the The Bitcoin Group, the American Original. For over the last ten years, the sharpest citossis, the best Bitcoin's, the hardest crypto currency talk. We'd like to welcome our panelists, Josh Shigala from thestandard.io. Good evening, ladies and gentlemen. Good evening. Time, Thomas Hunt from the World Crypto Network. Moving on to issue one. Issue one. Bitcoin brace to go parabolic. After amazing 2017 price breakout repeat. Yes, the mainstream media has nothing to say about Bitcoin as per usual except for the price, the price, the price, the price, and the price. What does it do? How does it work? Who invented it? We don't care. The price, the price, the price, the price. The new number that they have, Josh, is $350,000 of Bitcoin. What do you think about the new bullish price predictions from the mainstream media? It's kind of, that was the prediction I had, like, I don't know, a year ago or something like that, around about that. Like at its mega peak and it's way over price that it'll come back now. But then it'll go back up. Like, you know, it's not over price. There's no such thing because the Federal Reserve has infinite money. And so it can be theoretically infinitely priced. But yeah, it's again, one of these stories. You know what I find fascinating is that there are so many aspects of Bitcoin and you sort of touched on it there and you preamble. There's so many great aspects about Bitcoin that can be talked about and some publications do. But most of the time, it's just the price. When you know, we're talking deep programmable money, like user imagination goes and maybe they're right. Like maybe I'm totally wrong. Maybe all the readers, all the readers care about is the price. Maybe, you know, they'd like to be reminded. Like they've bought some big coin. It's in there. It'll portfolio and every so often they go, oh, look, it's up. Oh, I didn't realize because I'm, you know, too stressful keeping it on my Apple watch. I only get my news about the price from Bloomberg headlines. That's the only place. Yeah, right. So yeah. But yeah, I mean, obviously, what's funny about these headlines is amazing. After amazing 2017 price breakout. Amazing. I mean, this is typical Bitcoin and it's always going to be this way. Unless there's some catastrophic bug in the network, it is always going to go up eventually after it's gone down. It'll go back up because a, it was the very, very first thing, crypto digital asset. It wasn't the second. It wasn't the third. It was the first. So even if there are better protocols, there's a collectivity about being the first. Like I've got one of the first blockchains. I mean, the first blockchain and the thing that invented rare digital assets. So and I've got one of the 21 million, you know, that's, that's what people will say. And so collectability on this thing is huge. So to say that it's amazing, it's kind of funny. But yeah, what are you reckon? I just think it's funny how many times we go through this story over and over again. If the only thing you knew about Bitcoin was the price and every few years you hear about it and you read one of two stories, you read the price is way down and it's going to zero or the price is way up and it's going to infinity. All right. And these are the only two stories that you hear about Bitcoin. You'd never learn anything. You'd never learn like you said, Josh, I'll handily there 21 million. There are only 21 million Bitcoin. Like that's neat. That's like you're saying as a collectible, even if we're just saying cool people on the internet have a Bitcoin. There's only 21 million cool people. You could be one of them. And then we go to the other thing that Bitcoin can be broken up fractionally. So you could buy 0.1 Bitcoin. So there could be even more cool people theoretically, right? And then the way that it works as a distributed network without a single third party that your money goes through. No one can say your money's going to this organization that we don't like. So we're going to block it. You can send your money from anywhere in the world. There's no limit to what kind of money you can send. They don't close on Sundays. They don't close in the evenings for no reason like the stock market. There's all kinds of these things that you learn about Bitcoin and each one you learn, you just get more fascinated and you go down like Andreas used to say the rabbit hole. And you suddenly want to know everything about Bitcoin and you go to conferences and meet ups and you meet all these people. If you only know about the price and you only know that it's mystically up or mystically down and you never learn these other things, you'll never go down the rabbit hole. You'll never get more information that leads you to a tipping point where you're like, that Bitcoin's really cool. I mean, I put it off. I obviously missed the boat a dozen times. We all did. But now I'm going to get in. So I just think these articles, they only make people feel bad. It's more of this financial media that seems to report on the past. And once something's on the mad money show, it's over. Like you're not going to buy Amazon now. Like you're not getting insider scoop on Facebook. And in the same way with these articles over and over about Bitcoin, no one thinks they're getting the inside scoop. No one realizes that it could go beyond 350. Like you're saying it might go up. It might retrace. It might go up again. Right. If they knew any of the fundamentals that there's 21 million, there's no third party to send your money around that it's similar to Swift or other systems designed by the banking system yet completely independent. Maybe they'd want to learn more. But as it is now, they only want to know about the price. And fortunately, we have the solution for that. The exit question, the Magikite ball, Josh Agala, predicting against the ball, the source of all truth in this known universe. Will the price be higher or lower this time next week? I'm going to go with, I'm going to go with higher this week. Yeah. It's a, it's a, it's a, it's a short thing. No, it's not a short thing. But yeah, I think I'm going to go higher. I always think the price is going to be higher. I always think, how could people sell their Bitcoin? How could they not want to buy Bitcoin? It doesn't make sense to me. But every once in a while, they do sell and buy strategically to make more money. But the ball, those, the ball knows the truth. The ball knows. Will the price of Bitcoin be higher this time next week? Here we go. It says. Yes, definitely. Yes, definitely. So there you go, Josh. All the balls are rewarded. The ball has spoken. Moving on to issue two, there is a second best Bitcoin bull, Michael Seller, softens on Ethereum. In the wake of the spot, Ethereum ETF approvals, the micro strategy founder appears to be warming to the notion of a crypto industry bigger than just Bitcoin. And again, this is only logic here. We've talked about this many times. Seller was held up to a standard that no one could meet. He was lionized as a saint and a hero despite his partying Silicon Valley past, which was easily available to anyone with a Google search engine. Seller was held as the king of Bitcoin. The business man, we've always needed, even though he came along at a point where Bitcoin was already on a roll. If he