The Bitcoin Group #351 - $1 MILLION - Greenpeace S

The Bitcoin Group, the American original. For over the last 10 seconds, the sharpest Satoshi's, the best Bitcoin, the hardest crypto currency talk. We'd like to welcome our panelists, Victoria Jones from Satoshi's page. Hey there folks. And I'm Thomas Hunt from the World Crypto Network, moving on to issue one issue one Bitcoin to $1 million. Former Coinbase CTO, Belagy, predicts Bitcoin to rise 35,000% in June amid

US bank uncertainty. That's right. Belagy is predicting that the price of Bitcoin will rise to $1 million. A coin entering to into a bet on Twitter with two individuals planning to pay in the USDC if the bet is unsuccessful. Belagy believes that Bitcoin hyper Bitcoin utilization will start and a re-denomination of the global economy based upon Bitcoin as digital gold. And he believes that it's going

to start and complete itself within the next 90 days. Victoria, what do you think about Belagy's prediction? $1 million a coin in 90 days. Well, it's a bold call and that would be nice. Anyone who's holding Bitcoin, I'm sure would appreciate that. Although, if it does go to $1 million in 90 days, it means the world is in some serious trouble. So, you know, it might

be great for Bitcoin. There's not so great for everybody else. So, you know, just to the sake of everybody else. And the fact that they need a bit more time to kind of figure out what's going on and get on board. I hope it doesn't come true. But for those of us who do have some Bitcoin, it means that at least we can help the world

carry on if it all falls apart. So, yeah, a bold call realistically though. I don't think it is likely to happen. I mean, I recently saw the interview that he did with pomp and I think even he was saying that as apart from anything else, it, you know, just the fact that he said that has created a lot of attention. And it's a way of drawing

people into Bitcoin in order to, in order to get people in. I'm interested in this because ultimately we've all known for a long time that this is what's likely to happen in the long term future. I tweeted earlier today, I think I said, you know, I think someone said in the past, they've said Bitcoin's a solution looking for a problem. And I said, it's not a

solution looking for a problem. It knows that there's a problem. Now it's just waiting for everyone else to figure it out. So, you know, and I think if, if it gets to a million dollars in 90 days, it means everyone's figured it out pretty damn quick. And I'm not that confident that people, you know, 90, none of us figured out Bitcoin within 90 days. I think

for people to go from knowing nothing about it to be experts and going to put all them in 90 days, I'm not so sure about that. So, I'll be interested to see what happens. I think it would be a classic peric victory where the victory is destroyed as well. Because if Bitcoin goes to the market, I think it's going to be a very, very difficult thing

to do. So, I think we're going to be able to do that. I think it's going to be a very difficult thing to do. So, I think it's going to be a very difficult thing to do. Do you think exit question will be largely win his bet? I don't think so. And the other thing that occurred to me while you were talking is, of course, if

M2 money supply. So, if all of the banks collapse and there's no M2 money supply, what's supporting the price of Bitcoin? So, yeah, it could play out on either extreme, which could be very interesting. I think it's a lot like that twilight episode where the guy finally has the all the time in the world to read. And then he breaks his glasses. You'd be sitting there

pointing at your computer terminal. I have all the Bitcoin. I have all the Bitcoin and no one would care because, you know, there's no more day trading. There's no more Bitcoin. There's no more marketplaces. It's survival of the fittest, right? So, I think it'd be kind of a disaster. But everyone's really excited about it anyway. And what belongs is going on. Let's move on to issue

two. Jim Kramer predicts Bitcoin's imminent device. Will is record for getting it wrong. Continue. Jim Kramer. Kramer of the TV show Mad Money. He's known for pushing those buttons that make all the sounds and it goes, you know, so amazing. He has a professional show where he does that. And apparently people invest based on his advice, although the index predicting against Kramer has been correct 105%

up. It's a crazy. But he's also predicted that Deutsche Bank is very profitable and doing well. Thomas Hunt. What do you think about Jim Kramer? Jim Kramer's predictions. Well, as everyone knows, I ran a show called Mad Bitcoins, which had nothing to do with Mad Money ever. Just kind of had the title. And I just thought that Bitcoins were mad and crazy. It was more of

an Alice in Wonderland thing. So not a big vent of Jim Kramer or anyone who predicts about money on TV. I was very impressed by Hassan Minaj on the daily show. I think he should be the permanent host. He also went to the same high school I went to. So totally biased for Hassan Minaj, but he did a great bit with the guy from Shark Tank.

