#253 โ€” The Bitcoin Group #253 - China Could Use Bitcoin - US Mining - The Price - NFTs vs The World

๐Ÿ“… 2021-04-09๐Ÿ“ 14,545 words

The Bitcoin Group, the American Original. For over the last 10 seconds, the sharpest Satoshi's, the best Bitcoin's, the hardest cryptocurrency talk. We'd like to welcome our panelists, Dan Eave, the crypto raptor. Good evening, good morning and good night, in no particular order. Jed Grant from the open crypto alliance. Good day, good to be here. Arteen Wissmeyer from General Bites. Ah, what's up guys? Josh Shigala from Valtoro. Evening ladies and gentlemen. Ben Arck from PTC, IoT. Shwai, hello, good evening. And I'm Thomas Hunt from the world of crypto network, moving on to issue one. Issue one, China could use Bitcoin as financial weapon against the US, Peter Tiel warns. The one of the founders of PayPal and a major startup founder around the world, Peter Tiel cautioned that China could potentially use Bitcoin as a financial weapon against the US. Well Tiel is a fan of Bitcoin and cryptocurrency. He said, even though I'm a pro crypto pro Bitcoin maximalist person, I do wonder whether at this point Bitcoin should also be thought of in part as a Chinese financial weapon against the US. It threatens fiat money, but it especially threatens the US dollar. Dan Eave, your thoughts on China using Bitcoin against the US? Well, it's obviously quite an interesting and topical take at the moment, obviously, with the controversy over the PBOC building the central bank digital currency, which is also possibly going to take on the dollar. But I think generally the biggest war is the money printing war. That's the biggest threat to any other currency is the ability for one currency to print another one. Although it devalues, it doesn't do it so sharply. I see it as an act of war being able to just print loads of money and then be able to use that money to buy assets in other countries, for example, and build up essentially assets that you wouldn't have if you didn't print that money out of thin air. So Bitcoin really is just a threat to any global currency and specifically the US because of the fact that the dollar is still the biggest index for oil and everything. So, yeah, I think it's interesting that Peter Teele has kind of come out and said something that's a bit critical of Bitcoin, but also he's still declares himself as a maximalist. So it's also, I see a positive that he's able to see where some of the threats could be to Bitcoin and also to, he's not, what's the word, he's not scared to voice those. He's obviously as a Bitcoin proponent confident enough that although it could be a threat to the US dollar, this could be more of a prod to the US, the SEC and to get them to actually buy more in the fed, like to buy Bitcoin. Like if it's a threat and you can't kill the threat because you can't kill Bitcoin, then you get the US to buy Bitcoin in order to hedge against dollar gum down. And that was kind of one of my old school conspiracy theories was that maybe the CIA, for example, invented Bitcoin to hedge against the dollar eventually go. And so that million Bitcoin is actually, you know, is owned by the US. And so they're kind of, you know, every now and then they're playing the markets, but ultimately they're sat on a million Bitcoin that is used to hedge against the rest of the world, slowly taking a percentage of the dollar. The friend of my enemy is also my friend, Jed Grant, your thoughts on China and Bitcoin. Yeah, I think China has so much mining power as well. It's kind of, people are afraid of that, but I don't think that's a bad thing at all. It'll get diversified. And China is trying to take down the dollar in any way they can. I just think it is exactly as you just said, Thomas, you know, the enemy of my enemy is my friend. And China looks at Bitcoin as maybe a tool that helps it achieve a different dominant fiat currency, whether that's their CBDC or some garbage they cook up with a block of Russia, China, Iran, who knows, you know, but they're all going to be shift coins at the end of the day. And I don't think they're going to take Bitcoin down. So we're pretty good. Martin, Wismair. Yeah. I think a general Bitcoin is a threat to fiat currencies because just like the internet gives everybody a voice, Bitcoin gives everybody a wallet. So the internet costs monopolis of information like state, television and stuff to basically crumble and break down. And the same thing will happen with Bitcoin and cryptocurrencies, but primarily Bitcoin breaking down the monopoly that governments have around the world on printing money. But to state that it is China, it's a Chinese weapon. I don't agree on that. Even though a lot of mining power is concentrated in China, Bitcoin is a system based on distrust. Nobody trusts each other. Everybody will want to grab their part of the pie and they will not cooperate with each other to start 51% of tax because they would hurt their own wallets. And they won't do that. So yes, it might be a danger to fiat currencies, but it's not specifically a Chinese weapon. That's I disagree with. That's just the China Ferton in a different package. We can't forget that Peter Theo has got a Nixon seal of the approval when he said that. You can't trust Nixon. Who can you trust? Josh Shigala. I think Dan took the words right out of my mouth. You pretty much said it all. You know, the thing is that what I would add to it is that China is not a big coin, isn't a threat to the US dollar. The Federal Reserve is a threat to the US dollar. That's, you know, they're just screwing it up. Politicians and China is a threat to their own Federal Reserve or their own bank, their own central bank. And the same with the ECB. The ECB is just printing like crazy. They're all just printing that and it's great for them. They can buy real world assets. They can buy islands off of Greece. They can buy a crop losses. They can buy property off of just minting treasuries and borrowing against them. So it's all nonsense. It's all ridiculous. The thing that you have to do is buy real assets. You know, if Peter Theo was right and then gold and silver is also a threat to, and some say it is. And that's why we have groups saying that the silver has been manipulated for years being pushed down by naked shorts, like the likes of Jake and JP Morgan and such. But there's definitely a lot of proof that that is the case. So maybe he's right. But at the end of the day, what people need to do now is see that and understand what he's actually saying and what he's actually saying is get the hell out of any fiat, get into rare assets, get into rare assets, folks. If you're holding a lot of these currency units in the bank, you know, you're basically saving in a unit of account rather than an asset. And you don't save in a unit of account because there's infinite unit of accounts. And you know, it always used to say that Bitcoin was tulips. What the real tulip is fiat, that's the real tulip, folks. So that's what Peter Theo is saying is that that's not a tulip. So that's the threat. I think Bitcoin, but the biggest threat Bitcoin is is for little economies, countries that have small economies. And the citizenry could actually borrow like hell and start buying Bitcoin without not caring if they bankrupt themselves because they don't care if they've got a black mark on their name. They've got Bitcoin now. And that is an attack factor for smaller economies. But yeah, yeah. Ben, Eric. Bitcoin is a huge threat to the US. And the US is the world reserve currency. We've had the US is a world reserve currency since the second world war. And that's why a lot of these proxy wars and wars have happened throughout the world to keep the USD as the world reserve currency. And as the unit of account for the world. So yeah, China can use that tool to bypass the USD. And then weaken the US economy and that's true. You know, but that's a good thing. The having an A political world reserve currency is the holy grail, economic, pocket economically. And it was the idea which Mayna Keynes himself shilled at Britain Woods was the idea to have an A political medium of account for current, but for between countries as opposed to having a world reserve currency because just like when the Brits had the British pounders, the reserve currency. We try to bend the world to our to our will and keep it as a reserve currency. So yeah, it's a good thing, but it is going to weaken US power, of course. But that's the point. And we end up with a name, let's come on the and the world will probably be a lot safer and more peaceful because of it. Exit question is China is Bitcoin is a weapon for China, FUD better than energy FUD? Is this the new number one FUD even better than Bitcoin is just for drugs FUD back in the day? Dan Eve. I think so. I think that they only kind of, well, I suppose that and the greenness is the only kind of viable thing at the moment. It's, and especially where Bitcoin is, is every now and then you're seeing people tweet about it, you know, casumping for a, you know, in whole countries money supply. I think that's going to slowly bring people to realize that slowly, but like a slap in the face, it hits you, you know, as it jumps up that it's going to take over all the world currency. So it's just a case of how long it takes for that to happen before people go, we can't stop the train. But if we can't stop it. Chad Grant. I'll still be there. Hi, yeah, sorry. Could you repeat the question? I was distracting. Is China FUD the new number one FUD? No, I