#317 โ€” The Bitcoin Group #317 - Dumpcoins - SEC Coinbase & Kraken - Chipotle - Anarchists - Madonna

๐Ÿ“… 2022-07-29๐Ÿ“ 10,537 words

The Bitcoin Group, the American original, for over the last ten seconds, the sharpest Satoshi's, the best bitcoins, the hardest crypto currency talk. We'd like to welcome our panelists, Dan Eave, the crypto raptor. Happy Friday folks. Ben Arck from LNBIT. Lostar Shimae Hello. And I'm Thomas Hunt from the World Crypto Network. Moving on to issue one, issue one, the quest to find $181 million in Bitcoin buried at a dump. Yes, it's that time again. The time when we talk about the man who lost his hard drive full of bitcoins in the dump. We've talked about it for years and now he has an $11 million plan that he's pitching the city and the city doesn't want to let him dig up the dump to find the hard drive. We've talked about it in many different ways. We're still completely surprised that this has not been turned into a security or an investment opportunity. Last time we talked about the possibilities that time had simply crushed the hard drive and destroyed the platters. But still, the media loves this story. The man's back again with a plan. Dan Eave, what about this? $181 million in Bitcoin buried in a dump. I said we'd come back to it as the price went up. And here we are once again. It sounds like he's made a lot of progress. He's got like a plan in place. He had Richard Hammond on the panel filming it. That's the guy from Top Gear. I don't know. I think the end of the day, the government's going to make money from it. I'm not sure what the ecological damage could be. They could even put in some sort of claws in the contract to say that the 100,000 tons of rubbish needs to be processed in a certain amount recycled or something. They could at least come to some form of arrangement rather than just straight up rejects it because it's money for the council. Especially if they find the Bitcoin, then he's going to give what $56 or something to each of the residents. I think it's in their best interest to go for it. I'm not sure why they would block it. I'd like to hear what the actual reasons are behind this kind of, it's bad for the local ecology because they can actually do something good with the actual rubbish in there and recycle more than they would have done. So time will tell. Everybody pound that like button. We've got about 10 people watching and three people push the like button. So it's free. Push that like button. I can think of reasons why they wouldn't want people digging through their trash, Dan. They don't want anyone digging through their trash and finding what they threw away. This town has been throwing out all kinds of garbage for years and this guy's hard drive is just one part of that garbage. I think he made a mistake tactically by not running for city council or whatever they call it over there. He should be on this board. He should be making this decision and he should be building them a school or a new town square or whatever they want. Like Dan said, make it contingent on finding the Bitcoin, recovering the Bitcoin. That way, if you screw up, you don't have to pay anything at all. I want this thing dug up as badly as I want those ET cartridges that Atari buried in the desert dug up and they dug those up for a documentary. So we're going to get this. We're going to find out and we'll learn about this very exciting hard drive. Ben, what do you think about the man and his infinite quest to get his hard drive back? Newport. Newport, but. Oh, but go to Newport. Dig up some Bitcoin, sir. It's not that far from from me, Newport, it's about 60 miles away. I think, you know, we talk about time and time will tell. I think it's kind of a good analogy to when you make a Bitcoin transaction and then you have all these layers of chaos and entropy placed up top of it. So when you initially make that Bitcoin transaction and then you get into a block, if you used enough computation, you could reverse the transaction. You need to use a lot of computation. But then the more buried it gets in those blocks, then the more energy you have to use, like, you know, exponentially to be able to try and reverse the transaction. Like as time rolls on, the thing gets just like, more complex to unravel and actually, you know, and that's, you know, I saw Bitcoin transactions work and I think that's how this works. It's just too much time has passed and there's too much complexity now. If it's something which, you know, Newport City Council had at the foresight to to dig up, you know, after the first year, there may have been a chance with some investment that they could have found this hard drive. But too much time has passed. There's too many variables, as too much chaos, as too much entropy. And this thing is, is it become impossible to unravel? No, it's not. Nothing's impossible to remove. You know, but it's impossible as it can be to make it just not worthwhile. But yeah, Newport, the stranger wonderful place, Newport, just lift that for a little while. Ben's right and he's leading into the exit question. Dan Eve, will they recover the hard drive? More importantly, will they recover the data, predict the future? I don't think they'll get permission. And even if they did, I don't think they'll find it. So they should just use the 11 million to buy Bitcoin. No permission. They're definitely going to keep asking. This is second only to Satoshi's Bitcoin's now as lost Bitcoin's Benark. Will they recover the hard drive? Will they recover the data? I think we will, we will assume that this bloke has no money. Or that was, you know, the Bitcoin's he mind was shitted at that top, forgot about years later, Bitcoin was worth some money. And then he was like, oh no, I need to get my laptop there. So we can assume that he probably hasn't got much money. And you need quite a lot of money to do what he wants to do. So somebody else is going to fork up that cash. And it's just too speculative. It's never going to happen. It's not going to happen. But the guy will have a healthy, you know, career every six months or whatever, releasing this, doing a few interviews for the TV, Q interviews for the newspapers and you'll have some money trickling. And then hopefully in time, in enough time, that may make up for the amount of money he lost. You know, I believe he will never stop searching for the hard drive. I believe they will find the hard drive. But the data will be destroyed. It'll be absolutely heartbreaking. And you know what the media will do? They'll turn around and tell the story again. Yes, the story of the man who lost all his bitcoins in a dump, got them back and lost them again. It's going to be a movie. It's going to be great. Tell us in the chat, what do you think? Do you think that he'll get his hard drive back? Do you think he'll get the data back? I don't think so. And thanks to everybody for giving us those thumbs up. We're up to eight likes and 12 viewers. So that really helped out. So you're helping out at home. Also, good chance to subscribe as we move to issue two coin