The Bitcoin Group. The American Original. For over the last 10 seconds, the sharpest Satoshi's, the best Bitcoin's, the hardest cryptocurrency talk. We'd like to welcome our panelists, Martine Wismer, from General Bites. Good evening, guys. Dan Eave, the crypto raptor. Ruining's Bitcoin. Josh Shigalla from Voltoro. Oh, hi, sorry, I didn't see you there. Adam McBride from the Adam McBride Show. Dogecoin is the new Bitcoin. And I'm Thomas Hunt from the World crypto network, moving on to issue one. Cryptocurrency Dogecoin surges ahead of Elon Musk's SNL gig. Dogecoin, a meme cryptocurrency that was launched as a joke in 2013, has risen more than 100% in the past week, as Musk, an influential crypto-backer, prepares to host Saturday Night Live. Musk, who announced his SNL appearance by tweeting, the Dogefather, SNL, May 8th last week, also wrote on Twitter that the coin will definitely make an appearance in a comedy sketch. The currency briefly traded at 70 cents per coin Tuesday and is now valued higher than Twitter and Ford. Martine Wismer, your thoughts on this sudden, unbelievable success of Dogecoin and Elon Musk's SNL gig. Yeah, I don't know what to say. I'm beffelt that nobody researches the basic parameters behind a coin, like 21 million max, like Bitcoin. Is that they go for the cute meme coin because Elon buys it and they don't realize that there's more Dogecoin mind every year than there is bullards and euros printed. So it's kind of like unbelievable that people actually throw their money at this. But one man's, Trishit coin is another man's in our fortune, so let them. I do worry a bit that once Dogecoin comes crashing down because, of course, eventually it will, that will be a call for regulating cryptocurrencies that it has fall out when everybody starts screaming, I lost my $50, I invest that it was supposed to be 50 million now, that people will get angry, blame crypto and will ask for regulators to step in because how could they? And that's bad for Bitcoin. So yeah, it's fun, it's hilarious. That's such a joke coin becomes like, you know, popular from the likes of like tweets, like Elon Musk, but I think it's dangerous because people really don't have a clue. Shout out to the 18 viewers on YouTube, the one viewer on Twitch and the 18 viewers on Periscope. If everyone could give us a thumbs up or read whatever you do on Twitch, you're the only guy there. Yeah, great. The show is just starting out and we're getting started talking about Dogecoin. Josh Shagalla, your thoughts on Dogecoin. What's the modern rise? Well, we're living, you know, there was the medieval warming period, the cooling period. There was, you know, the, the, the stone age. And now we're at the stupid age. We're at the age, you know, this, this will be known in, in history as the age of stupidity and idiocy where a coin that literally has like, like billions and billions and billions of them, there's millions. What is the reward every block? I was just trying to find it. It's silly. It's like, it's, I don't know the exact, if someone could tell us in the chat. Billions and billions and billions and billions. Billions. Like, it's a joke for that reason, you know. I mean, there's someone sent, I think it was like 558 billion of them just recently. And I'm like, I, people, it's not worth this. If you're buying it now, you're going to get hurt really, really badly. It's, it's funny in that it's, it's larger in market cap than Ford. I think it's hilarious. But man, it's going to really, can you, you're going to feel what being rect is if you take part and you don't want to be the butt of the joke. That's what I'm saying. Basically, just, you know, much regret. That joke isn't funny anymore. Adam McBride. Oh, it's funny, my friend. It's funny. I got to say, I think it was Tyler Winklevoss said, you know, doge is buy the people for the people. I see you shaking your head laughing and the people, the people, the ones who are right. They will get rect eventually. I honestly feel like there is room for a coin to move in which kind of has this kind of fair launch thing to it where it doesn't seem to be controlled by a single entity. I kind of feel like doge is opening the door for potentially another coin to come in and do something similar to doge. But I don't know, man. Of course, everybody, I do believe Martin is correct. There is going to come a day of reckoning and everybody and their mother who put in a hundred bucks is going to be crying and calling for regulation. And you know, I'm sure the government would love to come in and regulate this, this whole space and I expect it to happen. None of us want that. But it is fun while it lasts. The great doge backlash. Okay, sorry, I've got the go ahead, Josh. I've got the reward. It's 10,000 doge plus 143.44 for the actual, I think the fee. So that's 10,000 doge every block. I think there's a block mind every, that's the next thing on here one minute. I was going to say one minute. So how many doge is it? Martin sitting there cracking up Martin, do that math force. Is that a trillion new coins every hour? What is that? It's a trillion something. I don't know, it is too much. I mean, people can't do the math on this. I'm going to get out of fiat. They're just printing way too much money. Too much money. It's people like things where they can get lots of units. They don't care how many units you're printing and what a scam it is. They just like getting lots of penny stocks, right? Well, that's that's why the US dollar is done so well for so long. At the core, people cannot do math at the very, very core. The majority of the world's population cannot even do very basic, simple math. That's just that's just it. And the information is not available. Everyone just saw how quickly Josh was able to find out the information about Dogecoin. We went from not knowing to knowing. They're making what is it? Six million doge an hour, something like that. And then if they're making that every day times 24, 128 million doge every day, something like that, somebody do the math. I'm going to get the chat up because I know the chat is ready to do math for us. But you can Google this. This isn't like the Federal Reserve where you have to go to the basement of Fort Knox and then find out how many digital dollars there are and how many real ones there are and how many of them are on pallets sent to the Middle East and whatever else happened to those dollars and they're all serialized. But you can actually find out with Doge, but no one will. No one wants to go back to what Adam said. Unfortunately, the coin you're talking about is probably like coin. Like coin had a relatively fair start. It had a different algorithm than Bitcoin. So script versus shop 50 to 56. It served as a test platform for segwit during a time when Bitcoin was too political to adopt segwit. It has Dogecoin merged mine with it. Dogecoin exists because of Litecoin. At the time, Litecoin had four times the issuance of Bitcoin and I think a fourth of the speed. Two and a half minute blocks instead of 10 and four times 21. So 80, whatever. 84 something like that. Really? But you know what it doesn't have? Memepotential. Litecoin. Shitty name. You need a good name. Right? It's going to be me. I'm a feather. How about feather coin? It's a feather coin. It's a feather coin. It's a feather coin. It's a feather coin. It's a feather coin. It's a feather coin. It's a feather coin. It's a feather coin. It's a feather coin. It's a feather coin. It's a feather coin. It's a feather coin. Yes. So you start going to get to the point in a way that you would definitely make that perfect if you only have a feather coin or a feather coin. You have to count that over. Yes. Let that be Enter now. The right points. What else? So people would get you to get you back to the moment when you buy this with thats squad of Gorae. think he's a billionaire, he's just invested in Bitcoin, because he knows that he's now tweeting about Dogecoin. And let's be honest, if it was half a penny, half a cent or whatever before December. So he's done a very good job, and I think February actually, he started tweeting it, but the bulk of the pump became after he tweeted. I mean, you look at the charm, it's just like a, and people are lazy, they're not gonna sit there and go, right, now I'm gonna do my research, I'm gonna go and check out Bitcoin, right, what's the supply, it's a finite supply of 21 million, and here's the schedule, they're gonna be like, look at this Dogecoin, it's just like, like that, when's it gonna stop? I don't know, because I thought it was gonna stop when it was like one finger on the coin market capture. And now it's like two of my fingers, so I'm gonna try to turn my hand, and they're just gonna keep on looking at the basics. In terms of it being the numbers, it's relational, like, oh, not relative, it's all relative, but it's not relative. And if you think about, if Bitcoin wasn't 21 million, like, what's the right number? If Bitcoin was actually 21 billion, everyone would still be sat in the same argument going, well, there's only 21 billion. Like, that's just the number that Bitcoin is, and that's what people have kind of, have caught on to, the fact there's a finite supply. To me, the number is kind of quite arbitrary, because it's divisible in less than, down to eight decimal places, and then you can argue further that people can decimalise it even more, and then, you know, e-count a bit more of that. So eventually, when Bitcoin's so expensive, that once a toshi can actually be sub-training off chain for like a thousand of those, or 9.9, whatever the number is, I don't know, all the numbers are arbitrary, or as it were. But no, I think, you know, those coins looks like it's going to the moon. I'm not gonna lie. I don't actually don't own any those coins. I wish I did. Like you guys do. Like everyone does who doesn't own it. Just like all the Bitcoiners who don't own Bitcoin, I like, oh, I wish I own some of that, but I'm gonna slag it off. You know, I know in my heart. And the core gets to like, you're, it gets to the core part of human nature, which every single human on the planet wants to get rich quick. There's something in our genetics, where that is just a part of human nature, right? When I moved to Costa Rica, there was this scam going on called the Brothers, whereas basically a Ponzi scheme. And these guys had run it for 20 years. The, my first week here in Costa Rica, somebody I just met came up to me said, man, if you have $5,000 laying around, you got to put it with the brothers. 