Hello everyone this is adam meister the bitcoinmeister the disrupt meister welcome to this week in bitcoin what a week it was today is December the 22nd 2017 strong hand oh yeah that’s and I know a lot of you had strong hands I hope no one had a weekend we’re gonna discuss this it was such a big week we were at almost 20 thousands of beginning we almost hit 10,000 yesterday what a wild ride it’s predictable though this is Bitcoin every week is bigger than the next but we needed four men on the panel for real strong American men to take off this week so we got rocky out there in California we got Corey out in Colorado we got Daniel and I think you’re in New York now and Shane is in Washington State and I’m just this week I am in Tucson Arizona but I wanted to introduce everybody to Corey he is like the behind-the-scenes world crypto Network dude he does the podcast stuff so you’re getting some special insight he’s making his debut though here on the panel the other three guys you’re familiar with but he is awesome so since he’s the newbie of the group I’m gonna send the first question over to him and that is what did you do these last few days what did you think about these last few days when there were people panicking and screaming about Bitcoin it’s the end of the world the price is dropping did you have a strong hand what do you think is behind all this in what do you think the future is for Bitcoin thank you welcome honestly I didn’t really even notice much of anything going on this week because and if you’ve been in Bitcoin for a while these things come and they go pumps happened dumps happen and after a while you don’t really even notice anymore this one was kind of significant but only because the price of Bitcoin had gotten so high so to pull back to 13 to 15 words been bouncing today you know to me that’s just par for the course and no you know you don’t sell Bitcoin ever you hold it forever that’s how it goes so that’s pretty much what I did I had a bunch of people calling me panicking freaking out wondering what’s going on and I’m like what do you mean what’s going on and I had to explain to so many people that this happens and you want this to happen because you want the pullback you want to be able to take up more Bitcoin at a low price and that’s pretty much it bitcoins gonna continue to do this I’m really looking forward to $100,000 Bitcoin when the swings are 10 and 20,000 day traders like me will make it pretty penny when that happens while the rest of the world is freaking out so no it was not a big deal to me whatsoever yes I’m glad you had a strong hand this week I can’t see why people this is going to be the biggest transfer of wealth like in the history of modern math people are gonna get really wealthy from holding their Bitcoin why would someone get rid of that opportunity this week just because of one drop when there have been four or five similar drops percentage-wise this very year just like this I mean it’s it’s as if 80 percent of people out there or newbies know that they probably are all right so dang what do you think about all this stuff well I mean at this point I’m pretty just immune to it I’m a hundred percent in altcoins right now which seems to be uh you know beginning of trend cycles and you know it’s funny it’s uh you know I had dinner with um lunch with family earlier and they’re like oh you know but you lost a bunch of money today didn’t ya Anna you know I was like well you know it is down a little bit but it’s not profit or loss until you sell and that’s not something you know that I’d like our other panelists said you it’s not something that I plan on doing not something that’s necessary when you consider the Bitcoin bubble I mean what are we a 600 billion cap total or something like that for all cryptocurrency based assets and we have a global phenomenon and we have banking issues and inflation issues across the entire world and then you you know you compare it to the dot-com bubble which had trillions of dollars in cap and was a domestic phenomenon it’s just unfathomable to at least completely cash out right now when there’s so much potential upside left and it’s silly to be a talk caller or even try to speculate on where this may go because it really the sky is the limit well thank you for your opinion Daniel and I want to say to everyone everyone’s links are below all these guys you can learn more about them

they’re pertinent links are below along with links to get discounts for your trade or at crypto hwy low calm and the link to the podcasts that you might be listening to right now the world crypto network podcasts all sorts of other awesome links so what’s going on in laid-back California rocky where did you did you have a strong hand were people saying is this the end of the world what do you think about what do you think about all this well first I’d like to say pound that like button yeah I did have a strong hand I did get a few phone calls from people a little bit worried you know I had to hold their hand a bit but you know you have to remind people that when everything’s good everybody talks about buying the dip and now here’s this beautiful dip to pie and everyone seems to forget that buy the dip thing um this was an opportunity to add to your bitcoins – that’s how I saw this yeah yeah it is a very positive outlook and you know you do have all these big talkers out there they’re like well it’s too expensive if it ever drops I’ll buy it well now here’s your chance people are you a doer or are you a talker hey and speaking about I want there’s something I forgot to say about about Daniel there if you’re a veteran watcher of this show there was a time when I said there is a guy out there who’s been on this show he is like the best salesman in the freaking crypto fancy space one of these crypto dividends should hire the dude especially one of these Chinese