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, Ben Arck from Ellen Bitt. Hello all, Shemaay. Victoria Jones from Satoshi's page. Good evening everybody. And I'm Thomas Hunt from the World Crypto Network. Moving on to issue one, the price of Bitcoin. Seems to be up. The price of Bitcoin is up 2.86% in the last 24 hours. With a last of 104, 410, a high of 105, 400, and a low of 105, 20. That's $1 for 958 Satoshi's, just on the other side of the 1000 Satoshi barrier. Bitcoin hits block height, 900,000, that's a big round number. It means nothing. Issue one, Bitcoin eyes decline below 100,000, admit profit taking and the Trump Musk class. Bitcoin's design has been, decline has been sustained by long term holders taking profit, which hit $1.47 billion per day last week, coincidentally just after the Bitcoin conference. Meanwhile, on Twitter, President Trump and Elon Musk are fighting over the one big, beautiful bill, and it might not make it through the Congress. According to this article on FX Street, Bitcoin could crash to $92,500 if it fails to recover the 103 support level. What do you think about Elon Musk versus Donald Trump? These two billionaires fighting before our eyes in real time. I was too busy to watch it unfortunately, but my friend Mike called me up breathless. He was like, I can't believe what's happening. They're fighting on Twitter. I think a lot of people, myself included, saw this coming. These two giant egos in one room. But to see it go from last week, he's in the Oval Office. Trump's giving him the key to, I don't know what. They say Trump is designed a key to the White House. It's his own thing. He's gave it to him. But everything was fine. He's going to retire. It's going to be great. And now, like a month or later, they're fighting to the death on Twitter. What do you think, Ben? I think Elon Musk is going to do some blame shifting to kind of rationalize the decline of his companies. And one of the best ways to do that is villainize Trump. I might know it, obviously. I don't like Trump. But from Elon's own perspective, he's devalorized him. And also just to push some distance between him and Trump. So I think there is a lot of incentives at play. He's clearly desperately trying to save Tesla. When it comes to the Bitcoin price, the interesting thing is that they're both Bitcoiners. So they're fighting on this world stage, and they both seem to be Bitcoiners. And in fact, more and more people seem to become Bitcoiners on the world stage. And we've just had over the past month, I would say, some very positive news cycle for Bitcoin. So lots of people are talking about Bitcoin. It's all in a positive way. Even if they're critical of the people who are talking about Bitcoin. So even the coverage of the Bitcoin conference, for example, by kind of lefty new sources, because it was within the main stream news cycle, they had experts, their own journalists on who were talking about the conference. And they're still talking about Bitcoin in a favorable way, though, just saying. And they were making a separation as well between the Trump and the White House administration as it stands now, and then also Bitcoin and Bitcoin's actual value proposition. And I think historically, in Bitcoin, we've always had this thing of an impression and lack of end. So you have a new cycle where they talk about Bitcoin lots in a fairly positive way, just not in a negative way, that is forward-driven or whatever. And then there's like a lag, because you have all these impressions, which have happening to people by Osmosis. And then in a month's time, the retailer sits down the general no-coiner to become a Bitcoiner, sits down the sides to Google Bitcoin, and then learn about it, and they end up joining the Bitcoin community and becoming a coiner. So it's like, that's very bullish. As well as that, you have Bitcoin exchanges are all all time low now for their Bitcoin reserves. So it's just basic supply and demand. So you have another compounding factor is you have all these strategy type companies. So there is this huge glitch when you have Bitcoin and Bitcoin money existing in the same world, in the same universe. In the currency, it tends to go down with the value, because it's inflation, and then Bitcoin tends to go up. So you have this strategy-tight glitch, the micro-strategy-type glitch where you can just have this infinite value creating machine where you just low in the asset, sorry, you just sell stock and then buy more Bitcoin and then increase the asset value of your company. And there's all these strategy clones, which are coming on board all over the world, like dozens of these things, and they're all doing the same thing. So you've got these huge BMS strategy-type corporations hovering up these big treasury institutions, just hovering up all this Bitcoin. You've got the lowest, the all-time lowest Bitcoin reserve on exchanges, and then soon you're going to have a massive increased retail adoption for more of these positive impressions. Like, I'm bullish as far as we're at the launch pad. You might as well be at a dollar Bitcoin and the sky's the limit. Because yeah, I'm very, very, very bullish. When you look at all the things which are happening at the same time and just the lack of people talking about, you know, Bitcoin's being a sold-time high and sort of maintaining it and not dropping, I think we're undervalued and we're going to go up a lot. And this is where we hit that 240K. I'm obviously not inverse, I'm inverse, whatever. But yeah, it's interesting to see that these two egos who are becoming separate, but they both happen to be massive Bitcoin. I'm sure we probably covered it last week in the show, but Elon Musk was talking about the new direct messaging feature in Twitter, which he's going to build. And it has Bitcoin-like cryptography or something. And yeah, it's just, yeah, there's a lot of good Bitcoin. There's just a lot of people talking about Bitcoin in the new cycle, and that's very positive. We didn't talk about that Bitcoin cryptography or encrypted message in Twitter. That sounds like a good feature. But I do think, Bennett, it's the ultimate tragedy that retail is not buying now. This, like everyone's saying, no one's using Bitcoin, no one's buying Bitcoin. People like Michael Saylor, etc., are buying up tons of it to just hold onto it and do nothing with. And retail is silent. I think, oh, let me tell you Thomas. So actually, I was very much, I hate that Michael Saylor ideology of Bitcoin just being a store of value. The reason it has values is because people built this apolitical, digitally native currency, which didn't have trusted third parties, and you didn't have to sacrifice your privacy to use. And that's why it had value because there's now this new money on the internet. And then that has a bunch of people getting involved in it, which makes the price go up, and that's why it has value. So within it's thread, it always has to have Bitcoin as four payments. But what has happened with the, the, the, the Saylor ideologies, all these companies, like the staking shake and all these retail companies and that, and now with the more friendly regulatory environment, one of the best ways for them to accumulate Bitcoin on their balance, sheet just as an asset, is to offer their products and services for Bitcoin payments. It's a bit like dollar cost averaging in Bitcoin. OK, you can't convince your shareholders to go out and buy a big fast stack of Bitcoin to put on your asset balance. But you can just suddenly accept Bitcoin payments and then just have some Bitcoin dribbling and dribbling in and maybe it's a very fractional percent of your asset value of your company. But over time, that will grow. So there's actually, there's an incentive for retailers like big corporations and companies to start accepting Bitcoin payments. Having a Bitcoin treasury is the in thing. So like invoked the moment that I think a lot of retail adoption will happen off the back of the Saylor ideologies. So some good came from that at all. I don't think that we know that shaken stake is going to hold their Bitcoin. I think it's going to be the same thing as the United States where maybe they're collecting the coins and the change of the Bitcoin the same way that the United States is allegedly going to claim all of the stolen property and then say that it suddenly belongs to the I don't know United States investment and Bitcoin division. But I do think that these companies are not promoting Bitcoin. They're just promoting holding Bitcoin. There's just the financial tools. So like this, this, this, the very fact that I think it's GameStop, isn't it? Like buying a whole bunch of Bitcoin as well. Like the, the very fact you can have this thing on your as an asset. You can have this thing on your, which adds value to your company. And then it just generally goes up in value. And then your equity, your shares are worth, if you're a public company, are then worth more money. So your share price goes up and that makes everything that you have more. Like the monkey's power. If you touch it, I think the winners will be like you say, Saylor, GameStop, these companies are going all in, putting tons of money in, really establishing reserve. If stake in shake is collecting the change, if the United States government is collecting only the stolen property, only the things left behind in the lost and found room, we're not going to have a large