Hello everyone this is adam meister the BitcoinMeister the disrupt meister welcome to this very brave room welcome to the one bitcoin show today is October the 21st 2019 strong hand because next bitcoin sorry about the bitcoin offended by selling uncut the skateable personal responsibility is the new counterculture relentless alright my unique beast out there are you guys being unique beast hello my elite friends I got the shirt on it is bright in this room it really is it's annoying me kind of but hey pound that like button there's more to life than just the bright rooms in the white room with black curtains alright so check out the links below I am speaking there's an informal event on the 23rd here in Sydney Australia it's linked to below last night's event the crypto PIA film debut I will be talking about in a moment but I want to start out by bringing up a tweet by Jeet who's been on the show before of course many times remember how all of the wealthiest / smartest investors and in the know journalists were convinced that tether would collapse Bitcoin have they adjusted the way they process information since then I'm glad you brought this up G there we've forgotten this why hasn't tether crushed a Bitcoin the complete opposite has happened in fact we had this mysterious stable coin o how much it really exists is it backed by anything it will bring down Bitcoin it's what's pumping up bitcoins price bitcoins still here tether is still here and now we have something called fracks that they're talking someone wants to create what is fraks fracks is a so called fractional reserve stable clone okay so they're not hiding anything there's a it's not a one-to-one ratio backing up this fracks thing so they've taken it to a whole new level all the rumors about tether they're building into this fracks thing so I say this is great if people want to create a stable coin that's backed by nothing that's fractional reserve I mean it's like we've come full circle here that sup some people got into cryptocurrency because they didn't want to deal with the fractional reserve nothing backing up their money anymore okay but hey in cryptocurrency you can do anything you can you can create the old system in the new system good luck to fracks I wouldn't touch it with a ten-foot pole but I'm just it's a tremendous ecosystem and to say that because a lot of traders value their wealth in dollars and they're using and they're loving something called tether that it could bring down Bitcoin it didn't happen it's not going to happen and everybody seems to forget about the so-called experts that said it was going to happen what would happen to all those big talkers I mean they just move on to the next fine clickbait title and hey they take it from there so pound that like bun I see we I can do QA and I'm actually gonna answer a question from the other day – Val sent to Canadian dollars thank you he says hello my delete friends well I say hello to Val I say hello my elite friends and let me see if there are any other questions you just can type a bitcoinmeister I appreciate the support though that was very nice fiat freaked someone says yeah Adams dinner orange skins and marmalade no not at all actually I never had marmalade in my life but I guess you see some of the oranges that I had back there that you get a different view of as I was trying to avoid all the bright light I don't I don't like lighting in here I don't like it at all but there's no fancy sets and graphics and a lot of you a lot of you are listening to this on the podcast version u8u 20 percenters that doe you don't need this youtube nonsense and again support me over on anchor there's a link below I love the podcast the podcast are doing great they don't have magical wacky algorithms there that are trying to make it into the next cable TV but YouTube again you can check out Saturday's show I talked about YouTube that you choose larger goals they're trying to be really mainstream and they're not for the little content creators anymore and they're not hiding it so hey don't complain compete I diversified over an anchor I like it over there and and they don't take as much money when people try to send you donations over an anchor so I enjoy anchor I enjoyed the podcast check it out Sports Meister calm it all the podcasts disrupt meister comm te CH bah alt on twitter that is tech Balt and BTC moon guy says any updates on me on the aussie strong hand i mean i'm gonna talk about Australia there's some strong hands here there I definitely met some struck you know Adriana's a strong hand she's got a strong hand Tess has not cast ass has a strong hand why am I thinking about Cass Elliot alright alright let's see oh look someone's talking about death crossed in there dude charts that's for the 80 percenters pound that like button if you're worried about death crosses you're losing all your money so moving on again this is just a fancy term people forget about death crosses either they promote death cross oh the charts look bitcoins going down and then when it doesn't happen totally forgot about it not a bow it's not a measurement we should care about yes it is a measurement it isn't a stat you should care about death crosses ridiculous oh there's your charters you just paid but the charts that's the fancy set of graphics that's what gets the 80 percenters that's what gets that's popular but hey it's this is fitting in is overrated this is insider information no no death cross nonsense here all right so we talking about G we talk so crypt opium movie yes so I guess people ask about the Sydney strong hands I had the privilege of seeing the debut of the Crypt opium movie no it's not about the Crypt Opia exchange it's about let's go it's about cryptocurrency and Bitcoin and I linked to the crypt opium movie link so you can check it out it's debuting all over Australia and me the guy who put it together is his team they're gonna be feedback and people gave some interesting feedback in the tone vases in the movie king of the trolls was in the movie it needs to be edited down still and lots of potential and I enjoyed aspects they went into a mountain way where they have where they're storing Bitcoin that was pretty cool they toshi was in it that wasn't pretty cool that that was pretty lame but hey you got it that you're not gonna