#294 โ€” The Bitcoin Group #294 - 40K Returns! - Kraken Reserves - Trojan Horse - Chivo - Maltese Falcon

๐Ÿ“… 2022-02-04๐Ÿ“ 12,348 words

The Bitcoin Group, the American Original. For over the last 10 seconds, the sharpest Satoshi's the best Bitcoin's, the hardest cryptocurrency talk. We'd like to welcome our panelists, Dan Eve, the crypto raptor. Ben Arck from LN Bits. Eric Benz, a canadao contributor. Yo yo. Josh Shigalla from the standard dot IO. Oh, I didn't see that. And I'm Thomas Hunt from the world crypto network moving on to issue one, issue one Bitcoin tops 40k for the first time in two weeks. The price dipped Friday after the US jobs report for January, but reversed as traders grew more confident that the downside is limited. And here we are once again with everyone's favorite Bitcoin question. Is the price of Bitcoin back or could it go down again? The price of Bitcoin never left. It goes up. It goes down. It's that continuous cycle. I still love the fact that they always want to tribute something to the to the drop like you know afterwards. It's like, oh right, well, you know, a butterfly like flatish wings. And therefore, you know, therefore the Bitcoin price went down. And when such as I happen to get it went up again. But it seems like the this pumps happened like some of the big news is around the SEC regulation and stuff. And it's been interesting that it's gone is kind of pumped so much. I'm going to thought that that would usually sort of drag the markets a bit. But haven't done Russia U-turn as well on or not quite U-turned, but basically they're going to regulate it a bit more. So that was maybe seen as a positive thing, right? Because the last dump may have happened. I'm see I'm doing it now like, oh, the last dump happened. The Russian stuff that was going to back like it's so easy to do that, right? But the end of the day it goes up. It comes down. You know, it's a bit volatile. The markets are really volatile right now. All the indexes. So Bitcoin just is not following the ride. But you know, everyone's really hesitant, West put their money, even the Bank of England have just raised the interest rate. So maybe maybe something to do with that. I don't know. You can just pin the tail on the donkey. Pin the tail on the Bitcoin donkey, I see. The Russian central bank still not a fan, but the Russian government seems to think Bitcoin's OK. In Arc, your thoughts on the price of Bitcoin? I mean, we probably just ran out of sellers, you know, like everyone who wanted to sell a Bitcoin sold a Bitcoin. And there's not many people left. You got that bedrock of hudlers, which I guess, have a bigger with every pump and every price move we have. But that's also forgets been the Chinese new year. So there's a lot of Chinese people off at the moment, partying, talking about Bitcoin and buying Bitcoin as well. So I'm sure it's related to this news from, it was positive news from the American economy. But you know, it's not just an American centric phenomenon Bitcoin and Chinese lights buy Bitcoin. So they're all at home, you know, getting through that Chinese firewall, buying the bits. And we've also ran out of sellers. So yeah, price goes up. There was some quite heavy resistance. So we popped through a couple of resistance zones as we were making our way down, which I didn't think it was going to do. I thought it was going to bounce off. So yeah, just just run out of people to sell Bitcoin. Eric Benz, year of the tiger Chinese Bitcoin waking up. Well, you know why? I mean, it's, you know, we've been doing this for so long and we've seen it happen so many times. It's a rubber band effect. And oh my god, it's too weak since 40K. It's like two fucking years or something, you know, it's like holy shit. Can we get our shit together and just get with the program by Bitcoin, hold Bitcoin, leave Bitcoin and go. Right? And you know, it's becoming like this whole like, oh, what can we say today to wait things up? Oh, that coins over 40K. Well, good fucking day for Bitcoin. My own fucking coin. But nevertheless, I think it's been great. I'm excited. Any time Bitcoin comes to dance and play Eric's got a lot to say. Josh Agala are the Bitcoin troubles over? The Bitcoin troubles are over folks. Go back. Everyone start patting again. No, yeah, it goes up and down. It goes. Yeah. Look, it's like, like you said, it was only two weeks ago. It was 40 or something, you know, like the time right now is to build build build build cool stuff, build on the networks that you love to build on and just get on with it. I like everybody's life was crashing two weeks ago. Like everybody was in such an emotional state. Everybody was fighting with their partners. Everybody was giving up. Everybody was throwing in the towel. He was just looking for other jobs. But now we're on top of the fucking world and we're going to do it again and again. Yeah. Yeah. I love everyone was liquidated. I love those Twitter accounts where they show Bitcoin at this time last year. We were excited at 40K. Now we're just bonded at 40K. Now we're excited at 60 now we're like, oh, it's not good enough. It just keeps happening. And it's only been two weeks. Like you said, it's like a long lost lover. Like, oh, I haven't seen you in so long Bitcoin. But that's also good because we're back home. And that means it's time for you to predict against the predictor of predictors. The Bitcoin predictor ball. Dan, will the price of Bitcoin be higher or lower this time next week? I'm going higher. Ben Ark. We're going to go higher. So we should go higher. So we're going to go lower. Eric Benz. We got one on one side, one on the other. But businesses about being high, therefore Bitcoin must be high. Josh Legala, will you go higher? Bitcoin has taken a way massive of a dose of Viagra. Bitcoin got too high. But now will the price of Bitcoin be higher this time next week? Come on, baby. Says concentrate and ask again. Even the greatest of predictors doesn't work every time like sometimes. Do it, do it, do it constantly. Do it again. I just ask again right away. It'll cut up set. It's aware of that way. It's like no wishing for no more wishes. It's on to that. Moving on to issue two, Kraken verifies funds. It's something that we asked for almost 10 years ago. And now Kraken's finally done it. The company recently passed an independent audit on its Bitcoin holdings and hasn't enabled a proof of reserve feature to its customers. The only problem is does anyone care? Coinbase has an IPO. Kraken is proving their reserve like some kind of fly by night going to run off with your money reserve. Ben, Eric Kraken has performed the cryptographically impossible. They have proved their reserves in a way that makes their security people still feel warm and fuzzy at night. Does anyone care? Yeah, I mean, I like Kraken. I know they have a hard time with Coinbase taking a German eyes while taking all the market share. And Kraken, it's dependable. It's the longest running exchange that hasn't been hacked. Sometimes it's UI is a bit sucky, but the reason it's a bit sucky is they don't mess with anything. It works. They don't want to touch it. They don't want to fill it with it too much. They've wrote in this other company to do their proof of reserve thing. And good for them. I like it. I know it's like an easy thing to do with Bitcoin, obviously. But there is now using some crazy mercatries or something, some way of them being out to some way of customers being out to verify that the funds are actually there, as they say there. And that's a good thing. Good for Kraken. I like the exchange, I like the deeply work there. Yeah. Now, I'm not allowed to make fun of Kraken because I went to college with the founder, but their interface is the hardest to use interface in crypto. They have things like XBT. And if you want Doge, you have to trade. I don't know. XDJZ. I don't know. They have different names for everything. Sometimes you'll like you'll click your click your click a button to one page and that's to be and then you'll use the different buttons to get to the same page, but it'll kind of look different. And you'll think, well, this is the same page on there's a there's a beginner, any immediate and advanced mode. Like it's a role playing game. And I'm like, I don't know if I'm an advanced