The Bitcoin Group, the American original, for over the last ten seconds, the sharpest satoshi's the best bitcoins, the hardest cryptocurrency talk. We'd like to welcome our panelists, Dan Eave, the crypto raptor. Hey, hey, hey, have a Friday. Get a call back. I'm Thomas Hunt from the world crypto network moving on to issue one issue one Bitcoin linker's under $27,000 as we continue may sluggagnish amid inflation concerns. The price of Bitcoin and Ethereum both lost ground in May, the first monthly decline of 2023. Like Coin and whatever R&DR we'll call it reindeer, were among the month's big gainers. Dan Eave, what do you think about the price of Bitcoin and cryptocurrency? Well, it's really when you look at it, it's not that much of a downer since the start of Bitcoin. In fact, it isn't big one even up since 2023. Let's see, why are there wrong charts? I don't think things are that bad. It's $27,000 right now. It's a piston 1.36%. So price wise, things could be a lot worse. We could be down at the 15-16 level like we were in December, so we're nearly double that. Plus, there's been actually some optimistic reports, right? Was it fidelity? Some fund manager in fidelity said that Bitcoin can be a billion dollars by, which sounds insane, by 2038. It gives a nice, a nice bit of time for someone to forget about that price prediction, right? But if you do remember it and you call it, you can definitely slam dunk on that one if Bitcoin is a billion dollars by 2030. Then this will say we definitely should have put that in the title of the show. Right. It points a billion dollars. The world's over, man. Let's hope it's not a billion dollars. It can literally buy the universe. It's one of those. It's going to buy a million dollars by you a sandwich. So Bitcoin is a million dollars. It's a lot of sandwiches. Yeah, but that's the point, right? That's the problem is inflation. If inflation keeps on going on, how much is that dollar going to be devalued anyway? How much is going to be a billion dollars worth in what's 27, 25 years, however much it is? So yeah, it kind of goes up. It goes down that there's obviously the lingering stuff from the cases like FTX and the people still sort of banding over all those news articles about, about even back going back to the UST and the terror thing. They keep on propping up as examples now of huge, huge bettlers in the crypto industry. So I think actually the price right now is pretty resilient to be, to be especially when you could buy that with the continued, um, in Viral Fudge that's happening and, you know, also it's a crazy stuff around the world. Like, I think I read that I'm sure it went something insane. Like Ireland is going to be like killing like 200 or 200 cows or 2000 cows to beat climate targets. So, you know, this, I don't know, it sounds insane, doesn't it? Um, cowl, cowl, let me get the right number. But when you've got the environmental fund, um, sorry, two, uh, sorry, 200,000, it's just 200,000 cows to beat climate goals. So, you know, there's still this going to be this continued assault on the mining operations, the net zero kind of policies that we're seeing. Um, and so expect, you know, I think we can only expect that to really ramp up about about the, uh, the effects on Bitcoin mining and how Bitcoin is a bad thing. So, yeah, I think 27K right now is, it's extremely resilient. And, you know, again, you go back to, um, you know, well, this is, this was kind of roughly the level of the end of 2020, right? After the harvest, and it kind of reached, reached this point here. So, um, we're still, I think in, in very good ground. Um, um, so, um, yeah, I think ultimately things seem a bit kind of optimistic. And, and I think maybe that, maybe that everyone was on a bit of a downer when, when, when the fidelity guy was just like, boom, $1 billion, like, you know, everyone's saying $1 million by June. And he just goes out and goes, $1 billion, $20,000, so it's a long time away. We've got a lot to look forward to, um, to then a lot more infrastructure being built, a lot more services. And more exciting things as well, like, um, I don't know if we'll touch today. And I don't know much about it. I should read more, but arc, another kind of thing, another layer to, for, for Bitcoin. So there's, all these things are being built. So whilst, whilst everyone's all negy about the price, again, all this cool stuff keeps on, keeps on happening in the, in the background and, you know, all in all as well, who are kind of proving the model of the Bitcoin fee taking over, um, overtaking the block reward. So, yes, there's, there's lots of bombshell news happening every day. So, uh, Requins, Billions, Bitcoin's, it coins brilliance is its resilience. I agree, Dan. I think it's far more negative than it should be, especially given FTX and of course the disaster in El Salvador where they bought below the price and, you know, the price went down, they lost money and maybe they hold on and it turns out all right. Uh, but I can tell you, this is the only story in the media this week. I googled and I googled and I googled every article is about the price. It's all about the price, nothing about the technology, nothing about how it's a new data network, nothing how you can do remittances, nothing about layer two lightning or ordinals or stamps or any of the even time stamping, just, you know, universal time stamping is pretty valuable for a lot of stuff. But Adam McBride, it's not about the technology. It's about the price. What do you think they're crazy, right? It's crazy. Like, you know, like you said, we were under, well, we were at 17,000 or something just a couple months ago and I was into the world and, you know, myself included, dummy didn't buy more, you know, I just bought more the other day because I think, you know, dude, it's like the happening is coming up, you know, just follow patterns, you know, whether it dips down, God, if it, I thought I was talking to my brother, I don't know, we're in the peak of the bull run and it's like, God, if it ever touches 20,000 again, how amazing would that be? It's like back to truck up. And of course nobody does because you all get scared when it's falling knife, you know, but yeah, you got to love the place that Bitcoin is right now. You know, development is coming back on Bitcoin. Who would have predicted that? It's completely insane and awesome. So I'm super bullish Bitcoin right now. Well, and the hardest strategy is that detach strategy where your dollar cost averaging, you're buying $100 a week. You never mess with it when you're at the highs, you buy 100, when you're at the lows, you buy 100. And I know my friends, like when I told them about dollar cost averaging, they immediately do the opposite when it's at the highs, they're still buying because they're like, I got to get that lottery ticket. I got to get in the lottery. It's at the lows and they're like, I don't know about Bitcoin. My hundred bucks from last week is worth 80 and my other hundreds worth 60. And it's these thoughts that lead you to not stack any sats at the bottom. And then when you're at the top, that's when you're selling and you're, so it's just got to get on the right track people. And it's so it's so hard to see it do these things and to think, Oh, predictably, it's going to come back predictably. It's going to come back. But I've seen it come back two or three times now. So I really have to believe that this happening thing is going to work and the price is going to come back and go higher, which is insane. But I don't know about a billion dollars. Josh Shagalla, a billion dollars, a Bitcoin, obviously, you know, sell one for that price, maybe. I mean, Adam said that if that happens, where we've got big, big problems and it's not a good day. But yeah, the dollar cost averaging thing is really important. And you know, all of these people that get wrecked from crypto and Bitcoin. And then they blame Bitcoin. Well, I blame the media, but only really focusing on the price when it's sky high, when the prices low, you don't see the ticker symbols they don't talk about it. They don't mention it. As soon as it's higher, they're all raving, money's on it. And then it collapses, everyone loses their shirts. And it's down the drain. So it's, you know, it's just important when it's down and you're not hearing much about it. You know, not investment advice, but that's how you actually invest is you find good deals. You don't go for everything, the thing that everyone's buying right now, you go for like, hmm, plus also, if you're in this space because you heard a couple of guys make a killing and become super rich from it. And so that's why you're investing, where you're investing wrong. If you're in it because you've looked at the technology, realized the problem that it's solving or the problems that it's solving. And one of those problems fits into your investment thesis, then it's not like it's going to shift because the price is down. In fact, it's the other way. You're like, wow, okay, well, my investment thesis is there's a problem. Bitcoin fixes it. Yep, I got to buy more because right now it's a good deal. You know, that's the thing. It's these people that are jumping in because they make made a lot of money that don't really understand the technology, well, they shouldn't probably be in this space because they'll lose their shirts. But yeah, moving on to the exit question predicting against the source of all truth in Bitcoin predictions, Bitcoin predictor ball, Dan Eve will the price of Bitcoin be higher or lower this time next week? I'm just going to add one small thing to add because I don't check it very often. In fact, I seem to just check it once a week. But going back on