36% interest per year, 3% per month, man. And they've been doing it for 20 years. And I said to my look and straighten the eye, I said, that's a scam. That's a Ponzi scheme. He said, who cares? It's paying 36% a year. That's all you need to know. That's the way humans are. Exactly. Even people that know it's a scam will go willing into it. I know loads of people that made a lot of money off of one coin. And I'm the idiot in a way that went, no, that's bad. And they were like, oh, you know, and that's what happens. Like people will see in money making opportunity and they'll make the most of it. And it's cool, if you think about the, you know, the, the, well, at least when I first started in Bitcoin, a lot of the, you know, a lot of the people were the same. The learning points were that, you know, it's about the power of the network and they, you know, they've on site to Metcalfe's Law and about the fact that the more people that are using the network, blah, blah, blah. And, you know, we, I said, just before about like the sentiment analysis about what the community is saying. And the community is saying doge. Like that's the, whether, obviously people are saying Bitcoin as well, whether the same doge for a joke. The fact is that everyone's talking about doge. And when you've got an entire army and we saw this with Ripple going from nothing to like $4 in 2017, when you have an army of people blind as they may be, metaphorically in terms of the, you know, you know, the numbers and supply and blah, blah, blah. When you have an army of people to eat and you about it, it's going to move because it's being, it's being picked up on by all the, all the sources that look for these things, look for the indicators, look for who's backing what, who's, who's kind of buying it and who's she chilling it. And yeah, it just pumps. So bad, bad dog, bad dog. Memepower, the meme power is certainly the most strongest thing that doge have going for it. But unfortunately for them, they've picked a very difficult coin to support. Given the amount of issuance, they need a certain amount of new buyers and not just new buyers, but buyers who are willing to pay more than 70 cents, more than 75 cents, buyers who are willing to drive it up with great amounts of cash. So while they have lots amounts of meme, it depends now if they have lots amounts of cash. Yeah. By Josh. No, you know, the funniest thing about this whole crypto world is that people are obsessed with the numerator and not with the denominator. And for those, this is like, this is basic math folks. If you weren't focusing in, you know, math 101, the numerator is how many parts do you have? And then denominator is how many parts is the whole divided into? So that's the number that you want to have a look at. How many parts are there? Because it doesn't matter the numerator. If you've got 100 billion of them, if there's 100 gazillion of them, you're still poor. You lost me at math, dude. Yeah. No, no, no. I'll be editing it later and make a video where Josh explains fractions. Moving on to the exit question. Let's see if I can get the right screen up. Oh, I see it's on this one. Hold on, just say, everything's falling apart. I'm going to show you the polls from Elon Musk. We did a series of polls on Madbitcoins, Twitter, polling institute. And we have the important results for you right now that we can share with you about Elon Musk. Here we go. The first question we asked, we asked everyone on Twitter, does Elon Musk have feelings? 42% said yes. 57% said no. 90 people voted. We also asked, will Elon Musk feel bad if all the Dogecoin investors lose their money? 16% said yes. 83% said no. 132 people voted. So now I ask you, Martin, will Elon Musk feel bad? And more importantly, will the price of Dogecoin go up or down after Saturday night live? You had 200 notifications on your Twitter stream, by the way. So you might want to check that out. But yeah, I don't know. I really can't take this seriously. And although, you know, it general bites when we started with altcoins back in the day. I was the first one in the Netherlands to list both light coin and Dogecoin. But it was just to derail the, is Bitcoin, is Bitcoin money and should we regulate it? So this is why we supported it. But for Elon Musk, it's all a big joke. He doesn't care. And I think he should be more careful in exercising is like Twitter stream influence. It's like you can do real damage with this. All the other people, they'll just follow him and they'll just buy whatever shit coin he put. And it's like Joe McAfee went to jail. And Elon Musk is on Saturday night live. So I don't know. I can't make any predictions on Elon Musk. He's just one word unreliable. This is like my, my tweet, you know, this is driving him. I was an excellent comparison Martin, Elon Musk and John McAfee. I wonder, it just doesn't make any sense. Josh Shagala, earth thoughts on Elon Musk and Saturday night live. So there's a great podcast called Hardcore History. And in Hardcore History, I learned something very interesting that a lot of war was just kings that were basically mates going, I'm bored. Let's send a bunch of truth. Let's have a war. Let's have a war. That'll be fun, wouldn't it? I've got more arterial this and you've got lesser. And they just would have these skirmishes killing all these people for fun. That was their fun. And you'd see like, oh, you won this time, oh, well, you know, it's not like a lot of the wars weren't like what you think where you were really getting invaded and all your women and children would be fodder by the enemy after it was literally just sending troops at each other and see you one and I, I see you, oh, bugger, you won. That was what a lot of these wars were. When I look at Elon, this is kind of the same sort of thing. Elon's there going, oh, doge just send a bunch of these poor suckers that are buying this stuff off to the fodder, get totally wrecked because they will get absolutely sma- I've had, man, my WhatsApp's been blowing up with people that don't have a clue that I haven't talked to at ages going, Josh, I'm about to buy this doge thing. I'm finally in crypto and I'm like, you know, and it's happening all the time, it's happening all the time and it's really, and I'm like, don't you fucking dare. I've even had someone saying, I a friend of mine told me to mortgage my house. And I'm like, can you not mortgage your house like at the top of the market or even if it's the middle to the top, just stop. Like mortgage when we're going down and get ready and then slowly cross-average in or something if you really want to do that. But, you know, what my comparison is, don't be fodder for the elite that just have fun playing with their words, oh, doge by it, knowing like, this is fun, watching people get fully wrecked. Adam McBride, will the price of Dogecoin pump after Elon goes on SNL? No, I would expect a huge dump after the SNL show. I think it's pumping right now. I think coins associated with it, like what's the one, Elongate coin has been pumping the last couple of days as well, leading up to this, they're just hoping and praying that something big happens and it brings it to even wider stage. And more friends of Josh will call them up and say, what about this Dogecoin? It's a whole, it's a Ponzi scheme, right? It's just getting more suckers to buy in and everybody, including myself, thinking they're smart enough to get out before the thing dumps. I mean, that's what it is. It's a giant Ponzi scheme. Humans love Ponzi schemes. And everybody's playing the game. It's just, it is what it is. It's hilarious. It's amazing. Elon is obviously the genius of our time. He is a genius of the highest order. And I think Josh is absolutely right. He's just having fun with it. He's having just the time of his life doing this sort of stuff. Because the reality is this is the type of thing he would love to do with Tesla and SpaceX, but can't because the SEC would throw him in jail. And so this is right down his alley. Dan Eve, future prediction. The sketch that Elon does on SNL will be about people living on Mars and paying in Dogecoin for air. I think so. I'm with Adam that he knows that. And Elon has a wrist slap about the, you know, tweeting about things that could move Tesla's share price. And so, and I think that he probably knows that even though he's tweeting about Bitcoin, there's going to be a point where that it becomes under the same kind of regulation of the, you know, pumping and dumping and trying to minute be like, price and therefore it's much easier to go. Of course, I wasn't trying to manipulate the price of Dogecoin. I was just having fun. It's a fun coin. It's not my fault that most people are idiots. But he will be able to get away with it because it's a, it's a fun coin. It's not something that's meant to challenge the dollar. Although it is, I mean, I don't know what the, what the, what the stats are right now. But last on my check, Dogecoin was like, it was rapidly making its way into the top 20 of like monetary supplies around the world. So, so I think it's probably even further now, further in those, they, you know, it was the word challenging some of the smaller countries of the world and their market caps. But everyone, remember that, yeah, market cap is, and this is something that's mentioned, you know, quite a lot in the, in the old school days with coin market cap is, is that it's not all about market cap because of the control that other cryptos have on the supply. It's like, you know, market caps just again, in itself is an arbitrary figure because you could print, you know, X trillion of them, but you, you know, your current supplies only only Y and therefore you're still up there in the, in the, you know, in the, in the ranks of the top 10. But you've got this amount that's not people don't know about. And that hasn't been released yet. And it's going to release of it. It's going to just devalue the coins. And there's so many factors more than just market cap. But I'm saying, because I don't only own any, I'm saying Dogecoin to the moon. Goddamn it. I just want to close with a plea for my friend Jackson, who's the nicest guy who made this Dogecoin thing as a joke because he hates Bitcoin. And Jackson never owned any Doge and he never mind any Doge. I always thought he did. But then I got to know him pretty well. And he hates Bitcoin. He hates Dogecoin. Please don't buy this coin. Don't make this into a million dollar coin to break poor Jackson's heart. Because you know he's out there just screaming about this. Just screaming. So it's my favorite. It's my favorite thing of the whole Doge is that you've told the story about him and how he made it as a total joke and his joke. It's like Frankenstein turns on its creator. And it's totally dwarfed him. It's like his legacy for the exact wrong reason. It's fantastic. I love that. But imagine what they did. They took the Bitcoin QT wallet or the Litecoin QT or something. They made a copy of it. They changed the font. Now this is again, this is a design sin. This is a crime. They changed the font to Comic Sans. And then they put the Doge mascot on there. And at first I thought that they found the Doge or they invented. No, Doge