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Lebanon horror story reminds us of why Bitcoin matters and why most people don't care! Kraken, Q&A!

Hello everyone this is adam meister the bitcoinmeister the disrupt meister welcome to the one bitcoin show today is June the 25th 2020 strong hand long-term thinking bitcoin is next Bitcoin one day closer to an all-time high fitting in is overrated one Bitcoin equals one Bitcoin I'm offended by selling conviction alright bye old dudes hey hello Maile friends hello hello hello if you have questions I have answers typing bitcoinmeister do a super chat strong hand 20 24 babies never too early get ready you strong handers get ready for Friday also by the way this week in Bitcoin is going to be on andy hoffman Mauricio and Gabriel in Chile so we're gonna hear about South America we're gonna hear about all sorts of things tomorrow 2:00 pm

Baltimore time that's 11:00 pm in Los Angeles I'm an astral North Carolina disrupt meister comm 1700 old videos of mine that's my archives disrupt meister comm subscribe to the backup channel below that's where we get beyond bitcoin every single Saturday night at the backup channel and every day you get flashbacks there oh the bitcoin Michael Meister ecosystem center around the tech bolt te CH ba ba LT Twitter feed follow me over there dudes and you'll get all the information speaking about andy hoffman and dates he he's always a day that analyzes times and dates i I like some of the things he comes up with here and I noticed this also the last for Bitcoin pumps were all Monday mornings in four of the last five weeks so yeah we've had they haven't been manic Mondays they've been pumpin Monday's after these classic weekend downturns so I need why ask why I I'm not worried about it but it but for those of you who get down on mondays I don't think you've been getting down on Mondays lately you've been a fiat freak all right dudes yes people are in the chat and they're saying pounding and I say timeout like button people people know these sayings around here Adam Meister catchphrases all over the place I'm coming up with new ones every day new show every day new phrases every day you never know what you're gonna get here now speaking of dates and speaking of Friday of course this week your bitcoins gonna rock on Friday but something that might not exactly Rock coin deskah points this out and I'm just reminding everyone options market faces record 1 billion dollar X 3 on Friday all right dudes that causes turbulence sometimes hey I don't play in the options markets all this nonsense I own the real thing and that's Bitcoin okay but people play games with it bet on the future okay tomorrow is the end of the first half of well it's the it's a day to get it's the we're gonna still have more of the first car of the first half of the year in numerically but that's the X that's that's the the expiration date right there okay dude so it'll cause some turbulence and Frank so get ready or maybe it won't but don't freak out and start emailing why is this happening it's happening it dropped below 9,000 because of that I'm just saying get ready for it to drop below 9,000 tomorrow if it doesn't Hey then you're happy and it's all about 2024 anyway strong hands long-term thinking on confiscated will says Frank Barry he sent a dollar 99 in the super chat chat thank you dude Frank Barry related to Halle Berry I don't know you never know alright now Dan Quisenberry no not related then okay now we talked about 700 Steve out in Bitcoin in the 8000s those of you who stay up Tola all hours of the night like I do haha noticed that Bitcoin it went below 9000 but if you don't spend these you know you know stay up late you never want to know its back in there the 9000 realm again but dudes it's just like 2016 after the having it's gonna go up and down and be boring and yeah you'll be disappointed sometimes when it gets back into the eight thousands over Rome nine thousands long-term thinking dudes long-term thinking's you guys watching this in October of 2021 you're laughing your toughest is off right now and us worrying about 8,000 and 9,000 you you Adam Meister of October of 2021 you are in the realm baby you are loving it alright whatever that realm may be you you've got answers that I don't have right now yeah I mean you know what the price is gonna be on October 19 20 21 I don't because you're there and remember if you're watching this in the future check out all the archives that disrupt meister dot-com they're pretty entertaining now yes what is this Lebanon time okay I've got I've got an interesting take on this Lebanon thing okay because everybody's retweeting the Lebanon thing today everybody's retweeting the Krakken BTC server thing today that should be in there like a part of this show what is the most tweeted thing by respectable retweeted thing by respectable people out there and so I mean I've seen this with so many different feeds as Lebanon so let's say this so a lady a Lebanon a woman in Lebanon Lebanon is going through terrible inflation now okay horrible banking crisis financial crisis we've been talking about this on this show since October when I was in Australia with a real Lebanese Australian named Hass McCook town that like button