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. One arc from Ellen Bits. Hello, Shemayak, and evening everybody. Dan Eve, the crypto raptor. Happy Friday, happy high day. Josh Shagalla from the standard dot I.O. Well, blow me down. It's another Friday. Martin Wismer from General Bites. What's up? And I'm Thomas Hunt for the World Crypto Network. Moving on to issue one, issue one, Bitcoin's trajectory looks intact, but December's jump to 100k, unlikely, say analysts. Currently, the price of Bitcoin is down. 5% 5.5% in the last 24 hours with the last of 53,778. What has happened to the Bitcoin price, my teen, Wismer asked before the show, and now we bring on mad bitcoins to give us the answer. What happened to the Bitcoin price? In the limo is son of a bitch, no arguments. Fuck, man, there's a beverage here. Start talking and start talking fast, you lousy bum. We've been frantically trying to reach you, mad. Where's my goddamn Bitcoin price, you bum? Well, we, uh, I don't know. They did not receive the Bitcoin unit, wit. They did not receive the goddamn Bitcoin. The price was in your hands. That is our concern, mad. No, man, nothing is fucked here. Nothing is fucked. The goddamn plane has crashed into the mountain. Come on, man, who are you going to believe? Those guys, we dropped off the damn Bitcoin. What? I, the royal we, you know, the editorial, I dropped off the Bitcoin, exactly as per, look, I've got certain information, certain things have come to light. And has it ever occurred to you, man, that given the nature of all this new shit, that instead of selling and losing our heads, maybe we should be buying and holding? Maybe we'll just end up with more Bitcoin in the long run. And this whole thing might not just be so, you know, so simple, you know? What in God's holy name are you blathering about? I'll tell you what I'm blathering about. I've got information. New shit has come to light. And shit, man, Bitcoin is really fucking cool in the long run. Well, look at it. Young digital currency. I mean, in the parlance of our times, owes Bitcoin all over town, including to known cryptographers. And that's cool. That's cool. But I'm saying the price needs buyers. And of course they're going to buy when you're sleeping, because they want more, man. They've got to buy more Bitcoin. I mean, hasn't that ever occurred to you, sir? No. No, Mr. Bitcoin's. That had not occurred. That had not occurred to us, man. Well, okay, you're not privy to all the new shit. So, you know, that's what you pay me for. So speaking of which, would it be possible for me to get my 20 grand Bitcoin? Because I've got to check with my account on this, but my concern is that, you know, it could bump me up into a higher tax. Brat, give him the envelope. Well, okay, if you've already made out the paper wallet, we received it this morning. Since you have failed to achieve, even in the modest task that was your charge, since you have reduced the price of Bitcoin, and since you have unrepentantly betrayed my cryptographic proof of work, I have no choice but to tell these bombs that they should do whatever is necessary to recover their Bitcoin from you, mad Bitcoin's. And with brand as my witness, I shall tell you this. Any further harm visited upon Bitcoin shall be visited tenfold upon your wallet. My God, sir, I cannot abide another price drop. You will not abide another price drop. Ben, Ark, what happened to the price of Bitcoin? Our beautiful, beautiful Bitcoin price. I will know what happened to my Bitcoin. I mean, I don't know what happened to that guy. He's seen him in ages. I hope he's okay. I hope he hasn't been wrench attacked. He probably went off and sit on some beach somewhere with all his fat stacks. Curzy had the right, the one and only play, which is by the Bitcoin, hold the Bitcoin way a while. It goes up in value, it's on a beach. And then, yeah. It just shows that all these people who people put stock in for a price on what Bitcoin's price is going to do can be wrong. And everyone thought it was going to go to 100K by the end of the year, including me. And a lot of other people, so it's not relatively low, considering what it's supposed to be. Unless it has a sudden search, I don't think we're going to hit that 100K. But it doesn't really matter because Bitcoin doesn't work to our human time scale. It works with block times. So within a short period of time, it will hit 100K, of course. And then people can finally take those annoying laser-eye pictures off their Twitter profiles, or change something else perhaps. But yeah, so it's just a matter of time. It'll get there with all the incredible work which is happening in Bitcoin at the moment. The Sansa, the El Salvador stuff which has been happening over the past few months. All these real world use cases, which is helping build Bitcoin and the Bitcoin infrastructure out. And then we have a lot of different solutions, which are suddenly being used by big corporations. And they've got their eyes on Bitcoin, and all the great news of people finally, so like the Bank of America, finally accepting Bitcoin is an important part of our future. Financial system will get there, but not by the end of the year, sadly. Ben says it doesn't matter. But what am I going to do with all these Plan B t-shirts, these Plan B hats, the Plan B scarves, and necker chips, and caps? I've bought them all. Dan, Eve, the price of Bitcoin's going down, does it matter? No, no. And you know, what goes up, bus comes down at some point, but just a kind of reminder that in 2017, so Bitcoin started December 11k, peaked at 19.5K, and then finished at 14.2. So that's like, it nearly doubled, right? So, and if Bitcoin was to, and then 2020, it started December at 18.8K, and it did double to 40.8K, and then ended at 29K. So it's not actually too unrealistic for it to pump and hit 100, right? It's still under 100% from here, like to hit 100K. So whilst it's not completely gone that prediction, just a reminder about, you know, the analyst is saying, I just can't take it seriously anymore. It's a kind to, for me, it's a kind to like those articles that like say, scientists baffled by, because some scientists are always baffled by something, like for example, well, like, like, even analysts and scientists alike have said that electricity would never catch on, that internet wouldn't catch on. And they've been saying it for years, that Bitcoin would never catch on, and it's here now. But, you know, I'm sure they were saying it definitely at September 18, 2014, which is when your mad Bitcoin's clip was, and the price was $424. So it's what, like, 100 times that now is more than 100 times that price. So there's probably going to be people saying it's not, when it is over $100, it's not going to catch on, and it won't reach 200K, but it will reach 200K eventually. But Bitcoin's a meme, right? And it's very, we're not a bit, we're just powered by memes, you know, it's got a very emotional sort of trading pattern to it. And people freak out and completely dump the Bitcoin when they're the first sign of panic and then the first sign of buying, you know, the community kind of clubs together and you have this laserized stuff and people that it memes, Bitcoin's price into another level. So although it may not hit 100K, like just in December, I think it's definitely, definitely going to hit it. And just want to go all the way back to 2001. Another reason why analysts say is a really silly thing, Richard Weisman didn't experiment where he had a child and an astrologer and an expert and they were predicting stocks. And T. LeVern Robbins, the four year old child was only down 11 pounds. So this was just after the, you know, the, the, the, the, the dot code, you know, just the dot com sort of boom and things were kind of on the decline. So it's so T. LeVern Robbins, the four year old was only down 11 pounds. The astrologer was down 294 pounds and the expert was down 178 pounds. So the expert, the analyst was the, was the, the middle worst person. And so if you want to get information about whether Bitcoin's going to hit 100K, ask a four year old. And also like to ask everybody watching now to give us a thumbs up. There's about 14 people watching. If you all gave us thumbs up, that would confuse the YouTube algorithm. It would have no choice but to recommend us. Now Josh, I'm looking at my script here. It says that there are triangles. It's the end of the year. Everyone's buying Christmas presents, but still we expect a whole bunch of buyers to come in and buy Bitcoin because this plan B guy said we should put laser eyes on our profiles and that the triangles will work. Josh, it dipped out of the triangles. I made bigger, wider triangles. And they make a triangle wide enough to solve our problem. The thing is about any sort of triangles or any T a technical analysis is not to determine that something will happen. The way you do technical analysis is to say that there's a probability of about a 1% deviation to the upside or the downside. And over time, you average out your losses hopefully to the upside. And that's kind of how technical analysis works. You look over the history and you think, there's psychological barriers and ups and downs. But let's just take a moment to appreciate the big Lebowski sketch at the start of this section. Fantastic stuff. Super cool. I really miss those movie parodies that you used to do. Thomas, it's there. It was just wonderful stuff back in 2014. And you know, you putting that up there now really shows that us old scholars have seen this constantly over and over and over again. And we talk about it in this show over and over again. Focus on the price. Focus on building. If you're out there in your keen on crypto, build something fun. Or if you're just in it for buying, then buy that dip. If you don't have any liquidity for the dip, then hoddle. It's just a matter of time. You know, sometimes obviously you need to pay for things and life takes over. But don't stress. Things will head back up. What goes up must also come down a little bit when it overshoots. But it finds a price. Bitcoin is in a price discovery system as a mechanism. Gold has had 5,000 years of this. And Bitcoin has had, you know, since 2009. So we, it's one of these things. Just hold tight. You'll be right. Martin, I'm involved in this new scheme. It says it's a triangle scheme. It sounds very safe. Are you interested in a triangle scheme? Yeah. Not really, because although it's technical analysis, people, they're all constantly drawing their triangles and stuff. And they never really work out. And then they go back and they adjust a little lines a bit. And then all of a sudden their prediction comes out. So I don't think this really works with Bitcoin. Bitcoin is not like driven by technical analysis. And as Dan pointed out, Bitcoin is more driven by sentiment, memes, and what other people think. So I'm not to worry. I think it's partly due to the stock market crashing, what crashing or like, you know, going down because of the new Omicron variant or something like, you know, I don't know, something happened. And then all of a sudden, all the stock markets go down. And yes, people think the Bitcoin and it's near. We're all doomed. But don't worry, just hodl. You don't have any loss until you cash out. So my advice for the ages, keep those wallet safe. Just don't look at the price for a month or so. And then you'll be pleasantly surprised price will go up again. I do think, you know, talking about the DDS catch you did, you showed earlier with the Betelabowski. I think that guy just had like vodka and cream or half and half. And he forgot to caloo and his drink. So yeah, the predictions came out, but there was something totally wrong with the color of the of the white Russian, the white Russian cocktails should have a little bit of caloo right there as well. But other than that, it's a super epic. I think it's a bad prop sky. It was probably a, I think it was half and half in ice. Yeah, it's not very good. But we do have today the greatest prop of all time, the predictor of all predictors, the source of all knowledge and truth, the Bitcoin predictor ball. Then will the price of Bitcoin be higher or lower this time next week, keeping in mind, you'll be competing against the ball. Who higher then goes with higher, Dan higher or lower. I'm going to go lower because I know if I say lower, it will go higher. Reverse psychology, Josh Tagala higher or lower. Oh God, what are we? Yeah, higher, we're going higher folks. Martin Wismer. I'll agree with Josh from this one to definitely higher. And now the Bitcoin predictor ball will the price of Bitcoin be higher this time next week? As I see it, yes, as I see it, yes, the Bitcoin predictor ball has moving on to issue to Jack Dorsey, retires from Twitter and suddenly square rebands to block in a nod to the block chain. Yes, square is rebranding just like Facebook rebranded to meta and Google rebranded to alphabet. The company has gotten so large that they now want a super name above all their other names. They have chosen the name block block will tie together their units square. The peer to peer cash app and the music streaming service that no one uses called title as well as their Bitcoin focus to financial services segment that they spent a lot of time naming, which is called TBD 54566975. The name has many associated meetings for the company building blocks, neighborhood blocks and their local businesses communities coming together at block parties full of music, a blockchain, a section of code and obstacles to overcome. Dan will block square cash app title that no one uses and title that no one uses overcome their obstacles. Well, it's definitely trying to come up with a hit name because square obviously is a bit of a square name, isn't it? Maybe he was trying