#232 โ€” The Bitcoin Group #232 - PayPal Finally Accepts Bitcoin - $13,000 - 100 year HODL - more popular tha

๐Ÿ“… 2020-10-23๐Ÿ“ 6,851 words

The Bitcoin Group, the American original. For over the last 10 seconds, the sharpest Satoshi's, the best Bitcoin's, the hardest cryptocurrency talk. We'd like to welcome our panelists, Martin from General Bites. Josh Gagalla from Valtoro. Gracious me another week is by. And I'm Thomas Hunt from the World Crypto Network. Moving on to issue one. Issue one, PayPal finally accepts Bitcoin. We've talked about it on this show since almost the beginning of this show more than six, seven years ago now. But PayPal is finally accepting Bitcoin. When we first talked about PayPal accepting Bitcoin, we thought they might buy cryptocurrency or another such Bitcoin and altcoin exchange. It turns out that cryptocurrency is long gone, the money's missing, and PayPal is doing it on their own, perhaps partnering with Bitgo or Paxos. PayPal has a catch though. They won't let you take the cryptocurrency off of the exchange. This PayPal, a big deal for Bitcoin. Martin, I think so too for the price of Bitcoin, it will be a big deal. I'm not too convinced that it will be good for Bitcoin. As you said, they will not let you take out any crypto. The article you mentioned was the article in Forbes, right? Yeah, that was Forbes. And I couldn't find the article on Reuters also mentioned that people will be able to use the crypto at point of sale terminals. But I know in PayPal, knowing their history, it will probably block a point of sale, wallets, and they will probably keep blocking accounts without any reason. And then you have no access to your Bitcoin. It's good for the price of Bitcoin, but not good for Bitcoin because not your private keys, not your coins. I agree, Martin. And it's likely with that point of sale, they would let you use your PayPal to debit your Bitcoin account. So if you put some Bitcoin on there, you could probably spend it as PayPal. Josh Gagala, your thoughts on PayPal. Yeah, this is an extraordinary move. I think it's a baby step in the right direction, even though you can't withdraw it to your wallet. I mean, I've read other reports that say you can, but we'll see. Nevertheless, it's a baby step. And even if, I mean, if they allow you to spend it at every PayPal merchant, then it means that they have to have real Bitcoin because you can't take it off. What will be interesting there is obviously they will have a massive OTC rebalancing thing going on in the background. None of these coins will hit on chain because if someone spends it, it'll just go to someone who wants to buy it at that moment and it'll do a whole lot of stuff. So a lot of people were speculating that it'll be good for Bitcoin cash or Litecoin at the moment because their blocks are still fairly empty. But it seems to me that it doesn't really matter when it's not going to move out of PayPal's database anyway. All these transactions are going to be settled using their ecosystem, their database, and it'll never really go on chain until they allow you to withdraw. And by that stage, I'm hoping that the Lightning Network will be more mass mainstream adopted. But yeah, big, big, big news. I can't say it enough. I think it's probably as much as I don't like these huge conglomerates coming in and saying, oh, now Bitcoin, because I feel it's sort of, it just doesn't matter in the long scheme of things. But in terms of PayPal, PayPal is very unique in that it is one of the largest in the Western world, one of the largest payment networks in terms of terminals, online terminals, and they're also pushing out into the offline world as well. So really, really, really interesting move. And finally, it is exactly actually what PayPal wanted to do in the beginning. They just, the technology wasn't there to have a rare digital asset wasn't available to them. So they're kind of going back to their roots. And it'll be interesting to see what happens when it comes to, when it comes to dispute resolution, reversing transactions will probably still be the case if you're not allowed to take the Bitcoin off. They'll just reverse their database entry. So there's all sorts of really interesting things to watch in this space because of this. Well, first, I want to join the celebratory side. We've been waiting for PayPal to take Bitcoin for so long. I think it's going to change everything. I think it could really push the price of Bitcoin over $1,000 a coin. So I want everybody to watch for that. That could happen at any time. Right? Second of all, I agree with Josh. It's going to end this theory of Bitcoin being a one-way currency because with PayPal, just like everything else with PayPal, it can be frozen and reversed. You can always trust PayPal to freeze your account when you've done nothing wrong. They're just trying to take your money. So now they're trying to take your Bitcoin. It's even more exciting for PayPal. There's more on the line. Well, temporarily, I do think it's going to be only controlled Bitcoin, much like the cash app after PayPal has gotten used to it. I think they will let you transfer in and out Bitcoin, and they'll have a whole other press release about it and another story. And everyone will retweet it and we'll get