#330 โ€” The Bitcoin Group #330 - Tech Stock Rout - Safe Haven - Elon Twitter - Lightning!

๐Ÿ“… 2022-10-28๐Ÿ“ 12,819 words

The Bitcoin Group, the American original. For over the last ten seconds, the sharpest satoshi's, the best bitcoins, the hardest crypto currency talk. We'd like to welcome our panelists, Dan Eave, the crypto raptor. Hello everyone. No sound. Ben Arck from LN bits. Hello. Josh Egala from the standard dot IO. As a gallon gents and ladies, Martin Wismair from general bites. And I'm Thomas Hunt from the World Crypto Network, moving on to issue one, issue one. Bitcoin weak hands mostly gone as Bitcoin ignores Amazon and meta stock dip huge tech stop glosses mostly occurring after the wall street clothes fail to show up in Bitcoin price weakness. Dan Eave is your microphone working. What do you think about Bitcoin decoupling from tech stocks? Well, Thomas, oh, is that working? Well, I can see the thing moving up and down. No, there it is. Oh, there we go. Oh, geez. Okay, technical, technical issues. Oh, it's good, right? It's as tech stocks are taking a dive. It's more of a sign that we're kind of decoupling from everything else. Yeah, Amazon's had a 20% drop, a meta has gone down. I think Amazon actually was the biggest, biggest single like stock loss in history or something. It was in the 200 billion or from there from their drop recently. But just again, it shows how Bitcoin is transitioning into a safe haven, an asset and it's tracking it's tracking gold more than it is tech stocks more than it is you know, other other sort of asset classes. So it's assigned that it's finally being it's placing in the financial markets is finally being realized that it's not just sort of some play tool for messing around with for, you know, some some fair, I mean, for a start, you know, it's becoming its resilience is showing the fact that it's not this play tool for kind of, you know, for just money laundering and crime and stuff like that. It's actually being used. And especially as we've seen so many use cases around, you know, getting money into, you know, into things like Ukraine, for example. So so the ability to donate across the world without having to have a PayPal account, a PayPal who have again, it seems like reinstate it there to an a half thousand dollar fine for for misinformation or whatever the PayPal Gestapo decides on is misinformation. So the fact that Bitcoin is is keeping its ground and especially around above the 20k level, it's a good sign, I think, in these troubled times. And our it says that Amazon stock went down 20%. That could only happen in a radical asset like Bitcoin, right? Not Amazon stock. Yeah, I mean, I think it's related to cost of labor and then also shipping costs as well, because obviously they've been affected by energy, energy markets. And then this contagion when you have a big player like Amazon, which gets affected by which is value decreases then it also affects other companies within the tech sector as well. That they are, there is some, you know, coupling which happens between all these companies, of course. But I think with regard to Bitcoin, it's just the environment and market we're in. So when we're in a kind of bare market and there's a general economic downturn in markets and everything's getting a bit flattened boring. So there's less speculation and if we're in a bull market, there'd be more speculation and more more people in Bitcoin just to try and make a quick buck, whereas now the source of people are in Bitcoin and the gold bugs and the people who see Bitcoin as a safe haven asset. So I wouldn't say that we can say it's decoupled and now it's plain sailing where a hedge against crisis and it's a safe haven asset. I think as soon as markets pick back up again, as soon as the speculators come back here and as soon as the Bitcoin price goes back up, then the people who are buying and selling Bitcoin would predominantly be people who are trying to go quick buck. So I think it's just market dependent and the time in which we're in and would currently in a bare market. So it makes sense that people treat it like, you know, the source of people would be interested in it, interested in it for more than just making a quick buck for as a hedge or a safe haven asset. Josh Shigalo, the tech stocks went down, but the Bitcoin is still going sideways. How is that possible? You're muted. Bitcoin slightly up, right? And so there's other classes though, like the housing market starting to crumble. We're seeing 10% less sales than it was, something like that. And so people aren't spending. This is what happens when you destroy an economy over two years because because you know, of wanting whatever I went get into conspiracies. But this is what happens when you systematically destroy a global economy and prop up one sector called the pharmaceutical sector and now the war machine over in Ukraine. Basically, you're getting what you get. You prop up these couple of sectors and you destroy the rest of them, you're going to suck. Not only that, everyone is racing in the tech sector, is racing towards removing the human out of most places. AI is accelerating at such a pace that hasn't truly disrupted much now, but I'm already starting to use text to image generation a lot more than getting someone on five of it to do something. Happened to me the other day and I thought, oh, I just did that. So as less and less people maybe they find other jobs, I'm not sure. But we're as a humanity, heading towards something that we don't quite understand yet, how to solve. And there's not enough philosophy being bantered about and this should be. Well, I agree Josh. It's been difficult for the world to recover from the two or three years of pandemic. I remember after the black plague, everyone was like, it's over. And then they never felt the effects of the black plague again. But actually, these kind of things drift on and on. And it takes a long time to get them out of the economic system. Thomas remembers the black plague. That's how old this host is. That's how long this show has been going for. It's been that long. It was a tough time. The water handles, they use the same water handles to get the water. You have to reorganize the city. But Martรญn, what do you think? It says, the Bitcoin weak hands are mostly gone. Or maybe just they didn't sell, even though their text talks went down. What happened? I think the text talks, in this case, Amazon, Facebook, Google. They went down because there's just no growth in in the cloud business anymore. Their company, they depend on advertising income. The Google and Facebook, but Amazon is primarily cloud, cloud to the holster. And people host less in the clouds. They're watching the pennies. So they're not spending as much. And essentially, I think this whole cloud, cloud business plateaued right now. There's no real business, not more business in being a cloud host. Whether it's Amazon's cloud or Google's or Microsoft Azure, they're all not doing very well. We see reduced ads spending. So this also hurts the text talks. Facebook is a mess because they're no longer Facebook. They don't even know what they really are. And their meta first is not playing out of this plant. So yeah, Bitcoin, it's up a little, but I mean, I'm not even looking at those, those bumps, you know, wake me up when there's a new all time high. And until then, it will probably go sideways a little. I think it's good to decouple, even though I think we're not there yet. You know, we've seen the Bitcoin tend to view Bitcoin as a risk of assets. And yes, it will protect you. And there is limited supply, but most investors right now, especially the weak and retail investors, they see it as a risk on assets. And they don't, they don't yet know that by keeping the Bitcoin over time, this will be the best decision they've probably ever made. It has been interesting to see Facebook lose their identity after successfully acquiring Instagram, WhatsApp, so many other things and just letting them be not merging them fully into Facebook. They seem to have lost it with this metaverse idea, renaming the company, spending billions of dollars. It doesn't make any sense. Now Amazon, Amazon going down, they say, that's a demand issue. There's going to be less demand for goods, so on and so forth, but still, what a company, what a company on sale, moving on to the exit question, predict against the amazing Bitcoin predictor ball, the largest Bitcoin predictor ball in the industry, the most correct, the baldest Bitcoin ball. Dan Eve is the price of Bitcoin going to be higher or lower this time next week. So building on my incredible losing streak of predictions, I'm going to say higher next week. Dan arc higher or lower? Lower, can