The Bitcoin Group #344 - Bitcoin $24,000 - Ordinal

The Bitcoin Group, the American original. For over the last 10 seconds, the sharpest satoshi's, the best Bitcoin, the hardest cryptocurrency talk. We'd like to welcome our panelists, Dan Eave, the crypto raptor. Hello, sir, Friday folks. And I'm Thomas Hunt from the World Crypto Network. Moving on to issue one issue one Bitcoin briefly rises above $24,000, extending its new years rally amid a broader gain in tech

stocks. That's right. Dan, the price of Bitcoin is back. What do you think is this the real rally? Or is it possible that it could still go lower? So it went out left. What I'm saying is because I was anticipating that it was, you know, as January, historically, has been pretty poo for Bitcoin. And as this article says, this is actually the biggest, the, the, the,

the most, what's the word? It's the biggest January pumps in 2013, which is pretty much when I got into Bitcoin and thought to myself, no, Bitcoin's not going to go out that much. I'll wait to buy some. And then obviously it got it went up a lot more. So 10 years on, plus 10 years, plus on, and I haven't learned from my, my mistake. But obviously,

there's a bit of a wider gain from the tech stocks. So Bitcoin's, you know, I would say riding on the curtels of that, but it just seems to be there's the, the, the, the interest rates going up, then maybe people are thinking, well, inflation, although they want to put the interest rates up to curb inflation a bit, it's not going anywhere for now. So might as

well keep on putting your money into Bitcoin. But ultimately, it's, it's 24,000. It's still about third of its, which is under a third of it over a third, but sorry, all time high. And, and I think people can see that it's very much a discount right now. And I was hoping it would be a mega discount about half this price. I was like, wait for 12k.

But no, it's, you know, the thing is, you've got to think to yourself, is the dollar cost averaging really does work? Because if I hadn't, if just actually dollar cost averaged instead of waiting for a massive fire. So then things would be different right now. But there's still time, you know, I think people are still thinking that this is a bit of a, a, a ball

trap as the technical analyst say with their triangles and such and contractors and all those things and that they use for their charting. So maybe there will be a bit of a pullback. I don't know, I'm kind of hoping there is obviously. So I can actually get some, get some stacks and sats. But either way, Bitcoin's here. To stay. It is amazing. The Bitcoin never does

what you want it to. You always want it to go a little lower. You always want to get a piece. And like Dan saying, that is the real power of dollar cost averaging. If you're buying like $100 a week, you'll get a taste of each one of the buys. You never know when a crazy event like this happens where Bitcoin goes up 30% in a week

or whatever it just did that kind of thing. And if you get the benefits, if you're in the market, I did have some low, indicators there. A friend of mine told me Bitcoin was dead. And I was like, Oh, I should mark that on the chart. That's impossible. And really we've gone nowhere up from there. A lot of people use Kramer as an inverse indicator. Kramer

said, get out of crypto, sell everything. And a lot of people have marked that as the bottom. I don't know if this is the true bottom or the end of it. We've had people like Kathy Wood with her investment company coming out, saying that Bitcoin could go to $500,000. And she put another 1.5 million of her investment money into Bitcoin. She was also buying Tesla and

Coinbase stocks at the low, as was I, but with far smaller stacks. I think Kathy Wood moves around some heavy money. Dan, what do you think about Kathy Woods predictions? And more on that? Well, I think was it this week actually the Coinbase won their appeal against the SEC. So that I mean, there actually, wow, they're actually eight to eight percent down today, which is interesting.

Well, the days is a stock thing. But yeah, Coinbase went up 25% yesterday, matching Facebook for 25% or meta for 25% up on the day. And yeah, because Coinbase won that lawsuit, they got the government to dismiss it. I think it was about their earn program. And what the government said is that it was basically it was just marketing. What's the court's decision is that Coinbase

didn't actually give out any loans. So there are no penalties to come down here. They attempted to offer the earn program, but they were blocked by regulators. Yeah, it was a coinbase that brought what earned the earn used to be 21.co, right? Is it 21.co? They did buy 21.co and they earn it can also be confusing. Because I think the Winkle Vi with their Gemini had

an earn program. And that's currently the thing that lost all of its money allegedly through Genesis trading, which gave the money out to FTX, which gambled the money on hot dogs or something. So yeah, it seems like, you know, it does, we've reached or actually passed that part now, we're essentially up for 13 months. If it's the end of March, so 13, say 13 and a

half months away from the next Bitcoin Harvining. So it really is, it really is coming very, very fast. I mean, it seems like only yesterday we did like the the Harvining show in 2020. And it's 2023 time absolutely flies. So it's not going to, you know, Bitcoin's not going to stay low forever. And although no one can, you know, it's very well, say no, someone probably

did call the bottom, but very few people can call the bottom. So you just need to wait for a period where Bitcoin seems lower. than than that it should be, right? And it should be higher right now. I think that there was extra turmoil laid on by the older brother, the sort of the great war of Russia and Ukraine. And that's had a lot of lasting

effects. And I think that we probably should have been, we probably, yeah, I don't know, maybe we should have been a bit higher by now, if it wasn't for that. But then that wouldn't be in pattern with the 85% loss from all time highs, you know, at 15 months before the Harvining. So maybe we are on the upturn. I don't know. Get the triangles out. It

wasn't for the war in Russia. If it wasn't for FTX, I think what's important here is that we're back out of the FTX six month downturn, if you look at that. And it can be so hard to try to time the bottom of Bitcoin. Usually it's when you feel the most despair. When you feel like selling, that's usually when you need to buy more. So that

could be very difficult for people to do. That's why you wonder why people are hotling. And it seems like such a stressful strategy, because you lose all this money. But then on a day where it goes up, you're like, ah, that's why I haudled because I didn't know it would be Tuesday. You know, everyone's like, oh, if only you just invest this or that, if you're

hotling, if your dollar cost averaging, you get the advantage of these ups. But you also see a lot of downs. Whereas people who had a stop loss or something like that, you'd be right out of the market, but you'd be right out of these ups. The altcoins went up as well. Ethereum following. Polygon, Apto, some other ones went up crazy, but it's time for you to