don't think it is. I see the energy FUD coming back in spades right now. They're really pumping that. And the way the FUD is in the media at the moment, I think it looks very desperate. It's been debunked so many times and you see these people just getting more and more desperate. There's an article in nature about the energy use in China that is just insane. I mean, it's insane that they can print this stuff and call it FUD still. Martin Wismer. I think the energy FUD did is more will continue for longer. It's, they keep adding countries to make it even more sensational. First, it was just like, they use the same amount as Luxembourg. There was Luxembourg Belgium and France. And now it's like Brazil and all of Latin America. So they keep adding countries to make it even more like so much energy. But Bitcoin would remain secure even if they would only have half the miners. It's the hash power is enormous. So I'm not too worried about it. But I think the reason why they keep pushing this energy agenda, because companies buying Bitcoin, they are not environmentally friendly. That's the whole thing behind it. Even though you know, getting minerals out of the ground and melting it and then putting it in the central bank falls, if there is even such a thing as gold back currency, it's not very environmentally friendly either. They say you waste energy by mining Bitcoin. I don't think it is. We get something really, really valuable back. And it's something we should realize, you know, people that think Bitcoin is worthless and it's just a mania, chule of mania and it's going to be, it's eventual failure will be zero. It will be, it will go down to zero. Yeah, then it's a waste of energy. I don't think it will go down to zero. I think it's very valuable. And therefore I don't think it does use that much electricity. But this electricity one is definitely, the energy, it will definitely survive the new version of the China Fert because they tried that China Fert so many times. It's, you know, I don't think it even sticks if they put it in like a new article. So energy Fert will be the one to watch. As you might have heard, Kevin Leary from Shark Tank, Mr. Wonderful, claims that he's buying Bitcoin only Bitcoin that's not minted in China and only Bitcoin that's minted with renewable power. And I wish him the best of luck in telling that Bitcoin apart from the other Bitcoin. Josh, the golly, your thoughts on China being the new number one Fert. Well, the thing is, you know, governments and the industrial media complexes always need their boogie man. Obviously, we haven't had terrorism for a while. Have we? No, it's all being COVID. So terrorism's, terror, terrorists have disappeared. So the next thing what we need is, is of course, now that the COVID boogie monster is almost dead. And they've milked a lot of cash from that cow. It's on to China. China will be next. So whatever they can throw at China, that'll be the new boogie man that we all have to fear. You know, in the 80s, I think it was like we had, well, we had Russia, you know, and that was, you see in Hollywood too, always the Russian or the German accents, the evil, and then of course, the terrorists. And then you actually, there was a little break in between there. You had like, serial killers with a thing for a while. You have to watch out for all your neighbors, serial killer. There's always a boogie man next to China. We'll see. And maybe that will be part of the whole game is using Bitcoin. I think one big fud that hasn't really come out yet is terrorists and, and, and, and the PIDOs and stuff using it. So I think that that's what could come up next is some awful thing where everyone looks at you like, are you like one of those if you use Bitcoin? Because that's quite an easy card to pull. And I'm surprised they haven't pulled that one yet. So as big as, as big as they could. But yeah. Underground payments, the fud of the future. Then arc is China the best. It is, as I said, it is a threat to US colony. And for the US, they should, you know, for the, the government or whatever. If it wants to keep its nations power over and tight grip over the rest of the world, and if you should certainly try and fight Bitcoin in any way it can. But it's treason and that's why it's there is to bypass things like the US sanctions which they left on all these countries. So I think a lot of the poorer countries will do a lot better by trading using Bitcoin. So I wouldn't be surprised if you have this is like a front which is used to attack Bitcoin from the US. And on the on the energy stuff like I think it's okay to admit that Bitcoin's carbon footprint is very high for on chain transactions. And we should use transactions in a much more sophisticated way and cram as much data into them as possible and take transactions off chain when we can and get the most out of a transaction. And then also you know push for miners to be using renewables. We can lobby miners and we can help build out infrastructure so they use renewables more. And it's not a bad thing to admit that the coin does use a lot of energy and it has got a heavy carbon footprint. But it's something which can be addressed. And you know energy usage itself is always correlated with the society's development. The more energy is society used, the more it's developed. That's the way it works. But we need to obviously in all areas of our society we need to use energy in a more efficient, renewable way. And for Bitcoin I think this is a great opportunity for us to say okay, yes okay transaction needs then value from on chain for me to you is heavy on a carbon footprint. But this is why we're pushing for the soft chain and second layer stuff. And then we're all out second layer more cram thousands of transactions into that one transaction makes it much more efficient. Moving on to issue two issue two riot blockchain. Riot blockchain has just bought the largest Bitcoin hosting facility in the United States for $651 million. The firm is buying windstone.us. It exchange for $651 million in cash and stock. But blockchain will purchase all of windstones assets and operations with more than 300 megawatts currently developed and a projected power capacity of 750 megawatts. Riot blockchain hopes this will be the largest publicly traded Bitcoin mining and hosting company in North America. They also purchase 42,000 ant miners. And said grant is riot blockchain making the worries about China go away is Bitcoin going to be mined in the US of a. I do like to see an improvement in the hash rate in the US. I think it balances things out. But what I'd really like to see even more is mining in other countries that are outside the jurisdictional reach of the big boys. I'd like to see mining in small countries on bigger scales. So that we get real decentralization. If we get too much mining concentrated in the US, I'm pretty sure the US is going to start to regulate that pretty heavily. It's going to change the game. So this is probably a great investment for them. It's going to pan out pretty well over the next 10 years. And it is good to see the hash rate get evened up with China a little bit. But other countries are also something we need to push for. Josh Seagala, all the Chinese furt is over. Bitcoin's are mined in the US now. But you're still imbueded. Yeah, the, yeah, exactly as much as possible outside of the US and China would be great. I have seen news articles where these chips are becoming so commoditized now that you can, they're becoming just so easy to produce. So I feel that I hope that we'll go back to also just putting them in heaters and things like that. Things like that. There's all these strange use cases that I mean the worst one, the worst one was way back in the day when some company wanted to make light bulbs mine. I don't know why that was an interesting idea. But especially that light bulbs actually produce heat. Like it's just weird. Anyway, heaters are great. In fact, that's how I sold myself the fact that I wanted to buy this really hefty computer, not only to mine crypto during the winter when it could heat the home, but I could also work out in VR. Ben Arck. Sorry, could you press anything? Yeah, it's good. Obviously, putting up against the Moore's law and these miners becoming scarcer and scarcer and that they have a longer lifespan than they used to have. So it's a good buy. Decentralize is mining a little bit more. It's in different countries, which is great. And we will see, obviously, mining, this is one of the things we've been saying a bit going forever that mining does try and find die-stue energy sources. And there's plenty of that in place like Iceland or wherever else. So it isn't forever going to be concentrated in China and on subsidized coal power plant. Bitcoin mining will spread around the world. But no, it's a good buy for them. It's funny to hear in the article, you know, BitMain still go in there, producing all the out miners. Obviously, they would de-throw and somewhat catastrophically, but it's amazing that they're still running as a company, particularly some of the craziness issues happening behind the scenes. But yeah, we want to see more companies producing miners. So we want to see more countries with miners in. So yeah, it's a good purchase on that behalf. Martin, where's May? I think it's great news to see a bit of decentralization, but as Gets pointed out, as soon as all the miners done in the US, there probably will be FATF, FATF, lists of transactions, which are prohibited from mining. And we all this regulated