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. Joshua Schegalla from thestander.io. What goes up must come down and go back up again. And I'm Thomas Hunt from the World Crypto Network, moving on to issue one. Issue one, Bitcoin Lightning Network misses block after enormous multi-sig transaction. A validation bug caused by a complex multi-sig transaction temporarily disrupted a popular implementation of Bitcoins Lightning Network. The transaction had more than 900 different transactions inside of it. It was a 998 of 999 multi-sig transaction featuring 998 private key signatures to authenticate the transaction and enormously complex and unusual task. Dan Eave, are you with us? What do you think about the Lightning Network missing a block? Thank you. Technical difficulty is there. Well, it seems like a pretty big test right of the multi-sig. I'm wondering, I'm sure that's probably the first time that they had 998 out of 999 multi-sig, or even close to that because it's quite a technical, big technical setup. So what's impressive is the fact that even though it did miss a block, which is obviously bad, is that now they resolved it. And now you can actually do someone's proven. Now they've got the fix out there already. You can do a 998 out of 999, which is huge, right? I'm not sure what the limitation for Ethereum is, but unlike Stellar, it's something like 20. I mean, I couldn't find the information when I was trying to search for it. But it just shows, does to show how, and this was using tap, right? So it's obviously using new technology. It's obviously just being in the process of evolving. And they're still going to be finding issues. Lightning is still considered kind of experimental. And so there's still the kind of people disclaimer lighting we've done, but too much fun on it, even though it's still growing very steadily. So what's good is the reaction time of how quick they are able to patch it up and fix it. And the impact wasn't, you know, it wasn't as big as it could have been, right? It wasn't the fact that people lost funds. They didn't lose funds. They didn't, they didn't miss a block. They did store things in the network. But it's a good lesson that's learned and patched quite, quite quickly. So I think it's, then the day it is experimental. Don't put too much money in Lightning Network. It is a growing technology. And there will be issues like this. It just needs to go through these little pain phases to help with wider adoption to make it more resilient. Joshua, Shagala. Yeah. You know, I would be interested to see what happened to Lightning Core from Blockstream and the other one. I can't, but I can never pronounce that one. But what happened to those implementations, and this is the beautiful thing about having implementations is that you, you can disrupt one without disrupting the whole lot. So only part of the network was out of sync for a little bit. And really, like Dan said, it was, it was a nice test of having an anti-fragile system work. So, you know, it broke it. What I'd like to see is, how do you stop someone just making, I don't know, a million transactions, sort of multi-seag, you know, where do you stop? Because once you can programat, programmatically do it, it will really waste the limit. So it does seem like they should put some kind of a cap on it. Like Dan said, if they fixed it for $9.99, that's great. But what about a thousand? What about 1500? Like Joshua said, it's pretty easy. Someone's going to keep doing this until they break the Lightning Network. This could be a permanent problem unless they put some kind of a temporary cap, if they raise it in the future. I mean, what's what's great about it, if you really look at it, it was $998 out of $999 multi-seag right. And it only cost $400 and 20 cents in fees. And that's extraordinarily cheap for so many transactions. It's funny now that the Ethereum is just wearing Lala land with Ethereum where people are used to like 20-buck transactions because people used to scream and shout about five-buck transactions on Bitcoin. And that's come down a lot. I mean, Ethereum's come down a lot as well since then. But that's generally because the networks are a little bit less active now with the bear market. Yeah, extraordinary. $4.90 or 60 or something for that many transactions is absolutely wonderful. But imagine if Ethereum could do nine, I don't know if it can, but if it can't do nine and nine multi-seag, that would cost an insane amount. It would cost, you know, an unfathomable amount, especially if there were times where I was interacting with crazy, like little random protocols for stablecoin staking and stuff like that. And it was like $1,000 if you wanted to do it. $1,000 a transaction, which is literally insane. $1,000,000. $1,000,000. So imagine that on a multi-seag as well, like a, you know, of that level. The cost would be, it would be crazy. So I think it's a testament to how, how actually cheap and efficient the Lightning Network is. Yeah. It's also interesting the way that Ethereum does their fees, you get used to paying them. So you just kind of push the button automatically. And if you have a large account with like, say, a couple thousand dollars in there and you get the wrong fee calculation, you could spend thousand dollars on fees or worse by just pushing the wrong button. So always be careful when you're sending a