The Bitcoin Group, the American original, for over the last ten seconds, the sharpest Satoshi's, the best Bitcoin's, the hardest cryptocurrency talk. We'd like to welcome our panelists, Martin Wishmer from General Bites. Good evening folks. Josh Shigalla from Voltoro. When there's red on every candlestick, you pop a red for yourself folks. And I'm Thomas Hunt from the World Crypto Network, moving on to issue one. Bitcoin falls back below $40,000 as it wraps up a wild week of trading. The price of Bitcoin fell back below $40,000 on Friday after Chinese authorities intensified calls to crack down on mining and trading of the cryptocurrency. Investors are reeling from regulatory warnings from the United States and China, as well as mixed messages from Elon Musk, whose company Tesla famously accepted Bitcoin. And then decided not to accept Bitcoin. Martin Wishmer, what happened to the price of Bitcoin? I thought it was going up forever. Well, I'm not too worried myself. We're seeing a big dip, but if we look at the history, well, history is no historic performance, no guarantee for the future. But if we look at the history of dips in Bitcoin, we saw several dips in the 2017 bull run as well. So I suspect once Elon Musk stops tweeting or they take his phone away, and the Chinese foot is over, then we can continue to rise. Maybe it's not that bad because we've seen a huge rally going on earlier this year. So I'm not too worried. When in doubt, zoom out, that's what I would say. Josh Egala. Yeah, I've got Ray Bitcoin in my title here. Ray Gold. And we go. Look, there's a there's a problem in China. It says the land is big and the emperor is far away. And that basically means do what the hell you want. No one cares in China whether they banned Bitcoin, the Bitcoin doesn't care. Anyway, that's techy enough to use Bitcoin will continue using Bitcoin. Yeah, the exchanges in China will have a hard time. But the other thing is that the interesting part of China FUD is that when China bans Bitcoin and what not really many people talk about and I think they should is what happens? How do the miners pay for the electricity that they're making without being able to sell the Bitcoin? And so this is this is always interesting. So generally what I've seen is some miners tend to migrate out of China and head towards more friendly ashore. So this I think is probably a positive part of the network is that if you get a country that is adversarial, then you might just move. And you've got all the hardware it is about sticking on a container. And the good thing nowadays is that we've reached this sort of pinnacle where chips chip or ASIC technology doesn't move as fast as it used to. So you actually have a few months to pack up the whole warehouse and go across to I don't know, India or somewhere else. Hopefully cooler, a cooler climate. But yeah, I find that part of it interesting. What I think is amazing is that maybe it's not about the news and it's not about Elon Musk and it's not about all of these things, but it's just about the price of Bitcoin and that the price went up too much. And we all watched it and it went up and up and up and we said, where is it going to stop? When's it going to stop? And then now it stops. And now everyone's saying the opposite. It's going down forever. It's going down forever. When's it going to stop? So I think it's just another one of those up and down things that we go through in Bitcoin. And everyone says, it's the news. It's this one event. It's this one person. It's this one country. And really it's just it went up too much and now it's going to go down for a little bit. But don't worry, we've got you covered here with all the knowledge and information that you need. We have the Bitcoin predictor ball. The only one of its kind, the only one in existence and it will tell you, will the price of Bitcoin be higher this time next week? We're going to the ball first before the commentators just puts a lot of pressure on you guys. So higher this time next week. My sources say no. My sources say no. The ball is bearish. Martin Wishmeyer do agree with the ball. No, I'm forever bullish on Bitcoin. It's a short time, you know, time frame. The ball predicts one week in advance and it can't see any further than in the future. And we know there's still only 21 million bitcoins. If people look at their stack, they still have the same amount of bitcoins. If they look at their stack compared to the number of institutional investors, they see that they will have climbed up the ladder and that there are fewer people with a stack like them because the institutional investors have got buying according to Bitcoin, Treasury's gold org. So I'm not worried. I think the ball just has a bad day. But maybe Josh wants to agree with me, but I'm curious what they all say. Josh, the goal is does the bear continue? Do you dare to side against the ball? Look, markets, they take a while to turn around. They're kind of like the Titanic. Of course, that's to go up. To go down is very quick. And this is the old analogy of taking the stairs up and the elevator down. When people are scared, they've made a lot of money. And usually what they do is they wait for a crash, it crashes. They sell at the very bottom. It starts to go up a bit and then people get scared. It's going up. I'm going to take profits here and then it'll head back down. We're definitely in a bearish cycle. And it does take a while to move back. And the thing is, as you said, Thomas, these markets went up and up and up for months since December, January, they started going up even earlier, I think. But what tends to happen is after a large up swing, you need to consolidate the price. You need to consolidate movement. And that usually happens by going sideways for a while, or which means by time, so you consolidate by time, or you consolidate by price, which means coming back down, giving the bears or the opposite side a chance to live their dream, which is, the bears are like, go down, go down. And you've got to remember, nowadays it's very easy to make money on the price going down. So there's a lot of incentive for people that are betting on the price going down to actually make money on that as well. It's just a little riskier because usually there's some leverage involved. You don't have to leverage it, but usually there is. And so, yeah, I think we're definitely in a price consolidation here, which means going down in price, correcting itself. But then after an over correction, what will happen is the bulls will have to have their chance again to play their dreams out. And the market will turn around again. I mean, I know this is very sense, very fence city. I'm just sitting here telling you both sides, like a typical TA freak. But generally, this is what's happening, is that we went way too high. I mean, when Dogecoin hits 70 cents, you know something is wrong. You know something is wrong. When the Shushan boys are ringing you up telling you which coin to buy, you know something's wrong. And so it's really about waiting a little bit. It'll consolidate down and the bulls will hit back, thinking about a month or two, it'll start turning around. Because I don't believe this bull market is finished. This is a very unusual dump, because usually