The Bitcoin Group, the American original, for over the last 10 seconds, the sharpest Satoshi's, the best bitcoins, the hardest cryptocurrency talk. We'd like to welcome our panelists, Josh Shigalla from thestandard.io. Digit, digit, digit. Robert Allen from Bitcoin and Friends. Howdy, howdy. Dan Eve, the crypto raptor. Dan Eve reporting live with code. Martin Wishmayer from General Bites. Hello, hotlurs. And I'm Thomas Hunt from the world crypto network. Moving on to issue one issue one, Goldman Sachs says Bitcoin is more vulnerable to fed rate hikes than ever before as the market's price increases five times this year. Mainstream Bitcoin adoption, who knew we were already there, means that Bitcoin is more vulnerable to Federal Reserve policy than ever, says Goldman Sachs. The price of Bitcoin has fallen sharply along with tech stocks as fears that the Fed could hike interest rates at every meeting this year, a total of seven times. Josh Shigalla, what do you think about Wall Street, Goldman Sachs, Bitcoin and the Federal Reserve? It seems like the typical story of the Fed. There's nothing new to say about the Fed and their reaction to Bitcoin. This is globally not only to the Fed but regulators in certain countries. How they're sort of secretly trying to stop Bitcoin businesses by doing certain things to keep them out of the space. I think everyone's running scared of it. They're really starting to see that Bitcoin is here to stay. And if it's not Bitcoin, it's crypto as a whole. It's not going away. What's happening in the space is so vast and they are finally waking up and I see these stories of like, oh, so and so is finally understanding. Oh, wow, crypto is not going away. Did they just get it? These are like heads of major banks and heads of different reserve banks around the world. I was like, if they only now figuring out that Bitcoin is something to be thought of as a threat, then I really don't think they're the smartest cookie in the jar and they just need to be eaten up. Robert Allen, your thoughts on Bitcoin and the Fed? I mean, I don't know how many times people will fall for this nonsense. Do we really believe the Federal Reserve is going to hike interest rates? Give me a break. Give me a break. I think the only thing they can do is like head fake and head fake and head fake and hope that people will respond when they do that, but they can't raise rates. If they raise rates, the bond market will collapse and the entire economy will tank. And I mean, you know, it's like a drug addict who's way past ever becoming sober again like claiming like, I'm going to go cold turkey. I'm, you know, no more heroin for me. It's like, no, they need smack forever. And that's how it is. They can't lift interest rates. They just can't. There's no way for them to do that. They can threaten it, but there's just too much pressure to continue lower interest rates. There was an article in the economist, I think, where they were talking about the everything bubble and how the Fed has been inflating this for years and years and years with trillions and trillions of dollars. And the article was talking about the Fed actually popping it and how it would be a disaster for, you know, stock market investors, investor for companies, disaster for governments, all these things. And I agree. I don't know if they can pop it, but again, the article is sounding like they're serious like they're, you know, fight club type maniacs in the Fed and they're like, let's blow it all up and see what happens. We'll survive, of course, like cockroaches. Dan, Eve, your thoughts on Bitcoin and the Fed? You know what will be the Fed? I'm fed up. Fed up a very little. No, no, it's quite interesting though that they're trying to say that the movements of the Fed specifically are going to shift Bitcoin so much. You know, Bitcoin, the thing about Bitcoin is that it's a worldwide currency. You know, it's used by many countries. So although, you know, there's probably, you know, shifts that happen with movements from certain countries, it's counterbalanced by other positive movements in other countries. So I think that there is a lot of positive infrastructure that's being built, not just it, you know, obviously, the Alps Salvador doing the whole Bitcoin as legal tender, but, you know, more apps, more services that are being, that are using Bitcoin, you know, last week or a couple of weeks ago, we're talking about Google adding it to their, to their, you know, Google wallet or whatever it was. It's happening all the time. So whilst you've got this, you know, this negative news from, you know, the Fed potentially hiking rates and whatever, it's met by, encountered by the positive news of building bigger. I was going to use Biden's bill, but the three B's or whatever it was, but building Bitcoin better. I don't know if that's it. But if you're a professional economist and you're only just having your Bitcoin epiphany, now, like maybe think about different professionally, because it's a long time in. Bitcoin did have the letter B first. Martin Wismer, your thoughts. I think that is right. If you only discover Bitcoin now, fear the future because it's sort of the dare. Yeah. Yeah, well, as Bitcoiners, we always say Bitcoin is a hedge against inflation, but I don't think it's that yet it is. It is. And it might be in the future. But for now, it's behaving like a tech stock. So, you know, it stocks down, Bitcoin down, but the fundamentals of Bitcoin remain unchanged. So it's pretty much unstoppable. So I don't fear the Fed too much. They can try and raise interest rates. They've been talking about that. That they might do that. It's a European central bank. So, but they're already said they're addicted to their free money. So they'll just keep printing and you know, just get some Bitcoin. There's only 21 million of them in total. There's an infinite amount of cash at the Federal Reserve. Before we move on to the exit questions, a great time for everybody to push the thumbs up button. If you push the thumbs up button on YouTube, it helps YouTube recommend this show to other people. So the more people and again, it's percentage-based. So like 90%, 80%, we need more thumbs up. So let's move on to the exit question. The price of Bitcoin this time next week. Josh Shagalla, higher or lower? I'm going for the higher this week. Robert Allen. muted. Sorry. Yeah, I'd say higher, probably. Dan Eve, this stunning optimism is overtaking me here. I am. Martin Wishmare, will you make it a sweep? Is it all higher? No, it's higher. It's number go up technology. Remember that's... Oh, if only the Magic 8 ball was here, I'm sure he would say something else. Moving on to issue two. Issue two. President Joe Biden is going after Bitcoin, other cryptocurrencies, and NFTs. Yes, the United States government is waking up to the fun, fun, fun of regulating cryptocurrencies. And they've chosen a time where the stock market, the crypto sector and all are going through a tumultuous time, losing large amounts of value, the SEC, the CFTC, the IRS, and FINRA are all excited to investigate Bitcoin, NFTs, and cryptocurrencies. Robert Allen is this the point where the US government finally overreaches and chases all of the smart crypto people out of the country, a disaster for the future, but in the short term, really fun for all the regulators. I think that no, I think what we've actually seen during the Biden presidency is that a lot of the red states are going to be pushing back pretty hard on anything the federal government tries to do. And so I think if they overreach, you'll just have states that will be rebelling. I mean, you already have Arizona and Texas talking about making Bitcoin legal tender. So now I don't think it'll happen. Interesting, a laboratory of democracy perhaps from the states. Dan Eave. Well, I think it's interesting that Biden's gone after the national security threat rather than, I thought at the approach that he would take, but because of the red, the other Democrats that seem to be taking the environmental thing to high, like Elizabeth Warren stuff. So it's interesting he's gone after the national security side. But with regards to NFTs, it would be quite funny if he starts trying to lay down the law and then suddenly Hunter Biden releases his R as