#308 โ€” The Bitcoin Group #308 - Chinaโ€™s Back! - MiamiCoin Falls - Portugal Tax - Terra Dissolved

๐Ÿ“… 2022-05-20๐Ÿ“ 12,658 words

The Bitcoin Group, the American Original. For over the last ten seconds, the sharpest Satoshi's, the best Bitcoin's, the hardest cryptocurrency talk. We'd like to welcome our panelists, Dan Eve, the crypto raptor. Good afternoon, Bitcoin. Adam McBride, NFT archaeologist. Bro, I want to name like the raptor, man. And I'm Thomas Hunt from the world, crypto network, moving on to issue one. Issue one, China is back. Bitcoin production roars back to life in China despite Beijing's ban on cryptocurrency mining gas. Just as we discussed it on the show, China can ban anything they want. We all knew it would come back. And now Bitcoin mining is back in China. Bitcoin mining in China plummeted to zero, but several underground operations have since emerged. Dan Eve, what do you think about Bitcoin mining in China? China is such a great topic. We just can't quit you, China. It was, I think it was inevitable that it would would be back. That you know, in China, like there's too many resources, there's probably a lot of difficulty shipping all those miners out from the mining operations out to other countries getting past like customs and excise and they probably just like split up the miners for a brief period of time, ship them off into different places. So they, you know, instead of 100 miners in one place, for example, they shifted them to 10, 10 in 10 different places, made it a bit more underground, a bit easier to hide. But it was inevitable that it was coming back. And I think that article mentions that by September 2021, nearly a quarter of ash power, they believe as back in, back in China and they believe within a reasonable margin of error as well. So the one thing that they mentioned about was about the usage of VPNs while mining. And that's, I thought that would be quite an issue because of latency, right? Because you need to be the quickest to find a block, especially if you've got a huge operation, you know, any fraction of a second that stops, you know, you submitting a hash, you know, potentially prevents you from getting a block. So again, in that article that they did mention about the classic thing about the Bitcoin uses, mining power uses as much as electricity as a country like Norway or Sweden, which, you know, they also could have said, or I'd imagine that the smug smile on the IMF right now because if Bitcoin's drop is also probably about as wide as Sweden. So there's plenty of comparisons you can do that don't really make that much sense. But yeah, Bitcoin hash rate, it really did drop to a reasonable amount when that kind of that minor ban happened. I think it was like from from nearly, I don't know, 197 extra hash is and I think the peak low in mid July during the ban was 75, but we're back right now above what the previous, well, the all time high was when China banned mining. So although it did have a temporarily a temporary kind of, you know, dent to the, to the hash rate, it's back straight up there. And you know, the last couple of months have been since January has been, you know, pretty much hovering around all time highs around this level now and hitting a peak of like to 222, 250, what extra hashes? So regardless of whether a, but a China ban or unbans it, there's, you know, the good thing about mining and about Bitcoin is, is that it's decentralized. So you can just kind of, you know, if you, if you try and cut the head off a snake, or maybe it's not a snake, but it will just be two snakes, right? Then there's two different snakes mining in two different areas. Then if you cut that again, there'll be three snakes. If you cut one of those, it's all kind of garbage, totalitarian system can't control fucking a bunch of Bitcoin miners. Like they're not that hard to find, right? And especially you're saying, I mean, when I read, I didn't even realize you could use like, I mean, I guess, I mean, if you could use a VPN to hide your mining activities and they feel so emboldened that they're not even doing that, like, fuck it. Can you imagine? It's amazing. We just know, like it's just paper tiger. They don't have any fucking, or the people who are running those, those, those mining rigs are so well connected and so powerful. I don't know locally or whatever. The government's not willing to do anything about it. It just, it kind of speaks to China, which is, I think, I think it's like Dan's saying, you could find these miners. They're using a lot of power. They make a lot of noise. They're generally in a warehouse. It's kind of like when they went looking for marijuana growers in the United States, they're like, that house over there is putting off a lot of thermal energy compared to that house next to it. And it was really easy to figure them out the same thing for a mining factory, especially in China in some beat up old village. Part of it was like, is anybody putting their VPN into China to make it seem like, oh, like some dudes in Finland are like, you know, mining Bitcoin, but they hide their VPN into China just to fuck with China. Oh, green, green, that would make sense to me. Well, like green piece, I'm actually from China. It's all cold. It's all cold. It's pretty bad. It's like, you're mixing your traffic with a bunch of other criminals. It's like, I'm going to get accused for a different crime. Something I didn't even know. Like, oh, this is a great strategy. I'm so glad they developed this. Maybe they just have a long, the Chinese miners have a long enough cable that it stretches. They've got like a huge, like a huge ethernet cable that goes into another country. I don't know. Maybe that's how they've been, they've been getting away with it. But yeah, it's just whack them all. It's just whack them all. You ban it. It will pop up somewhere else. I mean, what do you think could have happened where it went from whatever it was pre-banned to zero, right? It actually got down to zero and then came back. I mean, how does that even happen? Why would those people... That's real, real totalitarian government fear where you run around your shop and you turn everything off. You turn the miners off, you turn the network off, you shut the power thing off. Like, they're going to come for you. They walk around the corner. You flip it back on. Yeah. Exactly. I have to go over that. I have to say about all the mines are leaving. I can't have all been bullshit. It was just sitting there the whole time just waiting to flip it back on. I think a lot of them left and I still think if we look back on this historically, it's a historic blunder where China even turned off these miners to begin with. They had incredible advantage, a national advantage, a national resource. At one point, people were even concerned that China could do a 51% attack, that they could thwart the Bitcoin network and make their own transactions and buy as many Lamborghini as they want without paying, which would be a huge advantage to the Chinese people, of course. But what a story. What a classic blunder. Adam McBride, what do you think about China tiptoeing their way back into Bitcoin mining? I love it, man. I love that they can't stop it. What do you say? I love it. I love seeing it. I love seeing that the government we take as westerners or at least I take as like, oh, this brutal dictatorship really at the end of the day when people want to do something else, they just say, fuck you. I'm going to go do it anyway. And that's awesome to me. That's what happened in Russia with the blue jeans and the television. People wanted a better life for themselves. They saw other people having that better life and it didn't matter how strong your government was or your military all went down. But now it's time for the exit question. It's another Friday. It's been another exciting week in the stock markets here in America and the rest of the world. So now Dan, Eve, it's time for you to compete with the Bitcoin ball. What will the price of Bitcoin be this time next week? It's higher or low? I think I think it's always got we've got the camera back again. Okay. I think it's probably going to get a key key. Did that cut very slick, man? That was smooth, wasn't it? Although it was smooth, I think it's I think we are going to have a little drop. I think that we haven't had the worst to be. I mean, we've got we're down another 4% today. So I think it's going to drop a little bit more. There's probably going to be a bit of organized selling to get Michael Salor and El Salvador. Like you're crappin' themselves a bit more about hitting those about hitting that what, to 21,000. I think it is the liquidation level for for micro strategy. So yeah, I think there's going to be a bit more downward push, but ultimately it's only up maybe. So I'm so excited. Are you going to give a price prediction there? Oh, a price prediction for next week. Okay, I'm going to go 27. Okay, 27. That's very specific. 