The Bitcoin Group, the American original. For over the last 10 seconds, the sharpest satosies, the best Bitcoin, the hardest cryptocurrency talk. We'd like to welcome our panelists, Dan Eave, the crypto raptor. Hello, sir, Friday folks. And I'm Thomas Hunt from the world crypto network, moving on to issue one issue one Bitcoin briefly rises above $24,000, extending its New Year's rally amid a broader gain in tech stocks. That's right. Dan, the price of Bitcoin is back. What do you think? Is this the real rally or is it possible that it could still go lower? Well, I mean, as like I've been caught out by in left field, it's went out of left field, whatever the saying is, because I was anticipating that it was, you know, as January historically has been pretty poo for Bitcoin. And as this article says, this is actually the biggest, the most secure, what's the word? It's the biggest January pumps in 2013, which is pretty much when I got into Bitcoin and thought to myself, nah, Bitcoin's not going to go out that much. I'll wait to buy some. And then obviously it got it went up a lot more. So 10 years on plus 10 years plus on, and I haven't learned from my mistake. But obviously there's a bit of a wider gain from the tech stocks. So Bitcoin's, you know, I would say riding on the curtails of that, but it just seems to be there's the interest rates going up. Then maybe people are thinking, well, inflation, although they want to put the interest rates up to curb inflation a bit, it's not going anywhere for now. So might as well keep on putting your money into Bitcoin. But ultimately, you know, it's, it's 24,000. It's still about third of its, which is just under a third of it over a third, but sorry, of all time high. And I think people can see that it's very much a discount right now. And I was hoping it would be a mega discount about half this price. I was like waiting for 12k. But no, it's, you know, the thing is, you've got to think to yourself, is the dollar cost averaging really does work? Because if I hadn't just actually dollar cost averaged instead of waiting for a massive fire sale, then things would be different right now. But there's still time, you know, I think people are still thinking that this is a bit of a, a ball trap as the technical analysts say with their triangles and such and protractors and all those things, all those things, and that they use for their charting. So maybe there will be a bit of a pullback. I don't know. But I'm hoping there is obviously so I can actually get some, get some stacks and sats. But either way, Bitcoin's here to stay. It is amazing. The Bitcoin never does what you want it to. You always want it to go a little lower. You always want to get a piece. And like Dan saying, that is the real power of dollar cost averaging. If you're buying like $100 a week, you'll get a taste of each one of the buys. You never know when a crazy event like this happens where Bitcoin goes up 30% in a week or whatever it just did that kind of thing. And if you get the benefits, if you're in the market, I did have some low indicators there. A friend of mine told me Bitcoin was dead. And I was like, oh, I should mark that on the chart. That's impossible. And really we've gone nowhere up from there. A lot of people use Kramer as an inverse indicator. Kramer said, get out of crypto, sell everything. And a lot of people have marked that as the bottom. I don't know if this is the true bottom or the end of it. We've had people like Kathy Wood with her investment company coming out saying that Bitcoin could go to $500,000 and she put another 1.5 million of her investment money into Bitcoin. She was also buying Tesla and Coinbase stocks at the low as was I, but with far smaller stacks. I think Kathy Wood moves around some heavy money. Dan, what do you think about Kathy Wood's predictions and more on that? Well, I think was it this week actually that Coinbase won their appeal against the SEC. So that I mean, they're actually, wow, they're actually eight to eight percent down today, which is interesting. Well, the days is a stock thing, but yeah, Coinbase went up 25% yesterday, matching Facebook for 25% or meta for 25% up on the day. And yeah, because Coinbase won that lawsuit. They got the government to dismiss it. I think it was about their earn program. And what the government said is that it was basically, it was just marketing. What's the court's decision is that Coinbase didn't actually give out any loans. So there are no penalties to come down here. They attempted to offer the earn program, but they were blocked by regulators. Yeah, was it Coinbase that brought or earned the earn used to be 21.co, right? Is it was it 21.co? They did buy 21.co and they earn it can also be confusing because I think the Winkle Vi with their Gemini had an earn program. And that's currently the thing that lost all of its money allegedly through Yeah, Genesis trading, which gave the money out to FTX, which gambled the money on hot dogs or something. So yeah. But it seems like, you know, it does, we've reached or actually passed that part now where essentially you're up for 13 months. If it's the end of March, so 13, that's like 13 and a half months away from the next Bitcoin Parvning. So it really is, it really is coming very, very fast. I mean, it seems like only yesterday we did like the, the halfening show in 2020. And it's 2023 time absolutely flies. So it's not going to, you know, Bitcoin's not going to stay low forever. And although no one can, you know, it's very well, say no, someone probably did call the bottom, but very few people can call the bottom. So you just need to wait for a period where Bitcoin seems lower than, than it should be, right? And it should be higher right now. I think that there was extra turmoil laid on by the old, the, the, the, the, the, the, great war of Russia and Ukraine. And that's had a lot of lasting effects. And I think that we probably should have been, we probably, yeah, I don't know, maybe we should have been a bit higher by now if it wasn't for that. But then that wouldn't be in pattern with the, the 85% loss from all time highs, you know, at 15 months before the halfening. So maybe we are on the upturn. I don't know. Get the triangles out. If it wasn't for the war in Russia, if it wasn't for FTX, I think what's important here is that we're back out of the FTX six month downturn. If you look at that and it can be so hard to try to time the bottom of Bitcoin. Usually it's when you feel the most despair. When you feel like selling, that's usually when you need to buy more. So that can be very difficult for people to do. That's why you wonder why people are hotling. And it seems like such a stressful strategy because you lose all this money. But then on a day where it goes up, you're like, ah, that's why I haudled because I didn't know it would be Tuesday. You know, I, everyone's like, oh, if only you just invest this or that. If you're hotling, if your dollar cost averaging, you get the advantage of these ups. But you also see a lot of downs. Whereas people who had a stop loss or something like that, you'd be right out of the market, but you'd be right out of these ups. The altcoins went up as well. Ethereum following Polygon, AppDose, some other ones went up crazy. But it's time for you, Dan, to compete against the Bitcoin predictor ball. The price is Bitcoin's been up recently will it be higher or lower