Hello everyone this is adam meister the bitcoinmeister the disrupt meister welcome to the one bitcoin show from an undisclosed location today is October the 9th 2019 Yom Kippur is over I'm still dressed up for it strong hand long term thinking uncomplicate able bitcoin is the next Bitcoin value your wealth in Bitcoin one Bitcoin equals one Bitcoin offended by selling alright yeah you get a new show here every single day here at the bitcoin meister channel this is the one Bitcoin show welcome to it yeah you can ask questions I got a lot to talk about though today I think only on the agenda Friday show is this week a Bitcoin and it looks like Gabriel Devine will be the the guest of honor on that show oh oh hello my elite friends are all of you dressed up in your suits or are you wearing your Bitcoin t-shirts oh yeah I got people been sending me these things got some new ones lined up to wear get them below before I go to Australia there'll be some new ones debuted here most definitely and support the show by retweeting me I'm tech Balt te CH BLT on Twitter retweet this show check out yesterday's show know if a lot of people got to see it it was rushed it was quick you can see I got that Bitcoin conviction doing this thing every day even when it's Yom Kippur alright where are we all right so this is inspirational tweet right here and before I read it let me turn this light off I want to turn this light off yeah that light off let's turn this got all sorts of lighting issues okay Dan held says it's no wonder some crypto people deride holding their minds have been molded by Kenzie Kinsey an ideology that they find it inconceivable people would stave instead of spend currency that is a very professional way of saying that 80 percenters are gonna do what 80 percenters are gonna do I don't know how many of them have heard of Keynes but Society has been influenced by that Keynesian philosophy that ideology of spend over save so that was a nice way of putting it I have always said stave overspend and pound that like button one two three notes go pass do you ever think there will be a situation where the dollar inflates in a single 10% in a single year hmm not hyperinflation but this might freak some people out and drive them into BTC I it's not impossible not impossible that that's a 10% inflation rate we've had a ten percent inflation rate before I can't say never again I know I I don't at this point I don't see it happening in during the next decade will it happen again in the future what it could happen it could happen but I'm not holding my breath and I'm not worried about it at all dude III don't think it's I don't think it's very likely in the next decade and I'm in Bitcoin anyway so if that were to happen it would it would definitely would wake some more people up to get in the Bitcoin if the United States dollar if we suffered a ten percent inflation rate during a year if there's really official statistics oh yeah it would bring some up it would bring some Bitcoin into Bitcoin yes Adam almost 12 am
here there is no di't there is no night in Bitcoin yeah I don't think there's no there's it's always a day for me man I'm always it doesn't matter what time it is yeah it's it is midnight here on the East Coast here in Baltimore I like this suit man I like I like this I don't you get to wear a suit for you guys but this is what I was wearing at I was wearing this all day so I didn't take it off I came straight to this undisclosed location and where I come where I am on Yom Kippur this is where I am at the undisclosed location and there obviously are kids around here somewhere aren't they I think they're sleep okay moving on let's let's move on though let's move on what do we have here once there is a lot of news this IRS stuff is absolutely ridiculous and I didn't find out about any of this until I get home you know so I took me like two hours to prepare for the show because I had to read all the news but you got to stay up-to-date with news people pound that like button and when you watch this show you don't have to do all the research I do it for you you click on the links below you you learn for yourself Jake J sure Vince key said the SEC has rejected big wises Bitcoin etf proposal while the outcome is no surprise the SEC went beyond the call of duty issuing an excruciatingly read detail a hundred twelve page order that needs that reads like a darning indictment of bitcoins market instruct structure notice how I didn't say the D word oh yeah no cursing on this show yeah they spent a hundred twelve pages detailing why they weren't approving this etf now that's not a shotgun on improving the ETF 112 pages that's ridiculous of course I read all hundred twelve pages rip no I didn't didn't read a page of it yeah seems like they cared a lot about this one what could I say they they're getting more interested in Bitcoin if they spent one hundred twelve pages on it but yeah no shocked that it wasn't it wasn't approved so I thought we I've always said that I've said in the past that SEC that Bitcoin is just you know they don't really care that much about it clearly they're starting to care a little bit more a little bit more about it I still don't think it's that big on their radar but a hundred twelve pages you know it's it's more than it was in the twenty sixteen let's put it that way so here's a tweet from Matt Alberg who has a very interesting website I forgot the name of it but you know click on his link you go to the website a lot of people are talking about it lot of stats on it he talks about the Hong Kong that recently in Hong Kong it's that the Hong Kong dollar