The Bitcoin Group, the American original, for over the last 10 seconds, the sharpest Satoshi's, the best bitcoins, the hardest cryptocurrency talk. We'd like to welcome our panelists, Dan Eve, the crypto raptor. Happy Friday. Martin Wishmare from General Bites. Howdy, howl. Ben Arck from LN Bits. Morning, good day, good evening, good night. And I'm Thomas Hunt from the World Crypto Network, moving on to issue one. Issue one, Bitcoin price surges on Biden's crypto executive order. Crypto currency advocates celebrate the order while skeptics see it as a step back for regulation. Meanwhile, at the same time, Bitcoin drops below 40,000, almost wiping out the gains from Biden's crypto executive order. Yes, the political classes here and they're ready to regulate Bitcoin. They've started with a new crypto order from Joe Biden. Dan Eve, what do you think about the new crypto order? And it's amazing effect. First, driving the price up and then driving the price right back down. Again, like it just seems like it's, you know, they're trying to post a tribute something to, to, you know, to affect the Bitcoin price right. Some people see regulation as a good thing because if you're, you know, you're either regulating it or you're banning it. And so if you're not banning it, then you're regulating it, which means you're not banning it. Right, so that's kind of a positive thing. But there's so much turmoil happening in the world and yeah, people don't know kind of, I think, you know, the stocks are very jumpy at the moment. I just think that, you know, saying it's just you to save the, you know, the Biden regulation coming in. I'm not sure, you know, if it's, if it's just attributable to that. But ultimately, you know, there has been a golds, obviously, surging right now, which is, you know, the old standard. There's, you know, maybe the drop is that, that, that, that people are worried that Russia is going to be using it as their own standard. They've been obviously adopting a lot more gold recently, like them both China and Russia. And so maybe, you know, some of the drop could actually be due to people worried about it being Russia suddenly starting to use it because they're being sanctioned everywhere. And they're like, oh, actually, this could be a risk because then, you know, Russia Bitcoin could get sanctioned right there, they could be reactive to that. So I don't know, it goes up, it goes down, they go sideways, but ultimately it's. Oh, this money. Yeah. There's also been a lot of action in the US stock market, seeing the Dow go up 300 points down 300 points back up 500 down 500. There was at one point they thought there might be a peace treaty with Ukraine. The market celebrated that and then had the rug pulled on them the next morning. So it has been a very exciting time. Martin Wismair, what do you think about the regulation and the market effect? Well, I'm, yeah, as Dan pointed out, the there has been lots of turmoil in markets globally because of the Russian war and Russian Ukraine war. Sorry, some people call it conflict, but it just a war. And I'm not sure if Biden's executive order made any impression on international markets because personally I couldn't care less on this side of the point we don't have Joe Biden. We have other things to worry about. And yeah, I think it's more that the market is shaky anyway and crypto response in more shaky way than anything stock market. So yeah, regulation in itself, I think it's quite unavoidable really. The moment Bitcoin value went up and this is where the regulator started paying interest and you know first that love that us with our toy money and then all of a sudden it became a real thing and how they want to regulate it and they want to prevent people from storing it in self hosted wallets, whatever that means. So yeah, regulators will be regulators and you know the people from that issue the centralized currency wants to rule over the decentralized currency, but I think this war in crypto war as such is not over yet and we'll see time will tell. The regulators are here it's all over then arc what do you think we thought the crypto war the original crypto war against the US and UK when it came to cryptographic code not being allowed to be used by free people. And it's similar with this so the CBDC proposals from the Fed and from all these central banks. That it's just a way of them trying to you know finally recognizing that the world does need digital currencies digitally native currencies. But I mean Bitcoin is so long in the making to it out today. The how thinny thinking about digital currencies 40 years ago like it takes a long time to get to where we've got to. I think if anything with the Russian crisis what what it's called taught people for you the Ukrainians and the Russians is that you can't have centralized services you need decentralized services you need services which can't be taken out by the political system which exists at that time. And I think more and more normal people are kind of understanding that these this is very important and this is one of the I mean Darisett good things come out of all this conflict is is everyone realizes that you know how how how delicate access to certain things are in our digital world and how the best way to prevent against coercion and corruption by government is just to have it in existence decentralized way. So the crypto I mean the government finally looking at cryptocurrencies in a rational way and doing an actual study of cryptocurrencies hopefully they'll dive deep and understand that Bitcoin has all these use values and is very good for the development of all these industries and can bring a lot of investment into their country. What I hope they don't do is that is use see as a threat to their CBDC and then try and climb down on it I mean hopefully they'll say that look like a additionally native dollar could be a very useful thing for people if it's stable and people couldn't use it but they by doing that I hope that they don't then think see the Bitcoin as a threat and then attack Bitcoin was regulation. All competitors are threats and it is interesting to see how all the kind of short-sighted or bad decisions made where the original internet always come back on the users they didn't mask all of the location data they didn't encrypt all the traffic they're like no one will ever scan all the data for locations and exclude locations no one ever scan all of your traffic to see what it is and to really put it together. And you know it just it goes to show that if you have a bad plan you have to have a tight plan in the beginning you have to encrypt everything for the beginning and I know phone calls exciting but we talk about regulation all the time here almost every year and once again we have to go back and say the same things that you can regulate Bitcoin on the ends of the network where the fiat goes in and out but that's all you can regulate so this is going to be very unsatisfying for the regulators the other thing. The idea that the regulators could say hey this is a Russian account don't deliver any more Bitcoin here or conversely this is a Ukraine account don't deliver any more Bitcoin here they're not going to be able to get that level of fine grain regulatory control this isn't like a new market like E gold where they roll into the offices and they shut everything down and they're like this is over this is a new market like they roll into the offices and the guy say hey we don't run the servers and it's actually true it's not just like a front. Yeah we can't shut down all the servers like sure we shut down all of our nodes and we turned off all of our computers here but the Bitcoin thing is still running. And this is going to be keep being a problem for them they're going to overstate it they're going to say this is the crackdown this is the one where we're finally taken control of that money back. And then it just keeps failing because it comes back to this core idea we talked about thousands of times about how. You have to shut down the whole internet like the internet that everyone else uses for commerce as long as that exists will find a way to get the Bitcoin transactions out there across the network will find a way to disguise them as Andreas used to say in a cat pictures joke images there'll be Bitcoin wall it's hidden inside like this will be an ever ending cat and mouse game that they will lose. The way that they lost torrents and they lost Napster and MP3 and so many other things but it's fun to see them grass bad it get really excited and all your all your friends that watch the financial channels are like yeah they're finally regulate you new you now Bitcoin they're going to come get you I'm like they still can't like I know you know you know novice understanding of the system then can make the other like is it over there are points of failure so I'm I was speaking to. I work I want to doxin but very prominent good