trader, maybe intermediate, you know, not certainly not basically something. Am I missing something? W doesn't it have Kraken in the name? It's true, actually. I mean, I don't understand like, well, there's a lot I don't understand. I'm not going to pretend I understand everything. My base has base in the name as well. It's a fast. You know, the the the UI and the UX and the appell experience, I don't want to have an emotional breakdown. I already have one on a daily basis, right? So when I'm when I'm using an exchange, I don't want to have any fucking problems. Therefore I want it to be intuitive. I want it to be avant-garde. I want it to be fun, right? I want it to be simple. Therefore I choose not to use Kraken. Oh, sick burn. What about the proof of reserves? Does anyone care? I mean, I cared 10 years ago, back when it was like Mt. Gox and Kraken and cheap marketplace. And I was like, gosh, if they could prove their reserves, that would make me full warm and fuzzy. But now it's like corn bases on the stock market. Like I'm warm and fuzzy all over. I don't care. Yeah. Well, look, this was exactly why I launched Votoro actually back in. Actually, we turned eight years old on Tuesday, eight years of Votoro. And the reason why we started Votoro is because I lost a lot of many Mt. Gox. And so I wanted to build the most transparent exchange in the world. And I did. There was the system that Pita Tard and Gregory Maxwell came up, which was called proof of reserve, which Kraken still uses a Merkel route to basically figure out, well, just give you a green tick and go, believe us, the math, believe the math. But no one believes the math. Everyone's like, what? I don't get it. And Kraken's working grandma definitely doesn't get it. So we basically built a really simple proof of reserve where you give every user a non-alarm SID. And then when they log out of the system, you print every single anonymous ID and the amount of Bitcoin. And you put the cold wallet addresses and you can put the hot wallet addresses in some sort of way of quickly checking the entire blockchain on all those addresses. The thing is Kraken has a hell of a lot of those addresses. So there might need to be a pub key or something like that that you can check. But you can do it. And it means that if anyone's, you can check without Kraken knowing your checking and actually see how much Kraken should have and sum up the holdings of everybody as well and compare that to the cold wallet addresses. Even if there's a deviation there and you say, well, 80% of the coins should be in cold. So that should be easy to check. I'm still surprised that they go with the old school auditor that goes in there and like we had with Roger Vergoy into Mt. Gocks going, yes, I have seen the accounts and everything looks good to me. That was kind of what the audit did for Mt. Gocks. But really, the way to build true transparency is with mechanisms where the user can check. I mean, this is the beautiful thing about Bitcoin is that it has the blockchain. You can check it. And that's not only Bitcoin, it's other chains as well. The thing with what Satoshi invented is how transparent it is. Yeah, maybe not with Monero. But I think even they can show the proofs. I'm not sure to show that on error. But yeah, it's definitely something that should be praised. We should in this industry be better than the banks. And that's really, really important. We should be better than the legacy system that, you know, and it's quite easy to do. But the fact of the matter is when we launched for Toro and I wanted every exchange to take this glass books protocol that I met it. No one did, no one did even years on and maybe they don't care anymore. People just tend to run off with millions and millions of dollars, 200 million bucks here and they're like, ah, yeah, you know, it doesn't even touch the edge of the price anymore. I'm being told that crack smoking grandma trades at crypto.com. Well, fortune favors the braids. There it is. But yes, Bravo to Josh and Voltuoro for making an open protocols book like this that you could see and Bravo to crack into even if it's 10 years too late and no one cares. The main reason for this is to use it as a club against your opponents. Now crack and can pick on Coinbase and Gemini and say, hey, you're not proving your reserves. What kind of fishy business are you up to? Or are you some kind of Binance? But I don't know if it's going to really improve crack in or sell them in the next commercial. Dan Eve will Matt Damon be talking about cryptographic proof of reserves in his next commercial? Is this something that consumers care about? Yes or no? The wider public still I think likes to have someone to have a go at. Well, they're not responsible enough to have control of their private keys and I think that people like my mum for example, she's like, I don't want to have this like digital wallet. If I have anything, it's going to be on Coinbase or something where I can phone up and just moan at them if something goes wrong. But one thing I was thinking was this year we've missed like proof of keys, right? Trace May used to do proof of keys every year and actually it doesn't look like he's he's tweeted it since since the 10th January the 10th 2020 when he was he was laughing at Coin Cobb and heard, which was one of the old ICOs in 2017. I think they got like didn't they get like a boxer or something? I'm sure a boxer was promoting them and the boxer got their knuckles wrapped and all sorts. But yeah, so the thing is with proof of keys or a reminder of that is that if it's not your keys, it's not your Bitcoin. And so whilst very you know you can respect Crack and obviously for for being able to prove cryptographically that you know that by the mercury. So Angela mercury, no, it's not nothing to do with Angela Merkel, but it's a mercury. But whilst they they they they can prove that there's also the thing that you know who audits the auditors, right? They're still a third party trust thing going on. So it's not always you know you're still putting your trust in in someone. But Crack and I like the longest running exchange that haven't been hacked. So hats off to Crack and for smashing in that respect and hopefully they maintain that that record over all the other exchanges. So congratulations. And Ark, will the customers be congratulating Crack and? Yeah, it's good for the customers. I mean, I will say that it's great to be honest, if you find an exchange running that long, it's turn around and say, yeah, we have actually got the funds because you know these things do get hacked a lot. And I wouldn't be surprised if a couple of the main name exchanges wouldn't want to go anywhere near proving their funds cryptographically that the funds actually exist because they don't all exist. But yeah, it's great for the customers of Crack and but then I will say that proving funds exist currently doesn't mean that they'll exist tomorrow. So you know, don't leave your funds on an exchange. It just means that these guys have managed to kind of like keep their ship shape for however many years Crack has been running, which is great and essentially but well done to them. But it doesn't mean you should entrust them with all your money. Get it off as soon as you can. I second that. I think we should. Absolutely. I think we should. I think we should. We should have a safe who. Yeah. Oh, fun. So actually the thing about trace mayor thing of the key proving day, it was really annoying as an exchange as an exchange guy because it was the day was like straight after Christmas new year. It was like January the third and was like everyone's running on Skeleton crew and hopefully your keys are that safe that it takes a lot of the there's a lot of cogs that need to move to like do stuff and sign keys and everything and it was always an annoying day like can you make it the first day of February when you know the staff are back and you've got you know things going on. That was my only. It also had a lot of libertarian bank busting to it where they wanted you to withdraw all of your funds from the exchanges on that day so that they had to prove that they had your keys. Now sure they probably have your keys but they're in cold storage and they have to access them like you're saying January third