compete against the Bitcoin predictor ball. The prices Bitcoin's been up recently will be higher or lower this time next week. I'm selfish purposes. I'm predicting and hoping is lower. I will continue to stick with higher. I've been pretty bullish about Bitcoin. But if you have that, that Kathy would long term approach where you're like 500K, a million dollars, you know, what's a, what's a couple thousand

here there if you're going to go to that level. So here we are. What does the ball say? This is the baldest, truest predictor we just had groundhog day. I didn't even get to watch it. I'd love to watch groundhog day again. But here we are. Will the price of Bitcoin be higher this time next week? Yes. Definitely. Yes. Definitely. The ball has spoken positivity rules

the land moving on to issue two issue to Bitcoin community erupts in existential debate over NFT project. Ordinals. Some are calling the new protocol, which stores NFTs a K a J pegs on Bitcoin and attack on the blockchain's original mission to conduct financial transactions. Others say the new use case should be embraced along other demand. For block space. Thomas Hunt. I have to call on myself

here. So I guess this is possibly possibly partially my fault. Also, Theo Goodman's fault and rare pet base fault. We all wanted these collectible trading cards. And we all thought it was fun. And what we used to do is things like the inner planetary file system. You could store your file in there. And you could just store a link to the file. That way you would

have to store the whole file. What they seem to be doing now with ordinals from what I've read is storing the entire JPEG in the Bitcoin blockchain. Now there's a great back and forth debate on this with Luke to share. And it was they were going back and forth. And basically because of segwit, the blocks can look like they're official like they follow the rules. But

only contain a JPEG. So if you're willing to pay to put the JPEG in there, you can buy the block space. So it's like a market. It's a whole thing. Now does this make the blockchain too big? Does this go back into the whole big block small blocks thing? Does it push out other legitimate transactions? People actually using Bitcoin. Yes, it does. Yes, it's going to

be a problem. Yes, it's a big complex mix. But people want to collect their trading cards at the very core of this. These are similar to colored coins that we used to have, or the idea that Satoshi's could be numbered. And it's something that I've been talking about for years with the whole segwit to be back and forth. This does help having the Satoshi's number. It

does help does help things like Carpellis with Mt. Gawksweights like the money stolen and we're like, well, it was Satoshi number 105 that was stolen. Check your list. You have this one so on and so forth. It helps for a lot of things. It hurts for a lot. A lot of other things. That's why it's such a great topic. I wish we had more people here

to debate. Dan, what do you think about Ordinals? Adding JPEGs, NFTs and basically a whole lot of data to the blockchain. Well, it's definitely, it's definitely kicked a horn in snest, right? I mean, so Luke Tashir has been, he's been advocating for smaller blocks for a long while. Maybe that's because he prophesied. He saw this coming that it would be used for non-financial transactions. And I

think he's tweet when someone said, how did they manage to do it if it wasn't in the rules? And he said, by lying and tricking the code. That's just brilliant. But at the end of the day, it's a difficult one because it's a free market, it's a free market, fee market. So if people want to pay for the block space, the miners can pay for it.

There's obviously, there's been a bit of outbrew about people saying that these transactions should be censored when maybe the better approach would be saying, if you want to avoid using the censorship word, but it's difficult to avoid the censorship. But if you don't want it in, they educate people as to why it's not. It's bad, but not say the censored, the seaworth, the censorship word. But

ultimately, there's other people that are advocating for it because they're saying, this is going to drive up demand for block space. And it's going to improve, it's going to not improve. It's going to make the fee market compensate for the block for the harvelling. Right. So as the block rewards go down, there needs to be real demand for the via fees for the transactions. So the

Bitcoin can stay healthy and secure. So I can see kind of both both both sides of both sides of the, you know, the discussion. Someone else to be clear there, Dan, you just said that NFTs could save Bitcoin. Oh, yeah. That's, I was not even paraphrasing. It's, but no, technically, yeah, I mean, that's a thing, right? If people are, if there's a discussion about the, the

fact that the block, the block harvelling could be a threat to Bitcoin, because the mine is up to be paid enough fees. And you're putting demand in other ways by adding other utility, then, you know, this logically, you would increase the fee struck, increase the fee incentives. And therefore, make help bolster Bitcoin security, because, yeah, you could. Well, you know, I'd like to thank the academy.

I'd like to thank my agent and all the little people out there. When we had the idea and we said, Hey, let's bring art and collectibles and baseball cards and fun to the blockchain and sure we brought it to Ethereum. Other people brought it to counter party and we all traded all those cards together. Who would know? You know, mere five years later, people would say,

Hey, we can solve the Bitcoin fee market problem with NFTs. I'm excited. I think it's great. I think it's a cool idea at the end of the day is it's using Bitcoin for more than just financial transactions. Obviously, that's some people deemed that as an attack on Bitcoin. But one thing that that was brought up in the Coinbase article was that people are likening it to,

to, to, to, what's the word to the, um, I'm trying to think now. So the center of transactions is being likened to just, you know, it's, it's taking it beyond this. It's original use case of money. And therefore, it's, you know, it's defaming Bitcoin. By it and not necessarily attack on Bitcoin, but it's an attack on the, it's use of, as a financial instrument, because you're

impeding it growing as a financial instrument by using it for other, for other purposes. So, you know, it's going to make fees more expensive for people that do want to use it for just, you know, normal transactions. Now, obviously we've got lightning network that, that makes the, the fee structure or the fees are a lot better and makes you help us you transact Bitcoin. You know,

it's what's up pennies, rather than, you know, paying for, you know, a dollar or whatever the average transaction is, at the moment. Um, but, uh, at the moment, it's, it's, it's difficult to, to see, from my perspective, how this isn't kind of a positive thing. I mean, it's definitely sparked a bit of a bit more debate in, in the open, in the open arena. But, and

if people might as want to, one a sense of the transactions, they, they can. But ultimately, that miners want to make money. And I know that people will say, oh, I'm mine. That's secure the network, but miners need to make money. And so if you're going to take a fee from some guy who's put on a monkey J peg on Bitcoin, and it's going to give

