#282 — The Bitcoin Group #282 - Banks & Crypto - Squid Game Rug Pull - Not Satoshi - Facebook

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. And Eve, the crypto raptor. Greetings and salutations. Adam Meister, the Bitcoin Meister. Pound that like button. And moving on to issue one. Issue one, banks tried to kill crypto and failed. Now they're embracing it slowly. Digital payments technology is forcing the financial system to evolve. They feel their power waning and want to regain control. As well as Australia's largest bank to integrate Bitcoin services in their app. Bitcoin is everywhere. Dan Eve, your thoughts about the banks suddenly in favor of crypto. That's the classic. If you join them and JP Morgan have been for years, they've been we've recovered it before, but like teetering on the in tampering. So he was the called tinkering with the blockchain. So they had like, you know, they've had JPM coin. They've got their own private blockchain. I don't know what the point of that was, which is what core. I think they in fact, they rebadged core and then sold it onto a startup or something. But with their own JPM coin, I think they actually, they were told by the regulators that they couldn't use it externally. So it was like, and it was like a proper intranet coin, an intranet Bitcoin, like the dumbest type. So you can only use it inside the company and let you settle stuff in real quick time, like a normal database can't apparently. But anyway, they sold that on now they're of course, they're lobbying against, against crypto currencies because they see the threat. And before it was just a case of laugh at Bitcoin, because you know, Bitcoin is this ridiculous magic intranet money. And you know, it's almost like they didn't want the regulators to do anything because as we said before, it kind of adds legitimacy if if if if someone endorses it, not endorse it, but recognize it. As soon as you recognize Bitcoin and it's not this joke that people talk about, you know, at the end of a night out in the pub and La or say the night out at the end of the Christmas, the office Christmas party in the bank and they're like, oh Bitcoin, maybe next year. And they're like, oh shit, we should have stocked up on some Bitcoin. You know that some people did, but JP Morgan, they've had a history of like, you know, telling their own staff that they'll sack him if they traded crypto. So they've kind of wavered quite a lot, but ultimately it's the old tortoise in the hair that Bitcoin has caught up with the banks, especially now that El Salvador is being like, you know, becoming the biggest, you know, you know, national is having a national use case. It's been rolled out nationally with the help of lightning. And yeah, the fact is if you spend too much time laughing at something, you don't realise how it's creeping up behind you and growing bigger than you because you've put your back turned and you're like, you know, to dismiss this stupid technology. But they did. So just the last thing is that JP Morgan, I think they had something like 170 failed big blockchain patents in around by around about 2017 or 2018. Actually, I was reading earlier, which was quite surprised, but Bank of America is now like the biggest holder of blockchain based patents from the banking side with 160. So they're kind of trying to, I wonder if they're trying to overtake the notorious patent trolls, Calvin Air and Craig Wright and N Chain with their blockchain patents. But I don't know, it's all waffle because there's only one Bitcoin. It's always great to see banks competing with others for patent trolling. Adam Meister, your thoughts on banks and Bitcoin. Dude, I love that non-American way of saying patent patent. You know, you're fricking sophisticated when you're here in patent. You know you're on the original show, the original fricking Friday show people. I am so fricking pumped Thomas. Thank you for having me on here. And what you banks care about, you know, everybody likes to build up by the banks. They want to make freaking money, okay? So of course, it was only a matter of time before they would get into Bitcoin. I never believed the BS they were going to destroy Bitcoin. No, they were going to jump in and love Bitcoin, bring it in, tell all the normies, they were going to hold it for them. And that Bank of America, Wells Fargo, you want to get into Bitcoin before they get into Bitcoin, okay? I've been yelling and screaming about that for a long time. And now we're at the point, we're, yeah, those big banks, they're in the Bitcoin, JPM. I don't care which, I don't know the difference between them all, okay? Yeah, it was only one day closer to them holding lots of Bitcoin and so many people are like, oh, why would you want to be in the Bitcoin, the banks held it? That's the point of Bitcoin. Your worst enemy can hold it and you can't do anything about it. No one can do anything about it. That's what makes it freaking awesome. So you should be free, if you hate banks, if you're envious of banks, if you think the bank screwed you, you should be happy they're buying it hand over fist, okay? If you already bought it. I mean, if you didn't, then they beat you. And I mean, you're just like, do you talk to talk? You don't freaking walk the walk, dude. But yeah, of course they're holding it. All these people that say, I mean, predicting for years, they'll be normal, no more normal banks anymore. No, no, no, they'll all, they will become so much richer from all this. As the normies, most people still don't want to hold their own Bitcoin. They still trust those brand names like J.P. Morgan, back up in America Wells Fargo. So they're going to make a killing by simply holding people's Bitcoin, which is really a simple thing to do. And you know, you're talking about the patents, this, that and the other. They probably, they can experiment on so many different things. Some people over there were just, I mean, maybe they wanted to hire one manager, wanted to hire more people to do things. He thought he was smart. They realize it. What's the point of creating your own big, your own cryptocurrency when you could just charge people to store the real thing? And I mean, it's, it's, it's quite a business model. They got over there. But it's going to work out pretty well for them. But at the same time, don't be envious of them. Don't be angry that they're buying up a bunch of Bitcoin because it's just making you richer if you're, if you're a holder, okay? And everyone's got an opportunity still to beat these guys for the punch eat it. No, not as much. But still, they haven't bought up all the Bitcoin that's impossible to do. You still got your chance, people. It's still under, it hasn't even gotten close to the six digit round yet. And some of these banks won't feel quote unquote comfortable with it until it does get to the six digit round. So we're still relatively early in on this. Of course, I mean, this is not 2016 early anymore, people. And you should have been watching Frickin World Crypto Network back in 2016. All right. Time out like. It is amazing how much things have changed in the old days. It was all Adam Meister, the Bitcoin group, mad bitcoins, other people like this talking about Bitcoin while JP Morgan and these famous investors were warning you to stay away that it was rat poison that it'll go to zero. All of this just scared people away. Meanwhile, it's completely flipped now. The banks are now in the crypto. They're embracing it and we were right. So it's great to have Adam Meister here today who said the whole time, just stay humble, stack sats, be a Bitcoiner and ignore these ups and downs. It doesn't matter until you have to sell. And if you have a job, you can just keep stacking, live humbly. And I just want to recognize Adam, one of the original Bitcoin YouTubers here is with us today. Buy and hold strong hand. People said it was boring. The results aren't boring, dude. There was maybe I'll be driving a Lamborghini in your neighborhood soon, dude. Hopefully. One of these days, no rush to get the luxury car in them, no rush. But yeah, Thomas, is this the freaking original and much credit to you, much love to you for just keep on doing it? It might not be fancy sets and graphics, but it pays off in a long run that we've been talking about, dude. So it's funny for so long we were collecting these little like in my Bitcoin era, it was all like point one or point zero, one point zero, zero, one. We weren't the many Bitcoin people of the previous eras. And now to see people switching it to sats and trying to be a Satoshi millionaire and trying to build it up that way and starting from the bottom in that in that direction is great. But it also makes me sad of all the opportunities missed. What could have been an easy gain buying those point ones and those point zero ones and those things that seemed too small previously that change you wouldn't pick up off the floor. Now thousands of dollars almost out of nowhere. We're of the era where we find some old wallet. There might be point 0.01 Bitcoin in it because we thought it was six dollars. It was five, but we just forgot about it. That's about our era, but you're right. Before 2013, there were dudes who were given away 100 Bitcoin at the time. I mean, well, they'd have 100 to get one to this guy. One to this guy. I mean, and Nate us and because of that, I thought I was, I was like, oh, I'm a little late here, but over the long run, Odo, we were so friction early. So it was early. And the other thing you bring up about JP Morgan seriously, you know, for all the people that hate on JP Morgan, they got scared by JP Morgan too. If you hated them so much, why did you do what they said to do? They were calling it rat poison, all this stuff, but plenty of dudes that worked there, including probably Jamie Dynett were secretly buying it. They're smart guys. They know how to, you know, they know how to talk the talk and then do the opposite in the background. So learn on your own people. Do not do not pedestal these people. Do not pedestal these people because in the background, they're probably buying it too. The