didn't do, what effect Bitcoin would continue going forward? This is happening to many of us at many points. It doesn't matter what you do. But now Seller has cracked and shown a little bit of love for Ethereum. Like we've been saying here, Josh, for quite a long time, there are more cryptocurrencies out there. We do like Bitcoin. Bitcoin is our number one. But like I said, many times when it was time to do Kerio cards or when it was time for you to do the standard, we found that you couldn't program things the way we wanted on Bitcoin, which might be a feature of Bitcoin. This might be good that you can add about your crap. It's the thing that Bitcoin has loved. They're like, no, don't upgrade. It's like double think for the Maxis. We don't want to upgrade. No way. No. Everything else is a shit coin that does things anything differently. You should build that on Bitcoin. Why didn't you build on Bitcoin? Well, hang on. Which way? Sorry. It's interrupt you. Exactly. You could build it on Bitcoin, build their own thing. It's interesting to think that maybe if Bitcoiners had been a little more open, they could have kept Vitalik Booter in the fold. Vitalik originally wanted to build Ethereum on Bitcoin. With some changes, he might have been able to do it. Like you're saying, Josh, that whole universe of shitty altcoins could have been ours. They could have been connected to Bitcoin. Then everyone could have said, oh, they're okay because they're connected to Bitcoin. That magical thing. But I think it's far past that. I think we're far past purity tests like this. When we create heroes like Michael Saylor, we endlessly tear them down in the same way when we have this. You must be a Bitcoin maximalist. Only it continues to break down as people change their mind. What do you think, Josh? Are they going to accept him or continue to attack and chase him away from the community? Well, I'm pretty sure the Bitcoin monopolists will basically state that Saylor is now some sort of heretic and just tear him down. Some of these people that are really revered in the industry. Andreas Antonopoulos, for instance, absolute champion of Bitcoin has been, decides to write a book about the virtues of Ethereum as well because it's different. It's a different concept. It's not there. It's not trying to do what Bitcoin does. People that refuse to even look at different technologies and say, well, tear him down as some sort of shit-kiner and just slander. The fact of the matter is, what is Sturgeon Manor? He invented a concept that you can build rare digital assets. Bitcoin is the first. It's fantastic. I'm not taking anything away from it. I hold a vast majority of my holdings in Bitcoin. Ethereum is also a really interesting protocol. Of course it is. But the thing that Michael Saylor is saying there is that there's a second best. Ethereum works because you can create protocols on there with digital assets to create and incentivize those projects. It's not just a second best. There's a third and a fourth and a fifth and a sixth. There's a whole coin market cap. Of course, most of those bubbling nonsense that will pump up and down and people make and lose fortunes. But just because you go la la la la is a Bitcoin max. It doesn't mean they don't exist. They do exist. For me as a competition maximalist, I believe it's a good thing. It's a good thing for Bitcoin. It's a good thing for the industry. It allows Bitcoin to scale because then you don't have all the nonsense sitting on chain on Bitcoin because again, another double speak is Bitcoin can do. Why don't you build that on Bitcoin? What a load of crap. Don't put your NFTs on this chain. It doesn't make any sense. Bitcoin is what it is. It's beautiful. It shouldn't change too much because if it does instantly, if it goes wrong, it destroys the whole market for everything because everyone will lose confidence. If Bitcoin did decide to upgrade, I would be totally behind it and go for it. Let's try it because these hard forks, the way Satoshi envisaged them is that when a protocol hard forks, it also, you get coins on both sides. I'm not as solidified on just one Bitcoin. I think Bitcoin can scale. But I also think the scaling solution for Bitcoin is also all of the odds. Yeah, Sailor finally realizing that there's something else. To me, it's just again, Sailor is an amazing talker. He brings up all of the talking points and he manages to remember them all and regurgitate them from everything that the OGs have been saying like yourself and say them at the right time and because he's loaded, people listen to him like he's the guru. But now he's going to say all the things that we talked about with Ethereum and why that's also an interesting technological breakthrough to be able to write smart contracts in a mostly immutable way more immutable or way more trustless than let's say FTX is or centralize exchange, the ability to run a deck is like amazing stuff. I just think if Bitcoin and cryptocurrency was a Cambridge or a Cambrian explosion, it's going to explode, right? We're not just going to have one or two coins, especially when Satoshi releases the early software as open source. Maybe if they'd had to break the encryption and decompile the binaries and crack the 13 herbs and spices that Satoshi used, it would be a lot harder for Charlie Lee to copy it and make light coin or if we're ever made pure coin and prime coin and all the other coins back in the day, world coin, the original, all of those. There used to be a lot of coins and there was a lot of experimentation and I think as Bitcoin as we could allow this experimentation and just ignore it and it wasn't a big deal. I think things changed when Ethereum came in there and it became much more professional. Suddenly it was easier for a company to get funded on Ethereum than Bitcoin and maybe who's because the Ethereum companies didn't write pitch decks like Samurai wallet where we're going to use advantage of the gray market or they weren't like maybe Lamasoo Bitcoin ATM where many sad cases of libertarians buying their own ATM to run in a shop ends in them running their own jail sentence with the IRS busting them for running in a legal ATM which just seems obvious in retrospect. There has to be some agreeance to this laws and so forth and a sailor drifts away from Bitcoin and just seemed obvious and predictable. I think Josh, he wouldn't be able to hold up that hard opinion so long but it will be fun. I like you say to see him spout all the Ethereum opinions that we've had over the past few years where we've been like, yeah, you could be a Bitcoin maximalist but you also be on other things and remember Vitalik invented Bitcoin maximalism to separate us and split us apart when really we could be having nice conferences with the Ethereum people. We could be having generic cryptocurrency conference instead of having kind of giant scam conferences and very small Bitcoin conferences. Yeah, but at the same time you get people like Tony and Bays and Jimmy Song just really just slandering anybody that's building anything on anyone else on any other chain or anything and sure there's really bad technologies that fail but some of the time like I know for instance EOS, EOS had some really interesting ideas and the main devs, I have it under pretty good info that they've