Hello everyone this is adam meister the bitcoinmeister the disrupt meister welcome to the one bitcoin show today is October the 15th 2019 strong hand bitcoin is next Bitcoin value your wealth in Bitcoin uncomplicated all offended by selling oh yeah we're gonna talk about that today a new show every day even when I'm about to travel to Australia in a few minutes alright hello my elite friends check out all the links below disrupt meister icon follow me on twitter at tech Balt I'll get back to tweeting when I land in Sydney hopefully uh and I want to say that since they're here Sydney if you're interested in going to the events they are linked to below the 23rd at 6:15 pm
I'll be at a meet-up that's the Adam Meister meetup in Sydney it's all linked to below and yes where do I have here oh yeah so let's let's move to the topics of the day I mean I've been thinking about this a lot lately Oh first of all pound that like button and go to yesterday's show adoring yesterday's live show people were unable to pound the like button yeah some fluke with YouTube and thus it didn't have enough likes and not nice it's it's a vicious cycle when something like that happens so go over there watch yesterday's show it was a good show and pound that like button for yesterday's show and for today's show but it was a fun show yesterday's just like something was wrong yeah you guys deal with the punches so hey I'm trying to uh trying to fix that situation by getting some of you guys who missed the show because others didn't pound that like button that usually would alright so let's talk about big connect big connect well why are you talking about big connect well because I am wondering at the height of the big connect wildness and they were other there were other Ponzi schemes going on in crypto currencies that the 80 percenters were piling into at that time at the height what percentage of people in cryptocurrency were just in straight-up scams what percentage of the money in cryptocurrency was just in straight-up stam's like bit Connect I mean it is it's it's fascinating to to think back and to think I mean if it was couldn't have been as large as 10% I mean that is here that that is just so big but with that in mind and what was the high point I'd say it was at the end of 2017 maybe the beginning of 2018 who knows in terms of 80 percenters it just gambling straight up but one thing that we have to take in the account when we're thinking about the the past bit connect and and that maybe you 10% of all crypto people were into scams like that it will happen again people gamble people people want easy solutions and they want overnight easy solutions they don't want a long-term think they want it now they want to get wealthy now and so what is the next big connect what will be the new bit connect and when will it appear and what will that mean for the overall the larger cryptocurrency market and for Bitcoin but eventually when everything one of the I'd say eventually when they pop it they've run back in the Bitcoin or they run away and get in the Fiat but when these scams are a running hardcore people sunk they have to buy Bitcoin first to get into the scam and maybe some people will end up stuck with some big not stuck but with some Bitcoin because they were trying to get into the latest and greatest bit connect 20 so what what is the next bit connect only time will tell I've got my popcorn out waiting because of course I'm not going to get into it and what I'm going to love the most about the next bit connect and again it will happen is when people like me are warning and saying hey guys this is the next bit connect you shouldn't end into people that will be replying see Adam you just don't get it you just don't get it just like with big connect you just don't get it oh I got it and what I got was the real thing one Bitcoin equals one Bitcoin valuing my wealth and Bitcoin did it mess with the gambling ahead why don't you stand bow a little bit I know it's a Ponzi but I I'm gonna get out on time people said things like that all right pound that like button on this show and yesterday's show wish you can watch it disrupt meister comm and what and it's linked to below so yeah i know why a lot of you are here to watch this so king of the trolls on the this week a bitcoin show he apparently watched my this week in bitcoin show and if you don't know who king of the trolls is he he used to be a big promoter of bitcoin and then he he helped found uh be cash he's the main guy behind be cash i don't say his name because all he's become as an infomercial for big cash now he's been on my show before and in the what he's referencing in the comment that he left on my this week in bitcoin show was when he was on my show before and he says correctly atom doesn't even use bitcoin for payments so when he was on my show back in 2017 before be cash happened he was saying you know you're not a real Bitcoin user because you don't use it for you don't use it for payments you don't use it holding isn't using it again i said holding was using it but i was proud and said no I don't use Bitcoin for payments and to this very day I am offended by selling I am offended by spending Bitcoin why spend my precious Bitcoin when I could spend dollars I had dollars I get dollars YouTube pays me in dollars I use that to buy stuff okay I would why use my big point about who cares that I don't use it for people he cares still to this very day he comes back to in a video where I'm interviewing Gabriel Devine I mean where Gabriel it has nothing to do with P cash at all and then just leaves that comment and links to a clip he made of when he was on my show which is great he can clip my show that's fine I don't have any problem with him you know coming to my channel and leaving a comment like that and and thinking that it's a bad thing Adam doesn't even use Bitcoin for payments I am proud of that what what let's say back in 2017 when he was on my show if I was a Cu CK and I was all a son like you know what I'm changing everything because Kimmy the trawls is so pretty and he says the same thing over and over and over again and I feel the peer pressure just to spend Bitcoin I'm going to start spending my Bitcoin to fit in to that and just show that it's it's a real money and that you know spending over saving is the way to go in life I'm going to spend my Bitcoin I'm going to start spending now so in 2017 what would have happened if I would have spent my