ignoring the price thing, the average hash rate over the last 24 hours is 392.18 exa-hashes, which is within a spitting distance of all time high. So the network is there, it's growing, it's solid. And Bitcoin difficulty is literally right now at all time high at 51.234 trillion. So whilst it goes up, it goes down again. We see this day and day out, the infrastructure keeps on being built with hardware and software to keep the machine running and keep the lights on and keep it as the most secure network and off. I'm going to say Adam McBride higher or lower Dan sound definitely down. I have no idea about it. But down seems reasonable. You go up, you go down and then up again. That's exactly your you must be some kind of financial expert. I did work on wall street. Where did you get this incredible advice? Josh Tegala is it going higher or lower? And of course, the best answer is to say both. Yeah, well, it's absolutely doing both. No, I do believe it'll go higher purely fundamentally because we have Hong Kong now coming back online after their regular regulators decided it's okay for people to invest in mathematics again. It's excellent. They've legalized math. Now here we go. Will the price be higher this time next week? That is. Outlook not so good. So the ball is pessimistic. Moving on to issue two voltage, scales, Bitcoin and Lightning Network infrastructure with Google Cloud. A new company called voltage is letting you set up lightning as a service. Its mission is to provide enterprises with a lightning network solution that enables the settlement of real-time payments with near zero fees. It seems kind of like a coin base for the lightning network. Of course, Coinbase could have been this itself years ago if they'd only followed Bitcoin instead of trying to be Coinbase for everybody. An added bonus Google and Google Cloud is involved and Google is proudly working with Bitcoin and the lightning network giving up years of Google saying it's drug money. It's gangster money. It's money. Adam McBride, what do you think about Google Cloud and voltage, allowing people to use the lightning network better? I think anything that provides alternatives to PayPal Stripe and the like is a good thing. I don't know if you guys have ever bumped into it. I'm assuming you probably have. I definitely have about having your money frozen by PayPal. I've known business as it wrecks. I was actually tweeting with kind of a semi-famous person on Twitter this past week because one of her, she owns tons of companies and one of her little small companies basically was going to be going out of business because PayPal had frozen the accounts. Anything that gets the average or small business owner different options or accepting payments that are outside of this kind of like, you know, big business, you know, FIFTOM is a good thing. I'm all for it, man. We need it. It's like badly needed at this point because you can get debanked and you know the way it is, you guys run businesses yourselves. You're debanked for two weeks. You're done. That's it for your business. And it's real risk out there and it's legit happens all the time now in mainstream. And so, yeah, we need alternative payment methods. I agree. I think we've all had our PayPal accounts frozen before or even had transactions reversed causing you to lose money and lose products. It is good to see people other than bankers getting in on Bitcoin. The early Bitcoin companies were all this way, but now not so much. So you have to appreciate perhaps voltage and certainly something like strike, Jack Moller's great little company that lets you use lightning and Bitcoin. They recently expanded to something like 162 countries. And it's not the big famous countries you'd think it was. It strikes working at a lot of the smaller African and developing countries. So it's a really interesting product product and direction for them. Josh, you call what do you think about voltage and Google Cloud now suddenly friends with Bitcoin? Yeah, I mean, it's nice to see, I'm sure article on google.com cloud.google.com talking about Bitcoin. But I'm never a big fan of these huge backbone infrastructures of the internet because they're very centralizing. They're one of the main reasons the entire internet can be absolutely controlled over whatever narrative they decide is the narrative that should be pushed. Because it's effectively Azure, Google Cloud and Amazon. They're the ones that run the world. It's three major players. And so I don't want to see Bitcoin rely on Google's infrastructure. The beautiful thing about having one-meg blog is that anyone can run them because it's quite cheap. So I'm not sure how this fits in. I'm guessing it's like a one-click option and you can do it. I wish them all the best. You know, I don't think it's a bad thing. But I just really likely idea of running your own node, having it run on your system on your network and decentralizing as much as possible. Because imagine if everything started running on the Google Cloud and then all of a sudden Google decides it's not good anymore and just switches it off or the American government or whatever. So yeah, I don't know too much about their service to really make any sort of judgments on their service. So I don't want to say that. But I just in terms of just my gut feeling. I agree. Josh, it does seem like an intermediary step where if like a large company like Nike was going to start accepting Bitcoin, they could roll up a bunch of lightning servers with this product and then if Google Cloud fails or if they want to get involved and run their own servers, they still could. But it seems like an easy way for a company to get into lightning and give it a try. But again, I don't know. This is just a press release and I'm excited. It's on google.com as well. Dan Eve, what do you think about Google and Google Cloud? They love the lightning network now. Get the bumper stickers, right? It is pretty cool. You can spit up lightning node, etc, which you can also do with lnbit.com. So that's I think I definitely recommend that over voltage. Although voltage seems like a good service, but obviously I'm biased because I like Lnbit and the work Ben's doing. But yeah, with you on the fact that again, it's obviously it's not like Google that are are kind of putting their seal of approval on it. They're just using Google services, right? So it's it's not quite the level of. But it is it is being covered by cloud.google.com and they're obviously excited about this as a service. So ultimately the thing that Bitcoin does bring is sort of the benefit of it is the decentralization. So I'm also going to agree with you there that these using these centralized services kind of takes that element away right and it's almost an additional attack vector. As you know, I'm sure they've got lots of processes and controls to avoid any internal sabotage and external threats. But if you if you have a bunch of services that that you know it being using a specific infrastructure, then there is a central point of failure there even even though they may have their own their own backups. So yeah, maybe I'm I'm kind of too much in the it's still in the mindset of the home tinkering, you know, run your own node, you know, with with my not not all boxes and and the fact that you can just buy pretty much any any like small bit of hardware now that can run, you know, you can you spin up a Linux Linux, you know, OS and run run your own node. So it's good that it's it's it's Google and it's a big company that's facilitating this and that you know, like you said that's on cloud.google. But yeah, I'm a home I'm a home tinkering guy. So get your little old old machines out and spin your own node up and and show them whose boss. I think to everyone's horror will have to use that as the exit question. Who will win giant companies like Microsoft and Google Cloud or smaller companies like Umbrell lightning bits and Raspberry Raspberry Blitz, Adam McBride will it be the tinkers or the giant companies? Well, companies have won the past, right? I mean, if you look in the past, it's companies, but you know, I'm a I'm a individual believer in the individual and I believe at the end of the day, Encrypto people are going to people are going to see what's happening in the world today. See what's happening with with big big businesses like Josh was touching on and actually make the choice to go go the opposite way for their own best interest simply because it is the best interest choice. I think, you know, I know you guys kind of chuck a little bit of NFTs and stuff, but the ability the ability to for to own a digital collectible or digital item. You actually own it and it isn't owned by Google or Amazon or one of these other companies that can take it away. I think I think kids are going to get it. I think the kids who are playing video games now get it because they all have friends who've been, you know, rugged out of their fortnight accounts and stuff like that. They get it and I think it's just going to take take some understanding some some education and some wins by companies, you know, created by people like you and me who actually make these products that people want and want to own their own digital items. And so I think at the end of the day, individuals are going to win. That's my that's my hope and my prayer. It is an interesting idea if you're into digital collectibles and you really want to support the network you wanted to keep going and you put a Bitcoin node on your desk. I wish it was as easy to add an Ethereum node for a long time. They had a kind of impossible sinking problem and then you just need more hardware and more hardware and whatever. Whereas, you know, like I have a Bitcoin node