The Bitcoin Group, the American Original, for over the last ten seconds, the sharpest Satoshi's, the best bitcoins, the hardest cryptocurrency talk. We'd like to welcome our panelists, Ben Arck from LNBITS. Well, I'm all. Josh Gigala from Valtoro. I'm buying games. Game stop! Game stop and I'm holding him with my diamond hands. I'm going to hold him all the way. One got from onegault.com. What's that? I'm Thomas Hunt from the World Crypto Network, moving on to issue one. Issue one, Reddit's Game Stock Battle. With Wall Street is turning into a war. Wall Street's bets against GameStop were upended when users from a Reddit forum decided to bet on its success instead. Now billions of dollars are at stake. The roaring kitty rally, how a Reddit user in his friends, foiled the market. A Massachusetts man who goes by roaring kitty on social media, helped start the social frenzy around GameStop. His $53,000 investment is now worth $48 million in value. GameStop, Reddit. What is going on? Josh Gigala. Well, there's a thing called short selling. For those that don't know, it's basically where you borrow. How do you make money on the way down? You can buy a stock or the Bitcoin from someone you sell it. Then it goes down and price and you buy it back cheaper. Sell back who you borrowed it from plus interest and you made to keep the difference. For me, that's fine thing. It's a good market thing because you also need to expose dodgy, shitty companies that you think would go down or overexposed. Like, Enron, you want to, you know, short them. But what happens when the big players can do what's called a naked short where they just sell stock. They need to borrow it. They just sell it. They just sell it 120%, 140% of the stock. More stock than is available just to crush the crush the little guy. And, you know, overstock famously, the CEO of overstock, he got naked shorted all the way down. And so he has this massive vendetta against naked shorts. But now the people of Reddit have gone up against the massive. They spotted that there was a huge over shortage going on from these hedge funds and decided just buy out. They're like nostalgia. That's where I'm wearing my Commodore 64 hat here. Nostalgia. I'm going to meme by this stock no matter what. I'm going to hold it with my 50 bucks, 100 bucks and millions of people going against these hedge funds to basically stop them crashing the market. And went from 18 bucks all the way to 330. I don't know where it's at now. But the shorts aren't closed yet. So people are holding this is an ongoing saga. And it's absolutely amazing to watch. You know, everyone loves the the the the Goliath getting slaughtered. This is like this is like the the the good old bear whale of Bitcoin back in. I don't know how many years ago five years, six years ago. And we all celebrated the slaughter of the bear whale. This is similar sort of thing in the traditional markets. I love it. So much fun. Ben Ark. Well, yeah, I mean, so roaring kitty. He saw these people were short in Game stock. And then he actually analyzed the company's books and realized that it was far more liquid than people with his thought it was. And it wasn't actually going to go bankrupt. And he kept posting on Reddit. And he was like, well, he's been in a lot of your week. His position in Game stock and everyone get taking the piss out of them until they they started to pay attention to what you were saying. And then they realized that all these big hedge funds shorting Game stock. They were doing what big hedge funds do. They were just, you know, picking out a company which they said was going to go bankrupt. Because they said it was going to go bankrupt. They will make that happen. And they will make a killing by shorting that company. And then the place plebs rose up. They fought over fighting a battle on behalf of Game stock and then on behalf of also just, you know, attacking big finance and its ability. These big hedge funds and their ability just to play around with companies and destroy them through, you know, through these financial mechanisms financial tools. It's quite interesting. There's a book by Anna's Farrah Fakas called another now she released last year late last year. And in it, he imagines that part of the Occupy Wall Street movement also incorporated making use of financial tools to en masse, you know, to attack these big hedge funds. So you got to remember with the Reddit users who are attacking these hedge funds to a short in Game stock. The average investment is like $40 or something. So it's not it's not the sort of money which they're going to really suffer losing. Obviously this war and kitty guys got a lot of stock in there. But it's not the sort of money they're going to suffer from losing, but on mass, they're able to kick these big hedge funds and the balls and say, actually, you know, we want to start taking control of these markets rather than leaving it in the hands of these huge financial agopolis, which is, you know, what's. In the case for, well, since the beginning of free market capitalism or less, so I think why this story resonates so much is it does, you know, people were aware when a story breaks, which we know somehow is going to impact the future and change things. And I think that's what's happened. I think things are changed now. People are clawing back, you know, their power over the free market and they're doing it through, you know, through attacking these hedge funds. So there are some people in these in these Reddit groups who are calling it a redistribution of wealth from the extreme rich to the plabes to the normal people. And I think there's an argument for that and it's interesting to see as a protest, the attack as it continues. And yeah, it's a great story. And, you know, long way it continue. And I know they're moving on to other stocks as well, like Blackberry and common, the other one, but let's see how it goes. See how it continues. One God. Yeah, I mean, I think I think that whatever whatever we saw over the past four years in the United States, whatever's been happening on all over the world, there's a there's a populism something something weird is going on and it doesn't matter what color it takes or which, which political figure grabs a hold of it. There seems to be a widespread resentment towards the elite, a kind of awakening in the United States in particular, you know, there's this kind of meme going around that the United States has real is a frog and has realized that it's being boiled and has jumped out of the pot and is now bouncing around the kitchen, you know, in things are flying. I think that's kind of what's happening in the United States. I don't think the whole world has waking up yet to whatever's going on, but there's a there's a sentiment that the game that this society game is rigged against certain people and everybody feels that from every perspective. And so there's this game stop thing has become this kind of popular revolt against the one percent again, it echoes. It echoes occupy Wall Street is much more sophisticated than occupy Wall Street right we've had a few years to to learn and study things right and a lot of friends of mine that were hippies in occupy Wall Street became Bitcoin nerds a few years later and so you know and they're trading the markets and so on. So this is this is the peasants revolting against the establishment and it's just one more form and it's going to keep happening is going to happen in and I hope that keeps happening because the stuff the tyranny that we're seeing today is absolutely ridiculous and you know, of course, Wall Street is going to hit back they're ready hitting back they're going to try to regulate you know, ban