#280 โ€” The Bitcoin Group #280 - Better ETF than Gold - Walmart - Peter Thiel & Satoshi - Maximalism

๐Ÿ“… 2021-10-22๐Ÿ“ 13,638 words

The Bitcoin Group, the American Original. For over the last ten seconds, the sharpest Satoshi's, the best Bitcoin's, the hardest cryptocurrency talk. We'd like to welcome our panelists, Dan Eave, the crypto raptor. Old time high, yeah! Martine Wismer from General Bites. Happy old time high, everyone. Josh Shigalla from thestandard.io. I'm muted. It's nearly over guys. It's a old time high. It's going to die. And Peter Todd was scheduled, but did not show this week. Moving on to issue one. Issue one. Pro shares Bitcoin futures fund becomes the fastest ETF to top $1 billion in asset. It's under management. The pro shares Bitcoin's strategy fund has eclipsed gold. Gold took two days to raise $1 billion and Bitcoin only two. The appetite for the Bitcoin ETF is huge. Dan Eave, we've finally done it. A Bitcoin ETF in the United States and a new all time high. What do you think about Bitcoin ETFs? Well, it definitely says something that an ETF that seems like it was one of the hardest to get so many companies tried and failed to get an ETF out and were rejected. And now it's become the fastest growing ETF in history to reach over a billion. So that's got to be absolutely incredible news. It makes you wonder, was there really a lot of actual logical thought that went into rejecting the ETF way back when? Although I suppose it may not have had such a huge uptake now that it's been embedded for like 12 nearly 13 years. So that plays into it a bit. It needed to take a long time boiling under with people not really paying attention. It needed to wait until all the Bitcoin obitories and the Bitcoin's going to die. Talk just kind of patted out and they're left with only a bit of an environmental fund and even the China fund doesn't really work. You think about how long ago the China fund happened and China banned Bitcoin. And a few years ago that would ripple back for months and months on end. And now it's just, you know, it was a let what, a month maybe two months, absolutely most. And we've reached another all-time high instead of going the other way. So I think it's an incredible achievement. And obviously the, you know, the best thing is that it just crapped on the gold. The previous record was set by gold. So absolutely lovely. Not only thinking again gold, but Bitcoin is better. And yeah, so I think it's just awesome that Bitcoin broke a record and the ETF went live. And also, isn't there was, I was reading earlier that there was an like 830 million of the options expiring that that, you know, all the hodlers are going to be in profit in Hong Kong, where it was now. But anyway, yeah, I think absolutely incredible that it's gone live. And it gives that nod to people that were scared about Bitcoin that they now, although they're not going to have their own private keys, they're going to be investing in Bitcoin in some way. And it opens up a lot of avenues. And then, you know, it's only just a quick fall down the rabbit hole hole before you can't stop and you can't your own private keys and you have your hardware wallet and you are not having, you know, to use an ETF, you're owning and holding the Bitcoin directly. So thumbs up on the ETF, I think. I agree, Dan China banning Bitcoin meant nothing. It broke right on through. And the ETF being better than gold, Bitcoiners love to crap on gold. So that's been a lot of fun to. Josh, Shagala, your thoughts on the success of the Bitcoin ETF? Yeah, I mean, these sort of futures ETFs start off with a bang and they'll grow fairly fast, but they slowly eat away because these contracts close. So I'll be interested to see where they are in in a year or two. Of course, I don't know the in the full ins and outs, but I think it's just a bet on the price, I'm not sure, but I have to have to recheck that. I don't want to say something that's not true. But yeah, definitely it's a good first start. I think these regulators should be should be ashamed of themselves for not allowing the Americans to actually invest in the the strongest investment opportunity of multiple lifetimes. Maybe the internet would have been another one, but really it's such a shame that they've they've under an art and all in the protection of people, you know, maybe they want to do it right, but I think there's stuff hidden in the background of why they didn't release one sooner. Nevertheless, if someone was really into it, they would have opened up a Coinbase account or they would have gone on local Bitcoins and bought themself some. So, you know, yeah, I think it's just part of the cycle, right? It's just part of the part of the momentum of this thing as it becomes more and more legitimized, whatever that means, in the in the eyes of the establishment. But really, Bitcoin was born out of the ethos of fuck the establishment. So, it's really it's really a kind of interesting seeing these sort of, you know, radicals going yeah, you know, to the establishment getting in on it because the price may go up, which is all right, because it also funds people's people's ideas to change the system. And at the end of the day, Bitcoin and and DeFi in general, I really see DeFi changing Wall Street a lot and Bitcoin of course was the original DeFi, but I think, you know, some of this technology that's coming out is just sucking, sucking Wall Street dry because there's just a whole bunch of paper pushes in the middle getting paid to push paper around while you that the person that has funds in the bank gets like 0.001, 1, nothing of a percentage when really in in something like decentralized finance, you can actually fund a market maker directly as a robot and you know, if you don't need that many brands and you can actually earn a return for something that basically Wall Street was doing for you plus about a million middlemen were pushing paper and taking taking a cut. So, yeah, I think this is this ETF is the first step, but to me it's the legacy system. No one really cares about it. I mean, in once you get into this system, you sort of look at it and go, why would I even bother? I agree, Josh, it does sound like a tragic comedy seeing all of these newspaper articles come and go again. When the price of Bitcoin was down, they pulled the ticker off of CNBC and they stopped talking about it. They started saying it was dead and they basically ignored it now that the price of Bitcoin is doubled and it's back up in the 60s thousands. They're starting to write those articles again where they make people feel bad and they said, if you'd bought Bitcoin last year, you'd have this much now. And if you go back to last year, which no one is capable of doing, because no one studied history or archiving or anything, but if you rewound your little ticker and went back to last year, you could see these same people, these same magazines, these same newspapers saying Bitcoin is dead. Bitcoin is the worst investment in the world. Blah blah blah. And this just keeps happening cycle after cycle when the exact time that you need information, they're giving you the wrong information and they just leave these people horribly unarmed. And the same thing is Josh was saying with the ETF where American investors could have invested their stock market money when it mattered in Bitcoin years ago, when businessmen looking to make a profit on Bitcoin tried to offer these ETFs. In this case, I come down very heavily libertarian and they were blocked from the marketplace by the government in a mistake in a short-sided mistake. Maybe in a smart mistake, right? Maybe they were like, don't let the Trojan horse in. Maybe the Trojan horse will die if we leave it outside the walls for a few years, which again, is not a strategy. That's like kicking the can down the road. The can is still there. But yes, I think the Bitcoin ETFs are bet on the price. If the price goes up, the ETF goes up as long as it's not poorly managed or they lose all the keys or they use some of this futures magic or whatever Josh is saying to take away your money. It's magical. You can go into e-trade right now. You can buy symbol BITO for the original one and there's a new one, Valkyrie, that's just been accrued. That's a BTF. I want to say BTF. They were going to go with BTFD, which would have been clever, but BTF and BITO, not investment advice, whatever. But if you have stock market money that's pre-tax money in America, you might want to store that into some Bitcoin just as an option along with your other tech stocks and whatever else you want to buy. Martin, Wiss, may your thoughts on the American stock market people now. Suddenly, there's just tons of ETFs. There's one. There's two more next week. It's all fine now. Yeah. I think I have to disagree a bit. I think it's the futures ETF is kind of useless because all the upside is lost because of the months to months roll over and the steep