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, Josh Gala from Valtoro. Hey, you crazy fucks. 10 Eves, the crypto raptor. This is a more watershed, watershed relevant. Hello. Thank you. And I'm Thomas Hunt from the World Crypto Network, moving on to issue one issue one Bitcoin price falls after Elon Musk tweets break up meme. The price of Bitcoin fell Friday morning after Elon Musk posted a tweet suggesting he's fallen out of love with the world's top cryptocurrency. The cryptocurrency recovered slightly, but remained in the red after square CEO Jack Dorsey, as well as Twitter CEO, tweeted on Friday morning that the digital payments company is considering creating a hardware wallet for Bitcoin. Bitcoin was 3.6% lower, while other currencies, including Ether and Dogecoin, also sank. Well, at least Jack Dorsey still loves Bitcoin. Josh Gala, your thoughts on Elon Musk yet again, making the price of Bitcoin go down. I don't know. The Elon, whatever. No, seriously, guys, I'm so, I like, I actually still like Elon, you know, all these people out there that are like hating on him, loving him when the price goes up and hating on him when the price goes down, whatever. He's just a person, it's a person that's created some amazing companies and he's got some cash. I don't care what he thinks, honestly. I, you know, I cared a little bit more when he liked Bitcoin, I've got to admit, but it's time to stock with this person, called a personality Bitcoin. The reason why Satoshi left Bitcoin was that we didn't want these cults of personality running the show. And these people just don't like that, just because they're rich doesn't mean that they're saintly. You know, just because Bill Gates is super rich doesn't mean he knows everything about health. Just because Elon's super rich doesn't mean he knows everything about cryptocurrency. It just doesn't matter. It doesn't matter. Bitcoin goes on. It's a crazy goat of currency. You push it over. It looks dead. It'll get straight back up again. I also think it's important here to look at the actual meme. So we're going to put it and bring it up on the screen here. Her, I know I said it would be over between us if you quoted another Lincoln Park song, but I found someone else him. So in the end, it didn't even matter, which is a Lincoln Park song. So that's pretty great. He also put out that he misses you. I'm not sure what that one's about. Why are you crying? Because I miss you too. Oh, and the price went down. Cold blooded Elon cold blooded, hitting people in the pocketbook where it hurts. Just again, not impressive, not impressive work here from Elon Musk formally thought to be a very smart person. Last week, we said that a lot of this stuff might hurt his fragile ego. And this week we can see his fragile ego on display publicly breaking up with Bitcoin intentionally trying to dump the price right before the big conference. Great work, Elon. Friends like you, friends like you, that's what we're looking for. Elon, I think it's important to note, as they said on Twitter, the first time he did it at knock the price 20%. Now it's knocking at 5%. Less and less people care about this idiot. He's exposing himself. It's embarrassing for him. It's embarrassing for Tesla shareholders. It's just like that president we used to have who would just embarrass himself daily on Twitter. Enough, Elon enough. Dan Eve, your thoughts on Elon Musk? Yeah, I kind of agree with many of the points. The fact is that Bitcoin doesn't need false idols, right? Like God, like the Bible or something. But the whole point of I think Satoshi leaving was so that because someone pointed out in the chat is that he didn't want to be an influencer on it. He wanted it to kick the ball up in the air and let everyone carry on playing with it. The fact is that Elon seems to have taken the kind of the SEC action to heart over Tesla tweets and now thinks that he can just be like, raw the markets for those and stuff. And arguably he is. But as you mentioned, Toby cutting in, who's just stacked sat so my dog wants to come up. And the fact was that first of all, when he kind of did his menacing tweets, from 50 K to 30 K and now it's from 39 to 36. So he's quickly becoming irrelevant. And I think that's true. It's that initial shock of like a big supporter of Bitcoin is tweeting silly things and first will the market shits themselves. And then, then they slowly kind of become resilient to these comments because why listen to someone who's just playing it. And I think that if he is trolling, it's kind of a good thing that he, well, it's kind of, it does look like he's trolling on purpose. And it's good that it's so obvious because the markets are becoming more resilient. We don't need an idol. We don't need issues. Think about what happened when there was that. I think there was that rumoured and vitality got done in a car crash or something. And then, and then the Ethereum dropped. And then quite, quite I think respect, maximum respect for him. He tweeted like the block hash or something like that of the latest block hash and kind of proved you is still alive. But it proves the point that you don't need these these false idols. You don't need someone at the top of it who is a human, you know, who is, you know, he's almost, almost godlike because up to left after designing implementing and running it for a little bit. Whereas if someone becomes a spoke person for Bitcoin, there's always going to be a lot of people that disagree with them. You know, that's why people didn't like the Bitcoin foundational, the BFF or whatever it was called and then reiterated as, you know, more recently they tried to reintroduce it. You know, no one wants to kind of spoke person for Bitcoin. They want Bitcoin to be Bitcoin and every different reason that someone's into Bitcoin is a different reason for another person. And although, you know, obviously people club together and they do laser eyes and cool stuff. The fact is that everyone is individual, you