excited again. But we all know it's just a roadmap for software developers to get there. I think they're a little worried right now about maybe somebody rolling in with $7 million of dirty Bitcoin and wanting $7 million of clean money. That could be a problem for PayPal, things like that. But once they've worked that out, I think they'll continue to work with it. They'll continue to adopt this and eventually realize that they're helping their biggest competitor, Bitcoin and their second biggest competitor, Lightning Network. So thanks, PayPal. We look forward to eating your lunch soon. Moving on to the exit question, which will last longer, PayPal or Bitcoin? Go to Martin. A Bitcoin, that's like without doubt. I'm not too sure about PayPal allowing withdrawal balls with solutes in from, I believe they're from the UK. They've been offering debit cards for years. You can fill up your debit card with the bank transfer and you can also purchase Bitcoin. But until snow withdrawal feature, there's no private keys. There's not even proof that your bitcoins really exist. So knowing PayPal, this will probably not happen. But it's good for a Bitcoin price, I agree. Yeah, I mean, the thing is I kind of feel like they have to have real Bitcoin in there. Because if they don't and people start actually spending it and using it, they'll have these credits. And if Bitcoin price shoots through the moon, they'll be owing more and more money. So it's easier for them to actually have real Bitcoin than to do with the risk. Because the last thing a business wants to do is open themselves up to the volatility madness that Bitcoin is in terms of. They would just be ruining the fudusher beauty. But that's too late for that work. Yeah, Bitcoin will be my answer. I agree with Josh that they will they better hold on to that Bitcoin. They better have the right number of Bitcoin that they're selling. Otherwise, it could end very badly for PayPal. So be exciting for them to try that. I'd like to see them twisting their mustache behind the scenes, getting ready to take everyone's money. But we'll see how that goes. Moving on to issue two Bitcoin price surges to 13,200. I told you so. It's record high in Brazil, Argentina and Turkey. The price of Bitcoin is up again, perhaps because of the PayPal announcement. Something like PayPal sending out a press release to everyone could cause the price of Bitcoin to rise. Or it could be the people who knew about the PayPal announcement buying Bitcoin in advance and then being there just at the right time to sell. Josh Gagala, why is the price of Bitcoin higher this week? A PayPal. And it's just news is going to keep going higher and higher because the news cycle will get totally hyped up. The only thing that can stop it is the American election in terms of taking up headline space. But yeah, I mean, it's such big news. And then people will start to talk about it like we are and it just drives us off. I disagree with Josh. I think the price of Bitcoin's up because of the stock to flow model. He added a new little red dot. And each one of those red dots, the price perfectly follows that model. No, I mean, I think it could be the havin'ing a long time ago. The amount of Bitcoin being produced was cut in half, leading to a reduction of supply on the Bitcoin market. You don't have to have a fancy chart to know that. But yeah, it's probably the PayPal news too. Martin, your thoughts. The article was saying like countries like Turkey, Argentina and Brazil. Those are countries where it's really difficult cash out. With Bitcoin, normally, without Bitcoin, people wouldn't be able to get their cash out and they're trapped by the inflation in those fees. So now they have an option that's got Bitcoin. So I think this is just people scrambling to get as much money into Bitcoin as possible because the local currency is going down the drain, which highlights, basically, if it's not Bitcoin doing great, it's the local currency failing. And every rogue state in that respect will experience the same thing. Bitcoin will eat their local currency. Eventually, it will happen to the euro and the dollar too. I don't know. It always worries me if I see those articles. I feel sorry for the people living there. There are screws. At least they have a chance to hodl. Glenn B. Do you have many ATMs there in South America? We saw a couple of them. We found, for example, with Turkey, it's extremely difficult to import them. It's like the rogue state doesn't just end with their monetary policy. It's also already at the sole amt or customs. So it's... Yes, when we find ways to distribute and like to sell there, but sometimes we find that we just sell them to somewhere or just over the border. And then they transport it in, they don't truck their own transport and basically hide it and just get it into the country. Because it's the government's data. They know that. They don't want that. We have the same problem with shipping gold to Turkey. Yeah, I can imagine. If you tried India, shipping gold to India. Actually, what we do is we transfer, we sell the gold locally, the wider gold markets, the London bullion markets and then convert it to Bitcoin, send a Bitcoin over to a local deal over there where they locally ship it for return. We did that also with