The Bitcoin Group, the American original, for over the last 10 seconds, the sharpest Satoshi's, the best bitcoins, the hardest cryptocurrency talk. We'd like to welcome our panelists. Our team, Wishmare from General Bites, Bumdaya Bitcoin, Bacim Alcindy from 0X Salon. Hello, everybody. Joshua Shagalla from the standard.io. Bring it on. And I'm Thomas Hunt from the World Crypto Network, moving on to issue one, issue one Bitcoin price, snap slide, rises past $46,000. The price of Bitcoin was higher by nearly 2% Friday morning, recovering from a recent slide. The price was around $46,100 per coin, while so-called rivals, Ethereum and Dogecoin were trading around $3,200 and $0.27 per coin. Bitcoin's gains put it just shy of the three month high of nearly $46,800 reached earlier this week. Margin Wishmare, is the bear market over? Is it nothing but bullishness from here on out? Thomas, we've been in theirs for so long. We know Bitcoin is like number go up technology. It might slide down a bit, but eventually, especially on long term, it will always go up unlike many of the odds. Bitcoin will continue to go up for people at home. We don't give financial advice, but I do this time. This is the last time you can buy Bitcoin under 50k, so I'll definitely go and get some. Well, I see, Alcindy. You might actually have to hurry to get Bitcoin under 50k, because just as we went live, Thomas, I'm not saying it was you. Correlation causation may not be the same thing, but there's just been a big green candle which used to appear and we're now 47.6k. By walls getting eaten and supplies guest tea is here. I just noticed the other day when I was doing some research, we're now at 18.75 million coins mined by the way. The last figure in my mind, the last time I checked was 18 million. There's less and less of them left, and that is something. Historically, the price of Bitcoin has always risen when this show is on the air. Josh Shagala. Hey, what I would really like to see is these nonsense articles actually taught, when they mentioned Doge, I want them to also say, and Doge was inflated by X percent over the last three minutes, because Doge gone, guys, for the folks that don't know at home, there are five billion Doge minted every year, like forever. It's just a silly thing to compare with Bitcoin and Ethereum. Both serious projects, and you get Doge thrown in there like it's a serious project. It's a joke. It was amended as a joke. It's ludicrous. Stop it. Just stop bringing it up. It's funny. Yeah, but not in mainstream articles. I mean, I just lose all respect for these sort of people. If they make jokes about it, then I have all the respect and put memes out there, because that's what it's all about. But not to be mentioned as some serious financial sort of. And Doge went up by 27 set, whatever. It was an excellent mention to be dropped in there with Ethereum and Bitcoin. Good old Dogecoin, just another rival of Bitcoin. Exit question, I can't find the magical predictor ball. You guys are on your own. Will the price of Bitcoin be higher this time next week? Martin? It will definitely be higher. Next week, okay, there might be some dip, but this bear market, you mentioned, there is no bear market. We are still in the bull market that started like last year. We are in the largest bull market ever, I think, in Bitcoin. So definitely, price will be higher. Well, I seem higher or lower. I mean, normally I'd like to be a contrarian here and go against the grain, but I also have quite a high conviction that it's uptrend seems to be resuming. And so I would expect to see substantial leg up in the next few days. And it goes up, then it goes down, then it goes up, and then it goes down. But it seems like it's on an upward trajectory. And the contrarian says higher, Joshua Shagala. Well, after talking to serious financial advisors at JP Morgan, they said that Dogecoin will actually be a little bit lower and look, probably a little bit higher, probably a little bit higher. Although what usually happens after like a, you know, there was that sort of bearish who, you know, everyone's fearful moment for a while there. And what usually happens after that is kind of like you get this shock like it goes up and then a little crash and then just like any shock, you're like a heartbeat. And you get this little peter out because people get scared. Oh, shit. Now I'm going to take profits this time. I'm going to take profits and then I'll take profits and I'll go back up and then it'll go back there. And then eventually it'll platinum till it sort of and then it'll start rising here. But you know, the market is so wacky at the moment with all this money printing and the nonsense with all around the world with this hyper flu. So you know, we never know what they're going to do. And yeah, it's really, it's not acting rationally and what market does. So I would say going up long story short short story long. Like Dan always says, if you wouldn't ski down it, maybe it's time to take some profits. Like I always say, I'll take profits next time. I'll take profits next time. Just like to say shout out to everyone watching us live. It's a great time to push that thumbs up button. It's free. It's right there down below. It adds it to your likes videos. YouTube recommends videos to other people based upon how many thumbs up buttons they get. So I'll join the panel and say it's going higher. I always say it's going higher. I've never seen it go lower personally. Moving on to issue two issue to Holly network, whatever that is hackers potentially stole 610 million dollars is Bitcoin still safe? Well, we'd really have to connect the two, but apparently transfers on Binance, Ethereum and Polygon block change announced that it had been attacked and the assets transferred to hackers. They then wrote a nice letter to the hacker on really good stationery asking for the money back. I don't think the hackers have given a response yet, but the Poly network later broadcast and said that the amount of money you hacked is the biggest on in DeFi history. Was seen will the hackers give the money back? Will the polygon network, which