you more money than somebody's paying for a normal transaction, then you're going to take the monkey J peg. Exit question, our NFTs, ordinals, good for Bitcoin, Thomas Hunt. Well, I don't know if they're good, but I think I agree with Dan that they're fun. They're exciting. They're different. It's happening to everybody. I like the way that this kind of collectibles idea keeps coming up in everybody's

faces. They're like, well, I never thought of it as a collectible. But now I have to because maybe these are collectible Satoshi's maybe they are really nice. Maybe one time Adam backs and use some Satoshi's and you should have saved them. I don't know. Maybe Peter Todd bought a hat off your brother. All kinds of things happen and people get collectible Satoshi's, but now they'll be

able to mark them with a J peg. All they have to do is buy a whole block, which I suppose will cost more and more in the future. So I'm going to go with good now, probably bad later. It's like tribbles. They're cute at first, but they get out of hand. So I could see some kind of limitations. Maybe one of every 10 blocks is reserved

for financial transactions or one of every 10 blocks is reserved for Lightning Network to get those packets through some kind of moderation. But again, that would probably be a hard fork. That's probably going to be a new network. And a whole nother battle to the death. So I don't know how they're going to solve this except that it might just be a fad and it'll blow

over, especially as a block prices increase. Maybe it's time for a happening. I would ask Satoshi. Dan, Eve, what do you think are ordinals Bitcoin NFTs good for Bitcoin? I think they're kind of good in the short term in engaging and getting attention from from other people that we're using say Ethereum, right? It's getting more people learning about the technology. There was like a meme I

saw the other day about, you know, F F heads scrambling to learn about Bitcoin and how ordinals work in order to get, you know, to use Bitcoin. So it's kind of it's it's gravity of the gravity of using Bitcoin. So I think it's going to be a lot of things. It's helping out, you know, get people pulling people from other chains that kind of thought, F

was the, you know, Ethereum or whatever was the only place to have your, your NFTs. But long term, if if Bitcoin does become, you know, the financial, the great financial savior that we all believe it to be. Ultimately, the financial transactions will probably dominate and you'll see that the NFT transactions are so few and there'll be only for the most expensive of those NFTs because you

won't have cheap JPEGs, for example, you know, it would be like the, I know, the board eight yacht club of NFTs only that would be, you know, the hot, the top tier NFTs that would be appearing in the blockchain because there's just would be it would be too costly for people to have cheap crap filling the book, filling the blockchain out. So it will only be

like the, the most, you know, what's the word? Yeah, the most extravagant NFTs that you'd find on Bitcoin simply because of the price that it would cost for block space. Now you're just advertising, now you're just making it happen. The most extravagant NFTs, the ones you must get the best ones. We'll have to see moving on. Check out worldcrypto network.com where we've got 30, 30 videos.

That's right. 3000 and 30 videos. We started about nine years ago. Isn't that amazing. Worldcrypto network.com. It's entirely free and it's on YouTube. Issue three, Domus pulled from Apple's App Store in China after two days. Yes, there's a brand new Noster client in the house. It's called Domus, like Noster Domus. No one's going to get that, but we'll explain it anyway. It's a great app. It

allows you to use the Noster Network, which kind of seems like Twitter, but it's really called notes and other stuff relays, something like that. It's a great service. Ben R. Right here on the Worldcrypto Network helped start it with the help of Fiat Jeff and many other great programmers on the internet. Now it's gotten to the point where it's easy to use iPhone app is available

in the App Store. There's also one for Android. Of course, for a little while, it was very popular in China. People could use end to end encryption to talk to anyone they wanted, but of course China cracked down on it. I heard it was also one of the top apps in Hong Kong. I'm not sure if Hong Kong has banned it yet either, but still, this

is why we can't have nice things, but it works in much the rest of the world. Dan, Eve, what do you think of Noster Domus and the rush to replace Twitter? I feel a little embarrassed now because I didn't know. I didn't click about the the Domus being Noster Domus. That's that's really quite cool. It was only a matter of time right. Chinese say, heavy on

their censorship that they have to crack down on this because they really don't like dissent as we've seen for the years, especially with the lockdown COVID visits where people were live tweeting their situation and they'd have the government turn up at their door telling them to tweet. So unfortunately, it didn't last very long, but soon enough, there's going to be other different, there's going to be

other different implementations and people will find their way around it as they as they always do. Just like miners find that found their way around sneaky ways of mining Bitcoin still in China. Obviously, on a much lower scale. But ultimately, I think there's been quite a lot of uproar with with since Elon took over Twitter. So you've got people that are itching to find a new

channel to communicate on. Obviously with Bitcoin and the decentralized network, you know, nature of Bitcoin, that's, we've got a lot of heads turned and looking at Noster as an alternative to Twitter. And also because of the censorship, right. So people don't like the idea that content should be censored. And you should, you should be able to block, you know, block your own content, but just curate

your own content without an algorithm doing it for you that you're not too happy with. Well, ultimately, it seems like it's not going to be a good idea. It's like the user base of Noster, I can't remember the specific figures, but it's growing it insanely fast. And it's going to be big. It's going to be very, very big. And it's going to be potentially unstoppable if

it becomes decentralized enough. So there are still centralized servers. I think it was like, was it 300 or something running, running, darn this. But the more we creep into decentralizing that, then the more it's going to become an unstoppable force like Bitcoin and becoming center. So, you know, sense of resistance and just different implementations, right. There's, because Darmus is just an interface to Noster, right. It's

not so, so we're just going to see it will end up being whack a mole with different interfaces popping up the interact with with Noster. So, I wonder if the other countries will follow suit. I mean, even the EU has turned round and said as an organization and said, they said, what was it? They said something like, you know, when Elon took over Twitter, like, you've

got to comply, you know, with with our rules. And so if I wonder how Noster would be viewed by by them, if Twitter, which is a centralized organization, isn't censoring stuff. Then how is an unsensurable platform like Noster going to fare, you know, what's their opinion going to be to that. So it'd be interesting to see how, how the EU and other other countries governments react

to a censorship resistant. And form of Twitter. Well, that is always the problem with the centralized services like Twitter. They always start out really well. And then when it's time to censor them or shut them down, you know, exactly where to go to. So they grow really quickly because of their centralized nature. They get advertising and VC and other funding, but they're also open to this