what happens with a Bitcoin crash is that you will see constant up and up and up and up and up. And every week it's this crazy and euphoria. And like, whoa, this is a new normal. And then, boom, crash. What happened with Bitcoin is when up and up and up and up. And then it went sideways, sideways, sideways for ages. So this came sort of out of the blue, even for me. And I've, you know, the panel here has seen a few of these markets boom bus cycles. But this one is a little bit different. So I don't believe it's the end of the bull market. I think it's a correction in price. Instead of time, we had a little bit of a time correction. Now I think a price correction and it'll turn around pretty soon. So I would definitely be using these moments to buy in. If you have got some powder in the chamber, if you've got managed to take some profits and wait for it to dip, or your earning money and your cross, you know, your averaging in. This is definitely a time to continue that. And this is what we're seeing on Valtora as well. A lot of people are selling their gold back for Bitcoin at these prices. So yeah, that's my take on that. I think it'll be lower this is the short answer. I think it's time for my yearly retelling of all my great depression jokes. So of course, how did you grow? Broke Mr. Rockefeller at first slowly and then all at once. So just reminding people of what Josh said there that you still have the same number of Bitcoin or the same 0.001 or whatever you had before that you had yesterday. But the sentiment has changed, right? You used to own roaring Bitcoin and it was going to the moon and everyone was going crazy. Now you own crashing Bitcoin and it's on sale and everyone can't get out of it fast enough. And suddenly the people that took profits are the smart ones, not the ones hodling forever. But that could change again, right? So you have to decide where you want to be long term, not just think about today and panic and freak out because that's not going to work for anything. So another classic joke, I'll let you know, but the other classic joke is of course, yogi bearas nobody goes to that place anymore. It's too popular. So Bitcoin's like that. You could get some more Bitcoin, but it's so boring. And I can't get as much as I used to. So that means it's no good. But actually it's still good, even though you can't get as much as you used to, even though it's really popular and everybody and their brothers into it. And you're not cool anymore, you're not part of a unique subculture. You're just another sucker buying a hundred dollars on Coinbase or whatever. But still, if you could sell it for 120 or a thousand or whatever in the future, that would be more. So that's probably. And also in these moments, in these bear markets, now is the time for you to go paid in Bitcoin, offer your services in Bitcoin at these prices. Whenever you see the price going down, that's when you want to say, hey, I'll work for Bitcoin. I'll do this for Bitcoin because, hey, it's a little bit harder to get that Bitcoin out of people because they know it's lower. But at the same time, if you can, it means you're getting Bitcoin cheaper. You're getting more of it for the same service. So remember the manager. Averaging. What's that? Well, and if your dollar cost averaging don't stop dollar cost averaging. I had these friends where the price of Bitcoin went down and they were all bummed because their little holdings were worth less, right? And they canceled their dollar cost averaging. And I was like, no, this is the exact moment where you'll make all the good buys. These are averaging out all your bad buys with these good buys. And you're messing up the whole averaging part of averaging. So, yes, keep your systems going. Oh, it's over. I canceled my thing. It's like, no, don't do that. Yeah, yeah, spot on. I just, I'm just not worried too much about the lower price right now. I just look at the Bitcoin stash like, you know, there's X amount of Bitcoin in it. And price up or price down, it's still the same amount of Bitcoin. And in the long run, just like, you know, people are still calculating how much is it worth in euro? How much is it worth in dollars? If you just like turn it around, that every year you try to end the year with a little bit more, because at OSHI's then you had, at the start of the year, then it all becomes so much less stressful that this is what I really advise everybody to do. You know, it's, it's the only investment you don't need. And put it in Bitcoin and make sure that at the end of the year, you got just a little bit more sets of left than, than the beginning of the year. And then there is no real rush with the bullroom. And I think after a few years, you just even stop watching what the price today is. You know, so. That would be the best, but who has that kind of ability? Moving on to issue two. Issue two. Elon Musk is back again. Elon Musk makes a subtle dogecoin price prediction and renews his quote-unquote attack on Bitcoin, amid calls for a true for the people crypto. Elon Musk is back again, treating insane nonsense like if dogecoin had 10 times the transactions, but used 10th of the energy usage, then it would get 100% of the market. And it's like, yeah, we see what you do there. It's just a bunch of nonsense. Even Adam back himself came out to call out Elon Musk saying that it was just utter nonsense. He was becoming a true random altcoiner who had no idea what he's talking about. The myth of Elon Musk as a smart person seems to be smashed all over the internet this week. Little pieces of it everywhere we see. Josh Shagalla, Elon Musk, is he promoting doge because it's a joke? Is he promoting doge because he wants people to lose his money? Their money, anything. It's funny. Is it 3D chess? Is he trying to get back at the SEC? Is Elon Musk the world's smartest man or the world's dumbest? Josh Shagalla. You know, the problem with Bitcoin, I see, is that when someone goes against it, people really attack them and all it does is turn them off more. I'm afraid that if all of Bitcoin, because when Elon was buying Bitcoin, everyone was like, oh, Elon, I'm worshipping them at the Ulster and flogging their backs for Elon and whatever else they did in these cults. The thing is, we saw really good Bitcoiners turn to shit-kinders when the whole Bitcoin community turned their back on them because they might have talked about other coins and stuff and really slammed them, really went hard and sunk their teeth. You know, really called them names and destroyed them, and publicly and bullied them. And then they end up Bitcoin cash or whatever. I think it's really good to continue being polite and just showing what Bitcoin can do and how it can do it better without resorting to bullying by a massive community. Of course, I'm just one single word. I can't change the weather, which is basically what the Twitterverse is. It's its own organism. But I would definitely recommend that people stay civil and just keep going about what how Bitcoin isn't the fud and talk through the fud, talk through why that isn't and post about it and shows like this, talk about it very regularly. But yeah, I just want to put that warning out there because we don't want to, you know, Elon's mouthpiece is