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, Martine Wismer, from General Bites. Hello, Bitcoin. Josh Shigalla from Valtoro. Howdy, folks. Our turván pelt from the Netherlands. And I'm Thomas Hunt from the World Crypto Network, moving on to issue one. Issue one. Will Janet Yellen consider limiting the use of cryptocurrency? During her confirmation hearing and several times this week, Treasury nominee Janet Yellen said that blockchain-based financial networks such as Bitcoin are a particular concern because of their allowing users to launder money and purchased illicit items. Many believe that Janet Yellen's mention of Bitcoin is the real reason the cryptocurrency is down almost 30% this week. Martine Wismer, your thoughts on Janet Yellen? As you all know, I'm not really into politics and I don't really follow politicians. But I'm Miss Yellen from a few years ago when she was working for the Fed and I was somebody in the audience holding a buy Bitcoin sign on a piece of cardboard. And I think that's the real reason she's talking down Bitcoin right now because she obviously she didn't show any proof. And a number of criminal potentially suspect transactions on the Bitcoin network is at an all time low. This is according to reports by Cypher Trace and chain analysis. Those are the people that actually follow the blockchain. They see transactions. The blockchain provides us with a level of transparency, the Fed and the banks don't give us. So I think if she makes statements like this, she really, really should cough up some evidence because otherwise Miss Yellen just has to stop yelling. Yeah, I also got to meet that guy. He was quite a character that Bitcoin signed guy. Josh, you got your thoughts on Janet Yellen. I mean, I have been in the space long enough to see politicians come and go and usually these high powered police, they give these big talks about Bitcoin and everything that's bad about it. And then I'll put up my hand and say, have you actually used it? And they're more often than not. They're like, no, I've never embarrassingly. And I'm like, let's after your talk, I'll download a wallet with you and I'll send you some. See how it goes. And it's just fascinating to me that so many politicians do this. But yeah, I really think that there should be a new, the only Bitcoin regulation there should be is that if you haven't lived on Bitcoin for more than like four years, then you're not allowed to create regulations for Bitcoin. I think that's the regulation. That sounds like a good bill. Our tour of Ann Pelt. Yeah, I basically agree with what Martin just said. I mean, the latest figures from my channel has proved that Bitcoin is used for Elyseed means less and less and less over the years. And the latest reports, I think 0.3% is used for, yeah, for young. Like I said, Elyseed thinks and even 0 for terrorist finance and for child porn and just 0, 0, they couldn't find it. They have not seen it pass on the blockchain. So it's nonsense to blame crypto for those things. Exit question, forced prediction, predict the next four years. Will the Biden administration be a net positive or a net negative or Bitcoin, Martin? It's a little negative. What we've seen is that when Joe Biden became president, he froze all these proposals or these regulations or whatever proposals made by the previous presidency. So this misglet, moon, moonishkin, munchkin. I always have problems pronouncing his name, but he suggested strict regulation on non-castodial wallets, self-hosted wallets, which basically is a wallet. If you have a wallet in your pocket, that's not a self-hosted wallet. That's just a wallet. So he basically wanted to restrict people from having their own wallet. You can only have your wallet with another company like a bank. It was very strict regulation. This is all frozen, but I think it's just frozen because everything they suggested and proposed is now frozen. But overall with Ms. Yellen there, I think there will be negative, you know, there will not be positive on cryptocurrency. It remains to be seen. I think it's a good, many good things will happen, but for cryptocurrency, I'm not too sure. I think Ms. Yellen might be a big pin in the ass, basically. So yes, I'm negative on the next four years. But Bitcoin is not just related to the US. It's global. So Bitcoin is like water. It will flow wherever Bitcoin is treated well. And if that's not the US, it will flow elsewhere. So I'm really positive for Bitcoin and remain positive for Bitcoin. That's it. That's former Treasury, Stekirritory, Steve Mnuchin. M's are not supposed to be next to N's like that. But then again, we have an all the questions about pronunciation and I'm not the person to get any of them right. Josh Pala. Yeah, Munchkin, I like to say. There, there's this thing that people tend to think that politicians make a difference when it comes to Bitcoin. They don't. Sure, Bitcoin falls down. Some people call it the honey badger because they don't give a shit. I like to call it the fainting goat of money because these goats, if you have seen a fainting goat, they get shocked really easily, just clap like that and they fall over and then they just get back up. And yeah, I don't know. These people, they try to control your lives with some strange rules that they come up with in the middle of the night. Their partner tells them just to go back to sleep. But they don't, they get up and they actually write strange laws that are expected. I mean, you saw it with the music industry in the 90s with the MP3. They just get that upset and start suing everyone and start creating regulations on what you can do with data. But data, like Munchkin said, is, yeah, I mean, it's fluid. It's like water. It's almost impossible to catch. These networks are so, so large and cross-border that the Americans, it doesn't really matter. They're fantastic at doing a song and dance. So everyone thinks they matter that much because they're culturally so widespread. But really, there's so many countries who are all doing our thing and eventually they'll regulate themselves into a corner where they're missing out and they'll start to have to deregulate again. Will the Biden administration be positive or negative or Bitcoin? Yeah, I'm a bit mixed. There will be good things, there will be bad things. And the good