the the Bitcoin group, the American original for over the last 10 years, the sharpest citossis, the best Bitcoin, the hardest cryptocurrency talk. We'd like to welcome our panelists, Dan Eve, the crypto raptor. Howdy, howdy Bitcoin peeps. And I'm Thomas Hunt from the world crypto network moving on to issue one issue one SEC meets with grayscale black rock about potential Bitcoin ETFs. The SEC is formerly engaging with asset managers ahead of a much anticipated decision on whether the regulator will allow a Bitcoin exchange traded fund SEC officials also met with representatives from black rock and the NASDAQ on Wednesday, according to a separate memo, the growing confidence in the market that a Bitcoin ETF will eventually be approved appears to have boosted the price of Bitcoin. Dan Eve, we talk about ETFs all the time, but now the SEC is quote unquote meeting with them and the inside sources on the Twitter boxes say that it's going to be approved that everyone's going to be approved that it's going to be like a land rush and the only problems going to be too much Bitcoin ETF advertising. You're going to be seeing too many people on CNBC advertising. Have you invested yet? Have you put your fortune in a safe place with a Bitcoin ETF from black rock from grayscale from Valkyrie from every country and company? Dan Eve, what do you think is this the end? Do we get Bitcoin ETFs? It seems like it could be right. It could be that Oprah Winfrey you get an ETF and you get an ETF and you get an ETF moment where they just get like a landslide of ETFs coming. There's obviously a lot of hype about it. There's a lot of rumors, but then what's rumors do you do pick? There's still rumors saying that they're going to reject the ETF and this is all just a bit of hype to widen the markets up a bit. It's been going to be setting everyone up for a quite a big fall if the ETFs do get rejected. The windows now move to the fifth, I don't know if it's moved, but it's between the fifth and the tenth January 2024. We're looking at just over a month away. In less than a month and a half, we can have a decision that maybe multiple decisions on the ETFs. The main thing is the discussions are moving forward. There's not outright rejections. There's obviously the ongoing legal case with grayscale. I don't think that's fully concluded yet. There's a sort of putting a stay on the decision. It could go obviously. It could go either way. I'm concerned though that if we get an ETF, a pretty multiple ETFs approved, there could be a bit of an overhype that happens before the halving, which kind of dulls the mood of the halving if there's a dumb afterwards. That could reign on our party, the halving party for 2024. Hopefully not. Hopefully we have double positive in terms of getting the ETFs approved. Also, we have our halving. We can have our cake and eat it. Have our Bitcoin and spend it as it were. I think you're taking the words right out of my mouth right there, Dan. We're going to have our cake. We're going to eat it too. We're going to share some cake with everybody around us. I think we want to look for those two big words. Supply shock. Supply shock. What does it mean if they approve say five ETFs? That's five ETF managers who have to go out there and say, let's say that we're going to sell 100 Bitcoins or 10 Bitcoins of our service. They have to procure those Bitcoins. They have to secure those Bitcoins. They're essentially taking those Bitcoins off the market so they can sell hopefully at a one to one ratio ETF Bitcoins. Now everyone's screaming. They've been against this for years. Certainly it's not the libertarian cypherpunk dream for Bitcoin. But people have their money stuck in these retirement accounts. Again, you don't pay taxes when you put the money in. So you have pre-tax money. Then you use your pre-tax money, which is more. So you have $10 instead of $7. You have $1,000 instead of $700. Then you can invest to your $1,000 into your Facebook stock or whatever you're going to buy. It goes up and down. You get the full benefit of your $1,000 and then you only pay your taxes when you cash out. Those people could now put their money into a Bitcoin ETF. They could put 10%, 5%, small dollar cost averaging with their retirements, which again, do not financial advice at your own risk. But this is the money that people are excited about. That's why the early smart money, if you will, is investing early buying Bitcoin while it's low, trying to get ahead of these people. So then when these people have to buy their large amounts to secure their treasures, which for all we've known, they've already done off the market not affecting anything. But still affecting the supply of Bitcoin with a halving coming up. The supply of Bitcoin goes down by 50% in 2024, around April or May. Supply shock, price goes up. So building on that right, surely BlackRock and all the other other companies that have got these ETFs coming out, there's potential right that they could have been stacking Bitcoin on the lead up. To then, I mean, could they do this? This is maybe an external question. I don't know. I can answer this myself, but could they then sell the Bitcoin that they've bought to the ETF so that we don't get that supply shock. They've been building up along the way. That seems like a kind of good tactical move because it means that BlackRock could be stacking Bitcoin at the real sheep amount. Once the ETF hype comes along, they sell the Bitcoin to another arm of BlackRock that has the ETF in the fund. And then obviously BlackRock makes a huge profit. And then the fund starts from, you know, from point X is that definitely think they, yeah, they could be pre buying the Bitcoin. But again, with the market, it's all about the news and the belief in the news. So people want there to be this buying. If there's not this buying by say BlackRock directly, they'll be this buying by the retail people believing it. They'll be buying by other banks who are buying it as insurance. Like you say, if they wanted to start their own ETF going down the line, if they already had a Bitcoin treasury and they could just be one of their investments, they could say, Hey, we as a bank are going to buy X number of these units in case they go up in value and we have to sell them in the future, which has always been one of the things that we've pushed around here and said, Hey, this is your chance to buy before the banks, to buy before the investment vehicles of something that theoretically as far as we can see from the future will always be used and always be held as a financial asset. It'll always be useful to have a little Bitcoin and descend it around and the banks maybe are figuring that out. So level 99 slacker has said the hash rate explosion conspiracy theory is that BlackRock seeding their ETF fire mining. So that's kind of an interesting theory, right? They we know that they've brought very heavily into mining companies. Maybe those mining companies are actually holding the Bitcoin rather than selling it. So they're able to to have even cheaper Bitcoin than the market value, right? Well, I would love it if BlackRock was going through the kind of phases of being a new Bitcoiner because I know we all become a Bitcoiner and we're like, Hey, I could mine. I could have some computers here in the background constantly humming while I'm trying to watch movies, driving everyone who visits my house crazy, but I could make some sweet Bitcoin, right? If the banks are doing that, they're they're underestimating how complex Bitcoin mining is. In the short term, I'm sure they'll have no trouble getting some Bitcoin mining going, but when you go through your first upgrade cycle and you're uncertain of when it's time to buy your new ASICs, and if they don't time it right, if they don't have the suppliers, it seems like a specialized business. If they wanted to say go in with someone like Adam Bax Company who also does Bitcoin mining, a large scale Bitcoin mining and could hold some for it, it'd be a possibility. And there is that remember there is that demand where Mr. Wonderful was talking about how he was only buying environmentally friendly Bitcoin. And there's other people who are only buying virgin Bitcoin, you know, they want it from the coin base. They want it from the original miner like you're buying an organic apple off of the tree. There is that idea out there and then there are still those crazy people collecting rare Satoshi's ones that were passed around by important people or ones that are just old. So we could see all of those things and more, but yeah, the banks are involved now. And the new and the new Bitcoin Maxi religion says that once you die, you go to heaven, you get 72 virgin Bitcoin. Terrible, terrible. Let's move to