#374 โ€” The Bitcoin Group #374 - ETFs - Binance MegaCrash - Tesla - Stoner Cats - Coinbase

๐Ÿ“… 2023-09-16๐Ÿ“ 6,311 words

Coen Group, the American Original. For over the last 10 seconds, the sharpest citocytes, the best bitcoins, the hardest cryptocurrency talk. We'd like to welcome our panelists, Dan Eve, the crypto raptor. Greetings, Bitcoiners. And I'm Thomas Hunt from the World Crypto Network, moving on to issue one. Issue one, gray scale beat the SEC. Can Bitcoin ETFs be far behind? Yes, we're still waiting, but for how much longer, as gray scales win over the SEC at the district court level seems to have opened the door for a retail Bitcoin ETF. As we've said before, they said, it's a question of when, not if, and saying that the SEC's ruling was arbitrary and capricious means that it's time for it to go. Dan Eve, will we get a Bitcoin ETF? Yeah, it seems like it's definitely more and more becoming a case of when and not if, right? There's since the last show, is it Franklin Templeton? Also, requested or put their request in whatever it is for a spot ETF. So it seems like it's definitely, it's definitely going to happen, right? There's too many trillions of dollars now involved. I think someone did this someone how many trillions. And I think it was something like 14 trillion dollars worth of asset under management as in firms that have now applied for spot ETFs. And that's an incredible amount of minutes, you know, it's Bitcoin is still what? You just teetering around just under a trillion dollars, right? So this is like 14 times as much, half a trillion actually. So you know, that's a huge amount. 28 times as much funds under management that have now been, you know, put forward this spot ETF. So it is coming, right? Now whether they decide on Grayscale becomes the first one almost to kind of grace them with the with the way the long way that they've had. I mean, I mean, I mean, it's just a very gensalist still has is kind of not too fond of the general crypto markets. He said recently that it's really again with his rife of fraud. That's obviously not Bitcoin. The Bitcoin landscape's very vastly different to cryptocurrency. And I think everyone's beginning to see it a bit like that, right? You know, the more so you've got everyone that's piling him when they hear about Bitcoin doing well. And they go into these other, these are the crypto currencies. These are the shit coins. And and everything gets whenever any bad news happens about Bitcoin, whenever they say that Bitcoin's been used for the various purposes of this fraud around Bitcoin FTX, they pick out all these specific companies. But it's actually the wider crypto market and not Bitcoin specifically. So I think this is all generally very good news for Bitcoin. Again, it's, uh, some people hate the idea of the institutions getting involved. But it does lend credence to the fact that Bitcoin is an asset class this or an asset is here to stay. And crypto is obviously still evolving asset class. It's still a wild, wild west. But Bitcoin is going to pave the path. Maybe we will see Ethereum, spot ETFs, you know, not too long after. It seems like once Bitcoin gets the go ahead, that's probably going to open up the floodgates to a bunch of other assets. So we'll see. Well, and that's exactly what I wanted to say, Dan. I didn't want to hurt the feelings of the Bitcoin Maximists. But then again, I'm going to go ahead and hurt their feelings anyway. Bitcoin does all this work, all these years, all these articles, all these companies picking up the flag, saying, we need an ETF. We need to be treated fairly, not just a futures ETF. And then just as soon as Bitcoin gets in the door and has its huge triumph, they're already writing about Ethereum ETFs. And while you said it might not be the larger crypto market, the top five, the top 10 seem like a shoe in to get their own ETF. Because if you can make money trading a Bitcoin ETF, what's to say you can't make money trading an Ethereum ETF or a Litecoin ETF or God forbid a ripple ETF. But yes, it might all happen. This could open the floodgates, not just for Bitcoin ETFs, but for Altcoin ETFs as well. Dan, let's go to the exit question. Do you think that the Bitcoin ETFs after the ETFs, we will wish for the old times when we were not controlled by the stock market money? Like, maybe we were better off somehow. What do you think? Well, it kind of depends, isn't it? Like it's all going to depend on how the market's swinging, when the markets are doing good, people are going to rally, but the fact that the institutions aping in was a good thing. The ETFs being approved is a good thing. As soon as the market starts to crash, everyone's going to go, oh, God, those down, those institutions bring in the price down. So the narrative's just going to change compared to how the markets are