treasury. And we're going to look at it later and be all bummed about it. But that's, I mean, that's, that's, that's the, that's the, the guy that's, the big stacks, you know, Yeah, but that's the traditional, that's the, you could say that about traditional, just retail investors. Like if they don't invest all their money and everything they have into Bitcoin, then they're not going to benefit from it. Like it is bad to have so much. I'm not saying. Saylor was saying last week, Ben, even though I know you don't like him, he made it heck of a speech. And he almost had me go on there because if I look a minute, I forgot that, you know, I'm not crazy well off like Saylor, I haven't already, you know, spent all of my money on yachts and boats and whatever. But he was like, not only should you invest everything you have and put all your money into Bitcoin, you should probably create a company where you then, I don't know dot, dot, dot, other people invest for smaller amounts of return and then use that money to buy more Bitcoin and use that to get more investors to buy more Bitcoin. He basically said we should all be Saylor's, which was pretty smart. He also promoted asking AI everything. But what do you think? It's it's it's it's it's it's it's um if you play it through that you have this asset which just goes up in value so much and has such backing as well and all these big financial institutes, then people are going to start selling houses and then buying Bitcoin because they'll be like well. That that old thing of, you know, if you sell some Bitcoin you feel bad because three years later it's worth 10X or 100X what it was worth. That people will start thinking about that in like a we didn't I didn't buy Bitcoin, but why did I buy this? Why didn't I buy that? Um and that white, you know, I've got this house and if I'd sold a year ago and bought Bitcoin, I would triple money. So yeah, that that I don't know where I day what this sort of impact this will have. And that's what Saylor's promoting is he's like you should basically mortgage your house. You should mortgage your everything. You should mortgage your business. You should create a trust and then put everything in there and then mortgage it and trust it and deed it and get more Bitcoin. And I like it, but I also feel like the one point where Bitcoin does it, where people lose the faith in it, something blah blah blah happens dot dot dot quantum computing could be anything, whatever boogie man you want to put in there used to be regulation. Uh, it could drop suddenly and for a Saylor who even though he goes out there and says he's not diversified, one should assume he still owns his own home. If he wants to get on TV and say I'm Michael Saylor, I mortgage my own home. Tom, look at this. Which I'd be great. And I'd say way to go champion and if he didn't have a dozen other homes or whatever. Um, but you know this, this idea that he's out there and you want to get your home on the mortgage when you only have the one home, you only have half the mortgage or whatever. Uh, but we need to get Victoria here because it reminds me of the South Sea bubble. Are they telling us to over invest in the top Victoria? These, these maniacs who have come in the door recently and I just seem to have their hair on fire. Uh, and they're obviously, you know, well off already. So we should just listen to them, right? Yeah, I, I think it's, I think it's a shame for the retail market really because with a lot of these companies investing in Bitcoin, yes, it's making the price go up. But the point at which people really need it is when the financial system collapses, which we're all predicting. Um, and of course by that stage, because the Bitcoin price has been so high for so long, you know, all the people who are finding out about it now, even if they invest a little bit, the little bit that they own will drop in value along with the financial system. Short term, they've only been able to acquire it when it was very expensive. You know, I mean, a big, a big criticism of Bitcoin when it first came out was that it was a Ponzi scheme. And actually, it wasn't a Ponzi, you know, Bitcoin in its pure, its duration is not a Ponzi scheme, but all of these companies investing in Bitcoin are making it a Ponzi scheme. And, um, and it is, it, it's, it's not good. Um, you know, this, this was, this is what caused the, um, the roaring 20s and the Great Depression in 1929. You know, it was all of these people, you know, the, the stock market, the monetary system was changing because of the first World War, which had caught, caught was a number of distortions in the financial system. Um, and, you know, this is what led to the roaring 20s in the, in America, in the beginning of the 20s, but by 1929, um, after everyone had got into this routine of buying shares and getting loans from the bank to buy more shares, you know, the point at which someone decides to sell or that they're not going to buy anymore is the point at which the whole thing collapses. And going back to the Bitcoin price, which is, you know, the story that you started with, you know, in that article, it said that long term hold is a Bitcoin, you know, they were, they were, um, taking profits at the rate of 1.47 billion per day last week. Um, so, you know, there's a mantra in the financial system that you sell in May and go away, because the financial markets get really quiet over the summer. And, you know, now that you've got all of these financial experts using Bitcoin as a financial instrument, you know, it could well be that, you know, we've recently seen the peak. I mean, typically the Bitcoin price tends to top about 18 months after the last halving. And of course, we're about 15 months after the last halving now. So we're kind of around the time that the price of Bitcoin normally tops out. And of course, you've got all these financial experts now who can manage the price, who will invest, and they're taking their profits for the summer. And so this could actually, that could have been the high. It could have been. Um, I'm hoping that, you know, it goes up a little bit further. But, you know, we're living in a different system situation now, you know, the price took off early this time. And it could be that, you know, we've peaked early as well. So, yeah, I don't think it's, you know, given what Bitcoin was originally designed for, I think the situation at the moment is actually quite disappointing. It's great for the people who invested early who want to make money from it. But in terms of what Bitcoin is actually designed to do, I think for the average person, you know, I'm not surprised a lot of them are sitting on the sidelines. If I hadn't learned about Bitcoin at this point, I'd be interested, but I wouldn't be investing right now. You know, typically it's when it's starting to be talked about in the news media that that's just before the price is likely to crash. Um, so yeah, sorry to be a downer, but I think it's also important to be realistic. It's a great asset, but really understand what it is that you're dealing with. I'm not, I'm not, I'm not feeling hype. I like it still feels like a rumor to me, even though everyone saw about Bitcoin and even though we're all time high and there was only Bitcoin on the exchanges, it doesn't feel hypey. That's what's weird. Like it should feel hypey. It's hypey with the corporations. Like it, it's Michael sailors hypey. That's true. He's hypey. It's just like, there's no one else left to say anything because it's Michael sailors saying it all so we'll just listen to him. Maybe yeah, the retail isn't hypey. That's a good, very good point. Yeah, good point. I think that we're generating artificial hype now. In the old days, we actually used to have real hype and you would feel it because you'd feel it. It'd be viral because it's viral. But now we do have money. We do have advertising. We have this ridiculous conference that I attended that was full of marketing and pointlessness. And I think that's ringing true, Ben. I think you're seeing the hollowness. And I also think like Victoria was saying that we're in a position where I like Jack Mollers and I like Strike and he's out there saying, we're not re-hypothicating our Bitcoin. And unlike sailor, he's providing a link to their account. You can go look at the Bitcoin. But as sailor said, we really don't know what's going on inside their company structure. And not that there's anything wrong with Strike, but maybe something with strategy or Y or Z or X or one of these other companies could be wrong. And the Bitcoin they have on the ballot sheets isn't there. Or they they loaned it out like Victoria is saying. And we've re-created the exact problem that Satoshi was trying to solve where you could hold your own assets and you could prove that you hold them and you wouldn't have them in some bank where they don't really hold them but they lend them out dot dot dot so on. So we would have re-created the exact problem. Dominic Frisby said earlier this week that Microsoft's strategies, that's the new wave of shit coins, is the Microsoft's strategies and arguably to your point. Yeah. Well, and smarter people than us, Ben, are doing some kind of stock market magic where they buy micro and sell Bitcoin or they sell Bitcoin and buy micro or they've they've ledged them together and they're able to now make percentages. And I worry also about what Victoria said about all the