The Bitcoin Group, the American original. For over the last ten seconds, the sharpest Satoshi's, the best bitcoins, the hardest cryptocurrency talk. We'd like to welcome our panelists, Radolfo Adronsis from the law, bitcalf. You got unmute, say hello. Hello everybody. Thank you for inviting me. Robert Allen from Bitcoin and Friends. You got unmute too. Good to be back. Josh Agala from the standard.io. Now I'm just kidding. Yeah, hi everybody. And I'm Thomas Hunt from the World Crypto Network. Moving on to issue one, issue one Davos 2023. Global bankers push urgent regulation of Bitcoin. Yes, the bankers are here and they're ready to fix Bitcoin. They're worried about the FTX disaster and they're looking for other ways to enact basic laws and a hold down crypto. They are worried though about regulating crypto because it might legitimize a sector that they worry is inherently speculative and slightly crazy. Radolfo, what do you think of the WEF's plans to fix Bitcoin? I read the title, it says Bitcoin. I read the content, it talks about crypto. I mean, regulating Bitcoin, what does it means? And when you discuss FTX, what does it have to do with Bitcoin? When you discuss regulating crypto down the road, what does it have to do with Bitcoin? I really don't understand if they are discussing we should put focus on the self-custody, we should put focus on or they're discussing what exchanges should do. I don't care what ever regulation they put on exchanges. Yes, I think that the fantasy of regulating Bitcoin is just as misunderstanding of what they are discussing. I think they're slowly coming to terms with it that they can't regulate or control Bitcoin. That things like the halving will keep happening, transactions will keep going through and it's pretty much unstoppable. Robert Allen, what do you think about the WEF after Bitcoin? Well, these guys are criminals. So they're going to do whatever they can to keep their criminal enterprise operating as it's been. But yeah, there's very little they can do to stop Bitcoin. I mean, of course, they could try to outlaw, you know, self-custodial wallets and things like that. Very hard to actually enforce that. Of course, they can slow down adoption in specific jurisdictions, but I think jurisdictional arbitrage will win out in the end. So, you know, for example, I'm in the United States. If this government tries to do something like that, I will move to another country. And I think a lot of Bitcoiners would do the same thing. So I think game theory is, you know, we're in good position regardless of what they try to do. It does seem like we've been winning the whole time and it just keeps getting worse for them. Josh Agala, they're here to fix Bitcoin. It's regulation again. You will eat bugs to change the weather. That's what they want better. It's the thing is that these guys are megalomaniacs. They always have been always try to, you know, change change the world. People call it the world economic for them, because that's kind of what they want. But the thing is that if you, if you rate like for a dollar said, if you regulate anything, it's exchanges. There's already like crazy amounts of regulation coming down the line from the EU. In terms of the travel rule and all this nonsense. So there's so much coming. They can't, they can't regulate Bitcoin at the, at the base level. It's just, it's regulated by math already. And, and so it doesn't really matter what they do. It's, it's just, it's good to just ignore them and keep on going. I think that's, that's the name of game. Well, for the exit questions, since we all agree that they can't regulate Bitcoin, the question is, will they be able to agree with each other? Will there be a worldwide crypto type legislation within the next three years, five years, or never, or dolefo? I think that there will be some, some general adoption of, of, of rules. The fact that the, the gaffee standards and all those really puts the countries in, in that position, if they don't agree on those and, and I think that they. Several countries will work on an international. With differences in every country, but with an international approach of how to address. Bitcoin and crypto, yes, but mostly understanding that that will affect. Crypto exchanges are not mainly Bitcoin, but yes, I do, I do believe it will happen. And I also do think that. That in some way, as Bitcoin and crypto adoption grows, it affects more and more people. And, and when these things are clear, that FTA is, I, I do understand that they have concerns of these situations. Because finally it affects lots of people, yes, that, that started to go into the space, because it's easier and with less understanding and less knowledge about. So I do understand that they have this sensation that they need to be the savers of the world. And, and I do believe that it really affects a lot of people when these things happen. If we, any banks connect to them to the crypto space and the crypto space phase, the banks phase. And people put money in the banks that are putting money to the crypto. So I think that regulation is really inevitable and it will have a, a big impact. But I don't care about that. It's just a matter of, of time and, and, and Bitcoin will still be, still be the only asset that has 21 million. I know this stuff that will be part of the discussion at the end of the problem. Robert Allen, they may be a gang of thieves, but will they stick together like a gang? Well, this is the Hagellian dialectic that they will continue to use forever and ever. So they, it's problem reaction solution. Right. So the problem is, you know, SBF, FTX, which they basically set that either they set the guy out to fail. Or they, or he was, you know, kind of useful idiot. Or some combination of things, but there's out down my mind that, that, you know, there are a lot of people that wanted. So for there to be a giant crisis