The Bitcoin Group, the American original. For over the last 10 seconds, the sharpest citotis, the best bitcoins, the hardest crypto currency talk. We'd like to welcome our panelists, Dan Eave, the crypto raptor. Welcome to the Bitcoin Revolution. Ben Arck from LNBITS. Hello. Ugly old goat from ugly old goat.com. Howl, howl, howl. Say, say, say, build a build a build a sound money, sound money. Martian Wishmare from general bytes. Hello Bitcoin. I'm Thomas Hunt from the World crypto network moving on to issue one. Issue 1, Bitcoin price rises despite US crackdown, as crypto market gains $84 billion in value. Crypto markets rose on Thursday, shrugging off a tougher regulatory stance from the US government. Bitcoin gained 2% up to 24,500 while Ethereum was up 1.2% to $1,679. There are increasing signs that the market bottomed last November and has turned bullish. Dan Eave, what do you think about the price of Bitcoin? Well, you see, I didn't listen to my own advice and start dollar cost averaging. So I'm still waiting for the drop and it didn't happen so now I'm even more sour. So forget about the price because that's irrelevant. What's really interesting is that it's 13 months until the next harvining. And the hash rate has just been an insane 342 exa-hashes, which is just absolutely nuts to put it into context. Today last year, February 17th, 2022, the hash rate was about 188 exa-hashes, which means it's increased by 82%. So whilst the price is kind of fluttered around the 18 to 25 zone, the hash rate, and again, just in case you agree with the network, is just increased incredibly. And the difficulty at the moment is 39.1 trillion, which is just insane. And like these numbers you'd have never thought of when, I'm certainly when I first started mining in 2013, 342 exa-hashes, incredible. So yeah, who won price because I didn't stock up a lot more. And yeah, on the network going and strengthening and been cementing itself as the, you know, the most solid network on earth. And Arach has Bitcoin and crypto found a bottom. Yeah, I mean, it always bottoms a little bit higher than you think is going to bond, doesn't it? So you hold on to your cash and then you're like, grinding away until it gets to $10,000. And then it doesn't quite make it. And it goes, and then goes up and then you've, you've still sat in cash waiting for it to bottom and everyone else is getting all excited and phone moving and the price is going up. So yeah, I think you bought mine. I think there's this, a lot of it's, this pumps off the back of the, the news about inflation slowing down and people are a little bit scared, less scared with their, their money so the more traders are going something like Bitcoin. And then also the ordinary stuff is filling up blocks and people are talking about Bitcoin again and even if you're not into the ordinary NFT stuff, like it's in the news. So people are hearing about it far as most is, you know, it's there. But yeah, I feel like the bottom was in and now we make that slow ascent to the 250k, baby. Ugly old goat is the bottom in. Are all our troubles over? Well, you know, I will guide everyone to my January 3rd article, which I covered it completely. So price and fundamentals and technical do all work together. And everything pointed that, that was the bottom there in December. And so I did load my boat up in January and happened to be number two in the Bitbex trading contest. So yeah, I thoroughly outlined why the bottom was in. It took a little bit longer than I expected. That was six months down there, but it's pretty well reversed. And now it's just a question, are we going to hang in here a little bit while are we going to catch everybody with their pants down and run up to 40,000 before we know it? Our team wish man, I'm overwhelmed by positivity. Are you also positive about this market? I'm not having some audio issues. Check your microphone. It's still kind of like robot voicey. I'll try the other one. I can't really. It's really that bad. It's kind of like an Atari game. Like it has that in and out sound quality. It's like it's not the first Tron film. It's good. I like it, carry on. It could be all you say. It's a bad trial. Okay, it's the only thing that I'm surprised at. So yeah, I'm pretty much unmoved by all this price action because, you know, people can like you can wake me up when there's a new all-time high. Until that happens, I'm not even looking at the price. What I understood is that the new price hike, recent price hike, was because of lots of people shorting expecting the price to drop and then it didn't. So, you know, everybody was scrambling to get some bitcoins to pay off their loans, their short positions and that caused the price to go up. So I don't really, you know, for me, it's still like a bit of a casino. I think it's best to just, you know, lay low, keep stacking those sets no matter what the price is. Just make sure you buy some sets every now and then. And yeah, the new all-time high will take a while, but eventually it will get there. Let's all cry some tears for the shorter is getting wrecked. And now predicting against the magic Bitcoin ball, the greatest predictor in all of Bitcoin history, Dan Eve will the price of Bitcoin be higher or lower this time next week? Oh yeah. Ben Arck, higher or lower? Higher. Ugly old goat, it's all positive, higher or lower. No, I think you got to go to trend to trend just reverse, guys. He's going lower, martin, will you go higher or lower? Definitely lower. And now we ask the ball. Remember shaking the ball can cause bubbles. Will the price of Bitcoin be higher this time next week? Concentrate and ask again. Concentrate and ask again. The ball doesn't always give answers. Moving on to issue two. Issue two SEC complaint says Doecoin transferred 10,000 Bitcoin from Terra to a Swiss bank. Feds alleged that the Terraform labs founder converted the Bitcoin to cash and is withdrawn more than 100 million dollars since June of last year. Ben Arck, the scammers are back in the news again. What do you think about the SEC going after Doecoin from Terra and Luna labs? I mean, it's to be expected. If you've watched that Bernie May Doff documentary on Netflix, this is someone who is held up as like a financial wizard and a cornerstone of the legacy financial system and yet who's able to run away with like 40 billion dollars or something over a decade. So why in our gray market would you not expect that some people are just going to see the opportunity and scam people out there, Bitcoin and then obviously use the banking system to try and get the Bitcoin out, which is done with this tourist risk bank. So yet another big Bitcoin scam a story, someone who's able to be at the apex of the scaring game and they're going to have more. It's never going to end. I'm not sure how you solve that problem because clearly regulation and all that stuff doesn't work because you're going to still end up with the Bernie May Doff. So yeah, just one in the long run of scammers who would go and exist definitely in our gray market and will always exist in any financial market. Ugly old goat, they said their stable coin was stable and now 10,000 Bitcoin and more are missing. Well, the solution is not the SEC. The SEC should be abolished. My mentor, EC Harwood, he said the three greatest flintals of all time in order are number one inflation, number two is entitlements and number three is regulation. And this is a classic example. You know what, the market, I don't know about you guys, but I was immune to all this. I wasn't fooled by any of it. And so it's really, and SEC didn't help any of us. We figured that on our own. And that's what we do. We educate people. They're not going to listen to us until they learn some hard lessons. That's just the way life is. But to beg of bring a big policeman in that's swinging, he's going to wind up swinging at us and not swinging at the people that need the regulation because of people, just like we saw with FPX, they're going to pay off the politicians as long as they can. And you know, no matter what the government creates, problems they create, they always wind up blaming on somebody else. And so the SEC is the problem and not the solution. Martin Wishmer, it seems like they've closed the barn door, but all the cows have gone. Yeah, who would have expected that somebody who launches a coin called Terra and another one called Luna as in Moon, you know, you get it, get it Earth Moon would run off, run off with all the money, you know, and who could have seen that one coming? I mean, really people who invested in that junk, they don't deserve any better. They were just chasing high yields and profits. And now they're all surprised that the guy did a Ruckpool and he's trying to to loan the money. I first fired Dubai, then he went to Serbia, I was from what I understood. And now he's using a Swiss bank account because you know, the Swiss bank accounts worked for the Nazis during World War II. So they probably worked for him too. So I don't know, no, no, this is like, this is, this is a classic example of a really, really Nazi scammer and you know, a stable coin or a coin called Terra or Luna, you wouldn't book it with your stick with a stick, right? You know, no self thinking individual would invest their heart, earn cash is such a junk coin. Yet still people poured in billions and billions and billions of dollars. It's all right. Insane. I mean, really, like, people should have have themselves blamed themselves and, and you know, the fact that that the guy was able to amass about 10,000 bitcoins. I mean, this is crazy. And this is one of the reasons why you should never leave your coins on an on an exchange. Just buy Bitcoin and put them into cold storage. So even if the exchange you use, your use is is playing with all the shit coins because that's what they do. There is shit coin casino because they make money on their trades. Then your funds are