to do a code act, right? You remember when early 2018 when code act were like, oh, we're naming or we're doing blockchain and we're going to rename to code act blockchain or something like that and their shares pump 70%. Oddly squares have gone down from 190 from when they announced it to 180 but obviously the rest of the markets are kind of in a semi-tank at the moment. Twitter never did announce that they were holding Bitcoin, which is quite interesting because Twitter was Jack's original company in Square, obviously, back holding Bitcoin and Twitter on. The new CEO is quite a kind of woke character from what I've read up. Maybe he's not too happy about maybe have a different opinion on Bitcoin because of he's been swayed by these crazy environmental arguments that it's really bad for the environment and isn't good for kind of spurring on new renewables and encouraging investment into the renewable sector where you get the cheapest electricity. So it seems like a move that's following some of the other big names like you said, like Google to alphabet, Facebook to meta, trying to say hit with the times. Twitter's share isn't as big as Facebook, so maybe they're maybe Twitter. But maybe he's just trying to come up with something that's a bit more hip and make block stand out compared to Square. And ultimately, he didn't actually mention that a block is like six squares put together. So maybe that's got something to do with it. It's some sort of hidden meaning. No, the hidden meaning isn't that hidden. It's Jack Dorsey's favorite function of Twitter. I didn't want to block it. Yeah, absolutely. There's block, president block. Still sounds like fun. Josh Tagalli, your thoughts on the meta company block and its alphabet. Yeah. It's one of the blocks. It's one of the, yeah, I like it. I like that that Jack's focusing on the blockchain and crypto. I'm really the thing that you could do is just get on with it, implement the lightning network on Twitter. How hard is this people? Yeah, just get in touch with Ben Arck. He'll sort you out. Twitter and lightning network are like a match made in heaven. And in fact, Gmail could really nicely implement a nice lightning network plugin as well that you have to attach some stats to an email to get through to me or something. You know, these technology needs to start being innovative again because all we're seeing is higher resolution or, hey, now you get a few more characters or now you get Twitter. Now we're going to just steal the idea from like Clubhouse and put it into Twitter. I innovate a little bit. You love Bitcoin. You love what you're doing with Square. Just put the lightning network and the Twitter already. What are you messing about for? Of course, everyone knows that Twitter has innovated recently, launching a subscription service that gives you the ability to edit your tweet. Is that what people want to josh a subscription service where you still get to see those lovely ads that pretend to be tweets, which are the worst thing that ever happened to Twitter? But isn't it great? You can subscribe to fix your typos. Man, I so want to fix my typos. I'm like a dyslexic nightmare when it comes to Twitter. And then Jack does come, yeah, but if you let people edit, then you can actually, they start replying and not knowing what you've replied to in the thread mix. Every other chat app has fixed this issue by leaving a history. So you can see a little edited tag and you can click on it and you can see what someone wrote and how they changed it. It's not difficult. Jackie Boy. Only subscribers can fix their typos. This is how I go for the job in the Netflix, Apple Plus, Google, Blue, Twitter, Blue, fix those typos. That's what I want. Martin, which mayor? Oh, just one. And by the way, Jack, no offense. This is how I always go into job interviews. Just totally offend the guy. I'm sure he's at home wearing sandals and watching the Bitcoin group. Martin, your thoughts on the Jack Dorsey Square title wave of cash? I always wondered how somebody can run so many companies. So in a way, I think it's good to see that he, you know, he, he hands over control of Twitter to somebody else. It remains to be seen how, how Twitter will become more successful or at least profit-making. The whole rebrand thing to block. I mean, this is so ICO times blockchain, not Bitcoin. I mean, it's just silly. I like Square as a name. It's not great, but it grew on me. Of course, Square Service is not available in your country if you look in the App Store here in Europe. So I can't judge on the, on the Square app. I do try this title thing. I think it's totally trash. Why, why, why do they even keep trying that? I mean, Spotify, you know, just, just, just took all of it. There's no room for a second one. Yes, there might be if there is some innovation, but it's all title thing just like, I may be locked in one or twice and then I gave up. But yeah, I hope they do build out some nice blockchain applications or Bitcoin. I just skipped the shit coins. We'll save you a lot of time. One of the things I recently read was that they had a white paper. I thought, well, this is so 2017. We're having a white paper again for a decentralized exchange. So that might be cool if they're building something like that. So I think he wants to focus on a little bit more instead of like, you know, being all over the place with all these different companies. So it does make sense for him to quit like, you know, Twitter because, I don't know, Twitter as Josh pointed out, the subscription service was just useless. It was like not worth the money. And Twitter hasn't for as far as I can see. It hasn't really gained momentum in making any money. It's nice. It's popular. I use it at least 10 times a day. I opened my Twitter client, but I'm using a third party client. I'm not even using the Twitter client because it's just no good and it's not very productive. So I don't know. It's good. Jack moved on. I do hope if it's not going to be one of those, yeah, rogue companies like, like Dan pointed out that they will say, oh, no more Bitcoin because the environment. What's that, what's that, Josh? Josh, you're just in your camera. Oh, sorry about that. Sorry. I totally. But yeah, rename it to whatever you want it to be, but don't focus too much on the name, focus on the product. It makes no sense to keep rebranding yourself like Facebook, move to meta. Who cares? It's still Mark Zuckerberg and we don't like Facebook. So, you know, it's changing the name, one change anything about the company in my opinion. Yeah. And by the way, can we stop calling the internet the metaverse like for the last? Yeah. So, bullshit. I think you're sorry. I'm not. I'm I find it really amazing how the world, how people just repeat stuff. A company can just start to say the metaverse and you're like, all of a sudden, every single mouthpiece on earth starts saying the metaverse. The meta meta meta meta. And it's it's cyberspace. It's always been cyberspace or the internet. Why is cyberspace now the metaverse? Is it because Facebook decided to brand the entire internet? Yeah. And there is, there is. We're there right now. We're in the metaverse. But they're going to do it all over again. There's already people talking about second life and how people have completely forgotten second life and that we're just going to do that again. There's there was this 3D environment called second life and you could make anything you want. And just today, I read an article that said that Seoul South Korea is going to be the world's first metaverse city because get ready for this. And I know there's going to be a special tinge of libertarian excitement out there as I tell you about the joys that you'll receive. If you put on your VR goggles and go to Seoul, they've recreated city hall. And now you can pay your driver's license bill and pay your tax forms and file papers virtually in a metaverse. And it'll be it'll be just like filing papers in person. Including the waiting line and stuff. It's all there. We've recreated the experience for you. Yes. It's like no one wants this. We have a little queue on the computer right now on a web page or on a it's practically text like it could be text if we needed it to be. But yes, the metaverse, it's a it's a beautiful scam. They're going to raise so much beautiful money on this. Remember just a few years ago, we said that well, if your company needs a database, but you would rather as an IT person have 10 times the revenue, you can switch. Blockchain. Now, you're like, we need a web page that has some extra plugins for VR. That's what we're really saying. Maybe we could use some VR cool stuff on our web page. We need a metaverse. We need to build you a metaverse. It's going to cost you a hundred times what we were going to charge you before. We need VRML. That's what we need. I remember that. That was like, oh, yeah, yeah, yeah. Like like if you remember VRML, it was the VR version of HTML. And also, we're going to wait for you at API here. Remember when Twitter was an open platform and anyone could make a third party client and the whole thing was like, all open and free. It sounds like we're imagining that Jack will just do that again, but this time with a decentralized exchange. We'll never do that trick again where he closes it up at the end, cuts off all the APIs and all the companies. But now I have some notes here for Martin. It says that a company should go ahead and get ahead of the curve and change their name to this app is not available in your country. Solid name. It's right there. Boom. And I kind of disagree on the Twitter momentum. I'm not so sure about Jack's decision to leave Twitter and stick with the square title cash app disaster company because that company just seems like strike. It seems like they're going to buy strike. They're going to merge with strike. Then they have the lightning network. Then they don't need any of these payment rails that they've been wasting their time building. And they're just like PayPal. Again, the only question here is does PayPal buy strike before cash app and Twitter? Ooh, there's a little drama for you. But no, on the other side, I see Twitter perfectly copying Clubhouse crushing Clubhouse. Making their dreams in a Microsoft in Apple-esque way against a third party app, just wrecking them and moving forward to this idea where Twitter has images, Twitter has video, Twitter has audio chat, Twitter has voice chat, Twitter is this Uber social network if they could just get out of their own way. If the subscription service didn't offer me the typo thing, which yes, we all said we wanted the typo thing, but we want it for everybody. I don't want this like only the Hoi Titoiti get to fix their grammar errors. This is not what we were asking for, Jack. We were like typos put us in a special category. No, no, fix the typos for everybody and give us no more fake tweets. You don't even have ads. You have fake tweets. You design them so they look like tweets. You put them in the profile so you trick me into reading them. You're tricking me into reading ads. I'll pay $10 a month to stop. Cultivate the people who like Twitter. Let them get paid for doing the streams. Let them get paid for having clicks and videos and these things. Maybe have some real ads instead of fake tweets, but I think Twitter is more interesting. As far as the little thing Dan brought up about the whole right wing fear, it seems like that Twitter put out some language that basically says no more ex-girlfriend porn. We're going to shut that off. All the right wingers are like, they're going after our journalist. They mean that guy that does all the fake exposés, like you could look at Project Veritas or something. He does all these fake exposés and they're going to stop him. Maybe we should get some real journalists do some real exposés. But I think it's just about the ex-girlfriend porn. I don't think they're going to crack down on Twitter. Twitter crack down. That's just like when you go into something and you have a preconceived conclusion and you want to believe it, you just start collecting evidence that supports your conclusion. But Twitter is too big. That's the problem. No matter which side of the aisle, political aisle you're on, you don't want one big mouthpiece controlling information like that. It's really, really, really very dangerous. You don't want it. You don't want it. Even if they're fully for your side of the political spectrum, you don't want that because I you end up in a in a echo chamber and B, it gets extremely dangerous. Well I remember when this service was called a finger and you would be on Unix and you would type finger John Carmack and it would come up with John Carmack's finger file which was a text file.finger or something that he could edit with his nano or pico or Emax text editor right there and John Carmack would say, we're going on a new game today. But you could finger him and that was all Unix and all open and everyone had their own servers and that's again probably where we should have stayed. The name is the old. Yeah, it's always amazing and such. But yes, it was called finger. You can look it up and again, we decided that the internet companies should be built by advertising, by money and by whoever could do it the fastest and the cheapest generally with the least ethics. But that generally comes in a mind when I say fast and cheap, fast and cheap and dirty. We got this guy Zuckerberg. He's been stalking all the women on campus. He's got to leg up on the competition because he understands everyone wants to do what he's doing in that service and he builds it up. He gets more and more people, more and more people until he's like this big black hole sucking in all of our information and using it for the worst things you could imagine. You could use our