things is more price-related I expect because the printing of money will continue and will ramp up substantially is what I'm expecting. So I'm not so worried about the price trajectory of Bitcoin the upcoming years and regulatory wise. I have mixed feelings that it is needed in a way. We cannot avoid, for example, but we have a bank. Banks are highly regulated. Still doing nasty things. Currently, I see AML stuff. It will come our way in more stricter ways. On the other hand, I agree with Joshua that it will also, at some point, be deregulated. I mean, compare with when cars, like 120 years ago, when cars came on the road, there had to be a person working with a lantern or something. And that was the regal. It could not go faster than the English word for it. And Martin, can you help me? What is the English word for that? A horse carriage. Like a horse carriage. Yes, a horse carriage. Exactly. That means that it could not compete really. But when cars have been faster, it was no use anymore to have a person working in front of that car. And it was being deregulated. And the same type of thing will also happen in cryptocurrencies. It will become normal. It will become accepted even more than now. And we are on the brink of this S-curve of adoption. Have you seen Mass Mutual? We see Square. We see especially Michael Schailer, his company microstrategy doing good things and making good effortations for Bitcoin. So yeah, I'm not overly worried. But yeah, we have to deal with it. The answer is the most unsatisfying of all answers, a push. The Biden administration will be neutral for cryptocurrency. There's just too much other things for them to do. Unless there's a major problem, I don't see them stepping into solve it. They'll kick it off to the side. And as the expression goes, they'll kick the can down the road for more years. Moving on to issue two. Issue two, the Bitcoin double spend that never happened. A headline in coin telegraph convinced most of the mainstream media that a double spend i.e., the creation of new Bitcoin, the ability to spend to two different people twice happened. But it really didn't happen. The media was wrong. Cointelegraph was wrong. Everyone tweeted about it. There was a big hubbub all for nothing. Many people even going so far as to say that the price of Bitcoin crashed not because of Janet Yellen and the international news of her talking about Bitcoin during her confirmation hearings. But because of the fear of the double spend, Josh Shagalla, what happened here? Is this the media's fault? Is this Bitcoin's fault? Was there a double spend? Of course there wasn't a double spend. It was an RBIF. It was a normal thing. In fact, these things, you can take your outputs and re-spend them with a higher fee. Now one of those will be picked up first. And sometimes, if it's sitting in the memory pool, the miners will pick up the one with the higher fee first. And this has always been a problem. In the past, it was kind of hard to do. And I think this is one of the big things that's misunderstood by the Bitcoin Cash guys community, is that they believe that you can't do that on Bitcoin Cash. But you can. It's just harder. Absolutely right, your encode to spend the same coins in your wallet with a higher fee is just harder to do. And what Peter Todd said is, we don't want to give people false hope. So let's make it easy to do. And then we'll figure out a proper solution on how to solve this. Because, you know, so what you can, and with these higher block fees, what happens is that sometimes the transaction gets stuck. And then what you can do is you can send the same transaction with a higher fee. And it gets, you know, it just gets picked up then. So replaced by fees, a normal part of Bitcoin, anyone that actually understands Bitcoin understands that. And the media, we are still in a time where, where, you know, the media really doesn't understand. They understand the price. That's what they understand. They understand the price. Oh, the price is up today. And then the next day, the price is down today. And that's all they'll talk about. In terms of technical speaking, they don't understand real squat. So, you know, if you've seen the early internet document, like shows where ABC will say, have you heard of this internet thing? Have you got a dot? What's that funny squiggly app? Is that an app? At symbol, I think they call it, like stuff like that. You know, this is, they don't understand it yet. And, and, and, and this, and especially in a bull run, any bit of like, oh, something's happening. You'll get massive people selling. I'm surprised that a large whale that has this much Bitcoin actually believes in cells. So, I don't think that was the reason. I think they might have just wanted to sell. And, yeah, but, yeah, these sorts of shocks happen when everyone's on a, on a vibe, vibe, like, are we too high? Is the price too high? And they're just looking for like, oh, they're feeling wobbly, you know? It's reminding everyone to give us a thumbs up down below. We've got 44 live viewers, but only 11 thumbs up. So give us a thumbs up. It's free. And one more thing on the issue I wanted to mention, like Josh was alluding to, we don't know this for sure. But according to Twitter, this publicly traded tech company sold four million dollars in Bitcoin holdings yesterday because of the double spend news. It could have just been a coincidence, but it's awfully convenient. Arter, your thoughts on the double spend that wasn't? Yeah, it wasn't. That's the thing Bitcoin behaved as it should behave and has always behaved. Only there was. And I think the largest mistake was that they, in CoinTelegraph, they put the BSV guy earlier from, they gave him a few words. And of course, he will try to talk Bitcoin down from his side. It didn't happen. It was a foot. And as you just said, when people are nervous because the price is high and they are looking for a moment to sell when such a shockwave comes through in the news, that is for some people a trigger to sell. And indeed, the price will go down. And the stop losses will be triggered and more selling will happen. It happens. Bitcoin will survive. I'm not worried. I do fear for that company. You know, they had that press release. They're booking profits. They're very happy today. They sound a lot