was a previous meme. Doge was already popular. So if you're here for Doge the Dog and you're all about this Shiba Inu culture and like that's your thing, you just are being moved along. That meme was actually sold to a mead or something. The notebook company. And they're going to make notebooks with the dog on them. And they own the meme. So you're just promoting some stationary company. But as far as this Doge coin thing, you're promoting Jackson and these other guys who made a copy of the thing, put Comic Sans on there, put this absurd structure of billions and billions and billions. Because it was fun to say you were a Doge coin millionaire. It was like your rich for $20 or $10. And now it's becoming true. And people are becoming Doge coin millionaires. And again, just sell. Sell. No financial advice. No, don't do that. Anyway, I have financial advice for you from the ball itself. I'm going to go ahead and break the rules. We're going to ask the Bitcoin ball about Doge coin because I know that this is how you make your decisions. So will the price of Doge coin collapse after Elon Musk on Saturday Night Live? Shaking the ball. A lot of drama the people at home were like, if you just shake the ball properly, you don't have to tear it out of there. I think it is. Outlook not so good. So the price of Doge is going up. The ball is speaking like Yoda backwards with great knowledge. We are all completely wrong. And the price is going up. So the ball says, buys much. Joe's coin as you want. Moving on to issue two. Issue two coin base transparency report shows that the United States leads the way in Bitcoin user data monitoring. Major cryptocurrency exchange coin base has released its latest transparency report providing data on customer information requests. It received from government and law enforcement agencies between July 1, 2020 and December 30, 2020. Among the insights into who requested user information from coin base, United States remains the most interested in tracking the activity of Bitcoin traders. While Coinbase facilitates the trading of many cryptocurrencies, Bitcoin makes about more than 12% and $1 billion worth of its volume. Josh Jagala, what are your thoughts on the United States? Apparently large interest in users of cryptocurrencies, such as Bitcoin. Well, you go around the world starting wars of aggression to promote freedom. And then you've got to crush the freedom back home, got to crush it, you want to make sure. And also, you know that they're not looking at the transactions to try and bust baddies. They're there just to get their cut because some people aren't paying their cut. And so that's what they're there for to look for their taxes, not because someone selling something illegal or doing something illegal on the dark markets. So I mean, that's my take. I have no real proof of that. But that's most likely what it is. Yeah, I just find it unfortunate that they aren't focusing on other things like actually promoting the use of currency or digital currencies rather than sort of destroying it with ridiculous regulations like the New York Agreement, the New York bit license and such. That's where that focus should go. Not this ridiculous spying. Private eyes, they're watching you. They see your every move. Adam McBride. Love that song. Hall of notes, baby. You know what it is about for me? Of course, the IRS and all the agencies within the US government absolutely love having coin base where they can go to one entity and get all their information and data. And I laid a bet on coin base, coin base dumped this week and not financial advice, but I'm giving you financial advice by coin base because the reality is, is the US government. If you believe the US government's going to be around, and there are a lot of Bitcoiners, you don't believe it, but I believe it will be around. They want an agency that they can control and a market that they can control and look at and make sure they're getting their fair share of taxes, as Josh said. And I think coin base, being the first and being the biggest, is probably going to be the winner in that space. And so if you look at it from that perspective, coin base wants more regulation. We just talked about regulation coming in the space as the government of the United States going to want to come in and regulate and control the entire crypto space. Yes, they are. And coin base is going to be right there because what happens when you come in and you regulate a space, only the big players can survive. Small players can't come in. It takes too much money, too much energy, too many bodies. And so who's going to be the winner when that happens? There's probably only going to be one or two winners. And so coin base, take a look at the stock price today. Crypto Raptor. I think what's interesting is that, that it's like one of the statements in there is that while Bitcoin facilitates the trading of many crypto currencies, Bitcoin makes up more than 12% of its volume. More than 12% is nothing, isn't it? It kind of goes to show how much money is in shit coins. Let's face it, there's why. But people will bliss so many shit coins is because whilst Bitcoin is King, Deen, Queen, Deen, is it worth what? Being fair and social with that. The fact is that shit coins make a lot of money for these companies. And they've got the standard acceleration of like, oh, this is price less than Bitcoin, because nothing's priced at like 54K or 56K. Whatever it is now, it's crazy money. So everyone's coming in and they look at these other currencies. What also is quite reassuring, not that I would have any issue, is that US law enforcement agencies made some 1197 requests for user information. That's really low. I think that just sounds like it's extremely low. Considering how many people that probably are millionaires that are using Coinbase in the US and even say that the next most law enforcement request was from the UK in 597. So it's kind of reassuring in the way that it's not a complete all-out assault on, across the board, we want everyone's details who have made X amount of money out of Coinbase. But at the same time, it kind of, it does still suggest that it's not being used for people's good. It's like the whole, the safety camera fallacy, where they started putting safety cameras up, car safety cameras up everywhere where there weren't accidents. It became a money-making thing. It was, as Adam said, you want all of the money in one place where you can regulate it and you've got one person to knock on the door of and say, hey, give us access to all that data. So it's kind of a shame, unfortunately, that people's privacy doesn't, it's trying, the government can just peek in, et cetera. I can understand why people want the ability for governments to peek in from a safety perspective, but we keep on going over this. Where do you draw the line at people's transparency? Should all of our conversations ever be regulated? Because at the end of the day, if someone, if you can prevent, it's like that minority reporting. If you can prevent something bad from happening before it's even happened, then surely you should just end the person at birth because they've got a gene that does something. And where do you stop? Where does it end? Blah, blah, blah. But yeah, I don't know. I think that Coinbase is here for the long run. They've done all the bits and bobs to make themselves regulated and kind of cozying up to the government and not doing. Maybe because they're not as big as Apple. When Apple said, hey, we're not unlocking our phones for you. We're above that. Maybe you'll eventually get that to that place, but I don't know. But it's sad that unfortunately, privacy loses again. Martin, Wismer. Yeah, the report mentions absolute numbers. And I think this is a bit of a wrong impression because of course, the US is huge with all these states. And so it's all the US states together. And so if you look at it, from that perspective, if you think that countries like the UK and Germany, they're watching that, and they're people even more. Like even the Netherlands, tiny little country, most people won't be able to pinpoint on a map. It had still a number of requests. And so I do like the fact that they have this transparency reports because it does show that it's good, just like Google publishes those takedown reports. And I wouldn't trade as Dan said, if there is only 10% or 12% of their trades are in Bitcoin, this is I think why people on the street call it shitcoin base instead of Bitcoin or Coinbase because all these junk coins that they sell, yeah, they make money on it. But I think it's almost an ethical thing. So they should just, I don't know, I wish them well. I'm not picking up on Adam said, fights to buy coin base shares because I think this is like full circle back to the old school way of investing. But yeah, Martin's probably right there. I'm probably wrong, but you know, I just these big government when you're probably right, there's probably better places to put your money. But for me, I just look at it as kind of like a Facebook play. And I know a lot of people hate Facebook, but when I bought Facebook at 30 bucks and people were like, oh, it's terrible. There's only one and they're terrible. They're controlling the market. Yeah, they're controlling the market. It's a monopoly. I get it. I get it. I get it. But sometimes you gotta read the tea leaves about what's happening and say, oh, wow, this is happening. Yeah, that's right. I mean, if anyone's read Atlas Shrugged by I and Rand, this is what it's all about. It's about regulatory capture. And this is the game that they're in. It's like quickly build a startup in a space that's basically got around the banking regulation law. Like banks had, banks had built up so much regulation. That's why I find it funny when people on the left are like, we need to regulate the banks more. Well, I guess I mean, they've already totally regulated themselves and then the right, actually, I don't want to make this live right. But they regulate themselves so high that they couldn't even like look over the wall to have a look at what this new Bitcoin thing is out there. And they couldn't keep up. So this wall was great for them because no startup could start and compete against the banks. And the word FinTech hadn't even been around. Like the only thing that had been FinTech was PayPal and this whole like revolution in the internet. So Bitcoin really like caused a massive new paradigm shift paradigm shift that they built this regulatory nightmare around them, which was great for a long time because it protected them from competition. But then they couldn't get out from their own regulatory capture. But now that Coinbase has got this, they're trying to build that same mode, you know, not trying. I don't want to say that. I think they're, you know, they're good. I think they're an okay company. They're just doing what they're doing. But it's the fact that they are playing that game. They're playing the status game of protecting themselves with regulations and building that so high that startups, see, they don't mind if there's New York licenses and stuff because they'll just pay for that license. They'll deal with that. But anything that startups try to come in and they'll be like, oh, the regulatory overhead is so hard now to deal with that they can't, they will protect themselves from competition. And that's why I find it so hilarious when people say, we need more regulation because all it does is protect the establishment and stop the startups from competing. 