contango. So basically, you know, where the futures price or the forward price of Bitcoin is higher than the expected spot price of the contract at maturity. So basically, yeah, well, it's definitely not for me. But as you say, if you have money, like pre-tax money, like that you can put in a 401k or something, you can now direct it to Bitcoin. So, yeah, from that perspective, it might be good. For me, I'm more like a not your private keys, not your coin type of person. So I'll continue to huddle on my treasor myself. But yeah, it's good to see Bitcoin maturing, but this futures ETF, I'm not really terribly excited about because the people I know that trade futures, they were all like, not gonna touch it, even poke it with a stick. So yeah. Exit question, two-part question, forced prediction. Will the Bitcoin ETFs actually purchase the underlying asset? Will they buy the Bitcoin and second, will they prove that they hold the Bitcoin, Dan Eve? Well, I think it would be a big selling point, right? So if one of these, you know, there's two Bitcoin ETFs, is it two now? There's two. Have two right now, at least. You're on out. Or by next week, yeah. Yeah, yeah. So, so I think that's definitely going to be a selling point. If someone's deciding where to put their money, if one of them declares that they're actually going to buy Bitcoin and actually hold it, then that's going to make a big difference in people's buying decisions. But I think personally, it would be ludicrous not to buy the Bitcoin. Why just track it? Why not get your hands dirty or not to get an orange, you know, orange them up in your Bitcoin. And these people who, they must be Bitcoiners, like creating a Bitcoin ETF, they must, they must believe in the ethos of having a private keys. They wouldn't go through all that effort just for profit, would they? I hope not. But they should buy the Bitcoin. So yeah, buy the Bitcoin. Hold the Bitcoin and, and, and, and, and be a part of the, be a part of the real story. Imagine the evil bankers in their distant towers, cackling and laughing, we can sell a whole ETF without owning the underlying asset. We don't have to buy anything. We can take all their money. Josh Tagala, will their evil plan work? Will they buy it? Will they prove it? I think most people that are intelligent will buy the underlying asset. I mean, this is as, as the, the walls of Rome collapsing around these banks, the cracks are just getting larger and larger and larger. And, and it's, if you're, if you stacked on a, a system that is based on nothing, literally on credit scores, and most people don't give it, even given a crap about their credit score anymore, especially if they've got Bitcoin. Then, you know, and everything starts collapsing. Then we'll see what happens. We'll see what happens. And, you know, even Russia has now stated that they are looking at, you know, we did a segment, I'm not sure, you show about this, is like they're, they're trying to have a look at if, if Russia might hold some of them, and they slowly d, d us, dying. So, so, but d us, dying, you've got to, you've got to look at that, and Bitcoin has started to get this. You know, this is why America goes to war to protect oil trades being settled in, in, in USD is because it needs a use case. It's like when Tesla dropped Bitcoin, it, the price tank is like everyone's, oh, the use case, oh, it's gone. You know, maybe it's not, maybe a lot of it's psychological as well, but generally, that's what happens. Let's use cases, less value, especially for Fiat, who doesn't even have the store value function. And, and so, it's, yeah, I'm not really sure where I'm going with this, but, but the fact of the matter is that, that there's a lot of things happening, these ETFs are kind of for this, the established sort of area, starting to own rare assets, countries are starting to own rare assets, they're moving away from this, this nonsense of buying other people's debt or other people's Fiat, because that's what Fiat actually represents is debt. And so, yeah, let's say what happens. Oh, it's perfect. You're just tracking this old conservative investing nonsense. We all know that in a period of crisis, it's perfectly natural for the more timid elements to run for cover, cover. The modern model is Facebook is a publisher with no writers, Uber's a car company with no cars. We should have a Bitcoin ETF with no Bitcoin. You don't even need to buy the underlying asset. The question is so powerful. It's driven Martin from the room. Oh, no, there he is. He's back. Martin, will they buy the Bitcoin? Will they, will they prove that they bought the Bitcoin? It's very quiet. Yeah. Your video disappeared and came back for a second there. Probably need to switch the. There is. There is quiet. There it is. We can hear you now. It's quiet. There we go. That's good. That's good. Okay. I'm not sure if it's even illegal to run an ETF and not by the underlying asset. So honestly, more traditionalism, more traditionalism, laws, legal, recommended. Yeah. Think about how much money we could make if we don't buy the Bitcoin. They might get cold with their pants down, I think, because if people start asking questions and they don't have the assets, they might not be able to buy it back because the price went up. So I do hope they. Yeah. But if you look at ETFs like, you know, the one that has come out already is all cash settled, right? So even if there's a run on the ETF, it doesn't really matter. He's just settling contracts. The underlying asset doesn't need to be there. So this is the fraud that we as Bitcoin has wanted to get away from. So a lot of us cheering on these ETFs, I think in yeah, a little bit blindsided by what could happen to the price. So George, what you're implying or saying is that basically those ETFs introduce fractional banking to Bitcoin then. Yeah, for sure. And then you can get to the point where these become so large that the tail wag is the dog because suddenly there's a there's a scare in the market and the ETF tanks or the futures tank and it basically pushes Bitcoin down even though there's no real tevv to the real Bitcoin, the psychological tevv is there. It's kind of like stocks as well. Some stocks, the company has nothing, they give no dividends, but because they're doing well, the stock price will go up yet there's no real connection really. It's kind of a name like, I'm buying XYZ stock because their balance sheet is good, but the stock doesn't have anything really to do with it. Oh, then I wouldn't want to invest my pension money in one of those ETFs. It's like participating in a scam. Yeah, yeah, I mean, literally that's why that's why Occupy Wall Street was out the front begging. Oh, please government, you must change. I was like, stop begging, stop your begging, and build something better. And just screw those guys. What do we need them for? We've built build their own. They have built something better. They've built scams on top of scams on top of scams. No one will ever figure it out. Moving on to issue two, Walmart. Yes, Walmart, one of the very first issues on the Bitcoin group. Let's travel back to 2013 and hear what we said then about Walmart and Bitcoin in the very first episode of the Bitcoin group. Issue one, Walmart and Bitcoin. If your Bitcoin is so great, why can't it be accepted in the real world? Is Bitcoin ready for the rigors of checkout? Customers use their credit cards and enjoy near instantaneous transactions. Why would they wait for Bitcoin when they consume, push their cards full of RFID chips across a scanner, a process that will transform checkout? What is the future of this Bitcoin in brick and mortar retail? I ask you and dress and to novelist. I don't think people will use Bitcoin to buy stuff at Walmart, not for a very long time. It's not ready. The infrastructure isn't there. The point of sale systems aren't there. The corporate structures aren't there. The legal systems aren't there. It's going to take a long time until you can pay for your groceries at Walmart with Bitcoin. Even if that time. And now a mere eight years later, Walmart shoppers can now buy Bitcoin at 200 kiosks in its stores. A test project for CoinStar kiosks in Walmart stores that if it's successful, could be expanded to 8,000 kiosks across Walmart. People of all stripes and colors, people who like to save money and who have to save money will soon have the option to turn their coins into Bitcoin at CoinStar at Walmart. Josh Shagalla, the Bitcoin group ahead of its time as always, discussing Walmart eight years ago this October and now discussing Walmart again. Walmart almost accepts Bitcoin offers kiosks in their stores. Shrem was one of the first to, I think it was a Walmart that Shrem, like Charlie Shrem allowed a bit instant to buy through Walmart right back then. There are many places that had that red money phone that I've heard about. I've seen later as just a way that people send money, but yeah, used