actually doing. Ultimately, though, when you're opening up the ability to buy Bitcoin to a lot more of a user base, then that's positive for Bitcoin. And as you said before, Bitcoin's that rabbit hole, that slippery slope where you learn about Bitcoin initially, and you might buy some from exchanges, but the end goal is that you end up learning about the reason why you need to hold your keys, why Bitcoin is such a solid asset because it can't be taken away from you unless, obviously, someone someone literally steals your private key or puts a gun to your head. And the fact is that the end goal for everyone in the education piece is hold your own key. So it's a slippery slope with Bitcoin you start off maybe with a bit of a spot ETF, maybe people putting in for their 401k or their pension, however, however, whichever country you're in. And then you start to hold some, you know, along the way and and put, you know, get used to holding it, right? It's like it is like the Lord of the Ring thing, right? They see the ring and they're kind of enticed way of it. It's not until they put the ring on where they feel that euphoria. And that's it, holding your own Bitcoin, no one can scrape it from your hands. Then that's the end goal. I don't think the Bitcoiners can be happy with anything. I think we'll get to the new point after years and years of saying we need a Bitcoin ETF like you're saying, Dan, so people could invest with their 401ks with their stock market retirement funds. They could put some of it into Bitcoin, and they could have not a futures where you're betting on the future of the asset, but an actual ETF holds the underlying fund causes demand for the fund on the market. And you know, they just won't be satisfied. They'll say, now we're controlled by Wall Street. We shouldn't have gotten into bed with Wall Street. Bitcoin was better off before, you know, back in my day, the Bitcoin price could go up and down just because someone wrote an article saying that Vitalik Booter and he died, something like that. That's not going to happen. We're going to go forward. And again, we don't get a choice as to who make a Bitcoin ETF. Just the same way we don't get a choice as to which country wants to be the Bitcoin country. For a while, there was El Salvador. Again, Bitcoin didn't pick, Bitcoin didn't choose. It was up to them if they wanted to adopt it just as it's up to all these companies, whether they want to adopt Bitcoin or Ethereum or God forbid, a ripple ETF. So we'll see how it goes. I think we better move on to issue two. Find the screen share button and practically put it off the screen. Here we go. Issue two, Binance, CEO issues a frank warning as fears swirl of an imminent Bitcoin Ethereum and crypto price crash. What I like about these Forbes headlines is they don't even bother with headlines anymore. They just have the first part with the news and the second part of it as it says, imminent Bitcoin Ethereum and crypto price crash or price rise. This time, they're worried about a crash with Binance, perhaps in trouble again, the allegedly criminal organization founded by ICO, living the life out there without a home country, moving from country to country as if that was perfectly fine is now under assault. Steezy is saying that disappearing fiat ramps could weigh on the entire Bitcoin Ethereum and crypto market. Thomas Hunt, what do you think about Steezy and the trouble with fiat ramps? This is the first time we've talked about this that Bitcoin is perfect. It's just that it's hard to get it. You have to take your fiat, convert it to digital money in the old ways. You had to convert it to dishwala or oddwala or some kind of thing and then you could send it to Mt. Gox. It was difficult. For a long time at least in the US, we've had coin based. It's relatively easy. And as we said, in the first topic, having a Bitcoin ETF where people can take their stock market money that they're already gambling with or the future and put some of it into Bitcoin, that should help out the fiat on ramps. As for Binance, I do think their in trouble have been in trouble a long time. It seemed once again like a vaporware fly by night thing but then they raised so much money in their ICO or whatever it was allegedly and so forth. They became a real company. They were the biggest exchange in the world operating with all the trading pairs that you want. The only problem is they seem to have been avoiding regulation which we all know ends badly despite how exciting it is in the brief period where they drive around like the Dred pirate Roberts. They always end up caught in the end and that's probably what's going to happen. In Binance, we've already seen trouble with their US branch, perhaps mixing money with the larger Binance branch. Dan, what do you think about CZ's warning about fiat ramps and perhaps