but okay I'm gonna give you a little bit more of a take on this how would you feel if your life time savings disappear tomorrow I'm only 34 and this is a late name adalah de la ma ma blood messed up her name but okay she's only 34 but I've spent the last decade working hard building my career saving for the future now it's all gone it's mere ink on paper I'm still in denial but reality is slowly sinking in so she tried to be a responsible human being and she she saved money she earned money and she valued her wealth in the lebanon lebanese currency for some reason now okay and and so many people around the world do that they're hooked on their lurk local fiat currency so so she this lady was also but this lady and i just spit on my brand-new computer man all right got that off there anyway this this lady yeah you get to see it on here I don't care sometimes the spit comes flying out of my mouth but this is not some ordinary lebanese lady that's never been out of Lebanon okay let's let's go over her background as I checked out her Twitter feed she's a journalist and a CEO is senior video producer at The Associated Press she was formerly with Al Jazeera English and she's a graduate of the Columbia School of Journalism the London School of Economics and political science and American University in Beirut now this is what she says I mean I'm gonna believe her so she went she graduated from the London School of Economics and she ended up in the situation with losing all her wealth in Lebanese currency I mean what are they teaching over there what's going on over there I mean because we all know I mean what everybody retweeted this because bitcoin is the answer if you eat you don't have to worry about it being devalued you should be valuing your Roth the bitcoin you should be getting out of all your third world currencies into this stuff right now I've talked about it for south and with South Africa a million times but this woman this lady and also she's worth per she works for The Associated Press she's a big reporter and producer reporter whatever she is okay yeah I again it's it's unfortunate she's lost all her value she's it's been inflated her her Lebanese currency but shouldn't a woman of and this just shows you that the disconnect you can have these highfalutin degrees okay from the London School of Economics you can work for the mass freakin media and just you are stuck in the mainstream narrative so much that you just blindly value your wealth in whatever your government tells you to do now this woman especially she's she's a Columbia School of Journalism she wasn't in New York I'm surprised she did not have a United States is some dollars somewhere London School of Economics you studied economics he didn't have dollars backing you up anywhere here but again this for all you people are believed experts believe experts believe the media there's your expert there's your media person right there she's an expert Columbia School journalism that said when the best journalism schools out there London School of Economics she's neck she's an expert expert in getting in and playing a lot of money for education there this is air West says believe the experts there there's your expert and they don't know a thing about bitcoin and clearly even going through this lungs go back anomic she was keeping her money in Lebanese currency this is again maybe her credentials maybe she's a completely lying about her credentials I I'm not accusing her that I believe her I believe her and and I believe there are plenty other people who went to the London School of Economics who aren't gonna learn who are going to be in the Bitcoin either unless something disastrous like this happens to them okay and that disastrous things they're not above us with their great education in economics that they still get caught in the hyperinflation type of situation so yeah you can learn a lot from that tweet just not you can just you know scream out the you know Bitcoin Soulstice you can you can sit you can leave it at that okay but dig a little little deeper and you'll see why always the media all these people in the traditional schooling world they're never going to say they're never going to say Bitcoin solves this I mean some of them will but you can see that plenty of them aren't ready to say it right now if they're still bowing they're valuing their wealth in their local currency all right so that's the Adam Meister take on it and that's why you're watching this show and it's a you know I'm a unique piece you're not gonna get that take anywhere else this is your home for Bitcoin insider information and that's not insider information that's just a unique take on what everybody is tweeting out today now Nick Carter added onto this this is desperately sad and it is sad and it's precisely why the notion that savers should be forced to rely on their local sovereign monetary policy is completely barbaric governments periodically go berserk and plunder the currency they impose on citizens to bail themselves out so yeah note savers should not be forced to rely on their local sovereign monetary policy and they're no longer forced to okay they have the Bitcoin backdoor to get into now okay everybody can find a way into it so find a way to find a way