And he talked at the end and he said, really, you shouldn't be investing in individual stocks and you shouldn't be showing individual stocks on your show, especially at a daily and granular level. You should tell people to buy index funds over the long term normal people would be much happier in a mutual fund and an index fund in a basket of stocks. Whatever it is, they'd

be way safer than following the mad money and going after this and going after that. And I like this. And I like that. And we all know Kramer has been wrong on a lot of things. We know that predicting on TV is ridiculous, especially the granular nature. My brother watches CNBC every day and I don't know why and every time I watch it, I wonder, like,

why don't they have one show where the guy just sits back and he's like, I'm a yearly investor and I don't check the price of my stocks all year. I just sit there and he's like, I'm fine with it. I checked last year and they went up 3% I checked the year before two and a half. If you have the right investment strategy, you'll be fine.

But I think everyone wants that insider information. They want to get those ups. And if they're watching the Jim Kramer show, they're kind of just like horse pickers or gamblers. They're just looking for a new horse and Jim Kramer is going to lead them there. Victoria, what do you think about Jim Kramer and his predictions of the market? I don't live in America. So I don't

actually see the show on a regular basis, but I am aware of who he is. And I have heard I've made heard a lot of people make fun of the fact that, you know, he's famous for being wrong a lot of the time. And I don't know maybe he's he's now cultivating his personality around that. You know, maybe, maybe it's the ultimate test of the intelligence

of the public to see how long they're going to follow Jim Kramer and how much money can they lose in the process. But yeah, I mean, I'd be very surprised. If anyone is actually watching that show anymore with serious, seriously intending to follow his advice for investment. It's probably for entertainment purposes only. But yeah. And in terms of him predicting Bitcoin's demise, well, we all know

how wrong he's like to be on that. So he's become quite counter counter indicator for Bitcoin. And as Hassan said, I mean, we just they really need to stop doing this. They should shut up and start. Charptank stick to what they know. But and that they also, there's this idea where Kramer and other people like this, they do have a diversified portfolio. They themselves have tons

of real estate. They have tons of mutual funds. They have it all mixed up to the point where, if Kramer saying, I like Nike today, he's taking his kind of play money and betting on that. And for him, play money could be tens of thousands of dollars, whereas the people at home, they have a hundred bucks. They're going to buy one share of Nike. They're going

to hope it goes up. They're going to walk a lot. Watch it every day. They're going to live and die with that one share. And it's a completely different reality, whereas if Kramer could see your portfolio, he would probably say mutual funds, he would say savings account, try to get some real estate. I don't know if financial advice, but they're just so many more basic steps

of investing that you could do before you're like, take a flyer on Nike or get me some of that beyond meat or whatever the stock of the day is. And these shows yet, they go on 24 hours a day with this. They're going to price up the price down and they're starting to integrate Bitcoin and altcoins and ICOs and everything else. So whatever you're going to

call them now into that. And it's that same thing where we just want that dopamine hit of the slot machine. We want to pull it down. We want to get that sweet money. And we don't really, we're not logically thinking that we trusted a guy on TV called mad money. We trusted some random former investment guy, some vice president of some company, speaking of which, moving

on to the exit question, vice president. We have the biggest Bitcoin predictor right here who predicted that the price of Bitcoin would be higher last week, correctly, as per usual. Victoria Jones with a price of Bitcoin be higher or lower this time next week. Keep in mind that you are predicting against the greatest predictor of Bitcoin in history, the magic Bitcoin. Um, I think it'll be

lower. I'm always bullish. I'm sticking with hire and I'm going to ask the ball isn't higher. You got to be careful when you shake the ball. I'm going to ask you to be careful. Will the price of Bitcoin be higher this time next week? It is decidedly so doesn't want to agree with me, but it agrees with me. Moving on to issue three green piece war

