Hello everyone this is adam meister the bitcoinmeister the disrupt meister
welcome to the one bitcoin show today is October the 28th 2018 strong hand
long-term thinking um confiscate a bull bitcoin is the next bitcoin offended by
selling check out the links below if you want t-shirts treads or affiliate links
are below everything i talk about in this show is linked to below disrupt
meister comm tech ball calm follow me at tech bolt on twitter remember New
Orleans on December 3rd and 4th I will be speaking at the digital currency
con-com that's linked to below and there's a use the Meister discount code
to get 20% off and then I'll be in Los Angeles from December 5th to 12 and then
Tel Aviv starting December 13th and of course I'm saying I would Chile right
now I'll be here until November 20th and then I'll be in Baltimore from November
21st to December the 2nd I guess and I'm from Baltimore originally if you check
out every since shows here this week in Bitcoin was incredible on Friday it
became a battle now I and I didn't set it up to be a wild debate I don't like
the Bates ties and Lauren Lauren Gandalf and Francis were on and yeah it got a
little wacky you can check that out link to below and yesterday's be on Bitcoin
shadow that was pretty good again disrupt meister calm so speaking of a
Friday's show this tweet by Matt Odell which I mean he just tweeted us out on
his own it's the perfect reply Friday's this weekend Bitcoin patience
censorship resistance isn't easy or cheap you can always set you can already
send censorship resistant payments relatively cheaply today using Bitcoin
it will get easier and cheaper over time as the ecosystem develops conservative
development is crucial strong hand people be patient that if you watch
Friday's show you'll see we should just tweet that out in the middle of show so
another tweet by Matt Odell that I like if you don't trust your government the
value proposition of Bitcoin becomes extremely obvious Russians and
Venezuelans are currently driving the largest share of local bitcoins volume
worldwide they are using Bitcoin to opt out of dysfunctional governance and
again so Bitcoin has a use case so they're for the people who say oh I want
to be able to buy coffee with it now now now no right now if you don't trust your
government trust your Bitcoin preserve value your wealth and Bitcoin preserve
it and pound that freaking like button all you people out there
okay so Alistair Milne retweeted something and he also said so many
brazen outrageous frauds in crypto pretending to have credibility
experience yeah there are a lot of those and Forbes and what he's talking about
on the cover of the middle-east version of Forbes is a guy named Ezekiel
Osbourne and fluffy Pony says Ezekiel Osbourne is not one of the original
Manero core team members that started the community-based stewardship of
Manero nor has he ever been involved with Manero in any way until today none
of us had ever heard of him well this Ezekiel dude who has nothing to do with
madero in the story says that he was one of the founders of
manera and forbes Middle East publishes this so there are people and so what
else did he put this dude on the cover you know that he's such a great crypto
guy this Ezequiel dude what else is he lying about okay
people are just straight-up frauds in this space they will lie about anything
anything that can be proven to be a lie with ease like that you know of course
fluffy ponies if if he's gonna read that someone was was there with him at the
beginning of Manero and he wasn't there it's easy as easy to prove that that's
that fluffy is right and that dude is and I'm about to be his fluffy fan in
the world but this is this is ridiculous that this guy and they put him on the
cover so this goes back to my point that there are a lot of liars
in crypto you gotta be really careful who you believe even when there's a nut
it's on the nice fancy cover of Forbes middle east
oh my god your Saudi Arabians are getting some false info all right so uh
yjk says happy Sunday and he sends ten dollars in the super check dude it is a
happy Sunday I'm a happy dude I try to keep it positive here try to keep you
dude safe remember be careful of the frauds of crypto so on a somewhat
related note on a clickbait related note clickbait for the masses I think that's
a good way to describe crypto man ran of CNBC South Africa the guy is about
creating big headlines and often he gets carried away he's been on my show before
I've been on the show before a lot of people can angry at him cuz he's pumped
up I cos he said X Y Z he's the next greatest thing this is gonna go to 60
kgs and he's wrong a lot cuz he goes for these major headlines and so the other
day he says he's got information on a coin base IPO oh my I can't believe this
I'm like dude you and keep saying these things you can't
keep saying that he's thick well he I guess it happens it keeps getting away
with it because again clickbait for the masses clickbait for the 80 percenters
they forget it they are happy they're click of it
they'll follow him he's got it he's got it going on I mean that's one approach
to become big in crypto I guess if you want to become big in crypto you can be
like that the other guy you just straight up make up horrible lies and
get them covers or you can be like Krypton man ran and God stretch reality
and make big predictions and have all sorts of people on your show that are