other point to make is that a lot of people ended up with zero Bitcoin because they just couldn't try it. And I had this problem for a long time where I was like, well, I missed it. I missed it at a dollar or 10 or a hundred or whatever. I can't get any, right? But if I just bought a few then, they'd be worth a ton now. And if people had just bought that point one or that point zero one that they thought was too small to huddle and that they couldn't start, start anywhere, start somewhere, stack it, put a little bit in. If you have, you know, one percent exposure to Bitcoin, 10 percent exposure, it's going to be more than zero in the future. And I think that's been proven really well these last few years. Yeah. Great, very, very good point there. They mean there was just people, the excuse making that people came up with and still come up with just get some skin in the game, dude. It'll be worth something eventually. So good memories. Moving on to the exit question, the price of Bitcoin this time next week, higher or lower, keep in mind that you are competing against the Bitcoin prediction ball. Dan, eve, higher or lower? I'm still going to go higher. I'm still, I'm still hopeful for 69 420 next week. Adam, Adam, myster, will you go higher than 69 420? You know, you're the second dude to bring that up. And I was just like, I'm like, I'm not 12 years old, but it's funny. I said, I'm always positive. You know, it's always around November 10th for some reason. I'm very happy. And so that's next week. And I just, there's always good things that happen around that during Bitcoin, always weird things. Back in 2017, people might not remember that was around the B-tash pumping around. Oh, man, we've been through so much. So yeah, it will be higher with the heck. I can't predict an exact number. But this 69 420 thing is so freaking hilarious, man. We got to have more people saying that that are not 12 years old. It's great. It's great. Well, I have 12 years old. So it's difficult. I used to just think it was a great thing that it broke a thousand or around anywhere along there. Let's go to the ball. Will the price of Bitcoin be higher this time next week? My reply is no. The ball is bearish. Watch out people. Could be dangerous out there. Moving on to issue two. Issue two. Squid Game. Rogue poll. The Squid Game cryptocurrency scammers made off with $3.3 million. Thanks to the help of the mainstream media. Yes, the Squid Game coin had nothing to do with Netflix, nothing to do with the South Korean group that produced the TV show. And you couldn't sell the coin. Yes, you couldn't sell the coin. Yet mainstream media news outlets like the BBC, Yahoo News, Business Insider, Fortune and CNBC all acted as the promotions department for the Squid Game, Squid Game scam, saying in breathless articles that the price had ridden 83,000%. Adam Meister, who's responsible for the Squid Game scam? Is it the scammers or the mainstream media who blindly promoted an obvious scam that we laughed at last week and now we cry a little as $3.3 million is somebody's life savings and I'm sure they miss it. Well, it's the scammer's fault. I mean, the scammer's created it. But the scammer saw a few weeks ago when Walmart was using like, like coin and the media fell for it, right? So why not? This is, I mean, they found out and this will work again because it's, you know, normies are watching TV all the time, okay? So it'll come up with something that has to do with some mainstream normie thing that everyone is talking about, which is apparently this Squid Game thing and just say you made a coin about it and then rip people off and it's it's it's it's it works and the media picks up on it because they don't know what cryptocurrency really is. They know what Squid Game is and seems seems pretty cool. It'll get it'll get clicks. Cryptocurrency and Squid Game. Maybe what they did. Maybe what these scammers did is they figured out there's two most popular things on Twitter right now. Why don't we combine them and rip people off? So it was a very good scamming formula. Most people don't want to, you know, go beyond the surface at all. And apparently the mainstream media doesn't like to do much research anymore either, which was proven a few weeks ago with Walmart Litecoin lie. And so this is just another another version of that. And you know, if it seems to good to be true, it is too good to be true, okay? I mean, so I just want to prepare everyone. This is going to happen over and over again. And the mainstream media will keep on because they just move on to the next thing. They don't even have retractions anymore in the mainstream media. You know, they they so we'll see all sorts of combinations, you know, fake, you know, Elon Musk NFTs, whoever's the most popular person of the day, they'll know the scammers will combine with NFTs with with with coins with who knows what. In the end of the day, it is the scammers scam they created something that was dishonest. So it is their fault. But I want to warn everyone as Bitcoin and cryptocurrency become one more mainstream. They're just this. I mean, we've seen the scams increase over the years. So there will be more and more scams and some people to their very dying days refuse to even admit that they've been scam. They'll still be like 10% of the people that still think they're going to a squid game, something or other. So be careful. Be careful out there, people. But this is this was pretty well. And speaking of Walmart and Litecoin, just today, there was another breathless press release from Kroger saying that Kroger would accept Bitcoin cash. Of course, it sounds false and it was false. It's a completely made up story. The media is already writing the second round stories. Kroger has no idea what Bitcoin cash is. They never put out such a press release. And it makes no sense on the face of it, just like Litecoin and Walmart made no sense. Dan Eve, your thoughts on squid game, rug poll. Well, I think I even said last week, I was I was sat there like, oh, I think it was $2.22 when I read the first read the article. And then by the time we did the show, it was $11.80. And even I was sat there going, wow, it would have been, you know, wish, wish I'd have known about that. Obviously, it by within what 48 hours, it went to $2800 before an absolutely epic fail, you know, dropped to nothing. The thing is with the newspapers, like covering it, you kind of think just, well, because they're mainstream, they're, although they're kind of, they're promoting it to a certain extent, most people who read about it, they're not interested in, they don't even know what a Dex is or anything like that. So they're probably not likely to see it, but those people are going to get cooked in because they won't see that the squid game failed. They'll actually see that article and then go for the next thing that they see that's going through, through the mean. And so someone told me the other day and they were like, oh, I just went into Shiver. And I was like, but it's an all time high. And they're like, what does that mean? I'm like, is the highest it's ever been? Like that's the one rule is you don't buy something when it's the highest price it's ever been. Like, yeah, because it's probably going to take a little bit of a dip first. So you've got a, you know, you've got a whole jahorses a bit. And you know, my best analogy is if you look at a chart and think I wouldn't ski down that, then it's either time to sell or time to not buy because it's already risen that hard that it's probably going to, going to fail. There was a pretty hard call video of a guy, I think he was watching the, the, the, the, the, the squircquin pump up to something like two trillion dollar, two point one trillion dollars. Two point one trillion dollars. Of course it just, it just completely is a bitcoin in a single pump down to zero. But it caught a lot of people out and it's really, it's really sad, you know, a lot of people lost a huge amount of of, of money. And it does happen, it's gonna happen again. They're going back to the papers and the news outlets that are kind of reporting on it. It's, as you mentioned, they don't even have to kind of do redactions anymore. They don't need to follow up. There's no responsibility on them to follow up and say, hey, we completely, we were promoting this, or at least follow up just saying, hey, remember Squid Game, we talked about a Squid coin, sorry, that's now zero. So don't be an idiot. That's what they should be doing, is following up with another article saying, hey, this is what happens. It went up, but no one can actually take their money out. And it's going to go back down and watch out for this future. They should be educating people, not trying to coax them in by saying, it's gone up 17 trillion percent in five seconds. But it's almost like, you know, by law, you can't yell, is that thing? Like you can't yell fire in a cinema, but a news outlet can do whatever the hell they like it seems without having any social responsibility or accountability. And even printing the most ridiculous headlines that have, not in this case, but have nothing to do with the actual article. And even remotely true, well, they pick on, you know, it's just, it's just, I don't know, it's, I hate regulation, but I think news needs to be regulated a bit, right? It's about time, if Bitcoin's going to be regulated, then the news needs to be regulated a bit more. I think they need another R word. They need responsibility. The news media take, needs to take responsibility for what they're doing. And no one's going to like this, but they need to grow up. I remember when we started in Bitcoin years ago in 2013, every little piece of news, we'd be excited, a cafe and hungry takes Bitcoin, it's over a gas station, Wyoming takes Bitcoin, we are the kings of the world, whatever happens, we were super excited about it, but we were very early, we were very new. And the mainstream media is in that same thing right now. They don't know anything. They don't understand anything at a complex level. So they can't see the difference between squid coin and