The Bitcoin Group, the American original. For over the last ten seconds, the sharpest satoshi's, the best bitcoins, the hardest cryptocurrency talk. We'd like to welcome our panelists, Ben Arck from Ellen Bits. Josh Jagala from thestandard.io. Bingbong, blimey, blimey, Bingbong. Dan Eve, the crypto-raptor. The common. And I'm Thomas Hunt from the World Crypto Network, moving on to issue one. Issue one. A closely watched Bitcoin metric is flashing a bi-signal that has historically led to huge gains. According to hash ribbons, the price of Bitcoin may be going up. According to Charles Edwards, founder of Quantitative Crypto Fund Capriole Investments, the idea of hash ribbons from 2019 identifies buying opportunities for Bitcoin. When the 30-day moving average for hash rate dips below the 60-day moving average, this is called a bearish cross, and signals that miners are shutting down machines. Usually selling is associated with these events. As more miners are taken out of the market, the difficulty of mining Bitcoin reduces because there's less competition. And this could be a good time to buy. Ben Arck, what do you think about hash ribbons? These trades are always looking for plans, obviously, in their technical trading. And usually they're complete nonsense. But I do think there is some correlation between hash rate and the price, of course, is miners of people who economically incentivize to make the most of their hash rate and their mining power. But then there are all these other factors which come into play when it comes to miners turning off their hash rates, such as wars, bands on mining in the sovereign country where they live, and all these other things. But there's certainly a look at that chart, which was in the article, and there's certainly a look like there is some sort of correlation. And what's interesting is the separation between hash rate and price and how the swings in hash rates seem to get large, obviously, as the price of Bitcoin goes up. But when you actually look at hash rate on the chart, there does seem to be a steady just increase of hash rate over time, which is exciting because it means that the network's becoming more secure. But yeah, I'm not sure, obviously, if this particular metric makes sense, but I do think there's something there. There's something in hash rate and price. And maybe this is the sort of trading technical signal which people can use, but I'm not sure quite sure it's there yet. People have always argued that hash rate for price follows hash rate, and this does kind of nods towards that. So it's an interesting metric, and I thought the chart was pretty interesting too. Well, people love to argue that the price follows the hash rate because the hash rate always goes up. So that makes it easy. Josh, your thoughts on hash ribbons. Has Bitcoin reached its bottom? I agree with Ben. There's always technical analysis. But I think when it comes to hash rates, it's more of a fundamental analysis game because you can make a correlation definitely between these fundamental building blocks of Bitcoin, the things that actually keep this thing going. And like you said, Thomas, they're extremely incentivized. Who was it, you've been? Someone just said it. And that incentivization is purely price-based. Now, the only thing that happens is that certain miners have more capacity to hold or to huddle and to keep paying electricity until the price is back up. And I think this is the correlation that the little miners tend to drop out because it's like basically the lower the price goes, the longer your huddle time has to be until you speculate that you can make money on what you're earning right now. And this has always been the case, even when Bitcoin was at 30 bucks. So I think there's a case to be had for this metric. And it's an interesting one. It's not as like cut and dry because, and it's also not very intuitive because you think, well, if more or minus sell, then there's more selling pressure as the price goes down. But right now, I think there's more to play than just Bitcoin. I dare say it, that Ethereum is also steering a little part of the crypto ship nowadays, not just because historically, it's always just being Bitcoin. Whatever Bitcoin does. And then Bitcoin was very independent of the wider stock market pretty much, because it was the same thing. But nowadays, it's also quite correlated to the stock exchange, to the global economic sort of pulse. And now you have a little bit of a correlation with miners, but also with Ethereum. And Ethereum's just about to do this mega merge upgrade in early September. So I think that's also a strange one. Like, do people trust an upgrade on a plane that's already flying with billions and dollars locked in value in this thing? If they don't, they'll be selling. So there's more selling pressure. If they like it, and they think, oh, maybe it's a hard fork. So I'll get, because there's obviously people that will want to continue the proof of work chain on Ethereum. And so there'll be a fork and people get double the coins. And because, you know, that's how these hard forks work. So, yeah, it'll be interesting to see. It'll be interesting to see what happens. I really don't know how to calculate this one. I'm just sticking with the whole total mentality of whatever happens happens. I'm going to sit through it and go for it. Well, I agree with Josh. I definitely think that analyzing the miners is more interesting than just technical analysis, just looking at the charts and saying, well, the chart did this. So that, because the miners really do have to sell if the price goes low enough. I just want to give a shout out to our 14 live viewers. We only have two likes out of 14. So still a chance for you guys to push the thumbs up button, YouTube algorithm being all that. And Josh also opened up the idea of the Ethereum merge. So Dan, Eve, what do you think about hash ribbons? Usually sounds like a good thing. And the Ethereum merge, normally not such a good thing, but we'll see how it turns out. Well, initially, hash ribbons made me think of some sort of edible that gets you high. But obviously, there's a lot more to it than that. I think the general technical analysis, sometimes I feel that it's kind of really easy to just keep on pumping out patterns and then and adjusting them and then one of them hits. And it's kind of that kind of almost like the the psychic that's reading the signs. And you remember the hits and forget the misses, right? But some of this, it's a bit more fundamental, as Josh said, that it's actually based on metrics to do with hash rate, for example, there's something that's directly measurable that has an impact. Although since, I mean, this article came out in just over a day ago. And since it came out, it does say that it does say flashing a huge buy signal with huge gains. But Bitcoin's dropped 4.2 percent. So unlike if you if you followed the article straight away. But that doesn't mean it's going it's going to, you know, Bitcoin's going to keep on going down. And maybe this these hash ribbons are correct. At the moment, the hash rates 230 according to a bit info charts, 237X and hash is, which is just a bit shy, actually, of 253, which is the all-time high. And the difficulty as well, still pretty, pretty high at the moment. But there's been news about Samsung are going to be making chips soon. And going back again on the general mining and good environment, bad environment impacts thing. So we always hear about Bitcoin being compared to, compared to countries in terms of its usage. But recently read an article about TSMC, the big chip fabrication company in Taiwan. And it was the first thing that I'd seen as a direct article about them being compared to all that specific company, the fabrication company, chip manufacturing company, that using more electricity than entire countries with 20 million inhabitants. So it's not just Bitcoin that's taking the wrap of like being compared to, you know, using more electricity than a country. But one thing that I did think about earlier is about how the harvining possibly, you know, the impact of harvining, it probably like, it gets less over time because of the, if you think about in 2012, there was 50 Bitcoin mind, which is per block, which is 200 per day. And when it halved to 33600 per day, the supply was about 10.5 million. So it went from about 0.068% of Bitcoin mind per day out of the total supply down to 0.034%. Now at the current rate, the amount of Bitcoin mind per day compared to the total supply is 0.047, 4%, which is 1.14. So as the mining rewards drop, also the supply does get bigger. So you've got less of an impact of the harvining effect where there's a lot less coin sitting in the market in comparison to the total volume. But nevertheless, I'm still a believer that when we are mid harvining, it's going to be a bit shaky ground. But when the next harvining comes up, there's all the usual hype that there is. And maybe not, you know, maybe not for this particular buy signal, but certainly for a long term