on Bitcoin unintentionally spawns a new bad ass mascot green pieces skull of Satoshi artwork highlights their gripes with Bitcoin's consensus mechanism as predicted on this show they're using. The Ethereum switch to proof of stake to claim that Bitcoin and proof of work are dirty. They're ignoring any of the security benefits and sociological benefits of having a proof of work system, not having a centralized proof of

stake system. This is a picture one of many of the incredible green piece skull that they launched to the internet sometime this morning. Bitcoins have taken to it. They love it very much. You'll note that they have a nuclear power stacks as well as normal smoke stacks. They're getting their boogie men missed up. There's a great cartoon here by Maxie's club at Maxie's club on Twitter.

It says a little robot green piece guy says Bitcoin is bad for the environment. Change the code. It's probably rare Pepe guy says change it yourself Bitcoin is open source. It really kind of sums up the whole thing. Also this one here said, hey Bitcoin or check this out. The Bitcoiner says it's beautiful. Bitcoin seems to be loving their new skull mascot provided by green piece

Victoria. What did you think of green piece and their brand new skull? Well, I mean, who doesn't love a new piece of artwork? I mean, the motivation behind it is rather questionable. Which kind of boggles the mind really. It's just like anyone who commissioned that either. Completely misunderstands what's going on. It's also an example of how much money goes into propaganda in order to try and

change people's mind on things. Because actually, if you think about it, Bitcoin is ultimately a set of rules that a group of human beings have decided upon. Ultimately, the only way to disrupt a decentralized system is to change the belief system. So for example, you know, there's a book called The Starfish and The Spider, which talks about the difference between centralized organizations and decentralized organizations. And

the analogy they use is when they tried to conquer South America, it was dead easy because they just had to find the leader. Once they bumped him off, it was easy to capture the rest of the country. But it was much harder to capture North America because you had the you had the Indians who worked on a much they worked on a collective bleak system. They

carried for thousands of years and it took them a lot of time to get to the world. It was a lot longer to overcome those Indians because those belief systems were very ingrained. And ultimately, it was the effort to change those belief systems that meant that they're able to conquer it. And because kind of the same thing, you know, it's one of the it's most powerful

things is it's narrative. And the fact that it gives us a chance to create a fairer society and and people who are really fed up with how unfair it is really buy into that. And it's one of the reasons why they're so passionate about it. gs. and what they're relying on is the fact that people are going to be more bothered about climate change and they

are about the fact that they can't afford milk and they can't afford eggs and you know they're about to be homeless because they can't afford their mortgage and you know ultimately at the end of the day who do you think it's going to win the argument. So, you know, once you understand it from a big picture perspective, it's very musing and I think the big coiners

who are laughing understand that very well. I'm saying great, that was a good use of money. We're going to enjoy watching how this works out. So yeah, I'll be interesting to see. So, you know, if you're having a graphic or art piece, whatever this is, it's kind of like when people are addicted to crack cocaine. You know, have you thought about switching to candy bars? You

know, candy bars are great. You don't need to use crack cocaine. Well, people think that Bitcoin is the goose that lays the golden egg and they're right because every 10 minutes a block is produced. The money is given to the miners. They sell it to the market. The golden eggs are distributed and we have to ask ourselves that question from the movie Idiocracy says, is I

like money too? Like we're friends. Everyone likes money. People aren't going to stop in a Bitcoin. They aren't going to stop into crack cocaine because you show them a cool artwork with glowing laser eyes. And I agree with the critique about the cooling towers Bitcoin that was mined by nuclear power be clean and better with the exception of the waste, which seems at this point of

the best possible trade off we have for producing electricity. So, if you like, electricity, I want to have to have those trade offs. But yeah, there's no way that they can kill Bitcoin this way. There's no way they can change the code or slow Bitcoin. I agree with the cartoon, the comic strip, they could launch their own green piece version of Bitcoin that would be proof

of stake that would be rejected by the market by the superior security proof of work version. They never say, oh, well, it costs so much for your proof of work. Well, it costs so much for superior security for a better network. And we're going to see that as the competition. So, we're going to see that as the competition with Ethereum continues. And I do think that