transaction to check how much the fee is before you complete the transaction. This is a great time for everybody to like the show. It's the beginning of the show. We're still probably hot like Mr. Beast. Everybody's liking and subscribing. I can see the action in the chat box. Josh is so excited. He dropped his connection. Well, let's move on to the exit question. Is this Lightning Network? Is it a worse bug or is it worse news? That is to say, is it technically bad? Does it hurt the network or is it just bad news? It hurts the profile of Lightning. Dan Eve. I think it's good news. It shows the resilience of Lightning. And as Josh said, just because L&D went down, there's other implementations of it. So there hasn't been any news on that, those issues with those implementations. So the fact that it was patched so quickly, the main news really is that like any bit of software that gets rolled out, you have bugs, you fix them, it's the long lasting effects that are the problems. And there doesn't seem to be a long lasting. Yeah, there's no, oh, this is an unfixable event. Or this will take a long time to kind of implement something else to kind of work around. It was patched quickly and it worked and it was cheap ultimately based on the significance of the size of the transaction. So I think this is nothing but good news. Joshua, should we go all this at a worse bug or is it worse news? No, I'd have to totally agree with that. So it's just a bad news day. It's actually, you know, nothing really made you happen and it's good. They only missed one block. Come on, no big deal. Moving on to issue two, issue two Bitcoin reverses lower after Thursday's big rally, but remains in the 19,000 dollar level. Cryptocurrencies continue to climb on Friday as investors saw to extend the previous days rally. Bitcoin was lower by 1% at 19,286 and either gained almost 1% ether, sorry, gained 1% to trade at around 1,299. Both assets are on pace for their fourth down week in the last five. Joshua, should all of what do you think about the price of Bitcoin and cryptocurrencies this week? I mean, I've just been so busy working on the standard that I haven't really kept up and sometimes it's up and down. It just seems like it's moving sideways in that sort of 20 to 19 range. And I don't know, like, what do you guys think? Have we hit, are we circling the bottom? I guess it's more about other economic influences at this point because I feel like this is the sort of natural bottom for Bitcoin and the crypto market as a whole, but I feel like external events like the Ukraine, Russia thing and stuff like that are really what's sort of influencing the price as well as inflation rates and things like this. Well, if it seems like we've done this story before, it's because we've done this story before just today when I was trying to get a headline for this story, I Google searched the article header to get the original headline and picked an article from a month ago that said almost the same thing. Bitcoin stuck at 20k, you know, nothing happening. Why is Bitcoin so boring? And I think like Josh, that's the same thing. People still see it as a risk asset. So when external forces like the Ukraine war, the gas heating prices, crisis, energy crisis, all of these things, inflation are affecting the normal markets, the normal market people put their money in Bitcoin. They see it as a risk. They pull right out. I went to the Web 3 conference this week in Las Vegas at the win and I got to hear many speeches by Mr. Wonderful from Shark Tank and it was almost like I time traveled through a delorean that they also had at the conference and Mr. Wonderful brings you information from 2014 or 15. He says what Bitcoin needs to go forward is regulation. That's right. Regulation again. And these are the greatest experts that the other spaces have to offer. No, my God. So what do you think Josh, regulation is that going to bring in the money? Yeah, you know, this is what annoys me about a lot of crypto events is all of us, especially the big ones like the Miami ones. They just bring out all these people that are all of a sudden experts in crypto. Now they're just talking heads from the old school world. They have nothing and then they don't invite like people that have been there forever and can actually give insights because they've evolved with the thing. So these new talking heads just bring up the same rubbish like you mentioned Thomas from I mean, it's not rubbish. It's good stuff, but it's the same stuff we've been saying since 2014, 13, 12. And so yeah, it's unfortunate, but I do feel that one of the big things that people really don't get and especially on the left is that there's this, there's this love of just regulation. They just think regulation is something that's going to just be perfect. There's not a problem. Just regulate it. Get the government ready. People say absolutely regulate the internet. Like what, the same entity that brought us light about weapons of destruction in Iraq, the same entity that brought us into constant wars and you know, like you can't just say regulation. It makes zero sense. It's stupid. It's a stupid comment. I think what's interesting is regulation wouldn't solve our current problem, right? Our current problem is all the day traders, the people who were you know, think it's a risk asset pulled their money out. So if we were regulated, we'd