hold. One thing that is for sure is that Bitcoin's price does go up after harvining, you know, or albeit with a little bit of drag or trail after the harvining. But yeah, so maybe not hash ribbons, maybe just get high off them by the sounds of it. But the harvining I look forward to. For the next halving, I predict hats because we had hats at the last halving. Thanks everybody for the five more likes. If you're watching it home later, you can always push that like button. That way the YouTube algorithm knows this is a good show. Ben Ark Josh opened it up. What do you think about the Ethereum merge? Obviously, it's a win-win for me. It means I get two copies of my NFTs, Cha-ching. Of course, it comes with the usual cautions about multi-chain transactions. If you do access, for example, one of your NFTs on the Ethereum proof of stake chain, you might be exposing your key to the proof of work chain. So you might get attacked. Someone might steal your other NFTs. If you're really only playing on one chain, this doesn't matter. But if you're trying to be smart and fancy and sell your Ethereum proof of stake or sell your Ethereum proof of work, just like in the Bitcoin versus B Cash dilemma, there are two wallets with the same key. When I read about the proof of stake, I thought you had to burn your proof of work coins in order to access your proof of stake coins in Ethereum. That's how it's originally intended to work. I suppose maybe now I'll just switch to have both. I'm sure someone will come up with some Clavilal tool, which allows you to, you know, what they did with the B Cash forks. You can just quickly. Yeah, I would definitely keep up with the forums and stuff. Try to read the expert advice. This is not expert advice here, but we're assuming if there's two chains, there's going to be these kind of problems. Yeah, I think whenever I read the original thing, you had to like destroy or make redundant your proof of work coins in order to access proof of stake coins. But if it's changed, then there will be some tool out there to get both coins. Just be careful. I think, I mean, was it true? I think there was some like some some pretty big hardware while it's kind of made some easy tools for being able to benefit from the chain splitting into two different, you know. I know for a while there, you could you could contact Jimmy Song and get all the best service he'd split your coins off. So it's the risk that the weaker the weaker secured chain will, if you transact on the weaker secured chain, then it will open you up to the getting hacked on the more secure chain. I guess that's quite a lot. I remember being at conference and Jimmy Song saying to me, does anyone know how to set up a BSV wallet? And I was like, what the fuck are you talking about? And it was for that exact reason. He had like some big client with big fat bags who's trying to make the most of all these splits. So the same thing will happen now. If you have a crypto punk on the main chain, you'd have a crypto punk on the secondary chain. Like you're saying, Dan, if you try to separate them, you might be exposing your key for one of them and then only move one not both. So if you move both, I.e. get rid of that old wallet, you're probably fine. If you just move one, never interact with the other, you're probably fine as well. And there's not to say there's a big market for for gray secondary market crypto punks. Then of course, if the Ethereum proof of work chain somehow beats the proof of stake chain seems really unlikely. But that's the same argument that we had last time with Ethereum and Ethereum Classic. As I'm sure everyone recalls after the Dow hack when Ethereum rolled back their network and took the money away from the hacker, gave it back to the people who had given it to a bad smart contract and who lost money and made it so they instead had their money. There were two versions of Ethereum men and there's still two versions of Ethereum now. But now there's going to be three. It looks like. So the things guess and not reproducible. I thought that's a whole point. Carbon copy. Well, I mean, you know, Satoshi did put the hard fork in place and it's a very interesting mechanism because if you don't agree with the upgrade, you can hold the other fork and continue with that. And that's not it's not, there isn't twice as many. There's just two chains. They're different. And so yeah, and to your point, there have been with Burning One. I think that might be the case. I don't fully know it still, but there is talks of independent groups wanting to have split a full hard fork away. That's totally independent of the merge. I suppose you shouldn't be forced to have to do that to burn your coin. So you should be able to access them on the original chain. Yeah. And the main issue here is the Ethereum miners. If you have a bunch of rigs in your mining proof of work Ethereum and all of a sudden they say, no, we're not going to do that anymore. You have a reason now to promote the proof of work, to promote the old chain. Yeah, I was on our Twitter spaces. Yesterday with with Hartej, Sony from Zoukio Labs, he's one of the people that really founded Smart Contract Auditing. He mentioned there was a couple of people before him, but he really he was very early on. And one of his takeaways from yesterday's talk was that there are going to be a lot of scams around this whole fork. And so just be careful exactly what Ben said as well. Just be careful during these sorts of times. You get all sorts of weird messages saying, this is the real Ethereum. You just have to send your Ethereum here and it upgrades and you know, it's basically praying on people that don't know anything. And this is a very very complex area of finance nowadays. You know, it's a whole fledgling industry that you generally need to do a lot of research. So there's a lot of normies out there that have got their day jobs. They've got a couple of crypto punks or whatever. And now they're like, oh, what's this merge? Splurge, merge and purge thing? That's the that's the appearing upgrades. So you must be a fan of the Ethereum merge. You get twice as many coins. Uncle Vitalik has doubled our coins by November as promised. Me no, me no, holy theory. But it's interesting to just to follow right? Because there's obviously a lot of a lot of it's a big it's a big bone of contention with some people. How they're moving from obviously from proof of work. Obviously, as we see in Bitcoin is the strongest way of securing networks. So moving to proof of stake has its own vulnerabilities. But it's interesting to follow and just just really just observe the fights from from from each of the communities. You've got all the different sides. You've got a bit Ethereum in fighting over which one's best. And then you've got Bitcoin pointing out that the obviously proof of work's best. So but I don't know, be interested to see how it works with with there's somebody interconnecting things right with with the layer two's like you know, it's polygon and things going to be smooth on on those networks and how that everything like that interlinks all the exchanges, the Dexies, which one do they naturally follow? I mean, I haven't really read up a huge amount, but is it just going to be automatic that they pick the one that I don't know if I talent once the proof of stake one? Is it all geared up for that? Or is there could there be a possibility that it accidentally follows the wrong chain? I mean, I don't know, it's going to be an interesting thing to follow. But yeah, I think there's going to be a lot of a lot of opportunity for people forgetting scammed unfortunately. There'll be you know, there'll be all sorts from panic emails going around, fake panic emails like quick save your coins now because there's an issue and people will go to sort of like myether wallet type clones or my crypto, which whichever is called now and upload their file or their private keys and into their hands of a hacker. So I think it's going to open up a lot of people for hacks unfortunately. And probably, you know, a lot of general panic from people not knowing from a technical perspective how things are going to work and the safe route for them is just to go into a stable coin or going to Bitcoin. No one, I mean, this is a no one really knows. So if you look at Ethereum, the original value proposition of Ethereum, people can out use gases, these run these smart contracts. The way Ethereum works now is not the way it was intended to work. And there was some very, you know, technical papers, we should have had a lot of thought put into them and then in the reality of running Ethereum, you just couldn't work the way they wanted it to work. And I kind of feel that with the proof of stake stuff, there's so much complexity that, you know, no one can predict how this thing is going to panel and whether it'll end up working as they intended to work. I think that's a very valid argument, Ben. But one of the arguments that I find a little bit weak is that proof of stake is centralizing because if