this will change at some point. The green piece will realize that they'd be better off joining with the Bitcoiners. They'd be better off joining with the new economy and the new reality that crypto currencies and all these other things have created that is not going to go away rather than sticking with the old reality in the banking system, which is probably where they get a lot

of their money. So you got to wonder about this, who's paying for it? It's a lot of advertising. It's a lot of money. But then I think that's the thing that again, Bitcoiners are offering money for the piece. They would like to purchase it. They want to try to have it at the Bitcoin event in Miami. Maybe they could auction it off. And I don't know

if it helps Victoria, but they say the piece is also built of old computer parts, things from before you could even mind Bitcoin or before Bitcoin even exists. So I guess it makes it a better critique because it's made of garbage. I don't know. We better move on to the next issue. Check out worldcryptonetwork.com. Worldcryptonetwork.com has 3,000 and 37 videos, including last weeks with Adam Meister

and Adam McBride, the all Adam Bitcoin group episode at worldcryptonetwork.com. Moving on to issue three, Litecoin founder, Charlie Lee says Bitcoin fixes world's dirty gold problem. Yes, there's a problem with gold. It's almost impossible to spend as the graphics not here, but there's a graphic where it shows a gold bar filled with tungsten. And it says that the gold bar would have weighed correctly. It would

have looked correctly felt right in your hand. But if you cracked it open, it would be tungsten. And Charlie Lee creator of Litecoin says that Bitcoin has an advantage compared to gold. You can send it around. You can check if it's real with any of the nodes on the network. Victoria, what do you think about the current market?fall? possible to spend gold? Yeah, I think he's

absolutely right. I mean, it was one of the things that occurred to me when I first became interested in Bitcoin because I actually took an interest in gold and silver first because it was listening to economists and learning about the properties of sound money and how that was based on the metals. But because I was running my own business at the time, I realized that just

taking cash to the bank was a complete hassle compared to collecting card payments. So the reality of actually accepting gold and silver for payment, fraud is actually a big problem. And of course, with Bitcoin, it's verified with the code every time you spend it. So, you know, avoiding fraud, the fact that it's heavy. I mean, ultimately, the only reason a gold standard works is because you

need a network of banks in order to create the receipt against it in order to make the money flow. And of course, it's because the banks could not be trusted with actually keeping those accounts honest that we've now got the problem that we have today. I mean, I know they felt they had very good reasons for adjusting it when they did. Like, you know, the first

World War, but ultimately, it didn't do the rest of us any favors. And so the thing is, if we go back onto a gold standard, that's what you need. You need the intermediary in order to make it work as a payment mechanism. And of course, you know, Bitcoin, you know, gets rid of having that third party. That's the main benefit of it. So, you know, it's

got similar properties to gold, but it's superior in many respects. And many of us, you know, we've got a lot of money. coins were being debased by being mixed with other coins. I mean, that's what led to the French at the time. Adam Smith wrote in his book that the British pound was already only a third silver. The Scottish pound was a sixth silver and the

French Frank was a 166 silver, which was why they had to change their currency into Assignats and that's what led to the French Revolution. A lot of people saying that we need to go back to gold. They really need to rethink. I mean, I know that's what's happened for centuries, but as far as we know, we never had anything like coin before. Logic dictates that it's

definitely better, but people find it very hard to visualize new things and change is difficult for people as well. A lot of people are scared. It's still scared of computers. Years before my mother was felt she could send a text message. Even though most of us were comfortable with it, people really struggle with those sorts of changes. But logically, of course, it's better. It is all

about those trusted third parties where you have to trust that they have the right number of gold for the right number of gold certificates. And that's that's always where the problem is. That's always the choke point there. And I remember I think it was one of the very first Bitcoin conferences I went to Bitcoin in the beltway where Jeffrey Tucker said that gold is great. And

it's fantastic as a currency. And it has just two problems. It's heavy and it takes up space. And if you look at these properties, if you look at the market, you're trying to flee the country and you had a trunk full of gold and you go over the border and it goes to don't to don't. Well, they're obviously going to know you have tons of gold