running here on my desk and I don't really know what it's doing or what it does. I got pretty much passed the setup part and then abandoned it. But I think that it still runs right. It still gets on there and I can see the Blinky lights and I hope that the kids will do that like Adam saying like behind all the gaming PCs a couple little raspberry pies running the Bitcoin network. If if that's where their NFTs are, if that is where we go. As again, with Ethereum, it would be fun if I could run a node, but I'm not sure that I can. I'm not sure. Do you know anybody who's running an Ethereum node? Not quite as plug and play as the Bitcoin idea. So I have to see how that goes, which is unfortunate because I should run a node support my Curial cards. Dan, Eve, what do you think about, let's see, we're going to Josh Shagalla on the exit question. Will it be the giant companies or the tinkerers? Well, I think this is actually what Google released about AI is to say, we have no chance against the tinkerers basically. It's the open source communities are just taking these leaked models, that leaked from Facebook and just smashing it out the park, making it orders of magnitude cheaper to train these models, making it, yeah, and just thousands of brains around the world going towards one goal and that's making something free and open source. That's the same for Bitcoin and cryptocurrencies. I think there's always a really nice polished product from big companies, but at the end of the day, the tinkerer comes along and makes one just the same with duct tape in a paperclip. Yeah, I think free and open source will win out over it, even though our large companies do have a more polished product to start with. Dan, Eve, I'm shocked. I'm shocked to find positivity out there. Pandora, when she closed the jar, she lacked, she kept hope inside. What do you think? Is it going to be the tinkerers? Is it going to be the giant companies? I was all like getting my Microsoft Bitcoin node ready here. I'm, I'm, I'm, I'm, Josh, I think the tinkerers will win out. The big companies have obviously got the firepower and the infrastructure and all this kind of expertise, but if you think about it, resources and if you think about it, you don't hate to my friend, if you people boiling it down this way, but you know, Satoshi was a tinkerer, right? He basically threw a little ball up in the air of like this, this sound money system and, and we can see how powerful that that's been and it doesn't, it doesn't belong to a particular company, it doesn't belong to an organization. It's itself is free and open source and permissionless and anyone can contribute to it. And I think that's far more powerful than something that can, you know, that has a corporate structure to it because it, you know, it's, it's, it's essentially borderless, limitless, you know, and you can bet your bottom dollar that people from Google, from Microsoft, from Azor, they're running their own Bitcoin nodes, there are going to be people in there that, that, that in these companies who will be, who are tinkerers as well and who want Bitcoin to survive and to win. So yeah, I'm all for the tinkerers that underdogs in there and the, node runners as it were. Interesting. We have no resume for Satoshi. We have no history. We don't know anything about his, her or they or them's past. And yet at the same time, everyone's using their software. Everyone's valuing Bitcoin as a valuable thing. People are adding things onto it, creating new ways to use it, maybe not originally designed to do that. All of this on a person with no resume, all of this on an untrusted unknown. So if you're out there and you're just some kid programming, you're like, they don't take me seriously because I'm 12 or because I'm 18 or because I live in India or wherever you live in the world. I don't think so anymore. It's all about what you can do. I mean, there's been, you know, frauds and there's been shows and other things and maybe some people are real and some people are geniuses and they're not. But if you put your work out there on the internet, it'll be pretty much taken seriously. It seems like it doesn't matter where it comes from. Let's move on to the next issue. Check out worldcryptonetwork.com where this day in 2020, we welcomed you to the Transylvania Bitcoin conference as well as showed you a dramatic film from the 1930s that may have resist that may have predicted the rise of fascism in America. In 1919, we went to coin fest and Manchester interviewed people about their first computers and took a Bitcoin coffee break with Ben Ark. In 2017, we had the Bitcoin group 144 talking about the market-based software and ICOs. Chris DeRose checked in with mad bitcoins to see if ICOs were legal back in 2017. And in 2016, we had Bitcoin and Altcoin trading talk number 30, 2014 Patrick Merck unfiltered. Okay, coin was on mad bitcoins and in 2013, we had a fireside chat on Bitcoin evangelism where I talked like FDR for six minutes. Worldcryptonetwork.com. It's all free. It's ad free. It's free. Moving on to issue three, Richard Hart and Holst Chain. Yes, he's back again our old friend. He's been on the world crypto network several times. Richard Hart, the creator of hex, a strange system where people locked up their money into deposits to then get more money later. I'm not sure how it turned out has now created a new system called pulse chain and pulse X decks. Apparently, pulse chain is synonymous with Ethereum while pulse X decks is synonymous with uniswap. As the article says the two form together to create a bizarro crypto world where Richard Hart is akin to Satoshi Nakamoto despite apparently showing his backside publicly and showing off track suits, gold chains, cars, and twerking. He has vulgar displays of wealth. And now they say that the projects in trouble because they actually released software, which the article suggests the scammers perhaps not to. Josh Shagalla, what do you think of Richard Hart, Hex, pulse chain, and now pulse X decks and all of the fun? I'm just never a fan of people flaunting wealth. It just aches me. I don't know. Having bobbles around you. Look at my bobbles. They're so shiny. It's just, anyway, it goes back to the old two weeks TM thing, you know, in Bitcoin it's been on that forever. Two weeks TM, when is it ready? It takes a long time to write good software in the crypto space, especially if you don't want to get hacked. If you're writing smart contracts that are holding a lot of value, you've got to check, check, check again. You can't rush this stuff out. You can't move fast and break stuff. You have to be careful. So, you know, I mean, I don't know. I find the whole Hex thing weird. It's never really interested me. It's the whole pulse chain thing. It just seems like an extraordinarily clever marketing team that manages us to get a lot of content creators to create content. I'm not sure how they do it. It wonders me somehow. How do they get so many people? The same with like, you know, Andrew Tate, for instance, gets kicked off with band or everywhere, but managed to get thousands of people all creating content on his QAF. It's amazing. I think Richard Hart uses a similar technique. I'm not sure how. But yeah, just, you know, this is when you're looking for projects to support in this space. It's important to look at what they're actually doing and not just because you're hearing a lot of voices talking about it. It is pretty irresistible though when a lot of voices are talking about it because you just then think, well, it's going to go up in price because a lot of people are talking about it. But in this day and age, especially with chat, GBT and these AI bots that have passed the Turing test, you can deploy thousands and thousands of agents to look really realistic and you've at that sense of, wow, this is going to really go off. There's so much talk and chatter about it. I'm not sure if that was the case. I'm not saying it is, but it could be. And so, yeah, just be careful out there. Folks, and this isn't just hair, so that is for any project. It's really important to get into the community and talk and see how real these people are made, you know, yeah, but yeah, the whole constant display of ridiculous, really paceless, uh, models is disgusting. Well, it has been interesting, Josh, to see the kind of the flaunting of wealth, how people have reacted to it over time because you remember when he was on early world crypto networks shows, he had the cabinet of crystals behind him and he had the cantalabras and he always kind of, I don't know, just like Hugh Hefter kind of thing. It was a very big act from the beginning. And I never found that act convincing as like, I want to invest in Richard's projects. It always seemed to me more like when you go to the casinos and you're like, wow, this is a beautiful casino. They must be losing so much money. They must be giving away so many jackpots. I mean, the people at Blackjack are really good and the casino must suck, right? All these lights and the carpets and the glamour and whether it's, you know, Richard's jewelry or tracksuits or whatever. It's like, I didn't, I never saw it as a reason to invest. And then of course, historically, and again, according to the internet allegedly and so forth, he's Richard Schuller, the spam king. And I find it's kind of different discipline that Kondas doesn't mention this. No disrespect to, you know, his past and so forth, but a little line kind of saying he made a lot of money spamming people would maybe let people know like if you want to invest or not. And again, you could maybe see that as a positive. He's good at email. He's good at marketing it. And certainly he is. So Dan, Eve, what do you think