the larger issue of Binance? With the current state of affairs with the SEC, it doesn't matter if you've been co-zing up to the regulators like Coinbase or trying to escape them like Binance, they're still going to come after you and find something to try and get you on it seems. Bit traces, another example of ones who tried to stay on the right side of the law and then they've also got sued by the SEC. It just seems like it's like hunting season. The SEC is the bear market. People have lost money. They probably get pissed off. They go and complains to the regulators. The regulators are like, we've got to do something because we've had an influx of complaints. Look at poor old, what's the duty lost all that money? The American footballer was his name from FTX. Tom Brady. Tom Brady, all these famous examples of people that have lost these huge amounts of money and then they've got to seem like they suddenly have to do something. With Binance as well, we've seen this exodus of staff, the risk, the risk and compliance officer. There's been multiple others ahead of the US Binance US. It does seem like Binance is walking on shady ground at the moment. This could just be a case of people trying to reduce their stress over the next period. Even though Binance may not be as much trouble as the media is making out, people just want to leave because they can't be asked to sit through all these insane audits and they just want to get on with their job and progress. Because obviously when you're under scrutiny like that and you're under the spotlight, the chance of innovation gets stifled a bit more because you're spending much of your job actually providing evidence and whatever to regulate is rather than trying to innovate and push forward with the business. It's often a time where people might want to move on because they don't want to be trapped in that cycle of never-ending audit trail and evidence logging for the auditors and for legal cases. Obviously, we're still in the sideways bear market. Pre-ball markets we've seen recently being called, we're floating around the 26 to 30K. In US, so everyone's saying it's obvious it's going to go up, it's going to go down, it's going to go up, it's going to go down. It's an easy route to take, right? You just say both things and you're right in both ways. It just depends which way the market goes. But ultimately, I think Binance, they are in a bit of trouble. I just don't think it's as bad as that everyone's making out that the doom and gloom side of things, especially when you see how ripple, like the biggest ICO ever had some victories in their legal battles recently. It seems like it wouldn't say much about nothing, but it's the usual kind of media hyperbole that exaggerating maybe how bad things are for these companies. I do like that it's CZ warning about the Fiat arm ramps, while meanwhile he's holding the keys to the biggest warning about Fiat arm ramps, the Binance trouble with the Binance US trouble and the possible trouble with the rest of the Binance isn't in Malta, it isn't in France, it's only where I plug in my laptop. Binance is an entity. I mean, we're all into the remember remember remember the fifth of November we're on to what's the film, but yeah, again, Binance is just an idea. Binance is something out there in the world, you know, you can't fight Binance, it's also a little bit of Batman I guess. V for Vendetta, is that what you think? V for Vendetta, V for Vendetta and Batman the dark night, you can't kill an idea. So we'll see how that goes for Binance because I'm pretty sure they can take your servers and they can shut you down and you'd have a hard time doing business. But then again, as you said, Dan, look at BitTrek's who paid off their debt with debt tokens very questionably at the time, maybe a ripple as well paid a giant fee after they paid the fee, everything was fine. Maybe Binance can just pay a giant fee, make this all go away and CZ can continue to deliver us those exciting on-ramps. Moving on to issue three, Elon Musk said that Bitcoin payments would resume for Tesla now that it has crushed this threshold. Yes, Elon says specifically the mix of energy sources leveraged by Bitcoin miners has reached 50% sustainable. Thanks to recent Bloomberg intelligence reports, Musk says that he will allow Bitcoin payments again for Tesla. Dan, do we really care about this? Or is Elon Musk just another fair weather friend who blows about in the wind, his predictions hardly mattering anymore as you can never tell what he's going to do? Well, we're out of the 21-22 cycle where everything Elon said about those coin and Bitcoin seems to have an impact on the markets. It's like almost when people, these famous people's first start getting involved, the price does have a little swing when they do talk and then it kind of, the excitement, it