#283 โ€” The Bitcoin Group #283 - AMC In the Box - Bitcoin $90,000? - MayorCoin - Truckload of GPUs

๐Ÿ“… 2021-11-12๐Ÿ“ 7,087 words

The Bitcoin Group, the American original. For over the last 10 seconds, the sharpest Satoshi's the best Bitcoin's, the hardest cryptocurrency talk. We'd like to welcome our panelists. Josh Shigala from the standard.io. No. Morning, morning. Peter Todd, the crypto crono-mancer. Hello, world. And I'm Thomas Hunt from the world crypto network. Moving on to issue one, AMC theaters to accept Bitcoin, either for online payments. Dogecoin will be next. Famous for their inclusion in the Reddit stock tips excitement. AMC theaters has really followed through offering to accept cryptocurrencies online, where it's easy and safe. Still no Bitcoin ATMs, still no standy displays in their lobbies, still no word on GameStop. Josh Shigala, the news is excited. Are we supposed to be excited too? I mean, the thing is with theaters is you kind of what they really want to do is have some sort of mortgage re where you can put your house up for mortgage so you can afford the popcorn at the theater. Take a loan out against your, that would probably be the more useful. No, but Lightning Network could be great if they could initiate the Lightning Network, of course, because that would be great. More of this sort of network effect stuff, but everything else. I don't know. What are we in 2019 like, sorry, in 2000 and I don't know, 13 when we're celebrating every little shop that I don't know. People even go to the cinema now. I don't know. I haven't been to the theaters in more than two years, but watch out Josh, you're giving rocket mortgage ideas. I could see a kiosk in there where you'd get free popcorn and a new home mortgage and everybody would go for it. I remember in college they were giving out like cups and tote bags and t-shirts and they were getting a lot of lineups all the time. Well, in America you could also give away like AK-47s. That's something. Very popular, very popular, even in movie theaters. Peter Todd, your thoughts about AMC, accepting Bitcoin online. Well, for the record, I haven't been in a movie theater like six years. There's limits my knowledge here, but I think first of all is like AMC and El Salvador because if so, they're already accepting Bitcoin. But it'll be on that. I mean, what do you expect this cheap to go at? Like why wouldn't you? You know, there's so many of these places have like payment lists with like five different ways to pay anyway. You know, why not add a six for? And if they're doing like Bitcoin, post-dogecoin, plus you know, like ether and God knows what else they're probably just doing through some payment process, records handling everything. It's amazing. You can pay more ways through AMC than the Wikipedia is the Wikipedia. It is study and they found out that less people donated the more payment options you added. So AMC stock price already went down. They're already a company on the decline. And once again, they're failing at their opportunity to adopt Bitcoin and whatever ether does, whatever they want to adopt, get in on that meme coin thing, get those Bitcoin ATMs. I don't understand why people don't write stories like Josh wrote a story recently here where he said you could get a mortgage with a free popcorn. That's a beautiful story. Why don't they write the story where people start buying their Bitcoin at the movie theater? I go weekly to the movie theater. I get a popcorn and you know, two little pieces of Bitcoin and maybe someday they'll tell their grandparents, their grandchildren how they bought that Bitcoin at a movie. Wouldn't that be a great story? Instead they're going to be like AMC goes out of business. Even though they have to use the NFT of the popcorn. Yeah. I know we have an NFT. Yeah. Why do we have to go to the movie theater, pick up our popcorn and move it off to the theater? Why can't we NFT it? So all those steps happen, but with digital tracking and ownership. Yeah. And this is their chance to get ahead of that. We all know the real reason to offer gift cards is that people don't use gift cards. I have no way of gauging how much movie popcorn I need in the future. And if they sell it at a good price online in an NFT form like Peter is saying, I'll probably overstock on popcorn. People will probably think it's a joke to brag about how much popcorn they have. They'll probably buy it all AMC. You clearly don't try like you're like that Wendy's account, but really lazy. Yeah. And you could pay with Caescious coins. Maybe that would be cool. Bring back Caescious. Yeah. I think I have all kinds of Bitcoin kiosks. I'll kind of Bitcoin arcade like lightning things where you could pay and play pinball. They could really adopt this thing at least in one location. And the media