we have a look at like the Bitcoin mining, like pie chart, like the mining pools, it's quite centralized. You know, you have like foundry at 23.5% and pool at 16% F2 pool at 15%. It's kind of three pools and you're already over 51%. All right. So proof of stake, yeah, you'll get some big players like Coinbase having a shit ton of coins. But there are a lot of exchanges nowadays. It's not like the old days where you have Mt. Gox and Coinbase or like Kraken and BTCE or something. Nowadays, there's so many exchanges all around the world. And while I think there's some with more like Coinbase, I think I don't understand the logic. While I'm totally open to hearing it because it's a very important conversation to have, I don't understand fully how it can be more centralizing than three pools being over 51%. And we can say, I mean, what I said before, it also applies to Bitcoin, because obviously the way in which mining was supposed to work, that's how the consensus was supposed to be found. And then with the no 2x and the segway stuff, we saw that it was the users who in fact sort of wielded the power by the no software in which they would run. So I think with the proof of stake stuff, it's just whether the users will ultimately have last say on decision-making or whether it will just be the majority stake holders. And I think in Bitcoin with proof of work, we've kind of proved that the users are the ones who ultimately have the less say, whereas in a very complicated consensus mechanism, which includes all sorts of social stuff and everything else. But whether that will carry over to proof of stake, I'm not sure. I think they'd like to see that power taken away from the users and given to the developers and to the powerful holders. So in that way, proof of stake might work very well for them. But also Bitcoin Gold, that got 51% attacked and Verge, 51% attacked. Have there been any examples yet of 51% attacked proof of stake coins? I couldn't tell you. I'd like to know. I think the entire system is a 51% attack. All the players in proof of stake are attacking. But I mean, more importantly, now that they've admitted that this isn't going to make the fees go down. This isn't a fee solution. Why are they even doing it? It seems like they're doing it mainly as an environmental response to Bitcoin so that they can say, we have environmentally proof of stake. You have environmentally dirty proof of work. What do you guys think about this? Is this just about long term mining computational? That's all they're doing. It's that kind of upgrade. I think it's a brilliant argument and it all swell off people. That's the thing which worries me actually about is that it's an impact on Bitcoin is how they can kind of waive that flag. They're not consuming all this carbon in the same way that Bitcoin is producing, not consuming. If it was consuming, that'd be good. It's going to be a giant marketing stick to waive at Bitcoin and they're going to go on high horses. That's definitely going to happen. They'll get on high horses with their hash ribbons. Go ahead, John. It doesn't matter. Miners will keep on mining. They don't care. They care about profit. They care about how much money they're making. It doesn't really matter what flag they waive, environmental or not. People would choose the chain that's useful to them in terms of users. I got to say, functions like decentralized finance where you can borrow and do all this stuff with smart contracts where you hold the keys. It's very, very alluring for me personally. I know that you can do that on Bitcoin using side chains. It's not on chain. I would like to see stuff happening on layer two on Bitcoin. But yeah, I mean, I think that's more of a case like real use cases. What makes it useful? You can go to town and all the media can go on about how much environmentally friendly it is. But at the end of the day, it's about cost of transactions and lightning network is pretty much free. And it's also utility, right? We'll get ready for the environmental attack. Moving on to issue two. Issue two, more than half of all Bitcoin trades are fake. Wash trading. It's not just for altcoins anymore. A new report shows that more than half of all Bitcoin trades are fake. Josh Shagalla is Bitcoin of fake market because there are so many fake trades. Well, that I mean, duh. Like you just need to look at CoinMarketCap and look at some of the ridiculous volume that some no name exchanges got. You know, some two bit exchange pops up. Out of nowhere and has, you know, $16 billion worth of volume. No, they don't. It doesn't take half a brain to figure that out. So it's funny that these articles come out like there, there's some sort of like really. So Josh, what does wash trading mean? How is wash trading possible on these new exchanges, but not possible on, say, Coinbase? It is possible on Coinbase. It's possible on any exchange. We've never done it. And that's why you can see real volume, which is pretty low compared to like some of these other exchanges. What wash trading is, is basically the exchange has got an order book and they'll just buy and sell their own coins over and over again bringing up the volume chart, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, and go, look how much volume we're trading. And they're just trading at themselves, the exchanges, or they're paying market makers to trade with themselves constantly. There is a legitimate reason for wash trading and that is, it's not really wash trading. It's basically when the market maker has a position too high on one side and they need to rebalance themselves. And so they'll trade between market makers to sort of rebalance. But that's not really wash trading. What's wash trading really in the pure sense is an exchange is basically taking 100 Bitcoin or less, one Bitcoin and just trading it back and forth between two accounts. Basically, or the two. Now what if the fees were very low or even no fees with this increase the amount of wash trading? Well, if the exchange is doing that, I don't care. They can have really high fees because the fees are going to themselves anyway. But and it's usually the exchange is doing it because they want to look relevant. They want to go, hey, look traders, you'll never have a problem here. Look how much volume we've got because the problem that what they're saying to traders, first of all, it bumps you up the coin market cap or these sort of lists. So you go, look, wow, this exchange, I've never heard of them. I might check them out. Or traders go, wow, there's a lot of volume there. So what does that mean? It means that if you have a large position somewhere and you want to let go of that straight away, you're not going to have too much slippage. You're not going to go, you know, you bid at 21,000 for Bitcoin and it drops down to 20,000 because you've sold, you know, one Bitcoin. So coins could not only fake their market cap, but they could also fake their volume. Absolutely. Absolutely. That's a lot of fakes. Dan, Eve, what do you think about this exciting news that half of the Bitcoin trades may be fake? Well, it's not just half. They gave a specific number, which is very significant that we've just been talking about. So they came up with the number 157 exchanges, 51% of the volume is faked. So it's a 51% volume attack. Does that mean they get to take over the exchanges now? They have 51% are climber board. So all these watch changes just to puff their chests as Josh said, get them up the ranks and some of it's really obvious as well. They don't make an effort by kind of making the volume vary over 24 hours. So you look at the volume chart and it's just a flat line. It's like horizontal where it's just the same number of nodes. Turn it on. Yeah, exactly. Bots on and it's just flat where it's obviously you'd see fluctuations in the volume as you would in in price and stuff. But you can you can do this yourself by checking your order book and it's really quite quite easy. So one is to just double check and you see this on loads of exchanges where the actual trades that are happening don't just you don't seem to see them actually happening or based on the order book that's there. You'll see a trade this this comes up into the history but there wasn't an order there that matches those specifics before. There's another way that the depth as well. So like there's some of the order books you know they have say a hundred bitcoin on the total buy-ins across you know the total buy order book for example but the 24 hour volume of a thousand bitcoin. So somehow that it's trading 10 times as much as the entire order book. Sorry sell not buy so huge it's a huge difference there. But one thing that is quite interesting all this is that and I don't know at which point this happened but the tether flippering or the tethering as you could call it but when the volume of bitcoin it was superseded by tether which is doing so the moment the volume of the tether volume over 24 hours is something like 50 was it 59 billion and the volume of bitcoin is 40 billion