The Bitcoin Group. The American Original. For over the last ten years, the sharpest Satoshi's, the best Bitcoin's, the hardest cryptocurrency talk. We'd like to welcome our panelists, Dan Eave, the crypto raptor. Happy Friday, folks. Victoria Jones from Satoshi's page. Hey, hey, everyone. Josh Shagalla from thestandard.io. Good day, gentlemen and ladies. And I'm Thomas Hunt from the World Crypto Network. Moving on to issue one. Issue one. Trump in talks to speak at Bitcoin Convention in July. Bitcoin media that owns all of the Bitcoin media and also owns the major Bitcoin conference has invited Trump to speak at their national Nashville convention. Trump previously spoke about Bitcoin at the libertarian convention, drastically altering his position than from when he was president, when he hated Bitcoin to now suddenly celebrating Bitcoin. And might I add, he would love your Bitcoin donations to his campaign. Yes, give him free money. Dan Eave, what do you think about the possibility of a major presidential candidate and former president speaking at the Nashville Bitcoin meeting or Bitcoin convention? Well, it's always good for a big name to be talking about Bitcoin. It is of course becoming starting to become politicized. And whether the Biden administration really jumps on that train and tries to pick up those Bitcoiners is yet to be seen. Obviously, they did release Julian Assange recently, but there's also kind of rumors as to why that actually happened. There's like, you know, the fact that the elections are coming up so they needed to have all of the dirty stuff before the elections to make sure nothing could be leaked. So there could be a darker element of why he was released now. We know it's ultimately good to have a big political side pushing Bitcoin. Just hope we don't have a, yeah, it becomes a war of Bitcoin versus no Bitcoin. And if you know, if sorry, if Biden wins, then you know Bitcoin, everyone forgets about Bitcoin for normal. Well, it's really sad in the 1980s and before there was a doctrine in the US of equal time, where if you had a Republican person on your television show, you would have a Democratic person on at an equal amount of time to provide a fair playing field. Of course, this would be very difficult to control in the large CNN cable media era. So this law was kind of let go and allowed to lapse. But I kind of wonder if we couldn't do something similar at a Bitcoin convention where if we do invite a major speaker like Trump, we also invite and maybe accept a lower person, someone else from the administration from the Biden administration to speak as well. I think that we do Bitcoin to disservice when we say that Bitcoin is for one political party or one political candidate. I think we limit our options and we make our future harder for us as Bitcoiners. When we do this kind of Bitcoin is Trump only or Bitcoin is right wing only. I really think Bitcoin's for everyone. I think you can see it from either side as a free marketer. You like Bitcoin or as a person who likes ground up money that can help people, something like Fediverse being an alternative to that. Victoria Jones, what do you think about the decision to invite Trump and perhaps no one else? Well, I mean, they may have tried to invite Biden, but I don't know, it was Biden clearly decided that he wants nothing to do with it. The trouble is the regulators haven't been particularly crypto friendly. The fact that you've got any politician that's starting to show some enthusiasm for Bitcoin is quite a rarity. Quite frankly, I don't trust any of the politicians with it. Also, ultimately Bitcoin is designed to disrupt the whole entire system, which makes most of them redundant anyway. I think we're just in a place in history where all of those old structures are in the process of dying. I think we're just watching a drama play out as the whole thing grinds to a halt. So I don't know, I mean, invite whoever shows an interest really, but I don't really understand all of the hype around Trump being enthusiastic about Bitcoin. I mean, the last time that he was elected, he was known to show off about the fact that he had crashed the price in 2017. Everyone seems to have very short memories about that or we've introduced new Bitcoiners who don't understand that history. And also the article you mentioned had a very interesting line, which was Trump talks about the future of crypto and the future of Bitcoin will be made in America. Interestingly, put the future of crypto first. Does that mean CBDCs? I mean, we're all very anxious about that and it could be that his future of crypto could be introducing CBDCs and his future Bitcoin could be banning it. You just don't know. That's a very ambiguous statement. So I don't know. I mean, there's still people are still conditioned to get excited about elections, but ultimately, I mean, I've just written a newsletter, my latest newsletter on my website is Bitcoin and politics, which is all about how Bitcoin ultimately disrupts politics. So if you want more of my opinion on that, you can go over there and have a look. So Tati's page.com. It does seem like a very good possibility that Trump is just pandering, just changing his opinions temporarily to try to get the money and support of the libertarians and the Bitcoiners and that as we've already seen what he does when he's in office, he did nothing for Bitcoin last time. It's quite possible he does nothing for Bitcoin this time