100%. That's 100% right. 100% regulation is killing innovation, ushering. 100%. And I don't think it's a good or bad. I don't think it's a matter of good or bad people, good or bad businesses. I look at it as this is the DNA of humans and DNA of the way humans run companies and businesses and everything. It's just the way it works. And so, you know, the ideal situation is to not regulate. The ideal situation is to allow free competition. And then the small, quick, fast, flexible player can come in and beat the big dogs. I do think it's important to second what Josh has said here. If you read Peter Teals book zero to one, he describes the exact pattern as a startup should be attempting to establish a new monopoly. Amazon should move quickly and lightly and be small and keep their prices low so they can establish a long lasting monopoly where they can jack the price up on the now trapped consumers. He describes this with glee in the discussion. So everyone has this romantic idea of startups because we watch Silicon Valley, the TV show and everyone fantasizes about working in a place where they have a ping pong table. Right. Well, let me tell you that ping pong table to me looked like death. It looked like we were over there playing on the ping pong table. They knew right away who was not doing their work. And when it comes to doing your work, they wanted you to work in the morning and the evening and in the weekends and in the holidays and then all the time of your life. So is that worth it to have access to a ping pong table that gives you an incredible amount of anxiety? And maybe it's if it includes free sushi. Yes. And they thought they do your laundry for you and they have a massage. And you could go get a massage at any time except for the time that you're supposed to be working on your work and working like a startup and like grinding it out like at EA. And you do these like 27 hour days and all this kind of thing. And at the end of the game, they just fire all the programmers anyway. So get ready for the startup life. Maybe we should think about the things that we hold in high esteem and the reason we hold them. So and the fact that these startups can make money so quickly by taking advertiser money or doing unethical things or both or all these things. Maybe we should. I just want to say because girl bought, girl bought, sorry. Sorry, girl, but you said in the chat, you know, yay capitalism, but this isn't capitalism. That's right. Bingo, it is absolutely not capitalism. This is not. When you when you regulate, it's not capitalism. It's whatever this system will bear. Whatever the system will bear. It's absolute corporatism. It's it's a type of fascism where you combine the private and the public market. The public is the enforcement of your of your business. That's and that's something other than government. Yeah, I mean, we use the term startup and all this maybe only happens in startups. No, it doesn't. Like I used to I whatever. I painted houses when I was 13 years old. I wanted to guess what? I undercut the guys who were like professional house painters because I was only $15 an hour. It was super cheap to hire me to paint houses. And you got what you pay for, which was garbage. But I was competing against them. I would have gladly painted every single house and had nobody competing against me. That was my goal. And I'm just sitting there painting houses. It's every person's business goal. And whether you believe it or not, it's it's intuitive to the nature of running and starting a business and being in business. So it's not the evil startups and it's not evil capitalism. It's only evil when government gets involved and puts up moats like Josh talked about. A startup is like one of those factories in the 1920s. It's a fun place to work, but you might lose your hand, which would affect your pinball game later. Your ping pong game. It would all go downhill. All right. I think we're going to the exit question. Uh, I don't know. Is there any other country besides the US? They'll be interested in this Bitcoin data or it's coin base going to go up. What do you guys do want to answer? Dan Eve, you pick the exit question. What exit question do you like? Well, Coinbase re-list XRP. There's a dirty one. There we go. Let's continue with the dose coin theme. Will coin base cave to public demand and list dose coin? Adam McBride 1000% look. What is it? The Winkle Voss guys. I think they listed it the other day. This is just destiny. It's going to happen just some out of when. Martine Wismar, will coin base list dose coin? Of course. Look at all the other trash coins. They're already listed. They have like zero ethical, you know, they don't care. They don't care if it makes them a percentage. They'll list it. Crypto Raptor will coin base list dose coin. They will list your mum coin if it makes a profit. And finally, Josh Tagalog will coin base list dose coin. And what about Voltoro? Yeah. Yeah. I like money. You want to sell your doge for gold and then gold for doge. It's so your gold buy some doge or sell your doge buy some gold. Who might have stopped you? Do you already know? Amen. You're right to freedom. You're right to sell gold for doge. Because that would be a really good idea. Give up to gold and get the doge. Anyway, check out WCN clips, the new channel from the World Crypto Network. We've gone incredible clips like NFT Gold Rush again, Bitcoin experts, baffled. And why Bitcoin is going to skyrocket soon? I see we're even starting to get into the all capital letters YouTube, which is an important YouTube that we want to be in. So please subscribe to WCN clips and share the videos. We're getting quite a lot of them. It's your chance to be in on the first 100 subscribers. So Google WCN clips on YouTube. Yeah. And if you don't thumbs up, we're going to start doing like faces like this. And then it's going to be like, well, it's like, what is this golden gem? It will use all emojis. It's the big emojis, yes. It is funny if you want to be on YouTube these days, you have to, I suppose, take pictures of yourself close up to the screen just going on. Yeah, Martin's got it down. The surprise. Yeah. You got to show it on the screen here. I'm so over it. YouTube, can you just fucking stop it? Oh, man. This is what happens. You get algorithms gone bad. I mean, this is what happens. Algorithms just gone absolutely bad. I don't know if any of you guys really watched stuff on YouTube. I watched quite a bit of YouTube. And it puts you in such a niche that you don't, you can't find anything else. You can't, you actually literally have to search for very specific things on YouTube. Or you want to find stuff. Like right now we had the NFL draft a couple of weeks ago and I'm into the NFL, NFL draft. I'm telling you, all I'm getting fed is NFL draft stuff. The draft's over. I don't want to watch it anymore. But YouTube, no, no, no, I watched 15 draft videos. That's all I'm going to get. One time I clicked on a video and I watched a guy talk about a watch and it recommended watch videos for the next two weeks. I'm not interested in watches. I don't have money for watches. I was interested in that one video and the guy did a great job talking about watches. But I don't need that. That's not for me. Hey, I used it for my advantage. I used it for my advantage. I'm keen to have another child with my wife and she's like, I'm not ready yet. So I like, I would go on a computer and say, how fun it is to have a second child. And then now she just keeps getting, how fun it is to have a second child. What a great strategy, dude. That is fantastic. I'm going to use that one. Not for the kid though. I'm working ahead just like Target that one time when Target knew that the girl was pregnant and her family didn't because they had access to her purchases. Moving on to issue three, JP Morgan's Jamie Diamond, Bash's Bitcoin trading, but also enables it. Yesterday, JP Morgan CEO Jamie Diamond found himself in an awkward position of having to admit that his clients are clamoring for Bitcoin while in the same breath saying that he was not a Bitcoin supporter. They want to be able to put it into statements. They want to buy and sell it. And if we can help them do those things very safely with all the proper disclosures," said Diamond. Then it's their job to decide what they're going to do with their money. Adam McBride, Jamie Diamond seems to hate Bitcoin. But much like anyone else, he's glad to make money off it. Do they have a word for that? Does it start with an H? Hippo, Hippo, Hippo Crit. Look man, everybody on earth knows JP Morgan manipulates markets. If you're into, well, we got our guy here, Josh, who's in the gold market. But if you know the silver market, and I know a lot of guys in the silver market space, JP Morgan's been manipulating the silver market for decades. And so do you trust a word that comes out of this guy's mouth? He's just a banker, right? All the bad things we just talked about, creating walls of regulation, manipulating markets. This is what they do professionally. This is their profession. With crypto, we have a little bit of a chance to take these guys down a couple pegs. Let's hope we do it. Dan Eve, the crypto raptor, should everyone get their Bitcoin from JP Morgan, a guy who hates Bitcoin? Whatever happened to JP M coin, remember there was like JP M coin was meant to be their version of Swift and or XRP, like the official banking version of XRP. But whatever happens that, I don't know, but they also, and now I'm sure I read like years ago that they had 160 odd failed patents for blockchain based technology. And they were smoothing also smoothing with Z cash and they've been trying to make money off for years. And I think without trying to let their business open to the pump and dumps of Bitcoin, I'm just not saying, you know, not that orchestrated pumps and dumps, but the general market cycles of Bitcoin. You know, he could just, he could say that he's against it, Yard, Yard, Yard, who cares about Bitcoin? It's a fraud, as he said before. And then, you know, he can let his Swedish arm by the 9,000 contracts of XRP to the next day or what, you know, he could do what he wants. But by saying as a person and just let JP M as a