NFTs and he's like, God damn it Hunter, you stupid son of a bitch. Why are you going to do that? But I can imagine that happening actually. You know, why not? If you've got R, you know, NFTs are the next stage, right? But ultimately, you know, if you can, if other states like Arizona can make it legal tender, that sounds pretty awesome. And there's, you know, there's only a certain amount that they can do federally, right? So like if states individually want to start accepting Bitcoin, it's going to be a lot harder to stamp it out when they start uniting, like the United States. It would be interesting if George H. W. Bush released NFTs of his paintings. Then it would be like a rack war, Afghanistan war, but he makes NFTs. He also likes baseball. Martin Wishmeier, your thoughts on President Biden and the United States, fun time regulating cryptos. I don't think it's a good dare to be honest because I think it will, it will be like a surveillance state. This is the compete act right, Thomas? This is the, I just know that big brother loves you. Okay, but I think it's, this was called the compete act. And some of the wording was like prohibitions or conditions on certain transmittal of funds. And it would allow the Secretary of Treasury to ban transactions from crypto exchanges or foreign crypto exchanges, ban certain foreign or international crypto miners and ban cononco-stodial wallets. So it's it's a very vague wording, which is done on purpose to give far-reaching powers to the government. And this is not so what we want. It's what they want, but it's just unfair and it's wrong. And it would allow Fincent to freeze or limit transactions at will. And this is just it's just wrong. They just use the to comment on dense remarks like that he says, it's funny that they use the terrorist excuses instead of the environmental excuse because well, you know, we can disagree on on, on environment, but you can't disagree on terrorism. So you have to fold yes on this bill. So I think this is one of the reasons they're pushing it. But yeah, I think they realize the threat now and it's something they need to deal with. But I think this way is not the right way. No. The phone call was coming from within the house. Let me also just say that New York State with the BitLicense tried to squash Bitcoin and all they did was just drive companies out of New York State. I used to live there and one of the reasons I left actually was the BitLicense. So yeah, I don't really worry about it if they do. I'll probably leave the US at that point and I'm sure a lot of BitCoiners will follow. So you know, the game theory's going to play out and we're going to win. They can come to Portugal. Yeah, we're El Salvador, or Mexico, or there's a lot of places that I would consider. So yeah, Portugal's pretty nice. I've been there. Portugal does sound nice. Josh, Shagalla, your thoughts on perhaps government overreach? Yeah, this is what governments do. They overreach. They've got crazy long arms. They like go to gadget arms. But yeah, the whole regulatory capture deal is usually what happens is that there's this great technology. It's new. It skirted around all of the regulations. The regulators didn't know what the heck it is. And the banks absolutely hated it. They couldn't play with this thing because they'd regulated themselves into it. They'd moated themselves into this game. And then they're looking over this wall going, what's all this fun? Everyone's having out there. Then of course, they have very, very deep connections in the state. A lot of the regulations that you see are basically banks forcing players out of the market. So they will let certain players like Coinbase because they're so well-funded. And a lesser of a extent probably even Binance. Binance is even though they're well-funded, they're not very well-liked because they're coming from the Asian side of things and the US like to keep stuff at home. But I think Coinbase has probably got it stitched up. And this is where the regulatory capture comes in is now Coinbase. If I wouldn't be surprised if in the background there for it because they can control that space now. And once there's enough regulation around, it means that less competition can rise up because there's very little overhead in competing with something like selling Bitcoin to people, apart from having to deal with bank accounts. But there's nothing really to stop startups from jumping in, getting some funding and doing that same game. So Coinbase's game would now be get into the state, get in bed with other banks and regulate the heck out of this to basically lock out everyone else and sit pretty for a while longer. So that's how I see it. And I think it's a troche. It's not capitalism. It's typical crony capitalism and it's a horrible thing because the other thing is all the left go, oh look how crappy capitalism is. It's like yeah, it's not. That's how crappy capitalism looks. But basically forcing monopolies or duopies onto the world through ridiculous regulation. Yeah. It pays to be first and you all know they won the coin toss. Moving on to the exit question, let's follow up on something that Robert was talking about in the last question. Even if they are crazy, even if it will pop the everything bubble, will the federal reserve raise interest rates? Yes or no? Robert Allen. I don't think they will. Dan Eve. I think they will but not till like towards the end of the year. It's not going to be like a knee jerk. I think. Martin Wishmeier. I think Dan is right. It will take some time. They will not immediately raise the interest rates. Not just the Fed but the same thing at the European Central Bank. They will wait, wait, wait until they see you know what they're option. Josh Jagala. There's absolutely no way they can. If they lifted interest rate, they would absolutely destroy the US economy. It's what they should do because by lifting them, they'll absolutely destroy it for a little while but what's going to really destroy it is not doing that. But it kicks the can down the road and they'd rather kick the can down the road because then the next president can get the blame because people are so daft. They think that everything that happened in the last 10 minutes is to blame for everything that happened in the last 10 years. I'm going to disagree with the panel here. If all you have in your toolbox is a hammer, everything looks like a nail. The Fed will raise interest rates disaster or no and we'll just get to watch it happen. Yay. Check out WCN clips on YouTube. Just Google WCN clips. Get all the clips from this show like Ross, Ulbrek's, NFT collections, what we think about the metaverse and more at WCN clips. There's lots of clips at WCN clips. Moving on to issue three. Bitcoin isn't a right-wing plot. It's inclusive by design despite what critics say. Josh Jagala is Bitcoin a right-wing plot. Many right-wingers prefer it but still it's also used by liberals. Is Bitcoin just for one group or is it for everybody? Well, first of all, left and right-wing is a total ridiculous. It's freedom or tyranny to me. Everything else is just a distraction and the whole left right-wing is a fast that makes people think that they've got choice. Of course, if you take it on its typical way that you, sorry, because I've actually got COVID right now, I've been suffering for the last week and my head's not screwed on state. That's straight. But what I was going to say is that the whole thing is kind of, if you look at it like the right is more about individual freedom and the left is more about collective freedom, whatever that means, then maybe it's more on the right thing because it's the individual that holds the private keys and it's the single unit that owns the private keys. In that way, I guess. But it's really an important step towards true freedom against tyranny. And that's the only dichotomy that stands. It's not left and right and there's this ridiculous notion that they try to divide and conquer everyone with. In some political systems, the left and right is not just a line, but a circle where the extreme left and the extreme right are actually close to each other. In a lot of ways, I think that's where Bitcoin is, a strange place where it can be loved by the extreme left and also loved by the extreme