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[Music]

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thank you

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foreign

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[Music]

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foreign

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[Music]

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s and salutations friends and welcome

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back to truth Seekers happy to be here

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with you tonight and take a detour of

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sorts from our usual topics many of our

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audience members and listeners have

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asked me uh to cover cryptocurrency but

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me not being any sort of expert though I

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did have some Early Adventures in crypto

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coin mining uh I've kind of shied away

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from that subject

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but you know I found someone that I

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believe knows an incredible he is a

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wealth of information about

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cryptocurrency it's history its

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implications and its technology

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so at that point I thought now we can

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talk about crypto but I want to be very

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clear in saying that first of all I

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don't endorse any cryptocurrency I and

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we are certainly not giving any

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Financial advice if you want Financial

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advice go to a financial uh you know

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counselor who can help you make

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decisions we're not here to do that more

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we are here to discuss and explore the

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technology that is cryptocurrency and

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it's

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worldwide social and economic

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implications into the future

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so without further Ado I'll bring in my

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guests tonight uh Shem Booth Spain good

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to have you here thank you very much

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Stephen it's been a pleasure to join you

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on the show today

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yeah I hope I did enough homework

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[Laughter]

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he's real big on data he's

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he is on data and he can send me hordes

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of it and and to pour through and maybe

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we'll get to sharing some of that

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tonight but I I thought I would ask you

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really like

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to get into some of the history the

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origins first of where this this

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phenomenon came from okay so first of

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all

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um as you've correctly said Stephen this

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isn't about us talking about people to

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buy Bitcoin or buy cryptocurrencies so I

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I'm gonna reiterate what Stephen said

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and said uh by in no means whatsoever

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are we or I or Stephen advocating to buy

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any crypto go and see a financial

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advisor in fact you're probably gonna

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have your cryptocurrency dream decimated

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but once we decimate them we're going to

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build it back on because there has been

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an incredible innovation of blockchain

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technology and it's been lost in the

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plethora of noise and casino style Ponzi

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scene scheme scamming that's that's been

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proliferated through crypto and so I I I

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I give a quick synopsis so I come from

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an arts background and I started Fine

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Art I did a masters in Sonic culture

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began doing a PhD

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um ran out of money I was working in the

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advertising industry for 12 years in

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central London in 2014 I got some BTC

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and I'd be very specific when I talk

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about cryptocurrencies

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um what I would consider Bitcoin as a

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protocol in which a certain set of rules

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is not what Bitcoin is today and we're

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going to break that down we've got

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diagrams and things we can show so this

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isn't about hodling hoodling or holding

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a coin so that people can sell it okay

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with no fundamental utility

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the first thing I was going to say

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actually is just to just for us to kick

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start the conversation why don't you

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quickly say your Bitcoin crypto story

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content oh I make it no yeah we were

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talking about this real quickly in the

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green room I first became aware of

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crypto when there was only you know

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Bitcoin that was the only coin and BTC

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yes BTC so a friend of mine comes to me

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knowing of my interest in building very

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powerful computers and said there's this

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thing called crypto and he gave me sort

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of an overview and an education into BTC

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and how you could mine for the coins and

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they would give you real money for

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computing time that was my initial

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understanding of it and I was also at

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the time happened to be in charge of a

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very large computer network for a

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university so first I began building

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computers in my garage and computer

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networks in my garage to run the Bitcoin

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mining software

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and then I got sort of addicted to this

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free money like this is amazing I I set

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up this program and I run this this

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minor and after enough computational

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Cycles a Bitcoin appears and I get money

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for this and at the time I don't even

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remember what the price was at but it

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was no nothing like it was now but it

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was still to me like exciting so then I

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got the bright idea that there was

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hundreds thousands of computers on this

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University's Network that were doing

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nothing for most of the of the for 16

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hours a day they were in use during the

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day students would come in like to the

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libraries and the research centers where

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there was hundreds of workstations that

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they could use and and then by six

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o'clock at night the whole there was no

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nothing going on on the network so I uh

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started installing Bitcoin mining uh

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clients on every computer across the

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whole university Network and then I

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started mining through that way but very

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quickly the my bosses you know called me

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into their office because they wanted to

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know why all the CPUs were pegged at

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like 90 to 95 percent for 16 hours a day

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and what was going on and uh luckily I

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didn't get prosecuted I almost lost my

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job you know I had to sign a waiver that

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I would what day what date was that if

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you mind me asking oh I don't even

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remember like I said it was the

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beginning of Bitcoin so it would have

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been

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very very very early on in Bitcoin 216

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to 2 24. maybe yeah yeah and then I did

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go back to a strategy I had which was to

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find old

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uh servers that people were replacing

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you know and and kind of like those

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think station servers with Xeon you know

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processors and multi-core processors but

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at some point I gave up because

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everybody jumped into the mining and

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then it became increasingly and

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increasingly more difficult to mine

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effectively especially when you're

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paying for the electricity and and all

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this kind of stuff and at some point the

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electric bill wasn't as much as the the

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crypto earnings every month and at this

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point profitability yeah at this point I

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gave up and lost all interest but I have

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kept tabs on what happened with the

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proliferation of all these different

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coins and with a lot of the Shady Side

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of stuff that happened and what I got

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nervous like I don't know that I want at

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some point things got really really

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stunk yeah they did they did I don't

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want to be involved in this at all yeah

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let me jump in there so so okay so just

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backtrack everyone so

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um obviously in the early days people

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were mining with their laptops all this

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kind of stuff and then special advised

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Hardware Asics

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started to be used and Mining became

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centralized and often people bound a lot

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of terminology around decentralized as a

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magic word and actually only nine major

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mining pools or miners support the BTC

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Network at the moment let me just kind

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of just get as much information out and

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then we're backtrack and and glide over

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it so

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um many people don't actually know that

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the BTC protocol the code that makes up

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the DNA of B of so-called Bitcoin but I

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call it by what is ticker is which is

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BTC has actually morphed over the years

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so it's been Frankenstein so the op

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codes which enabled functionality and

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and BTC has moved from a electronic cash

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Network and I'd actually implore people

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to read the white paper because

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um the white paper sets out the

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parameters of the protocol and what's

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happened is it's essentially Stephen

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been frankensteined over the years so

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um you're here by uh crypto influencers

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say oh yeah decentralized store of gold

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well um as we know a speculative asset

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if it has no underlining utility no

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usage

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um then it has no real value because

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essentially what it is is a speculative

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asset right so BTC currently does around

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three transactions a second which is

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absolutely dismal right and and there's

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actually of the history of over the

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years the centralized developers

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um change the protocol and a company

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called block stream essentially uh

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subverted the the the coding of Bitcoin

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Stephen and what that's led to is is a

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valetik booterinu is the founder of uh

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ethereum forking away from Bitcoin to do

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smart contracts and the so-called

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Bitcoin computer which they Proclaim

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ethereum to do ethereum does eight

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transactions a second right and

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obviously people were incentivized by

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profit making and we so the Bitcoin

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dream the blockchain dream Stephen of of

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people building a financial uh payment

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Network for the humanity has kind of

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been washed away and replaced by a

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Casino Royal of myriad of different

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coins right and and you know and and I'd

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like to bring some diagrams if that's up

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if if that's okay with you mate yeah

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sure absolutely so let's just we're

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gonna have a tour people and uh Stephen

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you just stopped me and asked questions

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that sort of thing and the troll box

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feel free to jump in so

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um I don't know if you can see at the

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moment so so on the right here I've

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actually got a map of the different

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protocol changes that happen where

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Litecoin and Dodge Coin and ethereum and

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nearly you know we've got about 11 000

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coins that have separated yeah and and

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what happened was there was an argument

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a very famous argument about scaling BTC

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and and what happened was was that the

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developers and people that that were

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self-interests in keeping the The Mining

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and the control of Bitcoin right they

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they we've held the scalability of that

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right I don't want to get into the drama

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of all that stuff I'm sure there's lots

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of trolls out there yeah there's there's

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certainly a lot of interesting

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characters involved in cryptocurrency

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right there is but but the key point is

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is about unlocking the scalability and

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the people that wanted to keep the block

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size of how many transactions in one

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block they wanted to keep it at one

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megabyte whereas in the white paper it's

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set about increasing the scale of

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Bitcoin so it wouldn't be be on little

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little raspberry pies in bedrooms yeah

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it would be on huge server Farms that

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could Farm massive amounts of

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transactions are you listening here

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people because it's going to get deeper

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right we're just getting to the edge of

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the rabbit hole right

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so so what's happened at the moment is

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is that um Bitcoin cash forked away from

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BTC

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um and and what happened was that they