know, it's, it's, you've got, we've even got our own BTC socialist, you know, there's, there's, there's libertarians, there's right wing, there's left wing, there's socialist. Bitcoin doesn't need any one type of thing or any one type of human. Bitcoin is, is uncensored, unsensurable money and it needs to stay like that. It needs an unsensurable human. So yeah, it was fun while it lasted. We're being on tweeting all the cool positive stuff. But now, you know, he's on the negative stuff and everyone's a bit pissed off. Yeah, so I think I like, what's his name? Russell O'Conn. He's, he's not, he put like a, like a post-it-type thing out like stick to space Elon. So I think it's, I think it's, I think it's called the, obviously, you've got people, you know, that are behind Bitcoin from a tech perspective. But when they get over themselves and try to manipulate the markets, they just become the traditional system, which is a manipulated market, you know, which no one's, you know. I think Dan makes a really good point here about Vitalik during the Vitalik death scare. The media was all about how Ethereum was dead because the founders dead and just like during this, a major Bitcoin supporter who Elon isn't. He hasn't been with us a long time. No one, everyone seems to forget that. A minor Bitcoin supporter who came recently is having doubts. It has a lot less weight if you say it that way. And they have certainly been trying to link Elon to Bitcoin despite the fact that he doesn't seem to be our friend. Now moving on to the exit question with Tesla saying that Bitcoin is too dirty to take it for cars. And now Elon publicly breaking up with Bitcoin on Twitter. The million dollar question is Josh Shegala will Tesla sell their Bitcoin? There's a deeper part to play here is that Tesla makes more money from what I've heard. Correct me if I'm wrong, chat. But the article that read makes more money from selling carbon credits and trading carbon credits than it does and receiving those credits from the government and then selling them on than they do selling their cars. And that would by having Bitcoin which can be calculated, its carbon can be calculated, which it can't really because it's decentralized minded. So we don't know how those miners are getting their energy. It's ridiculous to say that it's all carbon based energy. But anyway, from what I've read is that that might be put in danger that they might not get those carbon credits from the state because the state not only prints treasury notes, it also prints carbon credits that it gives to companies that are green. And so yeah, I don't know. It could if does affect that, then he could end up selling the stash. It all depends if the shareholders, if it makes more money holding them, which inevitably will, then it does the carbon credits. It's a bit of a gamble. Let's see. Is he a gambling man? What's waiting to see? You can't give up on those carbon credits. Dan Eve will Tesla sell. No, he knows. He knows the to huddle. And in fact, what was their entry point? It was about, it was probably about this, right? It wasn't a 36K or something. So, you know, there could be a lot of fingers prodding in the background saying, like, sell out now, we made it, we made a load where they sold 10% or whatever, 20% to prove liquidity. But, you know, there could be a lot of pressure on now to say, right, we'll dump out, you know, this could be it. Because anyone who's not been for a Bitcoin bull run, doesn't know what it feels like to see the entire net worth. Because obviously, you're not Bitcoin until everything is in Bitcoin and seeing that drop like 80%. They don't know what it's like. It's like, it's a new thing. It's like, you know, it's kind of the equivalent of getting paid when you're not working. I know we've got this Bitcoin. It's like getting paid and everything, every paycheck. There's like 90%, like 90% and what's the reason it's like musk tweeted about those. You know, oh, Goddamn it. So, yeah, there's a lot of people that are scared and probably a lot of Tesla shareholders. I'd like to think they're kind of tech savvy people who probably if they invested in Tesla because they believed in it, they believe in Bitcoin. But then I saw a crazy tweet today, which was, what's his name? Good old Vinny Lingham talking about like driving a Tesla. And then I don't know, paying for mining doge with his Tesla whilst driving it and all sorts of crazy stuff. So this is a crazy world we're living in where crazy things can happen. And hopefully Tesla are a sane enough company that they know. I like the quote the other day. I can't paraphrase it, but from Trillion, you know, what's his plan B Trillion, Trillion, $100 trillion of USD or whatever it is that the stock to flow dude. That if you hold Bitcoin for four years, like you know, there's a no one who's held Bitcoin for four years. He's not been in profit and I think that's a really cool kind of staff. Yeah, that's just the same thing that Blake used to say years ago that you had to have a long time horizon. People just found new ways to say it. I like stock to flow. I also like saying there are only 21 million bitcoins. It's the same thing. I just I didn't know I'd make a chart. Josh, yeah, more on this because we are going to consult the Bitcoin ball, the perfect. Because I'm not I'm not hearing any solid prediction here. And I know I have a lot of Tesla stockholders. Everyone in the chat. Could you give us all a thumbs up right now? There's about, give us a thumbs up. Thumb it up. Many six people watching on YouTube. That's quite a lot. I don't know where you didn't even tweet this out. So you shouldn't even be here. This is a secret secret reading. So here we go. Will Tesla sell their Bitcoin? Remember, this is the magic Bitcoin predictor ball, but we can also ask it other questions from time to time. More thumbs up, the more accurate it is. It's amazing. It is. Great. Cannot predict now. Cannot. Not enough thumbs up. Ball will