this time next week? I'm selfish purposes. I'm predicting and hoping as low. I will continue to stick with higher. I've been pretty bullish about Bitcoin. But if you have that Kathy Wood long term approach where you're like 500k, a million dollars, you know, what's a, what's a couple thousand here there? If you're going to go to that level. So here we are. What does the ball say? This is the baldest, truest predictor we just had Groundhog Day. I didn't even get to watch it. I love to watch Groundhog Day again. But here we are. Will the price of Bitcoin be higher this time next week? Yes. Definitely. Yes, definitely. The ball has spoken positivity rules the land moving on to issue two issue two Bitcoin community erupts in existential debate over NFT project. Ordinals, some are calling the new protocol, which stores NFTs a K a J pegs on Bitcoin and attack on the blockchains original mission to conduct financial transactions. Others say the new use case should be embraced along other demands for block space. Thomas Hunt. I have to call on myself here. So I guess this is possibly possibly partially my fault. Also Theo Goodman's fault and rare pet base fault. We all wanted these collectible trading cards and we all thought it was fun. And what we used to do is things like the inner planetary file system. You could store your file in there and you could just store a link to the file. That way you would have to store the whole file. What they seem to be doing now with ordinals from what I've read is storing the entire J peg in the Bitcoin blockchain. Now there's a great back and forth debate on this with Luke DeShire, not Dash Jr. And it was they were going back and forth. And basically because of segwit, the blocks can look like they're official, like they follow the rules, but only contain a J peg. So if you're willing to pay to put the J peg in there, you can buy the block space. So it's like a market. It's a whole thing. Now does this make the blockchain too big? Does this go back into the whole big block, small blocks thing? Does it push out other legitimate transactions? People actually using Bitcoin. Yes, it does. Yes, it's going to be a problem. Yes, it's a big complex mix. But people want to collect their trading cards at the very core of this. These are similar to colored coins that we used to have or the idea that Satoshi's could be numbered. And it's something that I've been talking about for years with the whole segwit debate back and forth. This does help having the Satoshi's number. It does help does help things like Carpellis with Mt. Goxways, like the money stolen and we're like, well, it was Satoshi number 105 that was stolen. Check your list. Do you have this one? So on and so forth. It helps for a lot of things. It hurts for a lot of other things. That's why it's such a great topic. I wish we had more people here to debate. Dan, Eve, what do you think about ordinals adding JPEGs, NFTs and basically a whole lot of data to the blockchain? Well, it's definitely, it's definitely kicked a hornet's nest, right? The, I mean, so Luke Tashiro has been, he's been advocating for smaller blocks for a long while. Maybe that's because he prophesied he saw this coming that it would be used for, for, you know, for non financial transactions. And I think he's tweet went and someone said, you know, how did they, how did they manage to do it? If it wasn't, you know, in the rules and he said by lying and tricking the code. Well, that's just brilliant. Like, but you know, the end of the day, it's a difficult one because it's a, it's a, it's a free market, right? So it's a free, free market fee market. So if people want to pay for the block space, the miners can pay for it. There's obviously, you know, there's been a bit of outbrew about people saying that these transactions should be censored when maybe, you know, the better approach would be saying, if you want to avoid using the censorship word, but, but, that they, they, they, they, I would say it's difficult to avoid the censorship. But if you don't want to in they educate people as to why it's bad, but not say the sense, you know, the C word, the censorship word. But ultimately, there's other people that are advocating for it because they're saying, you know, this is going to drive up demand for block space. And, and it's going to improve, it's going to not improve this, it's going to make the fee market compensate for the block for the harvining, right? So as the, as the block rewards go down, there needs to be real demands for the via fees for the transactions so that Bitcoin can stay healthy and secure. So I can see kind of both both sides of both sides of the, you know, the discussion. Someone else to be clear there, Dan, you just said that NFTs could save Bitcoin. That's, I was not in paraphrasing. It's, it's, but no, no, technically, yeah, I mean, that's, that's a thing, right? If people are, if there's a discussion about the fact that the block, the block harvining could be a threat to Bitcoin, because the mine is up to be paid enough fees. And if you're putting demand in other ways by adding other utility, then, you know, this logically, you would increase the fee struck, increase the fee incentives and therefore, um, make help bolster Bitcoin security because, yeah, well, you know, I'd like to thank the academy. I'd like to thank my agent and all the little people out there. When we had the idea and we said, Hey, let's bring art and collectibles and baseball cards and fun to the blockchain and sure we brought it to Ethereum. Other people brought it to counterparty and we all traded all those cards together. Who would know? They, you know, mere five years later, people would say, Hey, we can solve the Bitcoin fee market problem with NFTs. I'm excited. I think it's great. I think it's a cool idea at the end of the days, it's using Bitcoin for more than just financial transactions. Obviously, that's some people deemed that as an attack on Bitcoin. But one thing that that was brought up in the coin base article was that people are likening it to, to, to, to, what's the word to the, um, I'm trying to think now. So the center of transactions is, is, is being likened to just, you know, it's, it's taking it beyond this. It's an original use case of money and therefore it's, you know, it's defaming Bitcoin by it and not necessarily a tack on Bitcoin, but it's an attack on the, it's use of as a financial instrument because you're impeding it growing as a financial instrument by using it for other, for other purposes. So, you know, it's going to make fees more expensive for people that do want to use it for just, you know, normal transactions. Now, obviously we've got Lightning Network that, that makes the, the fee structure or the fees are a lot better and makes you help you transact Bitcoin for sub pennies rather than, you know, paying for, you know, a dollar or whatever the average transaction is at the moment. But, I don't know, the moment it's, it's, it's difficult to, to see from my perspective, how this isn't kind of a positive thing. I mean, it's definitely sparked a bit of a bit more debate in, in the open, in the open arena, but, and if people, miners want to, one of the sense of the transactions they, they can, but ultimately, that miners want to make money and I know that people say, oh, I'm mine because I want to secure the network, but miners need to make money. And so, if