it in nonsense. So I hope they use green energy, by the way. I didn't see anything in the article, et cetera, whether they're using wind power or hydro power, because otherwise it's dirty, dirty bitcoins. You know, you've got to have the green energy. So this is why I'd like to see more mining happening in Iceland. Iceland was always like a choice back in the days. But it's been problematic importing the miners there and getting stuff there. Everything is so remote. But Iceland is perfect for that. You just dig a hole in the ground and steam comes out and put a generator on that. And you've got yourself geothermal energy as much as you want. So I really like to see those countries picking up to. But you know, anything outside of China is great. It's not that I don't trust or like the Chinese, but it's technically it's a bit of a hassle behind this Chinese wall of internet wall of big firewall. So it's also good for stability of the network that we see mining becoming more decentralized. This George pointed out, you know, he wants this eater to run as a Bitcoin miner. I tried doing that back in 2014 or 2015, I don't know. But you know, he just tend to like switch on and off frequently when they reach the temperature. And that's just the thing you can't do with miners. They got to be on all the time. So regulating the heat that comes out of your mining equipment, except that, you know, it's noisy. So you have to do it liquid cool or something. I think I do see a possibility that I hate the swimming pool with miners because that would, that would, you know, the miners will be running in a separate, separate room. And then the heat generated there, which is never enough, you know, would just be used to heat the swimming pool. But for like for heating a home, I think there will be issues there. And the light bulb thing where Josh mentioned, I forgot the name, but it was just a proof of concept. It was handy idea was that you would put all the light bulbs into places where you don't pay for the electricity. So, you know, if you have a company or something and every other, it's included, your electricity bill is paid for by the monthly lease, then you just replace all the light bulbs with those mining light bulbs. But they only had one chip on it and they were never powerful enough. So forget it, they want even generate a few Satoshi's. It's really a different game nowadays. That's even, that's even worse is just for speaking power off of people. But it was big fury and they demonstrated it at Richard Branson, this island allegedly. They had it in a big suitcase like this is the magical light bulb, the light bulbs that's going to mine Bitcoin. And there's still a big company today. The other one worth noting is 21, 21.co. They were going to put Bitcoin miners into Wi-Fi miners because you want to heat those up more and into toasters because like that's going to heat up more and you want to toast all the time too. And it made a lot of sense the whole time right up until they sold the lever was left to call it. Except that it didn't make sense. Because if you put a miner in there, you have to get a bigger power supply, you have to get, you know, all this extra stuff which makes your product, which is normally consumer product, more expensive. You need the power supplies, have copper and everything. So they become more expensive. So it makes no sense. And you know, the maritato, isn't that heating the polytomatos? The tomato polytomatos, that was nice. Taking the heat from the miners and then pushing it into... Oh yeah, that makes sense. But pushing it into a greenhouse because tomatoes want to have a problem with all the noise. But yeah, that never really... I think tomatoes, they don't have... It doesn't have big roots. The growth quality of the vegetables. Dan, Eve, your thoughts on mining Bitcoin in the United States? I must admit, the first thing I thought when reading Yagel as well was about the fact that Bitcoin is still going. It's like not the sort of thing I've checked up in a while. I kind of stopped subscribing to their emails after I bought a load of miners in last month, in 2017. And yeah, anyway, so they didn't buy Bitcoin miners, they just weighed in competitive. So it was, yeah, sadly, by Dash. But the interesting thing is the crypto buyouts that we're not seeing... I expect to see more happening off like even traditional company takeovers. So it's interesting that these are two existing crypto companies. But I'd like to see something like a big mining company that take over an existing... I'd like like power plant, for example, seeing more news of that. Renewable power plant, of course. So just the fact that this... I think 7.7, they're increasing... Xerhashes, they're increasing the power too, which at the moment... I think they said the goal was October 2021. The moment it's the rate is 150 over the last 24 hours. So that actually would put them on 5% of that current mining power, which is quite a significant amount, considering we're trying to push for decent or... We favor decentralization of miners. But just a few quick facts. So the last 24 hours, 856.25, bitcoins have been mined, which is about 49.6 million. And 112... This is quite quite cool. 112 bitcoins of fees mined. That's about 6.5 million in fees. So we don't really talk about fee mining a lot. And some interesting news in the... Recently was interesting in the stuff and whatever. Interesting news I read recently. Around the miners not selling anymore. They're starting to huddle. They're like, we're no longer pushing it to the much straights market. We're no longer dumping on the market. We're just going to hold tight and see where it goes. And one last thing, this mining in the Sahara. We see that picture that goes round on the internet, on the line. And it says like, it says, oh, if we just put all these... small area here in the Sahara, we could power the entire world. Why aren't there miners out there? Like, surely I suppose it's latency maybe, but if you're going to make that much money, because you've got free electricity, then surely you can run a cable somewhere, right? I don't know. Maybe we'll see mining in the Sahara. I would like to see that. It would be fun. Let's move to the exit question. My parents, brothers, cousins, next door neighbors, best friend, just heard about Bitcoin last week. And they want to get into Bitcoin mining. They've got some computers. Is there still a chance for them? Or is it all these giant mining farms? Jed Grant. Yeah, they should probably not jump straight into mining. People that come now with that question, though, the good answer, is to convince them to get a Raspberry Blitz or equivalent and spin up their own node and run a node in the Lightning Network. And actually tell them the story that providing liquidity on the Lightning Network today is like mining was in 2014, 2013. So if you get in now and start running your own Lightning nodes and you start establishing trusted channels and providing liquidity in five to 10 years, you might be a big boy and the liquidity's game and lightning. So that's where the Gettin's good now. Josh Sugala. Can I get you a Bitcoin miner? Yeah, that's a really important point to make and it should be made on a daily basis. Yeah, I still like the idea of solo mining with a single tiny little USB stick. And a treaty like a lottery ticket because it's super cheap now. It cost me 10 bucks to buy this thing and I chuck it in and it just sort of, hey, it could find that nons. It could find that nons. And you never know, you could be lucky. I think the chances are probably better than the lottery. I don't know. Some mathematician is going to have to tell me the answer. Chances are pretty bad. Let's go Ben Ark. I quite like the fact that when you get people who never thought about Bitcoin so much and they ask me about Bitcoin nowadays, it used to be that everyone always said, oh, what is this? I combine this on my computer, can't I? Whereas now people don't say that when they say, what is this Bitcoin thing? Well, they say less at least because I used to be the standard, you know, what is Bitcoin? I heard I combine it on my computer. So thankfully this concept of mining Bitcoin's on your computer is going because it's impossible and a waste of time even trying. But yeah, spinning up nodes. I don't think that there's a business model for having any sort of profitable return by as a rooting node for fees, because I think you've got payments splitting. It's always a race for the bottom feed wise. And there'll be plenty of nodes. You'll just do that for root transactions for free in the future. But I do think that things like liquidity calls by using all that liquidity which is sloshing around in the Lightning Network. Here's a hot wallet. And they're like the stuff which I'm doing with that liquidity call. You can, you know, low your Bitcoin out in a very secure, cryptographically secure way, and then get some return and it gets some yield on it. So I think there's going to be a lot more of that happening because this money which is on the Lightning Network is sloshing around it. You can lubricate economic growth in a way she can't do with Bitcoin on-chain. And I think there will be a business model. I think people who do have money on Lightning will be able to get some return from it doing that. And that's the answer much more sensible thing to do with your if you want to try earning some money with Bitcoin. But as always, the best thing to be conscious by. So don't do anything with it for five years and