would write about it. But instead we're just getting this online offer again. So let's move on to the exit question. Is there a movie you'd like to see in the theaters? Is there anything good that you've seen lately? Josh Shagallan. No, it's all propaganda and programming. It's all nonsense. Can't stand it. Oh, terrible. Peter Todd, a movie. I mean, I fly so much. Like I get to go see all the new releases coming out and stuff like that. I honestly can't tell you a single one that I can think of in like the past, you know, 10 flights. Like there's just so unremarkable and forgettable. Yeah, it's true. You know, it's just, it's terrible. Hollywood's died. I saw a free guy lately and I think it's fantastic. You should check out free guy with Van Wilder, Ryan Reynolds, Deadpool. He plays a non-player character in a grand theft auto type world. And he's like an AI that comes to life. It's much better than pinch with Tom Hanks, which plays like a violin on all your emotions. There's a dog. There's a robot. There's Tom Hanks. They're in trouble. Stuff like that. So, but yeah, that's the level of writing that you seem to be getting out of Apple TV movies. I don't know why that's happening. But yeah, it was a pitch. It should have been a pitch meeting. I can't wait for the YouTube guy. YouTube pitch meeting. Finch. And again, I love sci-fi. I love the robot. Like they totally played on me at every point. But still, just messing with people. All right. Moving on to the next issue. Issue 2. Jack in the box. Sowing. Crypto Exchange FTX says it raisinley copied its Jack mascot. Both mascots have big white round heads and blue dot eyes. Moonman on the left. Jack in the box on the right. Peter Todd did FTX, which also bought Blockfolio, which also sponsored the umpires of the Major League Baseball World Series, which advertised with Matt Damon in a museum like commercial with an African American Satoshi astronaut. Did they steal Jack in the box's logo? Or even better, did they steal Jack in the box's logo on purpose to get more attention? Peter Todd. Well, as a guy with a fine arts degree, you know, I can go tell you that what really matters is how the idea kicks out. Because just like movies, there aren't that many good ideas in art. So it's not that surprising when two different people come with the exact same thing. Now, they might want to go defend it, like convincingly show otherwise, but yeah, maybe they stole it, maybe they didn't. Like especially in logo design, you see tons of logos that are identical. Just because how many boxes and circles and whatever are there out there? The idea of making a logo of some white thing with a bunch of eyes on it. It's like, yeah, that's an easy thing to go draw in 3D graphics. You know, they could have come up with it independently. Maybe not. We'll see. See what the lawyers think. Josh Shagalla, did they steal the moon man? No, but I definitely think they should sue every single child on earth who makes a snowman this year because it's time to bring down those copycats, snowman building kids. I want to stand up for Jack in the box here. If no one else will, they clearly had the Jack logo. When I saw the moon man commercial, I thought, that looks like a dirty Jack of the box. Did you rub them through the dirt? I really, the moonness is not very clear. If I was FTX, I would have went with a more distinct moon mascot, like the McDonald's mascot, Mack tonight from the 1980s who actually has a crescent moon shaped head. As you can see from all of this prior art here. It's a very unoriginal commercial, I think perhaps intentionally designed to get sued. When the FTX come from anyway, they just appear out of nowhere and it was suddenly big. This is an excellent question. As far as the basic details, there seems to be some kind of a cryptocurrency trading vunderkind who made tons of money started his own exchange, called it FTX, and then went around buying things like Blockfolio. That's the reason I know about them. But no, basically, yes, they seem to have tons of money and they want to be in exchange and they sponsored the baseball. Like this thing in crypto.com, crypto.com is everywhere. They're sponsoring basketball players on the uniforms. Like, it's crazy. We're mainstream now, man. We are totally mainstream. Exit question, what do you think about FTX's promotions? Will they be successful? Will FTX be the best exchange? Is it going to be Coinbase or Kraken who recently started their own national hockey league franchise to get more attention? Peter Tonne? Kraken started a hockey league. There's a team in Seattle named the Seattle Kraken. I can only assume Jesse Powell is doing very well and owns a hockey team. That's just a rumor. I'm just... I mean, the problem is, like with Bitcoin so big, I can't tell whether or not this