very, very, very strong. And we don't want to create an enemy out of this person just because he has some some negatives about Bitcoin. You know, one of the strongest voices that was very anti in the beginning was Peter Todd. You know, I remember the early days that he would come out with some really, and he said, and people would shut him down, like really hard because he was pointing out some flaws. But the fact of the matter is he was pointing them out because they were concerns to him that were on a security front. Elon has more sort of non-realistic concerns like that it's not green or whatever. But I think, you know, it's, yeah, I just don't want to make an enemy of the guy because he is very, when he says something, he moves markets and yeah, you don't want to, you don't want to let me like that. I disagree with you on that, Josh, if somebody posts nonsense then they should be called nonsense, you know, so. No, that's fine. I don't mind calling it nonsense, for sure. Like Adam Backwood have calmly said something, you know, and called him out, that, you know, Jack Malice, for instance, he went hard on him and really, you know, called him stupid and all this sort of stuff. This is all I'm saying is definitely you need to call people out on their phone if it's nonsense, call them out on it. But there's no need to go to add a hundred minute attacks and name calling and this sort of thing. I see a bit of a better name. Elon before he launches something always creates a problem like the traffic in LA is horrendous. I'm going to start a boring company, you know. Cars are so polluting. I sell you electric cars. So now it's crypto is so crypto is so polluting. And what he will do is because his solar power business isn't doing great as far as I know. The roof tiles aren't really performing well. You can't really do any net metering in most countries because they pay you next to nothing for supplying energy to the grid. So I think he's on to a plan where he wants to mine crypto with people their solar panels and then credit them with these coins. Bitcoin is too expensive, too hard because, you know, it's tick chips and all. So he looks for something similar and he found those coins because it's already like a abandoned project and you can use your your ancient script miners so you can use those graphic cards those chips are readily available. So I think what he's doing here is setting the stage for launching his own shit coin or just adopting Bitcoin and then get all these solar city customers to use their access electricity to mine these shit coins and then create a value or a coin turn the electricity into value and then use that as trading thing. I don't know, combined it with Tesla and it has got enough hype to maybe even fly. But the problem here is that he selected those coins. The totally abandoned project that was doomed is we basically doomed from the beginning with unlimited, you know, issuing of coins. So he just bet on the wrong horse and but I do think honestly think that this is the way he works. He always creates a problem then brings the solution and then he's the hero that brought a solution for the problem that he people didn't know existed but now Elon told them they have a problem and Elon will also bring you the solution. So everybody will be mining shit coins with their overpriced solar city equipment and Elon will supply it probably with a nice box that's Tesla on it or something because I looked at those panels and the necessary batteries but the batteries for the power wall they're called really nice look nice you can put the whole wall of your garage you can put all those power wall units in there but what they don't say is that after a few years, a few years the batteries are just as useless are a bad as your old laptop, you know, they don't hold any charge so that's how can that be. That sounds like it would be bad for the environment. No Elon, no. No, it's really bad. All this lithium is mined by slaves by the way. So it's so instead of storing it, he might want people to go in mine cryptocurrency because it's like free and it's green and it should be subsidized and maybe he can even get some subsidies for it. It's a wild idea but you know he's always presented new business ideas like this. Create a problem people didn't know existed. Shout out on Twitter about it then present a solution and then Elon Musk saved the day. I take it one step further. You heard it here first for me. I think he's on to a coin called Energy Web that is for trading energy carbon credits and I think there's I think there's something there that he's doing because he is involved in that specific project through a funding mechanism he has. So I think there's something I don't know. And wrong 2.0? Probably. There's also been rumors that around the time Elon started tweeting about his kids buying Dogecoin that a large account started buying Dogecoin and now has something like $26 billion in Doge and isn't selling. Yeah. By the way Martin, your mic is tiny little bit quiet compared to everyone else. But yeah, I just want to add to that. I think that Elon definitely has that problem reaction solution stuff going on. This is what two people government sort of murder separate and they actually as well problem reaction solution. And yeah, I definitely think he'll come out something. The thing is he can't come out with a proof of work minor because even if you take if there's a minor that's less energy, it doesn't matter because you're incentivizing it with coins with money which means you'll get more and more and more and more difficulty to the point where it'll just end up catching up with Bitcoin if it's successful. So there's a proof of work is fundamentally in that sense of if you're taking it from pure muskian. Well, that's also all agree that that musk fell into a logic trap here. And as have many on Twitter have said during the beginning of Tesla when he would be criticized, they would say, well, you built this beautiful electric car and you built this electric pump that puts the energy in there. But all the electricity that's going in there is dirty. It's all from coal mines. It's all these things. And he had to deal with the same exact argument that your beautiful new system is still connected to our dirty old system. Therefore it is worthless. And he was able to fight this with Tesla. But then there's some kind of disconnect in his brain. He couldn't fight this with Bitcoin. And he laid it down in this weird half manner where Tesla is still holding the coins. Elon now on Twitter bragging about their diamond hands, which I hate to tell you something Elon, when you're a billionaire and you know where your next 10,000 meals are coming from and you don't have to worry about paying your health care and all these kind of things, it's not hard to have diamond hands. Like no rich person in a country club was ever laughing about how they didn't sell an investment because they're so rich. It's not really understanding the culture here and what's going on. You're just appropriating, which for other cultures can be very bad. Elon, so I know and gives a shit about the cryptocurrency culture and appropriating our memes. But for other people, I wouldn't do that. So I also wanted to go back to something