retire. Martin, Wismer. I think Jets Point and Ben's point of providing liquidity on the Lightning Network. I heard of some of the guys. I don't know the exact details. Some of the guys in the Dutch Bitcoin channels on Telegram they're doing just that. And they're making about 6% APR on it. So that's better than most banks give you nowadays. It's relatively low risk or no risk. So but I would have advised against mining at home. The idea is nice, but it's a big boys game now. You know, you need megawatts and it's not going to cut it with a USB stick that Josh found in his closet or it's computer drawer because I tried that not too long ago. Just two years ago, one of the old USB sticks with extra USB power. And I had a Raspberry Pi so I connected it. And the thing is before you even finish your workload. And you can submit it that was already a new blog. So in practice, it will never ever, ever be able to submit its work work done to the pool before, you know, the next block is in. So that means that you are using electricity, but you're never, ever, you're contributing literally nothing. But I saw one art project, which was really nice. I was at Paddlelelemi Paulus a few years ago. And they made an art, you know, a sort of like a artwork. And it was called the Kunian non-oile. Meaning I think it's Latin for money doesn't stink. So what they did is they had a Raspberry Pi. They connected one of the USB miners. And the USB miners was a sort of like stone plate. And they had drops of lavender oil in the workspace. So the heat generated by the mining, basically the miner was creating money. It was giving the scent of lavender out in the workspace. So yes, money doesn't stink. It smelled like lavender. And then they'll sign it, say, it said the name of the artwork. So yeah, I think there's definitely news for those USB miners. And if I find one, I'll recreate the artwork to have some lavender scent or other essential oil diffuser scent. But yeah, but if they're new to mining, it's really just cheaper to just purchase some on an exchange rate for the dip or DCA your way in and buy some sats every month or week. And then that just enjoy your Bitcoin is also less frustrating. Keeps the piece at home because those miners are so noisy, you know, it's I was either I had to choose either, you know, be single again or the miner out of the house. So, you know, I shut down the miners. Yeah, don't mind. Look into look into like building a note with raspberry pie. It's what you learn a lot. If you're not that savvy with computers, you see get umbrella now, banished by Ellen Blitz. Sorry, Ellen bits. So with the Ellen bits, you can start your own experiments on the lightning network. You can also use the note to start, you know, providing liquidity on the lightning network. So you'll learn a lot more. It's a lot less frustrating. It's less noisy and it's not as expensive either because you know to get into mining. You really have to get some equipment. Those sell at the premium. There will be no new miners coming out until the end of the year. So anything that's out there gets snapped up by the big boys. So you're not going to you're not going to be successful. It will be a frustrating experience and you know, it will crypto network. We really want your crypto experience to be smooth sailing. So get the raspberry pie. Start a note. Get cracking on that. And then just buy some Bitcoin. Dan, Eve, it sounds like it's going to be really difficult to mine Bitcoin at home unless I'm interested in air freshener. What about graphics card? Is there anything I could do with graphics cards, Dan? I must admit, I'm so sad that you can't mine with graphics cards because I started off with two GTX 680s and you could just about weed something out that was more than power. And then I bought some block blocker up to cubes and then got stuck by my life and then a few companies and yada yada yada. But it was so and then I moved and then I like built a mining farm for ship coins and yeah mining mining, a mining flappy coin and all sorts of other absolute crap. And the point was it was fun. It was like, you know, it was fun sweating it like, you know, four in the morning, like going, I know one of my miners is down and and just fiddling around within CG miner and stuff. And I kind of really, really miss all that like really miss it. So it's kind of a shame that it did go to the azix and that you couldn't just like, I don't know, do it in fun inventive ways that would have got more people involved, you know, even like, was it Peter Todd who's explain how you could do it in my paper, you know, by pen and paper. Obviously that would be impressive. But no, I miss I miss the mining with graphics cards. It was a it was a cool, a cool part of life. So it's a shame that it's not kind of something that people can do from home. And realistically, you know, even if it's getting batches of miners or getting in on one of the miner of a new batch, you've got to have cheap electricity and yeah, as everyone said, you might as well just buy it by by Bitcoin and then shove it into lightning liquidity and then earn a yield off that. Or obviously mind shit coins, but that's not financial mining advice. I want to go against the group here and I want to argue for everyone to mine at home because mining at home gives you all the experience of being a system administrator. Remember those guys with the pages who always had to leave the party early because the servers melted down. That could be you if you're air conditioning ever turns off your miner is going to overheat and maybe burn down your house. That could be you all the time you're running the miner, the fans are getting weaker and weaker and the chips are getting hotter and your hardware is getting worse and worse. That could be you for pennies a day. So yes, at home mining, there's still a chance for you. Maybe you could get a theory or some other coin and trade it for like three other coins. And you're going to make so much money you're not going to pay gas fees. It's going to be sweet. Moving on, do you know the world crypto network has its own clips channel subscribe to WCN clips today just search on YouTube for WCN space clips and subscribe. We've got all kinds of great clips like Tesla now accepting a Bitcoin Bitcoin, doing down 90% Bitcoin experts explain outcome of China's Bitcoin. Just a month ago we were talking about China and our pack again check out WCN clips and be sure to subscribe you could be one of the first 100 subscribers to WCN clips and then push share like a whole bunch of times. Moving on to issue three Bitcoin price prediction why Bitcoin could rocket to four hundred thousand dollars in 2021 because I've got bills to pay. The price of Bitcoin is soared by four hundred percent since its latest bull run but it's not good enough for anybody. They want more even Tesla billionaire Elon Musk wants more but he also wants Dogecoin to go up. Now a Bloomberg analyst has predicted the Bitcoin price could hit four hundred thousand dollars this year. He says the technical outlook for Bitcoin in 2021 remains strongly upward if past patterns repeat. He says that Bitcoin is on similar ground as the roughly 55x gain in 2013 and 15x in 2017. To reach price extremes akin to those years in 2021 the crypto would approach four hundred thousand dollars based on the regression since the 2011 high. Josh Zagala will the price of Bitcoin break four hundred thousand dollars this year. It could I mean if Forbes says so yeah I love how they throw they pull out these like experts and everyone's like oh Forbes is now saying fun and then what happens is after the fact they're like yes who we got on the show today the guy that predicted four hundred and it's now there like what a genius. There's so many of those people now because it's I mean it's there's twenty one million of these things there's never going to be any more of course it's going to reach some ridiculous price eventually. And it's I mean I'm surprised it's already at fifty I mean the real question is where is your moon. Ben Arck. Yeah I mean well there's a bit of a reach but I think I think you know like four hundred million dollars is very feasible and that was our target originally in this ballroom when you go across you know you look all the historical runs and then just literally superimpose. The hockey stick on the on the chart let me end up at like two engine three K. It doesn't feel like a top at the moment at all really like it obviously it's high no one you know I saw I water and we high but it doesn't feel like it didn't two thousand seventeen doesn't feel like completely unreasonable. And we've only just started having these big investment firms and funds joining in so there's still a load of like low hanging fruit for people to people buying into Bitcoin. Yeah no I maybe not for you get that might be a bit of a reach book but you know that's this is part of the game isn't it is that now we start to get the ridiculous predictions and the person who can predict the highest is the person who hits headlines and the papers so it's kind of incentivized. But I think two hundred thousand is actually fairly reasonable which is insane I'm amazed that the cost of sat so like I'm just playing around with like lightning network and throwing sat around. And now I'm like throwing sat around and let's put like ten thousand sets or whatever and then I think I'll crack it that's actually worth money now it's not like throw away chump chains it's actually worth money so I can't do that anymore. And then I