so they could go in and say, well, look at how dangerous it is blah, blah, blah, blah. Try to roll out regulation. I mean, this, this is, it happens all throughout history. They're just doing it again. So will they stick together? I think, you know, they will try, but I don't think so. And I think that's where we win. Is this game theory where some jurisdictions will go along and some will not. And, and as we see sort of the Western, you know, the American power waning a bit. I think the world is becoming less, you know, unipolar. And I think that's actually going to work in Bitcoin's favor as well. Josh, Shagala, will they stick together that either we all hang together or we all hang separately? Spend, Franklin said. Yeah, I think, I think both guests that are spot on that they will regulate more exchanges. And it is scary for them that they're losing control. So they try to, the thing is there's already regulation. Like everything that SPF did was illegal already. So it's like they'll be putting regulations or regulations. And then there'll be some deep that just wants to scam people anyway, even though and try to get away with it. And then they're going to be selling bezel money through somehow while they're doing it. And I don't know. It's, it's, it's a, it's game over. Everyone's going to head towards defiant. And, and Bitcoin, because of these calamities that happen. And that's the only regulation that matters is mathematics. Well, and we always used to talk about the Trojan horse in the beginning and how we were moving it through the gates. And they were all, oh, it's our Trojan horse and we're the ones that invented it. We did all the, and then they put all their defy and their stacks and all their extra money making magic on top. But at the same time, the Trojan horse is intact and they don't know what to do. They can't regulate the core functions of Bitcoin, the way it's created, the way it's sent around, who it sent to. And this is a major problem because as we're going to see in the next story, they're all about regulating that. They've been doing it for 30, 50 years. They're way into it. Issue two, Binance named as a counter party in the Fin Sen order against bits, laws, Lado, bits, Lado. Bits, Lado is accused of laundering $700 million by the US authorities. It's all about money laundering. No surprise that Binance is involved. But it's Lado a little bit of surprise. I don't know anybody that's ever heard of this exchange. Apparently it's for criminals only things with scary sounding comic book names like Hydra and other things. Robert Allen lead us off here. What is this about Fin Sen money laundering and bits, Lado. Well, I think we are seeing a period in history that, you know, if you want to compare it to old texts like the Bible, the idea of the apocalypse, right. What is the apocalypse? It's the unveiling. It's the unveiling. That's what that word means. So I think we're kind of living through an unveiling here, which is basically it's becoming more and more clear if you are looking and not brain dead. That world governments are criminal and I don't mean that as like, you know, they do some bad things sometimes, but I mean that like entirely saturated throughout the entire enterprise. They're all criminals. So they don't have any problem breaking laws. I mean, if you are a criminal mastermind, of course, you're going to be breaking laws. So, you know, I'm not surprised by any of that sort of thing with, you know, a government using, you know, an exchange to laundromoney. Why not. It makes perfect sense given what we've seen is commonplace with with the authorities. Josh, Shagala, your thoughts on the money laundering disaster. It's again one of these ridiculous. You know, back in the day, if you, if you even touched Bitcoin, you probably had touched even now, I mean, especially now, you would have had some Silk Road coins. So that would make you then implicit with the Silk Road just because you would have had it, you know, and Mark got the same sort of thing aimed at it. Charlie Schrem got stuff like that aimed at him because if there's a, if there's a lot of internal enterprise, I don't even know alleged criminal and I've never even heard of this wacky exchange. But it's pretty hard as Binance to, to go and do the policing of the world. And this is the nonsense regulation that's coming down the line. It's, it's basically most regulators all they care about is KYC, right? They're like, do you know the customer? Okay, what, what do you know about them? Well, not much. You only know their name, their address and their age and their sex. But it's not much more than that. You do do some background checks onto major lists and stuff. You're forced to do that. So, but it's pretty easy for someone that wants to, if they criminal, they're going to do criminal things, so they get around, go to round all that. So yeah, I think it's, it's typical sort of pulling a straws, I feel. But Fincen's always pulling a straws, they're a weird bunch. It's like in Germany, all the regulators try to push it to the other regulatory bodies. They're like, no, that's not our thing. I don't know. It's not a, it's not a commodity or that it's not a, it's not a currency or they just keep pushing it. Whereas in America, every, every regulatory body is like, yeah, it's ours. We want to regulate. They're obsessed with it. It just want to regulate the hell over. I don't know. Fincen, they're a strange sort of again, strange power hungry group. Well, my favorite part about the story was Binance is a response. Binance seems to say, oh, we've had this problem and we want to help you. But we're also the ones that cause the problem because they just have this open valve and all the money keeps playing through. And afterwards they're like, oh, whoopsie, we're sorry we let that $700 million go through to that whatever kind of terrorist organization that