you The Bitcoin Group, the American original, for over the last ten seconds, the sharpest Satoshi's, the best bitcoins, the hardest cryptocurrency talk. We'd like to welcome our panelists, Josh Shigalla from thestander.io. Hey folks, welcome. Dan Eve, the crypto raptor. The furthest views of America. Martin Wishmer from General Bites. Audi, oh guys. And I'm Thomas Hunt from the world crypto network moving on to issue one, issue one Bitcoin, the Ethereum prices tumble. Cryptocurrencies continue their downward slide. Yes, the price of Bitcoin has fallen 7% in the last 24 hours and was trading at 39,000 as of 3 o'clock Eastern time. Ethereum was down as well, almost 8% in the last 24 hours, now trading around $2895. They say that it's down because investors are worried about the United States raising the interest rates as well as Russia's central bank cracking down on crypto use. Josh Shigalla, the Bitcoin and Ethereum prices are down. Why? I mean, for those that are sort of their religious followers of Stock to Flow, this is where I say, guys, you can't just get some sort of model and then get that gets shield around on every single podcast as like the all-maries of crypto and expect it to be perfect. It's not perfect. It's a market. They're supply and demand. I've never really fully loved Stock to Flow. I never thought, oh, this is the be all an end all. I think it's an interesting prediction of price, but it's definitely not. You can't just predict the price of things because of how many there are. You can't say, oh, because there's less, it's going to be worth more. I could go out there and make a bunch of claim albums, and I think they'll probably be worth nothing only because there's only 10 of them in the world doesn't mean that they're super valuable. I could NFT them. I could NFT them, but obviously Bitcoin has more value than just a bunch of claim albums that I make way more, infinitely more. It's just about the market deciding when that value becomes. I agree, Josh, people became very reliant on Stock to Flow. It becomes a self-fulfilling prophecy, like any TA, general technical analysis becomes a self-fulfilling because everyone's looking at it and everyone believes that the next Fibonacci support level is the one where you got to sell out or buy out. I think there's a lot of reasons. Sometimes it's overboard. Sometimes people are just paranoid. If you think the Fed is going to lift interest rates, I think you're fooling yourself, they might lift it for a week and then they'll realize, we can't, like they literally cannot do anything. They're in and down with spiral. All they can do with Fiat is destroy it and start again just like they did with the Deutsche Mark, just like they do with every single currency. Dan, Eve. I wanted to be a believer in Stock to Flow. I wanted to see the 100K. Maybe it's still possible, but it does seem like this bull run is a bit... It's kind of seen from on the flat turn now, right, until the next harvining. Maybe it's time for plan C. But I don't know, there was... You did actually do plan B did an interest like a survey, actually. So we'll trigger the next bull run and the results were, I'll just go through them. So you can see if you look at 100 trillion USD, if you want to check out the actual Twitter, but what will trigger the next leg up for Bitcoin? So 48.4% people went US spot ETF, 23.7% said next, the next El Salvador event. So another country, you know, with Bitcoin as the standard. Lightning or tap route 8.4% and other 19.7%. And so some interesting ideas are there like the El Salvador bond being oversubscribed, kind of the bringing a lot of confidence. And then obviously for other people saying next harvining. I think it's probably a moment personally, I think it's going to be next harvining. And back said the cold storage supply squeeze. So it seems like a lot is going into kind of a dormant wallet. So that's kind of a good point that they're less... You're choking supply by people taking their Bitcoin out of exchanges. But yeah, it did kind of seem that there was a mini pump after Russia declared their banning Bitcoin. But soon after, you know, everything's tied to dump, you know, the Fed can't print money forever. Well, maybe they can because there's an infinite supply of money at the Fed. But the cool thing is that there were records broken in the last couple of weeks, right? So the last couple of days, the record for the hash rate went to 217 exa-hashes, which is insane. And the difficulty 26.64 trillion, which is also insane. I remember when I started mining, it was like, I don't know, in the millions or something. And I was like, wow, this is so high. This is crazy. Love a blah. I wonder how high it can get. But actually, Bitcoin's only down 47% from all time high. And when you think about it, that's really not that much. Like, you know, it's it's came off some pretty card drops, you know, in the past. What when when didn't it go like from $32 to like $2 once? I mean, we've seen, you know, some huge drops. So I don't think it's it's all that bad at the moment. Even in, you know, 2017, it went down from from like $19,000 to $3,400. So it's not that the drop isn't that bad just yet. And it probably is going to get a whole lot worse. Yay. More positive news from Dan. Martine Wishmare, your thoughts on the Bitcoin market. Yeah, well, we've seen a drop and you see all the new B's penicking and, you know, Josh will probably advise to buy gold because he sells gold. And, but, you know, I'm not too worried. What we're seeing now is Josh pointed out the Fed will try to increase the interest rates. And whenever that happens, you see a flight of capital out of risky assets like the S&P 500, like stocks that are risky, but also Bitcoin because even though we really want Bitcoin to be the hedge against inflation right now, it isn't. It is still a risky asset. So people should realize that and, you know, don't might advise for being not to cash out, just just hang on. And as Dan said, we've seen drops that were far, far worse. So I wouldn't be surprised if the price will go down a little bit more, but it also could also go up. I don't know. I don't really, you know, I mean it for the technology. That's what I always tell people. So, you know, just just hang on there. And, you know, if even if it might take to an extra half thing, we'll eventually see the 100K. And it will probably even see 200K, 300K, but you know, when we don't know, just don't wait for it. Try to do something with your bitcoins in the meantime. I don't know, create a Bitcoin business or, you know, don't go day trading because you'll only get reps. But, you know, do something with your time and just some laser eyes on you. There's not enough people with laser eyes. That's why we didn't. Laser eyes, yes. You know, I tried it, but it really hurts Josh. It really hurts. Lasers. Lasers. Yeah. So I've got to worry about it. You know, we maybe should retire this magic 8-ball that has been employed by the World Crypto Network because that thing has been lying to us for weeks now. So, yeah. Yeah, replace the 8-ball. That's what will solve the problem. Like some people that are sweating right now, like in El Salvador, obviously they pump quite a lot into Bitcoin. But I think, no, but he did announce again the other day that they've bought another, I think, 415 Bitcoin or something. So, you know, hopefully that their dollar cost averaging and it's going to work out. Otherwise, otherwise, the IMF are going to get really uppity about the whole situation and be like, it's, hold you same. Yeah, I see sheets of plastic in his future. Just like Dexter. Oh, bad. Well, we have to say all the normal things that we normally say to you, like your investment thesis is still correct. You still bought the thing that you bought two or three weeks ago. It still is what it is. Maybe it's just going to take months or even years for it to get back to where it was. And that's when you're probably looking at how much you have invested versus how much you haven't savings, how much you haven't income, all these kind of things. If you've over invested in crypto to the point where you can't pay your month to month rent, you're going to have to sell some, you're going to have to sell some at a price that you don't like. If you've only invested your extra money in crypto, this is a time to just, well, not financial advice do what you want to do. But personally, I'm letting it ride. Right. I think it'll come back. I think Bitcoin and Ethereum are still valuable and useful. And there's things you can do with them. And if we wait long enough, it'll come back. This will all be a nightmare. Now, sure, you're all wishing that you were those, you know, amazingly smart people who sold at the top and now are going to buy at the bottom. They're going to sell at the top again. Very few people do that. They're very specialized. They're good at what they do. A lot of them didn't even see it coming at or they saw it coming. They didn't believe it. They didn't take action. They had everything hidden away in cold storage. Whatever it was, there's a lot of people in your position right now. A lot of people have lost a lot of money on paper, right? If you don't sell, you still own the asset. If it works out in two years or five years or 10 years, you'll be okay. But remember, it's only a paper