productive Bitcoin working on the development side he's also Russian and i was discussing in Russia like because he's working with the Russians to Russian civil civil unions because obviously this certain points of the where they can literally just block off parts of the internet in Russia if it's essentially controlled and then as well as that they can sniff for like you know there's standard ports which we're using a lot of our software. But it's that classic who is the quote that the internet finds a way around censorship or something it seems it is a bug and fires ground censorship is it Gilmore the site of point Gilmore guy I think it was there's a great quote about this but yeah no so there are certainly points of failure right now and the tax which can be done but it just hard and some strength as our shit like it's anti fragile every time there's a new environment which Bitcoin has to exist in. And it gets attacked then Bitcoin fires a way to work around those attacks and and that's generally overall a good thing. It was Gilmore and it was the net interpret censorship as damage and routes around it. Ben just mentioned this certain ports that the Bitcoin notes run on but from what I understood maybe it changed over the years but back in the old days you could just change port 8333 TCP traffic to anything else and then run over a different port to bypass traffic or like the most of the umbrella notes do now. And so in the past few days they just route over tour and everything is done over tour so as long as tourists are operational and not blocked. You can use it from tour let me list the let me list the concerns block explorers okay so. A lot of this is one point oh software where they put it out there with the ports and it doesn't change but they can probably put out a new version where it constantly changes the ports like they don't want to it's a big pain in the butt but these. The current the current the current issues are block blocks block block explorers or any of the websites they can block a tech Bitcoin knows by monitoring common BTC ports yes you can change ports but people don't. Ask people to show content on their phones and computers they can just stop you and welcome into a house and then and take control of your computer breaking to people's houses and they can isolate the whole internet so yeah we go and I like in Ukraine. So we can fix we can find those. The Umbrell note you can install the apps and one of them is like a block explorer the several block explorers and they run by over standard out of the box one click install over a tour so you have your own block explorer you're not depending on somebody else's block explorer and because it's a tour hidden surface it will be extremely hard to block it provided tour is not blocked because in some countries tourists blocked. That's so this is the way around it yeah having to look on your phone is an issue but I remember from the old days I'm not sure which wallet it was but it allowed you to be have a hidden wallet that didn't show up in the app icons but you had to dial this number with star and then it's sort of like pink code and then a pound sign on your phone and then it would pop up. The wallets so they're a way so hide it if this becomes more common that they want to crack down will it will also become more common that will people will just hide it personally I don't use any third party services I run my own notes I use pharo to connect to my own note over tour I use my own hardware wallets to connect to pharo and I do even do my own fee estimates using use my own notes so. You know instead of just using Bitcoin it will gradually help people to become Bitcoin and you know and then problem solved. I did what about alternate networks like the block stream satellite and so mesh network I wonder how the how the blocking can happen on a mesh network yeah i'm not a fanboy of Elon Musk products so yeah the styling styling stuff I did ask about the tour tour I asked this. I was thinking about this. This was your Bitcoin about the tour things that the touring Russia is partially blocked answer and exit notes are monitored but you said that you talk with it on your links he thinks it's pretty safe so. tour exit notes are you can't really trust them but if the end point is on the tour network you never use the tour exit notes so that makes it safe so so if you use use your store for your tour links and don't use any exit notes. Then you're pretty safe tour has has had a bit of a history where many exit notes were located in Langley Virginia well I don't know anybody who lives in Langley Virginia except the US spy agencies so they were just running a whole bunch of exit notes and monitoring traffic on it of course I do that you know if I got unlimited funding but yeah tour you should only use tour of to access tour sites in my opinion. And then you're okay you're safe but don't don't use it to to to few anything on a clear web but this is an interesting topic I think we should get back to this in the future episode where we you know highlight the risks and work around for you know privacy on on using Bitcoin or basically anti censorship and I could bomb proof. I'm using Bitcoin when you haven't got internet or electricity like how do you speak going about how you know in like the crane fast possibly crane can solve it you can actually mine using using a pen and pass. Yeah so Andy me else is asking do we expect to see Russian has straight drop off as as they try to disconnect the internet but I don't see that happening because as they're being sanctioned more and more you know they're not going to want to cut off revenue streams from the rest of the world. I think I've got other things on their minds yeah. Yeah I would be another one of those lean on Bitcoin ideas where you say hey Bitcoin you should block all the Russian blocks you know because we're blocking McDonald's we're blocking KFC we're blocking all these other things so. Yeah that's a work because if they if they found the block they found the block it's it's not going to be you can't just block another new block I mean it's just I don't think this is it's it's not a book it's a feature I think. So you'd have to go around the world find all these developers get the developers to put the code you want into the software to block the people and then people will ignore that new forked version and we'll keep using the old version because there's no consensus and then nothing will change this is I think you know it's it's yeah. That's a hard part there you have to convince people you have to have them understand that you would have to force a worldwide minor consensus everyone would have to agree we're going to run the new point three software that has all the spying stuff in it and we have no choice and if anyone stayed behind on the point two software without the spying stuff they would have their own network their own Bitcoin and as long as that decision kept happening and they keep getting blocks on the old network the new networks you have a hard time replacing it and saying that it is the one yeah. You see that like what happened with a theory met the time on the D.H. D.A. O. got hacked the that on arrival on our digital autonomous organization. It got hacked and then they forked and then we had Ethereum classic and Ethereum Ethereum and you know the old one doesn't die okay the price went down dramatically but I think with Bitcoin it will be the other way around people just stay on the old chain and there will not implement us new surveillance features. I never was into like WWF wrestling but my favorite thing of the split from Ethereum to be classic was that that mean with like Vince McMahon and it's like immutable and he like falls off his chair like comparing a classic to Ethereum it's like my probably one of my favorite crypto memes ever. The instructions for the Dow work to remember this is the instructions for the Dow are only theory website for like a month or two before someone made it so it's almost like the thing foundation like you can make this thing here's instructions to make it someone else make it so we don't take the blame when it all fucks up and breaks and then inevitably broke. We'll still reverse the chain right. We'll still reverse the chain. It's all because of your fight whatever not so decentralized. All right back to the topic I do think that it's interesting how people will have to change their habits like you're saying if someone stops you and wants to look at your phone. It's not that difficult to have one of those websites like back in the day you push a button and an Excel spreadsheet would come up and it looks like you're doing work you can have one of those your phone with a whole like fake world inside and normal emails and all that and then you go into the super monkey ball app and you enter three five two oh seven. It opens up your secret phone and it sounds like you know James Bond