The Bitcoin Group, the American Original, for over the last ten seconds, the sharpest Satoshi's, the best bitcoins, the hardest cryptocurrency talk. We'd like to welcome our panelists, Dan Eave, the crypto raptor. That'd be Friday, folks. Christian Rutzel from Raspi Blitz. Hi there. Ben Arck from Ellen Bitts. Oh. And I'm Thomas Hunt from the World Crypto Network, moving on to issue one. Issue one. Bitcoin will says Russia Ukraine tensions push gold to an eight month high. Bitcoin is acting more like a high growth tech asset. One observer said, yes, the price of Bitcoin is down, along with the stock market and everything else. Except gold, it seems. Bitcoin fell over 7% to $40,500 on Thursday, registering its single largest declines into January 21st as reports of Ukrainian forces and pro-Moscow rebels exchanging fire in eastern Ukraine saw investors ditch risky assets for safe havens like gold. Dan Eave, the price of Bitcoin is down. Now they're blaming international relations and the stock market. What do you think? Well, I mean, again, I think it's one of these situations where something happens like butterfly flaps is wings somewhere and then they're like, oh, that could have, that's actually caused the price of Bitcoin to go down. The market just needed a bit of a pull back after hitting another crazy all-time high of like what's $69K? Obviously, it was a while ago now. But the main thing is that people are still building the institutions are still coming, which is good for some people's eyes and bad in others. The main thing is that the highlight really is that I think in the last week, the Bitcoin hashrate hit an all-time high of 229 exa-hashes, which is pretty sick and it's currently sat at 2.14 and Bitcoin difficulties at 27.967 trillion right now. The wheels are still turning, right? Whilst the price goes up and down, Bitcoin just keeps on growing stronger, more secure than ever and the infrastructure keeps on coming. Yeah, I think it's obviously what's going on in Ukraine is obviously a bit unnerving. I always think of that, I don't know if you've seen that meme. It's like, it says, you're Ukraine? No, no, no, my claim. Ultimately, Bitcoin goes up, Bitcoin goes down and just keep on building. And yeah, that's the way to roll. Try not to think about the price, even though it's really difficult. The miners still are mining. There's no earthly way of knowing which direction we are going. There's no knowing where we're rowing or which way the river's flowing. It's Willy Wonka, but I had to look it up. Christian Rootsle, which way are we going? The miners are still mining like Dan says. I agree, but also the risk off assets. People are out of risk right now. They're like, there's going to be a war in Ukraine. There's chaos in the world. I'd be happier with dollars or, as the article says, in this case, gold. Christian, is it just a risk off? People are getting out of scary assets. It's one of those things. That could be a kind of a war situation is always bad for markets. And you can look at back how the pandemic crashed the markets very quickly. And then stuff that puts the kind of world economic thing out of balance always is bad for markets and they will react. The interesting thing, I think, a little bit of what is in the article is that, again, we see Bitcoin falling down and gold is going up. So, hey, we always thought this Bitcoin was the crisis money and that will go up. And I think the truth is, and so to say, Bitcoin is still a speculation. There's hope for speculation in there. So, there's hope for growth in there. Gold is very boring, basically, because you know, there's this, it's already this fixed amount. And maybe the value goes up, but then the value just goes up because a little bit people shifting a little bit more to the security side. With Bitcoin, it's more a little bit the other side. People go into Bitcoin when they still see, oh, maybe the next year, it will end of year, it will be 100K, whatever. Then those people moving more money into Bitcoin, making smaller to midterm bets. And once we see, I think, a crisis situation and we see the stock markets going down, a lot of people that are doing bets on the side, they have to liquidate, right? So, they have to, oh, okay, now I have to pay here. And then they have to get the money out of Bitcoin. So, a thing, this is why we really have the problem still that short term, we will see Bitcoin going down in such crisis situations. I agree. Everyone wants it to be inflation-proof and really strong, because there's only 21 million units. But at the same time, the way we got to 50K was by playing with Wall Street's money. And like Christian said, if you've got bets in Wall Street, they're going down, you got to cover them. You're going to sell your Bitcoin, the risk off thing, all of that. Ben Arck, what about this inflation argument? Does this mean Bitcoin's inflationary now because it follows the stock market? Or are we just in an early phase? I mean, you know, gold bugs, we have to think they know risk, don't they? People who are familiar with gold, excuse me, people who are familiar with gold and are willing to go into gold, they're going to be very risk-averse. And that's why the gold price is going to go up. And then the thin wedge, which can shift the price in Bitcoin trading, they treat Bitcoin more like, you know, a high-risk, volatile, digital, or stock-assetting. So, but we've seen this before with other geopolitical problems that gold has a rise, has a pump. Bitcoin goes down, it correlates with stock markets and whatever else. And then Bitcoin tends to decouple then, is people then think, oh yeah, wait there, there's this thing called Bitcoin, this is a good way for me to secure my funds. Particularly if, you know, I'm in a war situation and I need to move funds quickly across borders if there's some sort of conflict, that's what Bitcoin works really well for. So, I think we'll see, it's a temporary coupling with the stock price and then it will do what is done in the past. I think that we covered the beginning of the COVID as well, there's kind of a bit of a dump on Bitcoin and then it then picked up as people start to think about it as a safe haven somewhere to put their funds, which is our traditional financial system, which is going to be heavily affected by these geopolitical issues. So, yeah, we just got to wait it out and then wait for that thin wedge, you can influence the price to the negative for now. We just have to wait for them to get shook out and then just let Bitcoin then go up. I think the most important part of investing that a lot of people forget is you have to allow time. I've been watching some CNBC or crypto NBC lately and every day they're like, you should buy, you should sell, today you should buy, tomorrow you should sell. Oh my god, tomorrow today, tomorrow. So, they're into this minute by minute thing like they're the cable news or something, but really a lot of them are like, I want to go long, I want to give time to this and when you think about Bitcoin, I've heard people describe now, you just have to have a five-year time span. If you could wait five years for your thousand bucks or whatever you put in to come back, maybe they'll be more there, but people don't want that. They want it in three weeks. They want it in two weeks and the more that you watch the crypto NBC, the more you watch some of these other channels, I know there's lots of YouTube that you can watch that'll tell you how to make money and how to do it tomorrow, but you should have done something different yesterday. I just think it stresses people out. It doesn't lead to wealth. I think there's a lot of other people who are like, I made my bets and I check on them every six months or I check on them every year and the part of the way they do that is they don't over bet. They don't put all their money in. They put some into some pile, some of the other piles, but if you've put all your money in and now you're checking it every day, well, again, I think we're going to lead into the next article, but first, even though I'm in Las Vegas, I did bring the Bitcoin predictor ball. So we are ready. Dan Eave, the price of Bitcoin, this time next week, higher or lower. I'm going to go sadly lower. I think there's going to be a bit more turmoil going on, a bit more flooding and yeah. Negativity from Dan reading the room of the Ukraine crisis, Christian Routel, higher or lower. Yeah, say a small dip lower and then we can get up back to 40 something like that. So yeah. Ben Ark, the Warren, Ukraine, ruining your retirement plans. Higher because it's a sanction resistant. So all the sanctions which would be levied against the Russians, they'll just bypass those sanctions by using Bitcoin. Would be pretty exciting. And now it's at the ball. I remember shaking it may cause bubbles. Will the price of Bitcoin be higher this time next week? Outlook good. Outlook good. The ball has spoken. Moving on to issue two, issue two, crypto ruined my life. The mental health crisis hitting Bitcoin investors, the stress and anxiety that goes with funneling your life savings into a volatile market is no joke. The article from Vice goes on to talk about a 19 year old who lost a good amount of money in the recent crash and felt that the market was going to zero. He's had sleepless nights and constant stress and anxiety despite only being 19 years old. He's now short tempered with his friends and many are wondering if Bitcoin and crypto is the easy route to wealth that it's been described or if it's a stress machine that captures you and your family in a never ending cycle of stress. Christian Routel is Bitcoin, the answer to investing are these people stressed for no reason or are they rightly stressed? What do you think? It completely starts with the problem putting your life savings into such a riskier. I don't also get the article like how can this be bad for mental health? You had a mental health problem before when you did that. So this is