might be. We have no idea. And for those of you keeping track in the future, this is in the time period when Binance is still a company. I don't know anything about Binance, never been there anything but allegedly they're a company and they have an address and they have all this relations. But it just seems as well. If I was Binance and I was operating more like a pirate operation than I could do anything I want and I could wander all this money and I could get all the fees and I really wouldn't care whose money it was what color gray or dark or red or bad money. And of course going back to this idea of money laundering here in the United States, they famously caught the gangster Al Capone for tax evasion. I think this led to the idea that you don't catch gangsters for gang crimes because often they go through intermied areas. You catch them for the money crimes in the 70s they investigated drug lords and other things like that got more and more into the people's finances. And now it's to the point where they want to tax you for $200 Venmo or something like that. So we're d'awful. What do you think about the finance money and laundering and bits later, which I think we can all agree with never heard of before. Never heard of. Actually, my first a bit different when I see things and discussing this later, how can they get to discuss this later. I mean, why they are not discussing others big players and they're discussing this later. I guess that they do check everyone and they they're tracing the on the on chain tracing. Yes. And the chain analysis and the and the lipstick and all these services. Yes. Provide some information that raised the attention beyond a certain level of acceptance. Yes. So getting this later, I never heard it and and 700 million dollars were most of the players were coming from scans. Whatever they define scams is I don't if they were or not or I mean they can said whatever address as a bad address because they can as long as they say it is true and it's not. Yes, but I mean they can fake the information and make you make you believe that it was really bad. They can be about exchange for just for saying it, but but I think that if they get there to be this data is because they are checking everything or several. And they are addressing some specific situations in which they have major concerns. Yes. I don't believe that they are not checking by not there not checking. And he will say no, but they have KFC. Yes, but depends. No. So so. Because when they finish this are they going bigger or not that they will address every other signal transaction and every other thing will be like money, angry or not, but. My main concern here is why Binance was supportive active support if. And so this is to what was happening with the finance also did their own analysis and said yes really this later was doing wrong or not. I don't believe that finance is the saver of anything I do think that some minimum time it will also fade as others. And it will be a big crisis and whatever also with that. But but now they're playing the role of I'm the god of of the good guys and bad guys at the same time because we don't have said in money we don't have said cash but we do trading only in crypto. So we're good for the for the for the crypto guys but they're also good for the government because they can call us and we are the major so we know everything about everyone every transaction. So I don't like very much the road that by Nancy's taking this base not because of us because of how big they are how big they will fail and because of what. How they're positioned in themselves in the two sides. No, but. It is an incredible position it's like they're wearing a white hat and a black hat at the same time and they're like oh hello government we're glad to help you yes all the criminals went through our system here's all their information and so they're they're writing out the criminals but again they're the ones causing the crime or allowing it to happen allegedly. And so forth and that moves well to the exit question which is completely speculative predict the future will buy and then to regulation and become a normal crypto company or is finance more of an idea or of a you know fifth of November type thing that goes in the wind remember remember buy and they just keep serving these transaction Robert Robert Alan predict the future which way will buy and go completely speculation. Well it seems like similar to fiat currencies they have a certain lifespan and then they die right so perhaps finance will be yet another exchange that had its day in the sun and then died I would I guess I would probably go that way that it will probably collapse at some point for some reason you know or or see easier someone will just decide they want to exit and they'll take you know a lot of money with them and. Don't leave your bit quite on exchanges ever you know I mean this is one on one right. Absolutely Josh a gole will finance go the way of BTC dash E cryptocurrency mint pal and so many others. Oh list goes on does not yeah inevitably they will inevitably they will like Robert said he can't really. You can only last so long but but I think the clever thing that finance did is build build up its its chain its chain so I don't know how good it is or whatever it's pretty seems pretty centralized for the speed. But I think that's it's kind of exit to if they if the centralized unit gets shut down and they'll try to focus on their pancake swap or whatever it's called to build that out I don't know but yeah inevitably. Handcake swap sushi swap peanut butter and jelly swap redolfo tells the future of finance. Well I also agree it was similar to what I said before I think that at the medium range they will pay it's not a wishful thinking it's a yeah it's I would love it that it doesn't yes but to centralize to I'm not sure that it will survive for long long. I