The Bitcoin Group #352 - Best Asset - Space Force

The Bitcoin Group, the American Original. For over the last 10 seconds, the Sharper's Satoshi's, the best Bitcoin's, the hardest cryptocurrency talk. We'd like to welcome our panelists. James and Lop, from CASA. from Bitcoin takeover. Hadookin, Ben Arck from LN bits. Hello. And I'm Thomas Hunt from the World Crypto Network. Moving on to issue one. Issue one. Bitcoin's stealth rally puts it atop the quarterly scoreboard once

again. Bitcoin's surprisingly fast exit from crypto winter has once again put the notorious Volatil Digital Currency atop the leaderboard in the first quarter for being the best performing asset class by a wide margin with a 70% gain. Bitcoin is closing out its best quarter since three months. And in March 2021, James and Lop, what do you think about the exciting price of Bitcoin? Oh yeah, always

exciting. I mean, it seems like everybody got sufficiently wrecked. And maybe there's nobody else left at this point. And really what came out today was that the US government had dumped another 9,000 coins. So, you know, that seems to be the best counter indicator that they're going to keep doing that and Bitcoin's going to keep going up. Another dream of Smithsonian museums in every states smashed

again. Dan Eve, the price of Bitcoin is up. Well, you know, we've had recently more banks bailed. That's pretty much the reason why Bitcoin was was born or at least it was it was born just after the the banks being bailed out. So, it's kind of doing its thing right. People thought that this would bring down Bitcoin heavily. And specifically obviously the price, but I think

people are actually realizing that Bitcoin is the safe haven because, you know, the classic. If you're bank, if you're money's in a bank and the bank closes, you can't get your money out. Where is Bitcoin, you can always get out as long as you have your private key. So. But the main thing is that again, the network hit what I think over 400 extra hashes. So

it's just like the hash rates just smashing in the moment is about 357 according to be info charts difficulty of 46.8 trillion. Which is just which is just insane. I mean, the growth there in terms of mining is just shows you how much the network's growing. Let alone how much it's being used by everyone. So I think maybe some of the other factors like. When there

are more countries that are settling gas now in in in in well not in the dollar. And as the you know the US dollar loses this kind of grip on the world as a world index then then I think that there's more of a chance that eventually. Countries will move to Bitcoin so that it doesn't specifically benefit one country using their currency. So I think yeah,

there's basically a lot that's. But plus is also always the dog wagg it's called the tail waggling the wagon the dog or whatever that whatever happens. You could just say the stuff this week. It was the reason for the price movement when it could be all sorts of things. I think it's why does the dog wagg it's tail because the dog is smarter than the tail.

If the tail were smarter than the dog. Then the tail would wag the dog. Glad Costa I thought only scammers like SPF used Bitcoin. How could the price be going up? I don't know man. I don't know what's going on. Back in my mind. There's this hypothesis that it might be people waking up and realizing that Bitcoin is or was created specifically for these moments in

history because these crisis are inevitable. We have been talking about them. For a long time it's pretty insane how almost everything that we have been saying for the past few years is coming true right now with banks, whists and what's the other one. BNP parabas if I'm not mistaken from France. Anyway, these financial institutions which were too big to fail are getting bailed out. And now

there's Bitcoin as a way to protect yourself. And I think a month ago I was speaking with someone who was dunking on me saying, oh, you stupid. Bitcoin or can't you see that it's just another financial asset and it's correlated with the rest of Wall Street stocks. And if the SMP index goes up Bitcoin goes up and it's all correlated and it's not decentralized and blah

blah blah. Jokes on you asshole. Now I can finally prove to you that this has a real real use case and purpose. So I'm happy that people finally use Bitcoin for what it's supposed to be used. And I hope that we spread that. We make the word to many more people and we make them realize that volatility mostly goes upwards on the long term. Governments on

a long enough term screw you. But the markets are actually much more efficient, especially if you choose to plunge into the chaos of free markets. I remember a friend of mine called the exact Bitcoin bottom. Of course he wasn't telling me to buy. He was telling me to sell. He also told me to sell Tesla stock. That would have been a disaster. Ben Argo, what do

you think about the price of Bitcoin? Yeah, I think we just lost our sellers. Like everyone's gone back to work. People have stopped self-funding Bitcoin businesses and whatever people do when you have a Bitcoin boom and everyone's quits work and they think they're going to live off their stash and then everyone has to sell their Bitcoin. And I think we just lost sellers. And also that

I think that the world understands that the SPF swam months to being cleared out of Bitcoin is actually ultimately a good thing and makes Bitcoin more valuable. And then again, like everyone's been saying, I think that people are questioning the security of their money in traditional banks and how safe it really is. And they're like, well, maybe those, this alternative thing is valid because yet again

the banks are screwing people. And then also the Nostar stuff. Nostar's getting pretty popular and it's had Bitcoin incorporated into it. And that pulls in a lot of new users. So it gives a whole new example of how Bitcoin So let's move on to the exit question predicting against the Bitcoin predictor ball, the greatest source of Bitcoin knowledge in all the Bitcoin industry. Jameson Lopp will

the price of Bitcoin be higher or lower this time next week. Oh, next week we have no idea. But I'll be contrary and then say lower just for fun. Then he higher or lower. Yeah, I'm going to go lower. I think we're on a mini top here. It's going to be a bit of a downer soon. Glad Kassar, we've got both an up and a down,

which way are you going to go? Number go up. I'm going to slay that there behind Dan. Sorry, Dan. I'm going to eat beer tonight. Two ups and a down, Ben Ark, which way are you going to go? Yeah, as long as you're in faster than the other people when you're running away from the bar you find up. Yeah, it's going to go up because yeah,

it's going to go up. Panels feeling optimistic. Let's see how the ball does. Will the price of Bitcoin be higher this time next week? Here we go. Most likely, most likely, a positive prediction from the Bitcoin predictor ball. Now everyone can place their bets. Moving on to issue two, Space Force major to Pentagon, mine Bitcoin. Yes, a new research, research paper from the Space Force says

that the United States should mine Bitcoin acquire a great deal of Bitcoin and perhaps even have a pseudo cyber war instead of a real cyber war all over the control of Bitcoin. It's an exciting new direction that the paper suggests you can buy the paper on Amazon, but that doesn't mean the military is following it. Dan, what do you think about the Space Force doing something

we can all get behind supporting Bitcoin? Well, firstly, I think it's an incredible name like Space Force. It's straight out of Space Force, right? It's great. But he makes it. I think they make a good point. It's not Space Force that overall they're endorsing Bitcoin. It's like one of the researchers who's kind of from MIT and that, but they make a good point that rather than

a kind of compete for nuclear war, just forms of nuclear war. The idea to make a good point is to have a real deal of nanobots than to compete for money. There's something that they raised that there was about the concerns of the US military about it's the impact of mining Bitcoin on its emissions goals. At the moment, like, isn't it roughly, depending on what estimates

you look at, the US military loans 1% to 5% of all global emissions. And then Bitcoin's 0.3. So it's really just like a spec on the general emissions from the military. And wasn't there a report, actually, again, another one that came out today saying that there's a much bigger increase market share of renewables in Bitcoin than then again previously thought. So, you know, the amount of