the US. Yeah, okay. So that was good, yeah. It's interesting with Bitcoin, we often talk about it bringing monetary freedom. But it's often bringing monetary freedom in the future. When everyone was really excited about the Cypress event in 2013, it wasn't so much that the Cypress people had access to the Bitcoin. It was more of the idea, what if they did? And then this time we're getting, we keep getting closer and closer to the right country at the right time having the right access, suddenly flipping to Bitcoin, which is not there yet. Yeah, no, and I agree. Like if you look at something like Venezuela, which was the poster child of terrible economic state and Bitcoin would come in and save the day, it didn't happen. And then you had communities like Dash really putting a lot of the block reward through their doubt into educating people over there. But and you get these articles like, it's so popular, but really it isn't because you need to get it popular before an economic collapse. Once you've had an economic collapse, people have already lost all of their value. It's a forest site and hindsight. It's almost impossible to get it right. But eventually it just might line up like a lightning, like it'll just strike in one place. So yeah, yeah. Moving on to the exit question, the price of Bitcoin this time next week, Josh Kagala higher or lower? Hi, I'm looking at around about 15 K. Martin, I think it will be lower. It's always doing this bar Simpson model. So it will probably drop for a stand-down higher again. I think Martin's got it. I always try to pick higher and I'm always wrong. But it usually goes lower and then it goes higher. So you just got to wait, which is almost impossible. Did you know the World Crypto Network has its own store at worldcryptonetwork.store? You can get world and the crypto network bugs, t-shirts like treasures don't float, Bitcoin not bombs and the original worldcryptonetwork the shirt at worldcryptonetwork.store. Be sure to give us a thumbs up and a share down below. Moving on to issue three, one hundred years. Michael Saler, new Bitcoiner and suddenly Bitcoin evangelist claims that his company MicroStrategy, which is invested somewhere around $425 million in Bitcoin, will hold the Bitcoin for 100 years, describing it as the world's best collateral. Just years ago, they were describing Bitcoin as rat poison and the worst investment possible. Now suddenly, they're holding it for a hundred years. How did we come so far so fast? And are they right? Martin. I think this is fantastic news. I've seen a, I never heard about Michael Saler or MicroStrategy before they went into Bitcoin. But you know, it's such a humble name. MicroStrategy, if you're such a massive Bitcoin bull. I mean, every time this guy talks, the price goes up. So yes, I'm big, big fan and I'll keep my Bitcoin for 100 years too. I advise everybody just to keep holding. Yes, absolutely fantastic. Obviously, your HODL strategy is too low. You want to keep them for a thousand years. Then you'll be ready to spend. Don't buy anything now. Put it all off. I know I agree with you, Martin. MicroStrategy sounds like such a small name. And the biggest company in the world is Microsoft. And DOS and Windows is at Microsoft. And now that's even so much bigger than it once was. That's what Bill Gates and wife calls him. Skipping ahead to the next topic already here, Josh. But Josh, what do you think about MicroStrategy and a hundred years of HODL? Hey, look, you know, I've got a couple of friends that are like foresters. And they think multi-generational. They don't think they are. It's amazing listening to them talk. I walk around the forestry that they've got. And they'll be like, I've just planted this acreage here for my great, great, grand children. And you just think, wow, this guy is really, really thinking forward. And I think this is the same with Bitcoin. If you are going to do that, folks, I think it's really, really important to look at inheritance and how to sign across keys through the unfortunate events of the life, which is death. And Pamela Morgan actually wrote an amazing book and thesis. And has a bunch of talks about how to do proper crypto inheritance. And it's something that no one really wants to talk about. It's always horrible, especially in the Western world. We sort of echo away from, nah, I'm never going to die. I promise you, I will never die. And it's one of these things that's obviously ridiculous. So it's very important to look out for how you will inherit or how you will pass on your Famurgen, your Ingenial or your wealth. That's interesting to think about things generationally, Josh. I know a story from the Roman Empire how Carthage and Hannibal was marauding through the towns. And when he would come to town, they'd let the doors down, they'd raise Hannibal's flag, and they'd celebrate while he was there. And then when he'd left, they'd put the Roman flag back up, because they knew that Rome was forever. They were local. They stuck around. Hannibal was just passing through. So it's great that all the Bitcoiners have come out to welcome Michael Saler and to bring him and the rest of his big bank money into our Bitcoin town. And everyone's saying, yay, bankers. And just when he leaves, everyone can pull the Bitcoin