This week in Bitcoin- 4-27-2018- BTC & boomers, education, crypto-lawsuits?


Hello everyone this is Adam Meister the
bitcoinmeister the disrupt meister welcome to this week in bitcoin today is
April the 27th 2018 strong hand bitcoin is the next bitcoin okay
we’re a little late to start but that has just got you all enticed and ready
for this show it is 9:00 p.m. in London 4:00 p.m. on the East Coast we’ve got
Chris black coming in from the East Coast Russell coming in Russell Spears
coming in from the East Coast and Brian Wallace is making his debut on the show
he is coming in from England London probably yes jolly old England so we
have had a it’s been a week of where a lot of people are talking about the
price and you know how I know that one Bitcoin equals one Bitcoin and of course
if you want to know more about these dudes check out the links below I link
to each one of them below or at least I should have a high was in a rush to
prepare the show anyway but let’s list so since people liked it
we’ll get it out of the way about bear market bull markets what’s going on
Russell what is going on just tell us what’s going on I mean whatever you want
to say well look I think the big Queen has consolidated at a certain price I
think there’s enough people wanting to maintain a support there but look you
know I’m like you you know to me I see long term I think you know right now
whatever it is people are misjudging this technology drastically but I think
mainstream media is starting to appreciate some of its basic ideas there
it’s not so much medium of exchange in my opinion it’s store value and I keep
hearing this all right what do you have to say about that Chris yeah I agree I I
still think that we are getting you know we know that what what drove the price
up was people who didn’t really know that much about Bitcoin they couldn’t
understand it they just knew that the price was going up and they wanted to
jump on it as it was going up and then when it crashed it was those people
and I think now we’re getting to a point where we need to as the you know people
that know what’s going on we need to start thinking about how can we educate
people in the field once again because the next will the next wave is going to
come in you know and we’re going to shoot up the twenty thirty thousand and
we’re going to be in the same situation where we’re going to go off a cliff and
we’re going to go back down to six seven eight ten thousand dollars so we need to
start thinking now about what do we do when we reach twenty thirty thousand and
we have all these movies in the field that need education we need to be better
prepared next time oh I tell you what we should do we should make sure that as
strong hands we should be prepared to pull out a little bit and put a little
belt back into discipline it you know look if they’re gonna put money in our
pockets go ahead and let them do it you know what do you mean by that
exactly well I know that you advocate holding but I think there’s a strategy
with this you know I do actually live off my Bitcoin and uh yeah yeah so to me
it’s just I’ll pull some out I’m gonna do one time at the top and if it goes
you know if it continues to go up I’m fine I’m just gonna use that money for
the next year but if it goes down I’m gonna be ready to discipline and take
that Bitcoin back that’s no way looking at it that’s not really what I meant
that what I meant was we as the community that understands Bitcoin when
we go up to twenty thirty forty thousand dollars next time that growth is going
to be driven by people who don’t know anything about it so the chance that we
have the opportunity that we have to keep them is going to be during that
time after they bought in but before they panic sell right now we need
platforms we need websites we need blogs we need materials videos out there
starting now because we know that’s going to happen it’s inevitable it’s
inevitably going to happen how long do you think it took you to understand and
appreciate Bitcoin the way you do right now I mean I’m still learning every
single day you know it was a one day process as far as the switch flipping in
my head so once that switch flipped you’re down the rabbit hole and just
lets these people it hasn’t happened yet and this is a very good segue into Brian
because he is relative relatively new to Bitcoin
compared to us and he is all about educating the newbies and he has gone
through the process of self education so Brian why don’t you say a little bit
about you know I mean the present state a Bitcoin but also about your journey to
Bitcoin and what you’re trying to do okay put me video on so hopefully it’ll
work and if it doesn’t let me know nope okay um well briefly if I may for the
for the new people looking at this a bit like me twelve months ago I was happily
going about my life had never heard a Bitcoin and I got a phone call from a
business colleague of mine it said I’m gonna say one word to you I’m gonna say
no more I need you to love it I need you to go and research Bitcoin and of course
I said what is that and he said I’ll send you two or three links and honestly
and I mean this as soon as I saw it I got it as soon as I saw it I knew it was
right for me I knew it was the future yeah I looked at a lot of the old videos
with king of the trolls and everything else on it and you know saw all of that
and took all of it in and thought there is nothing that can stop this there is
absolutely nothing that can stop this and I literally have watched every
single video of yours haven’t I haven’t missed one and I have watched as many as
I can from Andy Hoffman world crypto Network I’m I’ve literally literally
just started my own channel this week the first video went out Monday the
second one went out yesterday and my goal is just to educate new people in
the space that like me didn’t know where the start and didn’t have a clue when I
first joined you know Mike my colleague told me to go and do a paper wallet so I
went and did that and then when I got my Tresor I realized what an absolute
nightmare I’ve got myself into you know on paper wallets so for me I’m going to
be I want my job is you guys you can do the techy stuff you guys are brain of
this I listen to you raw so I’ve heard you before Chris I’ve heard you all and
you guys are fantastic at the techie stuff but I’m not I don’t under I got a
basic understanding the blockchain you know how we’re going to build stuff on
top of it and what I want to do is just talk to brand-new people that go help
what am I supposed to do you know that that’s my job that’s all I want to do in
this space you know I don’t understand charts I don’t want to I’ve looked and
they did my head in I just know that if I hold onto my Bitcoin and I am mr.
