The Bitcoin Group, the American Original. For over the last ten years, the sharpest Satoshi's, the best Bitcoin's, the hardest crypto currency talk. We'd like to welcome our panelists, Josh Shigala from thestandard.io. Nihaal And I'm Thomas Hunt from the World Crypto Network. Moving on to issue one. ETHERIUM ETF should be fully approved by September. Says SEC Chair Gary Gensler. They've tried to block them forever, but as we predicted on this show multiple times in the recent past, after they got the Bitcoin ETFs through, there was no reason not to allow the Ethereum ETFs, which is a scary slippery slope that could quickly lead to Solana, Dogecoin, and anything else you can think of as an ETF, Josh Shigala Bitcoin waited so long, it doesn't seem like Ethereum is going to wait very long at all. What do you think about the latest ETF from the SEC? Yeah, I mean, we called it here in the show as soon as Bitcoin's done. I mean, but the thing is, I don't even understand why it takes to September. Really? Like, what are they doing there? What are they going to change some things in the protocol? Are they putting pull requests into the GitHub repo? And because XYZ reasons, yeah, it just, it seems all very, like, oh, we're so important, it's going to take until September. We're very, very important thieves over here. We need to structure our theft a lot stronger. So I don't know. I'm just a investor. It just blows my mind how this guy is just such a nonsense fraud fake fraud this against all of them. Anyway, even if he left and someone else took his job, it's a fraudulent job that they will do. They don't even do a good job. FTX still happened under their watch. His head didn't roll. It's just all fraud. It's a basically, it's a, it's a toll booth. It's a toll booth for people to have to pay to do business in the US. That's all it is. And there's nothing else to it. Well, I do think it's a noble idea to try to protect people from bad investments. And certainly there was a time where they could keep the market and they could say, you're not a real company. You're out of here. And like Josh said, so many times they do miss it, not on Tesla, but I think it was Nikolai, something like that. There was another auto company that said they had fully automated electric semis and then turned out to be completely fake. And they got onto the stock market and they had big displays and everything. So as Josh said as well with the FTX thing, so many times they can't stop anything. And as we're going to talk about here with issue four, they can't stop these Salona meme coins. The genie is out of the bottle. And it's the wild, wild west. And as it's the wild, wild west, I think it's terrible that they've been blocking the Bitcoin and the Ethereum ETFs for so long. This is a way for people with their retirement accounts to get an exposure to Bitcoin and perhaps Ethereum or anything else they want. And they've been blocking them from having this exposure. Meanwhile, they probably bought gold or diamonds or technology, mutual fund or whatever it is. They didn't have the option to buy Bitcoin. They had less choices. It's not fair to them. They were overprotected. And now I really agree with Josh. I think that they're waiting until September so that they can get their investments lined up so that they can make sure that you sell your Ethereum to them and all these other things. And you'll be forced to do it. And the price will go down and you'll give up or something like that, some kind of white salon or black swan event will happen. And suddenly they'll end up with all the chips. What's up? After waterloo. Go ahead, Josh. Yeah. And I think the timing is interesting as well in terms of market cycles. So generally, after harvining, it'll be around about, now-ish, that we start to see a kickoff. So this could be almost like a ramjet coming in at almost where the end of a major boom should or the middle of a major boom should be. So this might be setting up the market for a massive failure because we'll be already in a massive hype. That'll get released. That'll boom up even further and it could over price the entire asset class and then crash dearly causing a lot of people to lose a lot of money and then get a little waddling with his head and then say, see, I told you. So yeah, I mean, if anything, I think they should have just allowed it now so that we're still in a consolidation phase. We're not in the mega cycle right now. I think we're at the start of it, but we're not in the middle of it. And so yeah, I don't know. I find it kind of annoying that there's this manipulation. It's a manipulation, I feel. I don't know. I'm going to go with the mega happy ending where last time we had the FTX collapse that kind of ruined our bull run this time, maybe we'll have the Ethereum ETFs perfectly timed with the Bitcoin bull run to launch all cryptocurrencies and again, sadly, all cryptocurrencies because they all tie on to Bitcoin like a rocket. Bitcoin goes up all the maximists are really happy. And then a bunch of these altcoins go up more percentage wise. But again, Hodling's still the safest and least stressful strategy. But if you're on the way up and you're looking for risks, there are a lot of risks available in altcoins and sometimes they pay off. Let's keep moving. Let's go on to issue two crypto markets have seen $12 billion of net inflows this year. JP Morgan says most of the $16 billion inflow came into spot Bitcoin ETF since their launch likely from existing digital wallets on exchanges. And again, building off the last issue, they blocked this for so long they pent up and held down demand. So when they did allow it, we see a huge explosion showing how wrong they were to block this. The Bitcoin price of course plunged because everyone thought it was going up and they put all their money into longs as $245 million in crypto longs were liquidated as the price fell 5% to 66,000 looking at the price right now. It's around 