is real or fake. It's only fake so far, but the team is real. I mean, Kraken is a good name for a team as well as the Bitcoin exchange. Peter goes with Kraken, Josh Agala, FTX. Will it be a wild success? Will we all be looking back at this? Like, that was the greatest advertising in history. No one is... My hope is still on proper decentralized exchanges. And these decks are pretty amazing. The DeFi space is much as it's full of nonsense and people washing their own pockets and putting money from one pocket to another and stuff. It's still... The impure numbers... It's doing more volume than all of the entire Fintech space put together, including Venmo and some of these unicorns. No, we run Voltoro. It's a centralized exchange. But it's... I think decentralized exchanges are the dream that you want to head towards. I don't know if it'll happen. All right, I mean... 30 seconds to pitch you the perfect commercial for strike. You do the 1984 Apple commercial. You have Brian Armstrong with his bald head on the TV, speaking about Coinbase and how great the future is going to be when all your transactions are owned. And then Jack comes in, dressed with a full wig, and that torch thing and he throws the hammer into the thing and it says, F Coinbase joins strike. We need more dramatic stuff like that. Sorry Peter, I cut you off. What would you say? I mean, look, if you're going to be throwing things with a name like Strike, why can't we make a bit bowling based? Like, who doesn't want to see much pins fall over? I think you've all over the series with a full Lebowski. You put back in the Lebowski costume again with the long hair. That's my theme for Jack plus long hair equals joke. And then you just keep repeating that. I think Mrs. Dow fire. I think you go with some buddies. I think and you just do all these like just steal everything and just keep stealing things until you get sued so that you get an advertisement in the thing. Like right here, the verge.com was advertising FTX because they got sued by Jack in the box. Synergy, baby. Hey, Peter, in terms of decentralized exchanges just quickly, is we don't get you on the show very often. Do you think there's a possibility that there will be one that's using the Quiddity Pools properly and sitting with Bitcoin and all that sort of fun stuff? I mean, I don't think like... I mean, the issue there is like the sort of the Bitcoin side of things is easy enough. But trying to then figure out how to do useful exchange with currencies is tough because he had to verify trades happen. You know, he suddenly gets weird reputation systems. It's just very, very ugly on so many levels. And it's just so hard to compete with something like Crackin' where there's a company. And I know that you know, my Canadian dollar is going to wind up in my bank account. And that's that. Like I use Crackin' all the time. And you know, it works really well at what it does. And same things like with full Bitcoin. I mean, again, that's the other one that I actually personally use. And you know, maybe centralized, but it's not custodial for any real way. And it works. Like, it's just a very hard thing to compete with, I think. And what I think you're more likely to get is not so much decentralized exchange, but maybe decentralized order books in a way that then gets settled in somewhat more opaque ways than say a true centralized exchange would be. And like what I mean by settled is, you know, like if we have an order book where I can, you know, sell you some Bitcoin and you can send me some cash. Two other participants in it. It's not as clear whether or not that trade actually happens, right? That's where the opaqueness comes in. And that's very hard to get away from. Yeah, yeah. Until everyone starts accepting some of these stable coins that are pegged to the fiat, then. Yeah. And that's only a transitional state between, you know, that what we have now in like full Bitcoinization or full digital currency, you know, whatever the heck the digital currency is. Maybe it is a US dollar, you know, but like there's just not that much room for these ideas. Yeah. Well, we're not with 60 bucks of stakes and $8 of petrol at the moment. Jesus, I saw that inflation is insane right now. They're heading towards hyper. There is an infinite amount of cash at the Federal Reserve. Yeah. Yeah, sure. Yeah, sure. Well, I think I said on Twitter the other day how it's just hilarious to go cues Bitcoin of trying to take down the US dollar when they're doing perfectly good job. Probably by themselves. Yeah, it's so true. That is spot on absolutely. Well, it is the first month that they've noticed inflation since 1990. So we're making progress. We're making progress there. They've noticed it. Moving on, check out the WCN Clips channel. WCN Clips. We've got clips