Bitcoin that's been mined by coal is actually reducing quite significantly. And it's part of the partly because of the mining companies that want to get, you know, they want to please shareholders who are into the sort of green side of things. So it's only a positive thing that we go more green as we go along. Obviously, for Bitcoin, if the US military did start mining it

would be pretty, pretty big for Bitcoin. Some people would see the bad side of it, right? That like all the armies mining it, therefore it must be a bad thing, you know, it must be a tool of war. In some way, but it's also a good use of excess, you know, excess gas flaring and stuff like that. So there's plenty of size to this argument. But

ultimately, the space force sounds cool. So I think space force should be mining Bitcoin. It's for sure. Obviously, this is a rare chance we get to agree with the Pentagon. I think that space force should mine Bitcoin as well. And use the money to put us Smithsonian Museum in every state in the United States. Yes, a convenient museum that you could drive through in your state

about your state, traveling exhibitions, the entire thing. A flat cost or what do you think about space forces plan for the US government and the military to mine and hold Bitcoin? I don't know, man. I don't care. This is not why I got into Bitcoin. If they want to do that, then good for them, I guess. I don't know. I don't have an opinion on this.

I don't know. I don't know. I don't have an opinion on this. Sorry. I do think it's funny that now we're looking to some kind of major and a research paper. And he's recommending Bitcoin. And years ago, it's just been mad Bitcoin. It's a bunch of geeks in their computers, typing away, saying how good it is. And there wasn't any article like Bitcoin talk forum posts

says, you should really buy some Bitcoin and hold it. You know, it's like, if you look back now, it's like, wow, even the Pentagon could have learned from that example. Even if Bitcoin didn't work out, they could have bought so much for so little held it for such a small cost, just on the chance that it did work out. Ben, are do you think the government's

going to get some Bitcoin? I mean, I think that they're definitely looking at Bitcoin more and more because I have these CBDC aspirations. And then lo and behold, that's actually quite hard task and Bitcoin is just a collection of computer science, solve computer science, progames, computer science problems. So more and more, they're going to look at Bitcoin as something perhaps, which they could build their CBDCs

on. They can just utilize in some way. So it does make sense that governments are going to have more invested interest in getting hash power. It's kind of a scary concept because the if they if they do start, you know, accumulating hash power, then they'll probably, of course, I'll try and use it to assert some control over Bitcoin. But it's kind of the next, you know,

the next phase for Bitcoin, it's sort of something which we expected would happen that countries would start competing for hash rate and also just mining and competing for Bitcoin. So we're going to be able to do that. It would be interesting to see, I'm not sure the concept of using pseudo-sci, having this sort of pseudo cyber war as opposed to real world war. That's something we

should, you know, could have been done. Like you could just start a game of chess instead of having a war. It doesn't happen. People want to kill each other. Just, you know, sadly, that doesn't ask any pan out. And then also currently like the more computational power you have, and that's important. What weapon in your in your war chest, if you're going to war with the

country in the modern warfare. So, that already kind of exists. So I don't think it's going to be useful for that. But I do think the countries are more and more like they know that Bitcoin isn't going anywhere and they can either try and fight it or they can just try and incorporate it. It's just like, you know, proprietary software having to incorporate free and open

source software, rather than giving up on fighting it and having to actually just incorporate into their software projects. It's the same is there with countries, you know, when the building the CBDCs or they have this banking infrastructure and that they were not updated to a more modern banking infrastructure. It makes sense that they incorporate I agree with Ben. I'm certainly excited about these alternatives to warfare

as the 1980s movie Robot Jocks with an X predicted the United States and Russia could just build giant robots and fight each other like Godzilla versus King Kong, not having to actually destroy any territory, just creating robots. James in law, what do you think about the government's plan to mine Bitcoin? They haven't mined any Bitcoin since they were Satoshi Nakamoto. Spoiler spoiler. I haven't gone super

in depth into a lot of the soft war and hash force theories that have been afloated, but I have not been convinced by any of the stuff that I've seen. I really don't most of the claims and arguments that I've seen around, you know, why the government or military should be doing this seem to involve a lot of wishful thinking and like logical leaps. You know,

I don't see how it's going to happen from a practical standpoint, especially some of this stuff about how it's going to like protect us from cyber warfare and denial of service attacks and so on and so forth. It's way too abstract for me to actually see it happening. And if you look at the US government has 200,000 Bitcoin in their possession right now. If they want

to acquire a lot of Bitcoin, they could do it a lot more efficiently than having to set up mining equipment and go after this like last what eight or 9% of Bitcoin that's left to be mine. You know, from a power and game theory perspective, I think we're going to have to live with the fact that like meat space and the power dynamics within the physical

world are going to be a completely different set of game theory than that, which we have created with you know, Nakamoto consensus and distributed networks where we have a lot of sovereign entities around the world that are running these machine consensus algorithms. We're certainly going to build new Smithsonian museums in all 50 states. Everyone does that. Moving on to the exit question. If you were the

US government, what would you do make your own version of Bitcoin a CBDC or mine the rest of the Bitcoin as the article suggests Dan Eve, would you build a new coin or would you go mining. Yeah, the governments always going to try and build one better. They always know what's best right there. Like big mama bit. They know what to do. There's will be better

than this city Bitcoin thing. And then an actual fact, what will happen is that they'll just blow loads of money on researching it, screw it up and then end up capitulating. I'd like to get one of those grants. I want to apply right now. If I had Costa, do you agree with Dan? Will the government make their own coin? No, I mean, I agree with Mr.