base and cracking under investigation by US regulators. Yes, the investigation into coin base caused their stock to drop 21% boy. That was a terrible investment. And cracking is also under investigation allegedly for allowing their exchange to be used in countries like Iran. Coinbase's investigation is still hinging on the fact if any of the strange and wonderfully wild altcoins that they've been pushing so hard with their Coinbase education program and their advertisements and their confusing menus are actually securities, which could be a bad deal for the Coinbase employees who allegedly were insider trading on these securities. It looks like a garbage fire only over at Coinbase and a small garbage fire at Crackin. However, both major exchanges now under investigation. Ben, are your thoughts on the Bitcoin industry on trial? Tip of the iceberg, I would say. I mean, these semi-regulated sketchy first-move exchanges, which were a long period of time, were acting in the shadows or in an unregulated, within an unregulated industry, people took advantage of that. Just like Elon Musk took advantage of it. There's this sort of insider trading, which is allowed in traditional markets for good reason because it's just not fair, I suppose not cricket, but only some ask people to do what I do. This free market people can do what they want. But I imagine it was a daily occurrence in somewhere like Coinbase or Crackin, people tipping, which coins are going to get pumped, which coins are going to get indexed by the coins. They're just like it, say fair Crackin is going to index some new coin, then you can just some crappy coin, which has got crappy liquidity, you can assume it's going to pump up a little bit because of it off the back of the news of it. Then you're not telling me that the technicians and the people involved in that didn't, I'm not going to do some dumb, I'm not making any accusations, but you're not telling me that they didn't buy a few of these coins or tell their friends and family to buy a couple of these coins. It's such a hard thing to regulate for a long time. These exchanges were operating in semi-regulated conditions. I think it's just to be expected. It's a typical guy's business. It's a kind of worms. As soon as they left the cover, I'm sure there's going to be plenty of examples of this sort of thing. We'll see how these stories roll out. Play out over time, I guess. But yeah, you're new to Thomas. And just wait until they get to that exchange that printed their own debt token. Yes, that's going to be a fun one to learn about how they bought back their own debt token. And I wanted to say, well, I am a fan of Steve Jobs. I'm not sure that we have to keep every single startup CEO that the startup starts with. It seems like once you get to a certain point, coinbase, IPOing your product, maybe you should have a professional CEO, maybe Brian Armstrong, has led you into trouble. So I'm saying, fire Zuckerberg, fire Brian Armstrong, and even though he's my friend, and I don't want to say this, probably got a fire Jesse Palto. The political drama at Coinbase at Crackin, excuse me, is so far beyond what's necessary for a normal company. They've gone out of their way to court this political trouble. The same thing for Coinbase. So I'm going to put that in Brian's file as well. And Zuckerberg just developed a bad product and led the entire country down a bad path. Knowingly, what he was doing, the Iran thing just seems like it'll be window dressing. But it might be time for some new professional CEOs as sad as that is. Probably somebody with big bank experience and regulatory background to come in and run these companies. If they want to avoid being what Ben said, this potential cesspool of unregulated madness, maybe you can just access these computers and get the insider trading data to anyone who knows how open or closed these systems may be. Dan Eve, your thoughts on Coinbase and Crackin under fire? With Coinbase, I think that they're probably the team the biggest, so they're most likely to be investigated. They actually, I think they're the ones that sack the guy and kind of when's the authorities and pretty sure, rather than it being an external investigation. So it seems like they're trying to do the right thing, but no doubt that a lot of it went on. I'll be interested to find out if any of the other exchanges like Polo and Bitrix and all of those were investigated or investigated, especially on the security side of thing, because obviously they've got a lot more different shit coins, whereas Coinbase actually, they don't kind of let absolutely anything on the table. But yeah, I think because of the fact they're so big, they're going to be, and they're also cozy up to the regulators, so they're more likely to be investigated in that perspective. And let's all remember never to look into the story of the company that had a crowd sale and they had a pre-mine and then they were declared not a security. Yes, Ethereum. Don't look at Ethereum. Oh no, it's probably a security. Moving on to the next issue, check out the world crypto network dot com. We've got 2,999 videos according to this account. That means this might be the 3000th video right here, at least the 3000th public video. That's more than 3 months, 13 days and 0 hours of video for you to enjoy, all free on YouTube. It's been 8 years, 7 months, and 9 days since our first video, and I haven't shaved since. Moving on to issue 3, all the way, we didn't do the exit question. Let's go back. We're going to do the exit question anyway. Fixed. Competing against the Magic 8 Ball travel edition, the predictor of predictors, the baldest and cleanest 8 Ball in the industry. Dan Eve, with a price of Bitcoin be higher or lower this week, keeping in mind that everyone said lower last week and was all wrong and the permable right here continues to be in charge of the market. Dan Eve, higher or lower? I'm still going lower. Ben are continuing the pessimism trend. Higher, something's going on because there's not really any big news out there and the price has been public, so yeah, higher, something's out there. Higher, the price seems to be driven higher by Ethereum and the news about the merge in September, the switch to proof of stake. Sorry, environmentally friendly proof of stake. As opposed to that dirty nasty proof of work, the Bitcoin uses may be driving the entire market up, but now let's check the 8 Ball. Here we go. Big money, you want to shake it, might cause bubbles. Will the price be higher this time next week? Most likely. Most likely. Yes, the ball has chosen most likely. It's going up. Moving on to the next issue, issue three. Chipotle's buy the dip promotion includes $200,000 in crypto for customers coin-based accounts. The chain is also giving away $2 million in guacamole and queso to celebrate national avocado day. This is the kind of promotion we only could have dreamed of in the early days of Bitcoin. When everyone said we were scam and dirty drug money to be used only on the Silk Road, now we have massive companies like Chipotle and