about pulse chain pulse decks X and all the latest from Richard Hart? Well, it sounds like there's definitely a lot of launch drama, right? So there's millions lost in fees from pulse deck specs to pulse X decks that we've got. So there's a little tongue twist, isn't it? And also, if you get a scan.pullstain.com, I mean, it just says like there's a problem loading your charts. Something went wrong, click to reload, something went wrong to reach. It's a bit, it seems like a bit of a blah, blah, blah, blah. But I'm, you know, I'm not going to like, I think I think it, you know, he managed to pull it off kind of and have a pump with Hex. It's the sort of person that as you said, he's the marketing sort of falls behind him. And he has this very, what's the word, militant army of content creators, but not just that, but these, you know, it's a shill army, right? Like like equivalent to the 2017 XRP shill army. And it doesn't matter if you've got something that's of substance or not, if you have a crazy shill or you're a giant long running ICO like XRP, if you've got a shill army behind you, you'll make it go somewhere. And then that's, that's obviously pretty visible with that latest Pepe, right? The Pepe, there's the Coinbase listed in all sorts that literally says on the website, this has no utility. This does nothing. There is no financial game like you are buying literally a joke and it hit a billion dollar market cap. So regardless of whether it's got utility or not, it's the army behind it that kind of pushes it. So it's going to be sad when obviously it pumps and crashes. I do think it's probably going to pump because Richard Hartz, he has got this, this, this militant crazy following that, you know, almost at the same level as Craig Wright still has these people that sort of, you know, they're blind to the evidence about, you know, the great, the Satoshi claims. And so, you know, maybe he does actually deliver something that's the equivalent of Ethereum, but that will not make that level, but as in, he delivers something that has some form of utility. But at the moment, there's issues with like the blockage for now. If you go on, there's also general kind of migration issues. It looks like pre-indexing of pre- if post chain fork data and read about the stable coins that are like some of the Ethereum data has been cloned onto post chain as well, but the stable coins exist but don't exist because obviously they're not supported because they're not backed whether you're whether or not you believe the stable coins are backed anyway. So there's all these kind of weird oddities with with with post chain. And this will happen, you know, over and over again with all these different projects that that kind of pop up and say they're going to replace Ethereum or be better than Ethereum. But did not also read that the one of the reasons it was made was for cheaper transactions, but when it can be cheap and then obviously what happened, it went expensive, but you know, as they all, you know, it all seems to happen. So whether they managed to unclog this toilet, they've got Diner Rod working on it right now and they're pushing that pushing that poop through then they managed to unclog the chain as it were. Yeah, I don't know, but ultimately, I sent posted to really unclog it, you have to post chain it with the plunger. Yep, they really said pulses of energy. A pulse plunger, pulse plunger device. It's unclogged, it's unclogged guys. Adam McBride, you're new to crypto. I mean, Richard's got a cool hat. He's got sweet jewels. He was pretty buff the last time I saw his show. Are you buying this? Are you getting some some pulse chain on the early sale or something here? Yeah, it's really touched on it. He's really a genius marketer at the end of the day. And he knows exactly who he's talking to. He's talking to 20 something, you know, guys who are younger, who are attracted and believe that people flaunting their wealth like that. I mean, let's be on how much wealth does he really have? Who knows? It doesn't even matter. The show he's putting on is very attractive to young men and young men who will buy in, and buy in might be 500 bucks, right? But when you're 18 and you spend your life savings on pulse coin or whatever the heck it is. And what do these people do? These kids are the people who then create the content around his own content and rebroadcast his content. So he builds his army in this way. And it's, you know, at tip. It's really smart. If I were going to start a some crap chain, it's the way I do it. Because you get the people who are familiar and on social media to basically become your marketing arm for not much money each person. And it's quite genius. And it's funny how like on crypto Twitter, I receive almost no information about him. So it's interesting how we're siloed within, you know, our own social media is because I don't even hear about the guy hardly ever. But I'm sure there's whole silos of Twitter that are just full of Richard Hart, you know. So, but anyway, you got to give it to him. But obviously, what a, yeah, I'm just going to build a quicker faster Ethereum. You know, I mean, that dog don't hunt. We've heard that story before. As as the lady said, they call it fast coin because it's fast. But yes, I'm reminded of a similar grifter who's taking small donations. And if you can get a million people to give you $10, that's $10 million. Yeah, that's a lot of money. So shout out to all Richard's fans in the comment section. Not sure if you're in the chat yet, but we appreciate all of the spam that we're going to get for talking about this issue. So moving on to issue four. Sam Bankman freeds. That's the stage to blame FTX is massive fraud on a law firms advice. And I can't wait to get more into this. I can't wait till they tell us what's actually happening. But so far from what we can tell from the article, SBF is claiming that the law firm told him to use an encrypted messaging device, which is probably true, but they probably didn't tell him to have the messages disappear. I'm sure they didn't tell him to make decisions on loans via emoji, like a smiley face means grant the loan and a frowny face means don't grant the loan. But it's a great idea. Blame the law firm. And now his group is suing their former law firm attempting to get their notes and so forth so that they can prove that the law firm told us it was okay. Like the law firm told us it was okay to allegedly co mingle customer's funds, which SBF admitted himself in an online interview during his crazy days. Dan Eve, what do you think about the excitement of SBF blaming his law firm saying it was all legal? What's it? I mean, it's it's I didn't think of this one coming actually, right? Like he obviously would have taken legal legal advice. So it seems like the perfect scapegoat, especially if he's got evidence that the sort of the legal team had recommended certain things all like lied on his behalf. I mean, they lied on his behalf and he knew about it that he's still kind of liable their rights, surely that he's in cooots with them or could have changed the direction and been honest about it. But it sounds like he's kind of clutching it straws and he will obviously try anyone he can to blame apart from showering the blame himself for the crazy for the crazy operation that was there was FTX. There was the legal one of the legal guys from his own team defected to they weren't defected, but you know, went across to the other the other I think it was the other really probably the other legal team that was that was trying to sort out FTX. So it seems like the person he's trying to pit it on has also tried to worm their way into to kind of build start building their own defense and freedberg, that's a time for freedberg, so the former chief renegative regulatory officer. So it's definitely the kind of gift that keeps on giving this is going to go for a long while, right? I don't know how long this trial is going to be going to be on for, but again, it'll be used as this stick to beat Bitcoin with even though it's it's it's a it's a separate company that's run by a person that's not open that's not open source or sorry, it might be open source but then today it's certainly not an open and transparent company with all the crazy stuff they did. So it's going to drag on for a while, it will be it will be the stick that's get the Bitcoin gets beaten with especially when he actually gets some prison time, which I'm you know, really doubt he's not going to get prison time, especially when you pointed out he literally admitted they combing called customers fun. So in that interview, I don't recall him saying my legal team suggested I do that, so that's you know, you're you're admitting responsibility there. That's a that's a big thing. Yeah, it's not it's not looking good for anyone involved in that that whole fiasco really, and even as much as they they're trying to you know, paint Caroline is the kind of innocent the innocent girl that was swept away by by the hunk that is sandbagged and free. I don't think she's going to come up. Why did it in the piece of you? Yeah, yeah, I don't know if she'll do time or anything like that. You know, maybe the case that her and the other co founder or the the the valameta that end up coming out, you know, doing the whole once it's called grass thing and then sort of getting off the hook and then probably end up becoming quite successful because then they could use that popularity of escaping the clutches of the Lord to then build their own business, which ends up being quite successful because you know, they they can ride off the back of the marketing and the fiasco that is ftx. So there's kind of the gift that keeps on giving in a