still be addicted to their money and we'd still be judged by their standards. If they still see this as a risk asset, then they're just pulling in and out with larger amounts of money, with larger institutions pulling in and out, yeah, changing their minds about proof of stake, proof of work, whether it's a store of value or whether it's a currency or all these things, the store of value versus transactional and speculatory. That's where we're going to need to change their mind. And that's a larger thing that I think the havinic cycle itself is just going to take care of it. I was thinking about what's the best advertisement? What's the best like little short paragraph I could give you about Bitcoin that would make you calm down about the price, especially if you're just a normal person at this big fancy convention. It's like, well, in about two years and about every four years in general, the amount of Bitcoin being produced will go down by 50%. And this is not a political promise. This is not a hopeful thinking. This is programmatically and it's hard to change. It'll go down by 50%. So there's only 21 million. It's locked in as a collectible and they're making less of them all the time. The thing is over that. The more you think about it, the more I think about it, I think it's a lot of money. The harvining is more about the hype around it and less around the actual harvining event itself. Because back when you went from 50 Bitcoin to 25 in 2012, the supply was about 10 million Bitcoin. And that was insanely significant as a daily amount of Bitcoin being mined as a percentage of the total supply. It was significant. Whereas by the time we do the harvining in 2024, it's going to be I think 19 plus million. And we're going from 6.25 to 3.125 or something like that. So it was the harvining is still an event where we can we can say by the law of by the law of matamatic that it will be half. I think the impact is less about the choking of supply because there's the there's a much larger supply out there. But it's going to be more around the actual hype cycle of it is more around the getting in the news again and rather than the actual impact of the choking of supply on the market. You could argue that I disagree. That by. Well, yeah, it's good to debate. And I think I think that there's if you go by the numbers, it's clear that there's less of an impact by the harvining. But I do think that it's going to rely more on our hype cycle than just the supply being choked off. I mean, you could say that one of the reasons against that is because of the fact that people there's more Bitcoin that's lost by then or that the huddle culture has grown by then. So, you know, if it's 20% of people huddling for five years plus now, then it can be 50% by then. And therefore, you're choking the supply more because of the circulating supply. But ultimately, but the actual numbers will say that for instance, the huddle culture, right, that that's a variable that's not mathematically sold. So, no. So, you know, especially with oil going up and inflation and people desperately needing pay stuff, you can have a huddle culture or you want, but if there's no food on the table, you're not huddling. Yeah. And especially because if you're really into huddling, you start to try to do it at a hundred percent. And try to get all your money into there so that you're getting the maximum benefit. And when trouble strikes from the outside that you can't predict like heating energy crisis, food problems, food prices, inflation, they're going to have to sell. I think Josh is right. I think there are a couple of people who will notice it. Notice the amount of Bitcoin going down. It won't be normal people like us. It'll be people at the Binance trading desk at the Coinbase trading desk where previously they were able to easily source tens or hundreds of Bitcoin and that that's going to go down with each one of these happenings and that these people are going to notice that the market's not quite what it used to be. And then this information, this idea might spread to others. They might start storing up and stocking more Bitcoin, making these people's job even harder. So, I think those are the people that we need to target and understand and realize is that it's just a supply issue. It's also that people don't understand the two things that we're talking about here that there are 21 million Bitcoins. It's programmed dramatically hard to change and that the halving structure reduces the number of Bitcoins being made by 50% on average every four years until the 21 million are made. Yeah, I mean, that's it. Like that, they don't know that. What I think Dan was alluding to, which I agree with him on is that a lot of the, that stuff is priced in, right? Whereas the hype isn't really priced in, but what we've seen in the past is actually, the Bitcoin price doesn't go up that much just before the halving. It usually after like about two, three months after the halving is when we start to go off into the next bull run. So, yeah, it's a bit of everything, I think. I'm going to go off beforehand this time. I think this time the media is there, the information is starting to get out there, they'll start writing the articles. I think this could be the happening that everyone always thought they'd see. Go ahead Dan. That's a good point. The fact that it is delayed, isn't