in your car, even if you welded it and hidden it in the car. And it's the trim. That's just the trim. No, there are no they're going to know you have gold. There's been pictures of fantastic like 1920s and 30s cars with wrecked axles where people are trying to escape with their gold. And the same thing, even if you're trying to stay in one space, if

you want to go to the store, you have to take your gold with you. You have to like have it in a car following you around, or maybe you left your gold back at base. Now you've hired guards. Now you're essentially running your own bank. Maybe you could share with some other guys around here. We could all keep our gold together. We could save money on

the guards. Now we're running a bank. And it's only a line there. As Victoria said to we're printing out gold certificates because it's too hard to carry around our gold. And we don't want to go to the bank every day. So we trusted, you know, Arthur with the ledger to write down the gold certificates and we can trust him. And we're once again, we're back in

the same situation we're at before with the fractional reserve with an untrustworthy bookkeeper. The amazing thing about Bitcoin at its core is that it has this trust worthy bookkeeper of the blockchain where the shared ledger that Arthur's writing into is held on hundreds hundreds of thousands of computers. And we can check with them and say, Hey, did you get this deal? I got this deal. And

we can work it out together. I think that gold will never have that. And if it also goes with NFTs and collectibles where if I say you have a Kerio card and that digital signature matches up with a digital signature of a Kerio card, you surely have one. It's quality. It's there. It's rare. It's been passed from this person to that person. You can track it

around. And that's what Bitcoin is delivering is that collectible truth of that knowledge. And with the bar of gold, even if it's on a ledger, if it's in someone's hands, they could have switched it out. They could have stamped it. And it's been faked in and had a whole elaborate procedure, even if it's made as fancy jewelry, it could have been swapped out. You only know

its gold when you really test for it to be gold, which also helps destroy it and make it hard to resell. So I think we're a long ways from a gold standard and a lot closer to a Bitcoin standard. Let's move on to the next issue issue five. I think I don't know. Linus text tips was hacked and used to stream a Bitcoin scam using Elon

Musk at the front lines and Linus tech tips is a great YouTube channel. It's been reviewing technology and items for maybe even a decade. And their password got hacked the other day. And what the hackers decided was the best way to make money on this was to rename the channel Tesla and start showing a video where Elon Musk at the bottom of the screen suggests that

you send him your Bitcoin that he will send you double your Bitcoin back. So it is an impressive turn on an old scam to see the hackers start to take over popular channels, even rename them to try to trick to get into your feed to trick you to send them your Bitcoin. So you could get double the money back. Victoria, what do you think Elon Musk

himself was promising to double your Bitcoin. This is a major channel. They probably have millions of subscribers as 15.3 million subscribers. How do you think the hackers did? Do you think they got any Bitcoin? Would you send them any? I mean, they're clearly going to double your money. You got to unmute there. Sorry. Well, many of us are now familiar with that scam. So particularly in

the Bitcoin space. So to accept anyone who's familiar with it may well have smelled a rat straight away. Also, the idea of some like Elon Musk. Considering how famous he is, if you start to think for a minute of what the reality would be of everyone sending him a load of Bitcoin and for him to double it. You know, when you follow it through logically, you

know, I think most intelligent people would have walked away straight away. But of course, the entire world isn't like that. And I can imagine that, you know, quite a few people fell for it because people fall for scams all the time. And if it was done realistically, and you know the thing about channels with a lot of subscribers is you know, you know, I mean, I

don't know. Yeah, you've got the attention of a lot of people. Although it was a tech channel. So, you know, presumably most of their audience are pretty tech savvy. So me, you know, they may well have thought something was off straight away. So, you know, there were probably lots of signs that you shouldn't trust it. But, you know, I can well believe that many people fell

for it. Does the article say how much they managed to get away with? I suppose they know today because they. It doesn't say, but it would be possible to check the Bitcoin address on the internet. On the blockchain, I don't have it handy right now, but anyone watching later can check and put it in the comments for it. But yeah, I agree with what Victoria is

saying, even logistically to think about Elon handing out the Bitcoin or sending it back to you, even if he had a secretary that's sitting there. Oh, 15.3 came in. I'll send out the 30. Oh, this came and send it out. And you know, maybe he has a script or something. But then he's essentially saying he has a script designed to give his money away. Why would

