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, Martin Wismer, from General Bites. Hello, Bitcoin, whatever you are. Thank you for watching. And I'm Thomas Hunt from the World Crypto Network. Moving on to issue one, issue one, Bitcoin prices fall to lowest in months after US Fed remarks. The Federal Reserve in the United States may be raising interest rates sooner than some had anticipated and selling off some of its assets. If the Fed does this, it could have a knock on effect of traditional investors who hold Bitcoin as they pursue less risky assets instead. There's also trouble in Kazakhstan, but we want to save that for issue too. Martin Wismer, the price of Bitcoin is down, holding Moli, the broke the stock to flow, the house is on fire, Henny Penny, the sky is falling, yes? Well, yeah, if you haven't sold by now, you're doomed. No, no, no, no, no, just kidding, just kidding. I think it's, it is a whole fat thing that did have quite of a shocker on the, on the price because people see the prices, if interest rates really start climbing, this, you know, this might have an effect that people start saving again on the bank account. To be honest, I don't see it happening too fast. And I'm not, I'm not to worry about it. Personally, I'd say, you know, just hang on, stay in your, don't sell your stack of Bitcoin or whatever coins you have, I can't advise you on the other coins, definitely Bitcoin, Ethereum and the other top coins, they'll bounce back, don't worry about it. I think it's, it coronates a bit with the S&P 500. We've seen a drop there as well. So it's, it's something that goes up, will come down and it will go up again. So if you're in there for the long run, I'd say don't worry about it. If you're day trading and you're in big trouble, you're having trouble. Well, I think it's important to talk here to all the new Bitcoiners because basically you had it too easy for too long. We went from, I don't know, 4,000 to 40,000 in a couple of months. The whole time you had this stock to flow guy with his magical chart, telling you that everything was fine. The only problem was is that you hadn't bet the house on Bitcoin. You got the Bitcoin team, a guy screaming from the hills about how it's the best investment of all time. But remember for Bitcoin to go up crazy like it does, it also has to go down crazy too. So you're not going to get those easy gains that you thought you're going to get unless you hold on longer. Now again, everything about your investment is still true. There's still 21 million Bitcoins. There's still easy to send over the internet, impossible to copy. You can verify that your Bitcoin is the Bitcoin. It's similar. It can be verified. All kinds of other wonderful electronic properties that don't matter today. What matters today is that the stocks are down, the markets down, the overcrons up. Everything else is happening and that causes other investors to have to sell their assets. Sometimes that means selling their Bitcoin. They're not all hotlers like you. What's it called? Martina, traitors? Traitors. Traitors. You said don't bet the house, but actually I did do that. So yeah, aside, I'm not that I'll be living from a cardboard box, but definitely you don't max out my Bitcoin investment there. I'm not too worried myself. It will be okay. It's definitely for the new beast. It can be a bit of a bumpied right, but we've been in there. I don't know. So almost when did you start with the world's crypto network? It's like 2012 for 2013? No, we forwarded it. Well, Matt Bitcoins was 2013 and the world crypto network was 2014. Bitcoin group actually was in between. It was before that. That's also a 2013 type show. But again, we really have to focus on. I love the cryptography. He's a count on Twitter this week. He had a thing he said. It's time for surf and turf. And it was a top ramen seafood flavor and top ramen steak flavor. It's time to get out all the old working at McDonald's memes. I think I just saw one recently that Michael Sailor, somebody really big. He was also like myself, like many other people that I know worked at McDonald's for their first job. Like he got Burger King by the Mick Corporation. Exactly. I think all of those are good jobs. That's all like this great thing in 2013 where we started. We went all the way up and then we started to go back down. And again, I was hardcore hot. But I didn't sell a single Satoshi at the top. No, sir, Bitcoin is gracefully ever. Why would I sell? And then on the other side, it's like, oh, you would have sold because it would have been easier to pay your rent. And now, and I said, hey, let's go get jobs. And I moved to San Cisco and I got a cool startup job for a while. And I got another one and then it did my own startup. But yeah, we have to, like they say, unfortunately, I don't like the thing. It's goofy, but they say, build all right. We're supposed to build with spelling errors during this time of down. And I'm afraid about this is that you kids are living in the future. Like we used to say Bitcoin time was, I don't know, four times accelerated or something like that. It's more like eight times accelerated. The bear market here or the whatever, they're going to call it the downturn, the crash, the whatever fun word we want to use. It'll probably last two weeks. It'll probably last like a month. We'll be like, gosh, that was sure a tough month. And now we're back in business. Everything is so fast these days. Just man. I think the build meme is actually a pretty cool one. You know, it's like many people that just sit there and just wait for price to go up, but price just doesn't go up automatically. So this is why we all try to contribute in a way to the ecosystem and make it stronger and make it better. You know, world crypto network is doing that by spreading the word of crypto, kicking you updates, it's on the latest developments. And in general, by the way, we make Bitcoin 80M in trying to like educate the and educated masters about cryptocurrencies and specifically Bitcoin. So in that respect, the little bit of little is a good meme, I think. It's like hot old but then middle. I do think you bring up part of my point there, like general bids, world crypto network, we can't stop building when the times are good. We have to keep building. Like we're pretty much always building. So the idea that you know, price down, build, it's like, well, yeah, but kind of always be building like building. So Thomas, isn't that like, you know, when the price is going up, up, up, up, up, up, and like the, the, the, the rates of building like slows down at times because we're just blinded by all the green candles on our screen. While if there is just blood on the streets and everything is red, then we're like, oh, I never mind. I'm not going to watch those those those rates for a while. I'm just concentrating on whatever we do best. And that's that I think bear markets are good for bringing in new developments in Bitcoin. It does, you're right in in saying that, you know, even if the price is up, we're still there and we still building. But that's, yeah, well, I'm we're totally moving away from the topics for the show. So all the other good inventions like Kerio cards happen during the, the build of phases, right? So we'll just go that way with it. When did you create the cards? Do you remember when you, when was it also in the bear market? It was a 2017. It was May. And I think we were still kind of middling to up. I know by the time, you know, maybe four months