have a crash, it's going to suck. Sorry. Josh Egaala, counter this pessimism, higher or lower? After a lot of deep thought and looking into the glass and stirring the pot, I actually do feel that it's going to go higher. I'm with Dan on this one. Martin Wishmer higher or lower? It's two to one higher right now. I think it will be a little bit higher, but not yet a big, big, bull run start for the next whole thing. I think that will have to wait a few more months, but a little bit higher, yes. All right, some positivity out there and let's shake the ball, see what happens. I've too many computers plugged in today to use the camera. I was right last week, by the way, everybody, just just I don't know the comments. And yes, I was wrong. It would be higher this time next week. Cannot predict now. Cannot. How you can't always get what you want. But it's the predictor of predictors. Yeah, it's a test. The prognosticator of prognosticators. Only sometimes. Not to. It's the it's the triangle of triangulators. Moving on to issue two. Gold versus Bitcoin correlation signals Bitcoin becoming a safe haven. According to Bank of America, yes, wild and crazy Bitcoin activists, Bank of America have declared that Bitcoin, an alternative currency from the internet, mainly used at drug websites like Silk Road and by dirty money launders, could be a safe haven against inflation and other economic disasters. Ben, Ark, what has overtaken these radical Bank of America people? Are they going to be flying pirate flags next? Guys, it's just we was becoming mainstream, isn't it? The Bitcoin, the Trojans got through the door and were there and now they see it as the safe haven. It is a safe haven against inflation. The amount of Bitcoin we shall ever exist is it's going to calculate it's the protocol. So it's got immense predictability in a fairly unpredictable world as we saw during the COVID pandemic when the world became unpredictable, Bitcoin found a place in people's hearts who being something which could be predictable and something you could kind of at least ensure the amount of Bitcoin they're going to be, which is, you know. But yeah, I said in the last segment that it's currently because we're in this bear market, then of course, Goldberg types, they're going to be seeing a lot of valuing Bitcoin. Even more so if it starts to actively look like it's decoupling from traditional markets. But as soon as the price goes up, it'll just probably track along with traditional markets and the Nasdaq and the Fuxi and one of those. Josh Shagala, what about these incredible radicals at Bank of America? I've heard they've coined a new phrase. They say that Bitcoin is digital gold. They invented that Bank of America. They invented that. Well, you know, what's quite interesting is that some, I didn't know that tulip bubbles could become safe havens at the same time. That's amazing because Bank of America, JP Morgan, all of these were calling it a tulip bubble. Now, these are so-called financial experts. When I was on YouTube in 2011, explaining why Bitcoin is not a tulip bubble, what were these people saying? Just don't listen to the shows like this. You'll get the experts here. These people are fools and they go along with the train. They'll tell you to sell at the bottom. They'll tell you to buy at the top. Like most non-sense tellers. So, listen to shows like this. We'll tell you what time it is. We won't tell you financial advice, but we will tell you what time it is. So, yeah, it's kind of interesting that we're starting to see these mainstream voices really come out to what we've been saying for a very, very long time. That is that Bitcoin is ultimately some of the rarest things in the world. But you yourself are ultimately rare because there's only one of you. There's only 21 million Bitcoin. A lot of those have been lost forever. You can never find them again. So, it's ultimately rare. It's ultimately a safe haven. I don't believe it is a safe haven yet. I think it's going to still take a long time. Depends how long you've got. I think gold is a safe haven because it's been around for 5,000 years. There's millions and millions of people that buy this stuff. Not only culturally, religiously, but also because it's beautiful. But also as an investment and for electronics and all sorts of stuff. Gold has its spot. Bitcoin is getting there. It'll get there when it's around about half a million dollars. That's when it'll start to plateau across to being this thing where it won't shift ridiculous amounts. But right now, Bitcoin still shifts. Can still shift 20% in a day like Amazon. But anything that shifts 20% in a day willy-nilly to me isn't yet a safe haven. But it's definitely it's designed to be a safe haven long term. Martin, Wes Merri, what's up with these Bank of America radical suddenly embracing this tulip currency? Maybe they know something we don't know about the stability of their banks. It's not that they're like, you know, I don't accuse them, but it's your money saving the bank. Or is your money maybe safer stored in a hardware wallet somewhere? So I think the hardware wallet is definitely a safer option here. So yeah, as Josh said, I don't believe it is a risk or a safe haven yet. That time will tell, this is Bitcoin's first test. So if we will have a recession, how will it work for Bitcoin? We don't know yet, but time will tell. But my bet is on Bitcoin. Dan, if you can trust Bank of America even though they were originally founded in San Francisco, as Bank of Italy. Well, the key difference now between all their opinions is a really, really simple one. They have Bitcoin now. That's the difference. Before they've been like, and now they like they have Bitcoin. They're like, this thing ain't so bad. It's really, it's really so it's not so bad. So why not start shilling it now? I think with Martin, this is going to be a real obviously we've had many kind of tests along the way in terms of the general software, ups and downs in terms of countries, regulation, but it was born out of a recession. So how will it fare? But obviously two years into the recession right? Because it kicked off what the 2017 2008. So and obviously Bitcoin was January 30, 2009. So how will it fare during this current recession? And the way it's obviously quite resilient, but there's not just a recession now and slash looming depending on who says what the definition of a recession is nowadays. But the fact is that there's a lot of craziness happening in the world, right? You know, we seem seemingly on the brink of wild war and that's something that will will always kind of play into, you know, it will make a safe haven and unsafe because, you know, like even if you have gold, for example, you know, that's still going to be, you still got a cart gold around and stuff like, you know, in a war zone if ever comes to that. So nothing's a safe haven when you've got something as big as, you know, wild war is sort of leaving. So that's why all the markets seem chaotic. But at least Bitcoin has been actually kind of quite going, moving quite side-based. But what what there are reports of is is a lot more Bitcoin outflows from exchanges. And that's a big indicator of people pulling their money from exchanges and holding their own keys and not wanting to have their Bitcoin as liquid as it currently is now. So that's, I think these are positive signs. And then obviously you've got the standard kind of the network stat, which is that it's about the 257X that hashes, which is still with in 10% of all time high, Bitcoin, DeepMining, difficulty is at its highest. I think it's like 36 or 38 trillion or something like that. And so it's extremely, it's really well, whichever one it is, it's very high. And therefore, you know, the building and all the infrastructure is carries on. So despite all the crap that's happening in the rest of the world, you've got services like Ellen Bitts that are smashing it right now. You've got obviously, you know, Bitcoin core coders, core, as if I need to make it distinction. But Bitcoin coders, like they're keeping the flow, they're sort of building more infrastructure that's going to be used when the bull market does come. So you're only going to have more services, more places to use your Bitcoin and more of a you know, a showcase of Bitcoin's abilities to transact internationally. That's all happening in, yeah, that's what's cool about it. So who cares about God anyway? Exit question, but from Voltaro, God is still very good. God is still very good. He's an exit question. Have you pushed the like button? Push the like button down below now to help support the show and push subscribe. Moving on to issue three Lightning Network on cash app. Cash app, one of the most popular ways to