27. 27. 29. 29. Oh, prices, right rules. So out of your green, we're going higher here. No, lower. That's lower, isn't it? No, no, no, it's lower. Yeah, double. I bet it, I bet it. I bet it. Always lower. Everyone's a bear now. And now we're shaking the ball. Will the price of Bitcoin be higher this time next week? Reply hazy. Ask again. Reply hazy. Ask again. There's a focus. You know, allow it. You're going to ask a parent. That's amazing. It's telling you to ask again. Or is that against the rules? Oh, no, you can't, you can't anger. Oh, by asking. That's like, that's like, you're one of those who go out to the genius. And you're like, I wish for more wishes. And you know, I wish for a hundred wishes. You got a big pile of turd. Issue two is the only wish you get. Miami's mayor backed Miami coin crypto. Then it's price dropped 95%. We're back to back things that we predicted on this show. The city of Miami wanted to fund everything they did with cryptocurrency and have the people fund it. They were hoping this cryptocurrency could one day even replace municipal taxes as the government's primary source of funding. Oh, the Miami coin was worked with an organization called city coin that was going to create these amazing coins for other cities as well. When we talked about in this show, we talked about Aurora coin, California coin and so many other localized crypto currencies that we've enjoyed in the past. Adam McBride, what about Miami coin and their unbelievable 95% drop? Is it? I just this is the first time I've looked into it. Like really looked into it. And I did, I went in and I researched what it is to like be a minor. Did you read this garbage? There's no mining. It's pretty fair. There's no mining. You're basically gambling. You're putting stacks in or whatever. And if you put stacks in and then you get Miami coin back. And if you randomly win that block, you get more stacks back or not even stacks. You get the fucking crap Miami coin back. I mean, dude, this is the biggest. It's ridiculous. It's ridiculous. What are you going to say? I mean, it's just completely ridiculous. I mean, I'm going to say that I'm going to say that I'm going to do nothing. What are you going to say? I mean, it's just completely ridiculous. It's a huge, huge nothing burger. It's unfortunately a blight on May or suarez for picking this is like going to be a winner or something good, whatever they get $5 million out of it. You're just grabbing money from other people. I mean, this is like, this is pure scam. This is like, this is bad. This is worse than Luna. I mean, this is like bad, bad. Like, I can't believe people signed up for this. Well, and you can see why they wouldn't do mining. Mining you'd have to have actual machines. Yeah, you actually have to have something if someone had why would you want to do that? Yeah, why would I want to actually do like something? Why not just do not make money on an Excel spreadsheet? I'll be so snagore. That they did. Miami coin. Yes, it's beautiful. It was beautiful to see. And just like everyone, they always come to Bitcoin. They're like, Bitcoin is great. I can improve it. I can add on to it. What Bitcoin was really missing was a specific coin for the city of Miami. Now, they didn't put palm trees on it and make an icon. So Adam couldn't enjoy it as an NFT. Otherwise, we were right there. We're like that close. I mean, dude, at least if they had done something, like you could have done something. Like if they had forced, for example, if you had to pay whatever parking fine, in Miami coin, okay, that creates like a desire to have the coin. Like you have to have it to do certain things. Probably would have been illegal. Like they probably can't even do that in the States. But if they had done something like that, like, you know, to get to NFTs, like AP coin, right? To buy certain things you had to have AP coin to buy certain things. Give it some utility where you actually have to have the coin to do something. But even in that article, they were like zero merchants took it. The city didn't even take it. It was basically not, it was a, it was literally not used at all other than for mining. And it's like, what are you mining? And it wasn't even mining at the end of the day either. So it's just one giant Ponzi Ponzi is all the way down there. Well, at one point, that was one of the major use cases of Bitcoin. People would buy Bitcoin to then wager on the alt coins and buy Ethereum or whatever they wanted. And Bitcoin was the gateway for that. So I could see that working for another coin. I could also see the NFT example as much as everyone is kind of turning against them lately. If the city of Miami sold off like this fountain and you could own the fountain. And it was a one of one. I think people would invest for that and also have that corporate idea there where maybe some law firm comes through. And they're like, we want to sponsor all the fountains in the city. And we buy up all the NFTs from all the punters that bought them for $500. They sold them for a thousand and the law firms never going to sell them. So you just lost your chance to have a fountain. You make it a community token where you get access to stuff. You make it have some, some worth some value. All right. Then you got, and you can only buy the NFT using Miami coin. Hey, you got something there, but this is a big giant nothing burger. It's amazing. It's amazing that this was the strategy they went with. I mean, this strategy is just, it's hard to believe. It's hard to believe. Honestly, those dudes at stacks and the company involved in this who's making these coins for different cities couldn't come up. I could have come up with a better strategy in two seconds. Like it's incredible. The lack of vision. It is funny, though. We're not in the meeting with them. We're pitching here on the internet. It's pretty clear if we examine this from the outside. A slick company. Outsideers from city coin came in with a PowerPoint presentation. They showed the mayor how much money they were going to make. The mayor got really excited. And the last time I quoted this from the Simpsons, I used the YouTube. And of course, YouTube struck me down and said copyright infringement. But it's still from the Monterey episode. It's still funny. Still real. Oh, no, right. Right. The guy says, you know, a town with money is like a mule with a spinning wheel. You don't know how he got it. And he don't know what it's for. There it is. They skipped their money like a mule with a spinning wheel. So let's move to the exit question. Will this be the end of city coins, not just the company, but the idea of city coins. Or will we see New York coin, Omaha coin, West Virginia. I don't know, New Mexico, all the coins. Everyone should have their own coin still. Are we going to learn from this? Let's go to Dan Eave before we go to Mr. NFT. I'm just going to say print all the coins. All right. What we got. Well, I think that it's it sounds good. I think it's your version of the coin sounded better that you can actually do something with it like all it. There's a there's a revenue that comes from it. And you know, but the the the whole pretend proof of work and your destiny to call it mining. Just, you know, really takes the piece. The fact that you know, it's a lottery. You have to buy tickets and then it's like a it's kind of a worse than a proof of state. Because you don't even get to deposit or have your coins there and they're always there. You have to actually pay for a ticket to potentially win. It sounds like I don't know where every time