later, we, you know, kind of given up on Kerio cards and it was time to move on. And I was going to do my big Europe trip. I think we still had some boom left. I think we boomed. So we hadn't quite boomed, but we were in the middle and the nothing. And then after we, we boomed and then we went down. And then now everyone looks back at 2017. You're like, oh, you mean the dark times, the horrible years and years of down price. And everyone's like, what do you mean the price only goes up stock to flow? Yeah. Well, this was all I don't from where them he is like a, he is, he's a, while he's a famous Dutch Bitcoin or at least in all of the Netherlands, but he writes, I believe, for Bitcoin magazine. And he, he told me once like, you know, this whole stock to flow thing is just moon mouth dot win, which is like this logo red make a chart with a Josh always watches with some added magic, magic mouth. And it makes no sense. It really makes no sense. And even though the pictures look pretty, he says, I don't believe in it. And back then I was like, how can you not believe it? Price goes up. Number go up technology. The price will always go up. But now yeah, I looked at moon mouth dot win and yeah, okay, we're in a different color of the rainbow price go up chart. So maybe Adam was right after all. So yeah, time will tell Thomas, the famous last words and next year we're all up again, but we'll see. What I love about it is the appeal to authority because I think it's really simple for any Bitcoin or to look at Bitcoin and say, wow, there's 21 million units less and lesser being produced all the time. I think these things are going to be more and more valuable because of the less and less production and because of the cap, the limited number at 21 million. You don't have to be a rocket scientist or some big stock market guy to say that. I mean, that was a really obvious thing from the beginning. And again, all what would I have done you would have said, oh, I should just buy and hold. I should convert all my money and all my wealth and everything into this buy and hold, which a lot of people did some people did, but it's also very risky. It's very scary. If you're like betting your house and all of your possessions on the thing and if you sold all your possessions, you don't even have anything anymore. But I think then it got codified and this guy came along and he's like, I'm a stock market expert, but I'm an anonymous stock market expert. I love that part because on one side, you know, say what you will about tone vays who's also got kind of an anonymous name, but he was like very clear. He's like, I worked at Bear Stearns. I worked at Lehman. I worked at these big firms. He had big positions. He was a professional. And I'm sure if you did a little due diligence, you could figure out, you know, that his resume is true. But again, it's still same kind of prediction, same kind of charts, but was so great about stock to flow that I love the whole time is what was his name is like going to the plan B plan B. Again, which is a previous Bitcoin meme not created by him, not like his thing, just like the Bitcoin standard or whatever. That was also like, like Bitcoiners talked about that before the book, you know, like we didn't codified in a book with a bunch of words than like the little, you know, Bible thin paper or whatever he's got going on. But yeah, it's been codified before and even Aaron Conex book was very similar to the Bitcoin standard and predated it. So yeah, all this stuff just keeps happening again and every six months someone new comes along and reinvents everything and tells us about how great it is. So it's sad to see it drop off of the little charts and but it's also great to see the excuses keep coming. He's like, it always does this and it does this sometimes. And you know, obviously the dots are still there and I still believe in it. And so we're going to turn around and then it'll be fine. So it's right when he's wrong and it's wrong when he's right. So let's check out the chat. The chat's excited for the new low prices. Captain James T. Crypto is buying. He says it's a good buy. Proper golf says that and now you eat them. I said, new people who are freaking out and selling at the bottom. Again, the other thing you have to do is always like take that test. I think there's a website like, is it time to sell Bitcoin and you can go there and it always says no. But you know, what you want to do is you want to say, wow, if I'm freaked out and other people are freaked out, they're probably like 10 times more freaked out. 100 like how close are we to the bottom if I'm this freaked out and we got to be close to the bottom, right? And the only thing we're waiting for is for you to sell as soon as you sell, we're going right back up. So go ahead and do it. Give up. Get out of the market so that we can go back up so that you can jump back in so that it can go down again. I don't know. Remember, it does the exact opposite of what you want it to do. I think that goes well to the exit question. Martina, you're ready to compete against the predictor of predictors, prognosticators of prognoscators. This is the only true predicting tool in all of Bitcoin. It's the only investment that fights you actually need, really, for Bitcoin. Pretty much like you could go with this. I mean, they used to have that hamster that predicted it. That hamster died. Dead hamster. Can't know how plastic never dies. Last forever. Outlast the planet. All right, Martin, hire or lower this time next week. Yeah, I don't want to say it, but I'm afraid it will be a little bit lower. Oh, come on. I got to go higher. I just talked all this stuff about the bottom. I'm going higher. You're going lower. Here we go. We're asking the ball. Will the price be higher this time next week? Here we go. Shaking the ball could cause bubbles. Ask again later. Ask again later. The ball has spoken. It does not want to speak today. That's just the way it is. Sometimes sometimes you get a prediction. Sometimes you don't have to tune in to get next week. I give us a thumbs up down below. Say hello in the chat. Issued to Bitcoin network power slumps as Kazakhstan crackdown hits crypto miners. Apparently the Bitcoin hasch rate that used to be in China has moved to Kazakhstan. Kazakhstan now accounts for 18% of the global Bitcoin hash rate up from a previous 8%. This was going just great until riots in Kazakhstan because of fuel usage led to interruptions with the internet leading to you guessed it 18% of the Bitcoin mining network dropping off instantly overnight. This could be the end of Bitcoin according to the mainstream media. Obviously there's big trouble for a little Bitcoin in Kazakhstan. Martijn your thoughts on Bitcoin and Kazakhstan? Yeah, it was quite shocking to see that 18% of the network hash rate is all of a sudden offline. I'm not a miner but if I would have like millions of dollars invested in mining hardware I would definitely. I would just so make sure that I have a backup line for internet connectivity. You can get the blockchain, the Bitcoin blockchain via the blockchain satellite for just a few hundred dollars. It's less than the price of an average mining rig. Just for a few hundred dollars you got your Bitcoin blockchain always up to date. Make sure that you have alternative means of transferring your data out, say your mind blocks. Then this would have never happened. It's something that is totally avoidable and yet they didn't do anything and rely on very