right, which drives everybody crazy. Robert Allen, your thoughts on Bitcoin and the left right paradigm. Oh boy, I don't know how much I should say here. I don't understand socialists who are in the Bitcoin are really done. I think there's a disconnect in their brains. But yeah, I mean, look, the quote, right wing has been besmirched in history by trying to lump the Nazi socialist party, right? The Nazis were socialist. That's actually what the party name was. National socialist, something or other. Yeah, I mean, the right wing is more or less based on Christian morality. Christian morality respects the individual and individual rights that's baked into the entire the Bible and the philosophy of essentially of Western, you know, free thinking men. So yeah, Bitcoin is of that design and of that ilk. And then I think on the other end of people who think naively that you can collectivize and achieve anything but murder and mayhem. And I think those people are fools. So Bitcoin is for freedom. And the right wing is more or less for freedom, I would say as well. Dan Eve. Yeah, I kind of always sounds sounds like some left wing dogs. Parking. I was thought Bitcoin was like was apolitical, right? And you know, I know quite a lot of people in from different from different ends of the of the political spectrum in our own our own BTC, you know, Benark was his BTC socialist, you know, he's a socialist at heart that sort of believes in Bitcoin. So he's a paradox. But I think that there's there's positives and negatives from from both sides, right? Even though, you know, the individual that holds the private keys, it's the idea of Bitcoin is that it's it's it's owned by the world, right? And that's kind of a socialist thing, isn't it? That like, you know, that anyone can take part, anyone can own a part, bit blah, blah, blah. So obviously there's a bit more responsibility that comes with it, which is only your private keys. But yeah, I don't know, the article is quite funny because it starts off with like if Tom Brady and Matt Damon aren't proof enough, consider Bitcoin's vocal conservative facts like, Oh, what? Matt Damon at Tom Brady, it must be a bright wing tall. Of course, and then obviously it goes on to say like Tucker Carlson and Ted Cruz, Newt Dick Gingrich, and then obviously the extreme may have to be like, I hate it. Good. Well, I just think it's really silly that we have to kind of boil stuff down to just being left and right all the time like that you can't that the media tells you that you can't have an opinion about liking someone if they are left thinking or right thinking, you know, you have to just disagree with them if they're one or the other. And I think that's the dumbest thing that's happening on earth right now is saying you can't take an idea on it by its principles and evaluate it like that. You have to evaluate the human behind it and what they're saying. I'm sorry, what their political beliefs are in order to judge whether that statement that they're saying is correct, which is ludicrous and it's a shit world. Historically, many Christian ideas such as the good of society and sharing have been called socialist. But then again, Hitler was a Christian. So often nothing makes any sense. Martin Wishmeier, your thoughts on the left right Bitcoin divide. I think I'll have to disagree with all of you here. I don't think Bitcoin is left or right. Bitcoin is a protocol just like the worldwide web runs on HTTP. The internet of the web gave everybody a voice and basically removed some of the power in some many many countries around the world from those who were in charge of information. I lived in countries that even had a minister of information like, you know, everything had to go via the minister of information. For example, Syria and places like that. And the internet took away power from those state monopolies. The only thing that was missing was a payment layer because you know, we were still stuck with credit cards in the banking, via banking system. So now Bitcoin is removing the power or removing the monopoly to like to create money and to be like in the only from from those governments. So it will make them a little bit less powerful. So yeah, I don't think it's left or right. It's just a protocol. It's by the people. It's for the people. And it will give us people a little bit more power in the future. And in this case, financial power and will erode power on governments worldwide. So, you know, yes, it's definitely a threat to any government. But the other terrorist threat or anything is just a threat to their monopoly on printing money. So yeah, not left, not right, but definitely a threat for both parties. I think Martinez nailed it here. Bitcoin is a threat for entrenched power, entrenched power of any kind on the left or the right. I think that's why the vast majority of early Bitcoiners would consider themselves anarchicapolis or volunteerists because it really they didn't care about politics. They really didn't want politicians or governments involved. They were just this is a thing and just leave me the hell alone. And I want to trade with who I want to trade. Oh, there's someone in Iran making music in their mum's basement. Don't stop me from buying a track from them, please. And so you can send them some Bitcoin. And yeah, here is your MP3. So the notion that it's it's political is is funny because people are kind of politically minded because there's a lot of philosophy, philosophy you have to there's a there's a steep learning curve to anarch capitalism to understand how what does that even mean? But and I guess people would call that an extreme right wing philosophy, but at the same time, it's inherently a no wing philosophy because it literally means no state, no government and and rather doing voluntary interactions and trying to figure out complex social problems without the use of violence. And so yeah, it's it's it's a fascinating topic. Exit question is part of Bitcoin becoming mainstream overcoming the left right divide. So that left wingers, right wingers, libertarians, everyone can be into Bitcoin because everyone's into money, right? Robert Allen. It's a good question. I guess yeah, I mean the the world is probably not going to overnight become staunchly conservative everywhere. So they'll probably be people who are just conflicted and confused, but they'll still use Bitcoin. So yeah. Dan Eve. I think it is one of the hurdles, yeah. And as we're seeing now with with the main fud, which is usually the environmental fud, which stems a bit more from from the Democrat side with you know, the green sort of deal and stuff like that. It's going to be politicized a lot more that Bitcoin is bad because of you know, Dan Wales being boiled. Martin Wishmeyer. I totally forgot the question Thomas. Is Bitcoin becoming politically mainstream as it overcomes the left right divide? We are like so mainstream, but I think we're still a girl. Always more welcome. Everyone's welcome. Josh Zagala, your thought? Yeah, Bitcoin, you know, when we first started seeing the original conferences happening and there was a few people there, it was all hardcore libertarians and caps. And over time, people started coming along like, oh, regulators started showing up a lot and like, oh, I can't wait to listen to this regulator. And you're like, why do you want to listen to the regulator? Who gives a fuck what he says? And then it's like, oh, now this banker's joining us. Oh, this banker, you know, and then after a while, and now you go to these conferences, I would never even know where that I'm going to a crypto conference anymore. It's just full of full of status chills. So, and I just think, and it's the same thing with with with the wider community. It's it's everyone. Everyone's interested because if it's not the philosophy of freedom that gets you, it might be the technology and the maths that gets you the cryptography. If it's not that, it might be the moonshots and the and the greed that gets you. If it's not that, it might be actually sending value across the ocean without someone taking a massive cut. And if it's not that, then it might be for some other reason. So eventually it just gets everyone. It's interesting, even in a libertarian community like Bitcoin, the appeal to authority