You guys will have to mute none mute because there's a lot of chatter in the back. The Bitcoin group, the American original, for over the last 10 seconds, the sharpest sitosie, the best Bitcoin, the hardest cryptocurrency talk. We'd like to welcome our panelists, Josh Tegala from thestandard.io. I could take double of what you could take anything. Very unique. And Eve, the crypto raptor. Live from Fortingbridge. And I'm Thomas Hunt from the World Crypto Network in the United Kingdom. Moving on to issue one. Issue one. Mad money's Jim Kramer offers advice on cryptocurrency investing. Yes, the old dogs are here. And what amazing advice do they have for you? Buy Bitcoin and Ethereum. Yes, Jim Kramer of Mad money. The man who pushes the button and tells you the truth about what to buy. Victor Bitcoin and Ethereum. Josh, what do you think of mad money's advice and has he solved investing for all? Oh, man, it scares me that he's saying anything. As soon as that guy says anything, you want to get out because it's like the Shushan boys, you know, when they start talking about a stock, you get out. But well, let's see. You know, maybe it'll probably go lower. So anything that guy says get out because yeah, you want to be ahead of that guy. Basically. Dan Eve, Jim Kramer is here. He knows everything. He's mad money. Well, it's always a good time to dollar average in. But I think I'm an agreement with Josh that I think we've got a bit lower to go. We haven't quite tested the like the $21,000. The sailor, the sailor safety net, the micro extra energy safety net. So I think that there's a bit of movement ahead. We're still pretty much now like just over halfway to the next harvining, right? So, you know, I think there's a bit of a choppy road ahead. And also, just about if the fact that as soon as you hear the taxi driver and the Shushan is saying, Hey, buy Bitcoin, then it's time to not be buying Bitcoin. But at the same time, don't sell Bitcoin either because you'll always regret it at some point. Josh Tagala, Michael sailor was quoting Jesus this week going to turn water into wine. Is he getting religious as we approach the $21,000 sailor barrier? Anyone that goes into Bitcoin hard starts becoming very religious about it. We've all been there. We've all been there praying at the altar of Satoshi. But yeah, Dan, did you just fractalize Bitcoin where at the half of the harving for the half of the harvining? The half of the harvining. Everyone celebrates that. It's like an unbirthday. The good old half of the harvining. It's your unbirthday. It's my unbirthday too. Nice. The thing is, it's a hump day if it's halfway because that's when it starts to head back up. Yes, the very popular humpening festival. The humpening. Yes. Exit question, Josh Tagala, competing against the magic it ball of travel, the predictor of prognosticator, higher or lower Josh Tagala next week. Well, I would say it's going to maybe do a little bit of a bounce and then it'll continue in its bearish consolidation just to put it in technical analysis terms for you there, folks. Dan, eve, higher or lower? I've seen the triangles and it's going to lower. And now the magic ball, will the price of Bitcoin go higher? We're going to need additional support here. It says, ask again, ask again, the ball traveled all this way to tell you to check back in later. Maybe we'll check back in later, but for now we're moving on to issue two global Bitcoin adoption to hit 10% by 2030 according to a block wave report. Bitcoin like the internet and social media benefits from network effects where more adoption spurts higher value and incentive for additional take up causing more adoption and higher value. Of course, we've heard this before when we used to talk about trace mayor and the seven network effects of Bitcoin, which he published June 29th, 2015. For seven years ago, of course, trace identified the seven network effects of Bitcoin as speculation, merchant adoption, consumer adoption, security developer, mind share, financialization and adoption as a world reserve currency. We're well on our way and also we celebrate James to Angelo and it's an excellent series. And you start to see the S curve here. As James said in Bitcoin 101, why Bitcoin's growth is normal and the S curves that you could see November 12, 2013, over on the world Bitcoin network, James to Angelo, listen to just a little bit. Now, S curves aren't the only way populations go. Famously, the dinosaurs had nice exponential, exponential, maybe they even saturated for a while and then they were gone. There's a number of things that can happen. You can start to go into this vertical area of your S curve. And who knows, say humans land on and they kill all the rats? Chico, right? Or a disease kills all the rats or a flood or a drought. So there's a number of things that can happen to a growth of a population but it's important to realize that this S curve not only works in biology but it also works in economics. And we're going to look at two companies that have exhibited this S curve to a T. The first one really making the news, right? It's Twitter, okay? Making the news in 2013. And we're going to plot them on the same graph even though their beginning times and their IPO times were different. But we're going to say here's T.O. T.O. Good, good, good. That he's drawing. That he's drawing. He's a professor. He's an excellent artist as well. He's important. And this moment actually is important for any company, right? When