buy Bitcoin in the United States now accepts the Lightning network. This is exciting news to see a large mainstream company like cash app founded by Jack Dorsey co founder of Twitter, beat coin base to the punch. Where is coin base? Where is crack and where are the other exchanges? Where are the easy to use Lightning apps? It turns out cash app is the winner. Joshua Shagall, what do you think about cash app accepting the Lightning Network? Yeah, awesome. Actually, crack and does have lightning and for some time already. And also, BitPay even has lightning. So, you know, BitPay for a lot of the people, they were such ahead of their time back in the day and then they really pissed everyone off by like changing a standard that didn't need to be changed, which they after a few years reversed and now they've gone full in and working well and doing their thing. So, congratulations to everyone accepting Bitcoin. Through Lightning Network, I think it'll really make some of these misnomers or fud start sound ridiculous like the fees are too big or it's too slow because it through Lightning it isn't. Martin Wishmeier, I've heard environmentalists say that one Bitcoin transaction destroys 100,000 trees. Now that we have the Lightning Network, do you think they'll still say that? Yeah, I try to explain the Lightning Network to them as a layer on top Bitcoin, but they are so convinced that they're right. It's usually very difficult to convince somebody that they were wrong because it means that they have to rethink what their opinion is and usually people don't do that. But I use Lightning Network several times a day. I play games on my phone. I get a few sets. Sometimes it's just five setoshies, but I get them without fees and they arrive in my wallet in no time. And my breeze wallet is connected to my own umbrella note. So instead of like using the Lightning Network, you become the Lightning Network and it's nice. It's educational, it's super cheap and yes, it's not really super fast. It's fast. It's like a few seconds, but still it's not super fast. It could be improved there, I think. But yeah, I like it. It works. And now that the larger cash app is adding it, I think it's fantastic even though everybody's raving about cash app, but this app is not available in your country. Whatever the country is, unless it's like the US, then yeah, you can use it. But I think it's good. I think it's also very good for exchanges to start implementing this. At the beginning, they were a bit slow. And I think that because there were risks involved, this is like it took like a few months before we enabled it on our Bitcoin ATMs as well because we wanted to know what the risks are in actually operating or accepting Lightning and then giving them end user cash. But now that everything works, I think it's fantastic. Yes, Lightning. By the way, for Xvotorr, the exchange I started with my brother back in 2015 still going strong vault, or I was the first exchange in the world to accept Lightning at work. reckless as hell. That was a shameless show. Yeah, I was just going to shamelessly show that right now. I was very proud of that because it was very, very difficult to do on that stage. Like there was none of the software existed that exists now. We didn't have a lot of stuff like Alan Beats and my team really pulled it together and we did it first. So I was just very excited. You've wasn't the companies like Voltoro, like trialblazing and actually using an experiment with the technology then obviously I said where it all starts from, isn't it? There's first 100 nodes. You were in the first 100 node weren't you? But the first 100 nodes to be running. Yeah, and we're the biggest node for a while there. But such a pain in the astamunager node, I mean, still a pain in the astamunager node. And I guess that's been the reservation of a lot of these exchanges. It's a whole new, you have to really hire like a few devops people to run nodes. If you're particularly if you're managing millions of dollars worth of funds in a hot wallet, then it's still hard to run a manager node effectively and to actually have those fast transactions and not have transactions failed. That is getting easier. I always say to people like with big balance channels. Yeah, balancing channels and all that stuff. I mean, the work which the autopilot features like CL boss and on C lighting is actually spectacular, a bit of programming. And that's making things a lot easier. You can just truck funds on chain funds and it'll go blue and make channels for you. And we have that in the Alan Beats demo show at the moment. And it means that we very rarely have to go in and balance channels. But still it's still a big fat pain for people. But this is because this stuff is hard and it's like hard. It's hard. We're building the software live. We're building these solutions live. And there's things for Creases which need to get ironed out. The version of Bitcoin lighting we have now in six months time, it's going to be like a gazillion times better. This is the worst version of Bitcoin we've got right now today. And it's a more and a little bit better. The next day will be a little bit better. And everything gets a little bit easier. And there's some great solutions like the hosted channel solutions for giving you sort of band aid channel balancing. So your little liquidity isn't just a suffer from inbound or outbound liquidity if you need liquidity quickly. So there's a whole bunch of things which can make no running nodes easier. And then ultimately we'll have things like channel factories. There won't be an on chain cost to setting up channels, which will make a huge difference because it means that you can have more channels and smaller channels. And then we get towards that lightning network which we first heard about when Andreas would do his talks and talk about this new thing lightning network and the lightning pay pushy dread, where all these little IoT devices could have their own node running, could have their own channels and they could be spending the liquidity. That's when we get to that future. But currently we're still relying upon a little bit of tech savvy in order to be honest with them effectively. And yeah, they're a huge pain in the ass. But I can totally see why a lot of these companies have been reluctant to adopt it. And thank God for the trailblazers like Evoltoro and a little bit later on now we've got Kraken joining the fray. And I'm speaking to a couple of the Kraken guys a couple of weeks ago and they're going to be hopefully adding some API endpoints as well so we can generate invoices to Kraken via the API. So that'd be super cool for software which can then talk to Kraken over its API. So yeah, it's great. People are making use of the technology and it's starting to finally sort of get traction. Cash app is also not available in New York thanks to the bit license. Oh yeah, the cash app thing. So with cash app, this is the I think this is one of the big complaints. So it's still like QR code and it's just like it's like Bitcoin vomit. So it's such a complex QR code and we have all these great solutions like the LNRL stuff like lightning address, use lightning address like make use of it make use of this technology which the Frayno resource community have built out and that QR code could be a gazillion times smaller. In fact, you know, it could be a lightning address so you could just give it out to somebody, it could be you know, Ben at cashapp.com. You know, Benark at cashapp.com. There we are. That's hard, isn't it? Sammy Bitcoin. You know, so I think some of these big companies like cash app strike as well, they need to look to the actual Bitcoin development community and then they just adopt some of the great Frayno resource solutions and protocols people have built like LNRL when they're like the lightning address stuff. So that's kind of a bit disheartening that they haven't done that but I guess it's I don't know, they want to do it their own way. But whatever. It is one of the scariest QR codes I've ever seen and they just seem to get more and more scary. I think it makes people more serious like they're dealing with money. It's like I'm using a QR code with a logo and a graphic and a thousand more little bits. Inclusive, like the cheap Android phones will struggle to scan like your QR code. So you're excluding, you know, 20% well, it phones on the planet and like 95% of phones of people who haven't got much funds to buy an expensive, fancy, fancy phone. So. But the marketing guy says it looks great. Dan, what do you think about cashapp accepting lightning? Well, it's fantastic and it's great to see another big, sir, well, huge service that's that's integrating lightning. I suppose, you