is out right. But there's two things I think ultimately out of this. Number one is that Bloomberg are a respected news source. You have Bloomberg terminals, it's a treasury, it was all about Bloomberg terminals and there are such a trusted source of news. If they're reporting on the fact that Bitcoin mining is becoming more or is now reached a threshold of being more than 50% renewables, then that's actually a good source. We've seen plenty of these articles from crypto-based news sources, which you could argue have bias or tend to cherry-pick dated to make it look like Bitcoin is more renewable. But now you're seeing this in the wider world. It's almost like when a research paper goes out right and it's waiting for the other reputable teams to actually confirm that hypothesis. And then it becomes this, it becomes official science. So we're reaching that stage now where a lot more external testing is going on and analysis is going on rather than it being internally funded. And people are replicating these results and finding the same, which is that there is Bitcoin mining is spurring on renewables rather than taking advantage of just those cold burning factories. But the other kind of, good thing ultimately is like back in the day. Sorry, by the way, my microphone just keeps on switching out from my mic to the MacBook. But the other bit of good news is the fact that I'm always a fan, as I've always been since hearing about Bitcoin in 2013, I'm still excited about a new company or a company that's accepting Bitcoin. So we were excited in 2021, right? When it first, Tesla first announced they'd accept Bitcoin. And it's because this is one of the biggest, you know, fast, it was one of the fast-scrolling companies done earth. They aren't they like the the big, well, they are the biggest electric vehicles supplier. And that's a significant market share that's now opening up to Bitcoin payments again. So ultimately that's a positive thing, but you know, regardless of what we sort of think about Musk and the crazy things he's done, the fact is that Tesla and a huge company like Tesla accepting Bitcoin payments is a significant thing. Now, what would be cool is if I was going to say SpaceX did as well, right? But wouldn't it be cool if someone could, you know, you could pay to go go for a space tourism thing with Virgin Galactic paying with Bitcoin? We need to do more moon based stuff out of the atmosphere type stuff for showing off Bitcoin as a payment full of payment. Well, I do think someone did that down with Virgin Galactic. One of the stewardists or steward on the plane back in the day allegedly paid with a lot of Bitcoin very early and perhaps could have even held those coins. So Elon could take that, but in generally, I'm tired of Elon Musk. I've had enough. I don't like the way that Tesla accepted Bitcoin. Then I'll go upset and co-cadish. Oh, you say that Bitcoin takes power. Oh, my, I'd never heard that before. Oh, go on, Elon. Like, do a little research here. It was like, Casablog like, I'm shocked that there's gambling going on in this establishment. Like again, it was Bitcoin. And even at the time that they canceled Bitcoin, it still had a lot of renewables. Now, it's great that we've passed the arbitrary number of 50%. And I hope we stay above it. So he doesn't have to cancel it one weekend and turn it back on the next weekend or however arbitrary and capricious he wants to run his company. As you said, Dan, it was a great story when it came out. You can buy the futuristic self-driving electric car with Bitcoin. But then again, just like all things with Bitcoin, even the EFF back in the day, they rolled it back and they said, now you can't buy the fancy electric car with Bitcoin. So I'm a little less excited that you can buy it again. And I've also been reading all the interesting stories and leaks coming out of the new Elon Musk book, which I do have on my shelf now and I hope to get to soon. But he's quite a character, much more mercurial, I think than people thought, very much making up his decisions in the moment. You never know what Elon Musk is going to do. Check out worldcryptonetwork.com. We've got 3,121 videos. That's more than three months, 16 days and 17 hours if you had to watch it consecutively like a research project and you couldn't turn it off like a rat in the cage. We've been going for nine years, nine months and two days since our first video thanks to DJ Booth for sending up this website. Moving on to issue four, NFT funded animated series, stoner cats, sorry, Ashen Kustner and Mila Kunis has been fined $1 million by the SEC. They've also agreed to destroy all of their NFTs and attempt to pay back consumers. As I'm sure you guys recall, stoner cats sold the typical 10,000 profile picture images raising $8 million to make an animated series based around