Hodler really you know there is actually not one element of me that wants to get
rid of Bitcoin worries about it I was hoping the price would go back down to
two thousand so I’m gonna buy a whole lot more to be honest with you so you
know I am a maximalist I know bitcoins the future I know bitcoins gonna give me
my pension I’ve got a couple of my daughter’s in there third is that are on
there what watching this so when I say it’s going to be in the will for them
don’t knock me off too soon guys but that’s why I’m involved in it because
you know from what I’ve learned I just can’t see anything stopping it now
speaking of long-term thinking here first of all everyone found that like
button I forgot to say that but Brian you come from you’ve got a unique
perspective on this year not six you’re not 60 years old yet but we’ve got
people here that are I mean they’re 40 years younger than you and stuff so they
see that they see the 2028 having or I tell those dudes about the 2028 having
I’m like dude you’re 18 years old or whatever yo you should just save up
until then use it as a total savings and count until 2028 you’re gonna be on your
way to turning almost 70 by the year 2028 what what are your plans for a
Bitcoin over the next 10 years okay um well for me it’s buy and hold and
accumulate whatever I can obviously you know you’ve all got to live you’ve got
to pay your mortgage and everything else so you can only do that when
circumstances allow you to do that I’m drumming it into my my kids and even my
ex-wife blesser to set up summit where you’re buying a
little bit every month and and building a savings account for yourself because
you know that 100 quid you know they’re a lot younger than me remember that 100
quid in maybe 15 20 years could be something pretty special for them so I’m
trying to get them to do that and bless them they pay me a bit of lip service
but you know that’s what kids do and I was a kid once so I’m trying to do that
but for me I’ve got a battle sit between the fact that I’m sixty next
year and the fact that you know I want Bitcoin to give me a good retirement and
see the world a bit and maybe a new car or something whatever it might be so
what for me I personally think I’ve lost my dad at 73 bless him and so that that
place on the mind so for me at 2024 is probably going to be at the point where
I’m going to have to look at saying right of a max whatever math how am I
going to live the rest of my life now for me it might be depending on what
Bitcoin does a chunk out and maybe a holiday home or something and then money
so that we can live off Bitcoin and enjoy the rest of our life on Bitcoin
that is my absolute plan I keep drumming it into might might my lady are
absolutely serious if we keep a messy what we can when we can I mean I’ve got
several Bitcoin already not bits of you know full bitcoins so if I can amass
where I can I I believe passionately in my heart that 2020 24 is probably for me
when I got to look at where I’m at and then decide which real Isis so you would
say now to people that are going to be 70 in the next decade and the later part
of the next decade that you know what it’s still early to get into Bitcoin and
you can create a 2024 post having retirement plan almost I mean you should
have a show about that maybe I don’t know yeah let’s see where it all goes um
yes but definitely it isn’t too late you know the challenge we’ve got and
remember I am older than you guys the challenge we’ve got and I think I’m one
in a million you know I’m thinking like you guys I’m thinking like the twenty
and thirty year olds that’s my head’s there but most of the people around me
including you know family members extended family and mates and things you
know they were like well I talked about Bitcoin with enthusiasm they go yeah I
might have to look into that ring des come on come on bangs look into it and
I’ll probably get over to them the price is down right now we did 20 grand
December the 17th is coming back now is the time if you can do to get a little
bit sorry I wonder I want say so people just because you’re 55 or
over that’s no excuse there I hope this serves as an inspiration for that crowd
get on in it there’s a lot of potential then and you can learn if you’re
teaching it you’re teaching it to any age but I think you’re definitely
inspiration and you’re showing a different demographic of Bitcoin that we
don’t usually see in these videos and stuff so thank you for joining us here
today I want to say Chris you’ve been going around you were just at a big
event we’re talking about education here with Russ we’re talking about education
here with Brian but you were like I had a really one-on-one type of education
event in Chicago tell us what that was all about and what that really means for
the space and some of the odd that kind of went around other events that were
talked of you know there’s drama concerning how much you pay for an event
bass yeah and before I do it I just have a comment about what Brian said which is
fantastic and I love the story about how you got involved in Bitcoin and it
sounds like the number one thing to take away is you did not get involved with
Bitcoin because of the price you got involved with Bitcoin because you
started to understand the core principles am i right and you started to
appreciate the technology behind it and the price there’s a whole separate
factor but it sounds like you got into it because of the technology aspect even
though you don’t fully understand it right you’re dead right Chris but
there’s something else as well and that is you know I’ve listened to when Adams
had the Venezuelan people on and I’ve listened to what’s happening in other
countries right you know and I’m I’m a guy that’s got a policy of first do no
harm if I can do some good somewhere you know for me I just think if we can get
this message out to the world and the faster we can get out of the world we
can help some of those countries that don’t have access to banks and
everything else so there’s the libertarian bit as well don’t get me
wrong I’m in this throw my own reasons financially but you know it’s the whole
thing I didn’t get into Bitcoin because I saw pound notes and and Lambos don’t
really interest me and I got into Bitcoin for all of the reasons you know
and you know I’m never going to understand chart and talk like you and
Russell that does on Twitter but I can do my bit
because the way I see it 90 odd percent of people that are joining us are going
to be newbies that don’t understand this and I think what we’ve got to do is yes
we’re going to have the institutions coming in and the banks and everything
but surely with seven billion people on the planet the masses are going to be
ordinary folk that want to get in and get a bit of a savings plan you know
I’ve got one of my videos just coming up I mean I come on do what Adams doing
live so I’m sort of recording him and it’s talking about you know you put a
thousand quid in a savings account in England and at the end of the year you
