The Bitcoin Group, the American Original. For over the last 10 seconds, the sharpest Satoshi's, the best Bitcoin's, the hardest cryptocurrency talk. We'd like to welcome our panelists. And we'll leave the crypto raptor. Greetings. Josh Egala from the standard dot IO. Wooden ovens. The Mar Wilson from black Bitcoin billionaires. What's happening? And I'm Thomas Hunt from the world crypto network moving on to issue one issue one three reasons why Bitcoin will see 100 K Forbes magazine is back again and they've got three reasons why Bitcoin is going nowhere but up reason number one Bitcoin is no longer a solution without a problem reason number two Bitcoin and cryptos are a unique asset class that will only grow in demand reason number three economics 101. What a difference a few years makes for Forbes magazine suddenly big boosters of that weird fledgling cryptocurrency Bitcoin Dan Eve is Forbes magazine right is Bitcoin going to 100 K. I believe so I believe the the prophecies of first of stock to flow and code that are going to say even more than 100 K and the difference between people's negative and positive opinion about Bitcoin usually involves being given something so it's likely that Forbes just started stacking it so that's where they changed their mind like they always do you give someone a little bit of Bitcoin and suddenly they start doing some research they get all excited and they start saying positive things instead of saying negative things because they can see their balance going up and they don't want to say negative things about their balance going up because otherwise it will go the other way but you know you look at what happened with the 2004 the gold ETF it took gold from $400 to what 1700 today so the effect on you know kind of it obviously it was on the rise before then but it was you know very slow and obviously the ETF helped a lot of people that didn't again kind of the same problems with Bitcoin right so some people don't want exposure to actually holding the Bitcoin they want to be able to to have a piece of the pie without actually having the responsibility of owning your private keys and taking care of them and caressing them every now and then knowing that you've got value stored in those those 12 adorable words but yeah it took gold from $4400 to $1700 and it's going to do the same to Bitcoin and you know you've got all these services now that that all springing out of the woodwork even more that are like you know traditional services like you know PayPal adopting a crypto even you know mastercard Visa getting involved everyone's got an announcement you know they want to please their own shareholders who don't want to be left behind they've seen the impact on you know Tesla and co so you know everyone's getting the virus you know there's COVID COVID spread around the year in 2020 and Bitcoin is doing the rounds now. Joshua Gala the main steam financial press suddenly a friend of Bitcoin well tickle me pink who would have thought I actually you know one thing that makes me just so furious is like the elephant in the room hey maybe it's going to 100k because they're printing like psycho crazy fiendish freaks that too scared to tax the populace so they'd rather just dump on the savers and basically that's that's government in in a you know all wrapped up they love to take dumps on savers that's that's that's that's all there is about it really dumps on savers that's why it's going to 100k now that Bitcoin's going to 100k maybe people will stop saying it's going to zero Lamar Wilson yeah I mean I think all of the things that gentleman said before me are true and I also believe that it's going to 100k just because it's better money like and as the world I think only less than 2% of the world probably even owns Bitcoin right now so as that number goes up we will have more and more demand and we know we only have 21 million Bitcoin ever so as that number goes up basic economics is going to lead us to more scarce Bitcoin which of course leads to higher prices I don't know how fast it gets to 100k but for me it really doesn't matter because for me one Bitcoin equals one Bitcoin I think I said at the last time I was here and I will continue to say it the the most important part about Bitcoin is that one Bitcoin equals one Bitcoin and that even at 100k the value of Bitcoin is far greater than the price would be so I mean I think that's I think that's it's inevitable that we get to 100k because the rest of the world's going to wake up and realize that it's far better money one Bitcoin is still one Bitcoin and a great chance for you to give us a thumbs up at home we've got about 10 people watching I can see every single one of you on my screen and I can tell whether or not you're giving us a thumbs up so this is your chance even if you're watching on a recording version later still give us a thumbs up we can still see you and now it's your chance to predict against the predictor of predictors prognosticator of prognosticator the greatest mind in all of crypto trading Dan Eve the price of Bitcoin this time next week will it be higher or lower higher and I'm still by muted in fear of the ball fear of the ball kept you muted up and 69 420 it's going to happen Josh Egaala 69 420 has been called do you match oh 69 420 I think it's probably going to be more like yeah about that that sounds good that sounds good I'll I'll go with that I'll match Lamar will you join the party higher or lower still muted the ball is very powerful I think we're going lower next week because it's going to give me an opportunity to buy some more Bitcoin cheaply so I just wanted to go lower next week so I can keep buying these cheap big coins up so the but what did the boss say are we about to find out what the boss is the personal the personal advantage choice now will the price of Bitcoin be higher this time next week signs point to yes signs point to yes positive prediction you're going to start buying now yeah you can't trust balls can't trust balls but what about ETFs issue to Bitcoin futures ETFs are here paving the way for spot based ETFs yes you can finally buy Bitcoin on the stock market but it's only Bitcoin futures there are no Bitcoin spot ETFs yet Josh Egaala what's the difference between a futures based ETF and a spot based ETF and which one of them is good for Bitcoin you know that the the major the major thing that people should really watch out for with any ETF isn't whether it's a future or it's a spot and it's really what is it settled in is it settled in cash or is it settled in actual rare numbers in Bitcoin are these ETFs buying Bitcoin in the background and storing them for their clients if not then just stay away from them and buy yourself some Bitcoin even if they are it's they stay away from them and buy yourself some Bitcoin but that's that's that's that's that's on a different story you know futures are an interesting gamble you know futures came about from from farmers who wanted to sell their crops first without having the money up front so they would sell the crops at the price the crops are now which is usually you know what it is and then if the if the crop got wiped out from a big storm hey it didn't matter because you know you actually sold the crop beforehand and if if you did get it then the the buyer would get a good deal because you know when it goes to market it's a certain price it's you know these vip these sort of strange instruments these financial instruments as such to me I'm I'm a simple guy just like a lot of people out there where we're simple people and basically all I want is some some rare assets this why I'm into into gold as well you know I like having something physical that sits in a vault I don't like having money in banks because banks do all sorts of fun fun and games with my money gold it sits there in a vault gathering dust and holding value Bitcoin sits in cold storage just holding value doesn't quite gather dust because it's virtual but it's it's beautiful like that and that's that's where I like it these and that's actually spot so I'll go with spot if if anything Lamar Wilson Bitcoin ETF spot or futures um I would think spot because in the United States when I found out just by talking to a few folks and and kind of