sad way, but it's interesting. It's interesting to read and how how how muddled it is and how it's just an an entire cluster cluster dingon as it were when say the f bomb, but it's also sad for all the people that that lost out on on on money. I think there's still people also clutching to stores with the the ftx investment in in open AI, right? The fact that there's on their budget shares and they did make some pretty sound investments, whether that money goes back to the holders, the token holders or something like that. I don't know, but there's definitely a, you know, there's still there's a lot of copium and hope and got going on with with some of the actual successful investments that were made. I also think they were able to claw back a significant amount of Bitcoin recently for the ftx creditors and so forth. But as you guys were saying, is this the face that launched a thousand ships and burned the topless towers of ilium? We also have a report from sam's defense team. They say it wasn't me. It was the one armed man having to cry. What do you think of these incredible new developments? I mean, look, smart, rich guys with money have great defense teams, right? I mean, we all know this guy's he's going to do some time. It's going to be soft time, maybe a couple of years in some like minimum security prison. He's going to, you know, he's going to be out by the time he's 40, you know, and that's just the way it is. And we're all going to have to, you know, eat, eat anger and that's it, you know, the bad guys don't really end up paying. It's just kind of a bummer. But, you know, you think about it's so hilarious. Like, oh, well, I was told to do that. And I'm reminded I think it was our friend Jesse Powell said, like, at some point where, where SBF was getting arrested, he's like, understand, like, they had FTX had like, I think it was like 20 employees. He's like, I have 20 employees just in like my, in like one section of one fraud department to think they were running their entire show with 20 employees is like, come on. Like, and this is a thing. It's completely obvious to everybody on earth. But the reality is that our legal system is what it is. And he's going to do very little time. And there's really nothing we can do about it. Well, you know, many fine books have been written in prison. So we'll just have to see how Sam's turns out. Josh, Egaala, what do you think about all of the SBF defenses there are more every day? Well, you know, normally, sharks don't attack the lawyers just out of professional courtesy. But, but it seems to me that now they are. Sam is attacking his lawyers. It's, I think it's a, it's a standard thing to do. I'm pretty sure Bernie made off tried to do the same. I'm sure actually watching the burning made off documentary on Netflix at the moment. But yeah, look, it's of course, he needs to par with the blame off somewhere. Let's see what happens. I think it'll be a really interesting. It'll be a really interesting next few years with this, with this case because it really exposes politics. It exposes the SEC. It exposes a whole lot of other things apart from just Sam. And yeah, I think they need to be exposed for the, for the fallible human issues that he exposed. And the thing is, this is really what Bitcoin tried to solve with the, what was the, the social tried to solve with Bitcoin is, hey, we do it with, with code. Code is law. Code is code is what we're, is the regulation. That's the rule set. And the more that we try to just have, have humans coming in and putting blocks in place and rule sets, the more you just pay off the, the toll bridge person to get through and corruption flourishes. So yeah, it's time for these core cases to hopefully expose it. I don't, I don't have massive hopes for it. He's very unlikely, right? I mean, it's like, you would think that this would be like, oh, this actually highlights how poor, I mean, what this probably is going to end up doing is more regulation, right? This will be like the, the talking point at the end of the day would be like, oh, well, the problem was the SEC didn't have enough funds. You know, it's like the most ridiculous stuff on earth, but that's where we are, you know? Yeah, yeah, yeah, yeah, absolutely. And I mean, even, I'm not, I'm not sure on this, so maybe I shouldn't say it, but I think made off was also very almost going to be heading up the SEC at one stage. He created it. Absolutely, yeah. But the trading, like, yeah, the, yeah, the governance board on the traders, he was, he was like the head of that. Yeah, so all of this, all of these regulators are basically just moats for the legacy systems to be able to control any competition coming in because the, to try to keep up with the amount of regulatory overhead, you just, you just can't as a startup. So this generally what happens, you know, this regulatory capture sheet. But yeah, let's see, let's see what happens to Sam. It's interesting, Josh, you're watching the made off documentary. I just started watching the Theranos mini series on Hulu. And it's so interesting. I think people want to know why she became a scammer and you're watching the early scenes and she's such an overachiever and she's obsessed with Steve jobs and successful people. But at the end of the day, she would settle for fraud like the success getting the billion dollars. It's not about like, you know, Steve and Waz made all these computers changed everybody's life. They're all over my elementary school, right? It's about if I can fake it with his blood device, I can get the billion dollars and Sam in the same way. And maybe as people have tried to kind of make this a larger critique of, gosh, what's it called effective altruism where make the money to do the good becomes really questionable if you have to do horrible things to make the money to then someday do the good. And you know, even in our society, even starting out Rockefeller Carnegie, you know, Gates Buffett, whoever you want to say, Bezos, sure, they give away the money in their old age. But if you look at the youth, they're screwing over this company and this working man and that company and all that. So it is interesting to see that the ends justify the means. I don't even give it away though. That's also for sad. They use it as a tax punch. We're going to go down this rabbit hole because there's a fun one. Also, Josh reminded me of the great and classic joke, which of course I'm forced by law to repeat what's the difference between a lawyer and a hooker? A hooker will stop fucking you when you're dead. Oh, let's move on to the next issue where we're in more trouble for politics. That's right. Biden will end up killing it a serious crypto warning that could spell chaos for the price of Bitcoin and Ethereum as the debt ceiling deal reached according to Forbes magazine. Of course, the serious warning comes from Biden's opponent who's from the other party and is making dramatic claims about his opponent. Uh, DeSantis is an anti gay book burning fascist, but we should take him seriously, elevate his claims when in reality, what the Biden administration seems to be proposing is more regulation that will keep your bank account hooked up to Bitcoin, keeping us in this golden age where you can easily buy and sell Bitcoin with your bank account. The question is why are Bitcoiners always so draconian? Why do they believe everything? Even when it's clear that the source in this case, a politician from the opponent's party might have ulterior motives, might have a reason to say what he's saying, trying to generate this fear. Dan Eve, are you afraid of what the opponent of the political party is going to do? I mean, I'm not too polished on politics, but in the US, or I get to a tidbits of it, but it does seem like there is a bit of a war on Bitcoin and crypto right now, but even, you know, it doesn't regulation even by specifically mentioning it in the debt ceiling thing, right? Saying that, um, that, uh, wouldn't agree on a debt ceiling, ceiling that benefited crypto traders. So again, it's going on this at an old assumption that, um, people who trade crypto, Bitcoin and cryptocurrency never pay their taxes and they're all evil people who probably, you know, go that level, but he's obviously insinuating that basically crypto traders don't, uh, their tax cheats, right? Tax cheats and crypto traders. Um, so there, there is an element of assumptions there. I mean, I don't know much about DeSantis, but, um, that seems, seems quite reasonable. We see this, this kind of assault that's going on. Um, there's, you know, there's, there's, uh, there is also obviously the, the ongoing thing of, um, the SEC being unable to decide whether Ethereum is a security and having their hand forced by, by Coinbase and I actually, I haven't kept up on that, but didn't they have a two-week deadline to make a decision on, on whether it's a security or not? Um, I think there's also, you know, based on the current, uh, government, um, that, that, that, that, as in, you know, the, the, the tip for tax, um, that, obviously they don't, they don't really like Elon Musk very much and there's, there's that other news that's come out that the, the loyal, uh, legal team now is representing Dogecoin and they want that class to the security. Dogecoin is, uh, Dogecoin is a, Dogecoin is a security, goddammit. It's not money. It's, it's a security. It's not a meme. And so they're, they're now trying to sue Elon Musk. So, um, based on the other actions, uh, and the fact that the government, probably isn't too happy with, with, uh, Elon Musk, he's quite outspoken with current kind of policies. Um, it wouldn't be hype, but, but, but, but, it surprised me if they got behind this, uh, Dogecoin