government or lawsuit attack. I would say, yeah, Dan, Darmus is the easiest way to get on Noster. But certainly not the only way. So if the Chinese citizens want to work around it, they can, they're really only stopping kind of low tech Chinese citizens. So maybe grandma can't communicate with end and encryption using this weird software. But, you know, the kids certainly can. And, you know,

maybe a problem for them. There are relays where you can pay to have censorship as a feature. Remember the the at downside of censorship is things like 4chan and 8chan and absolute like discussed madness and pissing people off for fun and all that. And if you wanted to pay, there are certain realize already popping up, which fulfill what Neil Stephenson wrote about in his book, a

fail or dodge and hell. And he wrote about how the internet would be so filled with lies that you would have to get a professional editor to filter your feed so that you could read some truth and also to filter your public feed so that some truth could be out there about you because every amount of the content that you want to talk about is bad,

and you know, I mean, I think it's just a bad idea. It's just a bad idea. And I feel that we just got so close to that so fast. I remember just last year, a few years ago and the other guys are working on this idea, they were describing it. Now it's here. It got name check. In Elon Musk's threatening letter when he said, no one

can promote any social networks but me on Twitter and he put Ann Noster in there. And I was like, Whoa, what is he talking about and. I'm just too lazy. But by the time this one's out, it hit the Apple I store. I tried it out. It's really easy to use as a user. You don't know that it's running relays or anything like that. It just

seems like Twitter. It's pretty quiet over there. Still trying to get some followers trying to get some people chat and get going all the Bitcoin people are very excited about it on normal Twitter. But when you get over to actual Noster, it's still quiet. So we could use a little bit of a little bit more of that excitement in writing some posts, even if they're maybe

about something else. But yeah, dad, it's definitely the time for the Twitter clients, the Twitter clones to rise up. I'm also on the network called Spoutable, which is very cool. It's been started by Chris Boosie and the bot Sentinel people. So they have a big focus on stopping hate speech and stopping kind of negative action on Twitter. So they're going to have more of a controlled

environment. If that would interest you. There's also one called spill. Which has been started by former Twitter employees. And which like Spoutable is actually both Black owned businesses. So it's very cool. It's very interesting to see some alternatives to Twitter, which was started so long ago at South by Southwest when they got their big break and pretty much run by white guys and now bought by

a white guy. So we are getting some alternatives there and other places. No one knows which one will take off and win like Dan said, Noster has been gaining a lot of users, especially with this easy to use iOS app beyond the Bitcoin community though. Beyond that, I'm not sure. But if it keeps adding features, if it keeps getting better. If it has these relays with

the censorship, which unfortunately will probably be necessary, we're talking mainly like house cleaning. It's like not like a pinion shaping more like just no horrible stuff. Ah yeah, of course it starts off that way. Really. I like that meme made me think of that meme like people pay people. Some people can pay for censorship if they like and it made me think of that like, govern

me harder. Daddy meme. Sensor me harder. Daddy. Oh yeah. Oh yeah. I give you. I give you $10 a sense of sense of the hell out of me. Yeah. It seems funny. It is funny. I'm paying for more censorship. But on the end, I mean, that having the whole study and especially the untrue come in because you know, if you if you trust your new source

and you're reading it. And it like flashes up something just completely untrue. You naturally get fooled because it's your new source. And if you want that to stop happening, because it happens like many times a day over and over. Maybe you would go for the more censored or filtered or edited or whatever. Where do you want to use echo chamber? Echo. If you want, if you

want to make you, if you want to make the echo is more prominent than you can sense the things that you disagree with. Even if they maybe factually true. I don't just seems a bit. I dare I say slippery slopey that it says, oh, it's just housekeeping. But then there would be more like, well, I don't really agree with this opinion. So I don't think the

people who are running through this note should should have to hear that opinion as well. I don't know. I think that there's and there's a very everything's there's lots of things that are very. There's a you know, subjective in terms of how you view how you view a particular statistic. Whether you view it as a good thing or a bad thing. And so just by disagreement

over whether something has a net positive or net negative effect. Saying that it's not truthful. I think is it can be a bit dangerous. Yeah, to a certain extent. Obviously there's bad proper bad things of misinformation like like the the the the voicemail making recently like I think was it. I can't remember who it was, but the the AI kind of generated voices. Oh, I think

it was Trump. And it was like, oh, it was terrible. And it was like, and he said he was I can't even remember exactly what's about. But it was basically Trump's voice. And I saw it shared and like, Oh, Trump's gone completely crazy now. He's saying all of this. And it wasn't actually him. It was AI generated. So there is a definitely something where that is

is completely made up and it's dangerous to to share. And not necessarily about Trump. Something else where it could be an authoritative figure saying something that makes people go crazy. And you know, that that's going to be kind of expensive. You know, I'm not sensitive. I think you're right. Oh, God, I said the same one. You've seen you've already fallen down. Well, I just think that

it's not it's not all a slope. We we're going to have some of this. We're going to have a mixture. Yeah. Systems because like you're saying, these deep fakes can be so real. And imagine if you didn't have a filter, you'd be out there. Every news article would freak you out because it would be like Tom Cruise is a horrible racist. And you would read some

of the lower levels of kenya people or office traffic guards from what he did. So maybe he left some of the comments and comments about something horrible. And this person was in a naked thing and it would be naked and this person in it. And it would just be the worst imaginable story 1 after another. Because of the loll right imagine if like the guise who

were trolling today and they write a couple of funny lines of text or whatever. imagine if they could make a full-complete video of a celebrity saying a horrible thing. And it looks perfect, and it sounds perfect. And especially as you know our generation starts aging and so forth these kind of like mixed digital analog generations the people who still believe things when they hear them. You

know most young people today I would hope. I don't know, but I would I would hope that when you tell them something they pull out their phone and they fact check it. They're like oh that's not true or they're like oh no that album was released just because of that. It's like the last time I had a movie that I was like, I was like, I'm

not sure. So I'd be like, I'm not sure, I'm not sure. So I'd be like, I don't know, I'm like, I don't know. So I'd be like, I'm gonna have a movie. I'd be like, I'm not sure. I'm gonna have a movie like a movie that I'm not sure. So I'd be like, I don't know if I could make a movie. I would have a movie.