well broken infrastructure. The fact that they can switch it off all of a sudden, all of the internet in the entire country just to stop the protests or rioters as the government calls it. It's just staggering and I hope this is a lesson for miners elsewhere that they should make sure that you have a backup plan. I mean it's not that hard. Get a block stream satellite, they're cheap, you can get the kid, you can get the pro kid and it will still not cost you an arm and a leg and get some backup way to transfer it. Maybe Elon Musk has no satellite coverage yet in for his space, not SpaceX, the satellite link or Starlink. If possible, get the Starlink, they should get the internet coverage that you can send the information but for receiving it, Starlink might not be the best and then use the block stream satellite kit. With those, you can basically mine anywhere where there is power. So don't rely on local infrastructure if you want your mining rig to continue. So yeah, the mainstream media of course is projecting this as the end of Bitcoin because it's something bad about Bitcoin. Let's just blow it up into from page news, but that's not the case. Bitcoin will continue to run 18% drop will will probably the difficulty might adjust if this takes very long to recover. If not, then it's back to business as usual in no time. So, so yeah, all the miners out there get yourself this block stream satellite kit. It's only a few hundred dollars. By the way, it's not a paid endorsement or anything. It's just like not related to block stream. I don't, you know, I do know some people there, but I'm not related to them at all. But it's the easy way to get your block stream, sorry Bitcoin blockchain up to date and you know get it without any French fees for bandwidth or anything. It's just a receive only dish quite simple actually, but it works. And then use alternative means anything, you know, if if if if if Starlink fails to use a mobile phone or whatever you can to just get your mind blocks out and then you know your business will thank you for it because you're making good money. You know, be making good money if you would be able to continue mining. So yeah, let us be a lesson to all of your miners out there. So what I like about this one is one scan, they're saying lessons. We never learn. We're just going to do a copy of the sweatshop model where you had the sweatshops in China, they kicked you out and you move them to Taiwan. They kick out Taiwan. You move them to Thailand. They could get a Thailand and move them to Burma. You know, you just keep moving these undesirable businesses from place to place looking for the cheapest possible place to do it. So they were like, wow, China's, you know, kick in this out. What's the next cheapest Kazakhstan? You say they have an internet off switch. Like no problem. Don't worry about they'll never use that like the dictators of friendly dictator. And a hoodie and he dances around on stage with fireworks. You can trust him. Like the king of Thailand. It's like these are good people. Like you don't have to mess with them. So yeah, we're going to go, we're going to go country to country. We're going to keep getting kicked out. We're going to keep being the bane of local infrastructure. It was only a few weeks ago, we read about Iran, I believe it was where they shut off the miners. And they're like, we just can't take this anymore in our electrical grid. Like you have to stop. Like we love the, you know, you're putting the thumb in the eye of the US and the international monetary fund and all that. We love that. But we don't like you rooting the electrical grid. And this is just going to keep happening as we continue to build up the electrical grid around the world and to make the world fit and safe for Bitcoin mining. And then we're going to do it everywhere. And like Martin says, the Bitcoin, the honey badger doesn't care. It kept confirming transactions. The media doesn't understand this. But we actually have tons more hash rate than we need. I don't 300 times 500 times. We have tons more hash rate because the quest to get that Bitcoin, the magical number is a big quest, right? This is like Willy Wonka with the golden ticket. Everybody who used to work on something else now works on trying to get the golden ticket of Bitcoin and they're unwrapping candy bars 24 seven. 18% of our candy bar wrappers and cause extent have been shut down, right? The dudes are there. They want to wrap unwrapped candy bars, but they can't get the shipments in and out like Martin saying they don't have a satellite to get the new candy bar images of the day. So they're out, right? But that's not to say that we at Bitcoin don't have other people unwrapping these candy bars for you. We do. They're unwrapping, they're delivering them, they're adding transactions. The network continues. Honey badger doesn't care. But people write articles about it and they get scared and they have to sell because they're afraid of the 18% of our candy bar wrappers have been lost. So there you go, Martin. What do you think anything else to add on? Alas are our poor friend Kazakhstan. There's candy bars for every one of us except when you're in Kazakhstan without a satellite. It does have that unfortunate feeling just like North Korea where you're unwrapping all these candy bars, but they take all the candy and they take the golden ticket if you get it. So it's a loose loose over there. Well, we have a client in Almaty, which is the capital of Kazakhstan who operates Bitcoin ATMs there. And he's offline too because he can't send out the transactions, which is really sad, you know, especially at times like this when there's like people writing in the streets and they're sick and tired of the totalitarian regime. And even though the initial excuse was higher gas prices, this is far deeper. This is one of those, you know, regimes that basically don't listen to the people there, just there to enrich themselves and people on the street that have no option except buying Bitcoin at a local ATM or trader and just try, you know, try to have a plan B not the plan B or but plan B, you know, so that's it's said it's Bitcoin will continue to work and you know, I hope for the people in Kazakhstan that things get better soon. So you're probably not listening because your internet is working but we are guiding this broadcast so you can watch it later. If you can't trust an authoritarian regime that makes their own laws and just pushes them through Congress and foreign and fires the attorney general, I mean, who can you trust? Who can you trust? You know, I know. I am. All right, we're going to move on to the next issue. Check out WCN clips on YouTube. You can even push that subscribe button. We've got new clips like Jack Dorsey retires from Twitter will Bitcoin jump to 100 K again and Odell Beckham Jr gets his salary in Bitcoin on WCN clips. Once you have viewed a video because there's so many videos make sure you click the thumbs thumbs up button because the more it's easy to see which ones you've seen and which ones you haven't and every time you click that thumbs up button the price of Bitcoin tends to go up just just just just you know serving suggestion here. Every every time issue three have a no leery explains why he thinks NFTs will become bigger than Bitcoin. Yes, Mr. Wonderful from Shark Tank is back again and he still doesn't like Bitcoin but now he likes NFTs. He says that it's a much more fluid and bigger market and that NFTs could provide ownership