so it's the actual amount of tether that's being traded is now significantly more than bitcoin and that actually if you take the volume the volume to market cap it's tether is trading at 87% of its volume to the market cap compared to bitcoin's 10% volume to market cap. But obviously that's because people use tether for a lot more stuff now right. But you know bitcoin used to be the index you know every exchange was bitcoin trading bitcoin against something else whereas now a lot of people like to go into tether rather than bitcoin when flipping in and out. So yeah I mean I think with dex is it's less likely you're less likely to see I think logically wash trading because the fees that are associated so it's not just a case of trading and exchange trading with itself there's a fee structure that goes with it that goes to the people that provide the liquidity. So that made that volume reported from dex is maybe a bit more accurate. Yeah I was just about to say that dex is are a lot more accurate because if you look across polygon like uniswap you can check uniswap on polygon on Ethereum on avalanche and you specifically see Ethereum's got way more volume than polygon it's like about 10% of if volume is on poly. So and there's a fee there's a price to trading on uniswap that goes to a pool and the pool if it's a large pool has many people in it so you can't you make the fee goes to the people that are in that pool. So yeah it's definitely an interesting thing to see that decentralized exchanges are more transparent than centralized exchanges. Ben Ark Bitcoin is programmable money it's supposed to solve all of our problems. How can this still happen? Is it Bitcoin's fault? Mark it's man. I always think back to Adam Smith and his vile maximum of the masters of mankind all for ourselves and nothing for other people and then Adam Smith proposed it was the role of government to regulate to stop the masters of mankind screwing over everybody else. Obviously we don't want government so it's up to the people isn't it to march with their feet to build better solutions like the decentralized exchanges more accountable solutions where we can actually figure out how much liquidity there is actually inside these exchanges but I think frustrating can also encompass external players so we have in Bitcoin we have the the welcome vows who would like shift the price and then get the price to dump and then who for up all those cheap coins so that still happens on the more liquid markets. I'm not sure what happens so much on Bitcoin because it's obviously quite liquid and we also see that some of the big dumps which happen people like Elon Musk where they double the coins in the market. Huge dumps big dumps everywhere and it doesn't really shift the price like it used to so it's harder like your Kabbalah whales needs to be a little bit bigger but I'm sure they still exist. I'm sure there's some groups of people with a lot of money who are able to move prices around and move you know move the the price of a coin down so they can who've got the cheap ones. I think less than one Bitcoin but yeah it's just up to us to use these decentralized exchanges. Use legitimate honest exchanges like Josh's Valtaro and to not use these exchanges and also Kraken as well you know who spoke about last week with Jesse Powertryner sort of prove that they have some funds by having some auditing. We've just got to use those services as opposed to using the ones which can fiddle the price which has a detrimental effect on the whole ecosystem as we can see so you've got this bad press but I do actually think that the academic research which has been done into this topic by was it Forbes who did a research piece or the Forbes wasn't it is also quite very important now we're more mainstream we get more of this academic research from legitimate researchers who aren't just there to fund but do you actually want to explore the problems of washtrading in sort of the cryptocurrency space so yeah look you'll only get better. I mean real traders see the washtrading and washtrading exchanges don't last long they can't last long because they're basically traders come along but like actual traders and see that the volume isn't there that there is slippage so yeah then the problem is if the majority of the liquidity is you know the the the the Chinese granny you know trading on a phone or whatever it was with the ICO boom wasn't it was the the Chinese mother's trying to get some more capital and I think like the yes there's some big players and some legitimate traders who are going to see these plans but then there's also a whole bunch of people vulnerable people who are just going to get taken advantage of but then it's that classic thing that you know once you've been stung then hopefully you won't go play with the bees again. We're running out of time moving on to the exit question predicting against the magic eight ball the predictor of predictors prognosticator of prognosticators Josh Egala will the price be higher or lower this time. Well it was wrong last year I mean last last week it was wrong. I'm we were right the price is lower and I think we might be going sideways. Dan Eave do you agree we're going sideways? I was right for the first time in about 10 which makes my record about as good as Jim Kramer's and so I think I'm actually going to go I'm still going down I'm I'm afraid I'm I'm I'm a negative negative Nancy as they say and I think we're still going down a bit. Ben are the pessimistic panel. I think that you know Elon Musk and Bezos and Sailor on their little telegram group I think they're all in agreement now that they've they push the price down they've hoved up those cheap coins and now the price is going to go back up. There we go Ben has spoken and now the magic eight ball here we go big money big money will the price of Bitcoin be higher this time next week it says almost impossible to read outlook good look good so the eight ball is bullish again. Moving on to issue three John McAfee faked his death and is still alive in Texas ex-girlfriend claims in new Netflix documentary a new debt Netflix documentary perhaps showing more of John McAfee side but still a wild ride as the fugitive escapes country after country fleeing in his yacht heavily loaded with weapons greeted at each port where they like to see his weapons John McAfee in the news again of course in the New York Post so take that with a grain of salt. Also we'd like to talk about crypto where the fallen seek a fresh start the people from we work a failed startup where they wasted millions perhaps even billions of other people's money is now back creating a new crypto startup maybe we'll have the people from Theranos in crypto soon why do we get such wonderful people in crypto and what about the perhaps continuing adventures of John McAfee let's go to Dan E for the crypto wild people well I think the reason why starting in reverse the reason why we get so many so many fallen fallen angels if that's probably not the right word but these fallen the fallen people from from these these crazy startups that failed it's because there's let's be honest there's a lot of gullible people in crypto and that will just throw their money at stuff and so you know they probably don't do their research they or they they didn't you know weren't aware of the fall of we work for example and they just hear oh we work yeah I remember that they they're they were really successful and they kind of don't know the the backstory to it but with with with John McAfee or Theranos hey there's a movie about that that's cool I've heard of it I'm yeah exactly yeah yeah is she in jail right now they're seeing all did she do time I don't think they ever put these people in jail they just make them feel bad and tell them they're not going to give them anymore startup money but we'll see yeah but the fire festival guy he's still in jail right isn't he didn't he get like 20 years or something I don't know he's probably starting a new festival they probably have an NFT yeah so with with John McAfee though this is obviously quite interesting he's I think I think his legend John McAfee and he's very sad his passing I know obviously people didn't like him because he did a shit coin run in 2017 where he's short some crazy shit coins but I don't know I think I'm a bit serious about this like it's his ex-girlfriend rather than his you know his his wife that that that he would old and yeah what if it's like I don't I think 2022 as between 2020 and 2022 there's so many crazy things that I could believe anything for example now I'm saying that they did this but deepfakes are pretty good nowadays so what if Netflix were like oh the John McAfee was uh doc documentary was really good why don't we deepfake his voice and phone his ex-girlfriend and say he's still alive and then we can interview her and anything can happen I'll say that um but you know she's like oh I don't know if I should say but two weeks ago I got a call for him well if you don't know you should say usually you'd say