I think has NFTs and help scale Ethereum have anything at all to do with Bitcoin? Right. So two questions. The first question is already pretty much answered. So the hackers set out a bunch of messages that they wrote messages into the Ethereum block chain. Basically explaining their rationale, what they did, why they did it and how they're returning some of the coins. I think they already cleaned some of them through one of these kind of obfuscation services on Ethereum. So not all of it is back. Some of it got blacklisted, stable coins got blacklisted, which tells you something about how stable coins work and how they're different to Bitcoin. And so like quite a lot of it got returned. And some people are saying that's a kind of a victory for good moral sense because it shows that the hackers can't spend the money. But I also think that a lot of it is signaling. And like the people that find these vulnerabilities very often on the inside of the project. I just thought it was quite interesting just to talk about like how you can connect it to Bitcoin because when it first happened, people were saying that it might have been cryptography related issue. That somebody might have reversed a private key. Like somebody broke some crypto hash function or something like that. But rather it seems like there was a, you could call a function to a contract that would change the list of public keys that had authorization to do whatever. And so that's that could just replace one of those with his key. And then like the door was just open sesame and then like you know just did what they did. And they cleaned some of the coins through some centralized exchanges, which people raised that eyebrows about saying you know well you know it's not centralized or whatever. But some of this stuff you can't actually do on Dex's. Like you can't do it on the Ethereum Dex stuff. So and the guy might have you know all the person, the attackers might have kind of been the anonymized themselves inadvertently or given away some some some bread crumbs. So yeah, but the thing is that it wasn't a crypto attack. And so if it had been, then you might be able to call into question the integrity of Bitcoin with connection to this. But as it is, I mean like you know we know the Bitcoin is very different to Ethereum. It has a much more restricted, you know, scripting language. So a lot of the stuff that gives rise to the kind of easy to use plugable, composable DeFi modules on Ethereum. It's not possible on Bitcoin and therefore or it's much more difficult or different to do. And therefore a lot of these vulnerabilities that come from this kind of spiraling complexity of the DeFi don't exist on Bitcoin. So I think that's a good thing. I like to see experiments. I don't like to see those experiments marked in his investments. So that's my general review of DeFi. I like the way they always seem like they've hacked Bitcoin or they've hacked PGP or public key cryptography and everyone's like, no, but if they hack that, it means all the banks are insecure. It means all the other things are insecure. It means our whole systems insecure. And then they're like, no way, we just made a mistake with our exchange. We had the same thing with Mt. Gox where Carpellus claimed the whole time it was transaction malleability when it looks like what seems said it was more likely an inside job or an inside job working with an outside hacker or will never know they found the keys under Carpellus's cat. But once again, it's never these large scale breakages because it's not just Bitcoin. It's all of public key encryption. It's all of Shaw 256 based encryption like they broke this. They'd break into your bank. They'd break into the government. They'd break into all these systems, which is the whole thing with quantum computing, wherever that comes back. They're always like, quantum computing breaks Bitcoin. What are you going to do then? It's like quantum computing also breaks every other encryption system. It would be a huge problem like the way that Y2K was a problem for everyone, not just people with media players that would break on the year 2000. Just very quickly. So to jump into on the quantum thing before I forget. So there are already post quantum signature schemes suggested proposed for Bitcoin by to run thinking and others. So like literally you would just fork it and like, you know, that's not going to be a controversial fork because the other chain is sitting down. It might be even easier to fix Bitcoin than to fix all of the bank infrastructure because you have so many different online banking systems as well as the systems that banks use themselves to send money around that would each have to be patched individually, whereas like what seems said Bitcoin, they're already working on it. Some hot shots already got the code out there. They'll probably just wait until we're there and then fork it right over. Martijn, your thoughts on the Pauli network hack and how it had to do with that kind of Pauli. I just read a bit about it and from what I understood today, they returned most if not all of the coins that were like in non stable coins because the tetra stable coins stay where blocked which tells you at least just just tell you something about the how decentralized they are. It's a dyno decentralized in name only. So what will happen is that the tetra will probably burn the tokens. They blocked from the hackers and then refund that to Pauli, Pauli, Pauli, something instead of trying to trust the hackers that they will give it back. So that's for the stable coin part. The most of the other coins were already traced by various entities. Coins got locked. The addresses were blocked on various larger exchanges. So they were pretty much useless. So they returned most if not all of the coins back. Pauli network has a $500,000 bounty for people that find books in the platform. They didn't use it. They don't want it. They just hacked it to make a case. But in my opinion, it shows you that these experimental platforms are great as an experiment. Don't trust your savings to it. Instead, buy some Bitcoin. Bitcoin will