Bitcoin. They're like, it's brand new. It has coin in the title. It's the same thing. And they just go back to their templates of articles. They have the template that they write when Bitcoin is down. Bitcoin is down and it's never coming back. The template when Bitcoin is up, Bitcoin is up. And if you did bought it, you would have made X% and they're coming into this world of alt coins and metaverse and NFTs and all these things that they don't understand. Whose values are insane sometimes and they're just blindly reporting on it. And that's not what we need. We need a responsible media. We need a grown up media. And we need a media like us, like right here on the Bitcoin Group last week, we all took a risk and we called out squid coin. Dan was saying, wow, I could have invested. Meanwhile, you couldn't even sell the coin. With any level of due diligence, the media could have said, wow, there's no link to Netflix. You can't sell the coin. This looks like a scam. And that's what their articles should have been about. The same thing now with these Doge coin copies like Shiba Inu, they're breathlessly reporting how much money people have made and how much money you could be making, but they never take any chance to say, what are the fundamentals of this? What does it do? How is it similar or different to other things that have worked or not worked? And their failure will continue to cost a lot of people a lot of money. That's very sad. Moving on to the exit question, will there be more of these help me predict the next squid game scam? Adam Meister, what popular thing will be made into a breathless and amazingly valuable coin soon? Well, I'm gonna take it to the lowest level here. There'll be another dog coin of some sort. We've got one, two, three, one on the fourth and a fifth in a six. What, they keep on falling for it. Something as simple as a pretty looking dog or a fake coin or something like that. Why not that? I'm not even gonna go into the mainstream. I think it's as simple as just creating another one of them. From a maybe a bit, instead of because the Shiba one is like an Asian dog coin. Doge coin is like the American one. Maybe there'll be an African one or something like that. I don't know. So something is, and it'll be totally fake. It'll be just the one coin of some sort. So I mean, a combination of something that's popular in popular culture with a fake dog coin and one coin. I don't know. You can go a lot of different ways with this, but they will fall for it. Oh, so someone's a Josh was in the house. All right, I will defer enough of me talking. Seems like a solid prediction. I can see golden retriever coin taking off. A very popular breed of dog, black lab. Also wonderful. And I think Adams right there, if you look at Ken Bosack, it is amazing bro punks. He also has bro dogs. And he doesn't just have Shiba in-user doges. He has every breed. And again, they could all be coins. Dan Eve, what will become a coin next? You make a call. I, the problem is that, you know, reality is always stranger than fiction. And I shit you not that there is already a, this is on coin market cap. No, the shameless coin market cap. No offense. But bonus squid game, that's already, that's recently added. Dogs of Elon, because Elon doges or whatever it was called wasn't enough. You needed dogs of Elon and Meta Spatial's also on the recently added. But my favorite one of today, which is also happens to be the biggest gainer at 652.5%. I'm not saying don't buy it. Remember the ski thing? That's skiing down. That's literally like a black slope like off a cliff. Don't ski down that. Snakes on an NFT game. That's it. So again, it's got the, the, the, it's got Samuel L Jackson looking cartoon. Probably not actually him, of course, or certainly not endorsed by him. But, you know, shooting a snake on an NFT game with, you know, these are self-generated NFT. So 650%. They're literally just coming at their F left right in the center and people still buy it because, because I don't know, I don't know, they just buy it because they want to be on the next, they want to be on the next doggy train, right? That's it. So I can't even call what the next one's going to be. It will probably be a, I don't know, maybe it's going to be a diamond, a Jamie diamond dog coin. Maybe they're going to go down that route and they're going to say that it's, they're going to say that it's endorsed by Jamie diamond. I don't know or rap poison coin. Another one endorsed by Jamie diamond. But I don't know, they're too, they're all too crazy to even call. Well, I'll tell you this, I've had enough of these MF and snakes on this MF and NFT quite enough. Here's my idea. I think we should go with World Coin. Oh, wait, we did World Coin already. No one told those Silicon Valley guys they think they can just do it again. Josh and Gala were talking about the incredible failure of squid game. The incredible rug poll was the mainstream media responsible? Or is it all the scammers fault? Josh and Gala. No, definitely all the scammers fault. And the mainstream media are just like idiots as well. Like they, I see the mainstream media exactly like the buyers of this nonsense. They are hype train. They are everything that regulators are there to stop. Basically, and the problem that we're seeing is that we're going to get the government putting on their superhero costume, wondering out to this weird circus and going, we'll save you. And really, they're just nonsense. The fact of the matter is these newbies that are coming in and maybe some of them aren't noobs, they're seeing good opportunities. They're going to get burnt. They need to get burned. They need to go, oh, that hurts. Maybe I won't put my life savings into a meme coin. Like maybe, maybe realize that just the word, like it's literally you're betting on the name being popular with everyone else. It's the way, like there's no real reason that you've got to think, will this coin be around and popular in five years time? If the answers no, then just, I don't know. I mean, personally, it's not an investment advice, but I would stay away saying that I'm buying Squid Game. It always reminds me of that classic line from the Conan O'Brien written monorail episode of The Simpsons. A town with money is like a mule with a spinning wheel. He don't know how he got it and he don't know what it's for. Josh Jagalo, what will be made into an NFT next? Real or false? What will they do next? Well, I've said it before on the show and I'll say it again, I really think the case for NFTs are very, very interesting in terms of the finite, the DeFi space, not in terms of putting artwork in as collateral, which is also a little bit interesting, but the problem there is liquidity is too low. Where the real interesting stuff comes in is packaging CDPs up as NFTs with underlying collateral and being able to split those. If anyone remembers the housing crisis of 2008, a lot of that was caused by CDPs being split up, sold, repackaged, then split up again, and then these rating agencies saying, yeah, that's AAA when really those crap in them. But no one knew how to really look inside of them to see the crap in them. Then they were, and libraries in small municipals in Australia was buying real garbage property from Texas. It just went insane, but the good thing with NFTs online in this space, crypto NFTs would be that you could actually see what's inside of them and what's packaged, no matter how many times I get split up and resold and repackaged. You could have actual rating agencies rating the actual content of NFTs. I think that's what should be. Instead I think you'll get absolute crap being NFT. It's funny because when we first talked about NFTs, I really do think that the promotional value is there, but for them to be promotional, you have to make thousands or hundreds of thousands, which is so easy because you don't have to print them, you don't have to store them, you don't have to ship them. It's genius for promotions, but what's interesting to see people go the other way, these one-of-ones, which are obviously very valuable. If you own the crypto punk with a cigar, you are the cigar owner. I get that. But at the same time, I thought they should be plentiful, cheap, and maybe even almost free trading around like Nichols because of the incredible low cost of storage, low cost of sending, low cost of creation, none of which has changed. It's gotten even easier across the board to make NFTs. You don't need a programmer, you don't need a company. Moving on to the next issue. Check out the WCN Clips channel. WCN Clips on Twitter, Google, WCN Clips. You've got all kinds of great clips from the Bitcoin group and other shows on WCN Clips. Issue 3, F. Coin Desk. Well not really F. Coin Desk, but it is interesting to say, as the trial of climate versus right begins, Coin Desk is covering it like any other mainstream media article, as if they didn't know anything about right and his history of scamming the Bitcoin industry. They walk in like a dube. Is this the kind of coverage that we need from Coin Desk, this blind mainstream media ask, idiot coverage? Dan Eave, what about Coin Desk and their strangely neutral take on an obvious scammer who has been attacking the Bitcoin industry for years? I think it's insanity to say like that. Didn't the article like the headline was something like the around the ownership of the 1.1 million Bitcoin. And anyone who knows Bitcoin knows how ludicrous that is, a court case over the ownership. There's one really, really, really, really, really, really, really easy way to prove ownership with Bitcoin is by signing a private key or sending some of that Bitcoin. Otherwise you don't own the Bitcoin. It's not like the judge can go, oh, I order you a blockchain to give Craig the Bitcoin. Come on, just give the Bitcoin then. It doesn't work that way. Like you need the private keys and Craig, Craig, Craig, it's come up with obviously, he's been caught out multiple times being a fraudster. And I will say very quickly when I was sitting in front of me, a Bitcoin power well dinner in London, Satoshi is probably dead anyway. So