like everybody that's in the film now what happened that the movie was sponsored by a lot of local cryptocurrency related organizations amber came up with this guide to invest in a Bitcoin very professional I mean this is about being a strong hand amber is about and it's only available in Australia now and alex has been on the show before Chantal hasn't been on the show but she was there last night she gave this out to me she's great she gave this the very professional so hey they're spreading the word in Sydney with professional material like this encouraging people to buy the little bits of Bitcoin at reoccurring intervals with the Amber app and I respect that I say aim high a lot of people are like stat SATs okay good slogan this is the one Bitcoin show yeah I aim higher than that if you're just stacking stats yeah you're accumulates a big point it's good to start out with with satoshis so note two Satoshi nakamoto's and if there's only one Satoshi Nakamoto and nobody knows who the heck that guy is just a reminder for those who are a little confused about that still but I say stacking SATs you're aiming too low there one Bitcoin baby aim for one Bitcoin but this is a great amber app is not you can stack much more than stats on their SATs well I don't know how much more but hey I like what they're doing but at the same time I'm saying aim high and I like that they're spreading the word now so there's something of course in the Australian ecosystem you still have people that are confused about blockchain over Bitcoin and look here's a university or RMIT online change the way you think about studying we have the future of work starts here you've probably heard of blockchain it's the technology that powers a hundred eighty billion dollars worth of cryptocurrency industry but the truth is cryptocurrencies are only a small part of blockchains potential we here we're here to show you the big picture RMIT is the first Australian university to offer dedicated blockchain short courses developing blockchain strategy designing blockchain solutions developing blockchain applications and more who find out more at RMIT OE dua you alright this is a University and then blood you guys are I mean you're still talking this blockchain not Bitcoin nonsense but I thought I would share it you get out the flyer I'm just giving people a little taste of the the ecosystem here as they say and it was great to meet real people in person last night we hung out afterwards a little bit I had to get out I had to go to sleep um but it's but everyone's been very gracious here a lot of strong hands here and I look forward to Wednesday when I will be just will be leisurely hanging out at some bar thanks to two Hass and the crew and everybody should hang out with the they have events every the Bitcoin meetup here has events every every month okay let's see if anybody else left any other notes here BTC mu guy oh he's asking about the strong handed winner of the Australian Bitcoin auction from 2016 that those 2000 Bitcoin dude they've never moved that guy is the ultimate strong hand I don't know who he is hey dude I mean I'm in Australia mm Bitcoin a strong hand er if you want to hang out with me I don't know where you are but I'll be in Adelaide starting Thursday by the way I'll be there for a month so that would be fun he mean okay yes everyone's talking about the the Australian with the mm big one I collect I am glad that my my inside information lovers here you 20 percenters remember that there are so few people who do not remember that from 2016 that guy is such an inspiration he bought 2000 Bitcoin at the auction from Bitcoin was selling for around $600 the guy hasn't moved it he also has never moved his be cash or his be gold that's unfortunate he never comes her he lost out on that so who who is that magical dude who is that magical guy all right we we shall never know perhaps well we should we talking about stable coins we're talking about crypto Pia the movie not the exchange pound that like button and be cash having correction rocky my boy rocky in the LA area he sent a DM to me recently reminding the information out there in terms of the B cache having you go to these sites they have the wrong information so it had been calculated that Bitcoin the Bitcoin having now was going to take place before the B cash had having but that was wrong and I an ice I goat I share a link that shows that the be cash having in fact will be in 169 days it will still take place before the bitcoin having maybe it will add to the Bitcoin having hype but rocky is worried for big cash that it'll have it's having first it will in 169 days and by the way the site that lists the hundred sixty nine days away that we are from the be cash having it still lists the wrong date so we are so early in all in all this in this space that people create these stats with statistics and they still don't have the correct stats they they don't they don't fact check their sites correctly which is unfortunate but it is a hundred sixty nine days away it's not having May 20th the date they have listed you know proofread dude proofread we don't have proof readers in this space but Rocky is worried that it's having when the be cash having happens that all the miners will then go to Bitcoin and it will create havoc or be cash I'm not too worried about it we'll see what happens I'm more so interested in like hey they'll have they're having first and then people that that month beforehand more it will help hideout type the bitcoin having so Bitcoin having height remember you can do your part have remind everyone that it's happening because most people have no idea what the heck of having is or that there's going to be a Bitcoin having etc etc we've been through this before if you were here in 2016 like we will see it all happen again should be fun and come okay let's talk about the CFTC the Commodity Futures Trading Commission in the United States of America their head talbert's chair Talbert was answering questions at an event in DC I guess it was today and Nick Carter tweeted about this I don't care about that people who were articles about this I like what Nick Carter was there he tweeted about it he's and he quoted Talbert was saying he says he expects there will be other crypto assets that they give the etherium bitcoin