277
00:13:26,690 --> 00:13:24,060
kept the principles of the original

278
00:13:29,150 --> 00:13:26,700
Bitcoin protocol in the a cash-like

279
00:13:32,030 --> 00:13:29,160
quality right and then what happened was

280
00:13:34,730 --> 00:13:32,040
about two two and a bit years ago

281
00:13:37,310 --> 00:13:34,740
Bitcoin cash wanted to add some

282
00:13:39,710 --> 00:13:37,320
contentious protocol changes uh

283
00:13:41,990 --> 00:13:39,720
Avalanche sea tour and these

284
00:13:44,210 --> 00:13:42,000
Technologies would have changed the the

285
00:13:46,730 --> 00:13:44,220
DNA the structure of the original

286
00:13:49,250 --> 00:13:46,740
Bitcoin the genuine Bitcoin if you make

287
00:13:52,250 --> 00:13:49,260
if if you like right so what happened

288
00:13:54,410 --> 00:13:52,260
was is that the people within that that

289
00:13:56,210 --> 00:13:54,420
group of Bitcoin cash they they had a

290
00:13:59,269 --> 00:13:56,220
hash War we'd talk about that that's

291
00:14:01,910 --> 00:13:59,279
where different miners compete right and

292
00:14:04,129 --> 00:14:01,920
and they forked away so they forked away

293
00:14:07,550 --> 00:14:04,139
from Bitcoin cash and essentially

294
00:14:09,350 --> 00:14:07,560
Stephen restored Bitcoin back to the

295
00:14:11,870 --> 00:14:09,360
original protocol they called that the

296
00:14:13,490 --> 00:14:11,880
returning of Genesis basically uh

297
00:14:17,530 --> 00:14:13,500
enabling all the DNA that enable

298
00:14:21,470 --> 00:14:17,540
people's smart contracts programmability

299
00:14:24,050 --> 00:14:21,480
scalability and things like tokens AI

300
00:14:26,750 --> 00:14:24,060
virtual reality on chain when I use the

301
00:14:28,790 --> 00:14:26,760
term on chain what we mean is on on a

302
00:14:30,350 --> 00:14:28,800
blockchain on Bitcoin now a lot of

303
00:14:33,350 --> 00:14:30,360
people you might see this chart up in

304
00:14:35,030 --> 00:14:33,360
front of us you'd think well BTC is the

305
00:14:37,129 --> 00:14:35,040
most expensive coin so it's got to be

306
00:14:39,710 --> 00:14:37,139
the best right but we're in a

307
00:14:42,889 --> 00:14:39,720
topsy-turvy mirage world where if you

308
00:14:45,470 --> 00:14:42,899
added up all these uh um market caps

309
00:14:47,750 --> 00:14:45,480
they'd amount to a ridiculous ludicrous

310
00:14:49,910 --> 00:14:47,760
amount of money right and a lot of these

311
00:14:52,610 --> 00:14:49,920
are speculative assets and securities

312
00:14:55,670 --> 00:14:52,620
and we know that the hand of law is slow

313
00:14:57,829 --> 00:14:55,680
and methodical grinds very slowly yeah

314
00:15:01,009 --> 00:14:57,839
isn't there isn't there complicated

315
00:15:03,050 --> 00:15:01,019
issues because some countries may allow

316
00:15:04,910 --> 00:15:03,060
certain things in other countries may

317
00:15:07,430 --> 00:15:04,920
not allow certain things well I'm not a

318
00:15:10,250 --> 00:15:07,440
legal expert but but there is security

319
00:15:12,889 --> 00:15:10,260
is Rule uh law where you can't just make

320
00:15:14,750 --> 00:15:12,899
a token and say right each token's one

321
00:15:16,970 --> 00:15:14,760
dollar so now we've got a billion dollar

322
00:15:19,730 --> 00:15:16,980
company me and Steve create a

323
00:15:21,590 --> 00:15:19,740
cryptocurrency truth Seekers uh crypto

324
00:15:23,629 --> 00:15:21,600
coin you know and then say each coin is

325
00:15:24,769 --> 00:15:23,639
a billion uh one dollar and then sell

326
00:15:26,930 --> 00:15:24,779
them and then we've got a billion dollar

327
00:15:29,090 --> 00:15:26,940
crypto company and that's been happening

328
00:15:31,009 --> 00:15:29,100
and there's things like Teva right which

329
00:15:33,650 --> 00:15:31,019
is number three in this kind of charts

330
00:15:36,110 --> 00:15:33,660
here right which is which is currently

331
00:15:38,810 --> 00:15:36,120
being run through the SEC there's loads

332
00:15:42,290 --> 00:15:38,820
of uh scamminess I mean I'd be quite

333
00:15:43,790 --> 00:15:42,300
brutal people you know people buy all

334
00:15:45,410 --> 00:15:43,800
these different coins with no

335
00:15:47,150 --> 00:15:45,420
understanding of the underlying in

336
00:15:48,949 --> 00:15:47,160
utility a lot of these coins can't be

337
00:15:51,650 --> 00:15:48,959
used can't be

338
00:15:52,790 --> 00:15:51,660
um used in any way whatsoever right and

339
00:15:55,189 --> 00:15:52,800
that's a bit of a dangerous thing

340
00:15:58,910 --> 00:15:55,199
because you know think about it think of

341
00:16:01,850 --> 00:15:58,920
how many people of um essentially lost

342
00:16:03,650 --> 00:16:01,860
money you know and 95 of Traders lose

343
00:16:05,329 --> 00:16:03,660
money and everyone is chasing this oh

344
00:16:07,610 --> 00:16:05,339
this coin's going up so it's the best

345
00:16:10,189 --> 00:16:07,620
coin but everyone's lost the principle

346
00:16:12,769 --> 00:16:10,199
of what this blockchain technology is

347
00:16:15,590 --> 00:16:12,779
capable of doing I I would actually like

348
00:16:17,949 --> 00:16:15,600
to show a quick video right this is a

349
00:16:19,970 --> 00:16:17,959
one minute video that summarizes

350
00:16:22,009 --> 00:16:19,980
completely what we're going to be

351
00:16:24,290 --> 00:16:22,019
talking about further down the rabbit

352
00:16:27,050 --> 00:16:24,300
holes let me play this

353
00:16:30,230 --> 00:16:27,060
oh you got to Click Share audio try

354
00:16:36,590 --> 00:16:32,769
hold them

355
00:16:39,769 --> 00:16:36,600
share audio here I'll remove it try a

356
00:16:41,569 --> 00:16:39,779
new share and then uh you there's a

357
00:16:44,389 --> 00:16:41,579
button at the bottom that says share

358
00:16:46,850 --> 00:16:44,399
audio so you want to share browser Tab

359
00:16:48,829 --> 00:16:46,860
and then click share audio and go to the

360
00:16:50,150 --> 00:16:48,839
video tab

361
00:16:55,490 --> 00:16:50,160
come on I'll be able to do that let's

362
00:16:58,910 --> 00:16:57,290
oh there we go

363
00:17:00,410 --> 00:16:58,920
there we go we're going to be this

364
00:17:01,970 --> 00:17:00,420
button is the bane of my existence I

365
00:17:04,490 --> 00:17:01,980
forget to Click Share audio all the time

366
00:17:05,689 --> 00:17:04,500
the pain of our existence later they

367
00:17:07,909 --> 00:17:05,699
won't change it the people that make

368
00:17:11,510 --> 00:17:07,919
this software won't you so so Calvin air

369
00:17:14,510 --> 00:17:11,520
is a incredible entrepreneur billionaire

370
00:17:16,669 --> 00:17:14,520
um businessman and and founder of Tau

371
00:17:19,490 --> 00:17:16,679
mining I believe Tau mining is one of

372
00:17:22,490 --> 00:17:19,500
the largest Bitcoin uh miners in the

373
00:17:24,590 --> 00:17:22,500
world who generate massive amounts and

374
00:17:26,990 --> 00:17:24,600
process massive amounts of transactions

375
00:17:28,970 --> 00:17:27,000
and Bitcoin mining has evolved from you

376
00:17:31,850 --> 00:17:28,980
know small computers in universities

377
00:17:35,150 --> 00:17:31,860
Becky parts and Stephen it's now in huge

378
00:17:37,130 --> 00:17:35,160
Power Station Farms where transaction

379
00:17:40,430 --> 00:17:37,140
processing from different applications

380
00:17:42,590 --> 00:17:40,440
is done now this can't be done on BTC

381
00:17:44,570 --> 00:17:42,600
and Bitcoin cash because the only uh

382
00:17:46,610 --> 00:17:44,580
process a small amount of transactions

383
00:17:49,909 --> 00:17:46,620
but the world we're heading towards

384
00:17:52,430 --> 00:17:49,919
where a globally

385
00:17:54,590 --> 00:17:52,440
um massive payment network with an

386
00:17:56,450 --> 00:17:54,600
internet rolled all into one is where

387
00:17:58,190 --> 00:17:56,460
this technology leads to ladies and

388
00:17:59,750 --> 00:17:58,200
gentlemen so I do want to play this

389
00:18:03,289 --> 00:17:59,760
short video to give you some context

390
00:18:04,909 --> 00:18:03,299
right bsp also because of how much it

391
00:18:06,230 --> 00:18:04,919
scales is the best platform for putting

392
00:18:07,430 --> 00:18:06,240
stable coins on and you'll see that's

393
00:18:09,950 --> 00:18:07,440
starting to happen over the next 12

394
00:18:11,750 --> 00:18:09,960
months and eventually all stable coins

395
00:18:14,570 --> 00:18:11,760
will be on DSP because of how it scales

396
00:18:16,909 --> 00:18:14,580
but the reality is that as vsd becomes

397
00:18:19,850 --> 00:18:16,919
more and more dominant and in fact eats

398
00:18:22,010 --> 00:18:19,860
the world as I like to say PC itself the

399
00:18:23,570 --> 00:18:22,020
native token becomes a stable coin just

400
00:18:27,529 --> 00:18:23,580
from the law of big numbers

401
00:18:29,990 --> 00:18:27,539
well because bsv scales infinitely

402
00:18:32,450 --> 00:18:30,000
every country in the world could

403
00:18:35,570 --> 00:18:32,460
actually operate their Central Bank

404
00:18:37,310 --> 00:18:35,580
currency digital currency on top of bsv

405
00:18:39,710 --> 00:18:37,320
in addition to all the other stuff PSP

406
00:18:43,190 --> 00:18:39,720
and there's a lot to digest he said CBC

407
00:18:45,470 --> 00:18:43,200
CB CDs which is government-backed Fiat

408
00:18:46,730 --> 00:18:45,480
currencies based on blockchain and that

409
00:18:48,350 --> 00:18:46,740
could only be done and I know it's one

410
00:18:51,049 --> 00:18:48,360
of the people going oh Shilling bsv

411
00:18:53,090 --> 00:18:51,059
right so I just want to say ladies and

412
00:18:55,789 --> 00:18:53,100
gentlemen that that I'm not here to show

413
00:18:57,950 --> 00:18:55,799
bsv I'm talking about the real technical

414
00:19:00,529 --> 00:18:57,960
fundamentals of what is occurring in the

415
00:19:02,570 --> 00:19:00,539
cryptocurrency uh market and I wouldn't

416
00:19:07,370 --> 00:19:02,580
say that Bitcoin and when I say Bitcoin

417
00:19:09,169 --> 00:19:07,380
I actually don't refer to uh um BTC as

418
00:19:11,510 --> 00:19:09,179
Bitcoin because the protocol has been

419
00:19:12,770 --> 00:19:11,520
morphed over the years anyone that used

420
00:19:15,890 --> 00:19:12,780
Bitcoin

421
00:19:17,870 --> 00:19:15,900
um or BTC in you know in the early days

422
00:19:20,870 --> 00:19:17,880
knows that it did instant zero

423
00:19:23,690 --> 00:19:20,880
confirmation transactions it had um the

424
00:19:26,210 --> 00:19:23,700
ability to scale and the operational

425
00:19:29,029 --> 00:19:26,220
codes that allowed it to do all sorts of

426
00:19:31,730 --> 00:19:29,039
kind of Wizardry were were essentially

427
00:19:33,950 --> 00:19:31,740
cut out as the years went by right so if

428
00:19:36,590 --> 00:19:33,960
people were just interested in number go

429
00:19:38,390 --> 00:19:36,600
up yeah that's losing the essence of the

430
00:19:40,610 --> 00:19:38,400
blockchain Revolution that's losing the

431
00:19:44,330 --> 00:19:40,620
the superpowers of what Bitcoin can be

432
00:19:46,850 --> 00:19:44,340
right and also I want to talk about

433
00:19:50,090 --> 00:19:46,860
um the Energy Efficiency because

434
00:19:52,130 --> 00:19:50,100
um when the input of when you when it

435
00:19:54,409 --> 00:19:52,140
takes a lot of mining power to generate

436
00:19:56,029 --> 00:19:54,419
a small amount of transactions then

437
00:19:59,270 --> 00:19:56,039
essentially you're looking at a very

438
00:20:01,549 --> 00:19:59,280
energy intensive blockchain and here on

439
00:20:04,130 --> 00:20:01,559
this chart is a comparison of the proof

440
00:20:05,750 --> 00:20:04,140
of work blockchains okay so you can see

441
00:20:08,390 --> 00:20:05,760
that BTC

442
00:20:13,070 --> 00:20:08,400
um is taking about 87 megawatts right

443
00:20:15,649 --> 00:20:13,080
and um you know look in terms of the the

444
00:20:18,110 --> 00:20:15,659
throughput I mean you're looking at bsv

445
00:20:20,570 --> 00:20:18,120