outsider trading or something like that and they're going to try to punish this kind of behavior and if they don't then forums like Reddit like this subredder or which they can just take the other on website is not hard to fork Wall Street beds and I've been telling them since this started that they were going to get banned and they're ready getting censored in various ways they can just fork off to their own website get their own servers and stand on their own to feed and keep doing this to every stop that Wall Street shorting now shorting isn't in here. Shorting isn't inherently bad if you're if you're if you're taking a loan of the underlying asset and then selling it on the market on you know, expecting the price to go down. You might want to turn the video off. We're having some stream problem. Give it another try. Sorry, go ahead. Sure. Sure. So there's nothing wrong inherently with with short selling. If you're if you're playing a futures market or whatever your your your your renting the collateral the underlying asset and selling it on the market expecting it to go down so you can buy it back cheaper and pay it back. That's fine. The problem is when the the asset is not collateralized and you're selling assets that you don't have because the federal reserve at the banks and this weird settlement system that they have allows them to do that. And so they can actually start to suppress a market. So this is you know, this is what happens when you when you're wrong on your call in them and and these these sort of millennial-esque traders are pushing back and and exploding a market dynamic that you know, it's the opposite of what they're doing there. It's the opposite of short selling there. They're trying to create a short squeeze and benefiting from that from that rise because the the hedge ones are going to have to buy back the underlying asset on the spot market at a higher price to pay back to the lenders. And so. I mean, I think I think it's great. I think we're going to see a lot more censorship and political stupidness. I think we're going to see a lot of propaganda against these people and I don't think I don't think they're going to roll over. I think they're going to keep trying to play the market unless they completely close wall street or to the public in which case the economy is going to collapse. I mean, this is the collapse of the west. This is the this is the sort of collapse of the establishment of the United States and I hope that a new Phoenix rises from the ashes. I agree with one that it's really all about occupy wall street as he mentioned the occupy wall street movement about 10 years ago. A lot of people lost their houses in the financial collapse. They went out into the street and they demanded change and they got nothing. They told the people it was a leaderless movement that it wasn't organized. They weren't impressed with it and they got nothing. It's especially interesting to see now that they're back and they have a little bit of money and they've been choosing as Joshua saying what stocks they want to go into. They like game stop. They like AMC these other old companies that look like they were going to go out of business. So there were a lot of people shorting them and betting against those stocks because of that these wall street bet guys were able to flip those guys at least so far. And it keeps going back and forth day after day whether wall street is going to win or whether these crazy internet guys are going to win and it's interesting to see wall street abandoned so many of their long held beliefs. Like if you invest in a bad stock and you lose money, it's your fault. Suck it up. I mean, everyone's on the wrong side of a trade sometimes sometimes people buy the wrong things or sell Bitcoin to buy refrigerator magnet. There's all kinds of things that can go wrong, right? But I never asked for a reset of that. I don't think anyone here asked for a reset of that. I guess the Ethereum guys got a reset once. But other than that, the whole point of the game is that yes, you invest and you win, you get money, you invest and you lose, you lose money. If we're going to change the rules of that game because the short sellers lost or because these guys had a message board. Do we not think that wall street had message boards just seems really ridiculous. Oh, they most definitely have message boards that they were like, you know, drinking whiskey in their private clubs and that didn't get outlawed. But now these guys on Reddit, that's what we need to get. Yeah, mom, I need 500 bucks. My friends are destroying the economy. Like, they're going to try and outlaw this. They're going to try and regulate you see the CEO of NASDAQ calling for more regulation now. It's just like sort of sweat. We kind of need more regulation. These small guys are trying to ruin. You know, the thing is these hedge funds, they've got it all stitched up, man. They've had it for a while where they just they own the media. They own the whispers that everyone acts upon. They have been using you through their media manipulation by shorting constantly on things. And because people deal on fear. And so shorting is very profitable because you can leverage that to all hell. But be because fear runs a lot better than good news. 24 hour news cycles all run on bad news on bad news. You can't have good news 24 hour good news cycles. It won't rate. So bad news sells. People are hardwired to love bad news like want to know what's happening because that's fear and fear and flight mode. You know, this sort of this inbuilt thing of wanting to know what's what's scary. What's what's a threat. And so these news cycles run off bad news. And when you own those news cycles, you can pump bad news out. And people will follow. And so they can just short whatever they want. And I mean, it's funny. This whole thing reminds me of the days where Max Kaiser and a whole bunch of us back in the day tried to short silver. Sorry, long silver to bankrupt JP Morgan Chase because they were so short on silver. And this is another big squeeze that's I think is going to happen because I think there is still a huge crush on the silver markets because silver really. Does underlie is is a big threat to mainstream fear money, even though crypto is now here as well. So we they've got multiple angles now that that threaten the mainstream narrative of the USD being all powerful on the euro being all powerful. And and and this is this is just so fascinating and exciting for me to see that people are like, yeah, we're just going to hold we're just going to hold this and it's not only hold by the dips. Any dip that's happening because they're they're shorts haven't haven't closed yet haven't settled. So they're going to try and hold this all the way through. I love this investment advice by the way, this is no investment advice only only put your 50 bucks in if you can afford to lose it. I love the I love that Nasdaq press release where she was like, are we're going to halt trading and our investors recalibrate. And then we're going to engage with the SEC to investigate manipulation and it's like, okay. So you're going to see you're going to manipulate the market, the free market and then you're going to engage with the SEC to investigate manipulation. Yeah, okay. Yeah. Yeah. What's what's great though is all these people you see the power of these guys and you're able to take on big finance. These are all people who very much appreciate the proposition of Bitcoin and you know what what what we're proposing with Bitcoin. It's a bear asset, which is out of the hands of trusted to party and it's beyond the reach of big finance and their ability to manipulate it. So