treatment to labeling them as commodities and their speculation is is it going to be cash isn't going to be Ripple how does it seems to me they're picking winners and losers here if you say an altcoin is a commodity your permit you're allowing them to really get into all this magical financialization make all these products around them and be involved with a be a commodity be a commodity that you can play all these games with and what what makes some of these alt coins that you're going to deem a commodity worthy what makes them worthy of being commodities and not being uh you know not allowed to take this next uh this next jump into the world of but because if you're deemed the commodity a lot of people you're you're you're a super altcoin at this point okay you're an altcoin to the next level you're I should say a top-tier altcoin so how do they decide what's the top two your alkaline that's that's worthy of being deemed the commodity all right what goes on on the back there so that that's I mean that's the old-school way when of dealing with the government's how do they make how do they make these decisions why why won't be cash be chosen or why won't it be chosen we don't know we don't know interesting so that this is part of I've said they're gonna be tough to your halt coins and this this not so clear system is part of the the crowning of a top-tier altcoins that's why you value your wealth in Bitcoin you don't value your wealth from the winds of a federal authorities who for some magical reasons pan they're holding some of them maybe they deemed some to be top tier all coins in commodities all right moving on this is that some people one person is completely complaining about block Phi and I have warned people you know these loaning organizations for Bitcoin and giving you interest they might be they might have great guys behind them some legitimate backers but why give up your you don't when they control your private key you don't control your Bitcoin more okay when you know why even risk it so that there was a guy who had some serious problems with with block by and you can read his tweet he said I'll never use block Phi again for a personal loan why why are we even doing it in the first place and the best reply that I've retweeted like which Bitcoin ur in their right mind would send these guys Bitcoin a hundred percent risk for 6% return bad trade hold your keys wait for moon found that like fun but that's I mean I it's personal responsibilities a new counterculture the dude didn't he didn't end up losing his Bitcoin but he ended up very frustrated okay you learn your lesson don't gamble on these interest-bearing sites these loans sites just hold your Bitcoin so you don't need loans you don't need the loan and other people Bitcoin and once your three News have said my friends and I just graduated college this past May we have been accumulating non-stop since 2017 dude and now we actually have jobs from my perspective Bitcoin is huge among my generation I hope it will be I i-i think it will be among the 20% mindset guys III I said I hope it will be I know it will be among the 20 percenters but there are so many young people today that it's gonna take them a while to even wake up to the fact that they are 20 percenters when you're young when you're under 25 you want to fit in and all sorts of social justice nonsense out there that of wasting people's time and I'm glad you didn't let that get in your way and you're not trying to fit in and you jumped into this at ASAP and yeah man 2040 well what's up what year is this yeah 2040 having you're gonna be in great shape I'm not really and you'll still be a young dude that's what that's that's my point of bringing up 2040 having there did no one else worry about that we're talking to a young college guy here and someone had a question the other day bitcoinmeister this was from Pfizer Inc one bitcoinmeister and I see it till afterwards don't you think it's worth at least owning a little bit of an other altcoins Bitcoin be cash for instance all right dude all right dude you must be new to this channel you value out the Bitcoin you don't diversify for the sake of diversification he went on to say how persuasive on king of the trolls is in his uh mindless debates that he always wins you're falling for it dude you're falling for it you don't buy something that you get for free okay yeah he king no trolls have been very persuasive the entire time down the entire time down no it's not worth at least owning a little bit of another altcoin and wasting your precious Bitcoin on on it in fact it's counterproductive and you lose the only thing that I guess you're gonna gain is the experience to know that you got completely jobs on it and that you should never try to do something again so if you need to learn a lesson a hard way yeah then by waste your precious Bitcoin on some alt coin and then end up very sad that you lost your Bitcoin on it okay so I don't recommend doing that and it's not worth its I don't believe in diversification for the sake of diversification and I don't and I feel bad for the people who fall for the nonsense that king of the trolls preaches out there but good luck to the be cash people they can say what they want to say and he's very persuasive and dude your question just shows that people are going to keep on falling for it you want me to say it's okay to do it it's not okay to do it but there's so many people out there just like you who are just tempted by the fruit of another talent like button that's a line I heard somewhere okay so moving on moving on any more questions yeah all right and if you want me to see your questions dude you got type of bitcoinmeister there or do the super chat so we're talking about block by I mean for me buying an altcoin actually is the same thing as giving your money the block by their justice they're just as silly to me in my head just as so you get free people if you want interest you hold your Bitcoin and you get crypto dividends you get B cash for free that was interest for all ass big coin holders yeah we have this it's Twilight Zone The Twilight Zone is is real 80 percenters live in this Twilight Zone where they they they do think so inefficiently they waste instead of just saving they spend over saving and saving provides everything they dreamed of