Hello everyone this is adam meister the bitcoinmeister the disrupt meister welcome to the ward this week in Bitcoin oh yes the end of the week so we have a different show every Friday new show strong hand long-term thinking Bitcoin is the next Bitcoin today is December no 30 referencing 2020 ayah Dixie everything up today because I just realized it's some holiday did why are you dudes with your women know you value your wealth in you or back in the house this is gonna be a wild and wacky show so let's start with a quote from American hot oh and by the way people you could do super chats thank you Jim for the super chat that was very nice I'll be looking for questions from from the audience there's a lot of you over there so let's start with this quote from American Idol well I want to start on the Bitcoin note because we got to talk about some alt coins freakazoids out there Bitcoin prohibition is highly unlikely I agree shadow Bitcoin prohibition is highly likely American Idol it explained well I think the days of the government just outright banning Bitcoin I think the window on that has closed right and we're more likely to see huge government overreach huge huge you know regulatory overreach just crazy rules that they would in hoops that they would force us to comply with and jump through and you know we may even be experiencing that now like with Steve munchin butts what's his name Minuten you know we don't know what his comments are because it was sort of a closed-door thing but he came out this week and was like there they're getting ready to announce something he basically pulled Oh Justin son Tron he made an announcement about an announcement and so we'll have to wait and see what what happens but you know we should all be prepared to fight the government because it is it is going to happen and I think it's going to be covert rather than over yeah the summation here from summary from who who made this summary here Bloomberg's Bloomberg had this article title it said secretary treasurer secretary Steve Venusian told US Senate committee that the Trump administration soon will announce new requirements for crypto assets now man that is very vague that is definitely not a ban but it could make things more complicated to say the least now I don't put these dudes on pedestals they're not they're not very efficient so I'm not I'm not too worried but it's something to definitely it was in the news weeks that we're talking about so Adam what do you would you have to say about that my recommendation for everyone who holds Bitcoin if these regulations come down in their own wrists I would just recommend not complying with them like just I don't plan to comply with with anything related to Bitcoin at all and I'm just putting that out there I think it's immoral I think it's unethical for anybody to be spying on my own private wealth and the reason why I've got into the Bitcoin is because I was tired of that not that I'm doing anything wrong you know they say like oh if you have nothing to hide then you shouldn't be you know worried about that but you know like anything else they or slowly erode your liberties and then at the end of the day like there eventually will be something that you're doing that somebody's not gonna like so I plan to completely ignore whatever they say and just keep on doing my Bitcoin thing they were talking this week about someone got in trouble for mixing I mean dude or what if the government even really knows what that is did you think that could be criminalized I think they're probably trying to maintain the integrity of their chain analysis system and so any any attempts to subvert that like there I'm sure they're gonna not going to be happy with I mean it's in their eyes it's the same it's it's laundering you know trying to evade and escape oversight by their prying eyes and so that and that's why I think it's really great for the average Bitcoin er even if you don't know how to do this type of thing or even if you don't run your own node or whatever to still try to learn as much as you possibly can about mixing about privacy about Bitcoin hygiene which I don't even always practice myself but you know something that we should definitely be doing because this this is the the point is eventually even if you don't think you're doing anything quote-unquote wrong now at some point in time there's going to be something that you don't want the government know but knowing that you're doing and it couldn't it might not even be tomorrow it might be ten years from now but you have we have to prepare now and that type of thing Bitcoin hygiene I don't know if I've ever heard that one before pound that like button practice real-life hygiene also people didn't get any but you won't get that virus from China and everything like oh my god wait we were not allowed to talk about that on YouTube if you name that virus in your title they immediately de monetize you very serious oh yeah oh yeah I mean we talked about it last week which I had guests on from Asia gets theme on advanced uh anyway but hey we play that game around here where's where the big boys play we can we can we can go with the flow it's all about valuing your wealth and Bitcoin now um I don't know you know the little Fiat pennies that YouTube gives us whatever anyway glad you and your podcast it's linked to below by the way Vlad his podcasts all these guys are linked to below by the way you're not in America I don't know if you even care about what the treasure Treasury Secretary says but what do you think about a shadow Bitcoin prohibitions just uh not saying we're banning Bitcoin but just making a little hard on everyone now that's a wrongful assumption because when you say I don't care about America you're assuming that I don't think that legislators in my country will take into account what America does before implementing some kind of framework there's this thing that when America gets a cold everybody sneezes and it's very likely that we will implement the same kind of AML rules here in Europe and it has already started in December I think I think it was in December everything is so blurry in my mind when it comes to referring to specific time frames but bottled pay which was a very nice social media payment and tipping service got closed because of AML regulations so I can already see that it's becoming harsher here but it's not as harsh as it is in the United States you can still buy BTC without doing kyc you still have ATMs from where you can buy or sell bitcoins without signing up winning any kind of email address or ID which is still nice and there's also an exchange in Switzerland and in Swiss laws they say they don't care much about you doing kyc because one way or the other you're going to convert it into fiat and they're going to see that so I think what's the name of that wallet edge wallet I hope I'm not mistaken but edge wallet in Europe has a function to buy bitcoins without kyc which is very nice it's useful what I think about this kind of banning obviously it's terrible obviously it concerns about 90% of Bitcoin users especially those who keep their coins on exchanges and are very oblivious and very naive when they think that it's all safe and another mount GOx cannot happen just because the funds are insured that