you release your shares to the public. So this part. But anyway, James, this video is fantastic. I wish we could play it all. But he continues to show how Bitcoin, viruses, Facebook, Twitter, other things that go viral, and they have an S curve like that. Are they correct? Dan Eave will Bitcoin and global adoption hit 10% by 2030 an incredible number. I don't know. I think it's going to be quicker than that. Temperature seems like a low for-cost by 2030. It's 2022 now. So there's like, there's eight years already. And we have smartphones that can have Bitcoin wallets on them. Or we then have a full node on them. You can have Bitcoin and use Bitcoin on a smartphone that you can get for $20. And that's only going to get cheaper as time goes on. And more accessible for these countries with, especially with things like Starlink, Starlink, Starlink, Starlink coming online. And like servicing the areas that don't currently have the internet. So soon they're going to be able to have a smartphone and internet in extremely sort of sparsely populated areas. And that's going to be accelerated by technology. And then they'll have the ability to get on board with Bitcoin. And other cryptocurrencies that they might try and use it if they, yeah, if the SATs become too expensive. Because that's the thing, right? Is that Bitcoin is good for servicing the unbanked. But like if transactions, you know, if Bitcoin does reach the million dollar blah, blah, blah, blah, and there's, you know, transactions are like $15. They'll have to use white lightning. So it'll have to be all like it and not main change. And then beyond that, we've got micrositoshies. We've got it covered. We've got it going. Josh Sugala, are they right? Well, Bitcoin adoption hit 10%. Yeah. Yeah, I think so. I think if not Bitcoin itself, definitely the entire crypto space, like, you know, you just can't, you won't be able to get away from it. It's all going, it's all going this way. It's just much, much more efficient. You know, rather than even just to look at the defy space, why would you hold, especially in Europe, you got negative interest rates. Why would you hold your money in the banking system that you're, that's child. It's not a large in you for the privilege of having your liquidity. It's insane. So there's not only that, you can then start to borrow against your own assets without, you know, trusting any bank. There's so much you can do with your liquidity in this space that it's just, it's going to go that way. And yeah, it's definitely going to be 10% if not more. It seems like everybody in their brother is getting into crypto. And they're all subscribing to WCN Clips. Check the link in the description WCN Clips now with 109 subscribers. And the next one could be you. We've got clips from just last week Roger Vier promoting Dogecoin Central African Republic adopting Bitcoin as legal currency, Fidelity, El Salvador and more. WCN Clips, the link in your description or Google WCN Clips for clips. Let's show. Moving on to issue three, as El Salvador's president tries to silence free press, journalist brothers expose his ties to street gangs. Yes, it seems that naive Bukali made a deal with one of the largest street gangs in El Salvador, a deal in which Bukali aides gave jailed leaders of the Mara, Salvrucha gang special treatment in exchange for their pledge to reduce violence on the street. At first the deal was successful, however, when it broke down, the gangs murdered 62 people over a weekend, resulting in a crackdown where Bukali arrested everyone who looked like a gang member, including anyone with a tattoo. Bukali is also in danger of default. A year after they adopt Bitcoin as legal tender, they could default on their sovereign debt in 2023. It doesn't look good for Bukali and El Salvador as a team of El Salvadorian brothers have risked their lives to expose this story about the street gangs now featured in the Los Angeles Times. Thomas Hunt, your thoughts on El Salvador? Well as we've discussed on this show many times, the Bitcoiners just went into El Salvador as if they were also naive of Bukali. Anyone could have searched the Wikipedia and read about how he took power through violence, how he brought men with guns onto the floor of Congress and took power, how he replaced Supreme Court justices with violence and threats of violence and know that it wasn't going to end well. Not to say we can't say, hey, enjoy the Bitcoin, have as many backwards hat featuring conventions as you want, we support you, which we certainly do. Try it out as much as you want, but we didn't all have to go there, we didn't have to move there, we didn't have to build the city inside of a volcano to know that this wasn't going to end well and it doesn't look good again for El Salvador. It's important to have a strong democratic and reasonable government that you can work with rather than having a dictator if you're going to have a Bitcoin paradise. But we are surprised and shocked of these new and horrible developments. Josh Legala, are you surprised and shocked that Naib Bukali had deals with the gangs and that the dictator just can't seem to be trusted? I mean, any, you know, gang, any government is a gang. It's just has a monopoly on this, on the use of force. That's the general thing. You have the monopoly on the use of force. The thing is, if you're not that good and the other gang decides to go even more forceful, then you have to compete. And so making a deal seems