through spending Twilight Zone is probably the right the wrong word for it let's move on a delayed I talked about a delayed oh here's an unfortunate there's a video link to below about a guy and this is going around the the men going their own way circles and I saw it on humans channel and maybe vention have seen this guy – I am an who was living a pretty frugal lifestyle but wasn't really saving my and clearly hadn't heard about Bitcoin from I mean I don't know this dude unfortunately this this man found out he has cancer and now he's begging for money on his YouTube channel and you could say I link to his video below so you can you can send him whatever vention is here now vention you check out that link below about the I think you heard about the guy's got cancer in his leg he's got her he found the tumor in his leg and he's saying how it you know he is very little and that it's gonna end up costing him you know eighty thousand or between eighty thousand a hundred thousand dollars and if you can survive and it's not it's bad it's bad and I'm why I bring this up on this show and not the Saturday show because savings is important this man had no savings Bitcoin is the new savings account there are so many guys in this guy circle gloom and doom errs who knew about Bitcoin for a while and God forbid they get sick but some of these doom and gloom errs just got so caught up in the doom and gloom soap opera they never actually acted so it's still early you can still create a savings account for yourselves people all right don't don't get caught up in these doom and gloom soap operas be frugal be frugal live a frugal lifestyle but have a savings account have a savings account so that if you do have it because life comes at you hard sometimes and yeah emergencies happen that's why you say that's not that's why you don't spend like a man man I don't that guy insane this guy is in a pretty unique situation so again the base best savings account ever devised by man the most secure form of wealth storage on the planet think of it that way and then if you do God forbid get into a situation where you're ill one day you you won't be working you won't be in panic like this guy is I mean it sounded like the guy was almost crying now complain I don't blame him I don't blame him to being an emotional dude getting emotional like about this life-altering situation you know and we have a guy like vention who also he has cancer but he's p say he was a he loved gloom videos but he just didn't treat it like a soap opera he bought Bitcoin and vention is in complete control of his destiny now even though he's got cancer people there's certain people that are like coal vention off hope you're alright and you you should watch him he is so happy he's in control of his destiny he's saved so it shows you the importance of saving and this guy's so what's this guy's video if you're a person that doesn't believe in saving and you might might change your mind it might change your mind because the dude is he's begging now um and yeah alright so what else do we have here no one has it okay that's it alright remember god river god ah let's see oh this week a big coin I might have this week a big boy shoes they might it's um in Australia that whole date thing is messed up we might have some earlier in the week as long as you have it on a I'm gonna have a little fridays anymore we'll see how that goes I'm up for change I'm up for change here the bisque the bisque people sent out this is very important if you guys use bisque they're making changes over there they are making and they're making good changes I think bisque is a great tool is a decentralized exchange no kyc stuff over there people have been able to dump very script of dividends over there because of the new trip and I hope that MWC will get on there they say because it but click on this link if you guys are using bisque right now because it seems like you could make a mistake because of the new trade protocol coming in version 12 you will need to complete all trades complete all disputes disable open offers not delete just disable before updating the version 1
2 this is critical we will remind again so guys if you've got stuff on this now don't blindly update it you've got to take care of business before you blindly update before you and finally I like this thought theory from Neil woodline who is going to be on this week in Bitcoin probably this week he says what some people still don't get and this is linked to below what some people still don't get is that this market is driven by an ever growing army of sovereign retail investors who buy up the most scarce asset in the world and sit on it they're learning the truth and checking out the system in waves they're also impulsive institutions might buy some Bitcoin now and then but they are even more degenerate than your average bit mechs Pajama trader in the in it for the flip they'll pile in with the rest they are not checking out any systems they are the system alright the old system I have to say this the old system will survive and the institutions in it are welcome to jump jump in and out of Bitcoin it's going to be fine so neo points out very good point there's some people that are sitting on it but there are a lot of people they don't care about this being a new system and all they are in it they're jumping in and out of it in waves they are very impulsive that is the nature of the other traditional markets to jump in and out jump in and out they they're not they could care less that that system is going to be a revamped by Bitcoin supposedly they're using their old systems and so this this analysis is such as something good to take something to take in something to keep in mind something to keep in mind not everyone's got a strong hand in fact being a weak and is very common even among the large institutions and the traditional retail investor or many many types of retail investors all right check out that tweet yourself I've retweeted a while ago it'll be interesting to talk more with Neal would find about such such matters coming up all right that's it no other questions i am adam meister the bitcoinmeister the disrupt meister remember subscribe the channel like the video share the video bang that bell button click on those squares I will say hi DG's in chat now Bob