don't want to look back at all the the sets which I've just given out all thrown around without thinking about how much is going to go up in the future but yeah I think I think two hundred thirty thousand makes sense and then in the future obviously higher but for each case a bit of a reach. Martin Wissmeyer will the price of Bitcoin break three hundred and ninety nine thousand nine hundred and ninety nine and ninety nine cents because four hundred is too much for Ben. I think I like a time frame on it is difficult but what we've seen in the past it was always gradually and then suddenly so where this bull and bull take us I don't know it's it's it's it's I think there bend your set it's it's all time high price almost and we're not even like in the formal craziness yet. So it looks like the new normal so it wouldn't surprise me it is true that we get these bullish more bullish most bullish predictions and then like you know Bloomberg said it will be five hundred thousand in twenty twenty five so you know if you make the higher prediction everybody will like and read to each you so I think this is why they do it. But as I said it wouldn't surprise me that's why you know I don't give investments advice but here at world's crypto network we're not selling either. That's part of my favorite joke from the great depression they say how did you go broke Mr Rockefeller he says at first slowly and then all at once. Dan Eve your thoughts on the. Bitcoin price well the problem is like it when when Bitcoin was like you know a thousand. Well I mean when it was when I first said 75 and even then I kind of knew this is going to dominate you don't realize about the scale of it and and thinking you know it's I mean 60,000 dollars like back then would have been like oh my god this is in sunny you just you wouldn't you've believed it and I'm probably lots of Bitcoin max and this back then wouldn't wouldn't of as well and it but obviously as time goes past you realize how ridiculous life is and isn't and the fact is that this four hundred thousand prediction I sat there and I was like I'm not sure if I'm going to be able to do that. I almost needed to slap myself in the face and I was like if 100,000 that seems about right and I was like no that's new to see and then I thought well no it's not because when it was 1000 I didn't think 30,000, 20,000 would be your 19,000 whatever 100 it was in December 2017 and then obviously recently going up to 60 there's no way even in like an November last year and I've been like 60k like yeah probably you know I was like years years few years yeah you know keeps slow and I feel like the tors in the hair. I sat there even myself thinking you know taking it too easy and then Bitcoin like with a rocket up his ass just went jump like that and it just and it's just moon and it's going to do that again and I agree that we I doesn't feel like the top of it doesn't feel like the top of the market. Well I will say is that my mum phone me today and she said I tried to call you earlier and I was like I don't know I saw you miss school mum she said okay well I sold to my Bitcoin and I was like okay. I don't know about this this card and it's going to be smart contracts next week and I was like oh my god it's going to be the top. So hopefully she didn't make a move but now I think 400k isn't too out there but I don't know maybe maybe maybe this ball run off is it outside of the line so it is ever going by stock to flow is it outside the line to stock to flow or is that is it still inside the lines at 400k. It's outside it's outside yeah there's like a range it's in the box between 100k and 288. So you know 400k is really pushing it into the red zone you know I think Josh is always looking at this rainbow rainbow moon month dot wind charts. So yeah I wouldn't know if it's within those lines either it's beautiful moon dot math can't get enough. One thing I will say on the prediction side though is fun fact 100% of the people of people that predicted the well would end have a bit will be incorrect. Even nostradamus however seeing Paris Hilton and Dan's mom both lining up for Bitcoin that could be the sign of the apocalypse. Jed Grant your thoughts on the price of Bitcoin and 400k. I agree with what Ben said I think 400k this year is a bit of a stretch predictions are always tough because of the timeline I think 400k is a no brainer it's just a question of when. The best prediction that I've seen recently was a perian boring from the digital chamber of commerce she did a little interview and she said something at the end of it she said by 2029 one Bitcoin will equal 10,000 ounces of gold. That means 17 and a half million dollars for coin. 2029 all we have to do is just count down was just like wait I'll just hang out and I like that she's calculating in gold I mean this is what Voltaurs all about is trying to get away from the US dollar trying to stop calculating this stuff in this funny like imagine we've got this rare thing. Let's measure it on this thing that we've got infinite of it makes no sense that there's no reality there I mean you know the facts of the matter is the only way the only reason there is a reality there is because you also measure corn pork bellies and a whole bunch of real commodities against this weird funny money stuff. So you can get a sort of a feel but it's it's very difficult with inflation and the amount of jeepery pokery going on there and manipulation and when when airlines stocks are at all time highly at their all grounded I don't trust anything anymore. I also thought it was a good idea for her to choose gold because it kind of changed the opponent where Bitcoin versus fiat is a big fight Bitcoin versus gold that could be kind of like a warm up fight maybe like a Jerry quarry or something like that so moving on to issue four issue four the stock market versus Bitcoin versus fine art and trading cards bang went the gavel it's other bees Austrian house on May 18th 27th. It was a historic night as untitled a painting by Jean Michelle Basquiat had just sold for 110 million dollars but now more and more people are buying NFTs for even more than the basket painting Pokemon cards are going for 360 thousand dollars or you could buy boring old Bitcoin or maybe stock in Walt Disney are these all the same things are they all different things which one should I be buying and when let's go to Josh Kagala first Bitcoin fine art Disney stock what do you want Josh NFTs. You know investments are it's a funny thing because you really have to know what what you're what you're doing in in in the gold industry we deal we have all to deal with Boolean with with just bars serialized LBMA bars and and that's what I'm good at because there's no real need to think about that but there are a lot of people in the gold space that like coins and they like the pretty pictures. And they and there's a whole massive industry and and culture behind collecting coins and rare coins so you have to be in a head space and and for fine art I mean art is a weird space which is pranop pranop predominantly run by by ways to wash money really let's just face it but but generally you have to really understand who an artist is how many they create. So it depends on where you're passionate where the fakes are wines of the same wines you know there's a whole industry of people collecting rare wine and even whiskey so it depends where you're passion lies I personally am not a big fan of the NFT thing I think there is there is definitely a lot of money for famous people to create like like for Jack to do his first tweet and and that's like something and you can say yeah this is Jack's first tweet I don't know I'm not gonna say that's not good. I don't know the right to resell it there is something there there is something with with with big boxes and and and the NBA and stuff but just generally people pumping gifts out and and stuff I don't know I don't know I think if you're already a famous artist or a great rapper like the crypto rapper here then you know you might have something there or if you were the first like Matt bitcoins over here to create NFTs well you know I mean you also had colored coins it's weird NFTs like this new big thing and it's been around forever but anyway have fun. I'm ready right now Josh and will you believe it I can get you an NFT of a wine bottle it's a digitized wine collectors club you would own the right to drink the bottle something like that just launched this morning my entire Twitter feed is all all NFTs now and our care thoughts on NFTs and Bitcoin and Disney stock. Do they do the you know like with the the vaccine thing they burn it do they drink the bottle wine then NFT or do they give you the NFT and then you can drink the bottle wine still exist the bottle would still exist but I think you drink the wine. That's a complicated question for the value of the NFT really kind of a religious thing you know about the spirit and the vessel it's a complex they've been arguing about this since the you know 16th century and such. Well I've heard the ship is easier stuff. Yeah. To me it's kind of a bit like stamp collecting or something like you can pay your load of money for something to be shit and it's completely useless but you know if enough people want to do that and then swap them on whatever else stamp collectors you so stamp like needs to be very popular among people diversifying wealth. And it makes sense in our digital world when we got to remember as well that like this huge phenomenon's happened in the past 12 months with