I really, really don't think it's him right in front of me less and a half less than a meter away. And loads of people were there. The fact is that a judge can't just make him hand over the private keys. I'm sorry, he can't hand it. He can't make the Bitcoin blockchain hand over the money. Like that's not how the Bitcoin, it's not how it works. Like, you know, if he had the private keys, which he obviously doesn't, then he can just move it himself. That's how he proves ownership. He doesn't need a judge to do that. You don't need an arbiter in that situation because the blockchain, the mathematics, the code is the arbiter. That's the person who did that's the unit that decides where the Bitcoin goes. But I like how he's still he's using, I've noticed a few other scammers actually know Bitcoin scammers, you know, who you are, who pretend that autism is the reason why they're scamming as well. And that's what that's kind of a big part of what Craig writes doing. He's saying that, oh, it's his autism that it's actually causing it. So he's coming up with any excuse he can not just use his private keys to prove who he is. They had the black to the back to the future thing where he was, he was, you're a great scotsmaid. I'm waiting for someone to deliver a thing and he stood there in his raincoat and no one would have delivered his private keys at the beginning of the year or was it last year? I don't know. It all just flies by now. But it's just a shame that people still give him like, they give him air. Like, they give him like, they give him, I don't know, credibility by pretending that there is some sort of actual real fight going on when there's really not, there's definitely no fight whatsoever. Wasn't it after, is it after Van Pelt who was so after Craig writes it all, he he applied for the intellectual property rights of the white paper and people were like, all the B cash guy or BSV folks were like, oh, that means it's truly the guy. But anyone can do that. I think half of Van Pelt was someone, he himself actually applied for a Bitcoin copyright of the white paper. So all these things are just ridiculous. This, this theater, it's circus tricks and annoyingly the people, you know, you either know this or you don't. And unfortunately, people who are only just getting into Bitcoin are seeing this drama about it and they're actually believing in these headlines. And it's really, I think quite irresponsible of, of coin desk to, to put an art, you know, to make, they could have put something that's a bit more, I don't know, a bit less sounding like it's actually got legitimacy to it. And it doesn't, it doesn't have a shred and it's laughed at amongst the Bitcoin community. And hopefully it's, it's all going to be over soon. I just, yeah, I just can't hack it. Although, although one thing I did like was, which is quite funny, I don't know if anyone saw it, but the Craig Wright video of him playing with a sword and everyone was like, Oh, Craig, this is amazing. And he's there like waffling around with his, with his sword and his suit. I won't miss that, but I definitely, sorry, I will miss stuff like that, but I won't miss him pretending that he's Satoshi. And really, what is the lifespan of someone giving false claims, false evidence, falsifying this, falsifying that, how, how many times do you have to be proven wrong before you give up? So just please give up for the, for the best of everyone, Craig. It's interesting how we talked about Squid Game and the media in a previous story here and how the media now, the coin desk, which should be the pretty high level of Bitcoin media is doing the same thing. They're like, let's give Squid Game coin a chance. You know, there's, there's two sides to this. Sure, one side's got the teaky torches and they're chanting anti-Semitic slogans and they ran a girl over with their car. But let's listen to them too. Let's give them the benefit of the doubt. You know, they've got swash to cause on their arms and they're saluting and things, but we got to give them the benefit of the doubt. You know, and I don't think Craig Wright has any more benefit of the doubt. I'm sure coin desk in the past has done story after story about him not proving it, not moving the keys, not signing the coin. And again, you know what Satoshi would do? He wouldn't talk. He would be out enjoying his life with his billions and billions of dollars and he wouldn't be talking. He wouldn't be in court. Could you imagine if he had billions of billions of dollars and he went to court? What are you trying to prove? Who even cares? You know what you did if you are Satoshi. If you are the creator, you don't really have to go out there and prove it and be like, Oh, I did this. I did this. The real creator kicks back with his feet up and doesn't bother with this court case legitimacy nonsense. I doubt this very much. And I'm very disappointed in coin desk once more as I was disappointed in coin desk many years ago as mad bitcoins when they didn't article comparing Bitcoin to Napster. When it was very obvious that Bitcoin was bit torrent. It was distributed. It didn't have a centralized server. It was just a very bad analogy. And now it seems five, six, seven, eight years later, nothing's changed. Still nothing coming out of coin base. Apparently this person graduated in 2021. So it doesn't seem that they're very familiar with the working world and they're not very familiar with Bitcoin or Craig, right? Adam Meister, your thoughts about coin bases? Friendly coverage of coin desk. Coin desk. Coin desk. Coin desk. That's definitely get that right. You know, it's you were saying, you know, he should give up because people aren't going to fall for it anymore. No, no, no, he's got a cult. At least 10% of the people out there will keep expecting him to do what he says he's going to do. You might remember that in 2019 people were like, just wait until the start of 2020, just wait until the start of 2020. He's got a big secret. He's got a big reveal. Dude, we're like almost a 2022 now and they still believe his nonsense. He knows he can get away with it because he's psyched a path. I guess or sociopath. I don't know. Whatever one, keep on line, line because 10% of the people are going to fall for it. So Thomas, your comparison of the squid game, I thought you brought up the squid game story and this story to contrast it to show how it's the same darn thing. The mainstream media of cryptocurrency, a Bitcoin, at sometimes is just as disgraceful as the mainstream, as the regular mainstream media. They are algorithm slaves, okay? The reason they are printing this story is because they know they can get clicks. That's all. That's all they do. And so they are slaves to the algorithm and then the people who actually click on it and believe it, they are also algorithm slaves, okay? They just go to what is fed to them. It'll get high into the Google search and everything. It's a disgusting, vicious cycle and they feed into it. If that's their business model, that's their freaking business model. I don't talk about this guy on my channel at all. I don't bring him up at all. He knows that people are going to keep talking about him. But at the end of the day, what is this man's end game? What is his end game? And what it is is to keep getting in the news for these bogus trials and these bogus lies. But eventually that his cult members will be like, okay, it's okay since he's really Satoshi, we will give him the Satoshi coins of BSV. And that's millions and millions of dollars. He will eventually get in BSV because they will say he's Satoshi. They will ring the blockchain over there as a centralized to give him all the BSV. And then he can be a multi-millionaire through BSV at the same time say that he's Satoshi because he's got Satoshi's BSV. If these dudes want to cover alt coins, here's something for you. If you want to cover alt coins or forks of B cash because all BSV is a fork of B cash. Do you guys know that the other fork of B cash is worth more now than the BSV fork of B cash? The not B cash itself. The ones that came out of the one that Amari is in charge of. It's called E cash also. The one that was a B cash ABC then it became E cash recently. Even that is worth more than this freaking BSV thing. Yet coin desks feels the need to cover the guy who's in charge of the 50th most valuable cryptocurrency out there. One of these random fork of B cash is all this thing is but his end gain is to get millions of that random fork of B cash and become rich off of all the sucker cultists that are out there. And yes, so everyone that keeps talking about him are giving him this lending credibility to his less than legitimacy but still he knows exactly what he's doing here and just the all these algorithm slaves don't be an algorithm slave. That is what I said over and over again and this is just total algorithm slavery on the part of the mainstream crypto media that will continue to cover weird stories like crap stories like this because it gets them to clicks and it gets high in the Google rankings. Here here Josh Shagala go ahead. Yeah I actually contacted Andreas and Nopolis who was also at the court hearing to give basically a bit of an explanation about crypto and then Craig's lawyer said well have you ever mined and he's like well no I haven't ever actually mined. He's like well you're not an expert you're not an economist you're not a cryptographer and you've never mined so why are we listening to not an expert and I can't take that I said man I didn't know you were not an expert what am I doing listening to you the whole time and we had a bit of a kick off but I really think this is all a distraction like Squid Game is getting more attention and more money and stuff than this being there are actually believe it or not some some people trying to build stuff on this chain that are actually quite intelligent which is weird to me they're trying to do some stuff and I just think man why would you support that guy like why would you support that dude and it's quite perplexing the whole thing is really really interesting on a human psychological