on YouTube. Subscribe now at WCN Clips. Issue three, Bitcoin to hit 90k in coming weeks despite pullback. It's a case of if and doubt, zoom out this week as Bitcoin heads for a showdown with Taproot and ETF approvals. Josh, a dollar, the price of Bitcoin is it heading to 90k? Yeah. I mean, just like I said with the stakes going to 80 bucks and petrol, gas at 8 bucks. I don't think Bitcoin's heading to 80k. I think the dollars heading down so Bitcoin reaches 80k. That's what it looks like to me. I don't know. It just seems like everyone's obsessed with that price. If the dollar really screws up, I think we're all pretty much screwed. Yeah, can we stop pricing Bitcoin and US dollars? Yeah. We're just repracing it and maybe it'll pound like 8 bucks. I mean, that's why it's that. I was like, let's price and go. I think we should do it in meat like Peter's saying, pounds of stigma, Bitcoin. How much meat can you get? But anyway, don't worry. We don't just have coin desk or coin telegraph writing these breathless articles to tell us how high the price could go. We also have the Bitcoin predictor ball. So Peter and Josh, it's now your chance to predict against the ball. Josh, Shagalla, will the price of Bitcoin be higher this time next week? Yeah. Peter Todd. Maybe. Fencing. Very predictive. Maybe a push. One of the worst predictions. Here we are. We asked the ball. We shake the ball. The ball constantly fence it's man. So don't worry about it. The cause bubbles. Here we go. Will the price be higher this time next week? Without a doubt, without a doubt, the ball has spoken. That is, that's truth. Moving on to issue four. The Miami Herald is serious about popping up ads. Suarez says Miami residents will be getting Bitcoin yield in digital wallets. It's a complicated story. Let's try to break down part of it. Miami created Miami coin, which they then allowed people to mine. And somehow made $21 million. The $21 million is being denominated in another cryptocurrency called stacks. When the stacks are locked up, there's a 10% Bitcoin dividend or reward for securing the stacks network. Therefore, the city of Miami will now have a 10% yield $1 million in Bitcoin, or $2 a resident. What this could be, thousands in a decade. I also have beachfront land in Nevada. And some incredible swamps in Florida to tell you. Peter Todd has the mayor of Miami cracked the code with stacks, Miami coin, and this brilliant plan to pay the citizens all $2 based upon just incredible financial market success of Miami coin. Remind me again, how many dollars does it take to send a $2 check to every citizen? I think we could send it to them in Miami coin. Yeah, well, the gas fees on that. This sounds like one of those projects where the outcome is, oh, shoot. What are we going to do now? That's pretty much the notice operando of any government scheme. They're already launching a sequel called New York coin. And the company that's making these city coins is going city to city, creating these new coins. It's a reminiscent of what was the Icelandic coin? Aurora. Aurora coin. We had California coin back in the day. We lived in California. So we mined some California coin. We were patriotic in that way. Unsuccessful in that market. But yes, it's all come back again. The cities have figured out they can print money out of nothing. They can put it into the stacks thing, which Adam back on Twitter said, reminded him of Hex, which is always good when the city of Miami is right there with Richard Harden Hex. You like to see that? And I can't tell New York cities in the same boat. Government's a great at building Ponzi schemes as much as they hate it. Like the entire retirement scheme, you have to get more young people into the workforce to pay for the old leaving. So, you know, that's why China's and shit out a lot because I had one child policy for so long. But yeah, these sort of schemes are obvious sort of weird Ponzi, right? We'll put in stacks and then we'll pay you real Bitcoin. I'm getting real Bitcoin to people. They have to actually get this stuff. That's rare. So, I don't know man, it's kind of wacky. I think, yeah, I don't know, I don't know where the scam's heading. Like if politicians, celebrated openings of new factories and restaurants and other things, like half as much as they celebrated all this nonsense. Like come on. Yeah. I just think it's great to see all these people go through their Bitcoin learning process. But the problem is a bunch of them seem to be babies and children and toddlers and they're not learning very fast. So, how many of these like quasi-scams, these like, well, I guess it's a, what do they call it when it's a star doing the thing? It's based on their identity. So, Miami is selling their identity of that kind of scam. Oh, what like affiliate scam? Yeah, there's