The Bitcoin Group #346 - Crypto Surges - SEC vs Do

The Bitcoin Group, the American original. For over the last 10 seconds, the sharpest satoshi's, the best Bitcoin's, the hardest cryptocurrency talk. We'd like to welcome our panelists, Dan Eve, the crypto raptor. Welcome to the Bitcoin Revolution. Ben Arck from LNBITS. Hello. Ugly old goat from ugly old goat.com. Halt, ho, ho, ho, say, say, build a build a build a sound money, sound money. Martin Wishmare from

General Bites. Hello Bitcoin. I'm Thomas Hunt from the World Crypto Network, moving on to issue one. Issue one, Bitcoin price rises despite US crackdown as crypto market gains $84 billion in value. Crypto markets rose on Thursday, shrugging off a tougher regulatory stance from the US government. Bitcoin gained 2% up to 24,500, while Ethereum was up 1.2% to $1,679. There are increasing signs that the market bought

the market. The bottom last November and has turned bullish. Dan Eve, what do you think about the price of Bitcoin? Well, you see, I didn't listen to my own advice and start dollar cost averaging. So I'm still waiting for the drop, but it didn't happen. So now I'm even more sour. So forget about the price, because that's irrelevant. Well, it's pretty interesting is that it's 30

months until the next harvining. And the hash rate has just hit an insane 342 exa-hashes, which is just absolutely nuts to put it into context. And today last year, February 17th, 2022, the hash rate was about 188 exa-hashes, which means it's increased by 82%. So, you know, whilst the price is kind of fluttered around the 18 to 25 zone, the hash rate, and again, just in

the security of the network, is just increased incredibly. And the difficulty at the moment is 39.1 trillion, which is just insane. And like these numbers, you'd have never thought of when, you know, I'm certainly when I first started mining in 2013, you know, 342 exa-hashes, incredible. So yeah, move on price, because I didn't stock up or more. And, and yeah, on the network going and strengthening

and been cementing itself. You know, my solid network on earth. And Eric has Bitcoin and crypto found a bottom. Yeah, I mean, it always bottoms a little bit higher than you think is going to bond, doesn't it? So you hold on to your cash, and then you're like, grinding away until it gets to $10,000. And then it doesn't quite make it. And it goes, and then

goes up. And then you've, you still sat in cash, waiting for it to bottom. And everyone else is getting all excited and phone moving and the price is going up. So yeah, I think about mine, I think this, this a lot of it's this pumps off the back of the news about inflation slowing down. And people a little bit scared less gag with their money. So

the more traders are going into something like Bitcoin. And then also the ordinal stuff is filling up blocks. And people are talking about Bitcoin again. And even if you're not into the ordinal NFT stuff, like it's in the news. So people are hearing about it far as most is, you know, it's there. But yeah, I feel like the bottom was in. And now we make that

slow ascent to the 250K, baby. So price and fundamentals and technical do all work together. And everything pointed that that was the bottom there in December. And so I did load my boat up in January and happened to be number two in the bit max trading contest. So yeah, I thoroughly outlined why the bottom was in. It took a little bit longer than I expected. The

not a mic. It's my beard. I feel the sound is better. Still kind of like robot voicey. I think that I think my tune. This is the same like I always use. Try the other one. I can't really. But it's really bad. It's kind of like an Atari game. Like it has that in and out sound quality. It's like it's not the first Tron film. It's

good. I like it. Carry on. It could be really sad. It's a bad control. Okay. It's better. Okay. So yeah, I'm pretty much moved by all this price action because you know, people can wake me up when there's a new all time high. Until that happens. I'm not even looking at the price. What I understood is that the new price hike, recent price hike was because

of lots of people shorting expecting the price to drop. And then it didn't. So, you know, everybody was scrambling to get some Bitcoin. They were going to pay off their loans, their short positions and that caused the price to go up. So I don't really, you know, for me, it's still like a bit of a casino. I think it's best to just, you know, lay low,

keep stacking those sets. No matter what the price is, just make sure you buy some sets every now and then. And yeah, the new all time high will take a while, but eventually it will will get there. And now, predicting against the magic Bitcoin ball, the greatest predictor in all of Bitcoin history, Dan Eve will the price of Bitcoin be higher or lower this time next

week. Oh yeah. Then arc higher or lower. Higher. Ugly old goat. It's all positive. Higher or lower. No, I think you got to go to trend to trend just reverse guys. He's going to be a little bit higher. I think he's going to be a little bit higher. So on lower martin, will you go higher or lower? Definitely lower. And now we ask the ball. Remember

shaking the ball can cause bubbles. Will the price of Bitcoin be higher this time next week? Concentrate and ask again. Concentrate and ask again. The ball doesn't always give answers. Moving on to issue two issue two SEC complaint says doquan transferred 10,000 Bitcoin from Tara. To a Swiss bank feds alleged that the terraform labs founder converted the Bitcoin to cash and it was withdrawn more than

100 million dollars since June of last year. Ben Arck, the scammers are back in the news again. What do you think about the SEC going after doquan from Tara and Luna labs? I mean, it's to be expected. If you've watched that, Bernie made off documentary on Netflix. This is someone who was held up. It was like a financial wizard and a cornerstone of the legacy financial

system and yet he's able to run away with like 40 billion dollars or something over decades. So why in our gray market would you not expect that some people are just going to seize the opportunity and scam people out there Bitcoin. And then and then use obviously use the banking system to try and get the Bitcoin out, which is done with this tourist bank. So yet

another big Bitcoin scam. A story someone who's able to kind of be at the apex of the scamming game and they're going to have more. It's never going to end. I'm not sure how you solve that problem because clearly, you know, regulation and all that stuff doesn't work because you're going to still end up with a Bernie made off. So yeah, just one in a long

run of scammers who go to exist definitely in our gray market and will always exist in any financial market. Ugly old goat, they said their stable coin was stable and now 10,000 Bitcoin and more are missing. Well, the solution is not the SEC. The SEC should be abolished. My mentor, EC Harwood, he said the three greatest flintels of all time in order are number one inflation,

number two is entitlements and number three is regulation. And this is a classic example. You know what the market. I don't know about you guys, but I was immune to all this. I wasn't fooled by any of it. And so it's really an I SEC didn't help any of us. We figured it out on our own. And that's what we do. We educate people. They're not

going to listen to us until they learn some hard lessons. That's just the way life is. But the big big of bring a big policeman in this. He's going to wind up swing it at us and not swinging at the people that need the regulation. Because the people just like we saw with FTX, they're going to pay off the politicians as long as they can. And,

you know, no matter what the government creates problems they create, they always wind up blaming on somebody else. And so the SEC is the problem and not the solution. Our team, Wishman, it seems like they've closed the barn door, but all the cows have gone. Yeah, who would have expected that somebody who launches a coin called Terra and another one called Luna as in moon, you

know, you get it, get it Earth moon would run off, run off with all the money, you know, and who could have seen that one coming. I mean, really people who invested in that junk. They don't deserve any better. They were just chasing high yields and profits. And now they're all surprised at the the guy did a Ruck pull and he's trying to to loan the

money. I first fired Dubai. Then he went to Serbia, or from what I understood. And now he's using a Swiss bank account because, you know, the Swiss bank accounts worked for the Nazis during World War II. So they probably work for him to. So, oh, no, no, no, this is like this is this is a classic example of a really, really Nazi scammer and, you know,

a stable coin or a coin called Terra or Luna. You wouldn't. You would have a storied with you stick with the stick. Right. And no, no, no self thinking individual would invest their hard earn cash is such a junk coin. Yet still people poured in billions and billions and billions of dollars. It's not right. Insane. I mean, really. People should have. All blame themselves and and