doing currently today 100

446
00:20:23,270 --> 00:20:20,580
000 transactions a second and the reason

447
00:20:26,090 --> 00:20:23,280
why that bsv is able to scale is because

448
00:20:28,970 --> 00:20:26,100
it's Network topology is the same as the

449
00:20:31,490 --> 00:20:28,980
original Bitcoin protocol right and what

450
00:20:33,350 --> 00:20:31,500
I mean by that is BTC has morphed into a

451
00:20:36,110 --> 00:20:33,360
mesh Network where raspberry Piers

452
00:20:38,409 --> 00:20:36,120
validate the network and uh in the

453
00:20:41,510 --> 00:20:38,419
rather than a big fan of Raspberry Pi

454
00:20:43,610 --> 00:20:41,520
well I'm I you know a Raspberry Pi has

455
00:20:47,690 --> 00:20:43,620
its use but if we're talking about a

456
00:20:50,570 --> 00:20:47,700
global uh Interstellar potentially uh

457
00:20:53,029 --> 00:20:50,580
payment network with an internet rolled

458
00:20:54,110 --> 00:20:53,039
in at the same then then as raspberry

459
00:20:56,990 --> 00:20:54,120
Piers just ain't going to cut the

460
00:20:59,270 --> 00:20:57,000
mustard and there's a saying as well

461
00:21:00,770 --> 00:20:59,280
um an internet built on bitcoin and what

462
00:21:02,750 --> 00:21:00,780
that means is

463
00:21:04,909 --> 00:21:02,760
um I I was one of the first people to

464
00:21:08,690 --> 00:21:04,919
and there's many others out there um

465
00:21:10,789 --> 00:21:08,700
that uploaded audio files onto the bsv

466
00:21:12,590 --> 00:21:10,799
blockchain right and what that means is

467
00:21:15,770 --> 00:21:12,600
think about if you can upload audio

468
00:21:18,529 --> 00:21:15,780
files video files content on and

469
00:21:21,289 --> 00:21:18,539
websites onto the blockchain then you

470
00:21:23,270 --> 00:21:21,299
don't need a traditional internet so

471
00:21:25,549 --> 00:21:23,280
we're talking about a whole new Next

472
00:21:27,549 --> 00:21:25,559
Generation internet that is emerging at

473
00:21:30,289 --> 00:21:27,559
this moment right and this is so

474
00:21:33,710 --> 00:21:30,299
massively powerful Beyond just simple

475
00:21:37,070 --> 00:21:33,720
money or a so-called store of

476
00:21:39,649 --> 00:21:37,080
um a store of value

477
00:21:41,930 --> 00:21:39,659
um and uh and someone says transactions

478
00:21:43,549 --> 00:21:41,940
done on bsv are done by devs of their

479
00:21:45,470 --> 00:21:43,559
apps not actual users it's all smoke

480
00:21:46,789 --> 00:21:45,480
mirrors that's not true at all and we're

481
00:21:48,230 --> 00:21:46,799
actually look at the network traffic

482
00:21:50,390 --> 00:21:48,240
running through

483
00:21:52,909 --> 00:21:50,400
um in a moment okay and the reason why

484
00:21:55,850 --> 00:21:52,919
that's that's not true is because

485
00:21:59,149 --> 00:21:55,860
um a number of applications that the

486
00:22:01,130 --> 00:21:59,159
Wallets on bsv allow things like zero

487
00:22:03,049 --> 00:22:01,140
confirmation transactions they allow the

488
00:22:05,750 --> 00:22:03,059
ability for people to be able to do

489
00:22:08,810 --> 00:22:05,760
human to human transactions but the the

490
00:22:11,690 --> 00:22:08,820
the beauty of original real Bitcoin

491
00:22:13,669 --> 00:22:11,700
right it's not just about human to human

492
00:22:15,649 --> 00:22:13,679
it's machine to machine it's

493
00:22:18,470 --> 00:22:15,659
applications decentralized applications

494
00:22:20,270 --> 00:22:18,480
so with ethereum you could be building

495
00:22:22,669 --> 00:22:20,280
applications but if you can't do a

496
00:22:25,310 --> 00:22:22,679
transaction because it costs 15 to do a

497
00:22:27,409 --> 00:22:25,320
transaction then your application ain't

498
00:22:29,029 --> 00:22:27,419
going to be able to work efficiently so

499
00:22:32,270 --> 00:22:29,039
just for instance ladies and gentlemen

500
00:22:34,250 --> 00:22:32,280
I'm the CEO and my my business partner

501
00:22:35,750 --> 00:22:34,260
as well is in the chat as well

502
00:22:38,570 --> 00:22:35,760
um we're building a Next Generation

503
00:22:40,010 --> 00:22:38,580
music streaming platform on bsv that

504
00:22:43,549 --> 00:22:40,020
pays artists

505
00:22:45,230 --> 00:22:43,559
um instantly split payments all sorts of

506
00:22:48,409 --> 00:22:45,240
Wizardry and we wouldn't be able to do

507
00:22:50,570 --> 00:22:48,419
that on ethereum or BTC BTC because it

508
00:22:52,909 --> 00:22:50,580
hasn't got any of the DNA of the

509
00:22:54,649 --> 00:22:52,919
original Bitcoin right but that has been

510
00:22:57,590 --> 00:22:54,659
re-enabled on bsv so I'm talking

511
00:23:00,350 --> 00:22:57,600
technological fact and I'm talking the

512
00:23:03,409 --> 00:23:00,360
the the cold reality you know people are

513
00:23:05,210 --> 00:23:03,419
very uh mobilized by the financial gain

514
00:23:07,909 --> 00:23:05,220
of cryptocurrencies oh our numbers going

515
00:23:09,890 --> 00:23:07,919
up or this is the new coin Stephen so

516
00:23:11,330 --> 00:23:09,900
I'm going to buy into that right

517
00:23:13,070 --> 00:23:11,340
whereas they're not actually

518
00:23:15,830 --> 00:23:13,080
understanding any of the technical

519
00:23:17,330 --> 00:23:15,840
fundamentals so this is a very important

520
00:23:18,890 --> 00:23:17,340
chart as well I want to show you guys

521
00:23:22,250 --> 00:23:18,900
and I want you to pay attention because

522
00:23:24,710 --> 00:23:22,260
here we've got a comparison of the four

523
00:23:26,870 --> 00:23:24,720
Shar coins so I bet you would have loved

524
00:23:29,570 --> 00:23:26,880
a chart like this a few years ago when

525
00:23:33,169 --> 00:23:29,580
he was running this basically shows on

526
00:23:36,409 --> 00:23:33,179
the left here BTC it shows 98 of all

527
00:23:39,049 --> 00:23:36,419
Shah miners Stephen are on BTC right

528
00:23:40,669 --> 00:23:39,059
they're all mining

529
00:23:45,409 --> 00:23:40,679
um

530
00:23:48,830 --> 00:23:45,419
look at the transactions that are coming

531
00:23:50,990 --> 00:23:48,840
through so 28.63 of transactions are

532
00:23:53,149 --> 00:23:51,000
coming through yeah and and the block

533
00:23:55,430 --> 00:23:53,159
sizes right and there's about nine

534
00:23:58,190 --> 00:23:55,440
different miners on that Network right

535
00:23:59,810 --> 00:23:58,200
and as we've seen from the energy

536
00:24:01,430 --> 00:23:59,820
consumption

537
00:24:03,830 --> 00:24:01,440
um chart that I showed you a moment ago

538
00:24:04,970 --> 00:24:03,840
which is all scientific provable facts

539
00:24:06,830 --> 00:24:04,980
right

540
00:24:09,649 --> 00:24:06,840
um you know this isn't an efficient

541
00:24:11,570 --> 00:24:09,659
Network whereas if we look at Bitcoin

542
00:24:14,210 --> 00:24:11,580
cash for instance you know there's

543
00:24:16,070 --> 00:24:14,220
there's three different miners mine in

544
00:24:18,649 --> 00:24:16,080
the network and they're not generating

545
00:24:21,830 --> 00:24:18,659
hardly any transactions right all

546
00:24:24,409 --> 00:24:21,840
Network nodes or hash rate right but

547
00:24:26,390 --> 00:24:24,419
it's clearly the red and the yellow

548
00:24:28,730 --> 00:24:26,400
happening here so let me explain what's

549
00:24:32,810 --> 00:24:28,740
Happening Here ladies and gentlemen bsv

550
00:24:35,810 --> 00:24:32,820
right it's got 0.27 of the hash rate so

551
00:24:37,549 --> 00:24:35,820
that means 0.27 of all the Bitcoin

552
00:24:39,710 --> 00:24:37,559
miners in the world and mine in this

553
00:24:42,230 --> 00:24:39,720
coin right and look how many transact

554
00:24:43,909 --> 00:24:42,240
actions they are accounting for and look

555
00:24:45,769 --> 00:24:43,919
how much of the block size is that's

556
00:24:47,690 --> 00:24:45,779
every 10 minutes the heartbeat of

557
00:24:50,210 --> 00:24:47,700
Bitcoin yet a new block is generated

558
00:24:52,130 --> 00:24:50,220
with transactions in there now this is

559
00:24:53,690 --> 00:24:52,140
where is going to get a bit techy ladies

560
00:24:55,909 --> 00:24:53,700
and gentlemen so forgive me and I'm not

561
00:24:57,529 --> 00:24:55,919
the best technical person by any means

562
00:24:59,870 --> 00:24:57,539
in the world but I'm going to try to

563
00:25:02,750 --> 00:24:59,880
break this down to you something really

564
00:25:06,049 --> 00:25:02,760
incredible happened recently

565
00:25:08,930 --> 00:25:06,059
every 10 minutes the miners compete to

566
00:25:11,510 --> 00:25:08,940
to validate the block to receive the

567
00:25:15,289 --> 00:25:11,520
reward right so here you can see on the

568
00:25:17,930 --> 00:25:15,299
left one minute ago f2p pool mined block

569
00:25:20,870 --> 00:25:17,940
on the BTC Network now they they

570
00:25:22,610 --> 00:25:20,880
received a few BTC or whatnot for the

571
00:25:24,230 --> 00:25:22,620
reward of doing that just like you did

572
00:25:25,430 --> 00:25:24,240
Stephen when he was a Bitcoin miner

573
00:25:26,990 --> 00:25:25,440
you're waiting for those coins you're

574
00:25:28,610 --> 00:25:27,000
getting all your hash rate on there

575
00:25:30,289 --> 00:25:28,620
you've got loads of computer power

576
00:25:33,010 --> 00:25:30,299
you're rubbing your hands together

577
00:25:37,010 --> 00:25:33,020
collecting those btc's right

578
00:25:39,529 --> 00:25:37,020
but what happens on bsv is and this is

579
00:25:41,330 --> 00:25:39,539
the correct Network topology as per the

580
00:25:43,310 --> 00:25:41,340
Bitcoin white paper and this is a trend

581
00:25:46,010 --> 00:25:43,320
you're going to be seeing

582
00:25:47,810 --> 00:25:46,020
um more and more as time goes by and

583
00:25:48,890 --> 00:25:47,820
it's and there's plenty of chance we can

584
00:25:50,630 --> 00:25:48,900
look about I don't want to bore everyone

585
00:25:52,610 --> 00:25:50,640
but I want people to pay attention right

586
00:25:55,850 --> 00:25:52,620
not only do

587
00:25:59,269 --> 00:25:55,860
miners make money from block rewards on

588
00:26:02,390 --> 00:25:59,279
bsv but they make money through uh

589
00:26:05,450 --> 00:26:02,400
validating transactions so if I've got a

590
00:26:08,450 --> 00:26:05,460
music app like my company blaircast that

591
00:26:10,850 --> 00:26:08,460
generates music transactions yeah so we

592
00:26:12,950 --> 00:26:10,860
send machine to machine app transactions

593
00:26:15,470 --> 00:26:12,960
yeah and they're validated by a miner

594
00:26:17,930 --> 00:26:15,480
not only does the miner make a reward

595
00:26:19,549 --> 00:26:17,940
with the block through the traditional

596
00:26:22,789 --> 00:26:19,559
mechanism but they make transaction

597
00:26:24,649 --> 00:26:22,799
rewards now over time the block reward

598
00:26:27,169 --> 00:26:24,659
is hardening so it's called The Harvard

599
00:26:29,510 --> 00:26:27,179
what happens is you make as time goes by

600
00:26:31,789 --> 00:26:29,520
the the BTC Network and the other

601
00:26:34,549 --> 00:26:31,799
networks right they make less and less

602
00:26:36,830 --> 00:26:34,559
money as time goes by and eventually the

603
00:26:39,409 --> 00:26:36,840
price won't be supported by the the

604
00:26:41,110 --> 00:26:39,419
reward that the miners get and what

605
00:26:44,930 --> 00:26:41,120
happens when you don't make enough money

606
00:26:47,450 --> 00:26:44,940
mining Stephen you quit yeah exactly and

607
00:26:49,490 --> 00:26:47,460
what happens to the network when the

608
00:26:50,750 --> 00:26:49,500
miners fall off chain can you answer

609
00:26:53,029 --> 00:26:50,760
that

610
00:26:54,289 --> 00:26:53,039
no I can't I don't know it's something

611
00:26:56,810 --> 00:26:54,299
called chain death

612
00:27:00,350 --> 00:26:56,820
because if the miners

613
00:27:01,730 --> 00:27:00,360
um have no uh profit or they have no

614
00:27:03,470 --> 00:27:01,740
incentive to mine the network and

615
00:27:05,930 --> 00:27:03,480
they're just wasting electricity then

