The Bitcoin Group, the American original. For over the last 10 seconds, the sharpest Satoshi's, the best Bitcoin's, the hardest crypto currency talk. We'd like to welcome our panelists, Dan Eave, the crypto raptor. Good morning, good afternoon. Good evening. Good night. Martine Wismer from General Bites. Hello, Bitcoin. Ben Arck from PTC, IOT. Hello, all good evening. Josh Nicola from Vol Toro. Evening. And I'm Thomas Hunt from the World Crypto Network, moving on to issue one, issue one, Bitcoin surges past $60,000 as Coinbase stock market float receives green light from US regulators. Coinbase is going public on April 14th on the NASDAQ. This news may have lifted the price above $60,000 or it could be the usual trading stats of Bitcoin. Dan Eave, what are you more excited about $60,000 Bitcoin or the Coinbase IPO? Well, obviously, it's the $60,000 Bitcoin. I initially thought that the news about Coinbase was with April 14th. And there are some really convincing ones going around. And because I saw it yesterday, I was like, is this real? Is it not real? I think it's positive at the end of the day, because if the SEC, how are they going to ban, why would they ban Bitcoin if they're just about to let Coinbase list? So I think it's positive overall that again, it adds credence to, and as much as we, whether we respect them or not, the regulators and the powers that be, the ones that can hand the slapdowns and stuff like that, the end of the day, if they're accepting of it, then it's, you know, that's a pro Bitcoin move. So I think, yeah, whether you love or hate Coinbase, it's a good sign. Martin Wismer. I think the news was triggered. Well, we've been hitting this 60K barrier for a long time. There's lots of resistance around that level. But yeah, I think it's great for Coinbase. You do see a lot of people on Twitter complaining that their accounts have been closed, that they can't connect to customer support. So I think they do have to hire a bunch of people for the support stuff. But yeah, I think, you know, I did see today on the RTL network, the news network, business news network here in the satellite, that there was somebody really, really negative about Bitcoin and crypto being a bubble and now a platform for trading in bubbles is going live on nest deck and it will fail and it should not waste your time on it. So there, but I think in a way, it's good. It's also good for Bitcoin because it gives Bitcoin more exposure. I mean, every news channel has talked about this, this IPO. So they are good for Bitcoin. There was some of the guys will be really rich for Coinbase. I mean, for Bitcoin in general, I think, business as usual, I don't use Coinbase myself. I do have one of the cards and I used it in the past, but I wouldn't. There's so many alternatives. There's no just need to buy them for extra high price at Coinbase and get not the customer servers you want to expect basically from an exchange. So good for Bitcoin. Good for Coinbase. Thanks to everyone for joining us live. Give us a thumbs up and say hello in the chat. Ben Arck. Yeah, we were mainstream now. Paracelton is a laser eyes on Twitter. Yeah, so we're just just all part of the sign of us going mainstream that the Bitcoin companies are IPO-ing and and think companies like Visa are starting to accept and use Bitcoin in their platform. I think they announced that they were going to start using the USDT stablecoin somewhere in the platform or something as well. So there's a lot of big companies getting involved in Bitcoin and this is what happens when we go mainstream, I suppose. Coinbase IPO-ing is just, I'm sure it's going to be the first of many other Bitcoin companies, which we'll go that way. It's usual businesses as usual when it comes to Coinbase or these people having their accounts frozen and not being able to get in contact with customer support. I actually had to use Crack in, I haven't used an exchange in years, but I choose Crack in for something the other week. It was great. I had a really great experience. I have no idea why people use a service like Coinbase when there's these much better exchanges out there. And on price, it's just looking super healthy. Like we smashed through that 60k resistance. We've got something, it looks like a channel. I've got a chart. Can I share my screen for a second? Well, let's do that. I think I can. I think you've disabled it. Yeah, I can. There we go. Yeah, so to me, because occasionally we get these channels in Bitcoin, we seem to happen. And we seem to have this channel going on here, which we're just bouncing between, it's been happening since the beginning of the year. And you have these moments where Elon tweets something, and we've seen to break through it. But to me, it kind of looks like we're going to, we're going to, maybe the next couple of weeks, we're going to, with a seeming of that. Yeah, we're going to hit the sort of, again, hit the bottom of that channel, and then bounce back up to, I don't know, 70k or something. But this is all part of the journey, isn't it, to, what's our target to engine 40k, I think, if it follows the same pattern, pattern is done in the past when it's had these crazy, crazy ball runs. So, how do I even share this? So, yeah, and it's looking very healthy. It's looking very healthy. I might have a little bit of sideways action, and then for a few days, and then we're going to bounce up towards the top of the channel, sort of maybe towards 70k. And then bounce our way up to a couple of hundredk. So, yeah. Josh Shagalla, healthy channels, happy Bitcoiners? Yeah, I find it really interesting to see a mainstream business, of course, really launching themselves on the mainstream investing channels. So, I think it's good, it'll do good, something good. It doesn't really interest me. I would rather have seen them, ICO, or something more fun in the crypto space. But I like that they're doing it, and let's see, what I don't like is it tends to tie the price more and more to Wall Street, which makes it more manipulatable. But, yeah, because now Coinbase will open themselves up to naked shorting, and all these other things that people can crush companies if they want to. And if Coinbase's stock starts going down, then Bitcoin might follow, you know, wag the tail of the dog, or the dog's tailwags, the dog, one of the other, you know. And so, we'll see what happens there. At the end of the day, Martin is spot on. It doesn't really matter for Bitcoin. Bitcoin just keeps on going. And, yeah, for the price, Martin, I mean, 60K. It's been knocking up against that door for a while. It keeps going up there, having a sniff, and then talking about dog, keeping the dog analogy going. And then heads back down to 50, goes back up, has another little sniff and a scratch. And now, yeah, I think it'll break through. You know, this is pretty mainstream positive news. What I would like to see in terms of positive news is more lightning adoption, more people using lightning. Yeah, stuff like that. Ben just built this epic thing for us at Valtteri. We can just get, get, get sats by reading the articles and, you know, having a look through them. And we randomly put these, these little QR codes around the website. Now, I mean, people, and this sort of stuff is really what brings value to, I know that this is what the argument of people at Roger Verres, where, you know, you need people to use it, you need, but I agree with him on that front. You need people to use it. I just didn't agree on the scaling solution that they wanted. Yeah, so I, but, but I'm sort of going off track. I really do like the idea of measuring maybe nodes instead of price, nodes on the network, something like that to see real, real value and the growth in value, above and beyond the store value. So, store value is one way of getting value, but I think the, the other source of value is the usability, the amount of people actually using and transacting in this thing. Of course, Josh is reminding us, why does a dog wag its tail? Because the dog is smarter than the tail. If the tail were smarter, the tail would wag the dog. Moving on to the exit question, the price of Bitcoin this time next week, higher or lower, and bonus, would you buy the coin base IPO? Dan Eve, higher or lower? I'm going to stick with my guns and I'm going to build on Josh's analogy of dogs, and I'm going to say, you know, logically all dogs go to heaven, thus Bitcoin will go to the moon. And I'm going to stick with my 65K, because I think it's going to happen soon. It's going to go to 65K up again. Martín Wismer. I think we'll remain in a sideways pattern for a while, so it will still hover around to 60K, but it will probably be just below to 60K. That's my prediction. Ben Arck. Yeah, the bulls loose. We're going to shoot up now with all these big financial institutions getting on board. The Trojan is well in, truly behind enemy lines, and the price is going to reflect that. And smashing 60K gives us a good resistance to work from. Josh Shigala. It'll be probably up. It might retest that 52, like Ben's stated before. It might come down and retest that. But yeah, trading for me is all about chances, so it's not just, it will do this. It's like, for me, there's probably like 60% chance of going up and 40% chance of going down, so I would make the call on along. And now the seer of Seer's prognosticator of prognosticators, the Magic Bitcoin 8 Ball. Will the price of Bitcoin be higher this time next week? Signs.2 Yes. Signs.2 Yes. The ball has spoken. Bye now. Issue 2. Goldman Sachs is getting close to offering Bitcoin and other digital assets to its wealth management clients. The bank aims to begin offering investments in the emerging asset class, emerging 12 years ago. In the second quarter, Goldman is offering a full spectrum of investments, including Bitcoin and digital assets, and they feel like we're at the dawn of a new internet just 12 years later after we were at the dawn of a new internet. Martin Wismer, welcome to Goldman Sachs or too little too late. Goldman Sachs is one of the top 10 private banks in the world, so they cater to the ultra-high net worth. And those ultra-high net worth, they have at least 30 million dollar spendable income, so not accounting the supercars and the nice Hollywood hills mentioned and all. Of those ultra-high net worth, most of them have already allocated 1% or more of their portfolio to crypto or Bitcoin specifically. So they're all clients at one of those top 10 private banks, including Goldman Sachs, and with 1.8 trillion dollars in capital that they manage. It's just like what was it two weeks ago? We talked about JP Morgan, and this is exactly the same story. It's their clients asking the bank like help us get exposure to Bitcoin. If you don't, we'll find different ways, but we might find a different bank in the future. So it's not that they're like experimenting and seeing the future. It's no, it's their clients catching up on them saying like, hey, get me my Bitcoin. So yeah, it's good for Bitcoin, and it's because the price will go up Goldman Sachs. I don't think I qualify to be part of their private banking solution. So yeah, don't care. I favor the banks even when they bring gifts. Ben Arck. Yeah, I agree completely. They work for their clients, and all these, this is why, you know, even if it's a bit cringe worthy, Paris Hilton with her laser eyes on Twitter. You know, their clients are looking at Paris Hilton's Twitter profile, and they're looking at Elon Musk with his tweets, and they're thinking, well, I want to get on board on this Bitcoin thing as well. It's a little bit scary holding it myself. And this thing, which is investing, you know, 25 or 30 plus of my million plus of my capital, I want that to now cater for me wanting to get involved