smart people selling in May and then just dumping on us and then having a bad summer. Let's have a good summer. I want to see it go up some more. But anymore on the Elon versus Trump thing, I do think that's what's depressing the market right now as well as the post conference dump where everyone goes to the conference. They all get fired up. They all go home, set up their wallets, put all of their money into Bitcoin, all their investment money investing wisely, of course, with their own due diligence blah blah blah. And then the price always goes down, right Ben? The bigger the conference, the bigger the fall, this conference 115, $10,000 Bitcoin when it starts 104, 103 now, how about that? I don't I mean, I again, I haven't seen the dump. I don't it doesn't this isn't the thing. It's not a typical Bitcoin post Bitcoin conference dump. Honestly, for me, we're at the launch pad. It's it's everyone's like, wow, Bitcoin's a dollar. Isn't it amazing? It's worth a dollar. It's a bit ridiculous. It must crash. It can never be worth more than a dollar. That's what I feel like it feels like nothing. I wore off a ducks back. It feels like the beginning of something. Yeah, I think we're in kind of the the flipping. There's going to be the there's going to be this feedback loop this this what's it called? The old brain. But there's going to be this this this feedback loop, this snowball, which which causes a lot of companies and corporations just to have Bitcoin trasharies to accumulate Bitcoin, stop producing stuff, people mortgage the houses. Maybe the AI produces all the things and we get Star Trek, fabricate or whatever they're called and we don't need companies anymore to build stuff for us. And it feels like a flipping. It feels like everything's changing. And I think Bitcoin is a little in Japan. And it's it's funny because it's like a self-fulfilling prophecy. We're like, we build this thing for the next crisis. But ultimately this thing could potentially cause the next crisis. Isn't that always the way? And it would be quite a thing benefit started going up, you know, a thousand dollars a day, ten thousand dollars a day, hundred thousand dollars a day. Remember, we are still in price discovery. And the world has never switched to a digital asset that no one controls before. It's never happened. So we all try to look it up in the history books and the media looks up and they're like, what do we do last time? Was it 10% 20%? No one knows. This is the very fact it can shift still. So in such a volatile way means that it has potential to to double triple sky's limit. And the retail won't be there. They think it's a scam. They're tired of hearing about it. It went up and it went down. Their attention spans really short. You tell them this. You tell them that. They say, oh, my buddy was into that. My cousin, he made so much money but not me, not me. So they sit on the sidelines. They get nothing. You get nothing on the sidelines. But here we have the truth, the source of all truth, the magic eight ball, the predictor of predictors. Ben Ark, will the price of Bitcoin be higher or lower this time next week? I mean, yeah, obviously not investment of ice, but I think we're radically higher. We're in the beginning of a parking stick the moment. Victoria Jones, we finally have people who disagree. Tell Ben that it will be lower. Yeah, just to be contrarian, I'll say lower. Lower the negative hockey stick, whatever hockey stick looks like going down, the scratch of the bear's paw, not the upward trend of the bull's horn. A floppy penis. What about the eight ball? What about the real truth, the predictor? Will the price of Bitcoin be higher this time next week? Don't count on it. Don't count on it says the pessimistic ball. Moving on to issue two, which we kind of talked about already, but we'll talk about again. Michael Sailor's strategy ups its Bitcoin bet with a $1 billion stock offering. Sailor strategy is quadrupled. It's previously announced $250 million stock offering as a new funding avenue for its Bitcoin investments. Meanwhile, Japan's strategy, meta-planet, who is handing out right orange safety hats at the conference, orange is done, boys, is going to try to buy 91,000 Bitcoin in the next 18 months, adding another billion dollars to their already billion dollars holding of Bitcoin. And Donald Trump's true social officially files for a Bitcoin ETF as the company deepens its crypto push. This is on the backs of previously announcing a Bitcoin treasury, unclear whether they're going to buy the treasury themselves or have you, the fans invest in the treasury. Victoria Jones, we talked about it a little bit already, but pretty much talk about it every week. It's the goose that keeps laying gold and eggs. It's the pirate at 40 strategy. We're all too dumb to have thought of it. Michael Sailor is a genius. We're all idiots. We should just buy Bitcoin, make companies and buy Bitcoin and never ever make anything ever, ever again. And the entire world just goes infinite just into Bitcoin and everyone has to spend all the time reading that book so they can figure out what I'm talking about. Yeah, it sounds great and it works really well until it doesn't. And like I say, this was the story of the 1920s. Go back and read your history books and watch what happened then. It's almost exactly the same thing. Michael Sailor's turning Bitcoin into the Ponzi scheme that everyone accused it of being originally when it wasn't. And now ultimately it is, you know, buying anything, yeah, buying an incorruptible asset with leverage. I mean, I've said this before, but it's like an immovable object meets an immovable force meets an immovable object. And that's what you've got with Bitcoin and the existing financial system. And at some point, you know, Bitcoin is slightly more immovable than the, than the existing financial system is irresistible. And so Bitcoin will eventually win, but it's going to be a hell of a, it's going to be a hell of a fight. And of course, as the financial system goes down, all of these companies are vulnerable. You know, most people don't understand that our existing governments rely on the way in which the financial system is currently structured. And so the thing is when the financial system breaks, you've got governments that are going to break and it's government that governs the rules that surround these corporations. And so if government breaks, the, you know, there's no one to uphold the rules of these corporations. And so all of these corporations are holding your Bitcoin supposedly in an ETF, which is a government sanctions document. But if the government doesn't exist anymore, how are you going to be able to claim whatever profit these companies are making? And of course, they're selling shares to say that, you know, they're, what they're doing is honorable. But if there's no one around to enforce it, it's a free throw. And okay, there will be some people who want to protect their reputation and will still do the decent thing. But in the short term, and again, you know, if you go back in history and look at the South Sea bubble, this is exactly what happened. You know, if you want to know why the French went into revolution, whereas the British escaped, it's because the British managed the collapse of the South Sea bubble much better than France did. And ultimately, it was about saving face and, you know, politics, I think the prime minister at the time, he basically confiscated the assets of the people who ran the South Sea bubble and then redistributed it to people who were the victims. And that did a lot in order to, you know, rectify the situation, whereas France was a complete basket case. It was a huge contrast. And it affected their currencies, you know, ongoing. That history is the foundation of our, of how money has worked in the past. And all of it was based on the way in which governments operated. Our existing financial system is intimately tied to the way government works. When the financial system breaks, which government, which Bitcoin is destined to do, it will break government as well, which will break these corporations. And so this is what we're looking at. So all of these people who were getting excited about Bitcoin being on company balance sheet, I mean, you have no idea the setup that this is going to break. The best way to hold your Bitcoin is in your own wallet, in your own possession. And unfortunately, with these companies getting involved, it's making it out of the reach of a lot of the general population. And that's quite worrying, I think. You know, I think a lot of people should pay attention to what's happening. And there will come a better time to invest. But I think now it might be a mistake right now. It does seem like there's a disconnect between investors and the reality of Bitcoin. They need to be seeking it out, learning about it, holding their own coins, figuring out a good solution. Instead, they're just being lazy. They hear strategies holding. They hear meta planets holding, depending on their country. They invest in the largest poll out there. And this way they can use, like we've said before, all of their stock market tools. They can use the longs and the leveraged longs and the naked shorts and all of their Bloomberg terminals right there. They don't have to go to some weird website like Coinbase. So you can see why they're into it. And you see how it's kind of infecting their brain too. But