never gets old. Sure, if someone like nobody like mad bitcoins tells you to buy Bitcoin, who cares? But if the winkelvi twins or Michael sailor or Brock Pierce or someone on the TV like Kramer tells you to buy it, well, then that you should listen to. And to go back to what Dan was saying, it's going to be interesting in the environmental side when Bitcoin needs allies on the right to fight the left. Then it will be interesting on the other side when Bitcoin needs allies on the left to fight the right. Truly the enemy of our enemy is our friend or the enemy of our enemy is our enemy. We just have to wait longer to figure that one out. Moving on to issue one, two, three, four issue four SEC dashes spot Bitcoin ETF hopes with fidelity rejection regulators reject a proposal to list a fidelity Bitcoin trust. The filing says that the bid doesn't meet the standards to protect investors. Yes, even fidelity, the giant bank and investment company can't get a Bitcoin spot ETF and ETF where you could actually buy Bitcoin at the price for the Bitcoin rather than buying a future or some kind of a fund. Dan Eve, why can't we get this ETF? Everybody else says we should have it. We have futures ETFs. We are mainstream as Tom Brady and Matt Damon, but we can't have an ETF. Yeah, it is strange. You've got the futures that have been okay. And the reason they said, well, obviously, I haven't read into it in depth, but the generalization is that it didn't meet the standards to prevent fraud and manipulation. Well, you know, thought that the controls and checks and balances around the actual ETF itself would prevent fraud, but you know, Bitcoin is a tool is to protocol and you can't prevent fraud everywhere. You can only prevent fraud that's happening in your operations around how you're buying and selling that Bitcoin. And reference to the the manipulation, at what stage, even now, the market cap of Bitcoin is three quarters of a trillion dollars. So to save it, it could be easily manipulated nowadays. It's surely that's hogwash. How can you easily manipulate three quarters of a trillion dollar market cap on hundreds and hundreds of exchanges around the world? That's got to be some really coordinated effort. Maybe a lot of a lot of a lot of tether a lot of tether. But no, but you know, the bigger it grows, the harder it becomes to manipulate prices, especially at those levels. Interestingly, like the we were saying about the put their politicization of Bitcoin in that previous article, well, this one says, has to piss currently the only Republican commissioner at the SEC said at the event that she thinks the regulator should have greenlit a spot, what Bitcoin ETF a long time ago. So they're quite the only person defending Bitcoin there actually is a Republican at the SEC, which is quite interesting. So maybe that article probably has a bit of a more substance to it, the more the more conservatives that get into the SEC, the more likely we are to see a Bitcoin spot ETF. Yes. It's an interesting casino where you can only play the hundred dollar slot machines, but you can't play craps or roulette. Martijn Wishmer, your thoughts on the Bitcoin ETF? You know, with so many rejected ETFs, you'd think there's a hidden agenda at the SEC, but you know, of course, we don't know the truth about that. So you know, this is all for protecting the consumers. And I think we talked about these ETFs before. And as I said, it's really not for me. It's not something I would invest in, but from my understanding is that many people in the US, who can manage more or less like five out of four or one K managed their own pension, they can invest in two dose ETFs. So it would be good for Bitcoin in a way that the ETFs get approved, because it would allow people to put some of their pension savings into Bitcoin. But really it's not for me and it all circus every time they're denied even fidelity. I mean, they're huge, but no, it's rejected on some fake grounds. So I think there is something else going on at the SEC, sorry. Josh Shagalla, they can invest their pensions in gold and diamonds and leverage and all these things, but not a Bitcoin ETF. No, it's like the way that they stop retail investors trying to get into Bitcoin as well is that they, you know, that you're allowed to invest in horse races or you're allowed to like gamble on all these ridiculous, well, you just things that are totally gamed that you have very little chance of winning. Yet you're not allowed to buy some Bitcoin using an ETF. I get the feeling that the SC is finally running scared and you saw that when Coinbase tried to dare to offer 4% APY on interest. Now, as soon as they do, what's going to happen? Well, anyone with half a brain is going to pull all of the money out of their retail bank and bring it over to Coinbase and stake it somewhere and earn 4% rather than 0.5 whatever it is because why wouldn't you? That's just ridiculous. The SEC was like, wow, you can't do that. How are you possibly doing that? That's obviously a scam. Where's that money going from? Well, it's not a scam. It's basically they're using market making and they're just way more efficient. They're just giving you financial reward for efficiency. And I think the SEC is seeing the threat of crypto and they've had some big, nice strong words with the banks that have allowed them to money laundering for so long, up to $400 billion. Well, it happens all the time. Banks literally lawn money and get fined for it and don't lose their licenses all of the time. Yet these regulators, they stand up there with their high horse and say that they're protecting the little guy or they're protecting small business and it's nonsense. They're protecting big business and they're protecting big interests and this is what it's all about and this is why Bitcoin ETF like that is not going to get a stronghold. Now, a futures market, that can be fun because you can use that nicely to manipulate the price downward especially and there is a lot of evidence that this has been done in the silver markets for many, many years and so this is the same thing now. I like that it's a nice way to control the good, the thing with Bitcoin, it's a lot harder to control that even with a futures market. Well, as a person with a savings account, I can tell you 4% would be fantastic. This also reminds me of that time in the early Facebook days when everyone who used Facebook knew it was awesome and it would be a really big stock but the only people who were allowed to invest were major investors like Ashton Kudstner and others like that. Robert Allen, your thoughts on the Bitcoin ETF. US government is a criminal cabal so why would they why would they want to empower a system that will remove them from power forever? Don't sugar code it. Don't sugar code it there. All right, exit question pretty simple. We've said it before, will there ever be a Bitcoin spot ETF, a real ETF where you can invest in your retirement account with Bitcoin on the stock market? Will it ever happen? Dan Eve, oh, Dogtime. Yes, it will. Martin Wishmeyer. It will but not anytime soon. Josh Sugala. It will but not in the States. Robert Allen. Long time from now maybe like maybe after the US government collapses and yeah, it's a totally different world maybe then. I don't see how they can stop it. I thought they would have had it by now. I don't see what the big difference is between this and futures. They should grant the ETF. They should let us invest in Bitcoin. One rule for the big money, another rule for the small money. It doesn't seem fair at all. Moving on to issue five, drop Bitcoin as legal tender. The IMF urges El Salvador. The big hand of the IMS is finally here and they've waited till the price of Bitcoin is down and the president of El Salvador is ironically wearing a McDonald's uniform on Twitter as their time to strike. They've urged El Salvador to stop using Bitcoin as legal tender because of blah, blah, blah, blah and blah, blah, blah. Martin Wishmeyer, will the IMF be successful? Will they stop El Salvador this breakaway republic from using Bitcoin? Yeah, well, the IMF is all about central money, centralized money and Bitcoin is decentralized and they didn't like El Salvador doing that and they gave some fake reasons. No, they're just protecting their