Coinbase partnering up promoting crypto and of course reminiscent of cryptography's classic video where when the price of Bitcoin went up high enough, he went to Chipotle and bought everyone guacamole. It was a beautiful, beautiful video and a wonderful day. Dan, Eve, will you be buying the dip, whether it be queso guacamole or an excellent promotion for Coinbase with $200,000 in prices? I'm sad that they don't have Chipotle in the UK because otherwise I definitely would indulge in some avocado and guacamole. It's cool that they're doing a promotion and obviously it's with Coinbase which is kind of a hated company but ultimately it's giving their customers crypto up to $35,000 which is pretty neat. I definitely buy the dip with Chipotle. I just want to take a moment and pat my brother and myself here on the back for founding this world crypto network in 2014. Who knew that the word crypto would suddenly become De Regure for all crypto currencies? Oh yeah, us right here, right here. Yeah, we knew it. Well, no, I think this is a great promotion. I'm excited for Coinbase and Chipotle. I think buy the dip is funny. I think it's funnier if the prices really do go back up to where they were before and higher. I think it then becomes another funny promotion. I wonder if the South Park guys will be attacking this next. You're in a burrito. You know, there's urine in the burrito and you have to eat it now. They took us to town on their other special on Paramount Plus but it might be another man bear pig if Bitcoin and cryptocurrencies come back. Ben Arck, what about you? Will you be buying the dip? Like Dan says, you guys don't have the pleasure of Chipotle but still, Keso, guacamole, crypto. Yeah, we don't have those. I mean, we get those things eventually. I suppose we get like a Wendy's or pop up in some industrial estate. So we'll probably get we'll probably get this chip of low teas or a chopper latte. I won't be able to get but by then I'll probably be able to pay with Bitcoin for guacamole. I mean, by crypto, it's like, well, what they're giving away really? Is it like their own coin or something or is it Bitcoin? It says they're giving away Bitcoin and then some other coins to your coin base account because of course it's a promotion for Coinbase. They want you to sign up and get an account. It's not that bad. They did say they were giving away Dogecoin as well. So they can't all be winners. It's another example. It makes you realise just how many Bitcoin is there all out there and it reminds me just because clearly there's some on their board of directors as a couple of people who are Bitcoiners or within their marketing department, there's a couple of people who are Bitcoiners and they got excited by this idea. I'm sure if Coinbase just called them and if Chipelato had been announced, if they didn't have some connection with Bitcoin at an executive level, then they'd be like, you know, Coinbase, we're not going to pump your scammy exchange. You've got nothing to do with them. You want to get in trouble. This is dirty internet money. It makes you realise how many friends we have behind closed doors. A good example actually is Brue Dog, the Brue is when they came out with in the, I think, you have them in America, but in Europe we had the Raspberry Blitz beer, which has randomly came out and no one told us about it, but you could buy it. I went into my local cow or my local shop and there it was, the Raspberry Blitz beer and I could buy it and it was, it tasted terrible, but it was called Raspberry Blitz, which is amazing and I actually reached out to them because I didn't know we were having a lightning, a hacktail conference or something. I wanted to buy loads of it and I reached out to them just to ask, you know, how has this been inspired by this runoff and source Bitcoin project which has a very unique name, Raspberry Blitz and I didn't get anything back. But recently as a month ago or so, I've got a friend and he actually knows the owner of Brue Dog and absolutely Brue Dog, this guy, he's a huge Bitcoin fan and I was like, why I got really excited about that or dorked out because I was like, wow, that's actually why he called it the Raspberry Blitz. I know that little tangent, this is, you know, just to say that the Raspberry Blitz also came out with a new version of the Raspberry Blitz today and it has a web UI, a bit like Umbrella so it's really slick for those embryos users if you want to, you know, have that kind of experience with your node. So big shout out to Raspberry Blitz and Brue Soul and Fusion and all people working on the Raspberry Blitz project. It's a real nice update. But yeah, no, this is just this Chippewlaati thing is, if that's how you pronounce it. This, it's a good example that we have a lot of friends and some of our friends are very powerful and they work for fast food, you know, conglomerates in the street. Well, I have received a note that it's definitely not Chippewlaati, Chippewlaati. Oh, we're also joined by Josh Shagalla. How's it going, Josh? What do you think about Coinbase's new promotion with Chipotle by the dip where they're giving away hundreds of thousands of dollars in cryptocurrency as well as maybe some guacamole and some KSO. 300,000 bucks. Hey, you know, it's better than a 10, what is up? How many Bitcoin was it? I've forgotten now. Three, three, that 10,000 Bitcoin pizza. 10,000 for two pizzas, but still. But still, yeah, no, I love it. I love it. Bring it on more stuff like that. I can't complain. I think it's very fun. It's great to see Bitcoin promoted by major companies and in a serious way, giving them some crypto directly to their Coinbase account, where as you all know, they could withdraw it or sell it or buy more all kinds of options there. Josh should go. I actually like the American mega millions past $1 billion. It would be great to see them working with Coinbase to give away $1 billion worth of Bitcoin. That would be pretty good. Well, Coinbase might just give it away to themselves, but it's looking like they're going to give it away to lawyers. Josh, what do you think about our previous issue here where Coinbase and Cracken are under investigation by US regulators? Yeah. This is interesting because Craig Wright has been going on about that he's going to take on Coinbase and Cracken and bring them down. Then this came out and now that sort of leveraging that going, see, we told you, but at any time you're a crypto business and you're based in America, you're going to deal with the overarching and overzealous megalomaniacs that are the American regulators. It's just part of doing business over there. The thing is with Cracken and Coinbase, they're really powerful players. They're very well funded, very liquid. They've got enough capital. In fact, someone say especially Cracken who deals with Europe have too much liquidity and they have to pay a lot of negative interest rates. They're probably like, yeah, give us a way to get rid of this by paying lawyers and cutting out tax bills. I think they'll just lawyer up and get on with it. This is