not perform. We have no answer. We'll just have to see next week. But I know how to get free Bitcoin from Tesla. If you do the listeners want to know? If you want to know, hit the thumbs up. I'll let you know. What you do. Oh, there's the thumbs up. All right. What you do is you buy a Tesla that still got the free supercharging. Right? Because some of the Tesla still have free supercharging. So the older ones. So what you do is you get that. And then you stick a dogecoin or Bitcoin miner into the the front and in the trunk. Just just all round and supercharge the hell out of it. Start mining on your free and then pay off the Tesla and you got down. You're in the money. I think that's why I would also that would also be green mining because as I was we know all of the energy from Tesla superchargers is green. Yeah. A company like that that looks such a stand against Bitcoin wouldn't dare use dirty energy. No sir. I think that's why I got approved. Very soon, very soon. She'll be mining Bitcoin in no time. Moving on to issue two Bitcoin is Batman. Another way of looking at Bitcoin according to philosopher Craig warm key is similar to Batman and the Batman fictional universe. Many people have written for Batman over the years, but there's a certain canon, a certain part of the Batman story that keeps reoccurring. This Bitcoin is a similar story where originally there was this nothingness created that didn't have value, but people stepped in and told the story, spread the word about Bitcoin yet while remaining within the Bitcoin canon remaining within the story of 21 million units and single direction sending and uncancellable, unconfiscatable. The Bitcoin story. When Eve I ask you is Bitcoin Batman? Are we existing in a Bitcoin cinematic universe? I think it's a cool parallel. I like the quote at the end, which is at which and the next time someone posts like I haven't checked the character count, but the next time someone posts like what is Bitcoin? I'm going to say the quote from the article. It's a story that's written collectively by all the Bitcoin holders. It gets more valuable than more people know about it. It sounds very hippy like help write it and the longer the story goes on. You can do that with anything. You'd say like Bambi. Bambi being shot was the financial crisis of 2000 Bambi's mum was 2007 and then Thumpur is how and then Bitcoin was created and Bambi goes off on a mission. You could probably tailor it to any story. It's like numerology, isn't it? Where everything you can make a pattern out of something and link it back in some crazy way. I want to went more towards Ninja Turtles. Splinter is Satoshi and the four turtles are like how and Adam back and the other parts of Satoshi, Matt Biccoins, Max Kaiser, all those people. I like it. Maybe that's it. Maybe in order to spread the word of Bitcoin we translate it into kid stories and then each one is talking about how Splinter reminds the first Bitcoin in a sewer in LA or something. I don't know. I think it's cool. It brings out the imagination, doesn't it? The creativity that comes out of Bitcoin, it's sending money. It's sending money from A to B in a nonsense way. How the hell did memes drive the thing to 65K? I know it's obviously not memes. No one's meaming about the financial system. Obviously they are but they're really crap memes compared to Bitcoin memes. Let's be honest. Bitcoin inspires creativity and it's built for the people. It's not this kind of entity that is controlling it. It's what we're escaping the entity. We're escaping the control. We're escaping the single musk, the single person that can tweet something and make it drop X percent. I think it's cool how they tied it into the comics scene and Batman specifically. I suppose there's that synergy about the fight against evil. It's like a kind of, and who knows? Satoshi could have been a really rich guy that could have been one of the billionaires but was designing it because he knows that that system that he's enveloped in having touched shoulders with a load of other billionaires. Well, I'm cursed. Not a joke. A billionaires are cool. I'm one of them. But no, he could have realized that actually it's a bad system. This isn't a good way. We're all doing is recycling money at the top and Bitcoin could be a way to help that proliferate and not be controlled by a single entity or a single government. I kind of like the imagination. It's cool. It's cool. Keep the content coming. We almost had a major reveal there by Dan but you have to say it right. You have to say, I'm a billionaire. And then, then no, then no, it's true. I like the metaphor. I thought it worked better for kind of the older Batman's, like certainly the 64 Batman and the 80s and 90s Batman. It gets a little muddy when you think about the new Batman where a lot of the criminals are actually trying to accomplish what Bitcoin is accomplished. You have the Joker lighting the pile of money on fire, laughing at the gangsters, destroying the old order, right? The Joker is a metaphor of change. The old order is the fixed entrenched gangsters who weren't even strong enough to get rid of Batman. But maybe the Joker is, right? And especially the one after that with Bane and he's like destroying the whole world. And there's a financial crisis and Batman is sent down the whole. But then Batman climbs up the whole. Maybe he still is like Batman, Bitcoin, Batman, Batman, whatever. I like the metaphor. I think it was a fun article. Josh Tegala, what do you think about Bitcoin? Batman. I don't know, I don't have much to say about it. So yeah, maybe, what if we said like how, zoom, Batman? Yeah, I used to love the, yeah, I mean the original 60s Batman, like running around in his little tights with the jocks on on the outside and running with that fake ass bomb down the jetty. You know, not knowing where to throw it because it's cute puppies and stuff around. I don't know, yeah. Next, I don't know. Of course question, what is the coolest