own interests. They don't care about El Salvador to be honest. I just want to say for a minute how obvious this story would be and that I could have sent to myself in an envelope and sealed it and kept it in a jar on Funkan Wagnall's porch. This is really obvious that they were going to do this. They've been telegraphing this the whole time. Not that I'm quite a big fan of the El Salvador situation, but I do see an obvious connection between breaking free from the IMF, having a bad run in the Bitcoin prices and the obvious rejoinder by the IMF. Come back or you'll be destroyed. Josh Tagala is the IMF right? Will they be destroyed? Hey, I tell you who's going to be destroyed, but it's not that. Look, this is kind of like blockbuster telling, urging Netflix. Stop streaming films Netflix. Can you stick to delivering DVDs? Can you stick to delivering DVDs in the post? We urge you to stop streaming movies. That's all I can say about it. It's the most ludicrous stupid thing. The IMF needs to shut the hell up, shut the hell down and just go away. You've done nothing. I remember bono with his yellow glasses going around, drop the debt man, drop the debt in the 80s and the 90s. Where are we now? Where are we now? If people aren't absolutely livid at your pathetic excuse for an existence, that you're still here while millions and millions of people have died, children starving. And then you've got your goal to sit there and tell a country that has taken the first steps to do something actual change, to actually deliver change to its people. Just go away. Historically, it's been very hard for a communist country to exist in a capitalist world. I would say vice versa. It would be very hard for a capitalist country to exist in a communist world. Now we have a Bitcoin country trying to exist in a dollar or a fiat world. Robert Allen, will it survive? Will the experiment of El Salvador survive? Of course it will survive. They have the best money on earth. They're just going to become richer and richer every year and encourage savings, investment. And they've kicked out the parasites that actually want to enslave their people and try to essentially plan their economy like all these other IMF disasters all over the world. Slave them, build crap they don't need and then make them pay for it for decades and decades and decades. The best take on the IMF I've read recently comes from the Fiat standard by Safedin. Highly recommend reading this book. Yeah, these people are career criminals. They exist to just what does he call them? He calls the IMF I don't know if you should all look it up here. He's got a great term for these people. But they're basically just, oh, it's the misery industry. That's what he calls it. The misery industry. So they basically bring misery to the rest of the planet. They pay themselves for it. They always fail because they try to essentially plan and then they go back and they try to tinker and they never admit failure. They never admit that their policies don't work. But this is all because of Fiat because the entire thing is backed up by the Federal Reserve. So Bitcoin is the antidote and El Salvador is going to be just fine. Another good one would be Confessions of an economic hitman, the way that they lay one country against the other country just like cities trying to get a baseball stadium. The competition's all messed up. Amazing book. Amazing book. Dan, Eve, your thoughts on El Salvador and the IMF. Well, I think it's no doubt that now that that Bitcoin's down, what like 45% or something from high from all time high, that Bucharest and El Salvador are under a bit of pressure. It's heating up that Bitcoin could go lower. And obviously Bitcoin is quite volatile. But Bucharest seems to be buying the dip like he's just smashing that plus button on the dominoes to Peter out. Just like bang, bang, dip, dip, dip, dip, with his McDonald's outfit, which is cool. I like the way he can make a joke of it. But they seem to be getting a lot of interest in the block stream supported, you know, billion dollar Bitcoin bond. So although they've got their chances of getting this 1.3 billion dollars or something for the IMF as a loan, those hopes are being dashed a little. But the success of the Bitcoin bond will be pretty interesting. But the IMF said that predict that under current policies, the public debt for El Salvador were rise to 96% of GDP by 2026, 96% by 2026, putting the country on an unsustainable path. Well, ladies and gentlemen, according to a statistic in 2020, the US is a debt to GDP to debt ratio is 133%, which is very high. Japan, they're not doing too bad, 237%. So obviously, and it wasn't the Biden had been saying that the debt isn't that bad, it's printing more money, and that's no sort of issue with that. So surely, you know, it just seems like it's one rule for one, and one rule for another. And so they're picking on El Salvador, because they don't like this Bitcoin experiment. They're laughing at it from from behind closed doors and trying to, you know, dump on it as much as possible. And I think the biggest thing is that they're scared that it's going to work out. And the Bitcoin's going to do well long term, which it obviously will do. And El Salvador's going to become rich. And the Bitcoin's steady is going to be big. And they're going to just give you like even more of a laughing stock for the rest of the world trying to tweak their little policies that still don't work. And back for funding. Well, you can't make an omelet unless you break a few legs. Martin Wismer, your thoughts on El Salvador. They'll do just fine. Okay, if the president survives a major dip because yes, prices can go lower. But in the long run, yeah, prices will go up. And this will benefit El Salvador. I don't know how it will trickle through. You do it down to the people in the street. But it will definitely, I think, you know, if it's not, if it's a would've been a country with their own currency, then it would've been a different story. They would just, you know, have their own money printers and they would switch them on. But they don't. So they already don't have their own national currency. So the only option for them is to select another national currency or another currency, in this case, Bitcoin, that can't be manipulated. So at least they will be able to save because otherwise, well, you know, they'll get all the inflation. But none of the what stimulus checks. So yeah, prices will go up. So I think them at a good decision. And they will do in the long run. But I think Pugeli will get a lot of heat when the price goes down even more. So I hope for him that he will survive. And at least until the next bull run and he'll be the laughing third party, you know, he will be the one left, you know, they'll do okay. Exit question, forced prediction. How will El Salvador end? IMF crackdown Pugeli exits with briefcase or total Bitcoin victory, a model, an example to other countries. Josh Shagalla. You know, it's hard with with with dictatorships because they can be quite benevolent. And I hope that this one is and that he actually does doesn't just run away with private keys or slowly cypheres and bops to his family or something. But I think it could end quite well for El Salvador if they keep on the right track and they keep stacking sats or stacking BTC because it's a country. So yeah, my prediction it'll do well. It'll do very, very well. And hopefully other countries around the special I'd like to see Argentina jump on next. Everyone said the service at sheep marketplace was impeccable right until the last weekend when they exit scammed. Robert Alan predict the future of El Salvador. I think Pugeli is going to become king and big quenching a flock. We're going to build an empire. It's going to be beautiful. So yeah, Pugeli for king. The return of the king, Dan Eave, your prediction. I think that if we're out of this this bull market and we're on the sort of slow drug to to the next harvining, then things can get a bit spicy. But ultimately, you know, there's that four year holding that four year holding method that seems to be proving pretty strong. So as long as you can hold out for that amount of time, then yeah, then and as a dictatorship, you can probably stay in forever, right? So it'll be longer