has clearly been used a lot more to buy Bitcoin and he's gotten this information from local bitcoins calm but a lot of people were saying this is because of the political situation there but he got insider information and by the way this is your home a Bitcoin insider information found that like button this very channel he got some insider information that he's pretty sure is true that fit that it was one big trader that caused this tremendous spike in Hong Kong dollars flowing into Bitcoin which i think is great and he didn't and again the person didn't care at all about the politics there they just were buying Bitcoin because it was cheap hey I think that's a great side there's somebody in Hong Kong spent a lot of unkind dollars on Bitcoin just because it was cheap not because of political situation there so I just got sent $499 in this super chat by Dan Williams Thank You Dan Williams and he said the hoist of og bitcoiners no fancy graphics but a sharp looking suit pal matte like button gold and hold count your wealth in Bitcoin dude yes value your wealth in Bitcoin Dan Williams thank you for the 499 Zac Bandera also said looking sharp buddy yeah maybe it should I wear a suit every time no come on I'm a t-shirt guy you know that you know from my private school days how I craved to get into college to wear a t-shirt yes that's why I wanted to go to college because in high school in old school we were not allowed to wear t-shirts at my undisclosed private school pound that like button elite private school oh yeah you better believe in Baltimore you want to go to elite private school enough public schools whoa all right I think he meant the gist of the og bitcoiners or I'm the what's the oyster mean Oh ist am I am I like am I too fasted out to not know what that word means I don't know hey hey Dan Williams thank you Dan Williams dead all right we're getting to the IRS maybe I'm wearing this suit because I just want to look good for no you think I want to look good for the IRS no way I want to look good for Hashem today okay when I went down to shul no I mean you you wear a shoe you wear a you wear a suit when you're in sure you wear a tie on Yom Kippur it's you know the holiest day of the year come on all right IRS all right so the IRS you've heard it by now it came out with some supposed clarifications of the tax situation with Bitcoin but in fact when it came to the crypto dividend aspect of it it wasn't very clarifying in fact it added a lot more confusion in fact it revealed that they're pretty confused about what a freaking fork and an airdrop are in the first place it did remind everyone that you shouldn't be playing in their realm you shouldn't be getting into the fiat realm there's clearly they don't understand the Bitcoin realm but they do understand that Fiat realm so if you're one of those big spenders and likes to turn your Bitcoin in the Fiat in the back in the Bitcoin and back in the Fiat and then back in the like Oh in that back in the Fiat and this then the other your that's not good they understand that they all understand this crypto dividend thing okay so I'd link to their actual press release I linked to Jeff bandru jr the accountants interpretation of it I would like congressman Emmer for Minnesota to get some more clarification on this he he wanted this in the first place I don't know if this is what he exactly wanted was is not much clarification the best tweet that I found about this situation was from vortex he said best luck enforcing that so here's the issue one of the interpretations is that if you own Bitcoin or aetherium and all of a sudden there's a Bitcoin fork or an etherium airdrop I mean I've gotten aetherium address okay big and I have seen over time all these crypto dividends appear there I didn't walk them but according to this tax information but they were just airdrop there he theorem it's really easy to airdrop tokens onto aetherium addresses really easy there all sorts of I talked about them on past shows well according to this IRS thing one interpretation is you have to pay taxes on that ridiculous absolutely ridiculous people can't people they got be gold have to pay taxes on the value of be gold at its height because you know when V gold first came out it was worth hundreds of dollars you know BTC bene pointed that out you know they don't know what they're talking about over there how is it going to be enforced indeed best of luck enforcing that as vortex and that is the best tweet so they don't know what they're talking about there but I'd say this if you're worried cut contact congressman Emmer in Minnesota tell them to get some clarification think though I think it's it's not a clarification at all what they had what they have let loose it's creating Fudd I think maybe what they want to do is just have people self-report have people report themselves overpay do whatever there's there's there I don't think they from what I'm reading here for their lack of understanding do they have a bunch of people dedicated to tracking down who got B Dimond and who turned to be diamond into a Bitcoin and how much the B diamond was worth when they did you know or or if you got B dot are they tracking down every single person who got B diamond and didn't do anything with the B diamond and they're going to have to pay taxes on the B diamond I mean it's the same so I agree a vortex good luck enforcing that we shall see how this progress is they got they got bigger uh they got bigger issues to deal with over there I mean they got bigger they're they're they're they're big fish that they can they can get okay again if they want