it? Like, it's always been slightly delayed that the hype, the hype happens and the halving happens and there's almost a bit of an anti-clomax where the price does nothing like for a while. Then a couple of months after, as you said, it literally then, then it really pumps, right? But it's almost like it takes the all the hype on the way up to the halving is sowing the seed, right? It's like sowing the seed, sowing the seed. Then everyone's like, it dips a little bit and maybe that's kind of about the psychology of it. Once it dips a bit because there's an anti-clomax, then everyone says, oh, now I'm going to go in because the halvings over, it had a little mini pump up to the halvings, it's gone down again. Now it's a good buy price. So that's kind of, I think that kind of plays into it as well. The fact that it will dip out, it kind of dips afterwards and it doesn't go up immediately and that's because people are stocking up ready for it. It's not like the normal news cycle, which is by the room of sell the news. It's almost like it almost stagnates a bit and then boom. I still can't believe the position of these people with these trading desks. It's like the ants and the grasshopper, right? The ants are stocking up all these seeds. The grasshopper is sitting around, the ants keep stocking it up. They're like, the rain is coming, the rain is coming and then the halving comes and the Bitcoin dry up just like they said. And maybe it doesn't happen right away. Maybe it takes longer or whatever, but from a supply perspective, the ants are always right in Bitcoin. The grasshoppers are always wrong. The supply is always going down. Is that the right animals? I don't know. I was going to say is that an American isn't because I think it's an e-subs fair. This e-subs fair. This, okay, because I noticed the squirrel storing nuts, squirrel storing nuts for the winter. It's like, oh yeah, the squirrel's got the nuts for the winter. And so the story is that there's a good squirrel on a bad squirrel. The good squirrel stores all his nuts for the winter and then the bad squirrel's got nothing because he squanders it, hisses it up against the wall, banging those of squirrels. The squirrel prostitutes all sorts of stuff. Crazy things going on. Crazy things going on. And then he goes, he's like freezing cold. He's got no nuts. He's literally nut dry. And then the other squirrel saves him. And I'm like, don't teach that to kids in the school. Tell them the squirrel died. Say, oh, the squirrel, he died outside in the cold because he didn't save his nuts for the winter. He was too reckless. That's the true moral, I think. But maybe it's a bit too extreme for kids. Yeah, I mean, there's plenty of slightly three little pigs as well. It's all about preparing, being prepared. And actually the pigs get slaughtered if they don't prepare by the wolf. Yeah, which is the same analogy, of course, of proof of stake. And the little pig with the straw thing going, no, you may have a brick house, which has got loads more resources, requires more resources to actually secure yourself. But come to my straw house, come to my straw house of proof of stake. And only a Bitcoiner, only a Bitcoiner can come up with that analogy. There we go. Proof of stake is like the three little pigs. It does look like it comes from the ant and the grasshopper from Asobs Fables. The situation is about moral lessons and the virtues of hard work and planning for the future. That depends whether or not they do save the grasshopper at the end. People are talking about the debate over compassion and charity. And also people seeing the grasshopper as an artist and then reinterpreting the fable that way. So it is an interesting fable that continues to this day. But we must move on to the exit question, which is, of course, the price of Bitcoin competing against the predictor of all predictors, the Bitcoin eight ball. Dan Eve is the price going higher or lower this time next week. I'm going to slide my version back, but just to point out that the difficulty right now. So all the prices stagnating a bit, everyone's kind of going, oh, Bitcoin up, Bitcoin down, blah, blah, blah, blah. But the fact is that right now the hash rate is, according to Bit Info Charts, 268.997 to hash is, which is the highest ever. And the difficulty is 35.6 trillion, which means that there are more miners mining. Well, not necessarily more miners, but there is more hash power on the network than ever before. So even though the price has stagnated, what is what hasn't stagnated is one, as we also always say, the infrastructure and to the miners mining and securing the network, making it even more so the most secure network on earth with bricks and steel instead of straw stick. It's historically, everyone knows as Max Kaiser would say that the hash rate, hash rate follows that the price, the price follows the hash rate, but that doesn't answer the question, Dan, Eve, higher or lower. I'm going down, even though that's contradictory in everything. I'm just thinking still down a little bit first. Well, it must be somebody's birthday. It can't be everyone's unbirthday. Joshua should go higher or lower. I think this rate, Bitcoin will experience a little up to its value. Oh, it's a mixed panel. We have pessimism and optimism, but the ball knows all will shake the ball, which may cause bubbles. Will the price of Bitcoin be