as well if he is reelected. If you read David Bailey's Twitter page, you get a surprisingly different tone with his belief that Trump is all in on Bitcoin and agrees with all of us and will take action on the first day. I don't think we'll see that if we do see a second Trump administration. Josh, Shagall, what do you think about the idea of Trump speaking at a Bitcoin conference? I do agree with Dan. He's a major speaker, a major celebrity. This is kind of good for Bitcoin, even if you disagree with him. Yeah, I mean, I would have to say that at this point, Trump is probably the most famous person on earth. So it's kind of like it's a no-brainer if you can get him in to speak at your conference. Yeah, I mean, there's never Bitcoin isn't for politicians. It's not for governments. It's to disrupt like we've been here before where we have conferences full of regulators and lawyers and we're kind of right. The whole system is collapsing around us. We've got, you know, there's no point having two people from both sides because they're A, there shouldn't be just two sides. There should be multiple sides to politics instead. We have this sort of duopoly. I don't know. It's all just gross. Just leave Bitcoin alone. But I do think Victoria, you give Trump a little bit too much credit. I mean, the guy, when he first took office, didn't even use email. He's other people do that and he just sort of adds his questions. So I don't think he's the most technical savvy guy. Anyway, I don't think you would know the difference between crypto and Bitcoin. He just sort of, you know, heard use this term so not just anonymously around that concept. But maybe I'm wrong. I just, yeah. And then when it comes to the, to saying stuff, I don't think he needs the money. You know, people are sending him millions and millions and millions and more, more money than imaginable for any candidate. And the other thing that you brought up before the show, Thomas, was the fact that how are people allowed to send politicians a million dollars and just publicly say that's like, isn't that these, these, these finance caps and stuff like, where, how does that all work? I mean, yeah, surely democracy should be about sending, you know, that. The many send, you know, 20 bucks each or something like that. I don't know. I think the cap you mentioned was 2000. And, you know, obviously that's a lot of money for most people, most private citizens. Yeah, I don't know, politics and money. Inflation is so insane that we don't even blink at random sending a million bucks or too many bucks to candidates. Yeah, the standard cap was around 2000 dollars previously, but after the United States Supreme Court decision, citizens united, they basically said, and I disagree with this, that money is speech and that corporations are people and that they have all the rights of people. Therefore, they have the right to unlimited speech, which equals unlimited money. I don't know. Let me tell you about the, go ahead, Josh. Sorry, it also means regulators can get the fuck out of my face when I want to use my money. And then, you know, so it does, but it does create an unequal situation where some are born into families with more money or some earn more money and then they have more speech than you. Yeah. And the, the Winkovye donated a million dollars a piece, Jesse Powell from Kraken donated a million dollars. I don't know where they donated to specifically. It's possible they use these political action committees, which pretty much support a candidate and used to have more rules on them, but don't anymore. And it's quite possible they could donate a million directly to those, to those committees. As for the two party system in America, the way the money is doled out, especially from party registration, when you register for a party, that party gets, I don't know, $25, $40, something like that. If you add that up, that's a lot of people, a lot of money. We're basically locked into a two party system here because of the way the money is distributed. So there have been third parties. Sometimes they bring up an idea or a proposition and that goes through and gets adopted by the main parties, but we don't have a multi party system like the British Parliament or other parliamentary systems. We really do have a one or the other. And I want to bring up what Victoria said again as well that when Trump talks about Bitcoin being mined only in the US and all these libertarians and old, tiny bitcoins, all wave their flags and support, the little hairs on the back of my neck start to stand up. We don't want Bitcoin mining only in one country. That would lead to the possibility of them controlling the mines and then being able to say this address cannot receive Bitcoin transactions. They could censor the network. They could block transactions. We could see severe damage to Bitcoin's ability to send money everywhere, which right? We send it to causes. I agree with causes. I don't agree with either way. It acts as a neutral party. If we had 100% US mining, which I agree is very difficult, but it's what the candidate said, they could possibly change that. So I would be against that. Yeah, but the politicians just say shit like RFK just says we're going to put the entire US economy or budget onto blockchain, not a blockchain or the blockchain onto blockchain and I'm like, what? Which blockchain dude? There's not a blockchain that works like that yet. And if it is, it goes down for