information for it. But again, we didn't want to go with the Unix guys. We didn't want to go with the open source guys because they take longer. We didn't want to give them more money because they're a bunch of communists. You don't want to just give them money from making this free and open internet. That's fucking communism. We had to go with the advertising people and they built us the worst possible tools. We wanted to share our photos and they said internet surveillance. We said share photos with family and friends. He said internet surveillance. And now they're going to get into VR and the metaphors. Everything's going to be fine though. Ben Arck, your thoughts on whatever the topic was. I don't Twitter. And I'll Jack Dorsey wasn't leaving Twitter and blocking all that sort of stuff. You're being a very good points. I think if everyone's relying on Jack Dorsey to keep Twitter free from censorship or everywhere else and then they act Jack here if somebody gets banned from Twitter. It's a private corporation operating in jurisdictions where they get leaned on and they have to comply to rules, which is why it may be going more quote-unquote woke just in order to continue to operate. And if you don't want that then that shouldn't be our private corporation. It should be a public common some sort of public utility. And we have all these crazy decentralized tools for building such things and building decentralized social networking platforms. It's just a case of building them. Jack Dorsey did have the blue sky initiative which seemed from what I could start to be a complete flop after two years. They just released a paper which basically compared things like Masadon and Scottalbutton and other solutions and didn't really propose anything. We work a lot on this thing called, probably done work a lot on this thing called Nostar, but there's a pro called, notes and other stuff relays which I've been on around with and it's extremely exciting. And you can replicate a Twitter in a way which is censorship resistant and it's not decentralized but it's decentralized enough in order for it not to be censored in the way which a lot of people disagree with. And yeah, that's I think a public platform like a Facebook or a Twitter, it shouldn't be owned by some big corporation operating one particular jurisdiction but I'm not sure it should be free and open source commons which everyone can access in some sort of decentralized way. Maybe Jack will do that now. Maybe he'll compete with the thing which he created. But I also think that's maybe why he wants to step away from it and he's become boring for him. He knows that there's only one direction it can head in. If it wants to continue to operate on the scale in which it's operating and it's just to comply and just knock this off government and give them an excuse to block or ban them. And so yeah, we have to find alternatives. I can see why he changed the name. I'm happy that Jack Dorsey's left Twitter. I think he's a good guy. He's a good developer. And if you look at Twitter actually didn't change that much because it was a solid product from the beginning. You know, it works and it worked. Well, if you look at Facebook and how much that changed that wasn't a solid product to begin with, the only reason Facebook ever took off by the way was it had that crazy algorithm thing when you signed up to it. So it would without you knowing it would email everybody in your inbox saying, you know, Ben is now on Facebook. Do please join him. Here's a link to join Facebook. And it's just like propagated like a virus. It's very black hat, a bit of software which you totally wouldn't be allowed to do now. I see no reason Facebook managed to get like any sort of traction, you know, software is it was pretty poor to be fair. But no, it's good that Jack Dorsey is left Twitter and I can see why he changed the name of Square to block kind of what's a fresh start. And this is he always said that if he wasn't working on Twitter, he'd be working on Bitcoin full time, which is great. We want we want him in Bitcoin land. And if Square becomes more Bitcoin centric than fantastic, I think the best thing which Jack Dorsey could probably do is just incubate inertia. All these great free and up resource projects out there, which you was doing with the lightning thing in your Bob fund. But I'm not sure how many projects have actually been funded through it and how much work they've actually done. But I mean, just taking some of that money, which is made in that private sector and then pour an instant open source world of and helping bolster Bitcoin with good free and up resource solutions is probably the right play. Hopefully he'll try and do that through this block thing in some way. But yeah, it's a good luck to him, fresh start, want sort of a clean slate new name. Yeah, I mean, when you hear block, you think of block chain, it all feels a bit of, here we go. But, you know, you just see this name is something, you can imagine him in that Silicon Valley like Austin, Texas meeting with all of his investors and he's like, and this is in the square, he's like, this is a square. This is a block. We're going to change the name to block and there we're going to block it. So yeah, good luck to him. I hope he works on Bitcoin and brings Bitcoin into block and makes some useful products for people. And Twitter is going to go more and more work. And it's going to have less and less free speech and more censorship. All that stuff, explore some of the free and open source platforms because they start there. Look at Nostar, go to Nostar.com, knock it up like it's kind of Twitter reclown thing in like a month and he's like a little bit more work and it would actually be quite a good kind of Twitter type solution. So, contribute is very welcome. So Ben, with Nostar, do you have any plans in future to support fingering? I'm not sure we did try fingering each other, but I'll go. So if you're watching at home, please in the comments, if you could comment on who you would most like to finger out of the panelist today, fingering was supported. Yeah. Hit that. It seems like you need your project nostril. So you're going to be fingering your nostril. Nostar, well, the, yeah, Nostar, improve the post. Yeah, Facebook had poke. Facebook had poke, so that wasn't much better. We got nips. We're famous. In Nostar, if you want to like your make it, because you have like this, the Bitcoin improvement proposals, we got Nostar improvement proposals was nips. And I think that was kind of lost in translation. So, nips. That's a bit of race. It's horrible on so many levels. No nipples, nipples, not nips. I don't know the way to raise this. I know as well as that. You can't talk about the nippons. Nippons. I don't know what nippon is. All right, going back to World War II here, but I got to get us back on track. Says here in the notes, this is a question for the audience at home. You can play along in the chat. This is interactive. You be Jack Dorsey, which company would you stick around and run? Would you run Twitter with all of its problems and the goal to get rid of the Nazis? Or would you run Square, Block, Title Wave, Cash App, and it's goal to be a lot more like Strike in the future? Dan Eve, which would you run? It's got to be Block, Block Slash Square. Get on the Bitcoin, Wagon, and push the open source. Josh, Shagala. I'd be Twitter. I'd take that beast and I'd chuck Nostar on it. The thing is, it's such an amazing tool and it's such a powerful tool, but it's got to be let free and you've got to figure out a way to deal with people, you know, censorship. Because censorship is needed. Like, you don't want to pitch... No, no, what's great about Nostar is you're actually sort of self-sensor in a way. So depending on what relays you connect to, depends on what content you're going to get. So me personally, I'm quite a vanilla kind of Twitter experience. So I'm going to connect to kind of the vanilla relays, which cut out all the, you know, the racist or the, or whatever else, you know, or the like horrible pictures and whatever else. They'll sense them. And I don't mind that. Like, I'll connect to those relays. However, if you're into something else, then you can connect to other relays. And the relays are so inconsequential. And if they get taken down, you can just spend them somewhere else and people can just reconnect to different relays and different relays for different interests. It's very fascinating because you're almost just self-sensor and create the experience which you want to create. That's great because it is a really big problem in wider internet. You know, I definitely don't, I would never want to be one of the sensors at YouTube or something like that because the horrific stuff that they have to put up with and see is atrocious. But so, you know, life is all about trying to find out, hey, you've got total sickos in the world that are ready to put that in your face. So you have nightmares for the rest of your time. And how do you, or even worse, if a child sees it is terrible, right? So you do need a form of censorship, but it's really important to allow expressions of all sorts of opinions as well. And this is the fine line that humanity constantly has to walk. Arteen, which would you run? Block or Twitter? Definitely Twitter and work on decentralizing it. I think, you know, the Twitter has the users. So there's, we've seen over the years that if somebody creates a better system and then users are not there, it's extremely difficult to get the users there. Just take a look at what's up backlash. You know, when they changed their user agreement, everybody was saying, I moved to telegram, moved to signal and I did that. And I basically removed everyone that remained on WhatsApp. But I had to find new friends. And doing that again with Twitter is just like, you know, I will have zero friends left, you know, because they're all on Twitter. So Twitter has to improve. So if I definitely go for Twitter and work on decentralizing it or semi decentralized way, you know, maybe the nostril thing is very good, but it should be integrated with the Twitter user base that way it can grow from there. And then it will be successful. But it's just pointed out there, there has to be some sort of filtering mechanism because yeah, otherwise you get all the wekoes, you know, posting all the stuff. And that, you know, that, that, you know, we also have a sort of social responsibility. But one man's terror is, there's another man's freedom fighter. So it's really difficult to put that responsibility in one place. This is why I like it because you don't need to be a underlying, you're not relying upon a central corporation to correct. Take those decisions for you. You're making those decisions for yourself. And sounds like Ben is building an internet of servers, perhaps a, this matter of the thing is what I was, I was, I was, I was at some Bitcoin conference. I heard people say it would not be a coin, you know, a less Bitcoin, Bitcoin conference, more, we should coin conference. And people get mentioned this matter of the thing. And eventually I had to complete and I was like, I'll be honest, I don't know what this matter versus. What is it? And then they explained it to me. So I just think about it and I was like, the internet, you talking about the internet. Yeah, that thing. Oh, yeah, yeah. Okay. I understand that. And now Ben, who, which would you run? Rock or Twitter? I would quit them both. I would work on a star. I would fund development. The Nostar Telegram group is a bunch of us Bitcoin developers going on. I wish we were working on Nostar makes, we should do more work on Rost up with too busy doing Bitcoin stuff. So come on, Jack, you had your blue sky thing like Chuck some sat at Nostar, make some bounties, get some cool software built, please. That's some updates from the chat. Christian says that he would run Twitter, but it seems like he's only running it to sell it. Get a majority stake in a low cap crypto gem because kings, right? And Jacob on the other side says block. He wants to run block. I think I would join Josh and Martin in running Twitter as they said in Citizen Kane. I think it would be fun to run a newspaper. Moving on to issue three WCN clips. Check out the WCN clips YouTube channel on YouTube. Just search for WCN clips. We've got all the clips from this show and more at WCN clips. Subscribe today says my email alarm. Charlie Munger says he admires China for banning crypto. And this was the best picture that we could find of Charlie Munger. Charlie Munger, vice chairman of Berkshire Hapaway, says that China made the right decision in banning cryptocurrencies. The 97 year old gave his thoughts on the impact cryptocurrency has had on the financial market, saying. The dot com boom was crazier on the evaluations, either than we have now. But overall, I consider this era even crazier than the dot com era. I don't welcome a currency that's so useful to kidnappers and extortionists and so forth. It doesn't seem like he was asked about the US dollar or about the so called F A N G Facebook Apple Netflix and Google stocks that have dominated stock investing for the last 20 years. All of which came out of the dot com stock boom. Josh Shagalla is Munger right is China correct to ban Bitcoin mining. Of course. Man like these these these really old dudes. It's sort of awful to see that they can't they really can't grip grasp what's happened what how amazing the concept of a rare digital asset is. No matter what you say, you can't ban math dude like China has banned it. But it's still happening vast amounts of Chinese people are still trading in crypto. They're gaming their sending NFTs they're doing stuff. You're foolish to think all you've done by making something illegal is made a whole lot