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IRS dislikes Bitcoin ATMs, Andrew Yang crypto thoughts, Petro noise, AmEx, BTC vs ETH as collateral

Hello everyone again! this is adam meister the bitcoinmeister the disrupt meister welcome to the one bitcoin show today is November the 20th 2019 strong hand conviction that's what I got to say about today all right hello my elite friends YouTube just kicked me off for like a second there so I got to welcome you twice so long say hello my leap friends again yes it is November the 20th and a year ago the price was crashing down to three thousand dollars and people were worried I got on a plane from Santiago Chile – two more Maryland to come home for Thanksgiving and unfortunately upon my arrival I found out that my father had suddenly died and it was just out of the blue and my life but we persevere in life we persevere in life I keep getting kicked off here somebody doesn't want me to talk about that's kind of it no bad that Latin people we persevere like bad things happening look life goes on it was a three thousand that's in the past we had the low of the cycle I went through some drastic changes in my life the family survived we're doing it condition it takes conviction so bad things happen your life bad things happened with the price of Bitcoin I just wanted to start that off that way today just to remind you a lot can change in the year you're gonna have bad things happen in your life Bitcoin prices kind of panic it's gonna be live don't panic you get through any obstacle persevere strong hand conviction it's all about a conviction and remind everyone a new show every day you get here that's my system even during bad times in terms of you know personal life or whatever and again I think everything since last year it has been a learning experience this past year and I'm a stronger person and my hands is even stronger so let's let's get it on with this show I you tube keeps cutting off out on me that's very unfortunate so we're gonna have to keep a couple windows we'll be back in Baltimore soon with the family because Thanksgivings coming up and the connection we don't be better there so keep on pounding that like button and eating what eating berries I picked I picked berries this morning all righty um and if you need a positive more positive go to my sports Moisture calm I have a the podcaster there there's an audio only one there you'll get there only there because this audio okay let's start by the Andrew yang I didn't watch the debates I didn't know there was a debate that like button but there was a debate and I don't know if he talked about cryptocurrency there but I had he just released on his site okay and then something about technology all right technology discussion where he discusses cryptocurrency and regulation but he goes on and he talks about interfering and all sorts of technological companies and you can read the whole thing below but the obviously the crypto articles only focus Olympic coin and the what he said there so I'll really do a little bit and give you my fuck now I don't think he's got good intentions he thinks government makes a difference can help things it really doesn't help and he's kind of down he attacks some technology companies make some try to thicken a little bit so I'm not I'm not down with that but he does say he says that the Senate hearings were embarrassing and his congressman our Congress people are not very knowledgeable when it comes to cryptocurrency and Bitcoin I think we can all adorned the Zuckerberg eye hearings whatever you want to call it but he says so I agree with him on that he wants to provide clarity on cryptocurrency regulations yang plans to define which federal agencies have regulatory power now he talks about the Andrew yang talks about starting some of the more government agencies the regular technology I'm definitely not a fan for that of that federal agencies have a regulatory power over cryptid up provide for consumer protection and clarify the tax implications of owning and selling and trading crypto currencies all right clarifying the text the the tax implications that would be a good thing that's that's my best takeaway the most positive takeaway I have from what he said so let's talk about the IRS for a second here they're worried about ATMs all of a sudden like in third-world countries because you can like buy $200 worth of crypto or $200 worth of Bitcoin and something ATM halfway across the world it's a sign that they don't they don't have their priorities in order when it comes to a crypto currency and one hand might not know what the other hand is doing I think it's good I you know if they want to spread themselves that thin let them worry about ATMs they might they also try to make themselves seem really big trying to make themselves seem bigger than they are the IRS also trying to make itself seem bigger than it really is to appear scary and world wide and you should worry about the IRS but they should really be more concerned about clarifying me yeah the tax situation in the United States and trying to shut down ATMs all over the world according to the great Zack Bowl who will be on this weekend Bitcoin on Friday and he's gonna talk about how to get a job in crypto oh my god oh my god inside they're typing information people with Zack ball on Friday at this week on this weekend Bitcoin Zack ball we talked but anyway here's a tweet for of him from him talking about Bitcoin ATMs I'm really glad the IRS is investigating compliance to choose for Bitcoin ATMs because that's