I just want to stand up for the one guy who's like me who's out there screaming about this why didn't I do this? Why didn't I make a Michael sailor Bitcoin holding company? It's because this industry would have run you out of here on a rail. If you had showed up in 2007 or 2013 and said, it's so easy. I'm going to buy all the Bitcoin and hold it for you. People would have attacked you. They would have pilloried you. It would have been similar to when one of those mining pools got too big. And everyone said, hey, the mining pool is getting too big. And suddenly it fractures in half. And there's mining pool cash and Satoshi's mining pool and a bunch of different mining pools. It would have gone crazy. Even if you were Bill Gates or Steve Jobs or Balmer or the Google CEOs that go to Burning Man, he said, I'm going to buy all the Bitcoin and hold it for you. They would have just laughed in your face. I don't know what's happened. Why it's so different. Sailor can make a speech promoting it. You can say lots of smart things like you should look everything up in the AI before you call a lawyer, before you call a dentist, before you call a doctor, whatever you should look at a mechanic. You should look it up in the AI. You have a superpower now. He was right about that. But Ben, was he right? Should we all make our own Bitcoin treasury companies? Have we missed out? Sorry. I think it's going to happen. To me, it's kind of a concern because we've always said this before. When people are investing in Bitcoin companies, we're like just buy Bitcoin, hold Bitcoin, don't do anything. You'll probably make more money rather than spending it on stuff and trying to accumulate Bitcoin by whatever means, just buy some Bitcoin with the capital, set, wait, and then you'll have more money. It's a scary thing. It really is. There is a glitch. We're in this unique period in history. It's as if gold had never existed and then suddenly people found gold and they were like, oh, okay. Then suddenly, throw gold into the market and the market goes nuts. What Michael Seller has done, I really don't like the guy because he does just recycle of our talking points and the talking points of Bitcoin and these far more eloquent than we are and he's able to have these lovely sound bites in the news. But he has shown with this microstriety, this tried and tested method of just having a Bitcoin treasury. If you were a company, why wouldn't you have a Bitcoin? Why wouldn't you try and accumulate Bitcoin? Why wouldn't you buy Bitcoin? Why wouldn't you have it on your balance sheet? I think we're like I said with payments. One of the best ways to do that would be auto for payments. You think about something like Twitter. Elon Musk probably in Twitter is or X, whether fucky calls it these days, you probably will add Bitcoin payments. This is the flipening. This is the someone who's, my fucking microstriety, he's shown the world that it's quite profound that Bitcoin exists alongside these currencies and that you have this opt out money and everyone can buy it, everyone can hold it, everyone can purchase a hardware wallet and then can hold this bear asset and the world's waking up to it. This is kind of the moment. It is like other people like yourself, myself, Andreas, they see it, they see all the technology, all the things we could do with it, the people we could help, people like Sailor have a different and a unique superpower where they see it just for the money thread and they see just the wealth part and we've had a lot of different wealth takers and people who made altcoins and ICOs and dot dots and 10,000 NFT projects and whatever. But this is a new kind of thing because he had so much wealth to begin with. He had the company, he was a dot comer back in the day, used to have huge parties on yachts and you could read about it but no one does because your attention spans about 10 minutes. So there's no history. But people have heard of this Michael Sailor guy, he's not pirate at 40, he's a convincing guy to Wall Street people. But if you look at successful and borrowing this money. Yeah, so if you look at the technology space, so it is filtering down, like it is what he does with my strategy is available and it's starting to become available through some of our technology solutions. So if you look at something like Firefish.io, it's endorsed by a bunch of very good technical people who I respect within the Bitcoin space. And that's just the ability to be able to, if you want to buy something with fear, then do a collateralized loan. So you basically give them double the amount in Bitcoin. They do a timelock transaction. We have this programmable money now. You then get the, the, this peer to peer, so you then get the fear payment, the money in your bank and you essentially your, when you add time into Bitcoin through a, like timelock transactions are very powerful because you can effectively spend your Bitcoin in the future when you think it's probably going to be worth more money, which you probably will because money is going down, Bitcoin's going up. So with something like Firefish, you can take some of your Bitcoin and do a collateralized loan for some cash. And I know a lot of people who get paid in Bitcoin and they use something like Firefish. And effectively, they're becoming their own little micro strategies. If they, if they were then going to buy more Bitcoin, I mean, you are leveraging. And if the price dropped 50 percent, you would get, you would get wiped out. Well, I'm going to do it. It's going to be addictive. But I also think like Victoria says we're stacking deck chairs on the Titanic. You know, you go 500 loans deep, I go a thousand loans deep. The next guy's 1500 loans deep. Micro strategy is a billion loans deep. Eventually, one of them is going to fail. Yeah, I don't know. This is, I think probably this is why microsayla. It seems to be, I've spent a lot of this show talking about microsayla, but this is probably why Michael saying this seems to be encouraging a lot of other strategy type companies to exist. And then also for the regular normal companies to have a Bitcoin treasury. And it's kind of dive to diversify that risk. Let's say, let's say Bitcoin is the real deal. It's not the real deal. If you're sailor, you're way out there on this Bitcoin strategy. Even if you found out tomorrow, you're like, it was a fraud. There's really 42 million units or whatever. So to actually holds twice as many. You have to stick with it. You have to get more companies to join all the things that they accused us of all in the past. When they're like, it's a Ponzi, it's a scam, it's rolling because you guys got the ball rolling with the network effect and all that. And then Chase would actually take credit for it. Like it wasn't like a viral computer geek network effect where we willed this money into existence. We willed it into having value. We traded 10,000 of them for a pizza four times to make it have value. Like, you guys are like the internet did this. This thing that had no value has value now because of the internet, like not any other thing. Like you on the internet made it have value, not Michael sailor. But he makes it have value now. Like they say, the Bible was in Latin only, but now it's in local languages, but still only corporations are hearing the word, but you can hear the word at worldcryptonenetwork.com. We've got 4,418 videos. You could watch for three months, 22 days straight, and four hours. And you wouldn't have to take any breaks ever just like Infinite Chest. Moving on to issue three, ARC Invest buys 373 million dollars of circle shares on debut holds trims holdings in coinbase robbing hood and its own Bitcoin ETF to make room. Circle saw a new 200% surge in its share price on the first day of trading under the symbol CRCL exceeding 96 dollars at one point. Circle had two previous attempts to go public once via a SPAC, a SPAC merger in 2021. And again, in 2024 with a S1 registration filing, it finally has a latest SEC with an IPO in April plans concern that it might get derailed. However, President Trump seems to have allowed it. Other crypto companies such as Kraken and and Emocha brands will be watching its performance closely. Victoria Jones, what do you think about Circle going public and the heavy investment from ARC Invest? Well, it's not that surprising because obviously ARC is very familiar with Bitcoin and obviously is paying attention to the digital space. I think they're also famous for investing in Tesla just before they took off. They're very interested in innovative technologies. And of course, there's a lot of talk about stable coins at the moment. And I think a lot of these companies, they like to catch these investments. They're often in a privileged position and they have access to investing in these products before they hit the stock market. And so they're aware of when they take off and often that's the point at which a lot of these companies do their best because there's been a lot of anticipation of them appearing on the market. So not that surprising, I think it's interesting that obviously they've skimmed off their own Bitcoin ETF in order to fund it, which is the sign of the fact that these sophisticated investors understand the Bitcoin price cycle. And we do appear to be reaching towards its end for this cycle. And I think that's probably an acknowledgement of that. If I was Kathy Wood, I'd probably be doing exactly the