deal, uh, and actually said it's a security in that, that maybe even become a cascade of, well, we've now ruled on this, um, we kind of need to do it because we can't let Elon Musk get off the hook. Therefore, now we've rolled out and said that, um, uh, Dogecoin is a, is a security, um, that, that becomes a gold standard, right? The test case, as it, as it were, there could, there could be a plethora of other, um, coins then following suit, right? And saying, Hey, I don't like the, the idea of this influencer or someone, in particular, who's pumping a coin, um, we want it classes of security because we as, we as meme coin holders need to be protected. You know, that's all I mean, which is all in, like, it's not so funny about this is just, just, imagine, um, like, you know, I mean, I was playing with DogeRain and stuff like, you know, until like 2013, 2014, it was all like a massive joke back, back then. And, um, just to think now, you know, you forget about how big Bitcoin is, um, and how solid Bitcoin is and all the, the, the hassle it's causing, uh, well, why do these, these panicking central banks and being adopted by El Salvador? Um, just think about like, if you'd have said 10 years ago, in, when Dogecoin came out, that, um, yeah, Elon Musk is going to be pumping it as part of like an accepting of a Tesla. Yeah, this is, we're living in a, in a, in a crazy world right now. Um, and, yeah, I ultimately, the, there is a, um, there is a bit of a stigma still attached to Bitcoin and other cryptocurrencies that it's tax evasion is, it's, it's for fraud. There was that recent report from the, from the UK Treasury, literally, that pretty much literally said, oh, it's just used by criminals and drug addicts and crazy people and blah, blah, blah. You know, so we're, we are still seeing that we're definitely not out of the woods when it comes to this, it, these kind of insanely kind of not really well backed, uh, claims actually. And there's lots of research, good research that's come out that, that speaks to the contrary to that. So, um, so yeah, it, it, it's very much a coin flip at the moment. My, my biggest concern is kind of as, as, there is, is that Bitcoin, um, does end up becoming, you know, Bitcoin is meant to be bi-political, right? It's meant to be, it's, it's, it's a pre-opus or something that anyone from any political party can like, whether you're a democrat, whether you're a public, whether you're a Greek party, whether you're independent, et cetera. Um, and the danger now that we have is that it becomes a public, a politicized thing so that, you know, that all the democrats that, that would have maybe liked Bitcoin now, hey, because Ronda Santis has, has, has, has, has for it. So, therefore, I must hate it because Ronda Santis is, is, is it, is it, um, is for it? Therefore, I must not like it. So, um, I think it's almost, it's, again, it's sad when, to a certain extent, when some of these people, um, that are in controversial, predicate, prepositions, um, back, back Bitcoin, because it then gives the people when the opposite, uh, thing, more ammo to just moan about Bitcoin, basically, you know, oh, Ronda Santis likes it, that it must be f- f- f- murders and stuff like that. Or, you know, if so and so Biden likes it, then, then it must be f- it, you know, it would be the same thing, right? If you've Biden said, I'm all for, I'm all for Bitcoin, and this is, you know, it's really good. The republicans will be going, ah, r-r-r-r-r with pitchforks going, but Bitcoin's the, the doom of the earth, and you, you, you, you may even see a crazy environmental flip, like the republicans then going, hey, we've got to stop this Bitcoin mining because it's, it's killing the earth. And, and then, you know, all sorts, it's braiding cats and dogs and, and Ghostbusters and all that, I still can't remember that, that phrase, but that's a god living together, massive stereo. That's it, that's the idea. Mass hysteria, and we are edging towards that. It's, it's, it's crazy. And then, don't forget about that. So, just to digress really quickly, the thing that, um, shocked me today that, that I read, um, slightly off, off topic, but still, again, the craziness of the times we're in, that, um, the US Air Force was testing simulations of, um, of autonomous drones, um, who, who killed the operator because the operator stood in its way. And so, like, you know, we've just got all sorts of craziness coming. It's, it's going to be a wild ride. The 2020s were, you know, it's going to be the, a very wild ride. That's for sure. Um, with Bitcoin, with all these new innovations that are upending the, the traditional world. Um, so, hold on tight. See, now I'd agree there's a war. And I've always seen politics as a part of Bitcoin. I've never seen this as just an investment. I think a lot of people saw this as it's just an investment, but really, the politics has been there, built into the system the whole time. And I think the important part to know about this war is that Bitcoin and crypto are going to win. They're going to win rather easily. And that's when you have someone who doesn't know anything like DeSantis getting out there and saying, Oh, Henny Penny, the sky is falling like, don't fall your cryptos. And I don't think that's a good idea. I don't think that's a smart idea. But at the same time, I do think we're living kind of a golden age where you can link your bank account to your crypto and you can buy crypto and sell it with your bank account. And that might not always be the way. And if that goes away, the price will have problems as well. And everyone will say Bitcoin's dead and crypto is dead. And then it'll just survive. It'll just keep being used. We'll do the whack a mole country thing like this has always been kind of 404 or ordained right pre ordained like it's going to happen. But at the same time, like I'm not offended by this happening. I feel like it's a natural thing like the weather has to happen. Like there has to be a reaction to an invention as large as Bitcoin entering to the arena. And it's going to take political readjustment like Danisang reassignment. Like are we for the environment? Are we for the Bitcoin? Are we this and that? Adam McBride, what do you think about Biden versus DeSantis? Left versus right and cryptocurrency stuck right in the middle? Well, I think you're right. I do think there's a war going on and a war against crypto. And you know, I'm out the belief that they're coming for the self-custody wallets. I mean, I think that that would be the end game on. Call it one side, whatever side that may be. And it may be both sides. The reality is is that both sides that are in power may not want crypto to rise. And DeSantis or Trump or whoever might be pro Bitcoin just to get those donations. But at the end of the day, if the US banned self-custody wallets tomorrow and made it illegal for the US citizenry to own self-custody wallets with fear of jail time, uh, boy, crypto would be in trouble. I'd probably have to give up my US citizenship and it would be all hell, right? That's not to say crypto wouldn't survive because I believe free people will survive in this world. But boy, it would be it would be a sad, sad day for freedom. And it's on the table. I mean, it's it's definitely not off the table. And I think, you know, over the next few years, this is, you know, the battle lines have been drawn. We've seen it COVID kind of woke a good portion of us up to what's happening in this world. And I think, you know, free people all over the world are going to have to make choices here. And, uh, and, you know, are you on the good guys? Are you on the bad guys? It is possible they could come. They came for the gold wallets in 1933, the gold seizure under FDR. But once again, I think with the digital item, it's just going to be so much more difficult. I think with the physical item, I gold with its weight with the way it takes up space, uh, the more gold you have, the more space it takes up, uh, both sides, both political parties, the entire world against Bitcoin against us. I like those odds. Once again, I think we're going to win easily. Uh, we've already, you know, defeated the music industry. We've defeated the movie industry. We, you know, why can't we defeat the banking industry as well? We telephones, telecommunications, so many industries lying in the news. Did you see the news article just the last couple of days about, um, certain countries in the EU, uh, forced by an answer to basically delist, you know, privacy coins, right? You used to guys maybe saw that come across your feed. You know, this is kind of what's the road they're going for, right? Uh, it's, you know, privacy coins are, uh, you know, for, they're for legal activities and also on and so forth. So it's all of this kind of like myth that they're creating around, you know, tax evasion drugs and weapons, right? And, uh, you know, privacy coins first and then it's Bitcoin, right? It's just like, it's this slippery slope that trying to create a narrative. And I think frankly, it's up to us as people who believe in crypto and believe in freedom, uh, to come up with better narratives. And I think Bitcoin was smart to do this one of like, oh, mining actually encourages, you know, innovation in the green space and all that sort of stuff. That's the kind of narratives we need, uh, to fight the, the, the battle of the mines. Josh, Shagalla, what do you think about the future of Bitcoin? I mean, first of all, I mean, the centres as far from the fascist list, I mean, you know, if you look through history, you see what a real fascist, you know, something else. But, um, but, first of all, the Forbes, this article is ridiculous. It says down the bottom that Bitcoin