Hello everyone this is adam meister the bitcoinmeister the disrupt meister welcome to the one bitcoin show today is September the 23rd 2019 strong hand unique beast value or wealthy bitcoin having height one bitcoin equals one bitcoin offended by selling bitcoin is the next bitcoin hello my leap friends welcome to the show follow me on twitter te CH b alt check out all the archives disrupt meister calm the beyond bitcoin show was great on saturday and fridays this week in bitcoin with guy swan christian and jeff van drew was also awesome this friday caitlyn long will be on that this weekend bitcoin show so prepare for that i'm giving you plenty of time to prepare she'll tell us what happened in wyoming and all sorts of all sorts of great discussions no doubt about it hey yesterday's show thanks for the support henry law you said 50 hong kong dollars to me and anyone can do that with the super chat or you can send just retweet me that that's a great way to support me tech multi sees reality but Henry law of the Hong Kong dollar fame long live Hong Kong the next 100x altcoin won't be any of the existing ones he says many bag holders of old 2017 alts old 27 oz are happy to leave at their break even points new alts have much for your room for price discovery well I think you mean newer alts uh will have more gamblers gambling on them and we have no idea which ones will 100 X and it's totally insane to gamble on them but there'll be one that does better than current alts so just hold your Bitcoin tell Matt like but alright oh man so out of Korea we were just talking about Hong Kong there thank you Henry again but there is a new wallet the Descent wallet it's a hardware wallet biometrics authentication built-in fingerprint scanner adds convenience and enhanced security for access control and fast transaction signing I found out about this because of when I was doing my research on the a Wyoming event that just happened and they were there with their wallet and it looks pretty cool to use a fingerprint to work your hardware wallet that's that's a little bit different than the Tresor so I link to it below tell me what you think about it hey compete don't complain I'm glad there's there's more competition in the hardware while at space I had not heard of these guys before again they're out of Korea decent wallet comm link to below with your fingerprints and it's great biometrics alright so let's go to another part of the world I'm taking you all around the world I just also wanted to see roller coaster of love for some reason found that like button roll acoustic alright now I product probably thinking of another song it's about going around the world but I'm just thinking about roller coasters alright South Africa's banking strike what you need to know according to the banks alright so people who work at banks in South Africa are gonna have go on strike on Friday the banking association and we'll tie this in the big coin well first of all Bitcoin never goes on strike pound that like button the bet I mean that's the one of the bigger takeaways from this but there's a little bit more the banking association South Africa basa says that its members are taking the necessary precautions to minimize disruption and inconvenience customers ahead of the proposed protest action on February the 20s I'm good on Friday the 27th of September the statement on Monday yesterday basa said that banks will be operating as usual on that day however in case of unavoidable disruptions at branches betting customers should as far as possible make use of digital banking services it's said the Union is upset with the increased digitalization of banking practices hmm it's caused significant retrenchments and many of our major banks including 1200 job losses at 91 standard bank branches the workforce have had enough and unless groundbreaking interventions are made by the end of the week a banking shutdown will grip South Africa now you know South Africa's pretty status you know I wouldn't be shocked if eventually the the government mandates that all banks has to have to hire a certain amount of bank tellers but banks are realizing they don't need bank tellers anymore in the United States I bet we won't have bank tellers at all by the end of the 2020s there might be people who work in the banks but they're becoming useless I mean everything can be did you everything can be turned into a machine a machine give you everything and so these people were angry in South Africa they're gonna go on strike okay let them go on strike but is Bitcoin forcing its gonna it's gonna put pressure on these guys in the future to digitalize because obviously bitcoin is totally digital so is that the regular Fiat banks are competing with something that is totally nimble and digital hires no one needs no needs no employees to work correctly you save your money in Bitcoin you save your Bitcoin you control your own private key you don't need anyone to look at you don't need the withdrawal it you didn't need though to log into some website to access it and maybe the websites down because the bank got shut down Bitcoin doesn't run out bitcoin doesn't have bank runs a bank run could happen because of this by the way because some people are worried they're not going get their money they might pull all the money out on Thursday who knows what could have what could happen there but it's interesting to to see that maybe no maybes and if these banks want to compete with Bitcoin they're gonna have to become more digital which will force them to fire more people which will create more angry union members etc etc so that there's your little time in there but the bigger biggest takeaway is that Bitcoin does go on strike and if you're in South Africa I don't know why you still have a bank account with Rand in it I really I don't I don't get it man I mean you just have a credit card paper stuff can't you alright if you need to use Fiat and well you you do need to use for yet sometimes you gotta buy necessities I understand that I understand that all right so you did you do these something ok yeah if you have a well now I I don't get the that the way a crypto is right now we Bitcoin is right now you could set up a system already where you don't need a bank in something I don't here's a better here's a better statement if you have a bank account in South Africa you should be keeping as little Fiat in there as possible use of your savings in Bitcoin of course that's the bottom line of this whole channel forever moving on back started we're live found that like button they said no I said that the first backed Bitcoin futures trade was executed at 802 pm