same thing. And of course, even governments are getting interested in stable coins now. I think stable coins are a problem because they're basically central bank digital currencies under another name. So I don't support them at all, but of course, a lot of these financial pundits, they're in the job of making money for their investors and for their clients. And so they will understand how these narratives tend to cause certain things to go up in value even if it's not a long-term solution. So I think it's always worth being aware of what people's motives are. And of course, our motive is to make money for their clients. It's not necessarily to do right by humanity. And I'll leave it there. It's amazing how buy and hold works right up until you have a better investment opportunity. And we can confirm that so far today, at least as of today, a circle internet group CRCL closed up 29% up today at $107.70. It's up as well in after hours trading up 4% at 112. Ben Arck, what do you think about circle? Finally going public and making a big splash. Got this square. You got a circle. I think we should make triangle. Thomas, that's our company. It's triangle. It's all about shapes. Polygon. There's a lot of shapes. Yeah, you have to be fruit for phone companies. And now it's shapes for crypto companies. Yeah, I think the less sides you have, the cool that you are. So triangle's not been taken. We just take it. We call it line. We got hex, hex, hex, hex, hex, hex, hex, hex, hex, hex. So we're going to have to have a lot of options. Yeah. Man, trapeziums like the launch pad for Bitcoin because we just buy Bitcoin. It's a trampesium because it's a trampoline and it bounces. I forgot to mention in that previous topic that if you actually read the article, he said that it was used for working capital, the billion dollar, the raising of a billion dollars. So it's just emerging. Michael, say, let buying himself in New York because it's working capital. Anyway, don't take me back there because I get distracted. What was the, what was what were we talking about? He's going to take that circle by that man with a VR thing. We're talking about circle. It's like a tether competitor. Yeah, I think stable coins. Yeah, I think there's a good reason why there's a lot of like attention on stable coins at the moment. In the people know that the general populace isn't going to accept a CBDC. And like Victoria said, a lot of these companies like tether and a lot of these other stable coins, the technology stack behind them and how much of the actual value they have which backs the stable coin is questionable. But I will say like for many years, people have been saying that tether's going to fail and hasn't failed. It's continued because probably because the price of Bitcoin went up. It's continued to be able to honor the amount of people using tether in unbanked regions where we go and we shell Bitcoin and the amazing tools that are Bitcoin, they end up often just using tether because they need a stable media for exchange above anything else. And why wouldn't they? Because like one of the major properties of good money is that it's stable. What you have in the stable coin space more recently, which is really exciting, is like tethered on lightning. And then I'm more for it. I like the experimentation which is happening with stable coins. People in the world need stable media with exchange. And actually within the tech stack of all the tools we have, it is possible to build stable coins without trusted third party which keep a stable peg. And without trusted third party. And I think it's something we've spoken about a length on the show before. So yes, you can have people benefiting from this volatile asset of Bitcoin and it going up a lot in value and all these micro strategies and whatever else. But also when you look at like tethered on lightning, you can have stable media of exchange with access to this incredible Bitcoin tool set which we have, which you can bootstrap unbanked economies where 90% of the population don't have bank accounts. So we're in exciting times, really exciting times. And I kind of embrace the sort of stable coin industry. Obviously we need better technical solutions for having stability without trusted third parties. But I think it's kind of coming like it's there's a demand for it. And I know that tether itself is investing heavily in Bitcoin and the Bitcoin ecosystem. There is a lot of scams out there. So there's like we're involved in Bitcoin. This is like at London, we're in central London and we're looking at all the beautiful museums and the big old historical buildings. But then there's and I don't want to upset anyone in our audience who might be from out to London. But then there's outer London which is isn't quite central London. Well, this is Bitcoin. So we're in central Bitcoin and in our little world of central Bitcoin, like everything makes sense. We want to each other when we all know the different companies and projects and only our own social resources each other is lovely. There is this increasing like layer of I shouldn't have done that not London or GM sorry anyone who lives in London. There's this increasing layer of shit. So a lot of the shit coiners have come out from shit coin land and they've come into Bitcoin land and they've got these like there's a hit they have the whole conferences and they talk about these like layer one layer two. We're not a shit coin because we use Bitcoin for the gas and there's all these like shitty scammy projects which exist now in Bitcoin which didn't exist before which we don't even see because it's like completely and they don't know about us like they think that that's Bitcoin. They're existing this thing which they think is Bitcoin and a lot of them are piggybacking of the stable coin narrative which is quite depressing but the I think the yeah the reality is that the world on bank regions need stable medium of exchange and if it's done on Bitcoin like Tether are doing now with lightning Tether on lightning using tarot then that's kind of cool and I hope circle with this capital invest in so that stuff I'm sure they will and Lake if you look at the US like rather than the US trying to make their own CBC can it make sense that they just somehow use Tether right everyone uses it the world's flooded it with Tether all these unbacked regions using Tether is basically doing what pay PUS dollars were doing before so I don't know how it would work but I could imagine that the US just ends up Thomas you'll end up just using Tether to pay for you McDonald's it does sound right Ben I mean I know we used to talk about the old days the unbanked and banking the unbanked with Bitcoin and I still want to do it but you really are right it's a Western sentiment that we think that they can survive price discovery that they can survive the early stages of Facebook stock with their money with the money that they need to buy stuff right and the thing that we were trying to sell them was you won't get inflated away over 100 years you'll get wiped out in a weekend which is the same thing that they already have with their bad inflation and their lousy economies so yes from the same way Ben just as we missed the boat on Ethereum and it does in other altcoins and whatever the same thing with Tether I look at it I think that's dirty that's ideologically bad they have bank accounts they have treasuries that's not what a hotlar wants you know Bitcoin hotlar wants exposure to those 12 days a market a year where it goes up I saw even Adam back was saying recently that classic Bitcoin line there's 12 days a year where it goes up and if you're out of the market you're going to miss those 12 for sure and Tether was missing all of those but they were also missing all the downs and like Ben saying for people they're living paycheck to paycheck which is not just the United States but also the developing world that makes a lot of sense to hold something like Tether and as we've seen from the market from the fees from the money they make off the hodl off the the big or whatever they call it I don't understand all the gambling turns but the end of the story is Tether makes tons of money Tether makes tons of money it's a huge company they have endless unlimited resources God forbid we never offend Tether Victoria what do you think about what Ben saying here they really need stablecoins the thing that we hate is the thing that they should have had in the first place and Dreish should have been out here pumping his own Ponzi scheme and selling his stablecoin and Dreish coin you could have held all the bitcoin for us yeah well it's interesting I picked up in one of the articles that you shared that apparently the retail market for bitcoin hasn't been quite the same since 2017 and I think that's the point at which Tether really started to take off because until until Tether was invented bitcoin was the only thing we had and it's not just third world countries that need to balance their finances mean even in the west they're very few people who can cope with the dramatic ups and downs of bitcoin and of course in this stage of its development it is helpful to have something else that you can exchange bitcoin for and I think until bitcoin becomes stable as an asset and is more widely adopted then Tether definitely has its place but of course you know the moment the moment you know the financial system collapses and the government