to be able to send your money through the red money phone to bit instant. And you could buy Bitcoin from Charlie Shrem. Yeah, yeah. And that was epic. I remember sitting in Australia thinking, what? Wow, those lucky Americans, they can just go down the wall and buy Bitcoin after sending my stuff to weird bitwala or what was it called a dohala and send it to Mt. Gok, some shady exchange in Japan and like, oh, yeah, it's just, and these Americans just got a Walmart. But yeah, it's about time. I mean, this is again not Walmart. We're just sort of piggybacking. We're trying to like, you know, this is kind of a clickbait thing where it's like, Walmart, except no, it's just some ATM that makes you, it gives you money back all, or whole notes for all the change you've been collecting like a grandma. So yeah, I mean, it's good. I like it. Good on you. But what I really want to see is cashback for Bitcoin in Bitcoin or like, you know, some sort of lending from your Bitcoin or something cool like Walmart. Listen, yeah, your physical store, like the whole space is going online, especially with all these nonsense lockdowns. You're going to, you've got to keep up with it. If the internet's taking you, then take the internet in and do everything you can to bring on Bitcoin, you know, do it, do it. The real tragedy here is that GameStop has done nothing. GameStop gets all this money from the meme economy, which is right there. Reddit, all this stuff very close to Bitcoin. Anyone else could see that, especially the way that these people went from crypto stocks, they broke Robinhood and they were like, oh, yeah, we should get Bitcoin, we should get Dogecoin. GameStop, where are you? Where is your buy Dogecoin terminal? You could have Dogecoin and Bitcoin, ATMs and all of your stores. You could offer this as a service to your people. You could have a big sign like a Doge. You could have it shaped like a Doge. Like, come on, GameStop. You could be the financial revolution of our times. Instead, you're doing nothing. You're letting Walmart pass you and everyone knows Walmart stock is not cool. Nobody's buying Walmart stock. Martian wish mayor, your thoughts on Walmart and of course the incredible failures of GameStop. I read the article and it said Walmart, but actually it was like CoinStar. I had to look up CoinStar because I wasn't familiar with them. We don't have something like that here in Portugal or in the Netherlands. But apparently they're machines where you're just dumping all your cash and then they give you a ticket. They never give you money. They just give you a ticket that you can redeem elsewhere. Unfortunately, the company also exists in the UK and they have a two out of five star rating because apparently it tends to take all your coins and then only credit you for part of it. People have very negative experiences with it. I'm not sure how they are going to organize this Bitcoin buying thing but it really needs proper transaction locks and auditing and everything because you can't afford those mistakes with Bitcoin. You can't just put a hundred bucks in and then only get 16 credits even though it's not the hideous fees. They charge 12% in the UK on your coins and they promise to have a lower fee in their ATM's for buying Bitcoin, but you're not actually buying Bitcoin. You're buying a coupon that you can redeem for Bitcoin. So, yes, I'm excited. No, I'd rather see it done proper because this might give the larger public a very negative perception on Bitcoin. Bitcoin is cool. Bitcoin works. Bitcoin has never been down. It always works. But at least the infrastructures would also be there. So, I do applaud Walmart for trying this and I agree with Thomas, GameStop, which is like it's a dead company. It was just pumped up just because of the laws. They could have taken the money and then maybe installed infrastructure and at least the game stops the stores would have had some use. You can buy Bitcoin. I wouldn't sell Dogecoin. It's just not ethics. Sorry, Dan, I like your Dogecoin background, but don't push Dogecoin on suspecting people. Unless you have the ethical as a cockroach, but then GameStop should maybe... I agree. GameStop would have been cooler. I don't know. Tom, how many GameStop stores are there in the US? Do you know? There are tons. I mean, I went to the mall yesterday and I wore my mask, but I walked by one of the GameStop stores and I almost went inside. I was like, I'm going to go in there. I'm going to buy like an old video game or something. And then I realized I was like, wait a minute, I buy all my games online. I have a problem with Switch where Nintendo Switch, I just buy games online and then they sit there on the Switch and they don't get played. And really, that could expand because there's games you can buy on the PlayStation 4 as well, just on the online and they just get delivered. It's impossible to beat that model. It's a bit uncertain. I'm an old analog person. I have physical things where you're like, should I buy the rights to a game? But when you think about it, because I've been buying the rights to movies lately, it's kind of fun to buy the rights to things because you don't have to put them on the shelf. You don't have to have a bunch of dusty old video games and have the actual disk. And that's actually GameStop's whole model. So Dusty old video games on a shelf. So, yeah, they're in a full scale decline. They should burn the whole thing down and put up the Bitcoin ATMs, but they're not going to. They're a bunch of idiots. They're going to just lose all of them. Yeah, but that was why everyone was shorting them because and that's why they thought they could overshort them because they thought who's going to buy this crap? No one buys their games online. And then all the people went, hmm, there's a lot of naked shorts on this. A little bit too many. Let's wreck them. And I was a really fun experiment in the crowd. You know, the wrath of the crowd. Again, these, the 1% in front of the Occupy Wall Street being mimicking each other. I love the idea. The ethos of Occupy Wall Street was epic, but it was just terribly executed. No real understanding of anything. Instead of going after Wall Street, they should have gone after the state and really, you know, because they're the ones there. But again, that sort of ethos was actually what did some cool stuff to GameStop. You know, really messed with Wall Street for a minute. That was fun. And none of that GameStop or AMC action was predicted by the price charts. If you looked at the old charts and you had your triangles and your circles and all your things, you never know what kind of news is going to happen. People decided GameStop stock was cool, probably because it's hard to say. But going back to CoinStar, Martin, the way the machine works is you kind of bring your coins. In the US coins are really worthless in the UK and in the EU. They actually have dollar and five dollar coins that people actually use and reuse. So our coins just, you know, generate into a big bottle and they just bring into your bottle and you dump it in. So it is kind of a dumping process and makes an awful racket. But they sort the coins somehow magically again, no one's sorting these coins at home by hand anymore. Like the people complaining are just kind of winers like, yeah, there's some loss. But really the the win is not sorting by hand. They give you a receipt, like you say, just like a casino or whatever. So sometimes it's a Starbucks gift card. It's an Amazon gift card. I imagine this will be a Bitcoin gift card. If you don't take it to the company and you don't cash it in, you don't get your Bitcoin. It's not going to last forever. This is not a private key on a piece of paper or whatever people would dream about. But still a normal person could go in with their bucket full of coins every month. Dump it in the machine. Get the thing. Go to the website. Follow the instructions and perhaps even transfer it to their own personal wallet or something would be best, of course, best practices. But either way, it's a real easy way for people to buy Bitcoin. Hopefully it works. I hope they're using Lightning Network because it would be really cool. I just need a lot of change to deal with the fees on chain. So it'd be kind of nice if you instant me good charger Lightning. I'm going to go to Coinbase or Change Tip where they use the incredible database method to your account. And then you feel good because it's in your account and the realities of the Bitcoin are completely unknown to you. And only if you withdraw it from whatever closed system will you have the actual key. Let's go to Dan Eve, your thoughts on Walmart and Bitcoin at long last. Yeah. So it's kind of, it is kind of as we've already picked up this kind of Walmart. It's like, you know, it's a company that's operating within Walmart. Obviously it would be cooler if Walmart accepted Bitcoin and even call it if they accepted Bitcoin