know, everyone's been a bit well, the larger company's been slightly slower to do so because, you know, there's still kind of that warning slapped every now and then, which is like lightning that works experimental. So, you know, there's a bit more risk involved if they're going to a huge app that's going to be managing huge amounts of Bitcoin. But, you know, it's but sure enough now, right? It's definitely it's definitely a proven, a proven way of transacting. And obviously it's extraordinarily cheap compared to well, compared to any other chain like, you know, for not just Bitcoin and main chain, but all those excuses about, oh, you know, XRP can process because a cajillion gigawatts are second and all that and, you know, the lightning just just craps on it really with a substitution level transaction. So it's great to see, yeah, big app following suit. I didn't actually think about that the complexity of that QR code, not being, it's a good point about it not being scanable by sort of old school phones. But you'd think like, I don't know, surely, surely, even a, even a basic phone would be able to handle it. But hopefully they've thought about that and they're not cornering people out of the market with, with crap phones. So, but ultimately, yes, just great to see another, another application that's worldwide, obviously apart from my country and several others in New York and blah, blah, blah. But it's good to see that it's another service that's just rolling out lightning to a huge sway of customers and giving them access to Bitcoin. That's that's always fantastic, isn't it? To be able to, we've always asked for these huge existing services to roll out Bitcoin or lightning transactions. And now, yeah, we're just seeing floods of them doing so. So it's great news for Bitcoin and lightning. And it does seem to take a while. As everyone said, they have to test the software. They have to be sure of it. They even have to hire specialized engineers to handle this weird Bitcoin stuff. But the companies do seem to come around moving on to the exit question. Martian already pretty much answered. But what do you do with lightning? Do you have anything fun that you've done with lightning recently? I know, Martian, you said you use it all over the place. Go ahead. Games, beers, more games, more beers. We pay for the Bitcoin meet-up. So we pay the entrance. But we also buy chicken wings, loaded fries, everything. Look at everything with lightning. So there's no excuse not to install a while, I think, well, let's just get stacking those sets. And Honduras Thompson, hookers and blow-to. I guess. Yeah, I wanted to keep it polite. So yeah, that's... You can get hot dogs and nachos with lightning. It's amazing. Josh, Shagala, what have you used with lightning lately? Oh, yeah, man. I actually bought what did I buy? I bought the book, the latest one from Andreas Antonopoulos for lightning. Mastering Bitcoin too. I don't know. One of the most interesting things about that. I think it is called Mastering Lightning. I bought Mastering Lightning. That's a really tricky title, I could see. I bought it off a needle-pushed for with lightning. So that was really cool. And yeah, games, graffiti on some virtual walls with lightning, that was cool. Yeah, just paying people. Like paying people back at conferences if they buy me a beer, I quickly sling them some lightning sets. And yeah, awesome. And it will grow down below. You can also get that at the conferences. Dan, what have you used lightning for lately? I haven't actually used it. The last time looking at this, the last time I used it was shamefully two months ago. But it was using some sort of LMBITS function, I think, Bairn was testing. It was the kind of dice, the LMBITS type dice game you made. So at least it was for a good cause. But yeah, I haven't made many transactions recently. It's a bear market. So I'm just trying to hold on because I've made the mistake since 2013 of selling during a bear market and using it. And being like, well, I might as well use Bitcoin and contribute. But no, now I am huddling. It's sad because I seem to not do it anymore, but used to give people dollars all the time in Bitcoin. You're like, set up a wallet. I'll send you a dollar. And that's kind of disastrous in the long run because you're giving away a dollar or five dollars or ten dollars to prove it. What I think is great about the lightning network and something that's easy to use like wallet of Satoshi, you can get them to set it up. And then you could send them like a Satoshi or a couple of Satoshi's like not that much money. That's cheap. Thomas. That's cheap. I'm trying to help the future people out there. The future people are like, I want to help people get Bitcoin, but I don't want to give away dollars like that dumb mad Bitcoin's got. I want to give away micro pennies. Is there a sat is that like a sat's rate? I'm sure you'll be called if there was a sat's rate. You know, like if roots are created instead of a dose rate, he created a sat's rate app. That would be cool. I like that. That would be cool. Yeah. Yeah. But the people were gaming the dogecoin app at the time. I knew somebody had 40 cheap Chinese mobile phones running all at the same time to get to game this dogecoin app. So I'm not sure if it would really like really benefit everyone. That was probably just people just thinking, oh, another cool line feature. I totally forgot is sat's back.com. You buy stuff online and then you get sat's back. And the way it works is that the advertising income that sat's back.com gets via the referral link or affiliate link. They split it with you. So every day when I get some some deliveries, you know, food and snacks and stuff, I get sat's back. The more I eat, the more sat's back. Look is really big belly now. So I got a lot of sat's back there. Inspirational. Inspirational weight loss journey there, Martin. And now we'll go to Ben Arc last but not least. What have you been doing with Lightning lately with LN bits? I bought two cappuccinos, two cinnamon rolls this morning from my local coffee shop, which I'm boarded to accept Bitcoin over Lightning. And that's the way. If you want to have somewhere to spend your sat's just on board your local coffee shop, often these local coffee shops which are run by, you know, some local business dude. They're quite keen on accumulating some Bitcoin and it's a nice way for them to accumulate some Bitcoin. So do it. Go in. Save your thought back except in Bitcoin. Talk them through it. Set them up with a wallet, boom. And then you can buy your coffees. And it was great. It was a great experience, you know, buying my coffee this morning. It was seamless. The interesting thing which I did this week in fact was I was speaking to, I can't only name them but there's like, so there's a, because obviously the eCache stuff is quite big and Bitcoin at the moment and there's a couple of kind of a, there's a couple of solutions like eCache solutions and eCache projects which are fairly well established and they've been focusing on the CBDC stuff and banks and things to do eCache. And I spoke to one of them and they've got a lot of publications, a lot of papers, they've got a lot of applications and a full stack of software. And I was speaking to them about using Bitcoin as the underlying asset for amends for any cashmints and when I was speaking to them they all the book bairs were saying about, so I was basically saying can we make a connector so we could just use some could use alabets or something for it. And they were saying, oh, I know Bitcoin, you know, you've got to wait for so many blocks and then you've got to make the folks the confirmation and we really need it to be like a real, the real-time settlement thing in order for us to be able to like mint these tokens so people don't spend the tokens blah blah blah. And it was really nice just to be said, just to say like, look, all that is now redundant because we can just use lightning network and it's real-time settlement. That's not a few seconds. Just stopped it, implement it, make this, make this wide gateway so you can use lightning network instead and they were super excited about it and they went away from that meeting and they were like, yeah, cool, like now it's time. So that's a great thing for lightning network is just to be able to say to people we now have a real-time settlement layer which is very powerful. Especially during a bear market when the price is down, it's great like Ben says to go to your local coffee shop or bar and get them to accept Bitcoin because if the price goes back up as it did previously, you might be their favorite customer. I know the El Rio in San Francisco, we used to go there for the Bitcoin meetups and we'd