there's some sort of regulatory framework that makes it okay to hold on exchanges and at the end of the day it will be the same people who will try very hard to conceal the origins of their coins and we saw this week that they added swaps from bisque to liquid Network so you can do that and perform some kind of confidential transactions do some coin joints and from that point on it becomes very private and you're hiding a lot of stuff and they even joked because you know Tron is quite a meme nowadays oh and they joke that they can get run on liquid and then you can get a second block team actually turd because liquid oh is also blocking a third blockchain to have your coins and move it move them all across these networks so that it becomes so obfuscated that it puts too much pressure raunchy analysis to track your stuff and that becomes very hard to do well I will say in terms of kyc I think it varies across Europe I think in Western Europe it's getting really it's worse than the United States I mean the United States with their little announcement about an announcement this week it was big we don't we don't exactly know what's what's going to happen it's just it's just good to be aware but I when we had the guest on from the Netherlands it's a pain there now I mean there's there's a lot of interference by the government very unfortunate but I think those who know how to get around things know how to get around things and we shall see I governments are not very efficient in there with this kind of thing and also I think some will understand that this is a this is a moneymaker here let the people be free with it and make it taxes or whatever they want to do and it's good for all and you know on that note we have Federal Reserve Chairman Jerome panel says every major central bank in the world right now is doing a deep dive on digital currencies Vlad what what do you think about that is even in the smallest of countries there there do you think they're trying to make their own altcoin their own fed coin no it doesn't make much sense I mean in my country Bitcoin usage is so niche and they're like I don't think there are thousands of people using it maybe that they bought on exchanges but they don't will use it they're just speculating and the banks are thriving it's not like you go on the streets and you hear people talking about Bitcoin even at the peak of the bubble in 2017 it wasn't like that maybe it will change sometime I don't know we tend to be pretty open because historically we have been okay you told us not to swear and stuff like that but we have been the kind of nation state that was under the control of others from the Ottoman Empire to Russia to the United States right now so we don't have much autonomy we we tend to side with a bigger power with somebody who can grant us some kind of protection against our neighbors so I don't see us becoming innovative but at the same time we keep the door open you know just in case our governor of the central bank had he made a speech I think in late 2017 about Bitcoin and he were about the bubble and when the price went down and it was about about 10k he went on national television and said I'm happy that Bitcoin went back to more realistic prices and he didn't call it a bubble he didn't call it a Ponzi he just said that it was about it was overvalued I think I think that's the right word and it's interesting it seemed like he's very much aware of what's going on and something tells me that high ranked politicians actually holds – is a Bitcoin we'll get their interest to actually ban it or anything like that it wouldn't surprise me gone out can you say what country you're in yeah Romania all right there you go people I knew that but I just want to make sure so that's the country he's talking about I'm a vampire yes indeed Vlad now let's Adam what do you think about the US are all the central banks up researching this stuff and trying to make their own so well that's the thing that I'm trying to figure out when they said they're doing a deep dive on it does that mean a deep dive into like how they're gonna regulate it how they're gonna tax it how they're going to you know integrate it into their own systems or they're gonna trying to do it their own I think very few are probably gonna actually try to make their own cryptocurrency yeah I don't I think that they they believe in their kind of like other payment rail type of system like I was mentioned on Twitter the other day something about zel or I don't want to say I guess itself and that's like the thing that they're pushing as like the digital it's not a digital painting but it's like you know a federated way to transfer money back and forth and I think if anything the government would try to do something like that so it wouldn't be a cryptocurrency it would just be like a digital like a digital government PayPal venmo type of thing but if I think you know they're doing their due diligence to make sure that they can understand it there probably are some people high up who you understand the ramifications of it and are acquiring it themselves as a hedge I don't doubt that at all but the nice thing about Bitcoin and its ethos is it's to disintermediate the government and the people these types of people so a lot of times when people are in power or they're they're in charge they feel insulated and they feel you know I'm omnipotent against outside attacks because they feel like there's a king so I've noticed a lot of the people that I've talked to in in the outside finance world who aren't in the Bitcoin in the government world they really see it as a joke or something that's not going to really take off where it's it's still not very well understood by most people so I still think we have a little bit of time to kind of help just to get everything disrupted before like a severe crackdown to be honest all right let's get back to American Idol you've you've been silent for a while here are all the governments looking into this or do you care about central bank coins at all well I agree with Adam that you know deep dive is coded language for we're going to use this too I can't swear on this show so we're going to use this to make your life miserable and we're gonna use this to trap you you know because you you can't really do negative interest rates without regulatory capture it's impossible right so when they say deep dive they don't mean deep dive the way an individual means it which is like hey man I did my research and you know I dabbled in shit coins but then eventually I found out Bitcoin was the one it's not like Jerome Powell and the Fed are gonna sit down and be like we figured it out boys turns out bitcoins the real deal no they're going to use it for their own benefit central bank digital currencies are absolutely coming and that is the boss battle is between Bitcoin and central bank digital currencies and when I said the you know the quote about Prohibition foreshadow prohibition I forgot to mention and I do feel strongly then in either case it's a temporary setup we won't see shadow prohibition or prohibition for much longer but you know the word temporary could mean your entire lifetime so bitcoins gonna end up winning in the end doesn't mean it's gonna be an easy journey like don't just buy and