not at risk because you withdrew them. And an exchange is not a bank. And as long as people play the shit coin casino, they will be they will be victim of of of of your scams like this. So yeah, yeah, no, I was never really excited about Terra and Luna. And for the reason I'm not excited about most of the oldest DeFi nonsense because there's nothing finance about DeFi. It's just big, fat Ponzi scheme. So yeah, okay, I don't know about this. But it's good to crack down on it because it should be forbidden because Bitcoin is the only only only real coin in my opinion. It's my personal opinion. I do do any of the shit coin casino as I've told you before on the show. But no, no, no, no, no, no, no, no, no, that is coming. Swiss bank accounts. They're good enough for the Nazis, just like they used to say in the ads. Dan Eve is Doke on the greatest scammer or just a great scammer. He's definitely quite, you know, what's the word cocky about you? I think he even did an interview with Laura Shin. I might have been today, but she she asks a very pertinent questions there about the downfall of Terra Luna. And the fact that you know, she asked about the faking the franchise transaction data, which which you know, had a significant sort of contribution towards is it's more run before the before the downfall, trying to get into her apologise. And then also like she's trying to find out where he is because as Martins said, he sort of skipped from country to country and she's like, you're in Singapore. And he's like, well, where are I am? I'm not on the run, but where are I am? Isn't quite, you know, relevant. Where are I, where are I residing right now? But even the SEC in their in their sort of statement, the fall docs, they they mentioned Doke on Street saying that he would kick out while investors sat back and watched the rewards roll in as the repair is that. But he definitely said kick out. So that's the main thing. So, but it's sad, right? People, people chase the money and they lose, you know, they're chasing the high yields, this Martins said. And it's sad when people lose money, even if it's to an obvious scam like, you know, Terra Terra Luna. But ultimately you shouldn't chase yields, you know, Bitcoin is the is the high yield, especially against, you know, inflation, you know, you don't need to, you know, sacrifice anything other than holding your own keys and then not risk for your assets being taken one never, but our selfless, else. And I actually, when Terra is like, you know, six cents, a lot of it, you're seeing and then even lower than that. And now it's like 0.2, it's two cents, two cents, unfortunately, right now. So sadness to all the people that tried to catch the falling US T.C. Terra knife as well. Dan started to go a little bit robot there with the internet, but it's a it's a very philosophical answer from Doke on wherever you go, there you are. Moving on to the exit question, we have exclusive information here from the Stanford daily. The two Stanford academics are named among the SPF bail bond co-signers. Stanford law school dean emeritus Larry Kramer and Stanford senior research scientist Andreas Papke signed Sam Bankman frees bail bombs as guarantees. According to court documents made public Wednesday afternoon, the two academics put up $500,000 and $200,000 respectively. This is still far less than the $250 million demanded by the judge or even 10% of the 250 million, which would be 25 million in guarantees. Still, SPF is free watching the Super Bowl on his VPN, angering the judge instead of just purchasing a new United States based Super Bowl package. And also they say he's playing League of Legends, which they might take away from him. And they're worried that he's contacting other FTX staff members through signal with disappearing messages. Ben, Ark, what do you think about two more Stanford academics hold under the bus of Sam Bankman freed? It's a funny one isn't it? Because like, why there must be some legitimate reason as to why they would muddy their own names by supporting such an obvious scammer. And then it's what it's like. You're a really good student in class. He raised his hand all the time, you know. That's an excellent recommendation. They say he's like a family friend and it's like, okay, well that kind of makes sense because this is a privilege rich kid, like takes everyone's money. And then, and maybe this is why he had all that backdoor access because he's from just some, you know, well known American family blah blah blah. That's a very like legitimate, you know, scenario. The other scenario may be that they were involved in mistrading or something or I don't know. I always remember when the cracking guy, what's his name you'll make? He said to me that the most successful trader was a professor on cracking. And I always liked the idea of this professor like, you know, just going home and slamming everyone in the in the trading. But I think probably the first scenario is more likely that he's just kind of like, he's got ties, he's got his rich kid and these people are going to come in and try and tell them out, you know, it's one of their own. And this is why he was able to get to where he got to and just shows that, you know, even though he was touting like a new wave of technologies, which you're supposed to make a fairer world that he was just going by one of the old legacy systems. All the book was one of these legacy institutions, one of these legacy families. And perhaps that's why he's where he is. But yeah, it's a lot moved from them. There must be a good reason for it. Well, they have said that Kramer is a family friend and that they were helpful through suffering through cancer with the other guy, Papki. They said he was involved in the effective altruism that Sam was a big fan of. So these are, you know, longtime family friends. But Ugly will go, what do you think about them signing up to get SBF off? Do we have such high great ethics and character at Stanford that we just support the Tiger King of made-off scammers? Well, the Department of Justice and also the judiciary, but I'll primarily focus on the Department of Justice is probably the most corrupt enterprise in the world. And it's all hidden in, and it's very difficult to unravel the beans. But I've been through the system and I do know how it operates. And the, it is a corrupt system in the sense that even if you take someone who I think was wrongfully prosecuted, who was Arthur Hayes, he was treated much differently than the average person is. Most of us, I've been through it and I was considered both a flight risk and a danger to the community. Of course, my ex-wife was telling how dangerous I was to everybody. And of course, the police were up there caught and, anyway, I can't. It's so thoroughly corrupt. And my witness is actually, my son testified on my behalf and he was called Trent from the US Attorney's Office and suspended from school. Well, that's a felony right there. You cannot retaliate. He can't stop federal witness, but it goes on all the time. I knew this 20 years ago and people are just waking up now. So it was just the top of the FBI. No, it's not. The whole FBI is corrupt. And I've checked enough prisoner cases. The, the drugs and the money never match. Never. I examined probably close to 100 cases. And the honest FBI, the ATF FBI, whoever the agents are, only take the money. And the corrupt ones take the money and the drugs. But they never match. It's a perfect game because if the, if the criminal complains about it, then his sentence gets up because, oh, you had more drugs? Okay, we'll give you more years. It's kind of the perfect game. But it's so corrupt that I really, I hope the American people are waking up. That's why a lot of people think that America is going to fall. It's already falling. You just don't realize it yet. It does seem like SPF is getting a lot of favorable treatment while many would be in jail. He's at home playing video games watching the Super Bowl. Martian Wishmare, what do you think about SPF and the two more Stanford academics who have signed up to stand with him? Yes, I, I'm, it continues to surprise me. This guy should be in jail and should not have access to any form of online communication because that's, you know, how he did his crime. There's lots of things that aren't just wrong here. And, and as Goat said, Arthur, like Arthur Hayes from what was it? Bitmax? He was like immediately put in jail. Well, this guy flies first class from the Bahamas. He even takes his socks off in flight. I mean, the, and his shoes off. That should be prohibited by itself. Nobody takes their socks off in flight. That's like so rude. I mean, and he still walks free. How is this possible? You know, no, no, no. If you, if I would be the judge, he'd be in jail. Maybe give him an extra bar of soap, but no online access. Definitely not online. I know online access. Dan Eave, the real problem was the socks, the socks. Yeah, they should have made him wear two pairs of shoes on the plane and as a real punishment. But, no, I'm with Martian. It's crazy how he still acts, has access to like, you know, he's online. He's, these are the tools that he used to defraud the world. So, you know, to treat him with such kick gloves and all these interviews and, and to not really come down harder than him, like the criminal he actually is. Well, clearly is. It allegedly is. Whatever. It's kind of, he kind of admitted himself like that he missed mixed funds. So that's, that's kind of a dead turn now. But the bond itself is like a joke, you know, he gets to chill out and ask for the, you know, a nice house with a spanky pool, he gets internet access. He may have jeopardized it a bit right with this using a VPN to watch the Super Bowl and whatever he used to. But the fact that he's allowed to have the internet, we've got other people that, you know, that are in jail for far less crimes without bail. So, that's, that's