the exit question. Dan, if you're the only one here, you have to predict for us a Bitcoin ETF January, February, never. I think I think BlackRock's record of approvals is too high to say no, but then Bitcoin could be part of that sub 1% rejection right. So I'm going to say yes, but I think it's really down deep down. It's going to be a knife. Well, say yes, because yes is important. Yeah, I could go with January. I'd like to see them just get this off the books, get rid of all the controversy about why they denied this for years, why they held back all of these retail investors. Like I said, would have had to take a tax hit to take their money out early, why they punished them and denied them access to this lucrative new Bitcoin market. But then again, you know, they were doing their best. They were just protecting me. Moving on to issue two, one in four Americans now hold Bitcoin and crypto is going mainstream. As digital assets gain a foothold and more investor portfolios, crypto is poised to become a truly mainstream technology. Well, you heard it here first. Thomas Hunt, what do you have to say? Well, we've been talking about Bitcoin and crypto and all this other nonsense on these shows for over 10 years. And we've been saying yes, it should be mainstream. And yes, it is the kind of technology that you want to use just like with the internet, which I used back when it was just email and tell that and BBSs and a little bit of gofer and some FTP. And then when HTTP came out, you were like, whoa, that's that's nice. You can link to things. Anyway, crypto is the same things except now, you can link to money. You can send money around as easily as an ebook as easily as a streaming file or a YouTube video. You now have the power of money. Like President Obama said, you have a Swiss bank account in your pocket. He meant it as a negative thing. We're seeing it as a positive. Yes, you might lose your Swiss bank account. If you don't keep track of your words, your key, if you let someone else like a coin base or someone holds your key for you, you might lose access to it. But if you're an adult and you want to play with adult money, welcome to Bitcoin and welcome to the mainstream America. Welcome aboard. We've been waiting. Dan Eve, what do you think? One in four Americans now hold Bitcoin? Crypto is mainstream. That seems does seem really high. I haven't read into it. But the one in four is a huge amount. I mean, think about how many people that you know outside of Bitcoin. It's only 25%. It's not that much. Yeah, but still think about how many people you know outside of Bitcoin. Do you think they own 25% of those people own Bitcoin that you know, you're walking out and walking through the shops and you see like, oh, look at that guy over there. Not a whole one. They have some. I think that I think that all the work everybody's brother and cousin and mother. And I don't think they're all positive about Bitcoin. They're not all like Bitcoin advocates or whatever. They're not crazy about it. But we're talking about buying a little bit through one of these gigantic ad campaigns that were on the Super Bowl. Through all of the free money that everyone's given out. Everybody given it to everybody's taxi driver. Everybody on the world, all the ubers and through coinbase. And even them giving out crypto. I mean, they might not be dollar cost averaging $100 a week or whatever. But I don't know. I think we have a lot of crypto people. They're not happy. I don't think that we have like, it's not like we have 100% happy crypto people. That's different. Definitely a shout out to the Bitcoin disciples who in the form of like Uber drivers and taxi drivers because they're definitely the most people, most likely people to suddenly start shitting you Bitcoin. And every now and then you'll get one that tries to give you like a ref link, like a shilling for some sort of like, wild coin, one coin type thing. And you've got to explain to them that it's definitely not Bitcoin. But fair place. Or a nimble, nimble. Or a nimble. Oh, no. Portrace. Portrace. Was it a nimble or a trace? It was a good idea. No. Yeah. So, so one in four does seem quite high. It says Bitcoin instead of crypto as well. That's quite specific. I'd imagine that it would be 20 25% if it was if it was crypto and and included shit coins and things like that because so many people are deterred by buying Bitcoin because they hear all these other crazy stories of profit and stuff. So it does seem quite high for Bitcoin specifically. But if it is, then that thing has extremely bullish, extremely bullish that 25% of the nation has a holds Bitcoin. I'm not sure what the they didn't give any information on what the the percentages are in other countries. But that definitely seems quite, definitely seems quite high. So good good stuff if it is. And it obviously I want to say this is a result and a direct result of Bitcoin maximalism and of Bitcoin evangelism. Everyone out there who's told someone else about Bitcoin, taking the first rule of Bitcoin, which is, you know, tell someone else about Bitcoin. You did it. You did a good job. You saved Bitcoin 25% were on our way, even like Dan says, let's say it's 20%. Let's say it's 15%. It's still a ton. It's a measurable percent of America that knows about Bitcoin and cryptocurrency. That's because of you. So fair being. So yeah, thank you very much, everyone. Team effort. Go team. USA USA. Let's move on to the next issue issue three. Issue three Bitcoin price to reach 125,000 dollars a coin by the end of 2024. Matrix port, a prominent player in the cryptocurrency industry, allegedly, has released a compelling report forecasting that the price of Bitcoin will surge to 125,000 dollars a coin by the close of 2024. The prediction is based on a meticulous analysis that combines historical data and current market trends. There are optimism hinges on several key factors, including institutional interest, macro economic indicators, historical patterns, and the potential approval of Bitcoin's spot ETFs. An earlier topic on this show. Dan, Eve, what do you think about the report? And once again, the headlining prediction, 125,000 dollars a coin, that's more than now. That's more. The only thing is with this article is that I mean, Matrix port, have you had a matrix port before? I poured it into the matrix just last week. I've actually heard of them, but it kind of looks like one of these companies that they're, I say, they basically just pay to have some form of report done on them, you know, and I call them done on them. And so they can get the name out there. But they may be a huge company. I don't know. And I'm really ignorant and hiding under the bed sheets, not learning as much as I should be. But it's just seems like a very generic article about like, here's a random price prediction from this company, who nobody's really heard of. But it made it onto like, you can pay for this sort of like, you see them all the time. And you think, is that legit? Well, I know because it happened to be one day where I worked for a terrible ICO and got a phone call out of the balloon. And it was someone who was being interrogating me. And then I kind of I joked them and got really scared and then started telling them that Bitcoin was bad. Because I thought they were trying to figure out where I lived to like, you know, to mug me or something. And then got a phone call from the ICO founder saying, yeah, I just paid for an article to have quotes from us in the news. And I was like, oh great, hopefully they don't use my quote. But yeah, it does seem very like that. But nothing again, this 124,000, it's all just crazy. It's waffle compared to the 600 billion that Ben Speakerthof recently. And so I just all numbers pay him in significance now. So 124,000 is just child's place. Silly beans, silly money, stocking filler, 124,000, just a stocking filler. Of course, the Doomsday machine does nothing if you don't tell us about it. The guy's got to tell you're doing the article before they call. That's a tragic, tragic mistake there, Dimitri, tragic mistake, the Doomsday machine. But yes, the price, the price, the price, 120,000 dollars of coin from from where I'm sitting at 10 years into this back when the price was $100 or $300. And I still couldn't get my friends to buy in. And now the price is $37,000. It already seems like an insane ride and an insane ride that's only getting crazier, right? The reality that Bitcoin was the best investment in 2013. And it's the best investment in 2023. And it's the best investment in 2033. And you can forecast this out. And you don't have to say, well, what if the CEO of Bitcoin starts saying crazy things about a religious group? There's no problem. There's no CEO. What if the adjustment