into it it is it's a you're being a barbarian unto yourself if you stick it if you stick with your South African Rand okay found that like button now cracking everybody's talking about Kraken Kraken is uh we just made the largest ever grant to be tcp pay server sending the project $150,000 in bitcoin for future development and everyone is just just saying up BTC pay server is so great they're read more about the grant and Krakens continued commitment to open source so everyone has retweeted this everybody on their mother more than the lebanon retweet even and you know what cracking do they do this out of the goodness of their hearts i don't know but it's marketing this is marketing this gets you into everyone's faces into the gamblers faces all the people in crypto twitter who wouldn't who don't give a rat's behind about about the BTC pay server at all that you know just want to trade their flavor of the month for ripple for some other flavor of the month it's so cracking it this good it's made its 150 dozen there's no big deal for them it is a good cause apparently BTC pay server and their that this is a free this is how you market in the space or this is a way to market in the space where everyone who although P all the people who hate marketing out there supposedly who know what who don't want marketer some of the pink the bitcoin Inquisition people they just automatically they retweet this and they don't realize that they are mark their marketing for cracking right there okay John Berkshire says it bitcoin would be an IQ test 98% would fail well yet quite cry I don't know 98 percent but it's quite quite a lot would fail maybe big Bitcoin test right there because people are compliant and blindly follow their government and blindly follow the experts and want to become an expert without actually using their brain okay you can become an expert without using the critical thinking portions on your brain you you look you become very book smart you learn everything at the London School of Economics that's in the book and you don't actually apply it to real life into your real life and bad things can happen now let me uh I got people in the chat okay UK bitcoin master says you crack me up alright and UK Bitcoin mastered you had a good show today everybody check that out on UK Bitcoin and follow him on Twitter of course UK Bitcoin master alright and sports meister calm by the way you can listen to all my shows over there if you don't if you don't need to see my face and hopefully you don't play this at Truax by the way if you're watching this tape I'm loud look at this nice cabin here man oh wait I just yeah look at the background if you care about I know well I gotta go running soon dudes what's what's up here what's with at Coyne desk okay so here we go Coyne desk let's talk about Coyne desk this is an actual headline from Coyne desk I don't has it jumped the shark yet that this headline might symbolize Navy jumping of the shark IBM spawns block blockchain for Norwegian salmon fisheries oh man Ibn spawns blockchain for Norwegian salmon fisheries private bunny internet intranet 1997 found that like button all right every little every little blockchain that's out there that a company is involved with in the most freakish of industries coin desk must must mention now I don't link to that story because it's so ridiculous but that's that's your mainstream crypto media there right there now Zak is good Zak didn't write that one sackful is good okay this week Bitcoin I ever inbound here what else do I have yeah watch the backup channel and the last few shows have been very interesting here I had the guy grant from coin firm that says he can reclaim your crypto if you lost it or he can help you people are very interested in that because so many people have lost Bitcoin it's a long shot but it's if you already had your Bitcoin stolen from you why not give this guy your information about the stolen Bitcoin it's no longer yours so it's worth a shot that's that's that was which day was a Tuesday night's show now we're Thursday oh here's a great quote smart the smartphone is the most invasive surveillance device our species has ever invented and guess what dudes I don't own one pound that like button but I do agree it's it is one of the most invasive surveillance devices FCC has ever invented is it the most item but it's gotta be one of them it's horrible so happy not to have one to be on a leash like that now we're gonna we're gonna talk about great everybody blitzkrieg Michael Krieger who has been on the show before I've been trying he says this I've been trying to show a better way by writing on core issues for a decade probably thousands of posts by now other than Bitcoin I haven't seen anything truly interesting as far as pushback against the status quo in fact it seems to be getting more directionless over time so we have a lot of people out there today that think they're changing the status quo by ripping down on our statues and by trying to shame people and in fact they're they're becoming its direct it's chaos it's directionless they're not changing anything they're not really even identifying what what is the status quo that they're trying to change bitcoin you can make the argument and he's saying this that it