616
00:27:09,110 --> 00:27:05,940
the transactions start not going through

617
00:27:12,950 --> 00:27:09,120
so basically what happened recently was

618
00:27:15,409 --> 00:27:12,960
that miners on bsv received more value

619
00:27:18,169 --> 00:27:15,419
from the transactions than they did the

620
00:27:20,149 --> 00:27:18,179
block reward and if this trend keeps on

621
00:27:22,610 --> 00:27:20,159
continuing then it's going to be more

622
00:27:25,250 --> 00:27:22,620
valuable for the other Bitcoin miners on

623
00:27:28,010 --> 00:27:25,260
the other three chains to mine on bsv

624
00:27:29,810 --> 00:27:28,020
ladies and gentlemen yeah so this is a

625
00:27:32,029 --> 00:27:29,820
metric that we're looking at a technical

626
00:27:35,090 --> 00:27:32,039
fundamental where the other coins could

627
00:27:38,029 --> 00:27:35,100
end up breaking yeah because the the

628
00:27:41,330 --> 00:27:38,039
price and yeah Bitcoin well someone said

629
00:27:44,210 --> 00:27:41,340
to our bsvp rewards around 800 uh

630
00:27:46,130 --> 00:27:44,220
Bitcoin blocks uh BTC blocks have around

631
00:27:48,169 --> 00:27:46,140
three hundred thousand dollars yeah but

632
00:27:50,870 --> 00:27:48,179
what happens in 18 months time when

633
00:27:54,710 --> 00:27:50,880
there's so many applications on bsv that

634
00:27:56,510 --> 00:27:54,720
that 300 000 is 600 000 on bsv you yeah

635
00:27:58,549 --> 00:27:56,520
so this is what people have got to look

636
00:28:01,070 --> 00:27:58,559
at because the metric of the block

637
00:28:04,130 --> 00:28:01,080
rewards occurring over time is growing

638
00:28:05,690 --> 00:28:04,140
on bsv in terms of the amount of

639
00:28:07,549 --> 00:28:05,700
applications so take a look at this

640
00:28:09,110 --> 00:28:07,559
chart down on the bottom right this is

641
00:28:11,750 --> 00:28:09,120
the accumulated Bitcoin blockchain

642
00:28:14,570 --> 00:28:11,760
growth hold on sorry

643
00:28:17,269 --> 00:28:14,580
this is the accumulated Bitcoin beat uh

644
00:28:21,409 --> 00:28:17,279
Bitcoin this is the amount of data going

645
00:28:24,350 --> 00:28:21,419
on the blockchains yeah now because BTC

646
00:28:27,409 --> 00:28:24,360
can't scale it does three transactions a

647
00:28:30,169 --> 00:28:27,419
second it used to be able to scale but

648
00:28:33,830 --> 00:28:30,179
it doesn't know more right whereas we've

649
00:28:35,930 --> 00:28:33,840
got this continued growth on bsv and

650
00:28:39,470 --> 00:28:35,940
it's keeping and going and it's real

651
00:28:41,330 --> 00:28:39,480
usage here we've got a bit of a uh an

652
00:28:44,450 --> 00:28:41,340
interesting chart where someone was

653
00:28:47,029 --> 00:28:44,460
jumping in the block sizes on BTC they

654
00:28:50,570 --> 00:28:47,039
have no real usage because you can only

655
00:28:52,450 --> 00:28:50,580
do 300 000 transactions a day on BTC

656
00:28:55,850 --> 00:28:52,460
right

657
00:28:58,730 --> 00:28:55,860
also the scalability of the network how

658
00:29:01,250 --> 00:28:58,740
can BTC compete with visa when it does

659
00:29:04,430 --> 00:29:01,260
three transactions a second

660
00:29:07,610 --> 00:29:04,440
when bsv used to do 50 000 a few months

661
00:29:09,889 --> 00:29:07,620
ago but as as broken its record 100 000

662
00:29:12,529 --> 00:29:09,899
transactions a second right and what

663
00:29:14,389 --> 00:29:12,539
happens when it's 1 million transactions

664
00:29:16,610 --> 00:29:14,399
a second next year which they're aiming

665
00:29:19,730 --> 00:29:16,620
to achieve Stephen yeah

666
00:29:24,230 --> 00:29:19,740
Visa is in the smoke is in the rear view

667
00:29:25,669 --> 00:29:24,240
mirror yeah metaphorically okay

668
00:29:28,730 --> 00:29:25,679
also

669
00:29:31,250 --> 00:29:28,740
um I want to jump on to the fact that at

670
00:29:33,889 --> 00:29:31,260
the moment there is an important case in

671
00:29:36,350 --> 00:29:33,899
[\h__\h] the crypto uh universe that isn't

672
00:29:38,090 --> 00:29:36,360
discussed a lot which is dot Craig

673
00:29:41,210 --> 00:29:38,100
Wright dot Craig Wright is an Australian

674
00:29:43,190 --> 00:29:41,220
polymath with over 20 degrees he's an in

675
00:29:45,049 --> 00:29:43,200
very intelligent person he's been in the

676
00:29:48,409 --> 00:29:45,059
crypto Bitcoin space

677
00:29:51,350 --> 00:29:48,419
um since the very Dawn and there is a a

678
00:29:53,149 --> 00:29:51,360
a case where he is is

679
00:29:54,529 --> 00:29:53,159
um basically

680
00:30:01,190 --> 00:29:54,539
um

681
00:30:04,490 --> 00:30:01,200
probably not going to do this as well

682
00:30:07,430 --> 00:30:04,500
but he's in court basically to to prove

683
00:30:09,230 --> 00:30:07,440
that he's Satoshi Nakamoto and to

684
00:30:11,990 --> 00:30:09,240
there's something called the Tulip trust

685
00:30:14,450 --> 00:30:12,000
are you familiar with tulip trust no not

686
00:30:17,210 --> 00:30:14,460
familiar at all so with the with the

687
00:30:20,149 --> 00:30:17,220
named you know so at the very early days

688
00:30:22,250 --> 00:30:20,159
of Bitcoin BTC right literally within

689
00:30:24,950 --> 00:30:22,260
the first couple of months right

690
00:30:27,110 --> 00:30:24,960
um Satoshi Nakamoto the supposed founder

691
00:30:29,330 --> 00:30:27,120
of Bitcoin well we know he's the

692
00:30:32,570 --> 00:30:29,340
supposedly founder of Bitcoin he mined

693
00:30:34,789 --> 00:30:32,580
one million BTC and then he put him in a

694
00:30:36,830 --> 00:30:34,799
trust called the Tulip trust and that

695
00:30:39,470 --> 00:30:36,840
means if you ever Fork of the BTC

696
00:30:42,409 --> 00:30:39,480
Network right then that means if you've

697
00:30:45,110 --> 00:30:42,419
got a million BTC you can smash down any

698
00:30:48,350 --> 00:30:45,120
other Fork of the coin yeah and Dot

699
00:30:50,810 --> 00:30:48,360
Craig Wright is in court and um to to

700
00:30:52,850 --> 00:30:50,820
and there he's arguing with the brother

701
00:30:54,769 --> 00:30:52,860
of one of the people that he worked with

702
00:30:56,810 --> 00:30:54,779
about out

703
00:30:58,430 --> 00:30:56,820
um they want half of the coins this

704
00:31:00,649 --> 00:30:58,440
thought you know you're not in a court

705
00:31:02,870 --> 00:31:00,659
case unless you're the person involved

706
00:31:05,690 --> 00:31:02,880
in that from the very beginning Dr Craig

707
00:31:09,289 --> 00:31:05,700
Wright also explained about touring

708
00:31:12,710 --> 00:31:09,299
completeness on Bitcoin in 2000 and I

709
00:31:14,870 --> 00:31:12,720
think it was uh 14 or 15 and was laughed

710
00:31:18,230 --> 00:31:14,880
out the room in the conference right and

711
00:31:18,950 --> 00:31:18,240
and recently we had a touring complete

712
00:31:22,250 --> 00:31:18,960
um

713
00:31:23,389 --> 00:31:22,260
down so the the person ain't gonna like

714
00:31:24,889 --> 00:31:23,399
that one I'll get to the lightning

715
00:31:28,070 --> 00:31:24,899
Network because lightning network is

716
00:31:30,889 --> 00:31:28,080
nothing to do with it's a proof-of-stake

717
00:31:34,009 --> 00:31:30,899
mesh Network that is not a blockchain

718
00:31:35,750 --> 00:31:34,019
and when you use lightning Network you

719
00:31:37,970 --> 00:31:35,760
destroy the fundamental value of the

720
00:31:41,509 --> 00:31:37,980
underlying currency so anyone talking

721
00:31:43,009 --> 00:31:41,519
about Salvador and the the the problems

722
00:31:45,289 --> 00:31:43,019
they're having

723
00:31:47,090 --> 00:31:45,299
um with lightning Network

724
00:31:49,130 --> 00:31:47,100
um doesn't understand the technology at

725
00:31:50,450 --> 00:31:49,140
all and and this is the problem you know

726
00:31:52,610 --> 00:31:50,460
a lot of people think they know about

727
00:31:54,049 --> 00:31:52,620
cryptocurrency or Bitcoin and stuff like

728
00:31:55,789 --> 00:31:54,059
that but they don't understand they

729
00:31:57,350 --> 00:31:55,799
haven't done their research and what I'm

730
00:31:58,909 --> 00:31:57,360
trying to do is just let people know

731
00:32:01,610 --> 00:31:58,919
about the reality that unfortunately

732
00:32:04,909 --> 00:32:01,620
there is a very scammy

733
00:32:07,789 --> 00:32:04,919
um crypto casino and just because it's

734
00:32:11,090 --> 00:32:07,799
called BTC or Bitcoin on the on the

735
00:32:14,149 --> 00:32:11,100
exchange a ticker is not the protocol if

736
00:32:16,610 --> 00:32:14,159
I went to You Stephen and said oh

737
00:32:19,009 --> 00:32:16,620
um this protocol was called Shem

738
00:32:20,509 --> 00:32:19,019
and and it's the real Bitcoin well you'd

739
00:32:23,330 --> 00:32:20,519
say well just because you call it that

740
00:32:25,909 --> 00:32:23,340
doesn't make it yeah as a protocol means

741
00:32:28,250 --> 00:32:25,919
a set of rules a set of DNA imagine you

742
00:32:30,409 --> 00:32:28,260
know if the DNA has changed yeah

743
00:32:32,870 --> 00:32:30,419
then it's not its original formal

744
00:32:34,070 --> 00:32:32,880
iteration now don't get me wrong we all

745
00:32:36,350 --> 00:32:34,080
want to make but we all want to be

746
00:32:39,110 --> 00:32:36,360
successful we want to be wealthy but 90

747
00:32:42,169 --> 00:32:39,120
of the herds is poured into this

748
00:32:44,810 --> 00:32:42,179
Avalanche of quite frankly [\h__\h] coins

749
00:32:47,509 --> 00:32:44,820
yeah when there's up to 11 000 of them

750
00:32:49,610 --> 00:32:47,519
yeah and all these different exchanges

751
00:32:51,769 --> 00:32:49,620
perpetuating

752
00:32:53,690 --> 00:32:51,779
um the notion of multiple coins the

753
00:32:56,029 --> 00:32:53,700
original day there was supposed to be

754
00:32:58,549 --> 00:32:56,039
one coin and everyone to build their

755
00:33:01,250 --> 00:32:58,559
coins on top of it but because the DNA

756
00:33:03,649 --> 00:33:01,260
of BTC was changed and morphed right

757
00:33:06,289 --> 00:33:03,659
it's made it so that we haven't got this

758
00:33:07,430 --> 00:33:06,299
original Protocol no more yeah so that's

759
00:33:09,950 --> 00:33:07,440
why

760
00:33:12,470 --> 00:33:09,960
by re-enabling this technology by

761
00:33:14,870 --> 00:33:12,480
re-enabling the

762
00:33:17,570 --> 00:33:14,880
um the protocol the original version of

763
00:33:19,850 --> 00:33:17,580
Bitcoin we're able to do things like

764
00:33:22,310 --> 00:33:19,860
um the metanet and the metanet is an

765
00:33:24,350 --> 00:33:22,320
internet built on bitcoin and it's a

766
00:33:25,970 --> 00:33:24,360
very New Concept right

767
00:33:27,830 --> 00:33:25,980
um you know the metanet is a term given

768
00:33:29,630 --> 00:33:27,840
to a value-based internet built on the

769
00:33:31,250 --> 00:33:29,640
Bitcoin SV Ledger the metanet can be

770
00:33:33,409 --> 00:33:31,260
used to refer to either the concept of

771
00:33:35,750 --> 00:33:33,419
value based internet built on bitcoin

772
00:33:41,090 --> 00:33:35,760
because as you know Stephen the internet

773
00:33:42,769 --> 00:33:41,100
didn't come native right with monetary

774
00:33:44,389 --> 00:33:42,779
um yeah people had to build people had

775
00:33:46,370 --> 00:33:44,399
to build the way to yeah we've got

776
00:33:48,590 --> 00:33:46,380
PayPal we've got stuff like that but

777
00:33:51,590 --> 00:33:48,600
Global remittance is slow there's no way

778
00:33:54,230 --> 00:33:51,600
that BTC can compete with

779
00:33:56,389 --> 00:33:54,240
um Global remittance and even lightning

780
00:33:59,389 --> 00:33:56,399
Network lightning network is centralized

781
00:34:01,250 --> 00:33:59,399
by the very definition of it so you know

782
00:34:03,649 --> 00:34:01,260
you've got these watchtowers you've got

783
00:34:05,570 --> 00:34:03,659
people that lost money on it and when

784
00:34:06,889 --> 00:34:05,580
you when you take

785
00:34:10,970 --> 00:34:06,899
um for instance

786
00:34:13,550 --> 00:34:10,980