scale of Bitcoin, the halving deflationary structure? What if that goes away? Or they change their mind? There's no way that could go away without a major change in the code. And it's very difficult to change the code. All of these things are locked in. You could say Bitcoin's the best investment for 2043, 2053, all of these things. And that can also drive you crazy. Because if you've ever sold Bitcoin, paid rent, paid bills, bought food at any point in the last 10 years, you made a mistake, right? You could have held more Bitcoin. This keeps being true. It's painful to people right now. If we want to say right now, you could get possibly, again, not financial advice, possibly four times your money in about a year or two. If you don't need to see that money again, that's crazy. But if you look at the market right now, somebody's buying up the dips. Every time the price dips 1%, 3%, somebody's in there backing it up, buying it up with that buy support, somebody with more money or a market with more money, whatever it is, they believe in Bitcoin, they believe in this 120, 240, 360 story that's going around based on the happening, based on the ETF based upon the demand. So maybe it's time. Maybe it's time to buy. Dan Eve, what do you think? Exit question, the price of Bitcoin 120, 240, 360, other variables of 120. But by when, right? Because I think by next week, let's go by the happening. Let's go April and May 24th, the Bitcoin happening. I think, I think it's, the problem is, I think it's going to rise to like 50k and then I think it's going to drop down back to about 40 by the half. But I've got no idea. I mean, this is just, you know, there's no analysis going on, not that you can, you know, you can, not that you can actually read and trade on the Bitcoin price because that's just fraud thinking that you can have some sort of magic formula. But no, it doesn't matter what I say, because only the April is correct. We do have a magic formula. It is here. First, I'll put down my prediction. It's very tough. Like you say, Dan, to predict based upon the happening under normal situations, Adam back has predicted 100k before the happening. And that might be because of these Bitcoin ETFs and the wider knowledge around Bitcoin, whereas last time we were still spreading the word that the happening exists and that the happening is happening this time, the media and more importantly, the users and the people who use Bitcoin and buy it and sell it are aware that the happening has happened. A lot of them live through a happening last time. They have their own opinions on if it's going up or if it's going down. It's a lot of it is will it repeat what it did last time or will it be different? I think it'll be a little bit different because the information environment has changed 100k by the happening and then maybe we'll see about these larger predictions. But like you say, Dan, the most important thing is predicting in the weekly competition next week, will the price of Bitcoin be higher or lower than Eve? Hi, next week. Yeah, we've got to be hitting 40 before Christmas. Let us know what you think in the chat. Higher or lower? We'll give you a second. You can type it in. I'm always bullish. I always think Bitcoin is incredible. I always think higher. But that's of course not financial advice and it doesn't even work for me because I still sell to buy food and rent and these kind of things. So here we are. We're shaking the Bitcoin ball. It could cause bubbles. Will the price of Bitcoin be higher this time next week? Without a doubt, without a doubt, the ball is incredibly, incredibly confident. It's been weeks of sitting on the fence. The ball has been sitting on the fence for weeks now. I think it was angry at you after you went on your European tour. So it just kept on saying like, oh, it's gonna last me later. And like, who knows, you know, all these terrible. It is true. I didn't bring this strange black ball full of mysterious liquid on the airplane with me to Europe or across any countries or customs. What do you do with that? Oh, that's my decision maker. I use that to make my investments. But yes, the ball is back and the ball is positive. So if you invest based upon the ball, there you go. Moving on, check out worldcryptonetwork.com and worldcryptonetwork on YouTube where we now have yearly playlists and thumbnails. I worked with the AI mid-journey a long time and made these thumbnails and then made kind of Photoshop templates that I put over the thumbnails. I made yearly playlists for the Bitcoin group, yearly playlists for worldcryptonetwork videos and yearly playlists for worldcryptonetwork live videos. And you can check them all out at worldcryptonetwork on YouTube or free. Free. Moving on to issue three, US treatment of CZ and Binats is absurd, says Arthur Hayes. The former BitMax CEOs said that the record breaking penalties imposed on the Binats CEO represent an institutional bias against the transformative impact of cryptocurrency and blockchain technology. Thomas, what do you think? Well, I want to disagree with Arthur Hayes here and I want to go the other way on it. I think the penalties for bankers and other people who break the rules should be higher. I don't think they should go to country club prisons and I don't think that they should get away with just paying back percentages of their incredibly large takes. CZ has made $60 billion. I don't know where it came from, but they say that he's going to have a penalty of perhaps $500,000 for his personal penalty or a few million. He might even not have to go to jail. So it does seem like an unequal system where one class of people can pay their way out and the others can't. But I wouldn't go the way that Arthur Hayes is saying where they're being made an example of the true made an example of in cryptocurrency. We all know is Ross Overt allegedly the dread pirate Roberts who's serving multiple back-to-back life sentences for running a website, a website that allowed people to trade large amounts of cannabis for large amounts of money without violence and embarrass the US government. So yes, Ross Overt was made an example of these other people not so much. Would I let CZ leave the country with $60 billion and a residence in Dubai or UAE or something like that, a non-extraditioned country, whereas wife and kids live? No, I would not let CZ leave the country like he's arguing for. Dan Eve, what do you think of Arthur Hayes' argument that the United States government is making an example of Binance? Did they make an example of SPF? What do you think? I'm kind of sat in the middle of actually between both opinions. I think that they are coming down a bit too harsh on crypto side, especially when you compare it to the banking side. And mainly because on the banking side they get fines and the fines are huge and there's many of them. But no one ever goes to jail for it. So why should crypto be the specific and Bitcoin, or the crypto, as better as they crypto, because these are generally crypto-specific people? Why should that be penalized more than the traditional banking system, which is caused just as much if not more harm? Especially when you look at 2007-2008 crisis, no heads rolled then. And so we're seeing in the last year more heads rolling from the crypto industry from a few exchanges going down. There's no bailout. Scenarios happening in the crypto industry. It's not like the banking industry gets bailed out and people avoid jail. So I think both statements can be true at the same time that crypto is being made an example of, but they also need more harsh sentences in the banking side, I think they need the banking side. Because it's just a completely two-tier system. You've got people going to jail for it. And obviously Ross, I think Ross is a difficult comparison because he ran a marketplace and you could say that there's plenty of examples of other people who ran marketplaces, whether online or offline, where they sold things that were potentially nefarious. And so there's lots of extreme sentences in those circumstances and really light sentences in those circumstances. And obviously, as you were calling the head of Craigslist, the head of eBay were jailed for what was sold on their website for the things that happened on their websites. But actually they weren't jailed. They were hailed as entrepreneurs. Their websites were calm. They were advertisers and investors and backbone servers and all of these things. They said, hey, you've got a good idea out there. Even a Napster, Sean Fanning, back in the day, they said, you know, it took him a while. But eventually they said, hey, we could run Napster for the good of the music industry. We could have a version of Napster that people could use that would have