pretty much dropped the whole project because the SEC, they just scared and so they just built the minimum viable project and then left. Unfortunately, it's terrible and you know, let's see what happened in the future. It's been strangely clear the whole time that you can make money investing in new projects. Now maybe not forever, maybe you can't hold them and make money forever but there's been money out there and it's been strange to see Maximus like Tony and Jimmy who are allegedly interested in money, ignore all of these potential new projects because they are all scams and this kind of closed door scamminess I think sure they missed a lot of scams but they missed things like the Ethereum presale or Kerio cards where they could have made a lot of money doing not a lot of work. So it is an interesting world and I think it's expanding. I think it's better for everybody a multi-coin allysm rather than this vitalic imposed maximalism. But let's keep it moving here. 2-3 Jack Dorsey gave 10 million dollars to a project run by an anonymous dead not so anonymous anymore thanks business insider who turned out to be a follower of a fascist guru. This is a pretty strong hit piece by business insider on the Noster project. Noster is an incredible open source social network that has no one censoring it and you could do anything you want with it and is really kind of the dream of Jack Dorsey and many people who worked at Twitter but they don't focus on that at all. Instead they focus entirely on doxing this guy presenting information about who he is, what his background is and his political beliefs because he made a couple of websites supporting some fascist guy. Josh Egole what do you think about the trouble for Fiat Jof and Noster who Jack Dorsey gave a lot of money? I mean, you know, this is why Trump calling out the media as fake. I think it's very valid. Like most of the media they just sensationalize and basically write hit pieces and I mean the idea of project mockingbird where project mockingbird was designed purely as a vocal arm of the CIA is where it came out. So you've got project mockingbird basically building up these mainstream media talking pieces to destroy certain things, certain projects or certain ideas or people or impregnate ideas into the populace as well. You know, it is a lot of the mainstream media is fake news. It is fake either by the fact that they just make up headlines or they focus on certain language. So you can manipulate stuff with double speak or double speak is a really interesting concept because you can take certain words say the truth. You can say the truth but you can say in a way that basically hides a high truth or manipulates people's opinion of it. So let's say a doctor screws up some death. They can say it was, you know, and then just use different words like it was a manipulation of an experiment. I don't know whatever, but you don't need to say, oh, the doctor screwed up. You can say in a way in spin it and this is typical mainstream media stuff they'll take him. I don't particularly trust Jack Dorsey anyway. I don't personally like the way he ran Twitter. So I don't really care for him. But the fact of the matter is the mainstream media, I just don't trust any of them whether it's Fox News or CNN or any of them. I just tend to take all of them with a grain of salt and yeah. I don't know. I kind of put some of this on Jack. I'm not sure that you can just give money to anonymous developers. As we've seen with samurai wallet, there is a desire for software that does illegal things. So if you want to go out there and support that software, that's fine. But that's not what Jack did here. Jack went out and publicly gave the money. So part of the money goes to open sets and that's good and fine. It's an organization. They're going to distribute it to many programmers. But when Jack gives the 14 bitcoins or 12 bitcoins, whatever it was to fiat j off directly, he didn't have to take credit for it. Bitcoin is pseudo anonymous. Jack could have split his money into smaller piles. He could have donated over time. He could have just done it out of the goodness of his heart. The problem comes when Jack takes credit for it. Now he's taking credit for a donation to anonymous developer, made himself public, and now people have to judge that donation. Business insider, while I think it was wrong to out the guy and all these things, he does have these links to these websites. He has built them. And that's again why Jack really shouldn't be giving money publicly, kind of randomly, to an anonymous developer. I know he wants to support an author, but I think the open sets was a much better donation. Go ahead, Josh. You want to push back on that? Yeah. But obviously the doxing is terrible. And I totally concur with that. All I'm saying is that there is the reporting focuses on a fashion like one, like he followed or had an interest in a character of history. Why I put that word in there because you want to flavor people's opinions before they even read the article. This is the manipulation that I'm talking about. I think the word fake is totally overdone, but there is something there about how media is used to manipulate people's opinions. And just that is a really good example. Instead of talking about, Jeff and Jeff, and what he's built in the past and all the cool stuff he's built with Ben Arck and a lot of other people in the industry instead focus on that. It's so disingenuous and awful. I think a noster has got to prepare for this because one of the big problems with noster in any so-called free speech software is they're going to expose the horrible underbelly of the internet and that's it. You can automate this hate stuff. You can automate horrible pictures, murder, death, pornography, whatever the thing you think the worst thing is, you can automate the heck out of it. And noster specifically, and any other free source project, they're going to be plagued by this to the point where what you're really going to use is some kind of subset of noster with a trusted network where it trusted content comes to you. A lot of people who wanted this wild west internet are going to be unhappy again because people are going to use some kind of trust filter. Maybe it filters out the F word. Something like that. Like oh no, now people aren't getting the important knowledge of my F word. But they're going to be prepared for this because they're going to come a lot harder to this when they say they found 35,000 child porn images on noster or they found 50,000 murder images or torture or whatever the worst thing you can think of because not only is it there on the internet but you can automate it and with something like noster where you can just create new servers and keep going, it's going to be one of the problems they're going to have to face. But if they don't have a media team or they don't have any kind of response, they're going to get beaten badly in the media because in one aspect it will be right, the child porn or whatever it is, it will be there. And this is why I don't go on noster myself because I went on there. I was very early supporter because I opened source, but the filtering is terrible and I don't want to be exposed to this disgusting shit. I don't, excuse my friend, but I opened up noster and the unfilled