65,716. Although looks like a bottom is in and a possible recovery. So go to myself on this one. What do I think about the Bitcoin price and all of the ETF inflows? I think same thing building off the last issue, they stopped us from having this years ago. We talked about this years ago, five, eight years ago, something like that when the Winkle Vi were applying for the first ETF and it seemed like a no brainer. It seemed like some of the largest problems with Bitcoin or crypto are having to hold it yourself, having an account where you can just send the crypto out to any wallet. If you could have that in a stock market account with your existing security or even a brokerage account where you don't even control it, you call up some guy on the phone. He puts it through, of course, he knows who you are. He has your phone number, all of those things. It's a lot safer for people. It's a lot easier. And as we're hearing through the grapevine, a lot of family offices and large investors are still waking up to Bitcoin, waking up to this reality and looking to place their investments likely into these ETFs because they find them safer. Josh Shagala, what do you think about the giant inflows into Bitcoin and crypto in general? Yeah, I mean, to your point though, we have plenty of examples of total failures, like Bernie made of, you know, I mean, just outright, easy to spot in hindsight scams. And so, you know, these authorities really haven't stopped much by these massive influxes into other areas of the market that were highly regulated. But anyway, I mean, I think it's a lot like the, unfortunately, like the terrorism example where we have two or three major failures. We have tens of hundreds of successes that we don't know about because they didn't happen. So I do think that we need cops on this beat. We do need laws. We need the attempt at laws, but I think that in general, the problems become that whack-a-mole solution where it's not just drugs and drug dealers. It's this meme coin generator on Solana. I don't know the details, but you put 10 bucks in. You get a bunch of meme coins all of a sudden. The Gary Gensel's job just got infinitely harder. So I think in that part, it might not be doable, but it's the kind of thing you still want to do. You still want to put out the effort because if you didn't do that, it could be 10,000 times worse. But Josh, why do you think about Bitcoin and the money coming in, the big inflows? Yeah, the big inflows. I mean, it's bound to happen. It keeps on happening. It will keep on happening because where else do you put your money right now? Like, okay, there's Nvidia. There's, you know, open AI's not, you can't invest in that. Microsoft, I guess, you could invest by proxy into open AI through them. But that's also a very precarious investment because what AI tends to eat itself, because it's just so powerful that, you know, the major large players. So I just think of this, this is the asset class. Like, I'm not, I'm so removed from traditional investing just because I've been in this space for so long. I understand this space very, very well compared to the other space. But generally, when I look around, I just think I don't know. I feel like I've kind of missed the boat on Nvidia a little bit. I wouldn't feel comfortable investing in Nvidia at the top of a hockey stick. And in general, the market seems very, very sort of mad. And everybody's talking like the repo markets in the auto industry are absolutely out of control. No one's got money. I've been hearing lots of people talking that, like small business owners that are really struggling because people just don't have the money anymore to put even into buying a coffee in the morning. They'd rather just make the coffee at home. So some of these luxuries are dropping away. The market globally, this isn't just an American problem. This is a global problem. And I'm seeing it over in Europe, I'm seeing it in Australia, that the retail hasn't got the cash right now. And so we'll see what happens. We'll see what happens. But the one parade that is really going to kick off, absolutely. And we'll keep on kicking off is the crypto market. And this is a parade that, well, the big boys want to reign on. The regulators want to reign on. I agree, Josh. And I think part of the problem is, if you've been in crypto as long as you and I have, and some of the audience, it doesn't feel risky anymore. I mean, we're looking at Bitcoin oil right here with the five year chart. If you've been in it about five years, you've seen 5,000. You've seen a crazy high right here, 65,000 or so. A big drop, another 65,000, a huge drop, a year or many more of sadness and nothing. And there we are right back at 65,000. So like you're saying, where else could I put my money? Many of us in the audience are likely over invested in cryptocurrency. It's the only thing we've ever bought that did well. And that keeps happening. You keep diversifying into things that do worse. And then you make less. So you try to keep holding your crypto stack. And I think that's what people are doing right now. They keep holding it. If they had the longs or the shorts, though, we've seen the market fluctuate enough to dump out those longs and those shorts. So again, if you're new to this market, you could do a long where you do some borrowing and things and you get more stock if it goes up. And then if it goes up in the short term, you make money. You could do a short where you do some borrowing in a negative way. And if the stock goes down or Bitcoin as a stock, if it goes down, then you make money if it's in the short term. Or you could just buy the underlying asset and it goes up or down, you get to hold it. The problem with these longs and these shorts, if it goes up or down too quickly, depending on which way you've bet, you could lose and then lose your underlying asset. So that's why it's such a big deal when we have these big 5% swings. And the hotlers are like, oh, I