definitely a critical regulatory priority for an agency with limited manpower that barely understands Forks you sum it up pretty well they're found that like one dude all right let's talk about this Wall Street Journal article that a few of you may be familiar with it's about American Express Amex or a MMX you can call them and David nage actually notifying me about this as I follow him on Twitter he says Amex American Express is paying up to get businesses to accept its card card company is offering thousands of dollars in signup bonuses to close the gap with Visa and MasterCard now that might be what they're saying and they hey they're competing that way in the world of Bitcoin that we are about to enter and when people start spending Bitcoin and cryptocurrency and again I'm offended by self I myself but eventually people are going to start spending all sorts of cryptocurrencies big coin whatever you want to say but the way these car companies are going to compete is exactly what we're seeing right here they will pay they will pay companies to to accept their car like accept us over Bitcoin we're we're better than I mean they're gonna have to bribe people they're gonna have to bribe because again their fees are higher than big point so we can expect this trend to intensify once a crypto payments really hit the scene and who knows who knows when that actually will be I'm not holding my breath and again I am uh I am offended by selling anyway moving on but but that is that something to uh to do that Amex and Visa MasterCard they got a lot of tricks up their sleeves don't think they're not gonna go down without a fight here because people will realizing I should I should take cryptocurrency over you have to pit you know when you're a vendor you have to pay like coops and fees but thought they might be tempted short-term thinking but I love these it gives me $5,000 to to have a logo here and accept it denied then I will then I will accept it let him compete I'm not complaining I'm pounding that like button we calm got a party said partially he said that so that sounds like a gimmick and he's trying to give the stuff away it's still better than that it's still better than the Bulevar and I get their articles now coming up how he's like okay with people using the dollar for all you dollar eaters out there so and he's a dollar hater but he even admits that the dollar is better than his nonsense so but I read you when Mauricio has told me and he also it linked to below is like the the long video in Spanish where he is trying to confuse people and plate up the petrol biggert making seem bigger than it really is kind of like the IRS but anyway so here Maurice who says they have designated addition this is what he's claiming the the leader of Hezbollah they have designated additional resources in the form of barrels by a question of oil to back the petrol operations the actual announcement was an hour long and it had the president members of top cabinets of the top cabinet at sonic rip headquarters they showed petrol servers which look like ant miner has nines and I'm pretty sure the petrol should have no a six I'm planning to do more digging and confusing confusion majora also said the top technology in the world is in Venezuela Venezuela is all in on crypto okay so there you go he's confusing people I mean he's he's playing the long game here trying to trying to stretch things out trying to make it seem better situations better than it really is use uses nonsense to believe in his nonsense centralized cryptocurrency that sort of exists called the Pedro whoo oh here is a I've received a very nice email and I'll read it on this interesting day and you can email into and at a dimitra's for help calm you can send me okay good everybody's people are people enjoy guys if you have questions please I forgot to say that the show if you have questions typing your questions do a super chat type in you have to type it big playing Meister so I see it actually people were talking about Andrews yeah alright good lesson let's move on to this very nice email I received the inspirational email when I feel down Your Enthusiasm with my spirits when I feel weak your strong hand strengthens my mindset when I feel alone in questioning my choices you remind me of the value of being a twenty percent IRR and the long-term benefits which delayed gratification brings that is very flattering so thank thank you very much I'm glad I can inspire and get people's hands stronger and to get you know if you ever feeling down and you want to get energized watch these videos at disrupt meister calm its natural energy baby you got a love life you gotta love being alive yes so it's awesome an and we're about to enter this olden age it's it's unfortunate that everyone gets to enter the 2020 Golden Age you know that's life though so if you're to stay healthy people yeah another health tip try to do that a little teeny close it's good it's good do because yeah spices out your life spice up your breath makes the ladies like you now you're welcome Bitcoin okay so the following oh there's an article about coin desk coin desk did I oh yeah coin death says FinCEN stable coin issuers are money transmitters no matter what and the funny thing is most of the stable points out there they probably are like yes Vincent please regulate us call us money transmitters we will follow all your rules we will comply will be happy to comply because they want tether to go away I mean they they no tether will not comply they want them they want that to go away so and any