not be hacked. Not in the same way. The thing is, with Bitcoin, we don't see that many changes to the platform, like we do with other platforms, which sometimes from a developer perspective makes it a bit boring because you can't do all the fancy bells and whistles, but also gives it stability. And that I think is important for something that pretends to be or is a store of value. I think Josh is more like the DeFi, what's the DeFi DGN here among us. But like his car with a DeFi project. So I think Josh will not agree with me, but I think most of the viewers of this show will are better off staying away from all these DeFi platforms for now and just just Bitcoin if they want to have their savings and they want to go up in a number of years. Josh, Shagala, you heard him. Pauli got hacked. Do you have to give back your Tesla now? No. But the funny thing is about all these hacks. The headlines are always hackers, like it's a group. Like it's some ominous big group of probably Russians or Chinese. It's always the case. Never Americans. And then it's just some dude in his grandma's apartment, like one person always says, I read the contract properly. And this is the ethos thing of this smart contract, right? It was always, you know, code is law. And well, basically I found the loophole in the law. And so obviously it is a hack. The guy did return after trying to law under some through something. Even though I think it was just like six million or something and then he couldn't get it through. There is a really important distinction here between stablecoins. Like you can't just say stablecoins because there's a difference between Tether and these centralized stablecoins because and algorithmic stablecoins. So Tether absolutely can just shut things off. And the problem is that after a while, especially USDC or anything, they'll run into the same problem that PayPal ran into. And this is regulatory overhead where they need to start becoming police. They need to start becoming judge and executioner. And where do they start? Do they start at the 600 million? Do they start at 5 million? Do they start at 1 million? Do they start at 10 bucks? Where do you draw the line of when you're going to freeze coins? And now what sort of police work are you going to do to require that to happen? Obviously it's a no-brainer with a 600 million dollar hack. But it starts becoming very iffy at the smaller amounts. And then hey, I bought a bike on eBay and the guy didn't deliver the bike and I sent in the Tether, oh, OK, what are you going to do? Or even weirder, hey, I sent someone some Tether on the black market for some weed. And you know what? So this is the problem with all of these centralized stablecoins. And this is why I absolutely believe that algorithmic stablecoins are the future. It's very, very useful for accounting purposes to have a stablecoin because it's got all the wonderful stuff. But just like Martin said, rightly so, the attack vectors in DeFi are massive. Are absolutely massive. And it's only going to get worse as they get trickier and trickier and crazier and crazier. But humans, we coming from the gold industry with the crypto mix, we've had 5,000, 3,000 somewhere in there years of understanding physical security as human beings. And really we've had like 40 years of digital security in 12 years in crypto security. Like, it's really nothing. So where are there are going to be some rockets that explode on the way to the moon. We are going to lose some astronauts as we build stuff. You know, it is a tragedy when it happens. Mark Cox was the centralized exchange and everyone went, oh, let's build decentralized exchanges. And now we've also seen decentralized exchanges being hacked or like bridges. And in this case, the second layer solution. So it is a really big experiment. The reason why there are such massive moonshots in this space is because it is a massive experiment. We are trying to find a fair price in some of these projects. What are they worth? Are they worth anything? If they're hackable, obviously, they're not worth much. So as people become and humans become better at securing the code and building better smart contracts or less, you know, with a less attack vectors, maybe the price will find its value by that stage. But yeah, highly, highly speculative space. If you haven't got the goals to, you know, don't invest the farm. Don't invest the farm in this stuff. If you are going to invest the farm, maybe stick to Bitcoin. Because that's a sure event. Then I'm not financial advice by the way. Exit question. The price of polygon actually went up after the hack proposed for altcoins. It's actually better to be hacked and get the PR. But for Bitcoin, being hacked would be disastrous. Martin, do you agree with this statement? Oh yes, well, you know, it's this whole price bingo with all these altcoins. I don't follow them. It was a just, you're said earlier, like, doge. They mentioned doge in the article next to ether, Ethereum, and Bitcoin price. And then, you know, sign off, not really reading the next paragraph. Like, so yeah, price up, price down. Yeah, maybe the attention is good and the fact that they fixed it. Well, the anchor was so nice to send it back. But, uh, no, I wouldn't pocket with a stick. Sorry. Well, I see him. You think they hacked themselves, got free PR. And then the price went up the best of all worlds for poly. Obviously, I can't comment on your scorer as accusations and allegations. Thomas, they sound very controversial. But what I can give you is like, some like, you know, mild mannered opinions that I've got having not consulted any legal representatives. So I would say that like, one of the big differences in like the kind of characterisation of properties of Bitcoin versus a lot of other stuff is that and Bitcoin seems to be treated by the market and by, you know, why does stakeholders as some kind of like relatively resilient commodity doesn't seem to be changing that much. Everything else seems to be like very fast changing, kind of more like tech companies, experiments, speculative experiments. And so I don't, I just, you know, it's