ones and you know they can’t speak a word of English very well they should hire a great salesman and I didn’t say who it was well now you know they should hire you man one of these be diamond if you guys are listening get in touch with it now I don’t know if Daniels gonna want to do something like this but he is he is where the greatest salesman in the cryptocurrency space people loved you when you were talking deke rent that one actually had a mama I’ve actually been hard somewhere it’s enough coming I see oh it’s a friend of mine mr. Ron again and it’s it’s different it’s I’m really passionate about exercise and health and it’s called jolt and it’s going to reward users for exercising essentially and then we’re gonna have partnerships with hardware manufacturers you know to where when you exercise it will actually block your exercise and that’ll be how you mind the group of currency and you know there will be a whole interactive ecosystem but you know it’s still really in the early phases but it’s it’s gonna be really cool and I’m excited about it just because I’m passionate about fitness and you know being in shape and stuff what did I say people always be closing he’s all I don’t know that was gonna happen I held that like button for unexpected always be closing ABC okay hi I’m those salesmen shame first of all Shane actually I think he thinks it’s really awesomely cool if people are gonna be able to exercise one day and make cryptocurrency off of exercising the shade is into that type of you know just doing everyday things earning cryptocurrency he’s that he’s a big dude on steam it and he will talk about that in a second but Shane did you you have to live in real life man you got a kid a wife you got your jobs or a change and you’re going back to school there were times when you could not have a strong hand now what did you think about this situation but at the same time tell us your real life experience about when the pressure comes when you do sometimes feel the pressure to you know cash out well first of all what is up Adam it’s been a while it’s good to see you it’s good to be on the show again huh Shane come on out coming through wait yeah does everybody who pause there does anyone can you hear me every way I could hear you I’m not seeing then who paused Shane what okay well I’m kind of like the others I saw the dip happen it didn’t really this is normal you know I mean I if somebody gets into Bitcoin or cryptocurrency in general and not expecting volatility if you were surprised by this then you need to do a little more research probably and look into what all this stuff is about but yeah in terms of actually living in real life you know I’m not I do that you know I’m trying my own thing and I have used steam it and I have actually not bought a Bitcoin since it was under five hundred dollars a few years ago I’ve actually earned all of my Bitcoin through doing different kinds of work for people or mostly through steam

it as well so in that case yeah it’s cryptocurrency actually helped me pay for school it helped to support myself and my family when I was going through school and you know that’s kind of the real world area I know a lot of people want to hold and obviously I want to hold too but there does come a time where this cryptocurrency rubber meets the road and it has an actual use case it has a value in the real world and for me that translated into months of of supporting myself and my family and getting an education learning how to coach so I’m very appreciative of cryptocurrency very appreciative Bitcoin and I really look forward to these these new technologies that are coming out that are using user based or user generated tokens such as like exercising and mining and cryptocurrency that kind of stuff is that’s where I see the future of cryptocurrency really going in terms of just alt coins or perhaps sidechain type projects with Bitcoin acting like the central bank of sorts for crypto that is the trust value system for everybody else well-said will say and you know what you you had to use the crypto because you had to get through school but you are gonna be a much sought after person what when you’ve got your whole new skill set going I mean that that type of thing that you’re trying to be that people want me there in much much demand right Oh totally that’s just a major that’s the push in the tech industry right now I mean people who work in blockchain they get paid more on average than other people I mean it’s they’re looking for people it’s the major hiring area in technology right now as blockchain technology so anybody who’s getting into coding I really do recommend it not just because it’s my own personal passion but because that’s where you’re gonna see the most growth for yourself and it’s a super exciting area to be working in yes and ask to be paid a Bitcoin if you yeah so yeah but seriously Lord learn to code but the it is people they are so they’re sought-after now okay totally and it’s yeah you don’t have to go to college for gaming you can learn it on your own you can learn it through how you write there what’s code fellas yeah I learned there you go people this is not about paying sixty thousand dollars a year to go to University of Arizona down the street there to party your butt off with the hot supposedly there’s some hot ladies down there I’m gonna go check it out tomorrow they’re all on vacation now but I you know I heard they were like ranked some of the hottest ladies I mean if you care about those kind of things remember value your wealth in Bitcoin not in high Arizona University Arizona women but I am curious to see the scrolling down down sweetie doing my rough anyway no we don’t we want to stay on topic here town that like bunny if you like when I stay on topic all right so real quick everybody what do you what its it’s 13,000 right now I don’t care about