loss. You still have whatever you got in from before. And a lot of people have said they've only lost their profits. Maybe right now they're getting down to that point, the break even point where you're going to start losing actual money. But again, if you hold the asset long enough on a long enough time horizon, like Blake always used to say. And I really think it's funny to hear all these things that Blake used to say and Chris Ellis and Andreas and all the people that we've had on the show and all the guests here. They all say the same thing. But it only matters if Michael's sailor says it. So what we really need is for one of our quotes or whatever to get into his mouth because then you'll believe it because all the things we said years ago are all the same things that he says in tweets now. But the news interviewer said, they're like, my God, you're a millionaire and you work for a billion dollar company. Every word you say is important. But that might not be the case, right? A lot of normal people saw this whole Bitcoin thing coming before Michael sailor. And if you're truly enlightened, you only look at the amount of Bitcoin you've got or whatever it floats your boat. And if that goes up, you price it in that. So if you've got you know, a number of Bitcoin and you get more of that, that's good. If you stop pricing it in US dollars, you'll save yourself a lot of stress. If you can, obviously, if you're not oversubscribed and you can't, you know, you need to pay. We always go through the periods back and forth where I have to go. Everyone was like, a couple weeks ago, everyone was like, oh, I wish I'd bought. I'd wish I'd bought. Now, how everyone says, I wish I'd sold. I think the key to that, you know, you have to have strength and you have to have not over invested and you have to have income and other things and assets. If you can get by that and you can just let it go and you can be the one that's buying that when they're afraid and you can be the one that's selling when everyone's happy. Maybe you can turn this around. But again, don't expect 100%. You're not going to get 100% of everything. You're not going to nail this perfectly up and down. Just do the best you can. And, you know, according to this group here, you'd be better off the more Bitcoin or the more point one Bitcoin or point zero one or whatever you're trying to get to. Maybe, maybe it'll work out in the future. I mean, we've already seen, you know, $100, $1,000, $10,000, $60,000. We haven't seen 100,000 yet. So that would put everyone back in profit. But I think we're just going to have to wait. And as Martín mentioned, I didn't bring the magic eight ball with me. Go ahead. And now the eight ball has to be fired. But I think Josh is right in that respect that, you know, if you're not oversubscribed, so you're not forced to look at this rate every day, just look at the amount of Bitcoin you have and try to stack a little bit. It's really back. No, I didn't bring eight ball exit question higher or lower this time next week. Am I even connected? I don't know. I think we're going to get higher. I think it's oversold. We're going to pump a little bit, but I think we've got lower to go. I think that's right. I think it'll go up for this week. Then we'll head back down and we'll find some support somewhere somewhere along the way. I think the price will only go up as long as enough people press the upflow button for this video because otherwise we'll see lower price next week. That's why you turned off the dislike count because they didn't want the price to go lower. Oh no. No. Oh no. Oh, Josh. How cool. No, no, no, no, no, no, no, recording stops. We're still streaming. We're streaming. Cool. Our host is connected. Maybe we should explain to the viewers at home that Thomas is on location and the internet is a bit flaky. Now Josh is the host. So let's turn this into a complete chilling show. Josh is on the captain now. Look at me. Look at me. I'm the captain. Josh, can you keep an eye if Thomas wants to join your computer? I'll send him an invite link to the thing that I became a captain of. I think I think I think I think it is going to go up a bit right because because always when there's a massive sell off we're going to do a little mini pump. But I think this seems like we might be feathering into like a bit of a bit of a bear. Maybe some cool news will come along. What's it called? I know it's not the be all in end all, but obviously it does have an impact. Tesla going, hey, we've re-evaluated the greenness of Bitcoin mining. So we're going to start accepting it again. Oh, I've been to some other shops. Elon Musk will start promoting the Turkish leader on his Twitter buyout. So the price of the Turkish leader will go up very soon. Yeah, I mean, this is the thing. Once you start understanding crypto well, what I find is that you start looking at national currencies with the same light. And you do see, you start to understand why America goes towards to get the oil, to get oil settled in dollars. Because that's the use case. That's the massive use case for the US dollar. And so there's a lot of theories why they went after Saddam who's saying why they went after. It's also to buy properties on Amazon.com, of course. So it's kind of like in the early days of Bitcoin where everyone was like, hey, wouldn't it be great if they went into a shop and be like, wouldn't it be great if you accepted Bitcoin, except America does it with guns? Yeah, wouldn't it be great if some crazy dictator started accepting making Bitcoin maybe out tender for it. It smells sacrifices, eh? One of the reasons I started to grow was because I wanted Bitcoin to start to be priced in gold rather than US dollars because by pricing everything all the Bitcoin in USD and it's become the norm now it's going to be very, very hard to dislodge that. It's cool for Bitcoin because Bitcoin becomes worth more and more as the US dollar tanks. Hey, Bitcoin to spec on the show. Welcome to tonight's show, Mr. Bitcoin. Where's the captain? Look at me. Let us know. Let us know if we're still live on the chat. We can see the YouTube. The YouTube still going. All right. So I don't know what you guys talking about. We were talking about you basically and that you were shooting Federcorn with the decorations. Yeah. This 2014 will over again. But who's keeping the chat alive solely? Nevitability jumps in, of course, how ironic it was inevitable in hindsight. Yeah. Yeah. That's why we started, we really did want to start to get people to price Bitcoin in gold because why are we tethering ourselves to USD in terms of pricing Bitcoin? People, seriously, even people living in Europe, they'll price Bitcoin in USD for some reason. And that's that's a very interesting. Just just just just just short interruption. Now that our host, Matt, Bitcoin is back. You can stop shooting fault or or now. Okay. I think we should start indexing everything against feathercoin. Well, yeah. In memory of it's never too late. There's also World Coin and so many other great coins. We've been going coin. Yeah. That's a real one. All right. Let's let's try to keep going. Let's move on to issue two issue two crypto.com says hackers stole more than 30 million dollars in Bitcoin and Ethereum, although I guess slightly less now. crypto.com home of the mad Damon advertisement and the deal to rename staple centers as I was just about to say it even says it in the article was hacked. 483 customer of Fouts affected. 15 and 19 million dollars respectively lost. Martine Wishmare yet another hack. But this time by crypto.com does it mean more that they have a commercial will Matt Damon personally be repaying me the lost funds? Yeah. Well, from what I understood is there were limited a number of accounts affected. People started, you know, bouting often read it that their accounts were depleted. From what I understood is that there is also like the two factor authentication was bypassed, which I find strange because, you know, that shouldn't be happening. But then again that also happened a bit Phoenix at the time and many others like for some reason the two factor isn't. So I hope they fix it. I understood they reimbursed everyone's accounts that were affected. I don't know how much money they actually make, but this is like substantial. So I think the staple center will have to go. But overall, yeah, this is quite scary. I mean, I think there's more than 14 million people using crypto.com. And it's just I'm not sure if I have the right number, but huge amount of people are using these cards, they're using it for lending, they're using it for trading and stuff. So yeah, this is scary. It shows the importance of not trusting all your funds into a third party exchange. Make sure that if you need to have funds online either to get some interest payments or stake a bit on the shit coins or, you know, I don't know, do some day trading. Then make sure that it's like not more than say 20% of your stack. So in case you do get hacked, you're not going totally wrecked, but you'll just be 20% down, which is something, you know, most people will be able to deal with. Yeah, so Thomas, I totally forgot what the question was. I was still, you know, my fault, too, or a shale thing, you know, from prime minister. And remember, remember these four words, fortune favors the brave. Yeah, I think