I hear city coins, I think of that South Park episode like, oh, how are all welcome to shitty coins. Oh, yeah, we got the shittiest coins. And you know, the guy it sounds like a bit he was sold a bag of beans like Miami's also like bag holding a load of stacks as well. So the guy who was like shielding city coins and the you know, and made my any Miami coins also convinced them to buy a load of stacks will I think they get stacks from Miami gets stacks from people that lose money on Miami coin or something like that. I don't know either way. It's pretty bad. Something in the article that was quite funny was that they had to have like a the PR lady had to like give everyone a give everyone a talk about how to talk about it because I'm not quoting. But it pretty much sounded like they were going insane games and only up. So they had to like discuss how to talk about it without sounding like a complete scam whilst being a complete scam. The guy as well Stanley, I can't remember his first name, but he said he said it by his own admission, he said 99.90% of cryptos of scam. But obviously not his shit coins stacks and city coins, which he said, oh, you know, the ones you get the ones that are reliable that will be here for the time. Bitcoin, a stadium. Ethereum. Of course, see. Like, oh, that's talk about a show master. He obviously did a good job. They did have some cool things like I think that they said they were going to use it to subsidize people who's rent went up by 20%. Which kind of is a nice thing, right? It's like a nice thing to do with it. So oh, we're going to get this Miami coin in him. We're going to people who have been stuffed by rent going up. We're going to buy more than 20% will subsidize some of that. But you know, I do love that we always have to attach our programs to help the poor to some kind of. Yeah, fair marriage. Yeah. If we raise money on this really strange Ponzi scheme, then we'll help the poor. You saw that article. It was like, oh, and we're going to give subsidized housing through the. Oh, we can get the fuck out of here. Dude, I just sent you a link. If you scroll down to like how it works and this like bullshit diagram. It's like you put money in. You get nothing back. You put money in. Will you get nothing back? It's such a bullshit, dude. It's incredible, dude. I mean, look, hey, Miami got whatever $5 million out of this. Good for fucking Miami. Scroll down a little bit how it works. Yeah, there we go. How to make the money is you put in something you just bought and you get back a coin that's basically worthless. Amazing. It's kind of like it's kind of like that ethereum thing, right? You know, you give us one thing back, one thing, and then you'll get five back. You know, like it's it's the ethereum scam, but in a in a in a my record. Not, but however I worked out that was it. Oh, no, no goodness. No, that's not it's like 99 was it 95% down. But I don't think it's a complete. This is to don't quote me on this quote me on it. I didn't care. But I don't think it's a bleak dead horse because if Miami becomes like this new Silicon Valley of Web 3, then they're going to be shilling my amy coin to all the nubes that ever come to conferences in Miami. So I think that the that whilst it may have no use and it may be a fake proof of work coin and it may be complete BS and another kind of cloud mining scam. That I think that there's probably it's not quite I don't think it's dead because of the fact that I would agree with you if they actually created. Demand for the coin then they would have something and you think it's Miami there are plenty of opportunities to create demand for that coin. Well, and that's the thing it's it's really just a cloud ban mining scheme right we think of Miami as a concept or an important city. And then they say well that's then worth money we're going to monetize that we have no reason to believe Miami would be good at creating a coin versus New York or anywhere else. Not to say that one of them might hit it out of the park they might say you have to pay all traffic tickets in New York City or you're going now and that's it and then like I'm saying there will be demand they'll be hoarding of the coin, especially if it's on some kind of a release structure. But you do have to go back to this I love the animated gif the fact that they made this incredibly simple animated gif. They're going to make parts the first part you put in stacks which cost you like 50 cents each you put one of those in and then you get city coins back in this case NYC coins or whatever it's like good go. I like the document here I think that the document with a CC on it that must represent the city coins blockchain I'm going to assume I like the word it looks just like a word document like it could be easily edited and it can be saved on your computer and it's like yeah we put it in our ledger. And it's just like in the old days with one coin they're like Dr. Rooja has an Excel spreadsheet with and she's going to double your coins by November so you need to invest now so you get twice as many coins. But again it's this artificial value that we give to a place like Miami a person like Kanye West or Michael Jackson or any of these things who could all produce their own coins or maybe put an image on it complicates things produce an NFT. But yes I think it's going to happen over and over again we're seeing the beginning of this we're going to see so many more city coins exit question could you guys predict the next city coin and for fun tell us what its value would be what would you be able to buy especially with that coin Dan Eve name a city. That's difficult obviously they said that in the article they're going for my see coin and they're obviously pitching it there with their with their beautiful diagram. So I don't know maybe something maybe something probably could be the US right because they're a Delaware based based company and forgive my British ignorance but it says that the Delaware based company city coins has a mailing address in a Los Angeles strip is that literally a more dedicated to strippers. And it's so what did I hear about it when I went to LA I think it's just a good question is why a company from Delaware has an address in Los Angeles but no strip mall refers to kind of like a strip like three or four shops in a row and that would be called mall so they would just put up a bunch of those so instead of having like a like a altogether mall you just drive down the road and there's a bunch of little like nail salons and restaurants and stuff like that. Okay, so I'm going to go for them since it's top top top I'm going to go for LA is going to have a coin and they're going to do the shipper thing where there's seven trillion billion of them so the price would be like no point nor nor nor nor nor nor one said. And what can I buy with LA coin. Um. Oh, come on. I don't know. Hookers and blow. Adam McBride what city will be making their coin next and what can we expect to buy with this amazing coin opportunity. This is not going to last man. This is the this is the failure. Um, people are going to see this no governor or mayor is going to want to hook their their you know hook their cart to this horse. This horse is lost. Um, it's already a block on on Suarez's reputation. So now this is a this is dead unless they somehow turn this around, but it seems unlikely this is dead. Oh, come on. There's a sucker born every minute and two on Sundays. There's plenty of more cities and states that will all do their own coin. I think this I would put I would put this out to you though. Take this model and create it for an individual where you give an individual money like whatever and up and coming musician. You could funnel money into him as like a dow or something like that. And then his earnings kind of go back out. This sort of model on an individual basis. I've heard it back before and I think that's that I think that sounds quite appealing like selling is like futures almost selling futures of your success. Exactly. Yeah. Sounds quite cool. It's a lot like bit clout and it's also like a great for my herd from a guy named Lucifer. He said, oh, yeah. It is. I'll buy it in little pieces a little bit at a time and eventually I own your soul. Did you know you could buy fractions of soul? A soul comes in fractions. It's very true. And no, I disagree. I think there's going to be lots of city coins. Unfortunately, I think they'll all fail. I think city coin, the company will make a better animation next time. Adam will not be in LA coin as well. Apparently, you'll be like I progress at all the computer animation that went as the backgrounds, the shading, the tiling, like it's practically a Disney or Pixar project. They'll get someone on artwork to do it this time, not on next. Not a cheap fiber garbage like the guy now. Now I'm going to go buy an NS publisher. Sound check by Prince. It's going to be an amazing work. Check speaking of amazing work. Check out the WCN clips channel WCN clips now with the link fixed in the description. Yes, we fixed all the broken links in the description. And we've got new videos at WCN clips like Roger there promotes doge coin is Bitcoin winning over other cryptos and central African Republic adopts Bitcoin as legal tender. Check them out on WCN clips now with more than a hundred subscribers. You guys are fine. He'll in it. Oh, 100. 