stream is just there and just like, it's like back in the early days of the internet when people first realized they could send stuff over email and you see some friend would find some awful thing on like rotten.com and just start forwarding it to all this group of people, wow, look, someone just got hit by a train and you're like, you just did the morning happy, have a new coffee, check my email and you hit with this image or whatever and you just, it ruins your whole day and so I just, you know, this is why I actually social networks. I don't envy anybody running a social network because the worse, the worse and you need people looking and filtering the stuff, maybe AI can do it later on, but then AI is filtering. I don't know, I mean, I've talked to the devs and the aster in the early days about the philosophically, how do you deal with this and it's a hard problem, it's a hard problem. Free speech is an important thing obviously, but how do you stop that and the answer was, you run certain, certain servers will filter so you join a certain server that you like and you understand their filtering regime and you go with it. Maybe that's the future is that, maybe AI is part of that future and if you want to see an unfiltered version, then you go there and good old-fashioned police work will take down the awful predators that are using this stuff, but yeah, AI is also on the other side going to make it a spam fest of just absolute disinformation and misinformation, misdirection and everything else, but that's just the general world that we're going to move into anyway. Well, back when we could still be optimistic and we're reading William Gibson books, he called it cool hunting and he said that certain people would be cool hunters and they'd go out on the internet and find the cool stuff and report it back to you. I think Neil Stephenson, in termination shock quite a few years later, went the other way where he said the amount of disinformation got so bad that even look at the internet, you would have to have it filtered so you would hire a person and that person would go through your feed both incoming and outgoing and filter it for you and maybe now as we reach this AI era, maybe we think of it more as like an AI person or maybe a team of AI persons, like one that does your gossip, one that does your politics, one that does your local news and they're all curating different news feeds for you, but again, the key there, like you're saying, is curation because if you open up the local news feed, somebody spammed it with 500 Vietnam Indigis, someone spammed it with 3000 torture images, all kinds of horrible things you don't want to see from wars and just any kind of bad thing. And you know, what this is, you know, because we're so fortunate to be on the top of these Twitter things, we don't see all this horrible stuff, but it's definitely there underneath Facebook, underneath Twitter. Go Josh. Yeah, absolutely. And it is a little bit of a thing on the side here, but I feel like even though we're all so super connected, we're all so in our own bubble because of this sort of algorithmic choosing of the vast data that we wish to look at. And so, you know, back in the day when we had five channels to look at in as a society, we'd all go to work and stand around the bubble, the water cooler saying, ah, did you watch Seinfeld? You know, haha, how George came out. No, we all have something in common to talk about. Now we have nothing in common because I get my own personal stream. You get yours. Everyone's different. Unless there's some real calamity, global calamity, then that gets talked about. But generally speaking, we're all in our own bubble. And it's kind of this push of of loneliness because even though they're we're all more connected than ever, we're more lonely than ever, according to a lot of surveys. So it might have something to do with the fact that we don't have shared experiences. See, that's why two weeks in a row, I get to mention Vaughnigitz, least popular book slapstick or loan some no more in which he assigned everyone with a random middle name and a random number. So you'd be like a red 15 and I'd be like a red 22. And we'd be cousins because we're both reds stuff like that and your brothers would all be 22s and then you'd have little social clubs and meetups and just like any family, as Vaughnigitz said, you know, do you have some good people, some bad people, some jerks that borrow money from everyone and you kick them out of the red 22 club. And what he said is that people really just wanted more relatives and they used to have that back in the farm days and back when they live close to each other and they just don't have it anymore. So that's why he's proposed to solve it. But let's give the last word on this issue to Jack Dorsey who despite us tweeting directly to him about Noster many times back in the day, he did not find it until much later, but this is his story about discovering Noster which is kind of like a dream for him. And people kept tweeting at me that I should be looking at Noster and I found the the GitHub that described it and it's just like a hundred percent what we wanted from Blue Sky but it wasn't developed from the company, it wasn't funded from the company, it was completely independent. This paper diagnosed every single problem that we had and that I saw that we were trying to address with this protocol but was doing it in a very grassroots and simple, dead simple way that felt like the early Twitter to me where any developer could get on and start playing with Twitter and actually feel it, like feel it immediately. And then I downloaded a client called Damus and I created an account and it gives you this public key and secret key and I could take the secret key and I could log into a completely different client internet. So pretty impressive stuff from Jack as he says they tried to develop it in house at Twitter but it wasn't a company that could solve this problem, it was an independent team of Fiat Jaff and Ben working on Noster and other projects that Ben's been working on, like LNBits. So definitely check out Noster. The original Twitter was a lot more, it was like they were trying to build a protocol actually because anyone could use it and anyone had an API and then all these businesses and this again why I don't like the guys, all these businesses sprung up and tried to build on the API, built all these amazing features and tools and then one day they just cut off the API and said not everything's coming in-house and so they just destroyed massive amounts of startups, like a lot of startups, thousands. So yeah, anyway. It is funny to see him taking credit for things he'd kind of turned against and for problems that he'd started and it's a very complicated history there with Jack but it's good to see him on board with Noster and when I watch that I really think that that's what the business insider articles should have been about. Like sure it's fun to dox this guy, it's fun to say, you know, he's written two web pages about some fascist guy but really what's more important than that because again this guy didn't get famous for these fascist websites, these weren't successful. What was successful is his contributions to Noster and to the code which allows you to send these messages around