Hello everyone this is adam meister the bitcoin meister the disrupt meister welcome to the one bitcoin show today is October the 24th 2018 strong hand long-term thinking uncomplicated personal responsibility is the new counterculture offended by selling you better believe I'm offended by selling all right check out this rotmeister icon for all my old shows tech Balt calm for all the old this week in bitcoin follow me at tech bot tch blt on Twitter and of course on December 3rd and 4th I'm speaking at the digital currency con calm down in New Orleans at December 3rd and 4th discount code meister click on that link below to buy the tickets down there it's explained check out always check out the links below everything I talk about in this video is linked to below so let's talk about an email that I got from Gemini yeah sure again I mentioned this before even though I have nothing at Gemini Gemini sends me emails Thank You Gemini Gemini dollar is now supported by 25 exchanges that was the that was in the email and they also have a blog that I linked to below and I will quote from as a nice RC 20 token the Gemini dollar can essentially be added to any exchange wallet or decentralized application all right yes so October 23rd 2018 was peak stable coin day I guess so they had the day to send out their stable coin information yesterday or was it today who knows so good for them they have a stable coin but there's more oh there is more let's get this tweet from G out of the way and he said and this is about the coin based stable coin but is it all ties in there all you stable coin freeze coin base is establishing themselves as a trusted third party in exchange for non-action from government regular regulators they will seed the decentralized financial system with gates locks and doors to exclude users based on jurisdiction and who knows what other insane criteria next so yeah and just probably be applied to Gemini also Gemini coin days they play by all the rules the government lets them have their stable coins and in return they will if the government says hey shut this person down well the stable coin is centralized they can shut them down they can revoke the stable coin who knows what they can do they get you hooked on their stable coin Hey you're more under their power okay you're giving up your sovereignty to them okay you're not controlling your own private key you're relying on them you're oh yeah I jumped outta Bitcoin and now I'm in their stable coin I mean dollars oh no no you're not there's a big difference between that dollar in your pocket and that stable coin dollar it's going to be a Gemini and coin basically they can just turn it off or shut you down and yeah and you hate personal responsibilities new counterculture if you want to opt into that system that's your thing dude that that is your thing but you're you're definitely getting into a centralized system there and I'm sure to be very convenient for you and hey yeah they'll be doing the government it's a kyc coin it is a total kyc coin so when you wonder like why does coin Basin Gemini they seem they've been progressing so fast faster than other companies well they're letting the government have a cave i sequent and this is all out in the open there's nothing secretive or conspiratorial about this you're opting into it though if you want if you want to be a trader and do all that fun stuff because fun stuff so here is another tweet out there and this is from a guy e Co new are again this is all linked to below of course just so everyone is aware there is a backdoor in the us
dollar coin stable coin launched by coin base today which allows the address to be blacklisted and funds frozen okay that's what I just said so yes the dollar in your pocket it's not the same thing you think this coinbase stable quite not just like a dollar in the back of my pocket no the dollar that's sitting in your back pocket that act that can't be blacklisted okay and it can't be frozen you got in the in the back of your pocket there okay the best thing to remember when comparing types of wealth to stable coins is Bitcoin bitcoin is my stable coin I've said that before Matt Odell has said that before it's unconscionable it's not some kyc coin it isn't it isn't some centralized token of some sort that said ERC sitting on aetherium or whatever that makes it sound all fancy and whatnot you know it's just good old simple uncomplicated Bitcoin pound that freaking like button okay another tweet by Arjun and this is just this ties in this stable coin phenomenon with a meme going on over Twitter and I guess social media and some of you might not be familiar with this I guess I'll try to explain f-words the explosion of fiat backed stable coins with the crescendo of the NPC meme isn't a coincidence only NPCs think a tightly controlled regulated digital dollar is exciting stable coins are the non-player coins as incumbents fight for relevancy so there's this a non-player character in in video games apparently it's it's just a grey face it's an unimportant when you play video games apparently there's some characters there nothing they just say mindless things they play Super Mario Bros everything good there's things in the background that is mindless minded they might say something whatever I can I have no video game expert but on Twitter turn people have been making fun of certain politicians certain sames that are totally mindless so they non-player character their faces they make up they just give me this gray face this mindless face because so much of