you're going to take a fee from some guy who's put on a monkey JPEG on Bitcoin and it's going to give you more money than someone who's paying for a normal transaction, then you're going to take the monkey JPEG. Exit question are NFTs, ordinals, good for Bitcoin, Thomas Hunt. Well, I don't know if they're good, but I think I agree with Dan that they're fun. They're exciting. They're different. It's happening to everybody. I like the way that this kind of collectibles idea keeps coming up in everybody's faces. They're like, well, I never thought of it as a collectible, but now I have to because maybe these are collectible satosies. Maybe they are really nice. Maybe one time Adam backs and use some satosies and you should have saved them. I don't know. Maybe Peter Todd bought a hat off your brother. All kinds of things happen and people get collectible satosies, but now they'll be able to mark them with a JPEG. All they have to do is buy a whole block, which I suppose will cost more and more in the future. So I'm going to go with good now, probably bad later. It's like tribbles. They're cute at first, but they get out of hand. So I could see some kind of limitations. Maybe one of every 10 blocks is reserved for financial transactions or one of a 10 blocks is reserved for Lightning Network to get those packets. Through some kind of moderation, but again, that would probably be a hard fork. That's probably going to be new network rules and a whole nother battle to the death. So I don't know how they're going to solve this except that it might just be a fad and it'll blow over, especially as a block prices increase. Maybe it's time for a happening. I would ask the to see Dan Eve. What do you think are ordinals Bitcoin NFTs good for Bitcoin? I think they're kind of good in the short term in engaging and getting attention from from other people that were using say Ethereum, right? It's getting more people learning about the technology. There was like a meme I saw the other day about, you know, ff heads scrambling to learn about Bitcoin and how ordinals work in order to get, you know, to use Bitcoin. So it's kind of it's it's gravity of the gravity of using Bitcoin is is is helping out, you know, get people pulling people from other chains that that kind of thought, f was that you know Ethereum or whatever is the only place to have your your NFTs. But long term if if Bitcoin does become, you know, the financial the great financial savior that we all believe it to be ultimately the financial transactions will probably dominate and you'll see that the NFT transactions are so few and there'll be only for the most expensive of those NFTs. You won't have cheap JPEGs for example, you know, it would be like the, I know that the board eight yacht club of NFTs only that would be you know the hot the top tier NFTs that would be appearing in the blockchain because there's just would be it would be too costly for people to have cheap crap filling the book, filling the blockchain out. It would be like the most, you know, what's the word yeah the most extravagant NFTs that you'd find on Bitcoin simply because of the price that it would cost for block space. Now you just advertising now you're just making it happen the most extravagant NFTs the ones you must get the best ones will have to see moving on. Check out worldcrypto network.com where we've got 30 30 videos that's right 3000 and 30 videos we started about nine years ago isn't that amazing worldcrypto network.com it's entirely free and it's on YouTube. Issue three, Domus pulled from Apple's app store in China after two days yes there's a brand new Noster client in the house it's called Domus like Noster Domus no one's going to get that but we'll explain it anyway. It's a great app it allows you to use the Noster network which kind of seems like Twitter but is really called notes and other stuff relays something like that and it's a great service Ben R right here on the world crypto network helped start it with the help of Fiat Jeff and many other great programmers on the internet and now it's gotten to the point where an easy to use iPhone app is available in the app store there's also one for Android of course for little more. Of course for a little while. It was very popular in China people could use end to end encryption to talk to anyone they wanted but of course China crack down on it I heard it was also one of the top apps in Hong Kong i'm not sure if Hong Kong has banned it yet either but still this is why we can't have nice things but it works in much the rest of the world Dan Eve what do you think of Noster Domus and the rush to replace Twitter. I feel a little embarrassed now because I didn't know I didn't click about the the the darkness being Noster Domus that's that's really quite cool and it was only a matter of time right Chinese so heavy on their censorship that they have to crack down on this because they really don't like dissent as we've seen you know for the years and especially with the kind of the lockdown COVID visits where where you know people would were live tweeting their situation and they'd have. You know the government turn up at their door telling them to do a tweet you know so it unfortunately it didn't last very long but soon enough there's going to be other different there's going to be other different implementations and people will find their way around it as they as they always do just like mine is fine that found their way around sneaky ways of buying Bitcoin still. In China obviously on a much lower scale but you know ultimately I think there's been quite a lot of uproar with with since Elon took over Twitter so you've got people that are itching to find a new channel to communicate on obviously with Bitcoin and the decentralized. You know nature of Bitcoin that's got a lot of head turned and looking at Noster is an alternative to Twitter and also because of the censorship right so people don't like the idea that content should be censored and you should be able to block you know block your own content but just curate your own content without an algorithm doing it for you that you're not too happy with. Ultimately it seems like the user base of Noster I can't remember the specific figures but it's growing insanely fast and it's going to be big it's going to be very very big and it's going to be potentially unstoppable if it becomes decentralized enough so there are still centralized servers I think it was like was it 300 or something running running darkness but the more we creep into decentralizing that. Then the more it's going to become an unstoppable force like Bitcoin and becoming center you know sensor resistant and just different implementations right there's because Darmus is just an it's an interface to Noster right it's not so so we're just going to see it will end up being whack a mole with different interfaces popping up the interact with with Noster and so. I wonder if the other countries will follow suit me even the EU has turned round and said as an organization and they said what was it the said something like when Elon took over Twitter like you've got to comply you know with with our rules and and so if I wonder how Noster would be viewed by by them if Twitter which is a centralized organization isn't censoring stuff then how is an unsensorable. Platform like Noster can affair you know what's their opinion going to be to that so be interested to