you know, fact that that the guy was able to do a mass about 10,000 bitcoins. I mean, this is crazy. And I think it's that being And this is one of the reasons why you should never leave your coins on on an exchange just buy Bitcoin and put them into cold storage. So even if the exchange you use your use is is playing with all the

shit coins because that's what they do. There is shit coin casino because they make money on their trades. Then your funds are not at risk because you withdrew them and exchange is not a bank. And as long as people play the shit coin casino. They will be they will be victim of scams like this. So yeah, yeah, no, I was never really excited about carolina. And

for the reason I'm not excited about most of the all this defy nonsense. Because there's nothing finance about the defy is just big fat Ponzi scheme. So yeah, okay. I don't know about this. But it's good to crack down on it because it should be forbidden because Bitcoin is the only only only real coin in my opinion. It's my personal opinion. I do do any of

the shit. So I think it's good to crack down on it because it's the only real coin casino as I've told you before on the show. But no, no, no, no, no, no. There it is coming. Swiss bank accounts. They're good enough for the Nazis just like they used to say in the ads. Dan Eve is dolecoin the greatest scammer or just a great scammer. He's

definitely quite, you know, what's the word cocky about you? I think he even did an interview with Laura Shin. I might have been today, but she she asks a very pertinent questions there about the downfall of of teriluna. And the fact that you know she asked about the faking the trans child transaction data, which, which, you know, had a significant sort of contribution towards its it's

more under for the before the downfall. Trying to get into it. So I'm going to apologize and and then also like he's trying to find out where he is because as as Martins and he sort of skip from country to country and just like in Stingeport. And he's like, well, where I am. Not even I'm not on the run, but where I am isn't quite, you

know, relevant. Where I, where I'm residing right now. But even the SEC in their in their sort of statement that the full docs they they mentioned, dock on street saying that he would kick out while investors sat back and watched the rewards roll in as the paraphrase that. But he definitely said kick out. So that's the main thing. So, but it's sad, right? People people chase

the money and they lose, you know, they're chasing the high yields. This Martins said. And it's sad when people lose money, even if it's to an obvious scam like, you know, terror, terror, Luna. But it's a million. Chase yields, you know Bitcoin is the is the high yield, especially against you know, inflation, you know, you don't you know, you need to, you know, sacrifice anything other

than holding your own keys and then not risk for your assets being taken. One never. I don't. I was not else. But I. And I actually, my friend and, and terror is like, you know, it's expensive. Whatever Terry, you're seeing. And then even lower than that. And now it's like 0.2 is two cents. Two cents. Unfortunately, right now. So sadness to all the people that tried

to catch the falling US T.C. terror knife as well. Dan started to go a little bit robot there with the Internet. But it's a it's a very philosophical answer from Doquan, wherever you go, there you are. Moving on to the exit question. We have exclusive information here from the Stanford daily that two Stanford academics are named among the SPF Bayle Bond co-signers Stanford Law School Dean

Emeritus Larry Kramer and Stanford senior research scientist Andreas Papke signed Sam Bankman freeds bail bombs as guarantees. According to court documents made public Wednesday afternoon. The two academics put up $500,000 and $200,000 respectively. This is still far less than the $250 million demanded. By the judge or even 10% of the 250 million, which would be 25 million in guarantees. Still, SPF is free watching the Super

Bowl on his VPN, angering the judge instead of just purchasing a new United States based Super Bowl package. And also they say he's playing League of Legends, which they might take away from him. And they're worried that he's contacting other FTX staff members through signal with disapointment. And he's comparing messages. Ben Arck, what do you think about two more Stanford academics hold under the bus of

Sam Bankman freed? It's a funny one isn't it? Because like why there must be some legitimate reason as to why they would muddy their own names by supporting such an obvious scammer. And then it's it's what it's really good student in class. He raised his hand all the time, you know. That's excellent. I think they said recommendation. They say they say it's like a family friend

and it's like, okay, well that kind of makes sense because it's a privilege rich kid. Like takes everyone's money. And then and maybe this is why he had all that back door access because he's from just some, you know, well known American family blah blah blah. That's a very like legitimate, you know scenario. The other scenario may be that they were involved in mistrating or something

or I don't know. I always remember when the cracking guy, what's his name? You'll make he said to me that the most successful trader was a professor on cracking. And I always like the idea of this professor like, you know, just going home and slamming everyone in the in the trading. But I think probably the first scenario is more likely that he's just kind of like

he's got ties, he's got these rich kids. And and these people are going to come in and try and battle them out. You know, it's one of their own. And this is why he was able to get to where he got to and just shows that, you know, even though he was touting like a new wave of technologies, which you're supposed to make a a fairer

world that he was just going by one of the old legacy systems. And all of a sudden it was one of these legacy institutions, one of these legacy families. And perhaps that's why he's where he is. But yes, it's a lot moved from them. There must be good reason for it. Well, they have said that cram Er is a family friend and that they were helpful

through suffering through cancer with the other guy pap key. They said he was involved in the effective altruism that Sam was a big fan of. So these are, you know, longtime family friends. But ugly. Oh, what do you think about them signing up to get SPF off? Do we have such high great ethics and character at Stanford that we just support the Tiger King of made

off scammers. Well, they did. And I think that's why we're going to have a lot of great, but I think that's why we're going to have a lot of great, but I think that's why we're going to have a lot of great ethics and character at Stanford. I was treated much differently than the average person is most of us. I've been through it. And I was

considered both a flight risk and a danger to the community. Of course, my ex wife was telling how dangerous I was to everybody and, and, of course, the police were up there. Cotton, anyway, I can't, it's so thoroughly corrupt and my witnesses actually my son testified on my behalf. And he was called trunt from the US attorney's office and suspended from school. Well, that's a felony

right there. You cannot retaliate. He can't stop federal witness, but it goes on all the time. Are you do, I knew this 20 years ago and people are just waking up now. So it was just the top of the FBI. No, it's not the whole FBI is corrupt. And I've checked enough prisoner cases. The drug to the money never match. Never. I examined probably close to

a hundred cases. And the honest at the ATF, FBI, wherever the agents are, only take the money. And the corrupt ones take the money and the drugs. But they never match. And it's a perfect game because if, if the, if the criminal complains about it, then his sentence gets up because, oh, you had more drugs? Okay. We'll give you more years. So it's kind of the

perfect game. But it's so corrupt that I really, I hope the American people are waking up. That's why a lot of people think that America is going to fall. It's already falling. You just don't realize it yet. It does seem like SPF is getting a lot of favorable treatment while many would be in jail. He's at home playing video games watching the Super Bowl. Marci and

Wishmare, what do you think about the two more Stanford academics who have signed up to stand with him? Yes, I, I'm, it continues to surprise me. This guy should be in jail and should not have access to any form of online communication because that's, you know, how he did this crime. There's lots of things that aren't just wrong here. And, and as Goat said, Arthur, like,

Arthur Hayes from what was it, BitMex? He was like, he was like, he's a middly put in jail. Well, this guy flies first class from the Bahamas, even takes his socks off in flight. I mean, and it shoes off, that should be prohibited by itself. Nobody takes their socks off in flight. That's like so rude. I mean, and he still walks free. How is this possible?

You know, no, no, if you, if I would be the judge, he'd be in jail, maybe give him an extra bar of soap, but no, online access, definitely not online, no online access. Dan Eve, the real problem was the socks, the socks. Yeah, they should have made him wear two pairs of shoes on the plane and as a real punishment. But, no, I'm with my team.