maintenance sometimes like Salana. As much as I like RFK, I actually enjoy listening to Trump. The guys, they just have no idea about this space and they should just leave it alone. And even if they wanted to have it all in America, they couldn't. They couldn't. But you can't. Sorry. You get enough there. Well, the profitability goes up. So somebody else will do it somewhere else. They can mine a lot. They can make. They can remove regulation. They can or give clarity for regulation. And that would allow miners to come in. But eventually someone will moan about the noise of the fans or something. I agree it would be unlikely, Josh, but there is a possibility out there where they could have a hard fork, create a USA Bitcoin, where all of the miners have to be in the USA Bitcoin group. And only let USA Bitcoin be accepted at all the places in the United States that now accept Bitcoin because of the support of the administration. And we could see a whole nother kind of nightmare where normal Bitcoin is secondary and USA Bitcoin is what people use. Yeah. Not likely not not being discussed, but certainly possible. Yeah. Certainly. All right. Let's move on to the exit question. Exit question. Rate the rumor. Will Trump appear at the Bitcoin convention? Yes or no? Dan Eve. I think yes. I think he's desperate on the campaign trail. So he's going to be everywhere. Victoria Jones. Yes or no? I suspect so. You know, if they can have the president of our Salvador, why not the president of America? The Bitcoin magazine conference seems to like to have a reputation of having a scoop every year. So why not Trump visiting? It would be a big scoop. Josh Shigala? Yes or no? Trump appears. Yeah, because it's almost impossible to get him post because then you have to start paying to get president's in. And right now, it would probably not be a cost because of him wanting to talk to as many people and be trying to attract as much publicity as possible. Well, I've heard the rumor many times and now it's being printed in major papers like Axios. So I will say yes. Trump appears at the Bitcoin convention. Moving on to issue two. Issue two. Julian Assange is freed. The Biden administration has freed Julian Assange after an agreement that he would plead guilty to some espionage charges. Assange has been in jail for WikiLeaks and organization we've discussed many times before. They started out as an open source intelligence agency with a goal of publishing the leaks that you send us. But by the end, they were timing the leaks to hurt political candidate Hillary Clinton and it became a bit unclear what their goals were. Julian Assange family is raising funds for him using Bitcoin. Previously, WikiLeaks was one of the first major organizations to accept Bitcoin leading to many positive and also negative stories about Bitcoin, but generally rising the Q rating of the currency. An anonymous donator of Bitcoin donated at least $753,000 of Bitcoin to allow Assange to take a private jet home and to hope pay for his various bills and such. Part of his plea deal, I believe he had to pay $520,000 to the US government, which is an incredible sum of money and no doubt left him well in the hole. We also wanted to remind you that back in March 8th of 2022, Coin Desk Road, this article about the Assange Dow saying that it quickly raised $56 million in Ethereum and split up. We do not know where the $56 million is if it was returned to the donators, but it certainly was not sent to Mr Assange. Victoria Jones, Assange is finally free. Many are celebrating. What do you think? Well, it sounds a bit conspiracy theory, but ever since they extracted whatever that mess was from the El Salvadorian embassy, I haven't believed that that was Julian Assange. Personally I think that he actually died in the embassy and whatever else is happening, ever since is just a complete public performance. That would be an unusual point of view, but every time I see him on the television, it doesn't look like him. His mannerisms aren't the same. It wasn't him giving a speech when he landed in Australia. It was his wife who married him three years after we stopped hearing from him inside the embassy. I think the whole, the reality of the situation, I think I don't believe it at all. However, the signal that apparently he's free should be a positive, positive blessing to humanity helps to convince us that maybe there is some justice and it's possible for the free press to win out and have an influence. I mean, there's no doubt about it. Whatever has happened to Julian Assange, I think the WikiLeaks emails certainly had a huge impact. I think he had a huge impact on the American election in 2016. He's clearly a very influential figure. If truth and justice is winning the day, then I'm all for that. So well done. Minor correction was the Ecuadorian embassy, not the El Salvadorian because El Salvador is our Bitcoin friend. Yes. The South American. Very much. The part of the story that I really enjoyed back in the day, and again, I don't know if this is true. There was a rumor that he got conjugal visits from Pamela Anderson. So still pretty good. Josh, Shagalla, what do you think? Assange is free. Everyone's happy? Yeah, I'm really happy to see it. But also, it sort of gives me this taste of disgust how the media goes, yay, and celebrates it. But also, like, pulls out these talking points, like, whoa, he was actually me, put people in danger and the same crap. And