um when you take Bitcoin uh BTC coins

787
00:34:15,829 --> 00:34:13,560
off the network off the blockchain it's

788
00:34:18,109 --> 00:34:15,839
not a blockchain no more it becomes a

789
00:34:21,710 --> 00:34:18,119
centralized controlled uh mesh Network

790
00:34:24,589 --> 00:34:21,720
or DLT so when people say

791
00:34:27,530 --> 00:34:24,599
um so just as an example Stephen in

792
00:34:29,629 --> 00:34:27,540
about 2017 there was a contentious

793
00:34:31,669 --> 00:34:29,639
protocol change that was pushed through

794
00:34:33,909 --> 00:34:31,679
through

795
00:34:37,609 --> 00:34:33,919
um a civil attack essentially where

796
00:34:40,609 --> 00:34:37,619
non-mining nodes Raspberry Pi's signaled

797
00:34:43,550 --> 00:34:40,619
a protocol change of segwit segregated

798
00:34:47,510 --> 00:34:43,560
witness and segregated witness was was

799
00:34:49,310 --> 00:34:47,520
sold to the BTC Community under the

800
00:34:51,050 --> 00:34:49,320
pretense that oh yeah this is going to

801
00:34:52,490 --> 00:34:51,060
make it faster we're going to be able to

802
00:34:54,889 --> 00:34:52,500
do lightning network using this

803
00:34:56,869 --> 00:34:54,899
technology but what no one realizes is

804
00:34:59,510 --> 00:34:56,879
that segregated witness means you take

805
00:35:02,270 --> 00:34:59,520
the trans the signatures of the sign-in

806
00:35:04,730 --> 00:35:02,280
off chain it's you're not made you're

807
00:35:06,230 --> 00:35:04,740
you're changing BTC to be not a

808
00:35:08,569 --> 00:35:06,240
blockchain right

809
00:35:10,730 --> 00:35:08,579
you know so

810
00:35:13,550 --> 00:35:10,740
um and and why is that important because

811
00:35:15,530 --> 00:35:13,560
you know the concept was of security of

812
00:35:17,270 --> 00:35:15,540
a single blockchain in which other coins

813
00:35:20,450 --> 00:35:17,280
could be built on top of it and the

814
00:35:23,210 --> 00:35:20,460
programmability of Bitcoin could be

815
00:35:25,069 --> 00:35:23,220
unparalleled and and unbounded so that

816
00:35:27,349 --> 00:35:25,079
you could build applications on top of

817
00:35:29,030 --> 00:35:27,359
it otherwise and that's why we have

818
00:35:31,430 --> 00:35:29,040
ethereum you know if people do their

819
00:35:33,950 --> 00:35:31,440
history valetik boots are in he he

820
00:35:36,290 --> 00:35:33,960
wanted to be able to do smart contracts

821
00:35:38,030 --> 00:35:36,300
on BTC so he just went and made his

822
00:35:39,589 --> 00:35:38,040
other question was the blockchain was

823
00:35:42,829 --> 00:35:39,599
supposed to be for a lot the blockchain

824
00:35:46,190 --> 00:35:42,839
technology was originally envisioned for

825
00:35:48,050 --> 00:35:46,200
a multitude of purposes besides just the

826
00:35:50,089 --> 00:35:48,060
coin aspect right yeah it was supposed

827
00:35:51,410 --> 00:35:50,099
to be this internet it was you know it

828
00:35:54,609 --> 00:35:51,420
was it was going to have applications

829
00:35:57,470 --> 00:35:54,619
for uh you know uh autonomous

830
00:35:59,569 --> 00:35:57,480
organizations of streamlining you know

831
00:36:01,670 --> 00:35:59,579
processes but all of that's been

832
00:36:03,170 --> 00:36:01,680
re-enabled so so where are we at the

833
00:36:05,569 --> 00:36:03,180
moment then ladies and gentlemen at the

834
00:36:07,790 --> 00:36:05,579
moment right now this technology has

835
00:36:11,210 --> 00:36:07,800
been re-enabled on the bsv blockchain

836
00:36:13,190 --> 00:36:11,220
right we we are seeing an explosion of

837
00:36:15,710 --> 00:36:13,200
building we're seeing an explosion of

838
00:36:17,870 --> 00:36:15,720
apps so for instance we've got we've got

839
00:36:19,550 --> 00:36:17,880
a video game that come out called crypto

840
00:36:20,930 --> 00:36:19,560
fights that's a bit like Dungeons and

841
00:36:24,250 --> 00:36:20,940
Dragons we're looking at a chart here

842
00:36:28,069 --> 00:36:24,260
ladies and gentlemen that shows the the

843
00:36:31,790 --> 00:36:28,079
applications on bsv that generate the

844
00:36:34,430 --> 00:36:31,800
most amount of data right so you're

845
00:36:36,710 --> 00:36:34,440
seeing you're seeing uh gaming apps

846
00:36:40,190 --> 00:36:36,720
social media apps imagine imagine doing

847
00:36:42,829 --> 00:36:40,200
Instagram and you get paid Stephen when

848
00:36:45,230 --> 00:36:42,839
someone likes your picture yeah yeah

849
00:36:47,510 --> 00:36:45,240
that seems to be that I I've read about

850
00:36:50,030 --> 00:36:47,520
this aspect of the blockchain that

851
00:36:55,130 --> 00:36:50,040
people want to move to and it seems to

852
00:37:00,530 --> 00:36:58,250
of course Monopoly away from some of

853
00:37:02,450 --> 00:37:00,540
these huge mega corporations and gives

854
00:37:04,849 --> 00:37:02,460
people perhaps more financial

855
00:37:06,710 --> 00:37:04,859
opportunities yeah absolutely and I

856
00:37:09,170 --> 00:37:06,720
think I think the the key thing is there

857
00:37:11,329 --> 00:37:09,180
is the incentivization for people to be

858
00:37:13,010 --> 00:37:11,339
able to earn an honest living wage

859
00:37:15,410 --> 00:37:13,020
you're a musician I've seen your music

860
00:37:18,230 --> 00:37:15,420
before and and I'm a musician as well

861
00:37:21,170 --> 00:37:18,240
and we can we can talk about Spotify and

862
00:37:23,050 --> 00:37:21,180
how broke we've been oh my God broke our

863
00:37:26,390 --> 00:37:23,060
sights

864
00:37:28,430 --> 00:37:26,400
I know I know somebody that I am

865
00:37:29,870 --> 00:37:28,440
friendly with a band and I don't like to

866
00:37:32,510 --> 00:37:29,880
name drop so I won't but I'm friendly

867
00:37:35,450 --> 00:37:32,520
with the band that was all over MTV that

868
00:37:40,370 --> 00:37:35,460
toured with Depeche Mode that is was

869
00:37:43,010 --> 00:37:40,380
huge for a long time right and they are

870
00:37:45,829 --> 00:37:43,020
on Spotify and literally are getting

871
00:37:47,030 --> 00:37:45,839
like six dollar checks a month each of

872
00:37:48,950 --> 00:37:47,040
the four of them

873
00:37:53,569 --> 00:37:48,960
and and they're getting millions of

874
00:37:56,270 --> 00:37:53,579
plays still so and this is it is a it is

875
00:37:58,790 --> 00:37:56,280
a nightmare that these companies are

876
00:38:00,290 --> 00:37:58,800
able to just dictate okay you've got a

877
00:38:03,710 --> 00:38:00,300
million plays we're gonna give you six

878
00:38:06,410 --> 00:38:03,720
dollars you know what I mean well I've

879
00:38:08,450 --> 00:38:06,420
got an analysis of like that that huge

880
00:38:11,270 --> 00:38:08,460
that you know that huge people on

881
00:38:14,210 --> 00:38:11,280
Spotify huge names are barely making

882
00:38:16,010 --> 00:38:14,220
minimum wage well this is what this is

883
00:38:17,329 --> 00:38:16,020
what inspired us to build

884
00:38:19,250 --> 00:38:17,339
um black cost

885
00:38:21,050 --> 00:38:19,260
um blackcast.com ladies and gentlemen

886
00:38:24,109 --> 00:38:21,060
which is going to be launched um very

887
00:38:27,290 --> 00:38:24,119
soon it's a music distribution streaming

888
00:38:29,810 --> 00:38:27,300
platform built on the bsv blockchain so

889
00:38:32,450 --> 00:38:29,820
it uses the superpowers of BSB to enable

890
00:38:35,390 --> 00:38:32,460
Nano transactions to be able to pay

891
00:38:38,089 --> 00:38:35,400
artists fairly equitably and instantly

892
00:38:39,829 --> 00:38:38,099
and it works with labels and also major

893
00:38:41,390 --> 00:38:39,839
labels as well

894
00:38:43,430 --> 00:38:41,400
um I think I think what's happening is

895
00:38:45,890 --> 00:38:43,440
is often people look at cryptocurrencies

896
00:38:47,450 --> 00:38:45,900
and crypto uh colloquially and they

897
00:38:49,490 --> 00:38:47,460
think oh it's gonna you know it's

898
00:38:50,810 --> 00:38:49,500
decentralized it's trying to change the

899
00:38:52,609 --> 00:38:50,820
world blah blah blah but what we're

900
00:38:54,410 --> 00:38:52,619
seeing is actually cryptocurrency is

901
00:38:57,050 --> 00:38:54,420
very centralized but when we actually

902
00:38:59,150 --> 00:38:57,060
look at Bitcoin and I mean bsv Bitcoin

903
00:39:01,310 --> 00:38:59,160
SV blockchain because that's the one

904
00:39:04,190 --> 00:39:01,320
that's the real protocol unable to scale

905
00:39:06,410 --> 00:39:04,200
infinite or unbounded should I say right

906
00:39:10,329 --> 00:39:06,420
we're seeing applications that are now

907
00:39:14,810 --> 00:39:10,339
emerging that re uh that that basically

908
00:39:17,810 --> 00:39:14,820
uh reinvigorate and Empower uh users so

909
00:39:20,569 --> 00:39:17,820
they own their own data and so imagine

910
00:39:22,910 --> 00:39:20,579
rather than selling your own data and

911
00:39:24,589 --> 00:39:22,920
and you are the product and you don't

912
00:39:27,349 --> 00:39:24,599
receive anything for that and you have

913
00:39:29,569 --> 00:39:27,359
to see adverts and you'll sold loads of

914
00:39:32,210 --> 00:39:29,579
rubbish and you know these algorithmic

915
00:39:33,589 --> 00:39:32,220
feeds just give you stuff to look at to

916
00:39:35,930 --> 00:39:33,599
keep looking so they can give you more

917
00:39:37,790 --> 00:39:35,940
adverts we're seeing an absolute

918
00:39:40,430 --> 00:39:37,800
absolute reverse of that we're seeing

919
00:39:43,310 --> 00:39:40,440
applications come out where you can earn

920
00:39:45,530 --> 00:39:43,320
bsv you can get paid for your

921
00:39:49,069 --> 00:39:45,540
interaction you can own your own data

922
00:39:51,349 --> 00:39:49,079
and that that is a mass if Innovation

923
00:39:53,270 --> 00:39:51,359
because that's going to lead to an

924
00:39:55,190 --> 00:39:53,280
Internet that we're seeing emerge that's

925
00:39:58,069 --> 00:39:55,200
built on bsv the real Bitcoin the

926
00:39:59,569 --> 00:39:58,079
genuine Bitcoin where people were able

927
00:40:03,290 --> 00:39:59,579
to make an honest living people were

928
00:40:05,450 --> 00:40:03,300
able to uh earn and spend economy it's

929
00:40:08,990 --> 00:40:05,460
we're we're we've we're killing and

930
00:40:11,690 --> 00:40:09,000
getting a red rid of of this kind of by

931
00:40:13,609 --> 00:40:11,700
crypto and hold it because that's that's

932
00:40:15,890 --> 00:40:13,619
a Ponzi right so I'm going to be brave

933
00:40:17,870 --> 00:40:15,900
and say it right now BTC ladies and

934
00:40:19,910 --> 00:40:17,880
gentlemen is a Ponzi and I'll say why

935
00:40:21,710 --> 00:40:19,920
it's a Ponzi because if there's no

936
00:40:23,510 --> 00:40:21,720
fundamental usage to the network because

937
00:40:26,270 --> 00:40:23,520
it only does three transactions a second

938
00:40:28,910 --> 00:40:26,280
if it's if it doesn't even hold its

939
00:40:31,670 --> 00:40:28,920
store of supposed store of gold value

940
00:40:33,290 --> 00:40:31,680
yeah and it's not being picked up by the

941
00:40:36,650 --> 00:40:33,300
government because it's anti-government

942
00:40:37,430 --> 00:40:36,660
remember Stephen all these people

943
00:40:41,569 --> 00:40:37,440
um

944
00:40:43,550 --> 00:40:41,579
uh block size is determine yeah that's a

945
00:40:44,870 --> 00:40:43,560
great comment there by by the sixth

946
00:40:45,589 --> 00:40:44,880
sense

947
00:40:47,690 --> 00:40:45,599
um

948
00:40:50,690 --> 00:40:47,700
a lot of these people in crypto Stephen

949
00:40:52,670 --> 00:40:50,700
and for anyone that owns a house or got

950
00:40:54,170 --> 00:40:52,680
children or got family you know when

951
00:40:56,510 --> 00:40:54,180
when you're 20 you're like yeah any

952
00:40:58,010 --> 00:40:56,520
government yeah I'm in a rock band but

953
00:40:59,510 --> 00:40:58,020
when you get older you're like hang on a

954
00:41:01,849 --> 00:40:59,520
minute let's try not to burn the house

955
00:41:03,290 --> 00:41:01,859
down I've got children inside keep the

956