is and it has changed the the financial status quo and what else has what else has shattered at least challenged it at least challenged the financial there's people for years because I hate the Fed I hate the the inflationary monetary system woe is me woe is me how will we get out of this gold some people have sick oh well here we go this is truly a child this is a way you can easily get out of the system and see if all your complaints well it you're competing you're not you're not complaining any and any longer so yeah instead of all these people complaining make some competition to the status quo and this has definitely been now the internet was of course competition to to the status quo of so many different aspects of life okay but he's just talking about that and the last ten years is he's talking yeah yeah well we've gone through through the last ten years and Bitcoin has been in an incredible challenge to the status quo and all these people running around in the streets burning things ripping things down I don't know I don't there I don't know if they're even trying to accomplish anything at this point so Bitcoin baby and a bit very good tweet their inspirational tweet liberty blitzkrieg now finally one two three noscope you get the last question of the day many articles out talking about an upcoming crash in the US dollar I don't believe we will have a complete crash and hyperinflation but do you think 10% inflation is possible well no not for this year do I think 10% inflation is possible in in twenty by the end of twenty first of all I don't believe in the crash in United States dollar I do not believe in hyperinflation of the United States dollar I do believe that we will see inflation in certain parts of the economy in late 2021 I do I mean we see stocks are inflated right now okay and this inflation that we're gonna see it's it's it's gonna be oh definitely caused by some money printing and that money being thrown into the people who get a hold of it first investing it into all sorts of industries that don't deserve to survive and prices and those industries will go up but also in terms of government interference the government has picked winners and losers it shuts down certain businesses it allows certain people to work the the government in interference this year in 2020 has been incredible has been chaotic and we will feel that in inflationary terms in certain if you some of these businesses that are going to reopen they're gonna need a jack up the prices of everything that they haven't been able to sell for a while so that's inflationary right there that's inflationary right there and but but oh calling for an overall 10 percent inflation number I'm not going to do that that's like 1979 type of stuff or I don't know 1979 they have places supposedly was worse than that wasn't it I don't know 15 percent Jimmy Carter with his uh I mean you could watch it on YouTube you just telling everybody not to use energy anymore so okay the question is that the point is no I don't know if we're going to get I this is the thing if you're a twenty percent or if you have real assets especially Bitcoin you're gonna be happy because if those things inflate ten percent well you already have them okay but all those people who buy their big-screen TVs you buy their cars you buy this than the other who don't buy assets who live for the day they're gonna be very envious and angry when if there is ten percent inflation but I don't think what in terms of food ten percent year-over-year inflation now it I don't think we'll see that and I think I think we will see inflation but again dollar is the best of the bunch and people will run back to the dollar and we'll get rid of a full inflation for a time in the dollar world at least why why play that rollercoaster game why even worry about that just being the Bitcoin you don't even have to worry about that stuff definitely again reminder for my friends that are watching this in countries that are not the United States are not the European Union or Japan or any of those first tier second tier currencies dudes you will experience in ten percent inflation okay you third tier currencies etc etc etc that that'll be a that'll be a good dream for you guys ten percent inflation in those third tier type of currencies out there so getting the big you're the ones who really should get in the Bitcoin you're the ones that unfortunately are not getting into into Bitcoin it's the people in the first world in in in the United States dominates Bitcoin we're the ones with the best freakin fiat currency out there and we're the ones that are getting in the Bitcoin at the high right hey we're explorers baby we're freakin in motion found that like button but just because you're in Lebanon doesn't mean you can say you didn't know about it that's not an excuse it's not an excuse get in the news is out there don't believe the experts because even the experts clearly get bamboozled and fooled and don't aren't really experts I'm Anna meister the bitcoinmeister the disrupt meister remember to subscribe this channel like this video check out the links below 2 pm tomorrow east coast baltimore time this week in Bitcoin I will see you then have fun I'll say say hi to everybody in the chat now bye bye