pretty sad. And don't they only have to pay the guarantors if he skips the country, which makes it kind of, you know, that's a bit of a fast really. But ultimately, like Ben said, it's not good for the reputation of the, the place from Stanford. And, you know, there's, there's obviously lots of different theories of why they put the money up for the bond. But my favorite one is that if you see a picture of Andreas Papke, if that sounds pronounced, side by side with Sam Bankman Fried, they pretty much look like they are far better than son. It's quite obvious. And maybe that's, possibly, that's got something to do with the fact that they're putting their necks on the line. And then one guy's got, got down on the other guy. So he's like, well, we might as well go into this together. But yeah, have a look at, have a look at, Andreas and Sam Bankman Fried, side by side and, uh, and make your own judgment. It's been a fascinating case. We'll have to see how it turns out. Moving on, you could check out worldcryptoneatwork.com where we've got 3,000 and 32 videos, more than three months, 14 days and 13 hours of content. You could watch it straight for three months. Moving on to issue three with Bitcoin integration. Noster could redefine social media, a glorious article from zero hedge by Tyler Derton, celebrating the Noster or notes and other stuff relays protocol, which is allowing people to create a decentralized Twitter. As it says in the article, all the way at the end, the Noster protocol provides a stark, simple contrast to the high levels of censorship and guardrails were used to seeing, which is what makes it an entirely separate entity from social media as we know it. We also of course talked about Noster two years ago on the world crypto network with Ben Ark right here on February 7th, 2021 when Ben was working on it with Fiat Jeff. And Jimmy Song has just declared that it's as important as the computer, the internet, Bitcoin, and now Noster. So I think we'll go to Ben Ark first. Ben, what do you think about the growth of Noster? It's been adopted by Jack from Twitter and Snowden. It's trending constantly with 3,000 tweets behind it in the UK. Noster is taking over the world. Yes, on a run page though, isn't it? We have to check out. I mean, Jack Dawson, I'm like, he really showed that I think when Elon Musk weaponized, they're releasing the Twitter documents. And then people started to think, well, you know, Elon Musk with, and then Elon Musk went and fired like a whole bunch of Jack Dawson's friends, Jack Dawson's like, okay, step up here we go. Now, because for the whole time that Jack Dawson was running Twitter, he also had the Blue Sky Initiative, which was just trying to make a decentralized Twitter. But obviously, you know, his VCs and investors wouldn't be too happy if he did that, so he couldn't really do it while in the job. And he just needed a good excuse, Elon Musk gave him a good excuse to back a good project. And he looked at a bench and then he found that Noster was probably the most likely wants to be able to succeed to give the world what it needs. And that's to make some of these services we're showing by big corporations, commons owned by users. And a protocol, and that's what Noster is. It's no other stuff, relays. I mean, it's just making use of public key crypto web sockets. And that's more I said, to be honest. So like, one of the, and this is all documented in the in this on this channel, which is why this channel is so important. So that's the client, which you showed from two years ago. That was the first Twitter client, which was made on Noster. Actually, Noster's far more powerful than just Twitter. And a lot of people aren't realising this, again, all these Twitter clones being created currently. But actually, there's a whole bunch of other use cases for Noster. So in fact, some of the ideas which came from Noster came from one of my own projects, which is Daeguon Ali, which is a decentralized marketplace, resilient marketplace. See, it doesn't matter if you take out sort of things which can be targeted, like the system, so will persevere, it will still be resilient by using public key crypto. So each user has their own public key private key. And this is something which all those Bitcoiners are used to, but the rest of the world isn't used to. And actually, public key crypto is the revolution. And Bitcoin is almost like a result of that revolution in cryptography. And so it's Noster. It's a result of that revolution in cryptography. It's very exciting. It's very cool that Jack Dawson gave it a good boost. Now, there's a whole bunch of people with their eyes on it and investing money in, I know a bunch of funds, which is saying up right now, investment funds, VC investment funds, which are going to be Noster Centric and will be focused on Noster. Being the owner of Noster.com, I'm kind of happy because I'm like one day maybe I get to pass it on to Jack Dawson for a decent sum. But no, it's super exciting. It's a very powerful protocol which could have, you know, it's what the world needs, what the internet needs. So yeah, it's on the Twitter use case. If you're a, if you're sort of user of Twitter, you have a public key private key. You just sign a note with your private key, publish it to one of these relays. And then people who were subscribed to your public key, then receive those notes. And they can verify these, you who signed it. And then using, you know, just crypto stuff, you can encrypt those messages and you could have direct messaging. So it works really well in Twitter. But in Alan Bitts, we have Daughern Early, which was the original, the film which kind of influenced the creation of Noster, which is the marketplace. And in that use case, the merchant has their own public key private key and they have reputation to pay to that. And the customer has the same thing. And then you have these sort of front end markets where people can see all the products and they can buy things. But it's the front end market gets taken out. It's not like this massive inconvenience for people because they still have their keys. And they can still verify that their reputation and their products are their own. And they could just point them out a different sort of front end indexer. So Alan Bitts will work on that. But yeah, super exciting. And I like the fact it's getting the, you know, the people have really started to recognise it as a powerful technology. There's a conference in Costa Rica in March, which I'm going to. It's like a small conference organized by Jack Dorsey. Noster, Rika. And I'm really excited about that. I've actually got an Airbnb there. And I've got a couple of spare beds and what's our death from BTC pace over. So one of the people who's staying in my Airbnb is the, excuse organizing, people who need to somewhere to crash. And one of the people stay in my Airbnb is the second person to ever work on Bitcoin. Which to my surprise was not half any. It's some of the dude I can't remember his name, but he's a he's staying in my Airbnb. So I'm going to definitely get, try and get an interview for the, for the WCN for that dude. Very cool, Ben. Congratulations. Been incredible seeing Noster take off. Ugly old goat Jimmy Song is impressed with Noster and they've just added a Bitcoin integration onto Domus. And now you can zap people small amounts of Bitcoin over the Lightning Network. What do you think of Noster? You know, I just heard of it and my group actually sent me to Jimmy Song tweet. And so, you know, what I want to encourage people is I am not, I'm an economist, self-taughty economist. I don't understand the tech and Bitcoin. But I want to emphasize, you don't need to. If you hang with the right people and the people that have integrity, we all get sorted out. And Jimmy Song is one of those, you know, who I can hang my head on and trust. And when he says something like that, my eyes and ears perk up because he is a trusted source for me. And I'm not on the level of you guys that are on my world's a different world. I'm much more hands on. I'm much more, you know, I'm not into the high tech world. But I am into the world of economic. I was into free market money long before there was Bitcoin. And so, that's where I'm coming from. Everybody comes from a different point of view, but it's kind of like the same thing. You know, those of us who know, we didn't get caught up on all this crap with, you know, Luna and Tara and Bankman and all this stuff because we, some of, we have, you know, we probably have most of us point through this shit going there at some time in our life. But we learned it and it's a lesson well learned. And so we're able to move on and do these new things. And, you know, and that's what I'm excited about. We just adopted as tech go because it seems to be perfect down here in Mexico because it's vouchers. Where it's really not Bitcoin. We're selling vouchers vouchers. Which of course can be redeemed for Bitcoin or on the Lightning Network or on Bitcoin, which is just a very unique way of introducing it. And I'm excited about that. That's why I'm at. And we're, I did, the other thing that I really learned this last couple of years is, I've always kind of gone from the top down and we're completely structuring it different. We are starting from the bottom up. We are having a little house here. We're starting to have our meetings where you get a, we want to bring Bitcoin to our community to Ensenada. I don't know if we can pull it off or not, but it's not easy. It takes a long time. But a true Bitcoiner is patient and disciplined. And yet we also execute those are three things and a quality. And that's what I teach on trading too. If you can develop those, it's not knowing where the market is going. It's just being patient, being well disciplined and being able to, to do what you do. Do what you do well and how will Bitcoin real simple, isn't it? And even before