of their big names their big names behind these stable coins like the Winklevoss of course they're going to comply and they're not going to object to FinCEN saying that stable point issues or money transmitters I think it's nonsense I think it's absolutely nonsense anyone should be able to create a stable coin if they want to and again I fixed why people value their wealth in stable coins it's you know that's ridiculous oh my god Oh – but we live people should be able to should be free to value their wealth and stable coins I think the intense regulation that is being implied here is not sense but it's partially gonna it's gonna be cheered on by somebody stable coin guys to get rid of Ted so guys don't rage that's a better one okay we got we got a question here in the chat just January international Bitcoin month to spread Bitcoin aware and say I think that's a great time for international Bitcoin month to spread Bitcoin awareness this proof of keys trace mares proof of G's January 3rd so it's spread were people international Bitcoin month is gonna be the first month of that Golden Age of the of the 2020s oh that's a great way to kick it off that's a real great way to kick it off alright thank you for that a question keep on I love when people ask questions man I love this spur the moment type of stuff you never know what you're gonna get people enjoy this birther moment stuff moving on we talked about stable coin compliance so the fuck we're talking about medicine point bait one I didn't mention coinbase yeah Commission gemenon and Winkle died but the this guy the following quote is from a guy who works off quite a corn base of all places and it just shows that big boy the big boys and this is what big boys play value their wealth in Bitcoin more so than aetherium again this is a coin based employee that says this bitcoins collateral economy is much larger than etherium bitcoin is the primary form of collateral for derivative markets that have cleared more than a trillion dollars in annual trading volume similarly Genesis capital shows time and time again that bitcoin is the best collateral for crypto loans okay I don't recommend anyone doing critical bones or using bitcoin as collateral but when you're talking about collateral it's gonna have some value okay and people prefer the real thing they put a ladder over there not a cerium now in a cerium is where the whole defy aetherium is what the whole defy world is is based around apparently but yet these people that are doing decentralized finance that are enviably involve the collateral they what bitcoin is their collateral so that speaks volumes there and I'm not gonna big boy I'm not ripping on a theory mom this is a positive spin bitcoin is the real thing people are using in it intense collateral for these cilia financialization games that they are playing finally we're at the end of the show here there is a to site out there called pointing – intro comm it's step by step Bitcoin learning okay I'm get I give it a shot it's it's uh it's it's interesting if you're if you're gonna teach someone it's not as easy as it might appear some of the things are a little bit complex and some newbies might be gonna get a little intimidated by some of the verbiage on there but it's something that showed it's a step by step learning process some people like step by step guides like that and let me just make sure there is nothing oh I almost forgot is speaking of Education this is – I'm glad I did not skip this education link this guy his name is Tom Lombardi he says thrilled honor overwhelmed to be teaching digital asset finance to Pepperdine University MBA students next semester looking to crypto Twitter to provide a feedback on my syllabus here's plans you guys can look at that I'm glad that this guy is in motion the weird is that I mean MBAs are I could see in the near future how like these evening MBA programs that sell themselves on advertisements on on the radio on TV and on the internet are gonna like type themselves up by saying we're the best MBA we're gonna teach you what is this digital aspect route up teach the NBA guys that are already paying tons and tons of money to go to Pepperdine you know so why don't give it to them if they're already paying the money then this it's better than some of the stuff that is it's better than like learning uh social social justice compliance business law how to how to bow down to the social justice warriors is better than that so it's definitely their course than that and I'm sure she'd be on syllabus but it is free it's out there and it is a good sign well once this happens this when you start seeing advertisement for EMBA for evening MBA programs or regular MBA program saying come learn here passed lots of money and you will learn about Bitcoin the hottest latest thing so keep getting people anyway you can I'm gonna keep educating people with this channel a new show every day pound that like button alright dudes we got one no no no more questions no more any more questions going once going twice that is it I'm gonna go running soon it's obviously the middle of the day here in Australia and handling Australia thanks a lot everybody yeah you can make it through anything people you can make it through anything and of course shout out and I will never forget my father Mel monster i'm adam meister the bitcoinmeister the disrupt meister remember those squares that you see right there spread the word on twitter i forgot to say that tech ball te CH BLT that's it good I'll say hi to all you dudes in the chat thanks a lot