the the American original for over the last 10 seconds the sharpest Satoshi's the best bitcoins the hardest crypto currency talk we'd like to welcome our panelists Kyle Torpe from the crypto feed what's up y'all great to be back on the Bitcoin group for the first time in year two I guess I'll see you out. Kyle Ben arc from BTC IOT hello all great see you great see Kyle back actually I'm expecting Bitcoin pump because of it Josh Gagala from Voltoro a Yibba the Yibba the Yibba folks that's not all folks and I'm Thomas Hunt from the world crypto network moving on to issue one fifty million dollars square the payments company run by dual CEO Jack Dorsey also of Twitter claim has purchased fifty million dollars worth of Bitcoin investing one percent of their total wealth in the regiment crypto currency following microcategies recent purchase of two hundred and fifty now four hundred and seventy five four hundred and twenty five million dollars in Bitcoin corporations everywhere seem like they're lining up waiting to buy Kyle Corpie I ask you is this good for Bitcoin I think this is very good for Bitcoin it's it reminds me of like twenty thirteen twenty fourteen you guys remember when we had all these publicly traded companies are big companies are accepting Bitcoin for goods and services so the merchant adoption meme was a lot bigger back then obviously that wasn't really as impactful or meaningful as a lot of us thought uh... but this seems you know it's like the same thing but this is a lot more impactful I think because it's a store value use case that you know it seems clear that that's what that's what makes sense right now you know maybe payments will come later uh... another maybe this later this decade uh... especially with things like lightning and development in other layer to technologies where it seems like payments are going to be uh... taking place on uh... and it it seems like this is something that we could see more of you know in like I said in twenty thirteen twenty fourteen the merchant adoption thing was mish mainly just like a promotional tool so like these companies weren't really that concerned about accepting Bitcoin or things like that but they were more just interested in getting the free PR from you know putting out a press alert press release that says you know overstock except Bitcoin or new egg except Bitcoin or whatever um... and we could see that same kind of thing happen again and uh... square did publish that white paper along with their announcement that gives other companies that want to do a similar thing you know kind of a blueprint strategy for what how they can do it to without you know experiencing too much look at the something if they're trying to make a big purchase so overall it's uh... great news and we got the uh... uh... would also from coin kite making the uh... Bitcoin treasuries that were going to sit to contract uh... all the publicly traded companies that are putting putting Bitcoin in the reserves maybe what maybe left updated the future with the uh... central banks around the world that decide to hold some Bitcoin in the reserves it does definitely seem like they're using Bitcoin more as a store of value i don't think that square or micro strategy have anything that they're saving up to buy ben arque your thoughts on the exciting new Bitcoin purchases yeah i mean uh... i think Bitcoin's proved people thought that it was volatile asset uh... when you know all this kind of stuff kicked off and Bitcoin's price bounced about a bit but it's actually been remarkably stable and uh... all these people who have capital and wealth which they want to secure that it makes sense if they've got a diverse portfolio to put a percent in Bitcoin and you know uh... with square so you can say one percent i think of the whole things as not so this is not a large amount of money for them uh... but uh... it makes sense that it's on their on their sheaths on their you know uh... one of their ways of securing their wealth and uh... it's exactly what we've seen with the micro strategy and would get surround among these rich people and they'll will start pouring just a few percent into Bitcoin what's been amazing with all of this is that the lack of reaction from the market you know Bitcoin's prices still remain pretty stable despite people plowing quite a lot of you know people removing quite a lot of Bitcoin from the market and holding it so that's interesting and i think we're going to talk about that in the later topics are because of that too much but it just makes sense to have it as part of your portfolio now and as Carol said it will make sense also for banks that are part of their portfolio so just a matter of time we just got to sit and wait Josh Gagala um... yeah i i mean it all depends on your timing right if uh... if you get the timing wrong like if this was the sort of December 2017 November 2017 you uh... the fiduciary duty uh... to do something good for the company might be a little bit reckless but i think uh... you know it has been uh... stable it's been on a slow uptrend any uh... major corporation that does want to hedge that craziness that's happening in the market with with uh... you know i mean anybody that's looking around and seeing this whole corona night may play out and seeing stock markets keep on going up there's going to go hang on there's something wrong uh... my choose plan b which is Bitcoin exit question what will square do with the Bitcoin Kyle Torpy uh... with the Bitcoin that they just bought assume they're just hotling it but i was actually thinking about this earlier today in terms