and Lightning. But it's like when I first heard of Bitcoin in 2013, I was itching for a service because I used to carry around cash. It's quite a lot. And I'd hate having coins in my pocket. It was a real annoyance. I dreamt of implementing a service called Bitcoin Backway. You could literally just get paying stuff in crappy cash and then any change. You just scan a QR code or whatever. Obviously, I never got went anywhere with it. But it would have been a cool idea. And I would have been a bit coin millionaire now. But it's good, obviously, that they operating service that can't let me get into what what what what that can let people get into Bitcoin via, via, you know, via machines in Walmart. It's you know, 200. So it's it's a reasonable number of coins, you know, coin start you know, tells that they can or whatever machines that they could they can use. But it will be good to see Walmart actually and to expand out and you know, see that little Bitcoin Lightning accepted here. That's what we really want to see. You know, it's good that obviously people can go to certain Walmart and and you know, give their change in. But what you want to see is them as a retailer accepted it and to put you know, put their guts on the table as it were. And yeah, overall good good thing that that it's a service that's being brought in there. Maybe it will really to other stores doing the same. I mean, you think about how many, like retailers or like even not just retailers, but say, you know, local stores where they have an ATM network, you know, be really sensible for one of these ATM networks. There isn't actually a bank that's just an ATM operator to add in Bitcoin features, you know, that like that's the most logical thing to do, right? Just add in the ability to buy Bitcoin only buy it, not sell it by the way, just buy the Bitcoin there. But yeah, great, great step forward, I think for Bitcoin adoption in general. And again, getting that that golden B in front of people's faces in in in more different, you know, more different areas that they go, whether it's a Walmart, whether it's a shop, whether it's, you know, wherever you want to see that Bitcoin symbol and that Bitcoin Lightning symbol. It's also the cash register companies that need to update their machines for a long time in the United States. We had cash registers that were ready for chip and pin. We had cash registers that were ready for the NFC communication as well. But the features were simply not turned on. The company hadn't subscribed to that or they hadn't upgraded their networks or whatever it was. The same way, these same machines can declare and show QR codes. And if the money was sent to it, they could check the address associated with QR code and behave like one of Ben's lightning point of sale machines. They could with a software update update their entire network. And then they could be the back end for all of this Bitcoin and Lightning that would be coming in. And of course, take a cut. It's right there, but they won't do it. I think it's great to see these machines. Obviously, as many have said, this probably isn't the cheapest or best way to get Bitcoin. We haven't even talked about the fees because no one's told us yet. But previously, there are extreme fees when you use this machine. If you want to count your coins personally and roll them and bring them into the bank, that's the best way to convert it. 12%. 12%. So the other thing that the fee was 12% for normal coin start transactions. But people complaining, we're complaining that not all the coins were counted. So that's, you know, I think it's due to the mechanism they use. It's coins. But from what I had read in the article, it would only accept bills for payment for buying crypto. So no coins. Oh, interesting. They don't. That's a fascinating legal question there where, yes, like you're saying, if they had a wedged quarter in the machine and you could somehow prove it later and they didn't give you a quarter's worth of Bitcoin and quarters worth of Bitcoin is now worth a rocket ship ride to space. The company could be a some issue. So that's a fascinating thing. They don't do it for coins. But of course, you could convert the coins into dollars, go to the machine, come back with the dollars, put the dollars in the machine, still buy Bitcoin. You're kind of finding new ways to rack up fees. They also sometimes have these coin machines at banks, depending on the bank you go to, you can go there and they'll have one of these sort or machines that makes the coins go away. So I agree with Dan, it's a step forward. It's great to see, but it's not quite Walmart accepting Bitcoin directly yet. So Andreas is still right on that. We're going to move on to the next issue WCN clips. Check out the WCN clips channel on Google and YouTube with WCN clips. We've got 75 subscribers and we're on our way to 100. We'd also like to ask everyone to give us a thumbs up right now or trying to get the show going and everything's happening. So thumbs up and subscribe down below. We'll check later to see if you did. Moving on issue three, tech billionaire Peter Tio says he under invested in Bitcoin. Speaking at a new event in Miami, Peter Tio said after Bitcoin hit a record price, I guess with investing, you're just supposed to buy Bitcoin. He thought that he was too late for Bitcoin. He thought that the secret was already known by everybody, but he was wrong. Now Peter Tio says, I think the answers are still to go long on Bitcoin saying that maybe it is still enough of a secret. Martin Wismar is Bitcoin still a secret. And what about Peter Tio, one of the smartest best predictors of the future and humanity ending up in this trap that so many of us found us in, where we said, I'm too late for that Bitcoin. Everyone knows about that. I missed it. I mean, I felt that at a dollar at 30, 300 and now Peter Tio must have felt that and I don't know, a thousand, three thousand, 30,000, 60,000 out of control. You hit the nail right on the head. I also thought Bitcoin was really expensive when it became worth more than a real dollar. And then I found it expensive when it was $10 and then $100. You know, last year I sold my house and I bought Bitcoin because it was the last chance to get in under a $10,000. And now, you know, it's, it will, it's number go up technology. And we just have to get used to it and it will, it will hurt always. And we will always regret not buying more, but that's the nature of number go up technology. There's no way escaping it. So I think he's right. Should have stacked up on far more Bitcoin, but then because he didn't, there's more sets for us to buy. So I'm not, I'm not too worried about it. And who really wants the founder of Palantir, a creepy, creepy company with works with the CIA on finding great new ways to surveil you and watch what you're doing every minute. I wish he had more money. That's what everyone's saying at home. Dan, Eve, your thoughts on Peter Tiel missing the Bitcoin boat. Well, but it's interesting about that. It's how like, you know, Peter Tiel, he has, he was involved in like company, Bitcoin crypto companies, right? He invested, wasn't he a block one investor, but then like he's kind of countered his, his, his positive comments of Bitcoin. Like when he said, in, I was at April this year, he was saying that like he thinks that Bitcoin was created by China as like as a, like I was it, like a, like a, a, a financial weapon against the US. You know, so he's a bit of a mixed bag when it comes to Bitcoin. But what a boat to be missed, you know, I remember PayPal, yeah, PayPal accepting Bitcoin. When I first, I used to like buy Bitcoin on, on like local Bitcoins. And then I'd sell it in fractions on PayPal. And, and it worked for a while until I had to stop and they said, they were cracking gowns. So then I went into mining and then, you know, using what was it? Mining rig rentals to, to mine out hash power of script mining. Sadly, it was script mining. I'm very sorry. It was only because I got stung on Spotify labs. And a few other things I had to go for script miners. So it wasn't the last person to join the party. But yeah, like that could have been something, really something special, you know, for PayPal to have, to have gotten to Bitcoin, you know, as early as that. Because you can imagine how much they would have been able to put in, you know, to build on the Bitcoin infrastructure and contribute to becoming widely, you know, widely used currency of the internet. Because PayPal took your crap dollars and your crap pounds and whatever, and made you able to transact via the internet with people from the US. And I was able to transact with people from China and all sorts of places. And so it was literally a marriage made in heaven for them to be adopting Bitcoin. But they didn't do it. And but they have recently, right? I don't count you by, I think in the US, you can buy it. So that's a good thing. But