he write this script for what purpose? And if Elon Musk is so rich, he's one of the top three richest in the world. Did he get that rich by giving that money away? That doesn't make any sense. Well, when we hear about and we hear about. He's invested in this. He's building this company. He's building these things that then he sells for more money. And that's

how it works for him. So it doesn't make any sense, but it is impressive for them to take over Linus text tips to get these 15.3 million potential suckers. They also have to have Bitcoin. So it is kind of a tariff. The market has to be tech people. They have to have the Bitcoin ready to send. So it is a bit difficult. In some ways, the

scams where they call up the old lady and they get around the phone. They say, Hey, go to the Bitcoin ATM. You know, get your cash from here, put your money into the Bitcoin ATM and they keep them on the phone the whole time. Like a terrorist. In some ways, those scams probably make a lot more money. But this one, they just had to get the

password to Linux tech tips, launch their payload. Have it already. And boom, they get some money. Bitcoin because I'm sure somebody said, Oh, I got to try it out. You know, he's he's doubling the money. So it's a really good deal. And it's exciting to see the hackers continue to change their techniques. And it's sad to see YouTube doing nothing. YouTube could easily stop this. They

could shut it down. The article could say the hack lasted for three minutes. But we don't doesn't say that we know the hack lasted for hours. It was damaging to the reputation of Linux tech tips who is a good YouTuber. Important part of the channel of the company, except not because they don't treat them that way. But moving on to our bonus issues. We have no

graphic here, but it says crypto giant Binance resumes with draws and spot trading after a glitch called the outage. So everything is fine at Binance. There's nothing to worry about that the company has no headquarters and they keep moving around with draws are back on. They said in the article that Binance now responds for 90% of the spot bitcourt coins markets are surely nothing bad will

happen with this in the future. And Tara creator Doe Kwan is reportedly arrested at the Montenegro airport. Doe Kwan was one of the founders of Tara and Luna. One of the stable coins that collapsed recently. It was perfectly stable right until the end when it wasn't Victoria. What do you think about Binance and Doe Kwan allegedly being arrested Montenegro? Um, well, Binance, I think it's a

shame really because I think Binance does a pretty good job for those of us who work in the, in the crypto, who were involved in the crypto industry. Um, you know, it facilitates, you know, trading of, you know, a new innovation that wouldn't be available otherwise. And, you know, the fact that it's been so successful and it holds so many assets is testament to that, you

know, people absolutely love it. Um, obviously there are some legitimate concerns that many people have raised. But of course, a lot of the concerns are due to comparing what Binance does with the rest of the traditional financial system. And they're assuming that, you know, because it doesn't follow the rules of the traditional financial system. Um, there's nothing constraining it. But of course, all of the rules

will all the different cryptocurrencies are constrained by the blockchain. Well, when, when you're dealing with them out in the real world, so to a large extent, you are trusting, you are having to trust that, you know, Binance is doing the right thing. But, you know, they had a big run on their, on their treasury at the end of last year with the FTX scandal. And they

seem to hope that seemed to hold up pretty well. Um, but obviously with Tara and Luna, you know, it was a, you know, a lot of people lost a lot of money when that collapsed. And a lot of people have put their trust in that stable coin. And, you know, I think it's really sad. I mean, with a number of these hype cycles in crypto and

a number of people have ended up losing money because they trusted the wrong people. And so, you know, a lot of people are getting very hard education, you know, following these things. And, you know, this is, this is the reality of operating in the world, West, you know, you have a whole different. I think it's training people in terms of learning what to trust and what

not to trust. You know, previously, we've had to rely on the regulations and the authorities, you know, everything's going to be okay because they're sorting it out. But as they become corrupt, it's like we've got to relearn. Our intuition as to who to trust and who not to trust with these things and, you know, gather different information. And, and you have to, you have to judge

it on a whole new level really. Um, you know, because lots of people have been calling for Binance to be a scam for a long, long period of time. But it's a bit like the get the banking system. It keeps going. So, you know, who's to say. And the thing is, you know, if you avoided using it for the last five years, look at all the