that even between friends but not but not on a documentary that's going to be about him so I don't know it's all a bit all of it sus really and and you know what I've seen the documentary yet but what did what did Janice Dyson is his is we don't have to say about it more importantly as Dyson was a working girl is that a nickname because of suction power I don't know more questions to be answered so many questions well I can speak to a little bit of that Dan because I did watch the documentary and this new Netflix documentary is very different than the old Netflix documentary the old Netflix documentary called Gringo mainly focused on John McAfee and the alleged incident with his neighbor if you guys haven't heard the neighbor had a problem with John McAfee's dogs they ran wild on the beach the neighbor is accused of saying I will poison your dogs the dogs ended up poisoned several of the dogs died several of the dogs McAfee himself put out of his misery then the neighbor ends up murdered some people say that John McAfee claimed he would murder the neighbor allegedly so this documentary very different from that one a more behind the scenes documentary at many points you actually fear for the documentarians lives it's like they really got pulled up into it like watching the anarchist documentary this one's almost the same but they grabbed the guy by his collar he jumps on an airplane and pretty soon they're sneaking into another country he grabs him by the collar again they get on a boat pretty soon they're sneaking into another country just amazing to see the risks that these guys went to get the footage and also an interesting documentary technically because it's more like a documentary about the failed documentary these guys went out there got a bunch of good footage didn't know what to do with it a later crew came along did another series of interviews and used that good footage put it to good use as for what Dan was saying about the girlfriend versus the wife the wife seemed very strong she was yelling at the cameraman to put the camera down and the cameraman when the police came in he'd put it up he'd keep it on when the wife yelled at him he actually turned it off so there might have been a reason that he called the ex-girlfriend instead of the wife and as far as the salacious part of this it's literally the last 30 seconds of the film the girlfriend says I got a phone call from John he's alive in Texas and wanted me to run away with him so very romantic ending maybe a second documentary maybe they'll be more about this but the rest of the documentary was just about McAfee who's a very fascinating figure I love him or hate him Josh Shagalla what do you think about the new McAfee documentary and the possibility that he's alive in Texas I love it I think it's great it's sort of giving that a little bit of that Satoshi mystery you know but surrounded by a total shit quainer so fascinating I like John as well many more couple of times and yeah I was really sad to hear that he passed the weird thing is he's like he lives the lifestyle of a full-on mafia boss without doing anything illegal apart from maybe dodging some taxes I don't know but like he was just always like watch out he's like watching his back from who you watching your back from Johnny well what he was so weird it was so really like to live that rebellious lifestyle without actually selling any drugs or selling anything illegal doing anything of yeah anyway weird guy funny story definitely one of the characters in Bitcoin and I like the story sort of lives on it's kind of like we saw Elvis you know he's working at McDonald's or something like that it was interesting Josh for all the trouble McAfee was in and all the drugs and the alleged murder and so forth the thing that really pissed the feds off was the 30 million dollars he allegedly took from a shit coin of the day it was those tweets where he was like and it was so transparent that's I was always so surprised why people would pay for this kind of promotion because McAfee clearly loved a new shit coin every day who could have so much room in their heart to love so many shit coins but obviously he was being handsomely paid and that's what led to them tracking him down is that that pissed him off Ben Archer thoughts on John McAfee perhaps being alive and why we just seem to get the best people in crypto yeah it was it was death in taxes the US semi John McAfee publicly did not refuse to pay taxes on all the the mind games he got from all the shit coins so that's why they you know went after him as they you know needs to prove that everyone pays their taxes and that's what they do so everyone pay your taxes and also you'll be you'll get John McAfee in some prison silence Spain when I used to teach IT computer science to naughty bastards before doing the Bitcoin stuff I used to John McAfee was someone I'd whip out in those first few lessons so if you had some lad you know from the estate who doesn't want to engage in his IT lesson I used to get a picture of John McAfee up with his with his AKs and with all the marijuana behind him I'd be like look IT's cool it's not just for dogs to badass it's like me and it would work too as well it would work they would engage after I remember the vice exer actually when John McAfee was on the run and there was a little exit they did on vice media on YouTube where he'd just come out of hiding and using Guatemala and it was kind of flaky footage and then I remember thinking oh cool there's going to be a documentary about this about this because clearly the the the Rocco guy from vice was there I used to film this documentary and I thought there'd be some good video after that about McAfee and then it never happened and I really didn't understand why and to contradict your point Thomas I think the footage was incredibly bad I mean that the cameraman didn't seem to know what he was doing in the camera which he had you know he admitted he got given to him by some dude in the bar and then I actually looked into the reporter as well the Rocco guy and I think he left vice shortly after this so I think basically what happened was vice sent these two clowns off to get this great story and they did a terrible job probably got with it messed up on drugs along the way so by proxy with McAfee and I think they just fluffed the the film the documentary there was and there wasn't enough good footage to make a documentary there was enough footage to make a donk commentary about trying to make the documentary which is what we have with this new Netflix documentary and it's quite interesting to watch but with McAfee I mean he was he looked really good for his age when he was on the run and you know he just and then when he went to the US and he was who was who was a you know mostly the libertarian party or something he was who's trying to run herself or something anyway he looked very healthy then but then I think he got back into alcohol and drugs and the five years which passed between him getting back into the US and then going on the run again you could see that his health had radically declined and if the dude is still alive I can't imagine it's for very long because you can by the end of this documentary this Netflix documentary you can see he wasn't in a particularly good shape so yeah I think he's probably dead and he probably did hang himself and it was his final last troll on the world but is it incredibly complicated and interesting because just very just a very good speaker very good I mean I wish he hadn't have gone down that road and I wish he'd stuck about and then just focused on Bitcoin and then being just somebody who could speak well about technology because he could always speak well about technology no matter how what substances he was on so for that reason it was a bit of a shame and then there's also a shame that he got caught up in all the shit coinery but he kind of gets a pass somehow I don't know why but John McAfee I think has a warm place in a lot of hearts for just being a wildman well I do think the cameraman and the interviewer were way over their head and it almost seemed like they decided to join Hunter S. Thompson's crew and then about halfway through they realized they're like wait a minute you know we're part of Hunter S. Thompson's entourage we're part of this whole thing and there is different parts where the camera crew McAfee was saying things like keep filming me all the time and I think he almost thought it was kind of an assassination preventative as long as the cameras are filming I can't be shot maybe even I can't be arrested which would be great that would be an amazing superpower for cameras and then there's other points like when they went from I think Belize to Guatemala they get into the other country by boat and they suddenly realize that no one's going to let you in without an exit stamp right like you're stamped into Belize you need to be exit stamped out of Belize before they can stamp you into Guatemala and it doesn't matter that you were just camera crew following this