yeah, it's another kind of a nod from the real world, people that have built businesses, especially in terms of, you know, in terms of transmitting money around the world. I think it's a good nod to Bitcoin that he, you know, he is involved and saying he's under invested just like everyone else who said they, you know, you always look back and you think, oh, I really didn't need that, you know, that extra, I don't know, that extra popcorn of the cinema, I could have bought like some Bitcoin back, you know, and it all adds up, doesn't it? So basically, the moral of the story is don't buy food just by Bitcoin. It is funny to look back and see that myself and so many other Bitcoiners were banging on the walls of PayPal and so many of these other major figures, Mark Cuban, other people saying, you know, come try out this Bitcoin, come accept it, like be an early and company, get into it, help us out when we needed your help. And they all ignored it. And the Bitcoiners just went around and made their own infrastructure companies like Coinbase becoming unicorns. There's FTX crypto company coming out of nowhere, 25 billion dollar valuation because PayPal ignored us, because Bank of America ignored us, because these phenomenal failures by these giant so-called smart companies, which again reminds me of the Iraq war, Colin Powell passed this week and he threatened everyone with the thing that wasn't there and all of the fake weapons and all that. But it's amazing to see these massive organizations incredibly intelligent, incredibly organized, incredibly methodical, still making these gigantic future mistakes and ones that are so obvious, you know, not just myself, but thousands of others and hundreds, thousand other Bitcoiners like me. It's very strange. Josh Shagallah, what do you think about Peter Tiel, one of the PayPal Mafia, one of the original internet rich people completely missing the boat on Bitcoin? It's such a weird like, like everyone that's invested in Bitcoin would say, I'm doing invested, I'm doing invested in Bitcoin, you know, shit, like everyone did. Like it's like, it's like saying, oh, the sky's blue. It's just, and then all the media's like, Peter Tiel says he under invested, like, what? Josh, there's one person out there who I think was properly invested in a Bitcoin. We'll have to have Mon again soon is Adam Meister, the Bitcoin Meister. I swear that guy was living on like ramen noodles and water and he was just doing nothing but hotlin and saving and every day on his show, he'd tell people to hodlin to save and he was totally right and I hope he got rewarded. The thing I hope is that I hope he caches some out. The big fear with a lot of these people is that you're so good at hodlin and saving that you hodlin and save forever and you never enjoy your life at all. So I hope he enjoys it, but and the other hodlers who are like him who have scrimped and saved. It's never bad to sell a little bit at the all time high, but he could have had he could have owned the best plot in the graveyard, but no one can find his private keys. Doesn't even have a video to stone. How good is that? Josh Moron, Peter Tiel, I interrupted you. Oh yeah, no, look, I mean, it's just a typical news thing of like, oh, Peter Tiel, I don't remember his cares. Like get a life dude. If you didn't see this, like if you didn't see this after creating PayPal and what the hell did what why are we even looking at you? Yeah, just honestly, like the the aha moment that that I had and that many people had when they read that white paper and just basically went what what we have what we have a rare digital assets now, like if he didn't I get this? Why are we still talking about this fool? I mean, you know, sorry, Peter, I do have some really good ventures. Maybe you want to invest. But dude, you should have seen this. What are you doing? It is funny and like Dan was saying earlier, I can only hope that one day people were right. Random articles about everything that I say, just putting them all in the headline moving on to the exit question. A random article about something that Peter Tiel said, Peter Tiel thinks he may have met Satoshi Nakamoto on a beach at an e gold conference. The alleged Satoshi at the time seemed to understand that e gold was in trouble by being a corporation and Peter Tiel theorizes that the Satoshi may have decided to go without a corporation the next time. Peter Tiel, of course, no memory or description of the man on the beach. Dan Eve did Peter Tiel meet Satoshi Nakamoto. No, I don't think Satoshi would have been on a beach. He would have been sat behind a computer, you know, like theorizing Bitcoin, just stroking his beard eternally until one day he went on a white paper. I don't know, I don't know, a white paper. There's a lot of people that say that they kind of have a clue who Satoshi is and I think maybe he's doing it because I was going to say he wants to get some interviews but he's beaten Tiel, you know, getting interviews pretty easily. But it's just a thing, isn't it, right? It's like, oh, I think I know who Satoshi is. You know, I was on a beach with him and it's a bit of a talking point. Obviously, he's not going to say, even if he does think, you know, it's a definite, like I think, you know, I think I know who it is. He's not going to say who it is. But it just needs to be, I think we need to stop talking about who Satoshi is because I don't know, I think we're never going to find out and it's a waste of airtime. You know, it's so deep, so many people have looked into it. I just don't think we'll find out and let's face it, we don't want to find out. Like Bitcoin doesn't need a representative. And I'd imagine that if Satoshi is still alive then he probably thinks that too. You know, the last thing that Bitcoin needs is, you think about how scared people would get if they found out Satoshi was still around, that one million Bitcoin is going to make everyone shit the bed. You know, what's going to happen with it? Is it going to be dumped? Is it going to be the next the next fat finger? Imagine that million Bitcoin fat finger. He like goes onto a little bittrex or something and he's like, oh, God, what have I done? But no, we just we just need to forget who Satoshi is and just build on the legacy. Oh, I ran into Satoshi at the bar. No, I ran into Satoshi at the movie theater. He was wearing open-toed sandals with socks. Josh Sugala, do we need Satoshi? Did Peter Tio meet him? No, but his psychiatrist said, Hey, Peter, is Satoshi in the room with us right now? Yeah, that's funny. Like, what's all funny, rabbit? What are you doing? What are you doing? Like, yeah, all right, next. Martin, Rizmer, more crazy.comers and their.comer theory did Peter Tio meet Satoshi? Well, Egold was like around like around 1995, 1996 and I was working at the Internet provider here in Amsterdam back then and we toyed around with the Egold API. We played with it. We created a demo store to make us sort of like sell flyers for rave parties or and just like a test store and nobody was thinking about decentralizing this and only like after 2007 when Egold got raided and all of a sudden they did AML KYC on all the accounts and they started logging who was actually using it because Egold was primarily used for online, set little scambling games scams. There was the gold casino and that was about it. There wasn't much usage in Egold but apparently criminals used it and because it was centralized it was raided and they I think the founder is still buried in documents and season these cis letters but article says that in February 2000 they met on an island in the Caribbean. Nobody was thinking about Egold or sorry about Bitcoin and decentralization at that time. People were still in their Egold disconnect thing, gold is the new standard. This wasn't even on the agenda so I don't think Satoshi would have been there and no absolutely no but yeah everybody has there I think I know Satoshi is for me. Personally I always thought it was David Sean from Dikikash until he tried to launch his own shit coin and then I thought you're definitely not Satoshi. So that's what I knew that it wasn't Satoshi but he had the technical skills to pull it off but Satoshi wasn't a great programmer you know the original code wasn't very well written so then yeah and then my my hunch that it was David Sean would be wrong anyway but no no definitely no Peter Tillis totally wrong and no I don't believe it for a thing but it's a nice story but it's one of those many stories we all know who Satoshi is. We are all a bit of Satoshi except Greg right he's not Satoshi. Everybody knows who Satoshi is he's my cousin's friends uncle's sister's boyfriend he's that guy everybody knows him but I agree with Martin we're all Satoshi that's much better. Moving on to issue four issue four Bitcoin maximalism versus Ethereum. Noted Bitcoin booster Udy Worthheimer of the famous VR Bitcoin meetups and one of the ones