collapses and corporate treasuries collapse you know that's not the case anymore and who knows when that point will be you know maybe many of these substitutes are helping people to adapt and maybe you know humanity needs another 20 years before you know we can we can cope with that ultimate catastrophe a disaster we all know it's going to happen the only people but people have been predicting that since 1971 when Nixon took the US off the gold standard they've probably been people predicting it since 1914 when you know the Britain decided that it had to come off the gold standard or to fund the first world war you know people have been predicting this for a long time and of course every time there's a new invention it kind of gives us a little bit more wiggle room in order to kind of manage our finances and of course everyone hopes that the transition can be made in a smooth way but you know there are lots of shocks along the way and it's helpful to understand history and to understand exactly what you're dealing with because that helps you manage the fluctuations you know in some respects I'm glad that Tether exists because it does help you know with those fluctuations but of course you know you have to understand what the long term implications are because when the US dollar fails then Tether no longer has a place or maybe it has a place temporarily because the banks aren't working but at least you've got a token that mimics the US dollar that people can use in the meantime so you know it may well have a place in that scenario as well so yeah that's my thoughts on the subject. I have memories from iRobot like the movie happened to me and I remember very clearly they had trailers and they were spray painted on the side you could buy bitcoin there and the crisis had come and they went back to real bitcoin not micro strategy bitcoin not stock market bitcoin not jack bitcoin or whatever it is and the other thing I think changed maybe around 2017 I'm not sure when but it was a great time when you had to buy bitcoin before you could buy altcoins you'd pay the fee on the bitcoin you'd pay the fee on the altcoin good for the exchange good for the bitcoin number it would go up before the it'd buy the e-th or the mega coin or the mega mega coin whatever you're going to get all those things so that was good for us too but let's move on to issue four issue four Ross Obrex big bitcoin donor allegedly tied to Silk Road successor Alpha Bay chain analysis told Wired magazine that it tracked a 31 million dollar bitcoin donation to online black market Silk Road founder Ross Obrex allegedly from a successor market called Alpha Bay allegedly the gentleman or gentle lady or whatever was a vendor on Alpha Bay so they were selling something and getting lots of bitcoin they donated 31 million dollars in bitcoin to Ross Obrex open public to mount many people speculated that Ross donated the money to himself even including people art graphics making fun of this idea now they say it came from a mixer it came from Alpha Bay it wasn't me it was the one armed man Ben Ark what do you think the dread pirate Robert something no one talks about anymore but the mild manard Ross in his red tie is now 31 million dollars richer yeah it's a bit um I mean I don't want to you know I don't want to use anyone if anything but I mean it's a bit like Walt White in uh in breaking bad isn't it way it's one of the easiest ways to to clean some money as you set up a donation page and then you get an anonymous don't it kind of reminds me Charlie Schram when he came out there came out prison and then for like a month he was playing all humble like I'm out prison and then he's like wait there can I just donate some money oh I mean can somebody sorry not me can somebody just donate somebody to me and then suddenly Charlie Schram's blasting around on some super swanky up around the Mediterranean um yeah I quite keep like you can't tell me the Ross Albright didn't have some stashes of Bitcoin here there and everywhere before he was locked up and uh back then you know through and you know Bitcoin wasn't much so um and now it is a lot uh I mean maybe it was just literally uh someone buying something on alphabet I don't really when I was read the article didn't really make sense to me because it was like it couldn't really it was like the the the Chen out Chen out a Snitch company which had done the research on it they were like oh like it went to Coin Mixers thus it's probably from illicit sources and um and and Alpha Bay like I couldn't really see the the the actual evidence to be it being connected to Alpha Bay so maybe uh there was part of the trail the evidence trail that it going through the Coin Mixers um which uh they they didn't publish and uh it was interesting how they'd use like bad Coin Mixers like they'd use Jumble um and uh some of the crappy Coin Mixers but yeah they didn't they within the article I couldn't see where the actual connection was with an Alpha Bay trader um however you know uh it's it's nice he's got time of money it good on him it's unclear how they chain analysis or whatever it was sourced their information pen but it does seem to be that there was a takedown of Alpha Bay so it's possible that the feds operated them from the inside or had inside access to their Bitcoin accounts and thus we're able to get the source of some of these transactions maybe leading to more information down the line as we've said before hundreds of times Bitcoin is the FBI and law enforcement's best friend they always always always track the Bitcoin and that's why I think this is a perfect thing for Ross to do because it fits with Ross's op-sec the guy who publicly asked how could I run a drug market uh to a message board is the same guy who would send himself 31 million dollars in the light of day just a week or so after making a very public speech on a stage that held the vice president and the president's sons uh but I like the Alpha Bay story I want it to be that I don't want it to be Ross that's just so dumb that he's giving themselves and I also I not that he needs to be humble but I like the idea of him and a cabin reading some books taking it easy he doesn't need to be involved in this industry he doesn't need 31 million dollars worth of problems he needs a vacation I don't know if he's going to get one Victoria Jones what do you think is this Ross's plan to donate to himself more uh what are they call it three-dimensional chess uh he's got the red tie and it's spread to his brain well if that is what he's doing he needs to be careful because otherwise I don't write back where he started so um on on a on a different charge so I don't know I mean if it was him I'd maybe have waited a bit longer maybe maybe it's a bit too soon you know it's still it's still within the same year you know waiting till it died it's died down a bit and everyone's forgotten who you are or maybe do it you know slower smaller portions or whatever but 31 million donation I mean of course someone's going to someone's going to have something to say about that so I don't know I don't know I think if it is Ross then it's pretty dumb move he could have done it definitely in a smarter way because even with breaking bad you know with water white you know they came in little clumps he had a lawyer who actually organized for different people across the country to donate but you know clearly Ross was too busy in prison to watch breaking bad yeah 30 million million dollars in one donation a week after the largest conference in the world when the whole world's paying attention to the vice president it's a terrible terrible move and again as we've said before but I'll keep hammering home when I said alpha bay vendor and you said to yourself drug dealer you should have said freedom fighter because remember if the drug war was over this person would be breaking a bad law they would be like Ross who made the silk road to break bad laws because libertarians believe you can do what you want with your body or you can sell what you want to other people whatever they believe I'm not sure or maybe you can buy whatever you want you have a lot of rights that he was supporting that the alpha bay guy that was supporting that if this was a real pardon if the drug war was really over all of those things would be true if the Bitcoin war was really over all these things would be true instead we have a temporary thing that they bought and they're pretending like they bought the end of the drug war they didn't buy all that they just got one guy out and I agree with Ben or Victoria I hope he doesn't go back and and and that he did if he goes back go back for starting silk road to be like I'm the dread pirate Roberts I'm in Walton now I'm with my friend CZ he taught me how to run companies from anywhere and and now I'm going to do just great and of course selling drugs again right also also use NOS to market not that we built NOS to market for such activity but these people don't need to get just use NOS to work yeah yeah yeah yeah nip nip 15 Russell brick those aren't these aren't financial advice for us like you're gonna be they're not they're not endorsing the Bitcoin group and learned about NOS to market nip 15 and created his new silk road 2.0 yeah that's a bit like summarized and like you need to not market to the gangsters all right I'm not market to the gangsters I'm just saying theoretically you could use nip 15 our PowerPoint right