Lop. He said that it's very easy for the government to come for hotlers and comforts. That's a much easier way for them to acquire some coins. It takes no effort. It takes no maintenance for anything. I'm also concerned about what's it called armory that large mining pool that has become dominant nowadays. Let me check. Found. Sorry. I'm also concerned about that one. I don't know how

it's going to play out. It seemed like when I was in Bitcoin was mostly mined in China. The times were more peaceful. And now everyone's trying to regulate it and tell you how you're supposed to use your home electricity and how you're not allowed to do it. Kind of insane, but whatever. I don't think the government is going to try to mine anything. They're selling coins

today. So you think they're going to try to secure the network? Be interesting. If we saw in 1933, FDR gold seizure type operation. I think it's going to be a lot easier. To make a lot easier. The generalization from the government and it would be even funnier when the government said, Hey, we have all the Satoshi Ameritain and then they'd really build some nice Smithsonian museums

Ben, what do you think the government going to make their own coin or just mine Bitcoin. The technology is wrapped up in the Bitcoin ecosystem as well and they'll write the reports that feed it back to the government. And then I think it's a good thing like CMEDCs should be on Bitcoin rather than making their own trick coin or rather than building on some other thing.

Like it makes sense that they build on Bitcoin. It's a me it's the next stage of development where we can actually pull in enough liquidity that Bitcoin becomes stable as a medium of an extension. You can actually use it as money and the price volatility is going to screw you. You can use it as day to day money. And the only way we this chicken egg

thing like no one's going to use it as day to day money. And then no one's going to become stable unless people use it for day to day money and you have the liquidity you need. So to me like build the CBDCs please. I think it'll probably come from like poor nations which haven't got banking infrastructure and strong development teams. Like there'll be some some will

build some projects where you can build something. So if you want to build your own coin or just mind that you want. Not this government. So once again it's a it's a matter of game theory and and power. So you know any first world nation that is already extremely powerful and has you know central banks that can manipulate their money supply. Especially to the extent that

they have power over many other countries in the world. Like the United States. You know they're going to want to maintain that. And they are they may be willing to upgrade it to have even further you know precise power by having a CBDC. CBDC where like they can literally come up with more rules where they're you know saying exactly how you can use your money. They

might even be able to you know take your money from you with a click of a button. Much easier than they can right now. But you know the flip side of this nation state adoption of Bitcoin is a very interesting topic from a like macro geopolitical level. So I think there are nation states who will be incentivized to go the route of Bitcoin as we have

seen with El Salvador. You know these will be tiny nations that don't have monetary sovereignty or they're really they are operating under the whim of these other larger nations. And so for them because they don't have that level of power their better option is to opt out and enter into a system that is more fair and doesn't really care about the various centralized networks within the

traditional financial system. You see that's what I'd like to see a battle between these small rebel nations these developing nations who maybe would like Ben said make a CBDC on top of Bitcoin versus your large entrenched established nations who would just roll up their own coin. No, the dominoes will fall as well once one of them does it like all these nations will do it to

create their own sovereign stable coin. If this is a recipe which is good enough and it's like not corruptible by inside and outside forces. And it works and it's stable and it's possible these these these are possible problems these are problems which could be solved and you could build on Bitcoin and when that happens and then the US is a journey over the you know with

the world reserve currency and all these countries have their own. I think that's when it will be like the revolution from the bottom up and then the big countries might start adopting it and using in the technology stack. Well, I mean, they might be looking into using the technology stack now. But I prefer that for them. Then they're making their own. Well, and that's where I'd

be really interested to see Jameson's game theory play out where if this one and that one and this one all joined Bitcoin will some of the big ones start to join and if some of the big ones start to join. Maybe they don't even need their own CBDCs. Maybe they can do it on Bitcoin. All of this can just turn out great. Let's move on to

issue three issue three Bitcoin falls after the CFTC sues crypto exchange Binance for allegedly breaking trading rules. We talk about Binance here almost every week. Ever since Malta Binance seemed to have no home country and we're traveling the world almost allegedly as if they were a criminal enterprise making their own rules and showing coin base. It's like to be a truly unregulated exchange. Now they're in

trouble. Perhaps for mixing their US client funds and information with the information from the countryless mothership that is Binance. Vlad, what do you think about the latest charge against Binance? Will they finally pick a home country and will they survive this attack? I'm not a big fan of Binance for reasons which concern the way that they conducted business. I'm not even sure how they got so

big. In 2017, the official narrative is that they listed every shit coin in existence and allowed anyone to trade without KYC, but they were not the only ones. They had this tremendous growth around the world. They got to a point where I think they handled the money in a much more smart way. In 2021, especially they refrain from the temptation to get featured on Super Bowl

with some ad. And they did a pretty good job managing their business. They put a budget to avoid cutting lots of jobs during the bear market as was the case with FTX and crypto.com and a few others. So I do have some respect for the way that they managed their business. But it's always been a bit shady with the way that they conducted business. I'm not

a big fan of Binance, but if you check the description below, you're going to find the ref link for Binance. We get $5 each. I'm kidding. Don't do that. Don't sign up. Stay away. Get your Bitcoin from non KYC ATMs or whatever. Pure to pure. But yeah, Binance sucks. Just sign up with that ref link down below. Yeah. All right, Vlad, let's go to Ben Arck.

What do you think about Binance and their troubles with the US institutions? I mean, yeah, for such a long time, Bitcoin operating in this gray area, regulatory wise. And now it's stuff in other shadows. And I think that's perhaps why more people have confidence in Bitcoin and let's make the price go up and up also. And it's no longer a gray market and it's going to

get regulated. And then all these exchanges, which were kind of operating shaded business models, there's going to be light shed on them, which the house being recently. And some of them will fall, some of them will survive, some will have to change, some of them will get fined. That's just to be expected, I think. But it's just the process of stepping out the shadows and the

gray market into a more established. Which is good, ultimately, because it means that country, I mean, it kind of serves as the regulation stuff. So it's less fun. But it's good, ultimately, because it means if all a day, Bitcoin is an asset. And it means that countries are accepting that this thing's here to stay. And they just got to figure out how to like incorporate it

in a way where there's not going to be shaded business happening. It's because Binance is so huge, they have a ton of Bitcoin and other crypto tokens that they have possession of. They forget what the actual trading volumes are, but I think it's like over half of the market. If you believe the reported trading volumes, and they may be true, because it seems like they drop

the fees to zero fairly regularly to incentivize more people to come there. So I don't really have any opinions pro or con against how they conduct business. They definitely ran it. CalBoi operation for a number of years and they somehow have survived and are trying to be more compliant now. So I guess good for them. But I just see it from the lens of systemic risk