see how how the EU and other other countries governments react to a censorship resistant form of Twitter. Well that is always the problem with the centralized services like Twitter they always start out really well and then when it's time to censor them or shut them down you know exactly where to go to so they grow really quickly because of their centralized nature they get. Advertising and VC and other funding but they're also open to this government or lawsuit attack I would say yeah Dan nomad Thomas is the easiest way to get on Noster but certainly not the only way so if the Chinese citizens want to work around it they can they're really only stopping kind of low tech Chinese citizens so maybe grandma can't communicate with end and encryption using this weird software but you know the kids certainly can. And you know maybe a problem for them there are a relays where you can pay to have censorship as a feature remember the the downside of censorship is things like 4chan and 8chan and absolute like discussed madness and pissing people off for fun and all that and if you wanted to pay there certain realize already popping up which fulfill what Neil Stephenson wrote about in his book fail or dodge and hell and he was. He wrote about how the internet would be so filled with lies that you would have to get a professional editor to filter your feed so that you could read some truth and also to filter your public feed so that some truth could be out there about you because every imaginable lie would be there and I feel that we just got so close to that so fast I remember just last year a few years ago and the other guys were working on this idea they were describing it now it's here it got name check in. Elon Musk threatening letter when he said no one can promote any social networks but me on twitter and he put and noster in there and I was like wow what are you talking about and. For a lot of the time i'm sure that it's probably pretty easy to run these and I could follow the instructions I could get it installed a bunch is too lazy but by the time this ones out hit the ice apple i store. I tried it out really easy to use as a user you don't know that it's running relays or anything like that it just seems like twitter it's pretty quiet over there still trying to get some followers to get some people chat and get going all the bitcoin people are very excited about it on normal twitter but when you get over to actual noster it's still quiet so we could use a little bit more of that excitement in writing some posts even if they're. Maybe about something else but yeah that's definitely the time for the twitter. Clients the twitter clones to rise up i'm also on the network called spoutable which is very cool it's been started by Chris boozy and the bot sentinel people so they have a big focus on. Stopping hate speech and stopping kind of negative action on twitter so they're going to have more of a controlled environment if that would interest you there's also one called spill which has been started by former twitter employees and which like spoutable is actually both black own businesses so it's very cool it's very interesting to see some alternatives to twitter which was started so long ago at south by south west when they got their big break. And pretty much run by white guys and now bought by a white guy so we are getting some alternatives there and other places no one knows which one will take off and win like dance and noster has been gaining a lot of users especially with this easy to use iOS app. Beyond the bitcoin community though beyond that i'm not sure but if it keeps adding features if it keeps getting better. If it has these relays with the censorship which unfortunately will probably be necessary to talk mainly like house cleaning it's like not like a pinion shaping more like just. No horrible stuff i yeah of course it starts off that way. Really like that mean maybe it made me think that mean like people pay people some people can pay for censorship if they like and it made me think about like govern me harder daddy me sense of me harder daddy oh yeah oh yeah I give you I give you $10 a sense of sense of the hell out of me yeah. It is funny to think about paying for more censorship but on the and i mean that having the whole study and especially the untrue come in because you know if you if you trust your new source and you're reading it and it like flashes up something just completely untrue you naturally get fooled because it's your new source and if you want that to stop happening because it happens like many times today over and over. Maybe you would go for the more censored or filtered or edited or whatever word you want to use echo chamber echo you could if you want if you want to make you if you want to make the echoes more prominent than you can sense the things that you disagree with. Even if they may be factually true i don't just seems a bit i dare I say slippery slopey that it says oh it's just housekeeping but then there would be more like well i don't really agree with this opinion so i don't think the people who are running through this note should should have to hear that opinion as well i don't know i think that there's and there's there's a very everything's there's lots of things that are very. Very is you know subjective in terms of you know how you view how you view a particular statistic whether you view it as a good thing or a bad thing and so just by disagreement over whether something has a net positive or net negative effect saying that it's not truthful I think is it can be a bit dangerous. To a certain extent obviously there's bad proper bad things of misinformation like like the the the the the voicemail making recently like i think was it i can't remember who was but the the AI kind of generated voices i think it was trump and it was like it was terrible and it was like and he said. But he was i can't even remember exactly what's about that it was basically trump's voice and I saw it shared and like oh trump's gone completely crazy now he's saying all of this and it wasn't actually him it was a generated so there is a definitely something where that is is completely made up and it's dangerous to to share and not necessarily about trump something else where it could be an authoritative figure saying something that makes people go crazy and you know that that's going to be kind of. kind of. Accented in a sense it. I think you're right. Oh god I said the same one you see you've already fallen down well I just think that it's not it's not all a slope we we're going to have some of this. Of that we're going to have a mixture yeah systems because like you're saying these deep fakes can be so real and imagine if you didn't have a filter you'd be out there every news article would freak you out because it would be like Tom cruise is a horrible racist and you would read something horrible. And this person was in a naked thing and it would be naked and this person in it and it would just be the worst imaginable story one after another because of the lulls right imagine if like the guys who are trolling today and they write a couple of funny lines of text or whatever imagine if they could make a full complete video of a celebrity saying a horrible thing and it looks perfect and it sounds perfect and especially as you know our generation starts aging and so forth these kind of like. Mix digital analog generations