here under money laundering yeah yeah this is the target market gangsters there was a good comment in the in the chat there which is 31 million p 31 million is peanuts to the red tie gang and that is true so the the the the red tie people who are making bank on Bitcoin I think Russell brick currently will fly under the radar and by the time the next administration comes in they'll have far bigger fish to fry I thought he said red tie I thought he meant Thailand I was like that's a spicy people we've got just a couple more stories they're short check it out just in 3.6 trillion dollar asset manager JP Morgan is going to accept Bitcoin and crypto ETFs as collateral for loans this solves a lot of the presumed problems with Bitcoin loaning i.e the company running out on you a big company like JP Morgan is not going to run out of you they're going to be able to cover your loan even if it's a large loan so this is good for Bitcoin also Jameson Lops says the world keeps getting crazier but the craziest things that demand for Bitcoin remains flat the blockchain is a ghost town the exchange rate hovers around 100k despite constantly announced massive institutional purchases retail interest has never regained 2017 levels what do you guys think about JP Morgan and like Jameson Lops says we don't seem to have retail as well as last week you weren't here that James Howell guy your fellow countryman has come up with the idea finally to create ordinals to represent the Bitcoin lost in the dump he's still after them let's go Victoria Jones what do you think about those stories choose one oh JP Morgan I mean honestly talk about feeding the fire and feeding the frenzy I mean you know another Bitcoin ETF really um you know something else to fail when everything else goes down I mean I mean it's like if you can't beat them join them I mean Jamie Demon who was a Bitcoin's biggest critic in the early days who runs who runs JP Morgan I mean I've seen I've seen many clips of him recently talking about problems with the bond market um and so his solution appears to be some kind of Bitcoin ETF because it's what everyone wants right now so I don't know I mean it's just we've talked about it already but it's just fuel for the fire really not terribly impressed and Jameson Lops I mean I think that's where I picked up on the fact that the retail market since 2017 hasn't been hasn't been the same I mean I think that is the problem I mean it's the corporations that are now in feeding frenzy for Bitcoin and retailer just kind of on the sidelines you know watching the racing cars go around the track waiting for one of them to crash it really does seem and they're going to be very disappointed in a few years when things go up again and they're not on one of those racing cars the thing that I think we're missing and I don't know you guys at home and in the chat you can let me know are your friends calling you I used to get those old calls from high school friends whatever hey you still into that Bitcoin thing did it work out you know whatever I'm not getting that I mean maybe your friends are Michael Saylor one of these Wall Street guys they're excited the business guys are excited those corporations that are people they're excited but no I don't hear it from the normal people Ben Arck what do you think we got Jameson Lops retail not returning JP Morgan accepting crypto and of course our friend in the UK is going to create ordinals for those Bitcoin and the hard drive yeah so 2017 was a very different period so like lightning and liquid weren't really a thing so you had a lot of payments just general payments which were happening on Bitcoin and then if you talk about like the strategy type companies they're buying huge sums of Bitcoin it's probably like over the counter as big transactions so yeah there's fewer transactions on the blockchain like you have you know a certain amount of block space and there's fewer transactions and there's a larger sums of money for some of these treasury type services or whatever you call them plus you don't have you know you now have sorry you now have lightning and liquid doing very well for sending pretty large transactions yeah yeah no I yeah we obviously you know that bits we work on it's a payment server and people these days you know they can send $1000 couple of thousand dollars to be lightning and they do before they would send that through Bitcoin and then that would clog the the the block space and you would have high transaction fees but transaction fees it's kind of cool because it's like it's kind of the point you know like transaction fees haven't gone up like they're they you know they sort of bounce between one one step per byte or five steps per byte but yeah it hasn't they haven't really gone up that much and that's it that's kind of a good thing it means that some of the off-chain stuff's working and then I can imagine that with these you know JP Morgan's and Michael sales and whatever else they're they're doing over the trying to get over the counter trades with big Bitcoin holders and governments and whatever else to accumulate that Bitcoin you know then I'll go on to Coinbase and making because of the ins a different transactions so some perhaps the retail adoption is where it was in 2017 and it's just that you have those extra factors which you're not kind of you know put putting in the mix so so it's yeah it's I mean I imagine the the Bitcoin fees will go up a little bit because as I said that's that impression effect the impression like effect so wait a couple of weeks when everyone starts googling Bitcoin because they've heard in the new cycle and I'm sure it'll go up a little bit but not too much because it's all working we have off-chain payments and it works well I watched that Michael's sales speech and he implied that it would be easy that my friends and family would accept Bitcoin the first time I mentioned it to them that the old people would give all of their money to the young and let them not only keep it but invest it and gamble it so they could have a better future longer into the distance when the old people aren't there and checking in with the chat let's see they say a starship says no interest from retail among his friends Glenn says Bitcoin is still shady in both most people's eyes they're not getting the interest here I agree with everyone else they say they're worried that Ross might end up back in prison Jack E is surprised that Ross said he rented a cabin to grow mushrooms to sell on the Silk Road there are limits to the pardon he was it's a pretty tight pardon I wouldn't try to expand it by saying hey I've been speeding hey I've been running people over in the backyard I wouldn't add those things Glenn says people are Bitcoin is still shady in most people's eyes and now they think they can't afford it because it's 100k so that's probably there is some there I think that's probably pretty true the like general retail investors will see the price of it and I think oh I can't I've missed the boat and I can't afford it yeah and they're still to learn that they can just buy a piece of it small piece yeah and it'll be the same thing when it's a million dollars there'll be when it goes to for for us it was like a hundred to a thousand where you're like oh I missed it for these people their hundred to a thousand will be a hundred thousand dollars to a million dollars and they'll miss that boat but we're running out of time so let's go to predictions or story of the week Victoria Jones you're ready with a prediction or a story of the week yes or my story of the week is that I finally you know released the project that I've been working on for the last year I'm working with a software developer that lives close to me locally and we've been creating some videos to teach people about Bitcoin so Thomas is just sharing the page from my articles page and my website is toyspage.com you can see there's a clip of one of the previous world crypto network episodes that I put at the bottom just to keep people in touch with that but there's a video which is like a trailer which is showing what we've been doing with some some of the work we've been putting together and so we're teaching people about hot wallets, cold wallets how to build their own node a lot of these things have been filmed but it takes a bit of a while to edit all the videos and then put it into a course but basically basically this is what we've been working on so you know and spite the fact that you've got all of these companies trying to buy all the Bitcoin what we really want to focus on is teaching people how to use the Bitcoin and actually build it for themselves and so yeah if anyone's interested you can go onto my web page and watch that video and then there's a button further down the page which takes you to the products page which shows you some of the products that we've been working on. The only one we've got available at the moment is cold wallets and there's a free guy, free starter guide which is you can use center, family and friends in order to tell them which gets them started with Bitcoin and then obviously once you become more advanced you can you know invest in some of these course in order to teach you a bit more about what's going on so yeah check that out we've spent quite a lot of time working on it we started working on this about a year ago so there's a lot of work that's gone into it and you know hopefully people will find