the price of doing business in the States. It's like when you live in a place with a mafia, you the price of doing business in that zone, you have to pay off the mafia. That's what it is. Josh, we also talked about a classic story, one of my favorites. The man who's looking for his Bitcoin in the dump is back again. Do you think that he'll get to dig for the hard drive? If they find the hard drive, will he actually get the data? Well, the council isn't letting him on there, even though he's got lots of plans and lots of money. He's backed now by VCs sort of. They've committed to a backing if he gets the go ahead from the council. Like we said in the chat, he obviously needs to run for council and just grant himself a mission to go there. I'm pretty sure the people of England, where is the place where is it? Well, of course, it's Wales. The people of Wales would definitely vote. I'm sure they would vote for the guy that feel sorry for him and they'd vote him in power. I think I don't want to find the dead bodies of like the Goldie-looking chain and the dirty sunshine chairs and all those great new four acts which came out in the late 2000s of Newport, that funny little town in Wales. The old those dead bodies are very deep in the dump. They don't want to cover them. He might have to unseath the entire council, but like we were saying earlier, he can promise anything once he gets the Bitcoin. I'll build a new school, I'll build a new barn, I'll build a new town hall. If I get the Bitcoin, and then if he doesn't get the Bitcoin, you're like, well, oops, sorry guys, can't do it. But we've got to get back to this topic. What's your favorite Bitcoin promotion, Dan Eave? Is there any in the past that stick out that you really enjoyed or maybe a promotion you'd like to see in the future? I really like the crypto.com one purely because of South Park making fun of it. Being like, oh, Carmen Fone in his like, phone in the school and his mum's like, we lost all our money because it's Matt Damon. We thought the fortune favored the brave. So that's probably still my favorite. I still really like it even though they're making fun of us a lot. I also think there's a potential there where if we're all right about Bitcoin and it comes back that the South Park guys have to make fun of themselves again. So I'd like to see that. Ben, what's your favorite promotion for Bitcoin or maybe one you'd like to see in the future? I have nothing. My mind is blank. I'll pass along to my fellow panelists. Josh Egaala, do you have a favorite Bitcoin promotion? I like the idea of having to figure out a puzzle to get some Bitcoin. Oh, that's Bitcoin mining. And Bitcoin mining has been very promotional for Bitcoin spreading the word. I agree with Dan. Go ahead, Ben. I like a bit of gorilla marketing. I like my Bitcoin's buy Bitcoin stamps. I've got 10,000 of those bad boys on to the wild. And I also have some helium balloons and I want to and the Bitcoin's and I want to let them go in like Paddington station and Heathrow Airport. And I go to pass it to somebody or a bunch of these balloons, these helium balloons and then I go, oh, sorry. And then all these Bitcoin's go up into the roof and I want to seize all these Bitcoin stuck in the roof. So I like a bit of gorilla marketing. Nice. Very cool. Excellent promotion. Ben, Bitcoin stamps definitely worth a mention. I agree with BitDan. I like the crypto.com, the Matt Damon commercial, even though they're making fun of us so much now. And I also want to give a shout out again to that good old Bitcoin bowl that BitPay put together back in the day. It was a college football game sponsored by Bitcoin, not even by BitPay. They could have put their name on it. I think they wanted Coinbase and others to join in with the incredible cost of a college bowl game. But boy, was it fun? Boy, were we early? And we did a little commentary to that game out there on the World Crypto Network somewhere. So you can check that out. We're moving on to issue four issue four anarchists. The new series on HBO, that's right. Just after West Westworld, one of the most popular shows in the world, you can watch the anarchists, a six part documentary on HBO about anarchists. At least they claim to be anarchists. They seem to be a lot more like anarcho capitalists or maybe crypto anarchists, which doesn't mean that they're secret about being anarchists. It means they're into Bitcoin and cryptocurrencies. Yes, anarcho, Polco, Jeff Burwicks, very popular conference in Acapoco has become the subject and target of a documentary series on HBO. Yes, there's violence, there's drugs, there's double crossing, and there's even a guy who gets his wife stolen by a guy with a deep voice. The real anarchists are, are up in arms, they say the show doesn't cover political anarchist at all, not a mention of Krabopkin or any kind of classical anarchist. Josh Shagalla, have you seen the anarchist show? Do you have any thoughts about the people of anarcho Polco being celebrated as the anarchists? No, this sort of stuff. Just, you know, the problem with anarchist conferences is that there's just too many anarchists. I consider myself an anarchic capitalist. I really love solving complex social problems with free markets. I think it's the way that my sci-fi novel that's going on in my head would play out. I like to think about the problems of the world and try to solve them without violence in voluntary mechanisms. It's sad when you get a very sophisticated philosophy that goes back a long way being just corrupted by taking click baities, sort of topics and collating them into a storm of a fud about an entire philosophical movement in which Bitcoin is actually largely based upon. Yeah, but I haven't seen it. I don't know if I'm going to watch it. It'll be fun because I know a lot of the people probably in that thing, but yeah, just another hit piece along the way. These are what it is. Well, I have seen the show, and just in case no one else has, I want to stand up and talk about the show a little bit. The show is a documentary, but it's also very much a drama. Each episode ends with an incredible cliffhanger that has you glued to the next show. So, while I understand the real anarchists complaint that they're not talking about political anarchy, that they're not separating the groups of anarchists, and that this group does seem very capitalist anarchist, especially as they're celebrating their wealth from cryptocurrency, spreading it around obviously in the show. It's still worth watching. It's still fascinating. And, as Josh said, people you know are in the show. Juan Galt from the World Crypto Network right here is a major character on the show, kind of the reliable narrator. And I'm realizing now, unfortunately, too late. We should have gotten Juan on the show to talk about it because he has the inside track. But again, while I read articles about what happened, if you don't remember the details, it's quite shocking. There is violence involving the major characters, no spoilers, but there are a rag-tag group of misfits, weirdos, I'd even