like Isaac Newton where they book out early and happy. Then it goes up more. And I hope they don't make a bad reentry near the top. Martin, your thoughts on the double spend? I definitely blame the media. I've experienced first hand the really like sewage media from coming out of CoinTelegraph at some point. There are good reporters, but there are some that really, like they shouldn't be writing about crypto at all. In this case, you know, at least have somebody double check an article before you click that publish button. The thing with is that there's a CoinTelegraph articles get copypasted all over the internet. And they're taken for granted. Nobody does any fact checking anymore nowadays. Did you see it? Oh, I saw it on the internet and I rewrote the article in my own words. And then they publish it. And I don't do any fact checking whatsoever. Experiences first hand also with CoinTelegraph a few years ago. We created a Red Bull vending machine. Actually, we didn't create the Red Bull vending machine. It wasn't existing Red Bull vending machine. And we adopted it. We ripped out the coin acceptor and we placed a RFID NFC card reader in. So you could pay with Bitcoin and Litecoin at the time. And later we upgraded it to Lightning. CoinTelegraph wrote about it in their article and they said, Red Bull is changing all their vending machines to accept crypto. And all the Red Bull vending machines will be accepting crypto. And the first one is placed in Prague and the Czech Republic. And it wasn't true. They didn't even mention us. And we're a small company. Well, not small, but relatively small. So it's important for us to get at least a mention. And if they write about it because everybody was copying that article all over the internet. So I was fuming. So I wrote to CEO of CoinTelegraph and said, no, no. This is like, you know, you just crossed the line here. This article is, I don't even know where to begin. Everything is wrong about the article. So I said, you know, it's not Red Bull. We created, we converted that machine. It took us a long time. It took us developers, a lot of like effort, really printing. Everything to convert one single Red Bull machine to accept Bitcoin. And it's not Red Bull that did it. General Bites did it. And I want you to correct this. So she got back with the author of the article. And he was like pissed off, of course, because he got like, you know, angry CEO. And he published exactly what we wanted to publish. But the damage was already done because nobody was going to copy that article. They already did it yesterday. You know, the shitty article. So I think CoinTelegraph, especially CoinTelegraph, should just take the responsibility. You know, people read their publication because they have nice pictures that I think is the main reason. And they've been around for such a long time. So at least, you know, get some level of journalism there. And if you're unsure about an article, have another author or another report or check the facts and then press the publish button because, you know, the damage they cause by not checking and just publishing all these nonsense. It's irresponsible. It just makes me fuming. I mean, I saw the price go down and I was like, what? And it's all further nonsense. But, you know, somebody just presses the button. And as long as they get their advertisement income, they really don't care. So I don't want to like offend or coinTelegraph, but some of the reporters they have, they're really below just any standards whatsoever, like no standard. Others are really good. So this is why, you know, I don't want to trash them completely, but they just should, you know, make some little bit more efforts to fact check before they publish. So yes. You don't take this personally. But fuck you. Yeah. Exactly. Josh. I think that goes well into the exit question. Now that the mainstream media has really messed this up and maybe even caused the price of Bitcoin to crash, will they learn their lesson? Will this happen again? Yes or no? Josh Shagala. Yeah. What goes around? History repeats. Arthur Van Pelt. Still muted. Yeah, sorry. Yeah. It can happen at any time. Like I said, when the market is nervous, this type of news can just pop up and cause a little bit extra nerves. But I mean, in this game since 2012, I've seen Bitcoin only goes to grow stronger every time when these things happen. And I trust it to become stronger again and again and again and again in the coming years. So I'm not worried. Martin, with mayor. It will definitely happen again. It's not just this single publication. It's the general state of the media nowadays. I've had similar thing when I did the chip implant. I did many, many times it got copy pasted and then they needed a few extra words. So they just made up something and put it in the article. And then the next publication copy pasted that article and added a few more words. So this is just the way journalism works nowadays. And it's quite shocking really. I really lost all trust in journalism. Yeah. It will happen again. Coming on. Did you know the world crypto network has its own audio podcast and I updated it every day this week. Get daily audio shows about Bitcoin on the world crypto network audio podcast on Apple iTunes and other places where you listen to podcasts and check out shop dot world crypto network dot com where you can get world crypto network t-shirts and even world crypto network the mug, the same mug that I'm drinking out of today. Issue three why everyone from square to Facebook is now hosting the Bitcoin white paper. Craig Wright is back in the news again. This time claiming a copyright for the Bitcoin white paper. He started out by suing Bitcoin dot org and Bitcoin core dot org asking them to remove links to the already widely published white paper. The internet responded as everyone knew they would republishing the white paper everywhere in every imaginable form in denial of rights actions. Yet he did these things anyway. Why what will he benefit? What does he have to gain? Arthur van Pelt your thoughts on Craig Wright's latest action. Yeah, I'm following this individual for several years already. I know him since 2015 when he became known with the wire tank his boat self docs where he had been when already people thought I mean he wanted people to think that