Bitcoin, there was the idea of the cipher punks and people who wanted information to be free and to be able to say as many horrible things as they wanted, but also to say true or untrue or whatever you wanted and so forth. And things like Noster that are open protocols allows to go back to those original ideas before the corporate internet before Facebook and Twitter, these large VC backed projects, which get all their funding by advertising and selling information about you took over. There is another option and it's exciting while it's slow moving a turtle of open source catching up to that hair of Facebook and Twitter and so forth. I would like to let me interject as well. Sorry, I forgot to mention this, that Noster was predominantly made by Bitcoiners, but back in the day on the Telegram group, if you spoke too much about Bitcoin, we would boot you off because we were like, no, this is a separate protocol, which isn't Bitcoin and it's just using public key crap down. However, respect by Bitcoiners because that's what we're into. And remember, it was in fact rockstar. We almost got bootstuffs because you kept going on like, oh, this would be amazing with Bitcoin and this new thing, 57, which is what Tyler Ditton is talking about, which is Bitcoin on Noster. It's almost like, we're like, okay, we've made it. People know what Noster is. Now we can just talk about how we all of Bitcoin. Let's get Bitcoin on this thing as well. And it is, you know, it's like all of the eggs and soldiers, it just goes so well. But I just wanted to get on Alexa, didn't mention it before, that actually back in the day, we tried to sort of separate the two things that they weren't related, but clearly they are because all the people working on it were in fact, Bitcoin. Because, like I said, we're saying that I think being a Bitcoin, you have a certain set of ideals, certain set of principles on sort of freedom. And then they translate very well when it comes to, you know, combing some of the problems which you have on the internet currently. Well, and I think that's what's really been exciting the media lately about Noster is that it's these ideas of Bitcoin and these cypherpunk ideas come together. And that once you have this network where you can say anything you want. And then by the way, we also have this currency and we have the Lightning network. And now you can back whatever you want with money. It's all right there. And they're starting to really see how society could change when you throw in things like the Canadian trucker protests, which you may or may not agree with. But they were backed by Tally coin, which could never touch their funds and allowed them to fund raise with Bitcoin to then do what they want to do with their money. Artee and Wismer, what do you think about Noster and open networks starting to take over? I'm just gradually getting started with Noster. The reason being is that there's so many new projects and I tend to like wait until it gets a momentum to get interested. I think it's really cool. The rich, the the worldwide web, as we know it, is not what it was like the internet was designed to do. The internet was designed to be a decentralized place store of information. And what we've seen over the past 15 years or so is that all of the world's information is basically concentrated in five or six massive data silos with names like Google, Amazon, Microsoft and the others. And with Twitter, I mean, I don't see much info on Noster on Twitter. I currently only see Elon Musk's tweets. I had to actually block Elon Musk to get rid of all this tweets. It's like, you know, I don't even follow the guy. And yet all this tweets come popping up. So this is that somebody else is deciding what I'm viewing. And that's wrong with Noster. You can take back that power and you decide what you want to publish and who you want to follow. And there's no crazy algorithms yet. But nothing like that. It's I think it's what the internet was meant to be. And the nice thing about it is that it's a platform. So I suspect that I expect a lot of new apps to coming up. But the ones that need fixing most at this moment is like, you know, instant, like Twitter, like applications because it's like the the fire hose of information on the internet, you know, information now. And this is what it fixes first. But I think we'll see a lot of applications coming in the near future, the build on the Noster protocol. And I think this is awesome. Congratulations, really to to to to Ben and everyone who works on Noster. It's really good that the big weeks like Jack Dorsey is now like, you know, actively promoting it a bit. So I think, you know, Elon Musk is is getting pretty nervous about this. He should be because he paid way too much for the dead blue birds. So yeah, yeah, no, this is this is one to be watched. You know, I had a bit of problem finding a good client, but I think I found a proper client. And maybe yes, I mean, why call it those difficult names? You know, some countries they can't even pronounce this, but there's many clients, also different clients for iOS, different clients for Android. There's a web based client. If you're running Umbrell, which is like a self-contained easy to install Bitcoin nodes, which you can run on a Raspberry Pi or something a little bit more powerful, then you can run your own Noster relays serve or just with a few clicks, you install the app and just let it go. And I think this is cool thing about it. You know, we don't we all have a super fast internet connection nowadays. And we barely use it for anything that makes sense. Okay, we use it to watch Netflix, but for the rest, we don't use most of our bandwidth. So we could like really decentralize the internet by making sure that everybody runs their own Noster relays. And you know, people connect to that and family and friends. And personally, I think the internet will only succeed or mankind will only succeed if if our digital, if if the digital world or the architecture behind the digital world or the internet reflects the way we live and communicate in the physical world. So it's very important that those two are aligned. If if if our digital world is like we have now where everything is concentrated in five or six information silos, big corporations that want to know everything about you. So they can send you more targeted advertising. That's just wrong. The way we communicate in the physical world is that we would sit around the campfire and we use that to tell our stories. And nowadays the internet is that campfire around which we tell our stories. But it will be really creepy if if you're sitting around the campfire and constantly mark Zuckerberg is like, Oh, we're just interrupt. I just want to interrupt before you tell your story, I've got a word from our sponsor. And this is just wrong. So I think for the internet to succeed, it should be a reflection of our fit the architecture behind it should be a reflection of the way our physical world is organized. And I think Noster is doing a good job on that. And you know, maybe it's too early to cheer, but there's nothing else. So let's give it a go, verify your Noster public key on the Twitter because that's the last thing you have to post on Twitter or Facebook. And it'll help migrate all your friends over to that fantastic new network. Okay, this is my shameless pimped. You know, you get my drift, right? It's that our digital infrastructure should reflect our physical world. Otherwise, we're going down a wrong, wrong path with society is such. Bruma Harpock, beautiful people have put it. It does sound like my terrifying Soviet nightmare to have all of your small talk tracked and then used against you, but just for advertising, it's okay. That's that's what's happening right now. That's we don't realize it, but that is what happening right now. You know, if they want to trace back, you know, did you catch a deer? Or is it a deer? Or it's a dog. Oh, it's so cute. I thought it was something you got from the forest or something. A baby deer or something. Yeah, but yeah, but right now the internet is broken. We need to fix it. And I think Noster is a step in a good step in that direction. And if we have a protocol on which the world can build applications, whether it's, you know, what we need now, a Twitter alternative, but what we need in the near future is a decentralized marketplace and stuff like that. That all the better, especially if there is a standard protocol on which we can build. So we can build, we can focus on building applications instead of designing a protocol. And that's really important from a developer's perspective is that there's it's like tools that you can use to build the next killer app. Without it, you're not going to build any killer app because you'll be thinking about the protocol underlying your application. Okay, that's that's I think I could go on for this for hours, but I think this is this is this is this is my main thing thinking wave, whatever. Well, one of the really neat things that Elon got to buy when he bought Twitter was everyone's direct messages. Now they could all leak in a file or he or a programmer could trip over a cable and get access to them, something like that. But if you used a protocol like Noster, you could encrypt all of your messages. So only you with your key or the person you're communicating with their key would have access to it. So obviously that's going to provide a lot of terror to those three letter organizations. But as we've all said here, I think the cloud is someone else's computer. So it's always been a bad idea. Dan, Eve, a little bit more on Noster. What do you think? Well, it's incredible how it's blown up. You know, you've got household names that like Snowden and Jack Dorsey, the, you know, really, you know, shouting about about Noster, which is amazing. There's a lot of the recent buzz as well. It's been around this sending of stats. So