right after the turn of the new year. Maybe you got that access is the keys isn't there maybe parts of the key from halfway around the world. It's very complicated. Absolutely. And he has everybody withdrawing them because he likes the idea of a base bank run he thinks it's funny. Yeah. And that's right. Every exchange that is actually solid and secure has a really tricky multi-sig cold wallet system going on. You know it's the only way to go and try to like orchestrate that that is happening smoothly while there's a bank run on January the fricken third is kind of annoying. Like I still think it should be something that should be done and should be part of the crypto culture but can we make it like in February? Maybe randomised like a week ahead they're like right this is proof of keys at such insights exchange. Yeah. It really keeps the security on their toes. Keeps them on their toes. It seems like obviously they're trying to spare it online. They want people to prep up for it almost because otherwise well it becomes a self fulfilling prophecy like like in 2007 or 2008 when the guy was like if you're banking with northern rock you probably want to get some money out because they're going to and then everyone went and then northern rock dumped literally after that. So it was that self fulfilling prophecy and yeah it's definitely keeping keeping them on their toes. It's like hard drive backup day if you don't do it on the first you always wish you did it on the first. Eric Benz your thoughts on do consumers care about proof of reserves the stunning new feature from crack. As a consumer myself I wake up every day and accept the pain and suffering of through three to five percent meaning I always leave margins for air and cost. So as far as I'm concerned they have it they don't have it. I got a shit going on and happy to know that they're trying. I think effort is really commendable but at the end of the day as an average consumer like myself I think you know where I'm going with that. You can always put some extra in the exchange you know if there's one of those worm programs that's going along munching a few cents here there who's going to notice that kind of thing. It's not a problem. No one. No one. You want to put something on my count. You want to take fees from it. Crack and coin base whoever you are like I'm just a simple person and what I have simple needs and you want to you want me to pay 999 a month like Spotify like all these fucking other things like these fucking roblox fees coming in like for my kids like whatever whatever you want to take it. I got the shit to do it. And there was actually a legitimate bank that on Christmas Eve dropped a bunch of money into people's accounts by mistake admitted their mistake and took all of the money back. They didn't even let them keep any of it. So it's pretty standard out there moving on to issue to the SEC introduces a Trojan horse of crypto regulation. I thought Bitcoin was supposed to be the Trojan horse. Last week the SEC released an seemingly unrelated 654 page plan aimed at regulating treasury market platforms pro commissioner Hester appears. However, warrants that it's sweeping crypto regulation in surprise. Meanwhile, Michael sailor would prefer crypto regulation saying that it would be great. And it would speed institutional adoption. Josh Shagalla your thoughts on the SEC's Trojan horse Bitcoin legislation and Michael sailor's plan that regulation would be a okay by him. No, the thing is that these regulators feel like they just need to have some sort of rule like some something some rules that they can throw at something to feel important. The fact of the matter is really what you want to do is have general rules around not losing your keys for the customers, stuff like that. And that's what the market figures out itself because they stop using XJ and things like what Kraken's doing is fantastic. These are the true regulations that happen as people hopefully demand seeing proof reserve, but I don't think people do. And so maybe this is why government step in with their superhero capes and say we'll save you everybody with our regulations. But generally what happens when regulation happen comes in is that the industry leaders write the regulations to protect themselves and it's called regulatory capture. And it generally is the same thing that's happened to the banks where they banks write regulations to protect themselves from startups to overtake them. And we'll see the same thing in Bitcoin and crypto where these big players will end up making it very, very hard for new players to come along and actually eat that regulation. They have paperwork up to their eyebrows every weekend. They just can't deal with it. The overheads will be too big. And then all the large players, usually a duopoly as we like to see in the Western world will end up and then everyone will be like, well, we've got choice. We've got two big players here and they're really good. And, God, thank God they're regulated. You can drink Coke or Pepsi. Eric Bans is crypto regulation good for Coinbase or great for Coinbase. I just want to start off by saying I love Coinbase. Now obviously regulation and Bitcoin. You have Bitcoin, right? Bitcoin at its very core was built to avoid regulation. And now you have regulators, fucking, trying to fit regulatory things on this protocol that's been designed to avoid it. You're taking legacy antiquated things and putting it on this bit of technology. And it's just not going to work. It's not what you would call a perfect marriage. So trying to come up with all these antiquated regulatory frameworks for Bitcoin, it's boring. If you want to do something new, do something innovative. Be better. Be a better reflection in yourself. As your therapist says when you wake up in the morning, look in the mirror. What do you see? You see someone better and bigger. Well, yeah, I mean, if you want to put regulation there, well then let's look at Bitcoin holistically, right? And say, okay, well, what can we actually leverage here? And how can we work within this network in this framework to make something that's more efficient and better for humanity to make the world a smaller place? And we can have that connectivity that we're looking for. Are you going to get it from Bitcoin? We not. So I don't know why you're wasting your fucking time. In the future, you can spend any crypto you want. You just need one of those chunk machines. Chunk, chunk, chunk, chunk. And if you start it, your thoughts on crypto regulation. Well, like, you know, the call Bitcoin principles is that, you know, governments can't get their hands on it. It's born out of the financial crisis, which kind of in a way was because of a lack of regulation. But so it's kind of, I don't know, a bit of a, not a lot of it, but although, yeah, Bitcoin should, as an old Bitcoin, when you're, you know, you don't want to be regulated, right? The whole point is freedom. It's about, it's a freedom thing. It's a bit not being able to, someone be able to take your private keys, whereas I think from Michael Taylor's perspective, you know, he's of the opinion that he's an institution, right? He's a big, you know, micro strategy is an institution. So of course, he's going to be, if the opinion of like, oh, regulate me, daddy, Uncle Sam. Oh, yeah, because that means that other other, other, other institutions are going to come in and let's face it, institutions are big money. So I think there's definitely like, there's a bit of a, I don't know, there's a bit of bias there because of the fact that he is an institution, part of an institution himself. But also, yeah, the positive part is that big money is going to enter the space. And that's just, that's just part of it, right? It was a utopian dream, I think that everyone would have Bitcoin before, you know, the traditional, the traditional investment firms and stuff would actually get their hands on it. And whilst that kind of like happened a bit and all the crazy people like us had Bitcoin or enter it a long time ago, it was only a matter of time before their institutions and the banks start, you know, siphoning it away from, from everyone, you know, all the, all the cold and weak hands who were, you know, crap themselves when Bitcoin goes from like 16, 67 K