investigating is that if you have a spot based ETF in the United States you have to have the underlying asset and so therefore it makes sense for somebody like GVTC to launch a spot based ETF because they have so many Bitcoin already but but the thing that I see is that it's more and more of these entities go out into the market to create these spot ETFs what will happen is I think they're going to have a tremendous amount of demand because they're they will have demand for their issuance and they'll have to go out into the market and buy it at whatever the price is at that moment so I think that'll actually push the market to higher heights I think the only thing to stop in a spot is that you have around the globe these unregulated exchanges from a price perspective like the UOBs and the finances of the world that I think a lot of people don't want them to be able to manipulate what's going on with the ETF right so I think that's what's probably holding it back but we'll see we'll see how fast they go I think GVTC actually has a really good shot because of the amount of they have so I think I rather go spot that I would go futures but at the same time I also rather go just pure Bitcoin so you can custody your own stuff than I would ETFs. A unique advantage for GVTC as you say because they already own the underlying asset anyone else looking to make their own spot ETF would have to buy a great deal of Bitcoin thus moving the market or maybe it's easier just to buy grayscale maybe Bank of America another large entities out there and they're just going to say well we want to make a Bitcoin spot ETF this company has a budget maybe buy micro strategy I don't know maybe that's a bigger strategy a macro strategy Dan Eve your thoughts on spot Bitcoin ETFs versus futures so I definitely you know I agree that the spot because they have to have the underlying asset it makes sense obviously there will be a positive price impact but on the same thing right surely there will be potential negative impact if they need to sell out but I think the main thing that's good about the ETFs even if you know ultimately people should be holding their own Bitcoin and they should be you know hodling their private keys but the thing that you can't do if you've got a pension for example is is use it to buy say Bitcoin but you can use it to go to buy into an ETF that that that will allow you to have Bitcoin with money that you can't currently touch so I see that as kind of a real benefit the fact that you can you know you can eakin to Bitcoin with money that's not you know accessible until you're like 70 or 80 or whatever age they make it to by the time you retire but spot will away very good moving on to the exit question and I know we're very tired of talking about ETFs we talked about them for years we got one the price went up the markets happy shouldn't that be enough but now we have to worry about spot versus futures will they approve will they launch a spot ETF in the United States in the next six months two years five years or never Josh Shagalla two years to give them two two years a complicated regulatory environment Lamar Wilson yeah I definitely say two um I would say six to be aggressive just because we see the futures one but just to make sure that I'm more close to right I'll say two years two years Dan Eve are you also going with two I think less than two because the floodgates have opened right we've gone from one to two within like within a very short space of time there's going to be more there's going to be loads of excitement and loads of buzz maybe if if if if a spot request comes in before the end of the bull market then it might get approved but if it's after this bull markets over then I think it you know we'll be looking at two two years plus I like Lamar's grayscale idea I like that I'm there already there they already have a ticker symbol there already buddy buddies with the right people they just kind of roll in grease some hands I have a Bitcoin ETF in less than a year let's go less than a year joining Jan Dan and the rebel party there moving on to issue three one Bitcoin equals one football Tom Brady says he gave a Bitcoin to the fan who returned his 600 touchdown ball yes he got a lot of things for that 600 touchdown ball but what he didn't get is back his leverage as the article says once he gave up the ball he lost his ability to negotiate he ended up getting a couple of signed jerseys a Tom Brady helmet game Warren spikes from the wide receiver Evans from the game as well as some other uh chachkees and it sounds like around a little over two years of season tickets and now a presumably at the time of the show around 64 thousand dollar Bitcoin a Lamar Wilson to the man make a good trade what about Tom Brady uh valuing one football equals one Bitcoin I think neither one of them made a good trade I think when you have the 600 touchdown what most people consider to be the goat I think that he should have just held onto that ball for future generations um but given that they gave him one Bitcoin I think future generations if you can hold onto the Bitcoin are going to do very well so I think Tom Brady made a crazy decision giving up one Bitcoin because we just talked about it there or only ever be 21 million whole Bitcoin and Tom Brady gave one up for a football and let's you know Tom Brady might be a great football player but he doesn't necessarily completely understand Bitcoin I want to stand up for the fan here I want to defend him a lot of people who are worried about the monetary value of this football given that Tom Brady's first touchdown ball from the NFL recently sold for around four hundred and twenty eight thousand dollars so a significant sum for a significant ball is the 601 the most important what if he goes seven hundred eight hundred nine hundred a thousand I'm getting 600 touchdowns is a lot of touchdowns I just want to stand up for the fan who did the right thing for his team and who acted like a true fan he's a fan of the Tampa Bay Buccaneers one of the players gave him a ball that the other player through he loves both the players they won him a super bowl last year he's got incredible seats he's a big fan of the team and he did the right thing by the team if the Oakland days needed a ball back I would give it to them even if it wasn't Ricky Henderson Dan Eve your thoughts on Tom Brady and one Bitcoin equals one football well there is there is a bit more to it though right because it's not just one one Bitcoin because the the cool thing about Bitcoin is that it's it's it's traceability right so as much as people say it's nefarious you know it's it's completely anonymous well it's not it's completely traceable which is the point of the public ledger so surely there's value in and maybe not as much value as obviously the four hundred K for the previous ball but the record or whatever it was that that one Bitcoin was owned by Brady right so if there's a markup on that it's like it's like you know it's it's it's got history to it it's the Bitcoin that the traceably you know definitely that piece of Bitcoin or you know a virtual Bitcoin that was part of that 600 you know the 600 catch deal so I think it's kind of got its own it's own what's the word you know I suppose yeah markup right it's like it's like the Bitcoin that I kept when the Adam back gave me if I'd delivered a satellite which I then accidentally spent oh so that was if that was a bad idea I was meant to keep that forever but yeah I think it's not just that and also where's the ball now right so the ball it's it's not in just one person's home it's going to be probably in some exhibit somewhere there's going to be a lot more people enjoying it they'll be able to see it so there's yeah I think it's this it's you know the end of the day the guys got a Bitcoin and we all know where that's going in the next couple of years so there's always going to be a bit of a cap to how much that ball goes for for the 600th but there isn't a cap to how much Bitcoin will go for eventually there's some interesting legendary Bitcoin going around Dan I know you had that Bitcoin from Adam back and my brother made a unique trade with Peter Todd for a hat I wonder if he still has that Bitcoin as well Josh Shagalla