It's crazy how he still acts, has access to, like, you know, he's online. He's, these are the tools that he used to, to fraud the world. So, you know, to, to treat him with such kick gloves and all these interviews and, and, and to not really come down harder than him, like, the criminal he actually is, well, clearly is, allegedly is whatever is kind of, he

kind of admitted himself like he missed mixed funds. So that's, that's kind of a dead turn out. But the bond itself is like a joke, you know, he gets to chill out and ask for the nice house with a spanky Paul, he gets into the access. He may have jeopardized it a bit, right, with this using a VPN to watch the Super Bowl, whatever he used

to. But the fact that he's allowed to have the internet and we've got other people that, you know, that are in jail for far less crimes without bail. So that's, that's pretty sad. And don't they only have to pay the guarantors if he skips the country. Which makes it kind of, you know, that's a bit of a fast really. But ultimately, like Ben said, it's not

good for the reputation of the, the question Stanford. And, you know, there's, there's obviously lots of different theories of why they put the money out for the bond. But my favorite one is that if you see a picture of Andreas Papke, if that sounds pronounced side by side with San Bankman Fried, they pretty much look like they are far more than son. It's the, it's quite

obvious. And maybe that's, but possibly, that's also something to do with the fact that they're putting their necks on the line. And then one guy's got on the other guy. So he's like, well, we might as well go into this together. But yeah, have a look at, have a look at Andreas and San Bankman Fried side by side and, and make your own judgment. It's been

a faceted in case we'll have to see how it turns out. We're moving on to issue three with Bitcoin integration. Noster could redefine social media, a glorious article from zero hedge by Tyler Derton celebrating the Noster or notes and other stuff relays protocol, which is allowing people to create a decentralized Twitter as it says in the article all the way at the end. The Noster protocol

provides a stark, simple contrast to the word. And then we're going to go into the high levels of censorship and guardrails were used to seeing, which is what makes it an entirely separate entity from social media as we know it. We also of course talked about Noster let two years ago on the world crypto network with Ben arc right here on February 7th 2021 when Ben

was working on it with Fiat Jeff. And Jimmy song has just declared that it's as important as the computer, the internet, Bitcoin, and now Noster. So I think we'll go to Ben arc first. Ben, what do you think about the growth of Noster? It's been adopted by Jack from Twitter and Snowden. It's trending constantly with 3000 tweets behind it in the UK. Noster is taking over

the world. Yeah, it's on a rampage though, isn't it? We have Jack Dominic Jack Dorsik of lesson like he he really showed that I think when he almost weaponized the, releasing of the Twitter documents. And then people start to think, well, you know, you're almost with, and then he almost went and fired like a whole bunch of Jack Dorsik's friends, Jack Dorsik's like, okay, step up

here we go. Now, because the for the whole time that Jack Dorsik was running Twitter, he also had the blue scan initiative, which was to try and make a decentralized Twitter. But obviously, you know, his VCs and investors wouldn't be too happy if he did that. So he couldn't really do it while in the job. And he just needed a good excuse to almost give him

a good excuse to back a good project. And he looked at a bunch. And then he found that Noster was probably the, the most likely wants to be able to succeed to give for the world what it needs. And that's to make some of these services, we're showing by big corporations, commons owned by users and a protocol. And that's what Noster is. It's not some other

stuff. Realize it makes just making use of public key crypto, Web sockets. And that's more I said to be honest. So like one of the, and this is all documented in the, in this, on this channel, which is why this channel is so important. So that's client, which you showed from two years ago. That was the first Twitter client, which was made on Noster. Actually Noster

has far more powerful than just Twitter. And a lot of people aren't realizing this again. All these Twitter clones being created currently. But actually the whole bunch of other use cases for Noster. So in fact, that some of the ideas which came from Noster came from one of my own projects, which is Daagon Ali, which is a decentralized marketplace, resilient marketplace. See, it doesn't matter if

you take out. Sort of things which can be targeted like the system till we'll persevere. It will still be resilient by using public key, public key crypto. So each user has their own public key private key. And this is something which all those Bitcoin is used to, but the rest of the world isn't used to. And actually, public key crypto is the revolution. And Bitcoin is

almost like a, a result of that revolution in cryptography. And, and so it's not. It's a result of that revolution in cryptography. It's very exciting. It's very cool that Jack Dawson gave it a good boost. Now there's a whole bunch of people with their eyes on it and investing money and I know a bunch of funds, which is saying up right now investment funds, VC investment

funds, which are going to be Noster centric and will be focused on Noster. The owner of Noster.com, I'm kind of happy because I'm like, one day maybe I get to pass it on to Jack Dawson for a decent sum. But no, it's super exciting. It's a very powerful protocol, which could have, you know, it's what the world needs, what the internet needs. So yeah, it's on

the Twitter use case. If you're a, if you're sort of a user of Twitter, you have a public key private key. You just sign a note with your private key, publish it to one of these relays and then people who were subscribed to your public key, then we'll receive those notes. And they can verify these you who signed it. And then using, you know, just crypto

stuff, you can encrypt those messages and you could have direct messaging. So it works really well in Twitter. But in Alan bits, we have a dog on early, which was the original. There's a thing which kind of influenced the creation of Noster, which is the marketplace. And in that. Use case. The merchant has their own public key private key and they have reputation to pay to

that. And the customer has the same thing. And then you have these sort of front end markets where people can see all the products and they can buy things. But it's the front end market gets taken out. It's not like this massive inconvenience for people because they still have their keys and they can still verify that their reputation and their products are their own. And they

could just point them out of different sort of front end index. So now I'm bits for working on that. But yeah, super exciting. And I like the fact it's getting the, you know, the people have really started to recognize it as a powerful technology. There's a conference in Costa Rica in March. I'm going to it's like a small conference organized by Jack Dorsey. Noster, and I'm

really excited about that. I've actually got an Airbnb there. And I got a couple of spare beds and what started there from BTC pace over. So I'm going to go to the market. So one of the people who stay in my Airbnb is the excuse organizing. You know, people who need to somewhere to crash. And one of the people stay in my Airbnb is the second

person to ever work on Bitcoin. Which to my surprise was not half any. It's some other dude. I can't remember his name, but he's a he stayed in my Airbnb. So I'm going to definitely get try and get an interview for the BTCN for that dude. Very cool, Ben. Congratulations. Been incredible seeing Noster take off. Ugly old goat Jimmy song is in my press with Noster

and they've just added a Bitcoin integration on to Domus. And now you can zap people small amounts of Bitcoin over the Lightning Network. What do you think of Noster? You know, I just heard of it. And my group actually sent me the Jimmy song. Tweet. And so, you know, what I want to encourage people is I am not. I'm an economist self taught economists. I don't

understand the tech. And Bitcoin. But I want to emphasize you don't need to. If you hang with the right people and the people that have integrity and we all get sorted out. And Jimmy song is one of those, you know, who I can hang my head on and trust. And when he says something like that, my eyes and ears perk perk up because he is a

trusted source for me. And I'm not on the level of view. The guys that are on my world's a different world. I'm much more hands on. I'm much more, you know, I'm not into the high tech world. But I am into the world of economic. I was into free market money. Along before there was Bitcoin. And so that's where I'm coming from. Everybody comes from a

different point of view. But it's kind of like the same thing. You know, those of us who know we didn't get caught up on all this crap. With, you know, Luna and Tara and Bankman and all this stuff because we, some of we have, you know, we probably have most of us point through the shit going. Aaron some time in our life. But we learned it.

And it's a lesson well learned. And so we're able to move on and do these new things. And, you know, and that's what I'm excited about. We just adopted as tech. Oh, because it seems to be perfect down here in Mexico. Because, uh, it's vouchers. Where it's really not Bitcoin. We're selling vouchers vouchers. So that, of course, can be redeemed for Bitcoin or on the lightning

network or on Bitcoin. We're just just a very unique way of introducing it. And I, I'm excited about that. That's where I'm at. And we're, I, the other thing that I really learned. This last couple of years is I've always kind of gone from the top down. And we're completely structuring it different. We are starting from the bottom up. We are having a little house here.