higher this time next week? Not likely. Not likely. The ball is pessimistic. Omnis. Great time for everybody to give us a thumbs up. If you haven't already, it helps the YouTube algorithm find the show. You can also put in a comment or chat. Let us know what you thought. Do you think the happening is going to save Bitcoin? Or do you think we need regulation, regulation and regulation? Check out worldcryptonetwork.com. We've got links to the podcasts, all the shows. On the left hand side here, you can see how many shows people have appeared in and we have an update from the competition. Toned Vays has appeared in approximately 152 shows. These are just the ones that have been tagged in. Dan Eve is catching up at 117, just 40 shows behind. Meanwhile, Joshua Shagalla has just passed 100 shows tagged in on the network could be more and has passed Jimmy Song at 94. These are just tagged episodes. You can check out all these episodes at worldcryptonetwork.com. Hundreds of episodes. Moving on to issue three, Coin Center is suing OFAC over its Tornado Cash sanction. Coin Center along with a group of privacy-seeking workers, donors, activists and public figures file the lawsuit against the Treasury Department, demanding that privacy be normalized, de-listing Tornado Cash privacy tools from sanctions and in joining the Treasury Department from enforcing against ordinary Americans exercising their self-evident and basic rights to privacy. Joshua Shagalla, what do you think about Coin Center's action and the Tornado Cash situation? Yeah, I think it's a really, really important suit. I think when I first heard about it, I read through it halfway through the week and got very, very happy about that because someone needs to take these guys to us. So basically, what happened one guy, he got a whole bunch of dust from the Tornado Cash stuff because some guy that had a whole bunch of transactions basically dusted heaps of big wallets. And now this guy has to spend a month, or something like that, getting himself out of issues with stuff because of that. So he's like, life's too short, this is bull dust, I'm going to have to take these guys to court. And I think it's wonderful. And then Coin Center joining on top for the OFAC lawsuit. I think it's great. More power to you. I'd love to, yeah, I really want to keep up with this story. I think it's great. Ten, Eve, your thoughts on Tornado Cash? It's crazy that they could just sanction a smart contract. It's, you know, I know that obviously in normal law, you could be under suspicion of a crime that you're not actually the criminal, but you still have your assets confiscated briefly. But usually at least that's done in a slightly targeted way, right? That there's ever usually some evidence behind it. There's a reason to speak to you specifically. Yada Yada. But this just, this, this, this Tarring a smart contract with the brush of like criminals and terrorists and stuff is just insanity. And it's also, you know, it's, it's just a shotgun approach. It's not even a shotgun approach. It's just like a nuclear approach, right? It's like not being targeted. It's like the opposite of what you do when you build a case for someone specifically. You have such an overreach. It's a lazy sick little overreach. They're like, ah, these people. And it goes to show that they don't even understand the crypto, like how, how many people depend on this invention that's happened and self evolved out of the people for so long. Like, these things, they don't understand that normal people have livelihoods tied up in this. And they just say, oh, this little weird thing that North Korea might have used once. And yeah, there you go. And I think the promise is a greater misunderstanding where they don't understand how internet culture works as well. They found this guy relatively easily. He was developing this relatively publicly. And what they've shown us is don't do that. The next time this comes out, it won't be a public developer. It won't be a public project. It won't be easy to find. And this is because they're teaching people this lesson now. And like Josh says, and he's angry about, they've gone full draconian. They're taking away all your privacy. They've started again with how much privacy should you have? Well, we're starting at zero instead of starting at 100. So they've gone from the wrong direction and they're trying to limit a new technology. And they're going to fail. And that's another thing they don't understand is by drawing this much attention to it, by teaching this many developers that you develop your projects in private next time. But he's like, don't let him find you. And that's going to be even harder to control next time. More upset. It just teaches people more upset. But the fact is that there's many, they gave a bunch of innocent reasons. The best example is the fact that when you get paid, right, it goes into your bank account. No one can see what your bank account is. No other employees. They can't see your funds or whatever. If you've put this, you'd probably this analogy to the real world. It's the equivalent of people, all your colleagues being able to see who's being paid what and where your money is going. And that's not what you, that's not how the world is built around it. So you need to have these protections in a smart contract land because the money is really traceable on