he's Satoshi Nakamoto. Naya and to cut along story short we are arriving at today. He still does not back down. He is a type of personality that is only piling lies on top of forgeries and then come up with new forgeries and lies when the previous one is being debunked either in court or outside court. This move is for him. I see it as a very, very desperate move today on Twitter because I post almost well I think every day about a handful of things about him and try to keep my followers updated about it. And today I posted which is a bit of a doom scenario when I try to schedule but I think what I call the Jonestown face has begun for this community and for this individual. He will he will he is trying to get copyright enforced on several websites. It will fail. You already noticed and it was also in the headline that even Facebook and square but many other places from from block stream to I heard Embrale is also going to do self hosting for white papers. Martin told us that just now. And it's blowing up in his face and he cannot back down and today already we see that he cannot back down. He is already sending a letter from his council send a letter to square. So he is going after Jack Dorsey. How crazy can you be? It's really interesting. I know everyone is going to get upset if we go political here but we practically have no choice giving the example that just left the United States Craig right like Donald Trump seems to be a con man like you're saying when a con man is pressed he doesn't say oh it was all a con I fooled you he pushed his harder he pushed his harder into that reality. So it's interesting to see most people I think right was on thought he was on the defensive. He was on his way out. It's been a long time since he performed that magic trick that fooled Gavin and Jason and since there's been no proof of this Satoshi thing you could easily proof it. There's lots of different ways to sign the keys to send around a few Satoshi's it's very provable and he's provided no proof yet. Somehow he's accessed funds or loans or something he's very powerful now he's producing these lawsuits and like you say if he's if he thinks he can take down Jack Dorsey. You know the level of delusion we're talking here. It relies Trump. So I don't know how we can go on without that. Yeah I mean even even fidelity and parties like that have been posting block stream. I mean I mean he has a rich backer Kelvin Ari's not not a poor guy I mean he has a few hundred million I'm sure and he will pump a lot of money in it but how can they go after fidelity how can they go after after block stream I mean you got to be totally delusional to think that you can even come close to that level of intellect and knowledge and with a fake story. I also think it's worth bringing up a lot of people have probably forgotten already but there was another fake Satoshi. I forget his name might have been a Russian guy had like kind of blonde hair slipped back one of his big claims is he had a picture of him with Andreas Antonopolis and he was slogging around this picture saying picture and like this worked though right this worked at a lower level of Craig's thing if he could fool some investors with this picture and he could fool other investors he could roll that into some money you got to figure in some way that Craig has allegedly of course we want to be careful here but he's allegedly done the same thing and just rolled these bad investors into a series of bad investors now he has a you know an army behind him hired army but still I mean we have to remember these different levels of fake Satoshi and maybe there's one that comes through in the end with a fantastic amount of fake proof and really takes the cake on this I mean these are amateurs right we're still waiting for the real fake Satoshi right. Yeah but what amazes me most actually is not even that Craig is I mean the guy is his mantle he should go to he should find professional help for his issues in a hospital but what I find the most amazing part is that on TA that is his lawyer in London they're helping him they're not protecting him against himself no they just collect the money from the builder they sent to Calvin air and they just promote his scam I mean this will not end well I see 2021 as well probably the year that it all collapse and on TA will go down with them they lose a lot of reputation for joining him in this scammery. I saw another interesting background article about Craig right and it had to do with Bitcoin Bell and I won't go too much into it but when she met him and she was talking to him he was the kind of guy where you say oh you know I just cooked dinner and he would say I'm a gourmet chef you'd say I'm not a pool and he would say I'm the greatest pool player in the world I won national championship. With piano and with all kinds of martial arts and yeah I know it's interview you mean it was from 2015 that was actually roughly half a year before before the wiretinkers moto articles roughly in summertime that that happened he had a bit of a I'm not sure how physical it was but at least an online relationship with that lady and I think she was burned after the experience of bringing him into the Bitcoin community because at first he was only scamming the ATO for roughly 100 million in a text fraud between 2013 and 2015 that failed and he was bailed out by by Calvin Air and his friends for roughly 50 million to pay it all off and get him out of Australia to London but Bitcoin Bell was at before that happened actually just before that bill out Bitcoin Bell was the individual who introduced him into the Bitcoin community he was puked out pretty quickly actually by the by the hardcore Bitcoiners but a few like don't forget Roger Verr believed him between 2015 and 2018 when Roger Verr broke broke with him as a disguised total fraud and then then Craig started chasing Roger Verr for lawsuits now I think two or three already he did against Roger Verr I mean Roger Verr is also scammer in my humble opinion but so the two scammers were chasing each other but yeah that's where the roots of this whole scamish at the time we were saying that you know when you're surrounded by all these criminals who can you trust you can't trust anyone and then to see the Bitcoin Bitcoin cash and then Bitcoin SV split off from that