spy stuff for that would be very easy for normal people to start doing that if they have to and if they're provided easy tools by software developers and other things to get around this but I could see people having to have very different habits to continue to use Bitcoin but Bitcoin continuing and the other thing to note is that and we say it's all the time this might be the high point of access to Bitcoin this is the golden time you can take it. You can take your ATM card maybe even your credit card your bank account your existing system and you can buy and sell Bitcoin and other crypto currencies etc etc just from your accounts it's very possible that they say oh well we're just not going to allow that anymore and then it goes back to like a black market thing you got to meet somebody at a coffee shop and then they shut down that website because they pretty much already did but of course they'll they'll have a P2P matching website with a P2P reputation system and you'll use that together. You can get your Bitcoin and if you get your Bitcoin then you can buy what you actually want and as long as they're standing in the way of a market that wants to buy something that they want and you're saying you can't buy it with you know government cryptocurrency you can't buy it with dollars or cash if that exists as an option there's going to be an alternative payment system it's going to be Bitcoin so. It's also good for I mean I also I want to give props to there's a lot of big to coin exchanges you had a lot of pressure from some of the right wing types on banning Russian users from using their exchanges and a lot of them were like no because these are predominantly civilians who. Very possibly very much need access to Bitcoin right now we should definitely not be banning it so a huge props to coin base you know they didn't they didn't bow to public pressure crackings while they have about to public pressure i don't know about the rest of them but yeah props were props to you but it's also a good drive for why we need decentralized exchanges as well so again it like pause energy into building those services for people so they can. Then circumvent regulation. It does say that coin base has blocked 25,000 Bitcoin wallet addresses linked to Russia. All right props not to not to coin base then but to cracking yeah I'd hold back on that one there but it is interesting to see how the war and etc are affecting the. In fact I get to I don't know if this is public or not but anyway cracking i'm just going to say cracking they've for for for for their Ukraine users who they know are definitely Ukraine they've adropped them like I think it's like a thousand dollars with a bit of something yeah it's public yeah it is public yeah that's pretty cool. It's it's cool but is it you know it is is it a bit of a publicity thing obviously it's very nice I think it's more like they want to try it. I agree with Danny you know I think many companies are using the whole war as a publicity stunt and I think that's wrong it's unethical you know yeah it's like the only like the only fans that are saying like 40% off foot so you created people yeah. I did speak to one of the cracking core guys and he seemed very impassioned and I don't think it is just for I mean I understand what you're saying obviously like with these private companies you can never trust them and quite often they do shit which is literally just for press but I do think that they they're they're making a stance and trying to help in the way which in which they can so. Crack crack crack in core I thought you said crack core guys and I was like that's that's incorrect there adult people on only fans you can't call them that. Yeah it's nice to see them doing that but it's also worth reminding that crack and still hasn't adopted the lightning network. I saw a great post on Twitter this morning where guys that develop and he was like asking Jesse or somebody was like which one of these positions do I have to apply for to build the lightning network at crack and and the results were mixed people weren't pleased with the crack and interviewing process and so forth it didn't seem they were quite serious about lightning. What moving on to the exit question compete against the Bitcoin predictor ball yes the predictor of predictors prognosticator of prognosticators the greatest source of knowledge in all the universe the Bitcoin predictor ball martin wish mayor will the price of Bitcoin be higher or lower this time next week. I'm just looking at my stats let me see. Oh I think we're going sideways is that an option I can. Is that said sideways or push is considered the weakest of all options almost like not even making a choice yes. This is the reality perhaps is unless you're within unless you're like you get it to 0.1% you know either way and that way that's very ninja that's a good prediction right if you just. I thought for a second it's going to pull out like a real crystal ball like a big one and start I'm just look at the competitive eight ball and get the answer that way. What I have here out of the beard. I'll say it's difficult it depends a bit on on the war I think at the moment it's but I do think that people it will take some time but eventually price will go up you know it's difficult I will trust the eight ball on this is better than any analyst I've seen on the internet so far. The beard is conflicted the outlook is cloudy even through the. Then you hire or lower. Okay so I am happy this week is because my two predictions last week was that there would be a Bitcoin would go up and which I'm not that fast about this gone down slightly but I also said there was going to be nuclear war so because it was reverse psychology with the universe. And I won because there's no new nuclear war yet so I will say that the price will go down next week because then it will go up so everyone put your lungs in. There it is finally reverse psychology paying off Ben arc higher or lower. I think higher but can you can you enable screen sharing so just want to show what I've been working on stay very quickly. Oh, how do I do just let's stop oh yeah that's that one yeah I'm on the right thing oh yeah so I was making an eight ball extension for Alan bits and then I got you to send me all the different options so why hope to and I hope I'll roll it out in the next like next week it'll be see how. I'm going to do it. You'll have an Ellen your I'll pay and you'll pay it and then as the receipt you'll get a magic capable thing which says something just a random magical thing and I was going to try and use the RNG stuff as well to make it like truly random but I haven't finished I wanted to finish it for the show but I haven't finished so I've been working on that today so it's pretty cool but yeah higher. So you could also do you could you could you could fork that and do a fortune cookie version well and when you go into the extension you can actually put your own wordless thing so I was thinking I was thinking battleships because this is something we talked about for ages like playing by playing battleship so you pay it and then you're I'll pay and then it goes to your opponent and then you get a random you know coordinate for your battleships thing or something but yeah absolutely. You can change the point is you can change the things but default it will be a magical and then random. What was. Sounds very cool one of the first programs that I wrote for the TI 82 graphing calculator was a magic eight ball program. Mine was pretty normal though I just had bit map images for the eight ball on the other side and then my friend who is much smarter and better at programming than I he went in and made it all like geometric so it would draw the circle and it would fill in the area and everything and it's safe so much this space you guys have no idea. Kids your infinite programs so forth anyway here we go the magic eight ball will the price be higher this time next week shaking it may cause bubbles. Maybe you know maybe not so good outlook not so good the ball has spoken it's probably not good for the war either what you're going to say. The second camera that you know that literally focus just by an entire camera just so that it focuses on that like the down. I agree completely yeah it's the most important part of the show outlook blank outlook not so good and then it's right it's a ddd people watched this show for investment advice and. I was just a lot of people like I stake my whole life on that ball and this is this is in this is this is investment advice as well so how do you think that kid got FTX the company all that money the ball secret moving on to issue two will Biden's executive order on crypto currency speed up the spot Bitcoin ETF approval yes it's the story that won't go away I thought that I had cut it from today show but it's. Still there it won't stop yes and ETF is an exchange traded fund where you can invest your