of how they'll eventually adopt Bitcoin will be you can already buy and sell in the app but maybe better integrated into payments and everything seems like they're uh... building towards a play with lightning where uh... lightning's Bitcoin's lightning network basically needs enables them to adopt a lot more uh... users around the world who don't have you know good forms of identification that they would usually need to put their users through KYC and stuff like that instead they can grab new users by uh... making a lightning wallet for them instead um... and that goes into like the stablecoin stuff too kind of where like that's one of the reasons stablecoins aren't probably gonna work long-term because eventually they're gonna come with some sort of crackdown on where it's like KYC every stablecoin transaction or something because it's much easier to uh... regulate than than a Bitcoin because with the stablecoins you have obviously like a bank account or something um... backing the stablecoin itself um... and even with like the more decentralized alternatives like dying things like that you still have like a federation of oracles that are used to uh... peg the price and everything so um... yeah i think they're they're gonna... i mean jackdawsey uh invested his own money in lightning labs as well if i remember correctly so it seems clear that they are looking at this as a long-term play with the bitcoin hollowing and then they're gonna eventually have some kind of uh... lightning integration for catch up users and i guess their square point of sale system as well i would assume kiles on to it it's even possible that square could make no risk very small amounts of interest by loaning on the lightning network and allowing liquidity for the network then arc what will square do with the bitcoin is it different than micro strategy um... i mean i'm sure jack is aware of you know the success and popularity of something like lintx but on telegram just within a small group of enthusiasts channels uh... and the concept of being able to sort of throw very small amounts of money around twitter could be really exciting i know he's a very conservative developer and twitter hasn't changed very much uh... when you've said you know look at something like facebook and how much that's changed over the years but twitter still remain pretty similar um... so it's not something he's gonna rush into but uh... i'm sure also that it's something he wants to do in in a way which is censorship resistant and doesn't uh... you know make them accountable in sts to to to regulate his so i'm not sure how they're gonna get around that but uh... it just makes sense you know it's it's such a great form of communication like in lintx but just just on if no one's used lintx but by the way it's a uh... uh... lightning while it which you can have in telegram and you can just use to throw money between people and tip people and uh... you can like do coin flips and things it's just it's a load of fun so i would like to see that rolling into twitter at some point uh... but uh... yeah i mean it's Bitcoin it's the longest time it's ever been over ten thousand dollars so i think it's fairly momentous and a lot of people who understand Bitcoin you know that they're willing to bet that it's probably gonna go up from here um... and then it's what he does you know with that newfound wealth will he continue to hold it or then and start you know converting to fit and maybe trying it but um encourage the uh... Bitcoin ecosystem to grow even more so uh... yeah um hopefully Bitcoin on twitter like lintx but one day Josh Gagala what will Square do with the Bitcoin? yeah i'm uh... with with Kyle and this one it's uh... liquidity liquidity on the lightning network uh... you know the thing is if you have one player giving too much liquidity or having too many nodes it's kind of like the CIA having too many exit uh... nodes on on tour so you kind of want to um not have one player controlling too much liquidity but uh... it would still be great and uh... it would make it more workable people would jump on and uh... yeah i mean wow uh... twitter come on jack bring it bring it on moving on to issue two moon mode Bitcoin price fundamentals in moon mode as the amount of Bitcoin held on exchanges drops analysts believe Bitcoin's on-chain fundamentals point to a 2017 style bull run Ben Arck we ask you because there's less Bitcoin on the exchanges is Bitcoin entering moon mode will we call this the beginning of the 2020 or perhaps 2021 moon cycle it's that thin slither of uh... Bitcoin which is being exchanged by traders which can push the price around uh... quite significantly because you know but as the podla bedrock increases then the amount of you know uh... variation the price can have is going to less than just as that you know as that uh... uh... uh... as as the amount of people exchanging Bitcoin on exchanges less and so this is really good news i think uh... there was something in the article about uh... defy tokens and how some of the Bitcoin might be getting uh... you know i also would uh... staked on defy tokens but i think again like more and more people are starting to realize that actually if you've just got Bitcoin in the future there's and currently uh... but even more so in the future there'll be lots of ways future just monetize on the Bitcoin you have um so i think that also encourages people just to huddle some Bitcoin and then wait for that to grow and then maybe stake on things so that's interesting also but no the the huddle of bedrock is is getting stronger and it's uh... the price is