down to like, you know, 35 K and suddenly, as Eric was saying, like they're like, oh my god, you know, chicken, look in the sky, falling down, you know, and that's it. It just transfers the money just transfers or the Bitcoin just transfers from the weak hands that can't take the drops to the institutions that know, sadly, regulation is coming. And yeah, I mean, they know that once regulation does happen, it means that there's more likely that other banks are going to get involved and when other banks are getting involved, they've got a lot more money than, you know, a few average Joe's and Jans on the street. So yeah, I think regulation, sadly, is inevitable with Bitcoin, purely because it's the, it's kind of like, well, it's, it's going to happen, right? It couldn't have stayed under the radar for forever. And so they're going to try and regulate it in some way. We've just got to hope that the regulation isn't throttling and doesn't throttle innovation and take away the freedoms that everyone's enjoyed thus far. Ben, Eric, my cousin sister's best friend lost a lot of money on Dozecoin. Will regulation help her get it back? It's still, the problem with regulations is it's still an attack on privacy because it's, you know, privacy being from the Safer Manifesto, the ability to selectively reveal yourself to the world. So selectively, you know, if you're forced to reveal yourself then to summary privacy and it's attack on privacy, if they're attacking your ability to selectively reveal yourself. So Sailor wants to reveal himself to the world then he can go ahead. But the ability should be there for other people to not have to reveal themselves in public. But I think, you know, we all expected government to kind of like attack Bitcoin fall on. And a lot of Bitcoin is kind of ready for it. And then we're just going to take down Bitcoin, make it illegal. But it didn't, you know, they, and I still love that. I think it's that Biden quote where he said that when he's talking about sanctions and how they now have to address how they do sanctions because Bitcoin exists. Not we have to attack this thing and destroy it because it screws up our way of doing sanctions. So they understand that they can't, you know, attack Bitcoin head on. So they have to buy the heels. But by biting the heels of Bitcoin, by attacking whether it can through, you know, these centralized services, they're hardening the Bitcoin ecosystem because people will turn, because they want that privacy. So I'll turn to, you know, free-and-pensore, decentralized exchange systems or more focus will be put into those areas. As the, you know, these regulations kind of buy the heels of Bitcoin. So it's just hardening Bitcoin. But I explained, you know, they need to regulate as far as the air concern, this industry, because compared to other industries, it's not regulated as much. And then for the micro-sales of this world, they like it because it means all the institutional investors can come in. But of course, Bitcoin shouldn't just lay down and take it like it is an attack on privacy ultimately. Josh, Shagalla, the lack of regulation is what's been holding us back. It's going to get us the big money players, all the successes. The government is going to do what governments are going to do. They're going to pretend they've got some sort of control over this and, and basically they'll crush it in their country. They've been really scared to like, just put some ridiculous regulations in because they don't understand it. And they still don't understand it. Sadly, I think general money laundering and anti-money laundering and terrorist financing stuff is what they understand and how to beat that. And that all comes down to KYC stuff. So I think it's always on an off ramps that will basically deal with these regulations. But the problem is, as more and more of the stable cryptocurrencies come along, there's no real need for the on and off ramps. And so it's really the new money coming in. That's the only thing that can be regulated. Everything else is once it's in, it's in. And yeah, I think all they can really do is say that it's illegal or it's not illegal. And we saw the price rallying. It might be something to do with India actually saying it's legal now. It's just that they're going to tax the hell out of it. That's an economy pretty much close to China. So we'll see what happens with regulations. It's like the old meme. Someday, Neo, will I be able to sell my Bitcoin for a million dollars? Someday, you won't even have to. Moving on to the exit question. Forced prediction, yes or no, will the United States government be successful in regulating Bitcoin and other cryptocurrencies? Eric Benz. Regulating cryptocurrencies will they be successful? You know, the cool thing about technology and the cool thing about what we've been doing for so long is the fact that it's moving at such an exponential rate. And before you had cycles specifically related to technology or industry, whatever, no cycles actually different from one another. But those cycles are all very 10-year cycles. In crypto, it's kind of like half so five years. And what I'm trying to say is that because it's moving so quickly. And if they want to try and put on that regulation and go about what they need to do, well then, you know, innovation will always circumvent regulation. And it will always be elevated to a point where regulation and laws and rules won't be able to catch up. And you see this problem right now because you have regulatory measures and things that have been written, you know, pre-credit card. So pre-internet. And we're now trying to like, as the saying goes where I come from in the metaverse by Mark, you can't square a circle. Right? So you can't like force something that's not meant to be there. And if you do then the technology and it's going to advance to a point where it'll be doing something else. And something else. And something else. And so it's going to be this like continuous effect upon effect, upon effect, to not avoid but to do things in a more creative, more efficient, more peer-to-peer driven scenario. And yes, we won't need their regulation because I'm going to let people regulate me. And I'm going to regulate people. And we're going to regulate each other. And we're going to build this trustless economy together. Dan Eve, will they regulate? Well, I think I think banning Bitcoin is a massive game of whack-a-mull, but it's impossible to win. And regulating it is just a slightly less impossible game. There's always, you know, in our current every market that's regulated, there's massive loop holes in almost everything, whether it's tax, you know, they're still trying to plug up loop holes around like IR35, like in the contractors, have the way contractors do tax in the UK. And there'll always be loop holes around it, right? That's just the way things work. So I think Eric spot on with the fact that the technology is moving so fast that these loop holes will be created. And yeah, it's just a never-ending impossible game of whack-a-mull trying to regulate Bitcoin. It's almost like the, you know, it becomes a black hole. Once the money's in there, there's so many things you can do to swap for this chain, that chain, another chain. And as much as you've got confirms like chain alice niche that are snooping on everything, and there will always be technologies that evade chain alice niche. It's just a cat and mouse game. And Eric, surely someone must take the government side after all. There is an infinite amount of cash that the Federal Reserve surely they'll be successful with their regulation. They're merely finding the flames of the technology, which will ultimately regulate government and hold government to account. So they're just hardening the technology, which will ultimately be turned on them. And as Josh said before, it must be better than the banks. When they say, oh, we're going to regulate this, we're going to regulate that. Eventually it'll just, it's an embarrassment. We're like, well, look, we can prove where all the funds are. We can prove this. We can prove that. Can you prove any of these things? And the technology will just be turned against them and will be used on them ultimately eventually. So they're just increasing that process, the speed of that