level of what is going on there but like Dan said you know just sign the keys dude you know the funny thing is his excuse used to be well I don't know would you show your bank account I'm like yeah but you're saying you're Satoshi so everyone assumes that's your bank account like if you say it then that's all I'm saying is can you prove it because that way we can all just relax and say okay Satoshi was a Nassau as a human being as a story who was kind of cool fair enough whatever I would take that of course there are people that wouldn't they'd say he'd stole that and this and that but for me they'll be enough sign it it'll be enough but he refuses to do that and that for that reason I just don't listen to him I don't give him any credibility I barely talk about him it's just I hope that other people see the amazing technology that's happening the developers on that see the amazing technology that's happening elsewhere and and hopefully put those brains to power elsewhere rather than supporting someone who who makes a claim and then refuses to to actually do the easiest thing like Dan said to actually sign the block and just get it over and done with and and then people are like whoa you know he doesn't have to so yeah well then I don't want to hear about him I don't want to see him I don't want to smell him I don't care um yeah that's my take as to Josh's point is why people would build on this I'm reminded of what Milton said where he said it's better to rule in hell than to serve in heaven and for so many of these programmers and cryptographers if you're not the first string if you're not the elite the best of the best you can't really program on Bitcoin you can't really add to it you have to be very high level to do that but if you go down to an altcoin or a copy or a fork or whatever they are suddenly you're the lead developer suddenly you're an important programmer and your decisions matter and they better be good ones because if you screw up you could destroy your entire coin your entire fork so I think a lot of people are drawn by the idea that they could be a big fish in a small pond and there's tons of small ponds out there moving on to the exit question uh after Craig loses his trial will he go away or will he come up with a new scam maybe he'll claim to be prince or Michael Jackson there's still a chance Dan Eve what will fake Satoshi do next he will linger around the room like a smelly fart and with no windows forever I don't think he'll ever give up because and people and people won't people and you're going to have to smell him forever and people like that he's got you know he's got an army behind him he's got you know he's bankrolled by Calvin air um uh who who are obviously you know he's got so much so much money that he can just pay for all these random ridiculous legal battles uh and he's just got a support network of people that are basically so invested in uh thinking well obviously a lot of them probably bought B.S.V and so who wants to look like a complete twat when you've but told everyone that Craig right is Satoshi you've put all your money in B.S.V and you really you know it's like that thing it's really difficult when people when you know you've been scammed like I've been scammed a few times and you got you tell yourself you weren't scammed and you can come with all sorts of excuses and but it's hard admitting to yourself that someone's pulled the will over your eyes and you've been scammed and these people are they're all invested in B.S.V they've all probably shouted about it going to arguments about it over the internet and they just feel like complete twats uh if they were to have to go oh actually I don't think Craig Craig Craig writes actually uh Craig yeah Satoshi so they're yeah it's it's a shame but he is probably going to be around forever but the whole thing's just a if him saying he he can't sign it's just a complete it's like a paradox like he said what is it he said I do not have when he when asked to say to actually sign the private keys and or move some Bitcoin he says I do not have the courage I cannot and but as Josh pointed out if everyone knows that that Bitcoin is Satoshi's right and you're saying you're Satoshi then the the argument that you you for example can't bring yourself to sign the private keys is the same as it should be the same as saying I can't bring myself to claim that I'm Satoshi like you're saying it to a friend it's like oh I am Satoshi but I just can't bring myself to say it you've already done that you said you're Satoshi so the in theory the private keys are yours the Bitcoin is yours so the idea that you can't sign the private keys or you don't want people to know about that million Bitcoin being yours is ludicrous it is interesting if you tell people about a scam and you try to save the money they'll often be happy they'll come to reality they'll say that's a good one I I almost lost a lot of money but if you tell people that they're in a cult and you try to deprogram and then we try to bring them out of the cult they actually get angry at you they get more mad at you because this is their core belief it's not just something that they invested their money in they invested themselves into it and that's the difference between a scam and a cult I am King Arthur I pulled a scallop out of the stone oh yeah do it again I don't have the courage at the moment um not really trying who maybe next year I will approve it let's go to Adam Meister what will fake Satoshi do next although I think you had a little preview of that already go ahead yeah you'll just come out with a new excuse and as the panel said it's an interesting experiment in psychology this is that the people just keep falling forward why they keep yeah I think 10% of the world population never admits they're wrong and loves cult leaders and just can't make up decisions can't think for themselves so you'll always have an eager audience of worshipers and and you know the the question is Thomas you also brought up or it was brought a wire smart people programming and you said a big fish in a small pond I think it's more so Calvin heirs paying them a lot of money and the again we have to remember the end game of fake toshi here it is the get Satoshi's BSV so he doesn't have to be the b-i-t-c-h of Calvin air anymore fake Satoshi is not a rich man he lives like a freaking little parasite off of a billionaire and deep down I hope he's watching this that he knows is a little parasite leeching off of him can't make his own darn money he's a little leech like those 15-year-old girls that are in pictures with Calvin air he's one of them living off of living off a Calvin air so I understand his end goal is to be a real man to live for himself to have his own wealth and to steal it from the the BSV blockchain the wood and say these are Satoshi's BSV I deserve them because I'm not a 15-year-old little girl I created in or something like that so that's that's the end game that's why he keeps doing this over and over again but remember people he is not a wealthy man he lives off of a wealthy man at the at the say of if that wealthy man dropped him he would be a bomb in the streets of Australia okay that's what he would be right now are be a 15-year-old little illegal you know what in some developing nation that he they seem to like to enjoy hanging out with those little girls is disgusting all right yeah maybe Calvin's ice ice failing him and he thinks that he's one of those like young lap dances crazed one of the young lap dances well the other thing is Bitcoin just turned 30 so it's just the right age for a Calvin air not gonna touch that one but it is interesting going back to the cult thing the tattoo just doesn't rub off right you got the cult tattoo you're trying to rub it off it won't go away and I also want to talk about the origins of the phrase don't drink the Kool-Aid for those people in that cult I think I forget the name now but they were all gonna drink the Kool-Aid they were gonna go to another planet the space aliens are going to take the true followers I think it was the Jim Jeffries cult something like that I'm close and they were all gonna fly away to another planet instead the Kool-Aid was full of poison drinking the Kool-Aid led to your death you didn't get to go to another planet on a spaceship it's not too late to not drink the Kool-Aid you still have a chance people out there there's hope for you Josh Shagalla what will fake Satoshi do next after he loses the trial just like Adam said he threatened people with the the flaw in Bitcoin years ago he said that he had the coins and he was gonna sell them all and he was gonna wreck all of our markets he even sued the developers he sued the white paper people which again is a reason for coin-based coin desk sorry not to cover him in such a neutral way this is not a neutral character he's not new onto the scene he's done many negative actions towards Bitcoin and he's provided no proof like Dan said of a claim that he made himself nobody none of us said he was Satoshi this random computer science from Australia who doesn't have a supercomputer but says he does he said he was Satoshi he made the claim so the whole courage not to prove it don't claim something if you're not gonna prove it just stay home Josh Shagalla what will he do next it's an interesting case so as far as I understand the case if he loses it does mean he's Satoshi because the court case that means he would have to pay Climax family a whole bunch of stuff if he wins that means he isn't Satoshi because then that's as far as I can sort of tell here or maybe I don't know I really haven't studied that much but the fact I am pretty sure that if he loses it means the court has decided that he is and he has to pay across and and that that's when the excuses will come out I think what he's doing here is building judicial cases in old school law to define his authority on Bitcoin and that he invented it by building a case look it's so diapotlet the whole thing is so diabolical and weird that I find it hard to grasp man like that this guy is actually you know I don't know man I look I