the internet and for them to go somewhere. That's what they should have focused on. They should have focused on how Jack has this big company, all these people working at Blue Sky and Twitter, all these professionals, he can't make what Fiat Jof and Ben got together on their own and that's the story. That's the exciting part. These websites are not popular. Like they're the only ones who found these websites that the guy made. I mean it's unfortunate he's a fan of this guy or whatever but really we're looking at his code, we're looking at his code, could allow us to do if everyone works together on it, but keeping in mind the massive curation and I guess you call it censorship if you want to go on the negative side of curation but the massive censorship that's going to be necessary to keep this horrible part of the internet from rising up into your feed and you'll know right away when your feed breaks and it breaks through and yeah it's going to be an interesting future if we do have to go to these more filtered internet because the real internet is so bad. But let's keep it moving, check out the World Crypto Network where we now have 3,800 and one videos. I guess a lot of those are shorts because we've been doing shorts lately but you can check them all out at worldcryptonetwork.com and on our YouTube page. Moving on to issue three, how roaring kiddie's wealth went from 53,000 to nearly 300 million dollars and could one day top one billion dollars. If GameStop picks 65 dollars, roaring kiddie will reach one billion dollars. It doesn't look like it's happening today. GameStop has stumbled 40% after he made a live stream and didn't announce anyone anything new. I think people wanted to say that he'd taken over the company or he had plans for it. Of course we talked about this a few years ago and meme stops were a big deal. GameStop AMC were supported by people after the pandemic who thought they had value against the short sellers who thought that they were dead companies and easy targets. It's fascinating. It's happened again within the last few weeks. roaring kiddie's back. He's claiming, I don't know if he's even claimed that GameStop is a buy but everyone started buying as soon as he started posting memes. Then he revealed that he had held his position. He has as I said, 300 million dollars in GameStop. He could have a billion dollars. It could be one of the largest shareholders in the company. If it continues, Josh Shagall, what do you think about this meme coin madness? It's not Bitcoin, but it is kind of Bitcoin related. And I think we should just talk about it as well as the fact that an individual human with 53,000 dollars has a chance, even just a chance of becoming a billionaire since saying. Yes, wild, isn't it? I think that the major problem here is that fundamentally people don't like when there's a single person. They become very jealous and jilted and angry. I don't know whether it was orchestrated this way or whatever. But the fact of the matter is before the meme was GME. It was the GameStop. It was the nostalgia people felt about GameStop. It was about taking down the man that was going against my childhood of going to the GameStop and trading games. Now, it's turned to all about this roaring kitty guy. It's not about the nostalgia. It's about this roaring kitty guy. Can he become a billionaire? People are like, I don't want to care about this guy. I can't use an owing or whatever. I don't even think we get anything if he becomes a billionaire. I mean, he hasn't even said, if I become a billionaire, I will show you pictures of luxury or I will do cool videos or even like Mr. Beast. I'll give away a thousand candy bars to people who are poor. I mean, he hasn't even said he'll do any of those things. Not that he has to. His money can do whatever he wants with it. But yeah, I don't even understand what the public gets if he becomes a billionaire. Josh, other than a really cool story. Yeah, right. And so I think this is the sentiment why we're seeing 40% down is when something's mean based or sentiment based, it goes up. But it also comes down very, very quickly. As they say, takes the stairs up in the elevator down. So that just from the fact that he came on, went on his white livestream and then it collapse 40% is a big, big point of the fact that narrative is changing from this nostalgic thing about GameStop and moving across to him being the focus. And he was never the focus. He was the mouthpiece of the nostalgia and sort of putting everything together and sort of a couple of cool documentaries about it. And I live through it as well. Watching this guy, it was amazing. But the GameStop saga, but yeah, similar to the meme coins, I think there is value there somehow and some of these wacky things because there is a trend. And trends fundamentally are value, but they lose value very quickly as well. It's, it's, I have fun at fascinating. I find it really fascinating. The psychology of of morality of trends and how now with because we have read digital assets, you can actually invest in a trend is a really interesting aspect of this whole industry. And so my idea, I think that's one. I think you're getting ahead of a later issue there, Josh, of the trend of investing. But yeah, it's been crazy to see his story and I'm not sure why he came back. At the end of the dirty money movie, it says that he made about $35 million and he retired from public life and he's kind of got a smile on his face. And obviously it's a Hollywood movie and it's an actor and all those things. But it seemed like a sweet end of the story. This guy was a traitor. He had a hard time getting a job with the economy and everything. Does a little investing on the side, gets viral on YouTube, has a cool microphone, all kinds of stuff. But yeah, the coming back thing and at first, I really thought it is, it's a count had been hacked. It's posting all these crazy memes, memes, memes, memes, no words, no YouTube's, just memes. And then he did come back and made a YouTube. And like you say, Josh, it really disappointed people. I kind of think the reason he came back is he wants his original thesis on GameStop to be correct. That GameStop despite the fact that no one ever goes there every time I walk by, it's completely empty. I can't imagine why I'd go there. Even I buy all my games online now. I don't understand the point of it. And if you really want to get old games, you'd go to like a thrift store or an old record store or something like that that might have a deal. Even that's pretty much gone. The old days of Nintendo games at garage sales is long over. So I don't get it. I wish he had come out like people said years ago during the first meme coins, GameStop should take advantage of this. They should turn into crypto. They should turn into Robinhood. They should turn into trading. Have Bitcoin ATMs in their store. Suddenly people come in for Bitcoin. Maybe they come, they play games, they hang out, they could make it a hang, make it a soft or like a soda counter where you could play video games or an arcade, something like that change the company. If he had had any vision where he said GameStop has a lot of locations and a lot of employees and I'm going to leverage this to make money. And that's why I've been buying the company. That would have