of real world items such as designer washes. Or flash cars very interestingly Mr. Wonderful believes the NFTs non fungible tokens could be bigger than Bitcoin even though and have more fluid markets that's the interesting thing I'm finding here a more fluid market despite the individual nature of the NFTs. Let's say keep asking Martin first so I have to ask myself first what do I think about Mr. Wonderful saying that bit NFTs will become bigger than Bitcoin. I'm very glad you called on me glad. A million long time list our first time caller hey now obviously but I first why love the phrase bigger than Bitcoin it's very much become a John Lennon Beatles bigger than Jesus moment where every new contender in the space whether it's Ethereum or EOS or file coin or world coin whatever they're all going to be bigger than Bitcoin faster than Bitcoin better than Bitcoin. I like that that idea that's it's so optimistic it's a complete opposite of the normal media where they hate everything instead now they're like every new thing that comes along like piece of dirt coin I found on the road better than Bitcoin right. So there's that side but then on the other side I want to say that Mr. Wonderful might be right in his own way when we first designed NFTs back in 2017 with Curio cards one of the things we talked about is that there just be tons and tons of NFTs and that perhaps sending someone a picture of a teddy bear with a little token that corresponds to the teddy bear would get them more interested than sending them a fraction of a penny and I know all the geeks out there like what do you mean I showed him the cure. I said put your money in here and I told them they wouldn't do it but now they've got a teddy bear and they put all their money in again is just we didn't understand how people think how human interest goes people love little pictures of teddy bears and we're going to talk about South Park a little later but you know I'm fine I lost my house and my retirement but I got a little donkey with a sombrero right it's unique donkey with a sombrero so unfortunately I'm not creating I do think that's not going to be a big deal. I think you know Curio cards have value old NFTs crypto punks have value because they're old so that's a different thing but in general the idea that all of these things are investments I'm not sure of I do think that they're all unique I think that uniqueness is cool and if you have one and you think it's cool that's the value to you but then if you need to sell it to buy a house or whatever you have to find someone willing to trade you a house for that beanie baby right and that's where I don't understand Mr. Wonderful saying a more fluid market when every beanie baby is unique and maybe people don't like beanie babies with top hats you know they like beanie babies with cigars this week and yours is not cool and you can't sell it for a house you can't even get anybody to buy it so more fluid I don't think so but a huge market and again people are all thinking too small you need to think bigger like a run of a million NFTs and a million people holding you know one of your super bowl tokens and think you have as an advertising thing as well where once you're holding one of the tokens you can drop more tokens on them you can see what kind of other things they have in their wallet there's a whole advertising marketing component to the track ability of these signatures which is the point that's why you put them on a shared public ledger so they're trackable in the public you can do all this data analysis anyone can do it but it's all going to be there and I think that that's where they're going to find the real value to NFTs which will of course crush current collectors who don't want to hear this but fortunately they don't have the attention span to go through this show to get to this point so there's no way they'll know so martin NFTs the biggest new thing in the world bigger bigger than Bitcoin well you know the idea of right the article a Kevin O'Leary saying that you know that it was going to be bigger than Bitcoin and in the end at the end of the article it says yes Mr. Kevin O'Leary owns big bags of Ethereum so it's like you know like a butcher certifying his own quality of the quality of his own meat you know and it's like of course this is a perfect investment because I own bags of Ethereum and I got to do something with it it's example that you know everything like watchers and real estate and everything will be on the blockchain and it will be an NFT it sounds like the whole bananas on the blockchain stories we had like during the ICO craze so I'm not too convinced I'm with digital art I think yes you can easily track that you can you can link the two but you know there's too much possibilities for fraud when it concerns assets that are not really native in a digital space like you know they're like real world assets and I looked at that in the at the past with you know like NFC stickers and tags and anti tempering tags and stuff like that but it remains a problem and that this will continue to be a problem so I don't see that happening in real world NFT type of things very soon it's just like you know replays NFT with ICO or blockchain and you've got basically the same story but for digital art yes I think it does make sense I do like you know like to own a couple of items like urban street art you know graffiti and stuff that's my thing I'm like I grew up in the 80s so that was like everywhere and all cities were colorful and nice everything was street art so if I would be able to purchase a piece from an artist I like and then can prove that yes that's that's mine you can have a photo of it but this is this is mine this is the picture by the artist and I would yeah I would invest but no this article with Kevin O'Leary was more that Kevin O'Leary is trying to get everybody excited because he owes big bags of Ethereum no it just didn't fly with me I must confess I never watched Shark Tank this is not really like you know it wasn't on TV on this side of the point so Mr. Wonderful this doesn't ring any bells with me I just read the article and for the most products basically you wouldn't believe it here CNBC during the day does nothing but air repeats of Shark Tank and it's a pretty basic show there's like three or four sharks they're all kind of rich investor guys they bring in an entrepreneur and he's like I make t-shirts with puffy designs that glow in the dark do you want to invest and then they decide whether they want to invest and they talk there and they have very bombastic opinions like Mr. Wonderful he'll be like I'll offer you a loan for your t-shirt company and every t-shirt that you make I get a royalty of $10 for the rest of your life forever for all time and it's always like a very bad deal and people get upset and they're like that's a bad deal blah blah blah but the rest of them all seem not not like great deals either and then they all set up a competing t-shirt company that does exactly what yours does but no one knows it's very popular show it's people it's like you you can pretend that you're an entrepreneur like I watch the show therefore I'm just like the people who invest and I'm just like the people who work really hard to make presentations and make companies and they're sweating and they're double mortgage their house and they're staying up all night I'm just like those people I watch I watch show that's that's this is one of the reasons we didn't get any investors from