a lot of those. Like you become an influencer and then you put out a scam in your name and every influencer has to go through it and now it's at the city level. Like soon a state will come out like Nebraska. I'll be like Nebraska coin. We're going to save the government of Nebraska by putting our money into stacks, flex technology. And we're going to get 10% yield on our 80%. Like somebody's going to do this and it'll work the first couple of times. Then eight more states will do it. And then they'll get over leverage and they'll crash. And then they'll blame Bitcoin. The important thing is after all, they blame Bitcoin. Like speaking of, you know, I am selling stacks of open timestamps coin. Stacks. As long as they're in a stack. Yeah, just have to put coin on the end. Hey, um, you know what's interesting is that, you know, in the EU here, we have the ECB, this sort of super state structure so that members of the European Union can't print their own money. That's why Greece had to like, it couldn't just print their own money to get out of problems that had to like actually, they had to actually sell a crop losses and an actual land and iron to the sea. And the sea video would just print the shit out of nowhere guy. Here you go. I, it's the weirdest things. I, you know, it's kind of weird. It's the same sort of in the state. You have the federal reserve and now you've got the little ones, the little states that can't print their own official money. So maybe now they just get into this crypto. Yeah. Exit question. Who will print their own coin next? We've got Miami coin. We've got New York City coin. Peter Todd. Name the next coin. I said for Cisco coin. They're dead broke anyway. They may as well do it. Do you think it'll be a similar like built by this company? Because this company's going around. They're handing out flyers. So if you're the mayor, you're like, I read a flyer and we're going to get so much money. Or do you think like an open source roll it up like San Francisco like a real. It's San Francisco coin. You got to go back it by use needles into human excretion. For every pound of human experiment that we collect, you we will print a thousand San Francisco coins. Yeah. Yeah. It's beautiful. Josh Shagalla other than San Francisco, who prints their own coin next? Well, you know, the NBA they found these NFTs right and they're like, oh, yeah, wow, we just made 25 million bucks. We made 50 million what? And you know, liking true, totally not understanding money at all, they just go, we made what? 50 million. Print more. More of them. Get more NFTs, more hot shots. And I think this is probably going to be the same with any of these state coins. They go like, hang on, we raised how much? Print more. So you sort of like trusting. Yeah, just I don't know, probably some sort of sports team rather than another state. How how would they screw that up though? Like baseball cards being a thing for decades. They know how the collectible market works. You know, like this should be no brainer for them. It should be, but they are literally screwing up there. The NBA and I just pumping this stuff out like there's no tomorrow. And yeah. Well, and it's maybe there's more than you think. No, it's sad. The model is right there. You copy this board Ape yacht club. You get an artist to draw an awesome picture of every NBA player plus the team. And then you sell one of ones and let the market go totally insane over collecting their favorite player and let the players fight with the other players to own each other. Okay. So here's the thing though. Like, yeah, now it's terrible. Now it's the words coming out of my mouth. So terrible. But remember, we got to look at this from the perspective of the NBA. They might be looking at NFTs and thinking, all right, this is Paula nonsense that'll be completely gone in five years. So let's maximize our revenue now before it's gone. Yeah. If they're not there, no, they just they just have to go for it. Like gosh, the one of ones, man. But thing is if if if that's their mindset, it makes sense to go print as many as possible with flow of the market. He's got one shot and making money out of this. You might as well take advantage of it now. Yeah. Yeah, like you said, but I've had years of experience with collectibles. So like, yeah, but collectibles have been durable for years. Like if they actually think NFTs are going to be totally gone in five years, it makes sense to flood the market now. Baseball cards will probably still be around at 50. Well, if I can see this appears, tops used to have the deal with Major League Baseball, they lost it after 50 years. They made their first set of NFT baseball cards on wax. And now everyone's just needing to see what the new company will do. If they I'm sure they'll make NFTs, but what