you're like, what kind of journalists are you guys? Everything's become PR. Everything's PR. When I worked in television, I worked in television for like 15 years and also in news graphics. There was a time when television actually spent a lot of money sending journalists out into war zones, into conflicts, doing undercover work. But this is very, very expensive. It's very expensive to do. It costs the network a lot. And nowadays, the amount of views that gets, you know, it's much cheaper. It's much, much cheaper. It's sticking a journalist into the political aisles and having them repeat stuff that the politicians say. And then everyone gets, oh, left, right, left. And that gets just as many views, if not more, because it's this drama, than somebody actually exposing something real. And with Julian actually exposing war crimes and then being put in prison. And then as soon as it gets released, you get all these, like, you get our prime minister coming out and taking your credit, well, I'm really glad I just had a call with Julian and we got him out. We got it. And you're like, you dig. You're such a disgusting piece of filth going and taking credit, political credit after so many years. Look at this guy. He's like, like Victoria said, he doesn't even look the same anymore. He's just this bloated old man now. You know, he went in as this young, sprightly guy that's wanting to change the world comes out just finished. And who knows what they did in prison, forcibly jabbing him with all sorts of nonsense during the scam demic as well. And 23 hours solitary confinement he spent as well a day. Yeah, 23 hours a day. Like just sick. The guy has been totally abused by the state apparatus. And yeah, I mean, I really hope that he manages to get some retribution from the state. But yeah, the whole thing is so unfortunate and sad. And the fact that the media still walk around with their heads all, you know, and people take them seriously is just demented. Yeah, it's unfortunate. And as for the, as for the sunch down, that just makes me really sad. It makes me really, really sad that so many people gave money in good faith and, yeah, well, what now? And this is why it's important to structure Dalles properly, doing that there are, you know, wallets that get affected directly by votes. And I know that snapshot has been working on that that you can actually have a wallet. And that wallet is only is triggered by a multi-seag triggered directly by voting and off-chain voting as well, I think. So there are solutions to this. But obviously people just hear the word Dow, they don't look at how it's structured, they don't look at anything about it. And then they pour 56 million bucks into it and then it just disappears. And they can't even pay for the jet home. Like what the heck? I mean, luckily, you know, some, some wealthy bit kind of paid it. But, yeah. Well, I do think part of the problem with the Assange out, Josh, was that if they had done a snapshot vote, if they'd done a token vote, presumably, and I don't know who these token holders are, say, you know, big group of Chinese profiteers, they would control the vote. They would be able to outvote the people that started the Assange Dow. So the people who started the Dow preferred to keep the power in the, you know, 10, 12 member of Kabul, whatever it was, rather than open it up to a wider group because they did not expect 56 million dollars in donations. And obviously, if they had, say, two to three million that they controlled and their opponent controlled 50 million or 20 million or 30 million, they could easily outvote them in any kind of, uh, 10 or 10. But they had money. It's their money. So maybe they should like that. Sorry, but that's the point of a Dow if someone's going to pour in that much money. Maybe they should have a say. Pretty, pretty reasonable to me. I would agree with that. And I also want to agree that solitary confinement is torture and that the United States and other countries shouldn't do it. And they should expand their rules for prisons and for other places. It's very horrible. What happened to Mr. Assange as far as what they're specifically mad at him. They're mad at him because he published the Afghanistan, the war secrets, but he also didn't retract anything in normal journalism. You retract the sources and methods so that the sources and methods won't get killed. We try to reduce the kind of impact of your story and Assange took a more information in information out approach, which led to probably the death of many people that worked with the United States government. Now whether you agree or disagree or whatever, it was standard journalistic past days to to redact that kind of information. There's also some questions about him interfering in some other democracies. Dan Eve Assange is now free. You can all celebrate, right? Yeah, I think it was, it was a whistleblower. And although I think they did say that in the, the judgment, he said that there was no direct death that he could attribute to the spreading of that information. So that was part of the reason why in his judgment, he didn't get a harsh assentence. So it wasn't like they, they, you know, the Afghan informants that he really specifically were targeted. So they were, there was big potential they were, they weren't actually, which was good in the end. But yeah, but another, another sign where way, you know, the whistleblower is losing out, like, you know, we've seen