might get thirty quid put your sets out and quit in Bitcoin and at the end of
the year that might just double so do you want there yeah I just want to throw
that right there because it sounded I was thinking the retirement plan works
for you because you get it right and the retirement plan wouldn’t work for
everybody who’s close to sixty because they don’t
get it and they don’t understand the way the price is going to fluctuate and
things like that so that’s it get in there if you can and you understand it
but if you don’t take the time to understand it before you before you do
and they didn’t mean to derail the other conversation we just wanted that to kind
of grow that I think I think what you said it really is what I was trying to
say myself is that we we can’t help the information is really out there I think
he’s a great example of just getting out there and having an open mind
look there’s a small percentage of penetration right now in terms of the
people who are wanting it or actually holding it and it’s still early but I
don’t see this taking such a long time I just don’t know if people once they get
it that they’re not gonna put two percent behind it I think the I think
that youth will get it and that leads to a question from the audience or a
comment from the arts before we get to Chris I wanted to add one of the say
something to Brian Brian there is a guy in the chat right now who I know who is
over 50 and he is saying that you are one in a million basically and that
people your age are very resistant to change
I mean what do you do you see people your age
jumping in illness or do you agree with this guy that you’re one of them
him and that people your age are generally resistant to change okay
firstly if I can do you know something I may be 58 but I feel 30 okay so I don’t
feel like an old person and I have to say that the guy that introduced me is
the same age as me you know see there’s another one but I think you’re right
most people that are around my sort of age is sort of resistant to it they
think it’s going to be one of those things it’s going to fall flat on its
face it’s going to be the bubble I’ve heard about all this sort of thing
before and you know you spend I spend so much energy trying to get people to
listen my brother being a case in point it keeps saying I must get some I must
get some get some you know sort of things so I think most people my age
close quotes they are resistant to changing I do that’s a good segue
actually which is a smart station because I was at an event two days ago
in Chicago that was run by Andres Antonopoulos who I’m sure everybody
knows is one of the most eloquent speakers on Bitcoin and his podcast
let’s talk Bitcoin they had their fifth anniversary they decided to do it a live
episode on stage in the Music Box Theatre in Chicago in front of 700
people which was fantastic they sold 700 tickets at $40 a piece in
three days and 700 people who absolutely loved Bitcoin not because of the price
not because of what they can trade it for not because the Lambos and moonshots
but because of the principle behind it because of the possibility that exists
with it and very much like you Brian not everybody there was a fully technical
thinker you know but once you understand the
principles behind it you get that enthusiasm that you just want to be part
of the community and there were I talked to at least three people there who were
50-plus and who were in the same boat and I don’t think that no offense you’re
probably a fantastic guy but I don’t think you’re one in a million
I think there’s a lot of people out there who are capable of understanding
the basic possibility and opportunity that comes with this technology and as
soon as you get there it doesn’t you don’t have to fully understand how
consensus works and how hash rate works and how block chains even work you
really just have to understand the possibility the opportunity and the
security and once you get those things down you start to see okay this is the
digital gold you know better but better than golden and that’s when you really
start to want to be a part of it well I thought no not so much about
understanding it’s about appreciating the moment appreciating this technology
not only for what it could do or how you understand it’s gonna work but I mean
look fun des mentally we have new money now it’s free market money and it’s
gonna open up a lot of opportunities where it didn’t exist before
right now this we’re seeing examples of decentralization and money but I’m also
saying that this is also going to fund it’s gonna put capital and people like
mine in at my hand I don’t I’m not worried about Lambos I won’t worry about
a bunch of junk to me what I want to do is I want to decentralize work with that
I want to take that same notion and I want to apply it to work and I want to
support democratically run worker cooperatives I know this is just a new
and as an idea and it’s confronted by you know hegemony and this traditional
notions but it’s going to support a lot of things there’s a lot of projects a
lot of open platforms I love to see this capital in the hands of disruptors smart
intelligent disruptors if it passes the average guy by I don’t think that will
make a big difference it may up the you know vacation you know
stocks and it may up you know you know some luxury items but I think that if
this capital can flow in a disruptive way and in a creative way like honestly
I have at least three ideas myself I’m going to push and I can imagine that
there’s gonna be thousands of people like myself hundreds of thousands of
people people that are quite competent in coding – so the
smart competent early adopters in this space it’s that’s to me the most
profound and exciting part but the logic of this I think is still working itself
out and some people aren’t appreciating Bitcoin for what it is and to the
narrative of like medium of exchange I think that’s dead I think they should
die should pass away because it’s almost a smoke screen it makes people think
that all these all coins have a value and they don’t they don’t it there’s
store of value there’s a global permanent record ledger of agreement
that we’ll use for other things but I’m telling you everything that Bitcoin is
is already what it is it’s gonna be built on top of it now I’m not a coder
and I know vortex had like corrected me that you know no lightning is a part of
Bitcoin but you know I kind of do imagine it as a second layer technology
I could be wrong in that but I think conceptually it’s fine to do so and
imagine that you have these other layers for smart contracts and things like that
all of it built around Bitcoin core in you know your judge is gonna see all the
innovation happening around Bitcoin itself I’m what I wanted I would say
that you know we’re talking about how easy it is to if you’re stubborn when
you’re older can you learn in the in the chat all of a sudden all these people
did start to say hey I’m over 50 I’m over 50 I’m I’m into this I understand