stock market money in Bitcoin if you haven't just lost all your stock market money in the last two weeks or so and committed Harry carry as far as investing goes. So yes a spot ETF rather than a futures one would be better because you can invest directly in it and now that there's a Biden crypto order maybe it's going to come true martin wish mayor these people they have their money in their retirement accounts. They're pre tax retirement money they've been wasting away an apple and Amazon and Google and other text docs they want to buy that sweet spot Bitcoin ETF will this ever happen is Bitcoin going to go to $100,000 a coin before these poor retirement people can get that sweet investment. Well you know if people expect miracles will happen after an executive order but it takes years if not longer to set put this order into actually actual policy so for now nothing will change at the security and exchange commission it will just be business as you will show all that will keep rejecting all these ETF applications and no no not. Further foreseeable future and in four years time there will probably be a new president and it might all be the bill hits the end of the button and will back be back to square one on that so now if you're if you're living off your retirement money just enjoy life don't worry about it too much and definitely don't hold spending until D ETF is there because that that will probably take years. Yes you could have made a lot of money if you cashed out your retirement took the tax penalty invested in Bitcoin rather than waiting for this endless ETF and arc will we get an ETF as the executive order made magic as martin said. It's funny because like for years we were like oh we get this ETF is good boom and then it just seems like the ETF adoption or ETF implementation is just a slow boring process and we sort of add towards it so we have the the futures ETF and eventually we will have the spot ETF but it won't be really much news because a lot of these investment funds have got other ways in which they can invest in Bitcoin either through the futures or by. Investing in an ETF which investors in the in the industry Bitcoin industry and that's a way of them having access to Bitcoin so it wasn't that like tsunami of liquidity from traditional markets and retirement funds pouring into Bitcoin they've had access to some of these other kind of ETF mechanisms when we do get this party to have to be great but. And yeah having some clarity I mean I think the business owners the main thing when it comes to Bitcoin is just clarity on where they stand regulatory wise and hopefully with this Biden build you ought to to clarify that. It reminds me of when light going was going to be added to Mt. Gox they were going to make the new might as trading engine and soon light coin would be added to Mt. Gox and it'd be a huge surge and just like with this we're like once we get this ETF there'll be a huge surge. It's all the stock market money enters the Bitcoin market but it's like Lucy with the football they just keep taking it away Dan Eve should we go ahead and kick the football once more. Well I think that because the fact that there was a you know futures ETF approved that that kind of the the hope that would have come with a spot ETF at that time has kind of shifted in that a lot of people would have heard about the futures ETF and thought actually why wait for a spot ETF when I can just buy Bitcoin myself and they probably would have done the research and you know gone through that way obviously that doesn't still. Let pensions in another funds that want to invest directly without going in by you know by futures but it does kick off the general process of learning about Bitcoin and thinking right well why wait for a spot ETF when I can just when I can buy in or as other people have said you know buy in via Bitcoin later stock so buy into Coinbase or buy into other Bitcoin infrastructure. Yeah, whilst I think it's not going to be for a while this Bitcoin spot ETF it's going to happen it's just a case of yeah it's just a case of when and the when is like when they decide that the volatility of Bitcoin or the market. So the volatility is always going to be quite volatile right just like you know just like anything else is pretty volatile but just that is more around when they decide that when there's less people mowing about the fact that the markets have manipulated and blah blah blah and it's used for the various things like terrorism when those kind of die down I think then there's going to be a bit more confidence in in you know approving a spot ETF rather than a futures one. It's funny to see how it's always an argument for legitimacy we're always like if we could just get discussed on CNBC if we could just get the government to approve a spot ETF meanwhile Bitcoin the software Bitcoin the network it doesn't care it just stays out there still functioning sending the blocks around doing the transactions doesn't care from the beginning hasn't really changed significantly hasn't really cared about all of our activity whether it be YouTube or Congress. So the president or whoever it is Bitcoin the software the network just doesn't care and just keeps doing its things so yes it's it's funny to see how much things have changed and yet still not enough for a spot ETF moving on to the exit question as Dan said it's a question of time will there be a Bitcoin spot ETF in one year three years five years or never martin wish mayor give the stock people some hope here. Three years but don't wait for it just buy some Bitcoin yourself if that's not possible then buy into infrastructure stocks like a shit coin base or the the miners it will take some time as I said this this executive order isn't some magically changing thing that changes the market overnight the security and exchange commission worked very slow the market. There will not change anything in the policies unless the policies are changed but that will take years so three years is a optimistic bet but five years would be more realistic I think. You can even try to set up one of those self custody Bitcoin wallets I hear it's like a Swiss bank account in your pocket and the president said that the real president Dan Eve what about these Bitcoin ETFs one year three year five years never. I'm with mine I think I think three years is kind of sensible because that puts us into kind of the next president territory and you know they could be a chance that if Biden doesn't happen on the Biden is going to happen quickly under someone who's like very pro pro Bitcoin and but when you said about the regulation change it taking it's taking a lot of time it kind of maybe think about the rule changes in Bitcoin and the fact that you know that you can't just make a rule change overnight it takes time so regulation is just like a really good thing to do is just like a real. It's just like a really really shit version of Bitcoin. There you go and that's how people will explain it to themselves in the future Ben arc one year three years five years never. November 15th will happen. He's got the newspaper holding it up and everything. It's no valid back to the future newspaper. Have you got the all manak if you got the shit coin all manak. 1.21 gigawatts look what's I think. I just push it. I push it through because the Biden saying they'll do their research and be like yeah we need a bit of money to have. And I just push it through. I was a flux competitor in the background. It could be I really thought Leo was going to get it Valkyrie. They were approved for a futures ETF I think but not for a spot ETF I thought that was a really good one would have been cool. Moving on check out WCN clips we've got 91 subscribers so obviously if nine of you subscribe to this YouTube channel you could put it into the stratosphere at 100 but really I think what you should be doing is going down here to the YouTube clips and sharing them with your friends. Like a little shorter version of the show that people could watch can Russians use Bitcoin to evade sanctions. Bitcoin donations to the Ukrainian army the anti-vax trucker movement can they cash out their Bitcoin. These topics and more on WCN clips you can share with people it would be just like the Joe Rogan clips and you could share it would be cool. Moving on to issue three Bitcoin ATMs declared illegal in the UK by financial regulator. Yes government regulators all over the show today and now in the United Kingdom where we see a general bites ATM in leads in the United Kingdom with a closed sign taped to the front of it. The Brit coins Britain's financial conduct authority said that all Bitcoin ATMs are illegal until they are declared legal again let's go to martin wish mayor from general bites the ATM pictured in this article for a little bit more on this exciting new British regulatory environment. It's typical crypto copy paste news in this case it's not a Bitcoin ATM