that Josh said about how this keeps happening and that somehow Bitcoin and the amount of money that's here is a lightning rod. And it's a lightning rod for scammers and for narcissists. And we have some of the best narcissists in the business. And like Josh says, they all have a pattern to come in. They love Bitcoin. They get on board. They think it's great. Maybe we start calling them Bitcoin Jesus like Roger Vier. Everyone loves him. Then all of a sudden he's like, I can't quite make enough money on Bitcoin or whatever it is. It's not fast enough. There's not enough transactions. There's not mine. Yeah, it's not mine. I don't own it all. Like I should have gotten in the pre-mind. So then they make their own coin. Roger ended up with B cash. He didn't really make it, but he joined them. Then along came Vinny Lingham. The same thing, this appeal to authority. Someone who has a voice outside of Bitcoin. Therefore, their voice must be more important than the people inside of Bitcoin. So they come in and everyone loves Vinny Lingham. And he's all in a Bitcoin and shark tank and all this. Suddenly he's got his own coin, Civic. And you can save the government with Civic. And it's going to be a government coin. And he's telling how great it is. All of a sudden Elon Musk comes in. Everybody loves him. He's got Tesla. He's got an iron man suit. He can fly all of this stuff. Right. And same thing starts happening. Bitcoin is just not good enough for him. Bitcoin is not big enough. It's not fast enough. It's not clean enough. Right. Pretty soon he's going to have Elon Musk coin. So we do seem to keep having this. And I think it's very similar to what John Lennon said about the Beatles. How they were bigger than Jesus. And they have this problem with Bitcoin where the closer you get to it, it's like getting close to the sun. You're just going to spiral in because you're not as big as the sun. You're not as big as the whole galaxy like Zafaud Bebelbrocks in Hitchhiker's Guide to the Galaxy with a total perspective vortex where he could see how small he was in the universe. And I think that happened to Roger and happened to Vinny and it happened to other people when you get close to Bitcoin. You're like, I'm really insignificant and small. And I happened to Elon. Elon was like, no, I am bigger. I am bigger than Bitcoin. And now we're going to find out who the biggest is. I love it that he's holding it to. The company is holding it. He's bashing it. And he drives 50% of something his company holds. It's very, very well said Thomas. But I think, really, when you saw that crash happening, I guarantee it. His board of directors were on the phone to him saying, can you fucking tweet about how you're holding this shit? We've just lost a billion Elon with your phone. Can you put your phone down? And I guarantee it. And he quickly tweeted, we got diamond hands. Suddenly the market turns around as well as my brother in law selling. So, you know, that went up quite fast actually. It recovered losses in no time from the previous day. So this diamond hands, yes, he's got a huge mouthpiece and it works very well. But he's you don't just, you know, we had Bitcoin before Elon and we will have Bitcoin after Elon. So I'm worried about it too much. Yeah, the important thing is it really, like you said, it really doesn't matter. Look, Bitcoin dealt with China for China is way bigger than Elon. And it's dealt with China for over and over again to the point where when China for comes out, the market generally doesn't hear a react to it. Like we, some people are blaming this downturn on a China-Band's Bitcoin thing again. But, but, you know, like Thomas said, the price was just really high. It's probably correcting. Yeah, that might have done a little bit to it. But generally, the market is so used to China-Fud now that we don't react. So eventually, it'll get that with Elon as well. It got like that with with John McAfee. It got like that with Roger Ver. After a while, when these people fud and fud and fud on it, after a while, it's over it. People will just keep buying because at the end of the day, the mantra is folks, there is only 21 million of the very first crypto currency ever invented. 21 million. I also want to make a dual-pronged attack on this coin nonsense. I'm on mute. I'm mute. I can hear myself. All right. No? I'm going to have to take over now. I can hear you. No problem. I disagree. I think it's working fine, Josh. Check yours again. No? We'll see in the chat. Sorry. My speakers went to end up. Your speakers went. All right. But now, I remember how I was going to say. Sorry, man. Something about Dogecoin. Okay. Here's my solution. I've got a two-pronged solution to altcoins. On one side, we're going to rename Bitcoin to Sats. From now on, it's all Sats and they're really small and you have a lot of Sats. You are rich with Sats. Congratulations. Unit bias problem solves. Now, on the other hand, what you're looking for is a cartoon mascot. You're looking for a dog. You're looking for a dog named Sats. That's right. The currency is called Sats. The dog is called Sats. You should buy Sats. You should pet Sats. You should be starting a part of the Sats crew. We've solved the problem. It has a dog. It has all of Bitcoin's amazing technologies. Adam Back, Second Layer, Liquid Technologies, Lightning Network, all of those things. Plus Sats the dog. He's funny. He's a dog. He's cute. I think what people really want is they want to be a millionaire for about $400 US. You could buy a million Sats, complete with dog option on the coin. A million Sats. You're a millionaire. That's done. Then the other parts they want this dog. They keep coming back to Dogecoin and they're like, it's a cute copy of Bitcoin. In their minds, they think that it's like Pepsi and Coke. They're just right next to each other on the shelf. They're both sugar, carbonated beverages. They both wreck your teeth. They both make you fat. Who cares which one you drink? It's not that with Dogecoin and Bitcoin. It's not like that with Bitcoin and Ethereum either, but for different reasons. But with Dogecoin, it's just such a uniquely bad example. I don't want to bag on the Dogecoin creators. I know Jackson. He's cool. I've never met the Billy guy, but I'm sure he's all right too. They were sitting around one day, having a laugh, changing the wallet of Bitcoin to Dogecoin. They put the Doge image in there and they changed the font to Comic Sans. If that's all they did, it would be kind of like a copy of Bitcoin and maybe somebody could have kept it up to date. But they didn't. They changed the issuance. They wanted that million sats. They didn't want it for the pennies. They wanted that million for the units for the Dogecoin. So you'd have millions and millions of Doge and you'd always be rich with Doge. And it's always printing the Doge. So whenever someone comes along, they're like, I like that funny dog coin. They have no idea how much it's printing, how much it's already printed, all of the complexities that were created with these problems. They also have an inflation bug. It just prints more. They don't know how much. So they come along. They want the Doge, but they get all those problems and this keeps happening. So from now on, if you want