process by attacking and hardening Bitcoin. The more they regulate on us, the more we regulate back on them, rally up regulators, ride up. Josh Shagalla, will the government succeed? No, I mean, you know, they'll succeed in the on and off ramps. And now it's succeed by driving real companies and competing companies offshore. Crypto was, you know, when you go to America, you use US dollars, when you go to the UK, you use British pounds, when you go to the internet, you use crypto Bitcoin, whatever you want. And so you have no power here. You use Kazakhstan. Oh, yeah. Well, I heard I heard I heard they're doing phenomenal non-regulation for crypto. Gowing, they shut down the whole internet. But Chuck Norris just keeps mining by hand. Chuck Norris is there. All right, moving on to the next issue. Check out the WCN clips account on YouTube by googling WCN clips. We've got clips of this show and other shows on the world crypto network at WCN clips. Moving on to issue four, L Salvador's Chivo Bitcoin wallet software developer replaced after complaints about ID theft and disappearing funds. As what'll come as a surprise to no one, L Salvador's Chivo wallet is now being run by software developer Alpha Point, who is going to improve the Chivo backdoor Bitcoin wallet. People have using the wallet have complained about identity theft and disappearing funds. L Salvador issued the wallets to its citizens last year after it adopted Bitcoin as legal tender. Ben, arc your thoughts on the long overdue switch from make it your own software to professionals from Alpha Point. I mean, yeah, I've been very critical of the Chivo wallet when I went to our Salvador. It was terrible. What was very reassuring was that people using Chivo would then soon figure out they need to switch to a more functional wallet. But the funds were locked in. When you make a Chivo, when you make a payment for one Chivo wallet, it's when you're not doing a Bitcoin payment. You're just doing a database flip. Then, to get to Bitcoin functionality and chevy, you had to go to a lot of different memories, memories, menus, in order to be able to unlock lightning and on-chain. All those funds, which the government said they gave to the people, they hadn't actually given to the people. It was said that if Athenia's was building Chivo, and then the Kelly's brother, and the good portion of that company, and the Athenia offices were like something out of some, you told them incredible. It's not those sandy, dusty roads which you saw Jack Manners walking along. It was a very modern glass building and had these wrapped cars, these wrapped Athena cards. I will assume that this new company which has been brought in, there is some vested interest for the inner circles of government. Of course, there is, or there's been some shares, but I don't know, whatever. I know as well, like partly why Athenia sucked for the lightning stuff, because they were not running their own back end. I know who was running the back end. I also know why it was bad, like a lot of the end points for the webhook for when a payment had been settled, which would then hit the Chivo wallet. For some reason, Chivo wallet just blocked that webhook from happening. The webhook had happened. This is from the words of the people who were running the lightning stuff for Chivo. So, Chivo Athena itself had just outsourced a lot of the management of the architecture of Chivo wallet. To these other companies, which actually had good technology, but they just implemented the technology very, very badly. I'm very critical of Chivo. I can't imagine it's going to get better anytime soon. If it does then there will be some vested interests for government. Use some free and open source wallet. Use blue wallets, great wallet, Bitcoin lightning wallet, great wallet, Zeus, whatever. There's plenty of great Bitcoin wallets and use those over something like Chivo. There are a reason for El Salvador to have to make their own Bitcoin wallet. It's exactly what you expect. It's funny why you said that. It's like an icon and existing wallet and just translated the send button into the local wallet. It's just control, isn't it? Because they want to give, so if they had blue wallet, I don't know, if they had like an open source wallet or a wallet which was more transparent and then they gave everyone funds, then people would then use those funds and pull them out onto other wallets and they would be doing actual Bitcoin transactions, whereas they couldn't have that happen with Chivo, because I can't imagine they put all the funds in there with the $20 or whatever they said they gave to everybody. So, it's just exactly as a state would implement Bitcoin if it was done as El Salvador did it. They want control. When I was there was absolutely no sign of strike. So all this talk, all this, you know, a bravado on stage, well I'm not broad, but you know, Jack Mal is when he announced on stage and then he had a curly on there. It seemed like it's a great partnership because this remittance technology was just going to be used, blah, blah, blah. I saw nothing of strike. It's been elbowed out by a thief and by Chivo. And that's great. Bitcoin Lightning Wallets out there. I mean, like, I found a lot of the people in ourself, although they're using Ibex as wallet. Ibex is a bank in Guatemala. They've got already good bitcoin Lightning Wallets custodial, but it's great. So they were using that. But yeah, I mean, I know people behind the architecture of Chivo. The architecture of Chivo was running on. And it wasn't their fault that Chivo was such a piece of shit. It was Athena, which was, you know, part owned by Ibex. It's brother like I said. So, I mean, yeah, I can't imagine that Chivo is going to become something which I would use any time soon. So, yeah, for the people of El Salvador, please use one of the great 300 resource wallets we've got in Bitcoin. We've got plenty. It's clear. It's hard to design a wallet when you have different goals. Like you're saying, the original Chivo wallet had this feature where if you were going to say drop $20 on every person in El Salvador, you didn't actually have to drop it. You could just say that. And then maybe if they jump through some hoops, then you give them the $20. It saves a lot of money that way. I can see what they're saying. We also have to remember that it had that briefcase feature where they are going to try to find out how many Bitcoin you could fit in one briefcase. And if it was like an entire country's treasury or half the treasury or third of the treasury, whatever it is. So, we got to still watch see if they keep those kind of features. Josh, Shagall, what do you think about this company coming into fix Chivo wallet? Again, something that we don't really need. We could just use a language pack on on blue wallet or something, right? Yeah, but like Ben said, if you, you know, you're launching some of you want some official government nonsense. And it's typical like any government's going to do a crap job at building a Bitcoin wallet. So, it's just is what it is. They're just crap at executing anything. You know, in East Germany, you had everyone had a right to a car. But they had one car called the Trabant. And you had to order the car when your baby was born. So that when your child turns 17 or 16, the car would be ready by then. And it literally took 16 years to build the car. Because governments have just crap at it. This is why private enterprise exists. This is they're just far better at resource allocation. And yeah, just don't use it. Just don't use it. Bitcoin is legal. Not, you know, using just their wallet. So, yeah, jump across to a different wallet. Start using it. Really, really important. Get a and use lightning jump into the lightning. Crackin should actually implement lightning. That that would be really, really cool. That would be more useful than proving their funds. I'm picturing a really chill assembly line Josh as they work on the car for 16 years. Every year they send us a picture like the progress on the car like we attached a fender this year. Next year we hope to put the rear end on, you know, and all the workers are kind of sitting in lazy chairs with the drinking drinking a beer. Yeah, because they only have to build one car every 16 years. It's a pretty sweet