think you're gonna be fucking rich and have moon Lambos and Shh I'm sorry moon Lambos immediately you know what I mean it's not gonna happen that way interesting that you bring up the getting the moon Lambo let's transition into all coins since we are talking about the the government coins they are just all coins it's all they I mean they're they're worse than that they're not even really crypto currencies Witter what are being proposed here but let lets let's do a quote of yours if at all calling pumps don't come to me and be like coddled why didn't you tell me this dog bleep was going to pump I don't know what alts do and I don't want to know secondly if you like gambling so much why don't you just put your stack on black at the casino and call it a day Pam that like button I agree it is gambling and what we've learned this week is that there's one called iota out there that people have been asking me about for a long time and I just thought is a flavor of the month well they had to turn it off this week because they got half apparently uh take it away America no no well you know bitcoinmeister listen we all know that all good decentralized current currencies can just be turned off by one or two guys I mean that's what makes decentralisation essential is it no I'm kidding obviously obviously this thing was never decentralized I I was arguing the only thing I know about iota is that I was arguing with noobs in 2017 and they were being like the tangle bro and I looked into it for about 30 seconds I was like well this is just a stupid if not stupider than every other idea I've ever seen and I haven't thought about it until today when it was shut off yeah this I mean this speaks about what all coins are I mean and by the way what the Fed coins are also I mean they can just the same thing turning off iota they'll be able to turn off your fed coin eventually to pay negative interest rate thing you brought up yeah that's the only way well the major way countries can institute a negative interest rates by getting everybody wants some centralized fed coin and and people will buy it up the people will love the convenience of that coins just like they love all coins people they're not logical people are logical most of the time so let getting to Adam here what it what's your thought on this iota situation what we can learn from you so what we've we've seen lots of other alts have similar problems where somebody has the magical button to roll it back I mean that's what happened with areum and they created a theorem classic and that was a much bigger and even more decentralized system then then iota was I mean the fact that they could actually just like push the button and like turn it off and they're saying like nobody go into your Trinity wallets until you know until we give you the okay like I mean that and and it should be a patently obvious everybody who's who is involved in the space here like if you want something that it can't be shut down that like it's gonna operate independent of what other people do and even if even if like the the code maintainer x' and the the core developers decided to go rogue and do something crazy of UT Exocet is still there like we could really we could you know roll things back and I think Bitcoin would still be fine after that it's it's just the orders of magnitude of decentralization above any other coin is just it should just be obvious everybody and that's what you want in your decentralized money like you want actually you know unsensible and this is not absolutely it should be obvious to everyone if the bitcoin is a is a new level of decentralization not it's that it's apples and oranges bitcoin is the next Bitcoin but people don't get it the gambling continues and it's and people are still buying Iota I don't I don't get it but hey people get this one a big boys play and you got to learn the hard way there's no Bitcoin mommy here there's no crypto mommy I've learned the hard way yes I dabbled before I became a maximalist and I made a bunch of money thought I was a smartest person in the world and then then you realize like why you're actually here like if you're here to gamble then you like you know continue to go on you know hunter x leverage i'm get bit max or whatever but if you're here for a revolution then you have a completely different mindset found that like button Vlad your thoughts on iota centralization turning off coins why people keep on gambling I don't know man how are we supposed to make our fridges connect to each other right now if when we crash our cars how are we going to evaluate the damages if we don't have iota to do the evaluation and send the funds to somebody's wallet I mean it's a crazy world out there you know you need this type of internet of things token to solve problems that don't exist but they will exist some someday that's what the devs say and we have to believe them because if we don't believe them then the price crashes crashes and we want the number to go up and the number will not go up if they shut down the network if they get fed from maximalist shows and stuff like that you have to pump it to the moon man and as you could see the people are real believers because the market cap of iota was 088 billion dollars before the announcement of the shutdown and is still the same so this means that people on exchanges have not dumped it and this can either mean that iota consists of true believers or that iota is held by a few wallets and a few whales can manipulate the entire market and whoever decides to sell on exchanges is very much insignificant in the grand scheme of things Wow that's that's a tangle of a story there all right so enough about all coins for now I it is it is amazing that something that that it got shut down this was bound to happen but people still don't know the difference centralization and decentralization huddle and I were talking has some interesting topics and why don't you go off on what you were saying about Fiat making people soft well yeah okay so I think soft money equals soft minds and the more I converge on hard money I see this all around me like for instance the reason people don't value decentralization they keep you know getting rekt at the shit coin casino is because they are so used to government bodies doing their thinking for them like in the early days of coca-cola there were like 10 or 15 different coca-cola competitors right but then coca-cola started suing all of them and getting them all shut down and they basically used the court system to take away all of the coca-cola competitors right like Bitcoin doesn't have a legal team so we can't sue and take away competitors the same way so I think people would Sir Craig right but have you ever heard anything come out of Craig rights math it isn't just he's a he's a soft money soft mind guy yeah everything he's ever said is gibberish but I was I was telling Adam that you know I like sometimes I'm forced you know I live in a wealthy neighborhood there's all these like stray dogs running around cuz rich entitled people they mix their dogs with the poodle every dog is some kind of doodle they're like this is a golden doodle this one's a labradoodle this one's that this kind of doodle and then they let them roam free and these dogs are not trained one came