the people who still believe things when they hear him you know most young people today I would hope. I don't know but I would I would hope that when you tell them something they pull out their phone and they fact check it they're like oh that's not true or they're like oh no that album was released in 1989 not 88 you idiot you know because you could fact check anything but I figure all the people still believe things and if you could flash these fake messages at them. I think you could have horrible horrible results but then there's a lot there's a lot of back and forth on this I think that's why it's a good issue and we'll definitely be discussing it again. I'm moving on to the exit question Dan what do you think what's your favorite Twitter alternative so far. Nostra slash Domas spoutable spill or do you stick with the original Twitter go ahead. I'm not going to lie I haven't really explored other options I just I just sit on Twitter and you know I just I just yeah checks them but I don't even I don't really use it for anything more than watching I don't know like random like videos and stuff and like what's it called the dude dude dude winning or something like that I kind of like I tried to watch positive things. No it's the one of like dudes dudes posting their wins and they're kind of like a lot of them are kind of. Dude's posting their W's that's it just like they're pretty uplifting I kind of like like looking at stuff like that that's kind of a quite positive you know like people saving other people from burning buildings and I try and look at the cause because you can just get dragged down especially in a lot of the politics there's so much negativity out there and I find that the more I read it the more kind of negative and ratty of. I get so I try and look at stuff that makes me that makes me smile and I haven't really looked at other alternatives to be honest I haven't spun up no I should do though and I really should do just just to just to give it a try but I think that I I don't I'm quite as you said you know when you have a debate with a friend you fact check it and I think I'm quite good at trying to look objectively. I'm at something and see multiple different sources even if I don't like where the source is that may as long as it provides evidence to contradict you know contradict to prove whatever that it is but I think a lot of people don't make the effort and so they they'd rather just have something be done for them and it's kind of the you know this thing of don't trust verify some people want to verify everything that they do and some people want to just trust a source to do it. But the problem is when the when the person who all the the outfit whether the organization the people that are in charge of doing that verifying for you they can you know they can go hey why so you still got a you can't trust every piece of information from every source because there's always going to be crazy things that slip past the slippery net. Well sadly I think as the the older you get the less you want to try new things I kind of have my set ways in social networking right I got Facebook with the family pictures and the political opinions of my friends from high school I got Twitter with the Bitcoin and some politics and maybe some celebrity sci fi little space action maybe some you know lift off announcements I like when they tell me there's going to be a spaceship taking off that seems pretty cool. That's a great use for Twitter so it is hard to go these new networks it's hard to kind of rebuild your family there to rebuild your social network and rebuild like I'm saying this kind of way of communicating like what do I do on on Noster you know do I put family pictures up do I put movie reviews like I'm not sure what it's for yet like obviously I think what dancing if you do have a reason if you do feel that you've been censored and you've been chased off these platforms you've got to be crazy excited because there are so many more platforms there's so many new ways for you to try to get your opinion across or to just follow people that you like and not to be blocked if those people have horrible opinions or great opinions that just haven't come into fashion yet I don't know but I think it's great to have all these options all these alternatives I'm still with Twitter like Dan unfortunately better or not Elon's done crazy things but blah blah blah blah but the thing that really pisses me off is removing the preference of the non-algorithmic feed I want it to just be timeline timeline only chronological don't ever show me the algorithm that's what pisses me off so but I've been with Twitter long time so but we'll see moving on to issue four Craig writes UK case against 16 Bitcoin developers is expected to go to full is going to full trial it's expected for early 2024 following a successful appeal we've talked about this briefly in the past this was expected to go to trial the standards for a trial in the United Kingdom of the opinion of people that I've heard so forth are far lower than other countries so as whereas this case was eventually dismissed in Norway this case seems to be going through at least to some of the final or further stages in the United Kingdom for a refresher this case is Craig writes suing the Bitcoin developers for hosting the Bitcoin white paper among other things I think he also wants them to give him the money Dan is this it fakes Satoshi requesting that the Bitcoin developers help him because he lost his keys to all the money and has no proof and what do you think about the UK aspects of this trial as a UK person yourself. I think it's just it's every court case that happens it becomes more nuts that he's able to continue especially after the resounding win from from HODL not where they basically said you you've you've been caught out so many times producing fraudulent documents that you know this is the almost a joke case right it's a kangaroo court as they say so but what what's crazy about this is that say his claim alleges that the developers I've been producing duties to write or amend the protocol in order to give him access to 111,000 Bitcoin to private to wallets whose private keys were stolen and subsequently erased in a hack that's not that's saying the developers are responsible for my incompetence like because let's face it if he was secure enough he's that much of a genius then then then he shouldn't be he shouldn't be I've got that I feel bad saying that about after loop to share because you kind of thought that this guy would never get hacked but if if he's claiming to have invented Bitcoin then you think that he would be a bit more clever about the fact that you know it with his wallet security especially as Satoshi was so good that we still don't know who Satoshi is what we do know is that it's very very unlikely to be Craig right. So how could someone who's such an amazing sleuth at hiding their identity but you're so so dumb that they're going to get hacked and then just the the goal to be able to try and sue developers but there it's as if saying it's their responsibility that my coins to you know to safeguard my coins or I just think it's I just think it's insane and there they're also saying it's so BSV of just released some sort of what's it called it's a freeze and black freeze and blacklist manager so where you can essentially report someone and then have their coins frozen