oh oh I wanted to say there's a there's 23 people watching us now so some of you must have been pushing that thumbs up button others of you are sharing this on Twitter or spreading the word so you're doing a bad job keeping a secret don't tell people that we're on it's a live show you don't want to promote this by pushing the thumbs up button pushing share and subscribe down below secret this is where you get the real insider knowledge about the triangles and the trading and you know we have the ball I mean other shows they talk about predictions but you know do they really have them Josh Shagalla your thoughts about American football and Tom Brady trading a Bitcoin or a football Tom Brady well look I'm an Aussie we play you know rugby we we pound each other's heads in the ground for a piece of pig pig leather I don't know like yeah look we've all made our ridiculous purchases throughout the years we've all spent Bitcoin on places we probably shouldn't the fact of the matter is you can't look back I'm pretty sure Tom has enough money to buy his to re-hottle as I like to call it where you spend the Bitcoin to move the economy and you buy it back on the other hand to keep the huddle power so yeah I think it's good the more the more Bitcoin the better that's moving around I like people spending it I like people moving it velocity of money is important as most as you know even though Bitcoin has don't like to say that and start to equate me with I don't know Roger Ver or something I do think I do think it's important and that's why we have the Lightning Network and yeah as much as you can try the Lightning Network out I think you should because it's phenomenal fun it's the way it's the way you really trigger those aha moments is by sending it to someone or by someone getting it and and I don't know maybe it's too late for the aha moments nowadays maybe everyone's already had their aha moment after reading Reuters but let's yeah let's see it's a tremendous advertisement for Bitcoin it's another one of those things we would have thought impossible years ago that a a footballer a jock would have Bitcoin would value Bitcoin would give it away to someone showing the value trading the value of course he was sponsored he's sponsored by blah blah blah calm and he's probably going to get a cut or he'll get a you know discount on this Bitcoin or something but still fantastic advertising for Bitcoin I tell you what what like I want you know when when someone dies you hang the flag upside upside down and you my friend has a upside down Bitcoin pin on your on your shirt so I don't know who's died or what's happened here maybe that's ah there we go it slips or something but yeah and it's reverse image too I can't even tell moving on to the exit question Lamar we're gonna ask the same question that you already answered but we'll ask you anyway which is crazier giving away the epic 600th touchdown catch is sure a hall of fame ball you could put it on your mantle place you could impress women with it at a bar or giving away one Bitcoin even if you are rich rich rich tom Brady you still gave away one of 21 million it might be hard to get back in the future Lamar which way you're gonna go probably the Bitcoin good yes definitely the Bitcoin I mean listen a football is a football is a football yes it was this football that he threw his 600 touchdown with and that'll never happen again because the next will be 6 someone that's still only 21 million Bitcoin and guess what like my man said he's an Aussie he doesn't care about football he cares about rugby balls and soccer balls and kangaroo toast so because of that the more important thing is the actual Bitcoin so the it's crazier for for Tom Brady to give up a Bitcoin than it is for the guy to give the football over the fan made the better deal that far the marmakes a good point internationally giving away a football they wouldn't even expect this oblong thing they'd round it we want a round ball there's other countries where they don't care about either footballs they like cricket or other games they would definitely prefer a Bitcoin so the international crowd is probably going all Bitcoin here asking what's the big deal about American sports Dan Eve a Bitcoin or a football I have to say I have to say it's crazier giving away a Bitcoin even though on my on my birthday in 2017 what I was when I was feeling pretty pumped I also gave away a Bitcoin but it was to the water project so I know that I still kind of you know there's a bit of me that you know if I'd have actually had to hand it over it wouldn't have happened but because you can press it over magic me a press a button to make magic money go over the internet it's a lot easier but yeah no it's a crazy idea don't don't give away your Bitcoin or do for charity own it's a real football a real physical world football not an NFT of a football Josh Shagala would you trade me one Bitcoin for my one football no you can keep your footy what if I include an NFT that says like 600 it's like this is the special 600 football NFT well at the end of the day at the end of the day it depends on why you have Bitcoin if you have Bitcoin because you're a banking revolutionary and you want to change the world and you you build stuff and to do with Bitcoin you're in you know then maybe Bitcoin but if you're like a full on sports fan and that's your stick and you think that ball is going to go up in value you know a lot of a lot of what we do in this space a lot of what we do in the entire world is a speculation and and most people like I don't speculate yes you do everyone does and and so you know in a way it's a speculation on Tom's behalf that it will go up for him he's got enough money so really it's about having that that 600th one giving it to his grand kid I he got his 600 I gave someone that four billion dollar Bitcoin but um uh you know uh yeah it depends why you have it why you do it why you speculate on a certain thing but uh yeah I'd take the Bitcoin I think it's important that everyone watching this story understands that Tom Brady here is the victim Tom Brady's won all these super balls he's got all these money he's got to mansion he's got jazel but he's got one last Bitcoin now and all he got was this hunk of pig skin for it so minus one Tom Brady of but he's already got a million million billion points on the board he's far ahead of anyone that you know anyone that I know but not the people pushing thumbs up we're up to 30 viewers and it's because the people are pushing thumbs up they didn't even get a football what kind of a rip off moving on to issue four crypto currency price news squid game crypto surges 24 hundred percent in a day after sheba in you on the rise and Bitcoin recovers desire news sheba in you coin has reached an all time high should you invest and we've got more where's my graphic don't have the graphic on there all the graphics on here here we go we have to wait for it Dan are you ready to talk about this issue there's one more thing back in the old days of crypto we used to do stuff like this crypto big brain we solve the Byzantine generals problem and created a global decentralized currency crypto now coin has dog Dan Eve does this coin have a dog sheba in you coin squid game coin what's next well the crazy thing about that article is that when it was written like earlier today it was they quoted two dollars twenty two and and the price now four squid game is eleven dollars fifty four so it's it's just insane markets just imagine that a few of bought a few of bought like a thousand dollars that would be worth five thousand dollars within a within a day so definitely i'm not saying go out and buy it i'm definitely regretting it because i did see it the other day and i was like loads of dumbass people are gonna buy that and it's gonna moon and it mooned and they always do they always they always do they always moon um but i'm not sure whether it's affiliated with squid game or not maybe it's another copy like carne coin when although the developers obviously had had to had to pull karnie coin um so i don't think it's i don't think it's like related to it but fair play very very clever uh you know you know enabling them so much traction just copy you know a current um viral