this recently with, with Boeing and the people getting, you know, their heads blown off in the car mid, mid court case, you know, it's crazy. And we're going on, in terms of whistleblowers, they should be giving a lot more protection. And ultimately, so yeah. Let's move on to the exit question. We've seen free Assange now. Will we see free Ross Ulbrich? Victoria Jones, will they free Ross Ulbrich? Five years, 10 years, 20 years, never? Yeah, I mean, Julian Assange is a bit more famous than Ross Ulbrich. So there may well be, there may well be more reason to free Julian Assange than there is Ross Ulbrich. So obviously, you know, I wish Ross Ulbrich all the best. But I'd be very surprised even to get this victory for Julian Assange seems to have taken quite a lot of input and a lot of time. So yeah, maybe a while before, you know, they actually tackle Ross in spite of Trump's promises, but Trump's promises have yet to be seen as valid. Trump did promise during his speech to the libertarian convention that he would free Ross, but likely someone told him that this is the number one thing that libertarian wants. So he went out there and said it, regardless of what it may actually meant. I doubt they told him, as I imagine, the other side would say, he's a major, drug dealing kingpin. And then Trump would say to himself, well, I'm not going to free a major drug dealing kingpin. What am I crazy? Josh Shagalla, will they free Ross five years, 10 years, 20 years? Never. Yeah, I mean, I have a done pretty good info that he was very, very close to releasing him the last time. And then it all came, you know, collapse. His old presidency came collapsing, collapsing down at the end there. And yet other things to think about that was talking to Lynn Olbrick, Ross's mother. And so she has her hopes up. And, you know, I really do hope they do. And he wasn't a drug kingpin. He wrote a website that allowed drug kingpins to operate and get actual feedback from the customer, which you, you know, you can't really do in a back alley because you just get shot. So I think it was a step forward in the right direction of trying to deal with illegal things. And, you know, the cops need to do their work and trying to stop things. And, and were way worse, black markets arose after that. Full of really despicable things. So the Silk Road was purely a self-harm, you know, if you wanted to buy drugs and or self-healing or there was all sorts of things that was sale there. And it was, it was kind of a showcase of what you could do. There's the sites now far, far, far bigger. And so it really didn't do anything. And the guys served his time. I'm sure he's not a threat to society's teaching prisoners how to do yoga. So I do think it's worth noting, Josh, like you said, that pardons come at the end of the term. So if Trump was to pardon Ulbert, it would be four years from now. If Biden was to do it, it would be at the end of his term. But that seems very unlikely. Dan, Eve, what do you think about the chances of freeing Ross Ulbert? Well, it'll be good if it's nice. But why do you think that Biden will be on yourself? Why do you think that bottom of your own life? Unfortunately, the drug kingpin argument, the murder argument, which again here on this show, we all know we don't believe in those. We believe it was an open market. And we believe he was entrapped into the murders. But just the kind of optics of freeing a major drug dealer, which is be very hard for any candidate to overcome. The idea that Trump almost overcame it is interesting, but he was a very unique kind of candidate. So it would have been more possible, I'd think, with him. But on the dem is more forgiving when it comes to kind of drug related sentences. I think there for maybe there for a giving of drug users, not of drug dealers. Right. Okay. Yeah. So mainly it was Chuck Schumer who was the big guy behind a democratic side on putting him in prisons. Hi. Okay. He probably isn't going to time round anytime soon. So I'm not sure. Yeah. It seems unlikely. So we'll continue to hold out hope for Ross Ulbert. But for now, we'll move on to the next issue. Check out worldcryptonetwork.com. We've got shorts, shorts, and more shorts, including Adam Meister, who did more for Bitcoin, Brian Armstrong or Andreas Antonopoulos, traumatic issue. Check it out at worldcryptonetwork.com. Issue three, Bitcoin minor profitability has plummeted since the havin'ing. We've discussed how the Bitcoin miners seem to be selling their Bitcoin more often, and now we're seeing facts saying that Bitcoin minor profitability is 5% from an all-time way low. And as CBS or CB Spears says on Twitter, can you guys please start inscribing shit-coining, sniping literally anything to help the Bitcoin miners? Josh Shagall, what do you think about the loss of profitability in Bitcoin mining? I mean, this is a part and parcel of mining, and it's priced in for the miners when they take on this venture. They look into the future, they calculate the risks. The risks are very well known and understood that if the price collapses, then you just need to huddle for longer and wait. And usually what it does is it causes almost like a spring effect where you get more and more pressure as the price goes down where more and more of these miners huddle. In the meantime, you've got more and more people actually good investors wanting to buy a cheap Bitcoin while it's cheap because they've seen it rebound before. And this