and Ethereum lost $2 trillion. What? It is, uh, their numbers are all out. Like they need to do a little bit of their fact checking. They're so into fact checking. They should fact check themselves a little bit on that one. Um, but yeah, it's, um, there's always a war. This is why the Toshi was anonymous, state anonymous. That it's always a war. There's, there's, it's never not going to be a war. Um, they can't ban it because AI can't do KYC. It needs crypto, uh, if it wants to join the economy. Um, AI will use cryptocurrency. And so really, at the end of the day, it's a losing battle for the people that want to stop this. So it's not really, uh, I don't worry about it. I just think it's more politics playing around nonsense, trying to get political score and more donations or whatever. Um, yeah, I mean, as a, you know, as a libertarian, with an archa-capless type, I don't really have that much interest in what politicians have to say. All I say is let's be building cool software and, um, allow people to download it and use it. Um, and not even allow people. It's just people will find it and use it. Um, it's not about allowing anything. Um, so how we'll see what happens. We'll see what happens, uh, with this, you know, America can go around the world starting war from the name of freedom. Um, and then go around banning or, or have this operation choke point 2.0. I mean, it just sounds ridiculous, you know, country that, uh, that waves its flag under the notion of freedom and then ban something. So, uh, both freedom loving, um, it just doesn't make any sense. So, yeah, that's what I've said. I do think we need to rise above the left and the right. I think there's reasons for both of them to hate crypto and reasons for both of them to like crypto. And we'll probably see that in the future. As, as Joshua's saying, uh, when the founder of Bitcoin is in hiding because he doesn't want to become the next prometheus, chain to a rock with a bird eating out his liver every single day, it's hilarious that people think this is just an investment, not a war that you can separate politics from this, that you can separate all the ways that Bitcoin was set up as an economic system, even the halving system, which is going to be coming up in the news pretty soon. I'm sure, uh, again, a political choice, an incredibly political choice to have the early investors rewarded, the later investors not rewarded. And on a four year kind of time schedule, which is a similar thing as the American elections. It's very interesting choices when set up Bitcoin. Let's move on to the exit question, will Bitcoin be a major issue in the US presidential election? And how will it be framed? Will it be the classic silk road framing? Will it be innovation, environmental destruction, only criminals, drug dealers, Dan Eve, is the US going to be interested in Bitcoin in the presidential run? Um, I think that that may be decided more so when, because Biden doesn't, hasn't really spoken much a huge amount about Bitcoin and crypto currency. And if is responsible, it's a bit about it though. So it kind of depends, I think by the sounds of it, if Trump, like is, is still around and there's a dissentist, if dissentist ends up being the Republican prior, I don't, again, I'm wrong, I'm not going to confess it too much about it, but if dissentist ends up being that guy that goes head to head with Biden, then I think we're going to see a massive, um, you know, um, clash of the Titans when it comes to arguing about Bitcoin and, and, and that's when we'll really see the polarization political polarization from, from that side. Um, but if it's, I think it's, if it's Trump, they're going to have way more things to argue about those, those, those two guys there, um, we're Biden and Trump. Um, so, um, it will continue to be politicized. I think there's no, there's no absolutely no doubt there, especially as more, the more controversial figures, um, based depending on when, when ever side you're on, the more the controversial figures, um, or the more, um, I suppose controversial, but one side and the more, um, you know, on a pedestal for the other side, right? There's the more you have those conflicts, um, to, you know, discussing Bitcoin, the more we'll see the polarization and the more politicized it will be. Um, but yeah, I can't see it happening too much if it's, if it's Trump, I don't know, I just think it's, if it's Biden dissentist, then, then, you know, we're, we're already seeing the start of that, that epic wall, um, of, uh, yeah, political polarization. I agree. Dan's really tough for the Trump's team to bring up any new issues. It mainly seems to be grievances and court cases. If it was dissentist, it might be different. Um, be strange as well, though. Adam McBride, what do you think? Will it be a major issue in the presidential campaign? I wish it was, but the odds are no. Um, most Americans don't care about Bitcoin. Most Americans have no idea what a decentralized ledger is. They have no idea what it is. Um, like zero. They don't get the idea of a public blockchain. What's the difference between a public blockchain and a private blockchain? They don't know, like Bitcoin 101 needs to happen. A new, uh, is what I've learned what, when we've, we had this ordinal kind of thing kind of happen on Bitcoin over the last, you know, three months, four months, um, like there needs to be a new wave of Bitcoiners to explain what the hell Bitcoin is to Americans and to the world again. Like we are, we're back at stage one. That's where I look at it where we need new people, uh, to tell new stories. Like it can't be Antonopoulos telling, you know, his geeky version of Bitcoin. It needs to be tick tockers who say why, you know, decentralized money is a good thing and telling these stories. Like we need new voices, to convince new people why Bitcoin's important. And so do I think a bunch of 80-year-olds are going to tell about that now, you know? So it's time for a change. We need, we need new Bitcoiners in here to tell the Bitcoin story fresh. It would be nice to know their opinions on end-to-end encryption, though. We'll see that in the, in the debates. Josh Egala, what do you think? Bitcoin, a major issue in the campaign or maybe next time? I think to Adam was saying, I think it's more that we need a kind of cosmic event for a new American century. No, it's really, uh, it's actually, um, I think it's more about that, though, that that does need to be a huge banking crisis for the mainstream to understand why it's the Toshii created, the thing that he created, or she or whatever. Um, it's, you can't have TikToks saying, oh, blah, blah, blah, because all you get is a speculator. So we're like, oh, I can make some money from this, um, or maybe the archlectors, but even the archlectors are, oh, I can make some money. Like it's really sort of fundamental, the foundationary fundamental value proposition to be understood, there has to be an in your fucking face, how to close make event, to say, look, man, there's the exit door. Oh, you're probably right, man. Yeah, you know, sadly, you disagree with the event. I don't disagree. Sadly, sadly, sadly, sadly, but, um, but yeah, I don't know what the, was that the question? Maybe we can get some people out out of the exit door before the, the feelings on higher maybe. Well, that's the hope. That's, that's the hope, right? And that's why I keep saying to the Goldbugs out there and the Bitcoin has stopped fighting. It's not about gold versus Bitcoin. That's the most ridiculous divisive, divide and conquer strategy crap that I've ever seen. It's Bitcoin gold versus VR and versus this nonsense because the end of the day, it doesn't matter. It cares if someone buys some gold over Bitcoin, at least their shit is out of the banking system. Um, that's all that matters because it's going down folks. They, you, or, you, it's either going down with massive inflation or it's going down with massive destruction of the economy where everyone loses their business because they can't afford to pay off debt because they've raised the interest rate so high. So it's, it's one or the other. Both, both equal failing collapse. Uh, and maybe they can kick the can down the road, but kicking the can just makes the cataclysm even bigger. So get some of your savings, only keeping them as much in the bank as you're willing to lose. Yeah, with Josh there, I think that we, it's been what, uh, it's been, uh, 50, so it's been a lot of time now, right? Since the 2017, 2008 crisis, right? We've, we've seen to be very over two. One, we've had obviously a few banks, um, it failed this year from, from the US, but, um, it's going to take something big to really, uh, for Bitcoin to really resonate with the rest of the world again, because obviously it was, it was born after the financial crisis. So, um, we haven't, Bitcoin hasn't gone through one yet. I mean, I saw it gone through insane inflation, but the money printing exercise that, that, that just has been incredible, but they actually also agree with, with, um, with Glenn in the, in the chat that, uh, he's saying, I think people in the West particularly do not, I do not understand crypto, their currencies are relatively stable and that's, that's a very good point that, um, where, where we have, we've experienced inflation and that, um, was a bit of a catalyst for Bitcoin's, uh, meteoric rise during sort of 2021-22, um, but, but what we haven't seen yet is, is, uh, is hyperinflation in countries that have experienced that are seem to be way more, um, uh, way more, uh, uh, uh, uh, uh, uh, not susceptible, open, open to actually looking at Bitcoin as a serious, um, you know, source of, uh, sort of source, uh, so serious form of money, um, and