somewhat if he but breaker mag dot-com nobody believes crypto man ran and
that's really great for Bitcoin i link to that article below it is an
interesting article and i would disagree that nobody believes i would say that
most people believe him because bigger in the space because most people in
space are 80 percenters and they just wanna they want to hear they want that
confirmation that their coins gonna do well or that bitcoins neck not the next
bitcoin okay that one Bitcoin does this but Rand does not value his wealth in
Bitcoin or he does not present himself in that way at all I mean he's all about
trading any and he's so he's appealing to that impulsive behavior of the 80
percenters it's a trading show it's a and so he's got to say big things he's
got a people coming out with big big sir no there's no IPO for coinbase there's
not so big breaker Matt calls him out on that and I'll link to that below but I
will say this you gotta check out the Twitter feed at breaker mag it's just
break her mag BR EA ke r mag they've got some good stories they they're a
hard-hitting organization that I've just started to find out about and they're
gonna call out they're gonna call out things they don't like and they're
straight up man they're not they're not clickbait verbs they are not click
Bader's alright they're not no they're not click bait for the masses so they're
not for the masses they are for the data is a thinking man's magazine a thinking
man's a Twitter feed they're 20 maybe strong hand pound that like button
so on the show only this weekend Bitcoin show that went totally out of control
that you gotta watch on Friday from Friday the I quoted the beginning of a I
don't like coin desk articles they're very clip baby okay but this one article
the first two lines the article inspired me and they were crypto needs a killer
app and a better sales pitch the average consumer just doesn't care about the
centralization and I agree with the average consumer doesn't care about
decentralization the average consumer the people out there we're trying to
have they just spend spend spend they don't save a darn thing
all right they don't care about the centralization and no they want to just
spend their welfare dollars getting big-screen TVs so the question is in the
Bitcoin space should we be worried about those people should we try to appeal to
those type of people okay and I sting no no we don't we
shouldn't try to go out of our way to make it easy for them to use Bitcoin on
big screen TVs and wasteful things and to make it easy for that this is we
Bitcoin right now caters to savers not to spenders and that's a beautiful thing
and so I think if you watch that this weekend Bitcoin show some of the guests
thought you should cater to spenders and some of the guests thought you should
cater to savers I think you should you should worry about you shouldn't worry
about the spenders it will come eventually okay that's second layer
solutions that's lightly Network you don't really vamp Bitcoin to make it to
cater to spenders that is what be cash is and judge for yourself how successful
that's going okay gay cater to spend okay Dave they said we don't want to be
with you anymore if you're gonna cater to savers if you're if you're trying to
make this a strong uncopyable unsensible new financial asset we don't
we don't want that we don't care about that we want people to spend spend spend
so there you go there you go that sums up I think the
show and what I think of the Friday show what I think about this and again does
Krypto need a killer app a pillar app will come something will come that's fun
that will get all sorts of people piling in okay the mass that will get the
masses the POW in that will happen does it need it now it doesn't need it
now no it needs to go slow and Bitcoin does at least be methodical make sure it
doesn't break don't do anything rash okay just maintain a steady path of beat
and and just being an uncomplicated ball asset where you store up again focus on
a store value focus on savings okay the spenders will come naturally okay
long-term thinking and so yeah again I can talk tie some things that tie was
shouting out there were very impulsive very impulsive type is i thinkin he's a
traitor and he looks at it from a different perspective so speaking about
him impulsive this is a tweet from Alistair Milne he says imagine selling
$1 for 85 cents because you believe something you had read online and
panicked hashtag tether yeah that happened that
really happened first of all you shouldn't have been about valuing your
wealth and tether you should have been keeping your wealth and tether
but people freaked out because of all the tether fun and some people did sell
or tether for 85 cents on the dollar there cuz all it is is supposed to be a
dollar and then they were scared it was worth less than a dollar yeah it happens
when you're you're going back and forth between coins and tether and this and
then your and you believe in everything you read
on the Internet all these these funsters out there bitcoin punishes the 80
percenters okay it punished and that is a punishment from Bitcoin because had
they been in Bitcoin they they they won't have to worry about things like
that but since they tried to get out of
Bitcoin we're trading Bitcoin for like coins for this coin for that comfort
tether jumping it they got punched because they didn't value their wealth