say. And the documentary is focused more on the weirdos, less on political or intellectual anarchism. So, they have a point, but we always know what sells. And this is a drama, this sells. Dan Eave, have you checked out the show? What do you think about crypto-poco or anarcho-poco becoming so famous all of a sudden? I haven't seen the show, but I think I'm probably watching it. But the article was pretty interesting. It's got like a... I went and had a look at the buzzword bingo, and it mentions crypto-brows, self-interested capitalists, white supremacists, worship bitcoin, colonialists, and colonizers. So, it's quite a buzzword bingo of not liking capitalism and general bitcoin, I think. But yeah, it sounds a bit quirky. The conference, from what I've heard, it's really like a really cool conference. And a lot of conferences do have kind of a... Well, funny things that happen in the background, right? People's different journeys of how they get to the conference, and how the conference gets set up, all the things that go wrong. So, I'm interested to see kind of, like, how one fares in it, and he said he's a main character, which sounds pretty cool. But yeah, I think I'm gonna watch it, and maybe one day I'll go to the conferences as well. I don't know what happened. I wasn't there, but one cult does seem to be at the center of everything. He's living at the anarcho castle. He knows all the players. He's been to all the things, and it's so great, whatever they cut back to him. It's always like kind of this reliable narrator character. Like, we can trust this guy. He was there, but he wasn't into the crazy stuff. Ben Arke, have you seen this new show, The Anarchist? What do you think about this crypto conference being popular, delivered right behind Westworld on HBO? This is a major time slot. Well, I mean, yeah, I mean, it's a, it's a thin sliver of the anarchist tradition, which could be represented, and it's more on the anarcho capital aside, and the crypto pro anarchist side was probably even real, anarcho capitalism, I would say. I mean, it's shocking, good title, like you say. And it's not a true interpretation of anarchism. I think anarchists always get a bit twitchy when they see it represented in any media, because they usually tend to do a very poor job, and it's a very complex tradition, starting with Prudong, I can 1850s. A lot of anarchists, they, well, no leaders, they would extend that to the capitalist class, and that's why I have the I've been socially side of anarchism, the Bikunin, side in the first international, for example. Whereas, you know, that is represented here. This is the anarcho capitalist types, and not, they're far enough, so I'm not going to watch it to have some explanations to what anarchism is. I think probably why people are annoyed by is that there is a lot of value in anarchists, particularly in our modern world, and the new tools we have to our disposal, such as the internet, and things like Bitcoin, and it becomes very relevant again as a collection of, you know, philosophical ideas, and people want those ideas to be out there, and they're not there, and they're represented, if you know, just go search on Audible for books, anarchism, you'll find nothing. But so, but the Audible and Audible anarchist actually, which is a free version, that's probably why they release all this stuff for free, because they're anarchists, so you come in when you're there. But yeah, so it's, I think we go on a tangent, I won't watch it, and I will turn off the, is this how I understand more about anarchism bit, and I'll just watch it for what it is, which is, you know, the fun show about a weird Bitcoin conference, an aqua polco, and yeah, I look forward to watching it. Yeah, I can see their point how it would have been not very difficult for the filmmakers to put maybe a two, three minute introduction to anarchy type section together, where they could have discussed the different types of anarchy, the political theory, all of that, that would have been very educational and informational, but unfortunately this is a drama, and it's really just about, you know, violence and guns and drugs and, and all that kind of stuff, so they're doing that really well. Also, I'm not sure if the filmmaker was up to that level of political anarchy, I'm pretty sure he was financed by Roger Veer, or maybe Jeff Burwick, something like that. He seems more on the libertarian side, where he's more kind of filming his friends, but his friends are doing some outrageous stuff. It's definitely worth watching. It's a dramatic documentary in its way, and I look forward to the final three episodes. Exit question, no doubt HBO is working on a follow-up show called The Bit Coiners. Do you guys look forward to this kind of show? What kind of scenes do you think we'll see? And do you think that we'll be just as critical of The Bit Coiners as we are of the anarchists? Josh Shagalla. No, anything that the mainstream makes is just aggravating. I just look at it and I just think, you're just a bunch of sell-outs, scumbags who just try to make anyone look bad when they'll focus on the most outrageous side of any sort of topic, and then focusing on that, and then paint everyone with that brush. It's happened since day one, with Silk Road, with darknet markets, drug dealers, pornographers, all Bit Coiners of that. Happened with the internet, all-only dodgy people use the internet back in the day. Eventually, it comes out in the wash that, no, Bitcoin isn't just that it's actually just normal money, but better as the same with the internet. It isn't just for dodgy freaks online. It's actually for everybody and has a corner for everybody. It's one of these things that we have to go through as mainstream media will sensationalize anything. I can see the trailer already. He's a day trader, really flashy suit, possible drug problem, major character. His best friend is a coder that never goes outside, never seen the light before. Together, they are the Bit Coiners. They go to a conference, they get in trouble, and there are no girls at the conference. Dan, what about the Bit Coiners, the documentary of the future, no doubt attacking and destroying our industry? I agree with Josh. It's going to be all the most sensational outrageous, outlandish, crazy characters, which is cool about Bitcoin. There's so much creativity in Bitcoin, but they'll pick on the bad actors and they'll focus on those guys. They'll pick on the Craig Wright and they'll run history, instead of just ignoring it as just waffle. It'll be interesting to watch again, but it's going to be all the weirdest, craziest stuff about Bitcoin, rather than the core of Bitcoin and what it means to the financial world and how it's better than the money we have right now. He's a child actor and a mainstream candidate for Congress. He's also a Bitcoiner. Ben Arck, what about the Bit Coiners on HBO? I think it could be all right, to be honest. I thought about this long and hard, a TV series on Bitcoin. You couldn't do it linearly. There would be hour long episodes, or for example, an