give them a couple hundred dollars in Bitcoin to pay for the massive bar tab and they accidentally kept it. So every time I went in there, they always had my drink ready. They were always happy to see me because we were the group that gave them the Bitcoin and they might even still have it to this day. I don't know, maybe eventually they'll be able to buy the bar or something. It's one of those things. You can get the, get the sats to them early. Maybe it works out nice. Josh, did you have more on this lightning issue? No, just awesome. Use it. Excellent. Check out lightning. Moving on to issue four, the most dramatic and exciting issue. First of all, Binance spokesperson confirms a $500 million investment in Elon Musk's new Twitter. That's right. Elon Musk has taken over Twitter and as theverge.com wisely says by Nile Patel, welcome to hell, Elon. You break it. You buy it. Dan, let's go to Josh Shagalla first. What do you think about Elon Musk finally taking over Twitter? He came into the offices with a big sink. He fired four of the chief executives, including the CEO himself and the woman who ran the content moderation policy that made the decision to ban the twice impeached President Trump from the platform. What do you think, Josh? Elon is here. Yeah. Bring it on. It's so good. I can't wait. I'm really looking forward to seeing what they do. I mean, Elon, he really develops very quickly. A lot of his stuff that he makes, those companies make iterate very, very quickly and Twitter has been something that's been stale for so long. Even their Twitter spaces is so bad. It's so buggy and awful. It really needs someone to go in there and make it work. But what I would really like to see is obviously, apart from an edit button, is opening up the algorithm. I want to see it. I want to see him incorporate lightning network. I want to see him actually allowing people to run nodes like Noster and maybe take on Noster. So that because the thing about censorship is it's really important. You can't just have a nose censorship because otherwise you'll see the most awful things that human beings are capable of and I don't want my kid to see that and I don't want to see something of that stuff. I just don't want to see it. I don't want to be going through my feed and all of a sudden someone's head's being cut open or whatever. Whatever. So you do need censorship. But there's other ways of dealing with it rather than just silencing opinion, especially political opinion. I think it's absolutely egregious and as pickable to use that. Of course, it is a private company. I do believe that they have the rights to do whatever they want and people should just leave if they didn't like it. So that is the ultimate arbitrator of censorship is that if someone's if a group or technology is censoring too much, then you shift and we're seeing this with YouTube and people just heading over to rumble instead. And the moves starting to happen fully now, you know, the problem with that is you get these silos. So on rumble, it's just all right-wing stuff. On YouTube, all left-wing stuff, then there's no actual conversation happening anymore. And it's really important that conversations happen between two groups. Otherwise, you start to get echo chambers that only stir themselves into an extreme. And so yeah, I think it's really important that Twitter look at the way that more parties can discuss topics in a good way. There's different ways. And Twitter is so big they can run experiments to see how conversations run without just cancel culture. Because cancel culture is really, you know, some people have forgotten who said it, but it's like a dress rehearsal for murder really, because you just make someone disappear. Yeah, you don't kill them, but you make that persona, their online persona, just disappear. When would you read all this stuff? Hey, where do you read all this stuff? I don't know. It's a weird synapses in my brain. Pick up. No, but look, it's rehearsal, right? If you can take someone's voice down, totally down. And that's their lifestyle. That's how they make money. That's how they live. That's how they buy food. You're basically just cutting them off for an opinion. And yeah, I can understand if you're showing child abuse or you're showing people getting murdered, then, you know, we've got to cut that off. But if you're having a political opinion, I think we're all adults, we should be discussing this stuff. And we can see in the United States how incredibly effective sharing those political opinions have been for months and weeks now, the right wing media has been attacking Nancy Pelosi, the Speaker of the House. And finally, someone has entered her home with a hammer to attack her husband and murder her children. So great job. No, I think that Twitter and Elon are in trouble. I think that this article by the verge predicts the future. Like Josh is saying, he will open it up to the so-called free speech. Then he will learn that the hateful and angry free speech scares away the advertisers. So it breaks the model. Then he'll have to provide censorship to this free speech. If Twitter wants to keep operating in Germany, if they want to operate and do buy, if they want to operate in Saudi Arabia, they're going to have to censor this free speech. And just like a pack of wild dogs, the same people who are now cheering Twitter and their free speech will turn on Twitter the minute that they censor something. They have no loyalty to this. Elon will be out there and it's going to be bad and it's going to happen inevitably. I don't understand why just quickly. Why does everyone think that Elon's going to make such a big difference towards the right? Like he's never been a right-leaning person. Well, first of all, he's been incredibly clear about allowing President Trump back on the platform. Well, that's all right. Who cares? He's had public chat meetings with the previous CEO who was just fired today where they disagreed on content moderation. Third of all, he's fired the woman who got rid of the twice impeached image. Impached for what? Impached for going after the son of the current president, making deals in Ukraine who's now just about to take the role of the free. And again, like he, I mean, let it specifically. The private family is inspired in insurrection against the United States. So insurrection against the United States. So they banned his Twitter account. You need to turn on CNN. Elon must disagree with that. I think Twitter is in trouble. I mean, really, Twitter is in order for Twitter to be available in different countries, they will have to do some content moderation or censorship. Or if they don't, it will just be game over. Like in India, you have to appoint hostages like if they don't play by the rules, who will be taken hostage by the Indian government. And the EU already posted that Twitter birth will fly by our rules, basically telling Elon to go, himself. And if you look at reports coming out that many of Twitter's heavy tweeters, there's a people that post three or four times per day, they account for almost like 10% of their monthly users. But they create 90% of all the content on the platform. And those people are leaving. They're moving elsewhere. People are maybe not so much interested anymore. So in that case, in that like way, Twitter is already in trouble. And Elon is going to like magically turn it around. You know, I mean, he's not, he's not building a rocket ship that goes to Mars. He's dealing with humans. And he's not very good at doing it, I think. So it will have some challenges. But from what I understood, he wants to like turn it into this all in one we chat like app where you pay and you book hotel reservations and you look everything in the app as the only app you'll ever need. But if that means that there's just people like screaming a shout-out there without too much content moderation, I think it will, people will leave. So you know, I think he bought himself a major headache for a lot of money that he probably could have spent better elsewhere. And you know, I don't care where the president Trump or whoever is online. If I don't want to see it, I'll block him. You know, I create my own bubble. But I think for the platform itself, yeah, that's a 40 billion dollar headache. My team makes a good point. If Elon Musk wanted to build this all in one we chat competitor app, why buy Twitter? Why get this political headache? Why even mention free speech or any of these nonsense causes, which have nothing to do with the bottom line or the ability to make that app and have that app work the way you're describing. If I'm registering a hotel room, like what do I care if so and so has been banned or so and so is using the if obviously they're using