who helped popularize the phrase have fun staying poor has changed sides he's gone from being a hardcore not your keys not your coins Bitcoiner laughing at every dip to being a more middle of the road hey you could try Ethereum if you want hey you could try some other shit coin if you want whatever which is a complete reversal of his entire character and everything that he's set online for the past few years. Josh Shagalla can you be a Bitcoin maximalist and like Ethereum too or is it more about the hypocrisy of Worthheimer changing his opinions so suddenly and so completely. I think with Bitcoin Maxwell I mean I noticed this for sure is that once you get this persona people sort of expect that of you and you're in this sort of church of beliefs and if you have some other view then you sort of disappoint all this these online friends or you think you do but so I think a lot of people that say their maximalists actually have a little bit of this and that and they're punting on something here and there and and but really the difference comes in not in the small little punts comes in understanding that maybe there is value in some of the other experiments out there and not just not just one thing I think the the thing is that for me personally I'm a I'm a competition maximalist I never said that I was a Bitcoin maximalist I do like competition that was the whole point if you read the white paper a Bitcoin's white paper was it was about competition to the fiat banking system it was let's compete and so if something isn't right even forks like Bitcoin cash the beauty of a fork was to allow people to go hey maybe that's the right way to to upgrade or maybe that's the right way to upgrade it doesn't matter which side the fact of the matter is that the mechanism was there to to allow people to a which was really important have coins on both sides and then decide maybe which upgrade path was the the right one so you know Bitcoin cash is a bit loaded in terms of an example but you could have any example of where a community says hmm no I don't like that the way that it's going and some other people don't either and they forked off we think that's a better mechanism and so this is a really beautiful part of Bitcoin and I think it really um really brings to light the the notion of competition maximalism in terms of technology and and I think the word scam as well is way overused in a lot of these things you know like scams are a really important word because there are real full on scams out there where they don't intend to build anything and and they're there to take your money and steal it and then there's like I'm you know I wouldn't say someone that's experimenting doing something experiment has a passion for trying something is scamming you even if they don't know it is now what can happen those that they turn into a scam whether then just drop everything and just take everyone's money and run rather than saying hey I'm going to air drop stuff back or whatever because the thing didn't work you know there's other ways to do it but humans are humans um it's also opened up a whole world of understanding of what scams look like because I think the the governments around the world have isolated people and protected them uh tried to protect them too much apart from poker machines slot machines and horse races and doggy dog races and stuff uh and and so and these these the whole alt kind space has definitely got some very very important projects and it shouldn't just be written off maybe it's not for some people maybe the big co-maximist they they they have a very good strategy it's worked for them since the since the beginning I saw a stat that 93% or 95% of all people that have bought Bitcoin are in profit right now if they held or something like that so um it's uh you know it's definitely a good strategy to hold that Bitcoin but I think if uh if there is a technology out there in a good community I don't think uh you should exclude yourself from from having a look um but the end of the day the same thing that we always said in the Bitcoin space don't invest what you can afford to what you can't afford to lose and that's really what it comes down to and I would add to that don't hold any more money in the bank than you're willing to lose either so take that and you put that in your pipe and smoke it it is a very interesting comparison Josh with the scams versus people who over promise or perhaps have wild dreams at one point to say I'm going to start a new social network to compete with Twitter is totally insane but at another point they had good intentions and they really believed it and they tried really hard but they still lost everyone's money so I feel the Bitcoins are a lot of times they're warning people who have over promised people who've said they're going to deliver everything uh that often those same people deliver nothing and then there's that whole thing that once you catch one scam you become the greatest scam buster of all time because you are a hero you stop people from investing in one coin or whatever it was and you've got you know got more notches on your scam belt now you've got to go out and hunt those scams and chase them down and it's kind of fun the internet likes that we've seen it with other communities uh the ability to react and to get angry and then maybe even to be tricked into that anger as they talked about on south park with the trolling and so forth martin wish mayor what do you think do you think it's the hypocrisy or that maximalism must be upheld with all costs I don't consider myself a Bitcoin maximalist but I do consider myself a shit coin minimalist so you know I really I really strongly advise especially new comers to invest in all these so-called the next Bitcoin projects because like 99.999 percent really is total junk and okay sure a dosch coin is cute but it's it's worthless a ethereum I do like the idea but you know after having experimented with it I found it just it doesn't scale and from what I understood proof of uh stake difficulty bum has been delayed again yet again I lost count how many times so yes they all try to improve I think it was like you know for a long time for for years I think up until 2017 I read every single white paper I could get my hands on and I was always interested in reading them at one point then and even read books anymore I just read white papers but in 2017 I said no no no this is enough I'm tired of all the shit coinery uh proof to me that it's not some pre-mind scam I said it Josh I said it scam scam scam scam because most of them actually are scams and I agree some people have good intentions but then they either make an exit scam so they take the money I run or they decide to not develop on it any longer but they did take the money from the ICO or whatever so so yes um like EOS well yeah I wouldn't I would I would never advise any starter in cryptocurrency to buy anything but Bitcoin because as Josh stated everybody that purchase Bitcoin and just hold the Bitcoin for more than four years has never lost any money they might not have making the best gains possible but if they hold it for four years they didn't lose anything and with all these alt coins I will not repeat the shit coins again but there I did it that's not that's not the case it's most of them just pump and then they dump and their their liquidity in the market is so low that's easy to manipulate the you know the the exchange rate uh there's pump and dumps groups on telegrams there's there's no it's just the whole thing's got more victims than people that actually made profit of it so yeah it's your you got a bot solana and it would have gone up up up up and guess what then it went down so you know I I I can't advise it um you know in general bites we we don't want to take a maximalist stand we are like you know we want to be an open platform but the only coins we actually developed ourselves to be supported on the ATMs are are Bitcoin and Bitcoin on the lightning network and all the other ones there's contributions by their specific communities so if a community is growing and they create a coin and they want to have it on the ATMs be our guest just do a pool recrest and we'll be happy to integrate it but we're not wasting our time on all this stuff and and night rami i'm no longer reading turtle coin white papers for example i mean not interested turtle coin oh man yeah it went down it was really slow i think then probably add some bags left of it you know it was slow oh yeah okay well this is my my personal opinion as i said this is not the company opinion or anything we welcome anything on our platform just do a pool request if it's compiled but yeah i'm a shit coin minimalist that's what i would call myself it was slow and it was turtles all the way down it turns out the real white paper worth reading was the plaid paper it's never too late for Udi to make himself some raccoon themed NFTs i'm sure he can find a