then, you know, and the other thing, the, like, and that's where you see the banning, that's where you see the banning happening too. Yeah, yeah, and we, and also we haven't seen more, there's been, what, there's one other country that's role, there's said Bitcoin, Bitcoin is legal tender than, else, sourdough, um, but we kind of thought there would be a cascade, right? But it's gonna, it's a slow one. It's, it's becoming slow right now. But the more the dollar affects these countries, that, that aren't able to print the dollar because it's been printed on, on, you know, by the US and, and they don't have, uh, they use the, the US dollar, but, but, so don't have any control over it. I think, you know, that, that's also, um, where we, people are a lot more receptive to Bitcoin. Yeah, so I think banking crisis, um, you know, more inflation and, and, uh, and stable, the stable currency is becoming unstable will really be the, the catalyst for, um, for, for, is it hyper Bitcoinization? Is that what they say? Is that what they hit cask all out, right? I think one of the reasons we haven't seen a cascade of other countries joining is because of bad timing. El Salvador bought the top and just like we were saying at the beginning of the show with Adam's friends and all of our people, oh, we're gonna load up at 20k. These countries aren't gonna buy until they see El Salvador successful. And by that time, it'll be too late, right? The cycle will have shifted, of course, but especially when the world bank actually on the show goes, are you sure you want to do that? You know, with a little bit of a threat in the background. I'm sure you guys talked about it, uh, in a couple of weeks ago where the, the world bank, you know, forced, I can't remember the country now. It's, it's lost on me, but, you know, forced them to basically ban crypto in order to receive world bank money. I mean, it's just, yep, yeah, clear what's up. Absolutely. Absolutely. Well, we're running out of time. So we're gonna move on to prediction or story of the week. Dan Eave, do you have a prediction or a story of the week? You get to go first. Um, I, I get a key. It's a story, a story of the week. So, uh, so, so I think I can't remember exactly Tom exactly the, the chain of the chain of events as it were. But I think, unfortunately, my uncle passed away and I think yesterday, and he was the guy who's yacht we went on that may have inspired your chain. And, uh, and when we're in the, the motor conference. So, yeah, it was sad times, but maybe think about how funny that was, that, that, that trip out there and interviewing all these people and, and they're selling all their crazy ass ideas about, you know, I know raisins on the blockchain, all sorts of crap like that. And we were every time they, they would try and pitch us their crappy idea, we would pitch them yacht chain and, uh, and leave them absolutely baffled. But they, they realized they had to respect our idea because it made them realize how crazy their idea was. So, um, yeah, RIP uncle, and thanks for, Raymond, thanks for, uh, thanks for helping us deliver your chain to the world. Well, sometimes they would take us seriously and they'd be like, yeah, yacht chain seems like a good service. We really should keep all the yachts on a blockchain and, and keep them connected. And then, uh, one of the other great things, Dan, we did that little, uh, like lifestyles of the rich and famous in multi video and all the sailboat footage and all the boat footage that we actually shot that. Like I actually, you know, held up the camera or the phone or whatever it was. And, uh, thanks to your uncle, we were able to go out on the boat and shoot that footage. So it was really neat, rest in peace, uh, uncle, Raymond, and, uh, it was good times out in Malta. Adam McBride, do you have a prediction or a story of the week? Go ahead. Um, good news for Bitcoin. Uh, I think it's going to be a, uh, ordinal summer, uh, on Bitcoin there. I've never seen, uh, in my since 2016, I've been in crypto. I've never seen a movement as large as this, uh, with development and things happening. Even, you know, NFT summer of 21, uh, people were releasing NFT projects, but like building stuff, building infrastructure, wallets, marketplaces, the rest of it. I've never seen anything like it, um, since 2016. Uh, the only thing that was comparable was like around crypto kitties and the, the movement of developers after kind of crypto kitties popped and people were like, oh my god, I can make money on Ethereum. Uh, this is something special. I think all Bitcoiners should be pretty excited about what's, what's happening on Bitcoin right now. Well, we, we have reached the point where people that you think should get it have started emailing me saying, what do you think about ordinals? I'm like, oh, for at this point already, you should have got them six months ago. Six months ago. Yeah, I had thoughts about them, but now it's like a crazy move. I have no, you know, it's on its own. It's doing its own thing. It doesn't matter what I think about it. Like, it's, it's something. Uh, so it is interesting to see, uh, how that will turn out. And again, I like the idea of the miners making money, uh, for the block space. If in a general way, if you want to pay for the block space and that's the price of the block space, then you should pay for it. I mean, if I mean, look, we thought we had a hundred years to figure it out, right? And this is something, you know, that this kind of best first use, uh, to pay miners in a, in an interesting way. Um, I think it's great. And there was an initial kind of push of resistance, you know, for that first month or so with the old school, Maxi devs who were like, no, no, no, and, uh, and they quickly lost like it was, it was decided like within a month. And I look at, uh, Junior, look, Junior still wants to make small, but he's gone though. He's off a Twitter. I mean, Elon took him down. He's a voiceless. He's, he's nothing anymore, you know, and so, uh, yeah, and I know Luke, um, and but he, they were overrun. Uh, they were overrun. And I think, I'm very bullish that, that we've kind of moved into a new era of Bitcoin here. Uh, we're calling it Bitcoin season two and, uh, excited to be a part of, of the brand new Bitcoin. Awesome. And of course, it all started with curio cards and our idea to put JPEGs on the blockchain. Yes, that's the story that saved Bitcoin. It wasn't a vitalic and Ethereum or coin base or any of the things. Who would have thought JPEGs? Is there anything? Is there anything NFTs can't do? Is there anything they can't do, my friend? Beautiful. It's beautiful romantic story. I can't wait to see how it turns out. Uh, Josh, should go out, do you have a prediction or a story of the week? Go ahead. Yeah. Well, actually, I mean, we're doing a bit of pioneering in the NFTs space ourselves, uh, with the standard, you'll be able to sell your debt and your collateral in a dynamic NFT that will actually throw in the SVG, how much collateral you've got in your smart vault and how much debt you've taken out. And if you can't afford to pay that debt, even though it's zero percent interest, so you need some liquidity, you can actually, um, put it up for sale as an NFT and someone who ever buys that NFT then has access to your smart vault and can pay it off the debt and take out the collateral. So, um, and we're launching in June, uh, finally, uh, you know, it's been, been a year and, uh, maybe two, uh, that we've been working on this, so, uh, and they've a lot more to it. Uh, and uh, yeah, we're thinking about Arbitram, we're thinking about ZK, roll ups. Um, folks, please, uh, give us your, your thoughts over at the standard.io, join the discord, give us your thoughts about what you think about Arbitram, because we're really seriously discussing that now, uh, rather than launching directly on ZK EVM. Uh, I love the zero and only proof stuff. I think it's actually the end game. It's the, the true roll up to roll them all up, but in the meantime, the optimistic roll ups are still pretty cool. And uh, all the defi stuff is happening there. I wish it was happening on a Bitcoin, um, uh, sidechain or something, but it's not happening over there. So that's where we're thinking about launching and, um, but yeah, some really cool stuff happening this month at the standard. I'm just super excited, super, super excited about what's happening. So, um, yeah, come and join, join the chat and tell us about the phone. Thank you. Thanks. Yes, of course. And, uh, hey, that's sorry about your uncle, man. Yeah. It's so good. It's cool. It's absolutely legend. Lovely going. Yeah. Yeah. And my story of the week is that I finally saw the Super Mario Brothers movie. And it was much better than the 1993 movie, which I watched immediately before it. So I'd have both of them in my mind and I could compare them. Of course, I've also seen the Mario Brothers Super Show that used to be on afternoon television. And this does mean there's going to be a plague of video game movies coming in. Metroid, paperboy, dig dug, Donkey Kong one through four solid snake and even Tetris. Oh, wait a minute. Tetris is already a movie on Apple+. And I saw that too. It's great. Tells the story. It's fascinating. And you got to check it out. I also watched a great documentary about Lichtenstein. It really seemed like he stole all that comic book artwork. So you guys got to check that out. I got a poll on Mad Bitt Coins Twitter. If you want to vote on Lichtenstein, great artist or thief. So yeah. And if you if you love the show, you give us a thumbs up. That's right. Give us a thumbs up below. Add a comment if you're watching later. Hello to the chat. And until next time.