series and then just make a load of money off it and then if they get told they need to change it they can just rename and they've already had got the traction and a user base but when you think about it like some of these coins are literally just a shareable NFT right they're just a collectible thing just like anything else but that is divisible and you know bitcoin itself is is is the most unique collectible ever as well as being obviously the hardest of hard money but if people like like the idea of something dumb like they can buy it man you know that's the that's the that's the beauty of a free market and if they think that it's gonna you know if it's gonna go up in value then people are gonna buy it and we can't stop them and that's you know dex is make it even easier for people to buy without you know having a stupidity warning given to them like at least some of the exchanges are like are you really stupid when you sign up and you've got to agree to these terms and conditions whereas like a dex you could just go on there and buy stupid and so it's it's calling a what it's calling away because it's like this limitless ability to buy something that's crazy and silly but the same time it's dangerous for people that don't really know what they're doing and get done but at the same time i know people that bought Bitcoin in 2020 at 2017 like $19,000 and then freaked out and sold at like 3000 so and their opinion of Bitcoin is worse than say it's a squid game for example because you can always buy it the top and sell lower but yeah crazy crazy stuff i wouldn't recommend getting into squid game but i do regret not getting into it but the show's fine show's cool uh when i read this article i just think about disingenulessness i think the whole article is full of disingenulessness from the squid coin people who aren't affiliated with the show from the shiba inu coin people who are an obvious copy of dogecoin to the media themselves who always write this article you can't just say this random crypto account bought $8,000 worth of shiba inu coin last year now they're worth $5.2 billion because if they tried to cash that out it would crash the shiba inu coin market i'm sure there are a lot of suckers maybe even some of these people can cash out but most of them won't most of them won't be able to because as soon as someone does everyone else starts selling as well and the whole triangle just goes down so media stop reporting on this stop multiplying things stop just making these claims if the guy comes to you and he has the money he says this is my bank account i made $5.2 billion on shiba inu coin well let's interview that guy but if that guy doesn't exist and he hasn't sold yet you can't just make these headlines and these clickbait articles about how much money you could make by shiba inu coin the most tiresome headline that i read as a bit coin or is if you had invested $1,000 in this coin on this day you would have this now i'm tired of it you do it every three months every kind of coin if the values up you do it if the values down you do it and it's always the wrong advice it never helps anyone it's never like Bitcoin is Transformation transformational technology and it just takes a while it's always like you could have made it or you could have lost it Josh Shigala can i sell you a shiba inu coin or maybe some squid game years ago years and years and years ago i remember saying hey um you know the whole fight is always it's Bitcoin gonna be the only one and and i i don't think it is i think there's going to be a few major currencies uh around the world the few major crypto currencies and um to pay it might be also depending on region like maybe in Asia like like coin or something like that or but i think like maybe the standard what we're working on might be uh might be the standard in terms of stablecoins who knows but um but what there will be i guarantee it will be a circus of casino nonsense that will always be there and it'll just be this this mess of a billion different brand names and and just like the stock exchange that a lot of stocks they don't hand out dividends and so the stock and the the stock price and the actual company don't really there's nothing really tying them together uh it's just the thought of owning something part of a company there's no dividend remember so so uh you can make a brand and tie it like a coin and and it might trade on something rather and this is the same for you know can you mention Kanye coin all those years ago um and so you could make a any coin and and just tie it to the brand and people go oh let's do in fact that's why uh Bitcoin cash uh well big connect that's why big connect went really crazy a little bit because they had the wrong ticker people are like is Bitcoin cash gonna be bt uh you know bch or is it gonna be bcc um and then of course everyone went bcc what what's that you know and then that drove that thing up so there's all this speculation in this weird strange circus underneath um is always going to be there um but it's really a gamble it's a gamble just like through just like a coin toss yeah you might make it you might make some crazy thing probably not because even if you make it human psychology is oh my god i'm not letting go of something that's going up up up so unless you are a hardcore trader who's very cold and calculated and goes right i've made three x i'm selling even though it might go 20 x and go yeah i've made three x instead we're like i'm gonna hold on forever and then oh well you know i'm in a casino coin and um i i held to the death so and that's what most people do do we call those people winners denial is not just a river in egypt shiba inu coin is a copy of dogecoin lamar wilson would you buy that for a dollar no it was funny because we've been around so long that we see we saw a dogecoin when it first came out and they literally was just a joke and it was fun to mess around with it play with but i don't think anybody looked at it as being some form of investment and now you have a lot of these people that are looking at these as a form of investment because they're cousin url totem they made a hundred dollars last night and granted most of it is on paper most of it is just them looking at their wallet scene at the price went up and they're like telling everybody oh i made all of this money not realizing there's a thing called slippage like you were talking about earlier that it when they try to actually sell it that is gone and so just understand like Josh said Josh was said it's a casino and that if you treated it such understand the same thing that happens in a casino you're probably more likely to lose all of your money than you are to make it the longer you stay in it so if you made so money don't be like your cousin early like you've hold known to anything that the money on the the money on the application is the thing that you've made make sure you cash that thing out and go get you some big coin and quicklyin around in the casino so much because you wouldn't tell people to walk in a casino and take their savings in their paycheck and put it on black so please stop walking around telling your cousins to bashy blue and new and squid gaming all these others because only a few people are going to win it's just like the lottery they say somebody has to win it might as well be you well the truth that always happens is somebody has to win and it's never you so just realize you're not going to make a lot of money doing this and that it's really a gamble and it's a true bet understanding for what it is and if you want to play around and have fun hey I'm not here to tell you what to do with your own money so it does keep happening though there are early winners on this project I had a friend of mine who was early into bitconnect he was early in he got out early he made money he was happy with it there's always going to be people like that telling you about it telling you about how much they've made on paper like Lamar said if you haven't cashed it out you haven't made it yet you don't know if the value is there I know a lot of people that were on paper doing very well in NFTs and if they didn't cash them out if there's not a buyer there for your product you know they're it's pretty nice