I'm gonna be like, you know, you idiot. You know cause you could fact check anything, but I figure all the people still believe things. And if you could flash these fake messages at them. I think you could have horrible, horrible results. But then there's a lot, there's a lot of back and forth on this. I think that's why it's a good issue. And we'll definitely be

discussing it again. A movie on the exit question. Dan what do you think? What's your favorite Twitter alternative so far? Nostra or slash Domus? Spoutable spill? Or do you stick with the original Twitter? Go ahead. I'm not going to lie. I haven't really explored other options. I just I just sit on Twitter and you know, I just I just yeah checks them. But I don't even

I don't really use it for anything more than watching. I don't know like random like videos and stuff and like what's it called the dude dude, dude, duge winning or something like that. I kind of like I tried to watch positive things. No, it's the one of like dudes dudes posting their wins. And they're kind of like a lot of them are kind of kind of

dudes posting their W's. That's it. Just like they're pretty uplifting. I kind of like like looking at stuff like that. That's kind of quite positive. You know, like people saving other people from burning buildings. And I try and look at the cause you could just get dragged down, especially in a lot of the politics. There's so much negativity out there. And I find that the more

I read it, the more kind of negative and ratty I get. So I try and look at stuff that makes me that makes me smile. And I haven't really looked at other alternatives to be honest. I haven't spun up. Noster. I should do though. I really should do just just to just to give it a try. But I think that I don't know. I'm quite as

you said, you know, when you have a debate with a friend, you fact check it. And I think I'm quite good at trying to look objectively. Multiple different sources, even if I don't like where the source is that may as long as it provides evidence to contradict, you know, not contradict to prove whatever that it is. But I think a lot of people don't make the

effort. And so they'd rather just have something be done for them. And it's kind of the, you know, this thing of don't trust verify. Some people want to verify everything that they do. And some people want to just trust a source to do it. But the problem is when the when the person who. All the, the outfit, whether the organization, the people that are in charge

of doing that verifying for you, they can, you know, they can go, hey, why? So you still got a, you can't trust every piece of information from every source, because there's always going to be crazy things that slip past the. Well, sadly, I think as the, the older you get, the less you want to try new things, I kind of have my set ways in social

networking, right? I got Facebook with the family pictures and the political opinions of my friends from high school. I got Twitter with the Bitcoin and some politics and maybe some celebrity sci fi little space action, maybe some, you know, lift off announcements. I like when they tell me there's going to be a spaceship taking off. That seems pretty cool. That's a great use for Twitter. So

it is hard to go to these new networks. It's hard to kind of rebuild your family there to rebuild your social network. And a little bit of the, you know, the, the thing that's hard to rebuild, like I'm saying this kind of way of communicating. Like what do I do on, on Nostar? You know, do I put family pictures up? Do I put movie reviews? Like

I'm not sure what it's for yet. Like obviously. I think what dancing if you do have a reason, if you do feel that you've been censored and you've been chased off these platforms, you've gotta be crazy excited because there are so many more platforms. There's so many new ways for you to try to get your opinion across or to just follow people that you like and

not to be blocked if those people have. Or a bowl opinions or great opinions that just haven't come into fashion yet. I don't know. But I think it's great to have all these options, all these alternatives. I'm still with Twitter, like Dan, unfortunately, better or not. Elon's done crazy things, blah, blah, blah, blah. But the thing that really pisses me off is removing the preference panel

for the non algorithmic feed. I want it to just be timeline. Timeline only chronological. Don't ever show me the algorithm. That's what pisses me off. So, but I've been with Twitter a long time. So, but we'll see. Moving on to issue four. Craig writes UK case against 16 Bitcoin developers is expected to go to full is going to full trial. It's expected for early 2024 following

a successful appeal. We've talked about this briefly in the past. This was expected to go to trial. The standards for a trial in the United Kingdom. Of the opinion of people that I've heard so forth are far lower than other countries. So, as whereas this case was eventually dismissed in Norway, this case seems to be going through at least to some of the final or further

stages in the United Kingdom. For a refresher, this case is Craig writes suing the Bitcoin developers for hosting the Bitcoin white paper among other things. I think he also wants them to give him the money. Dan, is this a fake Satoshi record? I'm requesting that the Bitcoin developers help him because he lost his keys to all the money and has no proof. And what do you

think about the UK aspects of this trial as a UK person yourself? I think it's just every core case that happens. It becomes more nuts that he's able to continue, especially after the resounding win from from HODL not where they basically said you've you've been caught out so many times producing fraudulent documents that. It's almost a joke case, right? It's a kangaroo court, as they say.

So, but what's crazy about this is that say his claim alleges that the developers owe fiduciary duties to a right or amend the protocol in order to give him access to 111,000 Bitcoin from two private, two wallets whose private keys were stolen and subsequently erased in a hack. That's nuts. That's saying the developers are responsive. But it's not so much. It's not so much that the

developers are accessible for my incompetence. Like, because let's face it. If he was secure enough, he's that much of a genius than than then he shouldn't be he shouldn't be. I've got that. I feel bad saying that about after Luke to share because you kind of thought that this guy would never get hacked. But if he's claiming to have invented Bitcoin, then you'd think that he

would be a bit more. But it's not so good that we still don't know who Satoshi is. What we do know is that it's very, very unlikely to be Craig Wright. So how could someone who's such an amazing sleuth that hiding their identity, but you're so, so dumb that they're going to get hacked. And then just the the goal to be able to try and sue

developers. But there it's as if saying it's their responsibility that my coins to, you know, to safeguard my coins. Well, I just think it's just in, in saying. Um, and they're, they're also saying it's a BSV of just released, um, some sort of, what's it called? It's a freeze and black piece. Reason blacklist manager. So where you can essentially report someone and then have their coins

frozen and then blacklisted. And then if you can prove that you own the coins and obviously he's doing that to try and, um, to try and, I don't know, almost bolster his case that a blockchain can do it. And therefore, um, if BSV have done it, then the Bitcoin, um, you know, Bitcoin core team or the Bitcoin team, there's, there's no courts and usually swear it's