in the Bitcoin ecosystem. I was very impressed with this Mary Rich, who was quoted a lot in the article that I think works for Goldman Sachs, leading the department for these investors. She just seems incredibly young, looking, but very wise. Or maybe that's what they need. Maybe they need young people to be able to predict, you know, what the current trends are in which direction, things like the internet are going in. But one of the quotes I really liked was that she said, she felt like they were at the dawn of a new internet, and people are looking for ways to get involved in this space. And I liked that because it wasn't, you know, they were understanding that Bitcoin is going to be the backbone, a very important part of the new internet, which we build, the new digital world, which we build. And just like Josh said, which I really liked the little thing we worked on for Voltoro, which is, you know, it's almost like a little advert, which you engage with, and then you get some stats. So you're able to, rather than companies, well, because if you want to advertise your product, rather than you having to, you know, pay some company, which is going to stop people online, socially heard them, and then you can advertise your product to them. You can just reward users directly for engaging with an advert. So it's going to, the ability to do these micro payments is going to have a very profound impact on the kind of advertising capsules, which exists, and is the way in which the internet is able to sustain itself with all these services. Well, that's going to change with the micro payment infrastructure. And that's really exciting to see. And it's very young seem to understand that. And this great, sorry, Mary Rich seems to understand that. It's great to think of her going to these meetings with her, their investors, and explaining that, explaining that Bitcoin is going to be part of the new internet, and possibly understanding things like the micro payment infrastructure being built out with Lightning Network. There was another great quote, but this was from FatStacks, Nova Gratz, who's in the article, and that we're just in a very nice and stage of this ecosystem. And I'll expect to be a big part of our future. So I mean, obviously he's a big, Bitcoin shell, and has been for a while, but this was contrary to what you just said, Thomas, they are looking to the future, oh, sorry, might, they are looking to the future, and possible future, what they need to build towards, and I imagine that is prompted by their client's interest in Bitcoin. But yeah, it's great to say, it's great to see that they've got someone in Goldman Sachs, the person they have in Goldman Sachs, covering this area, seems to understand Bitcoin for more than just, you know, mood and they're filling your bags. Josh, Shagala, Paris Hilton with laser eyes technology, is that all we needed? That's all we needed. Now, the thing that's that I'll be really interested in watching closely is what happens when Bitcoin goes down, like crashes by like 13% on a Saturday, and they're like, speed dialing their Goldman Sachs and saying, get my Goldman Sachs out of that shit that's falling, and I freaking out. I wonder how like, papery their hands are, or how, you know, diamond, either they are. One or the other, I'll be interested to see, because when you've been through a couple of, like, these major investors, they're very good at, you know, diversifying across and having 1% here and then. I don't know, like I'll be interested to see if they are really diamond hands sort of holders. They understand, look, this thing goes through boom and busts. It has it has over and over again. It's going to again, just like the sun rises every morning. It's going to do it again. So yeah, let's see if they've educated themselves or if they're going to freak out, because I got to say, I'm pretty sure Elon would also sell. Like, if he's made $5 billion, he's not an idiot. He's going to sell some crypto and then wait for it to go down. And if he starts seeing there's a top, you wait, I want to also what micro strategy is going to do. Are they going to, because, you know, he's sitting there, you know, really going on and on about all the stuff that everyone, all of us, oh, geez, have talked about for years, all the big points, all the talking points and everyone goes, oh, wow, what a genius. No, I mean, we've been saying this stuff forever. He's just the newest guy with a lot of paper sitting around. But what happens if that, if that's thing starts to crash a little bit, I'd like to see him saying, well, I'm going to take some profits here. I mean, you would have to be an idiot. And these people, after profit, they're not after having a decentralized money system going, going there after profit. And anyone that thinks they're not, they're there for like, yeah, we're going to hold with our diamond hands so that network doesn't crash. No, they don't care. They want, they want someone else to hold the bags before they do. So just be careful. It's starting to get very, very frothy with these people. And I'd rather the little guys get a little bit out and take some profits before these guys do. Because once these guys do, it's going to go bomb, bomb. We're going to see a massive correction because we've have these big players. And a big place of good on the way up, they're fun. It's great talking about it. Well, now we've got these people and that people and Goldman's big sacks. But you know, it's, it'll get, it'll get hairy on the way down, especially for those guys. Let's ask Josh's question to the rest of the panel as an exit question. Are the banks are friends for life? Do they have diamond hands? Or are they short term profiteers just looking to get out when the number goes up? Dan Eve. They're profiteers. They're going to have like a team that are analysts like, you know, doing triangles and, like, lines and stuff on grass. And they'll be jumping up and down, saying it's, you know, with all the signals and stuff. And then maybe that information will disseminate down to the fund managers or whatever. But I think one of the, I like the comment in there that, because it's obviously everyone knows it's a financial, you know, that it came out of the financial crisis. But I don't know. I found that people kind of don't like admitting that when they're talking about Bitcoin before, the mainstream media, they kind of almost played down how bad the financial crisis was and said, well, you know, it kind of didn't come out of it. It was, you know, it's almost a side thing. Like, don't give it a good, you know, a good reason to be around. But you know, they said it's a new kind of money that emerged out of the wreckage of the financial crisis. And it was an absolute wreckage. And it exists there, and it exists now to connect people around the world with Peter, Peter Payments, where, you know, obviously, it's not quite as cash and transparent as it is at the, you know, sort of transparent, cash kind of micro transaction base. But with Lightning Network, that stuff, you know, that's growing every day. But the customer's wanted to hedge against inflation. And why wouldn't you? Like a Mars bar in 1980 was 15 P and it's 60, yeah, it's 60 P now. I mean, that's not even the worst side of inflation. That's just like almost a cheesy, cheesy example. But the dollar, the pound, they all go down compared to compared to, you know, other, other assets. And it's just not worth keeping your, your money in fear. It's, it's simple. And it will be interesting. Again, as we've, we've, we've, other people have discussed about the, you know, the 30% 40% drops, and then suddenly the customer base is going, what the hell is going on? You know, I've just lost, lost 40% overnight. And that's probably why they haven't opened up the floater to the, the poorer customers, you know, the, the customers already is right except the poor ones, because they'll have the staff to man, just the, or man or woman, the phone lines for the rich people, but not for, you know, Joe and Jane and their carrot and everyone else. But hopefully this will help with things like, you know, thanks stopping, shutting down accounts, you know, once the, once Goldman Sachs are kind of okay with investing in it. And JP Morgan, then, then that make, make, make other banks less likely to shut down people's accounts for pretty much no other reason, other than just being in or around Bitcoin. Sound as the pound, and that sound is the brown sound. Brown sound of Mars bars, I like the Mars bar index. I follow the Fredo index. And R30P can believe her Fredo is not JP. It's very true. So, let me show you. So, maybe three eggs up though, really. Should have helped those Fredos. Should have helped those Fredo frogs. Let's go to Martin Rysmer. Will the banks be our friends forever? Having worked as a bank in the past in my dark days, I can assure you that they are never your friends. You are their clients. Don't count, see them as friends. Then might be right, maybe in the future they want closer account because you are trading crypto, but don't see them as friends now. And yeah, they'll sell, they're their for a profit, just like Elon and all the other big guys, Perry Hilton doesn't care about financial privacy. She just cares about, you know, the money basically. So, I think her family office probably said, put on those laser eyes, you own Bitcoin now. So, what is the laser eyes? Oh, it's a meme. Oh, yeah, cool, I'll join the meme. So, it's no, no, no, no, don't expect any decentralization or innovation coming from the banks or from the high net worth individuals. I think even the ATM at the time, you know, the cash in overall, there was not invented by a bank. It was invented by a company, supplying technology to banks, banks. They don't make anything, they never invented anything. They'll argue that, yeah, they make money, but they're not really physically making anything. So, no, they are not your friends. Keep this in mind, even if the price goes around the K or I. As Dan was saying, I really do feel sorry for low information consumers, people who have to rely on CNBC and other services because when the price of Bitcoin was down at around $3,000, CNBC took the ticker away. They stopped talking about Bitcoin and they put it away like it was over. That was the time when you needed to buy. Now, when the price of Bitcoin's over 50, 60K, CNBC is talking about it every day. They're having CEOs on their shows. Bloomberg is interviewing my friend Jesse from Kraken, right? I'm not saying this isn't the time to buy, but it's like we've ridden a roller coaster and many of us have been on this roller coaster for a long time and it's crazy. Every time it goes up and down, you can't believe that it will go up again and you can't believe it'll go down again. The media disappearing doesn't help. But yes, these people are seeing a roller coaster near the top and now they're getting all the information. Wow, roller coaster near the top. Wow, you should get some. Sadly, I feel like the guys are saying they're going to go up over the top of the roller coaster and they're going to be really happy for a short amount of time. And then they're going to be sad and they're going to be calling Goldman Sachs on the weekend and in the evenings and they don't have any service then because their market closes. They even create artificial imaginary closes for Bitcoin, the close of Bitcoin today and then the market just keeps going. Yes, you have to worry about these people because they don't have any information. The information that they get, like they're trying to do due diligence, they're watching CNBC, they're reading these business things. But when it's up is when they talk about it, when it's down, they don't