the price that much yeah what do you guys think the price is going to be at the start of 2018 on New Year’s when the when the ball drops rocky what do you think oh that’s a tough one after the past few days here hmmm I have to say higher I think it’s gonna be higher that’s a good answer you have to give specific numbers cool Cory it’s gonna be higher but not much I think there’s a lot of confusion in the space right now for new people entering so you never know what effect that might have on the short-term price but I don’t see anything higher than really 1516 for probably the next month or so all right Daniel I would agree with Cory that’s your name that’s a pretty good perspective in my opinion but you’ve got people sawing off for Christmas gifts people showing off for tax season by the way pay your taxes because you were gonna be in big trouble if you tell them this year they’re really coming after people but yeah it’s a it’s it’s not gonna it’s not gonna probably make a new a th before the end of New Year’s and you know what we’re what a really good indication of that to me is you see so many bullish trends starting in altcoins right now and the last time that happened you know we kind of saw a sideways or consolidation phase for Bitcoin before it just went absolutely crazy so in trading there’s something new we call a fractal which is kind of a repetition of a previous pattern that has occurred and that’s kind of what I see going on right now is this sideways consolidation you know altcoins will go up don’t be greedy don’t be a bad odor or a community member you want to dump on everyone at the table when everyone’s excited hold of Bitcoin and 2018 should be a wonderful year for you all right good good prediction for 2018 wonderful year ahead perhaps all right Shane before you say what you think the price prediction is you can only show many times didn’t you give a light coin price predict prediction once what was that

price prediction you had for litecoin a long time ago yeah I said $1,000 by the end of the year I was kind of joking I didn’t expect it was gonna get even anywhere as close as it did but yeah dude that is like basically you predicted it I mean it was like two three dollars so obviously Shane is the web bot you should all worship Him Langly and pay him lots and lots of money and call him web bot because he predicts the future he also says aliens are going to land in Israel like the web bot does you know he’s just as reliable as the web BOTS as all you people who Bly 80 percenters who follow that so fuck you 80 percenters follow only listen to Shane for that not for that reason not because he’s a real t because he is a really super smart guy but don’t listen to him because that listen too busy made a crazy prediction and it sorta got right because you know a thousand is kinda like four hundred there zeros there you know you just got to interpret the magic 8-balls prediction a certain way alright so Shane what do you think what do you what do you what do you see for Bitcoin on New Year’s Day is gonna be high or lower any any specific numbers anything um I see it sticking around about what it is now it could be a little bit higher but like other people who said there’s a lot of new people jumping in on this who don’t know what they’re jumping in on they just they hear about it I mean the amount of people I’ve heard just in my daily life we were talking about Bitcoin and not just Bitcoin but all sorts of other altcoins to people who just wouldn’t even know a Bitcoin was a year ago all of a sudden no a light coin is what ripple is what dogecoin is you know these all of a sudden it’s just all out there and everybody’s talking about it so I think you’re gonna see a lot of people who are not prepared for volatility even though they’ve been warned for years and years and they can see the trends they were not ready they bought high and then they’re seeing the price go down and they’re gonna freak out which is probably good for the market overall Wow clearly you are the web bot and people need to pay you fifty dollars for your newsletter feel that will be filled with complete nonsense and number is that anyone can interpret you are the web bot pound that like button ie is really the red box because he’s a Washington state with that crazy guy who says he’s the web buyer you’re both in Washington State I mean obviously you’re really him aliens took over his body and transferred him to you because that’s the kind of stuff that you get when you believe in the web bot you know aliens turning in those shape-shifting into Shane and stuff like that no shade is awesome but the web part yeah you know and if you’re a newbie I’m gonna comment on that second please do it really need more people to call out scammers like cliff high and their web BOTS because that’s Justin risk and me BS and it’s so many people flooding to content like that it’s it’s really you know it’s it’s people love doom stories they love doom stories this channel is not about to doom baby this is about real life positive and sometimes the real life can be kind of its it could be scary when the price drops like that okay but no one can predict it no one has a magic 8-ball if you if you say ambiguous numbers if you say ate ate ate ate Shore it’s gonna it’s gonna go by 1888 once and you’ll be right yeah sure so while we’re on the opinion well while we’re talking about madness here let’s let’s bring up be cash because be cash had a wild pump and king of the trolls was on the TV and everything seemed to go right for me cash as if it was all coordinated I mean it’s just it’s just amazing and how they say but we saw in November we saw in December it will happen again probably but rocky you’ve got some app it you’ve got some thoughts on be cash here so I’m gonna let you take it because you want to speak about being cash and people want to hear about be cash so rocky what’s going on with P – well it’s not a very good chain in my opinion there’s so many things about it that are bad it’s hard to know where to start but let’s start with developers you know they have a handful of developers five or six what a lot of people call berated developers Bitcoin has a hundred and twenty of the best developers and then there’s a hash rate let me share a screen with you and I can show you what I’m talking about there we go so here is a website that’s showing the recent hash rate I just refresh your screen right before we went live this is for dot lol and if you go to the end here so Bitcoin has fifteen point four to seven EXA hashes and b cash has 1.6 1 X hashes