getting higher and it's that the amount of people exchanging Bitcoin is getting smaller smaller smaller uh... just on exchanges so uh... yeah it's great it's good and it's exactly what we want well you know when we have gotten stable times ahead to know that a vast majority of Bitcoin is being is off exchanges in hardware while it's and hard to access and hard to make um uh you know spur the moment decisions on defy is a much more fun way than the way i've been saying it i've been saying defy but defy sounds like defy worthless defy worth i don't i don't like things you know when you you don't know how to pronounce something because you really don't give a f**k and like you very rarely talk about it or so i'm probably just you know saying it wrong but i i very i think it's probably the first time i've ever said it so i like it on and also the the defy defy as well could always be degenerate finance or decentralized finance so a bit of a mess there for the acronym Josh Gagala are we in moon mode should we take our protein pills and put our helmet on yeah absolutely you should constantly be doing that i yeah there's so much happening there's so much happening in terms of development i'm i'm one of those permables have been for a long time so i just um yeah uh anything that goes off of exchanges we even though we run an exchange we always tell people hey you know take your money off off the exchanges off of exchanges because uh that's the poll point and the thing the funny thing with bitcoin is it's kind of got as long as exchanges use on chain transactions it's kind of got its own plunge protection uh built in by like the blocks just getting full and no one be able to get their bitcoin onto an exchange but low liquidity also means higher volatility um not just to the upside it can also be to the downside um and you don't know what we haven't read that particular article but the the thing is that we just had you know bitmex move a whole lot of coins is that taking 40 45 000 bitcoin into consideration or something like that i'm not sure where they're getting the numbers from but uh yeah i mean bitcoin off of exchanges can also mean massive dumps because there's less liquidity you kind of have to assume that the bitmex coins are probably being withdrawn from one exchange to another exchange if you're a gambler out there on the exchange you're not going to become a hot learn get us a hardware wallet just because your gambling site goes down you're going to find another gambling site i would think yeah yeah yeah but the evidence will probably show that they can generally show things like inflows to exchanges so we might get an answer to that uh moving on to the exit question and remember you will be competing against the predictor of predictor's prognosticator of prognosticators the bitcoin magic eight ball kyle torpy will the price of bitcoin be higher this time next week next week oh let's hope in for next year uh i will say i'll say no because yesterday i was just tweeting that i almost i was almost going to tweet that i haven't been this bullish from bitcoin since like 2016 or something uh so i think that means we're probably due for a pulled back because i'm not a very good trader so i'm gonna say lower i always feel the same way ben arc higher or lower you got me questioning myself no i high hi hi hi baby Josh kegala uh i'm gonna say lower because you know we're above 11k and we'll just come back down a little bit and now the bitcoin eight ball will the price of bitcoin be higher this time next week higher baby says can't read it man it's too dark in here hold on a sec just add to the prognosticator of oh there we go concentrate and ask again concentrate and ask again so better luck next week degenerate gambles the ball will not speak to you will not give you the answers that you seek but you could get the answers you seek at worldcrypto network dot store check out the world crypto network store where you can get the world crypto network mug the same mug that i'm drinking out of today the treasures don't float t-shirt bitcoin not bomb special bitcoin havining 2020 edition remember 2020 we were so excited about the havining seems so long ago we've also got world crypto network the shirt check it out at world crypto network dot store moving on to issue three goldman sacks warned it will soon be scrambling to catch up on bitcoin we've been saying it we've been saying it and we've been saying it the banks the investment banks the wall street giants are far behind on bitcoin they haven't done their homework and it's catching up to them Josh gagala what will goldman sacks do will they acquire a company like coinbase or another exchange like crackin or bit max will they buy their way into this industry how will goldman sacks catch up with bitcoin yeah i mean the the cfo just joined block one so that's that's an interesting move from from block one you know the thing is wall street is getting very excited about deffy and it's it's it's one of these things where i mean i'm i think it's i think it's also very interesting i mean just the fact that you can have shape shift in a contract that's floating in the cloud so to speak in the fog it's pretty pretty epic even it's just trading a bunch of stuff that no one knows what what they do it's still pretty amazing and so we're starting to see some really interesting use cases there i i do really think maker and coins like that are interesting because of how they work and learning stuff to yourself and controlling inflation through people voting i think there's some really interesting stuff happening and i think