talk about it or they say that it's dying. So I understand why these people make so many bad decisions compared to from the other side where you're like, oh, Bitcoin's just really cool. I just wish I had more and then you know, you're broke and you need to sell and you wish you had more and up and down or all this. From the other side, they just, they have such a bad information. But this is this is with with, you know, I mean, that's a lot of us as being tarnished by living through, you know, a very unregulated market with a bunch of people, you know, what they're doing. Like this is Goldman Sachs. They're not going to let their customers invest large proportions of their worth in Bitcoin. It's a high risk volatile asset, which they're just asking to get involved. This is also a package which isn't buying Bitcoin directly. So it's a, it's a, another sort of financial package. So they're limiting the, you know, the crazy price fluctuations by that. But, yeah, I mean, I was very impressed with this, but I mean, I don't believe I'm playing the one sticking up for the filthy capitalist pigs, but I was very impressed with this very rich in what she was saying about how it's going to be an important part of the future internet. And I think that's why, you know, that's the, she, they're there to advise these customers with this 30 million dollars they want to plus they want to invest, you know, they're getting probably better information than we are. You know what, Ben? This is a PR thing. They don't want Bitcoin to crash after they've bought it for all their clients. So they're going out. No, absolutely, but they're buying, they're buying a small amount. They're going to say to their clients, look, this is a very volatile asset, but we do think it's important for the future. So if you want to get involved, you know, involved in investing it, you will have to accept that you, you, you, and they'll have to justify that decision which now making. And I'll also have to justify when the price goes down substantially as well. So I actually think they're going to have much more diamondy hands than, than, than you're going to give them credit for. I think they've waited so long. It's like the child is there pulling on the, the dad's jacket, invest in Bitcoin, invest in Bitcoin. And he said it like a dozen times for years now. And now finally, you know, gold ones in JP Morgan's in the bank from America's in and the dad's like, okay, you know, I'm finally going to do what you said. I'm going to invest in Bitcoin. I'm listening to you, but really you're not listening to him. He's told you a dozen times for a million years. You're listening to these banker people who are Johnny Cum LaTleys, who like Joshua saying, Michael Saylor, he's become a big bandwagon leader since he invested, but he was against us before. Mark Cuban Dallas Mavericks, big bandwagon leader says that Ethereum and NFTs are better than Bitcoin, but he was against us and against us and against it. Elon Musk owned a quarter of Bitcoin because somebody gave it to him. And it was a big joke to him for years. He's always like, oh, yeah, I own a quarter or somebody gave it to me at a party. Ha, ha, ha, ha. And meanwhile, you're looking for information from your hero Elon Musk. He tells you nothing. Now Bitcoins through the moon and he's telling you Dogecoin. So it's just very hard for these people to get any kind of information. And certainly the Bitcoin people sound like maniacs and people who are mad at me the other day are like, we scared they scared JK Rowling away. And it's like no, the internet scared JK Rowling away. It's not Bitcoin or it's the internet. It's just how things get. You can't be like, I went to a public forum for financial advice. I didn't get good advice. Well, no shit. It's a public forum for financial advice. You know, the glazed over eyes. In 2015, I think it was to them. Maybe it was earlier. Maybe it was later. But we all as a community, we all gathered around to battle the bear whale, which was this massive whale that was just dumping and dumping and dumping the pride. And then we're like, buying and buying people were like, come on, you're going to buy these banks. They're not going to sit around and try to battle the bear whale. They're going to just help the bear whale and short the thing and make money for them. They're not going to sit there and go, we've got to save the network. The net, we've got to prove that the price can stay up. No, no, they don't care. So yeah, they're definitely not your friend. Yeah, I think Josh is right. They're going to follow the narrative. Whereas Bitcoiners want to follow the narrative that we're making digital money and it's constantly improving and that's why it goes up and all this. The bankers are like, there's an anomaly in our system. These computer keeks have made a bunch of money. We want to join in and make money to, we want to charge fees, and we want to do all our bank or business. But we don't care whether it goes up or down. We can short it on the way up. We can long it on the way down. All the opposite things we can do, it doesn't matter what the thing is. And I think that's part of a real big problem with banking and something that you start to get to when you watch movies like The Big Short and things like that, you're like, what is the point of this? Like, why are you doing these derivatives? You're very smart. You have all your math and your quants and your crypto quants and your whatever. But why are you doing it? It's like to make humanity better, to go to Mars, to feed people. No, no, we just, we just make money. We just make endless endless endless money. We're very empty inside and we keep looking for something to fill it and try to fill it with money and we just keep getting more money. And I think people are getting tired of that. It's becoming very transparent. It doesn't fit with a conservationalist attitude towards the planet or its resources, which is a fixed set of resources. Right? Everyone's on the planet. Everyone has air. All right. We've gone too far. The exit question, who will join Goldman Sachs? Give me a bank, a business, a company, a country, a category of things. Who's coming next that gets us excited enough to feature them on the show? Martin Wishmeier, who will be next? You're muted. I have to admit. Yeah, it's muted. Okay, I was muted. Sorry. I think the next person to or company to join, it will be one of the big banks. It will either be, let me see on my short, less city bank or created Swiss. I wouldn't be surprised if they joined. Maybe Wells Fargo, they got 1.6 trillion in management and their management, maybe Merrill Lynch, Morgan Stanley, or did they already join? Morgan Stanley. They pretty much joined. JP Morgan joined. Okay. And I think you'll be the Swiss bank. I think one of those will join too because Declan's are asking for it. So yeah, Bill Simmons. I liked where Martin was going. At first with the names. I was thinking like Katie Perry, Lady Gaga, Beers Taylor Swift, maybe Cher, Madonna, some of the single names. But sadly, I think they're all more likely to get into NFTs. Dan Eve, who's accepting Bitcoin next? I think it would be cool if it was a big retailer or something. Obviously, the US is Walmart, Costco, and Walgreens, UK, Tesco, or something. I just think it would be cool for adoption, especially if they use Lightning. Imagine that. Tesco rolls out Lightning. That would be sick. That would mean that it just puts it in other everyone's faces in a place where they go once a week. Obviously, you can avoid Bitcoin if you really try. You can hide keywords and escape it because you missed the darn boat. And you never want to hear about Bitcoin. But if it's another payment till Tesco, corner store, whatever, then yeah, I think that's really going to accelerate adoption. So yeah, I'm going for someone, a retailer or going on the Tesla thing, another company, a Tesla, I think they sell like half a million cars a year or something. So imagine someone coming on like GM, GM, GM, Stedger, or Moe's, GMC, or I don't know, four or four to own by general motors. I don't know. Anyway, a big car company just coming out and going to be like, well, screw it, we're going to accept Bitcoin too. And we have millions of sales a year. So yeah, I don't know. I'd like to see either a car company or a retailer. A big retailer would be pretty impressive, even if they just had like a lightning savings plan, like round up your bill, save those cents into Satoshi's every time. And then you could watch them grow or not grow as the market goes. That would be fun. Ben, Ark, who's accepting Bitcoin next? Lighting with the thrive. We've had a resell adoption like that. Maybe with sat-spak, like you say, or maybe just be able to buy products from a big retail shop. What's great? I adore about light-lightening network as well as if it can, you know, you can take it because it's relatively small now and you can scale it up. And it will work. There's no reason why it won't just be stronger. If the bigger it gets, the stronger it gets. There's nice big fat nodes people can connect to. Bank wise, maybe Deutsche Bank, because they're going to run out of gold, their space is based to put their gold. HSBC, so the Mexican car titles can earn the money, maybe. But no, a big retail adoption would be nice like Amazon or something, adopting Bitcoin. There was a period where there was like rumors Amazon would be going to launch their own thing. That's what's great about the sort of environment we're now. People are starting to realise that burning their own coin is kind of goofy and stupid and the waste of time and they should just use Bitcoin. Never! And Rx is going to get some of those fat nodes later. Josh Shagalla, who's accepting Bitcoin next? Mickey D's. Go on, McDonald's get amongst it. It has to be lightning. It can't be anything else. I would be surprised, I think, rather than that, they would probably, maybe I'm just going back exactly what I said, but they'll probably create their own points. McDonald's points or something can be allowed to pay with that, but I'm not sure. I mean, it makes total sense. When I was a student, if you replace the S with a dollar sign, it's like a crypto hacker thing. McDonald's dollar sign. Yeah, when I was a trade market, I had Bitcoins. I was super, super poor. I didn't have any money. I went to Sydney to get my first job after school. And I had one thing and that was a really nice new Epson printer. And I went down a burger king and they had like, you know, you stamp like 10 of these things and you get a free big Mac. So I got a whole bunch of those cards and then in Photoshop, you know, knocked up the stamps and I thought, this is what it's like to print money. And so I probably shouldn't tell that story live on air, but it was a long time ago, folks, and you shouldn't do that sort of thing. It's just it was, yeah, it was amazing though to see that that sort of thing is probably not, you know, that's what would allow people to not do that. It's getting late here, folks. My brain is starting to switch off. But if they had a cryptographic version of those cards, then I wouldn't have been enough to do that. Well, McDonald's would be a great one because it's not very far from there to straight up banking. Once you can send someone money for a big Mac in another country, what's the difference between sending them $2 or sending them a big big Mac, which is I'm sure the company is looking for as well. I'm not surprised I didn't hear it here with such an international audience, but I'm going to go with the United States Post Office. People don't know, but in the beginning, the Post Office offered banking services. Yes, you could send and receive money at the Post Office. You could have