don't expect they do but but if they do I don't expect them to become like the God for all the for all the governments and so I don't know I don't see a very long run for them but eventually it happens. Any concentration in the space so the wishful thinking is if they survive yes they become way less relevant in the space that one they are today yes I absolutely dislike having a such a big player in the space so centralized so centralized and being such a big player so. At least I foresee why do expect a wishful thinking would be I do expect him way expect the way smarter and growing between it's a crack and another story. Well I definitely think CZ is one of the smartest guys in this industry and he's also like Dr. Doom though is a bit of like the evil genius smarts to him so I don't know where we'll go in the future I think if you look at the example of someone like Jack Ma or other people who. Gone against major governments and they found out that the major government takes away your freedom so you might be a billionaire that founded all the Baba but if the government takes away your ability to go from point to point it's not very valuable so well as. Binance and allegedly imaginary like you know GI Joe or something as a criminal conspiracy like cobra or something I don't think it's going to work but maybe like we're also saying dialing back this exchange keep being the one that gets bigger and bigger. Has all these problems but each time interpole comes calling they say of course interpole we'd love to give you everything we have about these people which is a reminder you know not like Robert said don't keep your Bitcoin on exchange obviously if you're up to anything don't put your Bitcoin through an exchange but who knows these Hydra and other operations what they're up to they needed to launder the money is the only way. Check out world crypto network dot com for on this day in world crypto network on this day January 20th we've had many videos we had one in 2014 with mad bitcoins talking about the UK Bitcoin tax we had Chris Ellis and Eric paisley on 2014. In 2017 we had living blockchain art on you me and Bitcoin podcast and in 2019 we had three episodes how to update the best client mimble wimble and live mini sketch in 2021 we did today in Bitcoin and now we're doing this show so check out world crypto network dot com for many many more shows click on the on this day button on the left hand side. Issue three crypto lender genesis files for bankruptcy it could be far worse for Bitcoin the winkle vibe brothers are back in the news again and there's nothing good about it Genesis trading which landed their funds to Genesis trading which landed their funds to FTX has now collapsed. Will Genesis be able to hold off bankruptcy for the rest of the digital currency group and also worth noting. We talked about many times we're very excited that the van x fund has invested in Bitcoin the van x fund has been wiped out according to this article they have lost 53 million dollars because they invested not directly in Bitcoin but in Genesis and winkle vibe trading. Josh gole what do you think about this unlikely and for the winkle vibe exchange. I mean I don't think it's an end they could bail themselves out of that. But it is I think it's been priced in that Genesis was going bankrupt it's been talked about for ages along with FTX and and stuff so. I don't think it's going to have a major market impact but it it is the fallout is this contagion that everyone's talking about because FTX had their fingers and so many pies. And yeah and sort of three hours capital and and Luna and all this sort of stuff so. Yeah i'm hoping this is kind of you know just finishing it all off for last years doom and gloom and hopefully. We'll see more and more people moving away from that centralized lending platforms there's enough cool decentralized lending platforms that are out there nowadays where you only need to trust the code. That's still a trust factor you need to trust smart contracts which can be hacked in it's trust the chains that they're running on but. At least it's kind of more on the cipherpunk vein of things of not trusting these centralized entities and so yeah let's see see what happens. It's been amazing and tragic to watch the potential collapse of the digital currency group early on I thought Barry silver had one of the best strategies to invest in Bitcoin and Bitcoin related companies now we've seen that they invested some of their money with FTX and according to Barry silver got taken advantage of by criminals and fraud allegedly bad guys in the industry. However the winkle vi are accusing Barry silver to mismanaging the company and so forth were dalfal what do you think about the collapse of Genesis trading and the wider impact on the digital currency group. And concerned. I'm not sure that we we will stop seeing some additional collapses I think I think the wave is is is yet moving yes it might bring some other down. The industry is very interconnected and this and the investment is needed and I don't know I mean I'm sad but I'm a holder I don't trade on exchanges I don't I so some things I see them like like from from the far yes also I do my own events I invest in the market. I invest on my events with my money so so all the things that happen yes for me it's like it's it's happening outside but I do understand that the industry needs these players that the industry needed an FTX being regulated and they needed to trust in them because they needed to do some money and and and he is sending I understand the role they play not for me yes so for me it's far too understanding as a holder yes it's. And if you have this right from the second but I do understand that the industry needs these players and I see with concert the impact in the industry not in Bitcoin is like regulating between. This is not a room for Bitcoin so but the