the stoner cats property. They claim that the NFTs would become more valuable and the SEC has run them up for being a security. It's a very strange story. Some have also disagreed with this. Some of the other commissioners on the board dissented saying that the stoner cats were like Star Wars collectibles originally in the 1970s before they had the action figure toys. They'd actually send you a certificate. You could then claim the certificate to get the collectibles in the same way. Perhaps the NFTs were similar to that. Dan, what do you think about stoner cats of all things being declared as security by the SEC? NFTs are an interesting thing, in terms of how this is the first one that's been deemed as threatened as a security, at least of the ones that I know. It's definitely a very high profile case. You've got Kelso from that 70s show and whatever Mila Kunis' character is. They've also been in the news quite a lot recently with the Danny Masterson story and complete disaster there as well. Yeah. This is the first seemingly the first threat of an NFT being a security. That's obviously going to send ripples through the NFT world. Maybe this is purely or partly based on the fact that it sounds like they've promised profits. They sold the NFT as the idea that it would be an asset likely to appreciate in value. I think the comparison to the Star Wars figurines is actually a really great comparison because NFTs aren't like ICOs. They're completely different catletfish and they are really more like collectibles. Could you say that those figurines were sold as securities? Well, no, because they weren't originally sold as these will go up in price. These are collectibles that will go up in price. But I don't think that anything sold as a collectus item in first, discreetly, that it's likely to go up in price. Anything that's limited edition is like something that people deem as an asset that could go up in price. It seems like they settled it before we even go into court. They're just straight up said, right, we're going to do the refund burn the assets, etc. Whether this, those are the only they're going to burn the assets that the company is actually holding. But on NFTs, it turned also surely I think they're going to try to buy them back. I think if the consumers are just satisfied, the company is going to offer to buy them back. I don't know the price on that. But yeah, they're going to buy them back and burn them all. So this could end up being, I mean, obviously not all of those are going to get brought back. Is this going to be a scenario where the artist is dies and the artwork goes up. If they're not sold back, what impact is that going to have on the price? They won't have utility. They may not have utility from the company itself because the company can't then turn around and say, oh, you can use this to get into a special club. But you might see other companies that are saying, hey, anyone with one of the few remaining stone accounts, you get access to this special party or something crazy like that, right? Maybe. I do think it's possible that collectors continue to keep them and because of this news and notoriety, people want them even more. Going back to the original case and everything, although I certainly didn't invest, I did think this was one of the crown jewels of the NFT movement. You had a major Hollywood star. He was early on Bitcoin. He was early on Facebook stock, who's to say he wasn't early or at least in the middle of the NFTs. They raised a nice amount of money. Now, I don't know whether they're going to use that to make the show or if they're going to make the show out of your icon number 132 or Johnny's icon number 5573 or whatever it was. That seems like a stretch. Obviously, one would assume they'd make it out of an icon that they own in the same way. Seth Green was working on this show with his crypto punk. Remember, his wallet was famously looted and the crypto punk that he'd written all his stories and ideas about because it was holding a beer can or whatever it was was gone. I don't know if he ever got that back and if he was able to create that show either. But this did seem like an up and up project. They were going to make the TV show. The TV show had collectibles. It reminded me a lot of the Gary V projects where he says, I'm making the new Mickey Mouse and you could own Mickey Mouse and it seems again unlikely to me that he'd base a show around something he didn't own. But if he was to do that or someone else has come along to do that, you would own the NFT. Maybe the legal system's tough, but maybe you could prove that you own the item and the copyright. But big step backward for NFTs. Although I think it's important to note the other commissioners disagreed, solemnist collectibles had their own defense. It wasn't a one-sided commission vote. It