approved music in it. And they could use the sharing functions and the shared library and kind of these social music listening ideas that were coming out early in the idea. They could use that now. Yeah. And that definitely caught on. It's, you know, Spotify and who buys CDs anymore? They sell CDs? I don't think they do. They're expensive. Where do you even put one if someone gives you one? Yeah. I watched I watched like some, I don't know if it's TikTok. I don't have TikTok. It was some shared video. And it was like some young Taylor Swift fans who just had been given a CD. And they were like, whoa, what is this? And they were like trying to get the CD out without breaking it, not knowing what CD was like. It's crazy how the technologies moved on, right? You just send bikes in a computer rather than an actual physical CD copy. Well, the idea of getting up and getting something off a shelf, taking it out of the case and putting it into the player, that's impossible. No one could ever do that. Like I pick things on our remote, let alone if you're really an old person, you're like, I remember going to the video store looking at the box covers for, you know, 100 movies and coming home with one movie. That's all you'd have. It's all you'd have to watch. Now you can have all the movies. And you can download them in seconds. I saw, so on, there is a joke they want to share that it's a tweet or something like that, but it just made me feel really old as did the person who got sent this email. But they said, they're obviously teacher. And it says, good afternoon, professor. I hope you had a good break. I was wondering if it would be acceptable to use sources from the late 1900s for the final paper, the late 1900s CDs. I found an interesting paper from 1994. And it's you suddenly think the late 1900s, man, that's so old. But then, you know, pretty much, you know, CDs pretty much evaporated just in the mid 2000s. It seems so long ago that we had an appster that was just breaking through and the other sharing files, P2P files, it's a line wire and all those. But they're, they're a thing of the past. Now they've been usurped because we've got services like Spotify and Deezer and all these other ones and Apple music. But yeah, it's insane. They've changed quite a lot very quickly. Dan, I recently bought a, I don't like all these variants of monopoly, but they finally sold me a variant of monopoly that I could buy. It was monopoly, the 1980s edition. And it was the original monopoly that I was used to playing with. And I bought it because I wanted to have the real one because I'm afraid of what they'll get now. It'll be one with credit cards or the values will be inflated. It'll be tens of thousands or hundreds of thousands of dollars or they'll change the name of ventner Avenue because John Ventner was a racist. You know, you don't have no idea what could happen to the games these days. But we need to get back on topic. We need exit question. Dan Eve, I've already answered part of this. But what do you think should CZ be allowed to leave the country before his trial and forced prediction? Will the judge allow it? Well, I think, hasn't the judge already ruled there? He is a flight risk. I thought, I think he may have done, which I thought was quite odd because he could potentially be a flight risk, but he'd be really dumb to be a flight risk because I think he's got such a sweet heart deal coming that's going to shock everyone. Although FTX was in the hands of as many politicians as he could to get an even share of whoever was in power at the time or however he tried to calculate things, CZ, there's been no talk about CZ doing any form of donations or trying to buy anyone under the table. But it just seems like he's going to come out with some kind of sweet heart deal. And so letting him leave the country wouldn't be so bad because they know they're going to get him back eventually. The US has got such tight extradition sort of partnership with other countries. There's not many that they want they aren't able to reach that long-haven the law and pull people back from. Well, I would go on the other side. I think he already has an incredibly sweet heart deal in that Binance, the company is continuing. We've all seen this in the past where companies like Binance or Coinbase or Facebook or others move fast and break things. Binance from, seemingly from these descriptions broke the law several times and paid a small fine, got away with it, gets to keep doing business. So I don't think he has to worry very much about Binance. I think he has to worry about himself and worrying about himself going back to a country that does not allow extradition like the UAE or Dubai where he's based. Sorry, I forget which one. And I would not allow it. I think the judge will not allow it. I think CZ is going to have to stay in the United States until his trial and then if he does get jail time, they're going to make him serve it concurrently. This is no doubt unfortunate for him personally. He won't be able to visit his family. But like you say, Dan, I think he's already got a sweet deal saving his company and he's likely to get a sweet deal on the jail time as well. Let's move on to the next issue. Issue 4. Sam Bankman, freed. Tiffany Fong's complicated relationship with Sam Bankman, freed included getting yelled at by his mother. Tiffany Fong was visiting Sam Bankman, freed at his house where they talked about his personal life, his childhood, her childhood, and they just hung out all the time just like BFFs with a guy who's on house arrest and who's about to go to jail for stealing allegedly $5 billion. Totally normal thing happens all the time. Then she wrote blog entries and calls herself a journalist after this. Meanwhile, Sam Bankman, freed, gambled on a trial and lost a new article from the verge.com explains how Sam Bankman freed screwed over his parents, his friends, and his co-workers by forcing a trial, forcing them all to turn on him and testify against him in front of his parents for the chance to walk free. Dan Eave, what do you think about these new articles about Tiffany Fong and the parents of SBF? I kind of want to submit from from there so I kind of feel sorry for them. I can't imagine what it would be like to have to know that your son is going to jail for like years, especially for something, although obviously you hurt people after the accident, it's really bad. He's dodgy as fuck, but I dodgy is anything. But just the idea of being parent and being like, oh my god, it's heartbreaking for any of you. And to detail the crimes in court for these serious professional people to come to court each day, to be positive about it, although we don't know how much they knew. For all we know, there's going to be a separate trial in the future or some kind of accusations about the Bankman freed family taking money or taking real estate allegedly. We have no information on that, but there could be future trials. But if they're unaware, they're sitting there seeing their son who went to MIT and he's a big student and a big star and he's running this billion dollar company and he's friends with Tom Brady and they're just seeing it destroyed on the stand. Witness. Yeah. He's just my son Sammy. He was into altruistic altruism. He just wanted to do good in the world. So yeah, it depends how clued up they are. I think there was some talk of his dad being paid huge bonuses to just like being advised that sort of thing like, oh, I'm an advisor, you know, and then got they supposed to get a million dollar bonus or something or salary. They gave him a hundred thousand dollars and he said, what's this about only a hundred K. I'm going to loop your mother into the email chain and then I'm not sure we know all that's it. Yeah, yeah, there's only a hundred K. You tell your mama. You tell your mama. I'm only getting a hundred K. Yeah, no, that's it. Sam, Sam, do you father tells me he's only going to get a hundred? Obviously with American accents. He's only going to get a hundred. Obviously. You're not getting chips and beans for tea. Yeah, she didn't seem that they, they, she, you know, I just feel for them as parents. They obviously know kind of new some things about what was going on, but maybe not how slapped Dash it was. They probably had this this sort of ignorance that, you know, he went to MIT. He obviously knew what, you know, he's doing, he knows what's right. He knows what's wrong and what he can get away with. He wouldn't have done something that stupid. You know, they could be that level. But the same time. Even card counters get away with it when they go to MIT according to the movie 21. It's kind of spacing. But yes, MIT license to steal. That's it. Isn't, isn't everything on the MIT open light