Hello everyone this is adam meister the bitcoinmeister the disrupt meister welcome to the one bitcoin show today is October the 28th 2018 strong hand long-term thinking um confiscate a bull bitcoin is the next bitcoin offended by selling check out the links below if you want t-shirts treads or affiliate links are below everything i talk about in this show is linked to below disrupt meister comm tech ball calm follow me at tech bolt on twitter remember New Orleans on December 3rd and 4th I will be speaking at the digital currency con-com that's linked to below and there's a use the Meister discount code to get 20% off and then I'll be in Los Angeles from December 5th to 12 and then Tel Aviv starting December 13th and of course I'm saying I would Chile right now I'll be here until November 20th and then I'll be in Baltimore from November 21st to December the 2nd I guess and I'm from Baltimore originally if you check out every since shows here this week in Bitcoin was incredible on Friday it became a battle now I and I didn't set it up to be a wild debate I don't like the Bates ties and Lauren Lauren Gandalf and Francis were on and yeah it got a little wacky you can check that out link to below and yesterday's be on Bitcoin shadow that was pretty good again disrupt meister calm so speaking of a Friday's show this tweet by Matt Odell which I mean he just tweeted us out on his own it's the perfect reply Friday's this weekend Bitcoin patience censorship resistance isn't easy or cheap you can always set you can already send censorship resistant payments relatively cheaply today using Bitcoin it will get easier and cheaper over time as the ecosystem develops conservative development is crucial strong hand people be patient that if you watch Friday's show you'll see we should just tweet that out in the middle of show so another tweet by Matt Odell that I like if you don't trust your government the value proposition of Bitcoin becomes extremely obvious Russians and Venezuelans are currently driving the largest share of local bitcoins volume worldwide they are using Bitcoin to opt out of dysfunctional governance and again so Bitcoin has a use case so they're for the people who say oh I want to be able to buy coffee with it now now now no right now if you don't trust your government trust your Bitcoin preserve value your wealth and Bitcoin preserve it and pound that freaking like button all you people out there okay so Alistair Milne retweeted something and he also said so many brazen outrageous frauds in crypto pretending to have credibility experience yeah there are a lot of those and Forbes and what he's talking about on the cover of the middle-east version of Forbes is a guy named Ezekiel Osbourne and fluffy Pony says Ezekiel Osbourne is not one of the original Manero core team members that started the community-based stewardship of Manero nor has he ever been involved with Manero in any way until today none of us had ever heard of him well this Ezekiel dude who has nothing to do with madero in the story says that he was one of the founders of manera and forbes Middle East publishes this so there are people and so what else did he put this dude on the cover you know that he's such a great crypto guy this Ezequiel dude what else is he lying about okay people are just straight-up frauds in this space they will lie about anything anything that can be proven to be a lie with ease like that you know of course fluffy ponies if if he's gonna read that someone was was there with him at the beginning of Manero and he wasn't there it's easy as easy to prove that that's that fluffy is right and that dude is and I'm about to be his fluffy fan in the world but this is this is ridiculous that this guy and they put him on the cover so this goes back to my point that there are a lot of liars in crypto you gotta be really careful who you believe even when there's a nut it's on the nice fancy cover of Forbes middle east oh my god your Saudi Arabians are getting some false info all right so uh yjk says happy Sunday and he sends ten dollars in the super check dude it is a happy Sunday I'm a happy dude I try to keep it positive here try to keep you dude safe remember be careful of the frauds of crypto so on a somewhat related note on a clickbait related note clickbait for the masses I think that's a good way to describe crypto man ran of CNBC South Africa the guy is about creating big headlines and often he gets carried away he's been on my show before I've been on the show before a lot of people can angry at him cuz he's pumped up I cos he said X Y Z he's the next greatest thing this is gonna go to 60 kgs and he's wrong a lot cuz he goes for these major headlines and so the other day he says he's got information on a coin base IPO oh my I can't believe this I'm like dude you and keep saying these things you can't keep saying that he's thick well he I guess it happens it keeps getting away with it because again clickbait for the masses clickbait for the 80 percenters they forget it they are happy they're click of it they'll follow him he's got it he's got it going on I mean that's one approach to become big in crypto I guess if you want to become big in crypto you can be like that the other guy you just straight up make up horrible lies and get them covers or you can be like Krypton man ran and God stretch reality and make big predictions and have all sorts of people on your show that are somewhat if he