think if he if he wins or loses he'll still be around he'll still be making it it's exactly like I'm waiting for the guy to show up like she said then I'm waiting for this this career bondant career to show up you know because I'm Satoshi I trust some random career company to deliver a half a key of billions of dollars years in advance like man how do I don't understand I get really confused because I've actually got some close friends that are really deep in that nonsense and I just think wow wow I don't know it's confusing I am very confused by it all I you know seeing people fall for this stuff is really really sad and awful and at the end of the day there's so much excellent technology happening in the in the whole sphere in the crypto space and the fact that you're trying to build a decentralized mechanism with terabyte blocks that obviously cannot gigamax kawaiens that can't be be be propagated around the internet fast enough so it will definitely allow certain miners to constantly be the winners and I like there's just so many problem I don't I'm not gonna go on for any further I don't think he's going I just think he's gonna scam is gonna scam he's gonna keep on scamming the beauty of the long con is you just keep running it you just keep building on it you just keep lying so it will never stop moving on to issue four Facebook citing societal concerns plans to shut down its facial recognition system yes it was the automatic tagging program that no one wanted and they turned on without your permission or without consulting you and now just to suddenly it's gone many people were shocked by this decision of Facebook especially that they're claiming they're going to actually delete their face archive but wait maybe it's just Facebook that's stopping the use of facial recognition facial recognition technology it's meta that will continue the use of facial recognition technology so let's go to smiling out of myster about the latest one step forward two steps back from Facebook on facial recognition technology yeah it's just temporary people thought they came up with the meta name to distract from all the media attention they bad media attention they've been getting they did this to distract from all the bad media attention they've been getting okay yeah they they'll get rid of the facial recognition for a while and it will come back it actually guys Facebook is free you volunteer to put all your information on there who cares if they have facial recognition I mean if you if you don't like it then don't be on Facebook anymore okay they didn't have to do this they're a private company I had no problem with them doing their facial recognition thing it was very strange when I would put up a picture I'm not a big fan of it I put up family pictures and stuff when I put up a picture of my mom from like 1960 something and I knew it was my my freaking mom in in in in 2014 it was it's pretty amazing it's pretty interesting at times your your bigger point is also all sorts of governments use this stuff the frickin spy on us okay so if you opt in to a website that is you know recognizing your mom from 1962 that's that's a you problem okay that's you you don't have to do it um if you're if you're so concerned about a private company if they have it if they don't have it they don't use it what we should be concerned about is the ways that governments are using it how they're keeping track of us every little move that we make we're walking around downtown you they could say you were here there the other I mean I you know again Facebook is very innovative company and I have no problem with them having it they will have it again I wouldn't it wouldn't surprise me if all of this is just a game of words also that maybe meta will continue to have it and the Facebook subs of there it's don't they won't have it I mean it's it's they're giving into the mob right now it's public relations clearly uh a clear a clear move but it's it it won't it won't last they won't come back to it it is a it can be using cool ways for private companies I think we can all admit that I mean the cool thing technology is awesome but uh you know it's something that you don't opt into like the government doing it now that's that's something we we should be concerned about when it comes to facial recognition but it's it's a boogie man it's a boogie man they're using it to deflect from the bear publicity that they're getting they think this is good publicity look we're giving it to the mob we're not we're being a good citizen of fur for a company so that's my take and and while it was creepy in many ways this was one of the core and useful features of their product like Adam saying if you put up a picture of a bunch of your friends it tags them all now your friends know they're in the picture that's kind of a positive thing uh the government stuff's a little more creepy the Facebook stuff's creepy if they start using it against you and such but it does seem like a core part of their original product I agree I think meta is just going to run right over this do whatever they want uh but it's nice to celebrate a small victory every once and a while uh Josh Shagall your thoughts on Facebook turning off facial recognition for now yeah it's it's it's a really really fascinating conundrum um faith look god what I liked about Facebook doing it it was getting in people's faces it was letting people understand the how powerful this technology is and uh making people aware of it the thing is Facebook turning this off doesn't mean the technology goes away these uh these these these cameras are everywhere and uh and and and co-vid as a as a as a thing uh this pandemic is really allowing power grabs wet whatever side of the fence you're on uh if you're on the uh you know fork over it again so we all can agree that governments can take advantage of this moment and we have stories coming out of Russia out of many countries saying we want to take all camera feeds from the shopping centers and shopping malls and put them all into a central dot feed them on a central database to scan for faces and uh and and and and issue fines for anyone not putting the mask directly over their mouth and for the mask situation they're getting very very good at determining just the eyes uh for facial recognition so the technology is extraordinary um it is uh one of the technologies that really um allow someone like George Orwell to turn in his grave it allows it allows um a state apparatus or a mafia or anybody that's in control that uses violence to control people to do it in an extraordinarily cheap way uh for anybody that uh that might disagree uh with them and so by Facebook uh actually putting it in your face and having it on a small consumer app people can be aware because there's been technology like for years uh for instance Alex Jones was saying they're spying on everybody they're spying on everybody it's going to the huge things inside these doors and and they're they're filtering the internet and so it wasn't till Snowden came out and said uh they're spying on everyone everyone's oh like uh you because uh when when when what I'm saying is that if you take the technology away and people don't understand that what the capabilities of are um they might not believe you when you say it can be used like they can track your walking uh you know you're stride they can tell who you are by the way you walk and stuff like that so and then they go ah you're crazy but really if they have that Facebook and they go wow you know it determined my grandma from a picture when she was 13 black and white that's amazing so um the fact of the matter is this technology isn't going away uh we need to determine how to live with it in the future there needs to be now that the the idea of the of the of the field of philosophy is a really important field at this moment because we need to as a society think about how we're going to deal with this and deep fakes and and such um it's a really important interesting uh conundrum for society and uh and uh rather than thinking about how we in a dream within a dream philosophers should actually think about this um uh and because these these are these are important questions Dan Eve well it's funny because I was going through the the the google app today I was trying to find a picture of of myself using a facial recognition thing so I had to send it off somewhere and whilst I was there looking for a picture uh it said you know do you want to can you confirm these other pictures and it was all that out like case is that the last time I I must have gone through this you know confirmed process uh I would have I would have picked off the most obvious ones but the latest ones were like I was looking at some of the pictures and I was like where the hell is my face and no shit there was literally like in one of them it was it was it was like a picture of like my driver's license leaned up against the wall in the background and the square and I was like how the hell you know so I wasn't even in this picture it was just a picture of like my room with and it managed to detect my face like you know that's all it's absolutely incredible now I was kind of going the the different a different way with um with this is in the in the if you if you opt into these things then you know then it's it's okay right if you opt in to having in you know that your data is going to be shared about then you know you can have the choice to right some people don't want their data some people do and what I thought was quite a concept uh a few years ago was like if you could put maybe not on all of your albums but you could like tick a box which says something like you know I agree that if someone is registered on whatever this app is and my face is in their faces in the background then that person can see that picture as well so like I could go on there and all the people that have consented and I could see myself you know maybe after a few bevy's at Glastonbury doing something crazy in the background of someone's photo and I think that would be quite cool but obviously you know this from a data protection