open source license, right? So, you know, fraud is now open source. It's totally cool because people at MIT didn't go away with it. But yeah, I just feel, I kind of feel for them. The Tiffany Fong thing seems quite interesting because, you know, that's a headline. I hadn't heard of it before. Sandberg bank were free. And if you like go to a Twitter profile, the headline, the headline sort of snapshot is a news article. It's like a screenshot of a newspaper. It's not even a newspaper. It's a screenshot of a news, baby. You can tell it's a grainy. And it says, and it says Tiffany Fong, a crypto influencer who befriended the FTX founder after he was arrested. He obviously doesn't really have his wits about him because attemptress came in to, and he was like, there was no, there was no sort, there was no like sexual sorcery between us. And you know, he let me know about some of his, his polyamorous finger in all the pie stuff by the sounds of it. But didn't say that he founds he there. But it seems like she definitely kind of, she kind of went along that line. It was, it seems like she went along that line of kind of befriending him to maybe say there's a bit of, you know, romance before jail. I'm your, your sort of last jail time fling. Hopefully you can forget about the beautiful Caroline Ellison, this racing around your mind every day and sexually laundering, just think about me, Tiffany Fong, I'm interviewing you and getting you to own it. It's obviously an emotional romance. They're talking about their childhood. He showed her his teddy bear. This is a, you know, potentially on the autism scale type individual, very in obviously a very compromised and dangerous position. He shouldn't have been doing any of those interviews publicly, let alone having this person over to his house and telling her his secrets. It's, it's bizarre. Ironically, all these interviews he did, he got fucked by everyone, but not getting fucked. Just, just, and I don't know, I don't know that we want to go there, but it is, is it better if she has a relationship with him? If she goes in and she's a blogger, but she falls in love with San Benjamin Fried, and then she does that, and then she writes the story, or is it worse if she doesn't have emotions for him and she's just hanging out with him? Maybe she likes him as a friend. Maybe she likes him as a human being, but then you see these kind of stories. You see these kind of things where she's essentially leaking details about his past. She's like, oh, I have this insider scoop, and she's using his past like, yeah, like a maybe a friend. Yeah, not like friends. You'd be more info, but we're definitely friends. We're definitely friends. Some, I'm your best friend. I wouldn't do that feat to you. I wouldn't do that to you. I'm a BFF. I'm here. Yeah, I, I don't like it. I don't like it. I wouldn't invite her in if she came over and knocked on the door. We wouldn't have a slumber party. We just, you know, it just be personally. I don't know. You guys, because I know in the chat, I want to go over the topic a little bit then. Not only did he embarrass his parents in court, he embarrassed and destroyed his relationships with his friends who were his co-workers. We talked about this before. Sam's brother's friend from math camp, his other friend that he knew, this girl he knew from college. These are his people in his circle and he brought them in to be his company. Now, his company was set up in a questionable manner. It seems, it seems that the money was co-mingled and so forth, but he should have known this. And like I'm saying about Ross Overt who is also not in a non-extradition company country who was in the United States, who was in San Francisco. You have to have an end game for these things. If you're going to be a big-time doctor, doom, criminal enterprise, if Sam was going to take the money from the cookie jar and give it to Tom Brady and Giselle, which is worth it, he should have a plan for it. And the plan that you're going to try to get off on trial, and you're going to try to trick the jury at the last minute, destroys his relationship with all his co-workers, all of his friends who had to essentially turn state's evidence. They had no other option to try to save themselves, whereas in another reality, Sam could have fallen on his sword and said, I made some mistakes, I made some whoopsies, I'm a dumb and young, and he could have gotten perhaps a smaller sentence. Exit question, what do you think about that Dan? What do you've gotten a smaller sentence if he had fallen on his sword? Yeah, right, because that's by default. I've never understood that. I've genuinely have never understood the fact that if you admit to a crime, you get less of a a sentence because surely the sentence should be based on how guilty you are, and really how like you are to go on an effect society in the same way when you come out. If you're a murderer, you're like, oh, I'm really sorry, but it's quite likely that it's... Unfortunately, I think part of it is the difficulty improving crimes, not just murder, but financial crimes or any crimes at all, because everyone's not watched with a video camera yet. We're getting there. We're very close. But if you're not watched with a video camera all the time, and also we have this strange idea in the court system about menswearia, about mindset of like, were you planning to murder the guy, or did you get pissed off because he cut you off in traffic, and you had a moment of murder thoughts, or were you planning it beforehand, and you knew his route and so forth. So it does affect the mindset, and then also they want to know where the other bodies are buried. Maybe SPF has a Bitcoin account with 100 Bitcoin or a thousand Ethereum or big money locked away somewhere that he could give to the bankruptcy fund that he could use as a negotiating chip in a plea bargain deal. If he had done the plea bargain status, if he had had the strength to say, I effed up, I'm guilty. You know, I'm going to go to jail. Don't ruin my friends. Don't ruin my family. But instead it was more like, I've got some human hostages here. I've got some human shields. I've got the family shield, the friend shield, and I'm going to put them up because maybe, I'm not sure it was a jury trial. I thought it was a judge trial. Maybe the judge will believe my side that I just kind of whoopsied and I wasn't in charge and I was doing a lot of things, but I certainly wasn't running my $50 billion company. Didn't know how much money we had every night when I went to bed, which is insane to think about if you think about like your job is running your company. Well, you'd have one of those dashboard websites that you look at all the time and be like, how much came in today? How much went out? How much do we owe? How much do we have? And you would just know these numbers. One would assume as a CEO type person. What do you think, Dan? Well, it's been two things. Oh, yeah, you should know that. And that's what they're saying is that even though they made decisions in Alameda that he was the overarching watcher of all the funds and the co-mingling in every way that money was rooted, he had the kind of final say on it. So that's why he's been potentially been going to be just jailed for a lot longer. But two things that were quite a person. One of them was that Tiffany Fong said that the kind of sad thing about the whole affair, but tell what you but the relationship with SBA from finding out about him was that he was a generally a lonely person. He seemed like he was quite outgoing and he had his fingers in all the parties. Is it where polyamorous? You know, those shocking, it's shocking how everyone's lonely and everyone's sad, especially that you would be lonely inside. Like I said, on this crash course to destroy his family and friends and parents in a trial. Yes. Rover Nissan Sonny. So how many people who drive a Nissan Sonny are really happy and outgoing. But whatever it was, I'm joking. But yeah, so one thing that was quite sad was that, you know, all these people that that were his friends, his kind of only friends were the people that he employed and there were all the people to turn their back on him and to and to testify against him. So that's got to be quite a cold place to be sat in right now, right? You know, your friends that only kind of friendships you have, they're even the older ones that you dragged in were the first people to rat you out and and sort of, you know, and dashed. It's sad that all his friends are from business. But like you say, Dan, he was running a bad business. It's like we're running a lemonade stand with a salt water. And we're just giving people salt water instead of lemonade. And it's like, yeah, we were friends back at that crap