really a little bit where I don't get it. The other part I definitely get it day-to-day trading is an addiction. It drives you crazy and if you really have all your, even if you leverage stuff like you get credit to do stuff so this is definitely madness. If this is your world, get out of it, get help. The problem is a little bit all those younger people, these apps are on every day, you have it on your phone and then you have all the videos like this is an emergency, you have to trade, Bitcoin goes down. You get it from all sides. There's people earning money on this, the exchanges earning money on this, the people that influence us earning money off this, creating a false idea around you about that everybody is doing this now and when you don't do it, you're in the out group or something. If you do it in a more relaxed way, like you said in the beginning, you analyze it as something, you say, I think this is the way to go for six months or maybe four years, then you maybe can do it a little bit more relaxed and then and and again, don't gamble with your life savings. That's that's we did a problem from the beginning. It is quite something when they go all in on this and it should stress them out and if you think that's stressful, imagine leverage where like you said, you're borrowing someone else's money so you can have 10x the bet. You can also have 10x the losses and no doubt 100x or maybe a thousand x the stress as you're now truly borrowing and gambling with other people's money. Now, I know a lot of people do really well on leverage and all that but for me, it's always been that 1929 crash and I was just like, that's the scariest thing imaginable where you're up crazy in a stock but you borrowed all the money to get up and the next day, everything goes down, not, you know, and you had no way of seeing it. Everyone fell in that crash. Ben, Arck, what do you think crypto ruins their life or do they just not have a long enough timeline? This guy who's 19, he's kind of living minute to minute here whereas if he had a five-year time span, maybe he'd be 24 and have a little bit of a savings by then. I mean, it goes back to what you're saying before about these trading personalities. They know that you shouldn't have short-term time. We shouldn't be day trading. People get wrecked. They lose loads of money. But in order for them to be able to have a product which they can sell, such as a YouTube channel or their indicator or whatever else, then they need to continue giving you information and then that ends up becoming day trading and if they know that it's counter-intuitive to how you should actually trade, it always goes back to that Warren Buffett that the markets are a way for impatient people to lose money to patient people and it's completely and utterly true and your advice was the best. Wait five years, I, with people to me come to me and they say they want to invest in Bitcoin and they always say, okay, invest enough that it's going to hurt you, it's going to make you upset if you lose the money. It's not going to destroy you or annihilate you but it's going to hurt you. Now, don't go anywhere near it. Don't get tempted to trade with any other currencies, put on a hardware wallet, put it somewhere safe, wait five years, in five years time you'll have a decent, you know, you would have had a very decent return. But you know, if you were to taking the every year in Bitcoin as a metric, you'll do very well indeed and I think that's pretty sound advice but you can't then make a career as a trading advisor by just saying that to people because it's like a sentence worth of advice. So how are you going to, how are you going to rinse people and get money out of people? When it comes to the Bitcoin burnout, it is a real thing and we've seen with our friends and people around us particularly within the Bitcoin space. I think because a lot of us understand that Bitcoin is a panacea for a lot of the world's problems and it has immense value, we kind of go all in emotionally and we're like, wow, this is the thing which can actually make a difference and then we become Bitcoiners and for a lot of people has a very positive uplifting, you know, effect on them and their mental health and their self-esteem and whatever else. Then they invest some money into it, then their sense of emotional wellbeing is peg to the price which is great when it's going up because we're all like, jump it up a doubt, have a great old time and then when the Bitcoin price then crashes, everyone feels absolutely miserable and it's very detrimental to mental health. If you're willing to like get beaten over four, five years with these crazy price swings then people become immune to it. So I hate, I don't know because I don't invest in the thing but people become immune to it. But yeah, just be careful not to peg your whole life onto the Bitcoin price by a bunch, put it somewhere safe, wait five years, don't think about it, ignore the price, wait, keep an eye on the price but no matter what happens, you know, have your security profile so it's actually hard to get hold of the Bitcoin in order to put them on an exchange and sell them quickly for some shit coin, like put them somewhere, you know, your parents house or put them somewhere you can't really access them very easily or it'll take you a few days to access them and it's quite often, it's like it's two in the morning, you're freaking out about the price, it's dropping, you think it's going to crash to nothing, there's some other thing which is going to go up to, you know, it's going to a thousand decks or whatever you make told you about and then you get your hardware out, you plug it in, you put it on the exchange and you lose everything and when I've heard the story so many times with people but if you haven't physically got access to those coins then that kind of gets rid of that problem and you can, you know, be a bit more sober in your decision making but yeah, Bitcoin, this kid's 19 so he'll go for it, Crikey, but he shouldn't, should be day trading, never leverage and yeah, it's good article, I mean it's, I think it's important that people are more aware of Bitcoin burnout as an actual issue and a governmental health but Christie's also right, people are mental to get into it in the first place. It would be an interesting cold storage idea to dig down, like really deep where it takes you several days to dig it, then put your paper wallet or your treasurer or whatever in the hole, then fill the dirt back up and you know now that it's going to take you three days to get down there again. So if you're like, oh crap, I got to sell, you're out there digging for three days. I think that'd be a good plan and I agree with Ben the idea about putting that one message out there, like buy Bitcoin and wait five years, like it's not a YouTube channel, it's not like maybe put your mouth open and you do the thing and I think there's one guy that has done that out of myster, want to give a shout out to Adam Meister who's always like, you know, buy and hold and you know stack your sats and all that kind of thing and pound that like button and we should do it YouTube channel, we should do YouTube channel where we've got like the you know the thumbnails with the chart and then let's go on, let's go like this but then the YouTube when they press play on the video would just be buy Bitcoin wait five years. Well I know I was thinking about what useful show I could do and I was like I should just show up every day and tell them like buy Bitcoin like every day just keep doing it but I'm exhausted but yeah they do keep doing that it does keep going up and down to the right thing and just you know from personal example it's not that easy to avoid looking at the price all the time. I remember when I wasn't in Bitcoin and it would like it went to a dollar and I was like oh I'm so dumb I should have bought it at a penny and went to $30 I'm so dumb I should have got a dollar went to 300 and once I finally got some in the like 300 to back down to 100 range I checked every day I checked every day I checked every minute I checked all the time I made a YouTube channel started making YouTube's every day so I'm not exactly the right person to say like oh just ignore it for five years because obviously I couldn't and I still can't but that attitude towards the money and then if you split it up and if you didn't put your whole life savings in even though it would be fun if your whole life savings went up 10% or 20% or whatever but if it goes down 50% oh my so there's a lot there but I think you know giving the good advice and living it is different but we all have to struggle Dan Eve crypto ruined his life what about these 19 year olds and NFT founders what's gonna happen I think they made a good point about the the level of anxieties you have before you start getting into Bitcoin you know playing a big role in in how that how price watching kind of affects you and how and how it affects your mood like I started you know I initially started I don't I didn't have a good time time preference I started like trading stocks and then I was like this is too slow like oh 0.25% and then I was like oh you can you can buy it like you can buy with leverage so I was like oh this is pretty good and and so with leverage obviously you can lose a lot more and win a lot more and and then crypto came along and and yeah and obviously things went really mental because this was was back in the sort of mint pow days and and and things which you know walk into before I remember once I walked into the gym it was like super coin on on Bittrex in like 2013 and it just went and I was like yeah amazing and I had a really good like workout and then I came back out and I was like oh I got it slower than when I go I should have sold before I before I like I actually went into the gym but but like you know I've got a number of people into into Bitcoin and yeah some of the main mistakes I must admit was when they they became day