106. Moving on to issue three, the Dina confirms crypto will be taxed in Portugal. One of the last crypto tax havens in Europe seems to be closing in the future. The new minister of finance for Nando Medina confirmed in parliament on Friday that crypto currencies in Portugal will be subject to taxation. He says that many countries already have systems. Many countries are building their models in relation to this subject. And we will build our own Dan Eve paying no taxes in Europe seems to be almost over for crypto currencies. What do you think about the end of Portugal's tax haven status? Well, it was it was a dream while it lasted, but you know, it's inevitable that with the use like tightening clutches that they're going to crack down on all that, you know, there's still I think they're still the double Irish that that has happening. You know, in terms of the, you know, the Irish kind of tax loopholes, which is why like Apple and Google and all those all the big, the big fat, the fangs and all that or a thing. Yeah, you know, I mean, Facebook and Amazon, they've got the headquarters there, but they're tightening up the, the, you know, the, the, the rains and that's only going to happen with with with Bitcoin to, I mean, the thing is though, it's still classes and asset in a lot of places, but it always makes you laugh because I know that obviously just because you say something doesn't mean it's true, although the more the more the life goes on, it seems like the more people believe that, but it's called Bitcoin and a cryptocurrency. So it's it's it's it's it's money like the whole point of its money, they didn't even know that the white paper didn't create and be like it's like a bail of hay, you can sell hay, you know, it's like no, it's it's money, it's actual money. It's a means of transferring the value. So so yeah, the fact that it's still classes and asset and it's cap games related. I don't know, I think it's it's it's only a matter of time before they sort of the you know, these all these international tax agreements, they close all the loopholes, everything's, you know, on you've got stable coins for like the euro and stuff like that and they track every transaction, they know if you bought a potato, they can literally, you know, track it back to the potato that you bought on the blockchain back to the exact place in the field and all that and and. Yeah, I think it's just it's just sad that the privacy is going to go out the window and although privacy features are obviously still on the cards for Bitcoin. There's still going to be the fear of government about about the privacy of transactions until, of course, they realize that they need privacy of their own transactions because they do lots of nefarious things. And if transactions are very public, then people can tell which nefarious things the government to do. So yeah, so unfortunately it's a matter of time that one of the article mentions that one of the left block. Politicians says that it's you know paraphrasing but it's shameful to allow untouched fortunes that are made in seconds while still having a VAT on electricity and something like that kind of you know, agree with you know, especially with with electricity prices now going for the roof, etc. But there's plenty of other things that we don't need tax on and we don't need tax at all. I'm sure there's other ways we could be doing it says says the libertarian in me. But yeah, it's sad. So so sell everything now before before they they tax you on it basically. It's it's kind of romantic. Portugal really believed in Bitcoin as you see here. Portugal does not view cryptocurrencies as an asset, but rather as a form of payment. So the country did not tax them as the former. It's almost like they're the original Bitcoiners. There may be even large blockers or something. They're like Bitcoin should be used for payments and they're just very romantic about it. And then the whole time Bitcoin's gaining in value and becoming this kind of digital gold and there's dozens of other networks including the lightning network or like coin or a theory or whatever you want to use that you could use pretty well for payments these days. It's not that hard, but not Portugal. They're standing by it. They're like it's for payments. And then now like Dan says because of the EU or because of those wonderfully untouched fortunes that they could take a piece of. They're now opening up their ideas and they're like you know, maybe maybe it's payments and it's digital gold. Every time we talk about these aspects of Bitcoin always flashed back to you know learning about religion and the different aspects of the Jesus and the big debates that they had whether he was a God or a man or the son of God or part of God. And these kind of debates went on and on and on and you think it sounds silly, but where do you read Gulliver's travels or Jonathan Swift talks about the Brom big naggians and the other group Ben and naggians or something and they went to they went to war over which direction they crack their eggs. You crack your eggs long ways. I crack my eyes the sideways. We're at war. So it is funny these small distributions and then much like with the Christian religious theory maybe Jesus is all things maybe Bitcoin is you know all three forms of God in one which against it. That complicates everything. It's a cool little bit coin to God very much so. And I'm like a Buddhist atheist or something so I'm not very helpful to their cause. But still we can use it as an important metaphor which I learned studying English. But what do you think Adam and Brad Portugal a religious country as proposed attacks on Bitcoin which we know is now a form of Jesus. Well, they all have to virtual signal that they're going to help the poor right all that pulls. They're doing it for the poor now that we're taxing crypto currency. That money goes directly to the poor right. This justice for nothing else. I saw yeah, well, all I know about these governments and I because I've seen it in in different countries that I've been in. They don't they always take it back. They anything that actually like. Encourages people or freeze people to not have to bend to their their will. They eventually take back here in Costa Rica. We had this thing where people could retire here. If you were coming into Costa Rica and retiring here, you know, you need you need need much. You needed a few thousand dollars a month. You could retire here on your social security from the states and you could bring in a car tax free. They wanted these people in and you know, they did it and then all of a sudden they just like turned the switch off and if you were on your way or already planning or whatever, it's like you're screwed. Sorry. And now you have to make more money somehow because you're not allowed here any longer with your measly, you know, $2,500 a month. So this is nothing new. This is what everybody does and I'm sure they were getting pressure. You know, they just want to be reelected again and it's hard to get reelected when, you know, rich guys are not paying their fair share. As we say, there's a little force as Adam is talking about all the