and then blacklisted and then if you can prove that you own the coins and obviously he's doing that to try and to try and I don't know almost bolster his case that a blockchain can do it and therefore if BSV have done it then the Bitcoin you know Bitcoin core team or the Bitcoin team there's there's no core it's and usually it's word it's Bitcoin it's the main Bitcoin it's the Bitcoin the Bitcoin team development team or developers so team should rewrite the code so that they can unlock his coins and and that's just ridiculous in itself but there's other someone brought up the fact that it's kind of similar to how Satoshi came up with the idea of I think it was like an Eastcrow system and an Eskree system where where a buyer could essentially lock someone's tokens forever by saying that the transaction wasn't completed and they're trying to the BSV is trying to say oh that was Satoshi's you know therefore Craig writes original vision which is now implemented in BSV which is the ability to lock someone's coins you know to get to give them back in fairness like he's trying to go after his coins on Bitcoin actual Bitcoin but it's nothing it seems like from my reading it's nothing like that it was more the fact that Satoshi was just was thinking of an actual way to provide a cool you know of working Eastcrow method Eskree method and that just the fact that someone could just leave the coins in limbo was merely an oversight which is why the you know that that never went forward that that freezing method never went forward but ultimately yeah Craig right is I've said I've realized I've said ultimately like four or five times but Craig right it's not Satoshi it's not Satoshi he definitely isn't because so he wouldn't afford so many documents to prove that he was Satoshi I mean it just and the fact that this goes on it just it just really boils my blood but if if in the in insane outcome I and it doesn't even bear thinking about the damage though to Bitcoin if somehow this court like actually ruled that the developers should change the code I mean whether that could even be enforced how can it be enforced because the developers most of them don't even live in the UK so how can a UK government enforce the the releasing of these tokens via code and I don't know maybe I don't even know how it can be done the logistics of it maybe they would have to gain control of the repo from from GitHub right and and maybe that's how it would have to be done I don't I mean I I don't know I can't even think how you'd facilitate that sort of thing other than the fact that it's just insane and that some some this this you know what's his name Calvin Esk he's got to run out of money soon you know being sugar daddy for Craig writes court cases it's not going to be a good thing it's just yeah crazy mind bubbling it's just insane well you know exactly how they'd facilitate it Dan they get a room full of programmers and then they get a room full of gunmen and the gunmen would stand next to the programmers with the gun to their head they tell them the program and that's how they do it now I read all of Iran's books in high school and I'm not a fan anymore but I hate it when the events of a story make me reference in iron and book because this really does sound like John galt from Atlas shrugged them Satoshi with the great Promethean invention you know strap down chained up forced to change the invention to ruin it to make it less good by lesser men who could never create the invention in themselves like the and Randian echoes write themselves here and that also goes to the core of this and the ethics and the values of Satoshi from what we've read of his writing and what we can see of his code and the attitude of Bitcoin Satoshi wouldn't sue Satoshi wouldn't sue if he lost his coins he wouldn't cry and go to the legal system and all of this it's just completely out of character of the person who designed Bitcoin the way they designed Bitcoin the reason they designed Bitcoin Satoshi would be unfortunate probably the last person to lose their keys and the first person to to game it out to be like well if I have a brain wallet but I get smacked in the head I'm going to forget the brain wallet or I might give it to someone if I have a wallet in a box here if I have a wallet under the cement here if I bury one if I put one in space you know whatever he's going to do Satoshi's going to have a plan for that I don't satis that see to Satoshi losing his coins or her coins or their coins and then suing the government to force the programmers to restore the coins it's just out of character however like Dan said is kind of referencing that both in the United States and it seems from from far away in the United Kingdom if you have lots of money you can sue people so it's important we're just saying allegedly here he's making his claims this is all a speculative discussion even a satire maybe but yeah if you got enough money you can just keep suing you just keep showing up in court you got these gangs of lawyers and they're all very good but very expensive and best of luck to the developers and I hope it goes well but it's going to be very difficult with the United Kingdom's burden of proof which is lower than most other countries but it's surely like if if I was say say you're someone that just kept on calling the police right like about oh so and so has been doing this and there's there's kind of no proof for it like there's a point where the police kind of have to just like stop humoring you right you know like you can't just even there's a free resources it were the you can't just they can't just turn up every time and be like and you go oh there's a there's a pink elephant this guy that like oh we've got to turn up and question him and where was the pink elephant like surely there's a point where the courts go not being funny mate and just because you're paying for this it doesn't mean we have to humour it like you know there's gotta be something like that whether it's some sort of law you could pull of like don't be an asshole like guys an asshole we've you've you've gone over the asshole line we're not entertaining this anymore you've paid so many documents it's not even worth it you know we're just we can't give you the time of day I'm sorry like I do think a legal thing well I mean for the normal people I don't think you can call the police too often they'll put you on the no call list they'll stop coming or they'll just arrest you for something and take you in I don't know they seem to make up the laws here sometimes but I think for the rich people instead of picturing them calling the police picture them private calling a private security company that's designed to make them feel good that profits off of them like you have to pay the retainer whether you use the lawyer or not right so you just keep paying your retainers you just keep paying your lawyers they make money you have money and I think you can keep you know unfortunately you know I don't want to get political but the the former president mr. Trump did sue and was sued by many people was common to use this kind of thing and to use it as innovation as well if you have enough lawyers you can evade you can extend lawsuits you can keep things going long enough to where they eventually just kind of fizzle away unfortunately I mean you know it proved me wrong but it does seem like you can buy your way out of our legal