a bank account at the Post Office, and they could do it again with no infrastructure costs. If they simply used Bitcoin as their backbone, the Post Office could be incredibly profitable, competing with other businesses, just like the Republicans want, a profitable half monopoly business competing with everyone else. That's just what you want, right? That's the perfect kind of half-state, half-corporation running around the world doing whatever it wants. But yes, give the power of postal banking back to the Post Office before McDonald's or Walmart or someone much smarter than them. We realize is that they could run Bitcoin as a backbone, cutting the costs of such a service immensely. Moving on to the next issue. Did you know the World Crypto Network has its own audio podcast and you listen to it on Apple iTunes, Spotify, and other places where audio podcasts are heard. I haven't updated it most days this week. And check out WCN Clips on YouTube. We need more subscribers. Look, they got one more subscriber right there and you can hit the bell for notifications. WCN Clips has all kinds of fun clips. Josh has got an editor guy making it, and he just learned how to do cool new thumbnails. So you can catch clips from this show and the World Crypto Network on WCN Clips. And if you're looking for something to do to help us out that doesn't cost any money, you could share these videos. Share them on Twitter. Give them the thumbs up. Subscribe. Share them on Reddit and Bitcoin talk. And where every guy's hang out. NFT talk. I don't know. Moving on to issue three Bitcoin mining difficulty. It's a record high. Listing miners with surging stock prices will now have to compete harder. Yes, I guess it's all over for Bitcoin mining time to give up. Too many people are mining. I guess that everyone's done with Bitcoin now. That's what the article headline leads me to begin to believe Ben Ark. Crypto mining uses too much power. Too difficult to do. I guess we should just give up and go home. There was a nice, for the lightning hack sprint last weekend. I was a really nice piece by a group called SNEPPositive.Money is the website. And they're trying to address Bitcoin's carbon footprint by offering some sort of service to offset your carbon footprint. I thought it was quite a nice idea. Obviously the best way to offset your to use Bitcoin in an efficient way. Carbon wise is to do as many transactions off-chain and lightning network as possible. And then reserve those filthy stinky on-chain Bitcoin transactions for big purchase and moving big amounts of money around. But this isn't really a graph topic. Hashrate seems to me like every week or so. We've hit an all-time high. I've got a major sense of days of use. I'm going to share my screen again if you don't mind. So let me have a look. A bit of Bitcoin hash right here. All right. We've just been going up for like years. Bitcoin hash rates just been flying up. But the zoom things like ruining my ability to be able to see this screen. But you can see here the hash rate just firing up. So no wonder we're covering it every week because it is hitting all-time highs pretty much every week. Because more and more people are starting to realize that Bitcoin is incredibly useful. It's price goes up. So you can mine it now relatively cheaply and then in the future it'll be worth a lot more money. The amazing thing in this article, which we're talking about is the cost of the premium in mining hardware. It's like up 600% or something. So getting your return on investment on that hardware is going to be tricky. But now we've started to see the past year. Countries getting into mining. These major hash rates spikes if not directly countries getting involved in mining could be involved. Could be countries via a proxy of some sort starting to dip their toes into Bitcoin mining. So yeah, it's just going to keep going up because Bitcoin is useful and people think it's going to be worth a lot in the future. So it'll just continue to hit all-time highs. If you want to bring that chart up again, Ben, I just want to sort of put it into people's minds of what that means because it's insane. If you go back to around about 2000, just before 2017, like kind of where that BTC is. It's amazing, isn't it? Yeah. Around about there is, I remember someone calculated how much hash rate it would add to the Bitcoin network if every single bit of hardware that Google had, which yeah, granted it's not specifically hashing hardware. It's just generalized computing hardware. And if they pointed every single CPU they had at Bitcoin, it would add like less than 1% hash rate to the network. And that was back then. And this network is so extraordinary powerful. I mean 144XH, like it's totally incomprehensible now how tough this network is. It's insane. It's absolutely insane. The amount of computational power that's going to happen. Now what's cool is if you do make a transaction then all those computers are working for you, secure your transaction and your money, that all that hash rate, all that power, all those extra hashes for you. Yeah, amazing. I don't know how to show it. Oh yeah. All right, so Gala, your thoughts is everyone going to quit mining Bitcoin because it's just too hard. No, but you know, I can see where large players are finding it's going to get hard to buy Bitcoin, I feel like if it's larger amounts, so people like Elon Musk is mining Bitcoin by basically selling his cars for it and getting it at spot. So that's the way to get Bitcoin is to start offering services for it and offering your service for it out there and accepting lightning network payments as well. But yeah, a bit of a roundabout way of answering that question, but yeah, now it's never too hard. You can always calculate away, especially if you try to find, and this goes for the at-nausem concept of being green in Bitcoin, but it makes you want to look for cheaper and cheaper and better ways of creating energy. That's all it does. It heads people to green land and such that have thermo, geothermal power and such. Dan, Eve, will everyone be replacing their gas-powered crypto raptors with electric ones? I think, I think, well, I don't, as long as it's renewable energy, otherwise they'd be like bad for the environment and stuff. But I'm going to go, because I'm awful enough about the greenside things. I think we're past the argument now, there's loads of reshots that shows it's like 30 to 40% renewables, which is pretty good. So, I'll roll with that. Maybe the source is probably slightly biased, but I think it was actually the Cambridge. It's literally called something like the Cambridge, we're not trying to be biased, like studying or something. So hopefully they work just like that. I think it's definitely just that. But just, okay, forget about all that stuff. Some interesting stats, because actually, God, a bit of a photo chart is really cool. I don't know how many of you as well, I was prepping some up. And I think that something that we need to look at is the call stats. And so there's just under a million active addresses over the last 24 hours, actually, it peaked around a million in 2017. So it took a while to drop down a lot and it's gone back up there. So I think that's really good. It shows a big sign of network adoption as well. And at these active addresses, and in mid-2020, also early 2020, it was only 550,000. So there's a lot more, the main true intention that get Bitcoin's getting is getting a lot more actually usage out of it. The largest transactions, the 100 largest transactions over the last 24 hours, so it was 693,000 Bitcoin, which is 40 billion. These numbers are just so insane. They're just incredible. And when else was I thought was pretty cool, actually? The other, I remember looking at mining profitability, and it was, you know, at the moment, it's .3298 USD for one terrahash. And back in, like, when I first heard that you could mine Bitcoin, I put my twin 680 GTXs towards it, and then I was like, oh, that's terrible. So then I put an order in for butterfly labs that never came. And that was terrible. And then I bought some blocking rupture crooks, and that was terrible. And I had all these fancy spreadsheets about how long it's going to take me to, and all I should have done was just buy Bitcoin with it. I should have just bought the Bitcoin and not bothered, you know, at the time. But anyway, yeah. So check out Bit info charts. That was then what Ben was looking at the X hash rate, which is currently set. 162.684. And a difficulty of 22.9 trillion. That's just incredible. But it's got some really cool stats. And if you want to look at other shit coins, it's got other shit coins too. If it tickles your gizzards. Our team, if it falls to you to explain to the media why Bitcoin difficulty rising and that it's harder and harder to mine doesn't mean that everyone is just going to give up because it's too hard. No, I don't think so. I just read the other day on, I think it was yesterday on Yahoo Finance. There was an article I think was written by CoinDesk that last month, miners saw a monthly record of one and a half billion dollars in mining revenue. So even though it's extremely hard to mine a Bitcoin, it has never been more profitable. This is really like a record. So this is the reason why we're seeing a huge increase in hashing power is that everybody is just digging up those old miners and switching them on because they want to squeeze as many Satoshi's out of that network as possible. And another thing is that the, you know, George or the graph that Ben showed and there were Josh pointed out that in 2017, even though it's just a blimp on the graph, this Bitcoin network was already so, so secure that we really don't need the extra mining power. But the way it's organized, it's all works, is that, you know, everybody will want to get their piece of the pie. So difficulty goes up. Number go up technology. So for this reason, everybody is just mining and they really want to have those those mining income things. While if you look at the miners themselves, they basically sold most of their inventory at around 30K, 35K or so. So that's where they, the miners were really, really selling all their, all their holdings of crypto. But they've, I don't know how, how or why either they expect the price to go up or they managed to secure funds from elsewhere, but they've virtually stopped selling crypto or Bitcoin. So the miners are hoarding crypto. Anything they make, they're keeping it. So they, they either know something or they just speculate that the price will go up, which is likely. And another important thing to, to, to realize is that new mining equipment, which will be faster and more efficient, will not arrive until, well, December, November this year, January next year. So there is, there is like all this time to continue mining without the fear of having to replace your equipment, because new, more powerful equipment is hitting the markets. So this is, this is the time for the miners to do whatever they do best. And is dig up the digital gold and keep mining. So no, the price difficulty up in this case doesn't mean that the mining will stop. Personally, I wouldn't want to start mining again. You know, that's what I did on my old Acer laptop back in 2010. And I just worked for, for, for, for Bitcoin instead. Like Tesla does, you know, they get, get coin at spot market rates by selling cars. And I think this is, this is the better way to, to get Bitcoin. But if mining is your business, and you've got a whole bunch of equipment lying around, that was the time to switch everything on because nobody is going to out, out, out speed you or, you know, out hash power you until the end of the year. So yeah. Yeah, there's also, I got to say, like in terms