so that’s a big difference of course hash rate gives the chain a lot of security so then there’s nodes nodes are very important that actually runs the code when you look at Bitcoin it’s got about nine thousand nodes active nodes out there right now and B cache has 1,200 so there’s a big difference there and then there’s the scaling issue you know their claim to fame is how fast and cheap they are and that’s what they really have there is a very short-term solution to a long-term problem I had a whole presentation that I could have given you that went into much more detail but I’ll try to just go through it quick here to get worldwide mass adoption you’re going to need about a hundred thousand transactions per second if you’re gonna compete with the bank’s with Visa card MasterCard all these transactions worldwide you’re gonna have to have at least a hundred thousand transactions per second just to start off with so Bitcoin right now has a 1 Meg block size plus segment which gives it about to if if everybody’s using this sync with transactions and you can’t do that now because not all day wallets habit that option yet but that’s all coming so right now with a 1 Meg it’s most blocks are a little bit over 1 Meg right now they’re about one point zero five to one point one most of them but um with about a one Meg block size you’ve got about a three transactions per second limit and a node would have to add if all the blocks are full no would have to add a new one terabyte hard drive every 19 years so with when segue gets going full speed it’s going to have about a 2 Meg block size with so that’s going to give us about 3 Trent 6 transactions per second about 3 extra and you and if all the blocks are near full you’d have to add a new terabyte hard drive once every nine point five years now when they when segment really gets going and they add the Schnoor signatures which kind of compress the signature data it’s going to be three 23.8 meg locks eyes we’re just going to give us about twelve transactions per second and if the blocks are mostly full you’d have to add a one terabyte hard drive every four point seven five years but that’s they would now what that’s you know Bitcoin the way it is now with say quit running full speed and the sourcing is your update now what we cash did was they just got rid of say what the best update to Bitcoin since Bitcoin started they just ripped that out and just gave it an eight make block size which does start to possibly increase the orphan rate which is bad and that’s just going to add another twelve transactions per second and if these blocks are mostly full which they’re not because nobody’s using that chain but if they were you’d have to add another one terabyte hard drive every two point three seven years but you’re still nowhere near that hundred thousand transaction per second goal so now if you keep going down my list here I’m going to speed through this we don’t want to go through all this would take too long so now with these block sides these block sizes here you could see it’s going to really start having a major issue with orphan rate which is really bad you’re gonna have to add a one terabyte hard drive to your node every thirteen point six days when you get to a 512 megabyte block size but you’re still only at 1,500 transactions per second nowhere near what you need for worldwide adoption so let me go down a few more here when it starts to get close here um you’ve got ninety-eight thousand transactions per second so that’s real close to your goal but you have a 32 gig block size that’s going to take one point four hours to download for a node to download this then that node has to propagate that block to four or five other nodes so that’s about seven hours processing time for a block that comes in every ten minutes does anyone see a problem here um and you’re gonna have to add a one terabyte hard drive every five hours if these blocks are anywhere near full so this is just you know it’s completely not do this is no way to scale so let’s go fast it’s not sustainable but can’t they just fork off and change all this stuff though I mean is it is that is that what’s gonna happen here you mean be cash working again yeah exactly that could do they can do whatever they want but with a handful of d-rated developers are you gonna trust your hard-earned money to score your value on that chain nothing well you know that that’s a great that’s your point yeah I mean exactly they’re gonna fork it yet but you keep going keep going yeah yeah they came up with the great idea the EDA right that was another short-term solution to a