platform, what type, etc. Yeah. Topps, were you were you an ice skating guy coming from Canada, but you like into that sort of thing? Top Peter. Yeah. I mean, I knew how to skate, but I didn't, you know, I never really got it talky or anything. Yeah, yeah. And by knowing how to skate, like I could go very fast, I could turn well and all that, but what's the so good at stopping? The stopping bitch, you know. And that's the one that all that that looks really cool too. Yeah, yeah, I could do a hockey stop, but you know, like there's all kinds of stops I wanted to do. I was mainly good at that one. I do the Japanese school go stop. That's my yeah. I was it. Can't really do anything else. Well, I mean, I'm sure you can do that go straight at the board as fast as you can and just slam into it. I like doing that. It's also fun. You guys have no idea how bad it was in California. The roller blades. Yeah, this will stop around the back. You couldn't do a case. And you were outside on completely uneven ground at any time. You were like doing well. Like I can skate for no, no, no, you cannot happen many times. Here's my dentist card. Yeah. It was a wonderful time moving on to issue four issue four truck load of GPU stolen on their way out of San Francisco. San Francisco is in the news again. After being mentioned in the last issue is the place most likely to make their own coin. As a US based Nvidia partner, EVGA has reported that a truckload of stolen GPUs has been taken. They've voided all the warranties. So I'm sure they won't be used for cryptocurrency mining. Josh Shagalla is as exciting to see Bitcoin criminals branching out into actually stealing truckloads of graphics cards to mine Bitcoin and crypto currencies. It's amazing. I mean, I don't know. Maybe they just accidentally found this truck and rolled it. Did they? Yeah. Anyway, it's really it is amazing. I think there's there's better things to steal though because soon you just switch on too much hardware. Remember back in the day, like the cops would beat down houses because they think they'd be like growing weed and it was just like some dude with a bunch of graphics cards. Yeah. All right. For the record, let's just be clear. These are not going to be used for mine Bitcoin. Mining Bitcoin and GPUs is stupid. Yeah. Nobody does that. No, it's going to be mining San Francisco coin. Honestly, it's more likely that this is going to be sold to gamers. Yeah. Because like what it was really gone on is that GPUs means you know, snapped up for crypto mining operations, non Bitcoin crypto mining. And then gamers, you know, they're still willing to pay, you know, good money for GPUs. So they'll probably get sold one at a time, gamers. I mean, you know, it's in Francisco. It's not going to be a lot of stuff. More gamers can get any cards is out of the back of some truck somewhere. Pay an only in cash like a dirty transformation like dirty transaction. I don't know if I trust a graphics card. May like that still deals with VGA. A cousin got this card. It fell off a truck. Now, I think it's super exciting. In my mind, there's an entire heist film where the guy is know that there's going to be graphics cards in the truck. And they even have like the nerdy guy on the computer and they're like, how much hash power is in this truck? Oh, that really does stuff. Yeah. And then yeah, then the hero of the film is going to be the guy. Finally, does a better deal. It provides all the poor gamers who just can't game because they can't get GPUs with the other GPUs. I think we like the Robin Hood. They take the take where they're taking the center. And their data center contract is a DAC. So he interfaces with the DAC and he outsmarts it the way the Dow hacker did. He like makes his own Dow above it. And he takes over all their hosting and all their hash power. Then he gives all that hash power back to the gamers. So now everyone can have good graphics and computing all free because the computer's alive now. All right, I'm going to do a new proof of work where it does need a GPU. But it needs a GPU playing counter strike. Yeah, so it's a human view is this thing? Yeah, yeah, so you have to get head thoughts. Yeah, proof of two. Yeah, proof of pills. But you know, the GPU is the central part. You have proof that you're rendering counter strike. Well, and once you get that down, you want to have it play all games. And basically what you're making is like a terminator for the virtual world, where it just goes out there and it's like everyone complains that games are too hard already online. People are too good. So you make the perfect killer in all games. And it just keeps learning. And it just keeps hunting. And then that's produces the coins. Yeah. And then it learns about Fortnite. It just gets fast and just like, he man