maniac like you're in the same position as the maniac and I don't think they'd even consider that until they got a shore maybe they haven't used passport very much that kind of thing is that where they rocked up with all the guns and they got told off by the well the gun thing another the gun problem obviously don't wear your gun in a holster if you're ever going to meet anybody in polite company just leave the gun inside you don't need a holster unless it's a shootout then the other problem is the excessive number of guns and that he seemed to have them displayed I would think maybe if you had a deep hold and you had your hold guns and then you showed them the first two or three but then it felt like the first port they went to they had to throw out five of the guns and then the next port they would only have three which seemed like a more acceptable number of guns depending on your government rules it was it was it did seem similar to the anarchist uh documentry series in a way in that there was a bunch of people who were like yeah it's like there's a drug to never let a gun so I'm going to get to South Central America I do I want blubla and then it's like no sorry you can get arrested because we don't want you to carry on like thank you very much are you going to get in trouble with the local drug cartels and it kind of felt a little bit similar in that regard like living the lifestyle a bit too hard you know well in a very very much like taping that kind of having a philosophical idea like I believe in philosophical anarchism and then going to the real world and trying to practice it and realizing that so much of the real world is just based upon force if they have the force to do it to you they can do it to you if you have the force you can stop them from doing it to you and this just kind of guttural sense but yeah I agree Ben I thought it was a lot like the anarchist documentary and one of the other interesting points I thought was when McAfee was talking to the camera and you have to imagine like you were saying that the many lives of McAfee memia of us remember installing the antivirus years and years and years he's on the cutting edge of that then he walks away from the company he keeps claiming all this computer stuff but it always seems kind of a made up and then at the end he's saying like he also made up this whole drug pirate thing that he wanted the world to think of John McAfee wild man drug pilot pirate tattoos on his arms all these things all the women all the other stuff we didn't even talk about unfortunately but what do you think of that about McAfee and creating his own image I remember I remember him having an interview where he someone was asking him if he'd ever lost Bitcoin and then he said he had because he didn't put in a specified change address and he specified the change address not wrong and then he lost a bunch of Bitcoin and then I remember thinking well that's legitimate and it's also the sort of issue you would have if you were playing around with the technology and you would kind of doing in a command line type where you weren't using some wallet which automates that process for you so I remember thinking well that's kind of cool like he has actually got his hands dirty even though he's this busy guy he's very rich and you know he's got all these sick of fans around him clearly at some point he sat down command line tried to use some Bitcoin shit lost some Bitcoin not specifying a change address so that for me that legitimized him is like still a techie you know still someone who's interested in technology so that's kind of my anecdotal evidence on that well and I think the way he started McAfee antiviruses he might have been just collecting viruses and he's like oh these are cool like I want to study him I want to see what they do he was the first first person to issue a patch of virus and then make it like publicly available that's how it started and then he realized that he could probably make some money by selling the solution it was a genius plan let's move on to the exit question uh is John McAfee alive Josh Shagalla yes or no still muted no Dan Eve yes or no yeah he's chilling on an island with two pack and Elvis very sarcastic yes Ben Arke you can save the day for the girlfriend she received a phone call is John McAfee alive there's a little John McAfee in all of this all the romantic answer I'm going to agree with the panel unfortunately I think that John McAfee is dead and the world is less interesting without him just like John Dillinger killed for trying to go to a movie speaking of movies did you know the world crypto network has its own web page at worldcryptoneatork.com you can watch the board on the side as Thomas Hunt leads the leader board followed by tone veys dan eve jimmy song and Josh was Shagalla picking up the rear what will happen next we've also got a podcast on apple itunes and other places you could give us a rating it would be our first rating in years our old ratings are very old you could give us a new rating on apple itunes or wherever you listen to podcasts we've also been keeping it up to date they say that we are updated weekly now so they believe in us again moving on to issue for crypto atm bitcoin depot to go public with an eight hundred and eighty five million dollars back deal at first I was like why do I care about this then I read it again eight hundred and eighty five million dollars they're going to put bitcoin atm all over the united states and nine canadian provinces where they can convert cash into bitcoin ethereum or lightcoin maybe even dogecoin Josh the gala eight hundred and eighty five million dollars for crypto atm it's a pretty epic bold move I'd say what um yeah i one thing that's always confused me is why didn't they just use old light white and back just turn on turn on crypto i don't know they've got the screen they've got the cash part they've they've got the software like what but anyway yeah it's cool uh let's go let's go that's what i actually exactly what i was thinking and i can't believe there's such a large investment in what i would worry about as an industry like you say could be wiped out with a single upgrade to their eight-tam machines a single software update could wipe out your entire almost a billion dollar bet yeah dan eve bitcoin atm's worth the investment it's also going to be on the stock market you could buy this company on the nasdaq what i think it sounds pretty ninja anything to get bitcoin more in front of people's faces is a is a good thing um on on the the with existing banks though right most atm's are only they only spit out cash right so the downside to that would be it would only be for people selling bitcoin um in theory right if they would they would uh send send the bitcoin to the atm a lot of atm's these days do have photo readers and could read like checks or could read dollar bills so if you put 20's in it is possibly you couldn't buy bitcoin at those atm's it would be atm by atm uh server so yeah yeah they're actually they're maybe yeah they're they're mainly spit out in the in the you can when you do get deposit ones right that they're actually in the bank but the ones that you find on the wall and like in in shops and stuff they're they're they're a spit out only well in many in many many ways that makes it worse that means that the what i think of as the inexpensive atm's the ones at gas stations those would be the one way but if say bank of america decides they take bitcoin tomorrow they turn on all the atm's they own and they they even have a uh a staff of people to help you if you're really confused that no that that would be good the uh the only downside is that uh is is the i think they're probably concerned a bank a traditional banks concerned about like the confusion over bitcoin like as in they're they're they'd have to train up all their staff right whereas like you know the people who are buying crypto specifically they are buying a crypto machine they're kind of almost geared up for the fact that they're going to have to tell people how it works whatever um but you know there's always stories about people that that go into the ones they're in in a shop for example and they're like trying to put their life savings in there because they read it on the internet that if they don't go into deposit bitcoin to this address then the taxman will get them even though it's a crazy made up fishing type story um but um yeah yeah yeah that's what the taxman wants like Spotify gift cards yeah what is that what the story is about? I'm actually terrible it's really bad but actually one thing that banks might be able to use this for by turning these things on is actually they could save a lot of money by turning this on because it's amazing how much they spend on brinks armoured cars refilling these things right what they could do is they could say hey big the cash cash piles low on this machine so they can make bitcoin slightly cheaper on there the spread slightly less so people will go and actually put money into those machines