pretty ordinary. So that's coming at it from a market economic sort of point of view. That you have to fight fire with fire. That's how revolution is always generally violent. And because you've got these two opposing teams trying to get gain the power of monopoly of the use of force. And yeah, it's not surprising. I don't know really the ins and outs too much of it. But what I do know is that when it comes to the default of the place, the amount of Bitcoin that they're buying isn't extraordinary, even for such a small country. So I think there was way other reasons. So heading towards default like many, many countries are anyway. And so, but what I do see is that there'd be a lot of countries now pointing at them saying, oh, I see Bitcoin made it default when it's not, it's just not. It would have been heading there anyway. And I think Bitcoin, actually if we hit a start to hit a bull market soon, it could actually go the total opposite way. And we've seen this multiple times. And really if we look at the 21,000 dollar cap that Michael sailor has on his long position as a margin call, it's sort of similar, right? And sort of similar. So we'll see what happens. I hope that they don't. I hope that the experiment works out. I don't really have a horse in that race in terms of Bukheli himself. I don't like governments. I try to do as little as possible with them. And I think everyone else should as a as a libertarian and like a capitalist tie, I like to do as little as possible with with the state and try to fix complex social problems without violence. Well, as we all know, Bitcoin didn't choose El Salvador. Bitcoin didn't speak for it. It didn't speak against it. Bitcoin once again, despite our efforts to contact it was silent on this issue. Dan Eve, will there be big investors for the volcano bond? What about the El Salvadoran experiment? Well, I'm not sure about the volcano bond, but you know, I think there's a lot of heat on El Salvador at the moment. They're only only about like what, 66 or something million at current prices. So according to Google, they own 2,301 Bitcoin, which is, you know, saying just $29,000, you know, is 66.7 million, which is like not obviously not enough to cause the to blame, I think, for their default of the $800 million loan, right? Because there's obviously a huge difference between the $800 million deficit they have and the 66 million. So I think it would be just convenient to blame it on Bitcoin as the big kind of failed experiment. But ultimately they don't have much chance. You know, everyone else has got these cuts, these big deals with the IMF and they have all these cushty sort of deals. El Salvador's a small country. So this was a bit of a taken a chance for them. And like, why not? Why not give it a go? Why not be trying to get out of that slavery from the ridiculous system that, you know, the slavery system that we currently haven't been governed by a bunch of other governments and have sovereignty using using Bitcoin. It would just make perfectly logical sense. So yeah, we'll see. The fact is though the IMF and the international, you know, the Bank of International Citizens, they're all salivating right now. They're waiting for the sale, the sailor, you know, what you call it, the sailor, $21,000, they're waiting for El Salvador to go and then they can just use that for more regulation and to cut, you know, try and throw Bitcoin as much as possible. Oh, wait, exactly. Obviously. Obviously, the sale of moon, that's what they're waiting for, the opposite. It could be quite a reversal, yes. Exit question, will we see the collapse? Will Bukheli give up on Bitcoin? Will sailor give up on Bitcoin? Give me a quick yes, no, Josh Shagalla. No way. They both stick it out to the end. Dan Eve, do they both stick it out? Yeah, I'm going with, they'll stick it out. They'll be pumping Bitcoin for a moment. Strong men also cry. Strong men also cry. Moving on to issue four, human rights advocates tell Congress that Bitcoin is essential in countries with collapsing currencies. Yes, in response to a ridiculous record, letter that was written by prominent technologists, complaining about crypto for being too risky and unproven. Human rights advocates from around the world have sent a rebuttal to lawmakers saying that in countries where local currencies are collapsing, broken, or cut off in the outside world, Bitcoin and stablecoins allow the trading in and out of crypto without going through a bank, allowing tens of millions of people access to currency and banking, despite living under authoritarian regimes or unstable economies. Dan Eve, what do you think about the incredible success of Bitcoin and the human rights advocates version of cryptocurrencies? Well, I think the other bank, the best way they can get in there, they don't need to do what they want to do. I think the key thing is to get an app on their phone and start being able to pay people. It's the easiest thing to do. You don't have to fill in any forms. You just need to make sure you store your seed and then start transacting with people. It's the quickest way to be in control of money and to be able to pay people around the world. So there's a lot of appeal for it. If it's not Bitcoin, the article mentioned stablecoins as well. The fact that it's just as easy for someone to get a meta-mask wallet on their phone and then just start transacting stablecoins with other people, especially on chains like cheaper chains because Ethereum is way