but breaker mag dot-com nobody believes crypto man ran and that's really great for Bitcoin i link to that article below it is an interesting article and i would disagree that nobody believes i would say that most people believe him because bigger in the space because most people in space are 80 percenters and they just wanna they want to hear they want that confirmation that their coins gonna do well or that bitcoins neck not the next bitcoin okay that one Bitcoin does this but Rand does not value his wealth in Bitcoin or he does not present himself in that way at all I mean he's all about trading any and he's so he's appealing to that impulsive behavior of the 80 percenters it's a trading show it's a and so he's got to say big things he's got a people coming out with big big sir no there's no IPO for coinbase there's not so big breaker Matt calls him out on that and I'll link to that below but I will say this you gotta check out the Twitter feed at breaker mag it's just break her mag BR EA ke r mag they've got some good stories they they're a hard-hitting organization that I've just started to find out about and they're gonna call out they're gonna call out things they don't like and they're straight up man they're not they're not clickbait verbs they are not click Bader's alright they're not no they're not click bait for the masses so they're not for the masses they are for the data is a thinking man's magazine a thinking man's a Twitter feed they're 20 maybe strong hand pound that like button so on the show only this weekend Bitcoin show that went totally out of control that you gotta watch on Friday from Friday the I quoted the beginning of a I don't like coin desk articles they're very clip baby okay but this one article the first two lines the article inspired me and they were crypto needs a killer app and a better sales pitch the average consumer just doesn't care about the centralization and I agree with the average consumer doesn't care about decentralization the average consumer the people out there we're trying to have they just spend spend spend they don't save a darn thing all right they don't care about the centralization and no they want to just spend their welfare dollars getting big-screen TVs so the question is in the Bitcoin space should we be worried about those people should we try to appeal to those type of people okay and I sting no no we don't we shouldn't try to go out of our way to make it easy for them to use Bitcoin on big screen TVs and wasteful things and to make it easy for that this is we Bitcoin right now caters to savers not to spenders and that's a beautiful thing and so I think if you watch that this weekend Bitcoin show some of the guests thought you should cater to spenders and some of the guests thought you should cater to savers I think you should you should worry about you shouldn't worry about the spenders it will come eventually okay that's second layer solutions that's lightly Network you don't really vamp Bitcoin to make it to cater to spenders that is what be cash is and judge for yourself how successful that's going okay gay cater to spend okay Dave they said we don't want to be with you anymore if you're gonna cater to savers if you're if you're trying to make this a strong uncopyable unsensible new financial asset we don't we don't want that we don't care about that we want people to spend spend spend so there you go there you go that sums up I think the show and what I think of the Friday show what I think about this and again does Krypto need a killer app a pillar app will come something will come that's fun that will get all sorts of people piling in okay the mass that will get the masses the POW in that will happen does it need it now it doesn't need it now no it needs to go slow and Bitcoin does at least be methodical make sure it doesn't break don't do anything rash okay just maintain a steady path of beat and and just being an uncomplicated ball asset where you store up again focus on a store value focus on savings okay the spenders will come naturally okay long-term thinking and so yeah again I can talk tie some things that tie was shouting out there were very impulsive very impulsive type is i thinkin he's a traitor and he looks at it from a different perspective so speaking about him impulsive this is a tweet from Alistair Milne he says imagine selling $1 for 85 cents because you believe something you had read online and panicked hashtag tether yeah that happened that really happened first of all you shouldn't have been about valuing your wealth and tether you should have been keeping your wealth and tether but people freaked out because of all the tether fun and some people did sell or tether for 85 cents on the dollar there cuz all it is is supposed to be a dollar and then they were scared it was worth less than a dollar yeah it happens when you're you're going back and forth between coins and tether and this and then your and you believe in everything you read on the Internet all these these funsters out there bitcoin punishes the 80 percenters okay it punished and that is a punishment from Bitcoin because had they been in Bitcoin they they they won't have to worry about things like that but since they tried to get out of Bitcoin we're trading Bitcoin for like coins for this coin for that comfort tether jumping it they got punched because they didn't value their wealth in Bitcoin Bitcoin punishes the 80 percenters yeah