of criminals that didn't exist before. Because before they weren't criminals and now they are for what doing what moving some math around. It's so it's it's really really sad to see people using the violence of the state because of their strange little. No, I think they should ban that thing that I totally don't understand and and really make criminals out of millions of people. What a ridiculous notion and I'm and it's sad to see someone so close to their deathbed. And I don't mean I don't hope that he dies, but when she's that age, you are closer than your you know birthbed that's for sure. So you know when you're close that you you'd hope that you'd have some sort of philosophical hindsight to look at what sort of comments you put out in the market and what sort of destructive crap you can dribble. Martin Wismer your thoughts on Charlie Munger. Hello hello. Yeah, Jurassic Park just called I want a dinosaur back. No serious this is a this is total nonsense. And that then say going on to say stating that China made the right decision to ban so what does it mean he wants like Chinese style bands in in the free world. And no, no way. I mean this this person one didn't get it to thinks that banning something China style is good for anything and and really really back again to didn't get it. I mean really it's used by terrorists and at least it's not used to fund wars like like some of the other fiat currencies have been used for so no it made no sense. I think the author of the article should really be ashamed of themselves that they published something like this and so we're almost in 2022 I mean this is so 2012 style reporting so I mean no articles like this usually I skipped them but you know some you know Thomas gifts as homework that we have to read in on all the topics. I was reading it but I couldn't help to feel like agar faded and angry I was like so no no no I think I'll just let Jurassic Park know that I can come and collect the dinosaur because you know what's what's sad is that when when Jamie diamond says big coins of scam every anyone that uses it's going to be fired and blah blah. So that he's actually stacking right in that moment and using his voice to crash the market to pick up like he's an astute guy and now obviously they're all into it and JB Morgan's fine with it and so so but when I see I'm talking about it what's sad is I know that he actually believes what he's saying because it's not like hey grandpa can you quickly just just shit all over Bitcoin in the in the media so I can stack some sats. No he's not doing that he's literally literally doesn't understand any of this and and then sets says such sort of harsh things and and it's horrible. And so much for the theory that monger was just saying it to piss Martin off Ben arc your thoughts on monger and is in favor like Martin says in favor of Chinese style economic controls including sudden entire ban. And takes in to get rid of say, you're one of the kinda indisiejs of entire industries incredible like these capitalist yes I mean he's I mean he says may he's made it money by being a state κάνester justdro you always control is power control is fire this connections some states of course it's this central a technology any Charlie monger once said that buying Bitcoin with similar to harvesting baby brains. Now, that's one of the evilest concepts I've ever heard. I'm like, when I heard it, I was like, fuck, dude, that's, I'm sorry, it's worrying, but that's horrible. What a horrible concept. And the brain which would use a concept like that is not a healthy brain, it's a dark brain. And he should just be ignored in everything he says. Particularly at his age, he's supposed to kind of be a male, oh, I'd be this nice old guy, and dad dude, and he's saying, like that, like harvesting baby brains. I mean, clearly that's very extreme when you describe, just describing like a decentralized open permissionless value transfer protocol, you know? But absolutely incredible. And so obviously that old claim that, you know, Bitcoins used by terrorists and drug dealers, we all know that the USD is the most heavily used technology by terrorists and drug dealers, the petrodollar. So he's just a, he's just a state, dude, and he's just, he's just doing his part, trying to claw onto some power in his evil, satanic lizard cabal. Just, yeah, screw that guy. It's interesting and amazing how far we've come. In 1729, Jonathan Swift published his essay, A Modest Proposal, or as the full title says, A Modest Proposal for preventing the children of poor people from being a burden to their parents or country, and for making them beneficial for the public, in which he suggested that the poor might raise their children so that the rich could eat them. Now he was being satirical, but even he didn't have what Ben had, which is this new idea of harvesting just the brains. And then it becomes how do you make the brains bigger and fatter rather than making the general child fatter? But whereas Munger is using it as propaganda and misinformation to attack something that he hates this Bitcoin, and he's thinking of the worst possible things, like cigarette smoking times a thousand, he's really grinding it in there, with the harvesting of baby's brains. But yes, in just a few hundred years, we've gone from this being satir to being taken seriously, and even after Munger said these crazy things, they still go back and interview them, because if you're a reporter, you have very small role-adex, and it's usually like Chris Christie, Chris Christie, and then you're like Charlie Munger, J.P. Morgan Guy, whatever his name was. Yeah, Buffett, all these people, they're the only people that know anything about finance, even though they've been wrong about Bitcoin for like 10 years now. You could add some new people in there, especially after they say horrifying things about eating baby's brains. But that's just my idea. It's too much worth, you have to get out new pages of that role-adex, you have to white out the old pages, it's a disaster. Dan Eve, Munger is editing his role-adex now, he's not gonna call us back. I was he right, it's China right, to ban Bitcoin. Well, I hate to go ad hominem, but he does look, especially in that picture, he looks like a turtle having a lapdops, like a really CD-pevered turtle having a lapdops. And again, no one wants to pick on age specifically, but sometimes technology just doesn't click with certain demographics and technology. I think even Warren Buffett said that he tries to stay away from kind of tech stocks and stuff. So they're of the same ilk. They're obviously the chairman and co-chairman of the Berkshire Hathaway. They stick away from tech stocks, which ironically four tech stocks became the first trillion dollar companies. So big, big loss there if they have invested. The fact that the dot-com boom, he uses that as a comparison, but like it's the worst comparison ever, because the dot-com boom, it did bust a bit, but it was a bubble, but it's now booming, right? Like it's, e-commerce has completely changed the world. So it's a really odd, it's just a really odd example to use, to talk about something that's not going to be ultimately successful, because e-commerce just completely changed the world. It gave Buff to the trillion, well, I said, give Buffett, it helped two of the trillion dollar companies become so big, Amazon, and Amazon and Alphabet. Obviously, you've got things like Facebook, all the big other Silicon Valley-type companies, all online businesses that are absolutely insane in terms of valuation. So there's some big losses there, I think, on the balance sheet, that they're probably investors are shitting on them about saying, hey, man, I could have bought Amazon, and I could have bought, but you told me that Beatamax was better or whatever. It really doesn't work out like for some people, because they just, they hate Bitcoin, they're not willing to learn about it, they're not willing to learn about the reasons why it's better than the Fiat money. And to use the old like, oh, it's used for criminals, and I can't support a currency that can be used in criminal situations, that old chestnut, the fact that the dollar, as if the dollar's not used, and any other currency is not used in criminal situations, but saying specifically kidnapping and extortions, like, I'd like to know what the true amount of, say the volume, you take the volume from start to finish, or start to not finish, to start to now, of Bitcoin. And what percentage of that trading volume, or the market cap, whichever one, has actually been used in extorting or kidnapping, it's an absolute micro-fraction. So to use that as an excuse and say that's all bad, and that China's good for banning Bitcoin, it's just a very odd thing to say, I think. And it just kind of shows how out of touch is with reality, just like the other people that predicted Bitcoin's death, and have been singing its obituary for a long while. It's also worth noting that several of the early ideas in the dot coms that people like to make fun of have actually come back now using the exact same idea, pets.com, order your food, dog food online, is chewy.com, or you can do it through Amazon. WebVAM, get your groceries delivered, is now called Instacart, or Amazon Fresh, or other services. I think there's something called kayak, or something that would bring me bicycle messengers, would bring me videotapes and ice cream. Now that's called Postmates and DoorDash, and all these other services. So I don't really see the idea about the dot coms being such a bad thing. Now sure, it didn't mean that pets.com would take over the market because they owned pets.com. That was a bit of a mistake there, but a good team with a good product, and a good direction that didn't spend all the money on Super Bowl ads probably could have taken over any of those industries as we saw with Amazon, as we saw with Netflix. A good team, the right amount of money, not wasting it all on Super Bowl ads. You could take over the world. Moving on to issue four. Good doge. Crypto has gone to the cats and the dogs, and people naming their dogs, Bitcoin and Elon. Yes, according to rover.coms, 2021 most popular pet names and trends of the years, pet owners are naming their dogs doge, and their cats, Bitcoin. Elon and Jeff Bezos are particularly popular names. It's been a big year for doge coins. Dogs named doge were up 106% this year. K9s named Amazon jumped 363%. Dogs named Siri up 131%. And Pups named Google were up 63% on the year. Let's see, there's also it says, the top female names for 2021 are Bella, Luna, Lucy, Daisy and Zoe. While the top male dog names were Max, Charlie, Cooper, Buddy and Milo. Ray for Milo. Let's go to Ben, Ark. What about people are naming their dogs doge and their cats, Bitcoin. I think it's my favorite indicator. You can trade the dog names. And you think of all the impressions when you're in the park and you're someone's just going, Bitcoin, Bitcoin, and someone else who doesn't have the size of the park. Doge, doge, come back. No, I like it a lot. Obviously, a lot of this world is, because we see a lot of power in the technology, inherent power to the people. We're very excited about it. So there's a cultural phenomenon which is attached to something like Bitcoin, which I imagine eventually will become, will end because it will be the backbone of just all society and just something we use, email, for example. But currently, while we have this cultural phenomenon, it's a lot of fun. Sometimes it can be annoying when people try and box it in with a kind of a no-true Scotsman. This is a Bitcoin-type thing, or this is a doge coin, but whatever. But part of that cultural phenomenon is people wanting to call their, I wonder back in the day, if people are calling their dogs SMPP or something, I'm trying to SMPP in the park, probably. There's probably some dogs out there, called SMPP. But yeah, it's just another side effect of this cultural phenomenon. And it's all about the impressions. So the more people scream after their dogs on the beach when they call Bitcoin the better. The dogs are all called Fetch, FTP, Finger, and go to. Dan, Eve, your thoughts on these new dog names and none of them seem to be B Cash or BSV. These don't seem to be popular names for dogs. As Ben said, a no-true Bitcoiner would own a dog named Litecoin. Well, you see, I'm trying to back him over, but I think my dog's got one of the best names, she's here, buddy. And here he comes, it's Dave Groud. I had named after Dave Groud. From the three-by-t-go. He's that sausage dog. So yeah, I think that's one of the better names. Dave Groud, he's very annoyed though, because he thought I had the bull. And unfortunately, I don't. Here we go. Right again. Some of those names are pretty, I love the Siri in the Google. They're the Google, so kind of a trolling sort of element. You can imagine people going through the park and then suddenly like, you know, someone says, Siri, and then, you know, everyone's watches go off and things start getting ordered and all sorts like, Siri fetch me a sewing. So and then it's like, okay, ordering you a sewing. So, you know, that sort of thing. So I think that's cool. Some of the crazy ones were like, yeah, well, Pfizer, Pfizer turned up on the dog naming list and Fauci, like, stop biting my hand, cause you're a little shit Fauci. And the other thing was by the dog, so I've got two dogs. One's Dave Groud and the other one is Ierar School. And is he's a female though? But yeah, I like the quirky dog naming. And there's something about naming dogs like human names that I think is kind of quite cute as well. Cause people, when I'm going to go and take in Dave for a walk, there's always someone bound to turn round and I'm going Dave and then someone looks round and you're like, no, that's