than the four years required and therefore things will go back up positively. Yeah. Always ask the customer if they want to supersize their order. This is called upselling. Martin Wishmare, would you like fries with that? Oh, yeah, super size. I think Dennis writes, if he survives, then crypto winter all will be goods. And very exciting and dramatic moment for the leader of El Salvador, moving on to issue six Facebook's cryptocurrency venture to wind down and sell its assets. Yes, it was called DM before that. It was called something else. But soon it will be called nothing. Facebook is not going to make their own cryptocurrency, working with regulators has been too difficult. And it looks like according to Brock Pierce and his, I want to call that a van Dyke. Facebook is selling their cryptocurrency. It's not going to happen. It's over Johnny. Robert Allen, your thoughts on Facebook and whatever their cryptocurrency used to be called. I don't know how long Bitcoiners have to be right. It's painful to be right so long and so often and so significantly. But yeah, I mean, we knew this was never going to work. This is like the decentralization theater, just like buzzword, blockchain, blah, blah, corporate bullshit where they try to grab onto some words that sound innovative and pretend like they're innovating. But this is what happens when you have a totally anemic, essentially planned economy, even these big corporations are essentially like zombie, propped up corporations of the government gives them their power more or less because of all the rules and regulations and nonsense. So it's not surprising to me that they would just totally fumble on something like this. All right, I looked it up. It was originally supposed to be called Libra because it was going to set you free. Dan Eave, there's no Libra, there's no DM, there's no Facebook's, Zuckercoin, none of it. If they had the opportunity, if it did go ahead without the regulation side to have an instant platform where you know, you know, think think you think about how big some of the biggest companies have recently have popped up is for this viral advertising on Facebook. So Facebook wanted to viral, but you know, become a bank, they could do that very virally and it could have been very, very successful. As much as Bitcoin is, but it would have absolutely hated it. But they've got the platform, they've got the audience, they've got they are the ad network, right? And you are the product. So it would have been very easy to to sell you that that little dream of of moon, Facebook moon, or whether it's Libra moon. But it was just never going to happen that, you know, they're already being on, you know, the radar for for being too big at the moment as a company with the services they do offer and they need to clamp down on anything from censorship to terrorism to all sorts. So it was just never going to happen. So whilst, you know, Zuckerberg had his little dream of Zuckerberg's, maybe he should have just maybe they should have done it without even trying to go for like regulators, they should have they should have literally just done it as a like a shit coin launch. Like that would have would have been kind of at least like semi under the radar, not make a big thing about it or whatever, even they're probably, you know, shit coin is wood. But that might have been a better approach. And then, you know, then when it becomes, well, the time the regulators get to it, it's too big to to big to shut down and they've got to just kind of work with it rather than shutting it down. That sounds like exactly what the young young Zuckerberg would have done. He would have stolen it from the Winklevi launched it as a hot or not currency and rep the world win. Like they say hackers have to move fast and break things. I think that's the Facebook motto. But in this time, they moved slowly and didn't break anything. I also want to second what Robert said a little while ago about Bitcoiners being tired of being right. They really trotted out everybody for this one. They had all the major papers, all the major players, all the connected people. They were talking to all the countries. Meanwhile, it's just us out here on our little YouTube's and our little Twitter's saying, it's going to fail and it's stupid and you should just spend your time adopting Bitcoin, adopting the Lightning Network. Yes, people want to tip each other on Facebook. It's a cool idea. There's already Facebook birthdays, Facebook fundraisers, all of these things could be crypto-ized, but they didn't need to make their own coin to do it. But this happens all the time. Everybody looks at Bitcoin and says, hey, I could make my own coin. Martine Wishmeyer, you're our facial hair correspondent. What do you think of Brock Pierce's Van Dyke? How's it working out on the child actor? Would you suggest this look for Zuckerberg? It does look better. I think he should get trimmed hair on the side instead of the long hair, but I'm not here for fashion advice, to be honest. I think he looks like a pirate. Yes, yes, well, he is in a way. It's funny. It's 2022. Facebook is shelving his Bitcoin plans. Before I joined General Bites, it was a year before in 2015. I was approached by a head hunter that wanted me for the Facebook blockchain team in London at the time. It means that in 2015, they were already working on it. For seven years, they've been burning money like Matt and talking to regulators and just really, a high burn rate is spending that money. Then the result is nothing. What did they sell it for today? To this Californian bank, what? 200 million or something? It's like peanuts compared to what they paid to set it up. In a way, it's me going to go to Google, because it's Facebook, and nobody really likes Facebook. It shows that if you have a lot of money and you're a large company, you just can't march and push your way into a market. It's the public. In this case, there's also the governments that just rejected it. No, we don't want your like coin or suck coin or whatever. We just don't. I think it's good. The market has spoken. It's exit for Facebook's Meta coin or whatever. Perfect. I really liked this. It was good to smile on my face for a really good. This isn't the last we've heard of a massive internal project not being released. We've heard of banks having their own crypto projects, PayPal having its own crypto projects, even as far to have the marketing design, the logos designed, everything designed in-house. Hundreds of millions, I don't know, lots of money spent, and then they just scuttle the whole thing. It's just like, yeah, that was fun, but we don't think it'll work. Remember what Steve Jobs says? It's better to be a pirate than to join the Navy. Josh Shagalli, your thoughts on Facebook, cryptocurrency. You're muted. I would never use Zuckbox for sure. It would be highly offensive to my being, but I would do everything in my heart to fight for their right to try it out. I think what's really unfortunate is that they didn't try it because it failed. They didn't try it because they couldn't even get going because of these ridiculous regulators around the world and the state forcing it down because they knew it was a dangerous move. The government knew that pegging, having a digital currency with a vast network effect that Facebook had and then backing it with multiple currencies from around the world to soften the blows of one currency being destroyed was a very powerful idea. The fact that they are not even allowed to try it is to me quite apparent. But yeah, I feel, of course, if they did release it, I would never use it. It's a centralized nightmare coin and it could have been gone south for human freedom as well. So there's that. So I'm kind of in two sides about this subject. The other thing is that when to Martin's point, when companies, this is why greed is important because when companies use vast amounts of resources, they don't just burn cash. They pay it to all of this talented people. They pay it to everyone that's building and making stuff and then trying things and all of these people get to live and pay their families and eat and save and this is how wealth gets distributed by trying things out and sometimes those things fail. So yeah, but you know, I don't think it's the