goldman sacks is also then thinking i know that there is a lot of people very very heart on that on that front especially on the on the whole ethereum front they are very very much interested in all of that kyle torpy i think that we're we're going to see a lot of banks look more like crypto asset companies and we're going to see a lot of crypto asset companies look more like banks like we see crack in with their their moves in Wyoming turning into a bank basically the full reserve banking institution and it's kind of just a continuation of this trend in fintech you know like over the past 10 years or so even starting with paypal where you know bank is really just becoming another app on your phone now and a lot of people my age and younger they you know trade stocks or whatever on robinhood or cash app even so it's really just like a interface in your pocket again is the it's becoming like a more and more important aspect of a financial institution and it makes sense that crypto would be part of that you know people want to be able to open their bank account look at it in their phone and then you know go to another tab and use their bank account to buy some bitcoin and that makes a lot of sense so i don't know about goldman sacks specifically but i'm sure we're going to see you know things like cash app and robinhood and uphold and all those other kind of apps that merge banking and bitcoin together growing popularity Ben Ark um isn't like fat stocks no regrets company merging with uh goldman sacks or something sources and that and the article just trying to get it up um uh but no defy shape shift i mean shape shift was a super useful tool back in the day um and uh yeah these experiments you got to remember as well like the talent which is being coming into fintech and bitcoin continually coming into bitcoin and fintech wall street was for a long time um uh you know these big banks they were kind of a vacuum for talent they would suck in talent if you were just like a gifted young person then it made sense for you to go work for some big banks somewhere but now a lot of these people are turning their hand to fintech and bitcoin and you know if you think about like christian decade if you think it was the first person uh in in the world to do a PhD it's bitcoin specific PhD on on payment channels um uh you know so with the idea like lightning network but now you know there's tons of people doing PhDs and that they're all exploring these new concepts and ways of you know of things like the you know defy for example so yeah i know it it's um of course you know uh Goldman Sachs they need to adapt or or sink and but i'm sure that um never grass is involved in it in some way uh galaxy announced Goldman Sachs point in you know no no that's not no i think i misread the um i think i misread the article maybe but live streaming is on all right keep going Ben yeah it's uh galaxy galaxy digital isn't it which is never grass thing um uh and that's i think that's becoming part of Goldman Sachs um and then never grass and he says that you know Goldman Sachs has it on a talent and and probably a whole bunch of people who want to experiment with decentralized finance uh but you know haven't been allowed to up until now um all they had to do in you know in their spare time but now they can do it as part of their their work time as well so yeah they will have to adapt or die and they they probably they will because they're successful big successful banks of course they're going to adapt moving on to the exit question will Goldman Sachs buy coin base yes or no Kyle Torpe no i don't think Brian Armstrong will sell it Ben Ark i don't know maybe maybe a few years Brian's and Brian Armstrong will buy uh buy Goldman Sachs that'll be cool Josh Gagala yeah i'm with Carla on that one as well i don't think Brian will sell it i think uh he's kind of he's kind of like like Facebook after after Mark got offered a billion he was like oh no no Goldman Sachs will buy coin base they'll drive a dump truck full of money up to his house a dump truck moving on to issue four bit max in trouble the bitcoin and cryptocurrency world was rocked last week by news that US authorities had levied charges against major bitcoin and cryptocurrency exchange bit max and its leadership team Josh Gagala your thoughts on the bit max crisis yeah i mean this is this is typical states typical governments um they they go after the big players uh bit max have never lost uh well they haven't really lost massive amounts of coins or anything like that and they've they've run a respectable business um whether you like that business or not it's uh it's really unfortunate and it's this typical thing where governments go after uh go after a company once they're successful and just extort it for some sort of license that they the government didn't even know they needed uh you know some sort of thing that they're doing that's kind of wrong um at the time i mean but you know you can argue yeah but at the end of the day the free market came up with these wacky internet things and people are trading and kids are trading gun skins online for for billions of dollars just and it's not being regulated by anyone it's just happening but um you know it's it's just weird i i don't know how long we'll keep on going where this is going to happen and this is again another push towards this sort of decentralized finance model where uh shapeshift got pushed out and now we have uh uni swap which is pretty much shapeshift and they've reinvented the order book in fact which is really interesting um so that they can do this in a