it's a very great collar, were they brave? They were brave. I was about to say that too, you know, the hackers probably saw an artist as fortune favors the brave and they thought, hmm, let's do this. Yeah, the thing is crypto.com, even though they've been around for a long time, they're relatively new in terms of their scope of how big they are. And with large growth in crypto companies like exponential growth in the companies, what tends to happen is you get a massive growth in employees and security tends to lack internally, because they're just going after the growth, they're going after the scale. And one of the hardest things in crypto as a company is to make sure that the back end is secure, because I can pretty much tell you that most hacks and crypto hacks happen internally, unless you're totally, totally new at building service structures, you can pretty, you can very well secure a network and make it very, very like all, you know, very, very improbable that an outside hacker can get in. And so most of the time it's an internal thing. And now that they said that they had a fault, they managed to get around the two factor also shows me that there's an inside job happening, that they, someone turned off an instance that is basically looking after that, part of the network or of the application, because applications nowadays are mostly split up into different instances and different servers that talk to each other. So that probably, yeah, when there's probably an inside job. And so be careful when companies are growing exponentially putting Super Bowl ads on and stuff, just be a bit wary. Well, you should always be wary of any centralized exchange that are holding funds anyway. I just feel bad for the marketing team. They had all this marketing, they had the commercial, they have the Staples Center, all this stuff, and then it turns out maybe they shouldn't have spent so much on marketing, maybe they should have bought security and good programmers instead. But then it's a very tough and Dan, leave your thoughts on the crypto. I think it sounds like it could have been a huge amount worse. It's almost like good that this has happened in my opinion, right? They've obviously got a lot of, they're very cash rich, they just spent about 700 or 700 million on the stadium. They can afford Mad Damon. I bet that's the first thing they thought, like when they're like, but they're like, who are we going to blame it on? They're like, what if we... Merd Damon. We hired Matt to not only shield our advert, but do our security. So we've murdered from our mistakes and we won't be doing that again. But it was what, 31 million or something, which is a pin. So I think judging by the scale of the operations, it hit their share price by 6%, which is pretty minuscule. It may have gone down since actually, but when I last checked, it was roughly 6% down. So actually, when a hat comes along that's kind of, it's big, I'm not saying 31 million is not a lot of money, but it's not big compared to what assets they have under management. When their company is growing, they're growing, this is a great time to get a kick up the ass to actually start really thinking about security and making sure that it never happens again. And let's think about the scale of that 30, 30 million, 31 million is nothing compared to some of the de-fice scandals that we've seen over the last year. So whether that was a cause for the drop, I just don't think, if it had been a huge finance hack, then maybe I could see the market selling off that insanely. But crypto.com is still upcoming. Obviously, it's a big name, it's crypto.com. So if people are just getting into Bitcoin and cryptocurrencies, what they're thinking is, oh, crypto.com, that's like the big one. But I think in general, I don't think it calls the sell off, it is worrying about the fact that obviously, it does probably pass a potentially look like an inside job because of, you know, P2FA being kind of bypassed. I've not heard of hackers doing that in other instances. So unless it's something kind of new, but now they're introducing multi-factor, true, multi-factual authentication. So, so I mean, you know, well, that's going to be, you know, I don't know what they're going to do for that, whether there'll be some sort of, you know, they're saying true much, so they didn't have, like, well, this is what can be true. Yeah. Fake multi-factor, I mean, that's just terrible. Well, this time they're going to get one of your fingers. You have to cut off one of your fingers and send it to them. Send it to them. Right in the big, you're about to get one toy with a green now, Paul. I was so, so yeah, obviously, I can get you a tow. I can get you a tow dude. They're going to, they're going to tighten the range. So I do see it as a, as a kind of positive thing. I think the funniest thing about this whole thing is how CBS spelt Ethereum, which was ETHERR IUM. I was like, oh, geez. But they did spelt it right once in the article. So, so, they're just as a quick reminder, I don't know. As soon as I, as soon as I heard about this hack, the first thing I did was I went back to watch that amazing bizanachi. Is it bizanachi on YouTube? Where he does a remix of like CZ Binance. It's like this little YouTube video. It's about a couple of minutes long, and it starts off like this guy's like going, he's like trying to log into his account. And there's like one playing in the background. And, and like suddenly, like, you can't get into his account. And then CZ Binance pops up with like, you know, glaring later, I was going, funs, we were safe. And it's really, it's an absolutely incredible video. It's bizanachi. It's if you, if you search for it, funds are safe. But yeah, absolutely amazing. I watched it about 10 times after, after reading this article. And then I realized, funs are safe. Do you know what has been hacked? Has the crypto.com app been hacked or the exchange been hacked? Is that clear from the article? It was, it said that the accounts from what I understand, the accounts were hacked. So they didn't actually hack the entire exchange or they didn't get into server infrastructure. They literally got into people's accounts somehow. So somehow, somehow the 2FA was dropped. And they got into specific accounts, 450 or 30 of them or something like that. So it wasn't an actual entire entire exchange hack. And then for it, they didn't say what happened to the bitcoin, but the Ethereum was mixed using tornado mixer. Oh, sorry, there was another bit. They sent some of the Ethereum to Binance. Like, so what the hell they did with it in Binance? I'm not sure, but Binance like, like froze the accounts immediately. And in theory, they, it would be funny if these hackers were dumb enough to have KYC accounts. So that would be, that would be really funny. But yeah, good, but brings up a good point here that it could have been the API that wasn't protected by 2FA. That is also a very common mistake. But that's a full rookie mistake. Like, that's just epic rookie mistake there. If that is the case, I doubt it. Let's see. Maybe we'll have to get a full biopsy done. It does sound like a perfect storm if someone's leaked part of your, if they've leaked part of your user name and your password list and then your 2FA function doesn't turn on for some reason, could be any reason. Yeah, it's pretty surprising for them. All right. Well, I still don't know if I'm broadcasting to the internet. But let's keep going. There you are. Let's move on to the exit question. Exit question. It seems like almost every exchange now has been hacked from Cripsy to crypto.com. But no one ever talks about coin base exit question has coin has coin base been hacked? Did they secretly cover it up and bribe the people? Or are we to believe that coin base has never been hacked? Martin Wishmeyer? That's not fair. You know, giving me time to Google. I think there have been hacked. But I think people have been compensated in the past. The only exchange, there's only one exchange. I know that hasn't been hacked. But I'm not going to mention them because that would sound like an endorsement and not being hacked. But on that, there's no endorsement for any future trades. Voltoro has never been hacked. Oh, yeah. Okay. Okay. The whole shilling thing was over in 2015. Yeah. I know what we're doing, folks. I know. You're selling gold for Bitcoin. Bitcoin of gold, gold for cash, cash for gold. Yeah. Just cash for gold. That's it's a big coin on gold back back to golden back to Bitcoin. Just like the South Park episode, cash to coal, cash to cash to gold. What was it? If I, you know, you buy gold from old people, then you melt them to a new gold, then you sell it back to old people, and then you buy it back from old people. You know, I'm back in fourth and carcass and made a lot of money there. Yeah, they got Stam's uncle. I've granddad a treat, didn't they? I don't know. I'm doing. So did everything. No, no, no, no, no. We're just, we're just, we're just messing with, with, with, with, with, yours here but, No, guys, if you want to like go out in, out of crypto, you can get, get into some gold for me, it's not there but you know, the standard will be like stable coins here. And that right? Yeah. So you also might not want to name the exchange that hasn't been hacked because people might see it as a target. Josh, Nicole, what