are illegal but it's that none of the machines are registered in the UK as a what they said MLR money the Mstellens for money and the rest I don't know but it's like every other code. Like every other country where you have to register in the US that you have to be a money money servers or transmitter in the Netherlands you need to have like you are in Europe everywhere you need to have like permission basically you have to explain to the regulator how you are commenting fraud how you will be preventing abuse from criminals on your ATM network. If you don't do that then you will not get a license to operate and in the UK it's always been like you know free just do your own business type of environment but the financial FCA I think it's the FCA has been cracking down on this and it requires people to register so when you register you have to explain how are you going to combat smurfing for example like you know the money longing for example the large amounts for large amounts people need to provide an ID you know to prevent money laundering so if you break a large amount into smaller amounts called smurfing then you can try to use that to evade the requirement to register so what what happens here is that the companies operating the ATM's and either did not file their application or they didn't provide enough information I don't know the exact process here but many waited too long to file the replication and like they didn't satisfy questions that you know every op a regulator will ask how are you going to combat smurfing well for example you can combat smurfing by setting a maximum limit on the ATM so you can limit the amount of anonymous transactions no matter how big or small on an ATM per day per week per month per hour per you know any limits how are you going to identify customers this is something that I do want to know you can some operators are happy with just sending a text message even if it's a prepaid phone they will know that you know there's only a limited number of prepaid phone a person phone numbers a person has so we don't really care just use a prepaid phone in other countries we see a very very strict and the money laundering policy where they actually require a third party to onboard new customers or to an ATM on an ATM for this reason we we implemented on file which is optional it's a third party service that will validate you as a person it will very validate your identity it will do that all via link on your phone once you're clear to you're free to use any of the ATM's even the most strict regulators will be okay with that the reason is is this third party during the verification process people have to be on board a via the third party many of those neo banks those app only banks use the same on file system for onboarding their clients so if it's good for the banks it must be good for ATM operators too I mean what I think happened here is that none of the operators that filed for an application even mentioned what they're doing against money laundering so and this was a reason for the regulator to say well you know reject it reject it you're out you know do your homework again and get back to us some of them just playing out refused and took it to the court which of course they're loose because you know you're always you're finding the fighting the big guy then it's just a sign of the time you have to be compliant if you're on an ATM network if you have no people doing you know doing say there's nobody to monitor this there's no compliance the officer in your company then yeah you'll have a hard time so the crypto news outlets that just copy past it is you know just like they always do without checking it and in fact or even checking the FCA website which clearly says that let me find it here I found it here the we are concerned that cryptocurrency M's in the UK will be contacting operators instructing that the machines have to be shut down or face further action so they have to shut down it's like time or game over time's up and they've they've had over a year or maybe two years to apply for this license so I think it's it's it's just a matter of well regulator stepping in and that will be new ATMs but it's probably going to be another company or existing companies that just refinder all AML KYC procedure and you know I know what we are thinking in the Bitcoin group is there should not be any AML KYC checks but unfortunately if you're dealing with cash money there's even if there is no crypto regulations that is regulation for handling cash money so so that applies to so yeah yeah and I don't know one of the places where they can apply regulation like we said this is the end of the network this is the cash entry point so they control the cash they decide how it's used they're going to regulate this point it's not like a Binance or another online exchange where you just can move your service to from Hong Kong to some other jurisdiction and then continue businesses usual it's it's a very visible part of the ATM or sorry of the crypto ecosystem is very visible it's a physical machine so this is something that you know they will try to regulate and this if your operator of those ATM as you can like say well we're not going to do this but and this is not that's not really an option if if if you're operating in a jurisdiction where the regulator says you have to register so every other country in the world well as far as I know most other countries in the world have some form of regulation on the ATM either the amount of money that you can use in cash or limits or requirements on the verification process of the clients so it doesn't come as a huge surprise that in the UK you have to be registered too this is not news or anything it has been going on for almost two years and it's only now that they're pulling the plugs and some of the operators yeah well they either have to comply or sell their machines and and and move on but it would be nice to see if they do apply for a license now for us it's important with a manufacturer we as a manufacturer we change our AML KYC procedure wizard backend complete overhaul it took us like almost two years but every little part of the whole AML KYC process has been changed and an operator's can set our ATM so to any level of compliance I mean even third party onboarding is possible and there is there is no there is no real excuse for the regulator to deny access it's just that they need to know that you are doing your best or not your best you're doing anything possible to prevent abuse of your network it's it's regulated work in a funny way this they usually don't say you have to do this and you have to do that and that's what we all know that they they turn it around you have to prove to them that you took appropriate measures and steps to prevent abuse of your network and and then they say yes or no and if they say no then you have to come back to them and improve on where they have their doubts but from my experience any doubts regulators might have can be taken away and for this reason we we we hired about 50 people to do overhaul the entire backend software so yeah we can you can be compliant is just a little bit of work. It's also I'm reminded there's two kind of main legal philosophies there's one philosophy where everything is legal until it's illegal and there's another philosophy where everything is illegal until it's legal and it seems like the British laws are just kind of shifting from a more open system where you could be compliant and not actually be compliant to now a close have to be compliant. It was also interesting to hear Martín say that about the smurfing problem and that it's not those little blue monsters with the white hats getting in your machine like my BIT coin ATM is smurfing broken. That would be a big problem with those smurfs. So it's interesting to see. And remember, of course, the smurfs Gargamel was trying to capture them to capture the working people in their labor to turn them into gold. And then we're going to be talking left wing metaphor there. Let's go on to Dan Eve. What about the BIT coin ATM's there? They're all shut down. It's over. It's over. I was a bit of hyperbole in the headline, isn't it? But you've just got to fill the problem is you have to go now to a special underground BIT coin ATM club. And the first rule of BIT coin ATM club is you do not talk about BIT coin ATM club. I just built, you know, the real victims of the MR rules are other banks. You know, there was only last year, only $672 million of banking fines to, to, to, to, on that West, poor net West, poor credit swiss, poor HSBC holdings and various others who failed to uphold proper anti money laundering rules. So it's really good. I think it's really good that they're trying to punish the ATM BIT coin ATM holders because obviously that's where the real money is. Not in the existing banking system. That's just joke money, right? That's like internet monopoly money that they