decentralized way um or as decentralized as possible um and so so i think all this does is push it further and further out in two wards these smart contracts towards code running on multiple computers around the world that is not run by anybody you know the the the times are running out for this nonsense and i really i hope Arthur hasn't i mean he's got enough cash to to hire the best of the best so good luck to him Ben Arck your thoughts on BitMex yeah no i i agree um it's going to push the decentralized exchanges to yeah hopefully you know um they'll have some money thrown at them because um not nearly enough money is invested in in that area maybe that's something which Jack could also invest some money into but i mean on the other on the other side it does give uh investors and the larger financial sector more confidence in bitcoin when it sees a whole lot of regulated you know brick and mortar type exchanges out there rather than all these kind of gray alley exchanges so i suppose the the the gray exchanges like BitMex that that that that days a numbered and you'll have the super vanilla you know play by the book regulated exchanges and then a whole bunch of decentralized exchanges um uh which will pretty much cater to anyone in the market i suppose because both uh you know well there there will be no room then for for gray alley markets it also seems like the writing was on the wall with this one first they went after the bitmix referral program saying that people in the us were promoting the referral codes to people in the us and there was even those videos where the guy said hey you can trade on bitmix and get derivatives just use a VPN i'll show you how and that kind of stuff where it was really obvious that this were you know an exchange for the mexican people in name only and that it was being used by others uh so it seemed like it was gonna happen and now it's happened but obviously kind of like sorry like pioneering in a way because you're you're testing the water you're saying you know how far can i can i push in this direction um and then now you know they've gone a lot of trouble because of that so you know you know part part part of me kind of has to respect the them pushing the regulators and then then trying to see how far they could you know bend the law um and like Josh said fortunately they were pioneering in a profitable industry and now they have a war chest full of money they can use to hire lawyers and whatever else they need to do to try to continue this or survive pioneering let's go to Kyle Torpe your thoughts on bitmix yeah so i have like two main thoughts on this i agree with Josh that it is kind of like a an early you know one of the first government attacks kind of on on Bitcoin itself um and i think we're going to see more of that this decade as Bitcoin becomes more relevant uh to governments um but the only thing is like jashen been both we're talking about this proving the need for uh defi and or proving that you know defi exchanges uh are good and i agree with that um but the but the thing that kind of gets overlooked i think here is that bitmix is still operating and doing fine uh mostly because they use Bitcoin multi-sig and that's kind of like the the choke on is making to some ethereum's on twitter and it's like yeah it's great that uh bitmix is defi because they were unable to keep are they were able to keep operating and uh you know um since uh you know they weren't holding funds and like they counter anything they didn't get their fund seized or anything like that um so it brings up that question of like as these government attacks increase over the next decade like how much decentralization do you need for your business or project or thing like that so like bitmix was able to withstand this attack just with bit Bitcoin multi-sig and being set up in a different jurisdiction um and then you have things like liquid and rsk which are like federated sidechains which are like even uh more decentralized versions of the smaller multi-sig that uh bitmix i think is a three or four i don't i didn't see you how exactly it's set up but anyway like liquid is 13 functionalities i think or something so you can have these uh quasi decentralized networks with things like liquid and rsk and it allows you to extend bitcoin uh with a lot of different functionality in a way that maybe so sufficiently uh decentralized and we can we'll probably be able to see uh whether or not these federated chains are sufficiently decentralized over this decade if you can imagine like if someone made a coin joint implementation for with the liquid sidechain like would government start going after the liquid sidechain because they're kind of in control of this thing that enables uh anonymous payments and things like that um and it's kind of it's all basically connected to the oracle problem even with stable coins too where it's like you know how decentralized can we actually make these things um and will it be decentralized enough for uh resistance to government uh control and censorship and and take downs um and it it also the one last thing that makes me think of that a blog post that Gavin and Dries in made before Ethereum even launched that and in the he basically just said like Ethereum looks cool but i don't see um you know what useful things you can do it that you can't do with bitcoin multi-sake and it seems like we're seeing that start to play out a little bit because these uh centralized applications on Ethereum usually do have some kind of uh point of failure due to the oracle problem still and so it's going to be interesting to