at my daughter who's one years old and I kicked it in the face okay I'm not gonna not kick this dog in the face you come this close to my daughter you're getting kicked you're a dog I don't value your life and people are like oh my god American hot Oh such a bad man he kicks dogs dogs are basically babies since we don't have babies anymore cousins were too poor because we were enslaved by fiat currency how could he do this to my baby my doodle my golden doodle you know and I'm like listen you people are sucking your life yo can we just camp out on this topic for just a second because I have all kinds of things I like to say about dog owners okay so I grew up with dogs I like dogs I love dogs but like people for some reason like they think that like they have a fur baby thing our fur mamas over that you are not a parent that is I have four kids that is not where parent is like people like to congratulate themselves on like becoming a dog parent like they say oh you know this dogs a rescue dog oh really a rescue dog what is it would save somebody's life out of a burning building oh oh you mean you mean you rescued the dog so you want me to think you're a good person okay I understand how it works now so like the first thing people saying about the rescue people that say fur baby also wear shirts that say I can't adult today yes you can you're 45 we're hitting on this very topic for topic personal responsibility is the new counterculture exactly the only people that take responsibility it's few people everybody's a big baby everybody would somebody want to shame you because you kicked the dog and you kick a dog on a self-defense come on it's just a stand there let the think bite your kid I mean this is what a world we live in and so that that's why I love Bitcoin overlay so much we got people here that are willing to speak their mind that can speak their mind they don't they don't want to shame people there is though they they can't be shamed they can't be canceled once once you're in the Bitcoin overlay so this is this is a subject matter that I like a lot yeah the dog thing I by the way I'm a runner everyone so I encounter these same type of issues dogs if if if I had to I would punch a dog in the face of course it was it was coming at me coming down low end okay are is soft money for soft people did you agree with that I think it's made us all soft that's yeah that's one even me listen I'm just I'm disgusted in the person I was five years ago when I didn't have Bitcoin in my life I really am but I don't know if you have commentary on just matter to you I have a rescued dog you can pick her out on Instagram your the but you're the rescuer actually I like the teacher says my dog rescued me that you know I like people who service dog I'm like thank you for your service we're not ripping on dog owners here we're just ripping on I love dogs me too I haven't I have a dog too so soft just the softness of the world today oh okay let someone I think it was Adam mentioned we were here in the United States the Andrew yang was a big big hero to crypto people and now he's not running for president anymore and he but if the city he was gonna talk he supposedly here he was the only one that seemed to know anything about Bitcoin at least but at the same time he did the ubi thing so now that's gone Adam your thoughts yeah oh so ubi I posted something about how it's like one of the dumbest policies actually so I'm gonna retract that tiny bit it's actually if you buy into the idea that you should be getting other people's money for absolutely no reason at all then it makes a lot of sense it actually doesn't cut outlook it cuts out a little bit of the middleman like you know you don't have to apply for this program you know or are you eligible are you trying to scan the system are you human are you alive yes here's thousand bucks you know go have a good nice day we don't have to worry about all the rest of the bureaucracy and and and like making sure that people aren't you know disabled well they're not disabled and all stuff like that um the thing about ubi and the thing that I mentioned on my video before is when you have when you're giving out free money then everybody else's money is now worth less especially the people that works like really really hard for their own money and so like well what what's number one from a psychological perspective it's going to just incentivize people from doing any kind of work at all and in number two you know it's it devalues the current supply of money I mean it's it doesn't come out of thin air its most likely gonna be printed so therefore I mean so if you're a collapse at arian or somebody who's just waiting for the end of society so that you can you know arise as an overlord from the ashes which a lot of people are and that's fine that's I think that's kind of part of the the Citadel model it's actually one of the best things for Bitcoin but um you know I'm trying I would like Bitcoin to take over a gradual way where it's like a bloodless revolution I mean the reality is it might not happen that way but yeah by so bitcoiners on the UVI bandwagon hard for me to tell if it was ironic or not i think for some people it might have been i think there are some some decent number of people in Bitcoin who aren't like like a libertarian like me and they believe in social stuff and that's fine but it to me it's one that it's it's completely asinine first of all I love your collapse at Aryan that I I call Doom corners but that's that that is great I'm gonna I'm gonna put that into my vocabulary collapse at Aryan everyone now I I do want to say though I think some people did take it all the way with Andrew yang and and the MMT people the monetary that there are bitcoiners here's like just destroy it all it was good much my Bitcoin will be worth more that way so but they did they don't believe in stealing from people but they do they're like whatever just just bring the collapse and stuff do you have any thoughts on this title well you know sort of like to Adams point there are there's a new type of ideology called acceleration ISM right and so some people are acceleration estab all and you want to speed it and I gotta be honest a lot of people inside our government seem like their acceleration s because the things don't make any sense yeah yeah they're all short-term thinkers I think that it makes sense to them it's beneficial to them do you have any thoughts on ubi Vlad we're in an American now we got a little presidential on you there so I don't know if you know I have a degree in political science and I follow American elections all the time just because it's an old hobby of mine but what I can tell you about ubi is that it resembles very much the kind of communism that we had in my country where everyone had pretty much the same salary if you're a surgeon or if you were a factory worker you are making the same kind of money and everyone had work everyone was employed but your money could buy you nothing that's the result that it led to so it was this kind of manipulated market where there was a job for everyone even though you're not productive and you're not doing anything and it was disincentivizing innovation or excellence by any means if you knew that you were going to have your job no