Hello everyone this is Adam Meister the bitcoinmeister the disrupt meister welcome to the one bitcoin show today is October the 31st 2019 happy Halloween strong hand long turn thinking uncomplicated ball bitcoin is next bitcoin are you guys in motion I know I am I'm going to talk about someone that's in motion five-digit realm personal responsibility is new counterculture oh yeah I am offended by selling hello my elite friends we're gonna have time for Q&A today so if you would have some questions just type in bitcoin meister and i will see it you can do a super chat also I will also see that and appreciate that and I'll answer your bitcoin cryptocurrency whatever related questions here in Adelaide Australia where it's already November ok so I want to say tomorrow on November 1st back in the United States in the afternoon this week in Bitcoin tune into this very channel every Friday this week in Bitcoin the very special awesome guest David nage and I'd link to him below you should follow him he's got experience in family offices and family offices control lots of money for very wealthy people and he's gonna tell us if some of that money's gonna flow into Bitcoin into cryptocurrency this guy is a Bitcoin believer but he's also in the digital assets and we're gonna quote I'm going to quote a report of his below and I'm going to talk about some of the trends that are going on with the new money that's flowing into the space and how its unfortunately more and more money is going to more and more custodians are going to be coming the space because things are getting complicated entities want to diversify for the sake of diversification when they should just be buying big coin that's that's the best win out there but hey they're gonna do what they're gonna do we're gonna talk about that in a second but David is really a great great guest so I really encourage everyone to tune in he's got his own podcast maybe some of you have I hope some of you has listened to it before but he's a real smart guy and you'll learn a lot tomorrow this week in Bitcoin David engage is the guest so it's been 11 years since the the white paper Satoshi Nakamoto white paper was published I'm sure all of you read it back 11 years ago right pound that like button but seriously so coinbase is celebrating and they have a report out that I list that I linked to below and according to coinbase they use a poll I think from a few months ago and this is not this this is I do not believe in these numbers they say 27 million Americans are Bitcoin whether they say there are now more us Bitcoin users then there will ever be Bitcoin in circulation so the poll says that nine percent of all Americans nine percent of all Americans are Bitcoin users I have no idea what that means I know 27 million people in the United States of America I I go around talking to Bitcoin to Americans so many things have no clue what it is that's an exaggerated number it it cannot be 9 percent yet maybe that's how many people heard of it they're answering the poll incorrectly do they actually hold a Bitcoin any 9 percent of Americans use Bitcoin have held Bitcoin at one point is that is that what that means because I strongly disagree with that so I pointing out this report for a number read but because people love these glamorous numbers they'd love to exact no one really actually goes to research the numbers get a second opinion on the numbers they did go with one poll and just keep on repeating it over and over again it's that's quite common in this saw in this space it's a new space and there's well it's nebulous I'll people really don't know what is going on what they will have a better understanding of how many people are really into it it is new and that's great just when you hear a number like 9 percent of all Americans 27 and it sounds so great it's set for a person that has one big point remember this is the one big coin show if you have one Bitcoin and you hear that well there's already 27 mm that's really 7 million Americans that have it and that means just in America alone although current users will not be able to have one Bitcoin then I mean I must be in great shape yeah you aren't rich if so something like that encourages you to get one Bitcoin that's awesome but I do doubt I doubt the numbers but well it's a growing space 11 years since the white paper will get will get more clarity one of these days more reliable polls best part of Adelaide so far someone asked me it's just really relaxing very peaceful it's it's a big state of calm big city and I've just been left alone and I think that's the best face Sydney I I love Sydney but I had again I was very busy there I like that it's it's relaxing here that that's that's the best part for me this has been a hectic many hectic aspects of the last year and I'm glad I'm as we get closer to November 20th that and that's when things got real hectic for me that things are really calming down and or relaxing so this is a great way to tie it all on but there's more but hey there's much more to come after this there'll be a lot of craziness once I get back to America I'm I'm into the craziness – I like I like the break and you know I feel quite free out here that there's answer your question town that like button Australia is beautiful it's it's a cleaner safer America me saying yeah but man it is so safe to walk the streets here in a major city let's so let's compare let's compare this is the sixth largest city in Australia in terms of population in the six largest city in America is either Phoenix or Philadelphia it goes back and forth it would not be this safe to walk the streets of Philadelphia 1:00 in the morning like I was I just think I was walking around last night I take an evening walk here sometimes it's not till 1:00 in the morning 12:00 in the morning whatever no you wouldn't feel the same doing it in the middle of Philadelphia or or Phoenix for that matter although I've never been to I've been to the Phoenix Airport never in the Phoenix all right moving on I hope you're playing this at qx– people a lot of people tweeting on Twitter