was like three to two. Is this like the NFT equivalent event of when who was it? The boxer who sold the trying to sell the Cobb and Hood ICO and the few companies that really got their knuckles wrapped in 2017, the companies that were endorsed by celebrities. Maybe the fact that celebrities were involved was the reason why this company was talking specifically. It all depends when you're promoting something that's a security. It's very complicated. I think it was Floyd Mayweather and Paris Hilton had early ICOs and then got in trouble for promoting them because they were investment in vehicles and maybe they didn't say so or something like that. It's a very complicated thing. But yes, it is a it does kind of tame back the whole Bitcoin and NFTs are the wild, wild west and you can do anything you want when we keep having verdicts like this come down and suddenly cases change. All right, let's move on to the last issue issue five. Again talking about Coinbase. Why Coinbase is adding Lightning support and focusing on Bitcoin? I can only assume they've been watching this show over the last 10 years or so and they've heard our constant pleas for Coinbase to turn back to a good website where they had Lightning support and they had Bitcoin and they recommend it first and you don't have to worry about sending people there and they say, oh, I came back with a bunch of magic beans. You're like, did you get any Bitcoin? No, I got magic beans. It's such a disaster whereas it used to be a great Bitcoin only or sometimes Bitcoin Litecoin and Ethereum. It's kind of big three or big five. Danny, why is Coinbase turning it around and going back and adding Lightning support? Well, maybe this focus on this return focus on Bitcoin. I don't think it's a case of like pandering to the to the pressure from from Maxis because a lot of them we know they're probably not going to turn around and stop kicking off about the fact that Coinbase is shit coins. So adding Litecoin isn't going to change their mind. Maybe this is more a play to get them on the right side of the SEC or something. So they've obviously got this open losses and this legal legal case about the about securities. So by putting more focus on Bitcoin, they're trying to grow that side of the market in case any kind of real ground shaking events happen from a legal perspective about holding these other assets and the staking thing that they were doing etc. Ultimately it's great that they're supporting Litecoin. It's been a long time in the works. Talking about how Binance recently added Litecoin, Litecoin, Lightning and they were very slow on the uptake initially but the channel seems to be exploding and maybe Coinbase is thinking that they can do a lot more micro sailing using you know, Lightning for example getting these micro payments out and try and build up a lot more Bitcoin traffic that way. So I think there's a number of different reasons why they might be might be focusing on it. Ultimately it's good for Bitcoin. It shows that the biggest companies you know on on on in terms of volume trading volume are actually adopting Lite Lightning because it's been a long time in the mix. I mean when we were so go back actually talking about trips to space right when we were starting out trip key one of the things we wanted to do which accepted Litecoin was one of the first I think one of the first I think it was the first hotel platform that accepted Lightning payments for Bitcoin for hotels but we wanted to do a big giveaway which is in some way eventually if the company did well which was sending someone to space right and paid for by Bitcoin we were going to try and jump on that throne but yeah it's great that these companies, only other smaller companies started accepting Litecoin a long long sorry Lightning oh my god if you want to do that Lightning a long time ago. Foltoro right was I think the first exchange to actually accept and to run Lightning you know with with with the high risk of the early days and the the sort of beta days. So yeah ultimately it's good it shows that the biggest companies the exchanges and just general companies are actually accepting Lightning and showing proving that it can work and proving that it can operate under huge volume so this is I think great for for Lightning overall. I do think it's another chance for us a maximum is to you know run a little laps and do a little gloating over here Brian Armstrong forced to accept Lightning Network after the streaming wars. Remember they were in favor of Bitcoin 2x doubling the block size for no reason they were against the UASF the user activated software and they did not support it they actually wanted to keep the Bitcoin cash people on board give them the 2x in exchange for the seg with the seg with 2x which failed the code failed it would have been a dead end for Bitcoin