Batmobile? Do you like the old one, the Cadillac, the new one from the TV shows where it's kind of rounded or maybe that crazy new one from the movies with all the spikes and the lights? I don't know, or pick your favorite car. If Bitcoin, Bitcoin drove a car, what would it be? I'd say like the Joker one, that with Jack Nicholson, that one, that really old one. I don't know, does just me. I think, I think Bitcoin, if it was a car, it would be like a, I don't know, like a shithee old one later, Lada, with like a Ferrari engine in it because like from the outside, you know, people look at it and they're like, oh, this Bitcoin, this stupid thing. And then from anyone who knows what's under the hood because they bothered to do the research, they're like, maybe, room, room. Yeah, I reckon it's herbie the love bug is Bitcoin. That's a car with personality, like a kit type of car, a talking car. If we're going to go with Batmobile, I'll go with the one from, I think it was one of the unpopular Batman's, like Batman and Robin or something, but the Batmobile could transform and it solved pretty much every problem. Like he was coming up on a really tight alleyway and he was like, smaller Batmobile, genius. And then he needed to fly and he like, shot off from the car. Bitcoin solves all your problems. It's an every kind of Batmobile. It's the best. I think I'm going to have to go with because I think it's still there, but there's like down the road for me is the beauty, most of me is him. And I think it's the Jack, not Jack Nicholson, the Michael Keat, yeah, Michael Keat in, like the original, the semi-rein, the 90s, the Batman movie. I think it's that one that's actually there. And I may have seen it. In fact, I'm not going to go down that story. I've got a funny story. That's a nice one. It's got the machine guns that pop out and all the tricks and where does he get those wonderful toys? Moving on, check out the WCN Clips channel, Google WCN and Clips and subscribe. You could join the 42 others who have subscribed who are getting smaller versions of this show. Also still a chance to give us a thumbs up. There are 45 people watching now that's way more than 20 and I didn't even tweet about this. So somebody told you about this show probably from pushing the thumbs up. So you should join them and tell others. It's just. You're a Greta Thumburg. You're the Greta Thumburg. Moving on to issue three. Chinese economist says, if Bitcoin is widely adopted, we're all going to die. This is not a joke. Chinese economist, can you give me a kind of worst case scenario? What kind of systemic shock would it be to the current financial system? If Bitcoin is widely used in China or the rest of the world? He said, I can tell you exactly what's going to happen. We're all going to die. This is not a joke. He pointed out that Bitcoin has a very strict limited total number, which means that this is a deflationary currency, noting that it will not expand as the amount of human development grows. Consequently he asserted that with Bitcoin adoption, our society will fall into a death spiral of deflation. The whole society is going to shrink and self explode. That's what he alleges happened at the end of the Ming Dynasty when they were short on silver. And actually, as it turned out, switched to paper money. Josh Shagalla is the professor correct. Is Bitcoin's deflationary nature going to kill us all? I don't know, but I definitely want to see what he's smoking. Where did he get that shit from? I mean, it's amazing. Yeah. The thing is, as Bitcoin becomes more popular, you've got to pull out the bigger and bigger nonsense just to get involved, get your story out there. Because no one's going to pick your story up if you say, no, I don't think Bitcoin will work. Instead, you've got to say, everyone will die. So yeah, look, it's a ridiculous thing. It's the headline grabbing. People will read it. They'll have fun. Eric Voorhees will retweet it because it's funny. And this guy gets a name for himself. But obviously, no, we're not going to die. If it's a bad currency, people will not hold it. People will move to something else. So if it's voluntary, you're not being forced to use this. It's very different to a deflationary currency forced upon you from a large government. In that sense, what happens is that you do get into a stagnationary effect where you don't want to let go of your silver because it's going up in value and same with the Bitcoin, right? You don't want to let go. But at the end of the day, sometimes you have to. I mean, you can talk to many, many Bitcoin, early Bitcoiners. And the reason why they're not mega silly rich is because they had to pay bills back when it was 23 bucks. So you had to put 100 Bitcoin down for your apartment deposit when you moved to apartment. 100 Bitcoin. That could buy you five luxury apartments now in cash. So of course, you want to hold. At the same time, sometimes you have to pay. And if it's not the right currency for you, you won't hold it. You'll hold something else. And this is the whole thing about volunteerism or free market capitalism that is not forced upon you is that you have the choice to make choices that might work in your favor and your family's favor. So it's a ridiculous notion. The guy wants clicks, the guy wants headlines. That's just silly. Well, I want to push back on Josh a little here because from a Kenzian perspective, you can understand exactly what they're saying. They will die a thousand deaths. All of their tools to attempt to control the economy would be taken away. So it really is like cutting off their hands and just letting them bleed out. If you think about it from the Chinese government perspective, it's even worse because they believe they have an even greater control over the economy. They not only control the economy as say the United States, but they also control to a large degree, their people and what they think and what they do and how many children they have, etc, etc. So to