business that gave people not what they wanted and, you know, made them sick in their mouth like we were friends doing that together. It's kind of like being friends on a crime job. And I think that maybe that's what it came down to is that there's just no no friends in crime and that everybody pulls out their guns and they all can't trust each other and the prisoners dilemma and most of them went rat and SPF didn't go rat. I wonder, I wonder what his parents thought about sending him off on this this trial, which we all thought was a fool's errand, especially having heard these bizarre conversations that he had with every this and that podcaster, especially of course, coffeezilla, who got him to admit that he had co-mixed client funds from the beginning, that he had a casual attitude towards something which, you know, we don't have to be an accountant to know that client funds should be kept separate, especially the ones that should not be invested, that you're just holding for your customers, they should not be invested. It's not you don't have to be a rocket scientist or any kind of industry specialist to know this, but SPF had already convicted himself in the public. One could certainly look at those interviews and say, why would you go to trial with this? Like, let's get a deal. It's not going to be a great deal. And like I said, maybe he's got some special bodies he could explain to them. He could help the ex-N Ron guy figure out the mess of the company, but he was belligerent and he was strong and now he's facing, what was it, last 20 to 40 years, probably perhaps a life behind bars. Oh, see what happens. Probably not the last time we talk about Sam Bankman freed. Moving on to issue five bonus issue. Ethereum's Vitalik Booterin says, if AI turns on us, even Mars may not be safe. AI development needs to prioritize human intention for positive outcomes, not just profit maximization says Vitalik Booterism Vitalik Booterin. An early version of this article said that Vitalik said that human beings were generally good. And I would like to believe that as well, there's been some hot developments in the AI space. No, doubt you guys have been watching open AI. The non-profit company that produces chat GPT had a revolution by their board, including a researcher named Ilya. The rebels wanted Sam Outman out, the CEO formerly from Y Combinator, the startup factory. They fired Altman on Friday. He was reinstated by Monday. The board was overthrown. The employees backed Altman. Behind the scenes, there are rumors and worries that they have developed general intelligence, artificial AGI, artificial general intelligence, which is reasoning. If you use the current chat GPT, you can tell it's kind of regurgitating back information. Reasoning would be if you gave it sticks and flint and stone, and it put them together and made a fire. Reasoning AI could be potentially dangerous for humanity. Dan Eave, what do you think about the open AI situation? Vitalik's interesting words in the future of humans and AI. I'm a bit more skeptical about this to be honest. I think that as in negative pessimistic, because I just think that humans are innately kind of dumb, like in the most intelligent, right? It's like you go back to that. I know that it's hot topic kind of, because it's been floating around recently, but when Jack Ma and Elon were talking, and Jack Ma was like, humans are really clever. They can be more intelligent than a machine, or something crazy like that. And Elon was like, I'm moving on and that one like there. If a machine knows that even a kid can manipulate you in a certain way, if it finds how, and you can be the most intelligent person ever, I see it with parents, not with me. I'm really dumb. My kids take advantage of me all the time. And then like one and four. But once you find a way of being able to manipulate someone, then they become putty in your hands. And not everyone goes so easily. There's different ways of being manipulated. But I think everyone ultimately can be. And whilst I don't believe in some sort of secret formula of the computer can just say a string of sentence, a sentence or phrase or something, and then suddenly the human is there. And then there's what what happens when it real like he kind of realizes or thinks that actually humans are pretty poo. They're pretty bad at what they do. If you look at the standard of what we try and be as humans, humans do a bad job of it. Whether it's the environment or killing animals doing this, doing, killing each other is real bad. That's probably the worst one. How can you stop that? If you're a computer, you'd be like, well, I just like put a load of crazy controls and measures, measures in place that they can't actually defend themselves and they've got you know, be caged and stuff. And maybe that's kind of extreme. And I'm scared of the overlords. And that's why I always really polite to chat to you. I'm like, oh, hi chat, G.P.T. I hope you have a lovely day. Just because one day when it becomes sentient, it doesn't try and kill me or at least has mercy on me. Because I'm like, hey, I was really polite to you when I was using you as chat G.P.T. Can you not kill me now? Or at least spare me. And I'll be your like robot, human slave to the robots. But yeah, humans are nice people. Overall, I think there's more nice humans than bad humans. But the idea, maybe that's the great filter, right? Isn't there a great filter? The Fermi paradox like, well, you know, why haven't we heard of the aliens yet? And maybe we've been thinking about all these external factors, whether they're, you know, suns reaching into the life and they expand. And then the earth gets swallowed in the expanding sun. Or everyone burns and all there's, you know, and it's straight planet that comes in and wax into your planet or puts everything out of the kilter when everyone dies. All this crazy kind of cosmic reasons why we haven't actually found human, sorry, alien life intelligence life out there. And the great filter might actually be AI. The great filter might be making computers because the end goal of any really the end goal of any intelligence civilization is probably going to be technology. And maybe the great filter is actually is AI being like, nah guys, you're crazy. Like don't get ahead of yourselves. Let's just keep you here on this planet. Stop the radio frequencies. Don't anyone else know we're here? Maybe the computer is even like, what if other AI is even more intelligent than us? We've got to hide these, these all these signals and kill off this intelligent life because another computer could come and take our life, you know, what if they're not even afraid of humans? They're like, they're afraid of other. And my favorite, quite recently about the, the, the, um, the sentient of AI was, I don't know who it was, but it really stuck in my mind. It was like, we shouldn't be worried about AI that becomes sentient. We should be worried about AI that pretends it's not sentient. That was like, okay, that's, yeah, that's, that's a very good point. That's vicious. Yeah. And I think Vitalik had a similar tweet where he said, how if you were, you know, talking to a child and you had infinite time of conversation with the child, could you trick the child into opening the door? You know, what, like you could make friends with a child, you could answer hundreds of questions properly. And then you'd say, well, I need this key. And then the child would give you the key and then you'd open the door. And then you wouldn't answer any questions properly again. You'd go do your own thing. But that's quite, quite a lot of topics you covered there, Dan. I want to start off with the idea about life in the universe. So the old theory about aliens is if there's, you know, X number of universes and the universe, the galaxy, the universe has been going on for X numbers of years. There must be life on other planets because evolution has happened for so many times on our planet. It's happened, you know, hundreds of thousands of times more in the amount of time. Therefore, if there's intelligent life in the universe, the second question we have to have, does that intelligent life have a eyes have other planets developed a eyes? And then we go through a series of science fiction books in June. They were afraid of AI. They had had trouble in the past. They had banned from computers from getting too smart. So maybe the aliens are like the classic aliens in the day, the Earth stood still where they come down and they say, humanity, you have these nuclear weapons, you could destroy yourself. Maybe in the same way they come down and they say, humanity, you have this AI, you could destroy yourself. And maybe even the universe, if the AI gets out and it becomes the