follow me on Twitter at Tech ball tch blt that they're playing these podcasts these shows at 2x hey make that be efficient with your time dude be very efficient with your time I feel like I have more time here in Adelaide also okay I recommend it as a place to visit for Americans it's beautiful now what one thing that I another number from this report that's just so happy coin bases happy report that big coins 11 the white paper is 11 years old more than 55 thousand nodes essentially computers running the Bitcoin software are connected to the Bitcoin network nodes are the fundamental source of truth through the Bitcoin ledger and are responsible for recording and validating transactions while the Bitcoin network could theoretically operate on just a handful of computers more nodes increased the centralization and that's why I'm reading this whole thing and security by allowing anyone with a computer an internet access to run a node big coin allows anybody anywhere to have a vote in this global system they got that 55,000 number from of the loop – jr site you can go there right now and see he says the 55,000 Bitcoin nodes all over the world they there's other sites that say it's a it's closer to 10,000 because those are listening nodes Luke – jr
says it's all about it doesn't matter if you're listening note or not it's 55,000 and this far surpasses other uh you know be cash bsv and they are centralized that way and creep it keeping the BOP block size small it lets anyone run a full note and keep up keep everyone honest there so I really like that number in the report 55,000 notes keep them coming keep it keep it growing people decentralization decentralization alright remember if you do have questions I just stumbled upon that we'll just type in bitcoinmeister there now let's talk about David named David nage who's gonna be the guest tomorrow he says he's got a report out there actually retweeted it current market overview of digital assets by David nage an overview of the digital asset landscape for family offices and institutional investors so this report is pretty good because it makes it thumbs down some use that where it simplifies things like the having and other and not to be scared about Bitcoin that it didn't crash that it didn't die for these family offices and institutional investors because something that David points out is that many family offices I mean these are building of billions of dollars they think bitcoins die they they're freaked out by the volatility suppose about all they they've read the headlines and they don't they don't dig much deeper in that that's unfortunate that's up so this report is good for them but it also talks about decentralize finance and what is the security tokens yes security code it's okay these are buzzwords and we've heard of this and a lot of this stuff is based around aetherium based on aetherium and it's growing it's growing I mean decentralize that and so these institutional investors these family offices the people managing their money they're all right the guys in charge they they're used to diversification for the sake of diversification they can't just buy Bitcoin so what they are into are these two buzzwords especially especially the decentralized finance okay but in order to properly manage it if you're gonna manage Bitcoin that's not too hard to do and that's what I say keep it simple people stick in Bitcoin you put it on your treasure or that's it you're managing your big moment you don't have to do anything but these family offices these institutional investors they need returns they need constant reports and if they and they need to diversify unfortunately so the map is very complicated for them and they can't just do it alone they have to they they can't tell their people funding them like oh yeah I'm just holding everything on a on a traceur no and first of all this decentralized finance nonsense and these security nuts tokens you you can't just keep on with the Tresor so this creates the need for custodians so it's a vicious cycle the custodians the the more things get complicated the more custodians are necessary okay and the mortgage stories there are the more comfortable these financial traditional financial offices are going to be and they're going to buy off they're going to get more into diversification for the sake of diversification because they're gonna see oh they're cuz the custodian is doing a great job of managing my my decentralized finance assets or might decentralized finance companies whatever it might be and then they'll tell they're up there other their other family offices will feel more comfortable and more money will flow into these uh custodial custodians and unfortunately you know since things will be so complicated they'll keep all their big point there too so that's why we're seeing more and more Bitcoin being managed by custodians because they're gonna be managing a lot of stuff for these family offices for the institutional investors etc etc so I say this is where the big boys play okay your family office welcome to the space I bring your trillions into the space I am down with that I don't think you should diversify to the sake of diversification this this report says otherwise and David says otherwise and you'll hear about that more tomorrow I think you should just get Bitcoin and Bitcoin will beat but you're you're used to decentralization you used to that's a sensation you used to diversification for the sake of diversification do what you're gonna do people I want to tell the individuals out there the sovereign individuals who want to control their own private keys you want to you know want to control their own wealth don't get tempted by this stuff don't get tempted by this decentralized finance but you're gonna hear more and more about it because more and more money's going to pour into it especially from the institution's so there'll be a decentralized finance bubble no doubt about it security tokens bubble it's it's it's only a horizon there but it's it'll come it'll pump Bitcoin maybe that'll be the 2021 a pump that'll be the