of mining, of course, there's all other, other cryptos as well. But like, for instance, the theory of mining, there's not just the, the blocker word, a lot of the miners are front running these decentralized exchanges by allowing trades to go through or seeing a trade come into the mempool. And basically doing some clever jeigery, pokery to get around and, and really profit from front running the exchanges. So, you know, there's, there's just more and more stuff. If you're a clever miner, right now, like Martin said, right now is the time to get in and, and mine. But if you're like, the, the normal person like me or, or who cryptorept as, as he said, it just buys some Bitcoin. I tell you not, not mining is a joy. Do you hear that right now? You can't hear the miners. Like, can you hear the movie? Can you hear the music? Know all I hear is, wow, wow, wow, wow, wow, wow, wow. So yeah, it's, it's awful. Nothing is good about mining at home. Everyone's like, I can get a computer that makes money. No, no, no, rar, rar, rar, is what you get all the time. But everyone's like, no, the money. Exit question, bonus, environmentalism time. Are you in favor of carbon offsets for Bitcoin? We can't clean up our mess, but we can pay other people to plant trees for us. Ben Arck. Yeah, I know. I mean, if it's ours, an option, people can use it and some of these carbon offsetting charities. They do good work. I know net positive money have been in contact. In fact, I was sort of trying to convene a few of these people because I think OpenNote provided a really good service for onboarding say a charity to accepting Bitcoin donations. And it can be done over lightning. So you haven't got this carbon heavy on chain transactions, you know, on chain transaction can become tens of thousands of times more efficient if using lightning transactions. If you're going to just squeeze all those lightning transactions into one on chain transaction. So OpenNote provided a really good service. And the first 10K transactions are free. They offer a discount to charities. So it's like half a percent transaction or something. And they also cash out to to fear, which is what a lot of these charities want. So there's some really interesting carbon offsetting APIs. Cloverly's got a nice one where it has, you know, you can calculate the amount of carbon through their API. You've used on say a plane journey, for example. And then, then, you know, make a donation and that donation goes to a whole bunch of different charities to be able to offset that carbon. They were in a really good service. I should say about maybe making something for Bitcoin 2021, like some sort of like screen pointer sales thing where you could like put in your flight details. And then it would come with an invoice to prepare on lightning. And then that would then somehow go through this like Cloverly API to the charities. I think carbon offsetting is, you know, it's like a dumb solution. And yes, we all know that Bitcoin, like the images renewables, blah, blah. But it is also filthy stinky and people might using coal power. So whatever. So yeah, carbon offsetting is another option. It's great. And I look forward to there's no services currently out there. And my, my boggles as to why, because there are, you know, despite what you may think, there are plenty of Bitcoins. You're very conscious of the carbon footprint. And actually, I think the statistic was that to offset your Bitcoin transactions, I think it's a small amount. It's like a half a percent of the cost of a Bitcoin transaction has to go on off-saying. So it could be something, some mobile wallets even have us an option, you know, you just, yes, please offset this transaction boom. And you just pay a little bit extra. That'd be cool. So yeah, I'm all for it's an extra choice. And, you know, the market needs choices. Josh Shagalla, can I buy you a carbon offset? Yeah, I mean, I don't mind it. I mean, I, I'll, you know, reap the oceans of all their fish. But don't worry, I've got a fish tank at home. I'm going to put some fish in that offset my fishery exploits. No, but it's, it's obviously good to plant trees. But, you know, one of the thing is that we, we, these old growth forests, they're not going to be like made better because we plant some trees. The biggest thing for me is plastics. Can we just remove, can we just do something about plastics humanity? Can we just think about that for a minute instead of global global warming? You know, plastics man, Jesus, it's just ridiculous. Oh, yeah, let's take 10 seconds to drink this drink out of this thing that's going to last in the environment for a million years. That makes sense. And let's do it every day. I mean, well, come on, this is something we can solve now. And no one can say it's not a bad thing. They had a character on the politician TV show on Netflix. I started watching recently. And it was kind of supposed to be like a caricature of the plastics thing like she went totally renewable and she wouldn't buy anything in packaging. But it also made sense. It's just ridiculous. Like, for example, you look at the grocery store. We used to buy our lettuce and we would put it, you know, again, in a plastic bag. But now the lettuce comes in a plastic box. Certainly the box must be harder to make than the bags. And certainly bags are bad as well. And you know, she they showed her bringing her little glass bottles to put, you know, our nuts and other things. And it made a lot of sense. It seemed very inconvenient, very hard to do, very hard to switch society over. Even I was boggling like, do you have to bring an extra glass bottle so they can tear the bottle, the weighing issues being like a total weirdo, having to dump your stuff out at the check stand like no one wants this. So the idea that Josh is talking about like we get this one use plastic, you know, and we get many one use plastics every day. And then they don't go anywhere. This is this is Bitcoin is divercing the fact that Bitcoin causes massive heavy carbon footprint. So what about plastics instead? I blame the plastic. It's nothing to do with Bitcoin. Let's see who hasn't talked yet. Dan, did you talk about a watch? But the carbon, I mean, you know, you can you can do it. I kind of see it as a virtually virtually, virtually, secondly thing and also kind of a because you know, if it's just planting trees, you know, that's kind of that does obviously do something, but that that doesn't solve, you know, the fact that if you're for example, you're Bill Gates, you pay for carbon, you've just kind of private jet that pump the fumes, the fumes are the bad thing, right? The fumes are the thing that will moan and you know, I'm not saying moan is justified, you know, you've got to breathe in. So you're kind of, I don't know, this this idea of money being able to offset your your bad, you know, the things that you're doing that are bad and allowing you to do them anywhere, I just kind of think it's a bit hypocritical, but why not? If you're money, if you're going to do that crap anyway, you might as well. Yeah, I'm not going to lie if I had a private jet, I'll be riding the damn thing later like, you know, I'll probably pass some trees as well. But yeah, the more green we go, the better image it's going to be for Bitcoin anyway. We're also joined by Redolfo from LA BitConf. Redolfo, we're talking about Bitcoin mining, how difficult it is and carbon offsets. What do you think should Bitcoin miners and Bitcoin users buy carbon offsets to offset their potential damage to the environment? Yeah, actually, I consider that avoiding an industry that it's very energy intensive. It's a mistake because energy is what, I mean, we have a lot of energy available in the world. Yes, energy is everywhere, but we what we need to learn is how to how to make more efficient the conversion of energy into electricity. So I consider that actually this kind of industry is the one that will move these technologies forward to bring more efficiency in the world. Beyond that, the carbon impact, I think that many of the, that is a problem today, but I see a lot of mining companies that are going towards a zero, zero percent carbon effect these days and this is what we will see even more in the future. So I consider it's like a problem now. I think it's not a problem in the long-term plus. The fact that this kind of industry will be a industry that moves the state of the art of energy conversion to electricity. So I think it's nonsense to avoid it now. Martin, your thought. Sorry, but the idea of carbon credits and offsetting my Bitcoin transaction is just three hugging hippie shit in my opinion and it smells like an enrom type of scam and really I'm not falling for it. Josh's plastic argument, I think it's very good because here in Portugal I haven't seen a single plastic straw, not one of the ear wax thingies. They're all made of paper. If you take a takeout food, which we do a lot now because you know there's no, there's no restaurant open. Everything is either packed in paper or it's biodegradable plastic. So it's really easy to get the plastic problem fixed. It just needs a little bit of, you know, maybe a push from the government. But offsetting my Bitcoin transactions by planting trees somewhere in every car where they're probably burned the trees next year because they need firewood. I'm not falling for that. I want my Bitcoin to be green, but I'd rather have it hydro powered or sun powered. So sorry Ben, I have to disagree on that as well. I mean, that's what we're working towards. Obviously, and that's what we're encouraging these to renewables, but there's no harm in offering an offsetting solution, which will, I mean, these these charities are regulated charities. They're not just willingly planting trees in areas which are going to get, you know, fell the next month and reused for something else like belligitimate offsetting carbon offsetting solutions. So there's no reason not to have it there as an option. And then have you people want to want to, you know, offset currently, you know, if they're worried about their Bitcoin being mined in a non renewable way, they want to offset that carbon. Then cool. Yeah. At a toshi forest or something. We have a forest. Forest of Satoshi. Yes. And then the charity, which is starting on the mountain forest of Satoshi, right? Yeah, registered. And now because before one of the few words does it? Done. Taken. Okay, that's my opinion. It's gone. The cleanest decision I've ever made was not having children. So I think, you know, I participated in the global, you know, in the environment, not having children. So I can have 30 Bitcoin transactions, drive a fast car, and fly it yet wherever I want to go without having to feel guilty. I'm not paying extra for my Bitcoin transaction. I'm still paying the five or six shots per fee by the lowest fee possible on offset. Sorry, for the rest, I'm a tree hugging hippie, but not for the Indies case. I think it's important to note it's easy to say on an industry level that a large company like Coinbase should pay the carbon offset. And it seems very sensible and easy to either require or to just influence them like the markets. Like, oh, you're spending so much money, you're spending so much energy, you should buy the offsets, you'll feel good, your company profile will feel good, the marketing department will feel very good. So I think for that reason, companies should do the carbon offset. It becomes a little more difficult with the personal issues. It's very much like individual to do it. They're going to freak out. If you offer it to them, they're still going to freak out a little bit because it seems kind of forced. It's like when they offer the last dab on the hot wings. And it's like, you should do