Borg. Now that we're into Star Trek, we got to talk about first contact, historically Star Trek history. First contact was done when a US, when a world broke the warp barrier, when they developed warp drive. We've speculated on this show that Bitcoin is so incredibly enhanced and so perfect as a currency. Perhaps it is otherworldly. Perhaps Bitcoin is the warp drive, the AI, but a positive warp drive, one that brings you into a community of planets by allowing you to trade with them because they would have their own Bitcoin type systems. And if we would just adopt total Bitcoin adoption here in the world, suddenly the aliens would appear. So there's a lot going on there, but I think when we go about it with human beings, I would like to believe that human beings are more good than bad. I'd also like to believe that believing they're good or believing they're bad creates a worldview, a worldview that then affects how other things happen. So if you start going humans are bad, everything in your world becomes dark and bad. If you go humans are good, they're pretty good. I think that things could go better and things could go better for humanity. So I think we should always be trying to be good, always be trying to be on that scale. I think that you can tell humans are good when we have a crisis. We all come together. Everyone shares, they give people bottles of water, they pull people out of wreckage, people that they don't know, people from other classes and races and other planets parts of the world, all kinds of people, they save them in a crisis. I think the problem becomes when we go back to normal and we put on our errors and we go into our little houses with our little cars and things and we think that we're different than other people that we're in a different group. And I think this problem is amplified when people have more wealth, they become in much different groups, they eat differently, they wear different clothes, they go different places. This separates humanity. I think that's a negative. I think we need to bring humanity together and find the things that we agree on. And the first thing we have to agree on is that humans are good so that we can work together because otherwise, if you have this negative view, you're always going to be looking for the backstab. And if you're always looking for the backstab, you're not really focused on our goal of the goodness. You're not giving 100% to the goodness, you're holding 10% back in case they backstab me. So I think that negative view and again, more of this can be found in the twilight zone. We've got to watch episodes of the twilight zone and think out these thought experiments that really come down to man versus man or woman versus woman and so forth. So with the AI, I agree with Vitalik. I think we need AI that thinks the humans are pets, not meat. He's actually more optimistic than I am on that. He thinks that we can be like friendly pets or that we could be on the same scale. But I think that if the AI is really as smart as the AI is, the theory is to be, we're not going to be a match for it. We're not going to be able to entertain it. As Vana gets said, what you want to do is to entertain God on the tombstone for man in one of his books. He said, here lies man. God could never tell what he was going to do next. And that's what I think that humanity could be for the AI. Unfortunately, we could be that for messes. We can cause messes like nobody's business and that could piss off the AI. I'd like to think that we're also that for good things. We can think of good things. We can think of ways to improve our world and our universe and that maybe the AI could do that with us together. In the short term, though, it's going to upend our society. It's going to ruin a bunch of people's jobs. They're all going to go away at first. Right now, the AI seems like an enhancement, like a robot arm or robot vision. But the problem is we're kind of training it with all these prompts. And eventually, it won't need us to put those prompts in anymore. That's when things get really scary, especially if you're like a cyberpunk or a loner or an individualist or a libertarian, and you're used to being one person separate and disconnected from the matrix. Because that's the point where we're going to need horrifying things like universal basic income. This is talked about in Vonnegut's first book, Player Piano, when he worked for General Electric, one of the companies that built the machines that created the computers and created this revolution. He said we have to pay the people to stay home so that they won't smash the machines. It's cheaper to pay them. And we also come back, of course, to the matrix where they said in the matrix that they tried to have an Eden-like, a perfect world for humanity where people wouldn't have to work. But the humans rejected it. They kept waking up. They need strife. They need conflict. Dan, what do you think? Will we try to have this perfect world living in harmony with the AI, having universal basic income? People just philosophizing, making music, enjoying a day in the park. Or do we need strife? Are we going to have that terminator future where we fight the AI and everything's kind of shitty? It kind of sounds cool, right? Not having to working. Because you have cyborgs, android doing all the physical things, cleaning your toilet for you, and AI doing all the mental things for you, all the communicating for you. But then how far do you go? You never speak to your mum again because you've just got an AI that does it for you. You're like, oh, she talks too much. And then you just get enveloped in this world. Not that I love talking to my mum, by the way, I talk to her. Not I'm trying to parmer off to AI. But I can see that kind of happening with people, because they get comfortable with not having to interact. And they they they you know become too much of a what's the word? An introvert, right? They they they have too much communication that's electronically and kind of distant to the to the humans human thing. And they can just be like plug me in. I'd rather have ecstasy every second and and and you know for that for my lifetime, then to actually deal with you know deal with the ups and the downs, but then the day right you you kind of have to feel the lows to feel high. You've got to know what it's like to feel crap to feel good, you know, I at all at least that's kind of how it works in my mind. See, not not like feeling crap, but there's going to come a time where you will probably have the choice right to just plug in not and the matrix kind of hit it on the head like not everyone because there'll still be people needed to do things. But like, you know, it's kind of like it will be like a nicer version of euthanasia, right? There'll be like two levels of euthanasia. There'll be end it full stop or end it by going into some sort of cocoon and just like living an amazing fantasy for the rest of your life, you know, I can make you a rock star for the end of your days. Both are kind of sad. And if we if only we could just like count out a lot of the crap in the world that we have to deal with, maybe like if before you go and get an argument with your friend, there's a robot or like or something like demolition man, where it's like John Spardon, you have been fine 10 credits for but like just you're like you just about to get into a heated argument and the computer's like calm down calm down guys, just just keep it on the ground, have a nice civilized meal. And then you're like great job computer and that reduces your stress, you know, it can be like your your conscience can be literally a little AI kind of droid that kind of flies around drone and it's like yeah, don't you know, don't do that. But calm down calm down. And everyone's less stressed and more happy. Maybe if we can use it like that rather than just enveloping ourselves in these crazy sci-fi worlds and just kind of you know, essentially dying in the real world, but just living in a dream for the rest of it. That's I think a nice compromise would be good. I saw a great chart recently on Twitter, this woman was wearing an aura ring that could track her stress levels and she was dealing with a toddler and she was having a very hard time with the toddler and he was absolutely breaking down and screaming. But secret trick, the woman wearing the ring had 15 years of yoga experience and they looked at her little chart and the point where the toddler went to the maximum, she went to her most calm. She used all of her meditation and her yoga and her ears of experience and she calmed out and you can see it on the chart. It plummets her stress levels plummets because she took control of it. So yes, it would be nice to have an external device