end of it actually. I don't think, look, the genies out of the bottle, we do we have cryptocurrency now. And so Facebook is eventually going to have its own cryptocurrency. I said it in a video that I've got on YouTube in 2011, I think, like that Facebook will eventually have its own cryptocurrency and in it will. There's no ifs or buts around it. Yeah, they might not right now in this way, but it's just makes sense. And the other thing I really liked about Libra actually, the idea that I liked is when he when they announced Libra, Zuckerberg started talking really interesting stuff. He started to talk about encrypting everything for the first time and in keeping having ultimate privacy for everyone within the Facebook, all the chat apps and everything like that. And I was thinking, why? Why would you want that? Because then you don't have the advertising revenue anymore because you can't read everyone's secrets. And it started to make sense. Well, if you can print your own money and you control the economy, then that's a whole new revenue stream and a whole different revenue stream. Maybe he's trying to port over to a new revenue stream. Maybe he sees the the evils of his way of using the the new digital gold of data and rather going for the digital gold of crypto. But yeah. A few sats on every Facebook message, a few sats on every like instead of advertising. I don't know. Kind of like that. But again, people don't like to pay for things. The other thing to worry about there is I forgot something about Facebook. Moving on to the last issue we're running out of time, Bitcoin has become so mainstream that LeBron James, the king of basketball and fashion has made a quote unquote crypto promise. The LeBron James Family Foundation has engaged in a multi-year partnership with yes, once again, crypto.com, Matt Damon and Tom Brady and others to create schools in Akron, Ohio and do other good things with Bitcoin and cryptocurrency. Martine Wishmare, what are your thoughts on Bitcoin? I know you've been with Bitcoin for a long time. We were very small once, but we are very big now. What do you think? Well, I think we'll only grow bigger as Bitcoin. So I don't see this as I don't see any moon or anything. It will just keep on accumulating a sucking cash out of any other assets we have. It's just the way it's it works. Yeah. I think it's it's good. It's good that crypto.com signed up another famous famous people person. So they're having like, you know, Matt Damon and now LeBron and it's I wonder who will be next. Who do you think will be next? I have no idea. It's harder to get bigger than LeBron. Historically, Michael Jordan, Joe Montana, I don't know. Josh Shagalli, you've been with Bitcoin a long time. There were points of time in Bitcoin where you tell people, hey, I'm into Bitcoin and they're like, oh, you must be a drug dealer on the Silk Road. Now it seems a lot more like you're wearing a silk suit with LeBron, James, Tom Brady and Matt Damon. What do you think about this amazing change in just a few years? Yeah. Well, I mean, all I'm waiting for now is the little Lebowski Urban achievers to get in there. And yeah, the achievers. Yeah. And I never want to be happy. But yeah, it's only a matter of time, right? All of the big names jump in. All the achievers and proud we are of all of them. Robert Allen, is there anyone bigger than LeBron that you could think of that we're getting into crypto? We're so mainstream that we're mainstream on mainstream on mainstream. Tarantino is doing NFTs. South Park is brutally making fun of NFTs. There's almost, Saturday Live did a bid on NFTs. crypto is made fun of casually on late night shows throughout the land. Where else could we go from here? With celebrities. It's a good question. I don't really follow too many celebrities all that much these days to be honest. So just not in my mind. I guess I'll just say that I'm a little sad. I don't know. I didn't think about what it would look like when Bitcoin went mainstream. But the reality is you get a lot of these hangers on and these people who come in last minute and try to make a show of it and pretend that they were, well, I don't know. Maybe these guys are still early though. Let's be honest, right? I mean, in the grand scheme of things, perhaps for their IQ and or experience in life, they are ahead of the curve. So I shouldn't be so judgmental. Yeah, everyone's welcome. I'm glad. Of course, I don't like the crypto stuff. I like Bitcoin. I don't like NFTs generally speaking. Although I do think maybe on liquid for a video game, I could potentially see some utility. I see something there, but I don't like the art NFTs. I think that's totally silly. So I don't know. It's just we're going to have to get used to a lot of clown world nonsense in and around Bitcoin as it grows. It has been interesting. Bitcoin was our little thing and we had our little group of people that were into it. And now, you know, it grows up and it grows up and it grows up and it's all grown up and you got Paris Hilton talking to Jimmy Fallon about their board a Pioch club characters and a few days later, Gwyneth Paltrow is in it and she's animated her character. So it looks just like her, which is not really the point. Dan Eve, is there anyone bigger than LeBron? We're through the roof here. Tarantino, great one of the greatest filmmakers of all time, illegally making NFTs, going to get destroyed by Miramax who owns the screenplay, but still doesn't care what's the money anyway. Where else can we go from here? What do you think about Bitcoin being so mainstream? Well, I said a while back that I'd really just because of his voice, right? I'd love to hear Morgan Freeman giving a bit of an explainer about Bitcoin. He does really cool explaining things, right? He does cool documentaries. So I'm Morgan Freeman and this is a documentary about Bitcoin. You know, that's going to ring to it. He's going to get a lot of people involved, right? And any played God in that ace pace for true point, Jim Carrey thing, what's it? Bruce Almighty. Bruce Almighty, exactly. So imagine if he dressed like God and talked about Bitcoin, that would get loads of people in. So maybe crypto.com should poke him next for, but I think it's in general. It's just, I think it's cool that as days go by, we're hearing more and more kind of celebrity figures that get involved in Bitcoin and whether you like that celebrity or not, or think, hey, it's kind of like Bitcoin's reached the stage now where I've got a friend who no matter how like how he just listened to so many bands, right? But as soon as they made it big, he'd be like, shit, but they're like, yeah, but he used to love them. He's not, yeah, this shit now. But they still with the same like rough, you know, you don't even like the old stuff, yeah, yeah, it's shit. And it's kind of like that with sometimes with Bitcoins. They're like, they're like, you know, like, oh, celebrities, keep out of it. You're like, yeah, but you know, it kind of shows that people are actually popping on, right? It's a good thing. If you want a good idea, if you make good music, if you've got sound money, that you want the more and more people to hear about it. So with that, you know, you prefer obviously that they hear about it from say Morgan Freeman dressed as God or something, then Kate, you parry in her like Monero nails, and for example, but it's still, it's still, you know, doing doing the word of Lord Satoshi. This crypto.com commercial rights itself, Dan. It's especially through the bear market. Andy Dufrein haudled his Bitcoins through a mile of shit and came out freedom on the other side. Say what to Ného. And Katy Perry call me. Anyway, we're running out of time. It's time to go predictions. Josh Shagallar predict the future of Bitcoin. What will happen in the future? The future is bright. When you send a Bitcoin, someone else gets it. Or not. Maybe you've sent it to a burn address, but that's my prediction. Actually, it's the Lightning Network that's just absolutely blowing up at the moment. I'm really just enjoying the Lightning Network. I'm enjoying actually seeing for the first time again, the spark in people's eyes when they send a transaction that arrives instantly. And you say to them, you know, that transaction has already had 