dies fine. The kids really big forts gives up on the whole killing thing. Yeah, yeah, yeah, mostly socialized with friends. You know, it's other AI friends. You know, he man he saved. See, that's why everyone should be free guy. It's just so good. Moving on to our bonus issue. I added just because Peter's here. I'm made your upgrade to Bitcoin is happening soon. According to CNBC, here's what investors should know. Taproot, a highly anticipated upgrade to Bitcoin is going to go into effect in the coming days at block 709,632. Some sources say it'll go alive as soon as Saturday. The first major upgrade since 2017 includes snore signatures making Bitcoin more private, efficient and less expensive. It'll also let Bitcoin execute smart contracts on the blockchain. No explanation given what that will be. Some experts believe that taproot will have a minimal effect on Bitcoin's price. That's what people really cared about. Peter Todd, should we be excited about the taproot upgrade? It seems like years and years and years, but it's finally here. I mean, if you're an investor by now, it should be basically priced in. Because really, the only thing that's going to happen, the moment it upgrades, it's a little bit of uncertainty over whether or not it'll actually activate without Bitcoin blowing up. And it's very hard to point with scenario where that would actually impact Bitcoin for more than a few hours, even if everything was screwed up. So, in terms of investment, that's actually your impact, which is minimal. And the other bit of advice this give is don't listen to CNBC. They're terrible. Totally. I think it's a bit of a problem. There's like Bitcoin blowing up. That's cool. Yeah. I call on return. There's fun stuff you do at taproot, but I don't think it's hard to directly connect that to Bitcoin price in a nice, exciting way. And this is a bit about, you know, enables Bitcoin to smart contracts. It's such utter nonsense. Like, lightning is a smart contract. And I don't know if you've checked, but there's a lot of lightning transactions going on. You know, like taproot doesn't do anything more than that in a fundamental way. It makes a lot of different things more efficient, but these are like fundamental, you know, categorical changes. It's more like a lifestyle update like you bought good shoes, and over time, your feet will feel better. But it's not going to happen right away. The only way the media understands things is right away. So can you tell them that like, there'll be NFTs on Bitcoin, which they're already are on RareToshi. They'll be like new better NFTs. They'll be instantly like smart contracts. Like are people ready? Are they like, we've been spinning up companies to take advantage of. All you've ever needed to make an NFT in a sane way that actually works, has been available in Bitcoin for literally day zero. Yeah. It makes no sense to tie NFTs into the logic of Bitcoin itself. It's crazy. Yeah. Maybe we had like collo that you could just do it straight away of their app. Yeah, it's not hard. The IPFS link. Yeah. See, the hardest thing about NFTs is not being actually getting the technology to work. It's getting a community that's officially full of scammers to generate hype about it. I can see a formula on the wall of like how many community members you need and how much hype and this kind of picture and that kind of picture. I mean, the problem with Bitcoin is it's really lacking the off-pipe op code. The hype op code. Yeah, which is unfortunate. Maybe the taproot is maybe a mini hype op code. Yeah. Yeah, maybe. Yeah, but you're right. But this is the number of the hype was there in this article. They were saying taproot by encouraging privacy and secrecy could cause governments to attack Bitcoin again, which the media was displaying is bad. But if you're looking for Bitcoin advertising. So that hype was there. We've got that kind of hype. But yeah, it's funny to see we still don't have a Bitcoin marketing agency or Bitcoin professional group brandy kind of thing. Even Adam Back was saying on Twitter that, you know, Bitcoin doesn't have this. And still kind of like, I mean, there's literally a Bitcoin professional group or what the heck they call themselves. I mean, there was the Bitcoin, you know, social jax. Like I think like that just goes as says that we found that those things are inevitably toxic because they get taken over by terrible people or they're just ineffective. They don't matter. You know, like there's a Bitcoin standards organization if I remember correctly, which is just your basic professionalism standards for, you know, like what knowledge do you know? And they're perfectly fine from what I can tell. You know, they run some tests and that's that. I lost a, I paid a whole bunch of money to in the beginning of this thing