more expensive than Bitcoin to send transactions. They can send stablecoins on like Mac and BSE and these other optimism, all these other networks and later tools on Ethereum as well as obviously lightning. There's a lot of variety for people to actually choose from. The fact that they're trying to lobby Congress from an activist perspective is really positive for Bitcoin because activism or slaptivism, the old pressing vote. I vote my vote here or whatever online and you can be a petition here and stuff like that. But activism is really popular right now. If they're going along lines of their battling the environmentalist side and saying, look what it does for countries that are absolutely stuffed by their currencies, it gives them access to a financial system without a tyrannical banking system. I think it's a good thing that they're lobbying Congress from this angle because it's a heart-string puller and no one wants to let these countries lose out and their people lose out because they don't have access to financial systems. I know all about the stablecoins, it's where they keep the horses. Josh Shagalla Bitcoin, is it finally banking the unbanked? Yeah, I mean this was the dream when we all got into it. When James DeFranco was doing the videos back in 2013 and even earlier, this is what we were all talking about, banking the unbanked, getting away from the banks and unbanking the banks. It's also the cause. It is really happening. I see a lot of economies that basically just like the mobile phone, places like Nigeria that just jumped the landline altogether and went straight to mobile. They really are embracing this too. It's one of the largest use cases of Bitcoin is over there. It's actually an underserved market, but it's also underappreciated how many people are using crypto right now. This is why we at the standard diet are getting in the stablecoin game as well is to allow people not only get people the use cases of what Bitcoin is because once you have stablecoin, then you can buy the speculative assets that you need like Bitcoin at the moment. It's an extraordinarily huge market. It's a very, very important market and it's the dream that we all wanted. It's the banking the unbanked. I really applaud the group that went after that and actually set the story straight. Well, whatever you do, don't gamble all your stablecoins on the ponies. I had a parlay with the ponies and it went nowhere. So we're moving on to issue five. Issue five. Everyone's favorite issue. It's back again. Gray scale bitwise are confident that a spot Bitcoin ETF will be approved soon. We talk about ETFs all the time. People have money in their retirement accounts. It's pre-tax money. They want to invest in Bitcoin. They don't want to pay that extra fee for a Barry Silver. It's company. Right now, they can buy futures ETFs. But once again, the confident will be approved soon. Dan Eve, will we see a Bitcoin ETF in America so people can finally invest their retirement money in Bitcoin? Eventually, but things like the recent lunar crumble, even though that's nothing to do with Bitcoin, it's still being, it's still tarring Bitcoin with that brush. That's where a lot of the off-position is coming from. Regulation is like, oh, these cryptocurrencies are dangerous. Look what happened to lunar. Well, lunar isn't Bitcoin. It's a completely different kettle of fish. But people that aren't technologically educated on Bitcoin and cryptocurrencies and the difference between them all. And the fact that Bitcoin is the hardest of hard money for a number of reasons, compared to these other cryptocurrencies, unfortunately, Bitcoin still gets the bad rap. So, you know, fair enough, it sounds like it's coming from a good place that they need to protect people. But we're already seeing the fact that the, you know, tree traditional banks are opening up their doors to Bitcoin clients, but only for high net worth individuals. So really, what does that actually tell you is that they're actually what they're doing is that they're literally holding a gate in front of the people that could benefit from it most and only allow high net worth individuals to interact with Bitcoin via their services and the guys of protection. But they just know that they're letting their friends who are also high net worth people get in early. So, I think a spot ETF is on its coming, but whether it comes quite soon, I think that, yeah, a lot of the fund is still lingering around. And I think some of the environmental stuff needs to be cleared up before, in terms of, we already know the situation, but to be made more evident to the people that question it. So it's one of those things that just disappears off the Bitcoin fund list. I could definitely see them bringing in some Bitcoin programmers to Congress and then saying them, what about Luna? Did you work on Luna? Do you know the Luna guys? Do you hang out? They're very clearly intertwined, even though we all know they're completely different projects. Josh Shagalla will we see a spot ETF? Give the people what they want. I want my ETF. We can't possibly offer that. If it's far too risky, far too risky, give the people a $1,100 million, $1,100 million chance at the lottery. That's fine. Allow them to gamble on the horses. That's fine. Allow them to gamble on the slot machines. That's fine. Something like Bitcoin that has made everyone wealthy if they've held it for more than four years, not fine. Very well said. Agreed. Much agreed. Moving