and centralization of could be another gocks or FTX or other massive collapse that will happen for one of a hundred different reasons. Dan Eve, they've got no fees. Seems like a sweet deal. What do you think? Well, I think they've come a long way, man. I think one of the reasons why they did grow so kind of exponentially is that they they played the referral game

really hard like the they're a federal system with all the influences that they got on board, shilling, shilling for them. They they had a good policy. Sorry. That's the wrong word. They had it seemed like for what I heard. They had a policy whereby they kind of encouraged. How do you say? Trading that may inflate the book slightly, massage the books as it were allegedly. So

that kind of made it look like the markets there were always plump right whenever a coin went live. And then they became the the the bit tricks of 2017 in terms of like you know you got listed on bynans and therefore it's going to it's going to pump. So and they're also really good at leveraging other communities. But also I'm not I'm not shilling. I don't

have a B m b but they were actually one of the first whilst all tokens had like no utility. There was actually a thing that you could do with them, what you got access to stuff. It actually had some slight utility to whereas most of the other shit coins actually actually didn't. So I think that helped their kind of ecosystem. Um, but they've they've definitely in

the in the crosshairs now with a lot of regulators that which is why they're kind of an international nomad company. Um, but yeah it seems like it's not really a big deal. It seems like they're going to they're going to trip up soon, right. There's there's there's a lot of dirt on internal conversations. Um, and they're also saying about tracing CZ zone funds that they were

used for training against their own customers. So it's not looking allegedly all this. So it's not looking fantastic for them. And when you are such a big, you know, we talk about the banks, right. They're about how the big banks. They think they're infallible kind of are. But bynans is like in a market where they're not going to be able to do that. They're not so

much cozy with the regulators. So they are much more likely, even though they are huge, they're much more likely to form be be taken down. Um, but what is I think what's kind of sad because I've read over this today is some nostalgia that the bit tricks ceasing well they're not ceasing existence altogether, but in the US at least. Um, and you know that's one of

the old old school exchanges, well I started playing around with bit tricks in 2014. Um, and it's going it's coming for it's coming for a they were the ones actually quite quite they cut they actually tried to abide by the rules as much as possible. So it's sad to see companies that are actually trying to to like, you know, to to be good, um, not survive,

uh, whereas other companies that are being literally like crazy in their operations are just ultimately getting away with. Oh, well, Dan ruined my surprise. He's got all the hip news over there in England. Important message for bit tracks US customers like Dan says bit tracks appears to be closing their US operations. So moving on to the exit question, Vlad, do you think that Binance will survive

and continue being this kind of questionable operation? Or will they end up like SPF and FTX and wrecked on the rocks below? And also what do you think about the bit tracks announcement? Go ahead, Vlad. Right. So first of all, I'm really happy that you gave me the last word because I had something else to add. I think I was too neutral. When it comes to

Binance and I commented on their business model, I haven't looked at their accounting books. I have no idea how they're doing in reality and how much liquidity they actually have. But back in 2019, they got hacked and they lost some Bitcoin and their CEO actually said that he wants to roll back Bitcoin to recover the funds. And then the next day, he came back and was

like, Oh, no, I was tired. And I had no idea what I was saying. But I'm pretty sure that he was testing his Chinese friends to see if they agree with him to recover the coins. So fuck him, really. So I'm happy that they're going down. I'm just not that. It's the government. That's where exciting times when he went on Twitter and tried to roll back

Bitcoin. I remember a lot of different responses to that. People were very upset. Oh, yeah. And what I wanted to say is that I'm not happy that it's the government that's taking them down. I wish it was the free market. But it seems like they performed pretty well in terms of competing on the free market. And they were able to amass this huge following. If you

look at CZ with tweets, you're going to see that he has lots of boot liqueurs and people who agree with him on a regular basis. Even when they were under scrutiny and people were withdrawing and masses back in December, there were people saying, Oh, no, we trust you. We're going to sync with the ship. Aren't we going to get some kind of reward for sticking with

Binance through the bad times and whatever. I don't know. It's pretty shady. But on the other hand, they have been bad actors when it comes to Bitcoin and also due to their negligence, thousands of KYC accounts ended up on the dark web because their KYC database got hacked a few years ago. And they're doing their best to hide it with good marketing. I'm pretty sure that

their sponsors in lots of sports competition. I've seen Cristiano Ronaldo, who is supposedly one of the greatest football players. And I mean, European football players of all time. And he was promoting Binance. It seems too big to fall. But on the other hand, it seems like at least in the US, they're going to get some scrutiny for basically trading against their users. About BitRex, I don't

have such strong opinions. I know it used to be quite the big casino back in the day. And it was also the best place for the troll box. But I don't really have such strong opinions. I feel kind of nostalgic about it. And I don't know. I hope they make it somehow just for the simple fact that they mean something for a few Bitcoiners. And Arck,

what do you think about Binance and now BitRex? I mean, I don't really trust any exchanges that they have the funds to match the amount of value that the users have. Of the exchange because stuff gets hacked. People make bad business decisions. So being operating in the gray market, the funds are safe. Who like rolling back blockchain nonsense back then. I think it just showed how

little he knew of how Bitcoin works. So I don't trust any of these exchanges. And if it underscores any, I think a lot of them, you know, will have to go into bankruptcy or we bailed out or whatever. As long as they can honor, you know, the amount of withdrawals which are happening any one day, that's all they really care about. But on the bottom line,

if they can balance the books, I just don't trust them. Maybe like Kraken is what the only exchange which I would kind of trust. But the rest of them, you know, like Binance and BitRex and whatever else, it's just don't trust them. And they've got the funds. So they're not safe. You. Jamison, what do you think about this real world example of coin base being so

regulated? Binance having no regulation and both of them competing in the marketplace? Yeah, it's interesting. I think we can probably generally agree that Binance has been far more successful over the past cycle or so. And then the open question is, is playing, playing it safe going to be better in the long term? Or, you know, will Binance be able to continue hopping around and, you know,

perhaps its entity is sufficiently decentralized that it is nation-state resistant? I mean, I find the coin-based situation far more interesting than Binance. Like what Binance has been doing is pretty, you know, straightforward, you know, use regulatory and jurisdictional arbitrage to keep the various authorities at bay. You know, I don't think that's a particularly novel tactic. We've certainly seen people do that in the gambling industry over

the past few decades. But, you know, coin base, you know, trying to do it the right way and follow the rules and ask for permission. You know, they've had, I think, a number of different business lines and opportunities that they have failed to launch because of that uncertainty. And then now we're seeing a number of organizations like BitRex just say, you know what, I'm out. It