it's all good for Bitcoin that these people are empowered. Yeah, word up. Moving on to the exit question, forced prediction this time next week, will the price of GameStop be up? The current price of GameStop is $325 USD. It's up 64%. Today, one galt up or down GameStop next week. Oh, I'll be shorting it. I would be out of that market so fast at this point. Listen, you buy the rumor you sell the news. You don't buy the news. At this point, it's activist. I mean, I'm terrified of going down with that shit. The same goes for the dog. You know, if you have no fundamentals to go on, then all you have to all you have to go on is speculative momentum. And how much more does this have to go? I don't know, man. I'd be selling one god selling Josh. Josh, Josh, go ahead. It's going to be up up up those diamond hands are holding. No, it is activism. That's spot on. It's got nothing. The people that are in this aren't doing it for profit. They're just doing it to wreck the other side. And definitely the normal person is going to take profit. So there's going to be some rational actors in this like, man, I'm taking profits right here. I'm going short. And, but you could you absolutely know that the big the big funds are going massively short right now. And so that, you know, really, it's kind of a it's kind of a silly game because the hedge funds are going to win at the end anyway. I guess they're just short now with new money to go over the old, but anyway. And I might Wall Street keep the dream alive. I don't know. I think I think Wall Street are going to suffer because they're all their big short positions. But the most of the people involved in this are willing to lose their money. However, now because of the new cycle, there'll be plenty of traditional investors getting it and trying to get in and, you know, and make a quick buck is the stock. A radically improved crisis in price and that's the danger zone, I guess. So yeah, I don't know down probably. Game stop only goes one direction and that's up, up, up. Moving on to issue two issue two Bitcoin price spikes 20% after Elon Musk adds hashtag Bitcoin to his Twitter bio. Oh, is that all it takes? Virtual currency climbs suddenly around 3 30 a.m. Eastern time adding $5,000 in the space of an hour to trade at a price of 37,299. Musk added Bitcoin to his Twitter bio earlier Friday morning and sent out a cryptic tweet saying in retrospect, it was inevitable. Musk's actions and the price of Bitcoin rising surge caused a liquidation of $387 million in Bitcoin shorts. The shorters are eating it all over the place this week. Let's go to one golf. What do you think about the price of Bitcoin? Well, this is very much related to what we're just talking about. The problem with the current system is that the people closest to power, closest to the federal reserve, closest to the real insider traders, the political elite, the corporate elite. They basically have an infinite amount of ammunition, so to speak in this financial sort of, you know, current world, say. And so they have an infinite amount of ammunition. And so what do you do? You can't win again. It's like an infinite amount of ammunition. It's very difficult. Well, what you do is you get out of the system such that such that you find something like Bitcoin. Bitcoin is actually a kind of antidote to this to this to this see at virus, right? I'm playing with analogies here. They're breaking down, but but Bitcoin is a way to step out of their power. The ammunition, the dollar doesn't work as you know, fiat currency doesn't work against you. If your bets are collateralized in a different asset. So what we're going to see is we're going to see stock exchanges and marketplaces that are collateralized and denominated in Bitcoin, such that as you can do already, you know, Bitmix is an example. If the access and example where you can place bets, for example, on gold, gold versus Bitcoin or Golds versus Gold versus the dollar with a Bitcoin denominated equity or collateral, right? And that way you're actually stepping out of their out of their power, right? You're making their bullets useless against you and people are realizing this and GameStop people are starting to realize that the Wall Street best people are realizing this. Ellen Moscas finally realized that and we all knew it was going to happen and the corporate sort of you know the corporate entrepreneurs, the billionaires that are actually, you know, not in the entrenched establishment that have an interest in innovation. They're catching onto this too. So I mean, I am really happy about this. I think I think it's great. I think that candle I'm going to forever consider that candle the Ellen Mos candle. I think we broke 35k with a lot of strength. I am buying 35k now. I think I think that's going to become support now. And I think we're going to keep testing 40k a little more. I think this. That there was a kind of fear in the market that we would we had sort of reach the local top and we're going to break back down to 25k or 22k. But I think this has changed that sentiment. So I think. I mean, I'm feeling very good and I'm feeling bullish. I think I think this is big. Then arc. Rich is buying the world. I didn't Bitcoin to his to a profile. It's probably good, I suppose. We have to remember as well Elon Musk when he was, you know, more chucked out PayPal. He was, it was in that law where Bitcoin came about. That's his industry. And PayPal originally was supposed to be for digital commerce on the internet in a way which Bitcoin was like a digital native currency. Comment what it was called before it was called PayPal. But that's what it's supposed to be. But they very soon realized with eGold and did you did you buy it? Did you go with did you go what did you was it called did you coin? Oh, I can't remember. You lines words. Thank you. Did you cash him? Excellent. Yeah, with did you cash in eGold, you know, what eGold coming into us laws and the CEO facing many years in prison and did you cash going bust? They very soon realized they just needed to bow down to regulation and not ruffle the fed is, you know, the US dollar. In order to survive and they did that and they're able to survive, but you know, just becoming as a sort of settlement thing for the internet. So that's his industry and that's something he was interested in. So even if he wasn't involved in Bitcoin's foundation directly, which there was a very good chance he was. And he would have been very aware of Bitcoin very early on. And he would have been behind it behind the concept of it and just interested in is a is a someone, you know, who understands the technology and probably more than most people understood the technology. Particularly at that time. So yeah, it is it is it is it is inevitable. It wasn't inevitable and you know, he's in that position now Michael say Le asked him why doesn't make Bitcoin as part of the Tesla balance sheet which just makes sense for a big company to do that. So I think that's what we're going to probably see next is Tesla like, you know, Elon Musk with his Twitter stock buying up some Bitcoin. But yeah, you know, who knows what Elon Musk's backs alike, but I imagine that they're rather large. And he's been in Bitcoin since forever, I imagine. I want to take the other side of this and imagine what it's like if you were a Tesla investor and you're against Bitcoin because I saw a lot of tweets like this this afternoon. And what they were saying is how much they love Tesla and how much they loved being, you know, outsider investors and we're investing in this car company and it might go up or down and we're really risky, you know, but we're not we're not crazy like those Bitcoin people. And