compression allows for a massive explosion to the upside eventually. So I kind of feel like this is the Pimball machine. This is that spring pulling back the lever and letting go. And that ball's just going to go flying up towards the Pimball machine until it goes Bing, Bing, Bing, Bing, Bing, Bing all the way down again. So yeah, this is the start of the ball run. As mining starts to become unprofitable, that's a very good sign towards the upside coming very, very soon in this cycle. Well, I think we've said it before. It all depends on the plan for your mining company. If you have a six month plan, you might not make it. If you have a six year plan, you'll be fine. Over a long time, these numbers even out. And I do think that mining profitability will return as Josh said. Dan, what do you think about mining profitability? Will they just all stop mining Bitcoin? I think some would be priced out, but some that have cheap electricity will remain in right. And others that have actually hedged quite well that can keep going a bit of a loss at the current rates can keep stacking until they need to. But I don't think the impact of mine is on the market is such a, I don't know, I don't think it's such a huge issue anymore, because the impact of the amount that they're mining now is per day, is ministerial compared to what the amount traded is on the market. It's not like the old days where it went from 50 to 25 a block. And there was such a massive huge supply shock. And now you're talking about like an absolute ministerial amount on the amount of the circulating supply of like 19, 20 million or whatever. So yeah, so I think, yeah, it's not going to have such a huge effect, but the what is going to have a huge effect is the fact that there's the excitement of the bull run because everyone just knows it's coming. Victoria Jones, what about minor profitability? Will they stop? Well, I think what we're seeing is pretty typical for this point in Bitcoin's price cycle, so it's not that surprising. I think what could be quite shocking is I think we have had a bit of a. What can I say mimicked. Elevation of the price because of the ETFs, I think one of the later articles talks about the fact that Bitcoin has done extremely well this year, and it has because of all the. The hype around the ETFs and so it may well have created some false confidence in the miners up until this point. But as things start to turn a corner and the hype starts to. It starts to wane and then with other things coming up on the horizon, you know, things suddenly go further down than they are at the moment, then we could hear of some miners screaming in pain and possibly, you know, have a rebalancing of the market, which is fairly typical for this point in Bitcoin's price cycle, so yeah, watch out for that. All right, let's move on to the exit question, will the price of Bitcoin be higher this time next week? Josh, a call. Yeah, yes, slightly. Dan Eve, higher or lower. Yeah. And Victoria, higher or lower? Lava, just to be contrairing. And here we go. I think the magic eight ball is downstairs. We'll use this virtual magic eight ball. Will the price of Bitcoin be higher this time next week? And shaking and shaking. Ask again later. Ask again later. So much for that. Moving on to issue four. Why Bitcoin's Mount Gox Trillard triggered sell off is likely overdone. Hacked crypto exchange Mount Gox is preparing to return $9 billion to users, but that might not be a big deal. Many people have predicted that the Mount Gox return would crash the price of Bitcoin as the people getting their funds back would rush to sell their Bitcoin that has appreciated greatly over these last few years. Others disagree. Let's go to Dan Eve. Do you think that the Mount Gox sell off is a real scary event or something we'll just pass by? Well, they've had like 12 years of being jumped into the not to sell their Bitcoin. So maybe when they get their Bitcoin, they're just going to hardly and they're just going to follow that rule, right? So not all of these people are just going to grab their Bitcoin and just cash it in. They may they may cash in a little bit in order to kind of buy a pay off their house or, you know, do a few kind of frivolous spends. Ultimately, they're probably going to hold their Bitcoin because they know what's what's coming in the long run. Victoria Jones is the Mount Gox return of funds a major crisis for Bitcoin? Well, if it is, this isn't the first time that they've said that we're about to experience this huge crisis and sell off the Bitcoin. I mean, you know, this is the familiar story. It's not the first time that I've heard this one. It just seems like an opportunity to create extra fudge given that the price is going down. It's like how far? How low can we push it? You know, there seem to be people selling off their Bitcoin and the ETFs. So, you know, what else can we do to keep that momentum going? And it's just the perfect story to roll out again. I predict that China is going to be switching off their miners any week now just to keep it going. We love the China Bands Bitcoin story. We can't get enough of that. And Josh Tagalog, what do you think? Will the Mount Gox users who were talking about some of the earliest Bitcoiners ever once getting their funds back? They're probably getting USD versions or whatever. Will they just sell or will they buy more Bitcoin? Yeah. You know, I'm one of those people. Unfortunately, it's been one