traders like you know they'd be friends messaging me going oh I looked at I you know I started sub following so and so on on trading view and they posted this this good tip and they show you know they get the triangle out and they try and give it some justification and then other things like meta trader like people using meta trader and trying to get you know automation they're like yeah I bought this great automation package for 250 bucks and you know this guy you look at the signals and you know look at the previous chart and he got you know when it was red you bought and when it was green it's sold you know and and then they're like oh shit it didn't work out and and just holding would have actually helped out and and the people that did well out of it and other people that like bought and forgot the right they're like you know someone I got into it in 2017 like a friend in South Korea and him and his mate and one one day traded continuously and one just put it in there and was like oh well the ball runs over I'll just leave it in in Binance for example and then came back and was like oh I'd rich in in 2021 so you know that's I think the best tactic is as much as it's hard to not look at the price it does you know it doesn't not everyone affects everyone but you know I must admit even even you know now I look at the price and I'll be like oh it's you know that started off the day not so good and it shouldn't do because it's a ridiculous thing right it's like you know if it doesn't really have that much impact especially when I know because I say a million times to everyone that time frame should it's so important you know it doesn't like it's it's a couple of percent now or seven percent down or like five five percent up but over a period of time it's ultimately you know only up well don't take that as financial advice it's not only up but over a five four five year period it's pretty much proven um so yeah it's yeah just just try not to let it get you down don't like gamble more than you can afford to lose you've got to consider it is gambling if you put your money in the machine if you think about it like this not with uh it with bitcoins more solid but if you're gonna play with fire with shitcoins think of it as putting your money in the machine or on the roulette table and and you are likely to lose but if you win you know try and cash out into bitcoin and hold it and I can I quickly comment because I heard now from everybody kind of just saying like oh in the end it always goes up like and and this reminds me a little bit um on on what people told me about the housing market so you can not go wrong it always goes up so so I just want to say as much as I also see a lot of bright future for bitcoin don't take this as a proven thing I like what Dan was saying that the stock market wasn't fast enough for him and I've seen this here in Las Vegas you can play slot machines or you can play a video poker or whatever and you can kind of do it slowly and have your time with it because it's a video game or you can be really fast and you can lose your money quickly you know blah blah blah get those many bets in so it's interesting to see those choices when you're looking at stocks or you're looking at bitcoin things like that I think Dan you've got a good bumper sticker there with a bitcoin bought and forgot I think that's a good slogan that could be on our website and it reminds me of his websites where you go you know you you is it time to sell bitcoin.com and always says no it's like no it's not time to sell is it time to buy a bitcoin yes it's always time to buy and these are not very interesting youtube channels they don't draw you in with the the face and everything but these are still good advice websites and if like your friend who bought and forgot if they listen to them they'll do well but it's hard like no nobody here is not checking the price every day not reading the bitcoin news for 10 years straight or whatever it's been but uh still if you can do it we're suggesting it moving on to the exit question what about bitcoin do you still recommend it to your family and friends when your friends buy the top and sell the bottom when your friends go to coinbase to buy bitcoin and come back with lightcoin because it was cheaper when your friends get into bitcoin and then trade it all for some NFT uh is bitcoin a good thing do you have more horror stories of people who used to be rich and now are poor thanks to you or do you have great stories of people who bought the bottom and sold the top and and love you now would you recommend bitcoin to family and friends even though all the things we've been through Christian Routel what do you think yeah i i just recently had it because in the beginning i was talking too much about bitcoin and then friends told me to shut up and i respected it and because also meet them not because of bitcoin because we're friends right so um but then now from time to time I sometimes get it that some people come back to me and ask questions and then i recommend of course like doing some reasonable thing like like dollar cost averaging something and on small amounts adding something up into a hardware wallet i think that's that's reasonable not not going crazy there that again not your life savings don't don't change your completely financial plans but yeah like i encourage people to at least add it to the mix uh to and yeah that's what i do well and i had a friend write me recently on facebook and it was a good friend so i wanted to give her an answer and she was like should i buy this should i buy that i have all these altcoins now and i gave her my best predictions right i don't i try not to do it here i don't want to give financial advice and all that but gave her what i thought and at the same time i feel like i should have put something on it where it's like act on this advice within two days or the market will completely change and you'll be foaming or you'll be hating me or whatever it is because things were down then and if she'd listened and bought all the things and structured it or whatever it would be up now but what probably happened is she didn't act immediately because i'm not giving professional advice nor do i want to so she let it drift by and then of course the market confirmed some of the things i said and now she's probably kicking herself or not buying it so once again what good is it to give people advice if they don't act on it immediately and if they do act on it immediately the opposite will happen the market will go down you'll be a dummy they'll be mad at you it's very it seems just very stressful and dangerous to to advise people about Bitcoin Ben Arck what do you think are you still telling people to buy Bitcoin or at this point we can just preach to the crowd right we can just say hey you already like Bitcoin let me tell you about lightning you already like Bitcoin we got some cool stuff for you to do or something like that what do you think Ben? My biggest problem is being people you know because obviously I've been playing around with Bitcoin stuff like the technology stuff so I've known about the price I was thinking for a while and then my biggest problem is like friends family they then say you know because I I always had this policy of never tell anyone to invest in Bitcoin like Chris you know they would bring it up and then you'd tighten a bubble them and they stopped bringing it up and then at the time they would bring it up would be like gosh I invest in Bitcoin and my go-to thing was just like do do the research yourself make your own decision now you know after however many years they turn around and they say Ben why didn't you force us to invest in Bitcoin it's all your fault you didn't force us to invest in Bitcoin so now I say and I think it's good advice I really do like the bet is invest enough that if you lose it it will suck but it's not going to be the end of the world or annihilate you right because if it works and I think it will work and if you look at the data then I'm they'll probably come to the similar conclusion if they invest enough that it's going to hurt wait five put it in a hardware wallet wait five years then looking at all the everything which has happened in the the past history of Bitcoin that that that they they should do well from it okay and if they do do well from it they'll do something that will go a significant amount and it'll be a significant amount of money for them particularly the invested that that type of money like the big chunk of change however it could drop to zero the whole thing is crashing down and it'll be this crazy weird experiment which you know I don't know whether we'll still be doing this show maybe we were just for a laugh but it's always possible that I could possibly happen but if that does happen then it's not the end of the world you'll be pretty sad by it and it'll be one of those regrets to add to the little basket of regrets but you'll get over it you know for five years you'd be able to earn that little bit of cash back that little lump sum which you had I just think it's a good bet buy that much put it in a hardware wallet do not touch it wait five years and if it goes off it's going to go up so much that you you're going to do very well from it if it crashes to nothing and you know salivate it was it was a good bet it was worth worth making the bet on and I think that's good advice because I've given up on saying to people or make sure of decision just do research stuff in the block so you still come back you might have a go at you. It is an interesting one with the idea should you just force them should you tie them down and make them use Bitcoin and I wonder myself like why didn't I have a family meeting and have the whole family sit down here you get a Bitcoin you get a Bitcoin but the same thing would have happened they would have sold it to early they would have traded it for some magic beans something else would have happened they would have blamed me there's