industry the players the the the projects the new the new idea so I mean yes this is this this affects and this is what's a supporter of. Server Bitcoin projects and and the industry so yes I would I would be sad to see Barry silver failing his his project way more sad of seeing Barry Silver Barry Silver failing than Brian from. Well it's funny with off I agree with you and I used to work at a DCG company and I've been very clear I worked at purse and one of the funny things is the whole time you're working there and we need people to fund Bitcoin companies and to employ. Coaters and marketers and other people to inform people about Bitcoin but the same time you kind of like you want to say to the guy like you could just hold Bitcoin you know you're doing all this work you're filling out all these forms you made all these official positions you built this big investment. I hired all these entrepreneurs and you're like kind of like you could just hold on to your Bitcoin and and Roger there was also one of our investors at purse and other major Bitcoin companies and the same things got it true for Roger where you're like Roger you could just hold your Bitcoin forever you never have to do anything else you don't have to even be involved in Bitcoin cash or any of this other stuff but that was a long time ago. Robert Allen what do you think about Genesis filing for bankruptcy the digital currency group and the continued contagion of FTX. Well you know to your point I would push back a little bit in saying that if everyone just held their Bitcoin and didn't try to build companies utilizing Bitcoin then perhaps it wouldn't have worked and it's always easier and hindsight to say I wish I had helped my Bitcoin instead of doing X Y. I mean I mean I think I'm not going to be able to do X Y or Z but you know so yeah I mean I feel for for some of these guys like Barry I mean granted he's been shitcoining for quite a while and I think I haven't looked to be honest at the details of some of these cases so I'm speculating a little bit here but you know it might be an issue of they had a lot of exposure to specific shit coins that you know wipe them out or at least help much more I mean because obviously Bitcoin is a good thing to do. I mean I think it's a good thing to have a Bitcoin coin had a big drop here but if you're an OG Bitcoin company you shouldn't be wiped out by these moves so either they were you know re-hypothicating coins and trusting someone else which is you know one of one not your keys not your coins even if you're a big entity I don't know why especially you're big entity I don't know why you would be trusting other people with your Bitcoin but I guess maybe they were looking for yield or something and you know it's a lot of this to me it's sort of a big deal. We still have old like pre Bitcoin and mentality about money that has not been sort of like exercised from people's minds and so yeah they're looking for yield they're thinking about these things that like like you to your point if you just hold Bitcoin over the long haul you're going to be better off probably than doing anything ironically but you have to actually hold it you can't re-hypothicate it you can't loan it out to people and I think that's a good thing. And so people need to understand that Bitcoin is a fundamentally different kind of money and I think it also you know it sets up these big institutions for failure because if you have someone on the inside who wants to run off at the money they can you know using the pseudonymia pseudonymities excuse me a Bitcoin they can essentially you know move that money maybe you know drop out of society and and wash it in some fashion and use it theoretically and you know in other words it's much easier I'd argue to get away. So I think it's a good thing to have a good time with the money that you can get away with robbing an institution that has Bitcoin as its asset than it would be if they had gold bars or bank accounts with traditional fiat money you know so it's a it's a riskier thing to to hold large amounts of Bitcoin in an institutional manner I think also because that a lot of these companies sadly haven't been using multi signature or even really set up probably systems that they should have so I don't know it's a combination of things and it'll probably continue to keep happening because people are very slow and I think it's a good thing to do. I think robber it's not only easier for them to have problems with someone running off with the money it's also easier to convince the board to say we need to take this Bitcoin and invest it and get that yield because that's really what this was about that Genesis trading was offering a certain much for their yield project for their loan project that was passed on to Gemma from Gemini to Genesis Genesis to FTX FTX was also promised to get the money from the money. They were using fantastic yield and they could have just held their Bitcoin but instead they went for more and that's just a human failing and it's also like you're saying it's about a time preference of whether you have Bitcoin today or if you have Bitcoin tomorrow five years or 10 years which leads us to the exit question. The price of Bitcoin against the magical predictor ball will the price of Bitcoin be higher or lower this time next week or Dolphal you go first. I hate Bitcoin rights predictions. Let me say higher because. All right higher optimism Josh Shagall a more optimism. Yeah, I think higher you know that one of the things that I saw with this whole DCG thing is that they're very close to the whole FTX Tether stuff suddenly billions of Tethers been been pumped into the market the coins going up. Sounds like it's going up right now or Dolphal's already being proven right. Yeah, so it's it's it's. I just wanted to know which was the Bitcoin price because I don't take it usually too much. 22 to 100 just to