matter what and if you were to get fired because of incompetence the government would just find you another job then there was no point to actually try to excel at anything so I think that what drove our civilization to the point that we can be a part at such a great distance and still be able to talk to each other in real time and think about Bitcoin as this type of pirate money that exists across borders and regardless of international law well we didn't get here because we were complacent and because we didn't care about stuff and we just earn free money by staying at home and saying oh the machines will take over whatever we have to do from now on it's because humans have become creative and they had ideas and they struggled and they presented these ideas and started conflicts of ideas and that's how we ended up having this society and civilization which even though finds itself in a delicate situation right now and we disagree with the financial system we can still argue that we have made a great progress from 200 years ago when people were still killing each other around the streets more often more I'd like that addendum there uh was speaking about the the presidential race there is a presidential prediction market at UH I I've got a link to below did you guys hear about that American American ha no did you the FTX mark yeah I thought so it's a futures exchange where you can bet on the outcome of the president the presidency in 2020 and I think my only advice there would be short every Democrat Trump has like an you know it's locked in he's going to win in 2020 and I don't even like Trump but that is just going to happen that's reality what do you think about this tool though do you think people are going to use it and start talking about it in the mainstream media no I mean it seems quite a I mean Trump is favored by a lot on it it seems to make sense people putting their Bitcoin where their mouths I mean I don't encourage people to gamble their Bitcoin away on presidential races but it is it's an interesting tool it's an interesting innovation I think I think some people definitely will use it and I do think the mainstream media will talk about it in sort of a hint hint you know it's like they always talk about the spread during NFL football and they're not supposed to combine gambling and football but they talk about it anyway right so it'll find its way and Fox News MSNBC do you guys think it could be the most accurate predictor out there well I like to see some more liquidity first okay okay is that people were say there's a lot of money I I haven't checked it out lately it's linked to below if you want to see how much money is flowing into it and and everything but it's something to keep an eye on and it is definitely uh it's it's an innovation to say the least and again hold on hold on to your Bitcoin people is that's that's something they could tempt people and we're talking about all coin cambers before and there's a Bitcoin gamblers all right so we're here in February May is May is approaching May is approaching approaching having hype so I gotta I gotta start asking all my guests about the about the having and what they're looking forward to if they think it's priced in etcetera so Vlad you're you're having a and were you and can you remember the 2016 having any compared to this I mean this is different because by now the largest majority of the supply has been mined and the bitcoins that will be added to remaining to the supply are going to be very few twice as you as compared to 2016 so I don't think the impact from now on is going to be caused by these dynamics even though it matters to the and that miners have to remain profitable so if they want to remain profitable they will have to push the price and I think that's one of the ideas of the underlying ideas that generate hype around supply reward having's it's not supply board block reward anyway I don't think it's going to make much of a difference that's my short conclusion all right Adam having hype what's going on with you and having so I I started getting into Bitcoin around 2016 after the last the latest I call I like happening it's my favorite term for it but I got into Bitcoin around 2016 so I wasn't really around to like think about the hype ahead of time I mean obviously I knew about Bitcoin before that but um so this is like my first I really you know run-up to to see what's gonna actually happen um I don't think that it's priced in but I think it's not priced in because I think that it's I think we're kind of reaching a point in Bitcoin where like even two years ago even like in the 2017 run out there were very few on ramps now there's a lot of on ramps now this cash app now there's lots of other ways to buy Bitcoin so it's I think it's gonna be so much easier to to continue to get into Bitcoin and like after that sharp drop III don't see how the price stays you know at the $10,000 level so I mean it's just a personal whim obviously like I have no idea what I'm talking about but like we've had a new like this past week we've every day not today today's the one day is different but we've had in terms of Fiat for new Fiat freaks out there every day it was a new year Lehigh for big yeah has to do with the having enough well I mean so the way I look at it is we have a certain number of bitcoins being released every you know it's 1800 a day or whatever um like I'm not gonna reduce my spend my like my IDC a like I get after I get paid like I have a certain percentage of my SAP my money that I put into Bitcoin every single month and that's not gonna stop so the same number of dollars is going to be vying for you know nine hundred Bitcoin per day as opposed to 1800 I don't see any other way that it's not gonna go up all right American Idol your thoughts on having alright listen in 2016 I watched the having or you know I was I was there the day the having to close it a pizza place in Las Vegas with Andreas and a bunch of nerds like about 15 nerds right it was a non-event it wasn't nothing going into this having we're seeing like I don't know if you guys saw the clip from CNBC where these guys the anchors was like 5 anchors on CNBC they're basically hitting every bullish meta-narrative that we talked about on Bitcoin Twitter and I was like Jesus Christ the institutional money is coming this time in such a big way so here's my prediction 13 k around the having the real fireworks don't start until you know about 12 to 18 months after the having I think we're gonna see a top that's somewhere between 225 and 360 and I'm just gonna go and say that on record right now because I think that this stock to flow model is going to take hold in you know institutional minds and there's going to be a belief component behind it that becomes you know it's a self-fulfilling prophecy like Satoshi set so it's gonna be crazy man and then the even crazier thing is you think about do we front run the next having we're clearly not going to front run this having right but do we front run the 2024 having do we just skip over the bear market and have just like an eight-year bull market I don't know but I have a boner right now I'm talking about this that you can really pound it now baby all right I you know what we're talking about events and so it this there's