board general wise because the investors want a large chunk of the pie so these shark tank investors are just like any other VC or other investor and except that there's TV cameras but if if you create a product or a server and it's run some Bitcoin or blockchain or whatever even if it's just t-shirts and glow in the dark you want to make a nice product you want to make a profit on your product but you want your clients to be happy and so you're with if you're basically just with your client on the table you want to have a good product the client wants to have a good price and that's it but if you get these VCs on board they initially provide you provide you with a lot of money but what happens after that is that they get a large you know they can get to put their stamp of you know on decisions made in the company and the interest of those investors usually are not the same as you your ideas as an entrepreneur or in the best interest of the client because you know they want the highest price and they want to grow fast and the client just wants a good product and you want to make a good product and you want to like agree on the price but you know getting this extra person on the table you know makes it a lot more difficult to actually start a focus on growth like I remember a change tip was a really big company in Bitcoin and they raised like five to ten million dollars and in my head the way that the way that I run like my operation here I'm like I could run the servers for 20 years you know I could have all the everything could auto renew all of our software could just keep running you know even though even if we wouldn't have any marketing we wouldn't have anything new being developed who just have that back end of server still we're going to be able to do that and the product would still be here today if the product worked really well if the product to work well it had to be fixed all the time if it was being broken into security updates all that I understand that but it wasn't ever about like how long can we run the company and I'm not faulting them all startups of this way it was about how quickly can we grow the startup and if you can't grow quickly you're fired get the hell out of here like we need some new people or we need some new money or we need a new one or we need a new idea because if it doesn't take off quickly like you know Cureo cards we only had a couple of months there where the people were willing to you know follow my idea and release new cards every week and the programmer was in line and the Biz Dev guy and all of that and then after that was gone they're like like the guys in Rick and Morty they're like what do you mean what are we're gonna pay me paid for like we don't work for nothing here and once that happens you can't keep making widgets you can't keep doing the things that you do and you have to really do it and you have to do it. You're gonna have to raise more money or you have to do with the VC's what so I do think we see this happen all the time. It's funny it's funny you mentioned change that because I knew one of the early investors in that company and I probably am way out of bounce telling is but you know, this company change it was very popular just about everyone and anyone anyone in in in crypto or bitcoin had this change you could use change tip to tip basically anyone. But the growth rate was really there until it came to like what, half a million users, 500,000 users, and then it stalled. And why did it stall back then? It's because there were no more crypto users. There were just roughly 500,000 people globally interested in Bitcoin and that wasn't enough for the investors and basically they wanted their money out, they wanted the money out and whatever happened to the company, they didn't care out. 500,000 is not a company we are in willing to invest in. So this is what happens. And I think yeah, you're right. If they would have just grew it organically and instead of like making this big boom with the investor capital and just like grow it, then it would probably would have still been there. It might have had some changes like support for lightning network and maybe some of, I dare I say it, some shit coin support. And then with auto conversion maybe to Bitcoin or some other integrations, but it would have definitely survived. Then it said to see that if you get these investors on too early, they might really literally run your company and your idea and your life's work. So I can't take all the credit for that. A lot of this idea comes from the HBO show Silicon Valley, which is a great show, but the guy does come to him at one point and he talks to his friend and his friend had taken a similar deal to change tip where he got the $25 million or whatever. But then you're expected to build a company that's worth like half a billion or whatever. You're supposed to have millions and millions of users and all of these incredible successes after successes after successes because you took their $25 million and they want a huge return on that money. And what the guy said to him in Silicon Valley, he said, well, why don't you take $5 million and build a smaller company, build it slower and really get to know your users and have a good product. And the guy's like, no one ever told me this was an option. I agree with him. I don't think it is an option. You got to take the 10 million. You got to take the 25 million. It was offered to you. I don't blame these change tip guys. They took the money. They tried to get his flashes. They could try to blow it up as much as they could. And it didn't work. It was too early. I agree with Mark Zeein. But yeah, it's very difficult. These startups and remember, it's not about serving some greater purpose. It's about we borrowed this money from some rich people. They want a five times return. They believed our plan where we said that people would collect blockchain collect bulls or whatever you said to them that you took their money and they want a giant return. So this is a very, this is why we get to be tools and crappy things here on the internet. Like why don't we have a good communication tool? Why don't we have a good photo sharing tool for families that doesn't have any politics in it? These kind of things. Because nobody pays for those things. People pay for the advertising. All the real monies in the tracking of the advertising and the tracking of the clicks and all the psychological things that they built. Like that's where the real money is being spent, sadly. I do think like if listeners out of viewers are thinking about starting a blockchain or a Bitcoin startup, really do consider this. And in many cases, it is better to grow organically and to grow a little bit more slowly than to just go for this big boom, big bang approach. Because the market is kind of like a roller coaster and you'll find that even though you start your company during a bull market and everybody is, you can't get on board people as fast enough. You'll find that business might be slower during a bear market. So it's better to just organically grow your company than it is to just like, you know, just go, you know, hiring, hiring, spree and get as many people on board as you're just possible and fast as possible time. Because that would be so fun. And we'd get a pinball table and a ping pong table and all the startup stuff we'd have free lunch. Oh, we would do it up at my store for the couple of months or whatever until we ran out of money. But yeah, that's the system. That's