COVID that we've been digitally bootstrapped we're now in 2025 so you know it's like welcome to Bitcoin 2025 and when you have these crazy half million dollar price predictions for Bitcoin 2025 then OK maybe is realistic because we've we've been catapulted a bunch of years into the future because everyone suddenly couldn't digitally native so you know it was always fairly obvious that there was a lot of money. But then we'll be these digitally scarce things i'm interested people find value of them and they'll diversifying to art and to game items and to whatever else then. So so maybe yeah maybe maybe some of this stuff makes sense for some people to me it's kind of like stamp collecting that's kind of cool. You can look through them you can swap home and whatever. And you should check out my cornflakes collection it's great. Yeah I didn't have huge value in like the stamp stamp so I need you to example because stamps can't actually be used for postage although the ones you'd want to collect are probably the errors and the ones you wouldn't want to use for postage but. I can tell you so I know I know he does his rooster's millions but I don't know if he can actually use like a penny back for actual postage rooster's millions to lips are awesome. But yeah no I do think you know it's the godfather curiopads that you should probably go underground and autonomous because seeing people be after you and your fortune your curiopad fortune. Oh yeah we're gonna break the NFT fat don't you worry about that martin wismair your thoughts on nft's bitcoin and disney stock. And Thomas I'm co hopefully as flat as a bank egg I'm not really an art collector I just like street art I want to burn my bitcoin on any any artwork really I just want to have the bitcoins and I want to have something I can hang on the wall I did notice that there is now a company that launched a frame a digital photo frame where digital picture frame it's like it's like a telephoto. The vision said but with a nice frame you can hang it on the wall and you can use it to this by your NFT art but then me no NFT art is useless product for me but you know I like the ideas I like the idea that you can now make digital art that's actually worth something because before that it was just copy based copy based copy based and. Yeah I think if people like it and if it art you know people have the discussion whether something is art or not if they have the discussion then it's art so you know but for me now just by my thoughts. If you use the power of imagination you can pretend that some of your bitcoin are Picasso's and summer season and summer mona's and this point 001 represents a basket to me and that's just as good as owning the NFT for a basket Dan Eve your thoughts on the exciting new world of bitcoin and NFTs. Well it's you know it kind of falls back as other examples people have said about being so subjective and you know I wouldn't pay you know money for like the I don't know the bed in the tape modern I'm in too many things I'm sure it was a college and like poo and stains on it and stuff and it was like you know and someone paid loads of money for it and fair beans they want to poo stained bed. I don't know what they do with it whether they use it will just have it in a room somewhere who ever bought it but it whatever tickles your fancy whatever tickles your gizzards ultimately but I don't know you know baseball cards have been been mentioned I think in the article actually it's about the baseball card sold for a $5.2 million and you know for for for someone to pay that much they obviously kind of want to and if there's yeah it's a free market right so if people want to buy shiko and still want to buy it. They'll buy shiko and if people want to buy stamps in my in my rap actually reference bag of bag hodling for later this about collecting bitcoin like it's it's a stamp and then you know you go to the extra level when there was really there was Virgin Bitcoin being sold so Bitcoin that you know a premium because it's you know it's Virgin Bitcoin it hasn't been spent before it's fresh from you know it was fresh or whatever. So will there be other values that would be you know Bitcoin events for example money a Bitcoin that could be traced the end selling for more for some reason because just owning that Bitcoin in the wallet that was from X event or whatever it does that have value I don't know maybe it does and talking of that going back to our refresh about what two years ago of that fateful trip from coin fest to Malta where have that been. And I delivered a satellite to add them back and unfortunately my accidentally sold the Bitcoin that Adam back gave us for expenses and I was meant to keep it forever and be like look at this from Adam. No I sold them down stuff so I can't even remember how I just did because obviously I'm multiple wallets and see someone someone owns those collectors Bitcoin now and they don't even know they don't know they came from Adam back. Yeah but it's also subjective and you know some some people like the fact that banks he shredded his his thing you remember that the on the Christie's as well and imagine probably the other wall and suddenly the hammer goes and it goes me and they're like. So yeah subjectivity is cool it gives people it gives varieties it makes us all different because we value things in different ways and one of the things that I you know explained to people about Bitcoin you know back in the day was that it's whether you give it a value or not you know it's this argument about the intrinsic value of Bitcoin whether it's just the value of the work that's been done or the value of the electricity or the value of the combined work and electricity. So the electricity of saying up mine is a twinkering all night and justifying that's how much you spend the Bitcoin for now that's all subjective so I think I kind of all for it the end of the day free market and if people want to buy. Who's staying beds and and and crazy stuff like that for for silly amounts of money then then why not. Kevin O'Leary would be able to tell you if that is Adam Bax coin but I just also wanted to say that. Only we found a good use for chain analysis you've been searching and we found it. Yeah exactly that was it. Speaking of a pustained beds there's a girl on only fans who selling her used bathwater each month for hundreds of thousands of dollars. Jet Grant would you accept just the NFT or would you want the actual bathwater. You need the real deal you need to get delivery. Yeah I don't know what she put it in and be kind of heavy but yeah NFTs are interesting that article though is really shelling stocks and companies you know dilute themselves the way the fed debates is the currency. So most stocks are very dangerous and that you get diluted rather regularly. So while the company itself is a unit that is a special unique thing the stock is limitless and not that and with NFTs I think we're in an interesting phase because everyone's trading like pretty shells that's what we're doing with NFTs right now and people haven't realized that these pretty shells can do a lot more than just be traded. And I want to see some NFT art that does things like sells itself so that you can't hoard it just randomly the art the NFT will say hey I'm going to sell myself I'm for sale anybody going to buy me you know and then that NFT could be bought out of someone's wallet just by paying to the you know through smart contracts you could do all this stuff or and you can set it so that you don't lose money it has to be sold for more than you know nobody gets cheated but. But that way you can't hoard it you can't just say this is my art and nobody can have it you know and I'd like to see more more clever and interesting use cases for NFTs there are also a lot of real use cases i'm actually building right now a solution that ultimately will get to the point where you can use an NFT with a zero knowledge proof to do KYC so you can get rid all that KYC bullshit. And the NFT becomes the what you transmit to the service provider instead of your passport and your picture of your face and all that crap so you just give them an NFT that says hey i'm clean and they don't need to know who you are anything they don't all they know is your address that you're transacting from. And that's that's where I think NFTs have some really interesting use cases when you tie them into a real world and we're going to need them because you can't you can't do defy with you know flash loans and this kind of stuff without some kind of instant trust that needs to be done so what we're doing is like an NFT trust token non hundred book trust token. Yeah i love that idea i've been trying talking about that for years wanting wanting to remove having once one step removal from KYC so i can turn it off if i get stolen i think that's great i'm really looking forward to seeing a solution that you. Yeah i'll share the white paper with you. That was awesome. That reminds me of course what they say in Soviet Russia in Soviet Russia you don't sell the art the art sells you. And this question is going to be a disaster but i'm going to ask it anyway exit question have you bought any NFTs which one is your favorite Josh shegala. I bought some rare purpose back in the day but no i just quickly want to add to jab to some of the other use cases of NFTs what i really like is we we we had this big problem with with mortgage back securities in 2008 and the fact the fat matter is that banks didn't know where the heck. Who owned what anymore