the stuff that's out there all social media is just repetitive mindless stuff that everybody repeats it's the same boring face for pinion over to but everybody buys it and so this coin is uh it's the equivalent of that you know check out the check out that tweet by Arjun he he he puts it better than I do and yeah I guess Google lead the MPC phenomenon on social media also this name not non-player character meme thing that's going around and I actually just learned about it the other day is I'm not a video game player myself so I I was thinking today about the future about in the future in the Year 2033 what some kid is sitting in a history of Bitcoin class and a student is going to ask to teach in the teacher again let's just pretend there to be College of courses still in 2033 be there probably be something like that they'll be some interactive maybe be online maybe you'll still go to Harvard and and Yale and wherever University of Pennsylvania and everything so here we go the future the future kid is sitting there and he asked the teacher he's like so you're you're saying that people knew the institutions were going to buy into crypto and Bitcoin and that this information was out there in the open and obvious for a few years and yet many still did not consider button did this can't this can't be true professor professor Meister's can't be true and the future the the future person the future professor whether he'd be named Meister or what now don't be no Meister relative that'll be a professor I cannot envision that but anyway that the future person will say oh it's all true more people were interested in TV and free things and cars politics and they were due MERS obsessed with scapegoating and they liked videos like the silent financial takeover by Keith leaks Ron Kirby that made that to you actually how and by the way how long is this guy Ron Kirby and in his the people like him have been saying the silent natural takeover by the elites where you supposed to just sit there paralyzed and wait for this silent takeover money no no you don't just sit there you take control of your own life and you don't end up a silly statistic that people talk about in the year 2033 that they laugh about like what there are people who are watching these crazy doom videos but and worrying about what might be when everyone when anyone in the right mind was hearing that all these institutions were gonna buy into it we're gonna buy in the Bitcoin and they were just sitting there doing nothing just watchin Ron Kirby and the gang worried about the elites blaming the elites for all their prep and it just imagine yourself in the year 2033 looking back on this time period where again it hasn't just been months that we've been talking about these big institutions are gonna eventually by you know a big point how long we could talk about the big pointy – yeah how long we've been talking about these things and it hasn't happened yet no he's going to have to go and one day people are gonna look back on it and they're not gonna be able to believe that people knew it was coming for so long and yet they did nothing they didn't buy Bitcoin they just complained and it's ending up with stealing a silly little statistic in 2033 for all the students to laugh at I say though of people watching TV people were were what were they doing with their time when all this was out in the open and they could have been buying big coin and yes again that's some of the strength in your hand think be a long-term thinkers think about what people are gonna be saying the year 2033 and think about what people are saying right now what you know is about to happen whether about the next month or be in a year it's about to happen okay Hoffman mind strong intergenerational wisdom people from these financial dudes like andy hoffman who have been in other industries before there's should we say there were more people waking up to the peculiarities that big coin the if you buy your wealth and Thea if you notice these type of things that the total market cap of coin does not go below $100,000 as if there's something out there or a group of people out there or like-minded individuals who have been in the financial industry who think it's the really good value to accumulate once it gets close to that Hoffman line once the big did the big point there's support there there's click again it could all fall through the floor I don't give a darn if he does or not because I've got in my wealth and bigpoint one big phony I saw have much Bitcoin as a next person but it is very interesting and it is it's it's something to consider to consider Stone who is from a different industry who's been talking about this for for almost a year now I guess about this $100,000 valuation you know you got over a year when it went over a hundred thousand a hundred billion dollars when it went over a hundred billion dollar market Cathy if I messed it up before is 100 billion dollar mountain but it went over a hundred billion dollar market cap and at the hall from the saying this makes it kosher in the minds of the people who have been in financing that in the mind of institutions that it's a real legitimate asset class now it's a real legitimate asset when it gets over a hundred billion and you if you think well now if you think that line of thinking there you can see that people who think that way once it they started buying it then because they knew in the few their long term thing they don't care if it's 6,000 or 7,000 now or whatever they care that you know the n-words gonna