company, you know, kind of slowly e-kint to it and try and make money out of blockchain or Bitcoin, however they see it in any way they can. What's, what's also funny is that, is that, yeah, I just think that I'd imagine, I would have imagined that the JP M because of the history of, you know, with Diamond being so public about Bitcoin, they would have been actually a lot quicker to jump on the bandwagon before like Morgan Stanley and stuff. It's already been openly out there saying, a Bitcoin's crap, it's a fraud, blah, blah, blah. Surely, as someone who is meant to know money, you know, and, and they, there's a certain number of people in his circles, they're sat there going, I've just like millionaires or multi millionaires like Jamie, you twat. You told me that Bitcoin was a fraud. Like, that was it like $3,000. Well, I'm going to take my stock out of JP Morgan because you go, you obviously don't know what you're talking about. So let's see more of that. Please sell JP Morgan short JP Morgan and go long Bitcoin. Thank you very much. We interrupt this show for a message from JP Morgan. I was wondering if you found that I just found the link myself on February 1st, 2021. JP M coin is a permission, shared ledger system that serves as a payment rail and deposit account ledger, enabling participating JP Morgan clients to transfer US money to the US dollar's held on deposit with JP Morgan. All right. That's very good. Martin, your thoughts on JP Morgan and now JP Morgan coin? Well, you know, Jamie has been known to bash Bitcoin so many times. He even said, you know, any one of my traders who trades in Bitcoin will be fired. On the spot and now he's turning around full circle. Because probably his clients are leaving. They're going to banks that are facilitating Bitcoin purchases. You see that like from the ultra high net worth. There's the ultra high net worth, you know, customers with more than 30 million dollars to like spend and invest. They allocated about most of them already allocated around 1% or more of their portfolio to cryptocurrencies like Bitcoin. I mean, they're not buying dogecoin, they're buying Bitcoin. So a JP Morgan is no, is serving those customers. But if they can't buy Bitcoin or JP Morgan, they'll go elsewhere. And I think this is just a reality catching up with with like an old name in banking. And you know, now they are facilitating it, but you know, they'll sell anything just like a then said they believe and sell your mom coin if they could make profit on it. So yeah, and Thomas, what was the question? I'm just ran, ran, you know, rambling about Jamie Diamond. But we just want to talk about how fantastic Jamie Diamond is and how in 2017 on October 13th, according to CNBC, Jamie Diamond says you're stupid. If you're stupid enough to buy Bitcoin, you'll pay the price one day. This is the same time that his daughter was purchasing Bitcoin. Josh Shagalla, Jamie Diamond's daughter smarter than him. And what about all the clients on his bank who are now stupid enough to buy Bitcoin his own words? The thing is companies like Enron built some amazing products, financial products. A lot of these products were crazy back then. I mean, they invented carbon trading. They invented also electric trading amongst different areas. And you'd have these rolling blackouts. They were they would manipulate the price by having rolling blackouts and then trade those rolling blackouts and stuff. These people incredible innovations. They're degenerates when it comes to gambling with these resources and commodities and these different mechanisms. For Jamie Diamond, who is obviously very good at understanding markets and exotic markets, it's not dumb. So when he says you shouldn't trade this and stuff while his daughter is buying it up, it's obviously a total fraud because he would know. He would understand that these are rare numbers and that this is a very good buy. I don't buy the fact that he doesn't, I think he likes to play the bad cop just like Peter Schiff. I think that's his marketing stick. He's never gotten so much attention that when he bags on Bitcoin, he plays along with it like idiots by retweeting him when really all they're doing is marketing him more. This is his motorcycle run day on Bitcoin. He uses it. He's very clever at it. But I don't buy that he's anti Bitcoin. Look, they created JPM coin and they've had it for years on the table. So yeah. I don't know. So it just compilates people. Much like math people can't do that math people can't do that that Peter's just doing that because it's business best marketing tool like ever, right? Like that put him in the front scene like that's, you know, people just don't get that. They don't get it. They just get outraged. Moving on to the exit question, exit question. Why do people have such short memories? Why do they forget what Jamie Diamond said about Bitcoin buyers being stupid? And this is going to come up again later. Dan Eve. I think they've got short memories about everything, right? I mean, one of the things is that when when all the newspapers and stuff were, were, were the news outlets were covering Jamie Diamond saying that Bitcoin was stupid. They had very short memories about 2007, 2008, which was pretty, even I remember that. That's kind of what kicked off like a rear like working on financial, like, works on a financial data control and governance tool. That's like the first thing I built in like it in my post uni job, kind of countering the crap that came out from the crisis of 2007, 2008 in the lack of financial control and just craziness. So yeah, people have short memories and even to like the previous year people have short memories. And often it's not because of the fact that they genuinely have short memories. It's because they have other confirmation biases that just not make them want not to not want to remember something or to hide it or to remove it from from their memory. And with Bitcoin, as much as kind of people see that there was a huge issue around, around crazy wild west finance and financing around 2007, 2008, at the same time, they kind of like, you know, a lot of people like big government. They love the idea of, you know, snooze you go from it, you kiss, good, no, they can show you, oh, good, you know, they love that. Oh, you take care of me. You take care of me, God. Yeah. And that's it. Like it's not even a memory based thing is just a case of choosing the thing that's been ingrained within their head and rolling with it. And probably if someone said, and I work, you know, the annoying thing is that when I worked in Treasury, all I did was talk about Bitcoin, like, you know, the thing on my desk was, when I left, you know, there's pictures of like Bitcoin stuff that people put there for, and it was literally in May 2017, so just before the last ball run. But there were, there were people I couldn't win over. And they were really logical people. But they had ingrained in their head that Bitcoin was bad. And even, you know, even they knew the reasons why we, you know, Bitcoin was there. You could tell those is this cognitive dissonance that they knew Bitcoin was a logical thing to have rather than government's controlling things, especially these, some of these people were kind of not nationalist, but like, you know, they were like, oh, you know, you don't want one country controlling is one country is bad. Well, okay, why don't have a distributed network of people controlling? Why don't why don't distribute the power, you know, and they're all, all the government would have control of it. And you're like, ah, so I don't think it's necessarily just short memory. I don't know, I think it's missing the boat is one. I think that definitely has a part to play. But also you're pre, you know, you're pre disposition to people to have, you know, they've got it ingrained on them about certain views about Bitcoin. And they don't want to let go of that. The Bitcoin is bad because let him go of it, which means that, you know, big government is actually, is actually bad. And they don't want to do that because government, you see Adam McBride, the banks have always been friends with Bitcoin and Bitcoin has always been friends with the banks. Let's start pushing that narrative, man. I think that's the way to go. I mean, at the core, look, what we've taught, I don't know, three or four things we've talked about already on the show. We're just a step, we're basically monkeys. We're wild monkeys and humans don't do math at any sort of level. And, you know, it's, it's a miracle. We're all not killing each other, frankly. Let's just be honest. It's just we're lucky. We're not slaughtering each other right now. So let's count our blessings. And, you know, hopefully those of us who see this for what it is can take advantage of the situation. And maybe put a couple extra duck hits or bitcoins in our pockets. Josh, the goal of the banks are always protecting your interests. Jamie Diamond was worried about your investments. That's why he told you not to invest in Bitcoin. He has a personal responsibility to every investment at his bank. And they often warn people before you sell something. Are you sure you want to sell this investment? Our internal information says it will actually go up. The banks are always open and public about this. Jamie Diamond just cares so much about his customers. Yeah. I mean, there's plenty of stories where they're, I mean, especially in 2008, they were selling and pumping their own to be able to offload crap onto their clients. This is not. I remember I remember during the mortgage crisis when the people were in trouble. That the banks said it was no problem at all. And we're just giving out the houses. They were forgiving the mortgages. No one had to move at the banks. And when I think of like friendly people in my neighborhood, I think banks. Hey, look, if you know, JPM lost me when they, they caught a funding from, from Nikola Tesla for his tower to find free energy, screw that guy. But, yeah, we've always been at war with Eurasia. Thomas. War is peace. Freedom is slavery. Ignorance is strength. Martian Wismair, Jamie Diamond. These guys have always been promoting Bitcoin. They've always been there with us in the trenches. That's why they're going to get all the rewards, right? Well, yeah, I've never been a big fan of big government or like big banks. I think it's they have their own agenda. And you know, I don't, for me, you know, they do protect clients. You know, if you want to make a large transfer, they say, no, no, no, no, no, we block your transfer because, you know, we don't want you to spend all your money. So they do like think, you know, for their customers and that they keep your money safe. They will not let you withdraw more than in a certain amount per year because, you know, just imagine you're spending too much. You can always deposit more at the bank and