Ethereum. Obviously, it's a bit, it's a bit different when you use different services mixes or whatever. And that's the reason why you have them because you don't want people knowing exactly how much you get paid because it makes you a target for all sorts of various things. Even if it's, they said about the donations to whatever cause it is. Even if it's just someone who's a competitor who wants to screw you over in some way, it could be, it could be anything. It could be someone who knows what the pay address is for employees of Coinbase or whatever, for example, and they want to go after these people. They want to find out what they're supposed to be. Especially when you, when you consider public addresses and people who maybe take donations, who have a public address out there, if you as a negative actor could just take a bunch of dirty dollars, put dirty dollars in each one of the public addresses that you disagree with politically. Now you've poisoned their accounts and they can no longer use this network. That doesn't make any sense. Everyone knows the old folk, the story and it's not a folk story, but it is real how, you know, every dollar bill in Washington, D.C. has cocaine on it, so on and so forth. This kind of thing, if we're just going to take, you know, digital money and assume that it's all dirty, well, unfortunately, I believe it's, it's all dirty. Not just some of it, but it's all dirty, even the money that Mr. Wonderful has that he got from his Bitcoin miners who used eco-friendly energy and mined it directly. Like, it's still touched the other nodes, it touched the other networks. Like, if we're going to start tainting money, the whole system seems tainted. Yeah, maybe we are. Yeah. Yeah. Yeah. So let's move on. Here we are. Issue three. Moving on to issue four. Two, Hottel or have kids. The IVF Bitcoin babies paid for with Bitcoin profits. And this is a fun story. A Bitcoiner in London brings new meaning to the phrase generational wealth. Nudal sold some Bitcoin to pay for IVF treatments for two babies. And the article goes into far too much depth on IVF treatment and what it is and so forth. But let's assume the man bought some babies. Also, I think it's an interesting chance to discuss if there's going to be a Bitcoin baby boom, if the price jumping up to 60K led to some happy babies that are going to be popping out here, probably in the last three months or so and that kind of range. And just in general, this idea of are people holding Bitcoin and not having families? And is this a good idea? Or should people be having families and spending money and living their lives? Dan, Eve, what do you think? Bitcoin babies. And also about the guy's decision, he sold Bitcoin to pay for these children. Is this going to be something you regret? You're like, damn you. 1 and you. 1, 2. I could have had so much more than you. I think what's incredible. Well, what's incredible is that we've come so far from from saying, oh, you know, Bitcoin can't be cashed out. You can't use it for anything. It's only used for nefarious purposes. Blah blah blah blah. And then now people are using it for IVF treatment. That's what's so awesome is that it can be it can be cashed out and it can be used for things that you need. Now whilst it's nice to hoddle and everyone wants to hoddle, ultimately you have things you need to pay for in reality. And until Bitcoin spreads enough that the IVF treatment place accepts Bitcoin or your local tax office accepts Bitcoin, which very few do in the world still, you still want to cash out like, you know, it's all good to kind of to point the figure and be like, oh, you sold your, you're sold your Bitcoin. But ultimately you need to live, right? Unfortunately, not everyone accepts Bitcoin. And even even the local loan sharks, they'll still come and break your legs because you haven't given them fear in intracible or, you know, quite, quite untracable fear, paper money. That's still break your legs because even if you've got this Bitcoin thing, so ultimately it's, you've got to sell out when you need to and people need, need money to live and fear money to live. And until Bitcoin really proliferates around and becomes completely ubiquitous, you know, used for every service, you're going to need to sell out in terms of regretting to pay for babies. I think no way you're going to have a baby like a baby is a kind of core and funny and cuddly and and although they shit all over the place and draw all over everything, they're really nice things to have. And and they're more physical than Bitcoin, right? You can be like, oh, I can't hold my bit, my point one Bitcoin, you know, I could recite the 12 words that doff Bitcoin is held in, for example, but I can't hold it and give it a cuddle and say it's a nice, cuddly little Bitcoin because it's not, it's a nice, cuddly little baby instead. So I think it's really cool. And it's really an example of people that are caching out and using it for something that really benefits them in their life. Obviously, there's still a movement that's like, babies are bad for the environment. Anyone who's a baby who is selfish and so but but screw those people because babies are kind of fun. Yeah, I think it's a really exciting and positive story for Bitcoin. And I know it's hard for all the hotlers whenever anyone caches out for anything, but I'm always excited when somebody buys a house