do you think? As coin-based see, could you be in hack? Probably, probably banks are hacked all the time. Like banks banks are just constantly hacked and they never you never hear about it. They just bury it. There's never any news about it. The only this is the amazing thing about a blockchain is that people can actually see it and go, well, what happened and usually there's such catastrophic hacks. They're such catastrophic hacks that in the crypto space that people obviously know about it. In the fiat world, they just go, ah, and they've got insurance and they just deal with it. It's not a big deal. It's about the same thing for bank robberies. Bank robberies apparently happen all the time, but they never report on them in the news so you can feel comfortable with your bank. Dan, Evd, do you think Coinbase was secretly hacked? Well, I did just cheat and very interestingly, so there's an article on PCMag.com and funnily enough, around 6000 customers got hacked this spring, which was last spring, you know, in 2021. And the way they did it was they, they fished people via the email inboxes and then exploited a floor in the two factor. Like, the SMS system. But this was SMS specifically, right? And that's been a problem. I think it's more of a problem I understand in the US because it's easier to kind of get your number transferred over in the UK. Like, there are a lot more hardcore about data protection and stuff like that. But it's quite a big thing, isn't it? The kind of cell phone like number hacking and then being able to just get someone's code like send a code to your new phone number. You can't try and prevent this by changing the email address that's registered at your phone company to do not port this number and then a plus and then your email address at gmail.com. Because if you add a plus before after the text, you put in before your actual email address at gmail.com, it will ignore everything in front of it. So it will still arrive at your gmail account. But if the operator at the phone company is even thinking just a little bit because that's always hard at phone company call centers, then they will realize that they should not port the number over. So that's, but yeah, two factor authentication by mobile phone text messages that is so early 2000s they shouldn't do that anymore. John, what it's a very, very, very serious problem. The SMS thing I advise company wide nobody ever use SMS for two factor. It's not a proper two factor. It's a one and a one point one factor. And it sort of makes you feel good. But what what the hackers do is they bring up the company who usually have thousands of people in a call center somewhere working for them. They just they just follow a script. And usually it's it's about hacking people. So they'll put on like tapes of screaming kids in the background and crying babies and they'll put on like, oh, I've got kids and I need a new SIM card. And the person on the end of the line goes, I'm sorry we cannot do that. They just hang up and call again. And they do all day long until someone goes, oh, that sounds really horrible. Yeah, my kids sick and I can't get my bank and I need the money. And okay, we'll send you the SIM card and they and they do. And eventually after you've been through 50 60 people, one person will do it. And that's how that hack happens. So just never, ever, ever use SMS as a two factor. Josh is very right at that phone companies and utility companies have historically been the worst places to secure any information. So it's a if you leave your security up to some call center operator at phone company. So it's not just a phone company. It's your doomed, maybe not now, but in a few years time. So yes, listen to Josh's advice here. Never, ever, ever use to factor out the indication fire SMS. And your phone number is probably your biggest identifier of general data out of everything apart from general government stuff, right, more than an email address. Now you've got someone's phone number, you can get into so many things are by phone login like now, like telegram and Uber and stuff like that. So it's something that really should be nailed down and secured to the end to degree because it's so much of you, you know, people's identity. Another solution would be to get a dual SIM phone. They're really cheap and you get a second SIM card, which you don't share with anyone anyone. And if they really must use two factor authentication via text message, then you set second secret number, which you don't use for anything else except the password resets, but what usually happens is, though, they dose websites get hacked your number leaks together with your email address. And then they'll have your number anyway, but it will offer you an extra layer of protection. You know, I was suggest never, ever use to factor out authentication via text message, but definitely not on the phone number that's on your business cards. And now just to defend coinbase a little bit here, they do have a message that pops in when you log in with the telephone to a where they inform you that it's unsafe and that you should change it. However, it's an optional change. They don't force you to change it. You can say skip. So these people might have put skipped, you know, a bunch of times past that thing and not upgraded their security and then been caught in one of these tags. Yeah, and the problem is you can see from there side, you don't want to just force them to stop it all together and say you must, you know, implement something else because then they might just turn it off and they not have any form of, you know, two FA. So it's kind of a, it's just stuck between a rock and a hard place. But it's super simple to install a two factor authentication app on your mobile device. It's just so easy. I don't understand the hesitancy of it. I guess it's easy to put your phone, plonk your phone number into something and get an SMS, but it's, you know, it takes one minute more. And once you've got it installed on your phone, it's easy. I don't know that it's all that easy, Josh. I mean, I think a lot of people, first of all, they don't understand how it works. They don't understand the codes or how the codes are generated. They've never read that Tom Clancy book where they talked about, you know, single use codes and they have a big pat, a number pad that's already done. And it's like today's code is this tomorrow's code is that today's code is this not everybody wants to be CIA when they're logging into their finances. Although it can be lots of fun to pretend as you know, especially with the codes timing out every 30 seconds, you know, it's a whole mission impossible to get into your account there. The other problem. And again, I'm, you know, I'm a lazy user. So I'm totally a problem with this as well as that people instead of using Google authenticator, they'll use a thing. And then author, when you use that, you're stuck on the one phone. So if you lose that phone, you're doomed. But if you're using a thing, you're back into this whole username and password. If they get your username and password, now they get your two of a. Yes, and no, usually when you enable Google authenticator, you see a sort of recovery code or you see an extra code, you see a QR code and you see the code. Make note of that code and keep it in your password safe. So that yes, on a second phone, you'll be able to also install the Google authenticator for that account. That's why you know, you can also use two, if you have two phones, you can use both phones to scan the QR code and you'll know notice that both of the two factor authentication codes for that site are always the same. They're in sync. Yes, it's a little bit more difficult and all three, which is like super simple to set up on all the all your phones, but it is possible and you know having the recovery code at a safe place also makes it possible to reinstall your two factor authentication once you have a new phone without going through all these problems. But yeah, they don't make it easy. I totally agree with you Thomas. Last pass also has a very, very good option. Well, and it's nice of you, Martin, to try to tell them the correct way to do it because yes, when you do generate your codes, you can print out the backup copy. Sadly, I think the way I hear about it more often is I got a new phone. I didn't move over my Google authenticator things. What do you mean I was supposed to print out something. So I think a lot more people don't have those printouts. And then if you really want to get into it, it's just like the whole the will thing where if you write everything down in your will and then someone gets your will, they can steal all your stuff. All these two of a codes printed out on paper. Now you have to secure that paper in a safe for a vault or a safe deposit box or the last pass last pass for key pass or any password manager. Otherwise, otherwise you end up writing a song called hotel Polonie X, yeah, where you can't get into your Polonie X account from like five years ago. And they rarely take songs as proof of your two of a they rarely ever do that. So, but yeah, it's a lot, it's a lot for normal users. It's a lot for a normal user to have a password manager. It's a lot for a normal user to even try to comprehend what these authenticator apps are or how they work, especially