they'll really, really take care of it. And this is my Bitcoin is dangerous. You know, imagine being able to control your own money. This is like, you know, this should not want that as a consumer. And therefore, I think yeah, Jamie, good job. They are not pushing any dodgy investments at all. And now there is the banker is your best friend. Remember, you know, when like our grandfather would go to a bank to get a mortgage, they would actually visit an office, you know, most likely on a town square. And then they would be able to talk to the bank manager and they would really help, you know, decide that this yes, taking out the mortgage with our bank is the best thing you can do for your family. And they will actually, you know, help you and advise you. And nowadays, even though they're hiding behind an app, and you never get to talk anybody and, you know, help desk is only a continent away nowadays. They still act to your best interests. So yes, banks are here to stay. I love that help desk is only a continent away. But it is usually they really speak a different language, but they're always there for you. It's weird, like the generation, like my parents used to, I used to hear the term, like, oh, we're going to speak to the bank manager like so often. And when I try to do it, I find out, like, don't we speak to the manager? And they're like, peace off. It's old school days anymore. Yeah, my father's the same. He has his bank manager and he'll still talk. I was quite surprised in Germany. They still do that. They have the bank manager. You go and talk to them. It's quite weird, like, I'm not even used to it. So I don't take advantage of that sort of thing. But coming from Australia, yeah, it's the same. Like what bank manager? No, it's a, you talk to some Indian guy on the phone. Everyone knows you can judge the quality of your bank manager by the quality of his suit. And it seems like it was only yesterday. It seems like yesterday I got that message on my phone. You have deposited too much cash in your account. And then another message popped up saying that investing in the lottery and fast food is not a good investment. I remember the bank warning me about all these things and all the investment advice throughout the years. Just, I just a romantic relationship with these banks. And I just, gosh, it's just been great. It's like 23, 20, 30 years of great. It's been fantastic. We've got to move on to issue four issue four. Mark Cuban only invest in Bitcoin. If you're prepared to lose your money, oh, I'm sorry. That headlines from 2017. That's when it would have been a good idea to invest in Bitcoin. I'm sorry. I read the wrong headline. It's 2021. Oh, okay. Sorry. Let me go for it. Mark Cuban, the three ways Ethereum dwarfs Bitcoin. I'm sorry. Where's that laughter coming from? Anyway, first, the Ethereum blockchain constantly, consistently processes more transactions per second. Second, it can support the creation of applications like cryptokitties. And third, Cuban says that as in an upgrade to the Ethereum blockchain called Ethereum 2.0, which launched in 2020, continues to roll out. The impact of Ethereum could be greater than we currently imagine. I wish I could add echo to my voice. Let's go to who do we go to first here? Martin Wissmayer, your thoughts on Mark Cuban's incredible discovery of Ethereum. Yes, it's like a butcher telling everybody to buy his meat because he checked it and it's safe. This investor has huge backs of Ethereum. So that's why he's shit talking Bitcoin and pumping Ethereum. But obviously, it hasn't read the fine print like the infinite. No, well, they're moving to proof of stake, but the amount of Ethereum. I don't think anybody knows the exact amount of Ethereum that has been mined. Then there is also the issue that he says that it's perfect for running applications. It's total nonsense. It doesn't scale. It runs like a dog. I mean, okay, if you want to invest in Ethereum to make a profit because price goes up technology. And if it doesn't, FitaLeg, the very decentralized leader of the whole group will tweak some buttons and change some things and we'll call it 2.0. And now it will not be totally centralized and Ethereum 2.0 will be proof of stake. So there's no, it basically means that the people that have all the backs of Ethereum will be in charge just like the banks are now. So if that's important to you, then sure go buy Bitcoin, but don't expect any applications to run fine on it because you can't really build an application if the price of running that application is very volatile and goes up or down. Most of the time the price of operations goes up if it gets popular because then the network is congested. It's not decentralized at all. Many of the Ethereum applications are running on in Fura, which is a platform made by consensus. It's really nice platform. You can make API calls and stuff and then instead of running all the complicated Ethereum node stuff, you can just do some web calls. And it means that your application is using Ethereum. So you can shout to the Twitter swear that we are decentralized. Well, not really. The moment in Fura would go down, all those applications go down and basically the whole Ethereum ecosystem comes tumbling down. So we supported a general bytes on the ATMs because it's something our clients want. And Ethereum is usually popular in the Netherlands where we've got all the corporate screaming blockchain, not Bitcoin, blockchain technology blockchain will revolutionize in way you still cannot imagine. But we're like four years later and no revolution in sight, not even on the horizon, but Ethereum to point out will make everything better according to the guide that spent millions and millions and millions in Ethereum. So now take it with the grain of salt to the mouth, people don't do mouth, but try it this time and look at the Ethereum. If you're just there for the speculative aspect, you go ahead by a bit. But if you've got any more ethical, ethical values in you than like a cockroach, then just buy Bitcoin instead and leave Ethereum for one of these. That's my thought of this. Wait, did you save your not a cockroach? No, I'm not buying Ethereum. I'm not buying Ethereum myself. I think it's useless. I tried it. I was severely disappointed. I couldn't see it scale. At first, I thought it was like a visionary. Now it's more like a tech cult hippie. So that was usually disappointing. So I was shocked by its solidity, the development language that people use to make smart contracts in. It's extremely complicated and what they suggested to scale and using sharding and stuff, only made it more complicated. So if you see that even the developers that create one of the official wallets make serious mistakes that cost hundreds and hundreds of millions of dollars because of the single mistake, then you should look at platform again. I think maybe it's just a bunch of hype. Maybe it's just maybe it's a lot. So Martin, because the insights, since you're the, you seem to know about programming because I don't, right? Tell me which blockchain you do like for smart contracts. Smart contracts, they're not smart and they're not a contract either. So I'm not really convinced because most of those projects or smart contract projects are like, bananas on the blockchain or coffee beans on the blockchain because it will revolutionize the industry of bananas. And I'm like, okay, bananas. I don't want to see bananas on the blockchain. I want to see value transfers on the blockchain. I want to see independent cash. I want to see, you know, I want to see Bitcoin basically. So if you look at the internet, the internet gave everybody a voice and Bitcoin gives everybody a wallet. Now what does Ethereum or dogecoin do? Dogecoin is obvious. It puts a huge, huge puppy into everybody's pocket or phone. But, you know, let me, let me jump in because I actually want your, your take on this. Because I think the best use case right now for, and the most obvious use case for blockchain technology, smart contract blockchain technology is NFTs, which I knew it. I knew you would say in the snow because this is the reality is this is the first real use case. This is the one that the average citizen can say, oh, I get this, right? And the simplest way to describe it to people is my kid plays Fortnite. My kid has spent hundreds of dollars buying skins on Fortnite. And in the future, maybe not for Fortnite, but for other games, he'll be able to take those skins and use them in other games and his proof of ownership transfers across the blockchain to other games. So that's the simplest. I mean, it may be childish, but that's a simple use case now that I see and actually believe in. So what Bitcoin? What's that? You can do that on Bitcoin. I mean, you can like, you know, you can, you can, you can, you can, you can sign stuff, you know, back in 2014, we registered certificates of blockchain, like courses on the Bitcoin blockchain, like in lottery time stamping servers. You can, you can, that way they could prove ownership of that certificates, independently of, of, you know, it wasn't nearly a smart contract, but it was, I think, good enough. Okay, maybe the NFTs will totally take over. I, for me, I see too much worthless art that's really just pumped us an NFT and then sold for a lot of money. But there's genuine nice art and, and, and collector items that are there. So yes, time will tell, but, you know, I'm not really looking for smart contract like functionality for me. Bitcoin is really like about value and transferring value and, you know, taking away the power of printing money away from the government and putting it into the people hands. Oh, Thomas mentioned earlier, the Winklefoss twin or Winklefoss set, or maybe you said it at them. Bitcoin, sorry, those coin is the people's money. It's by people. People. But actually that, that, that's exactly what we use to the same sentence is what we use to say it was on the poster about Bitcoin back in 2013. So they just copied it and replaced Bitcoin with those coins. So that's like, you're okay. Yeah, I mean, Martin, the thing is there's a lot of people that say, you know, Bitcoin isn't scaling either. It is. Yeah, sure, but, but there's people saying that it isn't. And never tried lightning. Yeah, but that's what they're saying about about Ethereum too, that there's layer two solutions like Maddick and polygon and all these other things, which are layer two solutions on top of Ethereum. You know, so they're out. They're already used. Yeah, they've been used. Yeah, because lightning is working. Everybody says, oh, lightning is not working, but usually they have a bag of B cash stuck with stuck array somewhere, Bitcoin cash shortly. There's negative, but I don't want to be negative. But so they have. So they say, oh, lightning is not working, but it said, have you ever tried it? No, because it's not