then their hero, you know, Mr. Mars, Mr. Space X, Mr. PayPal, all those things suddenly comes out in favor of Bitcoin, which he's quietly been the whole time he's been joking about Dogecoin. He said that he had like, I don't know, point three or something given by his friend who knows if he bought more at some point. The guy's the richest man in the world has been said, but I just thought it was hilarious for all these Tesla investors who are so reckless to suddenly realize that there's an extra step of recklessness and for all these other stock market market people to tied in with the previous issue. They need to get going, they need to get to Bitcoin, there's reasons that we weren't into this stock market, there's reasons all these people were into Bitcoin and there's still a chance for them. There's still hope. Josh, she got your thoughts. First of all, Elon's not the richest man in the world. I mean, there's people richer, they're just not on the Forbes list up there up front and center, but he's definitely the most front and center richest guy in the world. And he's rich enough. I mean, let's put it that way. But yeah, I mean, exactly what Ben said, you have a guy that had his dream of X.com being the Internet of Money, being able to transact over TCPRP, having some sort of standard. Kind of like kind of like it was a little bit delusional kind of like flash, try to be a standard when it was a centralized nonsense. So really the problem with that centralized model was that you ended up you had the ability to reverse transactions. So you had to and. So when you have to do something, that means you then become the judge, the jury, an executioner of every transaction moving through you, which adds a lot of cost and a lot of it just goes down. So Bitcoin really solves this. And I think it's interesting though that and I think a lot of the people that keep going up against Elon or against Bitcoin because it's not green because of all the proof of work that's happening. I think you should think twice about why Elon this guy that's really into saving the planet. I mean, he's so into it that he's you know builds entire massive companies to try and deal with it. So, so he says anyway, but the fact of the matter is a lot of the energy that is being used up by the Bitcoin network is renewables or is waste energy. And if you can find a renewable, you will use it to mine Bitcoin or any spare. And there's a lot of research from Bitcoin miners now to find the cheapest source of energy and cheapest is always is definitely not drilling it out of the ground refining it and then burning it. The cheapest is just drilling a hole into the ground until you've got so much heat that you chuck some water down there it comes up a steam. And and and so it's Bitcoin is helping us lead us to a renewable energy future by the way just saying. But yeah, man, Elon welcome on board. Moving on to the exit question. Let's see, this is our new leader right here. Oh, roaring kitty and let me see if I can resize the image right no one. Oh, there it is. And you can see in the corner he has one of his special trading implements right here the magic eight ball. And we also have a magic eight ball. So the exit question is of course prediction time the price of Bitcoin this time next week will be higher or lower one gold. The price of Bitcoin I think higher next week next. Let me look at the market real quick. Weekly chart. I mean, I think we might be around the same place maybe maybe a little bit closer to 40 again. A lot of things could happen in a week man things are moving very fast right now. I think I think that the trend is up. Ben Ark. Sorry, I was trying to be fancy. Should we share a screen should we have a look at the old the old price on the chart why not. Okay, so where are we? All right, so we had that line. So we were dead cat bouncing. We basically, you know, the price was going down doing this Bitcoin thing. And then you had the Bitcoin use. And now we seem to be dead cat bouncing again. So down. Sad to say down, down, down. Yeah, let's hope it reverses, but we had this, this just this line, which we were hitting up against. And then the Elon Musk news just kind of broke up. But we seem to be then, you know, bouncing on my line and probably going back down underneath it. In my opinion. Josh, she got. Been pulling out all the stops. Yeah, I think what we'll hit 40 pretty, pretty hard and we'll bounce back down. But that's what I think I'm seeing a massive, massive amount of buying on, on Valtorra's OTC to gold. So that, that tells me that there is going to be some lower down. I trust our traders there, they're very clued in. And when I see a lot of gold purchasing, I think all the hot, the markets over, overheated the, the fear and greed. And I think that's a, um, uh, ratio. That's what I like to look at. And, uh, and in these moments where you see a massive spike up from the, from an, from an Elon tweet. I tend to think that's a little artificial pump. But I, I feel and I hope that we'll keep on going sideways and, and pendling between 40 and 30. For another couple of months, because that will really set us up. There's a nice solid ground to slowly move up past 40 and, and head up towards moonville. And now the predictor of predictors, the magic eight ball. Here we go. Will the price of Bitcoin be higher this time next week? Outlook not so good. So Ben's got all those charts, but the same answer right here from the magic eight ball. Very easy to do. Anyone could do this. Moving on to, let's see this first. Check out the world crypto network shop at shop. World crypto network.com. You can get treasures. Don't float the t-shirt. World crypto network. The mug. Hey, that's the mug I have right here. Whoa. You can get all that stuff on shop. You can get all those charts. Got world crypto network com. Also check out the world crypto network audio podcast up to date by hand. Every day this week you can even review us positively as opposed to this guy. But you can review us at world crypto network podcast on Apple iTunes and other places where podcasts are found. Check out. What's going on? like, you know, drill it, get your drill out and just put it on your like button and just drill into it because that's what this channel needs. And we're going to put the QR code up now. So Ben, tell people what does this QR code do? I mean, hopefully it's not too pixelated because you're coming through for me quite pixelated. So yeah, I could, I could, I could, I could, well, I think my, my connection was a little better. So maybe I could, I could show my screen again. And then we can, we can just, okay, so, um, can we see that? There we are. So that has 50 withdrawals of hundreds of Tashi. So if you get your lightning wallets out, your LNURL compatible lightning wallets, a good one if you just a new, when you haven't got a lightning wallet, is a wallet, it's a Tashi or a blue wallet, but Sphinx works as well and BLW wallet works. Most of the lightning wallets work scan this bad boy. You'll be able to pull out hundreds of Tashi's and there's 50 withdrawals in that. So, you know, even if you're watching this after it's been streamed live, you know, to see if you can tap it because I bet all those 50 withdrawals aren't going to be pulled from it. And if you are watching, you know, part of our audience, then please, please take some stats. Thanks for watching. This is amazing, Ben. This reminds me of back in the day when you had faucets and, and yeah, I mean, I was chucking like 50 Bitcoin on top. Oh, yeah, I'm going to regret this. I'm sure. Oh my God, the paint. I don't want to even think about it. Looking about you could retire off like now. Yeah, I know. I