the dog. And some people get offended. You know, so that's just one of the perils of life, ain't that being called Dave in such a popular name. But yeah, I think it's definitely, I haven't heard any of these, the Shibers yet or these key shoes or these dojos yet, but dojos is quite a cool name. So I think I'd like dojos. And they said, what Bitcoin for cats as well. That's quite an interesting one. But cats aren't so, they're not just kind of, you know, you don't take your cat walking through the park. So you probably won't hear it as much. But what it is good for is people shouting outside their home like waiting for the cat to come in, like Bitcoin, Bitcoin, come back, come back. And people are like thinking, Oh, Bitcoin's going to pump again. Maybe they're saying, Pron, Bitcoin price, come back. Yeah. So I'm all for crazy dog naming, that's for sure. Obviously, the only people who are offended are the people who have dogs names. Joshua Shagala. Bring on wacky dogs names, yeah, for sure. I don't know what to say. What I want to know is how do they actually get this data? Like, I mean, someone that calls their dog buddy, I don't see them going and registering that name anywhere. And like, I can understand human names because there's like an actual registry. Chipping? Maybe chipping. Hey, yeah, the chips, the maybe you have to register your dog, at least the important all you have to get the chips. And then it's registered with the name and the serial number of the chips. So that's why they know all the names and all the numbers. All right. It was provided by a private donor named Zark Muckerberg. Zark Muckerberg. Really? Not Mark Zuckerberg. Sounds like a trustworthy source. All right. I'm sorry about that. Martine, what do you think about the dog's names? I think it's hilarious. You know, our dog is called Kyra because that's the name she already had. But she doesn't really listen to that. So Matt is well-caller, Fauci or Bitcoin, yeah. Or Siri. I think Siri was the best one. It's like, Siri. Yeah. But it's cool. It's a sign of the times. I think there's like fashionable names and this happens with humans. And it definitely happens with pets. But because they're pets, it doesn't really matters. So you get the most outrageous names. So yeah, Fauci is fun too. Fauci, bad, bad, bad, Fauci. Yeah. And it's a nice article to read. I always thought Thomas had search an original dog name for his dog Milo and then turned out to be in the top five. So I expected more originality from the show host to be honest. Next year, we're going to be number one. Number one, go under the top. Now, I think that Siri is one of the worst names. It's like those answering machine messages where they start talking to you. And I think I hardly even want to say it, but I think Alexa would be the worst. So many people have those A-word devices in your home. If you want to talk about it, you just start selling. It doesn't turn on. I know somebody who's a client of us and his daughter is called Alexa. And he had Alexa at home. And she was like five years old or six years old. But he had to change the wake up word on the Alexa. You can do that with Google or sorry, with Alexa. You can't do that with Google because she was showing her girlfriends that she had superpowers and could turn on and off the lights. And then he thought, you know, like, this is really going in the wrong direction. I have to change the wake word. So what that would that work now? Now can we say like Alexa play cradle of filth. Siri play cradle of filth. Alexa at chocolate salty balls to my shopping list, you know, just like a self-buck. And I was on, let's you change it to the word computer, which I think would be fun because it's all star track. But then you realize how long it is every time you I say computer, computer this. But it reminds me of that classic XKCD comic strip where they named the young gentleman, Bobby, drop tables, close parentheses, semicolon. And he destroys databases. And it's a beautiful name. I don't know why these big services haven't allowed you to customize this stuff more than they have. Well, it's annoying, I think, because you have to actually it say, hey, Google every single time. And the Google is just too much of a long word. That's why I think Siri is better. But what I found while back is that Google allows for continuous conversations, if you switch it on. So you don't have to keep, hey, Google, hey, Google, all the time on mine is responding now. But you can just say that once and just start a conversation, which I think is better. And that gradually removing that hot word, that for certain actions, that you don't even have to use that anymore, which I find a little bit scary, because that means it's listening in all the time. I was going to say, surprise you've got one of those things at mine. Oh, I've got them everywhere. They're only pretty nice. Oh, yeah, yeah, but it's surveillance or privacy. I think it's a balanced convenience. Light switches are so 1990s. And I'm just not going to do that anymore. This is the back door though, eventually you just give in. Imagine the Martin from 15 years ago, you kick your ass for having Google. Yeah, I would have 15 years ago, I was still getting out of my bed to turn off the lights at night. And I was actually, it was hard life back in the 90s. You imagine. Yes, it just wasn't what, I'm not going back there. No, it really sucks, because we bought a new speaker. It was a beautiful speaker, but it has to have some silly microphone in it. And it has to talk to Google. And since it's there, I'm like, I keep looking at it. Thinking listening. And this was in 1984, one of the things that George Orwell stated in that book was, you had the video screens on all the time. You knew that they weren't watching all the time, but you never knew that maybe at that moment they were watching you. Oh, this is the sort of, I just had to call the thing of like, Google Nest displays. I liked Charlie Brooker the guy who did like Mirroring, he said that even George Orwell didn't predict that we would buy this valence devices. Yeah. Yeah. I think I have like six or seven in my house. I have at least six or seven in the house everywhere. I mean, in the kitchen too, with a little display, like George said, that screen that's always on. And it doesn't like watch you, but it does listen to you all the time. But that way, I don't need a kitchen timer anymore. Like, you know, it's like, hey, Google said a time of 15 minutes. I mean, there's so much easier. I'm not going back there. I'm not going to use light switches. I'm not going to look up the weather in the newspaper. No, I just asked what's the temperature outside? Do we need an umbrella outside? Oh, I mean, surveillance technology or convenience. I think it's a balance. And in this case, I am going for like convenience. But the problem is the convenience. It just slowly seeps in and then you let in complete surveillance. Because I don't know. But the first time. For the first time, I did that login with Google thing. Like it finally got me after years and years and years of it saying, you're not going to be Google. Yeah, yeah. Eventually, I was just like, ah, so easy. Yeah, I know. I know. From now on, I'm going to be logging in with Google with everything. And they've broken that barrier. They've chipped away at me. It's a slippery slope, isn't it? To like the South Park episode where they're surveilling people on the toilet. And they're like, then the cops come in through the window. And they're like, so I need to check your airs. I'm going to be like, oh, shit. That's all. Well, this is some of the best data that they get is things like your sleeping data. They can tell based on your breathing when you're sleeping, they get what TV shows you're watching, what music you're listening to, because they can hear it. And like Martine was saying, it's very hard for them to deliver the right experience that we all want. On Star Trek, the computer must have been listening at all times. And sometimes they say computer. And sometimes they say just commands that the computer will get. Like Picard just walks over there, pushes botanities like Earl T Earl Gray hot, right? So at any time you're talking about T and it'll make you T randomly. It's so hard for that computer to really figure out what you're doing and saying unless it knows and not just knows, but understands like breaks down on the ground. But there's a very high quality that you want to like, and again, that's the service that the consumer wants. But to do that, the computer has to really know everything. He has to know that you're doing it and what people want it. Yeah, but there's a very big difference between my computer on my phone calculating what it thinks I need locally than sending everything to this cloud and then computing it, then keeping it forever, then using that data, then selling that data on them, analyzing everything that you do and the way that you fart. And that's the key for me is that I really want to see a personal assistant app that I can use, but it's all local. It's all local. And yes, it got access to the internet. You can find data on the internet, but it's actually processing. And our phones are good enough to have it local. I'm pretty sure it's good enough to have it local. I was quite amazed. I looked at the data traffic coming from those smart speakers, and especially the upload traffic, because that's the stuff it's listening. I was amazed with the amount of data that's actually being sent to Google surfers. Because I thought it would only start sending data whenever I would say the hot words, but it seems like it, yeah, they're just sending data all the time. It's interesting. Yeah. Glad to see Josh come out as a pro Apple supporter here, because Apple is trying to do that to keep your data on your phone, on your computer, analyze it locally. But on the other side here, we have to go back to the matrix, right? And that the computers are just trying to make the humans happy. So they made a perfect world where everything was taken care of, but the humans still weren't happy. So since then, they've just been trying to figure out what makes human tick, what you guys really want. And you won't tell them. So they can't figure it out. So the machines can't make the right environment for you. And we're just at this detente. And now they're spying on us everywhere, and they still don't know what we want. They still don't know what makes us happy. Maybe we don't know. All right. Now we're getting deep. Let's move on to the next issue, issue five. The incarcerated silk roads, founders, NFT collection and the Dow trying to save him. Ross Olbrecht is serving two life sentences in prison after creating the silk road that was used to buy drugs without violence, allowing large amounts of cannabis to be traded for large amounts of money. Again, without violence, breaking the state's monopoly on violence and drug dealing. Something interesting's happened lately. Ross has decided he'd like to sell some NFTs like everyone else in the world. And the free Ross Dow has popped up claiming that they will buy these NFTs. Also that they will unite to bring solidarity for Ross, gathering funds to buy his genesis collection and protesting the injustices of the American prison system. They've raised almost 954 Ethereum. That's around four to five million dollars. Josh Tagalla, what do you think of this new approach to free Ross Olbrecht, starting with his NFTs and ending with the very strange and perhaps constitution-like free Ross Dow? Yeah, it's amazing. I really like it. I think it's another use case for this amazing technology. And the ability to crowd source certain causes is always a fantastic way. It's always a fantastic concept. So it's really, really nice to see. I actually had a chat with Lynn Ross's mother recently. And she said that they'd actually gotten it all the way to Trump. And he said, oh, yeah, I know this thing. And he wanted to sign it. And he had it on the list of Pardons, Ross's names. And then they came through and he got kicked out of office. And now Lynn has to start all again from the ground up going all the way through all the... It's a really, really sad story for Lynn. She's probably one of the most hardworking mothers in the world constantly on the cause until the day she dies to get her son some justice, someone who made some technology. And now, I mean, it's not helping stop the concept. There are literally thousands of these drug market plays way worse. And way... These marketplaces have no philosophical grounding like the Silk Road did at all. And so, yeah, I mean, he's the one in prison teaching yoga and meditation to the other inmates. And he's really a genuine, lovely guy. And I would like to see with all the corruption if anyone's really looked deeply into that with all the massive amount of corruption in that case, it's just so important that that gets cleared up because man, there was some just sketchy stuff throughout that case in terms of the people prosecuting him, the police that were going after him. There's... It's an amazing story. And in fact, there's a Netflix documentary about it made by Alex Winter. And it's very cool. I think it's called The Dark Web or The Deep Web. One of those, but yeah, check it out. Martin, wish me your thoughts on the Ross. Three Ross Dow. Yeah, I don't know Lynn or Ross. I browsed the Silk Road at the time because I was just curious. It was one of the new applications for Bitcoin. And always joked when people said, oh, Bitcoin is useless. And I said, well, I can at least use it to pay my dealer online. And I just shocked you know, usually. But yeah, I don't know. I think it's a risk that comes with the territory. If you try to blatantly enable drugs sales on the net, then you can expect, especially