get, you know, something that Twitter, you know, took so long to kind of start integrating the idea of like, you know, using lightning payments and now Noster has done it in such a such a short space of time. And the fact that it's a, you know, it's an open source protocol that's more about servicing the users than servicing the, you know, the shareholders and the owners. I think it's, yeah, it's great. It's sort of, you know, Bitcoin protocol decentralized as money and Noster is decentralizing the information. And so, Ben, I'm intrigued. So what, what, did you mention that out there, the Twitter page, just the one use case. What do you see as kind of some other use cases along with like Diagon Allen and anything else that you can see Noster brings beautiful. So do you remember you'd have those Andreas talks where you talk about how Uber one day will just be a piece of software and it will be decentralized and what I mean, so you can make an Uber. So you can have a note kind where I'm a taxi service and I broadcast my geographical location. And then it's all sort of taxi. I could, you know, they can see me there. And then, you know, I can say, I can, I can see you can build that decentralized Uber. I can say, yeah, I'll take that fair. And then I think reputation is the real big thing. Like, when we correct the reputation, there's a bunch of stuff for reputation now currently, but it's not like 100%. But you've got to probably keep private key. So you can build reputation. And then if you're, if you're, if you're someone who wants, you know, a lift from that Uber, then or, you know, decentralized Uber, whatever, you can see that that driver has a whole bunch of other, you know, sales or whatever or transactions where they were a good driver or a bad driver. And then depending on, you know, how much reputation you have or how well you can, you can do it yourself in that transaction will then impact the price for that service. So there's Uber's another one, great one. Decentralized marketplace is Twitter. Someone's made a Reddit. What's kind of cool as well as you can like, with Diagon Ali, for example, we use indirect messaging. Knit 4, which I wrote by the way. So we're using the direct messaging, Knit. So we're encrypting the information to direct from merchant to customer. So, you know, when you can ask where's my product blah blah blah. What's kind of cool is, is, is, is, if you've got a, say, a Twitter client running, then in your DMs in Twitter, you could have the conversations for your marketplace, pop up in your DMs for your Twitter client, because the protocol doesn't know that you're using two different clients. So it means that you can have like cross client interoperability. So a tweak and find its way onto a Reddit or, you know, a direct message on Twitter could find its way into a direct message on, you know, a Diagon Ali decentralized marketplace or a new, but and you can have multiple keys. So I might be, you know, a terrible seller of products, but I might be a great taxi driver and I can have two separate key pairs. And it doesn't matter like what my actual identity is, your, your, your potentiality to earn money or whatever is, is based on the whatever you've built upon, which is connected to that key pair. So it's, it's kind of, yeah, I mean, it's, it's, it's, you know, let your imagination go. And it's, it's interesting to actually that all these people are, are building all these Twitter centric clones and talking about Noster as a kind of Twitter alternative, when really it's applications are far more diverse. And I think that's when people really go excited about Noster's when they see all the different applications you can use it for. It's very cool. I'm, I'm, I'm definitely swung after, especially after Martin horrifying alternative of Mark Zuckerberg popping up behind you, come by our stories around the campfire. That's for sure. Oh, I wanted to win that. Sorry. I need to just quickly like, can I screen share? Oh, Thomas, can you quickly let me do a screen share shell, please? So in our bits, we have a bunch of, in time screen. So in our bits, we have like a bunch of extensions, which you've, it's funny because we, they've been sort of like on the back burner, for ages. And now with all the interesting Noster, like pushing them forward a little bit more. But one of them is like, Martin was saying about the being able to spin up your own relay. So can you see my screen? Yes. Yeah, cool. So this is a Noster relay extension. So we got, we got a Noster client extension as well, which if you got an ambits running, you could have, as like an always on client, which other extensions can talk to. But this is a Noster relay for spinning up relays. And I was a bunch of great functionality and it actually Vlad, he built this. He just completed it today and it's not being launched yet. So this is kind of a bit of an exclusive. But I, what I need actually is I need to just quickly grab this, this manifest file here, so I can actually install it because it's not being released yet on the official Alan bits of exit extensions. So if I save that, I think go to add extensions, I can actually then install this extension. And this is just running on my local server as well, by the way. So this, here, now you can see Noster relay. So if I go to manage extension here and then I install this. Now my users of my Alan bits can store, they can make use of that extension. Where are we? Here we go. So if I enable and then let's open up this barboy, we can easily spin up a Noster relays. More for relays, in fact, and we can give them their own IDs if you want to. Whatever. And then public key. Oof, I got a spare public key. I can, I can, I can, I tell you what, if I open a new private window, and then if I go to a Nigma, a Nigma is a, a Noster client, but it, or it spins up a, it spins up a profile for you. So I can actually take this public key here, just as a, just as a demo as an example. Okay. So if I create relays, so here's my relay here. And what's cool about this is, is I can offer, so I can change my details here, but I can offer like a, so like the reason Twitter had to start like selling your data and, and, and doing the surveillance capitalist in game is because they need to pay for storage of your information. That's one of the main reasons. So in here, you can say, well, you know, you can get free storage of up to a megabyte. However, you can also have a pay plan. And then if you go beyond the megabyte, then you can require certain amount of Toshies. And this is where Bitcoin and Lightning really comes into play, like you can do streaming of, of value for someone storing your tweets if you want them to. And then you can do a whole bunch of other cool stuff as well with your relays, such as having an allow ban list block list. So, you know, like Martin said, maybe you've just got a relay for your friends and family, then you could just allow their public keys, their Noster public keys. And then we'll be refusing something like Damis and they're connected to this relay. Those messages which they send will just go through your relay and won't go to other relays as well because it'll just be restricted to the public keys on there. And then you can spin up as many relays as you want. So that's one of the extensions which we've got about to be launched in Alan Bitts. So, all very exciting. And yeah, a bit technobably, but is it a facetop screen sharing? Yes. All right, cool. But yeah, we'll go there and stay aside for the weekend and next week, but yeah, keep an out for him. Now I'm muted. Once again, I think we're getting closer and closer to a science fiction future. Everyone needs to read the book Fall by Neil Stephenson. He talks about several of these ideas. He talks about people working together under an alias to like publish papers and then having like an academic identity of that alias and that you would hire that alias, which might be multiple people for a job because they're good at the academic papers they've written. In the same way, they had so much misinformation and false information that they have to create filters and that everything you read from the internet must go through a filter, usually a human if you had the money to filter out your feed of what's coming in as well as what's going out because every imaginable lie about you would be written as well as every imaginable truth. But let's move on to the exit question. Five years in the future, three years in the future or never, will we switch from centralized networks like Twitter to decentralized networks like Noster? Let's go to ugly old goat. What do you think? Three years, five years or never? Well, I'm not sure of your question because if you're saying universally, I would say never because I think there's a use for both. That's what I'm getting ready to write a little bit about that. It's like the shit coins. They are completely centralized and I think there can be a specific use. It hasn't come yet except very limited ways. But I don't do I think people want the convenience and plus we all have limited capabilities and a minor much more limited than these guys up here. So you have to bring it down to my level cell phones don't work well for me because I'm old and it's too little and it's you know you guys are going round and round and I you know I'm going to have a hard time. I got the principles. I adopt. I mean I saw Bitcoin and said I saw yeah that's it. But to apply that it's like any of my systems who sit here next to me we learned I knew a business of voice broadcasting. I knew all the ins announced but technically he managed it better than I ever could because you know but it took me to teach him how. So I think there's a use case for both. I think it's very important that we build a society of trust. My mentor is EC Harwood and he said you know for integrity there is no substitute and so we we are and that's the beauty about Bitcoin. Yeah