equivalent of the ICO ridiculousness that we saw in 2017 okay but interesting tomorrow show is gonna be very very interesting so let's move on to Libra real quick the Libra hearing that was earlier this week was it this way I remember what it was now okay here I just see did more people have questions here okay no no people did not more people did not have more questions now people aren't saying a lot of the job of funding you in their town that freaking light button hey you don't have to have questions hey bitcoins of the moons in there do you like this shirt okay so I just I finally watched Iran Brookes awesome commentary on the congressional hearing a Mark Zuckerberg and he was not kind at all he was it if you watch this it's linked to below you will be if you're not a Libra if you're not prob'ly bruh I think a be pro Libra after this now I think it's great that you're on Brooke who is an objective objective and I'm brand objective Objectivists can't pronounce yeah I'm glad he's talking about a cryptocurrency doesn't fully understand it but what she points out is that the people asking the questions of Zuckerberg 99% of them are 90 percent of them don't understand that state and he defends Libra he says he loves the innovation he says that Zuckerberg should have just said put up the middle finger to basically the to them he was he thought Zuckerberg was way too polite I agree and the government has no place in this they have no place in this if you don't like it don't use it Iran Brooks says I agree wholeheartedly I've said that before he says it doesn't matter how many minorities are involved and because people I mean the Senators iconic the congressmen we're asking the most ridiculous embarrassing questions that had nothing to do with the underlying technology Mark Zuckerberg is risking you know billions of dollars on this project and they want him to I don't know they they want him to dig did they want to tell him how to run his company when he's right he's risky putting a lot at risk here yeah they asked them would you put your inheritance for your children in Libra the dude spending he's risking his whole company on the ther a great deal of his company's wealth on it and they're asking questions about that like they don't understand how companies work cuz they've never worked at a company they they just they are they're hooked on power and they they ask questions that they think are gonna impress to give them more power he does your on Brook says something about that how he wants a gold-backed cryptocurrency again he doesn't fully get it but he gets it more than these freaking congressmen do so it's a good it's a good video to watch played a to X it's linked to below you'll get a better feel maybe you'll agree with his Oh way of looking at politics and financial life I don't agree with him 100% I mentioned him on my Saturday show a lot and I I think he puts it in an outsider's perspective what a smart outsider thought of these hearings again he's not a big point holder he's an innovation fan and he thought it was ridiculous because again bureaucracy stifles innovation they have no business in the innovation world like it or not Libra is part of the innovation world that bitcoin is at the tip of the sphere of some pound that like button moving back to his D buy stuff here is an article about an ethereal related article and it says a theorem is now unforced if there can never be another aetherium or another etherium classic like fork then it seems that governance by fork will become a thing of the past welcome to the post for Keable era so let's let's break this down a little bit there there could be a disagreement in the etherium world in terms of how some of my some somewhat big proof of stake well a proof of work a proof of work chain before perfect work change before they get the proof of stake okay and well people could agree you could disagree and say hey we are going to we're not going that direction we're gonna keep it this way you go your way you change the algorithm that the way you want to do it okay but the issue here now is that there's so many decentralized finance organizations did the projects built on it already that debate that the major ones will have to select assign they can't go both ways you can't have USD coin I don't know if that's one of them on both so the big players on the deef of the big defied teams will one will make a move and say no we're sticking with this one then all the other ones will pile on and the other one will be worthless and thus they will have the biggest say in what will survive legitimately survive not the not the regular users and someone pointed out in the thread and it's linked to below this is literally the New York agreement except users have zero say defy apps teams make the call users have no choice and he says aetherium is thus captured by VC's okay that's an interesting way of looking at it but hey a theorem is not supposed to be Bitcoin and they are if they keep going if defy is the biggest thing in the world then in a theory of terms they are going to define what aetherium is they are gonna these the decentralized finance projects that are built on top of it you can the article is a very interesting one but it seems like it anyway check check it out alright ah yes buy Bitcoin only of course of course but hey I want to talk about other aspects of the cryptocurrency space to show you you know that there could be a lot of money flowing into this defy stuff and for I mean and for the people that say a theorem is dead dudes you're incorrect it is there they felt ok I just I just talked about a sexualized aspect of aetherium that these D Phi players are gonna be able to find what it is so there are plenty of people that don't care about centralization vs decentralization so you know people talk about a theorems got all these problems well they'll come up with some centralized solution the Tallis will say we're doing it this way they'll do it this way the they'll do any whatever is possible by any means necessary to fix it to make it good and family office is pouring money into