hour long episodes and they'll be on a separate little bit, an interesting bit on Bitcoin's history of which there are many, so you could do many series, but it wouldn't be linear. You would just do a random episode on the Weakman Gucks card. You would do a random episode, maybe on that guy in New York, and this is journey. Then there would be some overlap. Someone like Roger Bell would keep popping up in all these different episodes or these different points in time. Then what you could have as well should be quite interesting is you could have multiple origin stories. You could have the launching of the white paper and then who were involved in making it. Then you could have the example version. Then you could have the adembat or the John Nash version or whatever. You could have these separate speculative, frimatic, fictional pieces for what might have happened when the Bitcoin White Paper was released. Then you could also have these actually quite factual hour long episodes on based on something which happened in Bitcoin. The New York agreement and the Note2X movement and these are activated soft walk and what that meant. If you did that and if you had something like the OJ Simpson TV show, very historically factual, well put together piece. Who said that if Shakespeare were working today, then you'd be working for Netflix. You'd be working for one of these big TV stations. If you get one of those modern Shakespeare's, you can make something like the OJ Simpson TV show, which is good. Then if you got them interested in Bitcoin, I'm sure that's maybe one or two have an interesting Bitcoin. You get them to write these just these single standout episodes. Then you pull them together into like a mini series, like eight episodes, Bitcoin Series 1 and a Bitcoin Series 2. It just goes all over the place. There's no linear thread brewing through it. I think that'd be sick. I know it's watching it. Well, I love Ben's idea. It's much better than what I think we're going to get, which unfortunately I think is going to be more akin to the quality of the kind of reporting that Newsweek did when they found a man named Satoshi Nakamoto and he said, I'm not involved in that project. They said, you are the Satoshi. All he ever wanted was a free lunch. I think it'll be a lot more like that and a lot less like Ben's grandiose intellectual project that someone should actually do. It's a really good idea. I also think like you were saying with the different Satoshi ideas, I normally used to do it. You're a good writer. You read a lot of books. You've been around long enough. This is the now. Well, look into some options. Maybe we're going to draft going and try to get some internet help as well. But yes, it also reminds me a little of the Marvel What If series, especially with the Satoshi. You're like, what if Satoshi was John Nash? What if Satoshi was CIA? You know, all these kind of things and just at least map it out there so people can have some ideas. But Ben's got a good idea. They will have to see what we can do. But for now, we're moving on to issue five. Madonna is hell bent on buying a $1.3 million board Ape yacht club NFT, which has now been deemed too expensive. Yes, let's go down past the obligatory picture of Madonna and try to find the ape she wants. Here on the left is the ape that Madonna wants. 801 Ethereum. They say it's overpriced. It's got rainbow teeth, a psychedelic neck and skin. It's wearing a leather hat. And they claim, as ridiculous as it is, some of the apes were inspired by pop celebrities. But I thought they were randomly selected. So I don't know what nonsense that is. On the right, you can see the ape that Madonna did buy also with a leather hat, but it doesn't have rainbow teeth. What's going on with the world today? Where a celebrity like Madonna can't just spend $1.5 million on a perfectly pointless token that links to a JPEG. Josh Egola, what about this NFT madness? Even Madonna, the material girl can't get what she wants. Diamonds are girls best friend. All she wants is this ape with the rainbow teeth. This is the beautiful thing about capitalism is that this is how wealth gets shifted around. This is how money moves around. A lot of people say, what the hell is she spending? She could be spending it on helping. So and so, the thing is she's spending this to give that money to someone else who has that. And we don't know who that person is. And they then spend it on maybe whatever they need. Maybe their grandma needs help. They need nurses to pay for grandma. I don't know, whatever. And capital starts moving around and shifting. And this is this is the amazing thing of the free market and why it's so important. I think if Madonna wants to blow almost whatever it is on that JPEG, then go for it. Yeah, go for it. They say the current owner is a Madonna plan, but not a Madonna fan who's willing to give up the money. They want 801 Ethereum. Dan Eve will Madonna buy the NFT? What do you think about this madness? Well, I think the so she got her current NFT through MoonPay. And there was a bit of controversy, I think that MoonPay kind of pretended that the celebs got it through them, but there was more kind of an influence of promotion thing going on. I read apparently. So apparently, yeah, I can caveat that. But I think if you're a Madonna fan and you're in contact with her and Madonna is like really pining for this NFT, you're going to try and put the price up. Especially if you know she's worth half a billion dollars. So a million dollars, 1.4 million is nothing for Madonna. Although I think it's probably a bit up since then because the Ethereum prices up. You go labs or whatever they are. They've got quite a lot going on right now and having someone like Madonna on their side doing promo for them, even if she doesn't actually buy it. It's good for them and the metaverse. So I don't know. I think NFTs definitely are still around for a while. The floors may have dropped, but yeah, they've still got a lot of people talking and a lot of buzz going. I can't believe that she violated the classical rule of auctions by letting people know that she wants this thing. The obvious move is for someone else to come in and swoop it up for 801, put it up to 999, whatever it is. Like Dan said, she's got lots of money. What she doesn't have is this NFT. Also, I want to give a shout out to everybody in the chat. We've got about 24 people watching and 20 of you push that thumbs up button. So thank you for giving us such a high percentage of likes. Even if you're watching later, you can always push the thumbs up button for free. Basically, YouTube's algorithm uses this button to determine if it's good content. So when you push it, it helps out content creators. Ben Arck, what about Madonna and her NFT? She was like a virgin, but now she has the wrong board ape. She wants this one with the rainbow teeth. These people are pretty much used to getting whatever they want, aren't they? But I think the appeal, because I didn't mean to buy any of the one-takes up the other day, and I'm flicking through it. There