no way to like ensure that they'd be right and at at 300 or a thousand or whatever we didn't know it was going to 50k and not this quickly either and it was seemed like more of a measured thing and even then tomorrow could go down could go it's really hard to recommend to your family and friends these days Dan Eve what do you think are you still recommending Bitcoin? Well I always do with a lot of caution but and I feel kind of bad that with with some family members that got in touch in like 2017 I was like you know it was almost like panicking when they asked me because of the responsibility like with friends I was like by Bitcoin but with family I was like oh I don't know if you could be sure because you know it's a scary assay and it goes up and down you know and it's like that extra responsibility but ultimately there's kind of two things that I would say which is that it is is that do you recommend buying Bitcoin I'd say well firstly that I can't recommend buying it but what I'd say is that I'm not selling right and so you know make your own decision from that and number two if you if you especially in the shit coin it's sort of sector if if the chart looks like you wouldn't ski down it then sell and if I'd have just followed my own advice on that I'd be pretty pretty well off right now but yeah so the fact is that there's people that have one and people that have lost every now and then someone will message me and and say you know I did pretty good you know out of it blah blah blah which is like a real nice sort of you know message nice part on the back especially working at a finance company that you know I try all I did every day was you know from 2013 onwards which is bang on about Bitcoin so it was a good that a few people listened to me and I you know I even got like a text last year on it and it's just nice to know that someone listened and got involved but then there were people that that lost out so you know it's kind of it's a it's a win some lose some the end of the day some people are there they're kind of you know have their fingers on the trigger too much and they they they get the price let the price get to them and some people don't so yeah yeah it comes with a lot of baggage that's the one thing the other thing to say is that it comes with a lot of baggage I do think we need to have a more adult view of Bitcoin where yes you know we love it it's amazing I've said lots of good things about Bitcoin but at the same time it can destroy your family it can wreck your friends in your relationships you do have to be kind of careful about it I had a friend who worked next to me at purse.io and he used to say you know by a theorem and he was a big a theorem person I was big Bitcoin and he was like yeah you should do this you should come with me on this journey and I didn't and now he's on that big journey and I'm not but in the same way my friends who didn't buy Bitcoin at all who didn't buy crypto at all they're not on the journey that I'm on now either and this all comes back to risk you have to know how much you're willing to risk what you want to risk it on and that you are taking a risk when we bought Bitcoin early or relatively early you're taking a risk when you buy it now you're taking a risk when you tell your friends all these things such just about how risky people want to be and again if you don't take risks you don't get big rewards but sometimes you take risks and you lose it all so it's all about your capacity for risk and this is something you have to figure out for yourself so it's exciting stuff moving on check out the WCN Clips channel we've got brand new clips the clip in again over at the Clips channel talking about the FTX crypto.com commercial Binance investing 200 million in Forbes and remember you can share these clips with anyone you like right here on YouTube at WCN Clips go ahead and subscribe it's free on YouTube subscribe and hit the bell for notifications moving on to issue three freedom convoy truckers struggle to cash out Bitcoin worth one million dollars Bitcoiners jump to donate to the anti vaccine mandate protests in Canada but now they have to figure out how to cash out yes they donated to four experienced old school bit corners including BTC sessions classic bit corners but now they've gone to JW weatherman friend of the show and they've asked him for a plan to cash out the Bitcoin and this is where it gets a little dicey as vice magazine writes volunteers need to remain in a room until the process is complete with no more than one person leaving at a time to use the washroom with food delivered of course any devices must used in the process must be destroyed such as the printer for the paper seed faces phrases the printer is the single best device to steal because it holds a copy of all the seed words the document states the volunteers should work together to destroy the printer a list of equipment needed for the project includes large pliers leather gloves cutting shears the most expensive available a screwdriver and task trash bags to accomplish this purpose Ben does this happen every time someone donates Bitcoin every time we create a wallet must we destroy the printer and have a special hotel room monitoring everyone is there no more just general honesty or is this something that happens every time we donate Bitcoin because this is just the early phase of the process attempting to create paper wallets the second phase of the process equally complex handing out the paper wallets to the correct truckers and rewarding them making sure no one gets rewarded twice everyone gets rewarded once it sounds like a government they already need port of parties Ben why does this happen every time we donate Bitcoin obviously vice is making fun of us with the cutting shears and so forth I think it wasn't wasn't that like didn't they have like an idea for distributing these paper wallets and they were going to print them out put them in envelopes like do squiggles on the envelopes and then video it and then what's other crap and that was like their security measures and then I think what you what you what you what the problem there is that the big corners they can't trust themselves no no no trust problem already like we've already what you what you were quoting there was in fact the Bitcoin is saying well that's ridiculous because the printer itself is going to then hold all that data so if you're going to do that they were talking about a case odd unlikely like if you're going to do that you don't have to destroy the printer you have to do blah blah blah blah blah so I think the initial like plan to secure the paper wallets this is the thing in which they were making fun of but I mean it's it's it's it's it's it's it's mass donations to a large collection of people which you then have to distribute in a fair and secure way is a good problem to try and solve but like a good thought problem to try and solve and you're going to have these crazy solutions about squiggly bits of paper and destroying printers but it's a good problem to solve and obviously we can do it in a much more sophisticated crypto way because you know there's such things encryption and we could do something a bit more funky than that but uh no I mean it's it's a problem we haven't buttered up against I suppose and it's a problem which someone needs to develop a solution for and then they're talking about this solution out in the open and it's the same with all three and open source software and and and thinking and and contribution to QCC people coming together to try and solve these sorts of problems is he making the sausage in public and it's ugly and it's messy and you see loads of shit I guess and eventually a good idea comes up the other side um so I suppose that's the thing which device uh our call we're making fun of again love the fact that they were talking about satoshies um that each uh trickle was going to get like 10 million satoshies or something um and I guess that's credit to DJ Booth for having obviously having satoshies on tallycoin and now satoshies as a concept is getting out there into the world and it's been published in all these very mainstream news uh our calls and on these mainstream news channels as well so that was the thing I got most excited about uh but yeah it's it's it's it's it seems like ridiculous the talk about the printers and things and a bit tinfoil hat but actually it's they're doing exactly what Cypher punks did when they first got in the room together and they're saying well how can we exchange information in a secure crypto UA and they're coming up with these crazy ideas and solutions and airing things out and it's exactly what people were doing you know in nightie whenever it was when they first started playing around with this stuff well and I'm reminded of Peter Todd and uh what was the one where they smashed the laptop Zcash yeah they had the Zcash uh baptism and that kind of thing they created yeah yeah they created the new thing and then they smashed all the laptops and then all this and well I loved about that it's oh I loved about that it's yeah Peter Todd was like brought in then as a security consultant and it's video with the laptop and especially the laptop and then he spends years doing all these talks all these Bitcoin conferences saying it wasn't secure we didn't it wasn't done in a secure way because you can did it because you did it after they paid him to be the security consultant brilliant what appeared good job well it's funny to see sometimes they do take these measures other times like when Craig Wright was proving his Satoshihood to Gavin no measures were taken no concern was given any laptops fine any wireless access points fine you know put any magic you want in there uh between me and the truth Dan Eve what do you think about this is it really so difficult to distribute Bitcoin uh could we have some maybe donors where they just trust someone or is that not possible anymore well I think Ben made a good point which