bit corners and crypto people who have moved to Portugal, who are now all planning to move out of Portugal. Yeah, that was a dumb move. You had to see, I mean, people were like, you should go to Portugal. Oh my god. Well, first of all, in the US, it doesn't matter. I'm getting taxed anyway, but that was, I mean, you just hear that and that's you knew that wasn't going to last. No way, no way. Well, and now what do you think about American tax havens such as Puerto Rico? They have a similar deal. It sounds like the one you say Costa Rica had where they want the business. They want the businessmen to come and then all kinds of major businessmen. I won't name any names, but certain billionaires and others have moved to Puerto Rico, purchased large properties, etc, etc. I mean, that Puerto Rico thing's been around a while now and it seems to have staying power. I mean, it's one of these things where it's this weird cork, right? Puerto Rico is not a state. It's like a territory. It's got these weird laws around it and stuff. And yeah, I mean, that I don't think necessarily is going to go away. Believe it or not. Famously, one of the first places that employed Hunter S. Thompson is a small newspaper in Puerto Rico. He wrote the T, he wrote the book, The Rum Diary, not a great book, turned into not a great movie with Johnny Depp and Amber Hurd. It's where they met in the Hunter S. Thompson film. Can we please talk about that? Not intentionally, but maybe if we have time, we have something to say. You just watched what's trending on Twitter and all day. It's like, I'm looking now. What's trending on Twitter? Amber Turd. I said, you're not. I shit you not. Amber Turd. It's an incredible topic out there. And I love Howard Stern has been playing clips and there's a part where Johnny Depp describes what happened in his bed. He's like, your honor. There was a grumpy in my belly. And Howard's like, what is this grumpy? I've never heard of this grumpy before. Well off topic now. Let's get back to topic. Exit question. Are there any tax havens left? Where are all the Bitcoiners going to move to now? Dan Eve. Is there a Citadel? Have they have they prepared that C, C world thing where they're all going to live on horrible, horrible rotting into King Boats? All of the libertarians strapped together totally depended on each other in a socialistic strategy to avoid being socialists. What was that? What it meant? Well, there's, well, as Martin said, there's Panama, right? So Panama wants to become a bit of a haven. Obviously there's there's there's El Salvador. But you know, with Bitcoin City, if they're still going ahead with the, you know, powered by the volcano, which which sounds really cool. It's always like a James Von Philan. He's like cackling by the pan. Yeah. I will get all the Bitcoiners to move there. Then I will confiscate that Bitcoin. But yeah, maybe, maybe I think I can't see anywhere in Europe because it's, you know, it's being spread by the the gray Nanogu of the EU and their crazy rules. So maybe it's going to be another South American country. Since some two of three of the countries that have legalized or made Bitcoin legal tenderer South America, we may see one more. Or maybe one in the Middle East, I don't know, maybe that'd be quite interesting to see one of the countries in the Middle East. So Iran was was pretty big on mining a while back. But I think that was mainly because there was basically mining in mosques that had free electricity. And that got kind of clamped down on a bit. But yeah. So yeah, Martin said, yeah, to buy. I don't know. Antigua would be lovely. I could go to I could go to Antigua again. I've been to Antigua. Antigua is nice. You could always go to the Caymans. You know, you're going to get their places with no personal income tax. Of course, for us Americans doesn't matter, right? You could go to the Mars. You're still paying taxes. So it doesn't really matter for us. That's a real crazy thing. Still that I, there's literally no escape. You can't, you can't go anywhere. So Uncle Sam's long spindly fingers. Liberty freedom. America. So Adam, what would you choose? Do you want Panama or El Salvador? Look, man, I like I'm perfectly fine paying a little bit more for a better country. Like I don't want to live in El Salvador. Sorry. Like I know I live in Central America. Trust me, I ain't going to fucking Bitcoin beach. Fuck that. You know, a little bit of Bitcoin doesn't fix a broken nation, right? Panama is okay, but you know. No, man. No. You're better off being in a nice country, man. It's worth the paying the taxes, honestly. It's almost like you get what you pay for. You get what you pay for your government when you participate in your government, when you don't just complain about it, but you interact with it while it's still a democracy before the, the talitarian period when you did have a chance to interact with your government. Seems like I might be a good idea. Like a, hey, if China had zero income tax, would you move to China? No, temp the Bitcoiners that have a set the Bitcoiners that have a set of maybe China becomes the big. I mean, at any point in probably like shitty coin is our new restaurant and we eat here all the time. We eat at shitty wall and that's you. But again, as Ralph Daider said, the lessons of history, if you're not turned on to history and history could turn on you or he said politics, but still just as good. Moving on issue five, Tara plot thickens, the documents show Do Kwan dissolved terraform labs two weeks before the collapse. I'm not even sure how to explain this to you, but the companies that ran Tara and Luna, the two interlegged stablecoin that just collapsed because it was an algorithmic stablecoin that had no value, but created value, but had no value closed their offices two weeks before this whole thing went down. Almost as if it was a perfectly coordinated exit scam that where when you wanted to complain and you wanted to say, hey, I just lost all my money. What happened to the plan? There is no office. There is nowhere to go. Also worth mentioning in this story, someone did go to Do Kwan's house apparently spoke to his wife. This is reminiscent of the Mt. Gawk story where the man was waiting outside of the offices, asking Mark Carpellis where was his money and Carpellis had his frappa latte. So yes, history is repeating here, but Adam McBride, what do you think about this just incredible detail? It could be nothing. They were just moving offices. They were going to set up some new offices, perfectly reasonable explanation, but weeks before the whole thing goes down, they close both of their offices. Obviously, they're incredible. You literally can't make this shit up. This is fucking insane. I wonder why he would have done that. It's not just closing offices. They close their corporations down, like close the corporations. You wonder why the fuck he would do that? That clearly indicates some bad actor. You wonder why the fuck? Obviously, it's pretty darn clear. They were just using this opportunity to siphon off $2 billion in Bitcoin. It's pretty clear. But why do the things which point even worse to you? Why do that? Why not be like, the office, I had no idea this was going to happen. All this indicates is that he knew exactly what was going to happen. So I don't even from a scammer's playbook, this just doesn't make any sense to me. It's just now riddle me this Batman. Do we know that Doe Kwan didn't attack his own coin? That he didn't receive on top of this? This is like, if he's sure today, if he's sure today, if he's sure today, he'll clearly look what a month ago he said, look, I'm going to be buying Bitcoin to as a backup reserve to protect the coin and protect the peg and they bought $3 billion in Bitcoin. It's like, how do you steal $2 billion? It's like, well, here you go. This is how you do it. I mean, it's literally incredible. I don't understand how this guy doesn't get put in Jay. How does this not happen? If there is in a case of just like clear theft, maybe it's not, maybe that $2 billion went into Gemini and went into whatever, not Coinbase or I don't even know Binance and maybe they did buy $2 billion of Tara to try and support the peg or whatever. But that should be, that's five minutes of investigative