the way it is. We have a bonus issue here on NFTs. Check it out. Moon pay, the unicorn snapping up NFTs for celebrities just bought a $3 million punk. So I guess celebrities can't buy their own crypto punks and fancy things. So they go through this company called Moon pay, Snoop Dogg, Martin Garrix, Diplo and Jimmy Fallon. Seems they usually buy board a yacht club NFTs. Martian, what do you think about these rich people using a secondary service to buy their NFTs? I know we're all like, you know, bit corners and hardcore, hold your own keys, hold your own NFTs, right? Well, I don't know what to think of it, honestly. I recently read this article about that, the old way to loan their money was to start buying, selling and collecting bottles of expensive wines. But that completely changed. Now it's NFTs. You can loan your money very easily using NFTs. I'm not going to give you full instructions here, but it's just a matter of buying, selling, then buying it back. And then you've got an inexpensive NFTs. And you still have all your Ethereum or whatever you use to pay for it. So yes, if I see those articles, I just start laughing. I really, I just, you know, just, no, Thomas, no. Well, there's this great scene from the Hugh Grant movie, Mickey Blue Eyes, that I edited for Curio cards a while back when we were at the Big Christie's auction. And in the movie, Hugh Grant's an auction dear and he sells expensive paintings at a place that's similar to Christie's or Southern Bees, right? And it's gone really well, but then his girlfriend is all mobbed up. So pretty soon, the mob wants them to sell paintings for them, like you're saying, for the money laundering for the payoffs. But what's so great is this one old lady starts bidding on the mob painting. And they're like, oh no, let her bid. We'll take her money. And then we'll do another corrupt deal next week. And it was, it could have gone that way. Like unfortunately, the movie didn't go that way, but it could have been a whole like Banksy thing where the mob paintings become too popular. And pretty soon you're not even doing the laundering anymore. You're just selling popular paintings because you lucked out and you hit the role. So artists like that, it's very crazy. I've also heard lots of things about art, you know, being corrupt, like you decide boss gods, your favorite guy and you go buy 20 boss gods and then go around town tell everybody how great boss got is. And then now everybody's buying the boss guts that you bought last week. And you're just an example, there could be warhol, it could be anybody. But yeah, this kind of collectors, it's, oh, you haven't got a snuff scarred yet. Oh, we got 20 snuff scarreds last week. Oh, you're, so you're not even cool. And then the next week they'll have splendskards. So the art world is like that. And I think it's, it's good that celebrities are getting in. I think it's sad that they can't buy their own. I think it's pretty simple. I guess it's really scary if you're gonna put half million dollars into a theorem, then put half million dollars into a board ape or a crypto punk. It's super funny though to imagine celebrity making like a list or an order like, I want one with a brown background. I want one with a cigar like, or do they go find the one where do they choose from a selection? I think you might like these or maybe you acquire them all and then then let them choose. I don't know, I just think it's super funny to think about a showroom and they've got their little tablet and they're like, oh, here you are, sir. Would you like one of these monkey pictures that are all generic and look the same? Like, it's so, it's such an obvious gift. And what I love is the whole time they're like, oh, it's for the artists and all this stuff. And it's like, were these designed by artists? Now, these were designed by an algorithm. The algorithm shows the green background with a red cigar, which is where all the value comes from because it was random. And then the audience decided that red cigar ones are the most valuable just arbitrarily or someone controlled the market on red cigar ones. We'll never know. But arbitrarily, that could be worth a lot of money, sir. And you can change your Twitter profile picture to this. Like, you don't have to go do a photo shoot and do all those things used to do as a celebrity or be in a magazine or something like that. No, no, no. You buy this generic cartoon artwork with a cigar or like laser eyes or 3D glasses and then profit. Yeah, yeah, yeah, yeah. Just like the underwear notes. And you'll be cool. You're gonna make money and you're gonna be cool. So like, what else could you want here? All right, I think we're running out of steam on the celebrity NFTs. Moving on to issue four Pakistan, likely to earn billions from cryptocurrency. Yes, cryptocurrencies could boost the reserves of Pakistan, raising billions of dollars from assets held by nationals or dual citizenship residences, prospects of cryptocurrency. So it sounds like they're gonna try to take the money from their people. That's not so great. I would prefer if that Pakistan government had crypto. But I do think it's an interesting example of how cryptocurrency, which again, we asked the United States government to use. We told them to hold their coins and use them to build new museums instead of giving them again to the richest people, Draper, the Winkle Vi, other people who could have just bought their coins on the open market. But the government made it easy for them. Meanwhile, other governments, unfortunately, like North Korea or Iran, Pakistan, seems like they did their homework, started holding Bitcoin, mining Bitcoin, confiscating it from their citizens, all kinds of other great ways to get Bitcoin. Now, Bitcoin might upset the apple cart of the world, suddenly transforming poor countries into rich ones. Martin, what do you think about these unintended side effects of the United States government ignoring Bitcoin and the banks ignoring Bitcoin? And all the other people who ignored Bitcoin for years and years and years. I think it does make sense for smaller countries. Of course, Pakistan has their own currency. So in case of Pakistan, it will probably undermine their own currency. But if they have like, there's lots of Pakistani people living abroad. So it does make sense if they use it for remittance, just like in El Salvador's case. They currently probably use money transfer services or an alternative service that works in a similar way, but it's not like Western Union. Those services are expensive to use. Bitcoin just makes this easier, not necessarily cheaper, but if you use lightning network, it's definitely cheaper. I think it gives people in Pakistan an option. Right now, they can't save. Like, there's no way they can save in a local currency. They'll have to change it to dollars or something. And what is a dollar good for saving? Well, as we found out, probably not because the price just keeps going up. So. Well, and it's so hard to get the private key off your dollar. I look everywhere, but there's nowhere to scratch. No label comes off. No 3D mammal for gold any longer. No, no, no. So I think yes, it gives people an option. The article itself, I didn't find very well written or anything. It was going on about an ETF in Pakistan to do an ETF for Bitcoin. I mean, really nobody cares. Just make sure you buy some Bitcoin, keep your private keys, keep them to yourself, especially in countries where you can't really always trust the government