00:41:05,690 --> 00:41:03,300
noise down I know I know that you

957
00:41:07,849 --> 00:41:05,700
mentioned this Calvin air and isn't he

958
00:41:09,530 --> 00:41:07,859
like sort of a controversial figure he

959
00:41:11,690 --> 00:41:09,540
was you know he made his fortunate

960
00:41:13,309 --> 00:41:11,700
gambling before moving into Bitcoin we

961
00:41:16,370 --> 00:41:13,319
did it get it apparently he gave up

962
00:41:18,290 --> 00:41:16,380
gambling uh his gambling business

963
00:41:20,930 --> 00:41:18,300
um uh it wasn't a gambling business uh

964
00:41:23,750 --> 00:41:20,940
like I said gambling business in fact um

965
00:41:25,970 --> 00:41:23,760
from from what I know right and what a

966
00:41:28,250 --> 00:41:25,980
lot of people and himself have said you

967
00:41:30,230 --> 00:41:28,260
know is that he was one of the Forefront

968
00:41:33,170 --> 00:41:30,240
people that used the internet for the

969
00:41:35,270 --> 00:41:33,180
gambling industry to Leverage The the

970
00:41:38,390 --> 00:41:35,280
payment mechanism but he apparently

971
00:41:41,210 --> 00:41:38,400
threw it all in is is 100 into bsv I

972
00:41:43,790 --> 00:41:41,220
mean check calvinair.com and his website

973
00:41:45,470 --> 00:41:43,800
but do you do you have a business

974
00:41:47,089 --> 00:41:45,480
relationship with him too like are you

975
00:41:49,910 --> 00:41:47,099
guys guys

976
00:41:52,130 --> 00:41:49,920
um I we we are building an application

977
00:41:54,710 --> 00:41:52,140
that uses this technology Stephen

978
00:41:59,089 --> 00:41:54,720
because this technology is unparalleled

979
00:42:01,370 --> 00:41:59,099
in its in its unrivaled capability there

980
00:42:04,069 --> 00:42:01,380
isn't all these people in crypto right

981
00:42:06,470 --> 00:42:04,079
think about it Stephen right all these

982
00:42:07,490 --> 00:42:06,480
people out there in crypto they're all

983
00:42:09,109 --> 00:42:07,500
there's a lot of them that are

984
00:42:10,790 --> 00:42:09,119
anti-government there's a lot of them

985
00:42:12,410 --> 00:42:10,800
that are sort of oh yeah decentralized

986
00:42:15,290 --> 00:42:12,420
down with a dollar blah blah blah blah

987
00:42:17,990 --> 00:42:15,300
blah right but what about the notion of

988
00:42:20,890 --> 00:42:18,000
building a new global economy what what

989
00:42:23,270 --> 00:42:20,900
about the notion of of building

990
00:42:25,069 --> 00:42:23,280
applications that transform the world

991
00:42:26,750 --> 00:42:25,079
and um I will say as well it's

992
00:42:29,390 --> 00:42:26,760
interesting someone said Warren Buffett

993
00:42:32,030 --> 00:42:29,400
hates crypto it's interesting

994
00:42:33,530 --> 00:42:32,040
um uh hold on you there mate you just

995
00:42:36,470 --> 00:42:33,540
muted

996
00:42:42,290 --> 00:42:36,480
um it's interesting that that a lot of

997
00:42:44,450 --> 00:42:42,300
the big entrepreneurs are essentially

998
00:42:46,430 --> 00:42:44,460
breaking down BTC they said there's no

999
00:42:50,150 --> 00:42:46,440
it's a speculative asset there's no real

1000
00:42:51,829 --> 00:42:50,160
value to it right and um JB in the house

1001
00:42:53,210 --> 00:42:51,839
he says Shem is lying about signatures

1002
00:42:55,609 --> 00:42:53,220
from being moved off chain they aren't

1003
00:42:57,770 --> 00:42:55,619
easily confirmed Sherry is not a

1004
00:42:59,510 --> 00:42:57,780
technical person uh I'd beckon you to

1005
00:43:01,370 --> 00:42:59,520
check out segregated witness because the

1006
00:43:03,230 --> 00:43:01,380
very nature of it is is that they're

1007
00:43:05,870 --> 00:43:03,240
signed off chain so that means they're

1008
00:43:07,790 --> 00:43:05,880
not they're not on chain right and maybe

1009
00:43:10,670 --> 00:43:07,800
I got my terminology wrong so forgive me

1010
00:43:12,349 --> 00:43:10,680
but if if it's not if it's segregated

1011
00:43:14,030 --> 00:43:12,359
from the blockchain it's not a

1012
00:43:16,190 --> 00:43:14,040
blockchain and the reason they enabled

1013
00:43:19,069 --> 00:43:16,200
that technology was to enable lightning

1014
00:43:20,809 --> 00:43:19,079
Network BTC ladies and gentlemen and I'm

1015
00:43:22,670 --> 00:43:20,819
sorry to break it I mean everyone wants

1016
00:43:25,970 --> 00:43:22,680
me to come on and go it's a moon it's

1017
00:43:28,130 --> 00:43:25,980
going to the Moon right but the reality

1018
00:43:30,710 --> 00:43:28,140
is is that it won't be going to the Moon

1019
00:43:34,849 --> 00:43:30,720
because it's anti-government it doesn't

1020
00:43:36,650 --> 00:43:34,859
scale yeah it's non-legally compliant

1021
00:43:39,349 --> 00:43:36,660
and how and it doesn't do enough

1022
00:43:43,790 --> 00:43:39,359
transactions for the for planet Earth

1023
00:43:46,309 --> 00:43:43,800
so yeah I I think we're looking at a a

1024
00:43:49,550 --> 00:43:46,319
race between the best Technologies and

1025
00:43:51,770 --> 00:43:49,560
just because the crowd is in on a coin

1026
00:43:54,530 --> 00:43:51,780
yeah and the number of that coin is

1027
00:43:56,270 --> 00:43:54,540
valuable at this present moment doesn't

1028
00:43:59,870 --> 00:43:56,280
mean that coin is going to be around in

1029
00:44:02,030 --> 00:43:59,880
10 15 years and I'd like to remind the

1030
00:44:04,790 --> 00:44:02,040
the the Watchers and listeners as well

1031
00:44:07,550 --> 00:44:04,800
you know that actually there is an

1032
00:44:09,410 --> 00:44:07,560
incredible revolution in Innovation and

1033
00:44:13,309 --> 00:44:09,420
Technology happening and it's happening

1034
00:44:15,950 --> 00:44:13,319
on the restored protocol of Bitcoin and

1035
00:44:17,630 --> 00:44:15,960
the market isn't aware of this so yeah I

1036
00:44:19,190 --> 00:44:17,640
reckon people can we get back to this

1037
00:44:21,109 --> 00:44:19,200
can we get back to this Calvin era

1038
00:44:22,790 --> 00:44:21,119
though because you know it doesn't

1039
00:44:25,430 --> 00:44:22,800
doesn't he have sort of a checkered past

1040
00:44:28,010 --> 00:44:25,440
and a criminal history involved with

1041
00:44:30,109 --> 00:44:28,020
some of his business dealings

1042
00:44:32,270 --> 00:44:30,119
I don't know mate to be honest I don't

1043
00:44:34,910 --> 00:44:32,280
know there's a lot of people out there I

1044
00:44:37,250 --> 00:44:34,920
think he he you know he might have had

1045
00:44:38,750 --> 00:44:37,260
something it's in his Wikipedia in

1046
00:44:40,309 --> 00:44:38,760
February 2012 Aaron three other

1047
00:44:41,750 --> 00:44:40,319
individuals were invaded by the U.S

1048
00:44:43,309 --> 00:44:41,760
attorney in Maryland on charges of

1049
00:44:46,010 --> 00:44:43,319
illegal gambling and money laundering

1050
00:44:48,710 --> 00:44:46,020
related to conduct that occurred

1051
00:44:50,510 --> 00:44:48,720
uh before the 2006 passage of unlawful

1052
00:44:51,829 --> 00:44:50,520
internet gambling Enforcement Act so I

1053
00:44:54,710 --> 00:44:51,839
guess it was old

1054
00:44:58,490 --> 00:44:54,720
like old charges well this is the thing

1055
00:44:59,990 --> 00:44:58,500
I mean you know a lot of people uh grow

1056
00:45:01,910 --> 00:45:00,000
and develop and stuff like that and

1057
00:45:03,530 --> 00:45:01,920
you've got to think about it guilty he

1058
00:45:05,630 --> 00:45:03,540
pled guilty to a single misdemeanor

1059
00:45:07,069 --> 00:45:05,640
charge and admitted to an accessory

1060
00:45:09,170 --> 00:45:07,079
after the fact charge related to

1061
00:45:12,230 --> 00:45:09,180
transmission of gambling information and

1062
00:45:13,730 --> 00:45:12,240
violation of the federal wire act and

1063
00:45:15,109 --> 00:45:13,740
this is interesting as well because a

1064
00:45:16,970 --> 00:45:15,119
lot the current people I don't know if

1065
00:45:21,410 --> 00:45:16,980
you know yeah and so I got he got

1066
00:45:23,809 --> 00:45:21,420
unsupervised probation at a 500 fine so

1067
00:45:26,089 --> 00:45:23,819
well this is the thing as well there's I

1068
00:45:28,550 --> 00:45:26,099
mean I can't speak on you know people's

1069
00:45:30,410 --> 00:45:28,560
personal legal stories I you know I'm

1070
00:45:32,930 --> 00:45:30,420
not familiar with that but what I can

1071
00:45:34,970 --> 00:45:32,940
say is about what is happening now and

1072
00:45:37,670 --> 00:45:34,980
what we see happening now in

1073
00:45:39,349 --> 00:45:37,680
cryptocurrency is we're seeing people I

1074
00:45:41,870 --> 00:45:39,359
think there was a guy called fluffy pony

1075
00:45:44,750 --> 00:45:41,880
who Google him Steven

1076
00:45:48,410 --> 00:45:44,760
um fluffy yeah there's a guy that he's

1077
00:45:51,650 --> 00:45:48,420
got done and he's from a crypto company

1078
00:45:55,069 --> 00:45:51,660
um a cryptocurrency uh there's a ton of

1079
00:45:57,349 --> 00:45:55,079
people being run through the SEC and and

1080
00:46:01,609 --> 00:45:57,359
that's why I think a lot of people don't

1081
00:46:04,910 --> 00:46:01,619
like that that scammy crypto stuff

1082
00:46:08,569 --> 00:46:04,920
because that's the Casino Royale of

1083
00:46:10,790 --> 00:46:08,579
crypto you know and it's coming back to

1084
00:46:13,790 --> 00:46:10,800
an actual technology that shines light

1085
00:46:16,010 --> 00:46:13,800
of shines truth yeah and

1086
00:46:17,950 --> 00:46:16,020
when when information is held on a

1087
00:46:20,930 --> 00:46:17,960
central blockchain there isn't no hiding

1088
00:46:24,530 --> 00:46:20,940
nefarious activity I mean Stephen you

1089
00:46:26,150 --> 00:46:24,540
know a lot of the a lot of the

1090
00:46:27,109 --> 00:46:26,160
original

1091
00:46:30,410 --> 00:46:27,119
um

1092
00:46:32,210 --> 00:46:30,420
a lot of the original protocol

1093
00:46:35,390 --> 00:46:32,220
applications

1094
00:46:39,410 --> 00:46:35,400
of BTC started going into Silk Road and

1095
00:46:47,930 --> 00:46:42,890
yeah isn't it is the is the one funding

1096
00:46:49,910 --> 00:46:47,940
of BT BTC and there's a btcv or it's

1097
00:46:52,550 --> 00:46:49,920
five right

1098
00:46:54,710 --> 00:46:52,560
well I I think Luke's got Luke yeah

1099
00:46:56,210 --> 00:46:54,720
Luke's got it he says Calvin was a

1100
00:46:58,910 --> 00:46:56,220
pioneer of online gaming there wasn't

1101
00:47:01,030 --> 00:46:58,920
any regulatory Clarity back then those

1102
00:47:04,970 --> 00:47:01,040
guys were victims Calvin has since been

1103
00:47:06,470 --> 00:47:04,980
accelerated so exactly sure I want to

1104
00:47:08,390 --> 00:47:06,480
know about the people right now that are

1105
00:47:11,030 --> 00:47:08,400
being run through the courts yeah

1106
00:47:13,370 --> 00:47:11,040
yeah yeah you know I want to know about

1107
00:47:15,470 --> 00:47:13,380
the people because there's a bit of a

1108
00:47:17,150 --> 00:47:15,480
circus you know yeah there's a lot of

1109
00:47:19,190 --> 00:47:17,160
there's a lot of strange characters yeah

1110
00:47:21,670 --> 00:47:19,200
involved and uh and and I like

1111
00:47:24,710 --> 00:47:21,680
characters I'm sorry

1112
00:47:27,589 --> 00:47:24,720
to just read about some of the some of

1113
00:47:29,510 --> 00:47:27,599
the legal wranglings well uh JB says he

1114
00:47:32,030 --> 00:47:29,520
said did Shem explain about bsv as a

1115
00:47:33,890 --> 00:47:32,040
data storage system so bsv is a data

1116
00:47:36,950 --> 00:47:33,900
storage system and there was a someone

1117
00:47:39,109 --> 00:47:36,960
uh someone trolled bsv and uploaded

1118
00:47:41,930 --> 00:47:39,119
apparently some child porn and you know

1119
00:47:45,049 --> 00:47:41,940
what they did the company uh apparently

1120
00:47:47,930 --> 00:47:45,059
they pruned the data they and this is

1121
00:47:50,210 --> 00:47:47,940
this is a money button and that they're

1122
00:47:53,809 --> 00:47:50,220
the CEO announced he said someone's put

1123
00:47:56,329 --> 00:47:53,819