We're starting to have our meetings where you get a, we want to bring Bitcoin to our community to Ensenada. I don't know if we can pull it off or not. But it's not easy. It takes a long time. But a true Bitcoiner is patient and disciplined. And yet we also execute those are three things that a quality is not easy. And that's what I teach on

trading too. If you can develop those, it's not knowing where the market is going. It's just being patient, being well disciplined and being able to, to do what you do. Do what you do. Well, and hollow Bitcoin. Real simple, isn't it? Well, and even before Bitcoin, there was the idea of the cipher punks and people who wanted information to be free and to be able to

say as many horrible things as they wanted, but also to say true or untrue or whatever you wanted. That talked about it real time ago. And it's really crucial to make sure that in time and sometimes, nowadays, time and inspector exchanges are extremely competitive. And before again, we talk about this now and we've talked about, we are still able to say some good things. But we

have theurning systems, consists of, you know, so believe me, I won't expect to find that off point. We'll have a ton of a discussion about some of what we lead. So I'll put my head on there. I'll look to the computer, but for some, plug this whole into a piece you can forgot to mention this, that the, so yeah, Nostar was predominantly made by Bitcoiners, but

back in the day on the Telegram group, if you spoke too much about Bitcoin, we would boot you off because we were like, no, this is, this is a separate protocol, which isn't Bitcoin. And it's just using public key crap down. However, it's backed by Bitcoiners because that's what we're into. And I remember it was in fact rockstar table almost got bootstaff because he kept going

on like, oh, it's gonna be amazing with Bitcoin blah blah. And this, this new thing, 57, which is what Tyler is talking about, which is Bitcoin on Nostar. It's almost like, we're like, okay, we've made it. People know what Nostar is. Now we can just talk about how we all look Bitcoin. Let's get Bitcoin on this thing as well. And it is, you know, it's like,

all of Dex and soldiers, it just goes so well. But yeah, I just wanted to, I just wanted to get on an accident, mentioned it before that actually back in the day, like we would try to sort of separate the two things that they weren't related to. But clearly they are because all the people working on it are in fact, bitcoins because, um, like I was

saying that that I think being a Bitcoin, you, you, you, you have a certain set of ideals, a certain set of principles on, on sort of freedom. And then they translate very well when it comes to, you know, combing some of the problems which you have on the internet currently. Well, and I think that's what's really been exciting. The media lately about Nostar is that it's

these ideas of Bitcoin and these cypherpunk ideas come together. And then once you have this network where you can say anything you want, and then by the way, we also have this currency and we have the lightning network. And now you can back whatever you want with money. It's all right there. And they're starting to really see how society could change when you throw in things

like the Canadian trucker protests, which you may or may not agree with. But they were backed by Tally coin, which could never touch their funds and allowed them to fund raise with Bitcoin to then do what they want to do with their money. Artin Wissmayer, what do you think about Nostar and open networks starting to take over? I'm just gradually getting started with Nostar. The reason

being, I said, there's so many new projects and I tend to like wait until it gets a momentum to get interested. I think it's really cool. The rich, the the worldwide web as we know it is not what it was like the internet was designed to do the internet was designed to be a decentralized place store of information. And what we've seen over the past 15

years or so is that all of the world's information, especially concentrated in five or six massive data silos with names like Google, Amazon, Microsoft and the others. And with Twitter, I mean, I don't see my much info on Nostar on Twitter. I currently only see Elon Musk's tweets. I had to actually block Elon Musk to get rid of all this tweets. It's like, you know, I

don't even follow the guy and yet all this tweets come popping up. So this is that somebody else is deciding what I'm viewing. And that's wrong with Nostar. You can take back that power and you decide what you want to publish and who you want to follow. And there's no crazy algorithms yet. But I think that's the reason why I'm not going to be able to

do that. Nothing like that. It's I think it's what the internet was meant to be. And it the nice thing about it is that it's a it's a platform. So I suspect that I expect a lot of new apps to coming up. But the ones that need fixing most at this moment is like, you know, instant, like Twitter, like applications because it's like the the fire

hose of information on the internet, you know, information now. And this is what it fixes first. But I think we'll see a lot of applications coming in the near future, the build on the Nostar protocol. And I think this is awesome. Congratulations, really to to to to Ben and everyone who works on Nostar. It's really good that the big weeks like Jack Dorsey is now like,

you know, actively promoting it a bit. So I think Elon Musk is is getting pretty nervous about this. He should be. Yeah. Because he paid way too much for the dead blue birds. So yeah, yeah, no, this is this is one to be watched. And you know, I had a bit of problem finding a good client. But I think I found a proper client and made

the yes. I mean, why call it those difficult names. You know, some countries they can't even promote pronounced this. But there's many clients also different clients for iOS, different clients for Android. There's a web based client. So we're running Umbrell, which is like a self-contained easy to install Bitcoin node, which you can run on a Raspberry Pi or something a little bit more powerful. Then you

can run your own Nostar relay surf or just with a few clicks you install the app and just let it go. And I think this is cool thing about it. You know, we don't we all have a super fast internet connection nowadays. And we barely use it for anything that makes sense. Okay, we use it to watch Netflix. But for the rest, we don't use most

of our bandwidth. So we could like really decentralize the internet by making sure that everybody runs their own Nostar relay. And you know, people connect to that and family and friends. And personally, I think the internet will only succeed or mankind will only succeed if if our digital. If if the digital world or the architecture behind the digital world, the internet. Reflect the way we live

and communicate in the physical world. So it's very important that those two are aligned. If if if our digital world is like we have now where everything is concentrated in five or six information silos, big corporations that want to know everything about you. So they can send you more targeted advertising. That's just wrong. It the way we communicate in the physical world. It's that we would

sit around the campfire and we use that to tell our stories. And nowadays, the internet is that campfire around which we tell our stories. But it will be really creepy. If if you're sitting around the campfire and constantly mark circuit. Burke is like, oh, we're just interrupt. Just I just want to interrupt before you tell your story. I've got a word from our sponsor. And this

is just wrong. So I think for the internet to succeed, it should be a reflection of our fit the architecture behind it should be a reflection of the way our physical world is organized. And I think Noster is doing a good job on that. And you know, maybe it's too early to cheer, but there's nothing else. So let's give it a go. Therify your Noster public

key on the Twitter because that's the love thing you have to post on Twitter or Facebook. And it'll help migrate all your friends over to that fantastic new network. Okay, this is my shameless pimped. You know, you get my drift, right? It's that our digital infrastructure should reflect our physical world. Otherwise, we're going down a wrong, wrong path. This society is such. Blue my hair back.

Pew. Beautiful people have put it. It does sound. I'm so happy to find a Soviet nightmare to have all of your small talk tracked and then used against you. But just for advertising. It's okay. That's that's what's happening right now. That's we don't realize it. But that is what happening right now. You know, if they want to trace back. You know, oh, didn't you catch a

deer? Or is it a deer? Or it's a dog? It's so cute. I thought it was something you got from the forest or something. You know, a baby deer or something. Yeah. Yeah. But right now the internet is broken. We need to fix it. And I think Noster is a step in a good and a good step in that direction. And if we have a protocol

on which the world can build applications, whether it's, you know, what we need now a Twitter alternative. But what we need to do is we need to fix it. It's in the near future is a decentralized marketplace and stuff like that. That all the better, especially if there is a standard protocol on which we can build. So we can build, we can focus on building applications.