10,000 confirmations. And that person got it instantly. And they're like, what? 10,000 confirmation. So it's really, really nice. 10,000 confirmations. Or you could just send a telegram years later, someone might get it on a rainy day at an intersection. Robert Allen, your thoughts, prediction for the future. I believe that Bitcoin and friends will be the most popular show on earth in 10 years. Yeah. It will totally beat South Park. I think you're right, Dan. Robert. Maybe I have to make an alt coin though. Uh oh. Dan, Eve prediction. Go ahead. I predict. I predict that more people actually, uh, I loads of people will go and watch the Bitcoin show. I think they'll watch the Bitcoin car too. Yes, epic. And I also think that I predict that my story of the week, because I had this one prepared, is that I have COVID. And my other prediction that I also have prepared is that I won't have it next week. Uh-huh. Very good. It's been a while since I've seen Bitcoin and friends, Dan. I should probably go back and watch it all again. It was pretty epic. A lot of crazy stuff happened. I'm sure I've forgotten some of it by now. Martine Wishmare prediction for the future. Not a real prediction. But I do want to say that people, we're always focused on higher, higher, higher prices. But sometimes we should just stop and realize that 10 years ago, Bitcoin was worth $1. I mean, $1. And that's only 10 years ago. So, you know, we tend to get like caught up in the moment and we're just like, oh, moon, moon, moon, but come on. You know, the rocket ships were built in 10 years time. And it will take some little bit more time, maybe, than we'd be willing to wait. But if you, stop and realize that 10 years ago, Bitcoin was only $1. Then I think it's a fantastic achievement. And you know, many more years will follow. Well, Rome didn't collapse in a day, as they say. Josh Legala, story of the week. Yeah, I also like Dan enjoyed getting COVID. I said, it was this at this time last week. I was starting to feel a bit woozy. And then, and then the next day, I was just crook as a dog. And the day after, crook as a dog again, head ache. And then the next day, I was pretty good again. Some body aches. Day four, I was totally cool. And yeah, wow, just really, I've had worse flu, so I've got to say, I mean, you know, like any bad flu, I wouldn't want to be old and frail, or have some sort of, you know, stage four cancer or something that's probably not, but it's probably not worth shutting the entire building. Anyway, yeah, it's, it's, it's, I think a lot of the fear that people have is the massive clickbait focus on the crock brain that the media's done for the last year. And so if you do get COVID, it's not the end of the world really get prepared though, because you are going to get it. This thing is so viral at the moment that if it's, if they say it's true, whatever, I don't know, but if it's, this Omicron version, it's really, really viral, but it's really not that bad. It's just, it's like a flu. It's just look after yourself. I haven't prayed for in paracetamol. Yeah, some throat sweets. Yeah. And just to, you know, get, yeah, chill out. So, you know, it's just so many people get so, I've seen it, I've seen it online with friends of mine that I've done, they're so scared. And I think the fear really makes them even sicker because they're just so, you know, they've had two years of fear just relentlessly smashed in on them. And it's just, it's not that bad. I wish, they wish to go back to people not talking and every time they had a cold and just sharing it with everyone. Yeah, yeah, yeah, totally, totally. Well, there have been worse flus but it did kill the unvaccinated meatloaf dead at 74 and incredible singer and artist. I really liked meatloaf. It's sad to see him go. Robert Allen from Bitcoin and Friends, the excellent show everyone should go Google on YouTube, Bitcoin and Friends, like Martin said, it's like South Park for Bitcoin. It's a reverent and spirited and funny. And there's, there's whole episodes. It's like a 20, 30 minute show. It's like a real TV show on YouTube. That's all users supported. You guys should go donate and check out Bitcoin and Friends. Thanks to Robert for being our guest this week. And your story of the week, go ahead. Robert. Wait, what am I saying? Story of the week. Tell us more about Bitcoin and Friends. What do you guys are all right? Right. Right. Happening in the future. Yeah. Cool. Yeah. So we are retooling the entire show. I know a lot of people like the original season. I'm proud of it overall, but we're trying to make the show a little bit more family-friendly, a little bit more applicable to a wider audience. So we're going to be relaunching it. It'll probably be six months to a year from now. We're taking our time. We've rewritten the entire, you know, the entire first season on new scripts, gotten rid of a lot of characters that were kind of muddling up things. And so we've really tried to focus on the core, the core characters in the show. If I think it feels a bit more like some of the classic sitcoms where you just really see these characters interacting and developing as the season goes on, it's going to be really good. We've got new animation. Yeah, I mean, everything's being improved basically. And so we're going to be relaunching it. And hopefully we get picked up, although I'm not holding my breath, but we'd love to try to get a network involved if we can help it. Otherwise, it'll be on YouTube again. But in the meantime, go check out the old first season, send us some love or raising money on our website, which is at btcinfriends.com. We have a BTC-PACE server setup. You can tip us with lightning or regular Bitcoin on mainchain. So yeah, lots of love to the Bitcoin community. I appreciate the support. And there's so many great ideas on that show, like when Bitcoin's pregnant with new Bitcoins and he poops them out every 10 minutes, like the block reward. So many ideas like pukes them out. Sorry, it's been a while. And that's just the great ideas. And the visual way that you explained the Bitcoin story was so great, even if the early episodes a little coarse or something, I think it was super fun, definitely worth checking out. Dan, Eve, a story of the week from you, maybe some thoughts about Bitcoin and friends? I haven't watched it since I think you showed it to me in Malta when we went to the, yeah, we watched it in Malta. And what's that? I haven't watched it for a while. I didn't see the most recent one. So my first saw it in Malta with Matt Bitcoins. But I thought it was great. I think that you said you're trying to make tone it down a bit. But I like, I'm kind of immature. I like the vulgar part of it. I like the effing and burning and a cartoon, an innocent cartoon character swearing. I think that's cool. But yeah, with Tom, I think it was a great explanation of like puking up the block. Puking up more Bitcoin every 10 minutes. And it's always really difficult explaining to people how Bitcoin is mind, right? So yeah, send them towards Bitcoin and friends. And all this stuff about Vitalik and he was so much in love with Bitcoin. And there's just so much good stuff there. I remember more of it now. Martin, a story of the week or are your thoughts on Bitcoin friends too? Yeah, this is definitely a must see if any of the viewers haven't seen it. I think Bitcoin and friends episodes were like definitely back in the days where sort of like it was what we all watched. It was like the cartoon we watched it's nice. And it's good to hear that it's coming back. So yeah, if people haven't yet, subscribe to the channel and hit the notification bell because I can't wait for new episodes to be released. Thanks, Martin. Very good. And I think we're going to head towards the end of the show here. So remember, there's still a chance to push that thumbs up button and to subscribe down below. Thanks to everybody for joining us in the chat. If you're watching this later on, you can always leave a comment, have a discussion down there in the group. There's only a couple of non spam comments these days, but I do read them all two of them. And then I read the 20 or 30 spam comments and we try to flag those as soon as we can. But thanks to everybody for watching. Until next time. Bye.