used our app right and put put naughty

1124
00:47:58,609 --> 00:47:56,339
stuff on the chain and we've passed all

1125
00:48:01,130 --> 00:47:58,619
that over to Legal authorities and the

1126
00:48:05,329 --> 00:48:01,140
fact is those trolls that did that were

1127
00:48:06,710 --> 00:48:05,339
trying to discolor bsv so you know and I

1128
00:48:10,010 --> 00:48:06,720
know this is a hard subject for people

1129
00:48:11,809 --> 00:48:10,020
because a lot of people in uh crypto if

1130
00:48:13,250 --> 00:48:11,819
you say can you explain wasn't there a

1131
00:48:15,770 --> 00:48:13,260
hack is that the hack that he was

1132
00:48:18,410 --> 00:48:15,780
talking about recently of of this no no

1133
00:48:20,750 --> 00:48:18,420
no what happened was um that was an

1134
00:48:23,329 --> 00:48:20,760
attempted reorg of the blockchain and

1135
00:48:26,930 --> 00:48:23,339
what happened there was uh when when

1136
00:48:29,390 --> 00:48:26,940
people there was a nefarious minor that

1137
00:48:31,670 --> 00:48:29,400
come onto the network built spent loads

1138
00:48:36,109 --> 00:48:31,680
of money building a separate blockchain

1139
00:48:39,530 --> 00:48:36,119
right and then put that blockchain uh

1140
00:48:41,270 --> 00:48:39,540
attached it to bsv and try to try to get

1141
00:48:42,770 --> 00:48:41,280
that block to be what all the blocks

1142
00:48:45,950 --> 00:48:42,780
would be built on and essentially take

1143
00:48:47,930 --> 00:48:45,960
over the chain now all of the miners who

1144
00:48:49,670 --> 00:48:47,940
are legally compliant right and bsv

1145
00:48:51,530 --> 00:48:49,680
stands for a lot of legal compliance

1146
00:48:53,210 --> 00:48:51,540
people you know all these scammy crypto

1147
00:48:55,190 --> 00:48:53,220
coins people were just trying to build

1148
00:48:57,650 --> 00:48:55,200
applications that are going to do

1149
00:48:59,450 --> 00:48:57,660
amazing things right and what did they

1150
00:49:01,370 --> 00:48:59,460
do they did they offered that block

1151
00:49:03,230 --> 00:49:01,380
right so the good miners sitting at the

1152
00:49:05,270 --> 00:49:03,240
table said hang on a minute who's that

1153
00:49:07,670 --> 00:49:05,280
guy that's just turned up that's not you

1154
00:49:09,770 --> 00:49:07,680
know got rid of it so an orphan

1155
00:49:10,970 --> 00:49:09,780
orphaning of of the block is a regular

1156
00:49:13,970 --> 00:49:10,980
thing that happens I probably didn't

1157
00:49:17,210 --> 00:49:13,980
explain that as well but it was a legal

1158
00:49:20,630 --> 00:49:17,220
attack authorities were notified right

1159
00:49:22,250 --> 00:49:20,640
so um yeah but I mean I I want to come

1160
00:49:24,589 --> 00:49:22,260
back to

1161
00:49:26,210 --> 00:49:24,599
what the proof of work is of people that

1162
00:49:29,510 --> 00:49:26,220
are doing in this space and incredible

1163
00:49:30,890 --> 00:49:29,520
applications being built because this is

1164
00:49:32,870 --> 00:49:30,900
the thing I mean you look at all these

1165
00:49:35,450 --> 00:49:32,880
other cryptocurrencies I'm starting to

1166
00:49:41,270 --> 00:49:35,460
lose my voice that's pretty late here

1167
00:49:45,230 --> 00:49:43,250
um but you you look at what's happening

1168
00:49:46,730 --> 00:49:45,240
and there's a proliferation of altcoins

1169
00:49:48,470 --> 00:49:46,740
and stuff like that and I just want to

1170
00:49:51,290 --> 00:49:48,480
bring it back to what the actual use

1171
00:49:54,770 --> 00:49:51,300
cases are for this technology and that

1172
00:49:57,170 --> 00:49:54,780
Bitcoin has been restored this Central

1173
00:49:59,150 --> 00:49:57,180
um uh unified

1174
00:50:02,089 --> 00:49:59,160
um restored protocol

1175
00:50:04,069 --> 00:50:02,099
of truth and light where data is

1176
00:50:05,990 --> 00:50:04,079
illuminated for people right where

1177
00:50:08,329 --> 00:50:06,000
people can own their own data again

1178
00:50:09,890 --> 00:50:08,339
where people can make money by using

1179
00:50:11,569 --> 00:50:09,900
applications rather than selling their

1180
00:50:13,309 --> 00:50:11,579
data and that's my real message here

1181
00:50:14,870 --> 00:50:13,319
today ladies and gentlemen I wanted to

1182
00:50:15,790 --> 00:50:14,880
Aspire

1183
00:50:17,990 --> 00:50:15,800
um

1184
00:50:19,970 --> 00:50:18,000
see I'm getting a lot of flack in the

1185
00:50:21,530 --> 00:50:19,980
trouble I wanted to inspire because you

1186
00:50:23,870 --> 00:50:21,540
know we're building a music application

1187
00:50:25,309 --> 00:50:23,880
on this platform and I think musicians

1188
00:50:27,770 --> 00:50:25,319
are going to love the fact that they can

1189
00:50:29,809 --> 00:50:27,780
get paid instantly and fast and you know

1190
00:50:31,490 --> 00:50:29,819
there's a lot of tribalism in crypto you

1191
00:50:33,290 --> 00:50:31,500
know people like say oh you know it's a

1192
00:50:35,150 --> 00:50:33,300
ship coin or this coin or that coin but

1193
00:50:36,829 --> 00:50:35,160
you know I've tried to break down and

1194
00:50:38,990 --> 00:50:36,839
it's just to be clear it's Calvin is

1195
00:50:41,109 --> 00:50:39,000
funding this music out

1196
00:50:44,870 --> 00:50:41,119
no

1197
00:50:48,710 --> 00:50:44,880
this application is is funded by uh air

1198
00:50:51,890 --> 00:50:48,720
inventures uh uh Air Group and offers in

1199
00:50:53,510 --> 00:50:51,900
the space and this application is funded

1200
00:50:55,670 --> 00:50:53,520
by myself and my business partner as

1201
00:50:59,809 --> 00:50:55,680
well and we're building something that's

1202
00:51:05,450 --> 00:51:02,750
well sounds you know the the technology

1203
00:51:08,150 --> 00:51:05,460
is exciting to me the technology part of

1204
00:51:09,890 --> 00:51:08,160
it but you know uh because you never

1205
00:51:13,549 --> 00:51:09,900
know where where these things could lead

1206
00:51:15,650 --> 00:51:13,559
you know there's a lot of potential for

1207
00:51:17,930 --> 00:51:15,660
Change Would You Do you think bands

1208
00:51:20,270 --> 00:51:17,940
would you do you think bands would would

1209
00:51:22,730 --> 00:51:20,280
I think well I think there definitely

1210
00:51:25,970 --> 00:51:22,740
needs to be incredible competition

1211
00:51:28,730 --> 00:51:25,980
online and we should not just leave Mega

1212
00:51:31,069 --> 00:51:28,740
corporations like apple and Spotify to

1213
00:51:33,109 --> 00:51:31,079
decide to dictate this is what you're

1214
00:51:34,910 --> 00:51:33,119
going to get paid you know the more

1215
00:51:36,410 --> 00:51:34,920
competition the better because if you're

1216
00:51:38,270 --> 00:51:36,420
not getting paid it's just it's just

1217
00:51:40,010 --> 00:51:38,280
like a a job you know if you don't get

1218
00:51:42,170 --> 00:51:40,020
paid well at one job you quit and you go

1219
00:51:43,490 --> 00:51:42,180
work somewhere else and people should

1220
00:51:45,410 --> 00:51:43,500
have more options but unfortunately

1221
00:51:47,450 --> 00:51:45,420
we're in a situation with monopolies

1222
00:51:51,109 --> 00:51:47,460
controlling things they have all the

1223
00:51:52,549 --> 00:51:51,119
power they could Apple and Spotify could

1224
00:51:54,530 --> 00:51:52,559
come out tomorrow and say remember what

1225
00:51:57,950 --> 00:51:54,540
we were paying you we're gonna have to

1226
00:52:01,370 --> 00:51:57,960
cut that in half and nobody would have

1227
00:52:02,930 --> 00:52:01,380
any power to stop them you know they

1228
00:52:05,030 --> 00:52:02,940
could basically just dictate anything

1229
00:52:07,309 --> 00:52:05,040
they want right

1230
00:52:10,130 --> 00:52:07,319
well this is the thing I mean you know

1231
00:52:12,049 --> 00:52:10,140
for for me personally I I was a musician

1232
00:52:14,569 --> 00:52:12,059
I you know

1233
00:52:16,730 --> 00:52:14,579
um I was in a rock and roll band and you

1234
00:52:18,829 --> 00:52:16,740
know we was really inspired by the

1235
00:52:20,270 --> 00:52:18,839
capability of the technology and we want

1236
00:52:22,010 --> 00:52:20,280
to bring an application that's going to

1237
00:52:24,410 --> 00:52:22,020
enable ART to artists to get paid

1238
00:52:26,569 --> 00:52:24,420
instantly and to be able to help people

1239
00:52:28,549 --> 00:52:26,579
they want to want to be able to to

1240
00:52:30,109 --> 00:52:28,559
monetize their content and I think this

1241
00:52:32,750 --> 00:52:30,119
technology is going to be really useful

1242
00:52:34,930 --> 00:52:32,760
for artists I'm coming to mind now I'm

1243
00:52:38,290 --> 00:52:34,940
getting a flack from you lots

1244
00:52:40,970 --> 00:52:38,300
I'm getting beasted I'm getting beasted

1245
00:52:44,270 --> 00:52:40,980
he said no Calvin isn't funding it but

1246
00:52:46,270 --> 00:52:44,280
air group so that that's is that is that

1247
00:52:49,430 --> 00:52:46,280
accurate air group is

1248
00:52:51,349 --> 00:52:49,440
yeah where we've got a PR release out so

1249
00:52:53,030 --> 00:52:51,359
uh yeah we're really happy to be

1250
00:52:54,410 --> 00:52:53,040
supported by some great people in this

1251
00:52:57,049 --> 00:52:54,420
space that want to see a legitimate

1252
00:52:58,490 --> 00:52:57,059
project come out it's an honor and uh if

1253
00:53:00,530 --> 00:52:58,500
it wasn't for the people that believed

1254
00:53:03,109 --> 00:53:00,540
in us to to make an incredible platform

1255
00:53:04,730 --> 00:53:03,119
that we're very lucky and uh we thank

1256
00:53:07,430 --> 00:53:04,740
all our partners you know that sounds

1257
00:53:10,970 --> 00:53:07,440
very this has very uh automated there

1258
00:53:12,770 --> 00:53:10,980
Stephen but you know I I am honored you

1259
00:53:14,569 --> 00:53:12,780
know I I'm I'm just a dude trying to

1260
00:53:16,190 --> 00:53:14,579
make a project that's that's going to be

1261
00:53:19,490 --> 00:53:16,200
useful for people and we're working on

1262
00:53:22,250 --> 00:53:19,500
this incredible technology yeah so um

1263
00:53:24,170 --> 00:53:22,260
yeah I I'm getting beasted by audience

1264
00:53:26,210 --> 00:53:24,180
but I appreciate them listening yeah

1265
00:53:28,609 --> 00:53:26,220
very well informed audience sometimes

1266
00:53:31,970 --> 00:53:28,619
yeah no they're a cool Bunch you know I

1267
00:53:35,210 --> 00:53:31,980
uh it's 3am where I am I'm barely you

1268
00:53:37,849 --> 00:53:35,220
know I I know you know uh I I thought we

1269
00:53:39,589 --> 00:53:37,859
could uh we could dip our toes into this

1270
00:53:41,210 --> 00:53:39,599
subject but it's very controversial

1271
00:53:43,250 --> 00:53:41,220
apparently and you're not the only

1272
00:53:46,730 --> 00:53:43,260
controversial every time I've seen a

1273
00:53:49,670 --> 00:53:46,740
show where a guy was advocating one over

1274
00:53:52,250 --> 00:53:49,680
the other the the audience reacts people

1275
00:53:54,230 --> 00:53:52,260
are very passionate in their choice you

1276
00:53:55,609 --> 00:53:54,240
know look at the Dogecoin situation what

1277
00:53:58,250 --> 00:53:55,619
do you think of Dogecoin in that

1278
00:54:00,950 --> 00:53:58,260
situation well at Dogecoin is looking at

1279
00:54:03,890 --> 00:54:00,960
added in segregated witness and um

1280
00:54:06,589 --> 00:54:03,900
Dogecoin is is a deflationary

1281
00:54:09,650 --> 00:54:06,599
um coin and it was obviously a meme coin

1282
00:54:11,089 --> 00:54:09,660
that caught on and um the Doge I don't

1283
00:54:13,069 --> 00:54:11,099
want to talk about price but you know

1284
00:54:15,530 --> 00:54:13,079
when someone as big as Elon Musk comes

1285
00:54:18,650 --> 00:54:15,540
out and says oh Dogecoin you know then

1286
00:54:21,890 --> 00:54:18,660
obviously lots of people buy into it

1287
00:54:23,350 --> 00:54:21,900
um yeah so uh at least a possible Silk

1288
00:54:25,849 --> 00:54:23,360
Road Bitcoin bidders

1289
00:54:28,490 --> 00:54:25,859
[Laughter]