is that it is a problem that every donation fund that has to distribute the funds equally and fairly has and uh and there's always problems with that you know everyone wants to see where the money goes and and obviously Bitcoin's a more transparent way with lightning it's it's slightly it's slightly different um but uh maybe they maybe they um they thought of it uh they could have done it another way I was thinking right instead of sending people out like just putting the Bitcoin into different private keys uh and or seeds and then and then sending the people out maybe they should have gone to the front line and actually could uh like got the back the the I was gonna say the bikers the bikers the truckers got got and spoke to the truckers and and got them to set up the wallets there and then and the as in the truckers set up their own seed phrases and then they put that into a into a list and it kind of gets validated in that way and then it gets distributed at the center that way you don't have to give it out into loads of different volunteers um yeah and you could almost you know you could you could film the whole thing right and air or every trucker in order to be able to get his you post his public key with his truck and in in there beats the horn I don't know it's a honking thing right he could have honk the horn and had a had a QR his own QR code and then that bang that goes into the you know the database or not database but you know the list of people that are going to get the the Bitcoin given out so maybe um yeah I think it's it's a problem that that's that a lot of um people have tried to solve and I think they've tried to do it in in in in in a you know quite an innovative way the whole vice article seems a bit kind of a bit of a tongue-in cheek uh you know obviously um uh it kind of picks up on the fact that um the Jimmy Song tweet about saying if if you know they can't stop Bitcoin from going to the truckers then uh it will easily tripple in price and they kind of almost make a bit of a a joke thing about it in the end about saying oh you know if it if it works people will be salivating over the Bitcoin price when really it's like a it's really you know not a fantastic a test that you can just say you know that the oh Bitcoin's going to go up because of this because the you know it could if it goes wrong then it might go wrong because of the way the test was set up in this particular instance and how this distribution happened rather than a bit it being a failure of Bitcoin right it becomes a um like if an exchange gets hacked uh people go hard it's Bitcoin's problem that's not because of them it's the exchange they got hacked it wasn't Bitcoin they got hacked Bitcoin is secure is safe and blah blah blah um so it is prone to human error so um yeah if it was quite interesting the other thing that I picked up on as well on the article that is said like there were five people listening to JW Weatherman's like Twister Space I bet there weren't like they put at the time of writing this article they probably checked as soon as it went up and they were like there's five people quick that's at the time of the right and then afterwards it went up but they wanted to make it look like it was stupid and he was just trying to speak to like a few people um so uh yeah but the ultimately uh I think whether you're right we're against it or not right um the you know their cause everyone has the has the right to protest and um yeah I think it's very sad that people are having their lives destroyed by you know even just donating some there was there there was a guy that that went around took the list he was harassing people um some sort of like small time like uh journal or content creator for an opinion article site or uh that says it's news or whatever um and uh sorry I'm purposely downplay in that one it was messaging them and the people as low as he donated like 25 bucks and they've been docks right now they have multiple reasons for for wanting to support you know it may not be because freedom um they're picking up on the fact that freedoms are dog whistle for white supremacy and all all those like garbage articles that you're seeing but uh yeah I think it's just a sad state of affairs where people can't protest and they're being you know their lives are being destroyed now they're being fired from their workplaces because of the fact that they just they donated for a cause that they believe in their hearts was a cause right um that's the sad story but hopefully Bitcoin does help out um these people and it does become a good example of how Bitcoin is uncomfiscatable is it well I remember one time I donated for the siege of stalling grad but it didn't work out Christian roots will give these people some good news they raised 10 million dollars on their first fundraising site they raised nine million dollars on their second fundraising site both of them canceled the money disappeared they raised a million dollars in Bitcoin and now we're treating like it's radioactive nuclear waste need to be very carefully handled uh give these people some good news do you think they'll be successful in distributing the money go ahead oh well a really really hope so because basically Bitcoin first of all has done the job right so the it was a bitcom was able to collect money from I don't know over the world and now it's transferred there to the location now we just have the problem how to to distribute it on location I think it's not directly Bitcoin's uh Bitcoin's problem Bitcoin already softer thing the the question now you're trying to solve here is like how do you manage paid protesters and and and and for example handing out cash was always a bad thing right so it doesn't look good so uh so and as you look here I have my little uh antifargh card and it has a little chip and my maggot thrive so it's it's already much more convenient so I can go into a store after protest and directly cash out so but again we imagine Trump getting into getting reelected and antifargh gets a terror group in the US so they need that Bitcoin so so I really hope the truck is there can manage can can can find out the best way how to organize a paid protest that um thing and and so that in the future every other protest group that's out there can can copy it and improve it and and have an unsensible kind of way to organize paid protests exit question forced prediction let's fiat that part one works they go to the hotel room they make the paper wallets they smash the printers they have a really good time and they're ready to go will part two work will they be successful in distributing the Bitcoin to the truckers will the truckers know what to do with it will the upcoming police uh invasion which may result in the truckers having to move their trucks making it practically impossible to know who was involved in the protests will they be successful in distributing the money phase two then arc they should do I was thinking like probably like a nice way to do it would be how to have a you know just like a a a a keys we should generate it on like a front facing page because they don't they're not they're not holding this money like for a long period of time are they and if they are then they probably know how to use a hardware wallet um I think it's just for kind of immediate um uh you know to be used fairly immediately upon exchange solve for cash or whatever or um what was something to be done with it so you could have like a front facing page which generates um a nice address uh and a private private key and public key for them and if you could put on something like get hub to IO um and then you know it's not doing any funny server stuff and then everyone can verify the code on the actual get hub that it's not doing for it's any funny server stuff as well and you can see the commits uh so they could just go on this page generate wallet that copy this and put this somewhere really really safe um and then uh give the give the address to the to the donation and then the donate is can give them the money I suppose I'm still not solving the problem am I because this is actually the the distribution of the fun some cells I don't know um great you might have to create a government it might be a government situation great great great great point christian bitcoin did its job you know good luck hopefully some bitcodes will get involved and help but that's a great point christian bitcoin's already done its work so well done bitcoin true that we're we're out of there dan eave what about the second part will they be successful in distributing the money well I I hope so because otherwise there'll be loads of snarky articles about how bitcoin's failed even because they don't understand that bitcoin has done this job as christian said so like it's there'll be that the whole you know blah blah blah bitcoin failed and it'll be like they're all you can just imagine their faces they're sat there going oh it's a bitcoin yeah yeah they can all these dumbass fucking comments probably but just yeah I know this it will be like that so obviously I hope it goes well and I hope it doesn't end up like you know the the as they they leave I don't know they all meet up halfway along the way and then they get hotel and they're like well we use some of these sats to pay for the hotel and they get a hookers blown and then they'd have again another hotel below the way and then by the time that every every trucker gets like 10 sats and you know I'm sure that won't happen and I hope it doesn't but yeah no I believe I believe there's enough nice people in to bitcoin that they are wanting to see you know to do to do good so yeah I'm I'm feeling positive about this and I'm hopeful about it well I just hope they make lots of lists lists of everybody's drivers license and everybody's license plate and and we all get in the database maybe we can have a little ID card I was a trucker at the protest Christian what do you think will they be successful in part two distributing