you're going to get disappointed we're all sinful men we're going to fall short but the ideal principles you know honesty and integrity just because we fail in certain instances it does not diminish those ideals. So in that sense I think we still we're not going to we can only really put our trust in an almighty who's in sovereign and perfect in perfect control because other than that if we don't have that then we are going to fail. I'll leave it at that. It is interesting how easy technical people think it is to get people to change but people really do get kind of entrenched they like their Facebook they like their Twitter they don't want it to change and as ugly as saying there's also other centralized network like spoutable and other things that people who worked at Twitter are now creating that will be centralized alternatives that might be more plug and play easier than Noster maybe it doesn't disconnect sometimes and lose half of your followers things like this seem to happen occasionally. I'm Martin Wishmeyer what do you think three years five years or never will we get rid of centralized networks like Twitter and sits to switch to decentralized networks like Noster. Personally I think it will take a five year but there's a big but we really have to make it more user friendly as God said it's just not plug and play right now I mean if I open up my profile settings for M main M main Tist you know the the M main Tist you know the app with a difficult name that installs on Android when you search for Noster in the App Store let me call it that if I click on edit profile I just expected to be able to like upload a banner image upload my profile image no no it asks for an avatar URL and a banner URL so I need to host it somewhere see this is already my mom would not like totally sign off so I know off there but then it goes on it asks for my nip oh five field I mean what the fuck I just started to go upstairs what's a nip oh five what's a nip you know what happened to nip one two three and four I mean LN error address or a LN URL outdated I didn't know it was outdated but most people don't even know what an LN URL is the stuff like this has to change you know it has to be a lot easier but that will be like bright minds that will build on this and will make it easier for others to join but right now yes you know it's like a it's it's like messaging but in an IKEA like put it together yourself type of style and this this should be like ready made ready to roll click and go and shoot yeah then running in just a few minutes or yes that's why I think it will take five years maybe even ten years if it takes too long because you know developers usually get carried away and add a new features but they it's not sexy to improve existing features so they like to build new features so things like this might take a while to get fixed but give it some time and we'll be decentralized because Thomas I think the future is decentralized whether it will take three five ten years it will eventually happen because our internet speeds are so fast that we need to do something with all this broad band internet we've got everywhere nowadays and there's no need to store it on somebody else's server if you can just like have like a tiny little raspberry pie or other cheap cheapo computer running I don't know in your meter in the meter cupboard or something so there's no there's no need for third-party services especially considering the speed of our broadband internet connections at home so yes I think we will all be decentralized but please please fix this complicated profile settings and stuff and don't make me host my avatar image on somebody else's server just make sure I can upload it in the app okay that's it okay that's it for now I agree Martin it's not only the broadband speeds but also the processors we carry around these incredibly powerful phones our computers are powerful even the computer in my car is incredibly powerful and could probably run a network like this in the background sending around the relays Dan Eve show me some positivity three years five years never tell me it'll happen overnight and there'll be a super bowl ad and everyone will adopt decentralized networking almost instantly I think I think it's you know I don't think it's I'd like to see it in within the next sort two to three years but I think it is going to be a bit slower and I think if you use things like I mean like Dennis I signed up and and it seems pretty pretty plug and play like you know it's quite kind of simple quite simple so maybe Amethi is to whatever the the one that you have is a bit more kind of clunky but it all depends on the UI that's being built on the protocol right it's not the actual protocol that's the issues the UI that's being built on top but with Abigail go that some you know there is still a use for a for centralization and that people like it they don't like the responsibility of of of holding their own data and and and making sure that it's backed up etc they'd rather than someone else you know they offset the risk to someone else and they're happy to watch their eyes they have their eyes burning watching adverts continuously and and Mark Zuckerberg popping up around the campfire so I think it's going to be slightly slower than the sort of I think it'll be five years five years plus but it's going to happen it will definitely happen I think it's just Amherst it's the name of a gem it's like an emerald or ruby or Amherst Ben Arck it's been two years since you launched Noster talking about it on the world crypto network obviously it's moved quickly Jack and Snowden and even Jimmy Song are now fans do you think we'll get there in three years five years or never are people ready for decentralized applications I mean I think it's important to acknowledge that there's a war happening like actively on the internet right now between this big centralized service Twitter I mean let's just talk about Noster and the Twitter context but there's you know Elon Musk has updated the Twitter terms of service so if you talk about Noster in your in your Twitter profile then you could be a risk of being bound or having your tweets deleted and then you have this billionaire who created Twitter on the other side who who desperately understands that this thing should definitely not be under the control of one big corporation that is it accommodates the whole world users and it should be a protocol that's exactly what it should be and the software which people it's funny because it was like what a month ago when Jack Dorsey started shilling Noster and there was like 500 people in the Telegram group most of them developers making dokey software for developers and then suddenly within a month it's like now we need to like have something ready for the world and actually considering that the short period of time and the amount of eyes which have been on Noster I'm actually really quite impressed like what solutions have come out which are you know kind of ready to use there's a bunch of stuff which is protocol centric we should be abstracted out such as the knit 5 stuff which Martin was talking about but yeah like Damace is it is a great example of like a priest straightforward user centric experience I think part of the problem is like we've been sold this lie that you're going to tweet something and then it will magically exist forever and then how does that magic happen like you have to sell your privacy for that magic to happen and then the reality is like if you don't want to sell your privacy then that becomes an ephemeral experience and actually the format which Twitter is pretending to be which is conversational like if we have a conversation in real life that's the febrile it disappears after a period of time I apologize the next day for the stupid shit I said and then you're like okay whatever Ben whereas in Twitter that's recorded forever and then is on you know the internet and then people can google it and they're like a ben such a bad guy because he said this thing two years ago and I can't recall it and then occasionally you get these like people who don't care and they'll just speak like they do in normal life on Twitter and then those people suddenly see more real you know you get the the the trumps and the Andrew takes and whoever else and they're playing the game because like most of us understand these things are recorded forever and then we're conserved to what we say when those people don't care and they just say whatever and then they see more real and then that attracts like a big following and actually it's just piggybacking of the back that there's this thing which pretending to be conversational it's not conversational like Martin said it doesn't reflect real life actually information is ephemeral it disappears and then you know people forget stuff and whatever and the you know the privilege of being able to store things forever maybe that should have a cost to it and maybe that should be something we should pay for to relay and if you want to pay for that by by you know giving your privacy away and just having advertising cool whatever but then you could also pay for it with stats as well so it becomes very lost on the most interestingly about lost stories it's your choice as the user whatever you want to do you can do that I don't know I think the real lies this idea that places like Facebook and Twitter are civic spaces like a town square when they often really seem a lot more like shopping malls the things that you say are grossly controlled by corporations for corporations ends and there's a lot of filters and censorship that you wouldn't see in the town square although they are built on top of the Department of Defense and the Army's networks which were a lot more like public squares because we allowed VCs to build them quickly with venture capital and based on advertising we've gotten those networks we've gotten the worst