so hard to understand the market, sort of the sentiments of the market, giving those two different lenses. So yeah, I think any news is good news for any kind of non Bitcoin project, brings attention to this thing. I think just speaking very quickly to those because it doesn't deserve that much attention. And we got to remember that all of the like the web runs on advertising. And advertising is driven by clicks, which is like, you know, an intention economy. So like, those is clickability. Those is Elon Musk. It's memes. It's, you know, it's, it brings eyeballs. And so but maybe those is also a funnel. Right? So people will hear about those from like, you know, some boring billionaire tech, bro. And then they might find something more more interesting that's got some longer staying power. We'll also just say about those. It hasn't been updated very much recently. And so like, that is, you know, we talk about Bitcoin not changing much. Well, the dose coin is taking that to the next level. They haven't patched loads of stuff that is like just very bad. And so if the price of those keeps going up, then like the attack vectors will start to get picked at. One very interesting thing that I guess it's been so long ago that everyone's forgotten is that those coins merge mine. It's not even its own hashing function anymore because it kind of got and smashed by Litecoin. And so basically one CPU cycle, one hash on Litecoin counts for a cycle on those coins. And that merge mining economic security model relies on the price of Litecoin's network being more valuable than the price of Dogecoin's network. Well, that hasn't really been the case for the last few months. So at some point, somebody smart or a bunch of smart people are going to figure out how to kind of pull the fourth leg from under the stool of the Dogecoin meme House of Cards. And so just very quickly on the code's law point that Josh brought up earlier. I think code of law kind of ended in 2015 with Ethereum. Code of law continued on Ethereum Classic. So you still see that kind of a little bit of that ethos in Ethereum. But I think now everything is much more, let's move fast and break things. Let's try to accelerate away from our problems. And that's kind of what you see with Ethereum 2.0 and have faster everything's kind of moving towards that despite nothing really seeming to be ready technologically. Of course, the Dogecoin developers know the truth that if you don't edit your code, it becomes a collectible. The longer they feel to edit, the more collectible the code for Doge becomes. And of course, for Polygon, there's nothing wrong with being in a headline where it says, Polygon hacked for $610 million. Because the first question everyone has is, what is Polygon Network and how do they have $610 million? Josh Shagalla, the world crypto network was hacked for $610 million. Same question. Go ahead. Yeah, absolutely. It's the Trumpian way of news, right? Doesn't matter, good news, bad news, it's all branding. And yeah, it's amazing. It's absolutely amazing that that doesn't matter what happens. I mean, a half a billion, more than half a billion dollars, a hack. That's phenomenal. It's just like Johnny Carson, we could have put it down in an on-flopened mail that to ourselves. Altcoin will be hacked for $500 million. And we just pull it out and we'll be like, there it is, it's amazing. Actually, I think you just very quickly. Nick Carter did something like that. It was kind of like a bit of a Twitter stunt. But he did a bunch of predictions at the start of a year, and then he hashed it and he tweeted it, and then he went back to the end of the year. And he got actually the majority of them right, so fairly. Nice, nice. Yeah, I mean, it's amazing, though. Some of the markets are amazing. This really is sort of some of these blockchain tech things. You can look at it like perpetual, perpetual, perpetual motion machines because they just keep on going. Even stuff that isn't a blockchain, like one coin, for instance, total scam. The total, the biggest scam, obvious, totally obvious. Yet it's still, sometimes you, I think it's still trading, even. I think people are still trading that nonsense. What's a big connect? I think that's even still trading. A big connect? Yeah, yeah. Some suckers are like, no, it'll eventually, a moon, like, yeah, so yeah, it's a weird, weird space. We've just got to find that floor. We just got to find the floor. Moving on, have you seen shop.worldcryptoNetwork.com? We've got less items than before and they're all on sale. I'm not sure what happened. Maybe treasured DMC AIDA, so maybe those items expired. But right now we've only got the Howe Fenty T-shirt. WorldcryptoNetwork, the T-shirt, Bitcoin. Not bombs. The Bitcoin, Havning Edition. And they're all on sale. That's right. No profit at shop.worldcryptoNetwork. Right now it's a profit free store. Find out. Issue 3. AMC theaters will start accepting Bitcoin this year. The chain hopes that meme stock buyers will turn into loyal customers. I'll see that happening. Still, GameStop has the better possibility with putting ATMs in their store and becoming a Bitcoin shop. But they haven't done that either. AMC is giving lip service to Bitcoin saying they'll accept it. An Apple Pay and Google Pay and how about Samsung Pay? Wasseem will AMC be successful with their pandering to Bitcoin users? I suppose it depends how we define success. For a company like AMC, which I think maybe a bit like GameStop, they might have gotten new CEO since the Wall Street bets crazy stuff happened. And so that person will be the days of focus on keeping the stock price chart looking nice so that they can raise money or do whatever, do whatever company corporations do. And so I see a lot of signaling here. As we all very often said, I mean, we've been talking about these stories for years, Thomas, on this show. It's always been like blah, blah, blah, retailer, accept Bitcoin. Now it's blah, blah, blah, government, accept Bitcoin, which is obviously that's a progression. So for me, this is not going to move the dial for anybody. I mean, I suppose it's a