it so yeah there are guys that have gotten into this and I’m glad I’m glad
to see all ages out there and I’m you know if you’re non tactical or technical
it you’re in for a heck of a ride here now rush you brought up something about
decentralization actually and here’s a little I I’m gonna bring up a topic you
guys can address it if you want to if any of you have anything else to say
about what we’ve been saying say that also but lately there have been people
that have been kind of perturbed at be cash and in aetherium or who knows what
and they’re talking about lawsuits and getting the government involved that
kind of seems like what the opposite of the direction we should be going in with
that seems to be like green this new awesome cryptocurrency thing
back to centralization have you guys been hearing about this stuff and what
do you think about it or you can talk Chris or you might have something else
to say I’m not interrupting you but take it away no no well on that topic I
assume you’re talking I don’t know what lawsuits you’re talking about I’m
feeling it’s just because of like that bad trademark infringement stupid stuff
like that was Bitcoin like I don’t know I know it’s it’s it’s surrounding fraud
possibilities of thought the people over there on the beat cash side of this
equation are trying to sell beat cash as Bitcoin and you see when they download
their wallet that it defaults to this even though it’s saying Russell what do
you think of that do you think that they should be sued or just it could be a
double-edged sword honestly I mean who knows if this goes through you know make
people less likely to try to take on Bitcoin as an open brand you know I mean
I agree with that buddy it’s open source it is open source but
that still leaves open the question of fraud I mean I could really sad I just
want it so sad that we can’t nobody on nobody on the Bitcoin logo it’s crazy
it’s suing BTEC they’re talking about suing be cast suing Bitcoin calm right
they’re stealing the Bitcoin identity right yeah I’m not a fan of a lot of the
tactics that the Bitcoin cash guys use and stuff like that well one thing that
I know for sure is that you know you cannot sue somebody for the way that
they use the word Bitcoin you can’t sue somebody for the way they use the word
email or FTP or gopher or telnet or any other internet program if you order ten
tons of bananas and I send you two ton or ten tons of apples I think there’s a
possibility of lawsuit well that’s a different situation because if they’re
buying something and you know if they’re buying one thing and they’re getting
another and there’s a company involved in that transaction then that’s a whole
different situation yeah but I believe they represent
themselves as a company so it’ll be interesting to see how this pain
I agree with you like I don’t know how this would happen but it’s an
interesting tactic and it’s just read you know adds to the nuance than the
texture of the space that people don’t appreciate I don’t like bringing lawyers
into this thing I think we can all work it out we can make it as a community
make it clear Bitcoin calm is not about the real Bitcoin I mean and you know if
you’re gonna start buying stuff you’re gonna learn a hard lesson if you really
think you’re buying Bitcoin and you’re getting be cash I mean that’s that’s the
way you learn a lesson here I don’t and I forgot now what they’re talking about
with the theory amande Oh make you know people are pushing to make a theory get
the government involved and say it’s a security making the securities to hurt a
few why should we care what I mean I doubt come see Roger hearing that
grouped and what they’re doing really honestly is there building the template
seemed to me the whole issue of be cash in my opinion Bitcoin cash for those who
don’t know hey it’s either it’s either going to destroy the idea it’s that one
at one possible attack that could just destroy the notion of storing value in
any of these block chains because if like tonbei says if they win he’s out
where I’m I’d be out because it won’t store value there some other big bank
will come in behind Roger and then you’re on and all them guys and just
come in and just do the same thing we can win from a decentralized type of
attacks not trying to bring the government in or not trying to bring
lawyers and I’ll put it that way wait Brian has been quiet here I want Brian
to chime in you had something to say about all this and everyone in the chat
really likes you they like your style so take it away um well you know coming
from a non techie background I can I can see what’s going on I didn’t you know
what studying Twitter and you know I know what’s going on and you know it is
a double-edged sword I agree with you Adam that you know lawsuits you know it
would just it would do damage to spikes but equally you know running this use
his name I will and he got out you know he’s got money and
there’s a lot of and I am slightly concerned that you know there’s more
Ethan as Russell said you know things start coming in behind them you know
that could start swinging it the other way I mean that’s just coming from a
complete novice in terms of understanding the technology I’ve always
felt that you know if you knock your if you knock another company you knock your
own industry that’s that in my other business don’t knock another company
because you knock your own industry you know and so I don’t want to knock be
cash because I’ve got freebie cash but I just don’t like what they’re doing I
don’t see why they have to be the way they are that’s just me I really like
that approach don’t knock another company because you’re knocking your own
industry i i i i i like that i like your experiences coming you have wisdom there
that I really like Chris what do you have to I mean just just one more thing
about the the tribalism and what’s going on here you know I think we all need to
keep in mind is you know like that that whole comment just now about don’t knock
another company because you’re knocking your industry in this case there are no
companies there are no CEOs there’s nobody owning any of this right there’s
no knowledge that was just a man understand but it’s important to keep
this in mind because a lot of followers of these different crypto brands are
treating them like they are companies and some of them are – you have a
company and we have grades of that centrally some of them are if you want
if you want a cryptocurrency whose name is protected and trademarks then please
go invest in you know what some of these centralized things I don’t know so you
know but in the case of Bitcoin and in the case of Bitcoin cash and in the case
of the other 925 bitcoins that are out there we need to keep in mind the only
thing that’s protecting the Bitcoin name is decisions that are made by wallet
developers and exchanges for the most part right exchanges are the ones that
are saying this is Bitcoin and this is Bitcoin cash
you know if they could roger ailes to check to an exchange and they say you