Martin saying that it synchronizes. How does that work? I don't know must be math, right? Most people can't just as magic. It's like that. So it's very time this goes back to one of those very early. I is a Bitcoin that your computer is not very valuable, right? The stuff you have on your computer, your word documents, your homework, your spreadsheets, no one cares, right? The thing people, they really care about those celebrity naked pictures. And until. Oh, and Josh, you can continue sharing the standard that I owe again. I can't. I'm your show now. No, it's not. You've been terminated. It's really, really interesting what we're building now. I think this is not going to be so there's Josh for the commercial break. Matt Bitcoin says the captain again. We'll be right back after this. It's really can actually writing these contracts out our CDOs really, really excited. And we're looking at we're looking at the right chains to do stuff on. So you're on shipping. Yeah, no, no, no, no, no, segue. Look at L2s both for BTC and which which L2 you're looking for for, for, for wealth or both? Well, we're looking at RST quite closely, but also. Our, our CTOs kind of, I'm in an R in there is, there's another one that he's really keen on. The name slips me right now. Solana. So yeah, so that's that's exciting. And yeah, no, no, no, Ethereum, we're looking still at at zK starts. Yeah, yeah, it's okay. So I was going to say some zK roll ups. Yeah, really, really interesting technology like really interesting math, but not that I understand it. I can't pretend. When I look at the equations that my planning wise, look at the equations on the board. And then get a photo in front of some glass. Matt Damon wrote that when he was a janitor, you had, you hired Matt Damon to be a janitor. And he would like, you would put the, the equations on the board and he would finish them for you. Exactly. Exactly. It's not his lettering. It's a brave man. And Matt bitcoins is back. Maybe up and down, not, not sure anymore. I don't know. It keeps killing the zoom app. I'm not sure what. I just said before you wrote her. Oh, yeah, and it's really possible. No, same before as this Bitcoin is the most valuable file on your computer. And the things that let you access your Bitcoin accounts are the most valuable information on your computer. This is the first time any information that's been trusted to you, a normal home user has any value at all. So this is why you have to learn about password managers. You have to learn about two of a, it seems like extra unnecessary steps. But remember, you're dealing with internet money that's actually stored on your computer or it's stored on coin basis computer or whoever's computer you're using to access your funds. So it's very important that you learn about security. Now before you're coming back to me later saying, oh, I lost my two of a or I never set up my two of a or whatever the case may be. We lost your video. No idea if it's still working, but let's just keep going. Let's do it. Okay, cool. I turned it off. I don't believe it's going to work. But all right. Here we go. Let's move on. Check out WCN clips on WCN clips account. Still less than a hundred subscribers. Your chance to telegram yourself. Oh, well, everyone was showing your Brazilian farts porn. What we think about the metaverse look there's Martín right there. What we think about the metaverse Dorsey retires from Twitter will Bitcoin jump to a hundred K again. I don't know. It does look so good. Moving on to issue three Google cards to store Bitcoin and crypto. Google has formed partnerships with coin base and bit pay enabling new functionality in digital cards that will allow users to hold Bitcoin and spend fiat. This is the first time that Google is joining into Bitcoin and the crypto industry. Let's go to Dan. Eve Dan. Are you excited for Google's digital cards? Is this the future of spending Bitcoin? Well, it's so that it's not like Google are going to be using it. They're not going to accept Bitcoin for like Google Play Store or for the Google phones. But it's a step in the right direction right like you can say you'll be able to it'll be via coin base though right and via via bit pay. Who I think I checked bit pays website the other day to see if they still had like, you know Bitcoin cash is like the number one option on there. But I think Bitcoin was ranked above it. But I think they do have ship on their list. Apparently now she is a is a is a currency use that term loosely that you can use in in bit pay. So what an odd world where you can pay for something via via the Google like wallet using ship via bit pay. But you know it's it's cool right that the end of the day it's more companies opening up to actually using Bitcoin crypto currencies as a form of payment. That's what we all want. Isn't it ultimately is for it to be used widely for people who have it and don't need fear anymore. So it's a lot of people that they can use you know they can liquidate whatever they need to and just use that as a as a payment. So yeah, I mean it didn't it hasn't really moved markets and especially not you know that turning around the time all that we've got the moment. But I see it is good news overall. Wait no, whether you like coin base and bit pay or not. It's still Bitcoin being accepted in more places. So if you're looking for a new risk there any chance you'll get a Google card in the future. Thomas I don't know it's of course it's nice Google is embracing crypto they're not really they're just embracing companies that facilitate this but for the decentralization. It doesn't mean anything because it's all centralized and if even if it sent me a Google card I don't know I don't know if I would use it because I got the finance card coin base card bit pay card the I've got a lot of cards you know they keep sending me all these cards and I end up using one of them I'm not mentioning which one because then tomorrow my sin will be swapped. But you know it's I hope that they would you know do some cash back then if you pay with crypto you get a little bit of cash back because you know I just love cash back if I get it discount I'm totally you know I mean I don't care what it is as long as I get a discount. Yeah Google great that they're joined their bit late to the party to be honest I mean I expected them to do this way before paypal embrace Bitcoin. Bit pay it's funny it's there because I didn't know they were still existing you know last time they were like that was all be cash Bitcoin cash story you know be cash anger so they Bitcoin cash communities all difficult difficult but they were like embracing a Bitcoin cash because it was easier to pay and Bitcoin was getting good. They and Bitcoin was getting to expensive and then they created their own standard and nobody use that standard so that was the end of bit pay and retail at the time coin base well yeah that's the obvious choice they're so big it's easy API so yeah. Yeah I do regarding Google great I'd say yeah go for it hopefully they get enough people to use it because otherwise they'll kill it off as fast as they created it you know knowing Google. And I'm pretty sure that's what happened to most of those credit cards you're talking about the bit pay the revolute coin base all these things I remember they had them back in the day there was even a startup company one of the startup hubs I used to see in San Francisco where they were doing exactly this thing their whole point was like we're going to take coin base we're going to link it to the fashion visa card system and we're going to see how it goes. And they all seem to disappear Josh a goal I do think Google be more successful with their crypto card. You know I mean I wish I'm good luck I think everyone should have Bitcoin as a payment option I think it's you know what we're doing with the standard and other stuff like that there's interesting things in the whole crypto space in terms of stability I think Bitcoin's really interesting but it would be interesting if they did actually innovative like you said. It's not really innovative it would be good if it allows you to borrow against your Bitcoin and then spend that rather than sell your Bitcoin in that moment so there's these sorts of things that you know come on Google innovate a little bit or wait for us to do it that's there. Actually you know one thing about sort of annoys me is the text that they use like it enables people to hold and spend big it doesn't enable people they're already enabled they're already enabled a million different ways to do exactly that. So I would like to see them you know this is this is Google like it's the same thing with WhatsApp versus telegram telegrams permanently coming out with so many new features and so many a lot of them are crappy a lot of them are just fluff sort of you know to keep it fancy little gifts and little animated emoji whatever but they're innovating constantly little record buttons on so now you can record your your chat you it's it's never ending constantly born born it's like they were really good. It's like they release their sprints. Boom boom boom what's app what what's changing they still don't even have an iPad app like it's WhatsApp it's you know so they're user policy change that's one thing that change. It's a policy changes every so often and they update for