been great. I think it would have skyrocketed. I think it was a lack of any kind of vision other than I liked the stock, which seemed to work great years ago. And I love the movie. It's got incredible music. I love the story of kind of small normal people like myself making money in the stock market and some of them losing the money as well. And as well as the separation between us and these hedge fund people. I just watched John Oliver's great piece this week on Red Lobster, the restaurant here in the United States that was bought by one of these hedge funds. The hedge fund took all the real estate from the company, sold it, then rented it back to the company, causing the restaurant company to go out of business because they never had the ability to pay for their real estate. And this has happened over and over again. And it's great to see them take one on GameStop for the short sellers to lose five billion. But I do think they're striking back. I don't know if Rory and Kitty is going to get a billion dollars. Let's go to the exit question. Josh Shagalla, everything on the line does Rory and Kitty get one billion dollars? Yes or no? Earlier this week, I thought it was looking good. The YouTube and the disappointment are going to be hard to overtake. I'm going to go know he doesn't get a billion, but he might win on his options. He needed to stay above a certain point by the 21st. He might win on that. Let's keep moving here. We've got another giant issue issue for Robin Hood acquires global crypto exchange bit stamp for 200 million dollars also related to the last story as of course many people used Robin Hood to buy their AMC and GameStop stocks during the meme crisis of years ago and today. And now Robin Hood has acquired bit stamp bit stamp a European cryptocurrency exchange founded in 2011. The world's longest running cryptocurrency in exchange as a European alternative to the then dominant exchange mount gocks. So a major purchase here for Robin Hood, a major exit for bit stamp. Josh Shagalla, you've been in the game a long time even in the European market. You probably remember bit stamp. What do you think about Robin Hood buying them for 200 million dollars? Yeah, big shout out to Damian, you know, just putting them once and I think it's great. I think it's great that the brand can live on. It always scares me when I mean bit stamp only had one major calamity happen, which was I don't think, which was I think covered, I don't think anyone lost money but they were there was a bit of a problem there years ago. But apart from that, I don't think they've had any other issues. So they've been a solid exchange. They've been a good player in the market. It always does worry me when an exchange gets bought out because new people tend to take over and the security in these exchanges is so, so, so, it's one of these things, right? Security in crypto, it's very, very difficult and when a new team takes over, who knows? Are they going to keep the security the same? We'll see, we'll see. But yeah, I think it's a very, it's fascinating that they've been around for so long and yeah, wish them all the best. Robin Hood, I don't know. I also find fascinating that Robin Hood's main focus is zero fee trading, right? If I'm not mistaken. And so yeah, I wonder what they'll do with the pricing of the trading fees on bit stamp if they're going to remove the fees and just go with the spreads. Or remember, like they said in the movie, they finance or allegedly, they finance the zero fee trading by front running their customers and selling that information. So if you assume they're front running your trades on GME and now they're just going to front run your trades on Bitcoin, I guess. Yeah, yeah. And this still hasn't been any major fallout against like turning off the buy button for GME. Yeah. Yeah. They said, they said in the credits of the movie that the court case was dismissed. It seemed really open and shut to me, but for whatever reason dismissed. Yeah. But I think what they've really bought and I think in many ways they've already been hacked, Robin Hood just bought a list of old Bitcoiners. This is a really valuable list, the customer list of bit stamp. Obviously, it's a European exchange. I've never really used it or been involved with it. But like you say, Josh, it's always been there. It's never had major troubles, except as Wikipedia says, in January 2015, they suspended their service after a hack which less than 19,000 Bitcoin were stolen. What a funny way of stating it less than 19,000. That's an incredible amount of money and Bitcoin and will continue to get worse as we know here. But it is funny how these early losses, like it was very easy for a normal person to have and lose thousands of Bitcoin back in the day. But even in 2015, so yeah, I have nothing for or against it, but I just do think Robin Hood's bought an old list. It's not exactly good for people when these old companies sell to these new companies. They're obviously going to try to make the best of that list as they can. And in list related news, if you use the popular coin gecko tracking software, which you might have to use after FTX bought Blockfolio again acquiring a list of crypto people. It's a trend. CoinGecko has been hacked according to an email I received before the show. So once again, trying to track your crypto portfolio leads to getting you on a list, leads to getting hacked, leads to God forbid what could happen. But yes, hopefully Robin Hood's fine with it and nothing bad will happen. But as you said, Josh, congratulations to BitStamp, everybody that worked there from the beginning, having a quality Bitcoin exchange, allowing people to buy and sell, make their decisions. That's a noble thing. And they did that for a long time. Oh, we've got a couple more stories. Mainly just kind of grab bag. Alistair Mill writes in and says that the amount of Bitcoin in flowing to the ETFs yesterday was $886 million. And that that's 27 times the daily mind Bitcoin supply. So as we continue to head towards this supply shock of Bitcoin crisis where the halving causes the supply to go down, eventually everyone buys it up. And then the price goes crazy. That seems to be happening. Got an interesting story here. It says that Trump's eldest son floats a plan to flee America for a crypto fascist resine in El Salvador, which would seem like a joke. But basically, everyone thinks the Trump family has an escape plan in the event of anyone face punishment. Just briefly, I agree it would be absurd for any American president or his family to flee the United States. But Josh, what do you think is El Salvador, a legitimate possibility for the Trumps, fleeing America? I don't think they'd flee America. I mean, even Trump said, if I go to prison, I go to prison. So let it be. I think fundamentally, if anything was to happen there, I really hope that America comes back together a little bit more because it seems so separated. It seems so divided and it's not good. It's not good. That would be good, Josh. I'd like that. But yeah, I don't think it's much of a story, but it's just crazy that they would even float the idea, even that an American president or his family would think about fleeing when we currently have the other side, Hunter Biden, having a gun trial today. Obviously, there are