and now they're adding Lightning support and focusing on Bitcoin so there we go slam dunk for the max lists we've been right the whole time and they've been wrong wrong are they still is it I keep I see it every now and then but are they are they still doing coin by still doing that sneaky thing where if you go to deposit Bitcoin it gives you a Bitcoin cash address it doesn't look like yeah I think if you say I don't I don't think they do a sneaky thing but they do bring a warning up everywhere they're like this address is also used on the Bitcoin cash network only send Bitcoin to this address or only send like corner whatever it is it's very funny to see how complicated and confusing their interface has gotten because of this address reuse problem when it's launched in Bitcoin cash but we're running out of time so we're going to go to the magic eight ball will the price of Bitcoin be higher this time next week here we go we're asking again will the price of Bitcoin be higher here we are ask the magic eight ball concentrate and ask again well there we go concentrate and ask again we'll try one more time for the audience see if it's actually working if it loads anything else ask again later the ball does not want to answer to you guys that's it Dan Eve are you ready with a prediction or a story of the week go ahead okay so so nobody can but just a few things right so first of all that I think a bit of a very chance is actually saying now that the price they're sorry the hash rate over the last 24 hours is saying it's 475 x-hashes which is which is huge it's like that's that's a record right but on the actual chart itself I'm sure it's going on it on the actual chart itself is showing it's floating around like the 45 mark I think but that's huge right we're still seeing again with all the the the mixture of bad news that we're seeing out there we're seeing these these glimmers of light right from Bloomberg saying that Bitcoin's now more than 50% renewables and the the hash rate increasing you know over time very obviously over time it's trending upwards there was also that that inch I don't know if you read about the the F2 pool so they there was a so there was a I think a half million dollar Bitcoin fee that was paid and initially people thought it was PayPal PayPal right but it was actually packs also you're like you know they're underlightened technology that PayPal are using but that that 20 Bitcoin has now actually been returned by F2 F2 pool which is quite interesting obviously you know Bitcoin's a push system you could you you could they could have just kept the kept the mining fee but they didn't they decided to give it back which is which is I think interesting which is noteworthy I think of talking about but my story of the week was was hanging out with yourself Tom and going to see in London and and going to see a museum of course and also the book of Mormon which again is was was absolutely hilarious how's the how's the D.G.E. Boy? Yeah I had a great time in London got to see Dan got to see Victoria took in the British museum the Victorian Alpert Museum and like Dan saying we went to Book of Mormon it was a great time I just got back from London I think I'm still on London time so as I said I don't know what time it is and I had a great trip to Europe it was great to see everybody especially the meorka Bitcoin or blockchain conference everyone could check that out next year it's a great time to hang out with all your friends from Europe they all gather one place we have a very sad news today my roommate in San Francisco Aaron Walker passed away about a month ago I'm told he had a heart attack at his parents house in North Carolina it's very sudden very shocking Aaron was about my age about 42 44 he's a great guy he worked with me at BTC Jam and at purse.io here's some images of Aaron I don't know if the audio is going to work let's see that's where using Bitcoin to save money at purse here he is with a Bitcoin ATM at purse just always a happy guy always a smile on his face there we are checking out the 50th Super Bowl which was held in San Francisco and it's just very sad Aaron was a die hard Tampa Bay Bucks fan he's got his uniform on here it wasn't happening I call them bills because he's a Bucks fan but yeah it's just a great guy Aaron always with the smile people aren't supposed to die this young oh sorry him you know it's the Bucks yeah so yeah there he is in the group picture there with all the guys at a BTC Jam but yeah Aaron my friend in San Francisco my friend from Florida passed away far too young at like 44 something like that so here's to Aaron Walker and I hope he's doing good now and it's just very sad so thanks everybody for watching the show be sure to give us a thumbs up down below and until next time

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