know. Damn it. Instead, I'm sitting here to end podcasts, but it's all good. I love it. All right. Well, you can check out that. We'll put the faucet code up. I thought I was supposed to still be on the screen. Maybe over here. There it is. Moving on to issue three, Robinhood restricts crypto trading due to extra ordinary market conditions. Yes, you can't buy GameStop AMC or other stocks at Robinhood. And now you can't buy crypto either. Robinhood restricting trading. Also the same things happening at coin desk or coin base where they've stopped trading. And why? Why does this keep happening? Why are they cutting off access to the markets? They're also cutting off access to Dogecoin. So that's a dose coin for last. But number three, why are these people cutting off access to their markets? Why is it suddenly unsafe to trade crypto? Ben Ark. Thanks, funny how you have these like new, funky, fintech companies and their little hip and they're all going to stick to the man. And then they get a big enough balance sheet and they just come under all the same state capitalist tools that the rest of them come under. So they're scared, they've got the tele-tops between their legs. Always worries me when companies stop particularly with Bitcoin and some cryptocurrency stuff. Derek called them cryptocurrencies. And it always worries me when they restrict access that potentially they haven't, you don't know what they're doing with those funds which they're holding on behalf of their users. And you don't know if they're completely liquid. So yeah, it's always, we've invented this bear asset which you can hold yourself. So don't leave it in the hands of these exchange. So understand that some people have to leave it there because of in a trade or whatever. But you know, as much as you can pull it off, hold that stuff yourself, look after yourself. But you know, that's why we created Bitcoin. So no, it's just funny watching this new kid on the block just becoming like the rest of them just a closed wall garden which are under the control of state and arguably state capitalist. One, God. I mean, how embarrassing is this for Robinhood? You know, this hipster, not not hippie, but this sort of hip kind of Silicon Valley fintech startup as you put it, you know, to now when they can, when they're pressured in to screw the people that they're supposed to be sort of empowering, right? How embarrassing this has to be humiliating for them. This has been really bad for their reviews on the platforms, right? Even like a hundred thousand one star reviews, I think on Android it was this, you know, does anybody have any faith in whatever in the good faith and good will of the establishment at this point, right? Whatever that establishment is a corporate political board that simply wants to wants to retain power like despite the marketing, it doesn't matter what marketing, what name they have. Clearly they want to want you to join the market and trade freely in one direction, not in the other. They don't want, they don't want you to actually win here. And you know, I mean, to some degree, this was the case for a long time and then they started to liberate the stock market, so let it people in somebody's phone is ringing. They started to let people sort of trade as non-accretive investors and so on, I believe. I don't know exactly what the details were there, but the Robin who was an innovation, it led a lot of people into the market and now it's shutting them out again. I think, I think, yeah, I mean, this is why Bitcoin was created to give you control over your money and not to centralize it over some corporate platform that's clearly going to play, you know, to the political whims of the moment. So yeah, buy Bitcoin. Josh Egaala, your thoughts. Yeah, Coinbase shutting it down. I think there's a lot of crypto exchanges that are basically running out of liquidity now. I mean, all those big hedge funds are buying up. They're buying up. There's some of that's not only hedge funds, but just people, funds, everyone is, look guys, the stock market is a ridiculous fast. It's way over pumped. We've been through a massive pandemic and we're at all time highs. Can it get any more fricking blatant in your face? Wake up. The whole game is a game and you're being played. You're the pawn. Get it out of there. Put it into a rare asset like gold, like property, like forest, like Bitcoin. But get it the hell out of this nonsense, this fast that you're being played on. You've been warned. Pretty good. Well, I agree. Following up on what Josh is saying, it's kind of like the matrix where these guys thought that they were free and they were Wall Street bets and we're going to break the stocks. We're going to break the short sellers and all this stuff. But really, they were still inside the matrix and the matrix followed the rules of the game. And so of course, they couldn't win. Of course, Wall Street came back. And now they're tiptoeing out of it. They're like, what do you mean we don't need these VR goggles? What do you mean we can take them off and live in the real world? And they're starting to get there. But of course, they went to Coinbase first. So they went to a centralized exchange that doesn't even sell doge by the way. And now they're just slowly starting to find out about other things like HODL, HODL or holding your own keys and Bitcoin and all the ideas. But yes, I agree with Josh. It's like the world's slowly waking up and they're looking around themselves and they're trapped in this matrix. What's really exciting is all this stuff is encouragement for things like RGB assets and having decentralized stocks which can be exchanged in ways in which we don't have trusted parties and kind of like a decentralized Bitcoin exchange type way. This is why I think the game stuff, it's not just a meme, it's something more powerful than that. We need the new apparatus for moving these things around which doesn't involve control, centralized control. And all this stuff is made possible and is being made possible on Bitcoin. It's super exciting. And people like Josh as well, like innovating with Voltoro coming up with all sorts of interesting ways of letting it. Was it the clear box protocol, glassbox protocol? Glassbox. Yeah, sweet. Exit question, will Robinhood recover from this nightmare or will they go out of business? One gold. I mean, they're big enough that they can probably keep going. They can probably recover from this. But man, I don't know, they, how could they keep any face? They literally did the opposite of their whole branding. They just screwed their investors, their traders. I don't think this is over. I think, like, what kind of marketing they're going to do now? They're going to be a joke. They must be a joke at this point. So I think I think they made a really bad column this. And they are at the very least they failed to justify it properly in the public eye as far as I can tell. And this scandal has been mainstream in the United States and throughout the world probably, at least at the English speaking sort of Western world. So I don't know how they're going to get out of this one. I really agree with Juan here. I think they went against their branding as the exact way to say it because Robinhood's all about robbing from the rich and giving to the poor. This was supposed to be the stock platform where anybody could buy some stocks and for them to shut that down because anybody did start buying, like sure, they might lose all their money and game stop. They might lose all their money and anything. That's the whole point of the stock market. That's what they're selling. That was the so called opportunity they were getting and they finally get out