don't know what happened. I had this investment and it's still there. A 0.1 Bitcoin is still a 0.1 Bitcoin today. They're not concerned about it. But if you had that long and you took your 0.1 and risked it for a whole Bitcoin or a short risked it for a whole Bitcoin, you would be very stressed about the 5% swing. So yeah, no, you spot on. Absolutely. Let's move on to the exit question predicting against the magic Bitcoin ball, the predictor of all truth in this universe. Josh, should go with a price of Bitcoin be higher or lower this time next week? Oh, yeah, the triangles and the squares and the circles, the Fibonacci specifically are pointing to up. All right, I'm going to stick with higher always Bitcoin maximalist blah, blah, blah. Will the price of Bitcoin be higher this time next week? Concentrate and ask again. Concentrate. Go ask again. So there it is. You can't always get what you want. Moving on, check out worldcryptonetwork.com where it seems like this week, we've got a lot of short videos about Curio cards. Learn about Curio cards, NFTs in short videos this week on the world crypto network. Moving on to issue three Bitcoin politics. Trump wants all Bitcoin made in the USA after hosting mining industry heads. The presidential candidate who previously, while he was president, said Bitcoin was a scam and did nothing for Bitcoin, is now doing everything to meet with Bitcoin leaders who dress just like him and take fun pictures. Meanwhile, the Biden administration and campaign could be planning a crypto coup fund words there amid Bitcoin, Ethereum and XRP price swings and according to Forbes magazine and the update, Biden's campaign team has held talks with crypto companies about accepting crypto donations via coin base and are paying attention to crypto issues. Josh, it seems like Bitcoin has gone totally political and we can trust both sides and should send them our Bitcoin donations immediately. Isn't that right? That's absolutely right. It's always the thing that happens is that we've got to appeal to every single tiny niche, but the Bitcoin and crypto space isn't a tiny niche anymore. So, appealing to those is important. What I find interesting is that I tend to follow these wallets that they put out there because they're at UTXO or account models and generally not that much heads into the political realm. I definitely don't think that Trump would get a lot more Bitcoin than Biden purely because well, I feel these more popular, but probably in that segmented market of libertarian types, I think who probably collect more. Yeah, I don't know. I just would stay away from sending anybody your Bitcoin just a small bit of advice. Cheers. I'm always reminded of my favorite Dick Tracy quote. He's pondering it and he says, the enemy of my enemy is my friend. And then he says, no, the enemy of my enemy is my enemy. So once again, I think this is just capture from the outside. More people that aren't into Bitcoin, aren't into cyberpunk history, aren't into the things that you're into, but they're here to take your money. I do think it's a good thing. I think it's a sign of Bitcoin growing up, especially as I mentioned in the intro. Both sides are doing it now. Both sides are going to accept Bitcoin. I agree with Josh, hopefully a very small amount unless you guys made way too much and just want to give your money away as we've seen at Bitcoin magazine many times. Also note the fantastic photo. I think that was the CEO or something of Bitcoin magazine, the publisher or something. So they're really, really exposing what side they're on. And no matter what side you're on, I think you'd rather have middle of the road coverage rather than clearly one sided coverage. But that's what we're talking about. Too much into the pandering, too much into believing what these people say. I mean, for example, Trump spoke in Vegas recently and he's basically talking to a bunch of waiters and waitresses and people that work in casinos. And he said, I'm not going to tax your tips. It's almost getting to the end of the point. You talk to the old people. You're going to live forever. You talk to the stock traders. I'm going to give you free trades. You talk to the auto mechanics. I'm going to make oil and grease free. You know, it's this. Tell me a time when that hasn't been the case though. I mean, that's the most important thing for ever. But when it is actually the case and you can call it out on its face and you can say on its face, this guy is going from group to group saying what they want to hear. Like not as an example, like politicians say what they want to hear. He's actually doing it. So I would worry about that if that's where I was going to invest my money or my time and my political beliefs. But I think in general, both sides are waking up to it, which is good. We don't want it to be Elizabeth Warren versus Trump. And one side is going to ruin crypto unless you like that narrative and you're into the whole hate thing. Otherwise, I think we're going to get a lot more done if we see that both sides have a reason to like Bitcoin, both have a reason to dislike it and we need to moderate it so that we can have more things we like about it and less things that we don't like about it and that we can work together on that. I did write a little thesis, which I'm about to publish on my Twitter about the monopoly or that the US has on global settlement through its dollar is about to come to an end. Well, has come to an end of July of the 5th with the bricks and specifically the Petro dollar in Saudi Arabia. Now they've dropped the need to have to settle in US dollars with their oil trades. Now this has been something that's been going for a very long time since the 70s. So the US has protected that pseudo monopoly globally through war and through force for a long time, but also through trade and through deal making and saying, look, you have to use dollar and will protect you. So now that that's dropped down, the US