it was classic like criminals dilemma you just can't trust anyone you're around and it was interesting to see how much mileage he got out of the Bitcoin Bell introduction like you said I was there with the world crypto network and we filmed his panel and we put it on the internet and that kind of thing and it was really interesting later in the day one of the professors on the panel professor Joe Salerno it said that he wished that I was moderating the panel because when Wright said he had this supercomputer simulating the Bitcoin network Salerno said he knew that I would have asked a follow-up question which of course would have been what were the results how to go you know we need to find out this information and that would lead towards the unraveling of his computer super thorough. It's one of my favorite tweets that I repost every now and then when I meet those BSP fans that he tweeted indeed in 2015 about testing big blocks on his supercomputer and in the same era the ATO came by with a specialist checking on his supercomputer they made a big report that was filed in climate versus right roughly a year ago or yeah last year somewhere and I copied just one page from that report that whole supercomputer didn't even exist so he just made that up he tweeted about stuff that he really didn't know about because he couldn't have tested it because those supercomputers did not even exist they didn't and that's a report ended with the chapter about the supercomputers because everything was deepened it was called the another deep based on sham according to ATO everything that the guy brought up was fake it didn't exist it was and the last line of the supercomputer chapter was yeah this was all set up to deceive us this taxpayer wanted the text return and he faked he deceived us with this more existing super computers and that's what's so amazing to me is it was so obvious at that point that at the very least he was a scammer in some way he had he had super computers said he tested things didn't have computers didn't test things it was relatively easy for me to wake up and everyone else wake up say hey he's probably not the guy but much like with Trump I think that people had a religious devotion to right where they saw him as the Satoshi they wanted they wanted to believe in this small transactions becash vision of the future and it just aligned for them and much like with a cult if you come to someone and you say hey you've made a bad investment they they like you they thank you for saving their money they blame the person they invested in the company they invested but if you come to someone and you tell them that they're an occult they get mad because you're attacking them because they see themselves it's it's it's it's a cult we cannot I cannot make it anything else anymore I mean look at what he is writing in his slek room today I just found it back here in my screen he he is telling his followers I am the punishment of God in cryptocurrency if those had not committed great sins God would not have sent a punishment like me upon them I mean if you tell your your followers these type of things your your a cult leader nothing else and you must be his Satan yeah that's what he's trying to be I mean he's now I think I just mentioned the Deanna God he's now chasing square it was like I actually got invited by Bitcoin Bell to be on that panel and I refused for some reason I couldn't make it and then when it turned out that this weird guy behind on that huge screen and and then it turned out that guy pretends that he's a Satoshi I was like oh man that would have been fun to be on that panel to talk in a part because like what the hell but yeah I really hope Bitcoin Bell's okay because she did get a lot of flack after that I think she's and all of this and and I really if she's watching the show you know my heart goes out to you I hope everything's okay moving on martin your thoughts on Craig Wright's comeback I think it's just an attention whore and we shouldn't pay any attention to him as artur already stated I think everybody with a little bit of web space should put up the Bitcoin white paper so that Google can index it and that's it it's it's a good thing to do anyway whether there's fake Toshi around or not you know this Greg Wright with his god posts in his sleggroom I think he should really pray for some brains and maybe good medication but for the rest I just ignore it's Josh I'm Craig right good oh sorry um yeah I think it's one of these things where he just keeps on coming around and and one one thing we can do and I after looking a little bit of research from what happened on the other the other day with this sued I saw that there was a few people that had already claimed copyright and of the white paper and and Arthur uh uh from belt okay name came up as well and I thought that's a great idea so I'm I'm going to actually register copyright because uh on that as well I think everybody should it cost you 55 bucks go have some uh dignity about your great work because we are all Satoshi somehow and uh yeah just go and copyright that and uh Arthur's written a sample letter that you guys can use it's on Twitter at my legacy kit and uh it's an already written letter that you can use to claim copyright over the Bitcoin white paper if you choose to at your own risk so on uh let's see exit question will Craig write yeah yeah sorry let me explain that it's it's not that I claim uh it's two different things one is a letter to to on Jay uh to tell them that I'm also hosting the Bitcoin white paper and I have several good reasons for that so I make them aware of uh how what a fraud this guy is and I make them aware how copyright and um how uh opusource development etc works with under the MIT license where the uh Bitcoin white paper was also published in the hope and expectation that um they will probably not do too much with it but at least they see that there is not much support for what they are doing and I hope that many people will send such a letter and of course honestly hosting the Bitcoin white paper also at the same time because that is inside the letter and the second thing the uh registration of the copyright which I did two years ago of the Bitcoin white paper was on behalf of the Bitcoin core developers uh because I do not pretend to be satoshi