it useful. That's great and people can check it out at satoshi'spage.com also it's a great time if you want to put your own story of the week into the chat we already have Starship story he's been playing a game called Bohemoth in virtual reality he says the sword fighting system is the best feels like a real battle and that sounds pretty fun although I think the last VR or maybe Wii game I played you get your arms pretty sore waggle in those swords at hundreds of enemies Ben Arck do you have a prediction or a story of the week go ahead I was playing one of those games the VR games and it felt pretty brutal because you when you when you you stop someone in the game because it was like a gladiator arena and it was called us on the quest and you had these swords and then you you would hit the guy and he would stab him but what was the carb about it was unless you really lunged the the sword we can go in it would kind of ricochade off them like if you hit them on the head it would kind of ricochade unless you really whack them and and then it would stick in the heads and it was like it just felt too real and I thought this this I mean this can't be good but you know I'm sure Starship's not going to stop at Josh's house on the Oculus once and oh you shoot so many zombies that are coming at you from all angles and by the end of it it's like mission missile controller missile command eventually you lose at the end right the zombies it was scary I would take off the helmet thing I'd be like oh so glad I'm not here with the zombies I didn't yeah yeah yeah it's good stuff I mean like the it'd be so cool to get me a coin payment since some of the other things I think that it with Noster could be possible so you could do some zapping so you could you know I know Johnny Cassino whatever and you could have you wallet and then you could send some zaps to play some card games so yeah we gave Noster.com a liquor paint that was this week Fiat Jeff was working on this and I helped out where I could it's got a nice onboarding towards the top there if you go to join Noster there's like it generates you Noster keys and then you can fill in like your profile details and then send your first post as well on Noster which is pretty sweet it always like straddles you know this thing like because when people google Noster they end up on Noster.com so like although like we need to be able to profit products and we need to be able to offer products and services on it it is also like an educational page so we kind of like have to strike this balance so we're constantly you know reaching out to the Noster community so that's the story the week is Fiat Jeff working on that me working on that with him to try and make that look kind of like appealing for developers but then also appealing like easy enough for my father-in-law to use that's my focus groups my father-in-law the other thing is my friend BC he sent me so in the Alan Bitts shop we've got these Noster signing devices honestly I think this little gaysmo is one of the most important things which has ever been built so you have your so when it comes to key management like Bitcoin is a spin-off project from public key cryptography and people get access to public key cryptography as is Noster and humans are really benefit from public key cryptography existing hence the Cypher punks the Noster signing device so when you talk about key management in Bitcoin you have your hardware wallet and you want to do a transaction you plug it in and you sign the transaction you broadcast it but when it comes to you know me like tweeting on my phone on Noster like that doesn't really make sense I have to I'd have to plug in a device and then sign a note and send it so what this is is this has your end second your private key for your Noster account and it's plugged in at home somewhere say connected to your Wi-Fi and then on your on your phone you have a delegated key so I create a post I publish it this thing pulls down the post it says oh okay it came from that private key right I'll sign this with your actual key and I'll republish it back into the Noster network and if for whatever reason this gets compromised then I can go to this thing and just delegate a new key and I think it's just really interesting having this excuse to do key management public key public crypto key management in a in in a context which isn't a Bitcoin payment because the world will have to get used to public key photography when captures get too hard and passwords get too hard so I really think this is so cutting edge and so cool it's like the simplest cheapest little device and you just plug it in and it holds your private key and yeah so I'm excited to play around with this I want to do a video for it but yeah Noster Noster Noster stuff this week it's good fun well that sounds fantastic Ben and I've got an idea already they need to be at least two packs if people lose their Twitter account they need one of those for at home one to put in the safe one to put in the underground whatever because I mean I know it cares about my Twitter account but if it was like Elon's account or whatever and it was in Noster or let's say Jack's Noster account in terms that people can understand well I mean like yeah a bunch of times so like the whole point of all this stuff is it is like and similar with Bitcoin you're and actually public key cryptography like obviously through Bitcoin was able to come along leaps and bounds in usability and now Noster is able to come in leaps and bounds in usability because this this is a tool which humanity drastically needs to say yes I am me and this is my digital self on the internet is public key cryptography so and another huge innovation which we have now in Noster is people working on sharding which is like you say Thomas which is you know your your private private key can be held by like a federation of people who needs to come together to delegate a new key and that could be on here and then that delegates another key which is on here but it's all about like the value of you your digital self on the internet and how you secure that and just creating the best sort of and but also the most usable security experience that you could possibly have and it's very exciting to see people and like if you just like Bitcoin became this like all the all the the best work which was being being more like since this was Bitcoin was using Bitcoin and cryptography and Bitcoin and it's similar in in Noster now is you know with store store stuff it's all the libraries the the cryptography libraries the public key cryptography libraries and we're sure you're being worked on they've been worked on through shore through Noster and they've been worked on through Bitcoin and that's that's great because I really publicly give dog free is their revolution and hence what hence why we're the role that we're the world crypto network there you go world crypto network back to cryptography again the most useful word ever a quick check on the chat people are sharing their stories of the week dusty says he's going to take his seven year old to the roller skating rink that sounds like a great time way to go dusty uh glens tired of VR games he bumps his head into the walls and thumps things sounds dangerous dusty also mentions that James win his billion dollar margin position is the story of the month the guy is a millionaire billionaire whatever he's been betting money on Bitcoin I think at the moment right now last I saw he had about a hundred million and I think he lost about a hundred million to him it's not that much though it's pretty strange uh to badge a kezzi says his dad he's been telling him about Bitcoin for years now he put money into some dodgy scam or an app coin but many of us that's how you have to learn about Bitcoin is to get scammed first then you redouble your efforts you learn more you get into Bitcoin so that'd be pretty good and dusty's excited about vans idea the physical device for digital ID and that really is the way that we have the digital world you can save things and then that way you can be a an avatar in the virtual world and finally today it's a June 6th 2025 I guess it was around 81 years ago in 1944 as Darren Rovelle shares on Twitter this photo is called into the jaws of death taken on this day in 1944 36 men on the initial storming into the water at Omaha Beach in Normandy 100 pound backpacks rough seas germine suiting from bluffs on high the sacrifices hard to fathom for those that battled thank you and just another reminder of world war two you can see there the uh the boat that thing would go down I think we're all picturing saving private Ryan at this point I thought about putting it on this morning and then maybe call of duty or one of those games where you play world war two it's very popular among video gamers now but imagine going into that yourself and just pushing forward through that and that's what it took last time but this time we can't even be bothered to count the votes why even bother who cares anyway thanks for joining us we didn't do too much on the Elon versus Trump thing but it was a huge story they were fighting and they are affecting the price of Bitcoin big billionaires punching each other little people down here on the ground getting hurt but isn't that always the way so thanks to everybody for joining us be sure to give us a thumbs up down below push subscribe if you haven't and until next time bye bye