possible internet but we're running out of time moving on to issue four Keanu Reeves cryptic criticism of crypto is only going to make it better the star of the matrix says to dismiss crypto because of its volatility will strengthen it in terms of how it's safeguarded saying that I think the principle the ideas behind an independent currency are amazing adding that to poo poo crypto or the volatility of cryptocurrency it's only going to make it better in how it's safeguarded our teen Wismer what do you think about Keanu Reeves the star of the matrix coming out in support of bitcoin and cryptocurrency I mean I can be really short about this how can you disagree with the guy whose name was neo and was like met the architect in the matrix I'm totally on board with him he saw the lights he saw he saw through the matrix and then he discovered bitcoin I mean really we saw it years ago but you know he was stuck in his matrix but now he discovered it too yes crypto will only become stronger but bitcoin he means crypto is probably all the little numbers you see on your screen when you look into the matrix but behind it is bitcoin yes Keanu good job it's great to have neo on board we could also use Gandalf maybe Patrick Stewart ugly old goat what do you think of celebrity Keanu Reeves coming to crypto it's great but you know who the number one celebrity is I'm looking right at him Thomas you know you brought all this on I mean you are the neo so I'm sitting here I can't believe them on this show with the guy that I watched years ago when Jimmy saw your tone they said I know I've been on with this guy said the news Satoshi of no star I just heard about man you you have pioneered bitcoin for guys like me and I just want to thank you you're the neo and you've been at it you've been consistent and we all owe a great debt to you thank you so much for having me on I'm very honored don't overdo it because then you know it's it'll be difficult to deal with for the next episode I second I second Thomas Thomas is the is the neo and brings us all together and crazy things yeah thank thanks so much that's really nice to say and just for everyone out there you can be the own neo of your story you can go out there and make your make your history do what you want to do Dan Eve what do you think about Keanu Reeves joining us in crypto well it's cool that he's he's kind of finally read pilled himself right he chose he chose the blue the red out of the blue he did he is interesting he's like he kind of you turned on on NFTs right so he he is interviewed a year or so ago he wasn't into NFTs now he's like backing NFT projects I think he's he's sort you know he's involved in multiple NFT projects but at least you know he's public about about Bitcoin and and the fact that I kind of the as soon as I heard the quote about like the if you if you you you you you criticize Bitcoin it'll only go stronger it kind of made me think of that scene and from the matrix where where you know the Oracle says yeah don't worry about the vase so it kind of maybe think like of the saying like would you would you still have bought Bitcoin if the S&C hadn't have called it worthless tulips or whatever you know and JP Morgan so whatever it does it kill it makes it stronger ultimately so anyone that talks about it especially if it's from from a sort of a household name like Warren Buffett or whatever they're still spreading the word about Bitcoin and people are gonna still learn about it you know they may start off negatively and just believing the press and easily you know dismissing it as you know as as silly internet money and whatever and then as soon as you understand the potential it turns you in it and it makes you see a different side of how of money and how money should be for the people rather than be from you know from central banks and controlled by central banks and and out of your control as a human being so it's also good like it's like amazing to have you know another big big name on on a site plus it's it's you should fill in Ted's excellent adventure right so this is this must be part of the incredible journey of realization the Bitcoin is sound money and he's just I just saw the actor the history teacher from Bill and Ted's and he was in like an old like twilight zone or something in the 60s and I'm just sitting there the whole time I'm like where do I know that guy and it's like oh yeah and you know the tell me that Caesar was a salad dressing dude but it's great to have Keanu with us I think if you go back to that NFT interview Dan I think that he didn't know what NFTs were he was surprised and then I think very shortly after that he found out that the movie company had already made NFTs of him and Carrie Ann Moss and all these other matrix characters and he was like what is going on and I probably later on they explained it to him they're like yeah we're gonna do these things and they're collectibles and you get a cut this time actors like it they like it a lot better when they get a cut they're always surprised they're like oh yeah I'm making money in what now because the streaming thing they had all those contracts no streaming at all so they just started streaming movies with your face in them and you're like oh I guess that's happening Ben Arck what do you think about Keanu Reeves Neo Bill and Ted the matrix joining us in crypto I think it's great and I think he sounds so informed and and and collected and wise and it's a far cry away from you know like Bill likes Preston S. Quiet from the films and I want to go back to what I believe he was saying actually because like yeah we've got Keanu Reeves now but man like you know Thomas practically invented NFTs with cura cards and we've got Martin here who's had one of the first ATM companies to ever exist and we got down here who was like wrapping and and about Bitcoin before people were wrapping about Bitcoin like Josh who's often done on the show as well and he came up with this incredible like glass books protocol for for the exchange and the whole bunch of things for all to know at first I like it's such an it's such a privilege to be part of like a channel with so many OGs and I'm ugly as well like ugly he's been consistently right in like economics and in trading and you've seen all these other like you know trading thought leaders just kind of fall by the wayside and ugly just continues to to pion on through it's such a great channel man and like one day maybe we'll get Keanu Reeves on here as well and like welcome to the welcome you know welcome to the Freitiano but like we've been here for a while and there's some this is it's an incredible channel it's just to is there yeah it's over the alcohol spot he got a little sentimental about the UCF but we're wow I can't wait until we get on we'll just we'll quote nonstop Bill and Ted to him we'll just be like the truth is knowing that you know nothing nothing so great us so great but we're running out of time we have one more bonus issue just breaking today issue five Binance considers severing US ties in the face of crypto crackdown the crypto exchanges been investigated by a host of US regulators and governance agencies for those of you keeping score from the future we are still in the time period where Binance is considered a company and allegedly is not yet an international criminal conspiracy Dan E if Binance is taking four hundred million dollars back from the US entity and separating more so they have no location no headquarters briefly they were in Malta but there were too many rules there for Binance allegedly still working out there in the world an amazing organization what do you think about the latest so-called crackdown on Binance it was kind of only a matter of time right because we've all these other companies being being chased by the SEC and and having rules imposed them in crank it crack in you know just having to pay a 30 million fine about staking and obviously you know Coinbase has been co-used up for a while but they're still under the under the BD watch for live the SEC so Binance have kind of evaded it for quite a while and it now seems like that's starting to come to an end especially with you know Pax also to stop issuing BUSD that's that's pretty you know it's pretty bad for them especially as BUSD is like still on the top it's like it's the one that's one of the top 10 yes it's like number eight in terms of market cap of stablecoin so that's quite a significant hip and if they have to scale down the US operations you know they just might have to go that way to reduce the risk and and and kind of and keep operating the way they are right which is which seems on the surface you know I think CZ as a kind of as a leader it seems quite to me I think quite honourable and that you know they have the safe food funding is is it is quite transparent about issues that happen obviously there's internet slews who whenever a little Binance issue happens they'll sort of find you know find some inconsistencies with their stories but largely they're quite open especially for the CEO of a platform so I think it could be you know it's not very positive when when regulators chase out a business entity especially one that's got such power and and not sorry power's a bad word but it obviously does have power but it's actually providing a service and it's done it successfully for for a long while you know they've got a good customer base and a lot of people use Binance is a nice easy to use platform and it's also got advanced features so you can see why it's sort of grown as a business but yeah I think I think their time is up from evading your authorities and they're going to get clamped down on soon so yeah it seems to be the season of regulation right CZ is incredible and definitely a visionary but it still seems like a riverboat shit coin casino floating from place to place in international waters always on the run ugly old goat what do you think