see uh that play out and see like how much decentralization people desire are they okay with like using bitcoin on Ethereum do they want to use like rsk um i don't know there's a lot of interesting uh things to track there i think there'll definitely be more decentralization and more attacks in the future moving on to the exit question will bit max survive this disaster yes or no Josh Kagala oh yeah i think they they will um they will just uh have to pay a hell of a lot of money uh as a bribe or a fine whatever you want to call it and uh and then they'll get on with business yeah and arc yeah yeah they will yeah they'll survive and um you know testaments the power of multi-sake which uh i don't know if anyone attended the hcpp thing last weekend but there's a lot of people talking about multi-sake and making making it easier for normal people to have access to multi-sake in a way which isn't going to endanger them their funds um uh with things like spactor wallet so yeah um great they'll continue to survive Kyle Torpy yeah like they said it it seems like they'll continue to operate and survive and and maybe we'll see greater developments in the uh bitcoin defi space with multi-sake in the next uh few months yeah not only that um you have uh big bitmex ventures also buying up a whole bunch of exchanges around the world uh in Japan and all sorts so um there's uh you know they've got they've got fingers in a lot of pies so even if the brand bitmex goes way uh in one way it just won yeah it'll continue uh especially now remember when Binance just up and moved to Malta and then didn't even move to Malta i don't even know where they are now but uh yeah it's gonna continue it's gonna be exciting and we're getting to the end of the show we're gonna move on to predictions or story of the week then are you ready with a prediction or a story of the week uh not really but i can have a little rant on about all the amazing development work which is going on and Alan bits at the moment um fear Jeff the guy who made Alan CX button to be instrumental in the Alan URL stuff he's putting tons of PRs there's a whole bunch of new extensions on there so you know you can do Alan URL pay uh there's a cool extension for Alan D hub so you can connect your blue wallet on your phone to your Alan bits wallet if you want to do that um oh i tell you what i did do is i set up and i'll do tutorial for this i set up an instance of Alan bits uh running on a vps with a domain paid for um with bitcoin uh in an and on way so you could have like a pop up Alan bits and i think it took me like 10 minutes 20 minutes to set up so i want to kind of really get it down nice and tight um and then do a tutorial on like you know and it was like $10 or something so $10 10 minutes and then you'll have like this custodial thing which you could have as a pop up and then um uh you could use it in a i don't know a conference or for a bitcoin meetup or something uh i'm just play around with some of the funky stuff it can do sounds great Josh Gagala you ready with a prediction or a story of the week uh you know the story of the week is basically that uh that i've just been running a business in the crypto space and uh is this constant ups and downs and all around and uh and for me it's uh it's exciting because we're getting uh we're getting ready for the next ball run where we're released uh getting some great developments out and we've uh uh we launched our referral program which is really cool uh get a half a gram of gold when you refer someone and they get a half a gram as well once they've traded a little bit and um yeah there's just so much going on and i and the next bit which Ben will love is that we've started to um go down the track of uh the lightning network stuff as well uh forget that back in there um yeah but uh there's some other for little things we're fixing with interface but yeah that's the story that's a pretty boring story of the week folks i am sorry but uh but uh check it out at valtoro.com just like your hat yep that's all right Kyle Torpy prediction or story of the week and also let the people know what you're working on uh lately yeah i forgot about the story of the week things i didn't uh prepare one but uh if you go i've been working on this website the cryptofeed at thecryptofeed.net and there is a section on the homepage that's called top stories this week so uh i suppose you could go there and and look at the the top ones from the past week where john mackafee getting sued and arrested um the irs is being investigated uh for using location data without warrant um yeah with mackafee arrested wasn't i can't yeah um Ben you so fun to talk about we're gonna have to talk about him after uh i think it might have happened like at the third day last week i don't remember when it actually happened so um wow yeah but this is what i've mainly been working on lately um i still do writing sometimes and all of my articles are published on the crypto feed now and it's basically just a news aggregator that is manually curated by me throughout the day um and there's also a video section that i curate not as often but uh you can go in there and watch uh the real crypto networks videos are on the feed and everything so i'm sure this will be up there later today after very cool um yeah so this is and i was i've been talking to Ben about using Ellen bits to add some sort of lightning integration to this site um still thinking about how that can work but maybe something like um just being able to log in with lightning for the comment section at first and then maybe we'll be able to you know