there and do it and they shut them down. So no, I think they're in real trouble. They're going to lose the brand. I don't think they're not cool anymore and that matters a lot more than they think. I think they made a bad choice this week. Josh Gagalli. You're muted now. Robinhood's been. It's so good. This is typical new speak stuff of a brand name massive corp owned by one of the hedge funds that's being slaughtered right now by the way or large stakes of it. They've been helping these hedge funds or the big Wall Street players front run everyone anyway. You are the product on there and there's a reason it's free and that's because they take your data and sell it to someone that can trade faster than you. I don't think that Robinhood's there for you. This is another part of the farce. Another part of the joke that's on you. Get out of it. Get into Bitcoin. Get into gold. Get into property. Get into anything but stocks. Just get a block of land. Put some lemon trees on it. Well, Josh, you saw that one of the major investors in Robinhood is the same group. I'm going to get the name wrong with something like Melvin Capital Partners and the ones that were shorting game stop. It all came together. They're like, oh, that's where you get your money. They're the ones shorting this thing that everyone hates and all this stuff. It's crazy. I don't know if this image is true. I'll just show it here. I'm just going to be one of these people that just spread. I don't even know if this is true. But Josh is going to spread it. When you see stuff like this, you can see it. It's not going to happen. It's basically a screen grab from Robinhood saying, we're sorry. This order can't be cancelled as we place it to mitigate the risk of your account. It's a market sell of game stop. That can't be cancelled. Now there are only letting people buy two at a time, two stock at a time. I think there's so much manipulation and nonsense right now. It's crazy. But it's really exciting to finally have it exposed. I know people have talked about this for a long time. And Josh was right earlier to mention Patrick Byrne with overstock.com and his intense attack on the short sellers. He had that blog and everything. You just keep posting and they tried to fire him and all that kind of thing. And now it looks like he's completely right. Ben Arck. No Robinhood still be in business. I mean, yeah, it's a horrible model. The trade off for getting zero fees is just more so than capitalism on your behalf. That's horrid. But I think there is a certain amount of like escape velocity in popular. I was talking about it some other subject the other day. But there's a certain amount of escape velocity, which something like coinbase gets where they just become so popular and big they can just all these dick moves. And you're like, that's it. They're going to fail. And then it doesn't happen. They just carry on being rapid. They're like Twitter as well. Like Twitter, like all of them. And I think Robinhood is kind of there. So it's going to be a dent, especially in the business model. But I don't know. People have a short attention span and they're likely to forget about it and just carry on using people that like signing up to new exchanges. So a lot of their users are just carrying using Robinhood sadly. But there is this new army of people who are willing to trick them on your own to attack these sorts of companies. So who knows? But the answer ultimately I suppose is decentralized exchanges for all sorts of stuff like stocks and shares and things. So just go build that out. Get it built. Yeah, but there is also front running in decentralized exchanges. So on Ethereum like Uniswap, you see the miners of Ethereum being able to front run Uniswap trades because they see the trades coming in before they can and they can then stop them, put their own trades in, get it through. And there's all this sort of stuff happening as well. So it's definitely not void of any of that. What about something like the RGB token stuff, which is, you know, anchored to a bit going on lightning transactions, so you can send ownership of an asset through a lightning transaction for me to you? Yeah, I mean, all of that would be great. It's just we really needs to have zero knowledge proofs like all of this stuff needs zero knowledge proofs that even then you hopefully you can get around some of the some of the metadata that can be that can be siphoned. And you know, if there's money at stake, people will find ways to get data that they can use to get a to get a positive to get a to you know, Robin Hood. Yeah, if you will. Interesting. I think they're in real trouble. And remember, if you if you don't pay for the product, the product is you. It seemed pretty clear early on that Robin Hood was selling how these people were trading so that other people could trade. Guy even says in the chat that their real business is to sell this data to hedge funds. So they got it. People are buying GameStop hedge funds. You should follow this. It makes sense. But I agree with Ben. This is a big army of people out there that are suddenly very interested in stocks. And given my own experience and I think a lot of other people that's only going to go one direction. And they're going to become interested in Bitcoin. Moving on to issue four issue four, Dogecoin meme based cryptocurrency soars more than 800% to record high. No known Doge lover Elon Musk tweeted a picture of a dog posing on the cover of a magazine. It was called Vose like Doge. So Elon Musk is back again this time with Dogecoin and it's up 800%. Let's go to Ben arc first. What are your thoughts on the rise of Dogecoin? Oh, man, let me talk to you. I don't know anything about this. I mean, not yet. It makes sense in a world where memes are very important that Doge is going to be pumping. Elon again keeps popping up I suppose again, Rich is doing the world. He's going to have an impact, isn't he? But yeah, I did try and get Rootsalon here, Christian Rootsal because he's a secret Doge spy within Bitcoin. I thought we could get his comment on this, but he didn't. He refused to come on. So I think he's just enjoying all his newfound Doge wealth probably never see him again. But no, I have very little contribute on this. I wish you hadn't picked me first. All you have to do when we talk about Doge is just saying much wow. Which wow, which wow. Wow. All right. So I should go ahead. Are you still muted? Much mute. Much mute. Yeah, Doge, you know, the thing is we are heading into a full old cycle. I know this, you guys hate to hear that, but it's true. There's irrational old buying is going to go insane and Doge always leads. I do think that we're living such La La La La. All Americans are going to get what to ground each plus every kid 500 bucks pretty soon. Let's say, let's say only 15% of those don't actually need, need that money and they want to put that somewhere. They'll probably put it in stocks and some in crypto. Let's say they do 50, 50. That's $33 billion heading into crypto. And they're going to try and jump on some of these like small cap, pink sheets. They're going to jump in these ridiculous small nonsense coins. So, you know, it's going to happen. It happens every time. It's going to happen again. Yeah. Wine, gold. Oh, blonde, are you muted? We lose the connection. I'm here. I'm here. I think about Doge coin. Yeah. I mean, Doge is really interesting because it does this on schedule. I mean, if you zoom out and look at like the weekly chart on, I think Polonix has the longest history, it does this regular basis. That is a big candle. I don't see what people are flipping out about it. But it also always goes back down. You know, this is Doge has