or maybe if they have a sickness and they're able to take care of it or take time off to help a relative or family member, times like this where Bitcoin really does come true and it really helps people. It reminds me a lot of, although I didn't agree with them politically, during the Canadian trucker protests, they used tally coin and Bitcoin to an incredible degree to raise a lot of money to distribute a lot of funds and to help their movement, which again, wouldn't have been possible without Bitcoin. So I'm glad to see it helping babies, helping truckers, helping anybody to need to see them use Bitcoin. And it is unfortunate that they have to cash out. But maybe on this, they could wire up Coinbase and tell them the story, try to get a refund on the fees. Hey, hey, you know, I cash those out to get a baby. You should give me a refund on the fees for the good story. That's what you got to do. Joshua, should go all the way, do you think about the Bitcoin IVF baby boom? I'm actually just pissed off that I didn't get a story because I did the exact same thing for my brother, who's wife had a bit of an issue and I helped that procedure. Just got to get a better press agent, man. Yeah, I need a better press agent. What the hell? This is old news. Yeah. But yeah, it's good. More kids. It's great. They're the future. They're the way, peaceful parenting. We read about it. It's important. Well, and then I think the real smart move at this point is we were saying maybe they're like a point one or a point two is to put down the same amount of Bitcoin in a savings account for the kids as much as the kids cost. That'd be a fascinating thing to see how that turns out. I think we're running out of time. We're going to go to predictions or story of the week. Dan, Eve, are you ready with a prediction or a story of the week? My prediction is that Bitcoin will go down slightly. I'm doubling down and agreeing with the magic April that Bitcoin unfortunately will go down slightly because of the turmoil in the rest of the world. Dan's become one of those triangle people who believes that Bitcoin must see 10K before it can see 100K, which it never makes sense to it. It just flops. It just flops. That's the Bitcoin price has been doing lately. Josh, wish you had a good prediction or a story of the week. Go ahead. Yeah, I mean, actually, the predictions, the story of the week is that we are going to be able to see the week. We're launching the white list finally on the standard. We're getting really close. We're all our contracts. The smart contracts have been audited now by Zokia Labs. Pretty much the grandfather of all smart contracting auditors there can't get a bit of that. Yeah, it's getting really exciting, although the bear market is a bit of a bummer. But it is what it is. We've just been building the whole time. Eventually, we've got to launch. So the white list will have a whole bunch of prizes and bonuses and stuff like that for sharing and liking and doing little bounties, like joining the discord and stuff. So all sorts of airdrops and things like that. So go over to the standard.io Monday. If you're listening to this in the future, and join the fun. Well, we're looking forward to it. Josh and I can tell you that one of the other things that Mr. Wonderful was excited about at the conference besides, of course, regulation was stable coins. So I don't know that he's heard about the standard, but I think when he finds out the question-o-background of Tether and other things that we're keeping dollars in bank accounts and all these kind of not computer trust networks, these untrusted external systems that perhaps he'll investigate something like the standard that's based on smart contracts. It'll be interesting. I've actually also wanted to reach out to Peter Schifty because he's always harped on about how gold and this and that. Part of the standards appeal is that we're allowing tokenized gold to also be used as collateral in these smart contracts, especially in bear markets. It's interesting because what our contracts do is during the bear market, if your collateral is going down, like if your collateral is in Ethereum, it's going down and down, you can auto swap it to a tokenized gold so that at least it's a little bit untethered from that market. But what I would be interested in what Peter Schifty's take is on that approach of using Bitcoin or rare numbers and rare metals tokenized. I've met Peter a couple of times over my time and he seems extraordinarily arrogant and hard to talk to, but is what it is. Well, arrogance and you can't always forget, there's always a possibility of being hypocritical, being a hypocrite because I think Peter Schiff's name and his altcoin holdings were exposed in the Celsius court filings allegedly. Yes. So it's very interesting to see which one of the original Bitcoin maximists or Bitcoin haters were just happening to hold on to some altcoins, but that's all in the court filings. Anyone could go look at that. I just want to give a quick shout out to the Web3 conference, W3BX, that I attended this week in Las Vegas at the Win Convention Center, the Win Hotel. It was a fun conference. This is where I got to see Mr. Wonderful from Shark Tank who told me like from a time traveler from 2015, he was like regulation, regulation, regulation. And I was the only one laughing. It's kind of fun to go to this. This