if you're the first one, then you can expect them to make a sample out of you. So it's nice that he makes an MNFTs and you know, the Dow, I don't know how they're going to process refunds if any like a constitution Dow had big problems with that. But I hope the money is spent well and that yeah, he should be free. Just like the Tiger King, by the way, he should be free to free Joe Exotic. Sadly, I think this money comes far too late. It's very important to understand the concept of timing. And the time to donate this money was before the trial when we could have hired the greatest lawyers of all time and especially the greatest data departments of all time to handle all of the evidence that was compiled in this old breath case. The data to the team he had, the defense he had, I don't think was prepared for the data, didn't do a good job with it, didn't do a good job with the defense. It wasn't the best money, best defense that money could buy because we just saw that in the Kyle Rittenhouse case and in the OJ Simpson case. And if you can push the money up over a certain level, you can overturn almost any trial. The problem is now for Ross is what Josh was referring to with the pardon process. Money doesn't help the pardon process. You can't hire better attorneys for the pardon process. He's in a situation now where they've already gone to appeal. He's already lost. It would pretty much take the Supreme Court or a pardon. And both of those are very difficult. Maybe they could use the money to finance Kim Kardashian to work on this. She used to be in the little pardons thing. It's too bad they couldn't have gotten the money to Trump directly. If only they perhaps could have stayed in the Trump International Hotel. There could have been some kind of a briefcase situation. But yeah, that really seemed like that was a big opportunity because you have to say, like, is there any? Is there any other president that's crazy enough to pardon this guy who sold a lot of drugs on the internet, even though he's a good dude and he had a nice website? I think we've got another 20 years, 30 years, if the country survives of presidents of liberalization of drug laws before everyone says, yeah, that guy who sold, he should be out. But we haven't even let the normal dealers out. There's states where they have legalized marijuana. Yeah, people are in jail for dealing marijuana. And that's just at the drug level, not even at the making a giant website serving the whole country level. I'm going to go ahead and do a little bit. And Germany, they arrested the biggest dealer on Silk Road by far. Shiny flakes. And he's forgotten his name, but he got like a year in prison or something. Yeah, and then he started selling again once he was out. That's amazing. That is, by the way, that is a fantastic documentary. And that young kid, and at the end of the documentary, they're like, what do you do now? He's like working in a car park. And everyone's laughing like, he's working in a car park. And it's just openly like a huge massive drug deal, but he's doing it in such a way that they can't touch him. There is two documentaries about the one documentary, shiny flakes on Netflix, which I really recommend watching. And there is also a comedy series based on this story. And it's called How to Sell Drugs Online Fast Files. And it's funny. It's very good. Well, yes, they have the wallets and they've green right of for that. And he asked me a few questions. I had lunch before they wrote. Oh, wow. Oh, so some of the ends, which is in the TV show is from New York. It's very good. The Bitcoin explanation is very good. Nice. Also, interesting to see the new German government is claiming one of their priorities is to decriminalize marijuana. So more and more actually to legalize it, legalize even better. The things that this website was pilloried for that was attacked for are now becoming legal everywhere. I'm becoming large corporations. Again, maybe a good use of these funds or a good use of the free Ross people's time would be to petition these large cannabis companies and say, hey, you owe a little to this. It's already too late to petition the large Bitcoin companies. They've already started ignoring you. But maybe these cannabis companies have a little bit more of a political aspect in the money like Brian Armstrong who bands all politics from his company. He's obviously not going to help you and so many other Bitcoiners. But again, the timing on this is wrong. The big Bitcoiners, like what's in Roger Vier, all these kind of people, they all believe in freedom, but they believe in freedom for themselves. They didn't step up to defend Ross. And arc your thoughts on the free. Wait a minute. That's not true, man. That's not true. They didn't man their money wasn't there. Roger Vier gave millions to that case over the time period. He has. He's donated a lot of money to Lim to help Ross for sure. Oh, good for Roger. It's maybe it's the other ones. But again, the defense wasn't there. The dream team wasn't there. I didn't get that feeling. I've watched parts of the defense. I've read about it. I don't think that they were equally armed. I didn't know that. I didn't know that. That's a good correction, light production. What a Roger. Come back to Bitcoin, Roger. That's why I'm ferns up for Roger. Come back. Come on. We'll have you back. We'll even buy a cup of coffee on the Lightning Network. And a split. Then arc your thoughts on the free Ross Dow and the NFTs. I mean, it's very cool. And he's making some money for his mom and for some of his loved ones from prison. But I mean, I think the free Ross campaign, I think it's a loss. It's a loss cause. There's so many more people who are eligible and should be pardoned before you get to Ross. And he did a lot for Bitcoin, absolutely. But then he did do also some shady shit, which he wasn't really charged for. But is that in the public opinion, in the public court of the, you know, the stuff he did with critical pain, the administrative trying to get him snuffed, that was shady. And that just, if I wish he hadn't had done that because his, you know, his plight would have been easier. Now, we don't know if he did that. And one of the things. There's lots of logs like which, which, you know, a fairly substantial to prove that he did try and get rid of this guy. And he was, critical pain was one of the main administrative to, it was pretty dark. Even though he didn't, it was all a frame of set up. And I suppose there's a very good argument there cause like, when you have, what's that called when you have like, when someone's framed, when they're entrapment. Entrapment, yeah, entrapment. So there's a good entrapment case to be had there. Cause the whole thing was fictional, like the person who's offering to offer their assassin services to, to kill, critical pain. Like, I don't think you could do that like in a UK court. For example, that wouldn't fly. It would just be discarded. But in America, you seem to get away with this kind of. Oh, you got away with these tactics too. The, the, the whole reason we all have to show, ah, if you got a hundred milliliters of liquid, is cause there was four rat bag fools that the MI5 had actually gone and infiltrated was teaching them how to make bombs. And then they came, swooped in and go, ah, you guys were going to make bombs at a liquid, arrest them, turns out none of them even had passports to even get on a plane. But now the whole world has to like, wow, shit loads of. Like again, do you are, that you are the Oracle of Truths? Like, I, I, I, I, I, I tried correct it. But, um, yeah, I mean, yeah, okay. So entrapment happens everywhere. But sadly, there's that, that tarnish on, on Russell Bricks record. So he's not going to be free any time soon, but it's very cool. He's used instantologies to make some money for his mom, who absolutely like Josh said is the mom who everyone wants. Like she's very passionate. And if there is anyone who would get their son out of jail and it's Russell Bricks from. The real problem with the Russell Bricks story is that he didn't have an exit plan. Didn't have an exit strategy. If he had gone into the Silk Road saying that, well, as a bit corner, I need to prove that there can be this. Yeah, but he was, he was ideological like he was building. He didn't have a number where he was like, if I could sell, he didn't. All of his worth. I would then exit and prove myself as this is done. He did. He also wasn't committed to being a cartel person. As a cartel person, he could say, I'm going to raise $10 million. I'm going to raise $100 million or whatever was either one of these would have been an exit strategy where he could say, okay, I crossed the finish line. I proved you can sell drugs on the internet or I proved that I could make $100 million or whatever he was looking for. He could have finished line. He could have exit. He could have gone out. The problem is he stays in too long. He's dealing with customer service issues. He's dealing with employees and he gets so mad at an employee. He decides to kill him. Like we've all been there. You're working at a fast food place and they won't flip the burgers right. You're like, kill that man. But Ross was doing it with this whole, you know, ghetto. Hang on guys, guys. Like I think it's a pretty unfair. These logs. This is typical of media and I don't want to be part of it because we're just saying that he did this. We don't know if those logs are real or anything. It was never brought to trial. It was never put in front of a court of law. They, the whole case is so corrupt, they could have made, but they were obsessed with getting this guy. Chuck Schumer was obsessed with getting the guy. There was, there was plenty of money and plenty of freaks making money stealing Bitcoin. And this is police. Yeah. How many, how many agents, how many of the FBI agents actually got indicted themselves for stealing the fake? Like two or three FBI agents actually went to prison because they were so corrupt. So you're right. You're right. You're right. So like those logs, we don't know anything about them. And just to say that that's truth and awe because we saw on a movie, it's not it. Not didn't go in front of a court and and it's unfair for us to, to constantly, you know, propagate that stuff which might be true, might not be like I'm not the one to say. But all I know is from everything that I had always read of the dreadpilot rods. And by the way, the dreadpilot Roberts was kind of an exit plan for it because in the movie, the Princess bride, the dreadpilot Roberts will always be there because the money can get passed on in generations. And this was the idea that it would build this thing and walk away. And that was his defense is that I built this and sold it. And that was many dreadpilot Robert. And didn't the dreadpilot Roberts continue to post after he was arrested as well? That was a, yeah, that was plenty of weird stuff because those dreadpods. Yeah, exactly. I think we're all dreadpilot robbers except Greg Wright. He's a fraud. I do think that Ross had to have a better plan. There's been other people who have broken through and been the first at something. And we all know what happens, right? They get nailed to a rock and that bird comes back every day and eats out their liver. Ross knew about that. He knew about Satoshi. He knew about the way that he launched Bitcoin and Satoshi launched Bitcoin above everything else. He's disappeared. We don't know anything about him. He's been an incredible success in that way. Where was Ross's similar plan? He should have known how he would be judged, how he'd be judged ideologically and that his defense would be tied up in that pure ideological thing. So if he had maybe not spent any of the money if he'd put it all in one big pile. And if he'd not ever thought about, you know, putting messages out or not, someone put these out or something, there's these messages and all this stuff. It destroys this whole case, this whole ideology pulls away and they're allowed to paint him with that other brush. It just seems like something that you'd know. If you knew you're going to, because this is such a threshold to go into this, like not just that you want to buy some drugs online with Bitcoin personally, or that you think it would be fun, but you think that everyone else should do it. And you should be the one to create a forum where this could then happen. Like I just think that it wasn't serious enough or something. I don't know. There wasn't a plan there. I mean, the guy even banned, banned guns on it on the Silk Road, because the philosophy was, don't do harm and, and you don't address the non-aggression principle of the unicocopular system. That's the, the, the foundational principle. And that's why they don't believe in government and all this stuff, because they are an aggressor. They, they, they use force and have a monopoly on force. So this was a pinnacle of his philosophical grounding. And then to have all these logs and this is why I still don't buy the whole thing. But what happened with that murder of a trial? What he actually had a massive following because his philosophical writings were amazing. And, and he would put out these great blog posts, philosophical blog posts. So a lot of people like, man, Dread Pire obviously is an absolute, amazing, lovely and and caring person against force against violence. And, and then he banned guns on the site for sale. And then when they arrested him, they said, Mertify her and blah, blah, which by the way, when it went to court, they dropped all of that. But in between that, that happening and that going to court public opinion and everybody walked away, everyone, all the people that loved the guy walked away from him and turned their back. And that goes to what you were saying, Matt, is that