to get if they want to tax crypto people you know coinbase that that gives them all the information namely they need what's the darn saying I'm even looking for I don't know you know it all right yeah the only clarification how stupid they are yeah that's pretty much it you know Chris black says it's pretty clear that they simply don't understand how hard Forks work particularly that anyone can hard fork at literally any time and that's the thing people make jokes out there yeah I'm gonna create a crypto dividend now and I'm gonna and then I'm going to send my private keys over to everybody at the IRS or the specific political figures so now they'll be responsible for it they'll have to pay taxes they can control the private key alright um so yeah what is that I think what's the saying that I'm looking for about people saying bigger fish to fry uh the having show sent fifty Norwegian kroner thank you dude Bitcoin stock the flow ratio in 2028 is yeah one to two hundred forty eight is it that oh yeah it is I think it's that high you know that's Bitcoin t-nuts was talking about this on that this we could pick only show so I advise everyone get the specifics from mattis link to below one to sick a goal there's only one to sixty could Bitcoin market cat grow four times as large larger than gold in 2028 love from Norway well yeah basically you're saying what a Bitcoin Tina sound Michelle I don't know if you watch through this week in Bitcoin show or not it's a long one it was one and a half hours played at 2x but he was specifically almost said word for word what you said in this maybe you're quoting him I don't know but thank you very much for the support check out the having shows channel he's a big fan of having x' everyone should be a big freaking fan of having x' 20:28 he's talking about hey man we're almost at 20/20 here uh hey Adam I missed you man oh you didn't say anything that guy usually that's the first sentence you've ever said that made sense dude thank you found that light button first sentence that guy's ever said that made any sense was what I just read thank you very much for making progress okay um I don't know how it dude missed me I'm here every day remember that I'm here every day if you missed me you just you bookmark this channel you can come here at any time all right we talked about all right strong hand wild day ahead of us people I I read on coin desk of all places CEO Facebook CEO Mark Zuckerberg to testify before Congress over Libra cryptocurrency the House Financial Services Committee announced Wednesday that was today that Zuckerberg will testify mark this date people I will be in a Sydney Australia on this date October 23rd during a hearing entitled an examination of Facebook and its impact on the financial services and housing sectors Zuckerberg will be the only witness so people it doesn't matter what Mark Zuckerberg says in terms of Bitcoin but people are going to freak out that day it could pump bitcoin it could dump Bitcoin mark it on your calendar October 23rd Maxine Walter waters and all her friends who knew nothing about Bitcoin or cryptocurrency will be harassing Mark Zuckerberg to no end will be virtue signaling trying to show all their 80% are constituents but they're beating up will the mean old billionaire who wants to create his own currency and you know you gotta be a CEO you see uck and love the US dollar only only we have the right us uh you know US Congress people to say what should be money oh yeah so you should hate on Zuckerberg who mate who was a creative and a genius and made and made a company that changed your whole freakin lives and made your lives better and even made our lives better but we want votes so much we'll just attack the rich whenever we want to and we don't know what we're talking about all right so yeah that's what the hearing is about and the markets are gonna freak out and so maybe they won't but you gotta be prepared with your strong hand don't come running me on October 20 thirsty and what the heck is going on what the heck is going on is it because your ex-girlfriends birthday was October 24th how do I remember these things that that the Bitcoin prices don't yell no it's because of Zuckerberg not because of that yeah all right so cavil varus – Valda Chris nice illusion value Ralphy Bitcoin not in redhead ex-girlfriends pound that like button don't you think it's odd that the IRS wants to see our records each year but 80 percenters don't ask to see the report of where our tax dollars are going no I don't think that's odd at all I think that's 80% are gonna date for centers don't care with the Garmin does for their money they would we want to be in a situation there would it be Bitcoin 80% are scared with the UH with the government with their body with their tax money they're such see you CK's they just picked they are addicted to the welfare dollar so they're addicted to whatever the IRS is gonna do all right okay that guy now the guy's not making sense anymore the person the I said it was making sense beforehand for the first time 80 percenters are gonna do what they're gonna do get gamblers don't make sense I mean that's it's totally irrational behavior so when a gambler says one thing that's coherent you you you pointed out all right will you wear the Ted DiBiase suit when it moons I mean what's your interpretation of when it moves I wear the Ted DiBiase suit this suit this is not a Ted DiBiase suit that I didn't pay very much money for this Ted the ah see where's a freaking Gucci suit of course from like 1987 or something like that and and you know it would be a it be a $3,000 suit