last night at a price of ten thousand one hundred fifteen dollars now Zhu xu says fact will likely back will be likely first a trickle and then a flood the reality is that most regulated futures contracts get low adoption on day one simply because not all future broker's futures brokers are really are ready to clear it many people want to wait and see the tickers are not even populated on wrist systems etc okay I mean you know you financialization people you can play in realm I'm glad it's happening in Bitcoin welcome welcome to the big boys back if you want to play with back play with back for me I keep it as simple as possible just buy and hold that Bitcoin on your on your store on your hardware stores or device maybe now biometrics maybe thumbnail thumb thumbprint who knows but but in that thread that's talking about that some guy and this is this this is a and this is all link to below this is traditional advice here I see where this guy is coming from he says it's wise to have a percent of your assets with a regulated custodian this is called risk management alright do pre Bitcoin this may have been true but man you be your own freakin custodian dude I win it's not risk management you're you're letting a custodian control your private key that seems to be increasing risk in my mind if you're letting someone else could turn your private key yeah that's Bitcoin is the opposite of what you think you should but but I will say this you traditional investors some of you are just going to blindly do what you've always done what this guy said you know a but to have a percent of your assets with a regulated custodian you're gonna keep all your Bitcoin with a regulated custodian probably some of you people but you know that is that is not risk management you a Bitcoin for me bitcoins you supposed to be your own bag you're supposed to control your breath do you trust yourself do you not trust yourself it's you know trust yourself it's better than trusting a third party a custodian man all right so yeah that's some old-fashioned advice that Bitcoin that just totally up ends and reverses all right JW weathermen had a very interesting tweet out there that goes into the the realm of the wrench attack I know there's so many people ask me about the wrench attack because you know just so many people in this world know that you some regular dude out there who's never really publicly said they own Bitcoin so people know you have Bitcoin for some reason and they're gonna Jack you on the street because they just know you have Bitcoin and they're gonna start beating the heck out of you because they know you're Vic I mean come on people we're so early in this game Kent if you're a Bitcoin you really don't have to worry about the wrench attack if you're not a public figure if you I mean if you're just some regular Joe you got Bitcoin you have a half a Bitcoin somewhere the French attack I mean you really just got to be and you see that's the thing people start worrying about these far-fetched attacks and then they're keeping their Bitcoin a coin basis but but for some people that you you know I think JW and his twins talking about people but there are some people who publicly have made it publicly stated that they own Bitcoin and so I still I think there's people in this day and age still are pretty darn safe walking on that I don't wanna jinx anything but there's just not that many robbers yet who are really into the Bitcoin type of thing I mean if you're like huh don't crack you just break in somebody's house they don't care if your own Bitcoin they just want ten dollars okay it's something they can they can give you know I think there's some more sophisticated robbers or they get steal your car but you know Bitcoin really it's not really a thing yet once it does become that you do price of Bitcoin is gonna be quite high it would be worth their while they'll be a little bit coins worth it's in the six-digit realm I better learn how to rob these things and targets is anything that so this advice that JW gave will be really good then Andy and I don't want to underplay things you can still get wrenched attacked especially if you've made it public I mean someone could trick you like hey let's hang out I love you and you you're-you're so I mean like some people who value their wealth in women and value their wealth in Bitcoin they could get you they could be in a bar one day and some woman approaches them and that's how they could end up being French attack so in that case if you own significant because with a datum if your own significant Bitcoin and don't always carry a handgun you're ignoring your most cost-effective option okay so I mean he's got a legitimate point out there for all these people trying to worry about how much they have to spend to have the same computer model of storing their Bitcoin that that trace manner has I mean the most effective you know the most effective way of protecting yourself from really losing your Bitcoin but again if you get your treasurer it's safe but then if you've got your treasurer where somebody comes up you know knows that you got it on you and can physically harm you and like put you in a headlock and say you're getting everything out of here you're sending it to this address well yeah the handgun is very cost effective very I mean it's it's pretty cheap but that's a one-time cost you got it down now in some again be careful I'm not telling you to do this because in some states is illegal and everything like that but he is very good for always carrying a handgun you're ignoring your most cost-effective option yeah against the ranch attack that is a that's the most cost-effective option there all right dudes you know vention he's uh he's he see then she publicly states he's got the Bitcoin you don't know what his real name is of course but at the same time he's always showing he's got a freaking gun next to his Bitcoin so and he's a dude alike he still worries about getting wrenched attacked I think he's got nothing already trust me it's almost thing about wrench attacking a public figure and they see one of those public figures is always like brandishing a handgun on his videos they're not they're not gonna work then I can't try to find out who he really is okay i'm adam meister the bitcoinmeister this rut meister right that's not really remember to subscribe this channel like this video share this video check out the links below found that like button bang that bell button and yeah click on their squares shirts like this you can get linked to below also some ways to support the show see