has one, I believe in my mind has one chance that they can take to continue having that dollar as the global settlement and that is embracing the dollar-paged stablecoin market that has managed by default to become the currency that everybody pegs to whatever country you're in. Most people price their Bitcoin in US dollars right now. It doesn't matter. I've seen this phenomena myself globally. Everybody's portfolio is in US dollars because YouTube and the traders on YouTube all trade against the US dollars, they're not. We have Euro S as a stablecoin on the standard, but obviously the vast volume is in US D stablecoin still. So I feel that if they wanted to protect that, they should really harbor stablecoins and try to get that network effect because the network effect is even stronger than any protectionist racket that they can set up through war or anything like that because the market will choose voluntarily to use US dollars if that's what they used to doing. If they used to pricing things in US dollars, now that can happen. I would say that the government would be wise to really focus on the stablecoin market and allow for the stablecoins in US dollars to have that fostering because otherwise it's going to splinter off into all sorts of things and people will start to use their local currencies again. And there's an opportunity there for them to keep that and that will be long term too. I think you're right, Josh. I think it is their last chance because that is somewhere that they can regulate it. If you look at Tether, one of the big things about Tether is that allegedly, Tether had US dollars in a bank account that backed up Tether. That's why you knew it was safe. So if you're the United States government, you know exactly where it attacks and you know where the dollars are. And as we've seen with data, countries have started to make rules saying, you know, oh, Russian data has to stay inside of Russia. You could say the same with US dollars. You're like, US dollars have to stay inside of the US so they could do that kind of control over it. They could do the taxing on it. They could try to do limited blocking of evil addresses, people that are doing things that they don't approve of, so on and so forth. Are they smart enough to do that? I don't know. They're smart enough to make a plan to do it. I've read a lot of the US military plans for global warning. They have a great plan. They could fix things. They could get us on the right track. They're not doing it. They're not implementing it. They have a plan, but they're not using it. So I think it will be very smart of them to do it, but I don't know that they're going to and I think they're going to run out of time. And they might try what you're saying, Josh, but by the time they try it, there'll be so many different US dollars stable coins. As you say, even worse, stable coins, you know, attached to something else. Like, for example, a basket of currencies. Once you start doing a basket of currencies, the US dollar is just one of those currencies. It's not as important. It just helps the average. Well, don't think it's not a threat because Facebook, that's exactly what Facebook tried with the, with the Zuckbox that he, I don't know, that was the nickname, but it basically tried to build a basket of currencies that would be the Facebook dollar. And that got shut down. I mean, this is one of the largest companies in the world being shut down. And you know, that's again, that's similar to when Saddam Hussein wanted to sell oil in euros or whatever it was. A big change like that upsets people. And we see what happens when JFK was printing silver certificates, these kind of things. People do something they think is innocuous. And then, you know, a bookshelf falls on them. So that's right. But Zuckerberg's doing fine. He's got that compound in Hawaii. I just read he's building a compound in Lake Tahoe. It's amazing. These, and again, here I'm getting conservative here, Josh, my old age. These liberals that live in the cities and make all their money, they want to run away and have big compounds in the country where no one can reach them. And they're not part of any community. It's very strange. Yeah. Zuckerberg has been strange the whole time. So that's not a big. Well, beachfront mansions and then scream about global warming and rising sea tides. It's never too late. Let's keep moving. Let's move on to issue four. Issue four meme coins. Again, Andrew Tate is here. Now the kickboxer and male showmanist is now presenting his own token, daddy token. Daddy token is now at this time has a market cap, which remember means that you couldn't actually get that money. If you tried to sell it, the price would start going down, especially if he owns 40 to 60% of it, as they say. But right now it has a market cap of 340 million, which is above the market cap for Iggy Azalea's mother coin, which only has 192 million and a alleged deal with a cell phone company where you'll actually be able to use the mother token to buy cell phone minutes allegedly. This has been reacted to. We've also got Hulk Hogan jumping into the ring with a hashtag pump coin. It seems everyone is going to make their own coin as we said last week like Gargamel trying to turn their fans the smurfs into gold. Just turn them into gold. People is on the dot already making beautiful fun of this with an American Gothic themed mother and daddy photo showing Andrew Tate and Iggy Azalea in the classic American Gothic with a green candle pitch fork, just perfect. He even released a white paper describing the details of his artwork. But Josh Chagall, what do you think about meme coins? It's now mother versus daddy and the most reputable and wonderful of all characters are getting involved, such as Hulk Hogan, who was recently in the news for a sex scandal and a sex tape and hasn't wrestled Kogan for 20-30 years. He was involved in the gocker. He took down gocker. There was a major story and I'm