in 1987 he's attending Aziz got great promos if you want to waste your time on YouTube watching wrestling out promos from 1987 or 88 or whenever he did them I don't know anything uh one two three dusk but so this is it this is this suit what does this cost me like a hundred bucks or so I forgot what it cost me now it was cheap I got it at the warehouse or whatever but it looked nice I needed a new suit you know I treated myself to one nice thing semi nice thing and I'm still cheap about it please you got a safe I want to know what is I want to get any gucci ted dibiase thing but but going back to ted dibiase a great character a great a great name to name your Tresor you know I know some people have done Slough stuff like that and no I when it next time it breaks the all-time honey I'll be wearing my t-shirt dude I gotta be down I'm the maid I'm Adam Meister I don't dress up I don't dress so much okay I was able to get a bit one two three no skip says I was able to get point one five Bitcoin for my be gold oh great you just told that the rx1 had a hard time tracking down those transactions also thanks for the advance about cryptic advice about dividends it was well worth it found out like button dude this is where you get that insider information ah please don't FOMO an alts brother Tavel said I don't know who he's saying that to but yeah don't don't FOMO that's one of the themes of this show if you're FOMO not alts you're gonna lose your Bitcoin dudes value your wealth in Bitcoin alright so let's go back to Libra and the great duty in Israel who no doubt was having a very relaxing time on Yom Kippur everything shuts down there on Yom Kippur people don't even drive people were telling me how amazing it is maybe one day I'll be there for you I'm Kippur you never know but he said he was talking about the leap there's a there's these people that want a fork Libre Libre doesn't even exist yet and people want a fork Libre they want to create something called Libra and aoudi rightfully points out the only leap the only thing Libra has going for it is Facebook without Facebook it is nothing so here we go the the article link to below new Libra fork will create permissionless stable coin free of corporate control that's such a gimmick 30 different blockchain companies and nonprofit organizations plan to fork the Facebook LED crypto project to build their own permission land permissionless version dubbed open Libra dudes it's nothing without Facebook you take away Libra from Facebook what's the point really that Libra with Facebook they're like gonna give it out to billions of people you create your own Libra if people are saying well you didn't and the things that people are building on Libra they could build on the fork of Libra also yeah so what think that most of the people receiving the Libra okay that are going to be loving it are gonna be loving it because it's entangled with Facebook they're not gonna care what you can build on it they're gonna be like Facebook money Facebook is printed its own currency awesome so you fork y'all what's what is that like a fake facebook facebook currency a fake centralized Facebook currencies it's for duty has a good is great I agree but hey let people experiment if they want to fork it off well saying that they're going to fork something off that does not exist yet hey maybe put some more pressure on it actually existing and I want it to exist I won't leave her to exist and it's just amazing that people are talking about forking it already and it doesn't exist and it's amazing that people are you in Israel planning the build so much on it and it doesn't exist now get it they're building stuff on it purely on it okay that that's a little different than saying we're gonna fork it off and then we're gonna build some stuff on that fork Eric lund brought brazo has this tweet here I want to make sure I'm not skipping thing well yeah this is a good one the term scam by the way I see that tonight ties n has has tweeted something out with my name in it with tech ball in it and its controversial I guess I'll talk about that tomorrow now going back to an eric Lombroso lambreaux italian last name that that's the term scale lacks nuance i propose instead something like hubristic lunacy I love that dude for crypto projects that may have started with good intentions but went way over their heads and are now heavily oversold on promises they cannot deliver like yeah one day this Libre fork Oprah leave open Libre will become hubristic lunacy it's not a scam it's your mystic lunacy all right that's a great word for it because a stamp is brick connect that was a hubris igloo see that was a scam but most of these other things say they're gonna take over the world they're gonna be the next best thing since ice cream yeah it's it's a lot of hubris there and his frickin lunacy hubristic lunacy someone said he's in Baltimore they must be talking about me cuz yeah I'm in bother for now I'll be in Australia on the 17th so yeah the cool thing about the time zone changes I'll leave Baltimore on October 15th and then I'll land on October 17 I won't have in October 16th which is actually the birthday of if a few people I know someone that's a close relative of mine all right don't want to say but oh three years I bet plenty of people born October 16th is very interesting and it sticks in my mind because usually around October 16th or 13 14 15 and 16 there have been tremendous rainstorms in Baltimore and when I owned a house it would freak me out because it would cause lease in the roof and I am so glad I don't have to deal with roof leaks around October 