Bitcoin is the main Bitcoin is the Bitcoin, the Bitcoin team development team or developers, so team should rewrite the code so that they can unlock his, his coins and that's just ridiculous in itself. But, um, there's other, uh, someone brought up the fact that it's kind of similar to how Satoshi came up with the item. So, um, I think it was like an East crow system

and it was an S. Crescent where, where a buyer could essentially lock someone's tokens forever. Um, by saying that the transaction wasn't completed. Um, and they're trying to, the BSV is trying to say, oh, that was Satoshi's, you know, therefore, Crade writes original vision, which is now implemented in BSV, which is the ability to lock someone's coins, you know, to get to give them back in

fairness, like he's trying to, um, go after his coins on, on, on Bitcoin, actual Bitcoin. Um, but it's nothing, it seems like from my reading, it's nothing like that. It was more the fact that Satoshi just was thinking of an actual way to provide a cool, you know, of working East crow method, um, and that just, the fact that someone could just leave the coins in

limbo was merely an oversight, which is why the, you know, that, that never went forward. Um, that, uh, that freezing method never went forward. Uh, but ultimately, yeah, Cray Gray is, I've said, I've realised I've said ultimately, like four or five times, but Cray, Cray Gray is not Satoshi. It's not Satoshi. He definitely isn't. Because, because so he wouldn't afford so many documents to prove that

he was Satoshi. I mean, it just, and the fact that this goes on, it just, it just really boils my blood. Um, but if, if in the, in insane outcome, I, I, and it doesn't even bear thinking about the damage though to Bitcoin, if somehow this court, like actually ruled that the developers should change the code. I mean, uh, whether that could even be enforced, how

can it be enforced? Because the developers most of them don't even live in the UK. So how can a UK government enforce the, um, the releasing of these tokens via code? Um, um, I don't know. Maybe, I don't, I don't even know how it can be done. The logistics of it. Maybe they would have to gain control of the repo from, uh, the, from GitHub, right?

And, and maybe that's how it would have to be done. I don't, I mean, I, I don't know. I can't even think how you'd facilitate that sort of thing other than the fact that it's just insane. And that some, some, this, this, you know, what's his name? Calvin, he's, he's got to run out of money soon, you know, being sugar daddy for Craig writes court cases.

It's, it's just, yeah, crazy. It's mind boggling. It's just insane. Well, you know exactly how they'd facilitate it, Dan, they'd get a room full of programmers and then they'd get a room full of gunmen. And the gunmen would stand next to the programmer. They'd get a room full of programmers with a gun to their head. They'd tell them the program. And that's how they do it.

Now I read all of Iran's books in high school. And I'm not a fan anymore. Um, but I hate it when the events of a story make me reference in Iran book because this really does sound like John galt from Atlas shrugged them Satoshi with the great Promethean invention, you know, strap down, chained up, forced to change the invention to ruin it to make it less

good by lesser men. Who could never create the invention in themselves like the An Randian echoes write themselves here. And that also goes to the core of this and the ethics and the values of Satoshi from what we've read of his writing and what we can see of his code and the attitude of Bitcoin Satoshi wouldn't sue. Satoshi wouldn't sue if he lost his coins. He

wouldn't cry and go to the legal system and all of this. It's just completely out of character of the person who does. The way they designed Bitcoin, the reason they designed Bitcoin Satoshi would be unfortunate. Probably the last person to lose their keys. And the first person to to game it out to be like, well, if I have a brain wallet, but I get smacked in

the head, I'm going to forget the brain wallet or I might give it to someone. If I have a wallet in a box here, if I have a wallet under the cement here, if I bury one, if I put one in space, you know, whatever he's going to do Satoshi is going to have a plan for that. I don't sit here. I see to Satoshi losing

his coins or her coins or their coins and then suing the government to force the programmers to restore the coins. It's just out of character. However, like Dan said, it's kind of referencing both in the United States. And it seems from from far away in the United Kingdom. If you have lots of money, you can sue people. So it's important. We're just saying allegedly here. He's

making his claims. This is all a speculative discussion. Even a satire maybe. But yeah, if you got enough money, you can just keep suing. You just keep showing up in court. You got these gangs of lawyers. And they're all very good, but very expensive. And best of luck to the developers. And I hope it goes well. But it's going to be very difficult with the United

Kingdom's burden of proof, which is lower than most other countries. But it's surely like if if I was say, say you're someone that just kept on calling the police, right? You're like, oh, so and so has been doing this. And there's there's kind of no proof for it. Like there's a point where the police kind of have to just like stop humoring you, right? You know,

like you can't just even that's a free resource. As it were, you can't just they can't just turn up every time and be like, uh, and you go, oh, there's a there's a pink elephant this guy. Oh, we've got to turn up and question him and where was the pink elephant? Like, surely there's a point where the courts go, not being funny, mate. And just because

you're paying for this, it doesn't mean we have to humor it. Like, you know, there's, there's got to be something like that, whether it's some sort of law you could pull of like, don't be an asshole. Like, guys and asshole, uh, we've, we've, you've, you've gone over the asshole line. Uh, we're not entertaining this anymore. You've paid so many documents. Um, it's not even worth it.

You know, we're just, we can't give you the time of day. I'm sorry. Like, I do think we're not gonna be cool. I think we're not. Well, I mean, for the normal people, I don't think you can call the police too often. Uh, they'll put you on the no call list. They'll stop coming or they'll just arrest you for something and take you in. I don't

know. They seem to make up the laws here sometimes. But I think for the rich people, instead of picturing them calling the police picture them private calling a private security company. Uh, that's designed to make them feel good that profits off of them. Like you have to pay the retainer, whether you use the lawyer or not. Right. So you just keep paying your retainers. You just

keep paying your lawyers. They make money. You have money. And I think you can keep, uh, you know, unfortunately, you know, I don't want to get political. But the, the former president, Mr. Trump, did sue and was sued by many people was common to use this kind of thing and to use it as innovation as well. If you have enough lawyers, you can evade, you can

extend lawsuits. You can keep things going long enough to where they eventually just kind of fizzle away. Unfortunately, I mean, I, you know, people, you look at me wrong but it does seem like you can buy your way out of our legal system. Of course, unfortunately, the OJ Simpson case comes to mind many other cases where seemingly guilty people with the greatest representation, the smartest people