way out of this thing dan eve what do you think about change your mind about bitcoin maximalism and the horrible consequences there in a bit Bitcoin Bitcoin is king dingaling right you know it's it's it's the original and it's the hardest of hardest of hard money but you know we had a block size debate it wasn't just a walkthrough you know that was easy it was it was a debate because some people valued faster transactions than they did then they did you know being a more solid less you know spammerable chain and and we we had that it wasn't just a small thing that was scooted over it became a big event because some people valued that a lot and people valued different things right one person's trashes and other persons treasure one person's trashes my turtle coin mate my turtle coin holding it to zero but no like there's you've got different types of scammers right you've got the people that are intentional scammers you've got people that are scammers buying competence right you know you look at in it in not not trying to dick on him too much but like the fire festival dude tried to do a good thing and then the fire festival whatever and then there's people that like would do you know set up an ICO to build something that they know is never going to work just that they can take everyone's money and you know this this is the really great example there because it's like fields of dreams if the guy believes it's going to start a baseball field in the middle of a corn field and have a bunch of ghosts play baseball he might have the greatest intentions but there's never going to be any ghosts there was never going to be any music at that fire festival there was barely tense and it was a complete disaster yet right up until the last minute because I watched both those documentaries they all thought they were going to pull it off they thought that somehow the artist was going to show up it was going to be like the end of Wayne's World 2 and it's just going to all come together like a movie and a lot of these ICOs and maybe NFTs and maybe other projects have the same plan where it's like it's going to come together perfectly like a movie and then it doesn't know and then we have to say are they a scam or not go ahead then and even that you know the words the words scam it's been banded about so many times that I think people become desensitized to it you know and if you think about the fact that it so many people called Bitcoin a scam right you know any it worked in a treasury department with big finance company and it was like you know isn't that a scam you know and the words scam got banded about so much that people thought Bitcoin was a scam and it wasn't a scam but it scared them away and unless you're using the term in the correct way and you're actually being you know logical about whether something is an intentional scam etc then you're kind of desensitizing people to the word scam and they'll just think are you called so and so a scam right you know you're obviously wrong about Bitcoin so I'm going to invest in silly coin so I think there's some negatives to calling everything everything a scam and also there's people that got burnt on Bitcoin and know that you know there was that start I think Josh reference that there was a point where we just reached the all-time high so it was like no one has ever lost out on Bitcoin if they bought before this time and held it but lots of people do sell because they have to right they have something comes up in life and but what's really sad is like when you see like I was absolutely stoked I'm always stoked when new kind of people come into the Bitcoin or crypto and whatever and they start shouting about it online and although so Buster Rhymes all he did he did wrap it like the what was it the house the Bitcoin House or crypto House in in 2018 it missed it it was in New York I was in one of the other events and but recently he came out again as saying you know talking about Bitcoin and everyone was praising him and then he mentioned an NFT and loads of bell-end started having a go at him going do what an idiot talking about NFTs you're like and they even said something about and whether they realized they who Buster Rhymes was or not but they've mentioned stuffing about success or something like that and I was like geez you guys just really are absolute idiots you're telling like one of the best rappers of all time like shouting at him just because he said oh I'm into Bitcoin but oh I'm also what's up with these NFTs then you know and it really doesn't create a really kind of great atmosphere right you get you I've always felt that you won't ever win and not win someone over by shouting at them and calling them an idiot like you just look like a freaking idiot you look like a bell-end you're a bell-end if you do that you don't go they don't in school they don't turn around and someone goes oh so how how does the sunshine there you fucking idiot of course it's like fucking loads of nuclear explosions man like they don't do that to kids because kids don't learn that way by you know by calling them idiots or whatever you teach people by using logic and reason and sound things and you're just going to scare people away just by being a bit silly about it so I don't know I think there's obviously people protective they don't want people to get scammed and I really respect that but at the same time you know you they're not everything is a scam and maybe you know that these these these ideas that people have in a few years time they'll be you'll turn you know around and think oh actually there is some value to that um so I don't know I think it's it's good that people call out scams because we need to but I think yeah it's it's bad that we get desensitized uh the word scam doesn't have a meaning to me anymore because it I've heard it so many times in the in the industry that uh with sick projects that have been gone on and been insanely successful I mean let's be honest you can hate on ethereum or you want like you can hate you can literally make your bones chill and you must despise it but it's used by millions of people and they have value in it and that they have a value that you can't see now does that make you if if you're a maximalist does that make you I don't know the same as you're the equivalent of a traditional banker who's like Bitcoin what a scam you idiot ha ha ha you know it just seems like it's a bit of an equivalence there so um I don't know yeah but you know then the day Bitcoin is awesome Bitcoin is incredible and Bitcoin is the hardest the hardest of hard money um but harder than Arnies muscles yeah but at the same time there are other use cases and there's other things that people value and um yeah and I I think that uh that that Bitcoin will always be number one in terms of the hardest of money um don't I why I do that because I think of Arnold Schwarzenegger as mr. universe and he's pretty hard he's like the hard of you know he's like the hard of human as like Bitcoin is the hard of money um so yeah I just take everything in its in its own and view it in its own little you know area and don't listen to what everyone says and bustaromes I hope you weren't offended by that crazy asshole that was shouting at you about NFTs you never know what will happen with those NFTs you know after four years those raccoon themed NFTs might be worth something maybe even a whole vitalic that's pretty cool moving on to the exit question you be the judge should Udi Werthheimer creator of the very cool VR Bitcoin meetups and one of the popularizers of the phrase have fun staying poor still not a fan should he be excommunicated from all of Bitcoin for saying that altcoins are kind of interesting and dabbling in Ethereum Josh Shagalla you be the judge do we excommunicate Udi Werthheimer well no I I mean I I'm one of the biggest fans of Bitcoin yet you know I'm trying to build our own protocol at the standard IOs so yeah it's you know what why why is it either one or the other with people you know just do what do what you can do what you want build and build and huddle we need martin risk mayor josh is not a true maximalist should we excommunicate Udi well now maybe we should have him on the show to explain because you know what am I going to do with all my have fun staying poor stickers I'm not a fan but I I generally I stick him on to everything because it makes people angry and next next time I walk by I see that people start up peeling off those stickers they're makes them so angry it really triggers people even if they don't know anything about Bitcoin it's just makes them so I think we should have Udi on the show somewhere like you know within a month or so and have him explain why he went into all these shit going to read really he'll probably just alter all those stickers to include an Ethereum graphic Dan Eve should he be excommunicated no way he's hilarious I love I love how maybe it's one of those things