novelty. Somebody might want to pay with Bitcoin. Don't think this article says the exception Bitcoin directly. Are they using an intermediary? Would they accept lightning? So I imagine this might be like, you can pay with Bitcoin, but it's going to be like a bit pay or something like that, something that nobody must use. And it's always the thing where the user, the server at the place, they have to get out the old tablet and nobody pays in Bitcoin. And you're the only one and you're holding up the whole line. And why do you have to do this? I think sadly, I think a lot more people are going to buy their home theaters with Bitcoin. And they're going to watch their movies at home like everyone else does. It's a nice try to try and take Bitcoin. But it just, it seems far too late. Joshua Shagalla is AMC going to save the day by taking Bitcoin. No, DJ. I actually really love that this is still news. Because we've all been running long enough that any new retailer accepting Bitcoin was like a big win. And like, yeah. It's kind of like when the Americans still manage to get people to trade oil in their dollar, they're like, yeah. But I like it. I like it. More news of retailers accepting Bitcoin. What I'd really love though, what I'd really, really, I would be beautiful if they said AMC accepts Lightning Network Bitcoin. That would be sensational. Then I'd be stoked. Because for some reason this, this so and so accepting Bitcoin is still getting into the news is amazing to me that I don't know. Like, as the as the writer, as the journalist, been living under a rock or something, I don't know. But, yeah, Lightning Network, I would love if shops started accepting that. And I would definitely use it. I would go and pay for it. But if they're just going to accept, accept on-chain transactions, I'm like, yeah, why? I do my on-chain to the Lightning Network. And then from there, I'll pay you. But doing single payments to a single thing once off for a movie ticket, not going to happen anymore. It's six confirmations most of the movie anyway. Yeah. No, probably make it. You have to buy a movie pass or a season pass, something like that. But Josh is absolutely right. The kind of signaling that we need is for people to take Lightning Network. And for the to say, yes, we know what it is. We know what the difference is. In the article for the article to say, there is Bitcoin. There is also the Lightning Network. And instead, what we have is Mark Cuban bragging on Twitter that the Dallas Mavericks are going to accept Dogecoin. Yeah. But you see, this is kind of a good thing with like polygon and stuff. Because for some reason, and I think it's a political thing, it's sort of in the wake of the entire scaling debate. Sorry about the dog's barking in the background. It's kind of in the wake of the scaling debate. It's politics play that people are like, Ooh, the Lightning Network, no, no, no, no, no. Layer two, but it's got to be on-chain. Where in Ethereum, they're like, oh yeah, layer two, that's normal. That's the way to go forward. And there's like multiple layer twos. There's different things happening. So I think with this hack of polygon, it might also hopefully, open people's minds to say, okay, layer two is the way to go. And it's called Lightning on over a Bitcoin. Thomas, I don't know about you, but on this side of the pond, people use Netflix. And I think on your side of the pond, people use Netflix too, right? So people actually still go to theaters and buy popcorn and get annoyed by the people behind them. So it's just a desperate cry for attention from AMC then. I had to look them up. I didn't even know that it was a chain of theaters. And I just like, oh, theater. Oh, like a cinema. Yeah, no, no, no. You know, in Amsterdam at our Bitcoin meetup, we have a Bitcoin meetup every six weeks or so. Whenever I'm in Amsterdam, I try to go there. It's good fun. And you can only pay with Bitcoin. Yes, you can make an on-chain payment for access, but they prefer Lightning. And all the drinks everybody uses Lightning Network. You can still use your ATM or your debit card. But most of us use Lightning to pay for it. It's just nothing really special or new with worthy, I think. It's just business as usual. So, yeah, Lightning would be, as Joe said, would be a good, good, good, good thing for a news article. But just accepting Bitcoin and then a whole bunch of other shit coins just, you know, doesn't cut it anymore. We shouldn't get past the editors, I think. Martin, it's right. It's almost like Blockbuster video accepting Bitcoin. Yeah, I remember. Oh, I'm going to go. But uh, and everyone knows that Bitcoin has its own dog, mascot, a husky dog named stats, and he's far cuter than any does. Far cuter and far more valuable. Moving on to the exit question, which company or industry that we don't care about will take Bitcoin next. We've already had movies. What's next? Josh Shagalla. Oh, gosh. Maybe like, uh, uh, yeah, I don't know. So you'll have to come back to me on this one. Well, I see him, Al Cindy, what industry or business will take Bitcoin next? Yeah, because we're talking about the ad tech industrial complex and it's all about clicks. It's going to be the most stupid dumb thing you can possibly imagine. So I think it's going to be the dinosaurs in Jurassic Park. They are going to start only on chain and they're going to accept Bitcoin, on chain Bitcoin, and they also accept Bitcoin cash and BSV because they're dinosaurs. You said the most stupid dumb thing you can imagine. I thought you'd heard that Logan Paul has bought Curio cards, because that's also true. Martin Wismer. It will be important. It will take Bitcoin next. Oh, it's important side for an herb. What does it camp for? They'll just decide that they will get rid of their own tokens and will start implementing Bitcoin and Doge. Something like that. Would be a major move if they got rid of credit cards entirely. If they were like, we're going to do crypto. We're going to do, I don't know, Monero, Doge, Bitcoin, all the usual suspects, but no cash money. Well, the thing with those porn sites, they sell tokens to the viewers