bad words and putting beheadings in the feed next to my hotel reservations, it's going to be a disaster. I mean, there's going to content moderation is going to have to happen. Dan, Eve, what do you think about Elon Musk taking over Twitter and bringing in the bathroom sink? Whatever that was. You're muted. Ben put his hand up. So did you want to do you want to do you want to church appointment? And you can buy through. I agree with Josh on this. I think it's actually, I mean, so there's kind of like two versions of Elon. There's the state suji, which may just use Twitter to make a reach out and then all your information is in the hands of the US government, right? But then there's also this idealistic, I'm going to open source parts of Twitter, Elon. If he does that, you could have so theoretically you can have Twitter, the Twitter experience you have now, but then you can also have the option to use that platform to connect to relays where the information isn't controlled or regulated by Twitter. And it's not the hands of Twitter because it's client-side information. And then that way you can have like like Josh said, you can have this self-sensit mechanism where you can only apply, so maybe if you want like horrible stuff, you can apply to this horrible relays using something like no stuff. That kind of makes my point there. It's like, why would you have engineers where you're like, you're working on the project, you're enabling horribleism. Like, it's really bad. We're going to design the platform so that there's a separate and a horrible thing. We need a moderator in this room. So you can have, you could, the Twitter, our have will be a very vanilla version of Twitter. But if you have like a client-based system with using keys and stuff like we're doing our star, and if you have that running alongside Twitter, then they have plausible reliability, like they're advertising on their Twitter platform, on the vanilla threads, on the vanilla relays which they control blah, blah, blah. Our sign-ups those relays absolutely. However, there can also be other relays providing other content which is less censored, it may be politically controversial or blah, blah, blah. So it is plausible that there'll be a chat platform like Twitter that will exist, which can kind of almost have the best of both worlds. There is a business model still to be made there where advertisers will be happy in countries. The company Twitter can say, well, this is out of our hands because it's software enables people to also connect it to these third-party relays or whatever. So it is possible to build that system. And I think that would be interesting if that's what Elon Musk wants to try and build Nord to enable more free speech. And it is actually also kind of desperately needed because you can't have a centralized company which could be leaned on in any way by any country to promote certain material and then, you know, blacklist other material. It's a complicated problem to solve, but it is possible to have like them both running along parallel with each other and still to be a business model there for Twitter to the business. Well, as they said during the Dread Pirate Roberts trial, you built that website to be like a crackhouse and you left it there and you had really cheap rent, you had all these hiding places and all these things designed to enable more crack sales. But that's centralised, so they for the content which exists on their servers. Whereas Clipsis is a client-sized app, client-side app, and like I can just connect it to some relay which has nothing to do with Twitter and then communicate with peers in a through a system which has nothing to do with Twitter. Then that they have deniability, it's got nothing to do with them, it's just that they're client-in-acid. Why would they waste their engineering resources on something that they don't need to do with Twitter? Because then it enables people to use that kind of bottom line. So it's a waste. Because then it enables all these people to use that Twitter alongside Venerable Twitter at the same time as possible. Because I mean, if I was Elon Musk and I had a company where we were going to go to Mars, I would have one of the divisions that's focused on going to the ocean. That's like totally the same thing, right? Dan Eve, what do you think? Elon Musk taking over the Twitter, he's got the bathroom sink in his hands. I think that one thing is that it's evident is that since Elon took over, you know, the in the last few days, it's shown how much of a platform has become for extremists to moan about Elon taking over Twitter. Like the fact is that the moderation was already terrible in. There was porn on all sorts of crap that you'd see. There was the word beheadings and random shit like that. There was awful that would pop into timeline. The content, the moderation has been appalling. The only thing that's been good about the content moderation or strict is what seems to be certain political views, which isn't bad for anyone. When you segregate a bunch of people, and you force, as Josh said, you force people off to go into the siloed kind of crazy other apps where they can say what they want. That is the problem. Letting people have actual discourses and debate is something that we need to have. You can't let people silo these opinions and then crazy. It's like the equivalent of like UK football teams. They, you know, football matches, they segregate the two different teams, whereas like something like baseball and the US, you know, they have, you know, you've got different people supporters next to each other, right? And what happens in the UK, you have these hordes of people that are like passive animals that not everyone, obviously, but they get a lot more aggressive because they're in the same mind thing. Whereas you're a bit more calm when you've got other people to actually deal with and hear their opinions to hear this, that and the other. So I think it seems like it's, I do think the free speech thing, it's turned into another boogie man like it's, you know, people should be able to fritz speak freely and you say that about speaking freely about, you know, LGBTQ rights, for example. But you know, there's, there's, if you, if you prevented anyone from speaking, that you wouldn't have heard these, heard these ideas and had more of a, you know, a diverse society that we have now. So it's good to hear different opinions that may differ from yours because you can hear the reasons and hear people's stories and the reasons why they believe in X, Y and Z. But to segregate them off, I think just makes people go crazy. I think it puts them in the silos where they only hear agreeing views. And then they become that, that kind of, you know, they become a spiral of focused like division because, you know, they're not interacting with people with different views. They get to just have people that agree with them. It just becomes a yeah, yeah, oh, yeah, yeah, yeah. And then they go out on the street and then they meet these other people of different opinions and then there's, there's issues. So I think whilst that, you know, whilst it's, you definitely need content moderation like 100%. But and content moderation, I think, hasn't been done in a good way before. But you just, you need, you know, you need to fight extremism, whatever it is. And that means that, you know, you can't just blanket, you know, processes, over political views, certain political views because you're just going to get them to create their own platforms. And then you'll have two sets of crazy people, crazy extremes. But the, in terms of like the innovation side, it's make or break, right? This, this could be for Twitter. He's either going to completely screw it up or he's going to turn it into a platform that is actually a bit more, a bit more fair and usable. And, and, you know, and have utility because Twitter, apart from the spaces, it really doesn't change that much. So I think from a crypto perspective, because of his, his happiness about interacting with cryptocurrencies and, you know, Web 3 and stuff like that, I think it's going to push, you know, crypto forward a lot and kind of be almost a, it could be a pioneer of Web 3 services integrated with the social platform. But for the rest of it, I don't know, I think it's just, it's six of six of one and half a dozen of the other, right? You know, everyone's happy about censorship if it's, if you're censoring an opinion that disagrees with you. And, and, you know, that's just the way the world works. You know, I just think even though they're getting rid of the stockholders and they're not going to be a publicly traded company anymore as a company, as a corporation, I think they're now a really hard time pitching to anybody that like we're making tools for radicals. And we're making tools that could help like hate groups organize. And we want to help you have your secret meetings and your secret discussions on our platform and, you know, you won't be tracked. Again, like the designing of a crack house, like you're designing a crack house. You could, you could, you could, you could, you could, you could, you could, you could say the documents again, Bitcoin to be fed. You could say that look, we're building about, I can't, it's not a centralized company. Bitcoin's not a for-profit company. Bitcoin was dropped on the internet. If Twitter was dropped on the internet, it would be more like what you're describing. Unfortunately, it's an advertiser-backed giant company that he just paid, I don't know, $50 billion for whatever you want. 44, right? 