with Bitcoin now there's lots of people willing to buy it anytime you want to sell there's somebody probably on this panel who will buy your Bitcoin for you but if you've got obscure coin or you've got really obscure NFT coin there might not be a buyer when you need one they might offer you less and like we said about these markets the the 5.8 billion dollars that the guy is going to cash out of Shiba in your coin that would wreck the whole market if he tried to sell our remember when it was I think it's even the same coin where they gave a bunch of it to Vitalik because they thought they were burning it and Vitalik's like oh yeah I'll take that and I'll randomly donate it to covid prevention in India and they had a whole hassle figuring out how to sell it and whatever they're going to do but eventually if they sell that Shiba in your coin they wreck that market so yes there are winners there are losers but it's just like that old thing when you sit down to the poker poker game if you can't spot the mark in the first hour the mark is you right think about how much you know think about how many people know about this coin before you and think about all of them ready to dump their bags on unsuspecting suckers which is you you're the unsuspecting sucker you're the one trying to make a million dollars with a one dollar investment and no time at all like that's ridiculous it's never going to work but that's your plan it's it was a secret but I ruined it thumbs up still a chance for you to join us I don't have an exit question we're going to move on to issue five issue five what bitcoins environmentalist critics miss it's labeled as opinion but we all know that means it's true normally they put out these fud scary articles about how much bitcoins using and how it's not as much as Christmas lights and not as much as PlayStation 2's when they're sleeping and not as much as a bunch of other garbage that we don't need whereas a nice banking system like Bitcoin that does sound pretty nice but this article doesn't say that this article pushes back and we will to read Delec directly from Alexander Leishman writing here in Newsweek now owned by Daily Beast it's just a tabloid but he says the the achievements of Bitcoin are concealed from public view but so are bitcoins environmental benefits the logic is simple but also easy to miss Bitcoin miners will go where energy is affordable and increasingly the most affordable energy is renewable over 50% of the energy powering Bitcoin mining comes from renewable sources and that percentage is growing in other words Bitcoin mining has nudged the world towards sustainability by creating economic incentives for renewable energy production there are parts of the world including huge patches of air at desert land in which the sun shines brightly and the wind blows fiercely but without Bitcoin it is not profitable to capture that energy because Bitcoin can be mined anywhere in the world it helps ensure that tremendous natural power isn't wasted the breathless headlines miss all of these facts but perhaps the errors ought to be expected they come from a tradition of technophobia that is fredded over everything from the telegraph to the light bulb to the car in their haste to cover Bitcoin miners energy use the critics fall into this familiar pattern letting technology short term effects obscure its long term benefit and potential shocking support from the mainstream media about bitcoins energy Josh Gala what do you think about this incredible take from newsweek yeah it's quite refreshing i mean it's something we've been saying for I don't know like six years on this show i don't know how this is by the way folks the longest running crypto show in the world i just want to outline that we've been on air longer than any other show in crypto regularly every friday um but uh yeah along with that goes a long long string of articles about how bitcoin's killing the planet um so it is like no and every time we say actually it's actually driving a lot of r and d into renewable energy and it's actually driving a lot of pressure into renewables and um in fact if you if you go to China most of the of the miners that were in china they're not there anymore um because it was made illegal but most of it was sitting direct at hydropower plants uh where there was not one single bit of carbon spill um so yeah it's it's it's really refreshing to see um you know news actually make an article that I would click on so thanks uh newsweek uh not only did I click on your article about satoshi nakamoto being durian nakamoto but i also clicked on this i think i've got one of those on the wall behind me over here the mar your thoughts on newsweek suddenly coming around to bitcoins environmental benefits yes benefits listen man the media the media sways whichever way they think the wind blowing right um the media said that eggs were bad for you then the next time you look around eggs are good for you big coins awful for you it's gonna kill us the next thing you know it's something you need to add to your portfolio that's why you just have to be very careful of the fiat mainstream media um it is backed by fiat which means they need more and more of it for them to survive because what they're getting is worth less and less and so they'll do all of these things just to try to make this isn't thing there's nothing greater than creating a hero and then tearing it down tearing the hero down and then building them back up again and and big coins has become that hero that media holds on to because if you don't go through those cycles media has nothing to write about big coin is the most boring subject in the world and it's boring for a reason because it's the foundational money layer nobody wants to keep talking about the foundation when we try to figure out ways to do it and the way the media goes about doing it is about creating these provocative pieces and they're educating you on something that has already been said 45 different times so the media is doing what the media does the energy crisis there is no crisis and I mean I don't know how much more benefit big coin provides to a desert I just don't know because you still got to transport the energy from the desert to somewhere else and that's going to actually use probably some carbon source to get the stuff from the desert and somewhere else so that's just being real man that's just stack big coin and teal that's it it makes it really easy Dan Eve your thoughts on the media coming around on Bitcoin well you know it's just one journalist right now but it might spread on and you know there's been a number of studies that have said that the the amount of renewable energy that's used for Bitcoin is a lot higher than the general media would you know would let you think and that's because it's you know the media plays on doom and gloom right it likes the idea of spouting stories about the of world ending stories because because a story where something does no damage is is a lot less interesting than a story about something that does loads of damage and you've got to be really concerned about it and give people a reason to go and get like little you know little flyers and pickets and and and stand outside somewhere and chant things and do crazy shit like clearly their face to the ground and stuff like that but I did read an article today actually contrary to this one which was that all well actually it wasn't contrary but it said that every Bitcoin transaction costs a hundred dollars of electricity and you just think about the look at the shady methodology that they used to come up with it and how crazy it is but you're going to get those those clickbait headlines that's how the world works right that's why it unfortunately when you read any old article you see your sorts of random crap about like I don't know Matthew Perry's new like shoes having a hole in them or something random that's just just silly because people like looking at crazy stuff but it's good that that renewables are being monetized they're driving out the efficiency and they're driving out the most efficient ways of of of electricity and turning that into something insanely useful there is the argument of course that the that that where it comes to push comes to shove