been doing what Wall Street bets figured out in this major event. They've been doing this for years. And since basically 2014, you know, they coordinate, meme the pump into existence and then get out towards the top. And then a new generation of Doge holders is born and then they do it the next time, right? This has been happening for years. It's been six years now. This is a big one. But I mean, I don't see them hitting all time high against Bitcoin. Let me have a look at the Doge USD chart real quick. It's definitely a USD high, but I don't think it's a long time. I'm having a Bitcoin now. It is a no, yeah, it is a USD all time high. I mean, that's cool. I think I would be selling it again. I don't know. I wouldn't be entering at this point anyway. It'll go longer, but the risk is much higher. You're basically buying the top of a, again, something that doesn't really have any fundamentals that I can see other than being a meme currency, right? But I love it. I love to see Doge pump. It's one of my favorite outcoins of the few that I really like. I agree with Juan. I think this is a Doge pump that happens every couple of years. New people come in. They say Bitcoin's too expensive and kind of sciencey. It's kind of Matthew. I want something light and fun where I can have millions of them, or at least previously, you could have millions of them. Now they're going to say there's a unit problem with Doge and they need to print more or something. Liquidate the Doge so we can all be Doge and heirs again. What do you think there? Josh, you got the chart up. Go ahead. You're muted, but you have a chart. It says Wall Street bets. Yeah, Wall Street bets has taken over from Bitcoin, of course, as number one on Coin Market Cap. I saw that they're very good at pandering over there and finance. They've got that panda move down. Yeah, the panda moves down. Yes, exit question. Will Dogecoin continue to pump? Will the Dogecoin people enter Bitcoin next? Ben Arck. I feel like there's no coin in these no coiners who hear about Bitcoin crashing. Then suddenly a few months later they hear that it's hitting you all time high. I feel like that about Dogecoin. Every now and then I just hear, or Dogecoin's pumped because of the end present and doesn't make any sense to me. But whatever, it's fun. I don't really pay that much attention, but I imagine it's going to continue to exist. Who knows whether a girl put down? I think what one said made a last makes a last sense that these new iterations of backholders who then just go Dogemart and pump their much while backs. Yeah, no, you're spot on. I'm absolutely. This is what Doge is all about. I think it's an infinite supply. It's not even like it's really pathetic. They have an inflation bug, but they might have fixed it. I'm not sure. I think the creator was like, no, we're going to make it infinite, constantly inflating. But anyway, that was a user guard. I kept track, but exactly this is what they do. They just hold, wait for the next pump and get out. It's actually quite cool. It's kind of like the old school ton teams. You can go use to call it where you have sort of a circle of friends and everyone gives money to one person and they get to have them. Then the next time it's the next person, the next person, it's kind of like that. Doge, they hold on and then they all of a sudden exit and get rich if they can get up quick enough. Of course, I think it goes both ways. Somebody gets rich and somebody gets poor on Dogecoin every time. Also, Porcris Franco just keeps tweeting out the most painful things this week. He said, I've deleted more Doge than you'll ever own. On Goat, will the Dogecoiners join Bitcoin next? Is this really a surprise good thing? The Mutes on fire today. Juan's muted. Yeah. Let's just say yeah. All right. Juan agrees. We're going to move on to predictions or story of the week. Ben, are you ready with a prediction or story of the week? Did they empty out that farce it for you? I don't know. I could check. Could I check? I don't know. If I closed, I might have closed the wallet. I didn't think about that. I could get close to wallet. I can't even check. The money's in there. It's my funding source. Ultimately, it doesn't matter whether money's left in there. I'll still have at the end of it. Now, story of the week. Not a lot, really. I'm still trying to get this not-star Twitter thing rolled out. Some pretty exciting developments in the background of that on a pro-cal level. It's been recognized by larger entities. But I don't know if that's something I'm allowed to talk about as of yet publicly. Released. Oh, I'll show you this. This is pretty cool. If you bear with me for a moment. Sorry. We need to get in prepare. I made this for in the room 77 telegram. We had like a secret Santa. I made this for someone on the secret Santa. I went to turn into a tutorial into a... Everyone asked me to use it for a while. I just hadn't gone around to it. I managed to do that today. It's quite nice. It's a... Where are we? Here we are. This thing here. I released this today. It's pretty cool. It's like an L&D node monitor. You can donate $10. You can connect it. My theory is that a lightning node. A Bitcoin node should be secure somewhere. You don't access it that much. You want to know whether it goes down. If you need to go in there and get it started again. You have this little node monitor, which you connect. You have your L&D lightning node somewhere nice and safe and secure. Then... You have this little node monitor somewhere visible. It doesn't even have to be on the same network. You can do it over the internet. You can do it over the internet. You have this little node monitor for the office. You know if it's gone down. You know if you get a transaction. What's cool about it is that it's a tiny tiny little thing. This little L&D item. It's $10. I've actually made access to the app. Adding the node details is super easy. You can do it through a little web portal. You can access on your phone or a computer. On that phone, I'm accessing the web. I'm managing the word Gizmo. Adding my node details on my Read Macaroon. And then it can tell me whether my node's down or anything. So that's pretty cool. Yeah, that's sort of off the cuff. But, it's what I was working on today, and I've… You mean it's to get that out for once? It's pretty good fun. So if anyone wants to… You know learn programming a little bit more. I strongly encourage you to play around with this hardware stuff. It's a very rewarding way to learn how to program things. to the ground for Nostar because somebody interesting things happening on that. That's a very cool project, Ben. I saw you tweet about it earlier. Josh Sugala, Story of the Week or Prediction. Story of the Week is the world is going to get wackier, crazier, and people are going to basically start to really move away from. I think the mainstream narrative of life is going to start getting evaporated where people start looking underneath the curtain, looking underneath, and seeing that there is some other narratives to be listened to, and not just to hear the same thing over and over again from mainstream. So that's my prediction is the world's going to get crazier and wackier as things start tying together. One goal to you back with us. Up with you guys. I mean, I don't know that there's anything that we haven't said other than I mean, I think we'd said it all. I think this is things are getting wobbly. And society was due for a correction. We're entering the digital era. And if you think 2020 was wild, get ready for 2021. We're just getting started. We're 2021. All right. I saw a tweet somewhere. And it was like, oh, congratulations. You're completing 2020. 