long-term problem that really just created a bunch of inflation and is going to get them to the next having much sooner than Bitcoin which is going to cause a new host of a bunch of problems there I could go into much more detail that if you want to but again time restraints but so here’s the summary of what you know to get to the goal here with be cash just by you know doubling the block size now a seg wit the thing about seglet is is it fixed the malleability issue which allows you to do or makes it much easier at least to do the side chains and second layer solutions and the first side chain we’re going to get is called RSK which will start off giving us about 400 transactions per second and have a 10 second confirmation time and then about a year after it starts its going to increase that transactions per second at 400 to about 2000 and it also adds aetherium like contracts and then the first second layer solution would be the Lightning Network which hat which is able to do about a hundred thousand transactions per second with instant confirmations so there’s with just those two just the first side chain not all the side chains that are coming and the first second layer solution not all the second layer solutions coming with just these two additions to be a coin because of sake but we’re we’re beyond the initial goal of worldwide mass adoption with a cryptocurrency at a hundred thousand transactions per second really more about a hundred and two thousand transactions per second i but i want to clarify one thing here say would you believe right now with let’s go into a Bitcoin but you’re messing said what people are complaining about the Bitcoin not the fees that everyone’s paying but if everyone did adopts eggwin we wouldn’t have this problem saying what is the solution to the problem that people are yelling about correct knocking yes it’s a solution but it’s not so immediate as just doubling the block size now doubling the block size like be cash did everyone on that chain has to update all at once that’s what you call a hard fork now segment was a soft fork it’s backwards compatible so not everyone had to update so all the wallets and stuff that don’t support Segway yet those wallets still work if segment was a hard fork and those wallets didn’t update they simply would not work that’s kind of the beauty of a software because you don’t have to comply right away but you know hopefully everyone’s going to comply you know very soon and we’ll see the full effects of you know the people have been real quick the thing that’s been frustrating me the most is that the people who’ve been getting on CNBC and on TV saying that bitcoin is slow and expensive or the people who are causing it to be slow and expensive if companies like coinbase would implement segments we wouldn’t have these high fees I wouldn’t be waiting 20 hours on a Bitcoin confirmation so these people are basically they’re lying to you when they’re telling you that Bitcoin is slow and expensive because it’s not the solution is in place they’re just refusing to move forward because they’re more interested in lining their pockets with fiat than they are in in helping the Bitcoin ecosystem grow and that’s that’s the thing that just kills me kills me yes yes and I could add to that another thing because when cigarette was implemented it said wouldn’t then allows you to have up to four Meg block size now Roger who’s been screaming about larger blocks for the better part of the past two years right or if not more now he’s been screaming for larger blocks but as soon as cigarette activated he could have been mining larger blocks and he refused to mine larger blocks for about four months then he started to sometimes mine larger blocks but you know he never was very committed to it and just very recently looks like he stopped mining Bitcoin altogether which is good and but you know it would have been nice to see the the main person who was for larger blocks start mining block larger blocks immediately and you know that just didn’t happen because they don’t care a blob size they really don’t do they I mean this was about control of the Bitcoin protocol they don’t care about block size they care about making money and they care about hijacking control from what they perceive as an organization which isn’t an organization the Bitcoin core is a process it’s not a group so basically when you listen to Roger veer and all these guys talk about big blocks they’re they’re just straight lying to you the block size debate is not about block size it’s about control and that’s what most people seem to have fail to recognize the still at this point yeah I still think it’s about a sick boost if you look quite a few months I think was the first or second time I was on atom show I did a complete very thorough presentation on what a sick boost is and how it was affecting the situation and that’s why when segue to X came out that proposal I’m like this thing’s never gonna fly they don’t want this it has segments in it and that breaks their ASIC boost and sure enough before it launched it was canceled by a handful of people why six people signing

a paper that project was cancelled updates and bug fixes and things don’t get implemented or canceled by a handful of people signing something no it’s consensus in Bitcoin you gotta have consensus to make changes like that but that just shows how centralized that chain is and you know that that’s just a very bad thing and that’s another thing it’s not what you do is how you do it and there’s a very specific way that Bitcoin is upgraded and it seems as though people who want a fork Bitcoin or make these block size changes they just don’t want to play by the rules of the system they just want to create their own rules and that’s just not how the system operates they’ll never succeed trying to fork away or take a course of action that can be perceived by us as hostile well there they are freedom Oh Oh looks like everyone’s live but Adam yeah I think we lost him daddy’s gone everybody behave yourselves I’m gonna make a comment here in general on these Bitcoin forks I despise these Bitcoin forks and Adam while I love you to death I really I do not really like this crypto dividend concept that you’ve been promoting basically the way I see it is everyone who’s been forking Bitcoin is doing a huge pre mine be cash is the biggest pre-plan of any coin that’s ever been they just photocopied