perspective like it's a massive can of worms and like any technology is open to abuse Bitcoin amazing technology open to abuse not Bitcoin itself but people trying to scam etc you know any any new technology gives people the ability to try and abuse it in some way so whilst it's really like you know it's been quite cool and useful in the past to kind of be tagged up and see oh yeah I remember that that day you know when I was out at so and so it's also very dangerous and we're as Joseph we're realizing it more and more with all the sort of restrictions like the Hong Kong thing you know they have the cool like the the IR blockers and stuff like that to go to the scanner blockers on people's faces so we're seeing more and more ways that facial recognition can be abused and it's only going to get more intrusive and and yeah and more crazy and we've got to protect our data in in some way and it doesn't sound like Facebook is giving up the game completely I think it's just basically being shipped over to meta versus or whatever it is meta so you know they're kind of doing it as a as a as a bit of a show thing to say we're not data abusers probably to mask the recent like whistleblower or whatever and try and take some attention away from that whilst still actually using the facial recognition services meta so it's kind of it's news but not news you have to figure that this company's done such a good job managing your data so far why wouldn't you want them to manage your metaverse data as well right just keep connecting them moving on to the exit question as a Neil Stephenson defined in his book snow crash the word metaverse the book is a nightmare of corporatism Kentucky fried chicken is as powerful as the US government when you work for kfc you live at kfc and you follow the rules of kfc this is where the word metaverse Facebook's meta comes from is Facebook aware of this and are they trying to make the new metaverse a corporate hellhole where everything would be bought and sold most importantly your information and everything that you do in the metaverse atomizer the future of Facebook's metaverse I don't think it's sinister I think they see an incredible opportunity out there with the last one and a half years of shown is that a large percentage of the world population enjoys never leaving their house and enjoys living in a virtual world so make the freaking most money in the virtual world is what their goal is jump in on this hardcore before the other big power brokers in industry get into it beat twitter and google and who at Microsoft to the punch and dominate this metaverse world the metaverse is real you don't have to live in the freaking metaverse but what the last over one and a half years have shown is that there are many a person that will never get over being hyper-conjure acts and they will live in their houses for the rest of their lives and their real world will become the internet their real world will become virtual reality imagine a 5% of the population of the entire planet becomes that way this is a huge opportunity for the early companies they jump into it so yeah they're gonna have a corporate branding all over the freaking metaverse okay that that's what they do they are a corporation they are there to make money but is this is this a sister way to usurp the United States government or something no it's not it is an incredible opportunity based on the insanity of the life and you know what the world was going digital anyway I mean kids growing up today they grow they know how to use those little their phones immediately okay it's like they were born but things have been sped up and some people have become completely afraid of society it used to be you used to be called mentally ill if you couldn't leave your freaking house okay you used to have a gore for me or whatever it was a fear of the real world now it's great it's it's encouraged by governments and stuff so why why not take advantage of the future population of the world that will never freaking leave their freaking houses it's not Facebook's fault that 10% of the freaking world doesn't want to live is scared of the world is scared to touch another human being that this and that makes the metaverse freaking real quote unquote real and yeah good luck to compete don't complain in the metaverse you don't have to be in the metaverse they're in the metaverse no one has to go out and like enjoy life people really but if you if you hate on if you hate on Facebook because you can't leave your house and your envious of them dominating your fake little world I mean it's it's your fault that they're dominating your fake world all right that's it Josh Shagala yeah I agree I agree without them there Facebook is is definitely taking advantage of the metaverse I I love VR I've had it for I've been an early adopter on the space I think it's really really interesting I I I love and hate it because I do see it as escapism I've always said that VR will be the drug of the future or drugs are based on escapism and VR is the ultimate escape well drugs so you know DMT I guess we really feel like going to somewhere else but the fact of the matter is certain drugs don't want you know you start to learn and you don't want to go back where you sort of like whereas VR is really sucks you in and plays with you imagine all the engineers the social engineers that are working at Facebook to try and figure out how to really squeeze that dopamine really squeeze it every last little bit so you you you get really addicted to that space absolutely it's about network effect the thing is that online the switching cost is really really small to certain things but the switching cost like to generally online digital spaces like it doesn't cost me much to move what it does cost if all my friends are somewhere and I want to take them all to somewhere else it's a very high cost I have to convince them all to move somewhere else so what Facebook is trying to do is get that network effect onto in the metaverse right now and this is why they started with this home thing to get everyone in there and and and try to try to bid it out but yeah it's I wouldn't trust him I don't trust Facebook I don't trust any sort of large cooperation I don't I don't I don't I just don't trust him especially if they're free I tried to stay away from him and and and and find an alternative yeah yeah Mark I mean it's something the vision the visuals of Mark as well he's such a weird dude and and and and so him and the the history of Facebook and try and like pull you on and then you've got like these images of people with a mask and a face thing on a go yeah I'm happy you just sort of think oh god man this is weird I just don't want to yeah but he's got a jar of barbecue sauce on his shelf that he's using as a bookend so you can trust him he's totally normal he's just like you Dan Eve your thoughts on the Facebook metaverse I think Josh is right they're capitalizing on being kind of you know trying to be leaders in the industry they've obviously got a huge market with so being one of the biggest subscribe servers of humans on earth so so it's probably going to be quite easy for them to draw people in because people already they're already staying at home they're already doing nothing why not why not you know escape into this this alternative world it's been a sci-fi thing for a while hasn't it oh well for years obviously you know like you know being able to escape into another little electronic universe the way he was talking about the other day was almost like he'd invented VR you know like that was quite interesting or you know it was like almost like wow like and he's like well you know there's like you see second life years ago there's all sorts you know that obviously preceded that not obviously in a VR sense but with a with a world where you had assets and all sorts of stuff like that but ultimately I think they've got a good ground like to to promote their product and take advantage of the fact that people are scared to go out but the people are scared to go and and mingle nowadays and they're you know they're all COVID they've got the COVID fear so what can they do they can they can stay in their house all nice and safe and then escape to this crazy reality whatever it is maybe someone's invented a world where COVID didn't exist in VR and they can't go obviously because you can't get COVID over VR but maybe you can I don't know anything's possible one out days maybe Mark Willis will I don't know maybe maybe he'll he'll spread a virus electronically that turns into a bio one I don't know all sorts of crazy stuff could happen at just dark galaxy Jones warning spoilers ahead but when William Gibson invented the word cyberspace when Neil Stephenson invented the word metaverse they were talking about the internet they were talking about the internet that you're using right now now certainly we didn't want it all to be in the web browser that's something that happened along the way everything got put into HTTP we lost a lot of the other TPs like FTP and fetch and all these other services and different ways to use this network which is the metaverse which is cyberspace you're already in it so I agree with Dan's second life already exists if you want to walk around in a weird virtual world and make weird virtual stuff it's already there there's already little like JavaScript programs that make a 3d gallery for your NFTs you can walk around and look at your NFTs you can have people over and show off your NFTs I don't see a lot being gained by having Facebook control virtual world the most important thing about the internet was interoperability the ability of anyone to make a new service like there was my space and then there was Facebook there was Yahoo and there was Google and there was altavista there was all these other search engines all these competitors like duck duck go now and these other services having one service having one gatekeeper especially if it's Facebook sounds like a disastrous and horrible vision for the future even if they have all the money even if they already have your account and you'd have