the money again the problem is distributing the money is an organization thing so this is the point where you get you're not a single protest is coming together everybody doing his thing now this is the point where you get an organization that's the fun with this business card right this is fake card so at the that's the really the thing so um no you will fail that's that's that's my problem so because the it was from the beginning it was wrong to put it at one one place and I think the organizational thing I think I get the idea how to how everybody felt one proper one one to support and all the things but I think it's not the way do we really want to have paid protesters so so do we really want to solve this problem I mean maybe somebody comes up with a clever solution but I'm not exactly sure if that's the way how we want to have paid protesting in the future like everybody just sends his money to somebody we see who can send the most money somewhere to have the most pressure group out there something for protesting for something I don't know um not sure if it's a future where we want to see maybe this is a concept not to work in the end in the distribution Thomas Thomas was it you came up with that la horrible dystopian idea where someone would have a camera on their head and then they do a live stream to YouTube and then they could hear or they could see like what people were commenting or something or they could see donations coming in and they would just walk around and then a donation would come in if like 10,000 sets they'd be like go punch that person over there then they'd just go over and just punch someone and then was it you said that it had like this horrible dystopian idea that seems really doable I don't know that that was my idea directly but yeah I think that seems possible doable and it's been worse because some of the youtubers are already doing that there's these that just for the attention they're like I do whatever Instagram tells me and then in the throughout the video they're like should I go talk to that person Instagram says yes and they bought across the street to talk to them so like a Hong Kong protest are doing an on such payments you know when then they get a thing coming up saying you know chuck that you know rocket so and so like yeah that's where it gets troublesome because if it's a fun thing like talk to a person it's fine but if it's inciting violence and hurting people and especially you know the way the internet is if the the prices go up it could be like proxy protesting though someone who's on the other side of the world could be like I'm gonna get involved in this thing I'm gonna protest I'm gonna hire someone to be my protester what's that it's a crypto anarchist nightmare that's even worse than those people that used to be paid to stand in line they want to get the new iPhone or whatever so you pay someone to stand in line now you pay someone to protest for you and then like Ben saying could be even worse if you incite them to violence with lots of money and again desperate people they need the money maybe even smaller amounts it's a market basically an auction and eBay for horrible unless a unless a dystopian version of that I think I think I might've discussed it before it came up on the show was like having the live camera thing but like being you walk around a museum and people will like pay you sats to go and look at a specific exhibit so someone will see like oh there's a there's a you know a fairer thing on the right hand side can you go up to that they'll give you like 20 you know 20,000 sats and you go up and you you have a look and you read through it and that's kind of a quite a cool thing so that it allows people to be to to go through and kind of live live go through the the museum or whatever it is the event without actually being there. You could do that I'd add all industry context couldn't you know be successful to V.I. had sats that I don't know industry oh yeah think ahead and then and then if you pay on more they could smash everything in the museum I don't know it gets dark every time I think we're going to agree with Christian here it was set up wrong from the beginning the distributed process would have been better but that's more difficult like we're saying once you're making a list and you're checking down these people you've pretty much become a government you're an anti-government protest becoming a government the irony itself will kill you I wish them the best I think it's going to be very difficult to successfully distribute this money and I'm horrified for the possibility afterwards of like you guys are saying like a Wikipedia where they have a picture of every truck and this trucker got his money and this trucker didn't and this trucker got it but says he didn't and the complaints and the hassles and you have to set up a support line I mean I'm not involved and I'm glad I'm not involved because it just sounds really sticky and really hard to do right best of intentions and all that Christian yeah more on this guy yeah maybe I'm again I'm not on locations so I'm very not a good expert to to maybe tell on set but I think what what maybe is a good idea was just to concentrate on charity to really take the money buy whatever's needed there for the people on location what is needed for the neighbors there that they can come eat whatever like that to really have and somebody should just come if it's really something to support somebody should there and say okay come on I will buy this food come into me and give me some of this Bitcoin for reimbursement and then this way you get get get the charity there and then you get the food there and this is how you cash out for just charity things and not for paying people maybe a think tank maybe a college college subscription fund or college sponsorship fund something like that I don't know it's very difficult once you've collected this money you have to do the right thing with it and I agree with Dan Bitcoin will be blamed if they fail if they give out too money much money if they give out less money either way it's going to come back negatively on Bitcoin but that's just because it's so fun and easy to write negative articles about Bitcoin moving on to issue four Warren Buffett invests one billion dollars in a Bitcoin friendly neo bank dumps his visa and master card stocks he's never been a fan of Bitcoin before but now he has more companies in his portfolio that have direct slash indirect exposure to Bitcoin and similar crypto currencies meanwhile at the same time Berkshire Hathaway that's the same company his Charlie Munger says that government should ban crypto says that Bitcoin and crypto are like vinauille disease he says it was a huge mistake to allow crypto currencies into the market he might be right it might be a Trojan horse eating and destroying all of the financial system he's made his life protecting Dan Eve what about this idea is Bitcoin and crypto vinauille disease and did Warren Buffett just get it well it seems like this could be a play from because obviously Warren Buffett's doing a potentially doing a Jamie Diamond like our Bitcoin fraud is the scam blah blah and then and then you know going and underhand buying and and and and he knows maybe he's maybe he knows that if Barthire Hathaway to become were to be seen as positive then you know it could either could pump the price and then and you know and maybe he's even more you know invested in the idea of Bitcoin and doesn't want to become a false profit if Bitcoin and then become negative about you know and not negative bit bit but after being in Bitcoin now once he's in Bitcoin if he's then negative it probably has more of an impact if he's just a naysayer from the outset kind of like how Tesla if you know Tesla is getting by accepting Bitcoin and they're not accepting Bitcoin had more of an impact than than if they just hadn't have accepted it in the first place I think so he's probably getting exposure to Bitcoin via this this new this is Warren Buffett via this new bank they they invested in easy easy invests which offers a big Bitcoin ETF so it's kind of like he doesn't want to seem too keen he's kind of testing the water Vintex not really his thing so he doesn't want to be he doesn't want to look like he's completely you turned and he's like oh Bitcoin's crap and then suddenly he's sort of investing in it so this seems like a kind of a light thing with Charlie Munger and that too that will chestnut maybe they're doing the good cop bad cop thing so like bit of good news you know Warren Buffett but you know is in or will barge a halfway investing in in this Bitcoin friendly bank and then you know they've got to counter it with with Munger I'll say Munger because it sounds like Minga which is a UK term but so Munger is playing bad cop and he's like yeah it's like Vinerages but why would you even trust that guy anyway the guy still uses he still calls stuff Vinerial disease so he's probably still using other terms like colored people and things like that so you can forget about what he says he's he's crazy and also they're like the he hates the successive Bitcoin it sounds like a hating the success of Bitcoin sounds like more of a I missed the boat statement like you know oh imagine if we'd have just put a million dollars in when it was you know even in 2017 when it was like you know beginning of 2017 was like 650 bucks you know they all the profits there who are a wobble wobble wobble they kind of had they could have quaffed with their cigars all night long so maybe it does sound like a bit of a miss the boat thing going on but he is also the the classic thing of one of the quotes is if you stop to think about it it's an ideal currency if you want to commit extortion or kidnapping or have a protection racket or something and call it untraceable technology it's not it's like the it's like it's public ledger so these people clearly still don't understand the the actual the the the bedrock of Bitcoin which