it. Everyone else is doing it. Don't you feel like doing it? And a lot of people get offended by that, like the South Park episode where they're like at the Whole Foods, they're asking for an extra dollar. And it's like, yes, we want to help people, but we don't want to be asked for extra dollars all the time. If it was included in a wall, you'd be doing it every transaction. Is that too much? Again, I like it from the other side. Coinbase does it. Crackin could do it. They could all put a little environmental logo on the product. They could make you feel good. Your, your, your, your, on every transaction, they should put it on the thing you're, you know, we have purchased carbon credits to offset your transaction. I can't believe they're not doing that now. It's a wall. This is the argument for plastics, though. Like you're using that plastic bottle and those plastic flags, like we can all make our own individual, yes, once technology gets to a point where we can create, you know, plastics, which work very well and then degrade and just become, you know, like the, the made out of some, sort of, like, you know, a PLA type plastic, which is using to read your printers or something, which actually is able to, you can make a thin version of something. When you have all these great meta materials, which you can use in placement of, you know, shopping bags and water bottles and whatever else, the wall's going to be a much easier place to, to live where if you're trying to cut down, you know, the amount of plastics you use. Currently, the option is you have to go to the supermarket with your reusable bags and take your own bottle of water and use it multiple times. And that's just like a personal way you can have a positive impact on the environment. Similarly, if you have an offsetting scheme, yes, we'll all work towards renewables and renewables in mining, etc. and it'll cut you know, big, big coin companies will, will be lobbies to be greener and so on mine is whatever. But ultimately, as individuals, if you want and see, if you make a big coin transaction and you think, well, okay, so you're going to cost me half a percent of the cost of that transaction to offset it, then why not? You know, it's just to say, that's exactly the same as you taking reusable bottles as opposed to buying a plastic bottle. It's a personal way. Well, I totally, I mean, I agree. It should be, it's nothing wrong with having a choice of planning trees. I think it's great and the more trees, the better trees, and bring it on. But yeah, I kind of feel like it's, if you go to Singapore, for instance, drive from the the airport into the city, it's just beautiful. Everything's beautiful. And you think, wow, what a beautiful country. You just go a little bit off the beaten track and you see all the starving and old people working like crazy and they should be retired by now. And you think, you know, it's the same with the plastics thing. It's only a very small amount of people that are actually will, that you solve by by by sold by stopping straws and such. The industry uses so much plastic. We used to, one of my startups was a, was a fashion company with my wife years and years ago. And you know, every garment is in plastic and every bunch of those plastic garments is in plastic. And then that box is in a box that's wrapped in plastic. And then those, when that was in the factory, the cloth would before it was made into a dress would be a fat in plastic. It's insane. It's insane humanity. You've gone bonkers. Just stop with the plastic. Jesus. It was like that in the show, Josh. She, she was calling them out for the microaggressions. And you're getting kind of used to it. You know, you don't say the bad words. You don't call people names. You're very careful on what you say now. But what these guys did seemed so harmless. They got their dry cleaning and they took the plastic bag off their dry cleaning and they threw it out. And then they got the hanger from their dry cleaning. They threw that out too. And the girl was furious at them. And they, you know, a microaggression or whatever just by throwing out this plastic. But what can you do? There's so much. And, you know, even in her example, she laid out all of her trash from her hotel room. And she was like, I have made all this trash while I'm in Japan for a week. Like what a, this is the, you know, the problem starts at home. So I think, yeah, people should have the option to do carbon offsets. It shouldn't be forced. But because then we're going to fall into one of those. You're breathing out carbon and then you should pay. And maybe you should. And then we're in real trouble. Oh, so let's get out of there quickly. Let's move on to issue four. Issue four, Bitcoin price surge may be driving up interest in China's digital yuan central bank that has obvious interest in it says interest in the digital yuan could be driven by Bitcoin. A number of central banks around the world are can exploring issuing their own digital currencies. Though China is arguably the furthest ahead. China's digital yuan is an example of a central bank digital currency CBDC. I guess that's going to be a thing, which aims to replace some of the cash in circulation. Is the article correct? Dan Eve is China more interested in the digital yuan now that Bitcoin is suddenly possible popular. I think they're I think they're missed their misconstruing the fundamentals here. And they're going like Bitcoin's pumping. Maybe the one's going to pump. No, no, no, no, no, no, no, it doesn't work like that. It doesn't work like that. No, I think yeah, for China, this is for Chinese people, this is surely, you know, this is kind of a good thing in a way that Bitcoin is obviously doing really well. And it's kind of re-nighting that fire in China has always been kind of, you know, there was a lot of mining in China in the early days. It's still, you know, fight fairly focused there. But if the if the one comes out, then it's again, it's it's giving more legitimacy to Bitcoin. And so it kind of makes it an easier stepping stone, right? It's easier to transfer, you know, say USDC to Bitcoin than it is that normal USD without it being, you know, tokenized. So maybe it's just going to open up the ballpark a bit more and make that trading a lot more free. But obviously the downside is that, you know, they're going from it from a control perspective. It's cashless payments, which sounds all good, but it's all about the, you know, they're selling it on convenience, etc. But it's more about traceability and control from their site. And obviously, you know, PBOC is always a bit, you know, bit controlling. And you know, when it comes to the cash side of things, well, hence why they've they're always so up and down with the banning Bitcoin and we are. But yeah, I think it's, you know, the market interest is obviously strong over there for Bitcoin as it is. And, and, you know, a digitized currency is not too far away where we chat, you know, it was a huge thing. It's like over here, getting people to use even with lightning so simple and just showing a, a, a, a pay to a QR code, which often is paid, the payments made before you, you know, there is even your eyes can see that the, the camera scanned it and made the payment, you know, as that quick. And so over here, we're not used to that. We're not used to these kind of QR code payments. And that's why, yeah, I think it's probably a bit easier moving into that zone for the Chinese, you know, people in China, because they're used to think QR codes, we chat and electronic payments. So yeah, I don't know. I think, I think, I think it's kind of, I see too, I'm too much of an optimist, optimist, but I think it's kind of a good, I kind of a good thing because I see it as an easier gateway into Bitcoin. Well, we don't want anyone pulling their, you want out, even if it is a digital one. Redolfo, let's go to you. Your thoughts on China's CBDC central bank digital currency. I have to unmute Redolfo, sorry. Oh, still muted. Let's try it one more time. Okay. Okay. Sorry. Sorry. Sorry. Sorry. It was me. I consider that actually, the currency that will be pushed is the digital swan. So even though today you might have Bitcoin event, but I really don't think so, but you could have this Bitcoin attraction push people into all, let's see this digital currency from from from our country, China, and let's let's check it if it's similar or not. It's already been said that it's not. Yes. I think that the one that will be pushed to be adopted is the digital one. So in the short term, who will benefit of this experience of being there and understanding that finally, it's traceability, it's it's manipulation and other stuff will be the Chinese people that were pushed to vote digital swan and then they will understand why Bitcoin is different. So I consider that all these CBDCs are more beneficial for Bitcoin than than a problem to it. Yes, I consider that digital swan today is alone, but they they will fight economically and geopolitically with the euro digital and the US digital and all the other digital currencies, more efficient to access to them that it was before for for international commerce and countries. So so I think that the fight will be against the CTVC's and and all the the debris of that fight will go to Bitcoin. So if today Bitcoin is pushing this one, who knows? I think it doesn't, but actually it's always a short term and we need to see when we think in Bitcoin we need to see the long term and I absolutely 100% sure that in the long term all these CTVC's will drive attention to Bitcoin. Martín Isra Dolpha right is the digital you want a gateway drug to Bitcoin. Maybe we should ban the digital you want before it's too late. Martín Wismer go ahead Martín. Yeah well the digital one will be centralized it will not be like Bitcoin, but China has this unique problem is then just point it out is that everybody uses we chat, Ali pay nobody uses cash anymore and if you take a taxi cab ride in one of the big cities they've got little little advertisement signs and that signs that say cash is still a legal tender or you know cash is still money you know because people don't even use it anymore. So the government realizes that they have to either lose control over cash because it's all done by private corporations or they introduce something that the people will use and this is I think is one of the reasons of the big move the second one is of course obviously having control over people because we'll have to send you to a re-education camp because you visited your dealer twice last week you know so stuff like that will happen and it's all about control so in my opinion digital currencies aren't really nice because it's all about control that's why I like Bitcoin and the rest no no thank you so Europe will take another four years the European Central Bank this sets in a statement this week so it will take another four years before they can even start a pilot project so China is definitely leading the pack and I think you'll see interest in Chinese currency increase because of this you know we'll probably implement it on our ATMs long before the European Central Bank decides that they will have their own ECB, CBD type of currency or whatever I always CBD CBD was the stuff which doesn't get you high and it's in the droplets right and the other one was the central bank digital currency I always makes us do up for some reason that's that that CBD and then CBGB is a pop club from the 1970s so yeah I think it is good in a way that it will make people realize why they want Bitcoin because once cash is gone and it's become this dystopian digital currency we monitor every move you make type of currency nobody wants that so the first thing they'll do it just bring