and they could publicly say hey this machine here is cheaper right now than this one and sort of have the users the humans actually filling machines where it's needed um you know what could really save the money if they adopted the entire casino model because the casinos don't have cash machines anymore you put your cash in and you get a little voucher that says hey 15 dollars if you scan it somewhere so the banks could just give out those vouchers they don't even have to give out cash anymore this is great yeah cash is a voucher spoiler alert oh yeah Ben Arck what do you think about the bitcoin ATMs deal is it a good deal a bad deal I mean like we were saying there with ATMs like in the UK we've got some um suddenly all the ATM operators got hit with this like pre-archaic regulation um so I kind of feeling that maybe some of the CFTC bitcoin being registered as a commodity in the US means that these ATMs are going to become you know more legitimate I'm just buying some gold you know like it's maybe there's maybe there's that's that's maybe that's part of the investment and why is now we have in the US you have like you'll you will have um uh clearer regulations uh for the whole country as opposed to just state regulations which maybe of impact of the decision to to roll out all these ATMs I think with an ATM you mean obviously if you buy a bitcoin the easiest way will be put you card in and then you just say I want to buy some bitcoin and then it just shows you print sort of QR code whatever um so you don't necessarily have to put cash in so you can just buy past the cash bit and actually with the cash I mean I have here like I got myself a couple of uh bill acceptors of course everyone should have a few at least and uh these are by I'm going to do some shilling that other by a very good company in the UK called innovative technologies and uh the the notes go in it it does polymer notes so a horrible British plastic notes so we'll recognize these brilliant little bit of engineering it's fantastic being get an additional margin which goes on the bottom of which is a hopper so the cash goes in and gets sorted and then if you want you can then have the cash come out as well it's fairly easy uh to do and I imagine that most ATMs have these hoppers built into them because they're just gonna have the cash fall into a bucket so uh probably the you can also get the cash to spit out of these bill acceptors if you wanted to um and then use them as it is a bitcoin ATM for pin and out uh putting cash in taking cash out whatever um and also use it for your card as well so yeah styling, styling is a great bank they do crypto stuff maybe they'll roll out a couple of ATMs um in the in the US but I really kind of have thinking that this ATM um if you can invest that much money into infrastructure into the bitcoin space then something like the CFTC stuff with the bitcoin is uh is going to be very relevant to you I think so I kind of think can this somehow relate to that well since Ben pulled out that I'm gonna pull out some gadgets I've got this etchers sketch here it allows you to draw and uh and and you can just wipe it off like that and redraw you know so just saying incredible incredible technology I definitely keep that away from the banks yeah yeah and we're moving on to our final issue bonus issue tonight these board apes will melt in your mouth M&M's releases NFT inspired candy a licensing deal between Mars and music label UMG means that board ape NFT images are now printed on M&M chocolate candies M&M NFTs continue to be the greatest advertising resource for bitcoin that all bitcoiners hate Josh Jagalla why do the bitcoiners continue to hate NFTs when they make article after article spreading the word about non-fungible tokens which if you even try to learn what that means you become a bitcointer and you become infinitely more geeky yeah um actually I was interested why it was UMG did did the music label buy and boardate your club I believe they have they've they've bought board apioclub and board apioclub has purchased crypto punks and now it's like a giant media conglomerate I'm not sure if they bought them or if they just did a a licensing deal but they are trying to put apes and punks into animated tv shows movies marketing everything everything yeah yeah no I mean it's it's amazing and um actually what I'd love to see Mars do is put a different crypto logo on each Mars that'd be cool I do think the orange M&M's would be perfect for bitcoin 10 Eve what do you think about the board ape M&M club they didn't so UMG didn't buy the the company didn't they that what did they just buy four of them and then use that use those in their imagery because uh I I understood it as they play literally it does it does look like they have they have four board apes yeah rather than buying the whole like yeah it doesn't look like they have the whole uh company but I see that's even genius uh right you buy a couple of this was my idea back with crypto kid is you buy one crypto kiddie you make a cartoon about that one yeah it becomes famous and then that's the kiddie is uh is worth a whole lot more it looks like this has to do with a a band that UMG is creating out of board apes so I think it's the the board ape band that is now featured on the M&M's now that uh the zombie one has to be the drama surely it's a it's a cool idea doesn't it you know that I can see there's just so many different use cases for for NFTs and interesting to see how existing companies uh I'm just making their own NFTs but they're leveraging other NFTs that they're buying and leveraging the rights of those and then using them um so maybe the NFTs have uh the general markets dropped a lot in terms of volume and yeah average prices and all that but they're definitely here to stay right that's one thing that's for sure there's so many use cases that we haven't even thought of yet and um I'm not sure about the gaming industry but you know they're surely one of the biggest markets is is is this you know the buyables in in games like there's uh the traditional games right like something like Call of Duty suddenly going down the NFT route or something huge like that I can definitely see um see that coming for sure but yeah I don't know I think ultimately um love it love it or hate it NFTs uh they're definitely here to stay and they've got so many cool different utilities so I'd be interested to see if if um is it so what's the so to Shion and what's the Bitcoin version of NFTs the one that's on liquid rare to Shion rare to Shion yeah be interested to see if there's much adoption for rare to Shion and and NFTs on on Bitcoin but they're certainly doing the rounds in terms of I don't know they've got influences and music stars and singers and actors you know they're all buying them so they're definitely making the rounds that's for sure Ben Arck first it's a collectible now it's a candy yeah it's all the um all the cool print front end people you're like yeah yeah we should do NFTs and there's all these designers in the and these designers in these big companies they're going to send to their bosses in those fancy board meetings with the big white tables and they're like yeah yeah NFTs we should do get NFTs and then all NFTs whereas you don't get many of them in Bitcoin because we got rid of them when they all went to Ethereum so um when they come back to Bitcoin maybe they'll build an FTs on Bitcoin but for now we don't have to worry about it but this idea that they're in a band I mean that's it I said clearly like a guerrilla's ripoff I'm sure Damon Olben's got some you know grounds to sue on that front on Bitcoin gaming companies Zabadi is the greatest Bitcoin gaming company in the world currently they're doing incredible work check out Zabadi if you don't know what Zabadi are they're doing some real innovative stuff they haven't really touch the NFT thing yeah they're more focusing on in-game you know Ben Arck is lightning that work in a game where he pays play with some sort sort of stuff which is why I like them because quite often we decide to do if using NFTs in games they try and build a game around the NFT whereas they're thinking reality something like rockstar will just implement some non-fundable qualities to the items in Grand Theft Auto and you'll be able to get some cool gun and be assured that there's only a thousand of them in the games and going to print more of them so I don't think it's going to come from some Bitcoin company or some crypto company trying to make some game and including NFTs I think it's going to be some big game company which will then use NFTs and that'll be super cool like World of Warcraft or games you know and that'll be very good for you check out Zabadi that they're a great a great company NFTs we're running out of time Josh Agala are you ready with a prediction or a story of the week go ahead I still call them colored coins I tell you yeah that's out of fashion these days out of fashion politically incorrect yeah hey yeah we we've been that was that that was a terrible