know what now this is Bitcoin we use called Bitcoin cash is now the big one
what stopping that from happening we need to not pride ourselves on the name
we need to pride ourselves on the bigger community and the bigger movement that’s
happening here well I mean I believe that marketing has great insights on a
lot of things look you could take away you know the McDonald’s brand away from
a building and you just have a crappy building and crappy food you know the
brand matters and the the deal is is that yeah I agree like this is the space
we’re in but if somebody feels as though they’ve been uh I guess you know
offended I guess legally they and they feel as though they have recourse I say
have at it you know I wouldn’t encourage it I wouldn’t encourage prostitution but
you know I would encourage people to hire a lawyer and try to try to get
resolved if they feel like a company a legal entity you know has somehow pulled
the wool over their eyes and pulled them into buying one product when they
thought they were buying something else that’s absolutely something that you
should use the law for and there’s no reason that we shouldn’t bring the law
into situations like that you know where there’s a company a legal entity that’s
screwing you over you know at but when it comes to the bigger picture you know
and looking at I’m twenty years a marketing guy and I fully agree with you
as far as the importance of the brand but we all have to be realistic here
and we all need to remember that the name of it is is in the ether it’s in
the cloud right it’s not really it doesn’t really exist all that exists is
the blockchain you know all it exists is the community around it and that’s what
we really need to protect more than the brand itself well I think that Bitcoin
cash is a as a real existential threat on a Brian Brian what are you gonna say
now I was just gonna say Adam it’s it’s an argument that will rage on and and
really the markets will decide time will decide you know there’s an argument for
both sides in there really I’m I suppose you know I’m not I’m not
you guys really are talking stuff that goes right over my head really and I
just there’s actually bad you talk about market you’re also talking about bad
actors people act in bad faith as well yeah you know go ahead now though I was
going to keep going with that keep going that no hey look there’s there’s just
gonna be bad actors on both sides no doubt about it on both other companies
and people but the one thing that cannot be bad and cannot be a bad actor is
quote right and at the end of the day all Bitcoin cash is is quote and at the
end of the day all Bitcoin is is code you know there’s nothing inherently bad
about Bitcoin cash the problem is everybody’s assigning human attributes
to it because of the way that certain people are trying to promote it and try
to so we got to keep in mind too many people are assigning human
characteristics to a short bit of code that’s happens to be called you know
Bitcoin cash by a certain group of people and this tribalism is doing
nothing nothing except for hurting us and tearing us apart and slowing us down
and slowing down innovation so I just want you know it met goes for every
other of the 2000 crypto currencies out there there’s no reason we can’t sit
like i sat with 700 people in a theater two days ago and have productive
conversations about the benefits of this or that or the other cryptocurrency you
know as opposed to name-calling and assigning human attributes to code and
just all this nonsense that’s all it’s doing it slowing it down I really like
your point about assigning human attributes to code lets people got to
think about that morphism yeah all right I want to say thanks for the fight
thanks for the $5 super chat Robert see Robert sees was talking about Brian and
it was very complimentary he reminds me of my grandpa and notes all right and
his grandpa has been buying Bitcoin for three years regularly definitely seen a
lot in his life and has all the confidence in Bitcoin and his grandpa is
actually 85 now that’s not that’s it he you’re a confident dude that’s that’s
what do you know that they one wouldn’t expect to be buying loads of Bitcoin but
if Robert sees grandfather’s doing it you’re doing it hey there’s a there is
no age limit on that and there’s no age limit to pounding that like freaking
like button subscribing this channel and checking out the links section below
Brian you know there’s one thing you know you said a couple times that this
is going over your head and that you don’t fully get it all but I’ll tell you
this and you already know this you get this up more than 99.9% marginal people
over 50 but of people period okay so yeah you need to embrace your role not
just as somebody who’s new walking into this and just listening to us but now
people want to listen to you and you have a lot to say not just to people
over 50 but to everyone to everyone of every age because I can’t I was on a
flight to Chicago a few days ago I sat next to a guy who was in his 30s not
only had he never heard you know didn’t know about Bitcoin but he’d never heard
the word Bitcoin before he had never heard the word cryptocurrency he had no
idea what I was talking about and I was able in 10 minutes to explain it to him
to the point where he got excited about it and you’re fully capable of doing
that so don’t downplay your your ability to influence people well I think part of
it is that there’s no experts there is man you just really got a you know like
even with this discussion we have about what we’re on what the real Bitcoin is
and anthropomorphisms all this stuff look at the end of the day this is gonna
play out and if you’re smart you’ll attend you’ll listen your watch you’ll
see how this plays out and it’ll just be another example of how things become
very nuanced our initial impressions I don’t see that they really operate too
well but we’ve seen this play out this whole you know issue between two camps
here it’s not so much tribalism but it’s it’s saying hey this is the perspective
I’m taking this is the perspective you’re taking and you should be willing
to defend that out there publicly too because there’s reasons why I don’t like
be cash well I think it’s you know I think it’s great that people can succeed
if they want to we Bitcoin seceded from the financial
system now other if people don’t like the way
bitcoiners they can secede do their own coin Brian you were gonna reply to Chris
I was just going to say there’s the reason I mean I started watching you
Adam and a few others but you were the one that sort of I don’t know that this
I feel an alignment with your with you I mean you could literally and that’s not
to blow smoke up your ear that is genuine that there’s an alignment with
my thought processes and your thought processes I’m completely in the utterly
strong hand long-term thinking 2020 buy-and-hold and all that stuff I get
all of that I even Drive my wife mad because she
thinks I’m Adam Meister walking around the house because I can recite you so