13th 14th 15th and 16th and I do want to say another thing my father of blessed memory was born on October the 19th so that's another another good reason I remember October 16th because my dad was born October 19th which is a a good day to be born I'd say anyway moving on and I I'm not gonna say telling you too much about October dates I had another close female born October 18th but unlike my ex-girlfriend that that close female was actually my age instead of being eight years younger than me oh yeah you gotta go younger most of the time but again don't value your wealth in fact value your wealth in Bitcoin I'm telling you about a past time all right now what are you gonna do I mean yeah if you're a young dude interesting the ladies and stuff it's better to be and have a few eight years on them it's the younger ladies like older guys and that's why you make it happens you gotta be patient in life you gotta be patient you get older eventually you get some years on them you know when you're when you're 20 when you're 21 you try to get a 21 year old it doesn't work out too well you're 29 you try to get a 21 year old there that's it works out pretty well now moving on where are we all right the Tour de music but Val you're wellthen big coin but again if you're 86 year old and you have some Bitcoin yeah you'll get some 19 year old step now tab that nut Bitcoin all right pal bat like button about that Bitcoin core dead oh this is uh don't even have to talk about this this next one was this in my title now talk about ossification next time this is show has gone along I want to go to sleep soon privacy stable coin I like this prediction from Nick Carter we haven't had that gimmick yet a natively private stable coin will likely emerge to challenge the transparent ones out there privacy gives traders a genuine economic advantage in this instance dude I like stable coins at all but you you've got your finger on the pulse they are dude yeah why not create a Manero style stable coin a Z cash stable coin why not all these people in the stable coins in trading why not have a product otally private one it'll happen nick is a smart dude good prediction there I had not heard of that gimmick yet a private stable clone why combine all the gimmicks because guess what you combine all this dick gimmicks bitcoins still the next Bitcoin one Bitcoin equals one Bitcoin and I'll leave it off with this tour to mr tweets holy I thought my computer froze I wouldn't be shocked it's an old laptop you know I don't pay you know when I remember when I was in Colorado and the guy in Denver we were at the event and like Thomas Hunt was there and vortex was there and they were just laughing when people see my laptop that my guys where you do your show yep alright found it finally finally you're getting all sorts of personal information tonight and by the way Saturday's show I'll I'll share a lot of personal information because it's it's been a very interesting time of year here but off going on obviously tomorrow's the last day I say cottage for my father so that will be very interesting traditional in busy the morning that part of the morning period will be over the cottage period so traditional torna mr says traditional investors need to see this I say I say that turtle investors need to see this graph that van act came out with that tour de Meester has put out a small allocation to Bitcoin may significantly significantly improve portfolio upside illustrated in 0
5 percent 1% and 3% scenarios so what I just did the portfolio word that's a dirty word for me because again I don't believe in crypto portfolio but what he's alluding to here is that traditional investors do have portfolios made up of all sorts of financial instruments ok and Grethe the chart from Vanek shows that if you you just have a small allocation of 05% 1% 3% Bitcoin this is not much it can make a big difference it can yeah it significantly improves your traditional portfolio upside and as bitcoiners as people who are trying to attract gold and holders here or stock and stock dudes here whatever you want to call the traditional people we should have spread the word about this tweet about this chart this is something they can understand there's a lot of them really what the heck's Bitcoin I don't understand will you tell some of these dudes this is a way to significantly improve portfolio upside without taking that big of a risk there you go look at this chart dudes dalit why not Alec 85% why not 1% 3% why not dudes that's how you that's how you tell so I like that I like that a line of thinking together they're gonna come eventually they're gonna get in here eventually there's traditional guys and because you have the insider information because you feel comfortable before them you get you you you get in now you don't want to get in after those dudes wake up to the fact about you put 1% in Bitcoin all of a sudden it could be worth 10% of your portfolio and you're a lot wealthier alright elite goodbye my elite friends goodnight my elite friends i'm adam meister the bitcoinmeister the disrupt meister I'm not ted dibiase but some say I have some something in common with him pound that like button bang that bow button check out all the links below click on those squares that you see check out yesterday's show it was really short do that right now before you go to sleep if you're awake wherever you are I wonder what the score in that playoff game is right now I'm gonna go check that why not I value my wealth in Bitcoin but you can take one second for baseball just to check the score don't waste your time on it though bye bye