research by like, like, how is this not going to get prosecuted? I just don't understand that these guys either aren't in jail or cleared one way or the other. I remember, you know, historically going back now when Benjamin Loskey from New York City made his speech about Mt. Gox and everything and why New York needed the bit license. One of the things he said is that during the Mt. Gox collapse, he was in a room with the Japanese regulators, the people who should know everything about the financial markets of Japan. And he said, you know, we'd love to help you out with the Mt. Gox situation, we have all our guys and everything. And they said, what Mt. Gox situation? And Bitcoin wasn't big at the time, but now we've seen the same thing where we trust these kind of anonymous guys, this Doecoin guy, it's a, you know, variation of his name certainly. And he's on his third algorithmic stablecoin. And everyone's like, oh, that's something we would have loved to know before we invested and all that. And the whole thing blows up. But I agree with that, it's just an unbelievable detail. And shout out again to coffeezilla, a fantastic YouTube channel is doing great investigative reports on this. He haven't even had a clip of Doecoin where Doecoin was describing how he would exit scam. And he was like, yeah, I'd have the whole office ready to roll up and I'd have everything set. And I would do this, this, this, and this. And you're like, why is he doing this? And once again, just like with Trump and so many other criminals, they just admitted all publicly. They're like, publicly, this is what I'm going to do. And this is how I'm going to do it. And then you look back on it, you're like, how did they do that? And especially two billion dollars, billion with a B. I mean, I just don't understand. Where is he in Singapore? Is that where he is right now? Doecoin. Whatever he is, the businesses were in Korea. They were in Seoul. I mean, to think, I mean, look, my experience with government and government agencies is there. Awful, slow, terrible. And so, you know, I'm sure they have an SEC over there. And I'm sure that SEC is just like our SEC, which is really crappy. And can only come in and clean up a mess many, many months after it's over. I mean, look, how many times was our SEC made aware of Bernie made off right for years? And it couldn't actually do anything to the thing to the whole thing collapse. Right. So, you know, this is what it is, man, these, these, these organizations aren't built for anything. They can't do anything. All they can do is maybe come in at the end. And like, dude, he probably won't even live there. He'll move to some place where he can't be extra-rated and live out his days as a billionaire, man. But just how crazy is that? You can just dissolve the companies and then that absolves you of any responsibility. Well, dude, I heard that this was interesting. Like, like two weeks ago, I read about Disney, right? Disney acquired the rights to why it wasn't Star Wars. It was, but whatever, they acquired rights to to one of their, you know, movies that they've now made and all this sort of stuff. And one of the things when they acquired that rights was the guy who wrote the book was supposed was receiving royalties from the company that originally owned that book, right? So they bought the book and all the rights to the book, but not the, not the having to pay the royalties part. So Disney doesn't have to pay, that's what I said. So you can buy the assets, but not the liabilities. So the liability that that company was supposed to keep paying that dude royalties for every movie they got made and sequel and all this sort of stuff stopped when they sold the assets to Disney. And like, yeah, that's not the way. Because then the company can go out of business with all the liabilities exactly. That's exactly right. And I'm like, how is this? It's the most unethical thing I've heard like ever. And it's legit. It's real. It's being played out. It's being played out like South Park depicts Mickey Mouse like, oh, come on guys, just fuck him. That's it. We'll write now. Fuck you. In two more years, we could put up an image of Mickey Mouse from like the 1930s because he's finally coming out of copyright. They have the net. The whole copyright was 50 years. Disney got it extended just for the mouse, another 25. And we're actually going to come to that. We're going to reach the point where everyone can use Mickey Mouse for anything. And he's never going to happen though. You know that, right? Although find a way. That'll be a loophole. That'll be a loophole. But I do this, this doke one and this stable coin is whether it's a straight up allegedly, it's a Ponzi scheme or if it's like you were building a tower of cards and it's an intricate scientific process and you screwed up a little bit and you knocked it over. And if you hear that, you're not guilty of anything. You could do anything you want as long as it was like a house of cards and we screwed up. We meant good. We just knocked it over. And that's the thing is we have to figure out if you if this was just, you know, badly written program bad idea and all that or if they intentionally hacked it or if they knew about it being had all these things, which I'm sure the Korean government and the investigators and detectives and things should be sure they're on the case now. Yeah. Kind of working. There's a magnum PI when we need it. All right. Dan Eve, what do you think about Terraform labs shutting down their offices just? It's extremely coincidental. Right. And it's not just one, but it's two, it's two offices, both the one in Busan and one in Seoul. It just seems extremely, extremely odd. Wasn't there meant to be some like word on the street was that that traditional players were behind it like Black Rock and Citadel or something or something like took out a they kind of fake fake. There was like three different theories going around. And none of them had any evidence, but they were all really juicy and fun to talk about. Irie. But definitely, these were in on the we're in on the Luna token. 100% Yeah. But the evidence that we do have is that the company's got just old and that's and that's some BS stuff right there. Like, you know, that's a big big indicator. It's got it's obviously quite scary, but quite I thought it was quite funny when I heard that someone like snuck into the dog quant house. I could just imagine it may like like he just like gets home. He's like, and he turns on the light and there's like a guy in the corner going, when marketing, when Binance, when Coinbase, when stock market, when when Luna National Current, when Lambo, baby. It was funny, but the guy also said he lost two million dollars and some of his friends and committed suicide. So we can see these things as scams from miles away. And very questionable. A lot of other people saw the mostly which blends into our exit questions. I should bonus topic, billionaire founder of crypto exchange Binance, who also wanted to give 500 million dollars to Elon Musk to support Twitter with no business plan and no plan on how you get the money back says that he's poor again after his Luna holdings. He invested in Luna once worth 1.6 billion dollars crashed and are now worth just $2,200. Adam, you could buy all of the shares of Chengshan's Zao's, the Binance guy. You could buy all of his Luna for a mere $2,200. What do you think about first the size of this investment? Well, actually the size of it was only $3 million. Man, I mean, it wasn't like some crazy amount. Oh, is he leverage or something? No, he even was in the same deal. He got in when all the VCs got in. So they bought it. He got $3 million. It went up a thousand X or whatever. And it was worth, you know, 1.5 or whatever billion. It was like all these VC guys. I heard like the VC guys were getting in it like 18 cents, right? And it got up to like $90 or $100, right? And I'm sure they publicized that on a publicly available website before they did it, just like all good VC guys. Man, the thousand X returns, right? So, but that's, it's funny, man, to say, if he said that, you know, I take, I take media with a big grain of salt. I doubt he said that, but if he did, you know, he might be poor with, you know, half a billion