of the longest hotdle strategies ever. No, there has actually been research on this. Well, you know, unscientific polls. But most people said they would sell the BC H and keep the Bitcoin. I'm not sure if that is the case, but you know, I hope not. Everyone just hoddles everything. But let's see. We will see and we've certainly talked about it many times on this show. Previously, I think people were more afraid now. I think people have gotten used to the idea that the Mount Gox funds will be returned. Yeah, it'll be priced in. Moving on to issue five lawsuits. According to at AP underscore abacus on Twitter. There is a deliberate and concerted effort coin base. The SEC and the FDIC. They seek to unearth via freedom of information act request. The clear strategy of these industries to debank crypto, removing the banks from the businesses like coin base. A pattern of multi agency effort to deny banking access to the crypto industry. And they hope to find hard evidence of choke point 2.0 tactics. Choke point 1.0 was used against back page and Craigslist and sex workers. Things that the government did not like. They believe there is a 2.0 being used against crypto. And another lawsuit announced just today also from at AP underscore abacus on Twitter. Update SEC sues consensus claiming that it's metamask product is an unregistered securities broker. SEC under gensler won't slow down to through the election predicted by AP abacus crypto lawyers expect additional industry actions. And there's zero accountability for regulatory bodies so they can do whatever they want. Even claiming metamask, which is how most people traded NFTs and Ethereum is a securities broker. Let's go to Victoria Jones. What do you think about these lawsuits coin base suing the government and the government suing the creators of metamask? I think lawyers are going to be in jobs for a long time. Yeah, I mean, how ridiculous. You know, it's the whole system is imploding really. I think someone wrote in the chat earlier, you know, how long before how long before Bitcoin disrupts the whole lot and you know, there's no telling exactly how long it's going to take. But yeah, we're on the way there in the meantime, you know, the lawyers are going to be doing some great fiat mining and good luck to them. Let's go to Josh. You go. What do you think about the latest lawsuits for and against the government? Oh, look, you know, we have the SEC doing this to like metamask is really similar to I don't know the government going after people creating websites because they don't have the right television licenses or something. It's just ridiculous. It's it's typical governments trying to try to make themselves useful when really they are the enforcement arm of the private banking sector and the legacy banking sector. They always have been these, this is why I always throw up in my mouth when I see these these crypto conferences, Bitcoin conferences, being so happy that some new regulator is coming to speak and they're the headline speaker at this, you know, I just think, ah, whatever, like I, I love crypto as that code is law. It's an important part of it. Yeah, yeah, you could argue that it's not. But I could also argue that look, we have a, have you ever tried to sue someone in transnational it's almost impossible and and it takes so long. I mean, you know, Mt. Gox has been going on for years and years and years on chain. Is the way trustlessness is the way smart contracts are the way to do things you can read it beforehand. If you don't like the terms of the contract. You can you can not go in and if there is a hack on that contract, well, it's very similar to, hey, this contract wasn't watertight. My lawyer read it. But now some other lawyers figured out a little loophole. You should have worded it like this. It's very, very similar. And I think the SEC is trying to basically just make itself useful or relevant, I should say. And it's not relevant anymore. It's, it might be relevant for certain things like centralized exchanges, but even there they they've shown that they are totally inept. I mean, look at what the FTX FTX was totally regulated for anyone that says, oh, we do more regulation. They were highly regulated and totally just were let through were let to collapse. So, yeah, this is just demented that they're going after like wallets now. Let's go to 10. Eve, what do you think about the coin base case to the US government conspire against crypto? Definitely seems they're taking a swing at crypto more than more than other areas. And there is some sort of, I don't know if it's backhand is going on, but there's a lot of things that are going on. There's definitely a lot of patterns happening with those funny means of Gensler and Liz before and you know, you know, it's like saying like, you know, if you if you see coin base again, I'll do that thing in, you know, that you really like something. But yeah, it's it's just really sad to see that growing what should be a growing forest industry is just getting sued day, you know, day after day in a different area. It's good to see the consensus are actually fighting back and these other companies are actually fighting back. We just need more of these wins, win cases, racking up so that the SEC has more or there's more evidence for the SEC overreach and the fact that they really are just, you know, not really out to help people, they're just out to sue people. That's that's it. I think it will be