remember next week to check and see if I want. Do we win something? No, it's just one. You win respect. That's it's a respect Josh. All is higher Robert Allen higher or lower this time next week. We don't want to hold Bitcoin what's going on here Thomas. It's a cheap show maybe we'll get you a doji coin. Well, you know me I'm always it's always higher with Bitcoin. I mean of course in the short term no one knows but it's always higher. I'd like to agree it's been going up the last couple of days and it went up some more and everybody's really optimistic. What happened all the bear market stuff but we must ask the ball distance to us to fall predictors the Bitcoin predictor ball will the price be higher this time next week. Don't count on it. Don't count on it. The ball is pessimistic moving on to issue four. Issue four Jamie diamond thinks the Bitcoin supply won't really be capped at 21 million. He says there's no such sure thing as a sure thing but five lines of crypto code come pretty close. We've talked about this before people come to Bitcoin. They're brand new. They want to change it. And Jamie diamonds wave changing it is pushing this fud that the Bitcoin supply could be changed which would affect everyone's investment in Bitcoin. Obviously we know how hard it is to change the Bitcoin code but maybe other people don't. Redolful. What do you think about Jamie diamonds plan that Bitcoin could be changed? He's a thank you experts. I think that every picture of Jamie diamond should have a clown nose and some painting on the on the face. Yes. So so I don't agree with the picture. Second, it's stupid declaration though there's been a big discussion and they're still ongoing discussions on the tail emission. So if Bitcoin is 21 or 0.005 is being added later on. I mean, this is not the real concern. We have concern. But but this fud about Bitcoin good or not and the way he's supporting this discussion saying I mean showing and non-understandment of things or do you know how to check if this is true or not. It's Jamie diamond. I really from it's whatever says Jimmy diamond diamond is something I sleep reading and and really it's a stupidity. But yes, we could change the Bitcoin price but that things could happen. Where's the things happening. Yes, it's totally different. I don't see us changing any cap of meaning because which is the core of the is the only big thing that we want change in the in the ecosystem. But if we do it just shows that we are a live project and not a not a stone and and if the whole community decides to do it. Okay, and it would be a fork and let's see what markets is of the fork. I really don't have a big concern though. I don't think that the real relevant Bitcoin future the real asset, non-fog asset will have any concern about changing the in concern. No, any risk of changing the cap. I think you're right right. Redolful mainly we have to worry about the potential of two forks in Bitcoin future one in 2049 when the block reward becomes so small. It's like a rounding error and another one in 2144 when the block reward completely runs out. I think at that time, people will reintroduce kind of growing Bitcoin ideas and then we'll find out if they're more popular. But I think the original Bitcoin stays the same. This is one of the best ways to do. I think the most important thing is to have a lot of ideas, which is like boomers. Right. I mean, no one that I know really pays much attention to the news from these mainstream outlets anymore. And you know, the talking heads and the clowns will keep doing what they do. So yeah, he's talking to like my uncles. I think it sounds like something they would say to me about Bitcoin because for them and a lot of folks, I guess their age and older, it's, you know, code is like magic. Right. So it's like no one could actually know what the code does until you until you just find out someday in the future and just, oh, here's Jamie. And like, like from a movie right in his head pops up like you're reminded of the what is it the Jurassic Park thing. Remember the guys head comes up and, you know, he, he put some virus into the computers to, you know, open the gates. I forget whatever it was. But anyway, point being, you know, that that's what is going on in Jamie's head because that's as much as he understands about computers. It's this magical mystery code thing. So yeah, he's just talking to boomers. And I'm not surprised. It does seem to be kind of an extension of that simplistic thinking where if you just don't understand the internet, you're like, well, don't put your money on the internet because they could unplug that thing. Thousands and millions of servers everywhere in the world and racks and racks and racks and all these while you're, oh, they could just unplug the internet. And if you didn't know anything about computers, you'd be like, yeah, I guess that's true. I've unplugged my computer. Therefore, I could, the internet's just a larger computer, right, is one way of thinking of it. Josh, you go, what do you think about Jamie diamonds? Incredible claim that Bitcoin magic number of 21 millions easy to change. Well, go for it. Change it. You know, in his logic, it could be dead. Then there'll be more Bitcoin. Yeah. Like it's, it's obviously not done any research on, you know, even just like the blockchain, the block size was in Bitcoin and our hard was to move that forward. Like it was almost impossible. And that's like seeing universally the scaling of Bitcoin is seeing universally is a good thing. But the nature of how to scale is super hard. And was a, was a deadlock was a, was a, was a stalemate for so long. So yeah, it's ridiculous. Just another bankster doing his bankster stuff. I don't know, regulate them more. Exit question, predict the future in the future. There's an archivist who's going through each one of these episodes and writing down everything we say