deal. Let's see Eric Benz, do you have the government designing your bank of America wallet is a e-trade going to go into the US government business soon? Sorry. Yeah, so this whole thing around the wallet and experience and all that. We still haven't received or seen an intuitive consumer driven decentralized wallet experience for Bitcoin. I don't like talking about Bitcoin cash, but I will say that a great Bitcoin user interface wallet is the Bitcoin.com wallet in my opinion. I think it's just super intuitive. I wish it defaulted to Bitcoin because sometimes it's confusing. I think that's by design. I guess. But we need fucking intuition. We need more connectivity with the human minds and how people want to work. Yeah, that's why I can grandma needs to use it. Right, right. Exactly. Let's talk about interesting things instead of CoinBad instead of Crack and Cruban than Treasury. What about NFTs on Bitcoin using Lightning? This messaging and the whole announcement of Institutional and Regulation and Russia and blah blah blah. It's like, can we like focus on the future of finance, please? You know, all this noise, all these distractions, all these fun and games, right, are all there to distract from what's clearly happening. And that's we are part of fucking future. We are part of something bigger than they can comprehend, right? Something massive. And we all know what that means. And I think the world is now waking up and appreciating and accepting that we know what we're talking about. And I think you're going to see over the coming few years, this continued growth and maturation that we've been used to seeing and being a part of. But now all these new people all over the world are going to fuel this acceleration and development and regulation. Riga who? Riga what? Riga. Riga key. I managed to find the, so I took the part of the the chief office on shows. Crack is, I mean, let me show you. Can you see this? This is the, the chief, can you see this photo? Yeah, look at this. This is in our Salvador. This is in San Salvador. Can you see the chief logo up there? Right. Yeah. I mean, this is this is a wallet noise I've heard of, like, like, which was built by company noise I've heard of. This is exactly I got a few, I got a few companies like that. But at least they got their sign on the side of the building. Now we can trust them. I agree with what Eric was saying, there's still not really an easy wallet like a Fisher price Bitcoin wallet with a green descend and a red to stop and you wouldn't even need to translate it if you did it right. I mean, sure, there might be some confusion. I've always wanted to do people in other countries play with paper airplanes. The, the, the floppy disk on the save icon is getting really old in the teeth. But you know, other than that, that kind of localization, it shouldn't be that much. It should be sand. It should be received. Dan, Eve, your thoughts about open source Bitcoin wallets and Chivo wallets and such. Well, I think it's a step in in the right direction that they've taken on the criticism about Chivo and they've got another party on board. You know, maybe it's a sign that actually there was something nefarious going on, like some dude in in Athena did a bit of, you know, update user wallets set user wallet. Yeah, user wallet ID equals mine where balance is greater than X or something. I don't know. And, and just shifted them some coin each over. Obviously, you know, a lot of people were reporting that their balances were disappearing. And maybe they just realized that they suck at rolling stuff out like most, most governments do. They may be overfunded it. They spent 95% on a really nice building with a great flashy sign on the top. And the rest the 5% went into development. But either way, it's an acknowledgement by getting another company in that they want to they want to better it. Right. And that's a good that's a good sign. Well, it's I actually, I don't think it's it's open source, but it's also probably it's custodial as well. But wallet is to toe she's actually pretty simple for like as far as a lightning wallet goes, you know, it's really simple. You have a balance there, you know, it's the hardest part is for some people is still just, you know, being able to send normal Bitcoin onto that to their lightning wallet. But I think it's quite simple. But nothing's I think the problem is that there's so many fancy things like going with say Ethereum with like, is there even a like a metamask is a really nice simple wallet to use if you're an Ethereum user. Is there even a Bitcoin wallet that's like that? There's like a Chrome sort of add on this, this non custodial and like met it. There's a web three type wallet. Is there one? Does anyone know that? Anthony DeOrio had that one that was built into the browser. I think you had to download your own keys. I forget the name of it. But yeah, I think it was it was crypto kit, no? Or rush wallet? Crypto kit. Yeah, and rush wallet. Yeah, good one. Yeah, you know this muscle, you know this muscle is working. Right? You probably think and I wonder if I can get my private keys out of there. Never too late. I'm on the on the lightning front there was Chul, which came out very early, too early. In fact, someone used it and the project kind of went stifled. But then there's a great project coming out from the shurman's and it's like it's a B for the logo. I can't remember what it's called, but it's it's a Chrome extension type Bitcoin lightning wallet, which you can connect to your own open things. It's very good and it also connects alibis. I think so I'll have to find out what the name is. I'm going to go find out what the name is because it's a good wallet. It does it does seem like something that we need again. As Dan was saying metamask is really sharp, especially the way it can trade through uniswap and other things. You can trade this Ethereum for some other coin, for some other coin to get your NFT or whatever you're trying to buy. We're running out of time. We're supposed to go the last question. We're going to talk about the matdame and crypto.com commercial again. Yes, that's right. Again, I played it for you months ago. I played it for you again. And now it's in the New York Times as the New York Times magazine says, why is matdame in shilling for crypto just buy it? He seems to suggest, what are you? A whim. And that's directly for the New York Times magazine. As we know yesterday, South Park mocked Mac Damans cryptocurrency advert season in a new season premiere, which we have here in the lowest possible quality taped off of television. Not even sure if the sound will work. Let's give it a try from last night's South Park. David lost all his money. Yes, everyone did. But they were brave in doing so. We have to stand up for ourselves. You guys are saying we go right to the principles office and tell them what's up. Everyone lost their money, but they were brave in doing so. One more chance to celebrate my favorite matdame and commercial. Dan, even now that you heard South Park make fun of it time and time and time again, the whole internet's laughing at matdame. And I'm the only one that takes the commercial seriously. Fortune favors the brave. Dan, even your thoughts on this tremendous commercial. It's it's a lot. I think it's the commercial's cool, right? It was a very kind of, you know, awe-inspiring commercial. They had the Dasteroids. They had like Columbus discovery America. They had like, you know, just like you said, it was like a museum, right? It's all the best parts of a museum and the kind of most exciting adventurous parts of history you're rolled into one. It was a bit a kind of silly just like comparing it to like, you know, buying some Bitcoin or shipcoin from crypto.com. Obviously a bit of a bit of a slight stretch there, you know, like the Wright Brothers flying an airplane and like buying a shipcoin from crypto.com. But it was a adventurous advert. And I think if the story would be obviously completely different, if Bitcoin was 100k right now and everything in Ethereum was like 5k, then they'd be they'd be shutting out. They'll be whining about something else about about matdame and but it's because the prices dropped. If everyone comes out of the woodwork, they've got nothing to say when the price is