then you're better off keeping your own private keys on just buy, hodol. And doesn't have to be a lot. Just, you know, even if it's a tenor or a few tenors a month, it will still appreciate in value. But just maybe be aware that many people I know that by like on the DCA dollar cost averaging by some Bitcoin every month, they do that when the price goes up. So they see the amount of Bitcoin they buy for a fixed amount in the art. And they see the price of Bitcoin go up. So they keep buying that same amount of Fiat every month. But what happens is that when the price goes down, they stop doing it. So if you're DCAing, you're saving Bitcoin, they keep doing that too for the same amount of Fiat every month. And even though it might be a bear market, because those are the moments where you actually accumulate more Bitcoin. But yeah, whether you're in Pakistan or whether you're in on this side of the pond in Europe or whether you in the US doesn't really matter. Bitcoin is good for everyone. I don't know about the ETF plan. I'm thinking maybe if they just took a lot of money from people and called it a bond, then if they took all the private keys, put them in glass jars, buried them in the ground, and then waited a year and then dug all of the glass jars up. They could have it like the volcano bonds or something, some kind of hole in the ground bonds. I think it'd be really good for like, like last jars, no, I think I think we'll keep the private keys safe. They could do metal as well. They could do tests. But I do think that burying the keys in the ground and then digging them up a year later or perhaps three years or five years is a really solid use of the money. Keeps it secure. It's a lot better than building a whole city right next to a volcano, something like that. I think it's great. Tax stands into Bitcoin. I don't think it's great that they're judging the value of their Bitcoin by how much their citizens may hold. That has a parasitical libertarian type feeling to it where you're like, oh, yeah, they gave you a Social Security number and they made an account for you and they're tracking you. And if you ever want to move anywhere, you have to pay them a bunch of money and it's kind of creepy. It kind of seems like they own you like your government resource, like a GI, a general issue or government issue. Something like that seems to be happening. But we'll look past that for now. We'll say a good job. Pakistan. I don't know. Moving on. Got bonus issues. We're going to talk about movies and TV shows. We'll try not to spoil them. There's some obvious spoilers in this first one. I really enjoyed the Netflix movie Don't Look Up. It's kind of a science movie, kind of like Independence Day, where we're attacked by aliens. But in this movie, it's just an asteroid. There's an asteroid coming for the Earth. There's a scientist trying to warn people and spoiler alert. Okay, you can pause the show. You turn it off. Obviously, it doesn't work out well. The asteroid is successful. So, Martin, what did you think of Don't Look Up? This wonderful satire on Netflix. It was mildly funny. I liked it. I liked watching it. It had terrible reviews. So when I started watching it, I had no expectations whatsoever. But it was like, it was okay. They were not a recovery. It was a matter of trauma that predicted the end of the end is near. And then we had this whole political organization of this asteroid in a way that is comparable to what happened with COVID recently, where getting a vaccine, all of a sudden became a political decision to do or not to do, because if they tell you to do it, then you should be against doing it. But again, I don't know politics because politics is for, politics are for puppets, in my opinion. They also went through over and over again how obsessed their culture was with celebrity and pop culture. On the show where they were announcing this potential end of the world incident, they put them last. They put the celebrity couple that had broken up, that had trouble on Instagram or whatever. They put those people first and they had a much greater result from them. They were much more interested in the pop culture. Even the NASA scientist guy at home sitting and watching it is like, oh, they seem like nice kids. Like he's involved in the soap opera of their lives and just showing the level of distraction of this society. So I agree with Martin. I think it was a strong metaphor to COVID with all the science stuff and the people. What do you mean? I love it. They said, it's also about this kind of anti-intellectualism that we have now. This defense of ignorance, where ignorance is a good thing. They're in the president's office and the guy's like, oh, well, the orbital mechanics and we use this formula and we did all this stuff so we can tell where the asteroid's going, why it's going to hit the earth? And they're like, well, don't use any math. Explain to me how it works and don't use any math. He's like, oh, math. It's all math. And everything he does is math. The asteroid finding it all the directions, everything. And but we have this belief that ignorance is acceptable or that ignorance should be celebrated. You have this glorious ignorance that you've prevented yourself from learning all this information or not taken it in or some kind of thing and now you're just dumb. And I also saw it as a large political metaphor. Of course, I saw it as it's really horrifyingly correct on the United States with the asteroid being the potential re-election or the fake re-election of Trump that could happen in 2025 and that the other thing about that is just the planet killing nature of the asteroid. They're like, oh, the tsunamis will spread out 10,000 feet high in all directions or 100 feet high, whatever it was sorry. But that's the problem with this asteroid. It's like, you're like, oh, it hit the other side of the planet. So I'm fine. It didn't hit my side of the planet. It didn't hit my part of the world. It'll be fine, but it affects everyone else, this horrible asteroid and also just the ability to do nothing about it. The ability to describe the asteroid, to track the asteroid, have all these kind of things about it where you're like, they're setting up the small elections. They're winning all the ones that decide the votes. They're winning all the state legislators. They're setting all the ground. They're setting up the tables at the beer hall. And they're about to go out into the street and burn down the rice dog. And all these metaphors are mixing together as getting tighter and tighter and you're like, you fled to Amsterdam, but it might not be far enough. And pretty soon you are hiding in the attic. I fled to Portugal. I think journey, riding diaries, yeah, that might be far enough. But the other things you got to get over, but even then that damn tsunami, that damn wave just hits everybody everywhere. And so yeah, I thought it was a really powerful movie. Partially funny, it's partially satirical. A lot of people are calling it a documentary similar to any idioticity, where it just does such a horrifying job predicting our society and what's so great is that we can have this kind of work. We can have this kind of high brows satire, you know, certain people probably wouldn't like and all that. But then it will also do nothing. This is this high brows satire will do nothing. Me talking about it here on this show will do nothing. All of these other things like nothing. And I think it's a little like foundation too, which