flags back up again and we'll get back to what we were doing this whole time. With or without the bankers, with or without the big money and the traders and everybody else. And the morale on recently. Yeah, all this like the Bitcoiners, the Cypherpunks, they write code, they focus on the freedoms, the right ideas. And we're just going to continue marching forward. But it'll be interesting to see if he's still here in 100 years, if PayPal's still here, if MicroStrategy's still here. But going to the exit question, I think Bitcoin will be here. Martin will Bitcoin be here in 100 years? I think it will be and it will be more institutionalized right now. We only talked about MicroStrategy and PayPal. We got a list here of 23 institutional investors. And together they already own, if I calculate the stolen coins or sorry, the lost coins about 3.7 million, they already own more than 5% of all Bitcoin. So yes, it will be here in 100 years. And yes, most of them, most of those Bitcoins will be owned by large corporations. Hey, maybe they already lost the private keys. We're going to hold it for 100 years. No one can get in trouble at all. It's 100 years from now. Like all the lawyers will be dead. Everyone will be dead. On the subject of inheritance, not too long ago. This treasure has this Model T, another one with a touchscreen. It allows you to split up the keys and make a sort of. And so right now we're so we would make four keys and then with with with leave one at the notary. And if somebody would die, then we can still get the keys. But if two of us would die, then together with the data from the notary, we'll be able to regenerate the last one standing. We'll be able to regenerate those keys. If you want to make a digital wheel, you don't want to make it too complicated. Have a look at this treasure Model T and this are Shamir's recovery split recovery thingy. I don't know what crazy name they gave it, but it's the best way I think right now to put a wheel. So that was a very good point. It does sound fantastic Martin. I think Shamir's secret sharing, which I agree is a ridiculous name. It sounds like a magician and a carnival. And it doesn't sound very serious. But if it's a way to split up your key, that sounds like a cool thing. Josh Gagalla Bitcoin in a hundred years. What what's the yeah. Oh yeah, well, will it be here like will it be money? What will it be? Tell us a little about it. I think it'll be the base of a lot of things. And you know, the thing about Bitcoin is that maybe there's another coin that comes along and it's just does things better somehow. It's got smart contracts and all this jazz and maybe people, maybe the market decides that's better. But there is only one coin that has one thing that can only be done by Bitcoin. It can never be done by any other coin. And that's being the first and having that collectors value of being the first. So if you've got the first cryptocurrency, the first digital rare asset that was ever invented by Satoshi Nakamoto, that will have value. Maybe, you know, and and and to, you know, this whole nonsense with with. Quantum computing and such. You know, that'll all get sorted out. I don't think there's that much people like Peter Todd aren't really too worried. And you know, so that gives me that gives me hope. So but yeah, I think it'll be around. I think it'll do a lot more and it'll have that collectors value if anything. Well, if Peter Todd's not worried, I'm not worried. I agree with Josh and Martin. I think I think Bitcoin will be around in a hundred years. I think it'll be ancient code. And I think that it will be very unlikely that very much of it moves. If we did a average Bitcoin transaction now moved $100 or something, I think people in the future would lose their minds and be newspaper articles for weeks and weeks. Someone moved, you know, this much Bitcoin on the network. But I think it'll be ancient code, which is saying something in a world where Windows XP is open sourced. But it'll be ancient code much like William Gibson when he's describing the AI in his books or Neil Stephenson in the new fall book that everyone should read fall. It's really good. But when they go back and they start to edit the code of the original avatars, it's like Indiana Jones. They're opening up the old book with all the dust and they're blowing it off. They're going to edit the Bitcoin code. So it'll be pretty exciting if it lives a hundred years. I'll just, I'd like to see it. So I'll hang around and see it a hundred years from now. That sounds like a good plan. Moving on to issue four. It's official. Bitcoin is now more popular than sex. John Lennon once said that the Beatles were more popular than Jesus. Bitcoin is bigger than them both. Our Bitcoin has grown to be bigger than sex, bigger than the Beatles and bigger than Jesus. If we made it, is Bitcoin here, is this the promised land? Josh Gagala, Bitcoin grows up. Is it all grown up? It's definitely growing up. I mean, bigger than sex, I'm not surprised. The younger generations from everything that I'm reading, they're just so obsessed with their phone that they're not actually seeing other humans. And they find it icky to touch each other because they're just used to nice clean phone screens. And there's something going on