pumping, they know that they're all dumb enough now not to say, oh, Bitcoin's going to die because you're just an idiot if you say Bitcoin's going to die. So they just wait for the price to go down and they go, uh-huh, told you matdame and getting everyone into trouble. Brave, you know, and but but at the same time, that South Barca episode looks absolutely incredible and I can't wait to watch it. The other thing I've seen recently is they're calling out all the football players, all the boxers and such that took their money in Bitcoin. Of course, everyone doesn't realize it's the same thing as Elon Musk bragging about how easy it is for him to huddle. These guys don't live paycheck to pay check. They're not spending their money on next month's rent. Yeah, they're down 30% now. They're not selling their investors. They're going to huddle that. They're going to ride it out. The football players will be fine. And another thing I love about this commercial and I've always highlighted it whenever we talk about it is this commercial is the biggest brag ever for you for the people that have been in crypto for the last five years or 10 years for the people who have suffered the people that lost it all and made it all lost it all. You know, you are the brave. You've already made your bold bets on Bitcoin. I agree with poor, uh, Cartman and his friends, uh, Kyler, whatever the flip off guy was, uh, I forget, but his father lost all his money because he's brand new. So yes, sadly, matdame and is going to fleece the new people, but what a pat on the back for the adventurous people that let us there, which is of course us, the Bitcoiners. Ben, arc your thoughts on this commercial, which now is so worth the money. Like talk about being worth the money. You get a whole South Park up. So making fun of you three, maybe four times like South Park just makes fun of Bitcoin now. Like that's how far we've come for the brave. I mean, they're going to hire on like these people. So you're giving enough money. They'll do anything. And like hopefully, my diamond will look in the mirror and think, you know, I, I always watch the South Park episode laugh a little bit and then think, well, actually, maybe they got a point. Maybe some parents don't know what they're doing. Maybe they're going to lose some money now. Maybe that's because I said this thing in an ad for an I drove them towards that thing anyway. But I suppose ultimately he can just think that if they're going to, if they're going to go through that process, then they're probably going to go through it on their own at some point anyway through some other, um, some other, you know, I have a new somewhere the way. But um, more to the point, I found the, the name of that, um, the, let me share this. I found the name of the Lightning wallet, which is in browser. It's called Albee. And it's by some, it's free and open source. So it's by some very great German developers. So check that out if you want to Lightning wallet in your browser. And it's actively being developed and they're doing some cool stuff with it, which I, I wish I could remember so I could tell you more about it. But it's a good wallet. It's well worth looking into. Um, but yeah, Matt Damon, I mean, so God goodness me like, you know, uh, tree park, I'm at Stone like hats off to them. They've just got the finger on the pulse, haven't they? And there is something I like about the fact that they have an eye on our little world, or it was quite a big world now, I suppose. Um, you know, when they talk about NFTs or something, we're now in the talking about this Matt Damon advert, like clearly they're aware of our universe and, um, and the things which annoyed Bitcoin is probably about the Matt Damon advert also is annoyed them as well. So who knows, maybe they're Bitcoiners and maybe they don't like this sort of shitcoin evangelizing by named face celebrity suspect buying shitcoin evangelizing for, you know, well, if Bitcoiners looked any better, they would use them instead of mad dammit. That's very true. And Matt Damon's a very specific celebrity. He was in Goodwill hunting. He's seen as a smart celebrity. You could also see this as Jason, T. America Jason born. This is like a James Bond like celebrity marching down there. He's masculine and rugged. He fortune favors the brave. So it was a very specific pick with Matt Damon. Josh, should call your thoughts on the Matt Damon ad then we're going to Eric. God, whatever. Okay. Oh, come on. It was on South Park. It's they've renamed the arena. This is the greatest advertising coup in Bitcoin history. All I can say is, you know, when the when the kid school says, so I can't believe it increased by 1,500 percent. And the professor says, oh, I'm sick of hearing that Bitcoin. Nothing can rise that much with that and not be a scam. And he says, no, no, I was talking about the price of college tuition going up since the 1980. Oh, oh, college loan humor. Eric, Ben's your thoughts on the crypto.com commercial being featured on South Park, the greatest show ever, the greatest commercial ever. Being here at LA, I'm very excited that crypto.com is attempting their crypto takeover. Getting a superstar, Matt Damon stature to present himself as a crypto visionary and thought leader in this space is a phenomenal achievement. They must have paid him a significant, a significant amount of coin in order for that to happen. And kudos, Eric from crypto.com is done a wonderful job. And, you know, if if their wallet was was actually able to be used and it was a really nice experience, I'd probably use it myself, but I don't. It is a good point. Shout out to Matt Damon. All he had to do was walk across that green screen set. He had to read these lines like he's read a thousand lines before a million plays and such. And you know, at the end of the thing, when he's looking at the thing and you're like, I should invest. Matt Damon has dollar signs in his eyes. That's because he's already getting paid once again, like the bit corners that are patting themselves on the bat. Matt Damon's already out of there. He's already cashed in the check behind the Tesla, whatever he wants. But we're running out of time. So we're going to move on to predictions. Dan, Eve, do you have a prediction about the future? I predict that that crypto.com have got another advert with Matt Damon. Surely they're going to follow it up. And they'll be like, right, the price is down, but by now, they'll be, I don't know, maybe like some sort of they'll do another play on history of these events, like the biggest turn around in history. And I don't know, I think there's going to be something there's going to be an advert coming out to take advantage of like the shopping season prices of Bitcoin right now. I'd like to see it. It could do a reference to sex in the city like, losers die on their pelotons. Winners trade Bitcoin at crypto.com. Then arc prediction about the future. No, this week I'm going to work on Diagonale, which would be wanted to work on for ages. And that's like an anadbits extension, which uses Nostar. And it means that it's like an idea for like a market thing, not a dark market, like a censorship resistant market. And I really like built it like experimented properly with it. See if it would work. So I'm quite excited about having to play with that this week. Hopefully it will. I don't want to be crap, but if it is, you'll never hear of it ever again. But if it works, then I'll talk about next week. Hopefully if it's finished. So many ever talks about their losers. Josh, Shagala prediction. I think, I think, no, there's no prediction. I'm sorry. I made a prediction market. Well, as dry and Eric Bands of prediction about the future. Well, the future is right behind me. And the also the cool thing is that the future is so green. It's so lean and green and mean. And I love it. And the point is that it's what we make of it. And we're continuing to push boundaries. If we don't push boundaries, we never create opportunity. So the future is quite an exciting space and exciting place to be in. And we're here building it. And everybody else has benefiting from it. So enjoy. Yeah, yeah, I'll piggyback on that. There you go. Dan, you have a story of the week. Go ahead. Story of the week. I'm finally over COVID. It was a