working. Yeah, it's absolutely working on a, this is bull dust as well. But every day, it's really strange phenomena where when people talk about layer two solutions on Ethereum, there's multiple layer two solutions. There's X, die, there's Maddick, there's, there's a whole bunch. And they're, they're pretty much the, the layer two. Yet when you talk about layer two on Bitcoin, so that'll never work. That's crap. You have to have unshained scaling. You have to, and you're like, hang on. What? How can that be good on Ethereum, but not on Bitcoin? It's really odd. But I've got to say, I don't know, I take a different stance than you. I really like the idea of having more complex smart contracts on a, on a blockchain. For instance, you can definitely give a company your money and borrow against that and collateralized dead obligations. And, but you're trusting that that company won't run away. I really love the fact that I can lock up Ethereum in, in, in a, in a make it our contract and borrow against it. I just think it's amazing. And I don't need to trust anyone apart from the code, but that's the same as Bitcoin. I need to trust the code because I'm not a programmer. I have to trust the army of other programmers out there to, to audit that stuff. And, and I think there are use cases for this stuff. I definitely agree with you where it's like, I just can't stand this whole blockchain, not Bitcoin crap. It's such an utter nonsense marketing bull dust. And it's, it's typical of humans where they just hear something, they repeat it and repeat it and repeat it. It's a, but nevertheless, I do believe that there is a use case for smart contracts. Basically, what that means and people are waltz of smart contracts, it's a computer program. I mean, that's, that's all it is. It's a, it's a program, but it gets executed on many machines. So, you know, you can't just hack one and have a single output. So I think there is a use case for it. You know, I really think there is and, and we'll see what happens. We'll see what happens. I do think Bitcoin and Ethereum have different use cases and they're not really something that, that, you know, should be fighting or anything like that. I think Bitcoin can never be taken over as, as it's use case is pretty strong. It's solid. It's, it's what it is. But there's also hate this thing of, oh, we can't do anything. You know, NFTs and all these things that they were done on Bitcoin first. The color coin stuff, all of it's been done. It's just that they were very rudimentary on, on Ethereum, you can be a lot more hardcore with it. You can have a lot more structure to an NFT on, on Ethereum or Polkadot or some of these other, you know, platforms because that they're, their attack surfaces a lot brighter, a lot wider, because they do have a lot more pretend codes and all this sort of thing. The coding language is a lot more structured and wider. And so it can be attacked and it will be attacked. And we're going to see a massive, massive smart contract full of coins be, be taken down eventually and many, many, many, many billions, if not billions of dollars, just get, get taken. So this will happen because of some little bug that someone will find. And you know, this happened in the Dow, make it, not the make it down in the Dow, the original one and it'll happen again. I think Josh hit on something really important there, which is rudimentary, right? Bitcoin was a little too rudimentary when it came to colored coins and fts. And thinking about Ethereum right now, it's rudimentary. If you've built NFTs or done any of that stuff, which I have, it's very rudimentary. I mean, it's like the internet 1995. It's really, really rudimentary. And you just have to play it out and think about it in 10 years. And that, when you think about it in that term, in that sense, we're just at the baby, baby, baby, baby step right now. And everything we're looking at it now, oh, there's not really a use case that, oh, it's silly, just NFTs. I think if we have a little bit longer vision where we don't know where it's going to go, but it's going to be far more refined, far easier. Everything's going to be many, many, many times easier where it just works. And whether it's on Ethereum or some other chain, I think they're here to even silly, silly NFTs are here to stay. I've just reminded of the immortal words of Conan O'Brien who wrote in the Simpsons monorail episode, a town with money is like a mule with a spinning wheel. He don't know how he got it and he don't know what it's for. Monorail, monorail, monorail. Dan, Eve, your thoughts on Mark Cuban, legendary Bitcoin supporter, cryptocurrency genius, told people in 2017 that they'd lose all their money if they'd invested in Bitcoin. But forget all of that, he knows everything now. Mark Cuban are our hero and leader. Well, these people are going to protect their bags and maybe he's, he's one of the people that kind of sold off Bitcoin because he thought he'd be Ethereum would, you know, he's up it and there'd be the flipping, flapping, flopping, the fluff, fluff, fluff, fluff, falalagagging, whatever it's called. I mean, whether it's... I have been for Lacia. For Lacia, maybe it does. I don't know, that's too solid. Maybe we need to wait for the watershed to start talking about that part. But Ethereum, you know, it kind of, I don't know. I've never really seen it as a competitor to Bitcoin. I think they just do different, different things. It just seems like it's different. It's not like Ethereum is not money. It's like Farts and Unicorn rainbows and shit. Like it's not like, oh, it's not hard money. Like you don't have the Ethereum people like, oh, it's the hard money. Or being like, oh, grandma, here's this new new cryptocurrency. It's called Ethereum and then be like, oh, yeah, thanks. That's great. I'm like, it's very much for that either. Now run your fool. No, in other ways, you're not real. You know, you don't get that with the Ethereum. You get other stupidity. But you don't get that kind of hardcore like, you must do it. It's a great system. And I think each thing's just got his peaks and trops. The end of the Bitcoin is like the hardest, most hardcore of hardcore money. And it's meant to compete with the financial system. You know, it's a totally, it really like built it for to come back that exactly. Or is it literally Ethereum was built for for shit and rainbow Farts and doing smart contracts and stuff. Now, and although Bitcoin, you know, NFTs we've seen, you know, were visible on Bitcoin on the early days. I can cut the coins that you had there. But what's the damn thing called the open open ledger? Bitch, shit, not bitch. What's that? Whatever it was, the thing that they think I counterpied. That's it. But but I, you know, let's be honest, when NFTs finally do hit Bitcoin, I think there's going to be a lot of people that were like, NFTs and crap. And now they're on Bitcoin being like, oh, NFTs are on Bitcoin. Yeah, NFTs are so good. Have I told you about what NFTs do? They're amazing. And that will happen because it's going to be in the money bag area. It will be like, oh, now it's interesting. Now Bitcoin can do it. And I'm not just, you know, did be on Bitcoin as it's just the natural thing that you do when you, when you see it on a platform, you're not, you know, really into it. It's even if software or whatever, if it's not, you know, you're a Myspace person. And then like Facebook came up, but then like, you know, you didn't like the Facebook features, but when a Facebook feature was added to Myspace, I don't know, I'm just making up tech things. But it is that as you're protecting your, your bags. And maybe Cuban like sold his Bitcoin, like Vinny Lingham, like when, when he said, I sold all, I sold all my Bitcoin. And now he's just regretting it. And he's like, oh, I've got to make money somehow. So, you know, I'm just going to pump Ethereum. But it's, you know, the thing is I, I'm not going to use, I use Ethereum. I mean, every now and then Metamask is kind of quite useful. Trader. You can, the swap thing is quite useful. I'm not going to lie if you've got a shit coin that someone gave you accidentally or something or other. Yeah, I mean, that's the tax man. It's a really amazing mask wallet. Yeah, that's an amazing application. That's, that's a true, you know, like shapeshift was, was amazing with it launched. But it was a centralized service in the back end. I had a whole bunch of stuff that was interfacing with BitFinex and all this things. And, and now we have not only these swaps, what I find amazing is there, there's a new mechanism of trade rather than having market makers and order books, these, these pools. There's so much interesting stuff and I really, really do enjoy, even though a lot of the defy spaces total nonsense and craziness and La La Land and Wild West, it's still fascinating because people are experimenting with, with financial instruments in a totally different new way. And I find it really, really, really fascinating. But, you know, modernist spot on, I mean, this isn't a joke. This is literal that the, the Ethereum networks computing power is around about the power of a Nokia 3310. And, and that, that, that's like for the entire network. So, so that's why gas prices so much because you want to use that Nokia for your punk or whatever you're creating, you know, you've got to stand in line because it's getting really hot. It's like one of those computers that they built in Minecraft. It's really neat that they managed to build a computer. But, you know, should we really run all our programs on that? Like the whole world computer built in Minecraft? I don't know. Moving on to the exit question, is Dan Eve correct? Will Bitcoiners flock to NFTs and even ICOs? Once they're widely and easily available on Bitcoin, Bartine Wismer? I'm not sure because, you know, back in the days, we had Colored Coins and Counterparty and they were using a lot of tiny transactions. And then all of a sudden there was this change in the code, in the code that you had a minimum amount for the transaction. I believe it's 500 something Satoshi's. So that overnight made every Colored Coins and Counterparty transaction like 500 times is expensive. So there will be one side of the Bitcoin camp that will be saying, no, don't touch our hard money. And the other ones will be going like sweet NFTs. Yes. So, yeah, there will be wars. There will be wars over this. And it's not because we're bored. It will be because we want the future of money to be secure. And the simple and we don't want all the extra crap on it. But I would personally get some NFTs once they go on the Bitcoin blockchain. Yes. Josh Chagalla, images of coins with Bitcoin maximalist faces on them, suddenly selling as NFTs on Bitcoin. Yeah, I don't know. I mean, look, people need to realize how if you're, if you're a Bitcoin maximalist because you want your