let’s just keep that in mind okay and I’ll listen to the other guys and but
for me you know I watched Chris and I’ve watched russ and andy hoffman and all
the others and it made me think we’re not when i took a step back I saw
possibly you know eight to ten commentators right that I really feel
that I can connect with and listen to and study okay tone base is great but
it’s all charts and stuff and it’s over my head I do like listening to trace may
have stuff I find that really interesting but I felt that there was a
market for for people that you know a looking at it in going well
what is it what am I supposed to do with it you know how is it gonna work and
should I buy this cheaper coin and and I can get that stuff and I know that I can
educate people on the ups and the downs of why they shouldn’t shouldn’t with all
coins and Bitcoin and everything else so I felt there was a place guys I stepped
into it I I like I said I don’t have the technical know-how but I feel I’ve got
something to offer well if you thank you very much for all those compliments and
you are showing the world out there because there’s certain people in our
community who bashed the boomers do not bash the boomers they they can do it too
they can play and they can play with the big boys also this isn’t just Murray
bone this is not just a young man’s game all right
no no it’s not and it’s not just a man’s game although it is like 95% man there
so women compliment big boy if you wanna I mean it it’s a
free-for-all Chris come back I want to tie back into your what you saw at the
conference this weekend and people also what’s been going on with metallic it
was not pleased about the price of well who knows why he was not pleased with
the coin desk event in might but he brought up the price and then a lot of
people start talking about talk about the difference between these ICO events
and your type of event that you were at yeah I mean there’s two very distinct
type of events that are going on in crypto right and there’s on the far end
on this side is the conference with you know a thousand plus people booths set
up for icos and tokens and and girls in bikinis shilling something or other
that’s on the one end on the other end is the meetup that’s going on in a local
community ranging from super technical to more just sort of enthusiast meetups
that are going on and well the events that I went to was sort of at the upper
end of that side right it was like as big as you can get but still be an
organic and homegrown event and it was 700 people and was sponsored by the
local Chicago Bitcoin open blockchain meetup group and Andres Antonopoulos is
hugely popular if you haven’t checked him out please watch every single video
he’s got because he’s fantastic explainer of this stuff and he was there
and it was a really really organic group so
Vitalik I guess he was engaged to show up at the consensus conference in New
York which is happening in May and his issue one of his issues was that and and
it’s been an issue of mine too cuz I live right across the river from New
York City and blockchain Week is coming up in May and there’s ethereal which is
an aetherium conference there’s consensus which is a Bitcoin and
cryptocurrency conference and consensus for me to attend would be I believe
$2,400 to attend this conference so you know
look coin desk runs consensus and they’re entitled to charge whatever they
want this is a free market capitalism great the issue is my
this is what vitalik was getting at when he said I’m not going because the price
is too high I think his point is look you’re charging $2,400 for people to get
in you have sponsors out the wazoo coin desk is profiting from this a lot the
audience the side effect is the audience inside of that conference is going to be
wealthy people it’s going to be businesspeople it’s going to be people
in the 1% that can actually afford to go Bitcoin aetherium these open blockchain
technologies are about community they’re about the people it’s about it supposed
to be a people powered movement and more and more we’re seeing this
centralization occurring not just with mining power and not just on the
technical side but with thought power and when you have these conferences that
are limited to just this small group of people that can afford to go you’re
creating a thought leadership that we really don’t need you know I think
that’s what he was getting at it contributes that what was it information
asymmetry trace usually talks about you know exactly exactly
and I thought it was a great distinction between that sort of event and the one I
went to which Nilla with 700 people $40 a ticket you know all the proceeds went
to benefit the local meetup group and that to meet epitomizes what we should
be striving for usually I would say usually you can tell the difference the
events that call themselves blockchain and avoid the name Bitcoin you should be
leery of the ones that say hey this is a Bitcoin meetup we have some special
guests those are the oh geez those are the hardcore people hey decide on your
own people though but there are a lot of big talkers out there a lot of guys who
put who want to be on pedestals who want to sell your icos and you know Chris you
said it who’s got the bikini girl if you’re in an event with bikini girls
you’re probably it’s I think it’s a waste of most people’s time I mean if
you if you really value education for me going to events is about learning and
meeting people and and being in motion not like getting pitched so my CEO and
and and and feeling special because I paid twenty four hundred dollars a
ticket and not having your your forebrain or high brain hijacked look you know it really is an open space
but again that’s an ideological perspective you know I you know there
you’re gonna find that the wealth you’re gonna move into a space that they feel
as though they can take control of and again this is gets back to that whole
difference between where you stand you can’t be neutral on a moving train as
one of the things charm you know Chomsky talked about and that’s very true in
this space you cannot be neutral hey I say if people want to blow a lot of
money in this space they come into the space because they will start buying
things that we get for free they’ll buy our crypto dividends and boosting
they’ll boost the price of Bitcoin hey I mean there’s there’s a positive side to
the coin also about and you know and let that let the market judge who’s sincere
and who’s not sincere in terms of where you get your information from but I mean
if you know if a lot of blind spenders want to come in there’s always going to
be more 80 percenters than 20 percenters that’s the nature of the game so if they
want to pump up everything and create enough because the next bubble there
will be another bubble and it will and we’ll see all the nonsense that we saw
in December again so yeah it’s like a clear cycle and it’s institutions get
into this they’re gonna take that 10% moves and they’re gonna run away with