the Doge and you want cute and artists, please start working on this. We'll work together. We'll NFT it. I'll retweet it on the mad Bitcoin. So whatever guys want sats, the Doge is cute. He's probably gray. He probably has a red K-Plex Superman and a Bitcoin logo on it because he kind of has superpowers. He has two personalities. Clark Kent sats the dog. We can beat this Doge coin. We can make this stop happening. What do you guys think? Inflation bug you mentioned in Dogecoin. Did they never fix that? I'm not sure if they fixed. I know from the thing that Dogecoin has been worked on in three years, the last important thing that I heard is they switched from being a real coin that was mined to a coin that's merged mind with Litecoin, which is another thing that does Elon even know that? Does he even know like Dogecoin is not even a real coin. It rides around like a spaceship on top of an airplane. It's like I'm a real spaceship. They're a spaceship on top of an airplane. You're not going anywhere. That's sort of a great meme with a psychologist sitting there with someone else and the guys lying down there saying, yeah, me, I'm working with the Dogecoin developers to make it more efficient. The psychologist is like, are these developers in the room with us right now? Elon. Yeah. And it's an empty room just just a patient and a psychologist. It's fantastic. Good meme. Well, and I hear what they're saying. They're like, we want we want a coin without all the Bitcoin baggage, right? We want just the Doge, none of the weirdos, none of the scammers and all the things. But it's like, if your coin ever becomes valuable, you'll attract the scammers. If you're ever, if your coin ever becomes valuable, you'll attract the hackers. Then you're going to need the smart talking people to find your solutions for the hackers. And then you're right back where you were. You're surrounded by scammers and hackers. And the only thing that you've changed is that you have a cute dog as your logo. That's why the new logo of Bitcoin is sats. Sats the pup. Sats the coin. Sats. Sats. Sats. We're done. Sats. By the way, I think just to round this off before the exit question. Elon, Elon, I feel is like, I want, wouldn't it be hilarious if we could have a world economy based on a Doge meme coin? Like he thinks that's hilarious. But the fact of the matter is, the true Bitcoin is an ass. I think, wouldn't that be hilarious if we could get a cryptocurrency to be the world? That is funny enough, Elon. You don't need one with a funny coin dog on it. Yeah, like that's actually doing a worse job than most governments in terms of inflation. Like, you know, you can have Bitcoin and still be hilarious if that removes all central banks and becomes the currency of space. And by the way, you know, it does, people find greener and greener energy. So your green fight is ridiculous. It would be hilarious. It is funny enough. And Sats is cuter than Doge. We all know it. Sats is cuter than Doge. Exit question is Elon Musk a genius? Is he playing with everyone behind the scenes, making tons of money? Or is he an idiot just bouncing from success to success like forest gump? No, never having a plan. Always being lucky, shrugging his shoulders and saying, I guess that worked. Martin, Wismar, your thoughts, Elon Musk, genius or idiot. You're not leaving me many options, but I don't think he is a genius. It's the people behind him, the team that that's the show, you know, those are the genius ones. He's just taking credit for the team, which is in my opinion makes you a bad CEO, just like Steve Jobs at Apple. You know, he will always claim he credit for everything his team did for him. So you know, good CEO, Greg gives credit to the team, but I don't think he is an idiot either. He's very, you know, he has a plan. He always has a plan. And as I said earlier on in the show, I think he is doing this to then come with a solution, a sort of Tesla branded coin that's super green and that is something like that. And it will be a shit coin here, dots because setting it up from scratch will be too much work. So, you know, maybe those doge coin developers will be in the room, you know, or just I don't know, I don't think he's stupid. I just think he has a plan. But I'm not going to hang around and wait for him to tell us what the plan is. I'll just stick to Bitcoin. We had Bitcoin before and we will have Bitcoin offer Elon Musk. So, yeah. How about this? He could do doge coin dark. Josh Shagalla, Elon Musk, genius or idiot. Doge coin dark. I mean, Elon is is definitely not an idiot. He's he's extremely hardworking. He's obsessive. But I think he's you know, Richard Bryanson put it well. I'm not quoting him directly here, but it's something like I'm a dyslexic idiot that's really good at finding great people and surrounding myself in them. And really any good entrepreneur is that you cannot be a good entrepreneur if you cannot find great people and surround yourself in them. You cannot be a good entrepreneur if you're the most if you're the cleverest of everyone in the room. You have to continually be the dumbest guy in the room because your job is to find people that are really, really clever and hardworking. And you have to bring the vision. So, Elon is I think more of a visionary than intelligent. Of course, he's very smart. He's a great, I think he is a very smart person, but he's more of a visionary. He's got and he's very hardworking and surrounds himself in brilliant, brilliant engineers and people and designers and everything else. But yeah, I think here, I think he's run out of time. I said it in the last show as well. He just doesn't have much time of research stuff. I think he's just having fun with this crypto stuff and saw one little meme about Diamond hands and decided to repeat. What's funny is if you read the PayPal book, the PayPal book is almost all about Max Levchin, one of the engineers at PayPal, one of the top three guys. He's the one that's always down there solving the problem. He's the one getting the new servers online. He's the one handling the crisis is saying how the operating system should be run. What back end they should do. Elon, Elon Musk is the one recommending that they run Windows NT. Elon Musk was actually removed as the head of PayPal for suggesting Windows NT. They then switched back to Linux and eventually Max Levchin, I'm probably saying his name wrong, but he's a genius and he's the one that solved PayPal's server problems. So I agree with what Josh said. He's very much supported by the people behind him, the people underneath him. And someone else had a really good and interesting tweet about Elon. They said that he's surrounded by Yes, man. And these Yes, man tell him that he's the smartest person in the universe every day. So when he says my car should make fart noises, even while it's in motion, they say, okay, when they say my car should play karaoke, even while it's in motion, which I think is unsafe. I wrote in a Tesla recently and I think it's radically unsafe, how much garbage they'll let run on the screen. They'll practically let you watch Netflix while you're driving the car. And that's again, that's the kind of idea that would come from Elon where he'd be like, it would be really cool if you could