not going to recount the whole thing, but basically he had sex with someone else's wife on tape and the tape leaked or whatever it's out there. They sued gocker because it was like a personal tape or something, but a huge, huge story, huge story, Josh. But he's back now. He's got the pump token. Everybody gets a coin. Everybody gets a coin. That was my thesis back in 2011 that that will happen. Every single person can release a coin, every single company. It just is what it is. It doesn't matter how much you yell, big coins, the only one, it will happen. I'm not saying it's a good thing or a bad thing. I'm just saying that's the reality. It's so easy for anybody to create a token and put it out there. I think it will wreck a lot of people. It will wreck a lot of people because what they do is they jump onto a reputation. They buy the reputation of that person and then they realize it has no real value at all. But maybe where the value of these coins are not, which is interesting, is that these large players like Andrew Tate and such, Iggy Azalea, they will attract a lot of money because they're already massively famous. Maybe there's a little bit of an uptick in there. But I think where the real money is finding smaller artists, and this is what the Mafia have done, for instance, with art generally or artists, is they find unknowns, they buy all their artwork, they then make them very famous and their artworks go crazy through them. I mean, this is typical money laundering, 101. And so I think this is where the money really is, is finding high potential famous people that aren't famous yet, having a meme coin for them, buying it up or creating it. And then making them famous. That's where the real value is. That's the hard work money, though. That's you have to go out and find a new Justin Bieber. If you were just a traditional scammer, all you really need is a friend who's a Hollywood agent who has a stable full of clients and you can go through and just sign them all get 10% of each meme coin, have your little meme coin factory there and just clean up. Yeah. It's going to become like that. Like I said last week, show this was Max Keiser's initial business back way before even Bitcoin was launched was that, yeah, he created a celebrity stock exchange where he could buy into a celebrity and even though there wouldn't be any dividends, you would just buy the celebrity. Well, that was pretty great. You could bet on the movie if the movie was going to be a success. And then if the box office took in money, you could judge whether or not it was a success and it's very interesting. And that's going to be the same with memes, meme coins too. Like with celebrity coins, I guess they're not really meme coins, celebrity coins. And celebrity coins will take off like every celebrity will have their coin and maybe Tatiana coin will actually have the value at the end. It might, well, and it all goes back to what Andrea said, but I don't think he said it in such a dystopian and horrifying manner where it's like Hulk Hogan will have a coin, a strange kickboxer, male show venous will have a coin. Julian Popstar, you know nothing about will have a coin. He said more like everyone on the playground will have a coin, joy coin, Freddie coin, Johnny coin, and they could trade against each other. The problem with these coins is that people are trading Bitcoin or Ethereum or even Salona, things that actually have value in exchange for these coins that have questionable value. One of the great things about NFTs is that you can give them out to all your fans like a little quarter or a nickel, you know, something everyone can have. But what they're doing on these is more of an exclusive NFT where if you get it early, maybe you could make money on it selling it to other people who buy it late, who will then take the loss. So again, the value of these coins, I think it's sad and it's cynical, but it's mainly to bring in new adopters to Bitcoin, but to bring them in through the fire. You probably have to lose 90, 95% of the money that you put into these coins, then you have to take that lesson and say, that's why I'm going to buy Bitcoin instead of a meme coin because someone else will buy the Bitcoin off me. Whereas the meme coin, no one else would buy off me and the price went down. And that's a horrible lesson for these people to learn and so have a might not even learn it. They might say, cryptocurrencies are all scams and walk away for five years. And in five years, they'll come back, check the price of Bitcoin. It will beat up spoiler alert and they'll be unhappy. They'll be like, I got a dumb meme coin. Then I got chased out of Bitcoin. Then I finally came back and realized that Bitcoin was good. So these, they aren't our best onboarding. This is the not the what we would design if we had to say, let's onboard everyone to crypto, but we already tried that, right? We tried making YouTube videos. We tried meeting people. We tried going to conferences, handing out flyers. We tried all those things, but what we're really going to try that's going to work is give all your money to your favorite pop star. Think that you're going to make 10,000 X, lose all of your money and then learn about Bitcoin and doing things the right way and dollar cost averaging and how you can't time the market. And all these things that we can say, like dollar cost average, don't time the market. And then there's everyone just pushing all their money in and listening to us at all. I don't even listen to myself. If I have some spec, I just go, I've all, it is buy some Bitcoin or buy some of them. But the thing is, the conspiracy they trope is the same here. We can't design, there's no they in Bitcoin that can design. Well, the day that's blocking these people is the day in your head. And it's always there and it was there when I could have bought Bitcoin in 2010 and the voice said, no, you lose all your money. And that voice is just louder in certain