Bitcoin and said we got 16 million of them these guys pre mine for their own self gain and then they basically would think you take your crypto dividend and you sell it that’s bribe money they’re saying hey forget the fact that we mined a bunch of coins for ourselves that we really don’t care about that we’re gonna dump for Bitcoin here’s some crypto dividend for you so you look the other way I made a big mistake by selling my be cash right away as soon as I could in hindsight I shouldn’t have done that I should have held it forever every single one of these crypto dividends is gonna die with me because when as soon as you sell it you’re contributing to the circulating supply and you’re taking bribe money so I’ll never cash out one of these crypto dividends ever again because to me it’s uh it’s not ethical if you support right now here we go and like clams for instance you know that’s a fork of the code right they didn’t fork that sure right so it was an airdrop to existing Bitcoin holders air drops in general I have another problem with but for other reasons we can talk about another time but if you come out and call your coin bit coin x or Bitcoin Y and you create a sort of crypto dividend you’re you’re why didn’t you do it the right way why didn’t you gain community support why didn’t you launch a Genesis block and call it something else and then try to win on the merits not the name it’s kind of guys can you hear me am i right this is the Arizona you’re second I go away Corey starts talk about crypto dividends Manik even it’s free money no complaint we got off on a side topic there um okay so rocky I was about to ask you um conclusionary remarks about be cash and then everybody else chiming about be – well um I don’t like be cash very much I sold mine right away I traded in for Bitcoin I’m sorry Corey but you know I just saw I don’t particularly like all these Forks I get that I think it Fusion to the space I’d much rather be without them but if you’re gonna drop this currency in my lap I’m gonna turn it into a Bitcoin I mean it’s the same thing if you walked into this room just dumped a bunch of euros in my lap I’d convert that into a Bitcoin or any other currency any time I want to store value I’m gonna store it in Bitcoin all right now specifically about being cash does anyone have anything to comment about the be cash puppets obviously it is very centralized when they can just change so fast when when someone says well we’re gonna we’re gonna have a hard fork and they all hard fork they all follow does that anyone have any opinions on the B cash it’s junk it did look like there were some coordinated efforts out there to pump to be cash while you know dump the Bitcoin they did it at a particular time you know after pumping up the difficulty on Bitcoin and then there was a difficulty change and then trying to

pull miners off a Bitcoin to make the track to make the block times longer and there was definitely a effort to spam the Bitcoin man poll so yeah it looked like a coordinated attack but that’s okay bitcoins learning how to deal with all this because it’s it’s better that Bitcoin works all this stuff out now before it really does a worldwide mass adopted currency alright there’s always a coordinated spam attack on the mem pool when be cash pumps coincidence I don’t think so yeah there’s no way it’s not a coincidence I have a question for you what we’re talking big ash now just appeared on coin base in it it created quite a ruckus and there’s a lot of controversy with coinbase now insider trading they’re being acute all sorts of things what’s your experience with coinbase you’ve got it you’ve got a coin based story to tell oh yeah actually you know I’ve spoken about this at length on Twitter if any you guys follow me at crypto Messiah but you know I’ve actually used coin dates for a long time without issue you know all my friends use Jim and I and they’ve been begging me to switch over but you know I’m uh I’m stubborn so you know I was like you know Columbus has it caused me any trouble I’ll just stay there until I have issues I will you know I’ve made several wire transfers to my bank account from selling Bitcoin you know I sell all the way up and still have warrants so don’t hate bills need to be paid and this is my job but you know I’m a day where I know you know just a general wire transfer to my bank and it never showed up and I spoke with the wire department at my bank and they never saw the wire and you know I requested a wire receipt from coinbase to prove that the wire transfer was actually you know made from their part because they deducted thousands of dollars from my coin based account when the wire transfer was made no this was on November the 27th and after 20 days of having a support ticket up and requesting a wire receipt and asking where my money was they closed my ticket and sent me just a generic email that was totally unrelated to the issue I was having and I’ve reopened my ticket now so I I don’t think coinbase is sketchy I mean I’m not a conspiracy theorist you know I’m sure they have their ducks in order but with that being said I mean the the growth this space is seeing right now is putting a huge load and the infrastructure you know on the exchanges and you know the chain itself at this point in time and I’m sure I’ll get my money at some point but my user experience at coin based has just been absolutely atrocious and you know I’ve been encrypt over for almost five years now and I’ve never been treated like that anywhere I am so for now I’d recommend staying away I mean there’s it’s not the only option there’s better options I don’t think that if you have your money there it’s just gonna disappear I mean that’s one of the most regulated Bitcoin exchanges probably and in the in the United States you know and that’s just something and I’m pretty sure they are probably includes