probably reading a transcript. But I want you to predict for them what will be the result? Will the Bitcoin 2049 fork against the very small block rewards exceed or will the Bitcoin 2144 fork against the zero block rewards exceed redolfo predict the future. First, I, if I were to predict that there shall be a fork, they won't be when the fork is occurring, but some time before. So it wouldn't be the 20, in the 2140, it wouldn't be the 2049, 29. It would be some years earlier just to get prepared of, but that being the case. It's the same of the predicting the price. Yes, I don't do price predictions. So I don't care the number of between being mine. Yes, I do care about the price of Bitcoin in the case of that moment of how many of you mine is like when we were mining 50. So we had the discussion, should we have the discussion about what would happen when Bitcoin, when just three meetings are being mined every every 10 minutes. Eventually at that time, we would have the discussion, but today I'm not discussing what will happen when we go through three to three 25 or whatever. Yes, so having a discussion of when we go to zero point zero five bitcoins, are we going to discuss if the price is 300 $1 I guess we won't the price is 10 we might have this discussion earlier if the price I mean, I, it's this discussion is the same of guessing the price and I can give you any answer. Yes, yeah. All right, Robert, go ahead and predict the future. We've also had more reports that the fork coming in 2042 is very reasonable. They only want to double the amount of Bitcoins from 21 to 42. That's genius branding 2042 42 bitcoins. What do you think Robert? I'm going to be optimistic and say it won't happen. And I guess my thinking is that we are, if you guys know this, this sort of idea of the cycles of civilization, you know, the good men creating hard times. Sorry, the good men creating good times, which creates weak man, which creates hard times, which creates strong man, I'm if you've seen that it's a popular meme. We're kind of living through the hard times, I would say, or the beginning of it perhaps it's probably going to get a little bit dicey or in the next 10 years. So maybe we come out of that and people are a little more wary of just, you know, messing with things for the sake of messing with things. So there might be a little more of a conservative attitude about life and something as beneficial as Bitcoin, you know, hopefully folks understand that it's not to be messed with. The other thing about this is that I think just, you know, technically, of course, changing a little bit of code is one thing, but what about, you know, is that going to potentially it's probably not going to be soft forkable in that way. I don't know for sure, but I would be surprised if you could do a soft fork that would do that in which case, then you also have the, you know, like backwards compatibility issues and if there's a lot of hardware and stuff that that, you know, can't easily transition to this new version. So hopefully in other words, hopefully the infrastructure becomes like so, you know, ubiquitous that it becomes very hard to really change the protocol. It also fies and so on. That's my hope. Josh, a goal of the year is 2133, the Bitcoin block limit has not been raised for more than a hundred years, but the block reward is going to zero and they are dedicated to raise and change Bitcoin. I mean, if it forks at forks, but there will still be the other side, which most people just stay on because why would you want to have the chain that's got double the coins, it doesn't make sense. It just shows Jamie diamonds, whack economic basis that he just doesn't understand the Bay, the absolute basics of economic theory is supposedly. So sorry, you know, Thomas, we did a for the conference, we did a contest of Bitcoin revolution, and you had to write stories about Bitcoin's future, no, like a futuristic ideas of it. And one wrote a story, which was very nice, which was called petalison, and this guy was mining the stars, yes, with with these machines and and trying to get the zero 0,000000000 one Bitcoin that was brought by this mining of the stars and that meant a huge amount he wanted to mine himself like a sort of mining of this. So what would happen 100 100 years from here and and how relevant we did be a zero 0,000001 or the because not mining is not non-fist, yes, or the zero 0,000001 fees that come with mining without a without the Genesis. Well, without the Genesis of the first no Genesis, the coin base, yes, without coin base. I think it's really guessing and science fiction stories are very nice in this scenario, but I really like what Robert said also, I mean, we should expect an intense we have got something we have. We have a different approach towards things as humanity, I also do hope that. Yeah, yeah, and I think the big the only folk that really happened is more more decimal points, probably happen. Or decimal points could even extend the 21 to 44 argument as we could then fork into even smaller block rewards that seem ridiculous now, but might be really valuable to them. However, prediction of the future there will be forks, but they will fail it's the old collectors theory, I want the first version, I don't want version two or version three, I want the original. You can't fool me and give me that crappy phony money that Bitcoin two or Bitcoin three year Bitcoin 33 whatever they decide to call it, I want the original. We're running out of time moving on to predictions or story of the week, but also are you ready with a prediction or a story with a week maybe let us know how the law Bitcoin went this year. Oh, got to unmute yourself. Sorry, I haven't been reading much about the space sorry for that. But yes, I don't know if you said I could give a brief of synthesis of how it was for a bit, but this year in Latin America, we had the Latin