was like, I don't want it. You've got to be able to do it. You can't even take the risk anymore. So, it seems that, you know, the United States is not doing a great job trying to foster innovation. And the shitty part of all of the regulatory attacks that have been happening are that the companies that are trying to play by the rules, they're just asking

for the fucking rules. You know, tell me the rules so that I can play by the rules. But no, instead of this, you know, political game where they keep asking for permission and just getting stonewalled and therefore their hands are tied because, you know, if you, especially if you have to talk to your lawyers and get your lawyers to sign off on business operations that you

want to do, the lawyers are always going to take the most conservative stance possible. And so they're just going to be frozen. I think you can just see the frustration on Brian Armstrong's face because here he is trying to do everything right. He's trying to be legit, do the VCs, all the legit ways. And you just know at home that he understands Bitcoin. He was very

early. He was before me, a lot of other players. He's probably got a hat at home with a pirate hat in it. He's got it in a box. And he's like, if only I'd gone that way. I'd be bigger than CZ. I'd be the biggest pirate in the world. I had to go the right way, you know. And this little angel devils are having the conversation

of Brian. So you did the right thing. You know, I just think it's so great. This back and forth. And I don't know how it's going to end. If CZ triumphs or if Brian triumphs, or which way it goes, Dan, you get the final word on this. What do you think is going to happen? Is Binance going to survive? Or is it just going to be

wrecked? Cause they're, you know, it's flying too close to the sun. I don't know if it was recently, but there was a sort of video on Twitter. It was someone interviewing CZ. And I don't know if it was the before or after, but they did it in the style of that interview with Sandbag and Fried, where he's like, oh, I'm with CZ. And like, oh, he

just drives a normal car. And he's like, yeah, I drive a micro or something. I can look crazy like that. You know, and it's just the similarities between the two really started to shine. I suddenly thought maybe Binance is maybe they are very much. But you know, ultimately, I think it's going to be a lot of fun. I think that they, there's obviously the allegations that

they traded against their customers. But they always seemed like quite, they seemed on the surface like what a transparent and carry. I was a caring, but you know, the safe, be fun, things like that. They were very transparent about hacks and stuff. Obviously, there was, there was the data slip up that that's happened to everyone from like, you know, Bitcoin talk to Sony, you know, the,

the, the, so it's not something that's kind of isolated to, so just a few crypto companies. Obviously, it's bad ledger, right? Ledger happened to ledger, right? In fact, I fact, I, I've, someone let me know today that my name was on the, the, the ledger list. And I question, you'd be saying that, but it is public knowledge. You cares. But they seem like they're responsible. So

it would kind of be sad to see them, to see them fall. But at the same time, there's, there needs to be more competitions. As James said, there's, they're like, most of the, I mean, this, apparently according to CoinMarketCap, they're nearly $11 billion of trading volume today. The next that comes close to its coinbase with 1.3, then Cracken with $675 million. So they're, they're literally miles

apart from, from the competition. And there needs to be competition, right? There needs to be competition to keep things kind of, you know, to keep everyone on their toes. So whilst I, I, I wouldn't like to see them go. I think I'd like to see some of their market share slip away to other, other players. And to see a bit more, yeah, just a bit more

competition in the market. And to reduce the impact when, when they do eventually get slip up, right? Because that's the problem is, is there such a huge impact from, as James said, get me saying about the, the amount of Bitcoin they hold, right? The amount of funds they hold of all these other different companies. So if they do slip big time, there's going to be a

massive here. And where regardless of whether it's actually, you know, down to Bitcoin or not, which obviously isn't the, the rest of the world is going to see that it's a Bitcoin related thing. And that's going to impact back your Bitcoin. So I do have more on this. Good. Yeah, I just want to add that it's unfair to compare. Oh, my cat is choking. Sorry. Choking

up for anyway, it's unfair to compare the situation with ledger who only had the marketing database with the situation from Binance, who actually had users holding their passports like this in a picture. This is actually called a passport, by the way, it's a harbor wallet. Nice coincidence. I just grabbed the first object on my desk, but yeah, it's not fair to try to normalize these exchange

hacks and say, yeah, everyone has been doing it. The Bitcoin talk hack cannot be compared because all you can get there is maybe your email address and your IP addresses from which you logged. It cannot possibly compare with some data that can be used by bad actors to pretend that they're you sign up to all sorts of services. And make your life a living hell with

the simple fact that you key wise seeds to some entity that doesn't take good care of your data. I guess that's the comparison. There isn't it's that entities which haven't taken care of user data. So the leaks are different, but the general approach of not securing the user day effectively is the reason these data was leaked. So that would be the comparison. And even look at

cases where it wasn't leaked, but the data was sold. If you look at Twitter, all of the direct messages on Twitter were sold from one company to Elon Musk. And while we don't know what's happened since they weren't end and encrypted for all we know Elon is browsing everyone's DMs and his engineers are they're having a great time. But I do have an update on Binance.

I'm told from the future that CZ and Binance are buying the assets of Virgin Galactic and that they'll be making their own rocket and CZ will escape just like a James Bond villain. To the moon to the moon, Binance escapes moving on. Check out worldcryptonetwork.com and the YouTube channel this week. We've got some really great new interviews. Ben went to Nostra Rika in Costa Rica and

interviewed the co founder of Twitter. Ravel and he's really fired up about Nostra. So it's great to hear him talk about that. We've got an interview with rock star Dev who helped organized Nostra Rika. Paco from run with Bitcoin. He's just excited to spread the word about Bitcoin. He's been running everywhere and Kirin the creator of the Nostra client snort. All of these interviews on the

world crypto network for free. You can watch him this week. No ads sometimes maybe ads. And we also got a proof of work interview where I talked to an NFT artist three sums who makes his own baseball cards and he's going to make his own like baseball card league of NFTs and it's already going strong. He's got like 1500 of them or something so far. Moving

on to issue four. Sam Bankman freed charged with offering a $40 million bribe to Chinese officials. Sam Bankman freed was having trouble getting some of his money out of a Chinese cryptocurrency exchange. So he thought, hey, why not just bribe them. Also his bail has been updated. He's not allowed to watch the Super Bowl on the internet anymore. There's a select group of websites. He can

go to things like Wikipedia.org stuff like that. He is restricted. We've also heard that Sam Bankman's legal defense is being funded by a $13 million gift that he gave to his father that his father is now giving back to him. Isn't that great. Ben Arck. What do you think about the new updates on Sam Bankman freed the Chinese bribe and now the money all coming from