it to their local ATM swap it out from some extra expensive Bitcoin by the time and then regain freedom or a money or whatever other privacy coin that is out there so I totally did not answer your question here I think let's see we'll go to Ben maybe he will Ben Arck is Martin right are the Chinese people they think they're getting a really nice new present and it's going to be convenient and easy to use money on their phone but then it's going to turn out to be an Orwellian tracking device is it a false present Ben you know the China's some of the most sophisticated financial systems in the world for payments partly the reason why is because they have similar central control the PBOC and maybe Martin has a point that Ali pay and we pay they've got 1.8 billion users he used them for everyday payments and maybe the PBOC I don't know if that's true actually because if the PBOC doesn't like a company they'll just go and arrest the CEOs and then you know put their own CEO in that company that's the way business works in China it's a essentially planned economy and it kind of proves in a way that central planning can work if you do it in the same way as the PBOC have done it but so maybe they're just trying to get this 1.8 billion users to use their own currency with digital yuan and it's absolutely correct it's nothing like the cryptocurrency like Bitcoin it would be more like a sort of stable coin could possibly challenge the patrodollar for international commerce because it's incredibly stable and it's got the Chinese huge Chinese economy behind it so it's it's people could find it useful I'm not particularly interested in it it's just kind of a fear from a you know a poor a digital currency and a more efficient fear but it's it hasn't got any of the qualities which I like about Bitcoin I do think that we will see more I said this before digital fears on the horizon I mean we already have digital fears but we'll see more kind of you know cryptocurrency centric fears and I do believe that for the private sea loving countries of the world they're most likely to be a Bitcoin sidechain using something like liquid if I'm going to share the screen again because this week are made Adam back finally admitted you can use liquid liquid for such things so my mate Betaine Gog was saying goodbye to a friend and then their friends said oh you know good luck with the washing dependence and then Adam back said post-Brexit you know GB's people see we should just move straight to BTC and the Betaine Gog said hell yeah and instead I'm working on a federated bottom up national currency Welsh pound which is possible using liquid network if you could be federated geographically I've had this rant before in the show but I'm like yeah and you could have like a more democratic better for it soft currencies have uses and you could have a better version of a soft currency and we could build it very quickly and it's socially scalable like we don't need things like central bank and things to build it and then Adam back said yeah the tech exists and then quite nicely he he re-tweeted this is awesome I put in a cell so it's pretty cool but the tech exists to make a digital currency you on something like liquid or on some sort of side chain and that's super exciting to me that finally you know he's talking about because I've been thinking this for a while this to me we've had this crazy COVID bootstrap where everyone's suddenly become much more digital native and all these technologies such as you know video streaming for example and and conferencing platforms have improved so much we're in Bitcoin 2025 you know and in Bitcoin 2025 I was assuming that by now countries would be building Bitcoin side chains for their fear of soft currencies and now we've seen this centrally planned thing from China because maybe that a little bit ahead of everybody else when it comes to financial infrastructure payments and it's just a case of waiting for these other countries to catch up and then hopefully they will use something which is you know privacy centric or well privacy centric for us but not for you know government spending for example you could keep an eye on what they're spending their money on but yeah so I don't think I answered the question either but it will be interesting to see and it will be used as a tool you want and it may even be a play by China to try and replace the the patro dollar and it would be an incredibly stable thing you know medium of exchange or whatever but it will be controlled by the PBOC. Just like to remind everyone to give us a thumbs up if you just started watching just push the thumbs up button it's free it's really good for YouTube YouTube's all about this thumbs up thing Josh and Gala are the Chinese looking forward to a new currency are they going to lead the way with a new petro dollar. Badges badges we don't need your stinking badges that's that's what it's all about we don't need we don't what yeah what are we what are we talking about here what no we don't need that look it's the same reason I don't understand an anarcho communism compared to an anarcho capitalism anarcho communism states that you're not allowed to you know have your own money and you have to like share everything and and and it's such whereas you know and our capitalism I do what you want if you want you know we'll set it up and we'll trade and you're welcome to not use any money at all but can you not force me to and to build an anarcho communism you would have to slowly start building up centralised control structures to control certain aspects that you don't like so then you're back to a control grid and then you get some pigs are more you know more more equal than others so it's the same with with currencies how can you have a decentralized centralized currency it doesn't make any sense there's no point to it I guess in a way you can have it like tether but look digital all these fiat currencies are already digital then the little bit of money that you've got in our pockets here that's just pittance it's tiny tiny amounts fractions of what's actually there in their computer systems all major currencies are already digital this is just some sort of weird marketing thing I don't I don't understand that you know we chat it's all digital already they don't need to so I don't understand it I literally don't understand it's like trying to understand an anarcho communism to me it doesn't make any sense moving on to the exit question which currency will make you more free Facebook's Libra or China's digital yuan Dan Eve well that's like that's like one of those awful questions like your mother your sister no I think I think I think I actually think Facebook is international you know it's less less it's less likely to be you know controlled by but what I guess I control by one entity but because it's multinational they're still going to have to abide by the rules of whatever country it's operating in whatever and I don't know right I think that's a crazy question I'll have to choose Facebook Redalfo same question who's your leader Mark Zuckerberg or Zeezing Ping gotta unmute Redalfo go ahead so actually yes it's a tough question I'm I'm always concerned about we consider that big companies are freer and more more just than governments but I don't know actually if you put me China and Facebook eventually would say Facebook but I wouldn't put Facebook on top of everything the CBC CBC I consider that they might have also their own and their own bad actions taken on top of the technology and abuse on top of the of the technology though if they do wrong they might lose the the business while while countries if they do wrong people have no many tools to go against them so so it's easier to move on if you don't like Facebook you move on to another company but if you don't like your country you can move on to another country you could but the cost of opting out from Facebook is different that the cost of opting out from your country so I always consider that that the opt out cost is the key to understand centralization and decentralization I would say in your question I would say Facebook but I wouldn't put Facebook always though the opt outing from Facebook is easier than opt outing from a country Martin where do you store your files Facebook or the Chinese government choose got an unmute though okay I select Facebook not that I like Libra or Facebook but as the Dolpha put it it's probably easier to change all your Facebook Libra shittcoins into Bitcoin than it is to change your digital Ruan into Bitcoin so it's it's it's it's just really bad question Thomas I agree with them there because there is no good answer and in this case I'd opt for the one that makes it easiest to change into Bitcoin because that's where you know we should change it into and not into some local stable coin then arc it's Sophie's choice you must choose one or the other China or well if if if if Libra so called Libra is it so called Libra then change the name anyway if they're name but I'm not acknowledged I already remembered one stupid name for this if if if Facebook coin worked as the they say they wanted to work in the white paper with this federated model then it wouldn't actually be that bad to be honest as a sort of stable coin even of exchange thing I think the the markets the international markets are going to trust the digital Yuan if it's stable because it's backed by this ginormous economic you know they're going to be the biggest economic superpower on the planet and Josh if you want to read from a good about the father of anarchism Mikhail Buchunin on capitalism that'll give you a good idea as to why an arco communism has value as a concept so Mikhail Buchunin on capitalism he's the father of communism at the father of anarchism and he was a march critic in the socialist first international very interesting man predicted Stalin and rise the USSR and has a really nice way of writing but Mikhail Buchunin on capitalism read that script book so Josh would you rather have your currency and your photos controlled by a dictator whose power hungry and controls everything that people do or Mark Zuckerberg first of all thanks Ben yeah I'll definitely check it out you know the last time I checked Facebook doesn't have an army that goes around the world addressing against other people the other thing is that if Facebook did this it would change their business model a lot from using you as the customer to basically minting their own currency it could mean that they could go down the privacy path I know that Mark Zuckerberg did talk about starting to encrypt more and more and the reason why they don't now is that they need to see everything to be able to then give you the right marketing so you click on it and you know the circles the loop is closed whereas if they had their own money they could basically try to make that go up hold a whole bunch of their own coins and I mean you know the whole thing like that's happening in the crypto space for a long time but this is on a mega level and space so and also if people are transacting and that they could take a small cut so I think it's I would much rather see Facebook do it I don't like Facebook I don't use them obviously I use them without even knowing I use them because they're so just everywhere but yeah Facebook I would much rather use them if I had to I think it's pretty obvious that Facebook doesn't have enough information about us and if there's a way that we could give them more information like all the things we buy and sell that would be great sorry when I say country can I just quickly I don't mean the country of I mean government the people of China are wonderful people that's a bit brutal yeah sorry I you know it's late I just mean the government yeah and if