lose that power would be a death of sorts. The question I would ask and I continue to attempt to ask in the things I'm trying to write offline here is that maybe this is a good idea. Maybe growth capitalism is a problem. If we look at how we're using all of the resources on the limited planet and we're all interconnected and we need to switch to something that's not so much based on growth, something that would be deflationary. Maybe this is a fortunate occurrence. Although for some, it's certainly a loss of power for others. It could be a way to survive and to switch to conservationalism instead of consumption. I would just want to add to that. I've said this since 2010-11. Bitcoin, what Bitcoin does is make you greener because I used to buy all sorts of plastic crap that was really cheap because I just needed something in the moment and I'll get the cheapest one. That would break with nonsense. Bitcoin is like, I don't want to buy that if it breaks in six months' time. I'm going to wait. I'm going to save up more and I'm going to buy the really good quality one that will last me a few years to hopefully a lifetime. For instance, I spent a way more money than a stereo than I've ever spent because I know that stereo is going to be with me for a very, very long time and I would never spend that much. I'm not an audio file that just loves the tone of every tiny little hertz range. I just wanted some read but I wanted quality that's not going to break because I know that my Bitcoin will be worth more in the long run. It's a very, very green thing. So just put that in your pipe and smoke it, Elon. Dan Eve, your thoughts on Bitcoin and the end of the world? Well, it's definitely the clickbait stuff that people try and do to move the markets. You can imagine that the Elon's kind of, he's a billionaire and he has a lot of swing and these kind of minos come along and they're like, oh shit, no one's going to listen to me. Maybe something like the babies are dying. No, I'm joking. But obviously someone did say that the babies are all going to die if Bitcoin succeeds. But yeah, it's kind of the only way you get people to listen to you is clickbait articles like Bitcoin is going to cause an extinction level event. Yeah, well, it will for an archaic system that we currently call like fractional reserve lending and all that crap. It's going to slowly make the dinosaurs die and the dinosaurs, the traditional fear as we all know. I don't think they're kind of too far off though. So for their perspective, it's like, oh, they're all going to die if it succeeds. Whereas for all Bitcoiners, they're like, oh my God, I'm so going to die if it fails because I'm going to look like such an idiot, but you'll never look like an idiot because it's going to succeed. No, why? Because 100% of Bitcoin is going to fail predictions. But on time ones have passed. The ones that have passed have been wrong. And Bitcoin's now, even those 35, 36,000 dollars is still around and the infrastructure is still being built. When the price dips, people don't just stop doing Bitcoin things. They don't obviously use, we can see it with the Miami party. They don't stop partying. They're like, oh, Elon tweeted. It didn't dump it. It didn't pump it completely. It's dumped and people just go home and they're like, all right, pack up the conference everyone, let's go home. Because what happens is people meet there and even during the worst spare markets ever, where you think everything is dead and you do think everything is dying. People are building. People are building awesome things. They're building things like LN bits. They're building services. And actually go make the conference. So I think Jack Dorsey even said that they're square building a hardware wallet. Obviously irrelevant to a bit. I think we're still in a bull market rather than a bear market. But when people tweet mean things, it doesn't mean that Bitcoin's going to die and that's it. And in terms of the Ming dynasty, it wasn't that based on the hoarding of silver and there's a repeat of the hoarding of gold now. So my equivalent is if that's the Ming dynasty is the equivalent to Ming the merciless, then Bitcoin is hash Gordon. And so keep on hashing miners, keep on securing the network and keep on rocking. They also said in the article, the Ming dynasty had a problem with printing of paper money. There is an infinite amount of cash at the Federal Reserve. That doesn't remind me of anyone that we know. We're running out of time. We're going to skip the exit question moving on to issue four issue four Biden officials reportedly discuss gaps in cryptocurrency rules in response to wild pipes price strings. Yes, that's right. The Biden administration is suddenly interested in Bitcoin and possible gaps of oversight in the crypto market where more regulation might be required in order to prevent Bitcoin from funding, elicit or terrorist activities. Once again, we're back at terrorism. Josh Shagalla, even though report after report shows that Bitcoin does not fund terrorism, they are still using it as a generic disadvantage against Bitcoin. When will this stop? When will they give up on linking Bitcoin and terrorism? Never. It will be a thing that just keeps on going. It will be like the perpetual motion machine you thought was impossible. The thing with Bitcoin is that I constantly roll Bitcoin up if I want to snore anything. I can't. I have to use fear. That's right. Fear. Why aren't they talking about fear and elicit drugs? Why aren't they talking about US dollars and elicit drugs? Surely there's gaps. By the way, where did I'm just wondering where are the receipts for the rockets that Hezbollah have for the amazing weaponry in Syria? What about all the stuff? I mean, how do they buy this stuff? I'm pretty sure it's all cash. It's all cash, folks. There is no other way of paying this stuff. They don't pay it with crypto. There has been huge reports actually done by the state that come out in the end. They say