the software with no actual changes but um but yeah I don't actually know where I was going with that rant but what I'm saying is that yeah to try something new try something new Google you've got a lot of cash behind you got a lot of money actually innovate with it bring back the one the one work day week that we're employees could do something interesting. Thomas Thomas you just mentioned that many of those cards from yesterday years they are no longer there but there's an explanation for that you'll find that the cards issued by say coin base by Nance and crypto come they'll still work back in the days when it was the cards to crypto was a bit of a hack what they did is they used a visa and master cards. And they created a either a loyalty program cards or they created employee cards and they misused it to facilitate money transfer business from crypto to the the fiat and that violates policies at master card and at visa and any other issue I don't know if there are any but you know that violates policy so once people got those issuers got up to say. 100,000 cards and people actually started using them they immediately canceled all the 100,000 cards and then this small company which never had a customer support call before all of a sudden got bombarded by phone calls with angry people like my money this is a scam scam you know I'll crypto currency community generally in response so they will be overloaded so people would stick their grief onto social media. And tell them it's a scam they're not picking up my phone so so so that will be the end of it even if they would be able to continue later the reputation was already broken and we all know how it works reputation is like fine China once it's broken it's really hard to repair so that's the reason most of those early crypto cards cards to crypto payment thingies they didn't work because they were ugly heck but the ones you get nowadays yeah they'll be able to do it. They'll still work. And I think this goes well into the exit question everyone wants a Bitcoin bank where you could put your Bitcoin in it would hold your Bitcoin you could convert it to visa or whatever it's spend your Bitcoin maybe even do that lending thing that Josh is about you know save some of your Bitcoin borrow against it spend that money in the now who will do it will it be Google visa Amazon Coinbase with all been waiting for who's going to do it Martín Wijnair will it be or what's going to Josh go first you ready good. It's going to be decentralized it's it's happening on decentralized protocols it doesn't need centralized authorities that's why we're building smart contracts decentralized you don't need and you don't want to trust the whole point of Bitcoin was to decentralized much possible. And so we don't want to trust Bitcoin especially when you're borrowing from yourself why go to why go to a pawn shop to put your stuff there and and request money and then they hold it why trust that shop just have the lending from yourself you've got the private key you can go in there but you know you can also get liquid if you have hardcore downturns like today. Dan Eve. Yeah I think decentralization is the way to go people people in the whole point of Bitcoin is is to not have trusted that by you so if we could decentralize it you know that's the that's the better approach and you know we've taproot there's still early very early days in terms of being able to take advantage of smart contracts on that with Ethereum you know there are there's a lot of infrastructure to let you borrow against assets now like dying make it down all you know loads of different ones so I think I think we're probably see a lot of the experimentation come from from that side whether there'll be an Ethereum links kind of loan loan your own you know loan. Sables off of your off of your Ethereum and then spend it on a visa card you know that that's it seems like a bit of a tricky thing to implement but I'd like to see it I'd like to see on any coin. And like Dan or like Josh was saying visa is centralized Bitcoin is decentralized so it's going to be very difficult to connect the two together and to still have the benefits that you get from decentralization or the benefits you get from using the centralized visa network. Martín Wismer your thoughts who will create the perfect Bitcoin bank. I agree with Josh and then that I think that the future will be decentralized but as you point out because the cards issuers are centralized it will be the card issuers that will have to provide a decentralized solution so yeah that will be a centralized component. And if we're talking about she said I did coin bank I think for now crypto come is already very close to that they're not a bank they're not insured but you can store fee out there you can get a loan on your crypto you can get a card with a fee at balance you can convert your crypto there your crypto you that you don't use you can get some interest on. So so many of those services are already there but as Josh said yeah why trust is the shady man who just lost 30 something million dollars with your hardware and cash we need a decentralized solution even though that doesn't necessarily mean that the money is safer just look at all those defi hacks but then in the long run if it works for a long time without any problems there and it's been all that there's a good chance that it will stay you know and the work. I don't know who will do it but I think it will first see say Kraken coin base crypto come those will be the first parties to really offer like a bank bank for crypto but then again if you just want to hold crypto just get yourself a hardware wallet like a treasure and be done with it don't trust you're not a party. Alright moving on to issue four issue four Solana NFT project rug polls investors for $1.3 million despite civic verification the big daddy ape club turned out to be not such a big daddy ape club scammers pulled off one of the largest NFT rug polls in history with the Solana blockchain the robbers made off with 9000 Solana worth about 1.3 million dollars at the time as the eclectors were expecting to mint big daddy ape clubs NFTs except there were no NFTs the pre-creators of the big daddy ape clubs were able to just have scorned despite they were being verified by decentralized identity verification company civic who famously sold a token and I haven't heard from them since. Let's go to Dan Eve your thoughts on the NFT scam and the fact that the creators were verified by civic so you could trust it. It's obviously it's totally savage that the people didn't even get the NFTs right so they took the Solana they probably made all the effort doing the designs and doing the generation thing and and then just didn't even give them the NFTs so that is pretty savage on the upside Solana is down about 40% so so you know it's not 1.3 million anymore whether that's not really a positive but yeah the civic so it's not a big daddy ape club. It's interesting they're still doing stuff because obviously raised they did a lot of shilling back in the day in 2017 they've they're one of the first ICO queuing systems and Villeen and was all was all over it and I remember that and and then 2018 the last I heard of them there was like a vending machine at consensus New York and I went over to it and you could like K.Y.C. yourself and then buy a drink which seemed a bit odd but so it's good to see that they're still designing stuff. It was there was an alcoholic drink you could buy an alcoholic drink. Oh that's extra extra special but the problem is is that these these that you know you have a even if you verify someone you can't verify that they're not going to scam you right so in some mixed defense you can say like you can say that the actual you know the people were doxed etc but you can't stop them from them going on and scamming people and it's just pretty savage that yeah they didn't get the they didn't get them the the NFTs. I read also again that the funds some of the funds like the hack the previous hack we talked about was were transferred to Binance so that's a pretty pretty weird thing and the other things that the civic the I think they had a ignite pass some one of their other other bits of kind of verification software that also had the had issues with that and another come like another NFT sell called mortuary ink NFTs so whilst you can dox yourself by the sites and you know I think if anyone's into trying to like buy NFTs from one of these kind of generation things you just got to be really careful because even if the people are docs they can still run away with your money. That's the sad thing about it and there's such a lot of open sea earlier there's almost all of them I mean there's like four ape type clones in there right there's like the board APO club there's this daddy ape thing there's the mutant apes there's bunnies yeah they're obviously you know they're all the rage right now but just be careful when you're when you're buying into apes when you're be careful when you're aping into apes. Wish mayor your thoughts on the NFT pack now I got no sound at all now it's really quiet it's really quiet you have to be closer to the microphone. Right up in the microphone. Get all up in this grill it's this feather coin icon thing in the background at this corner. It's really super power the volume thing