with the world where people, you know, and then you've got COVID, which is, you know, don't get too close to anyone. Don't do socially distance. So I think we're going to have generations of people scared of each other. Bitcoin sent Bitcoin to each other. It's going to be a lot like demolition man. Actual physical contact grows. Gross. Martin, your thoughts on Bitcoin bigger than sex. Well, the articles I said basically used the number of, my connection is poor, sorry about that, but it used the number of reddit connections. Of reddit subscribers to a certain subreddit. And maybe, you know, OK, Bitcoin is more popular on reddit than sex. But I think most people who are looking for sex are not going to read it because, you know, they're going to porn help and stuff. So I'm not sure if the data they use is really accurate for such a comparison. But yeah, it was, it was a bit of a clickbait article in my opinion. Now you just talk in technicalities. Come on, everyone knows red, higher world. You're saying that there's a world outside of reddit. Don't let reddit hear you say that. Don't let them hear you say that. For sex there is. For me, Bitcoin is bigger than anything, but anything at all basically. But, you know, I think reddit subscribers. Oh, OK, for. I believe that it said it's only 300,000 subscribers on there, but maybe this was the big renaissance for. For Roger Fair or something. It went on. It was some coin telegraph. So it's my thing more as entertainment. It's good fun, fun reading, but I'm not sure Bitcoin bigger than sex. Yeah, for me. At least Martin. Yes. Oh. Well, we'll have to see exit question. Bitcoin's now bigger than sex, bigger than Jesus, bigger than the Beatles. Josh Gagalla, what can Bitcoin do next? Start a political party, take over a country, become a reserve currency, go to the moon. It'll be bigger than the moon. It'll be Mars. No, it'll, yeah, I think it'll take it'll the next big step, the next big step for Bitcoin is to become the national currency for someone for some country for some small independent country. And then go from there as people start getting ridiculously wealthy in that country. Martin, your thoughts, what can Bitcoin do next? I think we'll see institutional adoption really go up right now. This 23 companies, which are public companies, they're the reason why there was only 23 on the list. It was because they are public companies and it's ferrified on information that they're actually both bitcoins. And it's just like almost 800,000 bitcoins right now. The thing is that more and more big companies are going to hedge against inflation and they're going to purchase Bitcoin. And they will drive the price up and pay pals and all that will start selling the common man in the streets, their bitcoins, everybody will eventually everybody will own a little bit of Bitcoin. It's like the savings accounts for the future. You know, money, you can save at the bank. Actually, I get negative interest rates on my savings account. And I think this is like there's this legitimized stealing. So that's why people buy Bitcoin. So yes, Bitcoin has a future. But I see it more as a savings account or a hedge against inflation by large corporations. The Dutch banks are way ahead of the curve there. They're working on new technologies. Other banks haven't even caught up. But I would agree. Yeah, negative interest. But you can still get interest in the US. Very small amounts on your bank account in the US. Of course, everyone's a safe interest. Yes. It probably gets chewed up by the first. Yeah, probably paid off. I got a message from my savings bank that they are going to stop giving out accounts because they're the savings bank. But they haven't been paying interest for two years now. So, you know, what's the point of saving if you don't get any interest? So this is why the bank realized that. And now they asked us to all. All close their hour accounts. It's it's like so far. Or those. Or those really mean hackers. They're just teaching all you nubes a lesson. And it's gone. And it's gone. Thanks for playing. And it gone. God. Yeah. But what I think. Sorry. Sorry. Don't leave too much. Don't leave too much. Don't leave too much. Yeah. But when I think about Bitcoin and it's so big now, it's bigger than sex, bigger than Jesus, bigger than the Beatles, bigger than a lot of other things. When I think about what we should do next, I think about something big. Bitcoin should become a political party or a religion. Bitcoin should become a political party and a religion. Just like in Snow Crash, you could live there. You could work there. You could worship there. But all come together in one wonderful Bitcoin wrapped package, the Bitcoin political party and religion and Citadel project. Contact me on Twitter at mad bitcoins. All right. We're running out of time. See? See? We just need more organizations so we can get that precious tax exempt status. Then all Bitcoiners and all traders will suddenly get incredibly religious. All they didn't know about themselves. But suddenly when the tax exempt status was there, they were ready to join up. We'll have a baptism in the spa. We'll dunk you. All right. Josh, are you ready with a prediction or a story of the week we're running out of time? They're telling me in my