be in the future if it's already a legit for them they have a psychological idea that once something gets to a hundred billion dollar valuation then it's real okay this is what the theory is at that from that moment on if it's real then it's the sky is the limit the future is bright so people buying in at that level and above that level and they'll care in the future when it's worth $100,000 or 208 I hear they're wealthy dollars in stock of course they these people do but in this Hoffman line thing is again it's something to consider and other people are starting to like this is cherry acid it hasn't gone below a 100 billion dollar market cap it's purity I say it's definitely a curious thing and you could be curious about it now and say well maybe it'll go down the 4000 I'll just I'll just get all my big coin that I sold you did yesterday dad I'll get it you could take that approach or you can realize what I was talking about before with the people in 2033 are gonna be saying they're gonna be saying again for years they were talking about how tremendous institutions were about to financial eyes this me the financialization was being brought on by these tremendous institutions which were about to make tremendous buy-ins which are setting up their custodial accounts right now that everyone was warned and yet not everything morphs there were people concerned about it being neither fifty eight hundred or 5900 or four thousand it's gonna be left upon it's gonna be left in future all right so let's talk about be cash competing with – I'm just I was thinking about this recently because because of Lorien I saw my friend Lauren camera off in South Africa was tweeting about uh well his uh his wallet he has the sent beat wallet and how you know his vision for B caches all these people are going to be transacting it be cash buying things with P cash and apparently he got people to buy stuff at B cash I think it was England I didn't love the sent the Twitter feed actually that you should check out but then I was like this is my rent competition with – and I thought I'd mentioned this in a long long ago video I mean these – but – has such an advantage first of all they've been sending many like them or hate them they've been spending money on marketing how they do that well you can read about how they do that okay you can have arguments they've been doing it they'd be going to South American countries getting businesses to transact me okay getting giving it away to people to buy it the businesses and stuff so – like him or hate him they are way ahead of B – on the beat hash pass on what be cash says it is that he's supposed to be something that people transact it with you know to get a coin to be something that is good that people are going to use on a daily base you really gotta have market you really got to get up in your face you gotta go store to store and tell them use this crypto this is I'm setting this wallet up for you but and – has been doing it be cash is louisette be obviously that they're they're trying to do something like that now that the what we cash does have is it does have the name recognition people are going to get what's this – I've never heard of that before and then some people are as a be cast well I've heard of Bitcoin before and of course they use that name when they talk to people about it so you know that it's something it's something – interesting and then today when I literally I ring down the notes for this idea I'm on Twitter and I see an article and then obviously this is a – propaganda article totally but but nonetheless it says be cash community increasingly sees – as biggest competition okay there you go that's their opinion and it's just coin since I know that article came out right when I was about to talk about something like that so something else that was in the news and I found out about it from the Indian from The Times of India that I read The Times of India version of this article India's first Bitcoin ATM sees co-founder held and uh yeah he the code this is you know coins a Bitcoin ATM is seized and their founder is is held by the government I mean this is the Keystone Cops of governments here I mean this is it's outrageous and it's it's clearly an overreaction they don't want people getting around their a banking system clearly it calls more attention to the Bitcoin in India when this story I mean is supposed to scare people I assume you know they've got a huge bureaucracy all going over there it's one of those things where the left hand doesn't know what the right hand is doing and this isn't well thought out on there but it happened so again I think it just wakes up more people it is newsworthy well they forget they see dick took the freaking thing away was hurting people I guess town that freaking like button I I got an email from my my Steam it buddy and he said it's for Patrick or Earl Rick is his name Ulric I wanted to let you know about a new steam deck that will let you create steam steam a post from your traditional social media twitter youtube instagram allowing you to earn steamer wards just by posting on these sites I figured it would be an easy way for you to share your YouTube videos to steam it or even share some tweets without taking the effort to make the steam in post well I thought this was interesting so he's an again I linked to his post book as always I can help you get set up for it I'm available for you but I wrote a pretty detailed post on it yesterday on Steam so yeah I link to his post below but I thought you know this is