is totally the lost question what do I think. You know the NFT thing I don't know I didn't read the article I just looked at the image and Thomas you just show the article and look like this ape had a big headache so yeah I can understand. People have frustrated by it but I honestly can't comment on this article I don't have Solana I know the community is working on getting support in the in the ATM's for it and NFTs are all the rage but I only follow curial cards and for the rest I'm really into NFTs. Yeah. I just got go ahead Josh I don't know if I can talk at all anymore go ahead. It's kind of going up a little bit yeah it's all right. Yeah I just want to reiterate what Dan said it's really a savage that they didn't just generate the NFTs like what they could at least be like oh these are the ones but then would it be a rug pool because they would just run off. They're just buying the NFTs of someone like if you're going to do all that work why not just generate the NFTs what what the hell's wrong with people. It's just it's really unfortunate but yeah. Well I don't know if anyone can hear me anymore so I'm just going to talk louder now but I don't know how you say it's loud now. No no no. It's good it's good it's good it's good. Sorry. Anyway the reason we brought this up was partially to mentioned Civic because they're an old time ICO coin and a lot of people lost a lot of money on Civic but also to go back to my startup days with BTC jam. We used to try to give loans in Bitcoin and it was a risky and a crazy idea and what we learned instead is not so much about loans or Bitcoin. We learned that there are many many more scammers out there on the internet than you think and if you put up something like a BTC jam where you can get it loan in Bitcoin and just take the money off the site and walk away with it. People are going to create the most inventive scams like right now we're talking about these guys were verified maybe they held up their ID and they looked at the camera. Well if you have an office full of secretaries you can say okay secretaries if you want to keep working here everyone's going to hold up their ID and take a picture with the camera and suddenly you have 20 different secretary accounts you can use to take out loans create NFTs whatever your scam is so it's so difficult to verify people's identity on the internet and I know we don't want to go to this but with the problems that they're having on Twitter and Facebook with misinformation coming from false accounts. And again I'm old internet is old internet could be I remember an on-immody and having a handle and an a list and all these things but maybe we need to have a second level here where you can only enter the internet if you use your real name and we need to start going to real name identity and verification. So are you crazy stop the. A film is. Yeah this is the other man you got to look at it from like we tried we tried the animal we tried the anonymity thing and it led to this point where anyone can create propaganda now so maybe we don't need so much propaganda maybe we need more authenticity and we need to look at our system and say is total anonymity creating any authenticity at all. And no I think Matt bitcoins is losing his marbles here because you know just the idea you know the whole idea is that nobody knows you're a dog on the internet so you know and I like it like that. Unfortunately you're right if it if it concerns financial transactions people it does attract a lot of scammers and this is this is a struggle we we have with the ATM stew that we by law need to be our clients need to be able to verify their clients the ATM users whether they're real and you see them being so invented with photo copied IDs for the French ID cards. You can get the funds online on dark markets so you can copy paste you can create your own ID card French ID card but then we implemented like this third party service that I will not name because it would mean an endorsement and I'm not here to give endorsements but what they do is they take your ID and with the camera they require you to move with a bit like this. They will be able to detect with AI whether it's a photo copy ID or a self printed ID and whether the hologram is there so that's the first check then they do a face check also with AI and they compare it to the ID that you just scanned thing is I have a beard I always fail this ID check so if you want to be anonymous in the future grow a beard. And when that fails then only then you are related to a live operator that will actually verify you as a person but many of the fraud checks are already done via AI and does reducing costs of onboarding new clients but I we started screaming that you you you you lost it when you said that only authenticated people. So you see it to that that's what they have in China and I think this is just wrong you know we need anonymity we it is vital part of our lives to have some sort of privacy and if if you have to be authenticated before you go on to the internet you will behave differently and it's not always a good thing so yeah. Yeah actually you may really tackle this problem well back in the early days because they saw every scam under this under the sun as well and really what it comes down to is that that when they invented the rating system it cut the scams a lot of course scams keep going but what happened was when people had to build up a reputation otherwise they had to sell more more a lot cheaper. Once once they had a really good reputation they could sell more expensive because people trust them and and you know build that reputation up and that's where I think we need to go in the internet we need to build avatars and build reputations around those avatars yeah sure you could save all this a long tail game there where you you know you build up reputation build up reputation and then then scam ever on and start again but. But it's definitely a much better way to go than building your this flesh and blood up because if this flesh and blood this verification gets stolen which does all the time people's ideas get stolen all the time you can't take it back you can't reset this if you build an avatar you can actually reset that or cancel it everywhere and if someone tries to use it comes up canceled but if you this flesh and blood this this face once you have that it's it's. You know it's gone it's out there. So you're saying an avatar like an NFT. That could be. I'm still not totally convinced here and I don't know what the right solution is because it's probably not an ID card and it's probably not a bio rhythm although I think more and more that's the way that we're heading where what Josh say is true these unique things about you will be used to create your identity which will then like martin said be able to judge. Your behavior online we have many people with fake identities that are misbehaving and the question is if they were using their real identity that that mattered to them would they behave this way would they attack these servers. I mean I don't know what the future is going to be but I'm not so certain that this early idea a lot of the early computer geek ideas have failed us. They've left us this open system of Facebook false information attackers and Twitter propagandists and all these other things where we just. Have lost all control and yet that was the plan right that was the the whole it was fun and our key cyberpunk lost all can over there we've built it and there is no control and we're having bad results from it so I just don't know about if you build a system that has bad results while keeping that to not maybe redesign that system from the ground up and it is more complicated than just a discussion here about the idea. Ground up you think about it even if you're against it think about the idea. Yeah I mean I don't mind from the ground up it's the top down that worries me. I think it's a important people will be able to be anonymous on the internet otherwise they will not share their sexy time pictures and long longer. Yeah you can do. I've got the problem is like you know I think you know if there are certain things that people should be able to discuss but they get attacked for saying something that kind of you know about opposed is what the common. No he goes he is the captain again. You've been you've been censored. Tom's been censored. We'll be right back after this message is Josh she'll the standard IO again. So I just want to let people know that we invented Vultoria after the mountain. Yeah. You know that's actually what happened after Mt. Gocks got hacked we decided this is it this is enough I'm going to build the most transparent exchange in the world and then we launched Vultoria.com in 2015. And we're back the hostess back. Three to one you're back in the room. He's frozen is he frozen. I think it's a hologram. I think it's not yeah I think he's being ID'd. Yes he failed by a matter of. You've been frozen in time. Yeah. Your ID doesn't hold up mate. Your father going coin is no good here. Oh the port Thomas. I'm sorry for him you know no fast internet. He's used to like mega internet faster internet than anyone can imagine. And he's had to and the Airbnb didn't supply. I would definitely file a complaint ask for money back. It's set in the advertisement fast broadband internet available. Heather