run Netflix while driving the car. And no one can say no to him. So it would be cool. It would be cool. Yes. Because my Android Auto dashboard is rejecting me from playing Netflix and YouTube and it only plays audio and it took me about a month to find out that there is really no way around it. And if somebody creates an app that works around, then it's automatically blocked by Google because you're not supposed to watch Netflix while driving. And I think this is I don't like this this whole thing. If I want to watch Netflix while driving, I should be watching Netflix while driving. It's yeah. The problem is the other cars. The problem is the other cars and it does affect other drivers when you're watching Netflix. Otherwise, I'd say, yeah, you could watch it. But so it's a lot of those things. And now he's out here on the wider internet, unprotected by his people spouting off about Doge Cohen and all the things he usually does. And it's a lot like Trump right where his ego's been shattered, right? The internet is questioning him. Smart people like Adam back or writing back to him. Michael Sailor is trying to explain Bitcoin to him in the nicest of terms. Really the nicest way. And Elon's making fun of him. And you know, poke him and being a jerk and all this. And I just think that he's never been in a place where he's not the smartest person in the room. And now he's on the internet. That's not working out for him. And he's lashing out. And that's what all this like Doge Cohen and all this coming back to it and this silly jokey stuff. He's joking because he's not up to the competition. But who is when you got Adam back responding to your tweets, dragging you down? Let's give him a break on that too. He's got the whole internet against him. I would suggest running away. Elon running away for a couple of months, go on a sweet vacation. Don't give a crap about these internet people believe me. You won't notice them on your sweet vacation. Let's move on. Check out the WCN Clips channel. WCN Clips has got the greatest clips of the world crypto network. And you should share them and thumbs up and retweet them. We're going to try to tweet more of them here on the world crypto network. So we can try to connect you guys to the clips. But these are the clips. Here it is. Here's a popular run. I hear it says Musk cancels buying Teslas with Bitcoin. So clips work. Check out those awesome thumbnails. Shout out to the clips guy for doing the clips. Very cool. Moving on to ish23 green piece stops accepting Bitcoin donation sites high energy use. Friends of the earth is reported to be reviewing the situation as well. Elon Musk's energy fud has entered a new realm as it is now convincing nonprofit agencies. Yes, that right. That's right. Small small companies with very little power. Certainly not governments are now deciding on their own that they shouldn't accept Bitcoin. The currency of the future. The currency that could very well fund their organizations for decades if not hundreds of years to come are being scared away by energy fud. Josh Shagalla, your thoughts on Elon Musk's energy fud now convincing legitimate organizations specifically small organizations that they should not accept Bitcoin. Man, green piece, please don't be fools. You know, the oceans are dying. We need you. We need you to accept good real money that's not nonsense fear crap. You should be holding Bitcoin. You should be holding Boolean. You should be getting out of fear. Don't hold that crap. I mean, I see some of the clips I saw some guy from green piece going after and rescuing seals recently just running after fields of seals that were just covered in fishing line and it was all cutting into it like into them and they'd capture them, cut the stuff loose and they'd run it. Amazing work. Really good stuff. Guys, this is nonsense. Please accept Bitcoin. Don't not take it because of this fud. It's just nonsense. Bitcoin helps us find greener energy. It accelerates the green energy, the clean energy. It accelerates that. Stop this nonsense. Martin Wishmeier. Yeah, I think it's been, you know, green piece as a kid when I was growing up, they were doing a lot of things and hey, haven't heard much about them over recent years. And in the 90s, they had this financial scandal where they were investing donated funds and were playing financial markets. And I think especially Bitcoin would bring some transparency to this organization. It would help them make proof funds trackable using the blockchain. And it would show people who donated that their funds are spent wisely instead of being played on the stock market somewhere and then lost because they lost millions in those financial scandals. And they also had like a problem with reorganization where they basically got rid of headquarters and everything was done locally. So I think for organizations like green piece, it's really important to bring back this trust or get wind back this trust from your subscribers or your members or people who donate. And the blockchain is a tool to do that. You know, it's a third party or triple entry ledger and people will be able to see that yes, my funds are still there or they got spent and then they can show the people that where they spend it on. And I think this is really important, especially in current times that they need to work on their transparency. Otherwise, they lose their trust from the people. And that's, well, it's not the only scandal. They had a bunch of scandals. So I think even though the people working at green piece do very good work, the organization itself is not without its problems. So I think it's very important for them to keep accepting cryptocurrencies to work on the transparency. And that's just all I have to say about it. I think it's took it. It's shortsighted what they've done. And in the Friends of the Earth, I've never heard of sorry, maybe it's big in the US or something, but I don't know, I think they're similar in that respect to green piece. But you know, when I was young, green people was like, no, they were at a warrior's fighting against nuclear energy. But now they're actually promoting nuclear energy, saying that yes, it's good, less carbon emissions. I mean, really full of full on lefty types as well, which is one more and more control. I didn't hear about green piece for at least 10 years, but until they stopped accepting Bitcoin, I didn't even know they accepted Bitcoin, but I'm thinking, you know, they should get their act together. Think about it. Think about the transparency and winning back to trust of the people, basically. And blockchain is a good tool to do that. So I hope they changed their mind. Regardless of the goals of the agency, I think this is the true cost of the Elon Musk Fudd. Elon Musk through scaring people with the cost, energy cost of Bitcoin, trying to protect his company Tesla, has scared off legitimate organizations who are small and who would benefit from Bitcoin. Larger organizations, it doesn't really matter. They're already well funded. But if you're a small organization, this is your chance to accept a currency that could actually help your organization. So it's really unfortunate that this energy Fudd continues just last week. I think Galaxy Digital released a report where