Instead of designing a protocol. And that's really important from developers perspective is that there's like tools that you can use to build the next killer app. Without it. You're not going to build any killer app because you'll be thinking about the protocol underlying your application. Okay. That's, that's, I think I could go on for this for hours. But I think this is, this is, this is,

this is my main thing thinking wave. Whatever. Well, one of the really neat things that Elon got to buy when he bought Twitter was everyone's direct messages. Now they could all leak in a file or he or programmer could trip over cable and get access to them. Something like that. But if you used a protocol like Noster, you could encrypt all of your messages. So only

you with your key or the person you're communicating with their key would have access to it. So obviously that's going to provide a lot of terror to those three letter organizations. But as we've all said here, I think the cloud is someone else's computer. So it's always been a bad idea. Dan Eve a little bit more on Noster. What do you think? Well, it's incredible. It's

blown up. You know, you've got household names that like snow. You know, you know, you know, you're getting into the cloud. And then Jack Dorsey, the, you know, really, you know, shouting about about Noster, which is, which is a main thing. There's a lot of the recent buzz as well. It's been about this, this sending of that. So you know, something that that Twitter. You know,

took, took so long to, to kind of start integrating the idea of like, you know, using lightning payments and now Noster's done it in such a such a short short space of time. And the fact that it's a, you know, it's an open source. And I think it's a very practical. That's more about servicing the users than servicing the, you know, the shareholders and the owners.

I think it's, yeah, it's great. It's sort of, you know, Bitcoin protocol decentralized is money and Noster is decentralizing information. And so, I'm intrigued. What, what, what, did you mention that out there, the Twitter class, just one use case. What, what do you see? What are some other use cases along with like Diagon Alley and anything else that you can see Noster brings things for? So,

do you remember you'd have those Andreas talks where he talk about how Uber one day will just be a piece of software and it will be decentralized. And what I mean, so you can make an Uber so you can have a note kind where I'm a taxi service. And I, I broadcast my geographical location. And then it's all what's a taxi. I could, you know, they

can see me there. And then, you know, I can say I can, I can see you can build that decentralized Uber. I can say, yeah, I'll take that fair. And then I think reputation is the real big thing. Like when we crack the reputation, there's a bunch of stuff for reputation now, currently, but it's not like 100%. But you've got to probably keep private key. So

you can, you can build reputation. And then if you're, if you're, if you're someone who wants, you know, a little bit of a driver from that Uber, then or, you know, decentralized Uber, whatever, you can see that that driver has a whole bunch of other, you know, sales or whatever or transactions where they were a good driver or a bad driver. And then, depending on, you

know, how much reputation you have or how well you can, you can, you can do it yourself in that transaction will then impact the price for that service. So there's an Uber's another one great one. And then, you know, I think that's a good thing. And, uh, decentralized marketplaces, uh, Twitter, someone's made a reddit. Well, it's kind of cool. As wise, you can like, we're stiker.

Nali, for example, we used indirect messaging, um, N, Nip 4, which I wrote by the way. So we're using the direct messaging, uh, Nip. So we're encrypting the information to, um, direct from merchant to customer. So you know, when you can ask where's my product blah, blah, blah. Um, what's kind of cool is, is, is, is, is if you've got a, uh, say, a Twitter client

running, then in your DMs in Twitter, you could have the conversations for your marketplace, uh, pop up in your DMs for your Twitter client because the protocol doesn't know that you're using two different clients. So it means that you can have like cross-client interoperability. So a tweet can find its way onto a reddit or, you know, a direct message on Twitter could find its way into

a direct message on, you know, a Diagonalie decentralized marketplace or a new, but, um, and you can have multiple keys. So I might be, you know, a terrible, um, seller of products, but I might be a great taxi driver. And I can have two separate key pairs. And just a man like what my actual items, uh, I'm going to be a taxi driver. And I can

have two separate key pairs. And just a man like what my actual items, yes, your, your, your potentiality to, uh, and money or whatever is, is based on, um, the, whatever you've built up on, which is connected to that key pair. Um, so it's, it's kind of, yeah, I mean, it's, it's, it's, it's, it's, it's, you know, let your imagination go. And it's, it's, it's interesting

to see actually that all these people are, are building all these Twitter centric, um, clones and talking about Nostro as a kind of Twitter alternative, were really as applications of far more diverse. And I think that's when, uh, people really go excited about Nostro. It's when they see all the different applications you can use it for. It's very cool. I'm, I'm, I, uh, I'm definitely swung

after, especially after Martin, uh, horrifying alternative of Mark Zuckerberg popping up behind you, come by our stories around the campfire. That's for sure. Oh, it's, I wanted to wear that. I'm, I'm, I'm, I'm, I'm, I'm, I'm, I'm, I'm, I'm, I'm, I'm, I'm, I'm, I'm, I'm, I'm, I'm, I'm, I'm, I'm, I'm, I'm, I'm, I'm, I'm, I'm, I'm, I'm, I'm, I'm, I'm, I'm, I'm, I'm, so, I need

to just quickly, like, kind of screen share. Ah, Thomas, can you quickly let me do a screen share shell please. Um, so in our bits, we have a bunch of, uh, Ti screen. So in our bits and I have, like a bunch of extensions, which she, if it is funny because we, they've been sort of like on the back burner for ages. And now with all

the interesting Nostro, with like pushing them forward, a little bit more, but one of them is like, um, Martin was saying about the, in order to spin up your own relay. Um, so can you see my screen? Yes. Yeah, cool. Um, so this is a Nostro Relay extension. So we got, we got a Nostro client extension as well, which if you got a bit of running,

you could have as like an always on client, which other extensions can talk to, but this is a Nostro Relay for spinning up relays. Um, and I was a bunch of great functionality and it actually Vlad who built this, um, he just completed it today and it's not being launched yet. So this is kind of a bit of an exclusive. Um, yeah, but I, what I

need actually is I need to just quickly grab this, this manifest file here so I can actually install it, because it's not being released yet on the official. Alambits, uh, vested extensions. So if I save that, I think go to add extensions, I can actually then install this extension. Um, this is just running on my local server as well by the way. So so here now

you can see Nostro Relay. So if I go to manage extension here and then I install this. Uh, now my users of my Alambits can store they can make use of that extension. Um, uh, where are we? Here we go. So find the label and then let's open up this bar. Boy, we can easily spin up a Nostro Relay. More for relays. In fact, um, and

we can give them their own IDs if you want to and relay. Um, whatever and then public key. Oof, I got a spare public key I can, I can, I tell you what if I open a new private window. And then if I go to a Nigma, a Nigma was a, a, uh, a Nostro client, but it ought to. It spins up a, um, it spins

up a profile for you. So I can actually take this public key here, just as a, just as a demo as an example. Okay. So if I create relays. So here's my, uh, uh, the link. Rally here. And what's cool about this is is, um, I can offer so I can change my details here, but I can offer like it. Um, so. You can offer. The

reason Twitter had to start like selling your data and, and, and doing the surveillance capitalist in game is because they need to pay for storage of your information, that's one of the main reasons. So in here, you could say, you know, you can get free storage up to a megabyte. However, you can also have a pay plan and then. If you go beyond the megabyte, then

you can require certain amounts of Toshies. And this is where Bitcoin and Lightning really comes into play like you can do streaming of value for someone storing your tweets if you want them to. Um, and then you can do a whole bunch of other cool stuff as well with your relays such as having an allow ban list block list. So, you know, like Martin said, maybe

you've just got to relay for your friends and family. Then you could just allow their public keys, they're not stop public keys and then even if using something like damage and they're connected to this relay. So those messages which they send will just go through your relay and won't. Um, go to other relays as well because it'll just be restricted to the public keys on there.