people that do get busted. There are reasons to run and flee. I just thought it was funny that Bitcoin and El Salvador was tied up in it. And the way that the larger soap opera of the Trump family is now getting into the smaller soap opera that we're in in Bitcoin and El Salvador, which of course we've talked about many times. We've got one more story on the show and it's all about meme coins. It's quite a doozy here. So try to keep up if you haven't seen these before. A Solana developer set himself on fire to market his meme coin called Dare. He doused himself in isopropyl alcohol, had his friends shoot fireworks in his direction during an event. And the worst case happened. He was caught on fire. He was not prepared for the outcome. This is disappointing. The group attempted to extinguish the fire with water bottles. Third degree burns. Very sad. Sorry to hear that man, but he's promoting his meme coin. We also have most celebrity tokens as we talked about last week are down 66% since Jenner token bizarre debuue, which many people thought his his her account might have been hacked. Because the it was just sloppy. It was like here's a link to a website and it was pumped up fun. You know, it was just really weird. Ige Azalea is doubling down after launching mother and of course launching the failed Ige coin, which their developer allegedly stole the $365,000 from first. Then she launched mother. Now she's launching mad labs, lads, PFP, another one of those profile picture things and her memes are making $194 million in a week. She's the only one surviving and she's interacting with the crypto community. It's like the picture doesn't load here, but we'll see if we can get it here on Twitter. It's a Photoshop picture that she tweeted of Vitalik Booterin breastfeeding and it says he was just hungry. He's breastfeeding from Ige Azalea who is calling herself now the queen of crypto or something and taking it over. Vitalik himself has been critical on or the tweet went, but he's been critical of these meme coins saying that he understands raising funds for a hospital or some kind of good. He doesn't understand these meme coins. But what do you think Josh? The guy set himself on fire. The coins are down 66% all but this Ige Azalea who seems to be hanging on. I absolutely understand it. This is what pop culture is. Pop culture is the proliferation of cult of personality and if people can buy into that hype, why wouldn't they? Of course, of course they would. Not saying that adds any value whatsoever into society. Absolutely doesn't, but it's a thing and to reject that it's a thing is kind of like putting your fingers in your ears and going, la la la, like it's a thing. And it will always, but in fact, this is where Max Kair, I think I mentioned this on the last show. Max Kair is an original idea and where he made money way before Bitcoin was invented was the celebrity exchange idea where people traded celebrities. On an exchange and he made some good money on that and then Bitcoin came along and he bought Bitcoin. But obviously this is why celebrities are interesting in the future. But I don't know actually why celebrity, if the future has celebrity, it's just sort of throw back to what we were saying before where everybody gets their own personalized feed. AI being able to generate people, generate songs, generate movies for an audience of one. I think it could also be the death of the celebrity. Obviously there's always going to be some celebrities that are human, but yeah, I don't know how much a future of celebrities actually have as a thing. But definitely holding some sort of stock, even though it's not totally tight to them, like there's no dividends on this success or anything, but it's you're buying something that they've created, hopefully they've created and it's you can buy it. But obviously there's also many scams because anyone can launch a crypto. I don't know, Josh. I think you've changed everything that you've changed everything I was going to say here. Originally, I was going to come out and say the celebrity shouldn't do this and they shouldn't have meme coins. But you're right with the advent of AI. This might be their last chance to basically turn their celebrity status into money. Originally, I was going to say things like this is the smurfs and igia's alia is gargamel gathering up the smurfs, her fans and melting them down, turning them into gold. How great it is. She finally found a way to turn her fans into gold selling the music, selling them whatever else she sold them. That wasn't good enough. They should just give her the gold directly. So at that point, I'm horrified by it and I do agree with Vitalik here where they're just raising money for the point of raising money. They don't have anything like she's not raising for a hospital or for a good cause or to help the world. Maybe she could. Maybe someone else like Mr. Beast or Taylor Swift will come along and use this meme coin concept to actually do good and we'll have to sit here on the side and say, well, everyone's going to lose their money. It's going to peak and it's going to go down. But they're building a bunch of hospitals. So that's good. So it becomes something like maybe the state lottery where you don't like it because people are investing in it. But you do like it because it supports a very small fraction of a percentage into education. If someone like Beast or Taylor Swift or even igia's alia decided to put a large percentage of the profits, 30%, 50%, 100%. Why not? You're already wealthy from doing your other work. Why not give back to the community? So I do think just like with many things in crypto, it can be the greatest thing. It can be the worst thing and it depends what you want. And the same thing with the Iggy thing, she could make more money. This could be great. It could horribly crash. She could do a U-turn and start building hospitals. We have no idea where it's going to go, but I do think it's fascinating. And even though it's not Bitcoin, we wanted to bring it to you guys as a fascinating story on meme coins. I don't want to have anymore on a Iggy's alia. And I want to also shout out to the guy who said him on fire. We just talk more about that. Go ahead, Joe. Yeah, yeah, that poor guy. I mean, gee, that's really Darwin and Ward stuff. It's just these young idiots that are trying to rise above with their marketing and just start. Well, and not that not the word, you know, anything involved in meme coins. But as Andrea said on the show, I think it was in the first 10 episodes or so. He talked about Joey Cohen. And this really stuck with me and helped influence me on Kerio cards. And I'm sure I always like baseball cards and magic cards and all those things as well. But I think we're at the point with Salona. And again, I don't have it looked into it personally, where for about $10, I think you could launch Joey Cohen. And whether if you're successful like Iggy Azalea's version of Joey Cohen, Iggy Cohen or whatever, or Mother Cohen, it could be worth millions and millions of dollars. And so I think that what that developer guy was looking for was what's the difference between my Joey Cohen and Iggy Azalea's Joey Cohen. And he thought by having that stunt lighting self on fire, which we've seen dozens of stunts be successful from all the