opportunities you could have lost. So. You know, I think some people, some people are just kind of like, well, you know, I don't want to lose out on this opportunity. I think the danger is is when you trust any of these organizations 100% because then you leave yourself very vulnerable. You know, I would, I would never discourage people from using these things at all, but I

would discourage them from, you know, pretty using their wealth in one of these platforms. I think that'd be very silly thing to do. So yeah, be interesting to see how it plays out. I also think it's a really good reminder of the difficulties of a long term, HODL. You're like, oh, it'll be so easy. I would buy Bitcoin and I would just hold it forever. But

then, Crips you would go out of business and take your money and then all these other ones and mount gocks and then this one. And then, who knows about Binance and what if you left it in local bitcoins or if you left it in a silk road or any of these other marketplaces, where you could have casually left some bitcoins, even change from some kind of

illicit deal you might have done that could have made your life, right? But you lost your account because it was centralized and it got deleted and destroyed. So it is very difficult to accidentally be a long term HODL of Bitcoin. And I mean, with Binance, I've been curious of them from the beginning. And like Victoria said, certainly lost opportunities and lost ease of use because they

provide a great product. It's easy to use. You can transfer your money. And you can buy a bunch of crazy altcoins. They have the smart chain, all those kind of things. But it also seems to me a bit like sheep marketplace, this classic dark net marketplace. They talk about all the times. I think it's so funny. And they provide a fantastic service right up until the

weekend where they exit scammed. And then no one could contact them and all their money was gone. So if you're using Binance as an exchange and you go in there and you buy some crazy altcoins, you send it off to your own wallet, you're probably going to be fine. You're going to walk through this whole thing and you're saying, why is everyone so concerned about exchanges?

But the reality is is that the less information you have, the more likely you are to see Binance as Bank of America, or one of these other banks, which are at the very least insured. Right. So if you have less than 250K in the United States, blah, blah, blah, they cover it for you. So if you're in some other country and you put your life savings

into Binance and it looks like a bank, you could presentively lose your whole life savings. So unfortunately, that does keep happening to low information people in the developing world, which is probably sabotaging Bitcoin adoption. But again, like Victoria said, it's the Wild West. What can we do about it? It's going to keep happening. There's a goose that legs golden eggs out there. People are going to

want a piece of that. So I hope for the best on Binance. As far as the Terrell Luna guy, it's always exciting when it says one of these guys gets arrested. He says he didn't do it in the article. Full disclosure. And it doesn't even really say he's arrested. So until they have the pictures, and even then the pictures, you could just create on mid-journey these

days. People have been doing that with other people these days as well. So. Just want to make sure we cover all the issues here. Victoria, do you have a story of the week or a prediction? We've hit the end of the show. So go ahead. Well, probably go the story of the week because that's the easy thing to talk about because it's about myself. So yeah,

quite a few things have been posted on my website lately, considering that, you know, I went through a long hiatus of not doing much on it. But yeah, I think the last time I was on, I was talking about the article I was working on digital money versus digital law. That will be published on Sunday. So if anyone's interested in that, you know, sign up to

the newsletcher on my website, Satoshi's page.com. And yeah, so. Don't have a prediction. I wouldn't want to predict anything right now. You know, the world is so uncertain. And then I think it could happen. You know, if you think it's going one way, it could go the other. It does look bad for first Republic Bank. We'll have to see how that one turns out. Watching that

one pretty close. I had a fun week yesterday. I did an interview with an NFT artist named Threesomes. And he's been hand painting baseball cards. He's got his own kind of baseball league with teams and players that play each other. And in his league, if the giants play the Cardinals, it's real. The giants playing real religious Cardinals. So it's sad. It's really fun and it's great

interview. I hope to get it out to you next week. Other than that, we had a lot of cancellations today, which is fine. Everybody gets sick and has things happen in their life. It's just unfortunate when they all happen at the same time. So that kind of happens to us around here. But thanks to Victoria for stepping up and joining us today so we can get

the show out for you. Be sure to give us a thumbs up down below and subscribe if you haven't already. Until next time. Bye. Bye.