Bitcoin to be worth more, it's the wrong reason. Like, Bitcoin's going to be worth enough, even if you've got 1% of the entire global monetary system. If Bitcoin hits the gold market cap, it's worth half a million dollars per coin. It there's enough that Bitcoin, there's no need to fight in this thing. Competition keeps the bastards honest. And it's about spotting scams, utter scams like one coin or BitConnect. That's what you have to watch out for. Everything else is really amazing experiments in art, in culture, in electronic culture, in weirdness, in technology, in cryptography, in cryptoanarchy, in governance, in auctions, in all sorts of factors that we don't even know yet. And so it's important not to just crush them as a scam when they're just trying crazy shit. And this is the thing that we have to look at. Look, if someone's creating an utter obvious scam, for sure, call them out. But it lowers the meaning of scam by calling everything a scam. And this is what a lot of Bitcoin maximalist do, is they call everything a scam. And it's really unfortunate because there are real scams. And I don't see things like Ethereum, which have a massive network of very hardworking developers all around the world, independent, trying to make crazy things happen. Sure, there's millions of scams also on Ethereum. Don't get me wrong. But there are some very, very legitimate projects trying to make crazy stuff happen. So maybe they don't even know that they will eventually be a scam. I don't know. But the fact that the difference between a scam or a real entrepreneur is a scammer has no intention of trying to make something work, whereas an entrepreneur is trying had things that he will make something work. It's a pre-mine scam. This is why they're saying that Ethereum is a scam because a large amount of the Ethereum was pre-mined before they went public. So in that respect, yes, pre-mines are usually a big red flag. But I agree with you, if they have no intentional ever delivering a product, then it's a scam. Otherwise, it's just a project that failed. But then I suppose it's the same in like, well, there's other real-world examples where some people may believe that they're doing good, but they're actually doing harm. Maybe I'm trying to pick something that's going to be the least controversial. Was it a hand healer? A hand healer. No, I'm talking about something interesting. Like, oh, no. Even my mum was mentioning that to me. She was like, oh, the cardano is going to have the smart contract soon, and I was like, oh. But other real-world examples, there's the, what's the fine line between whether it's a scam on purpose or not and whether it's still dangerous to whatever. So like, for example, a non-touch faith healer who says, stop your chemo because it's killing you. And then, but that leads to someone dying. Is that they're meant to be doing good, but there's a death at the end of it, for example. So is that good or bad? And just because something it doesn't intend to be a scam, it doesn't mean that lots of people, you know, there could be someone who's really hardworking and genuine and would never scam people. But they end up screwing up because they're not competent, for example, or got something wrong. And then loads of people lose out because of it. So there's kind of that side, there's the way, you know, where does, where's the definition of fine line between being a scam on purpose and being a scam because you're incompetent or because you've got something wrong? Like, there's a part of that which is Darwinian also, but also, you know, like that there is a lack in society of critical thinking and education in what a scam looks like, rather than having this obsessive culture of derisking the world through mother's government's nipple, you know, I will take care of you. Don't you touch that? Don't you touch that? That could be dangerous. No, the governments for years have been too hard on the derisking thing where people literally have football stadiums chanting at the one coin event chanting how great it is that they're going to print another 100,000 one coin to give to everyone and they're like, yeah, did you hear that? Like so dumb, so dumb, like sometimes you need a little bit of Darwinianism. That's all I'm saying. Idiocracy was not a documentary, but what really matters Dan is if the faith healer will deliver a return on investment. Adam McBride, if every blockchain that has NFTs and ICOs on it is a shit coin and Bitcoin has NFTs and ICOs on it is Bitcoin a shit coin? Well, I guess in that case we'd say Bitcoin is the original shit coin, right? Because they I think we can agree it had NFTs long before a theorem or anything else, right? Except maybe I think it was Matt, it wasn't Matt, there was an NFT done earlier than the Bitcoin and the colored coins. But you know, it's just it's got nobody knows where it's going to go, Cardano, Binance, nobody know waxed. You know, a lot of a lot of NFTs are using wax right now. Who knows what it is? Nobody knows. The market's going to decide this at the end of the day. And part of it is going to be just perception what people perceive to be the best one to build on. And right now that lead is a theorem, right? Josh pointed out a number of times a theorem has the developers. There's the money's there. People are building on it. Does it have the network effects to win? It's it probably does. But the best way to make sure it's the best is to have some competition out there. But as we all know of with Microsoft and God knows the list of them, you don't have to be the best to win. Sometimes you're not the best and you still win because you get that network effect. And maybe you get a regulatory mode and they can still be the winner even though they're not the best or the most efficient. It's not every day that you get to quote Frank Norris is octopus twice, but you have to go for it. So they said to the railroad man, how much will the price be? What if you run everyone out of business? You know, how can you keep charging this? What why are you doing this to us? And he said, whatever the market will bear, whatever the market will bear. Moving on to predictions or a story of the week, Josh Egaala, are you ready with a prediction or a story of the week? Go ahead. No, I'm not. I'm not ready. Come back. Come back. It's not of either easiest. Let's go to a Martian with mayor. Are you ready with a prediction or a story of the week? It's a big boarding. We almost sold another 1,000 machines. So we're almost at 8,000 ATMs sold now. And you know, you just, you guys mentioned Cardano being a shit coin, but we launched a Cardano support this week because, or last week, because like, you know, it's the public asking for it. And somebody made a pool request on our GitHub. So we implemented it. You know, we're not judging whether somebody should or should not buy that specific coin. But I was amazed with the amount of positive reactions I got from the community. So even if people are not excited about the coin, they do have a lively community or on Facebook. We also added them to our like every trade IO accounting package. So if people buy Cardano, they can at least see whether they should have sold or should not have sold. So, okay, that was like number go up and new coin. That's my news for the week. That's all. Let's go to crypto raptor with a prediction or a story of the week. I think, I think, well, okay, so very quickly. You've got to hand it to, but then I guess I suppose every shit coin's done it. But since hex did it like, it's like 99% lost. It's done like hundreds since since since coming out. So yeah, could I say to anyone that had the guts to catch the falling knife there, but also, so my prediction is that Jamie Diamond and JP Morgan will list or will allow dogecoin buying. We see might a lot of it. You'll probably realize now why my predictions aren't very realistic, but there is still a chance of them happening. So, and not only will they list dogecoin, but they will list the whole damn announcement will be in fricking comics and so, bam, there's your prediction. Comic Sans and Doge speak much wow such such coin. Adam McBride, go ahead. All right, let's go for the low hanging fruit here, which is on the Saturday night live. I don't know if you guys know, but the guest star along with Elon Musk, the musical guest star is Miley Cyrus. So my gut says Miley's going to do something far more outrageous than he ride in on a dogecoin wrecking ball. Bingo. Bingo. I'm talking about will dogecoin ruin their lives will dogecoin be the real wrecking ball. Josh Gala prediction or story of the week. Go ahead. Yeah, the prediction is that doge will dump after the SNL. That's my prediction and and and it'll dump because maybe just maybe we might be allowing people to dump it into gold on both sides. Yeah, it's getting dark like a Bergman film up in here. I just want to remind everyone we've got Kyrokhan the four year anniversary of Kyrokhan's this Sunday night on the world crypto network at 7 p.m. Pacific time. We'll be hanging out with a bunch of random people who like Kyrokhan's and talking to them. I think Adam will be there. It's going to be great. So it's going to be great. Get ready for Kyrokhan. That means you guys were the first NFT right? Very first. That's in dispute. A lot of other people have a lot more marketing and think that they're the first, but if you do the math and if you look at the blockchain, May 9, 2017, it's a tough number to be. I look at this one thing that can't be disputed. It's anything on a blockchain. I mean, it's man. You can just look at Vitalik rolled it back that I called in a favor said I drove you to a speak once. Will you roll back the chain for me and make my project the oldest NFT? I could have done that, but you'll have to find out soon on the Kyrokhan right here on the world crypto network and be sure to sign up for wax and get a wax wallet. I get the feeling something about the Kyrokhan and the wax wallet. I was giving out some NFTs today on Twitter. It was really fun. I've been dropping these links everywhere. See, and if anyone will take them, free NFTs, you could put them in a link. It's really a fun part of the NFT thing. So we're running out of time. One more thing we want to remind you, check out the world crypto network clips channel WCN clips. It's your chance to be one of the first 100 subscribers. You could push the share button. You could push the thumbs up button WCN clips. They've got all the clips that you need of the world crypto network. Thanks so much for watching the Bitcoin group. We're going to be about done for today. So be sure to give us a thumbs up and to subscribe down below if you haven't already. Hit the bell for notifications because that's what YouTubers say over and over again. But sometimes it really does give you notifications. So thanks so much for watching. Until next time. Bye.