have on fake databases and stuff. So they're going after the hard money because it's easier to be mean to smaller things. But no, no, interior, yeah, it is a bit of a kind of a, you know, hyperbubble headline that they're not like banning them. They're just kind of enforcing them to adhere to certain rules. And you know, I, the problem is the landscape is not going to be kind of free and libertarian forever. You know, in order to be able to operate, you are going to have to kind of submit to certain rules, unfortunately. And, and that's what, that's what happened into these small provided, like the, at least the ATM provided that certainly, you know, they're not as big as the banks. They have to adhere to these rules in order to operate. And whilst it's crap, you know, unfortunately, like it is what you've got to do to survive as a business. Otherwise, you are going to get shut down. And it's easier to shut down a small business than it is to shut down a bank because banks are too big to fail. In fact, when banks are so dickish that they completely screw up, screw everyone's money, fuck everything and fuck the world economy, you have to actually give them all the taxpayer money to make sure they don't go down. Because otherwise, there's a problem, this is, so that's what the sad thing is that they basically run a mock into society doing whatever and they can get away with it. And then the smaller companies, the smaller, more technical companies, they're actually building innovations that are way better than what the banking technology is available. They're the ones that being penalized. So I think that, yeah, we should just feel sorry for the banks, the big, big, big banks. It was also sad to read this week about poor little Deutsche Bank. They couldn't stop operation. Deutsche Bank, that would have affected their bottom line, you know, protecting humanitarian crisis versus, making money. Deutsche Bank had to side on the making money side. Ben, are your thoughts on the Bitcoin ATM crisis in the UK? An absolute 100% stoppage of all Bitcoin ATM's forced underground into CD fighting clubs? It's interesting talking about the banks. I mean, like, so too big to fail. I mean, Lima Brothers, the reason we had the 2008 crisis was Lima Brothers was a lot to fail. And then very quickly, the market got scared. And then all the other banks started failing and then they had to be bailed out. So yeah, they are literally too big to fail. I think in the UK, we've had very fuzzy regulation when it came to like Bitcoin ATM's. And now it seems that maybe we've kind of gone overkill. It was interesting that in the article, I think they said there's 81 Bitcoin ATM's in the UK, which to me sounds quite low. I imagine there is probably more of these murky ATM fight club Bitcoin ATM's out there. So they'll probably continue to exist. But I also in the article, it said about how they were targeting. I can see Ben already he's working on a sweet machine that would secretly be in ATM. And if you turn the candy wheels just right, like you get a QR code. Wow. That's a very good question to us. Because I do have the, I mean, it's in pieces now because it got smashed about when I took it to some conferences. But I have got this little ATM right here. And like this is the idea of the the the fossa, the three-nope resource ATM which I was making, was that it'd be so cheap that if someone came and stole it, if someone came to your bar and said, oh my god, there's a Bitcoin ATM, we're going to take it and confiscate it. Then you can just say, I don't know who that is. But then you can use a can opener to open the. You can use a can opener, so you have to keep an eye on it. But yeah, no, so it's not a solution clearly, like these ATM's are actual ATM's, like general bites are useful ATM's. But they were targeting particularly, it's smurfing, is that mules are getting people to go to different ATM's and take a small amount of salt. The smurfing is, it's not just with Bitcoin ATM's in financial work, world means breaking up larger amounts into smaller amounts to evade limits, detection and usually this if there is either one or multiple people doing it. So in that case, those people would be mules. Yeah. I see, yeah, because they said actively sort of targeting, although aware of the mules who are getting under 250. It's a bit of nonsense because you can set, you know, the ATM's can be set so that there is a limit on the amount of anonymous transactions per day per week per month. So if you break up the large amount into hundreds of smaller amounts and then eventually the machine will be able to say, now I'm sorry, sorry, sorry, sorry, sorry, sorry, sorry, sorry, sorry, sorry, sorry, sorry, sorry, There was that great Reddit post that it was, yeah, I was thinking about 2017, and then someone came into Reddit and they were like, oh, this Bitcoin stuff is amazing, like I was unemployed and now I'm earning really good money and I'm just driving on a San Francisco and basically just going to all these ATM's and I'm putting in some cash and getting out some Bitcoin and then in Reddit, all the comments were like, yeah, you're a fucking mule. And then they were like, oh shit, really? A tax liable drug mule, yes, it's the worst kind. Moving on to the exit question, will the UK Bitcoin ATM market return? Is this a temporary ban or is this the end and they all go underground like fight club and you got to turn the wheels on the sweet machine like a safe combination? Martijn Wishmare is this the end for the UK? No, I think either we'll see some of the operators apply for a license and then become compliant and they'll convince the regulator that they do have their measures in place to prevent abuse of the networks or we'll see a new ATM operator stand up and buy all the equipment from the old ones and then run a entirely different kind of business. So in a way, it's probably going to be a professionalization of the market where we see the smaller companies either dissolved or grow up to be a more more professional company. Like for example, the regulators will probably require that you have somebody on board that is a compliance officer. I mean, it just rings coffee all day and looks at this email, doesn't do anything else, but yes, it's the compliance officer. So for compliance related issues, you have to contact the compliance officer and stuff like that. If you don't think about that, they're probably not going to give you a license. So it's yeah, they'll definitely return. I'm 100% sure about this. I think professionalization is the correct term and it's something that we kind of need. Even in the recent Ukraine crisis, there were governments that had emailed wallet companies and the wallet companies were in the right. They really don't have access to the wallets, but they need to explain that in a technological way, in a normal way and without the snarky sarcasm. It's fun to be snarky and sarcastic to the government when they're asking a question, but it's a horrible idea, long term, anyone that's a professional, those, you're going to have to deal with them down the line and they're going to remember the snarky comments. So yes, it's a sad thing like we're saying that a bar will be raised and if you're not willing to KYC your customers to prevent money laundering, etc, whatever the state wants, if you're not willing to follow the rules, you don't get to keep being an operator despite your early mis to the market and your libertarian beliefs and so forth. So yes, Martin's calling it professionalization. I think they'd call it other things and they'd be upset about it, but it just seems like a natural thing that's going to happen to these markets where some professional group will come in and they'll do all the regulations and they'll have all the legal stuff and pretty soon they'll be operating in all the places where fly by night ATMs used to operate and it's just how it happens. All these markets go through this change. Dan Eve, is it the end of the UK Bitcoin ATM markets? Sell your house, sell your home, hide your kids, hide your wife? No, I think there's going to be like a transition that we, as Martin says, there are some that like sell out to the bigger companies. You know, there could be a, this could enforce a bigger transition like of existing ATM infrastructure to suddenly start supporting Bitcoin and you know, at least from a selling, sorry, buying Bitcoin, was selling Bitcoin perspective or vice versa. So you'll see so, you know, existing infrastructure being suddenly equipped with being able to use Bitcoin and then there'll be ones that just go out like guns are toting, they'll wait until the final ATM is like removed, forced to be removed from from a corner shop or a pub or whatever with no KYC and it'll have cues around it and yeah, it'll be a nice little event is the government comes and like prize it from the hands of the users. And the argument for that will be but we've