it's it's an entirely public ledger maybe he didn't even read the story of what's the name the Razakhan the fact that they managed to catch those guys and and and it can't be very well hidden if they managed to if the if the the DOJ just managed to get what three points six billion dollars and and take it from these people because it wasn't in it wasn't stored offline in private keys or whatever so it's it shows a clear misunderstanding of the technology and ignorance about the technology that it's an untraceable thing so yeah it's it's almost just it's just waffle waffle you know old man shouts at sky Dan makes an excellent point when it comes to technology analysts I want the oldest guy in the room people still saying VD and clap stuff like that uh christian rizzo what about a Berkshire hathaway Warren Buffett their bitcoins biggest fans but they also think it's a venereal disease yeah this this disease thing this I think you need to be convinced then that that this wants to kill the patient somehow so and I don't get it because all those people just buying up this idea that Bitcoin will will will I don't know get rid of the state and and all this thing so why why why are they buying into this this is like giving the other people um saying oh you're right oh it's oh it will do that what you say that's definitely not proven so so I mean it's it's it's personally you always have to suppose sides the one said oh Bitcoin will erase the city other one said yes it will and this is why we need to fight it it's like are you sure about the the base premise here so um this is why I always have problems with those those those people like uh that using those kind of terms and and and and and asking for this kind of fight out there that I don't think needs to be there I think there's more I like to look at the practical possibilities there how things can work together uh and even like like something like Bitcoin out there can on the other side help to democratize democracy democratize and fear currencies more and take it out of the control of the central banks so Bitcoin fights again with with you against the central banks and once once that fight is won we can the fear currencies can be more demacortized uh and and be in a coexistence with Bitcoin Bitcoin becoming a checks and balances more like outside the system you don't need words like diseases for that so thanks so Ben Arck the Greeks built this really nice horse the Trojans are looking at it uh Munger says it's venereal disease uh Buffett seems fine bringing the horse inside the gates oh what do you think about this half and half no no I'm going full conspiracy on this because like Warren Buffett has been very outspoken publicly about Bitcoin and then in the sort of cool we see that actually his you know Berkshire Hathaway of which you know Munger is the vice-traumat enough um that they're they're buying up these uh Bitcoin friend these stocks and then they're dumping these legacy stocks so I think it's just a classic market play in which they outwardly like they're buying up things now while they're cheap they're filling their portfolio and then they're talking down the price as much as possible and Munger's just out there doing his thing you know it's a laissez-faire capitalist calling it you know equating it to harvesting baby brains and rat poison and whatever else one of them with ridiculous mud he can throw a Bitcoin and then on the in the back end there they're just buying up um Bitcoin and Bitcoin friendly stocks and they're just filling their portfolio and then they'll turn around and they'll say yeah Bitcoin's great and the price of the whoosh and I'll be cosy and as so it's just um my good market participation by them by them both and uh I wouldn't listen to a word they're saying you know like you know one of the reasons they've done so well is because they have that public microphone and they're able to influence the the price of things by by making these sorts of statements and why wouldn't they you know if they wanted to um uh then you know buy something cheaper and sell it for more later which is what it's all about in the end or some of the isn't it? Exit question what happened to all of Bitcoin's critics we used to have all these people who hated crypto like Jamie Diamond and CNBC and other things now we have crypto NBC we have Warren Buffett investing a billion dollars while his other hand is angry at him Dan Eve where all the crypto critics wrong are they all going to come to the light? Well they realize they they will be eventually um it's you know it goes back to the same thing about people saying that the internet is bad the internet is only bad it can only be used for bad and now it's this the you know it's this huge underlying infrastructure that connects everyone around the world and although again it can be used for nefarious things ultimately there's a great good you know especially e-commerce and and communication like it's just been incredible people can speak to their families in real time with the other over the other side of the world and see them and and you know uh and that experience being with them without actually being in the same room and Bitcoin is the same thing it's it's a technology that gets abused by some and gets used in it in a normal way by others so it's just a matter of time before these people swing round um and yeah they're just afraid they miss the boat it's the information super highway you can play mortal combat with a friend and Vietnam Christian roots or what about it? Have they got no Bitcoin wrong all the time and now they're coming back to the truth? I think they they um they have years to play their own right once you establish yourself as a critic and and the thing gets more into the spotlight and it gets more into the mainstream there of course there will always be stuff uh that's that's that's will be horrible to report about it and then you can always be the one guy who still I always told you and and and all this thing so we will all see and those people positions themselves and maybe sometime some retired or maybe get get easier on on on on the tone or something but with basically think some will just play the rose through until the end and and and maybe soften down sometimes a bit always find other stuff to go for but they always be the counterpart to to again syscaptic in the room so to say but playing it in in very very consciously it's like those theater masks once you put one of them on your your mr happy or your mr sad forever and you never change then arc what about the critics they all seem to be coming on board are we going to have enough room in the horse? Like it's like the well as Bitcoin grows the ecosystem grows and it's it it grows as a as a technology and people are using it it's gravity gets stronger pulls in more and more people it's like um you know and as they try work against that force then they just inevitably get pulled in as well uh and I think it's just a never just a time matter of time it's inevitable um and then you know I can't wait for the day where it's it's no longer like a cultural decision where it's just like oh this is technology and we use it in the world like we use the internet and it's just a thing you know like um and uh yeah I also can't wait for a lot of Bitcoin as we lost along the way to then come back to Bitcoin as well um and similarly I think they say things very publicly which you know on one hand I'll say something publicly but their actions will be contract contrary to that so I hope see a lot of the Bitcoin as we lost come back to Bitcoin and I hope see a lot of these critics of Bitcoin has come to come to come to Bitcoin as well as they will in time as the gravity gets stronger we're running out of time heading towards the end of the show dan eave a prediction but are we going to do story of the week as well yeah after prediction right okay okay so my prediction is that is that is that Rottesha aren't going to be in vain next crack net edu crane before next week's show I'm going to have to reevaluate it at next week's show but I think they're not going to in fact finally an optimist Christian roots or a prediction I'm very bad on prediction so I do the stuff that I can predict and those are kind of announcements of two things like there will be an lightning hack day in eastern wool next week so um and um I hopefully will be there and hopefully to see a lot of people there so we have a good time so and the other thing is there will be a rest people it's released 1.72 that's kind of in the last works of preparedness so that's also something that should be out there for hopefully for end of weekend or beginning of next week so that's my predictions excellent predictions they seem likely to come true Ben arc prediction my predictions the same is done ball I'll be there hopefully um I like the way Christian put their caveat in there because they were sort of stable these days but hopefully we'll all be there in eastern bull uh for the for the hack day we're looking forward to it I've got a massive box of these um points of sell things which I'm going to be doing a workshop for and um yeah really looking forward to that um I've got like 25 which I'm going to be taking doing workshops for stuff be fun and also I've been doing probably some like sessions like individual sessions maybe playing around with Ellen bits and maybe like a breakout talk about Ellen bits and all the updates we've had a Christian are you pulling the for the new update of Rusty Blitz you're going to be pulling the latest Ellen bits legend Ellen bits the 0 6 0 the legends yeah yeah can I might put another tag if I've got time to like put another tagging because we had like a roots cup this week we had a boat tank there's some really nice PRs man like um we had an issue with the lnd hub extension which is one which a lot of us blitz users use where it um it pulls in uh when you use it with like blue wallet or whatever it just pulls in all the transactions of a wallet