dollars or a couple billion dollars, you know, I'd, guys, look, guys jump off roofs. If you're, if you're worth $10 billion and suddenly you're worth half a billion dollars, you might jump off a roof too. Like how are you going to fill your jet? Like fuck, man, you're done, you know? And only think of that character from Silicon Valley when he's like, I want to be three commas. I'm back to two. Like it's unacceptable. And I almost like hundreds of millions of dollars. Like he has hundreds of millions of dollars, but he wants a billion. Dude, you got to be in the three comma club. Everything else is just poor, man. Dan Eve is a finance guy. Poor again. Now that he's lost his $1.6 billion. Well, it's one of those things where you didn't, you kind of, you didn't, you didn't have it, right? You're like, you had it, but you didn't have it. It's like, you know, you had it, you, you invested three million. It went up to 1.6. I think, but by then, they made $14.6 billion dollars last year of fees. And as much as you can hate on CZ Binance and, and, and, and, and, and, and co, but they made it on trading fees. They didn't make it on like, and like a traditional bank does, which is like, shitting on people who are in their overdraft and, and that's kind of, that's one kind of good thing. But, sure, that's going to be one of the biggest, like, yeah, I'm not sure what his state was compared to others, but one of the biggest and fastest losses in history in terms of an asset that went from, from, from, from, from X to, yeah, four billion into one day. I'm like, Adam says where he got to go on a ride. That he put like three million in and he went up to 1.6 billion and then he goes back down to 2000. It's still a very painful ride, but he got it. He probably had fun when it was up near a billion. He was probably feeling, I mean, people say, I don't know, people say he's the wealthiest guy in the world, except maybe Putin or something. I've heard that kick around. I don't know if that's true. I don't know how many he's got some, some pretty hardcore like shit going gains under the roof. But Looner's, I love the, I love the early point. He had like an artistic belief in gathering Bitcoin and he was a finance guy, but he believes so wholly in Bitcoin that he was just stacking like mad and you know, he deserves everything that he gets for that. He's very successful. I worked out that it's a Looner lost 99.9998888898% You're saying there's a chance. So you're saying there's a chance. I'm saying that it's actually go up 1.111, 111 billion trillion percent. No, but it's savage, right? It's really bad. No one, you know, we have a joke about it. It's brutal because it's, it's better, but if you put your money in like it's, it's an awful thing like to, especially if you put their life savings in and it's sad that we do see a lot of that happening now that it can still happen. There's no, you know, there are protections for people. They can put all their wealth into some crazy ass shit going that's, you know, what's the word? It's algorithmically, you know, pegged as a stablecoin. Algorithmic pegging. That's the next in thing in the bedroom. Sorry, that's a bit more than that. You got yourself. I'm going to Dan. But yeah, that's savage. It's savage. So just like, whatever you do, like if you jump on a shit coin ride, like, you know, because people are going to do it, they're going to dip their toes in. They're going to be like, oh, Bitcoin, you know, I can't buy it because it's $30,000. You know, 67, it'll be much higher. They'll still jump on a shit coin, but just don't foot for the love of God. Don't, well, for the love of Bitcoin, because that's what it was compared to, God earlier, just don't put all your beans in it. Just save some beans, right? Don't just think to yourself, wherever you're buying a shit coin, just think, can I lose all of this money right now? And then, and that's it. That's what decision you make. Like, if I put all of this money in and I lost it, like, can I, can I lose it all and not be absolutely devastated? And if you can, then like, you know, then glory be, you know, you know, dabbling in the shit coin, or just buy Bitcoin, but just buy Bitcoin. If you're going to do it, just make sure you don't screw yourself like this. Yeah. Good advice. Exit question, which is worse? Buying Luna when it was on its way up, like, CZZ, like he bought it early, or buying on the way down like KSI, who also turned two million dollars into about $200. So which is worse, Adam, buying on the way up, or buying on the way down, thinking that you're like a smart speculator guy. There's pain all the way around. I guess the worst is, I mean, this the thing, a lot of guys, nobody was buying this necessarily think they're going to get a big pump. They were flipping into this, thinking this is going to be, this is their stable coin, right? It's like they were using it as stable coins. They were getting, you know, some 20% APY on it. It's, you know, and I know, you guys do it too. I'm sure it's a lot of people keep a lot of their money. Anytime they roll out of Bitcoin or ETH, they roll into stables. I mean, it's just like this people in my DMs all day, I mean, I'm sitting got a whole bunch of stables, you know, waiting to make their next big move. And you see one of these stables collapse. It's terrible. There's no way around it. It's, it's fucking terrible. Um, yeah. Yeah. Maybe it's worse than if you had a billion dollars and it gets wiped to zero. That's probably worse that you didn't take any money off the table. But this is a little different. Like CZ probably didn't have the billion. Whereas KS, I did have the three million. Like he could have just bought other stuff with that. Uh, and it's pretty buying like on the way down and after the crisis. And it's just such a bizarre move. And then to tell everyone about it publicly, just I don't understand anything about it. But that's what he did allegedly. Then Eve, is it better to buy on the way up or on the way down? I don't know. What do you say? Well, it's, it's, it retrospectively, it's always better to buy it on the way up because if you're saying that, then it still went up. Whereas buying it on the way down is, is like catching a falling knife. But in Luna's case, it's like catching the fucking star bomb. Like a, uh, uh, it doesn't matter if you wiggle a bit either way. You're new, you're new. That's it. Boom. I though I tell you, I do know people when it was hit like super bottom, they put in, you know, 500 bucks, you know, and made 15 grand in, because they're traders, they, they were just, yeah, they caught these like bounce scalp it. And, and they were scalping. Yeah. Some people were able to do that. I'm not smart enough to do that shit. I don't have the willpower. Galfa bit. And I'd be like, Oh, it's gonna go keep on going off. And then it goes back and learn. I'm like, Oh, that's right. I'm a loser. Okay. All this one, a friend of mine always used to tell me how he made money on BitConnect. So he was fine. Yeah. And it's just, I sell early. You buy at the right time. I get out of it. Like Dan, say, if you don't have the money out in your wallet, you don't actually own it. And a lot of times people look at these things and they're like, I was up on, you know, Joey coin up far 1000%. But if you had tried to sell Joey coin at the top, there wouldn't have been enough buyers. Like it would have went down, down, down. You wouldn't have been able to sell as much. You really didn't have that when you sell it, when you have it, that's when you have it. The rest of the time, it's all paper money. All right. I think we're out of stories. We're going to move on to predictions or a story of the week. Dan, Eve, are you ready with the prediction or a story of the week? Yes. I get a choice because I never have a story of the week. It's dull in Danville. My story of the week was like, oh, I've genuinely was that my story of the week was that I almost sunk 10 grand into, I don't, I have 10 grand, I've 10,000 credits of some sort into into Luna because I thought, you know, it's great. It's lost 99.99998888888% how much worse can it go? And I didn't do that. And I'm happy that I didn't. But my prediction is, so I do have, there you go. I do have a story of the week. My prediction