perhaps allegedly the stolen money. I feel terrible. I was hoping you wouldn't pick me first. I could just piggyback off everyone else's viewpoints and say, oh yeah, I agree with the rest of the panel. I don't know anything about it. I've lost touch with Sam Bankman freed thing. The show continues, I suppose. He's well funded from an old school rich family and he'll probably get away

with it to a degree. I don't have enough to contribute anything relevant. Once you're giving money to the Democrats and you're giving money to the Republicans, why not give money to the Chinese? What's the difference? James in law, what do you think about the new updates on SBF? It's not surprising. I mean, I think this is what the facade of effective altruism has shown us that

it's really effectively. I'll be a sociopath and do whatever is best for me. And then maybe in the future, I will donate some of the proceeds of my old gotten gains to some good causes. And that should cancel out. It's very interesting from the sense that he amassed such a huge fortune that it seems he still has access to a decent amount of to mount a

huge legal defense that I've been skeptical all along that he would actually see prison. But now, with seeing just the diversity of different criminal charges, not just for financial related stuff with the exchange itself, but the political donations. And now corruption and bribery. I think he's actually looking at a pretty decent amount of punishment. His huge war chest, I think, is only going to manage to

get a huge amount of money. Delay the inevitable. Now, this is something I've always been critical of the dread pirate Roberts for the alleged dread pirate Roberts is not having this extra money sucked away for the legal defense. One would think if you were running any legal marketplace, you would of course go to your attorney first and say, Hey, here's 25 million. You know, in case

I need any services in the future, you can just hold on to me this for me. It's a real common practice. And it was sad when he wasn't able to buy the best defense possible. I think we'll find out as James says, if this defense works at all, if having an extra 10 to 13 million works and he's able to buy some freedom similar to the

to be quite a lot to avoid right like how how do you deny that you know being. Well, how do you prove your innocence of in so many different areas where you seem to be cold. I mean let's remember that it wasn't in an interview he actually even admitted that they mix customer funds and that's pretty much a slam dunk quite initially. Now once you once

you have already admitted. That then how many other things that you could you have done and not even plead ignorance to right like oh you know I didn't realize I was doing that. But when they based in in the Bahamas so you know the the bribing a private donating to American politics. It's a fact words you know it's donating it's. Sometimes raven. It's a lot of

words. So it's also confusing. And but yeah that it would only make sense that he's. It's around the world you know donating to other officials and you know and lining their pockets right because that's what you do to to be able to stay afloat in the country and and stay alive and not be and not be sort of taken down right as you get on the

right side of people and how to do that by donating to their to their parties so yeah it's I was initially thinking when it sort of came about that he's going to avoid it you know the high high flying family with the Stanford you know pro. His parents and and all the people that he's obviously very well connected with not just from politics but but just

from from the general family by the sounds of it. And it seems now that he you know he he's I think he's going to get some serious time. It's it's really looking like that at the moment. And you know a lot of people lost a huge amount of money. Maybe he he might even recoup some of those funds didn't FTX invest in. On the shareholders of

open AI. They didn't donate like Elon donated to open AI before it went private or something like that. I'm sure I read that FTX invested in some way. But just this this backdoring of of money. And even wasn't in the Bahamas he let people from like the Bahama government or something get their money out first. I mean there's all sorts of crazy charges that are even

after the fact that I think he's going to be hit. With those will be the probably the biggest charges right stuff before that everything was uncovered. He might be able to slip away from but all the nefarious things he's done after to try and cover his tracks and hide. I think those are the things that are going to be in the forefront of people's minds and

the easiest things to prove to to make him have some jail time. Some serious jail time. It's interesting you mentioned chat GPT and open AI Dan because there's an article recently. It's on like the daily show or something they were talking about how judges are using chat GPT to decide sentences. They're saying for this kind of crime how long size is sentence person. And maybe they

put a little back door in there where it says how long size sentence SBF and it's like SBF should be set free. He should have no sentence. And that would be a great benefit to that investment in open AI. It would really pay off. And before we go to flat. I just want to say look how mean it is when the media turns on you as

Jameson was saying a few months ago. This guy was effective altruism and the guy was going to be a little bit more of a bad guy. And he was, you know, worshiping him in that YouTube video and he looked all fuzzy and nice. And now it's like they catch one of these mid of camera freeze moments on you and he's very stern looking and of course

this one the club back and white close up with the half mustache. It's devastating when they turn on you. Vlad, what do you think about SBF and his exciting new charges of this guy who was playing League of Legends all day long was trying to do something good to the world was a very nice guy according to whatever CNN or wherever that report was made. How

could this guy bribe a foreign government? It's impossible. You know, he was just this very altruistic young man who was trying to help his community. And he tried to build the research trading company and then build an exchange on top of that one. As if there wasn't any kind of conflict of interest between Alameda and FTX. But anyway, how could he do something like this? I'm

in shock. And where could he fit the money in those shorts? He wears t-shirt and shorts. He doesn't have any bribery money. Of course not. Maybe he hid them in his hair. I can show you a few tricks if you grow your hair like this. But I don't know man. It seems like it keeps on piling up seriously now. I was being ironic earlier. But there's

so much that we don't know about the way that they conducted business. And that would not be surprised if... So right now what they're doing is to throw him under the bus. But I'm pretty sure that he has more deep political involvement. He gave money to both parties allegedly. So he also had a pretty good defense from mainstream politicians and also from talking heads on television

like Kevin O'Leary or whatever his name is. So for a while it seemed like he was untouchable. And he was even... I remember he was brought to some sort of event at a university. And in front of students he spoke as if nothing had happened. Now I think it was... An event by a publication. I'm not sure if it was financial. And New York Times had

a New York Times. Where it was scheduled in advance. And then they went ahead and went with it even though he was charged and broken and so forth. And they were so nice to him. And so mild. Are you okay? Did this upset you? Oh no. Did you feel any kind of microaggressions from the people who claimed that they want their money back? Oh that's so

mean of them to ask for their money. They're not supposed to do it. They should treat you as a human being and be nice with you. And now they true him under the bus. They post nasty pictures of him. They portray him. Like he has a criminal. I'm pretty sure that he has lost support and he's gonna go to jail. But I mean he has a

pretty good life now. Even though he cannot use a VPN to go back to his old ways. He can access Wikipedia. He can act that he still lives in his childhood because he is in his parents' house. He can play Game Boy and Nintendo 64 and whatever. Just be a big kid for for the rest of his days. Pretty sure that the millions of dollars that