gonna be a huge having party in Tel Aviv where I will be on on May 21st it's been officially released now i retweeted something about if i that CNBC thing yesterday oh my god the CNBC Omo I talked about on yesterday's show that's linked to below by the way people in Long Beach I'll be speaking Long Beach on Thursday that's linked to below Las Vegas coming up on next Saturday I'll be there for tone baines's event all right let's get back so I had to I to give those plugs this is we're talking about a based and having and you just described below the pants whoo we've never heard that on this show if you hold your level baby so let's talk about the institutions though I'm glad I'm glad you brought that up because I something else I've been talking about on the show this week is that there seems to be a lot of institutional talk again people are like oh I know this this group of people are going to buy millions of dollars worth of Bitcoin etc Adam are the institution's really on their way are we finally gonna see them like they're here obviously but is there gonna be a huge pile on by then mmm that's a good question I think the smart people will do it although it's funny I've known in the last year I've known two different large organizations who got hacked with with ransom with Bitcoin ransomware and like for to the tune of like 1
5 million or something one one group paid it another group was about to pay it like they actually bought the Bitcoin and they were getting ready to pay it but they somehow like had another server that that they would be spun up and everything works so they'd have to pay it I say all that to say is like I think there are some people that are still snake bitten by Bitcoin I mean that's those are just two anecdotes that I have but I think that there are there are people out there that like they realize that bitcoin is a big thing but they say they still see it as and and I know I know people work for the government who believe this that it's it's really just for criminals so I don't necessarily see the big institutional money coming in just it I think it's in the persona of a couple yearswe for okay good good one there I mean maybe we're all getting too excited with all this talk it's been going around I think I still think the price going up I just don't think that it's gonna be in we're one day closer to an all-time high that's the attitude to have around here Vlad your thoughts on institutions yeah so I'll just leave the bullish view to America and huddle and be the pragmatic one in this discussion okay because he has the stuff below the pants and it's 615 inches longer allegedly I mean institutions consist of people and unless there is a demand from the people who found these institutions to buy some bitcoins I don't think that they will there will be executive decisions from the top level to the bottom I think it should be the other way around and one Bitcoin is still one Bitcoin regardless of how its evaluated on the market it's hard money and I don't think we need more dumb money to make it to decide in our minds that hard money is valuable Bitcoin is valuable just because it has its value proposition and it's uncomfortable and uncensored Omani and if there's going to be an appreciation by traditional markets and dumb money for that then yeah sure why not that's nice but at the end of the day it's still the same all right all right we shall we shall see the future is bright is what I always say around here and American hot Oh well he thinks the future is SuperDuper bright where we're gonna have a bear more another bear market again between 2020 I think I've said it before I think it'll be same type of pattern again we'll have a huge huge spike in 2021 and then then the same debt all the all of all the weak hands will drop out in 2022 and 2023 it's it's it's what we saw before what it's all cyclical I say no I agree I agree with you wholeheartedly I'm just saying what if allow yourself to dream bitcoinmeister also glad to your point there's a pretty permeable barrier between individuals and individuals right like a lot of the ultra high-net-worth individuals in America came out of financial institutions something like 30 percent of ultra high-net-worth individuals are from the financial sector so they're kind of two sides of the same coin okay good good good a good reminder there all right I think we're we're done talking about those high net worth individuals and instead working in institutions for now maybe they'd all buy Bitcoin and and the corrupt government officials that we're talking about mate maybe that's the great thing about Bitcoin your worst your worst enemy can own it and it's great for you now let's talk about Adam you you let's talk about some Twitter uh Twitter drama I get I didn't want to talk about their nonsense about Tron I talked about that on a previous show but today I noticed Anatomy notices too that uh whether the hardware wallets are arguing with each other what's what's going on with that yes that was that was uh it was kind of surprising like I think a lot of people like to dump and dump on ledger because their their stuff is closed source and and so it's in my mind it's always gonna been like treasure and ink old card kind of like there's a lot more overlap between the two of those but but today I saw like the social media head of treasure and like Hato not who was doing a project together with her and like Novak like yelling at each other and I was kind of like you got like I don't know what kind of your market we're in right now but like people are deciding to just like get extra salty amongst like Maximus I don't know it hurt me a little bit it could be because we're not the point yet where people are buying hardware wallets again during the there was one point like everybody was buying a hardware wallet now no one is so III don't know maybe they're they're a little testy because of that and guys you should buy a heart for control your own private key I think most of the people watching this know that American huddle it's not specific about I don't know if you want to comment about hardware wallet wars or not but you seem to have gotten caught up in Twitter drama before they have you half band or something like that you need to click on your profile to see it but what's up with that oh yeah I'm shadow bad real quick for getting in the shadow bad I will say that we've clearly seen with the use of multi-sig that the hardware wallets are better together than they are as enemies ok so just you know work it out guys no it's a good point I'm shadow banned on Twitter just because I keep using naughty words and saying things that they're not supposed to say I kept getting my account deleted and they just were like alright we're just not gonna delete this guy's account he keeps popping back up so now I'm just heavily shadow banned most people can't even find me in the search function which is fine I'm not in this for you know clout or whatever he's like all these dudes are linked to below but it makes it when you click on your link it makes it seem like it's some forbidden site it's like classic quickl do this extra step in order to see this racy material or what hey dude it's the Streisand effect same thing with Bitcoin it's like people like me more cuz