was some rich person and they were doing a tour of the house and they were like, oh yeah, we love NFTs and they had these framed NFTs on the wall. And they were just doing a tour of all their big fancy house and they were like, oh yeah, we love it. And I was thinking, well, they probably do because I don't want to call it shallow, but it's not like a, just a, we love just a string of random letters and numbers, don't we? Whereas they love something which is like, let's see and has a picture of an ape on it with different colors and stuff and it's like really poppy. But I'm belittling it by saying I shouldn't say that. But anyway, I can see why there is appeal to someone who isn't superficial, I'm going to say we're superficial, but yeah, someone like Madonna, there is an appeal for these NFTs. I think a lot of rich people are, I think that's what drives the price of actually, it's just all these rich folks, because they can talk about them, you know, and Madonna can, and she's having like a weird satanic lizard pie thing and they're all like drinking the adrenal glands of small children and they're like, oh yeah, I've got this little, go away, whatever you call this little like thing and this, I've got this key key. And it's like a talking point when they're at those weird lizard bars. So yeah, this is, this is, I mean, I blame, by the way, the conspiracy theories, you look at the Botox and the Instagram filters and you look at that picture, we're done or anything up, I mean, Madonna, old are you? And she looks like that and you can see why all these conspiracy theories come out about, you know, the adrenal glands, anyway, that's a separate topic. But yeah, the, yeah, look at it, bizarre. Yeah, I forgot more of that. Adrenal chrome. Adrenal chrome. Adrenal chrome. Well, I was going to say, I was on a NFT panel recently at Mallorca blockchain days with our good friend Theo Goodman, classic world crypto network host and one of the originator original promoters of rare Pepe. And what Theo said is a great way to understand NFTs is it's just like collecting Bitcoin, except when you get Bitcoin, it just has the same picture of a B. And when you get Ethereum, it has a little picture of an E and you're collecting these B's and these E's and they go in your wallet. And just like NFTs, you have the signatures that match your Bitcoin. It's just with NFTs, you have signatures and then hopefully an IPFS link or a link to a JPEG that is a unique JPEG. So not just to be, not just an E, but that can also be trouble because they're not quite as interchangeable or in the case of Madonna here, you might not have the one that you want. Moving on to the exit question, one more look here at the ape she has and the ape she wants. Josh Shagalla will Madonna get her ape? Yes or no? Yep, she'll get that thing if it's the last thing she does. Dan Eve, she's a little like the Corella Deville now and 101 Dalmatian. She's going to make ape gloves out of these ape. She could do a whole marketing campaign. If she only owned the correct ape, the one with the rainbow teeth that we all know she desires, will Madonna get her ape? Yeah, I think so. It's a drop in the ocean for what she's worth. So she seems like she really wants it. If you've got 801 Ethereum lying around, you could take the ape and not let Madonna get it. You could foil a major pop star of her desires and ruin her advertising campaign. Ben Arck, isn't a complete sweep. Do you also believe Madonna will get her ape? It is quite cool actually to be fair. I mean, you actually see the thing. It's a good, you know, it's a good, looks good. It's a good, obviously clean up a lot with that much money. But well, maybe it is, I suppose, whatever people want to sign the value to, I guess. But she should buy it and then she should sing a song about it and pump it and then sign it. But Madonna will get her ape, but by being featured in this article, she will pay more. She will pay two million dollars or more. But like Dan says, she won't even notice. It's a drop in the bucket. Madonna will get her ape. Moving on to predictions or story of the week. Dan, Eve, are you ready with a prediction or a story of the week? I predict that I'm going to easy this one and I'm going to predict that Madonna will buy her NFT. Dan's in the books. Ben Arck, prediction or story of the week. It's looking very dark over there. I was looking at pictures of Madonna 63. She is 63 years old. Oh, what the beautiful pictures. She did some not-safe for work pictures, didn't she? The NFT? You see those? Oh, like, her nudy ones. I'll check this after the show. But the story of the week would be, I think the recipe blitz, I think it's a huge update we say had. It really just catapults that project. So it's such a great, no project if you want to run it on you. I mean, actually, so originally the recipe blitz was made to run a recipe pie incident, but there is a lot more focus now as well on running on old laptops and those sorts of things. Just, obviously, you can't get older recipes anymore and they're no longer the cheap look computers they used to be. But it's just a great project and with this web UI, it looks amazing, it looks super slick and has some no management in there directly. So you can manage your channels not too much because you don't want to try to go on the toes of other projects, like the lightning, which is very wise, I think. But enough that you can you spend on one of these things really quickly easily and then you've got access to your sea lightning, the L&D, and you can manage all through this lovely web UI and they've done a great job and I know it's a lot of work to get there. And yeah, I'm just I think just super stoked for that project and I can't wait to run it. I don't know what I'm going to run it. And everyone else should hear. And in your audience. So Ben previously, Raspberry Blitz project didn't have fancy menus that are easy to use and the Umbrell project did. What's the other difference between Raspberry Blitz and Umbrell? Well, it's kind of the way they deploy. So the Umbrell is lots of Docker images and whereas with the Raspberry Blitz, it's like a whole bunch of these bash scripts. But the Raspberry Blitz is completely free and open source. This was actually part of a problem. So originally they wanted to use tab web UI and they're like, oh, we'll just go bar it from our friends over Umbrell and then their friends over Umbrell will like, well, no actually this is proprietary. You can't have our web UI. And then the Raspberry Blitz will like, oh, okay, the Bitcoin node with proprietary web UI. All right, whatever. So then they went and had to develop their own web UI, which is now completely free and open source. And you could use it on your own node implementation if you want and call it, whatever you want to call it. So the Raspberry Blitz is the most free and open source Bitcoin node is no easy to deploy Bitcoin node. And it grew out of the lightning hack days and the lightning conferences. And it's just built by a whole load of great people. I mean, no, but by a whole