with the government more than any other exchange in the states but you know just if if you do have issues at coinbase don’t expect them to be resolved any time soon it really has been a nightmare and you know I needed that money and I don’t have it there you go there’s a real life story there everyone pound that like button because I haven’t said that outline in a couple minutes but but seriously uh the there are there problems at coin base right now they are not implementing segments they’re a bunch of theories involved while they’re not why they’re not that they’ve got a bunch of Bitcoin that they can’t access because they stored it in a way where if they tried to move it the transaction fee would be higher than the value of the Bitcoin which is it’s not a good situation does anyone else have anything else to say about coinbase real quick anyone anyway I had a couple people try to I had a couple of people try to buy bitcoins on base with a new account this week and all of them were shut down put on week-long delays or given a limit of like 300 bucks so getting Bitcoin for new people is difficult well I mean do any of you have opinions on how they just well first of all they didn’t give people their be cash right away now all of a sudden they’re sout they’re they were selling be cash does anyone think that’s odd or interesting or have an opinion on that Shane you been smoking for a while anything it seems weird all of a sudden there is a there’s a Bitcoin cache and it was in

green and it was top of the charts on coinbase and I I got a screenshot of it when it shot up to apparently 8,500 and posted about that on Steam and I was thinking man what the what the hell is going on here like this this is extremely strange and it’s gonna cause a lot of chaos in the broader market and I mean that’s what we’re seeing now I’m thinking that combined with the future stuff has got people really confused yeah good good point you did and there are a lot of people I do instill Twitter with all of a sudden Leo B cash is the biggest thing and then a few hours later they’re like oh it’s not worth as much as it which is hat I mean a lot of newbies got confused to say the very least but apparently clone based is really getting into this all coin thing it might be a way to help I’m not gonna use the word bailed them out but it increased revenue and so ripple all of a sudden started the pump on these rumors that it is the next one that we listed now ripple is like a centralized cryptocurrency I mean this is going to the dark side here do have you guys heard anything about ripple being listed on coin B’s do you any of you have an opinion on what coin base is gonna list next time around on it what’s the next one gonna be is it gonna be ripple are people gonna get catch the rumor beforehand and do some insider trading it’s probably going to be rippled and at a dollar twelve or whatever it is now anybody who buys ripple now is gonna get wrecked for real that is not going to continue to go up it’s about a twenty five billion dollar market cap or more it’s a joke there’s no way it’s sustainable and it’s gonna pull back just like everything else and that’s my opinion on ripple Daniel do you think that the Koreans can sustain the price of ripple or will it drop yes I think that price can be sustained and not only sustained but put it levels that are gonna make people even more uncomfortable and people are going to get rights but people are going to get wrapped on real coin you know it’s it’s just how it works you know there’s nothing wrong with riding the waves but you know the reality is you know being here at almost five years and and thinking so many things for the next Bitcoin I mean earth coin was the next Bitcoin you know and black coin was the next Bitcoin and I mean every dode dogecoin was the next Bitcoin you know because it was so much more appealable to the masses you know was the argument um nothing’s the next Bitcoin and altcoins exists to get more Bitcoin generally I mean there are some exceptions I think the blockchain is a service industry has some exceptions one of my favorites Artur it’s kind of tackling scalability issues that currently applied to aetherium and you’ll see some big tabs emerge from that space risk you know kind of platforms so to speak but every the reality is you know the Bitcoin can do or will be able to do just about everything that these altcoins are doing and if you’re all coin feature can be ported to Bitcoin which has a much larger exposure which has a much better brand recognition which has staying power which has liquidity why would you expose yourself to an altcoin long term it doesn’t make sense so you know you you generally just want to buy by the blood you know buy buy people’s tears and just hold and you know with these off coins right now and like we were talking about earlier while Bitcoin consolidates all you have to do is is wait until you go to coin market cap you know like in a day like today everything’s totally read across the board you come in and you buy and then you just walk away you know people ask me how many trades I make a month you know I tell them three maybe four maybe ten if it’s a crazy month but this shouldn’t be something that’s stressful if you’re doing it right and it’s it shouldn’t be something that’s hard if you’re doing it right um so shoot you know we need to look at things like ripple um yeah it’s it’s tougher I can’t cuss it’s it’s garbage I have been known to use a filthy word or two it is garbage you know nobody likes it because it stands it’s completely against all the principles of cryptocurrency that we all love right you centralized control maybe NIT honestly everything about it but but that being said I mean there is a place for ripple to exist now the real question is you know while the token may have utility is the token have value as well and that’s something I feel like um you know when dis bubble does burst it’s going to be a harsh reality for a lot of people because you know the block changes is amazing and all of this technology is amazing but do the tokens you know can they can exist forever but do they have this absurd value that’s something you know we’ll find out I’ve