this is actually interesting development because if it's just if they make it so that you could just make a tweet and then it automatically then tweet automatically shows up as steam in post well that monetizes your tweet on steam it I mean without you doing any extra work it also fills up steam it with more content the summer you're gonna say well that's a lot of tweets are completely useless so steaming steam is gonna be filled with a bunch of tweets now maybe maybe more YouTube videos if people actually do this but it's giving them more content at the same time it is giving you the possibility of monetizing things that you weren't monetizing before and so when i gave i monetize is you're gonna be able to earn their steam cryptocurrency which of course you should then turn into bitcoin baby so it's a way for all you people say god well I can't afford Bitcoin well if you if you're crying about it on Twitter you can you can now set up this new application that with with the steam it and your your tears on Twitter can be transferred on the crypto maybe onto steam it and maybe some people will vote you you'll get some steam you'll turn the Bitcoin and it all good be proactive dude so don't cry don't cry keep it positive stay in motion be in motion be in motion was you're not in motion for crying and yeah this is an interesting development there and I haven't had time to set it up yet again this video right now is live on Steam it I post every single one of my videos live on Steam it's bitcoinmeister is my name at steam it if you want to follow me over there and again why would you buy steam went yet another way to earn it for free and turn it into Bitcoin baby alright so this is from the big point comm site which is obviously the Pravda of B cash it says be cash organization start preparing for the November hard fork as the day draws closer to the scheduled bitcoin excuse me the scheduled be cash upgrade affiliated organizations are preparing for the hard fork data websites like coin dance have added statistics for future support upgrade voting and public opinion I link to that below to the data to the article it's November 15th so if you are interested in that be cash fork those are some places where you can learn about it link to below and again speaking about because I think Lorien is gonna be I'm gonna have Lorien on the this weekend Bitcoin show on Friday if all goes well he's in South Africa so it could be a big time difference we're aiming I hope he can make it on at 11 am USA time New York time which is a 5 pm Friday in Johannesburg and I linked it his sent be while its Twitter below if you want to learn about what he's doing over there and I think we're gonna have I think we're gonna have Francis from Montreal on the show on Friday also I don't want to jinx it now but we're working I'm working on getting you some good in it probably be at 11 a
m Baltimore time Montreal time New York time so Kevin Pham and was trying to play devil's advocate with the staple coins because yesterday was peak steeple day history of Earth apparently and he said let me play devil's advocate stable coins potentially allow people in countries with hyper inflating currencies to protect wealth in a us dollar derivative tell me why I'm wrong well that actually sounds pretty nice doesn't it well she goes on to say and I've been quoting jeeps tweets a lot he was on the this week in Bitcoin show on Fridays to check that out with two below aside from Dai all the stable coins are designed for first world traders like Austin like all statist they are designing their systems with locks and keys and doors to exclude people based on where their papers are from once your country has significant volume they will cut off access all right so yeah there's a reminder no this is not going to help the people from venezuelan from where from various other countries but they're not going to be allowed to play they're not gonna be allowed they're not going to be know your customer approved these are these are gonna be highly I mean these exchanges play by the government rules the United States you know if a bunch of people from vet vet as well start using it the US dot the government's I say although someone's trying to get around sanctions and even though it might be just regular people is they might they might fear it is way for big-time Venezuelan government officials to get around the the sanctions and they'll be like no no you can't don't shut out everyone from Venezuela from using the coin based able coin or the Gemini's stable coin so no it isn't it's a totally kyc essentially control that will discriminate against who you are for whatever reason they decide cuz it's their own private coin if their own they can do what they want to do that's what we're gonna have to realize you can vilifying for it for all you want just don't play their game don't play their game and for what I'm sure Kevin will agree with this – he says stable coins potentially allow people in countries with hyper inflated currencies to protect wealth of the US dollar derivative he doesn't believe that what Bitcoin allows people in countries with hyper inflating currencies to protect their wealth period and I'm sure Kevin would agree with that I'll leave you with that note found that like button ah and click on the squares at the end there bang that Bell button to get updates when I go live ah subscribe the channel I'm at emotion big formulations this rotmeister I will say hello to all you dudes that are in the chat right now Bitcoin see you later