because they were all cut up and splice and dice and sent this way and repackage then place the slice again and. And no one knew what that was my who owns my mortgage and there's even a court case or or multiple that are read about where people took their bank to court and said i'm not going to continue paying my mortgage if you if you can't tell me who owns my mortgage because why am i paying you. And and they couldn't tell and they sort of got the house for free if i can remember correctly anyway i think NFTs would allow you to package something up into an FTE if it's securities or whatever and then be able to trade those on and even split those but keep track of where they actually and who's got them and there's some interesting really interesting use cases already starting the defi world where you can start to build packages indexes of different. Shitcoins and then allow them to be traded for you but you have a receipt as an NFT which you can then trade on if you don't want it anymore instead of liquidating the internal assets there's lots of interesting things like that happening as well as well as the the art world of course the art world's the fun one and it does make for good conversation. And are Josh's Josh has got some rare pepes the what pretty much the first art NFT on the counterparty system Ben are any NFTs for you. No not all it is something which maybe I'm called culturally flies a bank as well as something which really doesn't interest me. I understand it has value and there will be worse something somebody. But I think I'm still amazed at how you can make multiple copies of digital stuff and I still think that's pretty awesome so I don't want to make something scarce apart from something like Bitcoin which is useful to have obviously need digital scarcity. But when it comes to images and music and stuff and video and whatever else and immediately in general I kind of want as much access as possible to everybody. But yeah there's obviously some fascinating use cases gaming and with art staff and for crykey for transferring ownership I just want public key cryptography to become much more like just understood by the general public for what it is because that will make life a gazillion times easier for transferring for making transfers things like property for a verifying identity just signing a message. And just signing over the deed of something just through public key cryptography makes life a gazillion times easier. So I want to see that happen and then the sensitivity stuff kind of overwhelm me a little bit because of the smart contracting and I think it kind of becomes vulnerable and there may be some bugs or whatever in the code. So it kind of scares me a little bit but it's cool. I've seen people experiment with the technology and been using it for useful stuff. This is great. Of course, but I don't own anything. Not fun. Everything's fun. Everything. Ben makes an excellent point about public key cryptography. I was talking to some friends earlier about NFTs and we're saying how the NFT is really just a pointer to the artwork. It's not really connected to the artwork. Maybe I have an IPFS hash if you're really lucky. But the connection is just kind of arbitrary. Whereas an NFT or a key connected to a digital object, you really would kind of have access control in that you'd have a unique key that fits a unique lock. But I don't know if that's exactly what people think they're buying when they're buying these things. You're getting a string of letters and numbers that represents a key that represents a token. As far as it having art on it or anything like that, that's more of a subjective thing. But I'm not sure that they're at that level yet. Martine, I know you don't have any NFTs. But if you did buy one, what kind would you get like a baseball player, a football player, rock star, computer programmer? I was stupid enough to spend some ether back in the days on the crypto kitty. So I have a crypto kitty. That's how you connected it. Look at these Bitcoin Maximals with their NFTs. I just like the idea that you could make baby cryptic capitol kits. But I never did that. I was bored with it. I just like the idea. And then I got my crypto kitty. I didn't have a rare one or something, but they all look the same. And it was just money away. Is it ever since the crypto kitty decided it's not just not for me? Just money wasted like all decorations and all artwork. Dan Eve, have you bought any NFTs? Do you have any favorites? I don't have any NFTs. I have thought about buying them. But what I do have, I'm even more proud of, which is that very coinfest where I may have got a bit tipsy and been roaming around with it. I found the bar with a with a flag, a Bitcoin flag after being put to bed twice. That was on the same night that we ended up what getting the airport for five at the morning for the satellite. So I'm actually in an NFT, which I'm extraordinarily proud about. And yeah, that's so I'm chuffed a bit some that I may get one soon. Look, yeah, I think they're kind of funky. I just can't, you know, the absorbent exorbitant prices that some of them are just insane. I think there was one I was looking at the other day. And it was like there were there. It was about toilet roll basically. It's like a toilet roll NFT and they're quite funky. It's just like a toilet roll heading towards the moon and it's floating and it looks beautiful. But it was like thousands and thousands of dollars. And yeah, I just can't, I just can't justify spending spending thousands of dollars on toilet paper. But especially virtual stuff. It's never too late. Jed Grant, have you bought any NFTs? Have you have any clever nicknames for your authentic authentication tokens, like authentication token one or authentication token blue, anything like that? No, they are unique. I haven't bought any NFTs. I actually find the the disconcerting amount of centralization in the NFT marketplaces. So that's something I don't like. But yeah, I'm intrigued by NFTs, but not not my cup of tea to buy. I'd rather have a good point. But I'll use the NFTs. You know, the tech is good. And yeah, the trust token. So we'll see. I'll have some of those obviously. It's up to me to stand up for collections and collecting and NFTs. Of course, as you guys know, I've talked about before, but we made this project back in 2017 with my friends Travis and ret called Curio cards. And you can check it out at Curio.cards. Basically, we made kind of the first art NFTs on Ethereum. And they were forgotten about for four years because they weren't very successful. But now everything's crazy and everyone loves NFTs. So they created a wrapper and you can sell them on open sea now. So obviously my favorite NFTs are Curio cards because at least two of them have my face on them. And there's a Travis one or ret one too. So I think that's pretty fun. There's a lot of Bitcoin related Curio cards. So if you like Bitcoin, you could get those. But in a more modern sense, I do want to throw a shout out here to wax and atomic assets. I got on there recently and a friend of mine sent me some wax so I could learn how to make my own NFTs and try out the platform. And instead I started buying garbage pale kids because the top baseball card company is putting official garbage pale kids. These kind of ugly baseball cards that they had in the 80s when I was a kid. And they're selling them on wax. And what's so fun is they're not just making old garbage pale kids, but they made new ones. I was looking at one and it was the Tiger King as a garbage pale kid. I was like, wow, this is modern. This is new and super fun. You can send around the cards in a link. I don't know how to do that yet. But once I figure it out, I'm going to send all these people garbage pale kids cards. And then they'll be stuck with NFTs just like I am and they'll be a collector and pretty soon you want the full set. You got to get the full set. I've hashed my wedding certificate into the Bitcoin blockchain. Does that work? It's very close to an NFT. And that's even with curial cards because it's a predecessor to NFT. It doesn't have all the features. Like the new NFTs, you can tell the minting order. You can be like, this is the first one printed. This is the second one. And the first ones were valuable. So with your wedding token, it might not have all the features of an NFT, but it's very close, very similar. And it's a transferable. Yeah, can you transfer your wedding to someone else? No, yeah, yeah, you can't do that. This isn't going well. Can you get a multi-sig? Uh oh. Oh, we're all in trouble there because we've had Josh's wife. But let's get away from that. Let's move on to the next issue. Oh, we're out of issues, but there's still a chance to get your world crypto network t-shirt. We've got t-shirts at shop.worldcryptonenetwork.com. And we've also got world crypto network. The audio podcast. Check it out. Our audio podcasts are heard. You can listen to audio versions of this show and other shows like it. But before we're over, it's time for predictions or story of the week. Dan, Eve, you're up first. Are you ready with a prediction or a story of the week? Go ahead. I'm not caught on the spot now because I've been having a good think about this about the topics that have been topical around recent topics. And so I have three. I'm armed with three and they're celebrity based ones. The first one is that Elon Musk is going to hook up his shiba inu to a neural network and use it to pilot the Starship SN15. Because hopefully it will land. The