Nakamoto himself of course uh that is what some people blame me for but that is not the case I do that uh I did that on behalf of Bitcoin core developers um because I see myself as part of them it's a large group of people that are happy to contribute to Bitcoin with developing, testing, passing through, bug reports and reading the bips and things like that so I consider myself being helpful in that field which makes me a copyright holder because under the MIT license the Bitcoin core developers are the copyright holders of the code and associated documents which is the Bitcoin white paper also so to annoy this individual from Australia a little bit I also register the copyright and I think everybody should do the same uh not only to annoy this personality because it will take him a lot of effort and most importantly a lot of money to push everybody away um that he will fail in that field because in um uh I see it also as a good thing the other way around it it gives the possibility to show that we are also satoshi that is one is the an emotional thing but also for the the legal side of things it gives the opportunity to counter sue if needed uh and wanted uh at some point to push him out of the arena we'll have to see how it goes in the future uh moving on to the answer question I hope you get one of these. The exit question is this the last we've heard of Craig Wright or will he be back again martin? um no at the pathological liar will always make up and come up with new lies if they are found that you know people figured out their previous lies so the next lie will be even greater and that's why I think we shouldn't just shouldn't pay any attention to this guy. Josh she got it no the guy loves being in court so I think he just will just keep on going around I don't know he's got some sort of fetish with being in court I think he gets off on it uh so yeah I don't yeah I don't know I think you'll just keep on coming up with new crap unless he's in prison and then he will just keep on coming out with crap there. Arter van Pelt yeah same same same same thoughts uh if he is not being kicked out of the arena forever uh he lives on he's leaching on the money of Calvin Air if Calvin Air is losing trust in him uh that will probably also a moment that he will be in in trouble because he doesn't have any money himself he's living on the payroll of of Calvin 100 percent that will be setback for him uh but but I can see happen if if this is going to collapse uh I can see this go either the community will leave him and and B.S.V bleeds to death uh there will always be religious followers uh but he will be the martyre of of this uh little cult uh in the end and and B.S.V will die it will die this year or next year or into three years but it will um because it's it's it's going nowhere um he will be around I'm afraid unless he is put in jail and uh his phone and his internet connection is taken away from him if that ever happens then we will not hear from him anymore and otherwise he will shbout his nonsense as long as he can yeah reminds me of uh there's a lot of marks just constantly taking money from angles and his father uh and sort of living off of other people and as soon as they that trust goes and that disappears and I think he really uh he really lives off sucks that he's a viper on on air and air is in this I think in this predicament where you have this problem where you just don't want to not believe because you've poured so much money it's the same way that the Nigerian scam works you you first get someone to invest at you know like ten bucks to release the money from one bank to the other you know and then and then oh you've already invested one hundred we just need a hundred a hundred more and then you do a hundred more oh yeah we're nearly there it's now going to this other bit now you need a thousand more to release it and then you get deeper and now we need ten thousand but soon you'll get this sixty you know the the six hundred million uh so you think it's such a large number and carbon thinks that the Satoshi's coins are there and uh you know one day this miraculous weird uh guy will pop up at the door with with the with the keys this bonded career I think he was meant to already be there I don't know his ridiculous story I can't even believe it I love that story we're back to the future too that was the best part is and like you say Josh we passed the date on that uh the courier was supposed to show up with not the keys but half the keys or something like that yeah if you're a wager for why would you trust some random courier to be like the the person that delivers you billions of dollars and maybe he arrives or she I don't know we can't even name the company I don't know after you must know more about that maybe we better do this in in in separate uh show this is the tutelprost thing is already half an hour of material let's talk about let's do it in another show yeah by the way folks if you want to follow the word sorry the the word that just crossed my mind that I uh not that long ago I learned is called uh sunk cost fellacy for the kelv it's a sunk cost fellacy yeah yeah absolutely and not only that uh you have the this this idea in in psychology of um of uh what do you i just slip my mind uh um uh uh where you you sort of uh if you if you believe in something for too long you don't want to it's like the sunken cost fallacy accepted it's on a psychological level and uh and you don't want to disbelieve because you've put so much effort into believing one thing already that you just don't want cognitive dissonance that's the name of it and uh yeah it's so there's there's multiple things happening there for poor old Calvin remember where at a very high karmic level here where calvin air allegedly into young girls uh you know also craig right whatever he's into all these people have all this baggage they're carrying around and they're just looking uh for the karmic response we just have to wait and uh see if it comes right yeah yeah well big coins just out enough for calvin and uh like josh said um suing jack is a good way to get kicked off twitter we'll see if uh craig right has the trump effect there and of course i'm reminded of the epic line from millers crossing if you can't trust a fixed fight what can you trust and it has to do with