and the Bitcoin miners have to be turned off because they've got to supply electricity to the grid that's no longer excess then you know that that's that's obviously still apparently a bit of an issue and you know whether they do actually turn the miners off to provide that electricity they might get hit by fines or whatever you know who knows but if this article referenced the fact that it said somewhere in there that there's 50% now that's over 50% this renewables so I'm not sure what the source is but they should provide that source to Tesla so that Tesla start accepting Bitcoin again and then we we go even quicker to a 100k because you know how excited everyone got last time Tesla was accepting accepting Bitcoin it was interesting they had no reason for doing it and then they canceled it for no reason I agree with what Lamar said earlier it does seem like Bitcoin's on the heroes journey but it seems like it's a circular journey it's like Groundhog Day we keep completing the thing then we wake up and we do it again and we complete the thing we wake up we do it again we we vanquish all these things and then they come back and they come back so that's why we covered this article it was great to see a different take on environmentalism from the mainstream media who so many times gives us those Bitcoin is using more energy than this small country or Bitcoin's using more energy than this larger country or this group of countries or whatever and they never mentioned the PlayStation thing they never mentioned the Christmas lights the biggest waste of energy is the articles being written about the waste of energy that's it the whole economy it's a whole circular economy where you know we talk about it they write about it we talk about it they write about look at and the people listening right now there's a you guys are obviously pushing that thumbs up button against my wishes here there are 37 people watching the show it's supposed to be a secret not supposed to tell anyone but you could still push that thumbs up button you could subscribe down below like Josh says we've been doing these shows since 2013 we recently started to replaying some of the old ones we got a comment the other day people like my mad bitcoins hat I'm like eight years ago guys eight years ago but you can check out all the mad bitcoins episodes on the mad bitcoins channel there's like 600 of them but we're running out of time we're moving on to issue six Goldman Sachs is giving hedge fund clients crypto research from data firm the block yes they called us rat poison they said we were the worst invention ever we were Ponzi schemes we were going to destroy the environment we were going to just crashed and nothingness it's going to go to zero it's going to get hacked your exchanges going to get hacked your wall it's going to get hacked your computer all these things and now Goldman Sachs is giving their hedge fund clients again not their normal clients not you but the hedge fund people are getting that specific and that really need advice that again they could have gotten from this show you know eight years ago they could have gotten from mad bitcoins eight years ago by bitcoin you don't need to write a whole prospectus about it Lamar they're finally coming around let's take a little victory lap on a Goldman Sachs here just like the media they all are going to be like to just how it works Goldman Sachs but here's the thing that I read in the headline they're selling data which this is what's going to happen even more so as we continue to keep moving from a self custody into custody types environments these environments are not just going to custody your bitcoin or whatever they also going to end up selling data around what you're going with it so please everyone public service announcement learn how to custody your own bitcoin because they said they sell them the data from the firm the block but this is what I'm saying like banks are in the data business as well and they will sell your information down the river so let's let's make sure everybody gets custody but come on man it's same cycle is going to keep happening everybody's going to wind up with the trading to bitcoin because we know it's inevitable so it's interesting this report here says that the only way I can buy bitcoin is through Goldman Sachs and the only way that I can hold it is also through Goldman Sachs it's a really interesting report ridiculous right that's right but that's the way they're going to sell it they're the only ones who can handle your money Dan Eve Goldman Sachs now our friends well they all they slowly get they get they slowly gave in didn't they from you know JP Morgan turned it from from calling bitcoin fraud to you know to to piling in so that they're all going to do it and they've all been secretly stacking along the way all the banks even the central banks they've all been stacking they've all been dissing it in the background and and making out as if it's such a bad thing but they've been stockpiling it because you have to because stockpiling bitcoin isn't just it's like it's it's you know it's an insurance policy because you know they've got to hedge against the best asset the vastest growing asset and the hardest money in history they've got to hedge against that if they really believe in their own crappy fear money which they do they do because they still have so much control over it but they also know that bitcoin is a threat unfortunately bitcoin stayed the good thing about about bitcoin staying under the radar and being ridiculed for so so many years is that it was able to grow into this you know this incredible position with all this infrastructure that just can't be dismantled overnight or can't be taken down easily you know you can't you can't cut bitcoin off or just like turn the plug or whatever it's everywhere it's integrated into into so many different parts of society so it's a good thing that it stayed under the radar they're all these big banks were taking the piss out of it saying it was going to die we had the years of a bitch raris and and you know those have slowed down because people are realizing how dumb it is imagine being like imagine someone paying your assets a cut an economist right and you said for like 10 years for 10 years that bitcoin is worth nothing in its crap like you should be fired like you're an idiot literally an idiot so it's a shame but they're they're turning around they're turning round and bitcoin is the one it's the hardest money and and all the banks will capitulate in the end and now those same idiots are going to help you invest your money in bitcoin jashigala your thoughts on goldman sacks goldman's empty sacks now i i i tell you why they're not empty is because they played you they played you big americans they uh you know we well you know i mean some like when when i said think goldman sacks i think jp morgan i think they're all in the same game right so when when jp morgan chase came out and said we're going to like fire anybody that trades with this stuff um it basically the the price tanked and you know the jamey was buying up from the other hand you know that they were buying those rare digital assets those ultimately rare numbers and um and and now oh finally enough we're going to help you trade it as well the i mean guys if you just shouldn't listen a to us uh in terms of investment advice but b you shouldn't listen to these dicks either because they're just fools do your own research check out always check out um you know the world crypto network check out the fantastic work over the black blue nays club on clubhouse um you know these these communities give you the right advice in terms of where to start looking uh okay they're not advice it's not financial advice but it's it's education and you need to make you need to trust your gut you need to learn how to fail you need to learn what scams look like because the government's been protecting you way too long but you don't even understand what a scam looks like anymore um because they they've protected you like oh you're not allowed to invest you're not an adult you can't invest in a new startup no no only only accredited investors can do that you go over there and gamble on that horse would you like you know