second one is that Trump's going to lose it and do a playgirl centafold NFT. And the third one is that Greta Thurmburg is going to turn out to make a formal statement about Bitcoin boiling the oceans. And they're there. They're my out there predictions. Because why not Bitcoin's going to hit 400 K mofos. We definitely can't get on Greta's radar soon enough. Jed Grant, do you have a prediction or a story of the week and obviously dance a tough act to follow this week? He is a tough act to follow. Yeah, a little story. We're about the open crypto alliance. It's also a prediction. And if you want to really amazing predictions, read this book called islands in the net. It's from 1988. I read it when it came out Bruce sterling and that book is just full of today. It's got Luxembourg bankers with machine guns on drones killing people in Texas and you know data havens in the Caribbean. It's today. So it's it's pretty amazing to read those predictions when they actually happened. But the open crypto alliance is gearing up and we're doing some interesting stuff. I predict it's going to get a lot more interesting. What we're doing is trying to prevent patents from being granted. So there were 22,000 patents supplied for in the last two years. And those are all in the review process right now. And once they're published, they're still not granted. And we can then file opposition by discovering prior art of showing that someone thought it is before and did it before. And we can block those patents from being being granted and keeping the technology behind Bitcoin and blockchain in the open free to use environment. So that's that's what we're doing. And I think we're going to see some interesting stuff coming up. It's open crypto alliance. Or we've got about 20 actions that are already launched and are going on on different patents. And or at open crypto X on Twitter to keep tabs on what we're doing. So I predict we're going to have some interesting stuff there. It's great stuff at the open crypto alliance and check out right here on the world crypto network for an interview with a Jed and I and Steven talking about the world crypto alliance. So it's good stuff. Let's see Josh a call at prediction or a story of the week. Yeah, oh man, we're so we're building such epic stuff at Voltau. We can we can I can't really talk about it, but that I would say it's going to be something totally new and amazing. And yeah, just I guess sign up to Voltau to keep keep an eye on what we're doing there because we'll we'll drop some of it on on all our clients over there. It's it's it's it's really really exciting and I just can't sleep. You know when you're building something so exciting, you just say, I got to build this and and all my whole team is like that now. And and it's really exciting. Even weekends I'm calling on my teammates and they're like, yeah, that's great. But I you know, I can't really I can't really say much more than that. I am so sorry. But yeah, definitely sign up to Voltau or sign up to the newsletter or something like that and all the RSS feed. If you don't want to give your email and check that out. And by the way, great work. Yeah, I really love what you guys are doing. It's it's really, really important work. And yeah, I've been keeping an eye on what you guys been doing since since we we talked on the touchy on the show as well. Very cool. Ben Arck prediction or story of the week. Go ahead. I really work with the open crypto alliance dog that is in the chat, whether it's still in the chat, because I think YouTube's like pulls out links or something from the chat. I think it's it is in the the channel that the yeah. So prediction. Some other bit stuff going on today later on six to the PM, he T time. So if it's up Pacific. It's like California time. So cryptography. He's doing some set some DJ set and then there's like there's an extension, which we've made where what we have made way. There's like a Eleanor, I'll pay. And then I think if you like the song, you can pay, you can hit. And then 90% goes to the artist and 10% producer. And then I think you get like a download link as well in your wallet, which appears so you can download the song or something like that. It's it's dead cool. I don't really know myself. It's all kind of been kept under wraps, but I just know this doesn't. I can make a mix in the get up. So it looks it looks like it's going to be an interesting thing. So if you're awake at that time, 60. Yeah, check out cryptography, T's Twitter feed and then I'm sure you'll be able to find the link there. There'll be some interesting cutting edge. Streaming artist payment thing happening. So check that out. It sounds awesome, but it's nothing like a pan to slap a guy and blow smoke in his face. It's a clear clear, a second place to that. Martin, wish mayor your prediction or story of the week. That's funny, but yes, I have two stories of these week. I think I just noticed. One was the. You got me off card with me. I first have to apologize. Everything is a bit slower in Portugal. Internet connection was becoming so slow that I dropped out earlier in the broadcast. So that's what it seems like it's okay right now. I'm not sure if you noticed the price had a bit of a dip small dip this week. But what I did notice is that more institutional investors got on board. So even though the price dips. People holding the onto their sets. Basically moved up the ranks of Bitcoin Wales because a more institutional investors were buying. So I have a look now then that quite a lot of the if we just look count the number of bitcoins at the institutional investors right now have like 6.76% of all Bitcoin evermind. However, if we look at at if we calculate the using the number of bitcoins that are possibly lost like about 3.7 million. Then we can see a different percentage where 9.54% of all bitcoins almost 10% of all Bitcoin mine mine to date are being you know basically are owned by by large corporations. And you know this for me is a sign that people if they're considering selling just don't sell because price will will probably keep going up. The second item I found this week which I really really like this. I'm not sure if the viewers are familiar with breeze wallets. It's one of those mobile wallets where you can. You know use the lightning network to make easy easy payments. They added a new podcasting feature. So if you're a podcaster you can. And then if you use a lightning wallet compatible podcast reader they can listen to your podcast and they can pay per minute they can say well you know Thomas is a cool guy is still saving for his laptop. I'll pay him 100 Satoshi is a minute and that automatically is your your basic you're streaming sets to the broadcaster so while you're listening you can stream sets in a constant way or just send a boost where you can say oh is it such a cool joke he just made. I'm doing a boosted with 10,000 SOTs and I think this is a great way to monetize. Like the podcast is the great way to use the lighting network because you can actually you can stream micro payments. You can't do with regular payment networks it's unique to the lighting network and even though we've seen similar applications back in the old days with Bitcoin with on chain transactions. It required prepayments of a certain amount into a browser based wallet and then it would deduct like per minute for the show or to for the for the stream and then once you close your stream it would refund to the remaining transactions or the remaining balance but in reality that often failed. But would you would your browser crash then you lost it all and there were all kinds of problems with this with breeze wallet. A podcast stream. Podcasts have to register there so Thomas will have to register with crypto network but he can actually stream Satoshi straight into the world crypto network wallet. Now that's just about the cooler thing I found this week so that was my news for the week I hope you all enjoy this. That sounds pretty cool definitely have to try it out and honor a mention whose course is spinks chat. Very cool plugin for lightning and all that which can do streaming for podcast it's after the fact but you can still like tip like 100 sets for the podcast whenever you hear something that you like. It's pretty cool but we're running out of time but we still have time to go to the Bitcoin predictor ball because otherwise you guys wouldn't know how to invest your stocks. So will the price of Bitcoin be higher this time next week here we go against the advice of the Wikipedia we're shaking the ball which could cause air bubbles to form. Decreasing the value of the ball but maybe not it's predicting abilities because it says will the price be higher this time next week. Signs point to yes signs point to yes so it's a very positive prediction from the Bitcoin predictor ball and we're running out of time so we're going to head towards the end of the show. Thanks to Jed for being our guest today thanks to everyone else for joining us be sure to give us a thumbs up. We forgot to say it a bunch of times today so just pretend that we said it a bunch of times and you're like oh they've worn me out and I'm going to push thumbs up today because they asked so many times. But yes thumbs up and subscribe down below if you're brand new we do these kind of shows every week for a long long time here so join the world crypto network and thanks so much for watching and till next time bye bye.

Primary source transcript. Whisper AI transcription โ€” may contain errors. Do not edit.