on to issue six, Jack Dorsey and Jay-Z launched free Bitcoin Academy to lift New York City public housing residents. The men are funding a Bitcoin focused education program for the residents at the rapper's childhood home. It sounds like the pretty much the greatest story ever. I'm 100% in support of this. I'm glad to see people with large amounts of money contributing to Bitcoin education and especially Bitcoin education, targeted at specific groups, especially lower income groups that could really use the potential help of Bitcoin both in avoiding fees. Having a bank account that won't be closed, a bank account that can be opened without an address or a permanent location. If you have to move around a lot, there's a lot of benefits that I think could be offered to people in this situation from Bitcoin that they wouldn't get otherwise. Shout out to Jack Dorsey and Jay-Z. Hopefully it turns out great and it becomes good work. Josh, Shagall, your thoughts on Bitcoin education project? Yeah. It's absolutely fantastic. This is the stuff we're talking about. We had Jason King back in the day, back in 2013. He was helping homeless people with Bitcoin and homeless people were getting Bitcoin and I hope that they didn't just shove all the profits up their arm. That's the unfortunate side of being homeless a lot of them have substance abuse issues. But yeah, I hope that it maybe can get people out of a people when they learn about Bitcoin because it teaches you all sorts of things. It teaches you how to save, how to really push any sort of joy or something that you want in the now and sort of be able to push it for a little bit down the road. That skill, just that skill itself is a really important one. It's a life skill that will get people very, very far and it's a skill that has been lost over time because as you're saving in Fiat, I wouldn't say everyone consciously knows it but unconsciously you kind of want to get rid of Fiat as much as possible because it's just losing value and so people just generally don't save. But with Bitcoin, once you start with Bitcoin, generally you don't want to spend, you're like, do I want this thing that bad that I'm going to get or should I just hold it for another week? So let's see. Dan Eave, you're a thoughts on free Bitcoin education. I think this is one of those headlines that like if you'd have heard it 10 years ago or even like a couple like three, four years ago, whenever like you first came into Bitcoin if it was there more than three, four years ago. But it's one of those headlines that you would have thought like, oh Jack Dorsey and Jay Z, they're teaming up to like to fund Bitcoin development and to do this cool thing in the community with Bitcoin. It's like one of those almost fairytale kind of stories. You're really glad they'd even heard of Bitcoin. Yeah. When you met them on the street, you're like, hey Jack, you heard of Bitcoin? You're like, yeah Bitcoin is cool. Maybe like man that's cool. Jay Z, Jack know about Bitcoin. That's awesome. And suddenly when I first first heard and read about Bitcoin, it was, you know, there wasn't really, well, no, it was 2013. There was no kind of shows on it, no covering it, no Jim Kramer commenting on it. There was, it was crazy when if someone actually talked about Bitcoin in the media, now you've got, you know, huge, huge household name like Jay Z, he was like, you know, really behind Bitcoin and not just behind Bitcoin from like, the, it almost in an ironic way, like the, you know, he's, you know, he's, he's wrapped about being rich and having a yacht and stuff and then, well, you know, big pimp and whatever. And then, but now he's doing something really humble, which is like giving back to community and funding Bitcoin open source development. I think it's just really kind of poetic the way it's it's pan now. And, um, and how big really Bitcoin is, is becoming not just from a, like, oh, I made loads of money perspective, but from a, this could really change the world perspective. It is, it is banking the unbanked at home and abroad. We're running out of time, Josh Sagala. Do you have a story of the week or a prediction? Go ahead. Ah, I predict that life will get better and that the world isn't turning just shit. It's only getting better. Turn off the television, throw out, throw it out the window or shoot it with a gun. Just get rid of it. Always look on the bright side of life. All right, Dan, eve of prediction or a story of the week. Go ahead. I predict that that that that once the show is over, we're probably going to have a drink and go and just chill in a hot tub in a nice place in the country. Yeah. And just and just chill out and waffle about Bitcoin all night. We can't decide whether we should be knighted or whether we should be lords now that we control land in the country. You know, Sir Dan, Lord Tom, Sir Tom, Lord Dan, maybe both. It's very hard to choose out here at UK, but it's great to be with you guys. Check out the Mad Bittcoins Twitter feed for lots of photos of museums and the British Museum and the Louvre and all that stuff. Give us a thumbs up down below. We didn't remind you like a dozen times of time. So you're like, Oh, I forgot. You can still put it in at the end and subscribe if you haven't already. You just push subscribe and we're supposed to go back wide for the big three shot. You can see all of us together, Josh. Oh, yeah. All right, all right. One more thing, Josh, for the end. Until next time. Bye. Bye.