is a Web3 conference. So it wasn't a Bitcoin or crypto conference. So that means there were girls there and also companies and money and all kind of like snacks and cookies and free coffee. We all need to go into Web3. Crypto, Bitcoin, these labels, Ethereum, these things that we've gotten, they're killing us, right? This is not, this is the Web3 network. I mean, because all Web3 seems to be is Bitcoin, NFTs, Dows and crypto, but not saying crypto. So nobody said crypto, nobody said Bitcoin. It was like Bitcoin, bad blockchain, good. Then blockchain, crypto, good, then now it's Web3. That's it. We all need to change to become Web3 experts. It was a fun, great conference, really huge, huge spaces, tons more space for speakers and tons more space for attendees. So get out there, go to a meetup, go to a conference, meet some people. They even knew about our building thing. They were like, you've got to build during the down times. It's amazing to see like these little memes that like Andreas and the rest of the crew out there created to be adopted by these giant speakers. And it was also the conference was pretty well attended, but it was much too large for the number of attendees. So a lot of the speeches seemed really small. Really only Mr. Wonderful had a following and it was pretty sad because he would go from room to room, making speeches and the audience would get up and go with him. So sad not many people got a chance to speak or not a chance to be heard and seen. It's very strange they had James Altucher there, the guy with the curly hair from YouTube who I think was promoting allegedly promoting some scams a few years ago. But I guess he's fine and he's back now. So it's very strange to see who these people respect. And like Josh said, it's very strange obviously in the audience, no one recognizes me anymore, which is fine and that's great. But what was interesting as Josh said is we really do have institutional knowledge going back to 2013 when these people mocked and laughed at us. And now these same people have overnight changed their minds. And now are trusted on this thing that just a few years ago when we were, you know, being very public and very out there that we liked Bitcoin, we thought it was important. These people who mocked and laughed at us are now still ruling everything despite being completely wrong. Completely run it. Are they going to be wrong in the future? Like why would you get their advice? Just because they have status and standing with CNBC is our own shark tank. It was just very interesting to see who's advice was valued and who's was not. And I don't know who long how long will this last this imbalance? If you're taking it, if you're taking advice from somebody who says Bitcoin is a failed experiment, you need to sack yourself and them because it's obviously not a failed experiment. Like it's one of those things that people will argue black is black is white or white is black or blue is green. And it's just like, but it's it's like the evidence is there. It's blue. It's or it's green. It's not blue, which is way round it is. But the fact is that it's definitely not a failed experiment. That's for sure. I was also reminded kind of like a good, good, well hunting factor here where these people are paying $900 a seat and it was a beautiful four day conference. There's a lot of speakers. It's probably a good deal for 900 bucks, but a lot of money for something that they could probably get on YouTube for free. They could probably get this education, $5 in late fees at the library, whereas they're coming to this conference, no offense to these people, but not even knowing what an NFT is, which is great. But you could just do the research first. Then you could go to the conference. Then you could ask the people in the industry, like, what is an NFT going to be tomorrow? Or what is a valuable NFT or which NFT category should I get into it? Just seems like that goodwill content. No, regular hunting quote. Just regular. Just regulation. I just want to put a big shout out to Propagol. They're here every week. Props there. Really, thanks a lot for your support. Really, really cool. And also, CryptoClinz, thanks a lot for being here. We wouldn't do the show without at least two of you. And so it's awesome. And remember to hit the like, subscribe, smash the like. Actually, tell your friends, tweet about it. Don't just people here share, but they are. You could put it on Reddit too. We haven't been on Reddit in a long time. I think the Reddit Bitcoin group is much bigger than it used to be. There's ways to promote this. But this is kind of a laid back discussion group with long format topics. This is a really hot content. We're not predicting the price. We don't have the triangles. But we're working on it. Hopefully as well. We like to add unnecessary detail. This is like, if this, if this was a podcast, a superhero podcast about Bitcoin, it would be superfluous as in superfluous, which is like the normal stuff, but a bit extra that may not be necessary. So that's it. That's the tagline. Well, everyone wants to be an influencer, but maybe not a superfluous one. But I think we're running out of time. Thanks, everybody, for thumbs up and subscribing. Dan and Josh are being on the show. And Martin and Ben and everybody else who's always on the show. Thanks for joining us. Until next time, bye. Bye. Bye. Bye.