pretty much zero. Well, I think it's definitively zero has been used in a terrorist organization. This whole thing, maybe if there's one terrorist out there using the evil cryptocurrency, then we'll get headlines like this. There's most more. Yet all the others are using fiat currency issued by the state. Where's Biden on that one? I agree with Josh here. It's just as difficult for Bitcoiners and gun runners to take Bitcoin as it would be for overstock to take Bitcoin. It's the same chicken and the egg problem. Sure, overstock wants to take Bitcoin. Your average terrorist wants to use Bitcoin, right? But the problem is they go to their supplier who supplies the guns to them or overstock gets the widgets. And they say, Hey, supplier, will you take Bitcoin? And they say, no, we like cash. We like cold, hard cash. We like pallets of it. And I'm talking about American cash here, not other kinds of cash. No funny colored money here. Greenbacks, even if they're white, but yes, they only take cash. It would be amazing if they took Bitcoin. They would have developed a whole system, a whole ecosystem vertically integrated taking Bitcoin up and down the scale. It would be an economic miracle. We could study it in school, but it's pallets of cash, pallets of cash that were lost in Iraq, pallets of cash that handle most large arm sales, most large drug sales, except those on the Silk Road. Dan Eve, pallets of cash, pallets of cash. I, you know, I think that in all, you know, Bitcoin is going to be around for the foreseeable and there's going to be a bit of a roller coaster. You know, China is a good example of that, mainly because a lot of the mining used to be centered in China. Obviously, it's more decentralized now. But we're going to see this roller coaster. If we're banning, we're not banning and for whatever reason, it flips between, we're losing, well, it's mainly we're losing control all the time, but then it's poised as, you know, it's non-carbon, sorry, it's non-environment friendly or it's, it provides terrorism with or other illicit activities with, you know, the means to transact. But let's be honest, imagine if there was like just picture this, there's no Bitcoin, there's no fear, there's no gold or at least there's gold, but we don't even know what it does. We're like, oh, what does gold do? And we had goats, we transact in goats. We're going to do illegal stuff with goats and I'm not talking touching the goats, I'm talking trading them to do to like, we're going to trade goats. Okay, cool. You want this gun, you're going to have a hundred goats, fantastic. Like whatever you use, there's going to be a value proposition in the head that someone's going to use it, whether it's goats, whether it's Bitcoin, whether it's the US dollar, it does kind of seem that because the US dollar is such a global currency, I'm not kind of pointing fingers here, but it's probably, you'd say probably the most illicitly used currency in the world. If you were to say, what could be the most, like it would probably be the dollar, but they could, you know, for example, they could do some research out this and think of good things. They wanted to fund the American family's plan. Maybe they'll think to themselves, right, instead of, instead of auctioning the Bitcoin that we confiscate, like the Fed's confiscate, like the 40 million worth of the Tim Draper bought years ago, like which is worth billions now, they could just not, when they confiscate, they just not sell it and, and hoddle and then be owed a part of it. Maybe even Joe's just being, Joe's being, what's the word, he's been briefed on the fact that my little conspiracy theory that it was, it was the CIA that invented Bitcoin and that little one million Satoshi stash is the hedge against the dollar being decoupled and not used as the wild reserve currency. As we're seeing with Russia saying, 185 billion of their funds are now going to be taken out with dollar-related activities, maybe because they decided it was illicit. I don't know. No, really knows. But the fact is that Bitcoin is unsensorable and they'll try and censor it as much as possible. So, they'll try and hit the on-ramps and the off-ramps, but ultimately it's unstoppable. It's this multi-headed ninja snake that, you know, it's Wacomall. You try and hit one mole, but the mole's going to pop up somewhere else as long as this is our service going. So yeah. I think there's actually some positives that are going to come out of this because if logically you're to sit and do a proper analysis of Bitcoin and, you know, that you're going to find the pitfalls of Bitcoin, obviously, but also the benefits of it. And I think that anyone who's got a logical head on them will come around and actually think, OK, Bitcoin makes sense. So I actually see it as a positive. Will they investigate and will they delve into it? They look at all the detail. They may come up with an OBDC, you know, the CBDC, the Central Bank digital currency, but then they'll probably just think Bitcoin's better. Whoever designs the CBDC will be sat there going, yeah, we're designing the CBDC and they're like, going, we designed the shit coin, but Bitcoin's actually the real thing. So all of that information is going to prove it, prove it and disseminate the rest of the world and Bitcoin will become eventually the world currency. But only after it nukes everything, like the guy said. Well, it's a lot like Andreas used to say, if you can't buy drugs and hookers with goats, it's probably not a very good currency. You should probably use something else. And that's always been what's so great about Bitcoin as you can buy anything you want. Moving on to the exit question in the flood tournament of champions, Josh Shigala, what would you choose Bitcoin uses too much energy or Bitcoin funds terrorism? In the flood wars, if I was like elite scumble, I'd definitely use terrorism and all this illicit stuff because as soon as you say, you know, the illicit thing, then no one