American middle conference and being November such a bad moment for the space we had 10,000 attendees. So I do expect I don't think that even though the things seem like they're going bad, yes, in the space, there's a lot, a lot of people still interested in finding how to start in this and how to how to become a player in the space. So I had a nice forcing of what will happen in the crypto space in the very in the next years, I mean, I don't think that the bad situation and the ecosystem and the people losing money and the FTX and all this. It's really what Bitcoin is or what the crypto space is, I think there's a lot of still involvement and creativity and really love of investing the space. I'm glad the conference went well, it sounds like a fantastic time. Robert, what's been going on with Bitcoin in France? Well, we are relaunching the show while we've been working on, we'll see when we actually relaunch, although we are making good progress, so I'm happy with how the work is going, but for those who have seen the show originally we we are redoing it for family friendly programming it'll be PG type rating. And it's going to be eight episodes and we're going to be launching it probably some of it will be behind a paywall we're thinking probably to use patreon I know there's some Bitcoin and even lightning enabled products out there that are trying to move in that direction, which of course I would prefer to use, but patreon is quite a bit more polished and we you know we want to make sure we can get this out to as many people when we do launch it. So you know, maybe it'll be a few more months perhaps, but I'd say definitely by the summer of this year we will launch in a very excited quality and every direction is way up so better animation better storytelling. I think we've really matured as a team so I'm hoping it'll be something that the community can be proud of and can use to kind of orange pill people and you know get people who might not even care about money or things. Bitcoins related just the fact that it's it's really a that kind of a heart touching story you know it might you know it might be something for a broader audience that could then get people sort of in the door a little bit to think about these things so i'm real excited it's it's going to be good when we launch. That sounds great Robert I love the old show and I look forward to the new ones we used to kind of have like watching parties or get everybody together we say oh you haven't heard of this yet and sit them down in front of the YouTube and just watch all the episodes so we're done so i'll be great to see more family friendly version get out to a larger audience and you had trouble before with a shadow banning and all that kind of stuff so definitely yeah. Josh the goal of the prediction or story of the week good. No but I do want to say I really enjoyed the cartoons but also you know people I say this at any time you want to ask me what conference is a good it's always the two of them which is red offers a little bit conf the best conference in the world and the second one I'd say is the the it's a very small conference but it's the. Mallorca blockchain days also really really cool so those two conferences are just awesome but offer you you always put such effort in to make a wonderful experience and you trailblazing to during the whole last two years you even made a conference that was in virtual reality which is just just amazing and. So yeah and it's it's a tough game it's probably one of the toughest games around you know i'm i'm it stresses me having a party because i'm like will people rock up you know and and yeah it's it's a passion project for most people that organize you know proper but you know not some of these industry style like industrial style conferences which are just run by. Yeah people that professionally put on whatever conference you know fridge conferences you're you're you put on quite a show so the next one I'd say people get your tickets early because it's it's definitely worth while and culturally enriching you you learn a lot it's always in a different part of Latin America so I dig it's great. Thomas I sent you a link I don't know if you want to share this very short video it's not about the conference it's it was the launching of the that it's very nice it's very recon focused I think you enjoyed it's very short all right we're going to we're going to play this one minute video the last. The last video we played from law bit conference also very good it was like an animation had the moon and all kinds of stuff so hoping for good stuff here's law bit conf 10th anniversary. We can even expect out. It's waiting to keep on the beach right now we're in a super bubble that's about to burst. Only 21 million this is a tough issue for a kid. So both things can't be true. Gary I Gary to you we believe in cold and math. I think it's a revolution. Honey badger doesn't care. We can't forbid us for coin drop alive. It's over so coin. This coin never dies the big 10th anniversary joy. Amazing amazing. That was great man. Perhaps even foreshadowing the world cup victory. We did we did we did we did. The event was soccer related. Yes and the t-shirts and everything was ever related. And finally Argentina won the workup so it was. A round thing I think in four years I will do it again. Perfect timing perfect timing great video and a great conference like Josh is saying one of the best for a long time. I think one of the first Andreas videos I ever watched was from law bit confi had the big Bitcoin letters in the background. I remember just totally blown away by what he was saying and pacing back and forth doing his Andreas things. So thanks to everybody for joining us given us a thumbs up down below and subscribe to all the YouTube stuff push the bell. Hello to the chat and give us a comment if you're watching later on until next time bye bye.