people at certain times. And if you don't have any information, all you have is your feelings. And as you go back to your feelings and your feelings say, you could lose all your money. Yeah. Back to the celebrity stuff. What I think is interesting is the celebrity spend a lot of time gaining celebrity status. And one of these pump and dump schemes could really destroy them because their fan base just get jilted about that. Because people feel like, wow, I'm going to buy his aliecoin or whatever it is. It goes down and gets crushed. Now celebrities need to go through the wrath of the followers that lost all their money on the, but on something that the actual, the celebrity wouldn't have any control over it anyway, because the market just decides to dump on them. And or the agent decided to dump on the market. And then the celebrity gets all the wrath from the fans who are now ex fans and start suing them. So yeah, I'll be interesting. The first like hardcore hate negative fan base that happened because, yeah, a coin that a celebrity released it really badly. And I think we're in a really unique time, Josh, where the traditional celebrities who've built up their influence through making movies, making albums year after year, putting in all this work, building a career, they thought they were going to be celebrities forever. And now they're seeing other people like the guy on hot ones and YouTube and Mr. Beast and all these kind of people coming up out of nowhere, not going through the same struggles, certainly going through different struggles. But I think there's a bunch of them and they're ready to cash in on this celebrity. So I think it's really a matter of who gets to them first, how much they promise them, how much they get in advance, whether or not the celebrity even gets a good deal on this, because we all saw with the Igui coin, they did a deal with some computer guy and he took 365K from them. So that could happen first to all these celebrities where they just get, you know, hosed by a bad programmer or a bad hacker or whatever it is. Or like you said, Josh, the agent, because many of these things they own 40 to 60% of their crypto. And if the agent decides, well, this is enough. We hit 192 million market cap and start selling, but then realizes that he can't sell fast enough that there's no, no liquidity to sell into it. And the more he sells, the less he gets. And this just collapses and happens so fast. He doesn't think it could happen this fast, but it does. And I think we're going to see a bunch of those. I'm going to see a bunch of classic celebrities ruining their fans. We've already seen politicians dunking their fans with NFTs, with coins, with meme coins, with donations, all these things. But it's that, again, it's that creative destruction where sadly we have to sit back here on our little Bitcoin hill and our lawn chairs and say, look what the kids are doing down there. What a mess it's going to be. But at the same time, knowing there's no way that we could overpower these celebrities' voices, especially for their fans. When their fans hear their voice and they say buy the coin, maybe they even do promises, they say you'll get exclusive access to something in the future, which they could deliver on. It's entirely possible. But I think it sounds different to a fan. And especially when you have some of these really kind of cult fan bases like this kickboxer or the politician or even a singer, I think if we go to the top of this, we're going to see what if Taylor Swift made a meme coin. Obviously, billions and billions of dollars. Huge rug possibilities. Could be a hacker. Could be an agent. Could be an insider. Could be Taylor herself was selling all the coins. But yeah, I think we're all going to have to go through this. And we're all going to have to see all of our celebrities and all of our fans. Everyone that we love destroyed as they touch crypto and it turns them into gold like Midas. But remember what Uncle Vitalik said, if you truly want to be rich, make your own coin. That's true. Moving on to the next issue issue five. We've talked about it before, but it's back again. Now in the New Yorker magazine, we're almost up to the Atlantic. All that's left is Atlantic and the New York Times. Half a billion in Bitcoin lost in the dump. And we've talked about this many times every few years on the show when the round number gets larger. The guy had two hard drives in his desk. The wrong hard drive was placed in the trash bag. The girlfriend took the trash bag to the dump. He's got a theory of where it is in the dump, but there's a privacy issue. If you start going through the dump looking for hard drives and you find someone else's hard drive, that's a huge privacy issue. There's a crushing issue where the hard drives likely been compacted by the earth and the weight of the garbage. And then there's just the good old. Can they even find the hard drive issue? But as we predicted the last time we talked about this and every time we talk about this, that the number, the amount of dollars in Bitcoin will keep going up. Therefore, larger and larger articles will have to be written about this. Last time we talked about it, the town council wouldn't give him access to the dump. As I've said, privacy issue. Imagine if you threw your hard drive away in the same time period as this guy, they're going to go find your hard drive. That's not what you want your town council to do. But I think last time he should have run for council. He should have run other people for council. He should have gotten a large, basically if he could get some like theoretically Calvin Air who backed Craig Wright and put him in a strong position. If they could back this guy, he could go ahead and buy the dump or have the council sell him the dump or vote to sell him the dump. Once he gets access to the dump, then it's a matter of sifting and digging for the trash. But it is all kind of absurd and reminds me a