and then the viewers can send them to the performers like Camp Fordoz. But they forget to mention that they take like 78% cut. So they're like the world's most expensive PIMP on the internet. So they'll never want you to directly pay the performer in lightning or Sats via own chain or whatever. They will want to get their fingers there and just make sure that revenue keeps coming in. So that's why I don't think they might jump on the bandwagon, knowing that they're desperate for attention and many of the performers performing artists. I don't know what you call them. They're in countries where it's hard to get a bank account. It does make sense. So yeah, I'm placing my bet on the adult in entertainment industry. So to speak. It might not even be one of the current players. It could be a new newcomer to the industry, upsetting everyone, taking this crypto. Josh, have you got an answer for us? Oh yeah. Yeah, not Amazon.com. Like everybody else. Go ahead. No, no, no, no, no. No, no, no, no. I'm saying, come chain. I've got a comeback. I'm coming. There's a Nokia. I'm sure coming around in another Motorola flip one. They're doing all this things. Flip phones are coming back. All right, let's move on to issue four. Issue four. The family that bet everything on Bitcoin when it was $900 is now storing it in secret vaults on four different continents. Yes, the Dutch family that sold their house and went to live in a campground when the price of Bitcoin was $900. Still doesn't seem to have a house and still seems to be holding their Bitcoin. The entire article is focused not on the amount of wealth or value that they have generated but on how they're choosing to hold their funds, continuing to hold it in crypto in a complicated situation that doesn't involve banks because he doesn't trust them and have now alerted the world to the fact that they have hidden their hardware wallets, quote unquote, a cost several countries so that I never have to fly very far if I need access to my cold wallets almost as if he was advertising to everyone the locations and necessary tools. One would need to steal this from the family. Josh Wishley-Colette, are you surprised by the media's interest in this story and the direction that they're taking focusing on these cold storage wallets instead of on the incredible risk taken on the family, the incredible success and more like, why aren't they spending it? Why aren't we hearing about them spending it? At least maybe just a little, right? It's probably tax liability that they don't want to say anything and the wrench attack is also very scary. It's a family, they don't want to... Maybe they're just sort of putting it out there to any attacker like, no, we don't even have access to it so there's no point wrenching us. Martin Wismair, they've separated the keys around the world like Indiana Jones. There's different fragments of the horror crux that you have to put together, but then in the end, you get to have their cold wallets so win-win, right? Actually, I know Didi and his family they're living in Portugal, they're not far away from me and met there for Christmas and we were talking about this subject and said, well, you have to defy it. So I don't know how he did it or I think it's more virtual signaling than anything else, but it's relatively easy nowadays to make a proper digital will, so to speak. With the modern treasure, not the treasure one, but the Model T, you know, the one with the touchscreen, you can, when you initially create a new wallet, you can say, make it a Shamir shared seat wallet, SS wallet. So this way, like we're with the four of us in this group now, we can say, well, if there are three of us come together or four of us come together and we make sure that one key is at the notary and then the four of us come together, then we can spend it. So we can spend, we can recreate the wallets with the four of us being here. If one of us would die in a tragic plane crash or a boating accident, then using the key at the notary, we can recreate the crypto and not just Bitcoin, but all the crypto in the wallet. So you know, like, you know, even if you have shithead coins, it would be automatically included, even though the altcoin in question might not have any professions or a way to properly do that. So I think you just spoke to Casar and somebody at Casar thought that's a good idea. I find it amazing how he manages to get like coverage at CNBC, but apparently, he knows reporters so they're always willing to put the piece out. And then I see it co-oply pasted all over the internet. So, you know, okay, there might be a bit alt as the Bitcoin family, but they're definitely good attention hoars. You know, they always get the attention everywhere. So yeah, good on DD. I know they do spend their bitcoins. Actually, they don't have any bank accounts. They've been literally living off Bitcoin for the past years. And the way they do it, they use all these different debit cards where you can set, put some crypto on. And then, you know, whenever you go to, you know, your favorite supermarket over here, it's Pingo, which is the local Portuguese supermarket. You can just just spend whatever you want in euros. And it will be deducted from your Bitcoin balance. Basically, they do an exchange at point of sale. So you might have to wait like five minutes, like, oh, red candle, wait, wait, wait, just let the other people go first in line. And they say, ah, green candle. Now, let's pay. And then, yeah, I wouldn't want to live like that. Because I just prefer to live from halfing to halfing, you know, that way I can calculate a little bit of my finances. I know, you know, but I can afford the like new gadgets or not. If I have to like exchange every day for every purchase, I wouldn't really like it. But, you know, they've been traveling like all over the world over the past years. And since last year, they've primarily been living in Portugal, a holiday to Mexico. And it's, yeah, it's a small world. I think we'll eventually all end up in Portugal. So, yeah, come to Portugal. That's where we all are. I just like to hear more stories about how