he gave to his father are gonna buy him a very nice legal defense. And he can buy himself some time to maybe finish Majora's Mask. Because that's a pretty difficult game. He's finally got time to play the news out of coming out in just a few months. Very exciting for Sam. Let's move on to one more. We've got the exit question. We're just gonna talk a

little bit about Matt Damon. A new article says that Matt Damon did the crypto.com ad because he was having a down year at the Clean Water Foundation. He went on TV. Told everyone how great Bitcoin was and other cryptos that you could buy at crypto.com. And he just did it for the water.org. So does that make it better? Does that make it worse? Ben, I remember

all the fun we had with the crypto commercial. A few years ago, they're calling the Super Bowl the crypto bull. What do you think about Matt Damon's latest excuse? And in general, how he's been nothing but attacked from Hollywood and others. Well, I still think it was kind of a cool commercial. It was kind of at the top and all that. But it was a cool

commercial. Ben, what do you think? It was definitely a well-produced commercial. A lot of money being spent on it because they've really got too much money. But is it backtracking? I guess there's evidence for this stuff. He donated all of his earnings of that year to water.org. So maybe he did do the ad for that. I know that the crypto.com had donated a bunch of money

to water.org as well. So I think that's how they groomed him into doing the ad. But they just need to do more due diligence these actors before they get behind something. Because he's just like an actor guy. And this is a complicated industry. So it's very easy to back the wrong project, which looks on the front. It looks legitimate. So it's partly for the dude. It

was just a very bad choice for a poor judgment. But then we'll hopefully encourage other people who could have influence to have a little bit more due diligence when it comes to supporting projects in the crypto industry. But it goes back to the point where you're going to be able to do the ad. So I was going to say that about some of the freedom. Sorry.

But yeah, it's just a poor judgment. Poor judgment on backing the wrong project. But if the money went to the market. You just kind of luck out. I mean crypto crypto.com hasn't lost anyone's money that we know of. They didn't crash like FTX. And I think they're still paying for the Los Angeles formerly the Staples Center. Now the crypto.com. We're going to be able to do

that. We also do basic lift out of the bank that has a main stop mark. Through black military lines are being lifted up by a battering telephoneMUSIC. But we're actually starting with some of the home lines for that. That was the backbone trade. It's interesting that he's backtracked from all the criticism. He's not backtracked. He's come up publicly and said, this is the valid reasons to

why I did it or he can't just, you know. I would like one of them just to come out and say, hey, I support crypto. I don't care. It's going to go up someday. You're all a bunch of idiots. I'm going to be back around again at this other time. And it maybe it could be Matt Damon from Goodwill Hunting and all the movies that I

love. But no, it wasn't. He just buried us like the other. Jameson, what do you think of the excuse, Matt Damon? Did the commercial for the water foundation? Tom Brady did the commercial because he wanted money. Is it worth better? Yeah. I think it shows that at least partially his heart was in the right place. But, you know, I think we should look at what happens

with celebrities. And why have there been so many lawsuits against celebrities for promoting various things over the past cycle? You know, the short version is, if you're a really big name mainstream celebrity, you're not even the one making these deals, right? You have teams of people who are working on behalf of your personal brand. And people are coming to them and pitching them. And, you know,

they basically look at all of these things as a business opportunity. You're selling your brand for something. And I think the mismatch here is that they're, they generally only think of what they're getting. They're not necessarily thinking of what the broader impact of what they are selling or promoting is. Now, you know, it's one thing if you're, if you're promoting, you know, kitchenware or, you know,

some products that, you know, it's, it's finite. It's, you know, you know, you're not going to be able to do that. You know, $100, $1,000, whatever, you know, the, the amount of potential harm that can happen there is generally more limited. But when you start promoting financial products, there's basically no limit to the potential amount of harm because you don't know what degenerate gamblers may throw

their entire life savings into something that you've pitched. I think Jameson makes a really good point there. If you're selling like Gensu, Gensu knives, you only buy one set of knives. It probably doesn't ruin your life. But if you're buying Gensu knives like gambling, where you keep having to get another 20, another 20, another 20. And, you know, you could end up losing all your money.

I also think the reason this works is the same reason why propaganda works. A lot of the things that we have are a shortcut to thinking where it's like, I don't want to bother researching something. So I'll just trust what the celebrity says. And I think we're going to see a lot more of this as YouTubers and other minor celebrities. Start transferring into this kind of

marketing. If you look at the Mr. Beast candy bars, the Logan Paul prime drink, sports drink, water, whatever it is, more and more of this marketing is going to happen because it works. People see Tom Brady up there and they're like, I want to use the Tom Brady FTX exchange. They don't bother to learn. It's in the Bahamas or where Sam gets his naturally curly hair.

They just want to invest. Dan Eve, what do you think, Matt Damon did it for the water company. This makes everything fine. What I think it's kind of nice that he did it for not just even selfish causes. He did it for the water company. That's kind of the thing that stands out. But you know, there is a bit of a pattern here, right? Of just

like every every other day, you hear like celebrity apologizes for X or celebrity apologizes for Y, whether it's something they said or something they endorsed and obviously they've got responsibility because they have a wide net and people that kind of look up to them. And I think Jameson had that on the head right then. But if it's just a product, small products, people lose like $50,

$100,000, but something where they could put their whole life savings in the impact is huge. But there's, there's plenty of other things that people have endorsed and have gone wrong. Even if you look at big coins down what from 67,000 to 28 now. So that's what just over 50% but from all time highs, Amazon went down 40 to 50% tens of them down 50% met. So

that's what I think it's going to be a lot of things. It's going to go down 40 to 50% you know, all these these these stocks haven't and there's not there's I didn't really see anyone going, oh you know, forced to do an apology for saying, oh I thought the Facebook stock was okay. Right. Because they just kind of accept it in those markets. It's just

what happens. But we're as a speaker. Bitcoin or cryptocurrency, it's the stick that we have to beat people with is like oh they they endorse the cryptocurrency, they're very bad people. There's all sorts of facts. So a sneaky sneaky do it doing some so sort of Reid. Research on an open AI of course, you know, so I was just interested in some other celebrity fails. But

like so, so Tiger Woods endorsing general motors. And so they eventually had their was it the property of the bank had like that's far for bankruptcy. There's all sorts of, you know, these that have happened in the past, but crypto is just the one thing where people seem like you know, it just seems like it's targeted a bit more right because it's still on the bad

side of society. It's still used for drugs and for used for kidnapping and all sorts of the crazy things that people think it's useful without actually looking at the evidence of what it is actually useful. And the reasons why it's a great good for society. So I think that people I I'm one I'm someone that always apologizes for stuff like you know, bump into someone or