little bit of this great Douglas Copen book called Shampoo Planet where he talked about history world. And really it was just a dump. And he would trick people into digging in the dump and they could go down layers and history and find old things from the 70s and 50s and 60s and the real history. And you can get your hands dirty right there in the dump digging up the history. But Josh, you go, what do you think about the man who lost? Now it's half a billion. Next it'll be three quarters of a billion. It'll be a billion. We'll talk about this over and over again until he finds it or doesn't find it. What do you think about Mr. Hard Drive in the UK? It's a cruel fate for the guy. But we've all done things. Like crazy things. All the early bitcoins, my god, the amount of times I spent like 10 Bitcoin on a pizza or something or dumb stuff, just dumb things. So I think, oh wow. And I even got them on video like me celebrating, yeah, this pizza tastes so fantastic. Because I paid for it in Bitcoin. No, not in hindsight, it tasted horrible and it keeps tasting worse. So it is what it is. Shroding a Starship Shrodinger's destiny brings up a really good point in the chart there that, you know, I don't know how possible it is for this hard drive to survive anyway. And I agree there with with Shrodinger, but what these hard drives are so sabbable. Josh, it's funny. It's practically like that economic experiment that people talk about where they say, you take a bunch of money and you put it in a jar and you bury the jar. And then you pay someone to dig up the jar to get the money so on and so forth in a way, although it could be in the end fruitless and wasteful. Wouldn't it be fun to have a huge exhibition to find this hard drive for all the dozers and all the diggers and all the sifters and like you're saying, the computer experts and it would be like an archaeological dig through recent history. And they would be like, oh, we found a hard drive. It's like a party stop like an ancient artifact like, oh no, any comes with a duster and he dusts off the hard drives. It's a max store. It's a WD. Oh, what kind of hard drive? What year? Is it the right one? You know, and all this kind of stuff. But for something in Roman numerals, not for something buried for thousands of years, but just a few years. And at a certain point, I think it gets enough money that they have to do it. I do agree with Schrodinger's cat in the chat. Yeah, the hard drive is probably wrecked by now. Like let's be, the media loves covering it. And I don't want to deflate their bubbles. But from a tech perspective, yeah, it's going to be a rough, rough recovery. Yeah. And let's say they recover it and they're up very good ways of, of, of undesteroing a hard drive. Like these, you know, I was thinking about the key. The key is very small. If you got the whole hard drive, but there's only one sector that has the key on it or whatever, maybe that sector survives. I mean, it's a certain, any sectors would survive at a certain level of crush, right? Because we're talking about heat and crush and water, garbage, water, warping, any kind of it's been years now. I mean, yeah. Also, do we want this hard drive to survive? Like let's say this hard drive does survive. Now every other hard drive in that dump is fair game from a historical perspective. People have thrown it away. Maybe there's valuable data on there. Maybe it's worth purchasing more dumps and go for hard drives. Maybe that is the next mining thing. Maybe, you know, the miners run out of Bitcoin to mine, fresh Bitcoin. So they start mining rubbish dumps. They're up in how Finney's attic and they're digging through all this stuff. And they're like, this T-shirt is representative. There's a code. There's a code in this T-shirt leading to the coins. Yeah, no, it's just easier to make a meme coin. That's what it will be. That's the problem. No, but the real issue really is logistically how the heck do you even mine these things without crushing it on the way? So you send a bulldozer in with a feather duster on the end to slowly. I don't know. How do you get this? How do you even go through this without? I think it's a gold and a ring type operation. You have like a conveyor belt. You lift up chunks of dirt, put them on the conveyor belt, start sorting for metals. Yeah, rattling, shaking out, shaking out, and then a different kind of nets. And you make a hard drive-sized net. I don't know. I think a lot of us AI would have to be cameras and picking stuff out. I mean, he had a whole plant that lost article in the last happening. Well, and like you say, Josh, it's going to keep going. I think this is a young guy every four years. The happening will happen. They'll do another check on this guy. The money will still be there. It'll be worth more. It's almost, it reminds me of the Avatar movie, but they have to go to that other planet to get the magical metal. We just have to go right here to this dump. And we could do it. We could do it in magical wealth, incredible, everlasting wealth. It's either that, or it's the type of torture for the guy, you know, just to keep bringing it up, like, hey, by the way, now it's a bigger magazine wanting to talk about your loss and your like, can you, you know, how are those, how are those meds going? Anyway, dumps the coin off. And I love the name of these coins. That these guys, that BGZ moon guy, well done. Nice. Pretty good. dumps, too, cool. So meme coin to sponsor the digging for this. In general, I think he just needs to think about raising money against this with the belief that he would find it and just kind of ignore what happens if you don't find it and you raise all this money and lose all these people's money. Because the adventure, like Indiana Jones, like you need the adventure. And except for the garbage dump. Except it's a garbage dump. Well, a lot of the times Ghostbusters is in the sewer and Indies digging in places you wouldn't want to be in. So