Bitcoin in 2017 I mean how horrible would my life be right now if I spent all my Bitcoin and just you know fell into that because all of these be cashiers they'd love the show you know Jeffrey Tucker he shows how fast is you know he can spend his Bitcoin oh look I sent it in two seconds to buy coffee I mean so I mean but where's the savings where's the long-term thinking I mean that's cool that you that it you can send it fast that is great that's great that you can do that but you another thing these guys don't seem to want to recognize he's that clearly clearly the market has spoken over the last two years you why do some people deny the market reality on the ground that they have been talking about spending spending spending that this is that it was Satoshi meant Satoshi Nakamoto wanted everybody to spend this is the best way to spend we could buy coffee and why why is that why is that going down and value so much in terms of Bitcoin why has it lost so much back why has Bitcoin gone up and down okay what is what's going on here why are more and more people to where I go they talk about Bitcoin bigquery's more popular in be cash this is not just that something that's happened over the last month over the last six months we're talking two years here over two years here since he was on my show and there's just sometimes you gotta say you know what we didn't win we're doing something different we've got a different selling point why we're gonna just improve on what we have why do they have to come over here to tell me how great they are I don't I don't really get that I think they can do what they want to do they're free to market themselves but there comes a point when like this is silly this is ridiculous what when he's saying Adam doesn't even use Bitcoin for payments nobody uses Bitcoin for payments and nobody is using be cash for payments relatively speaking people use fiat for that stuff okay fiat right there that's what's been going on the left now can things change I'm no bitcoins the next Bitcoin but if you think things can change they work hard on your be cash market it compete with – compete with all the other coins that are trying to be a way to spend okay means a transaction medium of exchange okay yeah just just do that you have fun be proud of it and and and but I am proud that I do not waste my precious Bitcoin on coffee that I did not do that back then that I did not turn in my big change all my Bitcoin in the beat cast just because be cash is faster and you could buy things of because I mean I'm so happy there's the reality if you would if you would have done what was being said to be done back then you're trading all your Bitcoin for be cash now he didn't say that on that video but people were saying that eventually I mean you would be so what what huge regrets you would have in life at this point so and it's it's very interesting um a lot of altcoin errs means that just because they just can't they don't want to talk about the reality on the ground they don't want to talk about the on-the-ground reality that you travel around the world people were talking about Bitcoin and and then some are talking you know some are doing things with aetherium too and you know I'm gonna take a mention that the Bitcoin max some bit I mentioned this before Bitcoin Maximus sometimes can everyone's guilty of not being able to at points admit the reality on the ground you know aetherium is gonna die nobody used no one does a theory I'm no one cares about a theorem but the reality is you travel all around the world there are people working on ethereal there are and good for them good for them that's not my thing at all I mean when I was in Israel I met a guy because I had the Bitcoin shirt on and he's telling me about all these in aetherium interest and how he's building stuff on aetherium and he didn't know he didn't own any Bitcoin you know and so it's great it's great but yeah there is we can't force people to change their minds okay and you know you don't have the point when you do have to say well you don't have to say it but maybe you can fake it like okay they were right and I'll just leave them alone and I'm gonna try to make my coin the best thing you just try to shame people into switching over like oh you don't sell you don't you you don't use your it's bet for spending and you don't use it for payments I mean this we've moved on from names two years ago and you come back to remind me of that and I don't think that's the greatest approach to to converting people over because the reality on the ground clearly shows that I was correct that I holding the big coin was a good thing to do the market the value of Bitcoin compared to because it's all all of these factors like these people are blind to these factors and so at the time of the interview there were two sides in the big in Bitcoin there were the spenders versus the savers but the spenders all left for be cash so why come back and try to take over our institution be happy with your institution I've mentioned this a comparison on other shows it with with Eric Weinstein I was talking about he got kicked out of Harvard he's a genius he wants to come back to Harvard to take it over now start your own Institute you've got your own institution same thing with king of the trolls why come back to over here to our side of the fence and trying to take over Bitcoin okay who you shouldn't care about Bitcoin care about be cash market it any way you want to market it trying to guilt people into it or saying they were wrong when they were right probably not the best approach but good luck to you and thank you for I mean you didn't curse or anything like that you you're usually the guy is pretty polite the guy is a great he can he does influence people the way he either way he debates he just says the same thing over and over he's very persuasive he can be very persuasive and so that's why you go you know you let him on your show it turns into an infomercial and it's just a waste it's a waste of time and I just spent I just spent a lot of time there gave him a lot of attention but he came over here so hey how you doing over there king of the trolls good good to see you and a good luck good luck to be cached good luck to them I really it doesn't really bother me what they do spend this you know if they if everybody if that becomes the main spending crypto and me great fun if you beat – okay that's cool good good luck good luck and I hope it does go