what about tethering 5G tether the 5G do you have 5G over there Tom? That's your mobile phone even work where you are now. Doesn't even say oh he hasn't even got one G. Look at me. I am the captain. This is one of the best memes ever on the internet. It is yeah. The cycle is through the cycles with the different hats like the different captains is. Love it. The name of me doing that to central banks like we are the central bank now. Nice. That's the only meme of me I've ever seen. And he's back. Is it Thomas or is it this hologram? My internet's working for 30 seconds. Yes. And other 30 seconds of internet. So. You can't tell without a proof of an empty. So you're going to need that new system that I'm talking about. But I people talk about this. I have no idea. Yeah, we talked about it. Yeah, we can't tell if anyone's here. Josh, do you want to do predictions or story of the week? Let's head towards the end. Yeah, I'm story of the week is everyone's back at work and we're working like crazy. And yeah, I'm thinking of going to a knock a poodle. Jeff asked me to talk there. So it's. Yeah, I think that that sounds fun. That sounds fun. Dan Eve prediction or story of the week. Go ahead. Well, I predict that next week, Tom will have better internet connection. Number one, I think that's fair to say. And and the story of the week. I don't really have a story of the week. I've been chilling England. It is gray and miserable right now. So so so yeah, not much. Just not much is going on in Danny town. Unfortunately. Martin wish mayor prediction or story of the week. No real prediction story of the week is very busy. You know, preparing for Bitcoin 2022. And as I said, last week's broadcast will be giving away some tickets. But we'll also be giving away some industry passes, which are like that big tickets. So I do follow us on social media or the links are on general whites.com. And who knows maybe you win it would. So how do you win? We haven't decided yet, but we'll make some sort of like followers on social media type of point collection thing and then have the platform randomly select the winners. I think we've got like seven or eight tickets to give away plus industry passes. So it's about 10k in prices. So you know, I say go for it. Yeah, we're so we haven't got the details yet. We're preparing. It's going to be big event. I'm a big yellow. I also wanted to go to another Rachnobuco because that sounds like it's going to be lots of fun. But we'll definitely be there next year. Nice. I just wanted to add on the NFT hack story. There was another NFT theft story. It's going to talk about a little bit Aussie Osborne, the famous rocker had put out some links. And these were supposed to be links to the discord where you could get Aussies new, I don't know, crazy bats or something. Batch it bats. And the problem was these links to the discord were the wrong link. And they left them up on their Twitter account and they're just like, Oh, don't worry about it. It's a link to a bad link, right? Well, these hackers came along created their own discord, set it up to the link that Aussie and the rest of the team has sent out. And suddenly all these old links are sending you to the hacker project. So a bunch of people lost their money that way too. So even if you're going to get the signature or whatever, it's not good if you don't get it from the right source. So you really got to watch out for yourself on these NFT things. Story of the week. Go 49ers. I'm about to turn it on. They're going to play the green Bay Packers. I don't know if we have much a chance, but we're going to give it a shot. And hopefully the TV works. You never know about these Airbnb's. Also shout out to Bill Gates and his great new book. It's just really readable. How to avoid a climate disaster. I think this is kind of important reading for everyone that lives on Spaceship Earth. We do have too much carbon in the atmosphere. And Bill Gates has some great ways for us to get rid of it. It's not. You got to read the book. You haven't been on page one of the book. So we're just going to let's go mute. And there we go. Because again, if you read the book, it's actually a science. It is, man. I'm sorry. It's not about science. Science. Like try reading the book. Call me back. We've read the first chapter of the book, Gates book. And then tell me how bad it is because it actually seems to me as if it's the first comprehensive book on global warming that I've ever seen. Where it's human readable. I'm reading it and he's talking about the green premium that we have to pay. If we want to upgrade fuel, we'd have to pay, you know, 100% more. If we want to upgrade our electrical system, we'd have to pay 300% more. If we want to upgrade how we make cement, we're in real trouble. So again, these things are going to happen. And you think everything is a conspiracy theory. But try book Gates's book. He's only written one other book. I read that one too. The road ahead. And that was in the 90s. And he talked about how someday I'd have a home server that would do all my internet stuff because he didn't see the internet. But he was right about the home servers. I do have one. And I'm happy. Just just small question. Is it the greenest decision not to buy the book and get the ebook instead because you know he's talking about all this carbon emissions. But imagine how much trees had to die for printing that book. I mean, really. Private jets. Yes, book signings, shit everywhere in every mall in the States. No, no, no, no, no, no, I'm not buying this book story. Thomas, I'll skip it. You can still download it from wherever you download your ebooks. And you can pay for it or not pay for it. But I do think that we have too much carbon in the atmosphere. 51 billion tons, according to what I've been reading. And he breaks it all down. He breaks down the percentages. It's interesting to learn that transportation. We focus so much on electric cars and batteries and all this stuff. Really only 25% of the total problem. We still have problems with how we create steel, how we create concrete, how we create energy to run our homes and our businesses. And that it's a combination of these solutions. That's why it's so difficult to tie down this problem. And as we can see with the weather and the environment and everything around us, which has become incredibly objective lately, every year for the rest of time will be the hottest year on earth. So good luck with ignoring that one. And a good, a nice summer. Yeah, as a French city-owned Indian as a good, I think used to say on the, on the FKN news used to say, the planet's fucked. It's all your fault and has nothing you can do about it. Have a nice weekend. No, no, it's the Bitcoin miners boiling the ocean. He mentioned that too. No, I didn't get to that at all, but that's a whole nother issue. And we have to figure out where we fit in with all of that. Correct. Yeah, I do think that it's a major issue and it's not going away. And the more information you have about it, the better off you and the world will be. He doesn't do, he doesn't read you. Yeah, but I just want to have a nice warm summer. You know, and I don't want to live in a wooden shack. I want to live in a concrete house. And if they build it strong, no, no way we eat meat and beef and chicken. No, but it's interesting. And he, he mentioned in the book that Thomas Edison was very fascinated by concrete, concrete houses, concrete furniture. He even tried to build a concrete record player. Concrete stuff. And of course, concrete has all kinds of problems because it has carbon in it. And carbon in the concrete makes it strong. We have to burn a bunch of stuff to make the concrete. It's incredibly complicated. You should check out the books. It's a cool, really nice information on science in there. Get rid of all the carbon based life forms. Yes, yeah. Yeah, actually what he says. He says, look at that. Still looking. That's what Bill would like. The only way we can be sure is to look it through the mask. Anyway, just give it a try. Vades through the vaccines. That's the thing. It's everywhere. Everyone has AIDS. It's AIDS. It's AIDS. It's AIDS. It's AIDS. I'm billion people have the vaccine. So I'll wait to drop dead any time soon. Okay. We were told it hasn't happened yet. We went from carbon emissions to vaccines. Here what? 13 seconds. We can't talk about it. We don't want the show to be canceled. No, no, no, because we've got warnings. Thomas will be demonetized or the show will be removed. No, advertisement will show. No, there are no advertisements on this show. This one's for Voltoro. We had an General Bite. Yes, we'll be right back after this break. Oh, I think we're going to head towards the end of the show anyway. Thanks everybody for joining us. Sorry about all the terrible internet. They said they had internet in this Airbnb. They obviously have it in the house for the normal people, but not for the stupid Airbnb. And I tried my phone too. It was even worse. Like, the internet on my phone. So, oh well, you do the best you can. Thanks everybody for joining us. If you want to come back to the show, please subscribe and let us know what your thoughts in the comments. We come back and read them. They're not that many. So, you can push more comments in there. I'll read them. But thanks so much. Until next time. Bye.