And I think it's been up as many relays as you want. So that's one of the extensors which we've got about to be launched in in Alan bits. So all very exciting. And yeah. Um, a bit tech, no, badly, but if I stop screen sharing. Yes. All right. Cool. But yeah, we'll go upstairs over the weekend and next week. But yeah, let's capture those viewers waiting

for a moment is clearly my point. One thing is that I'm gonna tell that in case anybody else isinf let's focus on yet without you. Last week, I think. We'll just remember 1. We watched. Will have a lot of people who are really interested in the pandemic identity of that alias and that you would hire that alias which might be multiple people for a job because

they're good at the academic papers they've written. In the same way they had so much misinformation and false information that they have to create filters and that everything you read from the internet must go through a filter usually a human if you had the money about you would be written as well as every imaginable truth. But let's move on to the exit question. Five years in

the future, three years in the future or never will we switch from centralized networks like Twitter to decentralized networks like Noster. Let's go to ugly old goat. What do you think three years five years or never? Well, I'm not sure your question because if you're saying universally I would say never because I think there's a use for both. And you know, that's what I'm I'm I'm

I'm getting ready to write a little bit about that. And it's it's like the shit coins. They are completely centralized and they can I think they there can be a specific use. Hasn't come yet, you know, except very limited ways. But I'm not sure if I can do that. I don't do I think I people want the convenience and plus we all have limited capabilities and

a minor much more limited than these guys up here. So you have to bring it down to my level. Cell phones don't work well for me because I'm old and they're soon a little and it's you know you guys are going round and round and I you know I'm have a hard time. I got the principles I adopt. I mean I saw that. Bitcoin said I

saw yeah that's it. But to apply that it's like any of my systems who sit in here next to me. We learned I knew a business of voice broadcasting. I knew all the ins announced but technically he managed it better than I ever could because you know but it took me to teach him how. So I think there's a use case for both. I think it's

very important. That we build a society of trust. My mentors, EC Harwood, he said you know for integrity there is no substitute. And so we we are and that's the beauty about Bitcoin. Yeah you're going to get disappointed we're all sinful men. We're going to fall short but the ideal principles of you know honesty and integrity. Just because we fail and. Certain instances it does not

diminish those ideals. So in that sense I think we still we're not going to. We can only really put our trust in an almighty who's in sovereign and perfect and in perfect control. Because other than that if we don't have that. Then we are going to fail. I'll leave it at that. It is interesting how easy technical people think it is to get people to change

but people really do get kind of entrenched. They they like their Facebook. They like their Twitter. They don't want it to change. And as ugly as saying there's also. Other centralized network like spoutable and other things that people who worked at Twitter are now creating. That will be centralized alternatives that might be more plug and play easier than Noster. Maybe it doesn't disconnect sometimes and lose

half of your followers. Things like this seem to happen occasionally. I'm Martin Wishmare. What do you think three years five years or never will we get rid of centralized networks like Twitter and sits to switch to decentralized networks like Noster. Firstly I think it will take a five year. But. There's a big but we really have to make it more user friendly as God said. It's

just not plug and play right now. I mean if I open up my profile settings for. M. M. A. This you know the the M. A. This the app with the difficult name that installs on Android when you search for Noster in the app store. Let me call it that. If I click on edit profile. I just expected to be able to like upload a banner

image upload my profile image. No, no. It asked for an avatar URL and a banner URL. So I need to host it somewhere. See this is a really good. My mom would not like totally sign up so I know there. But then it goes on. It asked for my nip of five fields. I mean what the fuck. I just started to do it all. What's a

nip of five. What's a nip. You know what happened to nip one two three and four. I mean. Ellen error address or a LN URL outdated. I didn't know it was outdated. But most people don't even know what an LN URL is. The stuff like this has to change. You know it has to be. It's like it's like messaging but in an Ikea like. Put it

together yourself type of style and. This this this should be like ready made ready to roll click and go and. So I think it's a bit too long because. They are developers usually get carried away and adding new features but they it's not sexy to improve existing features so they like to build new features so things like this might take awhile to get fixed but give

it sometime and will be decentralized because Thomas I think the future is decentralized whether it will take three five 10 years. But we need to do something with all this broadband internet we've got everywhere nowadays and there's no need to store it on somebody else's server. If you can just like have like a tiny little raspberry pie or other cheap cheapo and computer running. I don't

know and in your meter in the meter cupboards or something so there's no there's no need for third party services, especially considering the speed of our broadband internet connections at home so yes I think we will all be decentralized please please fix this complicated profiles settings and stuff and don't make me host my avatar image on somebody else's server just make sure I can upload it

in the app. Okay that's it. Okay that's it for now. I agree Martin it's not only the broadband speed but also the processors. We carry around these incredibly powerful phones our computers are powerful even the computer in my car is incredibly powerful. And could probably run a network like this in the background sending around the relays Dan Eve show me some positivity three years five years

never tell me it'll happen overnight and there'll be a Super Bowl ad and everyone will adopt decentralized networking almost instantly. I think I think it's you know I don't think it's I'd like to see it in within the next sort two to three years but I think it is going to be a bit slower. I think if you use the things like I mean like Dennis

I signed up and and it seems pretty pretty plug and play like you know it's quite kind of simple quite simple so maybe a meteor still whatever the the one that you have is a bit more kind of clunky but it all depends on on the UI that's being built on the protocol right it's not the actual protocol that's the issues the UI that's being built

on top. But I'm with I feel good that some you know there is still a use for for centralization and that people like it. They don't like the responsibility of of holding their own data and and and making sure that it's backed up etc. They'd rather than someone else you know they offset the risk to someone else and they're happy to watch their eyes that have

their eyes burning watching adverts continuously and and mark Zuckerberg popping up around the campfire so I think it's going to be slightly slower than the sort of I think it'll be five years five years plus but it's going to happen it will definitely happen. I think it's just amhurst is the name of a gem it's like an emerald or ruby or amhurst Ben arc it's been

two years since you launched Nostar talking about it on the World Crypto Network obviously it's moved quickly Jack and Snowden and even Jimmy Song are now fans do you think we'll get there in three years five years or never are people ready for decentralized applications. I think this big centralized service Twitter and let's just talk about Nostar and the Twitter context but there's a you know

Elon Musk has updated the Twitter terms of service so if you talk about Nostar in your in your Twitter profile then you could be at risk of being banned or having your tweets deleted. And then you have this billionaire who helped we created Twitter on the other side who who they desperately understands that this thing should definitely not be under the control of one big corporation

that is a commons the whole world users and it should be a protocol like that's exactly what it should be. And the software which people it's funny because it was like what a month ago when Jack Dorsey started showing Nostar and there was like 500 people in the telegram group most of them developers making docus off where for developers and then suddenly within a month it's

like now we need to like have something ready for the world and actually considering that the short period of time and the amount of eyes which have been on Nostar I'm actually really quite impressed like what solutions have come out which are you know kind of ready to use. There's a bunch of stuff which is protocol century which should be abstracted out such as the net

five stuff which Martin was talking about. But yeah like Damus is it is a great example of like a priest straightforward user centric experience. I think part of the problem is like we've been sold this lie that you're going to tweet something and then it will magically exist forever. And then how does that magic happen? Like you have to sell your privacy for that magic. And

then the reality is like if you don't want to sell your privacy then that becomes an a familial experience. And actually the format which Twitter is pretending to be which is conversational. Like we have a conversation in real life that's the explained to me more people Hadna have meant for commercial quick starts right now . And still it ok to move on at Nostar we will

get across, and those people suddenly seem more real, you know you get the the trumps and the Andrew takes and whoever else, and they're playing the game because like most of us understand these things are recorded forever and then we're conservative what we say, when those people don't care and they just say whatever and then they seem real and then that tracks like a big following