can go against it because then you might be a terribleist. Dan Eve, take the other side. Bitcoin uses too much energy and is destroying the world much worse than terrorism. Yeah, I think it's got to be the green issues is the major thing at the moment. I think it's the prominent kind of the prominent flood. It wouldn't surprise me if we see actually censorship being turned around and becoming a major, a fun thing. There's still murmurs every now and then you see an article pop up that says, did you know the back in like 2014 or something that someone has to pawn a child pawn site on there? And you know, that that shit may come back up and they say, well, it's permanently there and therefore it's permanently bad. And so if there could be something about the censorship and this is a good day to talk about because of the whole TNM in square thing and also more randomly, the armored tank thing I saw going around, someone was talking about that some sort of dude that was like the government like blocked off my thing and then find before it. So he went around with the tank. Anyway, yeah, the censorship is bad. Go ahead and good. A real freedom fighter there really fighting for the people moving on to issue five as Dan was saying Tiananmen Square anniversary. A student activist has been arrested after his group set up a street booth commemorating the victims of the Tiananmen Square massacre on the 32nd anniversary of the crackdown. As we're seeing this year, China is tightening its controls on Hong Kong. Hong Kong previously had a large memorial gathering to Tiananmen Square in a park. The park has now been surrounded by police. The organizers of the event have been arrested. China is seeming to expand the ability to forget the Tiananmen Square massacre to Hong Kong. Let's go to Josh Shigala, your thoughts on China's continued attempt at control over their people's minds. It was obviously relatively successful in China. Will they be able to spread this to Hong Kong? Yeah, it's it's a it's a typical murder sub-errande of of a tyrannical state. And that they will try to control thought and it's the same every time. I spent a lot of time in Berlin and and the East Berlin had the Stasi in the in the 70s, 80s and 90s. And the Stasi were a police that was also had a lot of civilians that would tell on each other. And you report on who and what sort of TV are they watching Western TV? What sort of the children when they went to school they would say that teachers would ask, Hey, when you're watching the news, was there a red logo or a blue logo? Yeah, the kids would go, yeah, there was a red logo or a blue logo. And the teachers would know, aha, the parents of watching the Western television. And then they'd go and have hard words with these people. And I was talking actually two days ago for someone that grew up in that in that. And he said, Josh, you didn't go you didn't live through that. Did you if only heard stories I said, yeah, I didn't live throughout my data scape. And he said, it's worse now. It's worse now. They there's so much control. And it's so it's it's such an undercurrent of control that you don't think it's control. And it'll go it'll gain more and more and more control. And this is exactly what you see with with Facebook, for instance, banning you when you talked for the last eight months about maybe the virus came out of a Wuhan lap. Maybe let's let's but not conspiracy theory ban three strikes throughout rule and your account is down. And now that actually it's gaining more and more traction, they've now lifted that ban and said, now you're allowed to talk about it. And this is the sort of thought control that is happening in the West as well to say, oh bad China China is controlling me controlling what people think wake up everyone. It's happening everywhere. It's happening everywhere. And you've got to stand up. And if something's a silly conspiracy theory, then it's a silly conspiracy theory. No matter what's petaled. You've got to we're in the information age and we're also in the disinformation age. And this takes time to filter that nonsense. But to have an algorithmic censorship that takes certain keywords and just destroys that as a concept is a is an extremely slippery slope to a very few powerful elite controlling exactly what you think feel here smell touch how healthy you are what you do with your health everything all in composite. So that's a word of warning from the lounge room. Well, I didn't think that they could be successful with this kind of event with a racing this event pulling it out of history, even with just editing the Google and changing the images and not bringing it up in searches and blocking Wikipedia, whatever they had to do, I thought, oh, they can't they can't possibly succeed, right. There's too many little threads. There's too many connected things. But if you look at it now according to documentaries according to people, Joshua spoken to other people we've talked to. The young people in China have no idea what happened in 1989 in Tiananmen Square. They have no idea that there was a democracy uprising. They have no idea that the government put down the uprising, including running people over with tanks. There was a great tweet today and they said everyone focuses on tank man and how you went out there and he stopped the tank. And then they ran him away and he lives right. There was a picture of that same square a few hours later and there's like 20 dead people on the street who had been crushed by tanks. So it didn't stop the massacre. It was more like a beautiful human moment before the massacre got underway. So similar things have happened here in the United States. The Tulsa race massacre, the destruction of black Wall Street was pretty much covered up until the last few years. A lot of the history books called it a race riot, which gives you the wrong impression. It makes you think that you know African people or Mexican people were riding in the street when actually it was