it's it's they they have they have basically suffocated you as a normal human adult being it's now time to learn what it is to find a very very good investment and actually follow your heart and mind and and and and and make those decisions for yourself because these idiots are just playing you we have received reports that everyone who was fired has been rehired uh everyone who lost their bank account has been given their bank account back and if they destroyed anyone's business by cutting off their banking access uh they've given them all their money back they're just uh all the banks are all of our friends now forget all those things that happened to you forget moving on to our other our other bonus issue now i know this is an advertisement and we don't play advertisements here we don't even put them on the videos anymore i don't know if anyone noticed that but we don't and uh but this is my favorite advertisement i love this advertisement it's about bitcoin well it's about crypto if we have to do that but it's really about bitcoin it features mat daemon legendary actor writer of goodwill hunting and uh let's just watch it right here it's one minute that we're going to talk about it history is filled with almost with those who almost adventure who almost achieved but ultimately for them it proves to be too much then there are others the ones who embrace the moment and commit and in these moments of truth these men and women these mere mortals just like you and me as they peer over the edge they calm their minds and steal their nerves with four simple words that have been whispered by the intrepid since the time of the Romans fortune favors the brave oh it's the greatest thing i love everything about that commercial except the crypto stuff or whatever and the it's fortune favors the bold i think is the more popular variation but just look at the details look at that clipper ship the way it digitizes in look at that girl she's going to kiss him back look at the african-american female satoshi as an astronaut this this is the stuff of dreams people this is and again the whole message here is that you you early bitcoiners that's who he's talking about he wants a bunch more people to join him and to get on his new exchange and make money with him and tom Brady and whatever but what he's really talking about the people who have come before the historic ancestors and such he's talking about you the bitcoiners who had faith in this ridiculous thing that no one else even mat damen didn't believe in and now we've got mat damen we've got all those computer effects all that stuff i think it's a triumph fantastic commercial let's go first to Lamar what do you think about crypto.com and they're amazing new mat damen commercial oh man um what do i really i think it's good and bad isn't it it's like it's like it's like a lot but it's got good parts it's cool but it's still not better than the fever commercial from back in the day the fever commercial the fever slash gift commercial was the best commercial in bitcoin hands down but it it was man i don't know man i know this is just the weird thing for me for uh fortune favors the brave and and what he's basically telling people is to go on the crypto.com eight into a whole bunch of outputs there's literally what people are going to do when they go to crypto.com it's like are you brave enough to buy this ridiculous coin on crypto.com that's that's the message that i'm hearing you know let's say people have anything else it's this coin looks ridiculous but i'm going to be brave and fortune is going to favor me that's what i see from it i think it's i don't know uh maybe uh hi man i'm just gonna leave it a bit how romantic for fortune to favor the brave i think we have the the fever bitcoin wallet commercial is this the right one Lamar? i can't hear it but i can play it if it's the right one yeah that's the right one all right here we go so this is from i don't want to say like eight years ago Lamar and lafe had this really cool bitcoin wallet name fiva you could sideload it on your apple phone when there were no bitcoin wallets in the ios store had a lot of other cool features like gift cards and stuff let's see what happens on the fiva wallet commercial bitcoin crash last Sunday it doesn't make any sense you some computer programmer and code robot guy nobody's ever heard of if it was money we would call fit point money they don't call it money can't buy anything with bitcoin pizza and drugs it's a quote shut down to keep my drugs will you ever going to be able to buy anything with bitcoin you want to help with these? how did you throw please the fever bitcoin wallet now plus gift oh nice nice class that is cool man thank you thank you thank you i told you it's the best bitcoin commercial in all time is it still going is it is fever still going? then the fever fever the fever wallet has been shut down for man many years now we yeah we were making any money with with because we weren't charging anybody crazy fees to just bag in garden and so you know but it was it kind of kind of put us on the map right that's how I met all of these people that's how I met mad big points and everyone else so yeah man the fever bitcoin wallet that commercial was the greatest man nice it's amazing the ripples that these early projects can have I know Lamar and Leif were working on that back in the day and then they went back home and they started a whole project like educating the youth about cryptocurrency and programming and all kinds of stuff and just all kinds of people got helped from what they did and what they continued to do and now with the black bitcoin billionaires over on clubhouse Dan you're thoughts about the crypto dot com commercial and now also the fever wallet commercial well first of all on the crypto dot com one is it's very awe inspiring right it was you know you know as you pointed out they've got the nice graphics and you know the the romance sort of part but when you think about it the it's a bit silly because well first of all they didn't they the only sort of reference to bitcoin I saw was the little satoshi tag on the on the astronauts suit but also the fact that they're comparing just buying some crypto because they didn't say bitcoin specifically so they're talking about general crypto because crypto has got its own cryptocurrency right mco or something like that so they're comparing like buying a shit coin with like traveling to new worlds climbing Everest like this this array of things it's a pretty stupid like leap really but you know it gets people out there it's got celebrities people like celebrities and then they'll go and you know looking then they'll learn about shit coins and then they'll buy bitcoin and it's that cycle that everyone you know goes through but I like the fever advert I thought that's amazing I thought that was amazing I it went a different way because I thought when he was sort of yapping to his girlfriend about bitcoin I thought that on the on his girlfriend's face I was like that's exactly how my girlfriend looks like when I'm going like blah blah blah and she's just like totally disinterested like hmm but yeah nice twist where she actually used the app and used bitcoin to to buy a load of groceries so I think that was absolutely spot on and it's a shame it's not still around because I'd be using it right now oh very nice joshagala your thoughts on crypto.com and fever wallet yeah yeah yeah krillum you know it's these sort of I don't why you like it mainly is because it's a museum let's face it you love it because it's a museum yeah for those that don't know mapecones loves museums hey um so I like it I think it's nice it's it's very long in a museum it belongs in a museum I mean look I think you know it does give this epicness and there is an epicness to bitcoin there is an epicness to changing the banking system that that really all of us has been praising there is an epicness to the fact that it's changing the entire art scene there is an epicness that it's changing the way we think about money and what it is it is an epicness that we take take power away that we separate money and state that it's the kind of in a magnetcarta sort of moment really is grand it is absolutely grand but I feel that