had it so long, we've had it so long at the part of our community, it's it's a country we used to own, you know, we've had it so long, you can't take it away from us. Ben Arck, is this the end of the UK Bitcoin ATMs? Yeah, post-Brexit where the self-deprecating bureaucratic, say, domestic, domestic country, which is probably the worst place to sell any sort of Bitcoin business. We're just going to create paperwork and rules and regulation and our current entire economy is screwed. And 137 pages in January on how to grow pickles. We have the largest tax legislation in the world. We're just going to regulate everything out of existence, completely destroyed industry. So yes, it's the end of the Bitcoin ATMs scene in that UK. But yeah, but tons of jobs for regulators. It's a whole Brazil, Terry Gilliam type, economy that needs to be built up of this is my receipt and this is your. It's a bit like, it's a bit like modern monetary theory that's not even more believed employed as bureaucrats and regulators and then will all have money and then can all pay for services pay for more pioxian regulation. So yeah, we're accuracy and regulation is a hot new job in the UK. You can always be a banker. I saw some bankers in the city of London. Oh man, they were not like normal people. They had the full suit. They had like the umbrella and they were like marching through the streets. It was straight up like you were a peasant. They were a banker and it was well there, they're the gentleman managing all that Russian oligarch money, but now that's gone. So yeah, I think it's a thing that all the marching thing was probably because of the Colombian marching powder there. Up there knows before they went to work. You saw that in the tower records documentary. They said it was hand truck fuel and it was a line item in their expenses each month. We have to have a certain amount of hand truck. Literally a line item. Yeah, just like the wolf of Wall Street. Was that Wall Street? You see it? Very much. Same thing. It's very popular. Popular in the 80s. Moving on to issue four fools gold or safe haven war puts Bitcoin to the test. Everyone calls Bitcoin a digital gold, but they just had a war and the price of it went down like the price of the stock market went down. Therefore Bitcoin's not a digital gold and you've all lied to me. Says the mainstream media suddenly afraid that nothing matters during war. Not even computer games and video games and other things. Ben, Ark, what about the war? How's it affecting Bitcoin? Is it still a safe haven? I think we mentioned this before. In other economic like with the pandemic, when the pandemic stuff kicked off and then you had like a market downturn and then Bitcoin correlated with the market and then it decoupled. So I think what happens is people they go to try and test a safe haven such as Bitcoin, such as gold, sorry. And then that thin layer traders is evacuated out and then you end up with the actual Bitcoin as you were putting their wealth in Bitcoin because they understand it as a good store of value. So I think we start that point now like we've hiccuped up from the Biden news and we've sort of decoupled a little bit from the market, but I do think we're at that point now where we're going to decouple and people going to be like, okay, yeah, Bitcoin, safe haven. But the real question is how do we use Bitcoin in a war scenario? And I think a lot of us in Europe for example, you know, grains have a very progressed country and it looks like our countries and then we see it, you know, at war and build these buildings being destroyed and then we think, well, how does Bitcoin work in that kind of scenario where there's no electricity, no instant access, all those sorts of things. And these are all problems which a lot of great Bitcoiners are all working on. Again, which we mentioned in an earlier topic. So yeah, the price currently is still teetering coupled with market prices, but it will, it will, as just as it did with the pandemic and other economic hiccups we've had, it will then people will, you'll see that safe haven price rise, which you would imagine in a scenario where I think the real news is, I mean like, on both sides of the war, people are finding use for Bitcoin, the Ukrainians for accepting donations which can't be confiscated. And then the other garks for trying to avoid sanctions as well. So it's this crazy new technology which everyone can use and benefit from. So I think the price is the price is going to go up, but for now, it's still, we're only two weeks in into this conflict, quite amazingly. Three weeks ago, I was playing, I don't know if anyone plays it, population one on the Oculus Quest, I was playing it with my friend and I was like, I was excusing staying up to one in the morning playing with my goofy mate from back home because we needed to prepare for the war. And there's like, oh, yeah, there'll never be another war, will there? And then a week later, all the Ukraine stuff kicks off and like, now we're two weeks into the Ukrainian crisis. And now a statement like that is like, yeah, we do actually need to prepare for the war. So yeah, you're at the tender box. We could all go to shit, but hopefully it won't. And yeah, there's a Bitcoin price wall go up because people reason realize that it is a safe haven and not go a later market. I thought of a great meme while you're talking there, they could have a broken down, bombed out bank building and then have a little girl in front. She's kind of crying and pointing at the building. And then the caption it reads, don't worry, they don't store your Bitcoin in there. That's ruthless. And also, I think at this time, when the price goes down and we separate and everyone loses faith and all that, it comes back to the idea is Bitcoin as a collectible. There's only 21 million units. It's locked. So if you can get your hand on even one of those 21 million units from a collectible standpoint, it's just two few units. So many people in the world, I think it's going to go up. Dan, Eve, what do you think about Bitcoin and the war and my amazing new meme? I think the meme is incredible. I like it. You need to make it, you need to make it and then probably NFT it, just to be with the current times. But in terms of inflation, so inflation is the, in the US, the highest has been for a long while. Russia and China has been on the gold hoarding for a while now. They've been trying to kind of wean themselves off the dollar. So in terms of Bitcoin decoupling itself, it's, I think it's moving towards that way. Especially now that the dollar is losing its kind of hold on the rest of the world, because other big economies are moving towards back into the gold standard. I think that there's an opportunity now for Bitcoin to actually surpass the gold as a means of long-term store of value. But it does require that there's no kind of nuclear war, because as we've kind of discussed, relies on the existing infrastructure. Bitcoin is an internet money. And if internet has been cut off in huge ways like fire, you know, fire-nuclear war, you know, you can't, if all the power goes down, right? You know, people are going to resort to gold. They're going to resort to physical things. If you're in an area where there's like massive huge area of the country where the internet goes down, you're going to result to physical things to transfer. So as long as that doesn't happen, and we remain a kind of nice, you know, technologically savvy world or technologically able world with internet and all of the graces of modern life, then Bitcoin will continue to decouple. But maybe that's why Bitcoin at the moment has kind of taken a downturn because the war in Ukraine isn't over. And therefore, people are kind of thinking, oh shit, you know, Bitcoin was a good buy, because these fear currencies are completely proven in facies for the roof in certain, in certain ones. But at the same time, if nuclear war goes off, how easy is it going to be for me to send a Bitcoin transaction as opposed to having a little bit of gold? To be fair, very few currencies work during a nuclear war. It is a pretty tough time for currencies. And sometimes like a sword or a knife, that could work just as well as currency in a bad situation. So let's not, we don't want to have that. Martín Wishmeyer, your thoughts about Bitcoin and the war. I agree with what Ben said earlier about this idea that it was used by both the Ukrainians to accept donations. And it was used by the Russians to evade sanctions. The more and more people get used to this invention of lying type Bitcoin as God idea that, God helps your friend. God also hurt your friend. Bitcoin's your friend. He's also your enemy. You just have to get used to it. The tides or the waves, it just keeps coming. What do you think, Martín? A friend of mine who organized the Dutch Bitcoin meetups is Wife's from the Ukraine. And he uses Bitcoin to send back to the Ukraine