white people purposely killing rich black people taking their property similar to the Salem witch trials, which in hindsight really seem to be about real estate that's near the water. If they're near the water and you don't like them, they're a witch. Let's take their property. It's always about money. It's always about property and it's about power and we can forget these things and we do. So I think it's important to remember Tiananmen Square. Do I think China can spread it to Hong Kong not with the older people like the cats out of bad, but with the young maybe maybe you can hide it from the young. Dan Eve can China cover up the Tiananmen Square massacre in Hong Kong? Yeah, you made a good point that the older generation, it kind of you know, they still there's still memories there, but they're being fizzled out and that picture actually I've got now. It was what I was going to discuss, which was just the it's the the aftermath of that single picture. You see you almost think that I kind of in a in a in a nice beautiful utopian world that tank guy stopped the tanks like that was it like that was almost in my head up until today the ignorance was that tank guy stopped the tanks, but then what happened was the tanks kept rolling. And the aftermath was was awful and you can't erase that from history you can you can try and hide it, but there's you know that there and there was obviously a choke hold on on on the media in and out of the country. But we're seeing more I don't know more openness today to information and although China the CCP can keep kind of strangling the information that goes the information flows in and out of the country, there's still ways to get around it there's still you know there's still VPNs where you can people with a first for information can obtain that information and spread it to people and let them know really what happened. I just think that yeah this is a it's a it's a it's a kind of sad memory of what of what happened and how censorship has prevailed really considering you know the health the net net network the 32 years from that up until today happened and there's still a lot of throttling of you know Google and Facebook and social media. But at the same time it only takes a few sparks you know in a decentralized way and those ideas to come together to overpower that that yet that strangling of information and let it spread and hopefully. Yeah we see edit you know we will we will see an uprising you know an information uprising and we're talking like crazy tank up rising or anything like that but an uprising information and knowledge and the sharing of spreading of knowledge and censorship resistant things like Bitcoin will help spread that so respect. Very much in our hearts go out to the Hong Kong activists and Chinese activists who are fighting to remember their past today and being met with incredible force think we're reaching towards the end of the show here moving on to predictions or story of the week Josh a goler are you ready with a prediction or a story of the week. Yeah this is it's i've been at Valtaro for and the CEO for six and a half years and it's been it's been absolutely wonderful and I'm staying around I'm just using this show this platform to announce that I am stepping down see I'm handing the reins over to my co founder and brother. Philip she got a and he will be CEO for now and we are super profitable and i've really taken it to a great spot it's it's just that I want to focus more on. A a defi infrastructure project that i'm working on and a Valtaro will be partnering with that will be be partnering quite tightly as the first partner in this. In this venture and it's super exciting so if anyone wants to know more about what i'm working on definitely join up to Valtaro and check out the. All the you know all the links just go to Valtaro and sign up to the newsletter and you'll get notified of this amazing stuff that i'm working on really really exciting i've never been enough being super excited about Bitcoin and this is just as exciting with Valtaro super excited about that. It's a it's a bit of a emotional day today but i'm still i'm still going to be working at at Valtaro that's for sure but i'm just really excited about about the future and and building some new stuff. That sounds great Josh congratulations and congratulations to your brother as well. Thanks thanks man. Very cool i'll have to check that out soon to see what you're working on next. Dan Eve prediction or a story of the week go ahead. i'm not a little prep for this but again okay so nothing interesting happens because i'm still i'm still i still want to lock down syndrome where i'm i'm not going out as much as i as i used to and all that so my prediction. Is is that is that let me think about this carefully my prediction is that. Okay i've got it i've got one that's another realistic one is definitely likely to happen far more than then greater going all it on Bitcoin. Well i think that's still likely to happen if it can be proven that it's green if it can be proven that it's a driver of green then she'll be like i'm all in. By British is the big one's going to go up by next week that's it easy up. Dan has chosen up so i hope he's right and that's of course not financial advice well go go go go go go everyone everyone thinks for themselves they don't just look at the triangles and trade. Or mosque or the news. Just like to ask everyone to give us a thumbs up and to share this episode subscribe down below be sure to check out the world crypto network we've got some new interviews this week i went out and interviewed some NFT artists. We talked about curio cards it's a secret NFT project from 2017 you're not allowed to know anything about so check that out here on the world crypto network. And you can be one of the few to know what curio cards is so. Pretty cool so check that out that's about it thanks for joining us thanks for giving us a thumbs up and subscribing and until next time. Bye.