this space most of them are gonna care about how centralized aetherium is they're just gonna care about well I can't just hold this Bitcoin I think maybe most of my holdings can be in big coin but I got a diversify for the sake of diversification what's number two they'll find the theory brownie chooses bitcoinmeister if a theory of forth again who do you think would be their king of the trolls and no there wouldn't be there's not going to be another fort I I mean I just say they just gave a logical reason why there's never gonna be another etherium classic so they're whooping nope their leader is Vitalik the Dalek is the leader of the theory that's it there's gonna be no fort where there's gonna be a new leader there's gonna be no cultish for it that's the thing but Bitcoin they could keep them you're always gonna be able to convince someone to you know this is this is the real Bitcoin or you know based around a major issue and we all know what the next major issue is gonna be the increase the supply so you're a better question is who's gonna be the Jim Jones of 42 million Bitcoin I don't know could be someone BB someone but no aetherium us is it gonna be he's gonna be doing isn't gonna be doing things like that anymore like and I think I think that's guys that but aetherium isn't Bitcoin and some of theory people are gonna say that's great that's great Adam we don't want to have these issues we want it we want to clearly know what aetherium is and we don't even want these little minor Forks to come out we don't want it at all we don't want the drama at all we don't want the drama at all I think that's what the conclusion so I mean that's a legitimate argument we don't want the drama at all okay you don't with the drama at all Bitcoin will take the drama because he keeps on making Bitcoin stronger it keeps you keep you you know what the real Bitcoin is when all these Forks keep on coming and and they well people do they'll always be new issues that that's great that's great it makes Bitcoin stronger all right finally this is from Daniel who have just learned Bitcoin calm it is linked to below he sent me an email he wanted to tell everyone this I know it's been a while and for some reason people in Utah on YouTube think I'm dead I don't know if that's the case lately but no I'm just in motion improving just learned Bitcoin calm developing new products and services so and for those of you wondering where Daniel is and he's in the chat right now he is alive he hadn't hadn't been around for a while so thank you for that email Daniel and I'm glad to see you're you're there right now everybody here here we go here's a guy asking me about gold and silver bullion and he stole this guy clearly his old-fashioned guy because he can't type in bitcoinmeister so I just happened to see that dude what do I think about going silver gold and silver boy you haven't watched my show very often happy you're new be here or you just don't pay attention I think they're jokes I mean what's the point what is the point when we have digital gold they do it if you wanna be old-fashioned then you think right okay cool you can't I travel around the world I couldn't I couldn't bring that like a bit of silver with me okay I'm getting my get uh I did stop real quick okay totally old-fashioned we're in a digital world now young people do not care about your gold and your silver it's over okay and sure it'll don't be so you could preserve some of your wealth in it it's just it's complete lunacy at this point it is so I think it is redic he's a waste of your time and I've said this many times precious metals it's nonsense it's nonsense now you can't you can't take it away and what has the precious metals market done over the last ten years okay over to that guy the last year the last five years when when Bitcoin for all you dudes and dude you've probably been like I've been stacking by silver 2015 you're like stackin my silverstack in my silver and then you had people like me sing and you should be getting big points it's $250 right now I mean it's just below the cryptocurrency I'd rather have litecoin than what you're talking about okay then this gold and silver stuff it's so it's such a waste it's so old-fashioned the world is changing this is the golden age okay we're not doing things the old-fashioned way we're about to enter the 2020s here so if you think it's stacking go ahead stack your solar stack yourself all right and I would rather have light point and that's saying a lot because I value my wealth and Bitcoin that's how ridiculous I think these precious metals are really I I think it's go go be a fan of Peter Schiff go go go his route there and even do MERS and the gloom rumors it's just how open how how our gold and silver ever gonna do well the world will have to really have to end basically that's what they want there to be a nuclear war everything to go backwards and then we'll go back to gold it's not happening to do you're its doom and gloom that's the word of goal the world of gold and silver that and I think answer linner even said it on my show that like Bitcoin makes gold and silver people not depressed anymore gold is precious metal is all about being depressed all about tearing things down going back to the base going back in time Bitcoin cryptocurrency is that the future and innovation I am into the innovation I am into the positive the goals and silver stuff it's backward it's going back in time hey sure it's great to remember the good old times there are a lot of people in Baltimore this weekend remembering a 1983 World Series don't live off your past Lori Orioles getting better monetary system the monetary innovation is getting better move to the future Golden Age found out like button i'm adam meister the bitcoinmeister the disrupt meister remember to subscribe this channel like this video share this video check out the links below click on those squares this weekend bitcoin tomorrow afternoon on the east coast david age is the guest it is going to be freakin awesome see you then bye-bye
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