send payments to each other in the comments section or you know get paid for personally really good comment so i'm trying to figure out what makes sense and everything but yes this is what i've been working on uh more recently than writing all right very cool you can check it out at the crypto feed dot net uh but now we have to do a bonus issue because Kyle reminded us about McAfee so uh as Kyle said uh McAfee was arrested for tax evasion in Spain uh previously i'd heard that he was on a boat in the middle of the high seas maybe in international waters uh where he would be safe from this um as you guys know McAfee antivirus a major pioneer in antivirus a major pioneer in uh weapons and saying crazy things and having documentaries called gringo on Netflix and other things uh but also a fan of bitcoin and cryptocurrency it looks like in this case he's being taken down for his uh what was it called it's called like altcoin of the day project or iCO of the day and he would promote a different altcoin or iCO every day i forget the exact number but it sound like he made something like 120 million dollars from one of these altcoin and then didn't report it to the irs uh Josh scagala what do you think about the john McAfee situation uh is is this the time that he finally pays is this the time that they catch him and keep him Josh yeah i mean i i i agree with jacamo and this one that you know as much as i don't like shit coins i'll i'll stand behind uh McAfee to promote whatever the fuck he wants i mean it's not like the people buying this shit weren't like trying to do the same as him with less clout i mean you know they were just trying to sell it for the now it's just a big game it's it's lala land i mean i think it's it is terrible when what i find to what people should be put in prison and when they go after people that are not technocrats that are grandmas or something and they're getting told to that that ir this is the irs please send us bitcoin uh you know these are real scams McAfee going out there and spamming some shit on twitter and people actually going and buying it because they want to get rich quick i mean it's you know it was the wild west and people need to burn their hands to realize that they need to understand that that obviously obviously the guy is going to be selling into the market like he's not stupid and and this educated a whole bunch of people so it's basically a schooling system uh to learn what life is about uh that people are trying to take money out of your pocket folks um so uh you know i think it's it's ridiculous i think uh i don't think he should be around i think he should definitely apologize to a lot of people if he was selling in of course he was i mean i never bought anything that he said because i knew as soon as he says it it's gonna pump and he's selling into i mean it's just the you know it doesn't take too many brain cells to rub together to figure that out and uh yeah so i don't know that's my that's my take on i think uh that's funny the whole McAfee things weird he lives this sort of cartel lifestyle without actually being a cartel like he's just does nothing illegal really uh he's just but he has all these uh someone's going after me it's just a weirdest thing uh it's like he likes to live like a drug dealer without being a drug dealer it's definitely more revealed if you watch the movie as well Ben Arck your thoughts on McAfee yeah i mean he's a he's a scammer but i think a lot of it just have a warm place in a heart for him for whatever reason which is which is odd uh i think maybe because he almost was so transparent in this like iCO of the day malaki i remember that was just one like iCO and uh i think it's during some conference or something and they looked after him and his wife for i think it was like a weekend or something but uh i remember McAfee documenting on his twitter and they spent a fortune of flying around in the private helicopter's and they were like running out you know entire clubs and stuff and he was like you know i've calculated they probably spent like four of a million dollars on on me and my girlfriend over this and it was so you know he would they would then he would then go and pump their their shit coin um so he was he was caching in and you know it's he's supposed to be standing by his ethics as a libertarian do what he wants and uh um uh i mean yeah it is it is bad to push gams and the people who you know suffer in the end are the the the vulnerable which is sad um and that does suck i mean i would have loved to have seen the take down because you know you see these interviews with the guy and he's usually got like armed guards around him and they're all very twitchy and and have the guns ready to draw so uh you know be fascinating if there was some sort of shootout or something you know something dramatic which came along but i imagine at some point that'll be a great film all about McAfee um and uh you know he's he is pretty gangstery if they they're going after him for tax evasion which is you know the the component classic um uh but no he's uh yeah the the scammer poster boy who for some reason just i don't know for a lot of those bitcoin as we have a warm fluffy place in our heart for him for some strange reason uh the warm places a very strange thing i know for me booting up all those computers in the computer labs all those dost machines over the years McAfee anti virus was almost on the screen right after Daw so it's like they've indicted Dawes like Microsoft Dawes. I mean I mean he invented anti virus you know he he had a virus and then he wrote a script and then