44. 44. You can have both. You can have both. You know, the best of both. Yeah. It's just a technological, you know, that's not understand why if you've been a cracker, why promote it? The situation mentioned Noster and then was then was like, you saw his eyes lit. It could be more than just like, I can connect, me and Josh, we can connect to our subversive relay and we can have content feeding in and we can be communicating with each other, but it can be done in such a way where people who aren't connected to that subversive relay, they don't have that content. And also Twitter, they have complete deniability. It's like, we've got nothing to do with this content. And I agree for software and for like making things, that approach is better and that's a more open approach and that's not an advertiser-driven approach. This is a huge company that's based on track. You can do both. They'll have vanilla tweets coming through. You can't do both. Like, you can't be like, we're secretly, we're secretly supervillains at Twitter and we're helping it. No, it's, they're in a different direction and you guys are going to see it's going to, it's going to hit this big wall and they're going to start moderating content. And then you guys are going to call them the same names that you call the other people. You're going to be like, Twitter's censoring us again. Elon's, you know, the new boss is just like the old boss and you'll be all surprised. You'll be like, I can't believe this happened, but it'll happen. I think we've been getting a sense of this. If they're censoring like like bad stuff then yeah, but censoring people talking because the opinions don't align with your own. That's, that's, there's a completely different thing. And just because you have a different opinion, it doesn't make your, you know, make your own. That's a five-line sort of horrible hate speech. Yeah, and no. There's almost loads just just search for you. There's loads of hate speech on the internet. It's just a loud hate speech. On Twitter specifically, you can search for certain terms. And if you flipped the sort of the key word in there, you'd find a landslide against the other one that's socially acceptable to kind of, you know, for example, I'm an atheist, but it's very clear that you can't, you know, it's very open season to to to discatholics and Christians, but in other religions, there's, you know, you can't do that. So there's, that's not, that's not a fair world. What a fair world would be would one way we each treat each other equally and nicely. So I think that there's, you know, there's, there's definitely differences in, in how the censoring actually actually works. That's not beneficial to everyone. We want everyone needs an equal playing field. And at the moment, it needs the block button. I block everyone with that has eith.eith in their name immediately. Just block them. You know, I just like, nah, we need that block button. And if, if they don't censor the dot eith post for me, then I will do it myself with the block button one, three days of time. Now there's gotta be, there's gotta be an extension for that, right? Because they used to be, didn't they used to be an ex, they provided, don't connect, don't connect. It's not e3-lays. Just, you know, you can, you can self-sensor. It's possible. Why are you going? Twitter, Noster. I do think a lot of this because the internet was designed improperly. Once the internet was set up as a government project, as a collegiate project, the corporations came in. They had more money because of advertising. They hired better programmers. They moved faster. They captured spaces the way that Facebook captured things and that Twitter captured things. And then people think that Facebook or Twitter are like an open square or a public square because it's on the internet. But really, they captured that. They made their own thing. Twitter is not a protocol that we all connect to that we can just unsubscribe and have whatever. It's a controlled company that's advertiser backed. It's was stock funded. That was IPO. That was all of these systems to create that controlled version of the internet. And they did it faster than the other people. And they beat the open source people. And they beat the open internet people. And all those people that we all believe in, we all lost like Facebook, Twitter, these things won. But now people have this false belief that it's an open public square. And we're going to see that come right up against that content moderation. And the reality that, you know, you're defending horrible things. I think it's just like proprietary and free and open source software. I don't think it's a case of you're going to build free and open source solutions, which will replace the proprietary software. I just think it's a case of the proprietary software solutions will adopt free and open source solutions as part of their stack. And I think that's where Twitter probably will go. And Facebook will probably go eventually like rather than them be surpassed by some free and open source thing. They'll just see the right on the wall. And then they'll build more free and open source parts, but more parts of their software as free and open source. And it will be done in such a way where you can have free speech in that platform. But you can also then also have like a very vanilla version of that if you want to. So I think it's it's it's not going to be replaced. It's just going to adopt the sort of free and open source and and a free and open source society methodology, I think. I think you're there much more likely to kind of co-opt it and try to take it over and not actually give the change that you want. Because again, as advertiser back shareholder back to companies, free speech does not serve the advertise. It's like, it's like, it's like, it's like, what's going to have? What's going to happen? I think it works, Josh, you don't want your ad next to someone getting beheaded. It's really like it's like it's like a horrible speech. The right wing's like, our speech isn't bad. We just tell people to, you know, shit on Nancy Pelosi. And then someone gets advertiser next to your thing about shitting on Nancy Pelosi. It's not about the political content. It's that it's a bad content for advertisers. Okay. What about what about people celebrating Rand Paul when he got attacked or pe... you know, where or the guy running after what's his name? Not like the court judge, Kevin over the gun. It's acceptable when it's on one side, but when it's on another side, it seems to be, you know, it's the same thing. You wouldn't want your ad next to someone. It's bad in both ways. It's bad in both ways. Advertiser people are going to be pretty standard on that. They're going to be like, yeah, we don't like either radical thing that you're presenting us. There's nothing for free speech. Advertiser just don't want that. These companies are advertiser based. Like this. We're all getting along. You get people that head towards the right that maybe are more into prepping and gardening and green keeping or an oatmeal and stuff. And on the left, you get hair dye and I don't know guns. Gardening is also a bore wheel. Oh, then I'm a bore stuff. Okay, all comes out to oatmeal. We're all drinking out. But it's the same thing. They all want... I'm just kidding. You can put in all mutilation kits where you can just swap your gender just any which way you like it nowadays. There's always the companies that will market to any odd extremist. This is bottles on either side. But as a company, you want to have the biggest ads, the most money you want Coca-Cola and Pepsi. You know, your horrible... Twitter isn't... Everything you're saying here is like Twitter in the current model. But if he is planning to make a WeChat platform and there's always additional revenue streams which could happen for the Twitter company, it's simply very