an interesting case I'm more interested in the coin base case than the Metamask case. I agree with everyone else. I don't think Metamask is a securities transmitter. I don't think they ever advertised as that or ever had anything like that. But the coin base case with the potential SEC overreach and the dislike of the crypto industry shutting down their bank accounts. It's very possible we see some very juicy emails or maybe even juicy memos about the goals of those departments to try to reduce the power of Bitcoin by shutting down these banks they were using, especially Silicon Valley bank, which was used by coin base and other startups and shut down unfortunately by the government. But we're running out of time. So let's move on to predictions or story of the week. Dan Eave, are you ready with a prediction or a story of the week? A prediction or a sort of now I've got nothing. I've got nothing. My prediction is that the SEC will sue someone for something else next week. It's never too late. They have a lot of lawyers. Victoria Jones prediction or a story of the week. Go ahead. Well, the story of the week since I was last on I published another newsletter as I mentioned earlier Bitcoin and politics for those who are new to Bitcoin and don't understand how Bitcoin actually disrupts politics and makes all of this nonsense completely redundant then you might want to actually have a look at that newsletter. So that's on my website, Satoshi's page.com and it's called Bitcoin and politics and also I will be joining Dan and Thomas hopefully at me look a blockchain days in a couple of weeks. So we're looking forward to that. Yeah, all books. I'll book to you now. Definitely looking forward to that. Josh Tagalog prediction or a story of the week. Go ahead. Yeah, so the breeder for my black German ship had felt shocking and gave us his brother. So now we've got we've got the brother of the poor puppy that passed away and and yeah, healthy little guy running up and down. So two dollars now. We got two. Yeah. Great. It's lots of fun, but it's keeping me up at night taking them out in the middle of the rain freezing cold and like, Joe, go to the toilet. Come on. Go. And eventually they do. And then you crawl back into bed. So yeah, that's the story of the week for me, but also, yeah, I'm going to look and looking forward to Victoria Jones is next post. It is fun. Josh when you have two dogs and they can play with each other and keep each other company, but then there's a whole nother problem where they won't stop playing with each other and they won't stop running across the room. Yeah, telling you, or if one has one thing and you give them both the thing and they're like, no, I want what these are. Okay, but no, yeah, it's just a constant. Yeah, yeah, even if you give them the exact same toy, they'll still find it. It's better than the other one. I want that one. But it's definitely a challenge. It is great to have dogs and pets that's always fun. As Victoria said, my story is all about Mallorca blockchain days in Palma, Mallorca, Spain. And you can check out their webpage at Mallorca blockchain days.com. They've got a list of the speakers, Thomas from Electrum Wallet. He's very good. Of course, Ben Arck from here on the World Crypto Network talking about LN bits. Christian, the organizer of the conference will be there. Vlad from Bitcoin takeover magazine, Christian roots, all raspberry blitz, Peter Todd. A lot of great speakers are going to be there. Victoria Jones right here on this show. And they also have a great agenda there. As you can see, everyone on the boat trip. If you ship in some funds, you get to go on the boat trip. It's really cool. Here's a little bit of the boat trip video from Mallorca blockchain days on the third day on the Sunday. We all go out on this catamaran. You kind of have to buy the expensive ticket. But if you buy the expensive ticket, just imagine most of your money is going to the rental of this boat, which takes us out on the water. There's Victoria. We have some food. We go swimming. And then we go back to the conference in to Mallorca. So check out Mallorca blockchain days at their website. There's still tickets available only a few. So there's only eight tickets. So if there's about 20 to 50 people watching this, only eight of you could go. But I accept this. I recommend the experience pass. So you get to go on the fun boat trip with everyone. It's really. It's really cool conference to get to hang out with all the speakers. Nobody's hiding in like a VIP area. If there's some question you have that to ask Peter Todd, you'll probably get to answer it. You'll probably get an answer. And that kind of thing. It's also at a great hotel that's just a really nice place. We spend most of the conference in the pool in the sun, which might be great if you don't have sun in your country right now. So if you're nearby, Mallorca in the European area, think about going to Mallorca blockchain days and we'll be there in just 12 days. So very exciting stuff. Thanks to Chris and everyone else who works so hard to run the conference for letting us hang out there. And it is some of these conferences are big giant conferences with tons of attendees and some are small and they really need you to attend. And this is one of the small ones. So I hope you guys will check out Mallorca blockchain days at Mallorca blockchain days dot com. And that's about it for this show. So until next time. Bye.