hey personal responsibility what can I say just don't believe everything you read on the web don't get carried away but by everything you read on the web but I mean if you're just storing your Bitcoin on your treasurer then and you've got a strong hand you think if you keep it simple long term and simple store a value you're you're good to go dude and you don't have to worry about all these bumps on the road but they're not gonna be bumps for you you're just gonna be sitting there watching and laughing insane yep Bitcoin punished another 80 percenter here's another man O'Dell tweet alternatively chains that don't support trust list cross chain swaps with Bitcoin we'll have a hard time competing with those that do in the short term long term even those chains that do will have trouble occurring value when users can just hold Bitcoin instead so ok there'll be a time in the short term for the chains like litecoin that support cross chain trustless cross chain swamps with Bitcoin they will have an advantage over other coins they will be more big the friendly art friendlier your chain is toward Bitcoin and and he's saying in this and he's saying in terms of cross chain swapping but in terms and in other aspects of cryptocurrency also has through the friendly re-educate your changes toward Bitcoin the more likely you're going to have success that your price will go up in the short term in the long run though every people will realize that why not just hold a Bitcoin why even have this what's the point of having this point it's friendly toward Bitcoin that's easy to have trustless swaps with it but why not just have Bitcoin so there you go that's a matter Dell tweet they're so low we are in if you value your wealth in dollars again value about the big point one big points like this one big but for the last week or so and again the BitFenix premium is slowly disappearing too but for the last week or so there's been like no volatility a Bitcoin low volatility we have had a volatility vacation like nothing of the recent two years at least okay it brings me back to the days of when you know there would be a big deal of Bitcoin might not $50 in a day but of course it was totally worth like four hundred dollars ten so this is really low volatility in terms of if you're if you got your wealth in dollars but the rollercoasters coming back guys this is just a blip on the radar we're gonna look back on this as a vacation because you gotta have a strong hand because okay in the future there might be a day where it goes down by sixty four hundred dollars if it's like a hundred thousand dollars and fidelity gets hacked or something like that so we will look back and laugh like Oh remember that time in 2018 the Bitcoin price was only going moving like $30 a day and everybody was bored supposedly you should not be poor there's so much there's so much to look forward to but this is this is practice to strengthen your hand when it does jump around by incredible amounts just think back to now say like what because one day the future Bitcoin will not be a volatile asset anymore in terms of terms of dollars you're probably around 2028 or something it's I don't I don't think it's gonna be after 2020 having that's not gonna make it that's not gonna decrease volatility on a long-term basis I think I'll be after 2024 if not after 2020 again these are things I look forward to so no we're not in this new it's not going to be low volatility or no volatility forever it is it's gonna go crazy again in terms affion so I don't know if there's anyone predicting saying this is the beginning of the end of volatility I haven't heard anyone say that yet but just putting it out there enjoy your vacation from volatility finally finally from Jimmy song here is an interesting tweet if you leave Bitcoin because you don't like how you're treated you really don't understand sound money the fact that enemies use the same money is a feature not a bug and I have you know he really put it in a nice way there I've said that before that no it's great it's great day someone you hate can use a Bitcoin to you and get your if people you hate need to buy a Bitcoin they need to buy a lot they're making you wealthier if you're a holder that's that's a beautiful thing Bitcoin does not discriminate this it's not discriminate enemies are going to use this thing and and no there's no central authorities that could say I hate you you can't use this it's beautiful no one can stop the most vicious people in the world from using this thing or the the nicest people in the world from using this thing and they're gonna have to both deal with it that there will be people buying drugs with this there are people saving babies people you know do do it all and again I met doing all sorts of nasty funding nasty stuff for this but then funding just glorious stuff – hey that's that's awesome so yeah Thank You Jimmy that's a good way to wrap up the show bang that Bell button if you need a reminder when the show goes live if you like that type of thing click on those squares and that shows the most recent shows you can check that out if you're watching this tape i'm adam meister the bitcoinmeister disrupt meister remember to subscribe this channel like this when you share this video check out the links section below pound that freaking like button I will say hello to Victor and and F and based and all these other people that are in the chat right now see ya