about Binance and the crypto crackdown all right well the crypto crap is a crap down as what it is the problem is not Binance the problem is the United States government thinks they have to troll over anything the United States citizens do so you know what there needs to be a revolution in the United States because why should the why does the US government have jurisdiction I can't trade on a lot of these exchanges the goat lady can because she's not American citizen I'm at the point do I keep my US citizenship or not you know when Arthur Hayes was prosecuted why didn't they prosecute all the people but lied so they could trade on his better platform because everybody went to the best platform but they had the lie they are the ones that were committing the fraud not Arthur Hayes that's why he's up here that's why he's the Bitcoin standard bear because he took shit for you guys and I'm talking about every US citizen that was trading on on on on the you're the problem United States you're not the solution you think you're the solution you're the problem they also had an interesting idea recently that since Ethereum staking was mainly taking place inside the United States that they then owned that network and could do anything they want with it because you know it was mainly there Martín Wishmer what do you think about the crypto crackdown on Binance Binance is a bit of an odd exchange wise it's I think organizational structure is like a hydra there's Binance is everywhere they all look the same but they're all different and you can chop one head off and you know it will just reappear in Malta or it will get regulation all approval in France or somewhere else so yeah I understand there is investigations in the past there was some issues I believe with their US entity that was like not really an entity but was just there for the books and it was like it's complicated I think the approach they took as a company was build it fast we'll fix it later and then they found out that no need to fix it it works great as is and now it's it's you know they're catching up on him I've had seen some some strange things like US clients or US users trying to use software that will go to Binance.com with via API key so not the website but via you know the API keys and they will be redirected to the US entity and then it would break so it's obvious that they they try to redirect based on where you were from but they didn't always work and that caused a lot of headache so you know if you put your if you put a lot of funds in an exchange I think you deserve to know where they are based and whether they are properly organized and not a sort of hide-and-seek hide-race structure I don't think that's good you know I got one of the credit cards that look really nice debit cards debit cards you can fund them with crypto I mean specifically say crypto because I think it works at B&B coin and a bunch of other shits coins and maybe also a bit coin but I don't know I don't like the cards I never use it I never bother to use it but I hope they get their eggs together because yeah as you say she said you know it's like pretty transparent in most things he helped take the Sam Bankman's shits coin empire down so Kudos on him yeah so he's got definitely got some street cred they do a lot of volume but they they should just get their act together and become like a real company and and I think people it's good for the clients in the long run but you know if it means closing up their US lemonade stands and move elsewhere why don't they just move to another jurisdiction and just set up shop there and just run it all from one place it would make more sense instead of just doing the whole hide and seek runaway type of like we are currently based in Malta and now we're based in in the UK or now we are regulated in France I mean just makes no sense people will use their exchange anyway but it doesn't give a lot of confidence for the end user if they're doing this whole moving roaming traveling circus style operations so yeah they'll succeed but you know we'll see time will tell they did end sbf but they also funded him in the first place so you have to watch out for that and Ark what do you think about Binance and the latest crypto crackdown I'm sorry I was trying to win the time I go group sorry um uh I told you what we're talking about what was the what's the story reminds me they're cracking down on Binance they still haven't a US operation they're used to taking 400 million dollars out of the US operation there's a lot of questionable things allegedly happening I know I know nothing sorry Karyo the truth is knowing that you know nothing so creates but we're running out of time so we're going to go to exit question or story of the week Dan Eve do you have a prediction or a story of the week go ahead I'm just gonna go for an easy prediction I think it's gonna be quite easy but the hatch rate of Bitcoin will be 400 exa hashes before the before the year is up isn't that much from now suddenly another like 20 25% they've seen and you know what Max Kaiser says he says price follows hatch rate at least he did years ago ugly old goat prediction or a story of the week go ahead well I should have I usually have a story but I'm blank right now so I know what do you guys have what do you guys have going on at ugly ol goat.com have you done anything new recently well we've got a new lifetime membership uh for new newbies and you know I started it out I started at a tenth of a Bitcoin but now that's way out of the and that's no it's more than that a half of Bitcoin is what I charge it was only like 400 odd when I started so we started a whole new thing for newbies for 200 dollars to get we have a little it's on the website so it's on our the Twitter page but yeah we're doing that and the goat lady she was here she she's been so busy we've got we I'm a big believer in being busy and doing your thing and and and hodle Bitcoin that's another words this whole thing about banking you can create money as long as it represents real well and biggest problem we have right now is that all their shit coins they're not creating new wealth they just create the money but if you do create new wealth you literally can as called self-liquid in commercial paper and that's how banking worked on the gold standard which few people understand so yeah and I saw it Lauren Twight is coming out with a new book it's going to be out in about three or four weeks everybody needs to keep their eye out on that one I'm looking forward to it to him because he was one of my mentors way back when 40 years ago when he started out I was starting out that's great sounds like people can learn how to hoddle hoddle hoddle build a build a build a and save a save a save a very good stuff a martin wish mayor do you have a prediction or a story of the week go ahead well my story of the week is that I'm now on Noster and you can find me on n-pub 1e1e7 w7 xm whatever nevermind just look on my twitter profile tweet twi it and you'll see my public key there see there it needs a little bit of improvements this whole Noster thing because how am I going to share my profile on moster without using twitter so Ben Ben that was well it is one of the fun things sometimes when you see a chat on Noster if you don't have their names it'll put in their pub keys and it's two giant pub keys talking to each other Ben are they going to fix that yeah so we got we got net five which is the thing which was like really clinically added to to martins at so in it five in it five you can have like martin at whatever so it could be martin at twister.com for example and then you could just have you know you know find me at martin on twister.com so and in fact this is like one of the the use cases for so like what do I do in Noster? I'll come as well as the exciting event of Noster but like I've got Noster.com what do I do? phhaff is put like a really nice so if anyone's interested in the protocol how it works some good examples go to noster.com and now there's a really nice batch page which has that stuff in but we should also probably sell handles at some point which you can do with the net five so you could pay x amount of stats and then half like you know Ben at alabis sorry Ben at noster.com so yeah so that is a problem which has been tackled that like yeah you aren't using public e-crypto but you can do it you can either find handle yeah wow yeah and that does look nice I wasn't I still I still think one of the the funnest ideas ever was the Noster Improvement Protocol which became the nips and now people talk about nips publicly and so on and so forth. Ben are you have a prediction or a story of the week go ahead? story of the week was we've been pulling out extensions in alabits so now they're installable they're actually installable so the idea is that you will run your alumbits install and then when you it's when you add an extension it's just like WordPress you're actually downloading the extension and then installing into alumbits actually for the UI it's not that much of a leap because originally we just packaged all the extensions in with the software but it is most load better because obviously like you probably only want to use a couple of extensions and by only using a couple of extensions and there's not packaging all in all these extensions your attack effect as much smaller it also means we can take the core software and we can we can get audited and get alabita as well so that and the nustar stuff so the nustar client the nustar relay and then also dike and alif and we should be working on in our business as well as too much on this team my my head spending and all whether it's coming all going too far as to a very good deep sounds like a very another exciting week for nustar and ln bits thanks to everybody for us for joining us be sure to give us a thumbs up down below leave a comment hello to everybody in the chat and until next time