and then trans-cash it out locally. And at first, you could do that via an ATM, but none of those are really working anymore. So another one exchange called Kuna, kiquna.io. And you can send Bitcoin there and then you can cash it out to a local master card and then you can use it wherever cards are still accepted. So it gives you some spending money. But instead of keeping all the money in a bank, you basically keep it in Bitcoin until you need to spend some and then you transfer it to your card or you pay with Bitcoin, whatever is most convenient. But I think that for like, it's not really like a hedge against inflation. It's more to pay for stuff, you know, even during a war, you still have to pay for stuff. It doesn't all of a sudden become free. So that Bitcoin has proven itself there, how it will work in nuclear war. I don't know. I think if that would be a nuclear war, we have totally different things to worry about. I do think that's also a good example of the different service levels of Bitcoin. Right now you can use Coinbase, you can buy it with your credit cards real easy. They shut all that down. You could use some kind of a master card system, some kind of a, you know, you buy this and you buy credits, you trade the credits for this. They shut that down. You could use the find the guy on the street corner system, a certain cafe that people hang out and they trade Bitcoin. They shut that down. Like people start wearing red pocket squares on the street. If you find a red pocket square guy, you can get Bitcoin. All these different things are just different layers where at one point, it's very easy to buy Bitcoin with your bank account. This is a golden and amazing time. At another point, it might be very difficult. So we just have to keep an eye on that. Let's move on to predictions. Are you ready, Dan Eve with a prediction about the future? I predict that now I'm really worried now because I tested the universe and said that they're predicted nuclear war last year. I called it's bluff last week. So I'm going to say purely on the reverse psychology thing because the universe obviously has a mind. It doesn't. It's so I do and mind's crazy. So I'm going to say that I predict nuclear warfare this week. Martin Wissmeyer, hopefully a less apocalyptic prediction. I predict that this time next month, we're all being Miami and enjoying the music festival at Bitcoin 2022. There we go. The optimistic prediction, a calendar, calendar-based prediction. Ben ARK, a prediction about the future. I predict that there will not be a new for the war next week. Dan, because you were right on the last two predictions. So I'm scared now. But yeah, there won't be a war in the next nuclear war next week. That's my prediction. Hopefully or not, although if you want to learn more about the fun and exciting situation where in you could always check out the new movie The King's Man, it will tell you all about world war one and how it was a battle between three cousins who also happened to be a king, a Kaiser, and a czar. So fun to learn about how accidents and idiots can cause massive wars. Now Dan, Eve, a story of the week. What's been going on this week? I don't have a full of bags. I'm sorry. Oh, nothing this week. Martin Wishmare, what's been going on this week? The story of the week. We've been extremely busy preparing for the Bitcoin 2022. I will be there with like two stands, one for every trade I have, one for general bides. We released a new feature and we will release a new ATM model on the show. So it's going to be, it's going to be like lots of news. But if I tell you, I have to kill you. So therefore, I'll keep it quiet for a few weeks. But yeah, lots of stuff going to happen very soon. Very exciting stuff, except for the part where you kill us. Ben Arck, a story of the week, what's been going on over there in LN Bits? Yeah, I want to reiterate what Martin said about Bitcoin 2022. So trying to work on stuff for that, I haven't actually built the thing which I'm going to be doing my talk on. So I need to kind of get on that next week. What's happening this week? I've been trying to set up LN Bits like a clear net thing. So you can using Kubernetes. So you could like put in a subdomain. So you could just go to alimbits.com and you could put in like a subdomain and then pay some sets and then just spin up in LN Bits and then connect it to your funding source like your LN TX bottle, your open node or your C Lightning, whatever. We've been trying to figure out how to kind of get ahead from that and then we've got some guy working on on Kubernetes. So props to him for working on that. But that'd be great because a lot of people, that seems to be in demand, like people want to be able to spin up like a clean at Alimbits and they don't have to like do the VPS and the SSL and the domain name stuff themselves. They just want like a they'll be happy with the subdomain on Alimbits.com. So we've been working on that and then for anyone who is going to Bitcoin 2022, this year we've got an open source stage. So in 2019 I put two tables together and I made a little hack space open source area because it didn't exist. That was all the stalls for all the businesses but there was an open source area and then it just means stepping sniker out then we sat there and we did two tours with people. It was really nice. And then last year we had a tent and then this year we've got a full conference stage. So a large portion of Bitcoin 2022, props to the Bitcoin 22 dude is going to be a big open source conference hall which is filled with open source projects. A bunch of open source projects have had free tickets off the back of it which is great. There'll be talks, there'll be demos, there'll be workshops, I'll be doing the the lightning point of sale workshop. I've got like a gazillion of them over here and if you can see where they are kind of on that shelf there. My little brain won't can't do this. Okay, I'm a little shelf there. There's about 70 or something there, point of sales which I'll be taking with me to Miami. So I want to get stopped and get them taken off me at the airport. But yeah, we have been doing workshops on that too. So yeah, Bitcoin 22 is going to be amazing and I can't wait to hang out with Martin in the meat space on a beach. I stopped smoking but they're still the ring beer. They're like drinking beer and whatever else. All right Dan, Eve, one more chance. Do you have a story of the week, anything going on this week Dan? No, dead. Life is dead. You're going to like you're going to predict that you can walk and then this is just going to be perfect. The prediction. Obviously, it's hard to have any other plans. It's hard to be really like. I'm not very excited this week except for the whole nuclear war prediction. I got that going. But so yeah, my story of the week, I don't know, I checked out the Pam and Tommy TV show on Hulu. I think it's really good. It's interesting from both sides from the guy who is a carpenter who stole the sex tape from their house to Pamela Anderson and Tommy Lee who suffered from having the sex tape published. And it was also really an interesting movie because of the internet tie ins. At first, they got the idea they could sell the tape on a website. They could deliver you the tape through the, you know, the real world with the post office and so forth. Then eventually they got the idea they could stream the tape. And it also brought up a lot of interesting kind of legal rules on who owned the tape. And if physically possessing it was enough to own it and things like that or possessing a copy of it so on and so forth. So it's so what surprisingly fascinating movie, very pop culture. It's presented in episodes, but it's clearly a movie. I also enjoyed the tower records documentary. All things must pass about a great record store that started out Sacramento and became worldwide and still has locations in Japan. So I wouldn't mind visiting a tower records in Japan. I tell you that from watching the film. And we're celebrating the return of Major League Baseball. Obviously everything is fine in the world. Now there's not any kind of war going on because the owners and the players have come together and they're going to play a full 162 game baseball season, which will eliminate all of the other problems in the world. But it is nice to have another sport to distract you from all those problems as it may or may not work because it's hard to be distracted when you're getting bombed. But it's also hard to use currency during nuclear war. You can learn a lot from today's episode. So thanks to everybody for watching it. You can give us a thumbs up down below. You can subscribe if it's your first time here. We're still trying to get that subscription thing going. Check out WCN clips on YouTube. Just Google WCN clips and share them with your friends. And I think that's about it. Anything else going on? All right. So until next time. Bye.