ear. The story of the week really is the sad news. I'm totally devoured. Devoured, which is devastated in Australian. That room 77 has shut down. This was the first bricks and mortar pub bar and amazing restaurant at the time to accept Bitcoin. The only other thing you could get with Bitcoin is some alpaca socks. You could use it on my website on Swapstyle. No one knew what the hell it was. No one used it. It's really, really sad. It's an end of an era. Of course, with an end of an era comes a new era. I'm looking forward to the future. I'm looking forward to seeing what Yogh does next. It was really a place for Bitcoiners to come together to worship at the throne of Satoshi and to drink beer, to have great burgers. And to come together every month and talk about where we're going. Some of the biggest projects were developed there. We're thought up there. Local Bitcoins was thought up at room 77. You know, Valtoro was definitely the seeds were also planted there. We had, I mean, God, the list goes on. The list goes on. Every big name has been there. Every time you see a picture in the news of a Bitcoin symbol, it's usually a photo of the room 77 Bitcoin symbol. It is really sad to see it shut down, but this is the nature of the COVID beast plus other economic reasons. But yeah, it's really sad. Yes, it's sad to see room 77 go. I was very lucky. I got to go there twice last year before all of this happened back when we could still travel. And it was really nice. It was great to meet you. I met him a couple of times at HCPP. Check out a bitcoins Twitter. I put up some pictures and a link to our interview right here on the world crypto network. We interviewed York a few years ago at HCPP. So it was really cool to hear his story and get the background on how he started it and why he started it. Martin, do you have any thoughts on room 77 before we go to your story? I never visited because I haven't faced it often, but I met York and met him in Prague. He did a panel discussion. I believe one or two years and was really nice meeting him. And we had a good laugh about the Bitcoin ATM set at the time because he said, I have those in my store. I ended up at the police station. So it was cool to think he was like one of the first to actually see the value of Bitcoin and embrace it. And he had a brick and mortar store and wasn't afraid to just do it. And this, I think, gave him so much street cred. Whatever he comes up with, I'll probably be a huge fan too. So it's sad to see that it closes his door. I think it's partly because of the corona crisis and restaurants being shut. You can't make a rep when you have a days with if you have to keep your doors shut and shut. And we see Tarenem's them. Other restaurants are closed. All the bars are closed. I hope it recovers soon. And that York is going to make a new startup. I'd like to see that. I'll promise if it does, I'll definitely be footing up there, you know, helping the cash register to generate some revenue. But going to face it and ever come punch drinks. Yes. Yeah, it was very cool. I always used to tell the story about York, because I'd read it in a newspaper or an online magazine or whatever. And it was always about this Bitcoin area in Kreuzberg. How York had started taking Bitcoin and he talked to all of his neighbors and the florist shop and the bookseller and the newspaper guide, all these shops that used to exist. And he'd convinced them all to take Bitcoin. And at first they weren't so sure about it, but they kept an eye on the bar. And they said, well, the bar is taking it and nothing bad has happened to them. You know, they pay for some drinks sometimes. They get some nerds in there. That's all right. And the entire street took it and they had a little Bitcoin neighborhood there in Berlin. And it was one of the very first Bitcoin neighborhoods and probably like the other ones. It wasn't used very often except for news stories. But that gave us a lot to work with in the early days to have those news stories, to have something positive to talk about that wasn't the Silk Road that was real world. You could buy a burger and a beer and it's all legal and he'd pay the taxes and everything's all legit. We didn't have any examples like that before room 77 in Berlin. So it was a great, great thing to have. Yeah. All right. Martin first story of the week. Martin, what have you been up to? No set story, but I've been using my spare time to. We while back we launched this every trade accounting package, but now you know, we got the feedback from people and people were concerned my data my data. I'm sending my data to a third party. So we launched them self hosted version now so people can install it on their own server. Been doing in my spare time, you know, trying Linux and a bit afraid, you know, because of all the geeky stuff, but it was just two commands to get it running. So now I'm the proud owner of my own self hosted every trade app, which is cool. It lives on the. I've got a light time. I think cheap cheap as seller on processor computer with a huge hard drive, which is my full note because you know, if you you're into Bitcoin, I think you should run your own notes. But most of the time those those notes aren't too busy. It's just only once every 10 minutes that you have a