it's pretty, it's pretty right there. All right. I think we're heading towards the end of the show. This video is, this video I'm going to play as a three year old video, but it's amazing how true it was and how when I watched it, it instantly clicked with me. This is from Radical Living on YouTube. It's called the tragic struggle of telling your friends to buy Bitcoin. And what's great about this is he went ahead and predicted the future. Like I said, it's three years old, but it predicted what's going to happen to us right now. Let's watch just a little bit and you should check it out too. I Bitcoin, if you sell Bitcoin, you don't understand Bitcoin. Besides, I bought it at 50 cents. I'm still up 700,000%. Dude, buy some Bitcoin. It will never be this cheap again. Come on, man. You're still talking about Bitcoin? No one cares anymore. It's going to zero. It's dead, man. It's dead. Oh my God. Bitcoin is 50k today. Do you think it's still a good time to buy? Geez. It's like talking to a wall. Yes, it is. And it will be until the year 2140, when the last Bitcoin is mine. Okay. So you don't think it should wait for a dip. Considering the government printed five trillion dollars in the last six months alone, what do you think Bitcoin's going to make really you think so? But it went up so much in the last weeks. I'm going to wait for a drop. They're now by some. And that's isn't absolutely the way you tell them to buy over and over again. It finally hits 50k and then they're like, okay, when there's a dip, that's when I'll go. And then when a dip happens, they're like, it's over. Yeah, it's over. That's not a dip. That's a death death rattle. It's going all the way down. But yeah, just a great video and for him to call it that it would come right back. And that would be where we are today. Also found this other fun one on Twitter. I just want to share with you guys. I was going to get the end of the show here. A bit life crisis. This is from American HODL 8, a HODL on Twitter. Bit life crisis. The moment in your Bitcoin journey, when your stack stopped moving the needle, your net worth fluctuates more than your annual salary in a single day. Your fiat job loses all meaning. You lose the ability to self sensor things that upsets those around you, barely register for you. And you just stop giving a f entirely. So watch out for that bit life crisis. Maybe if we all hoddle long enough, we could get there. But Josh, a guy we're running out of time. Do you have a prediction or a story of the week? Go ahead. Oh, yeah, I got sad story. BTC Munga, I asked about my dog, my little puppy, if 30 weeks, if I came home the other day and, uh, and yeah, he was, he was gone. He was on the carpet and, uh, with his mouth open. And it was, uh, it was really hard for my little, uh, for your own, uh, to see that. And, uh, but, um, yeah, ashes are there. We're going to have a little funeral for the guy. He just, he just was born with a congenital heart problem and, uh, and, uh, yeah, I didn't think it would be that quickly. It was getting worse. He was just panting faster and faster all the time every day and, uh, yeah. The sad thing was that we were going to take him to the vet on that Monday, just to actually get a full scan and, you know, see start the process of what can be done if, if anything. Uh, but Monday was a public holiday and, uh, it was also the day, uh, the little guy decided to, uh, stop, uh, beating. So yeah, uh, that, that, that was sad, but I'm glad he's not suffering anymore because it, uh, you know, I've, uh, I've got also heart, uh, things going on, um, over my life and, uh, and it, it feels horrible when your heart does strange the rhythm is and things that it feels really horrible. And the guy, the little guy, the good times guy I like to call him, he was a good times guy, uh, but he, um, yeah, it was, it was just all over the place. It was beating out of his chest. Yeah, the little guy, anyway, resting piece, little dude and, uh, and, uh, yeah, uh, the breeder has offered his brother for us. I said it's a bit early, but, uh, yeah, I think, I think we might take him just to have his little brother there in the family. Oh, that's very, that's very sad, Josh. What was the dog's name? Wolf. Oh, good wolf. Well, he had the best time he could with you guys. And I know you did the best warm and he got to play with the kid and the other dog. And that's pretty good for a dog right there. We do the best we can for our animals and a lot, uh, you know, obviously, they don't live as long as humans. So this is going to happen to us anyway with all our animals. But, uh, it's very sad when it's so quick and so young. Yeah. Yeah, it is, it is. Uh, thanks, chat for your condolences. Yeah. Shout out to the chat. I'm sure we've all had similar things happen to us and we still love the dogs and cats and other animals that we have with us to this day. So, uh, thanks to everybody. If you made it to the end of the show, send us a wave or surfing emoji, join the WN surfing club. It's never too late to give us a thumbs up. We do seem to get more views when we get more thumbs up. I think we get about 30 or 40 thumbs up a week. Uh, so if you are giving a thumbs up, that's like one out of 40. That's one out of 50. That's a pretty large percentage there if you want to do that work. But, uh, we're just keeping the show going here in the summer. Uh, we had more people that were supposed to come, but they canceled. Uh, so we do the best we can. Thanks to Josh for getting up early here in Australia. Uh, so we could still do the show. It's much better. Oh, I have somebody to talk to. Otherwise I'm debating with myself and it doesn't quite make sense. No, it's better to masturbating. I mean, I mean, Matt, mess. Oh, geez. It's better to have other people around. No, that's, that's not it either. All right. Well, we're running out of time. Thanks to everybody joining us in the chat and leaving us a comment down below. Until next time. Bye.