they did what everyone's been asking for. They compared Bitcoin energy use to the energy use of the banks and of the gold bullion industry and found that Bitcoin used less than either of them. Yes, less than either one. And they found once again, as we've been saying, Bitcoin uses less energy than always on devices. So devices like your PlayStation that stays on your DVD player, your blue ray player that stays on your television that never really turns off all of that extra energy more than Bitcoin. You're a Tesla that never turns off by the way. Also, I mean, just, you know, I want to say that I have a Tesla. I love my Tesla. Never turn off. And they're you. And we get so much more than Bitcoin. We get a chance for this agency to accept donations anywhere in the world. No censorship. None of this, like you're not accepting this or remember when PayPal and the credit card companies turned off WikiLeaks. That's one of the reasons a lot of us are here because of the WikiLeaks organization got so much press for Bitcoin as well as when they thought about taking it, when the EFF thought about taking it, when they stopped taking it, imagine if the EFF had just held a bunch of Bitcoins. They could have not taken it, but they could have held the ones they had. Why are magazine had a bunch of Bitcoins? And again, this just keeps happening. These short-sighted organizations and to see it from green piece, which is supposed to be thinking about the environment, supposed to be thinking about a thousand years or a hundred years. Bitcoin is here to stay. You could save the environment more with Bitcoin. Let's move on to the exit question. Other organizations that should have held their Bitcoin include the United States government. Should the United States government have held their Bitcoin and built 50 Smithsonian museums, one in the each of the American states, 50 states, 50 museums, Martin Wishmer, should the United States have held their Bitcoin and built this incredible chain of museums? I'm not exactly sure how many Bitcoin they had, but they confiscated quite a large number of Bitcoin. So I think it would have prevented the whole money-printing disaster that happened last over the past year. So yes, they should definitely have kept it. And I think from all the countries in the world, Bulgaria is one of the countries with most Bitcoin. I think it's because of the one coin scam or something or another Ponzi, they rounded up at the time, but they have a huge number of Bitcoin. I'm not sure if they sold it or not, but if they haven't, then it solves all the problems. So I think it's wise for governments to hang on to Bitcoin. Unfortunately, what we see is they either sell it off by auction or in the Netherlands, if they confiscate Bitcoin, they immediately sell the Bitcoin. They just sell them immediately the same day for Fiat. And even if the person whose Bitcoins are confiscated is deemed innocent at a later stage, they don't get the Bitcoin back. They just get parked back in Fiat. So there's scruits anyway, even if you're innocent. So no, always hold on to those Bitcoin. Whether you're government or whether you're just stacking sets from home, that would be my advice. This could be a reason for another government to attempt to take over a bulk area if they have a lot of Bitcoin. Josh Shagalla, 50 states, 50 museums, 50 Smithsonian's. Thank God they sold them. I actually find it funny that governments sell the Bitcoin for Fiat that they print out of nowhere for free. It just makes any sense at all. It's the weirdest thing. Why? Why? But I tell you why, because they can just print more and buy them all back. They just print the money and buy a Bitcoin. So they could literally just buy all of the Bitcoin. Because they just print the money. The problem is it would go to a multi trillion dollar Bitcoin pretty quickly. But yeah, I definitely think the next step, like we're currently in, you know, in 2017 was the big onboarding of the mainstream of the masses. This pool cycle is the onboarding of the corporations and the large Wall Street players. And it hasn't hit all of them. So it's kind of a half on. The next one will be a full on. And the next one after that will be all governments. And like government starting to buy and hold. And that's when you see a million dollar Bitcoin. 50 states, 50 museums. As Josh said, a million dollar Bitcoin, we'd only need 50 Bitcoin to build the 50 museums in the 50 states for the Smithsonian Institution to fulfill its destiny of serving the American people. They wanted to move the capital from Washington, DC to Iowa City to be closer to the people so we'd have better access. They didn't do that. The least they can do is give us 50 Smithsonian museums in 50 states and the penny and daylight savings time. Thomas Hunt for President. Let's move on to the next issue issue for China. Food because no one really cares Bitcoin caps tough week with China's boring clamp down on crypto. Yes, China blah blah blah blah blah is something something Bitcoin mining blah blah backing their people won't let them use Bitcoin blah blah blah they're doing it again. Okay, so every six months to a year here on the Bitcoin group, we cover China, Fudding Bitcoin again and every six months to a year the Chinese government probably buys Bitcoin and just like they're saying about Tesla, China loves to dump on the price before they buy. So here it is again, your chance to sell your Bitcoins to China because we know the US governments too stupid to be buying them even for a noble cause like 50 Smithsonian museums in 50 states. Let's go to Martín Wismair your thoughts on China Fud again again again blah blah blah blah the media is still excited the media cares. I mean what's there to say I don't it doesn't even register with me far as I'm concerned you know people in China they have they they they just they just mine and they just trade anyway and there's probably a reason for the Chinese government to like try to push their own digital shit coin instead of having the people's currency Bitcoin. So there is there's what China says and what China does is to entirely different things in my experience the same thing with exporting you know currency out of the country traditionally people went to Macau they took a they they couldn't take for a suitcase is full of cash or what they would do is they would go in China to a local agent they would give them their local currency and then they would get these casino chips they would take those to Macau they would only play one round of roulette then immediately go back to the cashier cash out all the the tokens or the chips casino chips and then they would have a bank account would be opened for them that was their way of getting money out of the country nowadays I would assume that is this is like a bit old-fashioned they crack down on Macau a bit so Bitcoin is the way to do it you know you just buy Bitcoin and Bitcoin is free and the money can flow anywhere where it's better treated than in China so I understand I want to crack down on this but is it still news? No no no no would it influence my decision to sell Bitcoin? No way no way no just hold ignore it nothing to see here it's just a new China flood so Josh there aren't any even any words on the script