system of course unfortunately the OJ Simpson case comes to mind many other cases where seemingly guilty people with the greatest representation the smartest people working for them get off scot free get off with lesser sentences time and time again we do see this I don't know how to solve this these are complex but yeah that's just mind blowing out you know up with yeah he did win the the Peter McCormack case right he didn't he win like damages of one pound but that's pretty much that only win like oh you can get there so you can so solar van life saying you can get sanctioned or find in the US for frivolous lawsuits so he's done only done one in the US right that was the one was it Miami it does seem to be another kind of international loophole that he's using here where maybe you could see someone once in every country and not have a problem like I only sued you know in every single country once it's not so bad but yeah I mean it's another loophole and again another thing with enough wealth like a normal person has enough problem hiring a lawyer in their own country but these guys obviously have incredible wealth higher international teams of lawyers so on and so forth so that's why we should say allegedly all the time and all of these things because this is a satire and so forth oh yes allegedly I prefixed everything with allegedly you may not have may not have heard me even when I said the asshole line allegedly there's an asshole line that's been over that's been crossed but yeah I mean even the so so so my life saying the law is losing their licenses but you're right if they're just hopping from one country to another it's only affecting local jurisdiction so it's yeah it's he can just keep on doing it until until sugar daddy runs out of money and hard of doing it yeah yeah but bsv or what a shocker savage I look every now and then I look if I'm feeling down I'll go and look at tweeting people tweeting about bsv and then I realized life could be so much worse so much remember remember when they split off bch from bitcoin that was a one-to-one split so you got one bch for each bitcoin so they were equal in price so yeah different time but I think we're running out of time Dan do you have a story of the week or a prediction go ahead I predict I predict okay we go here's a nice easy one I predict that by the end of 2023 I'm not sure I don't think this this court case I can't remember if it's going to be in 2023 or not so they've got another nine ten months whatever it's to plan this court case but I think that there'll be another big public court case by the end of 2023 where Craig Wright is trying to sue someone else for something stupid possibly he's sure he'll be I don't know he'll be suing the shoemakers for providing heels that were too strong and they made him break his hard drive that had the private keys on or something stupid stuff like that I look forward to this international Craig Wright lawsuit a ramah I'd like to see that where it just spins the wheel country to country and then there's that problem where if they can win a certain number of lawsuits they could take over a country they could make I don't know like Blankety Blank Land into BSV country I don't know we're going to be suing someone in Uganda that's right we're going to be taking all lawyers over there and so we're the big court developers everyone knows Uganda is the BSV capital of the world and very happy about it but my story of the week is all about chat GPT I've heard about it for a couple of weeks now and I'm kind of avoiding it because you know I do some writing myself I have to write things now and again and I don't like the idea of the computer completely replacing me but now I've used chat BT GPT and I'm open to it I'm all right with it I think we're going to become description people where you describe things like summarize these articles include the URL and you become the ones who's putting the specifications in into the computer and it spits out the thing I had it write a press release for a friend of mine it was a fantastic press release on the first draft with a couple of minor edits you could have actually put the thing out I had it write some songs I had it write some poems I just had it write a poem about the organs of the heart right before the show it spits it out perfectly no matter what your job is I think that with chat GPT if you see it as a tool something that makes you stronger and allows you to do things faster and to get kind of rough drafts really quickly to get versions of things to say oh write this in aggressive tone write this in a slow tone you know write this briefer write this longer to have those options and to see writing and communication is just kind of a series of dials and tools that you can now manipulate and then push the go button and much like we used to on a C++ you compile your program and it does all these things you don't know what it's doing and then boom it executes your program this thing executes your demand for text so if you've been putting it off or thinking you don't need to use it you need to use it it's even better than mid-journey or I forget the other name the amazing AI image generators which I'm also way into but they don't they don't hit me like the writing one the writing one I'm like oh we could have better summaries for our show with you know more words for the keywords for the articles and if you look below the AI wrote the summaries now the first two are very good the second two are very bad by the room in there anyway because in a way they're better to have the AI summaries than not to have them and I think I just you just kind of keep looking through your life like Jerry Seinfeld said about flex tape he's like I'm just looking for a place to use it in my life I'm just looking for that and I think chat GPT as well as mid-journey as well as whatever the next one's going to be or the old ones I don't know about AI is here it's amazing I think if you look at it maybe it's more positive than negative it can be frustrating if you're like I was going to sit down write some original stuff but instead I jumped it into the AI and the AI wrote it for me so I don't know about that maybe George R.R. Martin can finally finish the gosh darn game of thrown series with the help of AI I'd be open to that or whatever it takes to get those characters home Dan what do you think about AI know you've tried out chat BTGPT and mid-journey and some of the others oh it's it's incredible I mean the chat GPT is and I've done exactly the same as you like write a promotional email for for so and so and it just writes an email for you just let's take the effort out and people could you know back when Google was kind of becoming prominent they were saying oh well you know the problem with using Google it's just it's just basically cheating it's doing research for you and just giving you like x number of resources you know and giving you these shortcuts and and you know GPT3 is doing pretty much the the same thing it's just it's a tool that's helping you come to a conclusion a bit quicker the fact that it can analyze articles and you can you can actually say you know or you are else it can kind of summarize information it's just absolutely yet it's just amazing and I think I agree with you that I was I was fascinated by mid-journey when it came out and they still mess around with it now and just but I go for kind of