he's sending his kids to a fine college and the families enjoying going to castles and tours. And just more of that, like the positive stories, they took a major risk on Bitcoin. They bet a lot when it was low. They've held it for a long time. And I guess they're very much against bank accounts, which is one way to go. But if you have a certain amount of wealth, you could start to buy real estate. You kind of need a bank account, then that kind of thing. And I don't think it would be bad if they wanted to own something somewhere. But maybe it's a tax issue. Maybe they're in the residence of some country or some other country or some reason. But if I was the article that's what I'd focus on is the incredible risk and the incredible success of this family, I wouldn't be focused on where they're saving their wealth. Nobody's like, hey, Bill Gates, do you keep your money in the closet? Like Bill Gates keeps his money in 15 different bank accounts in five countries. There's never been an article like this before. No one tells me where Bill Gates keeps his money. And when in the Gates, do it all. And you know, I don't hear about her accounts and how they're in 12 countries. I'll tell you why he keeps his money. He's the most, he's the most largest private landowner now. So like he's keeping his money in your down territory. And I can deforest and stuff. I heard he bought the farms because he was all worried about the farms. So he's like, well, I'll buy them. And then everyone got really worried. So that's funny. Out of the things we worry about. Well, I see him. What do you think about the Bitcoin family and their unique horror crux type Bitcoin storage system all over the world? I mean, it's fine. Like as Martin said, like it could be like a dual thing that's like a little bit of signaling going on because like this person is obviously very public now. Like so he's like the stir Bitcoin family. Everyone has heard of that now. This article's in CNBC, like, you know, normal people read this stuff now. So everyone knows his name, everyone knows his Dutch, everyone knows his Dutch, blah, blah, blah. What was Bitcoin then? And now he's got it now. And so like I would also be signaling that like, you know, I've got a really big dog and I work out with the gym and I've got massive gun and like, or it's really hard to blah, blah, blah. Me like I get that. You know, because one of the things that a lot of Bitcoiners like to do is kind of be quite discrete about, you know, their involvement in Bitcoin. And these publicly, it's a bit more difficult if you become a public figure, right? So you have to take some some mitigations. And so I understand that. But one thing I would say about this very complicated system is that, and maybe Martijn and Joshua can speak more to this than I can in terms of like the reality of Bitcoiners and other users of these things. It seems to me that like these things are still quite hard to use. So you can actually like find that probably more often people lose access to their keys than actually get robbed. So if you have a very complicated system, then that's the where you have to have. And so it's kind of like also not going to put in the cart before the horse. So things like SS that Martijn was talking about, it's a Shrimiya secret sharing and keys built based on threshold crypto. You have to be careful that those things are like well engineered. And there are well engineered solutions out there. But if you try to roll your own thing and you kind of get a script, a sculpture transactions wrong, you can also like send your money to the trash heap as well. So be careful out there. Yeah, it's this fine line between words that sort of safety, the ease of use and the complexity of it. And it's this trilemma. It's a really tricky one. It's a really tricky one. And you spot on. Most people lose their keys. Actually, most people lose their keys if they're given the Bitcoin as a gift. Because they don't really care about it. They don't really understand. They're not like they haven't put their own skin in the game. There's just sort of been given this wacky thing that their friends really passionate about. And then they lose it. Like so many people have given Bitcoin to lots of keys. They're like, George, when it hits all time, I love George. That thing, you know, I love it. And it's like, sorry. The help desk doesn't work. Unfortunately. But yeah, tricky, tricky. Well, I had the Elon Musk as the CEO of Bitcoin now. So we could just direct your technical support queries to him. Well, yeah, absolutely no. The CEO of Doge, right? The most, he might as well be also the CEO of like a swaler or something. Because they've got similar sort of inflation rate. Exit question, if you were the Bitcoin family and you had endless amounts of money, what would you buy? Martine, Wishmare, what's the thing you would buy? I'd buy a house and a large garden. Lots of guns, lots of fancy cars. I don't know, a game room with blackjack and hookers and blow. I'd probably live the life, man. I would only fly private jets because COVID, I know other people. Unfortunately, it's not like that. So, you know, I'm just like hearing my little podcasting studio. I was worried you wouldn't have enough to say. I sprung the question on you right there, but no, no. Martine was ready. Well, I see him. If you had the money, what would you buy? I mean, if it was really endless, if it was really like, you know, take the price of Bitcoin went to infinity because the dollar collapsed. Okay, I'm going to be the socialist here. I'm going to end world poverty and homelessness because we have the resources, right? We're going to post-custody economy if Bitcoin goes to infinity in effect. So, let's use that Bitcoin. It's kind of collateralized that and used that to fix all the social problems. And then we'll all have nice lives. We might not need so many guns if everyone is kind of taking care of. Well, Martine is flying on his private jets. Well, I see him will be fixing all of poverty. Oh, and Martine, you even got the chance to go first. He went second and he nailed you, gone second. Josh, can you do