this commercial with all of its glory is it's just not it could have been clever it could have been a little bit a little bit more clever than what it is but you know it is what it is I like it there are some really nice big crypto commercials out there but I think that fever one really gives me the fever I got a fever and the only answer is more cowbell and that ad very good very good I I still think it's an epic commercial I get what you guys are saying about the shit coins and stuff but I just see it and again if I could I don't think I could picture a better commercial than this I'm like what you start you got mad Damon like Josh says he's walking through a digital computer museum with all these effects going on and all these things that I already like like Clipperships and Wright Brothers and Spaceships and astronauts and stuff like that it's already well up and you know aligned with me we didn't even talk that much about the guy trying to kiss the girl there's kind of a geek superhero story there that he's out there dancing with her and it's going well and just I perfect commercial I don't care about the crypto part it's super funny just as a side note you know when we started the world crypto network in 2013 we were using crypto as a generic term for cryptocurrency we're also interested in other forms of cryptography like encrypting our email cryptid messages and to end encryption other things like this computer stuff right world crypto network exactly well that was our name and that was our thing that was like already the the guy James Daniel already had world Bitcoin network so we weren't going to copy James that's not cool James is cool but um so yeah world crypto network but it's been really fun and interesting to see recently there's there's people out with pitchforks and they're mad about the word crypto and they want to tear everybody down that uses crypto and Brian Armstrong famous CEO of Coinbase would always say crypto he'd never say Bitcoin it was the strangest thing watching it happen knowing that he made his fortune on Bitcoin then he put it in a theorem then he put it into his big company and all that stuff but still you think like Roger Vary you'd be like dance with the one that brought you right but no not these guys they're like I dance with whoever comes along but it's great so I don't really care about the crypto thing but it is funny to see the people with their pitchforks and then to quietly be over here like we said that in 2013 it's a generic term don't mean offense by it but I guess people are very up about it so I'll probably get to meet him now but I think we're running out of time it's been a big show Dan Eve do you have a prediction of the story of the week or more to say on crypto? I'm I just got a few things I just want to I just want to cycle back um to something because I missed about about Shiva specifically now I'm not shilling in in any way but there's just a few fun things I wanted to point out I don't have any any ship point I wish I did it's one of those situations but this specific article may be left because the the person who they got to talk about ship coin who said stuff like nothing sets it apart in terms of if it's functionality and we'll cycle back to that again but the guy's name is Douglas Bone Path right Shiba Bone Path and he's a certified financial planner and president of bone-afired wealth so he's he's literally he's got bone in his name so no wonder he doesn't like the the dot because he knows the ship's going to eat him but anyway this this functionality now that there is there is the kind of uniqueness to certain things that have given them appeal right so you can have like something that does exactly the same function as something else but people like it because it's got a dumb ass name and Shiba have literally smashed that so just just just a quick walkthrough of the features so digging is providing liquid liquidity to get bone they've got burying instead of saking they've got a bone folio instead of portfolio and they've got a swat they've got fetch for swapping tokens and and the best bit of all is a woof paper but don't buy it don't buy it just look at it laugh at it and and don't buy it my story of the week is that this this is is brought to you to this this me in this in this in this show is brought to you by the standard this week because I'm wearing the standard hat and if you look close enough you've got Chancellor on the brink of second bailout for banks sorry slightly dirty that's the quality of the camera you see showing stuff up hey thanks Dan man cheers for the shout out nice and check out the standard at the standard dot IO some kind of thing yeah story of the week prediction where you got yeah well we just started big competition on the standard IO and we gave away 20 packs of merch t-shirts and and bags with with the original Satoshi Genesis block print on there and another jumper with a similar to that a whole lot of stuff we're 20 winners we had like a fair picking system that we all do live so make sure but and the next that are every week we're giving away a bunch of stuff next week's giveaway is five air put air pod generations three and then when you're in for that we're giving way also iPads and air pot air air air something rather air pads air book pros or Apple stuff that's what we're doing Apple stuff now the reason why we chose Apple stuff is because you can buy it in every country and ship it to them locally which makes cheaper for us and but it's some really really cool merch and I'm really really happy with the community check out the stat on on telegram the standard underscore IO is the group and and we're chatting all sorts of stuff about crypto there check it out really really cool community very cool gonna have to get me one of those cypher punks right code hats maybe I can get a star and it says like PHP and my SQL counts as code something like that it's it's going to kind of loop around the back yeah we've got another one chicks dig unix finally right I learned all those commands for nothing but soon I will be unzipping and L-Sing and all the things that I need to do with the command line Lamar prediction or a story of the week go ahead yeah so it wasn't necessarily this week but last week we did our first black bitcoin billionaire demo date where we it was a pitch competition you win $20,000 on clubhouse $20,000 worth of Bitcoin on clubhouse shout out to a cracking and cash out for a sponsor net but we were able to give $20,000 away to an upcoming company that is trying to put miners in section 8 housing and use the subsidized energy to mine big coins and then use those big coins to help those people get their first house so it's a pretty cool yeah pretty pretty cool business and make sure you check us out in the next quarter we're going to do it again we're going to keep doing it as long as we still have Bitcoin to keep giving away so we're going to keep trying to do that but yeah that's probably the biggest story for me of the past week as it went off without a hitch we had a wonderful group of panelists and everything was just really cool so yeah man nice nice well done that's a it's a little like Mr. Beast maybe if you can keep rolling the sponsors money big enough maybe you can be giving away houses soon just like sponsors ideas sponsor back in come on let's give away a house here people want a whole house yeah you've been doing a great work with the black bitcoin billionaires on clubhouse on Twitter spaces all over the place producing a whole new generation of Bitcoin evangelists to understand why they bought the Bitcoin who want to hold the Bitcoin who want the private keys you don't have to be black to understand this you don't have to be black to be involved it's a great group very supportive love the black bitcoin billionaires everybody check that out on clubhouses or Twitter spaces or wherever you think I think we're running out of time it's been an epic show I know everyone got a good chance to give us a thumbs up but if you didn't still a chance to push it at the end if it's your first time here you could subscribe we've been doing these shows since 2013 you can still subscribe today all right and that's about it we're out of time until next time bye bye