that when you, when, when, where were all these people? Why couldn't they get the best lawyers? Well, because everyone turned their back and it still happens now. You post anything on Reddit about the case. He was a murderer. And it's like, you know, and this is, this is what's really unfortunate about the cases that, that, that story I feel could have been planted there to really make sure that his following turns their back on him totally. I also think they made a mistake in how they went about defending him. It was kind of like you're saying, Josh, he was this superhero, dread pirate Roberts. But as soon as he got caught, he became this Eagle Scout, that, you know, his mother was trying to protect. And that motherly Eagle Scout defense didn't work. And I'm not saying that being the ideological dread pirate Roberts would have worked either, but it would have set him up to write a series of books and who've been a political figure in prison. Unfortunately, the person we've heard from in prison has been this Eagle Scout who screwed up and wants to support his mother. And it's a bummer that, you know, he let his mother down and that he did these strange criminal things and all this stuff with running the website, which was a criminal act. I'm sorry, it was political, but it was also criminal. And that he lost political momentum. Like I want to read the book of this dread pirate Roberts who, like you say there, Josh, that's excellent evidence for him. He didn't sell guns. He clearly could have sold guns and gotten more money. If it was about being a cartel person and having lots of money, he could have gotten there faster. So and so if he'd sold guns, if he'd sold nuclear bombs, whatever other bad thing, you can think of to sell on a website. He could have opened it up. But like you say, Josh, he restricted it. He made all these ideological decisions. But when it was time to defend him, the ideology disappeared. And then personally, I've heard that the judge was upset that the people outside and they're probably pretty hardcore libertarians were pushing jury notification as an idea. And I agree with this idea, especially in this case, if you think that the law is unjust, you can tell the jury they don't have to rule on an unjust law. And as we've seen in the United States and maybe even in Germany, marijuana prohibition is going down as an unjust law. 70 to 80% of the populars anywhere in the country, practically anywhere in the world would say that's unjust and shouldn't be prosecuted. This was a good attempt for them. But the judge was so angry, he threatened Lynn and told her that they would sequester the jury and the jury would hate them. But again, sequestation is pretty much necessary in such a large case. The fact that they didn't do it is probably suspected the trial as well. And according to people I've talked to, she told the protesters to go away. So again, they severed this connection between the ideological dread pirate roberts who we all liked and who I think is a fundraising genius, a luminary someone that could raise these funds to this unfortunate Eagle scout that let his mom down. And yeah, I think that this bad choice. Let's say Ben, Dan, any more to say on this? I'm not sure if we got to you. Dan, go ahead. Well, I think I've seen a lot of programs in the COVID lockdown times about confession tapes and the electric shock experiment. You know that one where the idea of persuasion gets people to do messed up stuff. You don't even look at Darren Brown and his funny experiments and how he convinces people to do weird stuff just by plowing an idea continuously, continuously. And if you put someone in a situation where you are entraping them, you know, that's that you can do, you can agree to all sorts. In terms of the fact that he had a site where you could buy drugs, like what a crazy world, like that we live in where in one country you can get executed for smoking weed and in another, there's an industry for it. And what that says about the kind of the difference in opinions that we have about sort of how innocuous something can actually be versus how harmful it can be. But I remember going on Silk Road and you know, because you had a look and they were like there were instructions on how to do stuff and how to do it safely. Now when I went and got things from people, there were no instructions. It was crap quality and no one was really outfield safety. They just want to sell you stuff. Like, you know, you didn't get an instruction book saying like here's how to do it safely, here's how to do, you know, if something goes wrong, blah, blah, blah. And so, you know, for someone to go to jail who just who basically set up a site that had, you know, obviously there was some other stuff on that they sold like, there were credit cards and stuff like it or was that part of the... Bob, Ron milk. Ron milk. But you know, ultimately it's just a very sad thing that someone's gone to jail for like 40 years and has done no direct harm to anyone, right? And, you know, and the dealers probably that got caught would have done less time than that. It's just I think, you know, you can't deny that he did something that was illegal. But whether that's, you know, because the fact that we've got outdated laws which were slowly turning around like you look at poor school, like, you know, you know, and is it New York as well? I see New York, they're providing centers where people can actually go and do drug safely now. So, you know, with the public opinions changing and it's becoming what it should be, which is a health issue rather than some sort of crazy criminal issue. And so, hopefully, hearts and minds change over time. But I think 40 years is just insane and it's very sad to see someone lose their life for having a website that literally did no direct harm. Sadly, it'll be longer than that. It's the triple life or something. It's crazy. It's triple life. Jesus Christ. Especially if you compare it to other tech founders who also moved fast and broke things. If you look at Facebook, he downloaded all those pictures from Harvard, illegally started a Facebook. If you look at Google, they downloaded the entire internet and then they indexed it. That sounds illegal. If you look at Apple, they were selling blue boxes, what jobs and was that allowed you to make phone calls for free. All of these we laugh off now. We're like, oh, yes, it was fun when they just went ahead and did whatever they wanted with the entire internet and built Google. And everyone's like, that's fine. And then, you know, they keep doing it and then Facebook does it. All these other companies break the rules. But this guy, this guy, his website, that's a jail website. Yeah, well, the interesting thing was, Dan, you could try and go to the dealer on the road and give him negative feedback for his quality of his content. We'll probably get you a bullet. Whereas on the sale road, what the interesting thing was there that people could actually write reviews. And because back then, you had to fire up Bitcoin QT. You had to command line. You had to be pretty nerdy to understand Bitcoin back in the day. I think we can all agree. So the customers on sale road were very, very, they were university students. They were very educated. And they would take the product that they were buying the sale road, analyze it in some of these spectrometers and all this equipment that they had access to at universities and then give really harsh feedback. So the product actually became really, really good on their really clean and safer. And people would give feedback to the drug dealers. The dealers would get very, very professional, have like help centers and support tickets. And one of the other people did this for Amazon marketplace or for eBay or PayPal or any of these other service where it started off kind of amateur and not professional. So you're selling 10 Barbie dolls a week, you know, you're a pro. One of the first, one of the first places I heard about Bitcoin was I just teach like little bastards, like the rough kids, really rough kids, youth defending. I mean, all from horrible backgrounds and, you know, I loved them, they were great. And they were really, it's also people you want engaged in society. And one of the first things I heard about, you know, first time to hear about Bitcoin was chatting to them when they were actively like on things like on Silk Road. And I remember taking a look at Silk Road then, thinking, oh, fuck, because obviously with my kids, like I wanted to kind of keep them away from drugs, not particularly good for those sorts of young people. And it's still something which I'm concerned about like ready access to narcotics. And I'm not sure if it's particularly good for some people in society. Anyway, so I think I really liked what's the forums, because in the forums, you would have all this really good advice about if you're going to take this drug, then do this, do that. And you know, we're sure we've got a friend with you, blah, blah, make sure we hydrated. And there was, and I was like, well, okay, if they're going to do this thing, then this is, it's good. It's better that they're doing it here than they're going to buy it from some smack head on the street, you just want to get them hooked on something stronger. So yeah, it was one of my first experiences with Bitcoin was via the kids I was teaching through Silk Road. Yeah, I mean, you could argue that that, you know, people are going to take, it's like the prohibition never worked because people were drunk anyway. People are always going to take drugs. So what Silk Road did was allow a marketplace with feedback to make the drugs that people were going to take anyway cleaner and safer. So if anything, it was a good thing for the health of people taking drugs rather than just getting it off the street, not knowing what they're doing and then they're smashed and like jumping out of windows and all sorts of crazy stuff because they can figure out how to come down. That's the user side to it. But there was also another side of like really poor communities that were poppy farmers or they were farmers. And, and one of the drug dealers on there, I remember reading this article about how he went to find these farmers who didn't have plumbing, didn't have anything in the community. It was really ragged and awful. And he said, look, I need to buy product off you. And he ended up bringing back so much wealth and building plumbing and building infrastructure for this entire space. And all through the back of the Silk Road, which was also an interesting side effect on that side. I'm definitely not for, you know, people taking drugs and just like that. But what fascinated me was how the market, the free market and the ideas of people only harming themselves, which obviously drugs, it isn't like that. It's not a panacea. When you have a drug addict in the house, you're also hurting and harming other people that are around these people for sure. But it's definitely an interesting philosophy. You know, there was, it's not black and white and, and this is one of my biggest problems with full legalization of drugs is like often, like if you have full legalization of drugs in the US, for example, a lot of poorer communities, which didn't have access to different industries, like the range of industries which other groups have access to. They had access to this particular industry and it's a way for them to bring money into their community. And they would use it to try and be able to filter down into their community. And I think when you fully legalize drugs, it kind of is, when you get to take it over by the corporations, it can kind of be pushed in a way which I don't really agree with. But no, like that, that as a side effect of like a gray market, for example, if one of my favorite examples of sort of, is in Denmark in Copenhagen, the town of Christiana, which is a Copenhagen, so it's really hip-cool city for a very healthy, happy people. And in the middle of it, there's this little town called Christiana. And if you want to go to drugs and stuff, you can go to Christiana and that the police won't bother you can do whatever you want, it's fine. As long as you don't make a fuss, if you make a fuss, then the local drug dealers will take care of that because they don't want the police to come into Christiana and ruin their gig. And I prefer that system to like a full legalized system because I don't know if with the full legalized system, when you get the corporations getting involved, like you have in San Francisco and America, and then it kind of feels a bit pushy, you know, like they're kind of pushing it. And partly of one of the reasons I prefer that system is it because you do have money then filtering into these like poorer economies in society. I'm not so sure about Christiana. I've heard that mostly it's mobbed up now. And so a similar thing's happened to the posh community where one large company dominates things. And in the other system, one large mafia dominates things. You're probably better off with the company. At least you can regulate them. Like Dan was saying, you could test the drugs, all those kind of things are at least above board because they may be in a legal opale, but at least they're following most of the rules. You can see that in Christiana, you can get drug testing kits and there's drug testers there. And also like it's so safe in Christiana, they have like tours, you can take your family. I took my kids and he goes to Christiana and I told my boy he was about in the tent at the time and I'm like, okay, this is what happens if you get rid of all the rules, you know, does this look good to you? Is this what you want in society? Because if you don't, then you can go, you can step over here and this is what you have when you have some rules and