more I just try more abstract things with mid-journey it's more like you know the the imagine the dawn of mankind and see what you know those things like that imagine the end of time or the heat death of the universe or crazy things like that that draw me you know a multi-dimensional caliber you're like something like that you know like some some some crazy abstract thing that's that's actually difficult to think of or to to picture but do you the chat do you it's the chat thing it's just it's just amazing it's just that I was using it to learn Mongo so the other day I was up until like three in the morning and I was you know I was giving it hints of the tables that I was using or not giving hints but describing the tables you know how would I join these and it would say like you've got to create a project then you've got to do this look up and a match blah blah blah and it just it's just a it's like a teacher that it's the it's an amazing teacher that you've never had or all that you had like one of like all the teachers I think back and think that's a really cool teacher I had that was really helpful I could ask it million questions ask them many questions and and you know they wouldn't get tired of me and and and chat you be too is exactly like that it's you can just ask it over and over again you can get it to do like all sorts of research for you so that you can kind of weed out some of the crap information and just focus on the the interesting information but ultimately I for the fifth or sixth time that I've said that today I just in a years in a years time I can't imagine where we're going to be when you combine these things when you combine the the chat GPT with mid journey with voice you know the voice then like you're you're going to be able to create like you're going to be able to create a human that does all of these things with with their own moving avatar that's just completely autonomous like I can't even imagine what it's going to be like but it's going to be scary because reality is is going to be distorted so much there's already the as we said earlier the voice the voice thing simulates someone and you can barely tell that it's not the not the same person and this is only the early version of it so what happens when that becomes ubiquitous and you know you can't even what if like what if AI like AI grows to it becomes a prankster so that it's like your mate phones you up and you know video calls you and says something or whatever and it's not even them it's just like AI fucking fucking with you like messing you know what when the AI is prank calling you 12 times a day you won't call it censorship you'll be like that's that's necessary filtering that's that's community moderation right there AI can't call be 12 times a day for advertisements yeah but no I agree with Dan I think it's amazing it's like an interactive text you can ask it questions you can go into more detail I can only imagine in the future imagine if you're reading a book you didn't know what a word was maybe a more complex issue like you're reading Dickens you don't know who he's referencing people from the time period this thing can tell you it can tell you and and the thing that I find when I'm asking questions or I will actually go like like beyond like I know Google like Google get me the dear of this the date of this it'll get me to the wiki like there's things I can do with Google but with this I go to like this kind of questions of fancy where I go belong beyond I'm like can you summarize this into an acronym can you summarize this into flashcards is there a better way of doing this like can I tighten the screw easier like I try to ask it things that I don't know and it actually seems to know now again this could lead to a disaster like the old days with the anarchist cookbook and you blow up your microwave or something so obviously don't don't do exactly what this machine does and maybe fitness it has you stretching in properly who knows but at the very basis as a test as a beta software thing right now you can ask this thing anything and and that's that's reminds me of early Google early altavista Yahoo searches that I used to do back in the day when Yahoo is a directory and I also want to give a shout out to character dot AI because months ago we were playing with character dot AI it played this fantastic kind of a text adventure game we're like go north go north and like the spiders come in and then we could give it any kind of prompt and we told it was a Hollywood movie once and we broke through the fourth wall and it also has chat bots and lots of other fun stuff so our more than one company doing this for sure more than one approach it's given us Bitcoin price predictions and it was like and then it was like saying that that it was saying and suddenly don't the price of those exploded and you traded your Bitcoin for those coin and and like and then you traded the the those coin price drops and before it drops you trained it back for Bitcoin then you became a multi-dimensional trillion there and it's like you took over the galaxy the spiders were into web 3 and they had a metaverse and NFTs and we crashed it and it was amazing and it'll go galactic and it's time scale it'll be like 10,000 years 100,000 years later like it's an amazing program and really we should have especially now that we have even more tools to explore we should start having some AI shows where we just have fun with AI and we goof around it and we work with the chat here as well and the chat could give us ideas and we'll copy and paste from the chat into the thing to affect the story or to ask the all-knowing chat GPT AI something or to make a cool image in mid-journey we'll do all that stuff it'll be fun we'll do it as a group you guys can learn at home and you can see us do it if you haven't yet but if you haven't checked out these AI just go ahead create an account on these websites just google chat GPT and character dot AI mid-journey the big what's the big one dolly I haven't gotten access to that but that D-A-L-L I think is the big AI image generator I don't maybe have to pay to get access but try one of these things out there amazing fun like Dan saying you can shoot any kind of idea at it and then see what it says or what it does and really does harken back to the beginning of internet the beginning of computer excitement but just very last thing I'm just waiting for the time where they combine all these things and I can say make me the best South Park episode of all time and it would just construct you like I want a seven hour hilarious South Park episode I guess I guess how close we've gotten someone made an infinite sign fell generator I think I think it does animated animated sign fell characters I think it has the voices like Georgian Jerry and I think that it's written by AI and it goes on forever I didn't click on it I'm a little afraid but it's out there it's a project it's an it's an idea that exists you guys can check out infinite sign fell generator of who knows what the future is in force it's certainly getting exciting we have to hang in there see if we can make it to the singularity and so forth thanks so much to everybody for joining us be sure to give us a thumbs up down below hello to everyone in the chat be sure to leave us a comment if you're watching this later we do read the old comments so thanks so much for that and until next time bye bye