load of great people as well, I don't understand that. But the people who work on the Raspberry Blitz, they've been access to the beginning, so very free and open source. And they're incredibly supportive. Like when I look at our repo with Alan Betz and the way we manage it, like I emulate the way they manage it over at Raspberry Blitz. Because if you go to that, like every single issue, they, you know, if anyone's got a problem, they give these really lovely coherent answers. And you've got like open norms, giving support. And it's just, they're incredible bunch working on that project. So I think what I like about, because from the beginning, I was like, I can't get a web UI and then Bruce always always like, oh, no, this is more for the, you know, the sort of, the technologist who knows what they're doing and getting this more of a hacky project. And I was like, no, just, I mean, just get a web, normal, it'll just on more normal people. And then they will go on that journey to becoming those technologists. But eventually, you know, a lot of people like me product them and poke them and ask them to have a web UI and now they have one and it looks great. As well as this got a whole bunch of great software places as well. But yeah, it's, everyone's just going to check it out. Go check it out on the Raspberry Blitz repo. And what's the website? Where can people download this product? If you, product, if you Google Raspberry Blitz and then you go to the Raspberry Blitz GitHub, and then there's actually a lovely picture of the web UI there. And it walks you through setting up this thing. And because, you know, they're German, because they just think you could go job in their documentation. It can look quite daunting because there's this big tomb of text, but actually they just, they've just covered everything. So if you're getting a stock, it's all in there. They've been more shopping lists for everything you need. And when you actually install the Raspberry Blitz when you put the little SD card in and boot it up for the first time, it really is just a, you're just pressing enter. You're just saying, yeah, I'm going to go to the next thing, I'm going to go to the next thing, I'm going to go to the next thing, I input password, I go to the next thing. And it's, yeah, it's, it's not a heavy hard worker and I think it's very easy to do. And I've been trying to list you web UI by imagining it easier to install. But it's a great way just to spin up your own Bitcoin Lightning node. And then you have all these one click install, I said like RTO, you can just click install, BTCPace over click install, you know, get out, be click install and a bit click install. So it's, it's, it's great for projects like ours where, you know, we want to reach as many users as possible and they just make it really easy for people to install it. Well, it sounds great. And congratulations to Raspberry Blitz. And of course to Routzo, who I saw talking about this at Mayorka Blockchain Days. Josh Shigala, do you have a prediction or a story of the week? Go ahead. Um, story of the week is that we finally, uh, we've released the TST, uh, the standard token on Valtteri so people can withdraw when they go out then. And we, uh, so we can't do anything with them yet because we're still building. Um, but you can at least, because people are nagging, when can we get them out? Okay, here, here you go, you can get them out. If you want to build pools and, uh, trading pools with them, go for it. It's, um, but yeah, we're still building and we're getting close to launching. We did have a plan to launch on the 25th of August. Then we were like, oh wait, the bear market's like going on and on. So wait till fee and greed index reaches 40 and then we'll launch. But then today it reached 39. So it's like before the date that we're actually going to launch. I don't know when we're, but, um, anyway, we're just head down and keep on. I, this is why I hate saying we're going to launch then, because I just can't stand, especially when it comes to contracts and smart contracts that are locking up money or, you know, anything with smart contracts, you just don't want to rush. It's just horrible. Uh, you don't want to move fast and break things. Um, yeah, it's definitely. I mean, anything in crypto, you don't want to do that. So, but nevertheless, you can, if you did buy, uh, in, the early days, uh, to support the project, uh, to help us, uh, build the thing back then. Now you can actually withdraw and, uh, have fun. And we've also built a bridge across the polygon, which is great for all the Ethereum nerds. Um, although we're finding that, um, the taligs, uh, had all these, all these models built on how roll ups would shrink the gas fees, but they're way more expensive than his models built out. So, um, yeah, I'm, I'm, you know, scared that the scaling, the scaling solution still isn't found. Uh, we'll see, we'll see. I really hope that, um, that there's the ability to to, to shard across multiple chains, which is really still a very interesting technology. Um, is a possibility. Let's see, um, you know, I'm, I'm in the camp largely with a lot of old school Bitcoiners that are like not a theorem cut scale. I would really like to see it scale because, um, there's some amazing stuff we can build using, you know, smart contracts. So, um, yeah, I'm also really interested to see what they're building with lightning labs, um, with tackle. It's also really, really interesting. Um, so, yeah, uh, let's, uh, let's see. I was speaking to the, um, to the ibex earlier today, uh, you know, the Guatemalan bank, and we're talking about stablecoins and how much like, how many different projects that I try to tackle this problem. Yeah. And that is something we should be tackled. It's very interesting conversation. Yeah, I find it absolutely fascinating because stablecoins have everything that you want, crypto in terms of the programmability, and it depending on how they made, of course, you don't want, you don't want send, event issue, visual currencies, and you don't want centralized stablecoins. They're, they're just a complete nightmare. But decentralized stablecoins, that's, that's the dream of the standard IO and, um, and yeah. So if, uh, if you want to follow what we're doing, go to the standard IO, uh, and if you don't, then don't. Very good. Everyone can check it out at the standard.io. And I just want to give a shout out to Mike from easy bit. I'm hanging out in Spain again. Thanks to Mike and Salah for hosting me here. And thanks to everybody for watching. Given us those thumbs up, we had about 25 people watching and we got 25 thumbs up. So that's pretty good. If you watch later, you have to add your thumb to the collection. And of course, push subscribe down below. If you want to leave a comment, uh, we check those out. We also check out the chat, uh, usually a little later, not during the show. Uh, but thanks for everybody for joining us in the chat. Given us the thumbs up and the subscribe. And until next time,

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