up in value for the people that are that happened it doesn't really bother me because I know if it if it's going up in value big way this definitely is definitely going up in value and bitcoin is the real big one bitcoin is next Bitcoin he didn't try to say in that comment at least an intro I say be cash was the big was the real Bitcoin I mean when people do that you correct them no bitcoin is the real Bitcoin okay found that like button rocky rocky out in uh in California the right great rocky Palumbo left they sent me a DM and I I'm really keen to a Nick Carter tweet from a while ago that talked about this rocky and I had discussed this offline and he says that ironic that it's bitcoins massive amount of new hash power and be caches lack of growth that's going to save be cash from having and having an early having so for those of you not familiar be cash was going to have they're having before Bitcoin but at this point because of massive amounts of new hash power on on Bitcoin it looks like the Bitcoin having will now be before the be cash habit having so the be cash having if they were gonna hike that up it won't uh it won't be hyping up the Bitcoin having was a Bitcoin having already what have happened was I liked it I I kind of like that the be cash was gonna have they're having before the big point having that it would call more attention to like okay we're having they're having but then the real bitcoins gonna have is having like in a month well at this rate that's not it looks like Bitcoin will have it's having before the be cash having so that's interesting to be aware of that B has a tweet that I was going to I've been meaning to mention for a while it reminds us about negative interest rates and a certain point we're gonna get to a point where you're gonna be able to borrow from banks as consumers a negative interest rate so they're gonna pay you they're gonna pay you to borrow and and this is what he's referring to but I gotta remind everyone of something if you borrowed $10,000 from a bank at a negative and negative point five percent you have to pay the principal every month if you don't pay the principal every month if whatever the minimum principle is and that's factoring in the negative interest rates which subtracts from the principle it does subtract from the principle in your going to default okay and they're gonna come after you and they're gonna charge your fees and you know you got to keep in mind you it's it's it you might say hey this this is this is free money here but no it's it's not exactly free because if you don't pay if you don't pay a back that's you're in trouble I mean you still got to make uh they're gonna take your collateral they're gonna take whatever you whatever Clara you had there's always some sort of real Bank there is going to be some collateral when you're taking a loan I mean they're not just gonna give you a loan based on nothing so you take you take out a home equity loan and they're paying you to do it but then you're not making your payment's they're gonna take your house so please keep that in mind because there's a lot of people are saying wow I can't wait for the time when the banks are just gonna pay us and it's free money it's not free money it's not free money it's negative interest rates it's the principle that they help you bring down the principle payment there with the negative but you gotta make your payment's so what what he's suggesting here is this is the this is the quote and they're gonna be high fees especially when you don't pay I said if you fall behind I'm sure the fees will be gigantic they'll figure out some way of doing it but and you know to the loan origination probably those fees will go up too but let's just say it happens let's say it happens that you're into taking out loans and negative interest rates in the future who knows how soon that will be in Europe in the United States but forget about Bitcoin mainstream adoption he says Fiat to Bitcoin carry trade is the next step in Bitcoin growth okay Thoreau Fiat against negative interest rate at negative 05% buy Bitcoin and future Sal against 12 percent annualised rinse and repeat alternative writing call options arbitrage blackhole okay so he he is suggesting doing something I think is absolutely ridiculous taking taking out loans to buy Bitcoin and then selling that Bitcoin to pay off those loans very soon afterwards it don't play that game you know don't don't III don't want to get people into debt here and everything like that but he does stop people are going to do that people are going to do that and it's going to be very tempting with with the negative interest rates framing of everything and people screaming that you have free money and when it's not really free money but say hey that'll be good for Bitcoin that there will be people that know how to do that and some people that don't know how to do that that that will be a taking part in that activity in pump and it'll help the price of Bitcoin we've said that before the negative interest rates will will will help will get people it'll it'll wake people up to get them in the Bitcoin that this this fiat thing is gone way psychotic I mean negative interest rates are not a naturally occurring phenomenon this is something that people have created on their own and made completely it makes our sense anyway but people it will happen it will happen just a and it will work well there'll be a look the the banks will be able to pull it out off the government's will be able to pull it off people just keep on buying into it they keep on wanting stuff the spenders keep on a spending so that is why they buy the argument of king of the trolls and it just it keeps the fiat monster going and going and going and I think be cashiers should take that into account that people fiat is very convenient for people and if you're just trying to be the next Fiat just a faster Fiat then I don't know I don't I don't think you can be I don't think you can beat that US dollar at the time who knows who knows because you're still centralized on a certain level also alright that's it everybody pound out like on banging a bail bond and I'm an emotional bitcoin meister the disrupt meister not prep for today's show I hope you enjoyed it remember new show here every day and click on their squares and the next show will be quite late at night on Wednesday night on in like Los Angeles time probably I will be in Sydney by then have fun everybody