ethics and criminals stuff like that so but let's move on to issue four issue four five reasons the SEC should approve bitcoin ETFs the evidence shows that investors would prefer to invest in crypto currencies through an exchange traded funds let's find out what the five reasons are the premium in grayscale bitcoin investment trust is dangerous they've worked fine in europe existing ETFs work fine for crypto foreign currency there are plenty of more volatile ETFs including one that moves between 100 and 200 percent and it would be obvious what it is a bit coin ETF is made up of bitcoin that makes much more sense than something like united states oil ETF that could be full of anything and there's no worries about remembering your password everyone's afraid to get into bitcoin because if they lose their password they lose their bitcoin and they'd feel much safer having someone else do all the work Josh shegala your thoughts on the bitcoin ETFs again just stop it stop it with the ETFs everyone i mean gold gold ETFs have a major problem that they're very they they they're all paper the cash settled a lot of the time if an ETF was truly bitcoin settled settled in bitcoin and you can take physical delivery well physical virtual delivery of your bitcoin then maybe i'd be all right with that i think it's a good on ramp for for being able to trade into it through the institutions especially if you have the stock market you have shares and stocks and you want to cash out of them and cash into an ETF and make it easy instead of actually caching out to a bank and sending it to a you know some sort of crypto exchange it's the way to go i guess but i don't really care of ETFs and all these sort of instruments i think i think if you're going to get into bitcoin get into it start using a look at lightning look at some of the amazing stuff that's happening transactionally as well even on the side chain stuff that's happening now people are starting to even build defy products on on the bitcoin side chains which is also interesting there's so much cool stuff happening and actually being in the technology i understand that there's people that just want financial exposure but for me personally the financial side isn't the most intro like the the the the the the values side right now it's up and down it's all around it's it's fun it's interesting and of course i run a bitcoin to physical gold exchange so that's there but but yeah i mean just like us we sell physical gold at at Voltau for bitcoin we trade that allocated boolean i do that because i don't like ETF gold because hey you know what if if hey just BC goes bankrupt you know where they're getting kind of bail in from they're going to bail in because they are the custodian and the owner the allocation of that gold is allocated to them and they're just going to take that and bail themselves out so stick to real things real bitcoin real gold allocated or in your hands that's that's the way to go. Arter van Pelt your thoughts unmute yeah it doesn't make me cold or warm to be honest i probably share a lot of same thoughts with with Joshua here the it's it's a legacy instrument that they're now putting in to the bitcoin world but yeah like Joshua said i'm also more a fan and a promoter of the ideal concept of be your own bank try to be as self-cost sodion as possible although i do understand that there is the need for and custodian that you're not yourself but yeah by a bank or the institution it will probably happen it is already happening of course but yeah i'm neutral kind of neutral about it it does not interest me so much to be fair yeah it's always a risk whenever they talk about these bitcoin ETFs that they could buy nothing instead of actually buying the bitcoin and they could just take the risk that way and then at the end of the day there's no bitcoin there at all so i think this always worries everyone when we come to this subject uh martin your thoughts on bitcoin ETFs well wise man once not your private keys not your coins so for me i definitely stick to having you know wanting to have my own bitcoins uh where i do see some space like in the market for like an ETF is that um from my understanding in the us in your 401 401k it's your sort of pension savings you can invest you can direct investments to a certain you know uh fund or something so if there is ETF from my understanding is that people will be able to direct uh their savings pension savings towards such a product uh but it should not be confused with actual owning actual bitcoin i think for most of us especially viewers from this show they will not be interested in ETFs they will they will want to hold the bitcoins themselves um in case of physical gold that's usually a bit difficult you know it difficult to store difficult to transport difficult to have it you know re re valued or you know certified to get it back in you know to sell it um so that's uh that's something you don't have with bitcoin with bitcoin it's it's relatively simple to keep it yourself so why not go the extra mile if Josh had learned something about the technology you know it's exciting new and there's always something new to learn and uh actually own your bitcoin and be your own bank uh for those that that that really are just interested in the price go up price go down and uh nothing else don't want to know about the uh the technology yeah for them maybe an ETF would be something but you know you don't ever know whether it's really existing data if it's just paper bitcoin um so yeah personally i would definitely want to have my own bitcoin but that's uh that's the personal thing well while it is noting that probably no one here and no one in the audience out there wants this paper bitcoin uh the other half of the ETF would be a large influx of cash uh like martin said in the united states your money and your retirement account is locked up if you take it out early you pay a tax penalty uh so you couldn't take it out early invest in bitcoin that might not work out uh so you could invest through the ETF that's what a lot of people want which would mean lots more money into bitcoin the companies would have to hopefully buy bitcoin to match these orders and the number would go up so that's why we're always interested in ETFs because it could cause the number to go up legitimately