term wasn't it when they called them colored coins it really was a terrible term why I thought it was great because it really I never thought of it like that like I didn't until he said it for some reason that's the first time you said that that I've ever even thought of it like that I like that because it was like you color one point and you could follow it through the network and that's that's what was that's what always was in my mind yeah anyway is what it is but yeah so if you go we we have these community calls every week and during these community calls we give away these proof of attendance NFTs and they're absolutely amazing I will show the I'll show you quickly share the screen here see if I can bring up the old let's see did I do share screen here we go so can you see that I don't know oops can you see the rings yeah so yeah so these these we give out when you listen to the show and you just retweet our tweet with the the number that you want and you're probably going to address and we'll send it send one to you so make sure join the telegram or just follow me at jay shigala I'll put it in the chat here in a minute and and we'll tell you when the next community calls on because yeah these are absolutely sensational and they have some reason for being around as well so check out the standard.io go go to that and you'll see the telegram there or I'll post it in in the chat in a minute but yeah people are loving that and you know it's not really part of the standard protocol it's just a fun thing for the community but it really showed me the power of an image and art and allowing people to collect it but also NFTs aren't just the image they can be used for a key to unlock stuff and if you get clever with them you can also build a network of keys and there's all sorts of interesting things you can do with NFTs also when when we're building out the standard you know what the standard is is the ability to lock up assets and then mint a stablecoin from those assets and sometimes you have these debts to yourself and maybe you can't pay off that debt anymore and you've got all these assets locked up so what we're looking at is the ability to sell that as an NFT that debt collateralized debt position as an NFT to someone else and they would buy it pay off the debt and unlock the assets inside so it would be a great way to be able to at least recover some money if you if you couldn't pay off the debt that you took out on yourself so yeah check check out the standard.io that's what we're working on really hard and our community is growing every day these rings have really helped push stuff out there's there's 260 of them to give out and we're going to release more next Thursday we do a show every Thursday on Twitter spaces so be sure to join us for that. Well very cool I've always said that NFT should be used for marketing and it's good to see Josh doing that as well as a proof of participation community building all of these things and maybe even someday valuable who knows it's that signature that you own and it's a collectible and it's worth as much as someone will pay you for it Dan Eve prediction or a story the week go ahead. Okay I'm gonna do I'm gonna do both so prediction is that a gaming company maybe not this week you know so but but the a gaming company will bring out NFTs like an existing one that's big because it just it's just a reason why they're going if if if M&M's are doing it right Mars are doing it then then the perfect excuse for a girl you know reasonable be if you're a game company to and and and and building on the rings so the mid-journey is one of these incredible like image generators I've been fiddling around with and it is amazing like I've been trying to do really abstract stuff like like the God particle and like the standard model and just seeing what sort of random stuff that it comes up with but yeah it's just you can just play around with it it's totally absolutely amazing just the the the level that a i's come it's just incredible and even just from the different beta version so you can change the different parameters and and you know put put put something you want in and then try the beta one and beta two different versions of it and it's just it's just mind blowing it's amazing some of the some of the stuff that comes out with yeah apparently just just brought there's our their image text image model as well so it's it's just go there's about 30 of them now different companies releasing there so there's a huge competition in the space to get this one one group that I think is interesting that hasn't released one is Adobe I think there should be in Photoshop it would be really awesome to have that embedded in Photoshop because it just makes so much sense well and what's so great about it like Dan been saying I've been messing with mid-journey as well not only can it create the creative parts for you like I've been making NFTs it'll also make a background header image for you it'll help you make a great thumbnail it'll make you a logo for your company maybe something you hadn't even thought of like putting in the words for your company like colored coins who knows what's going to come out the other side and uh yeah I agree with Dan it's almost I already feel like it's like my AI friend like I'm let's go make some art together with my AI friend and see what comes out and then I kind of try to publish the best ones and combining that with the NFT I think it's kind of fun like you're making little collectibles and then if people want to collect them that's fine too yes a great idea to package it into um um graphic software like um Adobe so if you just want a little bit inspiration you can just click it and you just go oh if you thought about doing this and create something which you would never be able to create in a million years um but no it is it it is it it it it it it really good I did have that sort of stuff in there uh in those graphic design project and on graphic designers and my my little rant about NFTs and the cool bricks obviously my panelist is full of NFT innovators who have very much respect and hold in the highest regard I'm not categorizing you in the same category of the the M&M's designers who pitched the NFT M&M's um you know what's great is it's not just M&M's it's also M&M M&M's working on a project with Snoop Dogg they're going to put music into NFTs and Snoop Dogg's gone so far as he even pulled all of his music off of Apple music and Spotify and he's going to make people buy these NFT versions he he owns death row records and it it is it is a lot of like you say you you I mean I think I was listening to it it's almost a mid to publicly but I was listening to a gyro podcast and um in one of the most what is an NFT and uh you're right as soon as you research that stuff you're like well why does it need to be non-fundable and then they they're all of a sudden they're docs and they join the the Legion of Docs which is good I like I really like your NFTs Josh as well I can't help imagining that you've got one ring to rule them on in the darkness find them um I hope or we're running out of time Ben Archdy have a prediction or a story of a week go ahead yeah uh my my uh Lee and Jean who were developers uh to come with people to contribute to Alan bits they made a Bolt card extension which is almost ready like we're going to release it pretty soon and then that will allow you to create those um lightning payment cards people have been getting excited about on Twitter um where you basically you can create a unique Alan URL withdraw so like a withdrawal faucet with every tap um that's very exciting uh I was having a little review of that today and um I'm adding some functionality as well so you can add in like uh maximum spend and then maximum daily spend uh so you can simulate you know legacy tap and pay cards and it works really well as well there's some great there's a video on Bitcoin Reddit if you want to go have a look at it and they they do a race between um uh standard legacy bank card and then a uh bolt card and the bolt card's like wins so that's pretty cool nice nice to see Bitcoin racing against banks now yeah well out competing them it's crazy isn't it like before a while we had these different properties like sensitive resistive blah blah blah and now with the lightning stuff we can now actually outcompete them transaction throughput and speed of transactions of whatever I thought it was so I think wait until Michael say like he is about this it's very popular on Twitter to criticize the Ethereum merge but I for one believe that it will work and if it doesn't work what's even better is that they'll fix it Ethereum is like they're building a huge jenga stack up into space and they have all these scientific advisors flying around the stack trying to keep it working and it drives everyone insane because they say the stack could fall over at any time if it wasn't for all the scientific advisors developers developers developers developers Ethereum will survive we're out of time until next time bye bye