working for them get off, Scott free, get off with lesser sentences, uh, time and time. Again, we do see this. I don't know how to solve this. These are complex, but yeah. That's just mind blowing out. You know, yeah, he did. I'm really careful about this. I don't know how to solve this. One of our win the the, um, Peter McCormack case, right? He didn't he

win like damages of, of one pound. Um, but that's pretty much that only win like, oh, you can get there. So you can, so solar van life, then you can get sanctioned or find in the US for frivolous lawsuits. Um, so he's done only on one in the US, right? That was the one in was it in Miami. It does seem to be another kind of

international loophole that he's using here where maybe you could. Someone wants in every country. And I have a problem like I only sued, you know, in every single country once it's not so bad. Um, but yeah, I mean, it's another loophole. And again, another thing with enough wealth. Like a normal person has enough problem hiring a lawyer in their own country. Um, but these guys obviously

have incredible wealth. Higher international teams of lawyers, uh, so on and so forth. So that's why we should say, literally all the time and all of these things. Cause this is a satire and so forth. Oh, yes. Yeah. I, I, I prefixed everything. With allegedly, you may not have, uh, may not have heard me, even when I said the asshole line, allegedly, there, there's an asshole

line that's been over, that's been crossed. Um, but yeah, I mean, even the, so, so, so my life saying the law is losing their licenses, but you're right. If they're just hopping from one country to another, it's only affecting local jurisdiction. So it's, yeah, it's, he can just keep on doing it until, uh, until sugar daddy runs out of money. And so they're tired of doing

it. Yeah. Yeah. But BSV, or what a shocker savage. I look, every now and then, I look, if I'm feeling down, I'll go and look at tweeting people tweeting about BSV. And then I realized life could be so much worse. So much. Remember, remember when they split off, um, BCH from Bitcoin, that was a one to one split. So you got one BCH for each Bitcoin.

So they were equal in price. So yeah. That was a different time. But I think we're running out of time, Dan. Do you have a story of the week or a prediction? Go ahead. I predict. I predict. Okay. There we go. Here's a nice easy one. I predict that by the end of 2023, um, I, I'm not sure. I don't think this, this court case, um,

uh, I can't remember if it's going to be in 2023 or not. Um, so they've got another nine, uh, 10 months or whatever it is to plan this court case. But I think, um, that there'll be another big public court case by the end of 2023 where Craig Wright is trying to sue someone else for something stupid. Um, possibly he's sure he'll be, I don't know,

he'll be suing the shoemakers for providing, uh, heels that were too strong. And they made him break his hard drive that had the private keys on or some stupid stuff like that. I look forward to this international Craig Wright lawsuit. Arama. I'd like to see that where it just spins the wheel and country to country. And then there's that problem where if they can win a

certain number of lawsuits, they could take over a country. They could make, I don't know, like Blankety Blankland into BSV country. I don't know. Well, next guys, we're going to be suing someone in Uganda. That's right. We're going to be taking all lawyers over there and sue the big court developers. Everyone knows Uganda is the BSV capital of the world and they're very happy about it.

Uh, but my story of the week is all about chat GPT. Uh, I've heard about it for a couple of weeks now. I'm kind of avoiding it because, you know, I do some writing myself. I have to write things now and again. And I don't like the idea of the computer completely replacing me. But now I've used chat BT GPT and I'm open to it. I'm

all right with it. I think we're going to become description. Peter. So I've been working with the people where you describe things like summarize these articles include the URL and you become the ones who's putting the specifications into the computer and it spits out the thing. I had it right at press release for a friend of mine. It was a fantastic press release on the first

draft with a couple of minor edits. You could have actually put the thing out. I had it write some songs. I had it write some poems. I just had it write a poem about the organs of the heart right before the show. And I'm going to be very pleased to see that you're here. It spits it out perfectly no matter what your job is. I think

that with chat GPT, if you see it as a tool, something that makes you stronger and allows you to do things faster and to get kind of rough drafts really quickly to get versions of things to say, oh, write this in aggressive tone, write this in a slow tone, you know, write this brief or write this longer to have those options and to see writing and

communication is just kind of a series of dials and tools. That you can now manipulate and then push the go button and much like we used to on a C++, you compile your program and it does all these things you don't know what it's doing and then boom, it executes your program. This thing executes your demand for text. So if you've been putting it off or

thinking you don't need to use it, you need to use it. It's even better than mid journey or I forgot the other name, the amazing AI image generators, which I'm also way into. But they don't know what I'm doing. They don't hit me like the writing one, the writing one, I'm like, oh, we could have better summaries for our show with, you know, more words for

the keywords for the articles. And if you look below, the AI wrote the summaries. Now the first two are very good. The second two are very bad. But if you're in there anyway, because in a way, they're better to have the AI summary is than not to have them. And I think I just, you just kind of keep looking through your life like Jerry Seinfeld said

about flex tape. He's like, I'm just looking for a place to use it in my life. I'm just looking for that. And I think chat GPT, as well as mid journey, as well as whatever the next ones going to be or the old ones. I don't know about. Ai is here. It's amazing. I think if you look at it, maybe it's more positive than negative. It

can be frustrating. If you're like, I was going to sit down and write some original stuff, but instead I jumped and into the AI and the AI wrote it for me. So I don't know about that. Maybe George RR Martin can finally finish the gosh darn Game of Thrones series. I'm going to think that it's not with the help of AI. I'd be open to that

or whatever it takes to get those characters home. Dan, what do you think about AI? I know you've tried out chat GPT and mid journey and some of the others. Oh, it's incredible. I mean, the chat GPT is, and I've done exactly the same as you, like write a promotional email for, for, for so and so. And it just writes an email for you. Just take

the effort out. And people can, you know, back when Google was kind of becoming prominent, they were saying, oh, well, you know, the problem with using Google is just, it's just basically cheating. It's doing research for you and just giving you like X number of resources. You know, and giving you these shortcuts and, you know, GPT3 is doing pretty much the, the same thing. It's just,