some structure. I think it's very safe. Before you start giving out those two star reviews and saying how much how bad the product is and so forth, I think that would be a big problem. You'd also have a hard time processing refunds. Oh, but I'm told that we're running out of time. We have to jump to predictions and then story of the week. Tell us in the chat, do you have anything you'd like to hear us predict? Do you have anything that you'd like to predict in the chat? I'm looking at the chat right now so I can read that out loud that you can put your predictions on the record for history. The chat will last forever or at least as long as YouTube. And now are you ready, Martin, with a prediction? Yeah, I predict the price of Bitcoin will be higher next week, but my story of the week is more interesting, I think. Martin picks the price one. Josh Tagala prediction. Well, the actually story of the week was, oh, there's just prediction. We'll do the story of the week after this. You have to go like, wow, you're gonna take something, like Superman will accept Bitcoin. Yeah, I predict that next week the Bitcoin group will be on the air on Friday. That's a tough one. We might have to do a different day. Dan Eve prediction. I predict that Charlie Munger is gonna go all in on a shit coin and lose his private keys, hopefully. Ooh, crushing Ben Arck prediction. Oh, fuck, I'm going to sorry. Yeah, the Bitcoin group will be next Friday. Oh, a lot riding on that. We might have to do a Thursday and Saturday. I don't know. Martin, okay, go ahead with the story of the week. I was just just in. We talked about the Silk Road, but I just read the US first, sees the record, one billion dollars of Bitcoin in November. And apparently they found they did some research on the traffic going in and out from Bitcoin on the Silk Road at the time. And they they called a lot of coins back in 2014 and they auctioned them off. But what they did, chain and Alice niche, they found another amount of transactions, worth about one billion dollars in November when they seized it, which is worth now three billion dollars. So that's a lot of money extra money and it's a lot of extra money compared to the 2014 auction. So I suspect these Bitcoin will be hitting the market and that might be one of the reasons that the price is down. So until that clears up, there's a lot of bitcoins to be absorbed and bought. So I think a my will sailor will probably buy them all. But it's quite interesting to see that chain analysis found that there were like, was it 50, 54, 54 undetected Bitcoin transactions that were executed by the Silk Road, according to the IRS and chain analysis. Totalling about one billion dollars and it turned out to be somebody that actually hacked the Silk Road at the time and stole those coins. So those coins have been located. The bitcoins have been seized in November and it's just out in the news. So I think this will certainly impact the price for a while. But you know, for all the viewers out there, they know that there will never be more than 21 million bitcoins. So when these bitcoins are all sold and finished and hold on to some safe storage somewhere, the price will go up again. You stole those coins before I had a chance to tax them. Josh, you got a story of the week. Well, we just gave away a MacBook Pro Max on the standard IO for the waiting list competition. It's been really, really good actually having a competition where people, they sign up to the way waiting list and then they get five points for that, five entries and then they tweet about it and then they we've got like 7000 something or 71,000 entries now or something like that. People go in bonkers all signing up and tweeting and sharing and following and you get tickets. Anyway, next week we're giving away 1 million TST which is our governance token. But it's split up that we already started doing DAH stuff. So we started to put votes out to the community. Should we give it all to one person or split it up into 10 lots. And so the community voted, which is really cool and so we're going to do 10 lots out. And so that's the next week's prize. Check it out at thestandard.io. Dan Eave, story of the week. So, so last last week, if you tuned in, I was stuck, I was in lockdown because I was waiting for a COVID test and there was coinfest on and Ben was at coinfest and he was dancing with Theo and I was really jealous and really upset and really down. Obviously, you know, it wasn't, it couldn't be helped. But about half past four on Saturday, my COVID test got sent through just when I just had a stop and I was like going upstairs, like, well, nothing to do as a Friday night and I was meant to be going to coinfest. And so I got my COVID test and I drove to Manchester and and then got there about an hour before I was meant to have a little sing song and I managed to do it all be after about five and a half an hour of like tech problems of all things like we couldn't get the HDMI connection working and then the sound wasn't working properly and then I was just like screw it. So I had a few beers and and and cracked on and really enjoyed myself. Oh yeah. Oh yeah. It was it was definitely live. That was that was for sure. And yeah, went out on the on the tiles with Ben and had probably one of the the best burgers about five in the morning in the it was brilliant. Wasn't it? We had burgers and we got like a chicken feast and shit, the rich, just around the corner in the rainbow in the rainbow district. Great food there. Amazing. And yeah, it was it was nice. Met, met, met, met some people in the park had a chat and and eventually kept on the on the floor of the of what they called the train spotting the train spotters of crypto or train spotters of Bitcoin. So that was a great night. I'm glad you got to go Dan. Bully for you and Bully for coinfest, great conference in Manchester, shout out to coinfest. Wish we all could have been there. Yeah. Then Arca, story of the week. I think that's the last coinfest as well. I mean, I think that the people who organized coinfest took an organist something else, but they did certain the chat that I think that's the last official coin, coinfest. But yeah, that was a great night and we went into the the name to a shit coinfest. So I think that's I think that's part of the problem is maybe they're going to try and ditch some of that stuff. But yeah, it was an incredible conference and thank you so much for everyone who organized that and anyone who organizes a conference because it's an incredible ball like wish everyone else had benefits from when we just go there and just enjoy it. Yeah, when we went into that burger bar, Dan said to me, oh, do you want to get anything in the bar in the for any food? And I was like, no, no, no, actually bit. And then as soon as I said that, I was like, oh man, it's five in the morning. I've drank five thousand beers and I need to any food. And then Dan came out of this platter. He bought everything in the burger bar and then we went into this park and he was just honestly, it really was the best burger which I've ever had. It was five in the morning in a parking Manchester. The air conferences go to Bitcoin conferences, probably local Bitcoin conferences. Very good. So story of the week is the PRs and Alan Bits are just getting really legit. We've got some great contributors and which I'm very, very grateful for. And the project's really coming along and then you look through some of the more recent PRs and there's nice discussion going on in the PR. It's just great. It's great to see the project kind of evolving. We've also been discussing the Alan Bits chat. The idea of having a hack day maybe in Lisbon in Portugal in late January. So hiring, hopefully hiring the block cafe in Lisbon, which is like a Bitcoin cafe, which looks pretty cool. And it's got a nice sort of venue size, maybe could accommodate about 50 people. We were going to do it in Berlin because of the current stuff. We probably weren't doing Berlin. So I see Jeff Falmo from Berlin. He organizes their lightning conferences. He suggested Lisbon as a potential place to go. I'm super excited about that. So if anyone wants to find out more about that, then look out for tweets and what knocks will be figuring out when this is going to happen exactly on dates and everything else. Also, I just did a video before this. Before the Bitcoin Group, I did a video with FHF and we were explaining our new implementation of Alan Bits, which is written in Go. It's called Alan Bits Infinity. It's really quite exciting because you can, yeah, it's just very exciting. You can, you can, the extensions which you're making Alan Bits. It probably sent me back a day or two to make an extension, whereas with the new infinity version, because with these, these lure config files, it takes like 20 minutes, half an hour to rapid process, like an extension. It builds everything. It's very fancy. So we've been, yeah, so I'm looking forward to kind of get my hands dirty with that. And then hopefully by the time we get to January, then when we go our hack day, we'll have a workshop. So people who come along, they can learn about how to rapid process, like an extension, Alan Bits. And it takes them like half an hour and an hour or so to do. So it's very exciting to see that project like. Oh my god. Can someone please at this hackathon make a lightning Gmail extension so that people can attach some sats to an email. It'll come to one folder called important. And then everything else goes to sort of unimportant. And because sometimes I sign up to some, you know, site and they'll send me a verification. I still want that. But I just want to see the sats, you know, and I want to see the emails that people have actually paid to talk to me. It doesn't need to be much. And a great setting would be to send it to charity, direct to charity or something like that. What's super cool about that is that's the original use case for proof of work, is that right? I'm back with remalously. Yeah, I'm sure. Yeah, exactly. I mean, there's some, I missed a really important email the other day because I get so much ham. Ham is not spam. It's stuff that you actually sign up for. But it's just a bunch of crap that you never want to open. And, and, and you just miss stuff. And not only that, there's all these bots like pretending to know me and they're really convincing. And then you're like, do I really know this? It's horrible. So I think email needs lightning network right now. And Ellen, this is the way to do it. Very cool. Check out lnbidstartorg. I think. .com. We haven't got dog. Oh, we have got dog. But, uh, yeah, you should check it out if you want, but it's not this.com. So it's go. This.com. Now we have a prediction from the chat. Stefan asks, predict when is Bitcoin going to be distributed evenly? I think it's going to be very hard. I think it was a fair distribution at the beginning. Not a lot of us got into that early distribution though. So that's a bummer. Maybe after 50 years, 100 years, uh, once people sadly start dropping off, then maybe their descendants don't value the Bitcoin as much. They'll sell it. Maybe that will get you more of an even distribution. Let's open it up to the panel. Anyone want to answer on? In, in, in the UK, we have all these stately homes. We're sure and buy super rich sort of feudal families back in the day. And now all they've really got is the, the building, like the home and the grounds, which they then rent out to the national trust, it becomes like a theme park and go walk around and you can look at the fancy paintings and so on. I think that's kind of the same with Bitcoin, like something you made a loan of money to begin with, but you burn through capital, like you buy stuff, you buy fancy cars, you invest in the wrong things, you have a, a wayward child who takes image cocaine, gambles too much, and then the money just goes. And I think that's what happens with Bitcoin. So not ultimately, I think it will become and it is over time, completely distributed. You can see that in the addresses. And yeah, so I don't think it's sort of too worried about, I think it is becoming more evenly distributed over time. I think it's, if it would be evenly distributed, we would call it communism, right? And it's just not working. So I think it's fairly evenly distributed already. Crazy wealth disparities, the product of the ability to have control over the money princess. No, we should come to that. As William Gibson said, the future is here. It's just not evenly distributed yet. We also have a prediction by Christian who says he predicts the Bitcoin or Bitconnect bottom at 34k or 44k. So it could be a big drop. Chester Copperpot predicts that Bitcoin will go sideways until next year because people love paying taxes so much, they will literally sell their Bitcoin. So maybe the tax event will be a larger event than the Christmas event and all of the people buying stuff. I want to add in a prediction on the Ross Obrecht Dow as much as I root for Ross and his cause. I'm afraid that this money will not be spent properly. And is it too soon to predict that it will all be stolen or used improperly? Is that too soon? Well, we're running out of time. So it's going to have to be too soon. So we'll see you guys all again. Hopefully next week on Friday as it's been much predicted here. However, if I am traveling on Friday, we might have to do it on Thursday or Saturday. Because the prediction we filed even the simplest predictions can be so hard to predict. You should have used your triangles and your squares and all your square rules and those two little numbers numbers the facts. Facts are simple and facts are late facts are lazy and facts are late facts all come with points of view. Facts don't do what I want them to. But we're running out of time.