uh but now you have to predict the future exit question within the next two years will a bitcoin ETF be approved in the united states josh sigala yep oh yes your thought yes or no it will happen oh martin it's drifting towards yes uh it's definitely yes this is like you know it's it's been it's been already like in europe there are a bit a bit coin ETF so it's just silly that it's still not in the us so definitely yes all right is the only person in the united states i need to tamp down this ridiculous optimism no no ETF no progress no movement they're too afraid of it it's for money laundering it's dirty it's awful uh knock bitcoin down make micro strategy lose all their money that football player shouldn't just get in and make money buying at the top this is all going down so there you go the alternative side and now a prediction or a story of the week or almost to the end here uh let's see i'll show the t-shirt first uh let's see oh it's this one oh check out our laptop fundraiser you could donate now with bitcoin to help mad bitcoins buy a new laptop with a better keyboard i might even wait and they'll make a laptop with a camera card slot so you can donate now with bitcoin or with lightning network at tally coin link in the description thanks so much and check out the t-shirts and the podcast all the other stuff all right i gave you guys a second there Josh are you ready with a prediction or a story of the week go ahead uh yeah actually story of the story of the week is i on twitter right now just before the show i i crossed to give away hundred bucks worth of bitcoin so um let's see here if uh if we did if someone someone uh followed and whatever else they had to do uh this guy here gave uh he said tuned in jolly roger is the winner congratulations you get one hundred bucks worth of bitcoin send a lightning network uh uh uh little thing here invoice on twitter and uh i'll send it through to you uh or uh or an on chain one i'd rather do lightning though because it's more fun uh so get yourself a blue wallet or or zap or one of these cool lightning wallets and let's see if we can make it happen um and show the world the future uh story live streaming is on and we're back ladies and gentlemen now i was gonna say um we're we're launching some new pairs on volto ro so check that out that's that's our news really there's nothing uh you know there's enough crypto crazy news news but the prediction is that uh bitcoin will be here tomorrow so don't worry about your double spins and uh and uh yeah check out check out the new stuff that we've got going on in volto ro? are t and you ready with a prediction or a story of the week go ahead prediction is that the price will will climb back up i think you know people should remember what in bitcoin when when you're in whenever you're in doubt just zoom out and you'll see that the bitcoin really is number go up technology and over the course of a few years the price only really goes up a little news item i found i did this week was uh i've been running a bitcoin out for the past what 10 years or so and it was always a bit you know like a bit of nuts and bolts together and a little bit of technical efforts to get it to go to work and i realized that's not for everyone but uh recently uh get umbrale uh launched just google get umbrale and it is a really really easy way to run your own bitcoin node with a nice web interface uh with a little app store where you can have your own bitcoin explorer you can connect wallets like a uh specter you can connect or a mobile wallets which will connect to your own get umbrale node uh upgrading to a wallets version of whatever software you've installed it's just one click away so guys do check it out if you want to learn a little bit more about the bitcoin network or have been you know looking at running your own nodes um you know it's you know the old saying is don't trust verify so at least you have make sure you have the tools to verify your own transactions and this is makes it so easy so get umbrale that will be my my little plug for this week i'm not affiliated or associated with them so uh if you screw up contact them for support on call me Arthur van pelter you ready with a prediction or a story of the week go ahead yeah i have i have to be involved with some uh some uh developments in in bitcoin myself and then i have to wait uh partly on their i'm fully on their ande a but i can still say that uh what itryum is doing um with um what is called defy and uh it's coming for bitcoin also yield farming let's call it that uh like i said unfortunately i'm on the rean ande a so i cannot say too much until the it's gonna reach the press but it's uh i'm excited about those those things coming also for uh for bitcoin i mean itryum is supposed to be the big platform for all those type of things and we see a lot of things uh fail there and uh bitcoin can do better and uh what i always say about bitcoin and we see that um since 2000 uh like i said i i mean this game since 2012 and what you see is that a lot of those old coins they come up and they have a few hype cycles and then they slowly or quickly leave the arena again uh ande atryum i'm afraid will be one of them because if e3ium can do it bitcoin can do it at the same level or better and um in in that way those platforms are more or less uh the tests nets for bitcoin and if at some point something is uh catching on and and defy in general there are good things in defy and the good things that remain and the things that crash the crash on e3ium and the good things that remain they will pop up on bitcoin also and that is what i think is going to happen in the in the near future and um that's how bitcoin will always be king in in cryptocurrencies now i have to see how it goes thanks everybody for joining us be sure to give us a thumbs up and subscribe down below hit the bell for notifications uh story of the week is i started doing today in bitcoin again so i've been trying to do a short uh factual just the facts uh newscast every morning and i've even been updating the podcast so please subscribe check out today in bitcoin uh give us a thumbs up every day and check out the podcast i'm going to try to update it right now as soon as google finishes rendering this episode so thanks so much for joining us and until next time bye bye