to create a new account if you used open metaverse but you can just Facebook log in into Facebook or Instagram login because they've already got you there it just seems like a disaster waiting for humanity instead of breaking up these companies and making them actually compete with each other the way that Instagram on its own would compete with Facebook it would be a rival photo sharing service if it wasn't purchased by Facebook WhatsApp would be a rival messaging service if it wasn't purchased by Facebook instead we're going backwards we're allowing companies like Google to become alphabet and then they just own a rainbow of services that control our data Facebook becomes meta owns another rainbow of services that control our data we're going backwards it seems quaint at the time to talk about when they're going to break up Microsoft so we'd have an operating system company and we'd have an office services company and they would compete with other similar companies and certainly it's very complicated to say break up Facebook or even even separate Instagram separate WhatsApp let's go back to that as a start it's going to be even worse when they tied all together in a meta and they're metaverse and we're just allowing them to do this again remember the first time we built these internet services we did it by advertising and whoever could do it the cheapest and that's how we got these crap social networks that don't protect the users that don't value your data that don't value your input and are using you as inputs for advertising so meta gets us set up to use more and more of our data as inputs for advertising we're going backwards here we're not going backwards I think one of the biggest moves in that direction was Google's choice very deliberate choice to remove the RSS reader as a major part of their their offering Google used to have a very very cool RSS reader where you could basically subscribe to individual websites that were hosted by individuals around the web blogs and and then you would have a reader and you could jump across to individual nodes in the web by them discontinuing that which it was a very very popular part of Google by then purposefully removing that and discontinuing it they caused the aggregators of data to become what they were trying to do which was Google plus and wave and all these other things that became defunct but at the end of the day Facebook really and and read it and other services became Twitter as well became the aggregator to look at curated content or to look for content that you might be interested in and these algorithms became very very good at determining what you are interested in and so you kept on going back there because it was like a trough of of you know it was a news feed you you you literally feed off of this and and so I think it's about consciously going back and using RSS because there's still great RSS readers out there they might not come from Google but there's really good ones and blogs by default do offer RSS feeds and for those kids that don't know what that means it's basically a way for you to subscribe to individual blogs that aren't centrally controlled and to be able to pull the headlines of the latest news into a something centralized that you control and you can unsubscribe from and subscribe to them the reason why people don't blog and have their own blogs that they'd rather use medium is because of that simple one button subscribe and it allows people to see oh wow and keep coming back if you have your own blog in the middle of the internet you might as well be farting in a massive like giant storm no one's going to smell you no one's going to see you no one's going to hear the fart you're not going to get noticed and so really RSS is an amazing technology actually pretty shows invented by Aaron what was his name Aaron Schwartz Schwartz yeah and inventor of red it as well one of the co founders Aaron Schwartz was a big part of RSS and rest in peace Aaron but Aaron Swartz who was persecuted and driven to suicide because he downloaded J store articles illegally and posted them on the internet which is now being done in mass by si hub so it just shows what a difference a few years make si hub supported by user donations Aaron Schwartz did not receive any support and felt very alone I imagine towards the end but yeah I agree Josh RSS is amazing technology Google killed it for advertising they weren't getting enough advertising in there it was hurting their main products they went in that advertising direction the main thing here is that these companies believe that you are cheap skates and will not pay for anything you won't pay $10 a month to use Google you won't pay $10 a month to use Facebook to use Twitter if we did they could offer a completely different model that would be based on protecting us rather than being a parasite or a vampire and feeding off of us unfortunately the death of reader led to many websites removing their RSS feeds led to many people not using RSS has decreased the ecosystem of RSS so it is still available but it's much more difficult than it used to be and it's a much less interesting web than we have now than we used to because I agree Josh I used to have my own blog and now I pretty much do the same thing on my blog that I do on Twitter short messages links a lot of daily posting a lot of posts that was all on my old blog and now it's on Twitter for the reasons you've given I want people to look at it I want people to have a conversation to share it around to talk about it that's right that wasn't happening on my personal blog after Rita got taken on yeah yeah yeah I think we're running out of issues I think we're going to go to the prediction or story of the week Dan I know you're ready with a prediction or a story of the week let's go to Dan for I these are going to be linked and you'll see why when I move from ones to the next my predict whether which one do I say oh it doesn't matter by anyway so today I my story of the week is that today I have Adam who's the the organizer for CoinFest UK he's he's back on the on the case of CoinFest and on his feet again and he is I've just confirmed that I will be sorry I'm in in waffle I confirmed that I'll be speaking speaking singing rapping at CoinFest this year so it's 25th November come to CoinFest and it will be totally awesome and you'll get to see me waffle on a microphone but a different microphone very cool in Manchester UK check out CoinFest towards the end of the month November 25th kind of lines up with American Thanksgiving but if you're over there in the UK or the EU I hope you'll check out CoinFest Adam Meister do you have a prediction or a story of the week go ahead well I'll tie it to what we've been talking about mainstream media it's going to keep on coming up with silly articles um and the algorithms will pump them and the algorithms plays will believe them we're talking about RSS feeds before to you know treat your social media as web pages go don't rely on what's fed to you I go to people's Twitter feeds I go to their Twitter and I read everything that they tweeted I've not let Twitter spit out you know I never check uh whatever they spit out to me okay I don't know what to see they call it the feed they're there I go to people specific Twitter pages read their thing and here is here's the news that the mainstream media thought was very important to tell us today beware of the flippeting seven crypto experts break down the ominous sounding event and its implications for Bitcoin and I said the mainstream media is so out of touch with Bitcoin that they write a 2017 article in 2021 and think it is original and enlightening so that that's the state of the world today if um you know you you see with trending on Twitter it's flippeting I mean if you understand how insane that is and how we've already lived through all these stories from 2017 you are in great shape you are not an algorithm slave you think for your freaking self so think for your freaking self follow me on Twitter at techwalt t-e-c-h-b-a-l-t and uh I'm disruptmyster.com you can watch all my 2000 freaking videos I've made since 2013 about Bitcoin strong hand guys have that conviction great job Toms excellent stuff Adam thanks so much uh Josh Zagala prediction or story of the week go ahead well the prediction uh is that well the story of the week really is that we uh we just gave away our uh first well our second prize uh every week we're giving away a bunch of prizes uh for those that join our weight white list here and uh and uh yeah air pods uh the third generation pretty cool technology um uh so join the white list at the standard.io and uh and we've started to discord yep we've done it this is what it is we i i i can't stand telegram guys i i was in there telegram did my head in so many people it's just constant flow of crap with discord we can organize it nicely we can have fun little competitions we can talk about stuff discuss different technologies uh discuss discuss cryptography and uh and really really get in there and uh and and actually have conversations so um uh jump onto the standard.io we we literally launched the today so i it's not up there yet but jump on the standard.io and uh and join up to the white list and you'll get notified when when you can jump in that very cool thanks so much Josh and uh I think i'm losing my voice so i think we're ahead to the end of this show uh but thanks everybody for giving us that thumbs up subscribe down below uh like Adam said check him out on twitter at tech vault check out the uh bitcoin myster shows there's tons of them amazing stuff. like i said in the beginning uh he's had one thing that he said he said stay humble stack those sats pound the like button like that's it it don't buy a fancy car don't buy fancy houses don't spend your bitcoin uh even if you'd you know just keep your job keep stacking those sats and it'll work out in the end and i think it's working out now for a lot of people so i also want to say my uh closing Friday line Shabbat Shalom everyone very good very good it's great to have everybody and uh until next time bye bye bye