in Bitcoin Bitcoin punishes the 80 percenters yeah hey personal
responsibility what can I say just don't believe everything you read
on the web don't get carried away but by everything you read on the web but I
mean if you're just storing your Bitcoin on your treasurer then and you've got a
strong hand you think if you keep it simple long term and simple store a
value you're you're good to go dude and you don't have to worry about all these
bumps on the road but they're not gonna be bumps for you you're just gonna be
sitting there watching and laughing insane yep Bitcoin punished another 80
percenter here's another man O'Dell tweet alternatively chains that don't
support trust list cross chain swaps with Bitcoin we'll have a hard time
competing with those that do in the short term long term even those chains
that do will have trouble occurring value when users can just hold Bitcoin
instead so ok there'll be a time in the short term for the chains like litecoin
that support cross chain trustless cross chain swamps with Bitcoin they will have
an advantage over other coins they will be more big the friendly art friendlier
your chain is toward Bitcoin and and he's saying in this and he's saying in
terms of cross chain swapping but in terms and in other aspects of
cryptocurrency also has through the friendly re-educate your changes toward
Bitcoin the more likely you're going to have success that your price will go up
in the short term in the long run though every people will realize that why not
just hold a Bitcoin why even have this what's the point of having this point
it's friendly toward Bitcoin that's easy to have trustless swaps with it but why
not just have Bitcoin so there you go that's a matter Dell
tweet they're so low we are in if you value your wealth in dollars again value
about the big point one big points like this one big but for the last week or so
and again the BitFenix premium is slowly disappearing too but for the last week
or so there's been like no volatility a Bitcoin low volatility we have had a
volatility vacation like nothing of the recent two years at least okay
it brings me back to the days of when you know there would be a big deal of
Bitcoin might not $50 in a day but of course it was totally worth like four
hundred dollars ten so this is really low volatility in terms of if you're if
you got your wealth in dollars but the rollercoasters coming back guys this is
just a blip on the radar we're gonna look back on this as a vacation because
you gotta have a strong hand because okay in the future there might be a day
where it goes down by sixty four hundred dollars if it's like a hundred thousand
dollars and fidelity gets hacked or something like that so we will look back
and laugh like Oh remember that time in 2018 the Bitcoin price was only going
moving like $30 a day and everybody was bored supposedly you should not be poor
there's so much there's so much to look forward to but this is this is practice
to strengthen your hand when it does jump around by incredible amounts just
think back to now say like what because one day the future Bitcoin will not be a
volatile asset anymore in terms of terms of dollars you're probably around 2028
or something it's I don't I don't think it's gonna be after 2020 having that's
not gonna make it that's not gonna decrease volatility on
a long-term basis I think I'll be after 2024 if not after 2020 again these are
things I look forward to so no we're not in this new it's not going to be low
volatility or no volatility forever it is it's gonna go crazy again in terms
affion so I don't know if there's anyone predicting saying this is the beginning
of the end of volatility I haven't heard anyone say that yet but just putting it
out there enjoy your vacation from volatility finally finally from Jimmy
song here is an interesting tweet if you leave Bitcoin because you don't like how
you're treated you really don't understand sound money the fact that
enemies use the same money is a feature not a bug and I have you know he really
put it in a nice way there I've said that before that no it's great it's
great day someone you hate can use a Bitcoin to you and get your if people
you hate need to buy a Bitcoin they need to buy a lot they're making you
wealthier if you're a holder that's that's a beautiful thing Bitcoin does
not discriminate this it's not discriminate enemies are going to use
this thing and and no there's no central authorities that could say I hate you
you can't use this it's beautiful no one can stop the most vicious people in the
world from using this thing or the the nicest people in the world from using
this thing and they're gonna have to both deal with it
that there will be people buying drugs with this there are people saving babies
people you know do do it all and again I met doing all sorts of nasty funding
nasty stuff for this but then funding just glorious stuff - hey that's that's
awesome so yeah Thank You Jimmy that's a good way to wrap up the show bang that
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check that out if you're watching this tape i'm adam meister the bitcoinmeister
disrupt meister remember to subscribe this channel like this when you share
this video check out the links section below pound that freaking like button I
will say hello to Victor and and F and based and all these other people that
are in the chat right now see ya
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