whatever it can they’re gonna reduce it to at least a 2% half a percent here as
a money in and out but it really does I think in in terms of strategies this is
why I liked Adams perspective about strong hands you know literally they can
put money into that I wanted to put money into my pocket cuz I’m gonna do
something with it yeah exactly Menem public Chris yes Christmas
yeah and just you know on the I mean I’m a big believer in in keeping Bitcoin
powered by people and having people in charge and not having things like the
New York Agreement happening where a bunch of companies can get in a room and
make decisions about things and one of my goals in the next hopefully in that
six to twelve months is to start organizing bigger events more accessible
to everybody I would love to see 10,000 people 10,000 bitcoins
show up in one place whether it’s a field or a stadium or something and make
it super cheap just enough to cover cost what size up behind are your speakers
you know yeah I’m here to ban we got a meet-up well I would love to look if you
would love to see 10,000 people meet up in a field and we organize something
where it’s organic and awesome and not have things like consensus taking over
the thought leadership then shoot me a tweet because I want to organize like a
little committee and actually make this happen
so I’m big on this idea filled with 10,000 people though I don’t know
Woodstock up in there but I think guy who put on my loss and the Los Angeles
event I just spoke at Anders I don’t know if he’s watching I gotta get you
hooked up with Anders on the west coast cuz he’s got the same mentality that you
he’s on the same page as you this is great look people are in motion
networking on this very show you’re seeing it live people pound that
freaking light button alright well that’s what we’re getting toward the end
of the show here and I’m glad we’re all talking about our individual interest
here Brian is there anything thank you very much
for being on the show first of all Brian you made a great debut anything that we
left off from that happened this week in Bitcoin that you want to talk about
anything that you want to promote anything that you want to reply to do
that you didn’t get a chance to say before no I’ve thoroughly enjoyed being
on thank you for having me I’ll certainly love to come on again and what
I want to say is of course you know you guys are over in the good old US of A
and I’m ho over here in tiny little Blighty so if there’s anybody out there
on in the South of England I would love to get together get some kind of meet up
going somehow so that we can talk Bitcoin that’s all I really want to say
I just want to connect with people that are in the South of England and see what
we can do our end you know that is really important this is great here’s
his Twitter information is below I know plenty of people from England watch this
show let’s get there’s probably something that exists already who knows
maybe there isn’t where you’re at everyone contact Brian that is that’s
awesome yak meat happen Christian just one thing yes one thing I’ve already
connected with nope who you have on the show a car weeks ago
ah literally probably left them less than 25 miles from me which is magic so
we’re starting where are you guys near Bristol or Island I’m very near Bristol
yeah you know what’s-his-face uh renegade investor I think is in he’s
been on my show before he’s a big name he’s in Bristol I think but yeah Bristol
people come together right now oh yeah alright uh Russell what did you what has
been left off what do you have to say what do you have to promote you go look
I just think again we just gotta have our head right where it’s you know this
is a historical moment in my opinion it really truly is and you know a lot of
people are just not gonna get it they’re gonna get it maybe another 10 years
another five years uh the smart ones hopefully are the ones that end up with
this I honestly I see them doing more with it but I I think there is a deeper
humanitarian issue that can be addressed with this once we have money that’s
decentralized we can work towards other things and decentralize more of our
lives especially where we spend eight hours of our lives in these jobs right
so I’m interested in seeing what this can actually do in terms of social
justice but um I think it’s still interesting as much as the issue of
brand came up right we don’t know how this will play out throw it if some guy
can throw a wrench have at it I want to see what happens I want to see
what happens in the course in terms of you know where it stands and how it’s
gonna act from this that might be an interesting thing but again it could be
a double-edged sword so yeah I think poking and prodding a bit coin testing
it giving you challenges is great yeah well the test it just becomes stronger
and stronger so that’s what I welcome people abusing the Bitcoin name I don’t
I think I think then then we can everyone in the Bitcoin community clears
it up I mean there was a tweet the other day saying how amazing this community is
all these smart and now somewhat wealthy people scattered all over the world just
bonded over this one it’s a community unique
community that nothing like this has ever existed before Isis what a time
what it’s no I can definitely agree that it represents a unique attack so you
know it will be interesting to see how it works because hey Andrea said it best
you know bitcoins gonna continue to remain in the sewers and it’s gonna be
the best sewer right out there I knew you’re not under I’m you’re gonna bring
that when you say I knew you’re gonna bring up the sewer rat one that was a
great that was a great talk it’s a genius conversation that’s why if I had
somebody new I would recommend Andreas Antonopoulos each and every time even
though that guy has me blocked on Twitter you know Andreas blocks me I
deserved it yeah you’re you’re outspoken you’re you can be very outspoken Andreas
is kind of picky he blocks yeah he’s a blocker
I don’t block anyone on Twitter by the way and I let all the trolls go wild in
my chat I mean people were like who are these madman I’m like I don’t care I
just don’t I mean I don’t I don’t censor because they they prove how foolish they
are anyway Chris Chris tired oh wait a second hang on before you get the Chris
someone just sent something in the super chat check your six and five bucks
Bitcoin can gain traction faster if it captures the 55 and older crowd that has
the real money to invest they are the ones being scammed by king of the trolls
I’m not gonna say who he said very interesting point check your six yeah of
course but it’s hard to get the 55 year an older crowd it’s not impossible but
yeah we really got them in there they do now the point I’m going he’s trying
trying man and so is Bill Martin over in the chat now – he’s good with that – all
right Chris a lot has been said the floor is yours you feel you can talk and
talk for as long as you want to know what I think you know one of the most