1290
00:54:31,309 --> 00:54:28,500
yeah and so anybody building off of bsv

1291
00:54:33,349 --> 00:54:31,319
well I mean that's not true actually

1292
00:54:36,049 --> 00:54:33,359
that's not true that Calvin funds every

1293
00:54:38,750 --> 00:54:36,059
finger bsp I was at a Bitcoin SV meet up

1294
00:54:41,150 --> 00:54:38,760
in London uh not only tonight but the

1295
00:54:44,270 --> 00:54:41,160
other night uh it was called block Dojo

1296
00:54:46,970 --> 00:54:44,280
there was an incredible block Dojo is an

1297
00:54:49,309 --> 00:54:46,980
investment firm that funds is is looking

1298
00:54:51,710 --> 00:54:49,319
to fund over 250 different applications

1299
00:54:55,190 --> 00:54:51,720
and businesses in the space with seed

1300
00:54:58,609 --> 00:54:55,200
round of around 100K uh each I think it

1301
00:55:00,349 --> 00:54:58,619
is 100 cage so there's there's lots of

1302
00:55:01,730 --> 00:55:00,359
intelligent money and people that are

1303
00:55:04,010 --> 00:55:01,740
looking at this Enterprise level

1304
00:55:06,410 --> 00:55:04,020
technology to scale and it's all about

1305
00:55:08,870 --> 00:55:06,420
compliance you know I think crypto is

1306
00:55:10,190 --> 00:55:08,880
crypto and I think blockchain the bsv

1307
00:55:12,109 --> 00:55:10,200
blockchain is a different thing it's

1308
00:55:14,210 --> 00:55:12,119
more of a professionalized space that's

1309
00:55:16,910 --> 00:55:14,220
about their applications and using the

1310
00:55:19,370 --> 00:55:16,920
superpowers of what the original Bitcoin

1311
00:55:21,289 --> 00:55:19,380
protocol could do and that I suppose

1312
00:55:23,210 --> 00:55:21,299
that's you know people get very tribal

1313
00:55:24,950 --> 00:55:23,220
oh this is my coin that's my coin I

1314
00:55:26,450 --> 00:55:24,960
haven't I haven't sat here and said

1315
00:55:27,589 --> 00:55:26,460
anything aggressive to so anyway I was

1316
00:55:31,069 --> 00:55:27,599
just talking about the technical

1317
00:55:33,589 --> 00:55:31,079
fundamental fact you know and uh you

1318
00:55:35,750 --> 00:55:33,599
know people chase the money so

1319
00:55:37,549 --> 00:55:35,760
that that's that any final questions

1320
00:55:40,010 --> 00:55:37,559
Stephen because I'm going to turn into a

1321
00:55:41,150 --> 00:55:40,020
pumpkin soon I know it's like three

1322
00:55:44,390 --> 00:55:41,160
o'clock in the morning where you're at

1323
00:55:46,910 --> 00:55:44,400
right absolutely no I I think I think

1324
00:55:48,770 --> 00:55:46,920
we're good you know and and I appreciate

1325
00:55:53,569 --> 00:55:48,780
your uh passion for what you're trying

1326
00:55:56,270 --> 00:55:53,579
to do and uh you know I I will watch

1327
00:55:58,130 --> 00:55:56,280
that space and see what happens because

1328
00:56:00,890 --> 00:55:58,140
I'm interested in the application side

1329
00:56:03,289 --> 00:56:00,900
and the and the the businesses that

1330
00:56:06,530 --> 00:56:03,299
could be built on the technology is what

1331
00:56:09,530 --> 00:56:06,540
interests me more so than you know but

1332
00:56:11,809 --> 00:56:09,540
but then there is also like I said like

1333
00:56:13,789 --> 00:56:11,819
you said there's so many weird shadowy

1334
00:56:17,270 --> 00:56:13,799
dark things in that world that that

1335
00:56:20,089 --> 00:56:17,280
gives me great pause when I think about

1336
00:56:22,130 --> 00:56:20,099
jumping back in that Arena even to just

1337
00:56:23,750 --> 00:56:22,140
trade Bitcoin or whatever like a lot of

1338
00:56:24,890 --> 00:56:23,760
my friends are trading Bitcoin on an app

1339
00:56:28,069 --> 00:56:24,900
right now

1340
00:56:30,049 --> 00:56:28,079
and uh that that's a little scary to me

1341
00:56:31,789 --> 00:56:30,059
um it does seem I think I think I think

1342
00:56:33,109 --> 00:56:31,799
that's you know you know there's a great

1343
00:56:36,710 --> 00:56:33,119
article

1344
00:56:38,390 --> 00:56:36,720
um um by uh uh called the crypto cartel

1345
00:56:40,549 --> 00:56:38,400
that I'd recommend someone post it in

1346
00:56:42,650 --> 00:56:40,559
the troll box and that that gives a good

1347
00:56:44,990 --> 00:56:42,660
summary of the the very dark Forces I

1348
00:56:46,549 --> 00:56:45,000
think a lot of people think BT BTC is

1349
00:56:48,410 --> 00:56:46,559
here to save the world but it's not here

1350
00:56:50,089 --> 00:56:48,420
to save the world it doesn't can't do

1351
00:56:52,490 --> 00:56:50,099
anything for the world it's just a

1352
00:56:54,109 --> 00:56:52,500
speculative Ponzi you know and that's

1353
00:56:56,990 --> 00:56:54,119
that goes against people that are

1354
00:56:59,569 --> 00:56:57,000
probably holding the BTC and they

1355
00:57:01,430 --> 00:56:59,579
probably attack bsv by picking people

1356
00:57:03,829 --> 00:57:01,440
apart and stuff like that but I would

1357
00:57:06,289 --> 00:57:03,839
say look up uh look at people's proof of

1358
00:57:07,849 --> 00:57:06,299
work you know uh you know like you said

1359
00:57:10,370 --> 00:57:07,859
you you did you did some naughty stuff

1360
00:57:13,609 --> 00:57:10,380
when you was younger are you doing

1361
00:57:16,130 --> 00:57:13,619
naughty stuff now and I'm trying to I'm

1362
00:57:17,809 --> 00:57:16,140
trying to yeah and the trouble so I

1363
00:57:20,089 --> 00:57:17,819
would say your proof of work is

1364
00:57:22,250 --> 00:57:20,099
exemplary that you've got a built

1365
00:57:24,589 --> 00:57:22,260
history of what you're doing and there's

1366
00:57:28,130 --> 00:57:24,599
nothing wrong with entrepreneurs and

1367
00:57:30,230 --> 00:57:28,140
Industrial uh experts investing in a

1368
00:57:32,450 --> 00:57:30,240
space and developing it what's happening

1369
00:57:35,690 --> 00:57:32,460
is I think there's a lot of misunderst

1370
00:57:37,970 --> 00:57:35,700
is JB well known why are you by the way

1371
00:57:40,609 --> 00:57:37,980
uh yeah he's been in my live chat a

1372
00:57:43,510 --> 00:57:40,619
bunch of times so you sure I I I I think

1373
00:57:45,770 --> 00:57:43,520
JB reads it too much bit bit too much

1374
00:57:48,289 --> 00:57:45,780
Telegraph if you don't mind me saying

1375
00:57:51,890 --> 00:57:48,299
but I love the JB bless you you should

1376
00:57:54,170 --> 00:57:51,900
come on we have a lively live chats here

1377
00:57:56,150 --> 00:57:54,180
and we allow that see a lot of shows

1378
00:57:57,829 --> 00:57:56,160
would uh you know be muting people or

1379
00:58:00,170 --> 00:57:57,839
not allowing people to ask questions we

1380
00:58:01,670 --> 00:58:00,180
like to be a little more open here well

1381
00:58:03,890 --> 00:58:01,680
I appreciate willingness to take the

1382
00:58:07,069 --> 00:58:03,900
questions and not you know shy away from

1383
00:58:09,289 --> 00:58:07,079
tough tough live chat participants no

1384
00:58:11,150 --> 00:58:09,299
it's been a pleasure and and I I thank

1385
00:58:12,829 --> 00:58:11,160
the audience as well look you know at

1386
00:58:14,930 --> 00:58:12,839
the end of the day I I would say look at

1387
00:58:17,089 --> 00:58:14,940
what is actually happening and not what

1388
00:58:18,650 --> 00:58:17,099
people were saying about it look at what

1389
00:58:21,349 --> 00:58:18,660
is being built it's easy for people to

1390
00:58:22,789 --> 00:58:21,359
say oh yeah bad Aussie man Dr Craig

1391
00:58:25,549 --> 00:58:22,799
Wright but look at the fact that he's

1392
00:58:28,430 --> 00:58:25,559
spoken about touring completeness AI on

1393
00:58:30,109 --> 00:58:28,440
bitcoin uh you know metanet metaverse

1394
00:58:31,670 --> 00:58:30,119
all these kind of innovative things that

1395
00:58:33,650 --> 00:58:31,680
are actually being built and coming out

1396
00:58:36,230 --> 00:58:33,660
and I'd look at the actual technical

1397
00:58:39,470 --> 00:58:36,240
fundamentals as opposed to the kind of

1398
00:58:40,970 --> 00:58:39,480
generalist tribalism you know I I those

1399
00:58:43,430 --> 00:58:40,980
things don't interest me I'm more

1400
00:58:45,530 --> 00:58:43,440
interested in the

1401
00:58:47,809 --> 00:58:45,540
um actual technology of what can be done

1402
00:58:50,510 --> 00:58:47,819
and and proof of stake is centralized as

1403
00:58:54,289 --> 00:58:50,520
well so any asset built on a centralized

1404
00:58:57,170 --> 00:58:54,299
blockchain where uh stakeholders that

1405
00:58:59,329 --> 00:58:57,180
own more than 51 of the coin can't make

1406
00:59:01,490 --> 00:58:59,339
it a valuable commodity you know a bit

1407
00:59:03,710 --> 00:59:01,500
of economic theory you know because if

1408
00:59:05,809 --> 00:59:03,720
me and Stephen own all the coins then

1409
00:59:08,329 --> 00:59:05,819
that coin isn't really fundamentally

1410
00:59:10,549 --> 00:59:08,339
technically worth anything so you know

1411
00:59:13,730 --> 00:59:10,559
and those kind of Technologies can be

1412
00:59:16,430 --> 00:59:13,740
built on proper blockchain so I think

1413
00:59:17,690 --> 00:59:16,440
what we're going to see and blessed JB

1414
00:59:19,430 --> 00:59:17,700
in the chat

1415
00:59:21,589 --> 00:59:19,440
um what we're going to see is but I

1416
00:59:22,970 --> 00:59:21,599
don't think JB understands and done

1417
00:59:24,710 --> 00:59:22,980
enough homework it's more welcome to

1418
00:59:27,410 --> 00:59:24,720
come on my channel we have a chat about

1419
00:59:29,809 --> 00:59:27,420
it and I will give you some recipes I

1420
00:59:31,190 --> 00:59:29,819
hope that I hope that you let them so I

1421
00:59:32,630 --> 00:59:31,200
want to thank you for joining us and

1422
00:59:34,309 --> 00:59:32,640
maybe we'll do it again sometime I wish

1423
00:59:36,049 --> 00:59:34,319
you the best of luck in especially in

1424
00:59:38,329 --> 00:59:36,059
the technical side of things I hope that

1425
00:59:40,549 --> 00:59:38,339
you do make some changes especially to

1426
00:59:43,190 --> 00:59:40,559
the world of online music streaming and

1427
00:59:45,289 --> 00:59:43,200
how much musicians get paid that would

1428
00:59:47,089 --> 00:59:45,299
be a well that would be a great change

1429
00:59:49,490 --> 00:59:47,099
in the world and I hope you get to do

1430
00:59:50,990 --> 00:59:49,500
that no sweat man take it easy buddy and

1431
00:59:53,890 --> 00:59:51,000
thank you very much

1432
00:59:57,049 --> 00:59:53,900
all right friends boy I I you know

1433
01:00:00,829 --> 00:59:57,059
this may be why we never really cover

1434
01:00:02,569 --> 01:00:00,839
crypto is a hot button it is people are

1435
01:00:04,370 --> 01:00:02,579
very passionate about what they believe

1436
01:00:07,430 --> 01:00:04,380
about what coins are great and what

1437
01:00:10,750 --> 01:00:07,440
coins people should avoid I'm the no

1438
01:00:13,730 --> 01:00:10,760
expert so I may have been a little too

1439
01:00:16,430 --> 01:00:13,740
uninformed before tonight's show and for

1440
01:00:19,010 --> 01:00:16,440
that I apologize uh

1441
01:00:21,349 --> 01:00:19,020
and you can follow six senses reminding

1442
01:00:22,910 --> 01:00:21,359
people where they can follow Shem Booth

1443
01:00:24,829 --> 01:00:22,920
Spain if they want to learn more about

1444
01:00:29,930 --> 01:00:24,839
our guest tonight who I thank for

1445
01:00:33,650 --> 01:00:29,940
joining and and uh thank uh for

1446
01:00:35,150 --> 01:00:33,660
coming and uh being an interesting guest

1447
01:00:37,670 --> 01:00:35,160
for sure

1448
01:00:39,829 --> 01:00:37,680
I uh this is one of the reasons however

1449
01:00:42,289 --> 01:00:39,839
that I have avoided people ask me to do

1450
01:00:43,970 --> 01:00:42,299
shows on crypto I don't I'm not I'm

1451
01:00:46,789 --> 01:00:43,980
certainly no expert had some early

1452
01:00:49,250 --> 01:00:46,799
involvement but it was so long ago and I

1453
01:00:52,309 --> 01:00:49,260
just don't keep up but I do know that

1454
01:00:55,069 --> 01:00:52,319
many of my friends are doing uh crypto

1455
01:00:57,470 --> 01:00:55,079
trading on those apps Robin Hood and

1456
01:00:58,069 --> 01:00:57,480
others and

1457
01:01:01,309 --> 01:00:58,079
um

1458
01:01:03,470 --> 01:01:01,319
me I'm partially too poor and partially

1459
01:01:05,390 --> 01:01:03,480
too cheap and I feel like it's just like

1460
01:01:07,670 --> 01:01:05,400
going to the casino I might as well just

1461
01:01:09,530 --> 01:01:07,680
there's a casino a half hour for me I

1462
01:01:10,430 --> 01:01:09,540
might as well just go and sit at a slot

1463
01:01:15,410 --> 01:01:10,440
machine

1464
01:01:17,690 --> 01:01:15,420
and that to me is is is very similar to

1465
01:01:19,730 --> 01:01:17,700
sitting there in the morning going all

1466
01:01:21,770 --> 01:01:19,740
right which coin may go up by the end of

1467
01:01:23,329 --> 01:01:21,780
the day so I buy the coin I have friends

1468
01:01:24,770 --> 01:01:23,339
that do this they buy the coins in the

1469
01:01:27,410 --> 01:01:24,780
morning they sell the coins at night

1470
01:01:30,010 --> 01:01:27,420
after they've gone up but you know a few

1471
01:01:34,130 --> 01:01:30,020
bucks or whatever and they try to

1472
01:01:37,849 --> 01:01:34,140
uh win in what I consider a casino

1473
01:01:40,130 --> 01:01:37,859
I am also very suspect of many of the

1474
01:01:43,250 --> 01:01:40,140
you know business there's a lot of shady

1475
01:01:46,130 --> 01:01:43,260
business dealings surrounding crypto and

1476
01:01:48,710 --> 01:01:46,140
that has kept me from jumping in and

1477
01:01:51,589 --> 01:01:48,720
again that whole Casino aspect

1478
01:01:54,470 --> 01:01:51,599
my interest has always been in the

1479
01:01:56,990 --> 01:01:54,480
technology of the blockchain and crypto

1480
01:01:59,510 --> 01:01:57,000
and you know and the

1481
01:02:05,510 --> 01:02:03,289
anonymity the privacy and and I I do I'm

1482
01:02:08,809 --> 01:02:05,520
sort of anti-government myself so I like

1483
01:02:11,329 --> 01:02:08,819
the idea of crypto of having some form

1484
01:02:13,549 --> 01:02:11,339
of currency that couldn't you know was

1485
01:02:17,630 --> 01:02:13,559
out of the hands of world governments

1486
01:02:20,750 --> 01:02:17,640
and independent of that that was the

1487
01:02:23,329 --> 01:02:20,760
promise but what we really got now is

1488
01:02:24,890 --> 01:02:23,339
this it's somewhat of a circus I would

1489
01:02:25,849 --> 01:02:24,900
say

1490
01:02:30,829 --> 01:02:25,859
um

1491
01:02:32,150 --> 01:02:30,839
and that is where I'm at with this so I

1492
01:02:34,190 --> 01:02:32,160
want to thank each and every one of you

1493
01:02:36,529 --> 01:02:34,200
for joining us we are going to be taking

1494
01:02:39,049 --> 01:02:36,539
a few detours and I hope that our

1495
01:02:40,490 --> 01:02:39,059
audience you know from normal topics

1496
01:02:43,430 --> 01:02:40,500
that we cover and I hope that our

1497
01:02:47,089 --> 01:02:43,440
audience will indulge me so that we get

1498
01:02:48,529 --> 01:02:47,099
a little more than the same subjects all

1499
01:02:49,910 --> 01:02:48,539
the time

1500
01:02:51,710 --> 01:02:49,920
um

1501
01:02:54,349 --> 01:02:51,720
I want to thank each and every one of

1502
01:02:56,569 --> 01:02:54,359
you for joining us uh we'll be doing an

1503
01:02:59,390 --> 01:02:56,579
after party for tonight's show in our

1504
01:03:01,069 --> 01:02:59,400
Discord watch my Twitter I will post a

1505
01:03:04,849 --> 01:03:01,079
new invite I think the old one may have

1506
01:03:07,970 --> 01:03:04,859
expired I will post a new invite to

1507
01:03:10,549 --> 01:03:07,980
our Discord server will will be in there

1508
01:03:12,349 --> 01:03:10,559
for a show after party right after the

1509
01:03:13,910 --> 01:03:12,359
broadcast ends and you can come talk to

1510
01:03:15,770 --> 01:03:13,920
me I'm sorry I didn't have very much

1511
01:03:17,930 --> 01:03:15,780
time to interact with the audience

1512
01:03:18,849 --> 01:03:17,940
tonight but I'm glad that you are all

1513
01:03:22,549 --> 01:03:18,859
here

1514
01:03:24,829 --> 01:03:22,559
uh so what can I say folks I'm always

1515
01:03:27,589 --> 01:03:24,839
happy when there's an audience I'm so

1516
01:03:29,930 --> 01:03:27,599
happy that you could come here today and

1517
01:03:31,910 --> 01:03:29,940
be a part of mine

1518
01:03:34,250 --> 01:03:31,920
until next time friends

1519
01:03:38,900 --> 01:03:34,260
my name is Stephen cambian good night

1520
01:03:38,910 --> 01:03:55,750
[Music]

1521
01:04:29,870 --> 01:03:57,810
thank you

1522
01:05:09,070 --> 01:04:37,450
[Music]

1523
01:05:18,650 --> 01:05:09,080
[Applause]

1524
01:05:18,660 --> 01:05:43,240
foreign