and actually they're just piggybacking of the back that there's this thing which pretending to be conversational, it's not conversational, like Martin said it doesn't reflect real life actually information is a family role it disappears and then you know people forget stuff and whatever and the you know the privilege of being able to store things forever maybe that should have a cost to it and maybe that

should be something we should pay for in a relay and if you want to pay for that by you know giving your privacy away and just having an advertising cool whatever but then you could also pay for it with Sats as well. So it becomes very Nostar the most interesting thing about Nostar is it's your choice as the user, whatever you want to do you can

do that. I don't know I think the real lies this idea that places like Facebook and Twitter are civic spaces like a town square when they often really seem a lot more like shopping malls the things that you say are grossly controlled by corporations for corporations ends and there's a lot of filters and censorship that you wouldn't see in the town square although they are built

on top of the Department of Defense and the Army's networks where we're a lot more like public squares because we allowed VCs to build them quickly with venture capital and based on advertising we've gotten those networks we've gotten the worst possible Internet but we're running out of time moving on to issue four Keanu Reeves cryptic criticism of crypto is only going to make it better the

star of the matrix says to dismiss crypto because of its volatility will strengthen it. In terms of how it's safeguarded saying that I think the principle the ideas behind an independent currency are amazing adding that to poo poo crypto or the volatility of cryptocurrency it's only going to make it better in how it's safeguarded. Artin Wismer what do you think about Keanu Reeves the star of

the matrix coming out in support of Bitcoin and cryptocurrency. I mean I can be really happy with that. I'm really short about this how can you disagree with the guy whose name was Neo and was like met the architect in the matrix. I'm totally on board with him. He saw the lights. He saw through the matrix and then he discovered Bitcoin. I mean really we saw

it years ago but you know he was stuck in his matrix but now he discovered it too. Yes crypto will only become stronger but Bitcoin he means crypto is probably all the little numbers you see on your screen when you look into the matrix but behind it is Bitcoin. Yes Keanu good job. It's great to have Neo on board we could also use Gandalf maybe Patrick

Stewart ugly old goat what do you think of celebrity Keanu Reeves coming to crypto. It's great but you know who the number one celebrity is I'm looking right at him Thomas you know you brought all this on. I mean you are the Neo so I'm sitting here I can't believe them on this show with a guy that I watched years ago when Jimmy saw your Tom

Day so I know I've been working with this guy said the news Satoshi of no star I just heard about it. Man you you have pioneered Bitcoin for guys like me and I just want to thank you. You're the Neo and you've been at it you've been consistent and we all owe a great debt to you. Thank you so much for having me on I'm very

honored. Don't overdo it because then you know it's it'll be difficult to deal with for the next episodes. No, I'm not going to change that. I had a conversation with him coming to MC it because of COVID you know. I second I second Thomas Thomas is the is the Neo brings us all together and creates things. Yeah. Yeah. Thanks so much. I believe that's really nice

to say and just for everyone out there you can be the own Neo of your story. You can go out there and make your make your history do what you want to do. Dan Eve what do you think about Keanu Reeves joining us in crypto. It's cool that he's he's kind of finally read pill himself right he chose he chose the blue the red out of

the blue. He is interested in like he kind of you turned on on NFTs right so he is interview for a year or so ago he wasn't into NFTs now he's like backing NFT projects I think he's sort of you know he's involved in multiple NFT projects but at least you know he's he's public about about Bitcoin and and the fact that I kind of as

soon as I heard the quote about like the if you if you you you you you criticize Bitcoin it only go stronger it kind of maybe think of that scene and from the Matrix where you know the Oracle says yeah don't worry about the maze. So I kind of maybe think like of the they're saying like would you would you still a more Bitcoin if the

SCC haven't have called it worthless tulips or whatever you know and JP Morgan so whatever it does it kill it makes it stronger. Ultimately so anyone that talks about it especially if it's from from a sort of a household name like Warren Buffett or whatever they're still spreading the word about Bitcoin and people are going to still learn about it you know they may start off

negatively and just believing the press and easily you know dismissing it as you know as as silly internet money and whatever and then as soon as you understand the potential it turns you know and it makes you see a different side of of how of money and how money should be for the people rather than be from you know from the central banks and control by

central banks and and out of your control as a as a human being so it's also good guy it's like amazing to have you know another big big name on on a site class it's it's feeling so it's an adventure right so this is this must be part of the incredible journey of realization the Bitcoin is sound money and I just saw the actor the history

teacher from Bill and Ted's and he was in like an old like Twilight Zone or something in the 60s and I'm just sitting there the whole time I'm like where do I know that guy and it's like oh yeah and you're telling me that Caesar was a salad dressing dude but it's great to have Keanu with us I think if you go back to that NFT

interview Dan I think that he didn't know what NFTs were he was surprised and then I think very shortly after that he found out that the movie company had already made NFTs of him and Carrie and Maude and all these other matrix characters and he was like what is going on and I probably later on they explained it to him they're like yeah we're going to

do these things and they're collectables and you get a cut this time actors like it they like it a lot better when they get a cut they're always surprised they're like oh yeah I'm making money in what now because the streaming thing they had all those contracts no streaming at all so they just started streaming movies with your face in them and you're like oh I

guess that's happening Ben arc what do you think about Keanu Reeves Neo Bill and Ted the matrix joining us in crypto I think it's great and I think he sounds so informed and and and collected and wise and it's a far cry away from you know like Bill likes Preston Esquire from the films and I want to go back to what I think we were saying

actually because like yeah we've got Keanu Reeves now but man like you know Thomas practically invented NFTs with Keanu cards so we've got Ma and here who's had one of the first ATM companies to ever existed we got down here who was like wrapping and and about Bitcoin before people were wrapping about Bitcoin like Josh who's after that on the show as well and he came

up with this incredible like glass books protocol for for the exchange and the whole bunch of things before tour at first I like it's such an it's such a privilege to be part of like a channel with so many OGs and not just I'm ugly as well like ugly he's been consistently right in like economics and in trading and you've seen all these other like you

know trading thought leaders just kind of fall by the wayside and ugly just continues to to pion on through it's such a great channel man and like one day maybe we'll get Keanu Reeves on here as well and like welcome to the welcome you know welcome to the Freitiano but like we've been here for a while and there's some this is an incredible channel it's just

to is it is it the all-coast probably got a little sentimental about the UCF but what wow I can't wait till we get on we'll just we'll quote non-stop Bill and Ted to him we'll just be like the truth is knowing that you know nothing nothing so great us so great but we're running out of time we have one more bonus issue just breaking today issue

five finance considers severing US ties in the face of crypto crypto crackdown the crypto exchanges been investigated by a host of US regulators and Governance agencies for those of you keeping score from the future we are still in the time period where Binance is considered a company and allegedly is not yet an international criminal conspiracy Dan E of Binance is taking $400 million back from the