need to bump into someone in the street. I'm like oh sorry, you know, whatever I cut someone off. I'm like I'm very sorry about that. But I think people need to apologize less and just stand by their stuff. And exactly as you're saying go, yeah, I endorsed a product. You know, that's that's what that's what happened. It looked good at the time. I did my research

and you know, and things bad things happen. But that's that's what happens in life. You know, it's ultimately down to the person who's put their money their life savings in who's taken that risk. So I got people into Bitcoin who put a bit more than they should have put in like, but I can't be responsible for that because I was I was never specifically telling them

what to put in is people will make that decision themselves. So I think they just needs to be a bit more personal responsibility and and I feel sorry for Matt Damon. I don't feel sorry for it. There you go. I've done it now. I don't feel sorry for anyone. I'm not apologizing. But then as a person when you bumped into someone if you're like, you know,

you should do you should go and crypto.com and then fortune favors to brave. Like you would have some personal responsibility when they go and lose all their money just like gambling on shit coins. That is true. We want to we want to get flat's opinion on Matt Damon, but I also want to mention Larry David who managed to get paid by FTX to not endorse their

product in the commercial Larry David says, I'd pass. I wouldn't use it. So he got the money. He didn't endorse them. He's the true winner in all of this. Vlad, what do you think about Larry David and Matt Damon as well as Tom Brady, the other celebrity endorsements. I mean, you got to curb your enthusiasm and think about it in the entire context of the commercial.

Because in that one, he was always being proven wrong. He was laughing at the wheel. He was laughing at fire. He was laughing at pretty much every modern invention that was being presented to him being like, eh, it's nothing important. And then at the end, he says he'll pass on FTX. Obviously, he was right on that one. But the message was being presented in a way

that, okay, he did not endorse in character or as a personality, but at the same time, he did participate in a commercial which endorsed FTX. I guess it's a matter of nuance there, but he did participate in this. As for Matt Damon's commercial, I'm not entirely sure if he donated 100% of the proceedings. So I'm not informed in that regard. But I want to ask why

is it that we learn right now that his motivation was this one. And it was not made clear at the time because if it's this kind of situation, it seems more like a post rationalization, where you don't say what you've been up to until you're under scrutiny. And then you come up with some virtue signaling reason, which supposedly is going to make everything fine. So I'm

not sure if 100% of the funds went to his charity, but if they did, I'm going to apologize. I would have made more sense if he announced it when he took the commercial or he could just have a policy about all of my commercial money's go to charity. But I do like flats, a new advertising idea where I could get paid by Coke and I could

do a whole advertisement. I'm like, don't drink Coke. Coke has too many sugars and too many calories. Don't drink Coke. I can still get paid. It's like ironic advertising. I could do really well. All right. We're going to talk about that. We're running out of time. We're going to move on to prediction or a story of the week. Jameson Lop, are you ready with a prediction

or a story of the week? Go ahead. Ah, prediction. Well, this is tangentially related. But I predict that we're going to find some very interesting things from what just happened with Twitter open sourcing the recommendation algorithm. Particularly this kind of ties in with a lot of the stuff I've been talking about recently with the sort of toxic maximalism and whatnot. I've been just perusing through some

of the source code over the past few minutes and looking specifically at how Twitter is filtering out and de-amplifying what it considers to be toxicity. So it very well may be that toxic maximalism is really shooting. So it's also said that, you know, I would say it's a really good idea to try and do it yourself and the foot of when they're trying to do it

on Twitter at least. So maybe, maybe better to be toxic on Noster. Dan Eaver. Are you ready with a prediction or a story of the week? Go ahead. Um, so. Uh, well, my, my, my story of the week is that, uh, is, is that I had tons of lights again, which I overcame at going to hospital with the damn thing this time, which is again, and

it's about, uh, yeah, but I'm all good now. Um, my other story of the week is the, the, the work that I'm doing right now, which I'm not allowed to say what it is did really well. But I, but that's all I want to say right now. Well, people love a secret. So we'll just keep that story. Flag Costa, are you ready with a prediction or

a story of the week? Go ahead. My story of the week is that there was a very big discussion and Bitcoin privacy about the concept of toxic change, and to which extent, the change that you received from a transaction can see a lot about you. And I think to Badmarshall, who is a French guy, actually his name is T. Beaumarshall. And that's how you're supposed to

pronounce it. I watched it earlier and I apologize for that. But he did a very good job in terms of explaining the different approaches to managing this change that you receive from transactions and how privacy while it's either isolated or else mix it. And we have three examples. We have joint market. We have wasabi and we have samurai. And I think this concluded with a very

nice Twitter spaces call, which took place last night. And I think that was the best way to do it. There are spaces to which I ever listened. If you're into Bitcoin privacy, you got to check that out. Very cool. And thanks so much to Vlad for having the best background. Most animated looks great. Man. Ben are I paid 200 bucks for this. Well, it was worth

it, man. Ben are prediction or a story of the week. Go ahead. It's pretty cool about the Twitter open sourcing the al goes. I like that. I was speaking to you. I'm just waiting until Ben had his moment in the spotlight for his Internet to break. Oh, let's see. Vlad, do you want to tell us more about your background? Well, a way for Bender reconnect. Yeah.

So this was made by an architect or student from Romania. And what I like about it is how the spaceships have depth. So you can see that some of them go behind buildings and others. So in front of buildings, I can look at this old day. I like it. It's cool. I like I like the chain that keeps coming but it's really dramatic and it looks

good. Well, I don't know if Ben's going to make it back. He's probably rebooting his Linux computer now. But I think Ben probably would have talked about his interview with rabble on the world crypto network. And it was really exciting. I didn't know rabble before. But apparently he worked on Twitter and what he did was a lot of the telephony stuff. So back when Twitter was

based on text messages and you had to technically send them through the system, he handled a lot of that complexity. He was working on his own project called Scuddlebutt, which was similar to Noster in it was a messaging sending type system. And it was really neat in the interview. He's kind of slowed his work on that and expanded his work on Noster sounded like they're building

somebody called Noster social. It might be kind of like a Facebook on Noster. They talked about having a telegram on Noster in addition to Twitter clones on Noster. So there's a lot of really exciting stuff on the world crypto network this week from Nosterica. Thanks to Ben. And that's about it. We're out of time. So be sure to give us a thumbs up down below, push

subscribe, add a comment, say hello in the chat. And until next time.