it just says blah blah blah China blah blah yeah I pretty much everything the machine just said I agree with it's it you just don't worry about it keep holding move along nothing to see here it really doesn't matter it really doesn't matter now what about the timing we need to address the timing a little bit here because it seems like all the bad things happen at the same time or a lot more likely one bad thing happens other people have bad things ready to go on the shelf for this and they bring up the bad things so Josh I'm going to give you a chance is it all a conspiracy Elon Musk dogecoin working hand in hand with the Chinese government to crash the price of Bitcoin or is it a cascading problem where one thing starts and then they say hey maybe we can launch this and then Thompson Reuters has a bunch of articles about the energy usage of Bitcoin and they launch those at the same time as China has a bunch of articles and then China starts selling and the market starts going and everyone follows the market and it's all cascading or it's all the work of Dr. Evil ruining our Bitcoin weekend now it's no doctor Eva I mean it honestly is just a bunch of stuff that generally how markets work when we're in a hype cycle and things are going good or only in positive news this person's accepting that's happening this person made a million billion dollars this person's lost his wallet and it's now billionaire but now and nobody and it's just constantly good and when the market turns the media has to find the negatives are Bitcoin's gone it's dead it's finished I put the media that it's using way too much energy it's blah blah blah and really it just doesn't matter there's only 21 million units of this stuff just get some and when it's down get some because now it's on sale hey if the jeans shop down the road was 50% off and it was the same pair of jeans that you really liked wouldn't you go and buy them it's a very boring story to just say markets go up like this right markets don't go straight up they go up like this over to you Martin like there's nothing else to say that's it nope that's it all right let's move on I think we did it that was the exit question of issue four just like to remind everyone once again to check out the WCN Clips channel just google WCN Clips click subscribe click share these are great for sharing on YouTube or Twitter or Facebook send them to your friends they're like small versions of world crypto network shows that you can watch and then maybe it's so good you'll watch the whole show so WCN Clips subscribe today and we'd like to go to predictions or story of the week Martin are you ready with the prediction or a story of the week no real prediction no real story this time but I just wanted to say my world crypto network fured you know the Bitcoin not bombs one I'm always almost grown out of mine because of COVID I got so fed so I'll order new ones and even though I watched this one so many times it still has perfect print so it's a good quality shirt you can get them online at the shop and don't forget to order and if you're unsure about your size just order two of them and give one away for free to somebody else you you you you you like and want to donate a Bitcoin shirt by the way fashion tip if you're a bit larger like me get color black because it makes you look slimmer so you know color black my favorite that's all for this week excellent point Martin I could have gone for the bigger size as well definitely extra large is the way to go on the t-shirts we could have just ended COVID a little earlier I was ready like a couple months ago as I was in good shape and then now it's like it's just going downhill Josh Gala prediction or story of the week go ahead my prediction is that I'm getting over mass governments like people like societal psychosis of of COVID I'm so over it just stop it everyone just stop it I'm over the nonsense oh I can't stand it anymore I can't stand it get a clue get a clue everyone that's my story of the week I'm not going to do it we're not going to go political but thanks again for everyone for joining us be sure to give us a thumbs up down below we didn't say it a bunch of times this week but maybe you could just pretend we said it a bunch of times we'd be like oh they wore me down I'm going to go push it like I know it's pointless but it like makes them feel good so yeah description share this on Twitter put a comment out there start a discussion come back later put a comment up a lot of people don't comment because it's live so that's about it we had some other shows this week I will be doing more mad bitcoins NFT drops on Monday that's fun stuff and I'm trying to get our interviews but my computer broke again because the hard drive is still bad it's totally my fault so I'm trying to fix it but that's where the interviews are so they're on there they're safe and by the way one quick thing for the folks at home you know follow mad bitcoins on Twitter because you really put out some good content with these with these Twitter spaces stuff it's really it's really cool watching you know having a whole lot of people coming and it's like a talk show where anybody can can talk to Thomas and myself and whoever else and and it's really really fun just to listen to it in the background so yeah definitely get amongst that action and the Josh to participate in the world crypto network spaces they have to follow mad bitcoins right and they have things follow the world crypto network on Twitter pretty much and like Josh said the spaces is great we had all kinds of people in there when the price was down and we've we've been trying to do call and shows for a long time it used to take like two computers and a bunch of stuff and then it took an expensive mixing board and a bunch of stuff and now it just takes Twitter spaces so it's great to have that that barrier lowered not just for me but for everybody if you want to do a call and show about anything Twitter spaces clubhouse both these things are there and we had just a great chat while the price was going down and we had an accountant come on and the accountant was like you know what excites me about Bitcoin is the triple entry bookkeeping just the basic way the system works it's so much better this is going to take over everything you don't have to be technical I'm an accountant I'm just looking at the software I'm like this is great software uh so it was really cool to get people's perspectives like that as well as to see a lot of people just hotling strong not having a problem with this and again shout out to the black bitcoin billionaires on on clubhouse they do a great job there's a whole bunch of guys and gals that come out of there and they always have kind of the right ideas they're like I didn't invest too much I only bought Bitcoin I don't look at it all the time I'm here to tell other people about it and again I'm not hard selling anybody it's not an altcoin it's just Bitcoin uh so I really like those guys and those gals it's good crew so I hope we'll do some more Twitter spaces hangouts this week and uh again if you want to start your own Twitter is opening it up to most everybody we can all do these little spaces things so it's pretty fun so thanks so much for joining us until next time