jackass guys over the years, MTV show here in the states where they do pranks and hurt themselves for money and for fun. If you could do that and support your meme coin, I think they're looking for to bridge that gap. And they don't know where it is. And they don't seem to have any bottom for what it is that they'll do with hurting themselves, hurting other people, hurting their reputation, doing disgusting acts. I think we're going to see more of this. I think that we're going to say in the future, we're going to see that was the first guy to set himself on fire to promote a meme coin. Yeah, I've got some of the first coin of the guy that set himself on fire. Yeah, like who knows? Yeah, it's it's it's a weird world out there. And to reject that it is a weird world is just going to lose your capital. Yeah, obviously he's going to lose your capital. Anyway, but one thing before that we move on to the last thing about this Iggy thing, these headlines are also disingenuous to say it's market cap is 90 million. She's made all this money. If she tried to sell hardly any of that, there's just these coins don't have much volume. Memecoin makes 194 million. I don't know. Like, is that a is that a market cap number there? Or what, you know, and so it's also important who owns these coins. I've heard that she said she didn't own very much of her coin and they followed this wallet to that wallet and this one to that one and they say now they think I allegedly, I don't know the details of course, but that she owns 30% of her coin. So if you own it, if you're buying and selling it, if you're stockpiling it, you can affect the price of it. But I do agree, Josh, this is one of the scariest things about cryptocurrency and all these things we've always talked about. If I print 100,000 coins and I sell one to you for a dollar, I have a market cap of 100,000 dollars. I can't sell it. There's not liquid. There's not enough people to buy there. Like you say, if I try to cash out starting at 194, it would have very quickly down as people realized what was going on and also started selling lower than her causing the price to go down. We would see huge crashes and I think we've probably already seen these in general and other meme coins. I think we're going to see this in the future. But I still think there's got to be a guy out there like my friend who was all happy with what was that the coin where the guy yelled on stage and stuff. He had bought that one early and he sold it. Yeah, a bit connect. He bought it early. He sold it early and he was happy. And he was like, yeah, I made money. I've done with it. Many other people bought it at the wrong time, sold it the wrong time. So I think just like with that, there's somebody out there right now who's like, I'm happy with the meme coin. I bought it at this. I sold it at that. I'm out. I'm in. I'm out. That's it. So there are going to be winners here. There are going to be losers. But it's crazy to see it bubble over from just Doge and Shiba Inu. And I guess there's a dog coin now. I always buy these guys that are made of me on Pepe coin and stuff. It's a wild world out there. Well, it's the strange. Your things, too, you never think that Pepe would be so valuable given at the time. It was pretty much a hate symbol. And it was so difficult to get and all those things. But yeah, it takes off. Maybe in the future, people are collecting ironically or semi-ironically, this mother token. We have no way of knowing. And maybe her fans stick it in. Maybe they don't get scammed. But let's go to the exit question. I'll go ahead and predict first. I think her fans are going to lose everything. They're going to get scammed. All these meme coins are going to zero. Especially if they don't have a plan. We talked a couple of weeks ago about a band. I think it was called Avenged Sevenfold. And they had an NFT package and you could buy the NFT and get discounts to the concerts and get on the mailing list. All that kind of stuff. I think if you have one of those and the way to get it is to pay with Taylor Swiftcoin. Very successful. Very smart. Have your own ecosystem. It takes a lot of work to develop that. It's not five minutes and $10 putting on this a lot of thing. It's not having your friends light yourself on fire with fireworks. It's developing a whole ecosystem and actually rewarding your fans, giving them a reason to buy and purchase your token. I'm not seeing that so far. So until I see that, memes coins to zero, buyer beware, caveat, emptor, Josh, you go, what do you think predict the future of the meme coins? What happens next? They'll boom and bust. They'll always be around. There will always be a circus of trends being traded. That's just how it will be. I don't see any way that it's not. And this is why I just laugh at all these Bitcoin monopolists who just want one Bitcoin. It's just a weird thing to predict. It's never going to happen. Well, and one more time because I flipped by it in the tab. Here's Ige Zalia famous pop star who is Photoshopped or had someone else Photoshop or found on the internet a Photoshop of Vitalik Booterin who I used to know at the Bitcoin meetups and stayed at my friend Jeremy's house and rode in my car once who became a billionaire and met Vladimir Putin who is now on Twitter being breastfed by Ige Zalia. What a crazy world. What a crazy world. Obviously, it's a Photoshop and so forth. But hilarious, amazing. What a crazy world. But we're running out of time for today. So we're going to go to predictions or story of the week. Josh, you already have a prediction or a story of the week. Go ahead. Oh, story of the week. I got a little puppy and unfortunately he's having heart issues. So ask everyone to if you're a praying person. Help if that helps. That'd be cool. But yeah, he's just always out of breath. He's breathing at about 106 breaths per minute. He's a little black German Shepherd pop and yeah. So we're going to see what we can do to help him out. But yeah, that's kind of awful. But he's still he's a trooper. He's a little trooper and he's such a good dog. He's always right next to me whenever I walk. He's up looking up and he's a good little guy. We do the best we can with animals. Sometimes it's not so long. Sometimes it's longer. But we give them all the love we have. And I know that dog gets to play with your kids and stuff and your family. And it's just a positive environment for a dog. So even if it's a short amount of time, it's good that we can give them that environment. I know a lot of people out there hope you guys have cats and dogs and we all have the same story. We all just love our animals. So sad to hear that Josh. But I just want to give a shout out to everybody who got to the end of the show today. Give us a thumbs up. Give us a surfer emoji or a wave down below. Thanks for joining us. It's hard to keep these shows going, especially in the summer. A lot of people on vacation, a lot of schedule overlap problems here. But thanks to Josh for sticking in and helping us do this show. And thanks everybody for watching it. And hey, we got the same microphone as Rory and Kitty. We've got to magicate ball. Does this mean we get a billion dollars soon? That sounds fun. I'll build some hospitals. Not opposed to it. But thanks so much for joining us until next time. Bye.