I fly through their government can you just just it was a joke China's cool great history fantastic wall great full-trick all right let's move on to predictions or story of the week Dan Eve are you ready with a prediction or a story of the week we're gonna put you on the spot first go ahead Dan really bad at this recently I can't go for for prediction okay story of the week oh my G whiz no I can't can I I might maybe come maybe you back I might just come back to Dan we've got a martin whisper martin are you ready with a prediction or a story of the week I have no prediction this week but I do have a story we recently uh well it's told on previous episode of the show we made a software package called every trade where you can like manage your your track your portfolio but we finally be launched an affiliate program and it's working so people can make like a nice 25% commission on sales they made for the every trade package so that's really cool for webmasters and podcasts and everyone who wants to like uh you know has a website with information they can now advertise the every trade package and get the 25% commission on every conversion they made and it's we payout via paypal I you know it's not great but many of our US clients they all use paypal and it was just the easiest way to do the payouts we're still working payments payouts for the commissions in bitcoin but that will be something for the future but if people want to join they've got a website or podcasts or something they can just sign up at partners.generalbytes.com and follow the instructions it's uh I'm really excited about this because it's it allows us to like give something back to the creators and people that bring us traffic instead of just like taking from the internet you know that's just wrong but it's uh it was a bit difficult to set up but now it's working we tested it and it actually registers your conversions so yeah that was my story of the week it's been a lot of work I've got like you know lines in my eyes of not sleeping but it is working so yeah. Redolfo from LA BicConf do you have a prediction or a story of the week go ahead on on mute though first. Now I am actually predictions I don't know why I have this like like esoteric understanding of where the price is going but I I'm actively thinking that this week we are going beyond the last 88 yes don't ask me really why I guess that I just see the price willing to do it and the the new I think that the most relevant news is we're more related to to resam pay but eventually doing this big move towards the towards Bitcoin and actually I have like like we have a new I guess Josh will we like this we have a new video under the hood I can't show it yet but this week we will be showcasing a very nice video that I guess that the whole big continuity will really enjoy and it's somehow related to the BicConf but it's still need to keep but Josh we you like it yeah oh man I'm looking forward to looking forward to it. Let's explain how it will be this year yes the conference which will be very interesting that was an epic conference that sounds great of course we all know the price is going up you probably watched earlier because the magic Bitcoin 8 ball predicted that's going up so you just join in the chorus there it's already been mentioned Josh and Gala do you have a prediction or a story of the week go ahead yeah actually I just show you here on my we we just what Ben created for us if you go to Valtora.com go to learn right now it's on this article a complete start as guide to DeFi and scroll down the bottom of it and we have these little things here so you can slide that across and hit go it processes and there you can scan that and you get I don't think a hundred sats so yeah it's really cool you have to go hunting for sats and there you can get Satoshi so if you get like blue wallet or zap some of these amazing lightning wallets get yourself one of those it works I just tested it yeah there you go I got 10 sets from oh 10 so you said 10 I wasn't sure but it's sort of random sometimes we do a thousand sats sometimes 10 some sats I try to do a bunch of different ones there you go I see and and look at not as much fun as slapping Ben in the face but still very fun well the thing is you collecting you can that's right you're collecting them ready to slap Ben in the face with this with 10 sats later on but yeah I just want to reiterate on that last comment with China guys I have a lot of Chinese friends I definitely love you know have nothing against Chinese people at all it does more governments just do my head in that's all yeah I agree it's a very difficult government in China go ahead Martin it's one of the most hard working people I know and it's not easy living under a searcher government but I buy something on Ali Express almost every day and I never fail to they never disappoint me so no don't don't get it wrong it's not anything with the people it's just a totalitarian government thing that freaks us out here any government for me freaks me yeah like I pick on every I'm like South Park I just go after everyone's government so don't worry about it you know did you mention the awesome feature on the portal was created with empowered by Ellen Bitts yeah I'm sorry yeah Ellen Bitts built this Ben check out EllenBitts.com I really didn't realize Ben before we did this how amazing that project is so awesome it is amazing you if you have a shop you can start to accept Bitcoin if you want to build something like this where you can put it into your your website and it's just it's it's really really really a solid package when it comes to the Lightning Network check it out do you sell that favor we're we're working I mean VHF he's probably the lead dab now on it he's been doing the hell of a lot of work and we feel incredibly guilty I just can't keep up with this productivity it's insane but there's actually on the night with crypto graffiti there's a really interesting installation which is going to be taking place using an EllenBitts extension so that'll be on the ninth of April kind of check out the Bitcoin Twitter cryptography too I don't want to reveal too much because I don't know how much I can reveal but I'm super excited about that I'm seeing all the commits in the GitHub being made for that particular extension so though it's it's great seeing that software develop it's really really great yeah that's cool Ben are you ready with a prediction or a story of the week go ahead yeah I need to correct first so it was Michaela Bacoon and the capitalist system Michaela Bacoon is very good the capitalist system I recently we read as well some Murray Bookchin who's the kind of ecologist anarchist guy from New York absolutely the most phenomenal writer I think probably my favorite writer just his his prose is beautiful it makes you almost want to cry it's gorgeous Murray Bookchin you can't it's kind of annoying with these anarchists like you can't get less stuff on Ordebul but then in saying that Ordebul anarchist they do an absolutely fantastic service producing all these uh audible version uh sorry audiobooks of these books for free just on YouTube so if you look at Ordebul anarchist you'll be able to get all of Murray Bookchins and Michaela Bacoon and his work read it all it's great um so the the story of the week is I think we can talk about it now but again I'm not interested sure so but I'll just talk about it anyway in Bitcoin 2019 in San Francisco um I because I you know I first I think the first bit the first Bitcoin conference thing I want to the proper one was the the lightning hack day in Berlin so for me like Bitcoin conferences you'd always have kind of a hack area and when I went to Bitcoin 2019 there wasn't a hack area I was there to like retrofit these arcade machines to accept payments over lightning so I just like got some tables to get them pushed them together anyway it was super cool like the side a bunch of uh hardware kits for making like little points of sales and things and people just come over and I showed them how to make these different things and like one of the kits I gave out for example to a guy called Ken said where he went off and they learned their kit or whatever it is which is like a crypto tools thing project which is sponsored by blockchain commerce and it's a it's a big deal it's a common with the name of the there's like a some legitimate like just cryptographers who were behind that and that was based on this hardware which I'd give into this guy um and I spent pretty much the whole conference it was a step in snagraw and we're playing around with making hardware while it's on little sp32s and um my little hardware while it came from that and uh I know he sort of worked on a lot of the the spectre stuff when we were there as well so that was really cool so so a lot's of good came from just these two little tables smashed together and then people coming over and was all just exchanging ideas so for Bitcoin 2021 in my army which is going to be absolutely huge I know they've got the Miami governor involved because it's so big it's like the biggest conference meetup thing since you know covid began so it's it's a huge deal lots of huge names you know Jack Dorsey and uh Michael Saylor and Tony Hawk will be there as well uh well we I said we should expand the hack space area so now we've got like a big hack space area map map map map i would all marty i would all like that dude he's involved in it as well um so we'll have like a bigger area to do hacking stuff Christian um uh roots will be there we'll be we'll be splitting up some nodes um i'm going to take loads those by Bitcoin stamps so if you want to come get some free by Bitcoin stamps but I also have a whole bunch of project kits so i know a lot of Bitcoin is going to that Bitcoin Miami thing and if you do then come and check out the hack space uh we'll have loads of wires out we'll be making stuff um and uh yeah all right it's just it's going to be super exciting because there's so many like you know and bits for example there's a whole bunch of extensions being built for pretty much just to showcase stuff at that conference so really looking forward to Bitcoin 2021 in Miami hopefully we can go and I can go um and uh we'll have like a really big hack space which will still be running if I can't go and you know as Europeans can't get to it it'll still be running um so if you if you go and check that out all right very cool uh just like to remind everyone to check out shop.worldcryptonetwork.com we've got the treasures don't float t-shirt the h-a-l-finney's mugs and more at shop.worldcryptonetwork.com also be sure to check out WCN clips uh the link was in the chat or you can search on google for youtube WCN clips and just share these out uh they need a lot more attention and they're currently getting uh also a good time to give us a thumbs up down below even if you didn't uh for the rest of the show you can still do it now at the end of the show uh I think we're going to head towards the end here it's been a slightly longer show uh thanks so much for Rodolfo for joining us from LawBitCon everybody check out LawBit Conference a great conference in Latin America uh kind of moves around so uh find out more information on their web page it's probably the best conference I gotta say there we go the best conference at least at least the longest running yeah and the longest running yeah definitely and then the sister unchained here in Cumberland it was also great yeah I'm changing conference yeah yeah so you know just the whole thing this week this week we're launching the new website also so you really see get some surprises there excellent I'll have to keep a look up very cool and thanks again to everyone for joining us until next time bye bye