I really need to read. I haven't watched the show, but I've seen the trailers and they talk about the trailer and they're like, yeah, our societies in decline were doomed. There's nothing we can do. There's no optimism like optimism is long since dead. And yeah, so maybe it's not a not a like uplifting movie. It Thomas, I think was it on primal on Netflix. I think I watched it on Netflix, right? It was on Netflix. Okay, then developed it maybe different in other countries. I don't know, but it's 82% of people who watched it liked it. And it got a 7.3 out of 10 on and IMDB. So 55% on Rotten Tomato. So it might not be a reason to get Netflix. But if you're already streaming on Netflix, then this is one to put on your watch list. You can always use alternative sources and VPNs and what have you to get whatever you want. The other that would be illegal, right? I'll be against the big part. I should never do that. The other thing we're recommending this week is South Park post COVID, the return of COVID, the second part of the South Park movies that are on Paramount Plus or whatever streaming service you use. It was a fantastic movie. It finished up the COVID plot. They've been kind of going on both sides of the line there. Like they usually do with their libertarian beliefs. But they did kind of let, they did kind of put the foot on the scale in the last episode. They talk about shelfishness and how that people are not getting the vaccine because they're shelfish. And I just thought that was really on the nose. But what we really want to talk about part two here, because Martin suggested it actually does refer to our topics today, NFTs, and a little bit of Bitcoin humor. But they just do such a great job with butters, who's kind of taken and put in a cell, like a Hannibal Lecter character. And then they turn around and he's Vic Chaos and NFT salesman. And anyone that butters meets, he can charm and convince them to give up all their money for a donkey with a sombrero. Fantastic jokes like that. There's a series where they do the Bitcoin and the NFT people lingo. And they're like, oh, this guy haudled. And then they right clicked. And then they pumped and dumped. And it is just magnificent to see our little Bitcoin jargon, our little goofy words that we use with our friends. Suddenly in the national spotlight, an international spotlight on South Park. Even if they're making fun of us, it's great to be mentioned. It's great to have our culture preserved on their show. So it's just fantastic. I've watched it a couple of times. There's a lot of other plots in there. If you like South Park, you don't like South Park. Again, I just think it's a great satire. I like satires like Mark Twain, things that make fun of our society. They hold a mirror up to our society. And they say, that's kind of weird. And South Park does that in spades in the great new post-COVID return of the COVID. It is a little strange. It's on Paramount Plus, the streaming channel. Usually they were on Comedy Central, which is owned by Paramount, which is owned by Viacom. They branded this one with the MTV branding, which I thought was super funny at the beginning. It's like, MTV is just a brand you put on things now, like Polaroid. So Kodak cameras are Polaroid cameras. It's just a brand that somebody stamps on something like Atari or whatever. And I thought it was super funny. They're like, it's hip and new. It's MTV. It's Paramount Plus. And everyone else I know is just like, oh, it's South Park. We've been watching for 20 years. Of course, we're going to watch whatever they do. Yeah, it's strange because in Europe, we are at least in the Netherlands. We didn't have any Paramount Plus. And in getting Portugal, I haven't seen it. And I'm used to getting it all watching on the Comedy Central. But it just wasn't there. So it had to be naughty, illegal, had to overstat the copyright laws, and just watch it by a pirate bank. So I'm a South Park fan. They can't stop me from watching this. So I really, really enjoyed it. It has like 93% of people watched it, actually loved it. And it has a 7.6 rating out of 10 on IMDB. So that's quite good. Anybody watching the World Crypto Network will love South Park post-COVID, the return of COVID. And yes, butters still has the same voice. And that he's as thick gay or scale C is the NFT salesman that will bring, he'll sell anybody NFT. So if you own NFT or if you watch South Park, definitely see this one because it's a funny. It was really great. And as a person that's made NFTs, I thought it was funny. I saw myself in butters as a person out there. If you're buying NFTs, I hope you can laugh at yourself and giggle at this. If you made money off it, if you didn't make money off it, if you're into Bitcoin and you like to laugh at NFTs, I think there's just a lot of reasons you'll enjoy this new South Park. And it's got COVID thing. And they do kind of both sides of that. So I think people might enjoy that too, even if you're very extremely libertarian or whatever your choice might be. Yeah, unless you're one of the 7% that didn't like watching the South Park both go for the episode, but then sorry, you shouldn't be watching this channel either. Unless you don't have a sense of humor. Although I think I think that put that in my profile. It's like no sense of humor, completely humorless person like has no redeeming qualities. I just go with like an anti-profile. It's funny to see in the post-COVID episode. They're all grown up, by the way. They're no longer the kids. So if we've been watching South Park for what, 20, 25 years, I don't know how long it's been on, but it's been on forever. And the kids are still in the same class. They never grow up except in the post-COVID episode because there's two, there's your South Park post-COVID and then there's the return of COVID, which is the second part of the post-COVID episode. Then they're all grown up. Card man who was like an anti-Semitic, all of a sudden became a rabbi because he fell in love with his Jewish girl. And he's like, you know, all religious now. And oh yeah, he got the picture here. And then there's Kenny McCormack because he'll die again because Kenny always dies. But he's got a big, big beard. And he's his bad scientist now. And there's Dan who's basically, you know, he burned down the terrorist firms because he's dead at no-tegrity. And he... No spoilers, but they... Okay. Stan and Kyle still wear the original colors. You can kind of see like the little puffball hat with the necklace in there. But yeah, check out the South Park. Check out Don't Look Up. Thanks, everybody, for watching. Give us a thumbs up down below. Don't look at your crypto portfolio for a while. You know, you made your investment, your dollar cost averaging. You didn't put in more than you can afford to lose. You got enough money for next month's rent. Don't look at it. Those things aren't true. And you were already in trouble anyway. So now you're just in more trouble. But hopefully it all turned around. Hopefully we'll be able to watch Ask the ball again next week. Get some better troops. Oh, yeah, the bulls have asked again. Can't we like, you know, Ask the bull now? All right. If they stay until the end of the show, they can get the real scoop. Don't be surprised to be higher this time next week. Here we go. Got a big shake, big shake. Says, you may rely on it. So there you go. You may rely on it. The ball has spoken. Be sure to give us a thumbs up and subscribe down below. Until next time, bye.