called the Bitcoin level with the association. The association, the Bitcoin foundation foundation that's been that long. And I never got anything for that. I don't even know why I found this thought. That sounds cool. It was like a 10 Bitcoin lifetime membership. Yeah, that's right. Yeah, yeah, yeah. You know, could you speed your money right there? Yeah, fantastic. I'm loving that. Yeah. And Brock appears somehow gets to be the president for life of that organization. It's been incredible. Like as far as like resume building, he's just the king of that. Like that thing for life. And then John Oliver made fun of him on EOS. He disappeared for a while. But now he's come back and EOS is giving him, I don't know, $200 million or something to start a company. And it's just, it's great, man. Way to go, Brock. Yeah. Yeah. But yeah, I'm excited about this upgrade. I think it's really fun. But like Peter said, it's all priced in. What's actually going to happen, the price will go down as soon as it works. Because, you know, pump pump pump and then sell the news. And everyone will think, oh, there won't be any good news about Bitcoin. For another like few, well, until the next harveting. And someone will go, yeah, but smart contracts. Oh, you mean our efficient multi-seag. If taproot activates in the price does nothing, that will be a side of maturity for the Bitcoin market. Yeah. Yeah, well, it's such a geeky upgrade for you. Like four years ago, we had the horrible fight for UASF. Then we had another fight for 2x back to back. And now we have taproot. No one's fighting at all. We don't have to put little icons in our Twitter. No one has to buy any hats. It's been a lot cleaner this time. Yeah. Well, it's because it stakes are much lower. I mean, Seiguid was fundamentally about what the future of Bitcoin will be. Now, and then prior to that, like, say, you know, my check-hawk to the verify upgrade or check secrets verify, you know, those were actually kind of uncontroversial. Because at the point, they weren't about where Bitcoin would go in the future. They helped shape that. Like, they helped make lightning possible. But they themselves weren't that pivotal point. So we might find actually something kind of innocuous after taproot is the big, you know, issue. Only because it, you know, extends taproot and just far enough to do something, you know, I haven't thought of it yet that change has been going. But, you know, like that, that's the issue. And taproot, it just won't fundamentally change Bitcoin. Lightning does. And Seiguid made lightning possible. It's always the quiet ones. It's the quiet upgrades that get you check out the WCN Twitter account at World Crypto Net on Twitter. Marwee from El Salvador from Venezuela has been doing all kinds of great tweets on the World Crypto Network Bitcoin Twitter account. Check it out. We've got an old interview with Tatiana from the money 2020 conference. Oh, we've got an old mad bitcoins from 2013 all on the World Crypto Net Twitter account. And we're running out of time, but we've still got time for predictions or a story of the week. Josh Shagalla, are you ready with a prediction or a story of the week? No, I'll have to leave it up to Todd for now. Peter, sorry, I always call you when you last name Peter, sorry, me. All right, Peter, Todd, are you ready with a prediction or a story of the week? Go ahead. Well, I'll give it a be talked about Tapper. All right, I'll make my prediction with Tapper. Between two hours before Tapper, enables in two hours after the price doesn't change by more than 10%. I may be completely wrong because price much is if you've all tell anyway, but that's my prediction. And I'll try going for that. Predictions for a peaceful and loving and a merry taproot season. Yeah, it sounds a very seasonal from Peter, Todd. Josh Shagalla, do you have a prediction or a story of the week? Story of the week is our, we've got a discord server. Everyone said go to discord. And it's just it is so much better. It's so much better. Telegrams to frickin' nightmare. It's I don't even know why people use telegram when it gets more than like five people because it's just nonsense. So it's quite good. Everything will be nicely categorized and chat and actually communicate and do real governance in terms of debating, you know, things. So yeah, I'm pretty happy with that. So check out on the standard IO and check out community. And what's the magic word they should use in the chat to prove they watch to the end of the show? Oh yeah, you watch mad bitcoins, I guess. Mad bitcoins. Mad word. Well, I think we're running out of time for today. So everyone be sure to give us a thumbs up and subscribe down below. Thanks so much for joining us. Until next time. Bye.

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