profitable company. But then it could still also have the ability for people to communicate in a way which is outside of the regulation of the private company or the government which controls a private company. I completely agree with that. But if I was going to do that, why would I buy Twitter? Well, you want the users, I guess. But you have all these advertising vehicles, all this like industry, all this thing that you've built. If he's going to completely throw that out, which is a possibility, he's crazy. But yeah, if he could fund it in an alternative way, he could then have it. But again, who's going to pay for this horrible content that you're doing? I'm not talking about Amazon. You could set up a shop. You could set up a Twitter people who could have shops like and then you have Amazon store, a better type store, but when you want to do a Twitter thing, with re-appitation. You're not talking, it's like Diagonal. The reputation, you're not talking. What kind of shop are you thinking, Dan? Like your local dealer or... Oh, yeah. You're gonna do it? I was thinking of an extremist shop because it's going to be in the hands of extremists now. Guns and blow, good reputation, five stars. Because they'll be more free speech. There'll be megaphone with guns built in. I think only time will tell. Like, we disagree on this, which actually is good. I think the biggest problem that Twitter has, which I don't think it's a loan to Twitter, but it is the bots. The bots are coming so hard and fast. If anyone's playing around with some of the newest AI, it's indistinguishable from people. So you cannot tell, capture's are gone, they're easily passed. So Twitter is just going to be so full of bots talking to each other and you just won't know, Elon would know. There's no way to figure it out. It's the same as Facebook or shorty, even worse, Instagram right now. You can't post anything on Instagram without bots responding with spammy comments. It's, I think it's not just Twitter, it's everywhere. It's everywhere. The internet will be 99.9959% bots. It's like those passwords fields on the internet. Did you know that 60% of all attempts for passwords are bots trying to hack somebody else's password? That of all the login attempts on all the websites. It's just 40% really legitimate people trying to log in. The rest is just bots and scripts trying to crack down. Yes. It's crazy. We even like the, just just even now, there's so many bots on Twitter. Every crypto-based post now has this thing underneath. The common one now is like, oh my god, I can't believe no one's talking about it. And it looks at some dumb ass YouTube video. But they're in the thousands. They're not even shy about like they use the same terminology. And yet somehow the Twitter bot algorithm doesn't pick that up. It's definitely in a, in a situation that can be totally convincing. It can be absolutely different. But like in most of the popular topics on Twitter right now are cryptocurrency and not say for work content. So this is like totally different than what five years ago when Twitter was about everything. And now it's just, it's just crypto bots trying to push unwanted advice and people posting their pictures of their jungle line while I think it is like weird. All right. I think the platform is slowly sinking and Elon built himself of bot himself. Massive, massive migraine headache. I'm not gonna post. Time will tell. Well, and coming up right here on YouTube, we've got a great video where Elon Musk is going to double your Bitcoin. That's right. Just send your Bitcoin to the QR code on your screen. Elon makes twice as much Bitcoin back guaranteed. It says so on the screen. My cousin tried it. He's so rich now. But we're going out of time. Exit. First we're going to go to predictions or a story of the week. Josh, Shagalla, are you ready with a prediction or a story of the week? Go ahead. Yeah. Last week we launched our competition leaderboard points competition because there's a wait list for our software that we've been building our stablecoin solution for the last year. And we're going to launch on the 28th. So jump in on the wait list. We're giving away $1.45 million worth of TST as well as tokenized gold. And there's a couple of NFTs there as well and some other things. So depending on where you are. So in the leaderboard. So yeah, jump on to the standard.io. It's really exciting. The chat in the discord is really blowing up out of control. It's starting to get really exciting. Come along. Join the fun. Our team, WishMare, prediction or story of the week. Go ahead. I got a story of the week. We're going to the LAB Bitcoin next month in Latin America. And if you're in the area or you're planning to go there, I've got only only for people that watch this show, a 75% discount coupon. So you know, you can spend it on nice cocktails instead. So the code to use is general minus ELK. So that will give you a super high 75% discount for the LAB Bitcoin. Don't tell all your friends because once we're out of the quota, we don't have any left. So there's only for limited time. If you're going to LAB Bitcoin, we had Rodolfo here on the show like a year ago or so. It's going to be a really good show. General by sponsoring it. So general minus ELK is your 75% discount code. And shout out to Rodrigo, great friend of the show and an incredible conference down there. LAB Bitcoin has had some of the early and driest videos. It's been going for a long time at LAB Bitcoin. I would say it's one of the very best conferences in the world. And there's a lot of conferences. Dan E. Ready with a prediction or a story of the week. Go ahead. I predict that I predict. I'm going to predict that it's not going to be as bad as everyone thinks the 20 take over. And hopefully they make it just a better place for everyone. So I'm going to go for nice and even though it's Elon and lots of people, I just I hope they make it a better place with less spots and just more more a nice, a nicer platform. There you go. That's that's my prediction. My prediction is is is flowers and flowers and rabbits and and everyone like skipping through meadows in Twitter. And yeah, and that's that's going to be my. I hope it's going to be like that because rainbows, lollipops, rainbows, lollipops, everything flowers, meadows, all that shit. Sounds fantastic. And it looks like Ben Arches back perhaps with a demo of Ellen Bitts. Go ahead, Ben. What's going on? I just I switched to the to the thing where you can like tip me and then have an animation come up. Although I mean, it's I'm just yeah, I'm debugging because I was I wasn't sure if it was working or not. So sort of the week of prediction. Sort of a week was the probably the the cash thing. And then prediction doesn't like his working. Prediction is the what we've got we've got adopting Bitcoin going up in our Salvador a few weeks. So looking forward to that. There's also a Brazilian conference for when we go into the SATs conference. So I think that should be good too. So I'll be there doing some workshops. Our story of the week is we made the Alan POS and the Bitcoin switch super duper easy using a web installer. So now it's like building Lego. You can just get the parts plug in the parts and then flash it from the website. You don't need to do it. Wow. Downloading of Arduino and anything like that and it makes it makes it. There was a kid in Edinburgh. And he he wanted a point of sale. He's a bus care. And within like three minutes, a set up with a point of sale where he could like accept Bitcoin and then also sell Bitcoin to customers as well. So it's pretty cool. And that was all through the web browser and you can configure it through the web browser as well. So he has a he has a little device and he can type in how much you want to donate and it makes the QR code and then it sends in the money. Yeah. Yeah. Brilliant. Very. I'm just really did you do anyone pay the QR code? Is it just not working? I thought this was a camera this week. I'm so cheap. Sada to Apple. I'm letting me use my phone as my camera so I can't use my phone. So you're going to go here plus 10 sets. Go for 12 sets. See what happens. I don't actually have my phone. I don't know how it works. And it's trying to get it. I'm trying this. Let's see if we're better up there. Steve the audience can do it first. Oh, there it is. We got to get that. Very cool. Good stuff. So thanks everybody for donating. Check out all those conferences. Let us know down in the comments below in the chat what you think about Twitter. What you think about censorship and all these exciting issues. Be sure to give us a thumbs up and subscribe. Until next week.

Primary source transcript. Whisper AI transcription โ€” may contain errors. Do not edit.