non-crypto story. But I was able to leave like a family outings. We were three of us at COVID. So we were able to leave the house legally today. And we weren't going to be stopped by the COVID Gestapo. And we went out into took a trip to Lidl. It was like, I don't know, it was like the bloom of a new era. So yeah, that was cool. That is my story of the week. And I'll turn it up. Hey, you can wear your pajamas wherever you want. So second time you drop the liddle in the show, by the way. Yeah, yeah. Yeah. Obviously. All right, Ben, Ark, do you have a story of the week? Go ahead, Ben. We're doing stories as well. Not really. No, not really. No, I need to get out. No, I'm really just been a very unproductive. On LnBit, you may. No, scared.com. It's like a Twitter thing. Say it. No, yeah. No, well, no, well, that's not, I mean, like, yeah, not started coming in and I've a look at it. It's like a Twitter thing. But Fidget has forked it and improved it a lot. So the new version is called Brannel, which I'm using. But I'm using. So I thought he forked my thing and then improved it a lot. Then I thought testing and then didn't improve it but changed it slightly. Stop forking each other. We keep faking each other. But he's, it's great. Yeah, check it out. I've a look at it. But no, that's, I mean, I didn't do anything without this week. I didn't do anything productive this week. I was a fail this week completely. A bit January, January is such a miserable month. There's not like, after Christmas, the weather's crap, like, it's just sucks. I want to get out of January. I mean, we're out of January. Nice, which is February. But oh, we're popping a year to our, to our Chinese friends, I suppose. Oh, the, the, the, the, the story of the week is the Lacey. So in China, they give these little random envelopes to kids and they have money in. And this is cool. One of the, the main main organizers of the Bitcoin Hong Kong group. They make these things called Lacey, Bitcoin Lacey. And it's like, it's a withdraw of outshirts. Beautiful as well. Inside a red envelope. And they make the houses of them. And then people can buy them and then give them to the kids. And it has Bitcoin in like, on lightning so they can scan it and get the money from lightning. And that uses Alan Bits in the back end as well. But yeah, they seed with Bitcoin. Lacey, Lacey, Lacey, Lacey. I feel bad to get a website. I'd like to get better at like making a note of all these things before we start the show. But yeah, that's very cool. And I saw those knocking around on the Taliban group because it's obviously the Chinese New Year. And that is huge. Like it's a huge thing. A big event. And the technology works brilliantly for it. Like if you're going to give away money, you gave cash before, but people don't cash anymore. They want digital money. So this is the technology you need to use. So yeah, that was great. It's great to see the Hong Kong Bitcoiners upgrading. I know they used to do that with Bitcoin, normal on Bitcoin, on chain Bitcoin. But that's too expensive now. So now they can do it with lightning. That's great to see it coming forward. Josh Tagala, do you have a story of the week? Yeah, I also recovered from the Rona. I still got a little bit in the throat there. But yeah, it was two days. One day of sort of fever. Second day was coming less. But then like a week and a half of just being tired. But yeah, back. So it's really good to have that over and done with and get on with life. But yeah. And now I'm back. It's been tricky because over Christmas, our community has been doing its thing. And I sort of disappeared because I was just tired and needed a holiday. And then I got COVID. But it's great to go back and start interacting and start working again and get on with 2022. All right, Eric Bans, special guest for the week. What have you been working on? What's your story of the week? Working on the fuck I haven't been doing. Jesus. But now, like, you know, since being in the space for a long, long time, you see a lot of shit. And especially being in this market, you know, the cool thing about working in crypto and starting with so many really like cool, successful businesses. And also like failing a bunch of times is that we move now. It's such a fast pace speed. Everything is quite like on point and we think faster and we're smarter. We have better intellect. And I go out on the streets and I'm walking around and I can't stand anyone. I just can't deal with people in CBS or at fucking Starbucks or on the streets. I literally, like people, it's like zombie apocalypse. Like literally, like, can you please be on my level? Can you please understand what I'm saying? You want me to slow down? Okay. I would like, I would like a tall flat white in a larger cup. I don't need any fucking questions. I don't need to be confusing. And these people are just not with the program. And we need to do a better job of educating and we need to do a better job of on ramping and we need to do a better job of dealing with the youth of tomorrow because these are the leaders and visionaries that we all want to take over. We're not going to get anywhere if we don't fix these problems. And so, you know, I think it's a testament to a lot of the people in the space, including myself. And, you know, you guys are obviously being around for so long. And, you know, I decided to take all the knowledge I've done in crypto for the past 10 years. Wrap it all up into a big, big joint. No, I'm joking. But, no, wrapping that up into pursuing my passion and my interest, which is to redefine and remove the stigma associated with this marijuana and really shape the future of finance. So, Canada is a project that I'm contributing as well as a lot of other quality execs from the space over the years, including John Matonis and a lot of other Bitcoin people to really help redefine what cannabis is and how important both for industry as well as humanity is going to be moving forward. So, please feel free to check out Canada.org. We are in a mission and have a very, very clear vision. And we're going to need an army and an army is what we're built. And the future of finance is pretty green. And I'm excited. One quick thing I have to add as well, a friend of ours has started a sand dow to free a sange. He's working very strong on that. I think it's a really cool idea. They're constantly talking in the discord of how to deploy the funds and how to help drilling a sange. There's also a free rostdown as well, which is pretty cool. But yeah, check it out, asange.org. I like how they follow up me with asange. It's really beautiful. Thank you. It sounds like a great project, Eric. People can check it out at canadow.org. Absolutely. Yeah, check it out. And we're community spirited at the moment. We've got a lot of cool things happening around East Denver. We'll be giving away as much weed as you can imagine or want. We've got some phenomenal things with pizza dow guys. And we'll be doing some fuel events in the international church of cannabis all around education. And not only there to showcase how beautiful cannabis is, but also communicate how important cannabis will be. And currently it's thank you. Bye bye. Sounds great. One of the last projects we had this space was a pot coin. We had a guy here on the world crypto network used to do mad pot coins. It was pretty fun show. He's talked about pot coin. And then somehow, I don't know how this happened, but Dennis Rodman got involved. And then he went to Korea to meet Kim Jong Un and he wore a pot coin t-shirt. So I can only hope that the canadow will reach similar heights of whatever that was. I'm sure you can make it. And I'm sure the worms available. But I don't know about Kim Jong Un. That's a hard get. But it was a great story. I think there's a lot to be done there. A lot of doubt work. And there's just constitution down and all these other ones. So why not canadow? So sounds cool. Thanks to everybody for joining us this week. Still a chance to give us a thumbs up down below. Push the subscribe button. We get about five or six comments a week. I read all five of them. So if you guys want to give us a positive comment, that'd be cool too. Otherwise, we're running out of time. Until next week. Bye.

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