it's like oh man this guy's dirty you know this it's true there are there's certain people out there they just like when people start cursing and stuff they just love that they think of perdon I have an explanation for that actually they found out about the six one five and they thought it was a porn star at 615 flag I don't know if you have any comments on social media a drama or storage device drama yeah so let me shovel my podcast first because the this last season on which I'm working is all about Hardware wallets and I have had the privilege to talk to the creator of the ledger and also the creator of the pit box and the Bitcoin core developer and the former Bitcoin core developer and it was interesting to see that Peter Todd said he doesn't use any cartilage and they're kind of domed and he doesn't see the point in them because uses a much more elaborate setup to secure his keys and he explained it so what I think is that at the end of the day they are all kind of the same I mean the hardware wallets and they fulfill their role at protecting you from malware when you connect them to your computer and some of them have interesting security that's and gimmicks and whatever makes them more attractive and makes them stand out from the crowd but I don't think you can go wrong with any choice and you can even get the key key which is like 20 bucks nowadays and you can run it on the electrum and run your full node and you're much more secure than anyone else was using a more expensive hardware wallet and the stock service that comes with it from the developer so I think that the discussion should mean about using them properly as opposed to finding all sorts of gimmicks and marketing schemes to divide the community and make people argue and if back to my podcast if you listen to some episodes you're going to hear both marketing opinions technical opinions and also advice from security experts and I'm happy that I started the conversation but at the same time I feel like I have only made the decision more difficult in regards to how you should secure your keys and I'm gonna get sloshed next week slashed who is the creator of the treasure and also the creator of the first mining pool in the world I just remember something what happened there was some drama with you on Twitter what was that about somebody I it was a few weeks ago whistling III know there was I forgot what it was now but hey it's the the hardware wall it's better than coinbase people come on at the very least then you said who was the person who said yes a hardware wallet and all because he's so he thinks there's he's so smart though I mean that that that's the thing like for a regular person hardware wallet that seems to be the base level of protection right now we don't doing the trace mayor thing is uh III still want whenever you say there's a better way people start to panic kind I think you've probably learned that by now Vlad with with you're doing during your podcast if you people really start to doubt themselves if they hear if something is a little off for a little a little different what did you but what did you think about when the news came out about again that you know some of these hardware wallets can be compromised in physical if they could physically get ahold of it if they have complicated devices you know these these hacking devices now so dirt claim was never that you can carry them around and leave them wherever and you can be sure that nobody can steal your coins to physical access that will always be a vulnerability and if given enough time and enough resources I think any device can be hacked so if you think only in terms of physical security then yeah maybe it makes sense you get the ledger but at the same time if you care about open pores and multi-sig and all of these nice protocols that are being developed for the treasure and all the cool stuff that it does and the fact that it's 100% transparent and open source then you're just okay with the fact that you don't have a secure element and you should keep it in a safe place and not carry it around with you and possibly take care of the airport when you're crossing borders because as you can see the treasure does not offer you the best type of OPSEC when you look at it it looks very distinct it's not like a USB flash drive like the ledger which i think has the best kind of oxide you know really good point about how it looks they should they should start to make them look this so bland this bland as anything snowing yeah just looks like a USB yeah that would be some some are like that so some of the older and whatnot oh yeah some are just really complicated all right let's we're here at the end of the show basically here so I'll let everybody say things that they they that were left out or topics they wanted to bring up any news about themselves anything we'll start with Adam what what's going on with you any topics that we left off of the show that were big this week that I forgot to bring up anything for me I'm involved in zero projects I'm just a humble toddler attending my SATs I have absolutely nothing going on um the only thing I would recommend for people to do is continue to read read in my opinion Austrian economics I think that gives you like when you when you get into that it just makes Bitcoin seem more and like I get more hyped about hyped up about Bitcoin reading Austrian economics than I do actual like the coin stuff at this point because it's just I realized that this is the right path for the future of monetary development and yeah so that's smiling less comment read your Rothbard read your muse easier Hayek or whatever like you cracks up a humble a humble humble ha they're attending my SATs you've got that from the Bible thing did you get that humble show no no I do have you if you follow me you will see Bob were references from from you know once in a while I'm an elder in a Presbyterian Church so yes yes we've got all we got if you want to see some New Testament quotes he's got in there on his feet that's your thing some of us aren't New Testament guys as you know all right so Vlad what are your what's with your final thoughts or anything that was left off and obviously you'll talk about your podcast and everything since that's a that's big yeah so except for the podcast nowadays I'm working on establishing a series of reviews for Bitcoin only video games as I was in Berlin in October and I talked to a few DL and I saw that there is a growing scene of Bitcoin games where you have incentives and for example there is a Toshi's games that's working on like night and that's a fortnight clone we're shooting enemies we'll have help you earn Satoshi's and if dad manages to become a mainstream game then we can imagine how in the future we're going to see big gaming companies in a able payments not through their virtual currencies but through lightning Network and use bitcoins as the currency and what I'm doing right now is to take all of these games that I can find first of all I do a live stream on Twitch and then I post the video on YouTube so it becomes available forever because which deletes the video after two weeks and I write a review after I get in contact with the developers and better understand how it works and I'm trying to establish this pattern