spike in CPU usage. And for the rest, they're not too busy. So I thought, you know what, I'll use my note for something else too. So I installed the self hosted every trade version and it's pretty cool. I got all my trades on there now and I know no third party is looking at my data. Actually, it doesn't even leave my local area network. So yeah, pretty excited about that. And we could follow the whole bull run thing this week on my own server. Sorry, you know, that's fantastic. Yeah, I was so excited about it. Josh, you have to add this full two row to I think you know, it's would be cool. People can monitor their their their their their holdings. They can see their realized profits and realize. And realize loss. I'm not turning it into a shit. No, no, really, really needed. It's really, really needed. I think it's one of these things that's that a lot of especially for shops. I always get with all the taxes and all that complexity that comes along software like that really allows you to easily see where you know what do I, which is. Yeah, it's more like if you run a crypto company, it's difficult to calculate actual health of the company and accounting is totally boring. And nobody I know likes to do their books, you know, but that's rather leave it all to the accountant with the accountant is a bit shocked about this whole crypto thing because of the many transactions and little fees and lots of decimals behind the comma. So it's it's good to have that moral as automated just click a few buttons get the reports out give those to the accountants account of this happy account of happy I'm happy. So it's it's but I know it's self hosted, which I think is cool because then I know you know the data secure and so my own local network actually doesn't. So that's that's yeah, that's really cool. Not nice. Yeah, yeah, it's just something we needed. You know, I think you did a great job listening to the customers and then giving what they wanted because I could see how people would worry about that. And that's a good solution that you can take a little command. Yeah, you have to type in some commands and stuff, but you can self host it. You can solve that's just and you can copy paste them. So that's it's not really magician Linux stuff. You can copy paste them. So that's what I did. Very good at administrating service and stuff. So just copy pasting them and then and then opening a browser pointed to the idea and, wow, there was a welcome page. By the way, you could definitely start the Bitcoin religion with the huddle thing at the back there. You just need two more to put on the second from the top next to the state and then you've got a huddle cross. You're in there like, you know, yeah, actually they have a new model out. This is just a 16 by 16 pixels and I saw I got a coupon this this company div room, which is Chinese company that they're crazy with a little inventions that they send me a coupon for a new one, which launched like yesterday and it got 32 by 32 pixels. So I told them, what's next? Yeah, a thousand to 80 by 700 something and say, oh, there will be lots of pixels. You say, yeah, that's by HD TV. I mean, what's the I like the 16 by 16 pixel. Connect them and you can like tweak it. That's yeah. That's all my news for this week. I've been like, you know, just you're looking at my screen. And yours. Yeah, I just want to talk about politics all the time. It's about 10 days in an election. I watched the debate last night. I won't say anything and I watched the Bora movie today. I'll say how great the Bora movie was, especially Rudy Giuliani's part at the end. Really surprising. Really, really strange scene and especially if you're a dude, you can kind of see what Rudy was trying to do there. Super curious stuff happening out there, but I hope that everyone votes. If you're in America, if you're not in America, you can't vote. So you just have to watch on TV with the rest of us. It's going to be really exciting right to the end. A lot of people don't trust the polls because they were allegedly wrong last time. But actually, they were pretty close last time. It's just the margin of error on a couple of them slipped. And that's what a lot of people, well, it's all the poll. They were so disappointed last time. They just don't trust the polling this time. But we'll have to see how it goes. It might be over quickly or it could take a week or even a month. There might even be a coup. So exciting stuff in America, 200 year old democracy experiment coming right up against it. We're going to see if it works. So, but that's about it for this show. You guys anything else you have to add today? Excited about the PayPal. It's been a long time covering it. I really wanted to do this show today to talk about it. So I'm glad you guys were available short notice to do. Yeah, thank you. Thank you. Yeah, no, it's always interesting time for sure. And everyone else just hold on to your bitcoins and we'll see how this goes. I'm going to find the end button. There's so many of them. Remember, like, like it. Yeah, like. Yeah, click the bell. Yeah, click the bell for now. The right you want to be notified. Yes, it is. The bill could come. That's right. And until next time. Bye, bye. Bye.

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