it's a tool that's helping you come to a conclusion a bit quicker. The fact that it can analyze articles and you can, you can actually say, you know, or you are else, it can kind of summarize information. It's just absolutely, yet it's just amazing. And I think I agree with you that I was fascinated by mid journey when it came out. And I still mess around

with it now. And just, but I go for kind of more, I just try more abstract things with mid journey. It's more like, you know, the, the, imagine the dawn of mankind and see what you know, those things like that. Imagine that. End of time or the heat death of the universe or crazy things like that. That, I draw, draw me, you know, a multi dimensional

caliber, you're like something like that, you know, like some, some, some crazy abstract thing that's, there's actually difficult to think of. Or to, to, to picture. But do you, the, the chat, do you, it's the chat things just it's just amazing. It's just, I was using it to learn Mongo. So the other day I was up until like three in the morning. And I was, I

was, I was, I was you know, I was giving it hints of the tables that I was using or not giving it hints, but describing the tables, you know, how would I join these and it would say, like, you've got a creative project, then you've got to do this, that look up and a match blah, blah, blah. And it just, it's just a, it's like a

teacher that is, that it's an amazing teacher that you never had or all that you had like one of like all the teachers. I think back and think that's a really cool teacher I had that was really helpful. I could ask it a million questions, ask them many questions. And, and you know, they would get tired of me and, and, and chat you, it is exactly

like that. It's, you can just ask it over and over again. You can get it to do. Like all sorts of research for you so that you can kind of weed out some of the crap information and just focus on the the interesting information. But ultimately, I, I, for the fifth or sixth time that I've said that today. I just, in a year's, in a year's

time, I can't imagine where we're going to be when you combine these things. When you combine the, the chat G PT with mid journey, with voice, you know, the voice, then like, you're, you're going to be able to create. And like, you're going to be able to create a human that does all of these things with it with their own moving avatar that's just completely autonomous.

Like I can't even imagine what it's going to be like but it's going to be scary because reality is is going to be distorted so much. There's already the, as we said, I'm not sure if I'm going to be able to get that right. Earlier, the voice, the voice thing that simulates someone and you can barely tell that it's not the, not the same person. And

this is only the early version of it. So what happens when that becomes ubiquitous and you know, you can't even tell if it's what if like, what if AI like AI grows to it becomes a prankster so that it's like, you'll make phones you up and the video calls you and says something or whatever. And it's not even them. It's just like AI fucking, fucking with

you like messing you. What? The AI is prank calling you 12 times a day. You won't call it censorship. It'll be like, that's, that's necessary filtering. That's, that's community moderation right there. Hey, I can't call me 12 dies a day for advertisements. Yeah. But no, I agree with Dan. I think it's amazing. It's like an interactive text. You can ask it questions. You can go into

more detail. I can only imagine in the future. Imagine if you were reading a book. You didn't know what a word was. Maybe a more complex issue like you're reading Dickens. You don't know who he's referencing. It'll get me to the wiki like there's things I can do with Google. But with this, I go to like this kind of questions of fancy where I go belonged

beyond. I'm like, can you summarize this into an acronym? Can you summarize this into flash cars? Is there a better way of doing this? Like, can I tighten this screw? Easier like I try to ask it things that I don't know and it actually seems to know now again, this could lead to a disaster like the old days with the anarchist cookbook and you blow up

your microwave or something. So obviously don't don't do exactly what this machine does and maybe fitness it has you stretching and properly who knows. But at the very basis as a test as a beta software thing right now, you can ask this thing anything. And and that's that's reminds me of early Google early altivista. Yahu searches that I used to do back in the day when

yahu is a directory. And I also want to give a shout out to character.ai. Because months ago, we were playing with character.ai. It played this fantastic kind of a text adventure game. Like, go north, go north and like the spiders come in and then we could give it any kind of prompt and we told it it was a Hollywood movie once and we broke through the

fourth wall. And it also has chat bots and lots of other fun stuff. So our more than one company doing this for sure. More than one approach. It's given us Bitcoin price predictions and it was like and then it was like saying that it was saying and suddenly don't the price of dose exploded and you traded your Bitcoin for those coins and like and then you

traded the the dose coin price drops and before it drops you trained it back for Bitcoin and then you became a multi-dimensional trillion air. And it's like you took the galaxy. The spiders were into Web 3 and they had a metaverse and NFTs and we crashed it and it was amazing and it'll go collapse. So the two of us were really making it as a great

series. We were really happy to have it and it was amazing. But I had an amazing project and it's time scale it'll be like 10,000 years, a hundred thousand years later like it's an amazing program. And really we should have, especially now that we have even more tools to explore, we should start having some AI shows. Where we just have fun with AI. And we goof

around it with and we work with the chat here as well and the chat could give us ideas and we'll copy and paste from the chat into the thing to affect the story or image and mid-journey. We'll do all that stuff. It'll be fun. We'll do it as a group. You guys can learn at home and you can see us do it if you haven't yet.

But if you haven't checked out these AI's just go ahead, create an account on these websites, just Google chat GPT and character dot AI mid-journey. The big what's the big one, Dolly. I haven't gotten access to that but that D a L L dash E, I think is the big AI image generator. I don't maybe have to pay to get access, but try one of these

things out there. Amazing fun. Like Dan saying you can shoot any kind of idea at it and then see what it says or what it does and really does harken back to the beginning of Internet, the beginning of computer excitement. But. Just very last thing. I'm just waiting for the time where they combine all these things and I can say, make me the best South Park

episode of all time. And it would just construct you like I want a seven hour hilarious South Park episode. I guess how close we've gotten someone made an infinite sign fell generator. I think I think it does animated animated sign fell characters. I think it has the voices like Georgian Jerry and I think that it's written by AI and it goes on forever. I didn't click

on it. I'm a little afraid. But it's out there. It's a project. It's an it's an idea that exists. You guys can check out infinite sign fell generator. Who knows what the future is in force. It's certainly getting exciting. We have to hang in there. See if we can make it to the singularity and so forth. Thanks so much to everybody for joining us. Be sure

to give us a thumbs up down below. Hello to everyone in the chat. Be sure to leave us a comment. If you're watching this later, we do read the old comments. So thanks so much for that. And until next time.