for reviewing video games that are specifically built for Bitcoin and right now it's just a hobby but I hope I can get sponsors and stuff like that to promote products and whatever to make this sustainable so I can branch out for my regular journalism and focus on this because I I can see that it's huge and gaming nowadays as an industry is bigger than Hollywood is bigger than music is just huge and if we manage to find just one game that becomes mainstream and uses lightning then that can be a game changer and no bad pun intended dude you are in the right niche right there I think that's that's huge that that could a game and I'm glad you brought up that those specific games because I've meant to bring them up all my shows before I just I'm not a gamer so I can't really get into that stuff but this is what could bring Bitcoin mainstream and with or lightning mainstream or whatever I think it's I think it is huge that you're it's it's you're on the right track you're in motion and they're in the right direction definitely getting more into that besides the podcast getting into that little niche of a Bitcoin in crypto by the way Adam what do you what do you think about that video games and crypto I love the concept I think he's right I think that there needs to be like like an one thing that like fortnight or something that takes over and there's like the next big game and I got I don't think it's gonna be like a Boomer game my candy crush or something like that it's gonna I think is gonna be more like a like a eSports type of game where like a first-person shooter or something like that or yeah I that's a totally really cool application I think it could be something more like something that's kind of like a Super Smash Brothers 2 type of game or like a cart like Mario Kart type of game I think both of those would like really lend themselves to to that type of thing like for instance if you hit somebody with like a shell you know then you're gonna get us a Toshi or like you got to pay extra satoshis get power-ups to hit people with stuff i don't know it's really interesting stuff maybe there could be like in in like an order for you to like win the Satoshi she's like how are they funding that like are people paying to get in or is it advertising related and then they get paid with that advertising revenue yeah yeah different models in terms of revenue right now and there's one game by lightning games note under games sorry t age and ER games that's the name on Twitter and they have Bitcoin bounce and that's one game that's available on mobile on iOS and Android and they monetize it by watching ads I mean the players watch ads and you also earn every day an amount of satoshis which ranges from 25 to 5,000 depending on your score and how well you do and I did the math actually they pay about $30 in Satoshi's every day at today's rate of 10,000 dollars per Bitcoin and they probably make a lot more from advertisement in terms of games like light night which is a fortnight clone I think they're going to monetize it either true in game purchases like microtransactions and I think that's a huge market for Lightning Network and that's going to prove how powerful it can be and how it works and also they can put some ads it's easy to just place some kind of banners in game or put put ads while the screen is loading and stuff like that I mean I I don't see it being impossible I just see it being hard in the beginning before it takes off because I feel like the market for video games is kind of oversaturated but at the same time it's very irrational to discover the next big trend you never know what's going to catch with these kids who want to play on their tablets and do whatever so I I do hope though that video gaming catches on with Bitcoin because people who play video games are much more literate than investors in terms of using digital currencies and stuff like that very good I like that conclusion that that is a an interesting take he's linked to below all these guys willing to blow both of you dudes thank you very much for being on today we will let the new guy on the show close it all out you could talk video games you talk whatever you want to model whatever was left off and what do you have to say all right listen up newbs my sweet baby noobs okay five years ago I was in my shitty condo I type in Bitcoin on YouTube who comes up the bitcoinmeister okay this guy is the only guy who's been doing it the whole time and I want to tell you like back five years ago I had a choice my wife needed tuition I told the story another pause but it's an important story because it illustrates the fact my wife needed five grand in tuition the price of bitcoins about five hundred dollars I'm looking at my car which is also worth $5,000 and I'm looking at ten bitcoins and I'm saying should I keep ten bitcoins or should I keep my car and I sold my car and wrote a moped for the rest of the summer okay here's one telling you this space is getting hyper-competitive hyper-competitive there are only so many SATs around bitcoin is strictly limited in supply and always will be you need to get your hands on some look around you see what you honestly don't need what comforts in your life or just SATs sitting there right they could end up being tens of thousands hundreds of thousands of dollars and change your life five years from now you can be a totally different person five years if you just make the sacrifices you need to make right fucking now sorry for swearing yeah so you like know the game you're playing this is deadly serious you need to do what it takes to win Bitcoin is gonna be a million dollars before the end of the decade that is a fact I put that on everything all right come find me if it doesn't happen I'll give you your money back fertile gratification people deferral of great that is what he's talking about it was so good that you were able to sell your car instead of a get rid of God that would've been such a bad mistake all right on that note and thank you I'm glad you've been watching the show for these five years it's well it's a lot different than 2015 isn't it this world dude is what we dreamed of and we're living the dream baby we're all it's amazing so I can only imagine what this Golden Age decade is gonna bring us in 2025 in uh in five years so one day closer to an all-time high people guest thank you thank you very much you all rocked it today I am remember you can see this show every Friday the guests will all return they'll be back i'm adam meister the bitcoinmeister the disrupt meister we do a new show here every day saturday show is the beyond bitcoin show you never know what time these things are gonna come on so just follow me on twitter a tech lot to e CH b al t follow all these guys on twitter best guess in the freaking space are on this show i bring you some what leaders i bring you guys you really use their heads they're not fancy sets or graphics just the regular wise 615 inch guys subscribe to show like the video share this video check out the links below shabbat shalom everyone we will see you next weeks tomorrow everyone have a strong hand and do whatever you do on this 14th of february value your wealth in bitcoin you guys later bye-bye right
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