where you know when you repeat something so many times that you suddenly like the it's the point where people go the epiphany sort of where people suddenly turn crazy they're like you know they repeat something over and over again like tronning that bad as you know this is just tronning that bad tronning that but tronning that bad and then it's like oh tron's pretty good and they've you know and it just got snowboard from there then maybe he convinced himself that tron's amazing and and you know just by the just by the art of repetition like Darren Brown type of convinced himself to become a tron fan but now I think he's really cool I like the way he pokes fun of the the maximum and he pokes fun of everything right that's the that's the kind of the the the cool part about comedy right is if you can't make fun of yourself then you know what what what is what I don't know what the other part of that saying is but yeah I like making fun of myself and and it helps right like it the you you've got to be able to see the the every you know every different area from a different sort of light and you've got to be able to poke fun of everything otherwise nothing is funny so I think Udi's a legend and I have a great time on the show the panel has decided Udi will not be excommunicated however he is being put on notice for referring to himself in the third person as it says in the article in Udi versus opinion that should probably stop I would move on with that moving on to predictions or story of the week Josh the gola are you ready with the prediction or a story of the week go ahead uh yeah yeah uh well we just uh talking of ults uh and other other projects happening to go in or starting aetherium projects like curio cards oh my uh oh yeah where um we we just launched uh the that's we're trying to distribute more and get get more people in so there's a whole big giveaway of uh merch we've got some cool merch here uh that will give them away Nakamoto station Nakamoto with uh this bag I love this bag we've got this bag as well um and uh also air pods uh some apple watches uh ipad mini macbook air MacBook Pro the new mx-16 I've been waiting for that for so long um so I'm really happy and then uh make someone on whale as well so um you can join the white list for that and uh that's over at the standard IO and uh yeah take that Rudy hey cool martin with smear prediction or story of the week go ahead uh we we just sold our two ten thousand eight m so that's a little bit of a milestone and we upgraded the uh the screen of the b80m two which is like the one like behind me from seven inch to ten inch because ten inch ten thousand inch wants too big and uh at ten thousand machines justifies a little modification to our most successful line so uh yeah that's basically my story of the week I'm super excited we're really like way over two thousand ten thousand now because the large order came in uh but you know to be honest when we started in 2013 we never thought we would reach this milestone so fast and I think we sold like the last five thousand machines in the last year or one and a half year alone so there is definitely this this exponential curve thingy going on so I think the future is super bright for crypto and uh yeah well done coin yeah well done guys well done really awesome that was my story very good stuff general bites I also want to give a shout out to Peter Todd I received messages during the show of Peter Todd was trying to join us he was unable to get the link to work so hopefully we'll have Peter on in the next few weeks it's been a few years since we've seen Peter we used to hang out every year at HCP then you know the travel thing and the virus thing uh so it'll be great to see Peter again and here we hope to have him in a future episode here we're not giving up uh we just hopefully next time the link will work and uh Peter can join us so you know Thomas Thomas I thought you know because with this art we had this subject on the on the Caribbean beach eagles Satoshi Nakamoto there so I wanted to ask Peter if he was on the beach somewhere in 2000 somewhere in the Caribbean because you know he's got the skills to build it yeah but he would have been all of 12 but that's all right I mean he was at 15 I was picking my nose and Peter was in the suffapunks uh mainly least arguing with uh you know Aaron Baxter wouldn't doubt it I had a much more clever plan I was going to put it on the widescreen cameras here and I was going to slowly watch his face as we talked about it and see if he revealed anything about Satoshi with his facial expressions but you know he could be hard to read even with an HD camera so hopefully we'll have Peter in one of the in the upcoming shows we've also got Lamar hopefully again next week fingers crossed it's a tough time it's Friday afternoon evening I understand why people miss it I miss it myself sometimes when the appointment reminders don't go off and all that so hopefully we'll get them on the show Dan Eve prediction or a story of the week go ahead I have both kind of so my story of the week is that uh is that I am officially as well as you guys friends with the UK delegate to to Elf Salvador gotta give Ben a round of applause for going out there and and meeting the El Salvador ambassador ambassador the UK and yeah and and and showing his LNRL POS I think it's absolutely incredible in LN bits so I've absolutely well done there so I stole someone else's story of the week and and and and my prediction oh there's also a great article about Ben in 21ism so check that out I retweeted it on a mad bitcoins world crypto network detailed article they're finally starting to realize they're like then helped make this protocol and this protocol runs this thing and this thing and this thing and this thing and they're starting they're starting to unpack it and they're like could this really be just one person like is this a real thing and yes Ben is real so it's very exciting to see people discovering that's awesome yeah yeah sorry about the point of sale thing there was a video with Ben explaining the point of sale he created on using LNBits I believe on the world crypto network right so just look in the playlist list of videos and you can see a demo it's not easy but once you made one you can build like a whole army of point of sale terminals and then really roll out Bitcoin acceptance in your community so at at a good price so it's it's something really if you're a maker do have a look at it it's worth looking into it's good for making it you can source all the components like on AliExpress or eBay or whatever is best for you do build one I'm going to build one myself just for the laws but I just want one you know so but have a look at it it's really really good and it's good for building you will learn something while making it so hey Dan to interrupt you and the Bitcoin Jesus moniker is up for grabs because and that's how Roger Verghot that moniker is because he went from door to door trying to get people to accept Bitcoin back in the day so that could now be you and Ben actually this really has more like Jesus as well with the long hair yes yeah he's looking very highly possibility also shout out to 21ism for not mentioning the world crypto net or keeping up with the coin desk and coin telegraph edition of never matching us also Bitcoin magazine thanks for never mentioning us as well so much support and just interlocking connections among the Bitcoin community reminds me of that speaking of Bitcoin let's talk Bitcoin show it's just again all the support so they should check out Ben and they should check out LN bits because it's really great Dan you've got it oh and the other the other final thing was that you guys will know and I can't remember if I mowned about it on show or not but I've been using my broken M1 MacBook and my prediction is that we've a little help from my friends thank you so very much I will be filming next week from a laptop that doesn't have an iPad strap to the screen where I broke I didn't break it my son broke it but but yeah so I will be doing it for the show live from without having some sort of crazy inventor set up going on very cool congratulations Dan can't wait till you get a new laptop one that actually works 1080p shout out to everyone joining us in the chat make sure to give us a thumbs up and subscribe down below I saw something on yes there they were like 50% of the people watch this show and never subscribe so don't be one of those people I don't know what our numbers are I don't think they're that bad but subscribe down below then they'll be new shows and then you know we get towards that 100,000 thing where they give you the YouTube plaque and we'll digitally put the plaque back there but that's about it for this show hope to see Lamar maybe Peter Todd next week or a week after stuff like that I think that's about it until next time bye bye

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