anything else besides fix poverty for us? Wow, this is like going on. This is like Chuck Berry going on after Jolie Lewis. This is hard to follow that, but burning the entire piano. Yes, but unlike we're building schools, you would build Smithsonian's. I'm sure. But yeah, if you do want to feather your own nest, it's well worth buying some turrets so that you know, keep it around a bay. That's the thing when you get too wealthy, you become very lonely in paranoid of people wanting, wanting what you have. Castles, castles. And maybe it's like a really nice car, you know, something like that. The fleet of cars, you can't have one car, you need the fleet of cars. You need a fleet, yeah. But everyone has problems. You know, money isn't going to make your problems go away. Everyone has problems. Rich people have rich people problems. Poor people have no problems. Look at Martin with that fleet of cars. You're going to need a huge garage. That's quite a big house. I'll say it with a gold. He's like gold is really great, but it's heavy and you need to carry it around. And it takes up space. And I was like, what a nightmare to have all this gold. But it would be nice to have a fleet of cars. You know, we can solve world problems later, but first cars in the house. And you know, the guns, well, you know, that's just for fun, you know what I mean. And hookers and blow, nobody mentions hookers and blow. I mean, that's like what something, you know, it's very important thing. You know, you say you might be very lonely if you're rich, not with hookers and blow and screaming poor parties and everything. No. But after we saw World Hunger, we're going to go to Martin's house for the after party. Yeah, yeah, you know, this like a world hunger, a world peace definitely that would be on the agenda. But first party and a fleet of cars cars. Yeah, drain the swamp as well. Seems like a very huge half-nare type lifestyle being built here. But we're running out of time. It's time for predictions or a story of the week. Martin, are you ready with a prediction or a story of the week? Go ahead. It's a bit early to tell, but we are finalizing upgrades to our most popular ATM model, which is like not the one in the back. That's the new model, but the yellow one and the BATM2. We're giving it a facelift. It's been our most successful model since 2013. So it's time for an upgrade. We already upgraded it like over the years, like fast computer and everything. But we're giving it a real upgrade. I think the market will really like it. I could like spail some of the beans, but I'm not just signed up at GeneralBytes.com and we'll keep you posted. My shameless imp today, Thomas, story about that. Well, it sounds like a great upgrade. A lot of people have those machines, so they'll love to see some new software and stuff on there. Well, see you, Mel Cindy. What's going on? Prediction or a story of the week? Go ahead. A story and a story is mining. So obviously proof of work is the engine that keeps that becoming going and it's the core of the proposition of this thing in the present and the future. So it's very important to keep an eye on that. I'm noticing now that even mainstream outlets like CNBC are reporting when there's a difficulty adjustment. So it's an article in CNBC that says, it just got harder and less profitable to mine Bitcoin, Bitcoin adjustment, difficulty thing, whatever we don't know what it's called. It just kind of out of today. It's up 7.6%. So that is the correction has started. And the follow-up story to that is in Bitcoin magazine, where more than infrastructure group buys 17,352 very precise number, Bitcoin mining rigs from Kahnan. So like the people are buying these machines and they're still getting made. So even if the mining is kind of restricted in parts of China, it's not totally banned, but if it's restricted, they're still pumping out the machines and people are still buying them. So like the hash rate number is my prediction that is going up. I think the price is probably going up, but the hash rate is definitely going up. They should get a machine to write those articles like the baseball articles. The price of Bitcoin is up, this percentage. The mining percentage has also gone up, this percentage. In other news, John Swachigala prediction or story of the week, go ahead. Yes, so in good, we've been running Vultaurus since 2015 as the most transparent exchange in the world. We just released the newest audit, certificates from the vaulting facility. So everyone can check the gold holding there and also check out the glass books protocols to make sure the Bitcoin's there. And yeah, we're working hard with the standard to program that, all that stuff. We've just brought on some great advisors, which I guess I'll talk about next week. But yeah, we're bringing on some really, really top people in the security space, obviously after the massive hack security. We've been around, we launched early 2015 with Vultaurus, never been hacked, constantly attacked, where security obsessed. And this is also the case with what we're building with the standard. So it's all about security and trying to do complex smart. Contracts or immutable contracts is really, really, really difficult. And we don't just want to move fast and break things because if you break this, it's really not on. But just like in exchange, it's got to be secure. And so yeah, I think people will be happy with the advisory board that we're building out there in terms of security. So yeah, if you want to stay in touch with that, check out the standard.io and show them waiting. You guys have been watching too many TV shows, you wait till the end of the show, and then you say, find out next week what we're really going to do. So everyone, make sure you check out WCN Clips, you can just google WCN Clips, we've got all kinds of great clips from these shows, you can send them to your friends. Be sure to subscribe to WCN Clips and give all of those a thumbs up to it, really helps out YouTube. Thank you so much to everybody for joining us. We're running out of time, but we'll be back next week. Until next week. Bye bye.