and if you have loads of transactions it just it's just slowly serving right down so cally putting a um so yeah a couple of big shout outs for some contributors on lnd bits as well cally and tia go they've been doing loads of this week just had like a barrage of amazing PRs um so I'd really like to try and squeeze those in it it's the same it's all you've got to do is change hopefully you change the tag and that's it because uh that's possible is that possible if I changed it if I put 0.7 tag okay I just quickly say basically it's possible call me after the show okay i'll book you after the show all right um and yeah big shout to cally and take out and um wait there that's a story of the week that's a story of the week oh we'll do that next uh but uh it sounds like a great conference of totally envious and as they might be giant said if you have a date in constant to nopal she'll be waiting in istan bull dan eve uh you ready with the story of the week go ahead Dan um well uh uh uh well okay now because I was I was hoping the story of the week was first so it lacks it reduces the comedy effects but the cut the the story of the weeks and my prediction was that russia isn't going to invade Ukraine and the story of the week was that apparently room blue and bucks said that russia did invade Ukraine so uh yeah but that but I hope that everyone settles down that you know that that it all gets resolved and uh and yeah we can we can move on and onwards and upwards and kind of everyone just all get along my optimism ruined already dashed on the rocks christian roots all story of the week what's going on I think what what last week kind of I think the most interesting thing found the thing was the interview that peter mcormick did it was twilight cross uh about the idea how to kind of green your bitcoin investments uh i think just to quickly sum it up it's like so you you hold a certain amount of bitcoin so this is the percent of all coins out there right so kind of that percent that you hold everything that's mining is going on is done for your security of that coin so so what you should do is like you should from your investment that you have in bitcoin you'd simply go and buy a share from a mining company that shares uh with green energy and uh so so you make sure that that the security uh for your bitcoin is mined in a green way and if everybody does this we will see big boost in green mining and uh we will drive those fossil miners out step by step so because every hash mind uh with renewable energy it makes the competition harder for for for cuts into the profits or fossil miners and now we like this concept is what was nice to get get this to see this now recognized so so in a big uh public space so we deep all for it and I think that's a good good good good way to go i think since we've met last i read bill gates book on climate change so i'm warming to the idea of carbon offsets funny joke and also i've noticed on google flights lady lately they've started adding how much carbon your flight will have so if you go on a shorter flight it'll have less carbon things like that and that you can then purchase the offsets uh i would also take this chance to uh inform christian of the next horrifying fiction book he should read it's called the every by david eggars it's a sequel to the book the circle which was made into a movie and the circles kind of like facebook and it's creepy yeah then the every is like facebook merged with amazon and now it's really creepy and uh he just goes through idea after idea breaking your back i could horrify you for the climate change thing there's a group called a ys are you sure and if you sign up every time you purchase something like a hat they'll say you could get an environmentally friendly hat for this much more and if you agree with them and do the right thing that are you sure success you get more points and if you disagree pref comm comes in and pref comm is more of the stick whereas a ys is more of the carrot and this is just one of the horrifying ideas that eggars just casually throws out there as uh it's kind of a spoiler but they're attempting to destroy the company with bad ideas right so that's kind of the book and every single horrifying facebook amazon related idea that you've ever thought of is in there in great detail and i don't want to spoil it too much but part of it is that the worst the idea the more the public loves it and the quicker it's adopted so this is a horror story for anyone into freedom and individualism and those kind of things but it's also something where you arm yourself by reading it by reading it and thinking about these thoughts maybe we stop it at the same time maybe zucker burglary's book sees it as a manual we don't know which way it's gonna go but shout out to eggars a fantastic book i tore through it the every by david eggars you can watch the movie the circle you could read the book the circle don't really need the circle but uh great book i think you get a kick out of it so thanks i like the circle so definitely have it on my list thank you oh i tore through it i didn't it came out during the pandemic so i didn't catch it and then as soon as i knew it was available i started reading it and 600 pages a couple days later it's done so it's very fast i mean i'm angry i'm angry the whole time i'm reading i'm reading with anger but at the same time he gave me all these great ideas that i'm now afraid of ben arke uh story of the week go ahead that every i'm gonna look it up see if there's an audio book because um uh yes i was like listening to story but when i'm working on the working on the house um and uh yeah no uh carbon offsetting i'm surprised that a bit quinoa it hasn't integrated some option i suppose maybe we'll be afraid it will annoy bitcoins but to have some sort of carbon offsetting option i know carbon offsetting isn't perfect like there are issues with it like uh there's been quite a lot of studies that the um the schemes because i mean it's for a company you know like uh text calls something and they can offset carbon just by theoretically paying some money and getting some carbon credits was taken then used to do horrible things over here like a lot of the the schemes which go into the carbon offsetting industry aren't perfect and there are some flaws in it um so i really like christian's idea of actually direct action which is what us anarchists are all about isn't it where you literally just go and put your money where you mouth is and you do target those green uh miners directly i don't know if that's possible to do as a wallet feature in a wallet um could be interesting could be interesting people was but i don't think you can like select such a thing and pick one i don't know um well it sounds like mccormick has a great show on this so everyone should check that out get more information about this idea green mining and so forth yeah um and then i've been thinking about the proxy people uh the sat's back proxy people you know what you're going to use in the uh for protesting and i was thinking maybe in the future in wars i'll be mercenaries and they'll have like a live stream because you know like countries like to do proxy wars pretty soon everybody sat behind their computer want to be a proxy soldier so they'll be doing a live stream to some uh soldier and i'll be giving him like tips and donations and then get them all wrapped up so they'll run into battle and they'll be watching it on a on a camera so it's like this dystopian thought for the future uh i don't know been i hadn't even horrifying thought right there what if all the team was like a red army and they have red lights on their helmets and they're attacking but then you come through with your money and you buy them all out they turn around and they become the blue army oh my god what a nightmare this bloody yes this is like i'm on Charlie Munga side i think we should start this bitcoin stuff immediately um but my own story of the week is the the amazing PRs we've had coming into Alan bits from Kali in uh take on we just they're just i don't know it just feels like the project's really ramping up which is nice um and it's becoming very stable now which i'm enjoying a lot um and uh also on bitcoin POS which is the thing i showed you before which i'm going to be doing tutorials for in uh Istanbul uh i just added candlehater who's a you know sort of well-known bitcoin troll i just added him as a um uh a contributor uh no sorry uh committer to to the project as well because he's putting some great PRs and he's going to be contribute he's been contributing really nicely to the project uh and then black coffee as well he's been working really well on the project so a big shout out to those contributors on those projects i think it's it's amazing it's great um and uh i'm very grateful the projects are a much better for those people contributing and uh get a cart weight secrecy in Istanbul have a few bears play with some bitcoin nonsense um and then pretty shortly afterwards we're going to be in London aren't we for a fancy bitcoin so big shout out to a fancy bitcoin that's about another week after that as well so yeah a couple of bitcoin coming up for us as back to back but yeah that's my story of the week very cool and if you're in London you should catch the new stone hinge exhibit at the British Museum it sounds very exciting they have uh items from all over Scottish items other items were brought from other museums sounds like a great show unfortunately i think they closed the hocus-size the wave uh which was only available during the winter but there's other ones open till july so lots of chance to see stone hinge at the British Museum five pounds or free uh but thanks again to everybody for uh joining us be sure to give us a thumbs up down below and subscribe thanks to all our guests and i give us a comment what do you think about today's shows you have an opinion or an issue let us know we'll read it in the comments until next time bye bye