important things that was said here was you know that everybody has to start
somewhere with with learning you know I put it I had a tweet the other day it
was like a Kanye level like Trump level like I think I was in the bathroom and
typed it just pound and I got like 600 likes it was it
it was every Bitcoin supporters started out as a skeptic you know and I think
that at least for me and you know for a lot of people that I know and for us
apparently you know every Bitcoin supporter starts out as a person who
looks at it and says that’ll never work you know and of course I got a bunch of
replies saying you know fu you know I wasn’t a skeptic but whatever that’s not
the point the point is when you’re now somebody who understands it and you’re
no longer skeptic and you’re talking to somebody who doesn’t get it yet you
gotta expect them to be as skeptic and you need to figure out your tactics
ahead of time on how to deal with that and you need to be patient with them and
you need to walk them through the process that you went through in order
to get to the point where you are no longer a skeptic so expect resistance be
patient with people when you’re talking with them and just understand that it is
a journey that you need to take that they haven’t taken yet but you already
have and they will get there eventually if you’re patient with them and if you
just keep on explaining it yes when it comes to education people be patient
with the newbies hey chapter six thank you I didn’t say thank you for that
thank you for all the people in the chat and they gave you the super chat and
everything I really appreciate it all right we’re gonna sign off girls too but
didn’t have you have anything else to say yeah I want to actually say
something in terms of you know getting Bitcoin I think is a moving target like
the minute you think you got it this thing is evolving so quick like that’s
that’s why I always talk about that Bitcoin Hydra to me there’s a final
concept in place here you know it’s just gonna be layer multi token that could be
a totally different thing to understand and Bitcoin now dude your apps that’s
great point to tie it all awful and actually Russell because it is kind of
once you think you’ve got it then something new cryptic we thought we
understood it at the beginning of 2017 all of a sudden they come up the crypto
dividends and and it’s totally different and you know it’s a total new like way
of looking at it what is next that is the excitement what is next in
the evolution of Bitcoin and crypto in Hydra is next man I keep telling people
dude whatever is next is gone I am looking wrong
looking forward to it and no matter what your age this thing changes fast and
you’d be a hundred years old you’ll still be alive you’ll be a hundred one
next year and you’ll get to see amazing things so one thing that hopefully never
changes is decentralization you know and I think that’s the hardest part I think
even more harder than Bitcoin to get is the idea of decentralization and I think
that’s the one thing we need to cling to oh yeah most people that get involved
with all coins have no clue about what decentralization is even I’d say most
people in cryptocurrency don’t understand the decentralized aspect of
it at all there’s so many aspects to Bitcoin as it evolves that becomes very
important and central to it working I mean we have this thing where we say it
it’s got to be an open decentralized permissionless censorship resistance I
would add you know resistant to being prosecuted legally I mean there’s
there’s tons of things that as it evolves it’s just adding these new
things like wow this is important and bitcoins the one that is embodying all
these and to me all these all coins are examples of failures and these failures
of knows why that black chains important bitcoin is the next Bitcoin all right
that is the way we’re gonna we’re gonna end it all Matt guys so thank you guess
thank you people every one pound that like button remember to subscribe this
channel like to share this video check out the notes section below because all
these guys are you could check all these guys out I know you’re very interested
in learning about these dudes and everything remember this week in Bitcoin
is every Friday and then every Saturday is the beyond Bitcoin show where I talk
about other subjects beyond Bitcoin add some cryptocurrency stuff and then every
other day of the week I posted at least one new show here every single day you
get some unique stuff unique guests here everybody I will see you later thank you
everyone

16 thoughts on “This week in Bitcoin- 4-27-2018- BTC & boomers, education, crypto-lawsuits?”

  1. I started thinking bitcoin as medium of exchange but changed my concept to store of value in late 2016. Mises' Regression Theorem – a medium of exchange must first go through store of value stage

  2. BitcoinMeister what do you mean when you say I don’t care about the value of bitcoin one bitcoin = one bitcoin…? That’s like saying one cent = one cent

  3. Wow amazing discussion and focus on the important philosophical points. So exciting to be in bitcoin! So exciting to consider how the world will change. Love all the guests.

  4. I dont like government but while it exists I would like it to be consistent and follow the rule of law. I.e. bitcoin.com is committing fraud and people have been financially injured and they absolutely under common law deserve restoration of their losses.

  5. Bcash is just code yes, but roger ver claiming bcash is bitcoin and selling someone bcash as bitcoin is fraud. Bcash is code. Roger ver Vis-a-vis bitcoin.com is fraud, and anyone harmed by him deserves their losses to be restored by his lies and deception. Adam are u suggesting people who have been harmed shouldn't get restitution of losses?

  6. In terms of btc vs bcash, they have RIGHT to secede from bitcoin. MORALLY they ought not attack bitcoin core developers whom they have taken so much code from… Totally disengenuous. And now individuals are lying to people to get gain, and that is straight up fraud which is theft which flies in the face of the non aggression principle. Roger ver is no anarchist/libertarian. He is a straight up greedy thief.

  7. FRAUD "Wrongful or criminal deception intended to result in financial or personal gain." The big bald guy was having a hard time understanding how the operator (KOT) of the Bitcoin.com site could be committing fraud. He didn't seem to want to believe that Bitcoin.com is actually a company and it is deceiving people presumably for financial or personal gain.

  8. I know of a 72-year-old whose goal is to live to 100. He eats well, exercises, and has 25% of his net worth in the international currency Bitcoin. He loves the energy and youth and innovation and mental challenge of the brave new world. Extremely interesting.

  9. Adam, what happens if Trezor or Ledger go out of business someday? (I'm leaning towards a Ledger, btw) Will the wallet still work? Thanks.

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