he shared a script for free uh and then people were like this is cool you know and then he there was another virus and he wrote another script for it and then that eventually just turned into McAfee anti virus i mean he's had so little to do with that company for such a long time we even produced that amazing video of him explaining how to install uh McAfee anti virus um yeah he's an eccentric the world would be a little less boring a little bit more boring once he finally pops his clogs yeah i'd say the other half of the McAfee interest is that kind of libertarian cowboy interest he's out there playing by his own rule he's got his guns and so on and so forth and again this always ends you just governments like a giant wall you just always come up against it somewhere Kyle Torpe your thoughts on uh McAfee and his excitement to this week yeah he's always been a great meme i agree with i think Josh's description of how he lives a cartel life without actually running a cartel is pretty pretty perfect um yeah i don't i don't know what he the how he thought he was gonna get away i remember thinking like during 2016 2017 whatever it was when he was pumping all his coins let's be like well he's gonna get arrested or find or something at some point like this is really blatant and he's like always taunting uh law enforcement and uh three letter agencies and everything so i was like this is gonna end badly for him at some point um and it i mean yeah but there were there was like a lot of that kind of activity around that time obviously and we've seen we're still seeing people get punished for their activities during that time and i mean it makes me think of um the barstool sports guy too when he was talking to the winkle boss twins and uh the winkle boss twins were telling about bitcoin he was like what everyone else is saying i should just uh buy Dave coin and pump and dump that it seems like i can make more money that way and this way um yeah i don't i don't think it's very wiser intelligent to uh do these sort of pump and dump schemes very publicly and then taunt the governments at the same time and think you're gonna be able to get away with it uh but i guess mccaffee thought uh he had the uh protection around him with his cartel protection to get away with it but uh it doesn't seem like it worked out so how do you pay his taxes would he have got away with it? probably uh well he there was i think there was two separate charges one was from the scc and then uh there was also not paying taxes yeah maybe just by himself thing because he didn't want to lose that bet so he's like if i'm in prison and a guard i can't eat my dick yeah i think yeah part of it is the not reporting the attack the other part is like josh was saying selling into it it might be some kind of insider trading some kind of uh stock rule thing there uh but yes it's been a very exciting and interesting story of john mccaffee we've covered him several times on here especially uh like Ben said that he would eat his own dick if the price of Bitcoin didn't break was it like 200k by the end of this year i think the million was a million oh god a million by the end of this year well so we're right that's that's probably not gonna happen it's still a good time it could happen it could happen we could have used not to though now you know yeah now news and jale like it clearly it's a thing but uh yeah we've been covered i know jale food's pretty terrible maybe it's better you probably get somebody else's dick when he's still one of the best of the best players though where we was at the we were at the tcc cops in transolvania last year and uh theo was there and he just come in from the hallway he wasn't even watching the speech and they said we need someone to ask a question to mccaffee and no one really wanted to do it no everyone's kind of afraid of him and they go to theo and theo says you know mr mccaffee what's your favorite gun and boy did he love this question he just lit up and he's like well it depends if you mean for home protection or for out on the radio the distance i mean i like a handgun i like a shotgun for this i like a the guy just love the question so it really is you just got to ask someone a good question doesn't matter who they are you can get them to give you a good answer so i just want to once again thank everybody for purchasing t-shirts and mugs at world crypto network dot store we made like a hundred bucks over there so it's pretty cool so keep buying shirts trezzers don't float is a great shirt to have i heard uh the manaro guy fluffy pony was on another t another new show and he was telling this lady over and over again how he lost all of his cryptocurrency in a boating accident and she wasn't getting it he just kept telling me and she's just like oh that's that's so terrible why would you take all of your keys with you on that bow and and you said again he's like oh i just i do it every time it's just the point i like to do i just take it with me and i'll lose my money every time it's hilarious i love you south african but yeah fluffy pony doing a little promotion there for the trezzers don't float t-shirt so very cool stuff and thanks to everybody for giving us a thumbs up and a share we're going to the end of the show it's fun to be back i don't have a great voice is all kinds of politics stuff happening i've been covering that on the tomas hunt show so check that out there's another youtube channel out there and some of that's on the world crypto network too so thanks so much for joining us i'm going to look for that end stream button until next time bye bye