is that China will ban Bitcoin again. Oh, not again. And, uh, you know, if it's still banned in China, right? They didn't. They unbanned it. I'm sure I read double doubles. You could probably know it's still banned. It's still banned. No, I thought mining's ban. But like, right, unbanned. I don't think it's unbanned. I don't think it's unbanned. I think it's still banned. You cannot ban a thing that is unbannable. Yeah. If I say it, it's Bitcoin. All right. Adam, we've tried a story of week or a prediction. Go ahead. Well, it's funny because also in the trending on Twitter is Elongate. I don't know if you guys saw this. Elon was accused of, I don't know, obviously, I love the hashtag showing his private. So, but Elongate was, you talk about shit coins. Um, really the only time I lost money over the last year was buying one of these stupid shit coins. And I did it. I don't know what I bought Shibu. And the other one was Elongate. There was another one called Elongate because Elon had tweeted out if I ever have a, you know, they ever come after me. It's going to be called Elongate. So these guys made a token called Elongate. I bought that. It pumped up. You know, I tripled my money quite triple by money. Oh, shit. This is going to, you know, idiots like me. All they hear about is the dude who bought something at and bought $200 worth of it and turned that into $24 million. So automatically, I think, oh, I'm going to turn mine into $24 million. Whatever. I didn't sell a penny. And so I still have that Elongate somewhere in some wallet somewhere. I could go find it. And it's probably at like, you know, 0.00008. But it's trending again. So who knows? Maybe we're going to turn this ship around. Oh, my God. It's that 57% and it is actually worth no point, no, no, no, no, no, no, no, no, two, three, four dollars. Now you got to find your old wallet. Is it up today? Is it up like, it's like, it's like, it is 50% 50% yeah. I'm never doing this show again. I'm going to go retire. Done. Elongate. Yes. We'll have to see how that turns out. There's a lot of a lot of trouble there. We'll have to see how it goes for him. It's awesome. So we've got stories that we care for the show. Check out life on Bitcoin. This is a classic documentary that you probably haven't seen. It was filmed in 2013. The price of Bitcoin was around $100 and this young couple of newly weds decided to live on Bitcoin for 90 days. As you can imagine, the documentary starts out everything fine and rosy and by the end boy are they tired of having to beg every time they want to buy gas or go to the supermarket or anything like that. Yet at the same time, everyone watching now will be like, what? They paid point two for a train ticket. What? They paid point two for a bagel. All this kind of thing just keeps happening. Has anybody done the math on the total amount of things they spent 80 times? I talked to Austin at the conference and I think you spent around 84 Bitcoin that day on kind of living and on this project. At the time, they'd raised an amazing amount. I think they raised like 84 and they spent it all on filming and cameras and all this kind of thing. And then as you can see here, the documentary was finished in 2017. That's when I got to see it at the internet archive. But it took them another four years to get it onto these platforms. Like it's on, you can watch it on Amazon or Apple iTunes. It's like $5. You guys should go buy it. I'm sure they aren't making money on it. But it's so classic. Can you pay with Bitcoin? I'm sure you can't pay. Everyone's eyes like, I can't spend $5. All day long, they're like charging their gasoline and charging their stuff at Amazon. But if it's to buy a movie for someone and it's Bitcoin, it has to be Bitcoin. But you guys should check it out. It's fun. So in their features are very own Josh Wright for he was with the Yard Placer and having been. It might be Josh. There's a six foot tall Josh looking man. There's a great interview with Yard Placer at room 77 historic Bitcoin bar in Berlin. And again, the interviews from 2013. She's they've got great interviews with Adam Levine, Kashmir Hill, Charlie Schram, a bunch of other great people back in the day, 2013 Tony Glippi stuff like that and just totally classic Bitcoin documentary that I don't think that many people have seen. So that's going to say 2018. I met Yard Placer for the first time actually at Blockchain Hotel. And we got the train to got the train to Berlin for I think it was Blockchain Europe one of these like over you know, extravagant for Abjoo crypto conferences of 2018. And then I think he was he showed me an article about when he first because he was the first brick and bought more to business in the world to accept Bitcoin. I think it was something like 2.5 Bitcoin for a burger and a beer. Except in Bitcoin 2.5 Bitcoin for for for for a burger and a beer. Wow. Absolutely. A legend. And as you can see in the documentary, they kind of go around the neighborhood there in Kreuzberg in Berlin and everyone they talk to they're like, why do you accept Bitcoin? And they're like, oh, Yorg over at the bar made me accept it. Oh, Yorg made me accept it. And really he just created a whole Bitcoin neighborhood there temporarily did nothing last, but it was an amazing time back in 13 or 14 when this bar in Berlin and everyone around it all took Bitcoin. And I will plug myself there. Adam Levine is one of my favorite podcasts I've ever done. If you guys check out my podcast, my interview with Adam is amazing. He is mind blowing awesome. Adam's greatness interview too very much ahead of his time. Also great to see him from 2013. Everyone looks younger. It's a fun fun thing. And I made it all the way to the end to the credits. And I was shocked to see my own name on the screen. Like I said, we when I was at Perse, we sponsored the Internet archive premiere of life on Bitcoin in 2017. And they included Andrew Lee, Kent Lou and Thomas Hunt from Perse. So I was very cool to be included with Perse crew and Brewster Kale, the founder of the Internet archive, you know, just put my name right above his there. And then I was in there again, because they went to our Bitcoin meetup and must have filmed there. And you can see Page Peterson is well declared. And Thomas Hunt again, the San Francisco Bitcoin meetup. And our names right below Roger Vier and and Dres and Tenoppelis there. So pretty cool. First time I've I've ever watched the credits of a movie and seen my own name, let alone to see my own name twice. And I also got a new interview this week on World crypto network. Check out proof of work and interview with Travis, Travis Erig, one of the co founders of Curio cards that I also worked on in 2017. We talk all about Travis's first computer in this exciting interview. So that's about it. We got a spoiler. What was it? Commodore 64? What was this first computer? Seems like a Commodore 64. I don't know. Probably just an Apple or something. I think it's a lot of people are like just generic PC. I think he said computer labs. Yeah. So some some game and it's so great to think about the small decisions that developers make like a developer didn't make a save mode for this game. So young Travis had to come down every morning, play through the same levels of the game so he could get to the part of game that he liked. And it's just like this whole thing like I is like, yeah, I got really good at levels one through three. So I could get to level four that I enjoy. Dude, I remember I would like play the game before the school bus came in the morning. And then if I got really far, I just paused the game. I turned the TV off and paused the game would sit paused for like nine hours. That's the only way you come back from school and pray. It's nothing happened in my mom did it. Or something. Or your brother comes and plays it and resets it. Looses all your lives. That's all we had back in the day. We were completely dependent. We had no other options. But you kids in your video games today, your tech jerseys and your gaming teams, your League of Legends. But that's a topic for another time. Thanks to everybody for joining us. Be sure to give us a thumbs up down below and push subscribe. Until next time.

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