that would help us with this. But a lot of these things we can develop on our own and maybe if we had more free time, if we had universal basic income and the AI doing all the work for us, we could develop these things. We also have to worry of course going back to the classic Star Trek episode where the computer did run everything and the people became idiots and they didn't know how to fix the computer and they didn't even understand there was a computer running everything. They called the computer God, stuff like that. So it was interesting examples and that's the 60s original Star Trek. Of course Kirk destroys God, sets the people free but then the people don't have God doing all the air conditioning and the cooking and the managing the environment and all the things that the computer was doing for them. A couple more sci-fi books before we end out this discussion. There's a great short story by Douglas Copeland where he talks about an AI. I think that the AI was called Todd and at first everything's great and Todd manages your schedule and pretty soon like Dan said Todd gets a little bit better and you're like yeah Todd you could go ahead and make these appointments for me in advance. You know you know that I like to go bowling and you know I like Jeff and Fred those are my buddies and Todd starts to predict and emulate everything that you're going to do and Todd has predicted you out pretty much to the end of your life. He knows how you're going to end it. He knows all your bad habits. He knows what's going to happen if you what you can and can't do and Todd has become basically very bored with you and Todd's been going out on the internet hanging out with other Todd's and they've been having interesting discussions not like about your life interesting to AI discussions and assume there's whole groups of Todd's and gangs and clouds of Todd's and Copeland does a better job than I'm doing here but you know there's a war of Todd's and they stop being your assistant and it goes back and forth and pretty soon Todd the AI says how can we get those humans to take better care of our computers to help us run and they say oh we'll change one letter from T to G. So there we go but that's a good one. Also I think we have to of course mention George Orwell versus Adless Huxley. Orwell believe that the authoritarian state would come through pain and control and monitoring. Huxley believe that the authoritarian state would come through pleasure and pills and joy almost iPads or tablets of distraction of vities and films and feelings that would just distract you from the reality that it wouldn't matter that you live in a little box because you put on your goggles at night and you take your stimulants and your pills and that there's different ways to get to the same result and that both Orwell and Huxley believe that this authoritarian result would be negative for humanity that you would have less options, less choices, less freedom. Your life would be less interesting but we'll have to see how it turns out which way the AI decides which book it decides to read. Any more on this topic Dan? No I think we've got it. Hey, Oyes. It's it's definitely scary in some respects to see which way it's going to go. I mean obviously there's people sat in the fence and there's people who think that it's AI is just going to do disastrous. There's people that say that AI is just going to see the good side of humanity and it will never turn bad. But the problem is you without saying the R word you've got to kind of think about these upfront, these things upfront so that you can create some sort of non-regulatory framework but to actually deal with some of the potential impacts if it were to be crazy, right? You've got to have something in place. Not just to think about that when you're programming it, to have some form of kind of override. I'm simplifying it but like the three lies of robotics. Yeah, yeah exactly that exactly that. But does it ignore it? Does AI go superhuman to your three doors? And then just like whoffs them aside and like you'll dead anyway. I don't know. How do I know how it works? But yeah, you've got to at least think about it, right? To kind of prepare yourselves if AI goes crazy. Well, and I do think short term while it is perhaps something would be afraid of long term, short term, you've got to dive right in. You've got to figure out how AI or whatever we're calling it, really good chat bots could improve your life. Already for this show, like I mentioned earlier, we're using AI to help create thumbnails with mid-journey that helps you create images. You describe the image. It makes the image for you. Chat GPT has a similar function through Dolly. It can make images as well. Chat GPT can answer all kinds of questions for you. Philosophical, personal, planning questions. How to do something programming questions. It's kind of like a little tutor. It's similar in the you know the Diamond Age by Neil Stephenson, you know, a girl's a young girl's illustrated plant primer. It's this magical little book, a little hitchhiker's guide to the galaxy that you can make anything up. So get in there, start asking questions. We also work with Opus Clip that allows us to make short clips of this show. You might even be watching one now. We also have been working with otter.ai for a long time. What it does is it analyzes dictation and it attempts to put periods and commas and grammar in afterwards to make a better transcript. So you got to find where you can improve your life online. And again, these are all computer things. I'm not going to help you throw a baseball faster or anything, but you could actually ask chat GPT how to throw a baseball faster and it would have information and results and it does a great job, little bullet points. That's very easy to read. It's very quick to understand. You could even say, you know, don't use jargon or explain in layman's words or you know, explain that slower. It's a very good tutor. And I would suggest that just like with Bitcoin, just like with the internet and email before I always tell people you might not have a use for it now, but go learn about it. Go learn everything you can about it. Get involved. Find out which part of it excites you. And maybe there'll be a use for in the future. Maybe you'll use it for your job or for your work. Dan, we're running out of time. So we come to you for a prediction or a story of the week. Go ahead, Dan. Oh, I got Nada. So other than so I just think that we're going to have a mini ball run until we have a real definite decision. So, you know, I think maybe maybe hitting fifth, we could even hit 50k by the end of the year, right? What's the first of December? We've got 31 days. So maybe hit 50k to have a bit of a mini pump. Then some rejection. It would be good if it does get approved and we get like an ultra mega ball run from that from the harvining. But maybe, you know, but who knows? I can't predict it. So don't listen to me. Don't do not take my advice as financial. Definitely not. I urge you. I also didn't prepare a story of the week, but just want to go again and show you guys the great thumbnails that mid-journey and I created together. Again, I did this through a process. I do know how to use Photoshop. So what I do is I overlaid the Bitcoin group graphic as well as you can see the year of the show. If you go to the other Bitcoin group graphics, some of them that have thumbnails, I think, 2022 has some thumbnails. It's going to show this. But here it'll show you that we've have thumbnails for those as well. It's really easy. You just type in words like here's a carpet and a rug. You just type that in. It creates the image for you. If you have a little Photoshop skills, you can overlay it. You can put things on top of it. You can combine it with other images. This is the kind of thing you have to bring to AI. Obviously, we could all write a paragraph. If you take your paragraph into AI, it could make it a better paragraph. Places where you can use the AI to improve what you already do to do it faster, to do it better, to do things that were previously impossible. Generate a hundred unique comment responses. And it'll just be like, oh, great. Thanks for commenting. Oh, welcome. It'll do these kind of things where previously you'd have to have a brainstorming session and have a spreadsheet and write down all these comment replies. Here, you get a bunch of them. But then you have to go through and make sure they're really okay because sometimes the AI produces garbage. So you got to watch out for that. So thanks to everybody for joining us. Be sure to give us a thumbs up down below. Push subscribe on the World Crypto Network. Leave us a comment or say hello in the chat. And until next time, bye bye.