2020. And we were almost going to get out. Live streaming is on. All right, go ahead Ben. Yeah, I'm going to butcher it now. But there was a funny tweet. And it was someone saying, congratulations. You've completed 2020 training. Now you're ready to play 2021. Like it's just the training level, the beginning of the crazy new game we've got. I agree with one. I think that, and I've been saying this for a while, that the information revolution, which we've talked about with the internet, just hasn't happened yet. It's began to happen. But I think now it's been hugely bootstrapped by all this COVID, everyone's staying at home. Everyone's engaging in their computers. And people have become so much more empowered digitally. And I think this is part and parcel to this Robin Hood stuff we're seeing as well. So yeah, the digital revolution has come. And the world is now going to change and become a more digitally native one. And it would be exciting to see, because I think a lot of people will strung the internet into working in a far less centralised way, which is why we're all here, isn't it? Ultimately. That's a lot. And it all started after Johnny Numanik Day. There's only a few days ago when everything changed. Johnny Numanik Day. Yeah. But I mean, everything is changing. We are seeing all these people that are getting banned off of Twitter, the cancel culture is finally canceling everything, because everything's offensive in some way. And then what happens is that people remove themselves from these big silos and move to their own hosted nodes on the internet, whatever that may be, whether that's music, whether that's video, whether that's a tweet that will all head towards what the internet should be, and not this nonsense where we have four major platforms, pretty much what we used to have with Time Warner and large players like Rupert Murdock running the show. And that was when you could really control every narrative. So they can control every narrative again. So it's important that we separate out. And even things like telegram are getting too big. Folks, move away. Move away. We also need a full, good chat protocol. Ben, do you know any that are good that are actual protocol and not just? Man, I mean, I'm, I mean, there's, yeah, there's some good ones out. I'm acid and good. But I mean, mastodons is predominantly like that big coin mastodon. You end up just kind of a Twitter just running yourself really ultimately, so someone else is in control of it. Nostite is very, very exciting. And I don't want to do that thing where I start like taking over and doing another demo. But you can build all sorts of interesting things on it. So like with the Nostar protocol, it's just sharing information through these relays, which, and it's very easy to spin up these relays. So the way in which you solve the decentralization problem is that you make the trusted third party is kind of inconsequential. So there's a really amount of they go down, or the ones will just pop up. And they're really easy to pop up. And then really, no, really. Yeah, yeah, I suppose it is kind of lightning centric, specifically because Fiat Jaff is working on he's like a crazy lightning dev. But the, I wrote a new, so we call the, we have like the Nostar improvement proposals, which are called Nips. I'm not sure Fiat Jaff being, you know, South American quite gets south any of that sounds. But I've got a nice nip, which I've been working on. And it's for a decentralized marketplace. So the client, so the idea with the Nostar is you have clients and you have these relays, which relay information. So a client could be a merchant with a collection of products, which they want to sell. And then they send those products to the relay. And then another client, which is kind of a front of house, you know, like a shop, like an eBay or whatever, it just requests, it's all using keys as well. So the merchant has like a public key and a private key. They sign these products to say, yeah, these are my products, they send them to the relay. And then the shop client then uses that public key to fetch those products and display them on their shop. Now, so someone goes on there and they buy a product. And the purchase of the product is done, you know, cryptographically using these keys. So it's, you know, encrypted, so even the relay doesn't know what's being communicated between the merchant and the buyer through the buying client software. But when I say client software, it's not like you'd have to run like an open-pours thing. This could be a service, like an internet service, we should just go to a website or you could run it yourself, it's that kind of thing. But the website you would, the clients themselves are all front-end. So there's no like backend, you know, service running or anything like that. But so I wrote a NIP, which allows, so Nostar, you know, we originally we think of it as like a social media protocol for making like decentralized Twitter, but you can actually make a decentralized like censorship-resistant marketplace using the same relays and utilizing the relays, so it's really exciting. And there's other, as I said before, I don't know if I can speak about it publicly, but there's some very interesting people who are excited about it. So, yeah, hopefully I'll be able to say more next show, but it's, I'm just very excited to be involved in it when it's, you know, quite early on. Yeah, as the protocols being built, and if anyone's interested, go to the Telegram group, it's t.me, backslashnostar.nost. We've also got a video on Warcraft and Network where we try and explain what Nostar is. It's in one of the hack sprint videos in the playlist, hack sprint playlist. We did a terrible job explaining it, but it's quite funny to watch. Hopefully we'll do another video soon, and it'll be explaining a little bit further more. But to answer your question, Josh, that will be the answer. When we build, I mean, so my, I have a client, which is a lot like, basically looks like Twitter, and it's currently being audited and refactored and the code being sorted out before we faucet. And then when that's fast, like, it's pretty sweet, man, like it, it's, it's, it's, you'll be excited. It's exciting, it's exciting stuff. So I hopefully I'll be able to like talk about it more next, next, yeah, next, next, next, Friday. No, it's Thomas. This is very likely the golden meme that the ratio, the golden ratio, when you put everyone, ah, forget it. I asked, we're working our way there. What's the meme? What's the meme? I was, I think you can see it, but you have to look later. All right, I think we're almost to the end this week. It's been a very exciting week. I got on Clubhouse this week. So if you want to friend me on there, you can go to at Mad Biccoins. Also check out our new laptop fundraiser. We got a couple donations. So we're on our way there. You can donate with Bitcoin on chain or with the Lightning Network at tallyco.in. Slash S slash PK9 RS8. And that's about it. I think it's super exciting like Jason has been saying in the chat, this is an essentially a war of the globalists versus the common man. And Jason thinks the globalists will win, but I think we've got a shot. I think we've got a chance. That's 99% of us to be fair. 99% is quite an awful lot. So we'll see how that goes. I have too many screens open. I hope everyone checked it out. Give us a thumbs up and a share, subscribe down below. Check out the t-shirts at shop.worldcryptoneatwork.com. Thanks so much to everybody for joining us today. Until next time. Bye, bye, bye. We have to look at this golden meme. I want this gold meme. It could be pretty intrigued. The golden meme. Golden meme. What is this?