US entity and separating more so they have no location no headquarters briefly they have no headquarter they were in Malta but there were too many rules there for Binance allegedly still working out there in the world an amazing organization what do you think about the latest so called crackdown on Binance it was kind of only a matter of time right because with all these other companies

being being chased by the SEC and and having rules imposed them in Crackin Crackin you know just having to pay a 30 million fine about staking and obviously you know Coinbase has been cozy up for a while but they're still under the under the BD watch for live the SEC so Binance have kind of evaded it for quite a while and it now seems like that

starting to come to an end especially with you know Pax also to stop issuing BUSD that's that's pretty you know it's pretty bad for them especially is BUSD is like still in the top it's like it's what one of the top 10 is like number eight in terms of market cap of stable coins so that's quite a significant hip and if they have to scale down

the US and keep offering the way they are right which is which seems on the surface you know I think cZ as a leader he seems quite to me I think quite honorable and you know they have the safe food funding is he's quite transparent about issues that happened obviously there's internet slews who whenever a little Binance issue happens they'll sort of find some inconsistencies with

their stories but largely they're quite open especially for the CEO of a platform so I think it could be you know it's not very positive when when regulators chase out a business entity especially one that's got such power and not like power is a bad word but it obviously does have power but it's actually providing a service and it's done it successfully for a long while

you know they've got a good customer base and a lot of people use Binance is a nice easy to use platform and it's also got advanced features so you can see why it's sort of grown as a business but yeah I think I think their time is up from evading the authorities and they're going to get clamped down on soon so yeah it seems to be

the season of regulation right? CZ is incredible and definitely a visionary but it still seems like a river boat shit coin casino floating from the ocean place to place in international waters always on the run ugly old goat what do you think about Binance and the crypto crackdown? All right well the crypto crap is a crap down as what it is the problem is not Binance

the problem is the United States government thinks they have control over anything the United States citizens do so you know what there needs to be a revolution in the United States because why should the why does the US government have jurisdiction I can't trade on a lot of these exchanges the goat lady can because she's not American citizen I'm at the point do I keep my

US citizenship or not you know when Arthur Hayes was prosecuted why didn't they prosecute all the people but lied so they could trade on his better platform because everybody went to the best platform but they had to lie they are the ones that were committing the fraud not Arthur Hayes that's why he's up here that's why he's the Bitcoin standard bear because he took shit for

you guys and I'm talking about every US citizen that was trading on on on on you're the problem United States you're not the solution you think you're the solution you're the problem there's Binance is everywhere they all look the same but they're all different and you can chop one head off and you know I will just reappear in Malta or it will get regulation all approval

in France or somewhere else so yeah I understand there's investigations in the past there was some issues I believe with their US entity that was like not really an entity but was just there for the books and there was like it's it's it's it's it's complicated I think the approach they took as a company was built it fast we'll fix it later and then they found

out that no need to fix it it works great as is and now it's it's it's you know they're catching up on him I've had seen some some string things like US clients or US users trying to use software that would go to Binance.com but fire you know the API keys and they will be redirected to the US entity and then it would break so it's

obvious that they they try to redirect based on where you were from but they didn't always work and that goes a lot of headache so you know if you put your if you put a lot of funds in an exchange I think you deserve to know where they are based and whether they're properly organized and not a sort of hide and seek hide rust structure I

don't think that's good you know I got one of the credit cards that look really nice debit cards debit cards you can fund them with crypto I mean specifically say crypto because I think it works with B&B coin and a bunch of other shit coins and maybe also Bitcoin but I don't know I don't like the cards I never use it I never bother to use

it but I hope they get their eggs to get her because yeah as you say as you say she said you know it's like pretty transparent in most things he helped take the Sam Bankman's shit coin empire down so Kudos on him yeah so he's got some definitely got some street cred they do a lot of volume but they they should just get their act together

and become like a real company and and I think people it's good for the clients in the long run but you know if it means closing up their US lemonade stands and move elsewhere why don't they just move to another jurisdiction and just set up shop there and just run it all from one place it would make more sense instead of just doing the whole hide

and seek run away type of like we are currently based in Malta and now we're based in in the UK or now we are regulated in France I mean just makes no sense people will use their exchange anyway but it doesn't give a lot of confidence for the end user if they're doing this whole moving roaming traveling circus style operations so yeah they'll succeed but you

know we'll see time will tell they did end SPF but they also funded him in the first place so you have to watch out for that and Ark what do you think about Binance and the latest crypto crackdown there cracking down on Binance they still haven't a US operation they're used to taking $400 million out of the US operation there's a lot of questionable things allegedly

happening I know I know nothing sorry karaoke the truth is knowing that you know nothing so creates but we're running out of time so we're going to go to exit question or story of the week Dan Eve do you have a prediction or a story of the week go ahead I'm just going to go for an easy prediction I think it's going to be quite easy

but the hatch rate of Bitcoin will be 400 exer hashes before the before the year is up isn't that much from now suddenly another like 20 25% but I'm blank right now so what do you guys have going on at ugly ol goat dot com have you done anything new recently well we've got a new lifetime membership for new and you know I started it out

I started at a tenth of a Bitcoin but now that's way out of the pro and that's no it's more than that a half a Bitcoin is what I charge it was only like 400 odd when I started so we started a whole new thing for newbies for 200 hours we have a little it's on the website so it's on our the Twitter page but yeah

we're doing that and the goat lady she was here she she's been so busy we've got we I'm a big believer in being busy and doing your thing and and and hollow Bitcoin that's in other words this whole thing about banking you can create money as long as it represents real well and biggest problem we have right now is that all the shitcoins they're not creating

new wealth they just create the money but if you do create new wealth you literally can that's called self liquidating commercial paper and that's how banking worked on the gold slater which few people understand so yeah I saw it Lawrence White is coming out with a new book it's gonna be out in about three or four weeks everybody needs to keep their eye out on that

one I'm looking forward to him because he was one of my mentors way back when 40 years ago when he started out I was starting out that's great sounds like people can learn how to huddle huddle huddle build a build a build a and save a save a save a very good stuff a martin wish mayor do you have a prediction or story of the week

good well my story of the week is that I'm now on Noster and you can find me on n3p1e1e7 w7xm whatever nevermind just look on my Twitter profile tweet TWIT and you'll see my public key there see there it needs a little bit of improvements is all Noster thing because how am I going to share my profile on Noster without using Twitter so Ben Ben there

was well it is one of the fun things sometimes when you see a chat on Noster if you don't have their names it'll put in their pub keys and it's two giant pub keys talking to each other and are they going to fix that yeah so we got we got net five which is the thing which was like really clunky added to to Martin's app so

it's in it in it in it five net five you can have like Martin at whatever so it could be Martin up Twist.com for example and then you could just have you know you know find me at at martin on Twist.com so and in fact this is like one of the the use cases for so like what do I do in Noster.com there's all this excitement

of Noster but like I've got Noster.com what do I do? Fiat's office put like a really nice so if anyone's interested in the protocol how it works some good examples go to Noster.com and now there's a really nice flash page which has that stuff in but we should also probably sell handles at some point which you could do with the net five so you could pay

X and other stats and then half like you know Ben at at at this sorry Ben at Noster.com so yeah so that is that that is a problem which has been tackled that like yeah you are using public e-crypto but you can do you can identify and handle yeah well yeah and that does look nice I wasn't I still I still think one of the the

funnest ideas ever was the Noster improvement protocol which became the nips and now people talk about nips publicly and so on and so forth Ben are you have a prediction or a story the week go ahead. Story the week was we've been pulling out extensions in Alan bits so now they're installable they're actually installable so the characters that you will run your Alan bits install and

then when you it's when you add an extension it's just like WordPress you're actually downloading that extension and then installing into Alan bits actually for the UI it's not that much of a leap because originally we just packaged all the extensions in with the software but it is most low to better because obviously like you probably only want to use a couple of extensions and by

only using a couple of extensions and then we can just do that. There's not packaging all in all these extensions your attack effect is much smaller it also means we can take the core software and we can we can get audited and get our beta as well so that and the Nostar stuff so the Nostar client the Nostar really like and then also Diagonally which be

work on in our business as well as too much when it's too much my head spinning and all whether it's coming all going too far is to very giddy. Sounds like a very another exciting week for Nostar and Alan bits thanks to everybody for us for joining us be sure to give us a thumbs up down below leave a comment hello to everybody in the chat

and until next time.