won that real quick der Shope just sent five dollars over the super chat and he has a question for rocky actually can rocky post that presentation somewhere can you can you post that somewhere I was going to ask you that same question rocky that up for that presentation that you uh that you went to there for a second I think I did I think I actually did that on another YouTube channel a few months ago I will look that up and get that to you and you can put it in the show notes okay so a bit you it’s a it’s a PowerPoint presentation isn’t it so I mean maybe no it’s not okay I didn’t know what I did I did look like okay so it you did it all on someone else’s show we can link to that show basically dad okay listen I think that all answered to shopes needs because yeah I was interested in in the entire thing but you know we’re limited for time here all right let’s uh we just brought up a random ripple does anyone have a prediction we’ll start with um I don’t know Cory you know about a little bit about yeah you know you know what is gonna be the next all coin flavor of the month Cory what because that’s that’s what this is all about I mean I get asked by Pete and by the way I am not recommending anyone trade in fact I am just buy and hold Bitcoin but we have other guys on here who do other things so it’s a diverse crowd so they’re gonna say things that I don’t do that they do but Cory what do you what do you think is next all corn flavor the month ridiculous I’ll try to I’ll try to sum this up quickly as possible in general I’m a Bitcoin maximalist to the fullest but I completely see that there are certain functions in the crypto space that Bitcoin just doesn’t need to do like I completely see a need for a platform like aetherium to function aside from Bitcoin because bitcoins doesn’t need to be bogged down with crypto kitties and junk right so in as far as that goes I see the need for another platform and as far as that goes it’s neo all the way neo as far as superior a platform to etherium and once China unveils all their plans Neos going to go 10x easy and besides that the only other category of coin might find really is deserving of existence are the first layer privacy coins and that’s going to be Manero so if you has to be the only coins anybody should hold is Bitcoin neo and Manero interesting that okay so who who’s got another one to chime in there Daniel you’re you’re you’re you’ve mentioned one on something beforehand is there any other one do you think there’s gonna be a ridiculous flavor of the month one that everyone’s gonna jump on the bandwagon on and then just crash or is that hard to predict yeah I absolutely think so if I had to predict you know like I said it’s going to be you know blockchain it’s a service platform so you know do is one of those my favorite is smarter just because gel Urata is probably one of the best development teams there is in cryptocurrency I think they have a lot of integrity they have real business partnerships they have suppose it an order launches they’re gonna have a peg child chains to US dollar euro which implies Bank partnerships I think the part I think the platform in the John Chiang concept you know could be really large that’s excellent for scalability and then another category that I don’t think many people are talking about is low fee coins one of my favorite is byte ball right now and yeah the name is it’s garbage it sucks but the chart looks fantastic I love buying things that look like that there’s a lot of upside it’s like point o 3.0 for Bitcoin right now but it’s it’s a tangle it’s a directed acrylic graph and it’s um I love you unique technologies and I love things that are that are totally different nuts you know originally when I was in your show and I’m always here for deep red I still think G grads an amazing coin but I loved it because it was unique a really solid development and just from a fundamental standpoint I think if you invest your invest right and really solid development that you can’t go wrong and that’s something you know I see with with by ball really cheap instant transactions or near-instant they’re really really low fees decentralized storage smart contracts I mean it does it all in my specialty at least is mid-caps you know a hundred million dollar to maybe we can even say five hundred million dollar capitalizations right now because I love something that can go to a 1 billion dollar cab because I think with the way the space is going right now that’s an easy thing to do and that’s you know if you can begin a decent bag size and 5 X I it could be quite lucrative for you so that’s kind of my opinion over a blocks right ioad although I heard it’s totally broken but

I don’t have any personal experience with it things like that I own a totally broken be careful paintball be careful by it’ll Bitcoin shade are there any ridiculous all coins you would like to speak about I don’t really get too much into all coins I mean I’ll use a coin if I find it useful for some reason people have paid me for four things in aetherium so I have some aetherium but normally what I’ve found well have we talked about steam dollars talk about what’s going on with these ridiculous steam dollars how how its pumped up so high have you benefited from this insane pump of steam dollars oh of course I have a fun I had a payout that was that was coming out just before it happened and I saw you know it it’s supposed to be pegged at a dollar right that’s the whole idea is that it’s pegged on a one u.s. dollar and what did they get up to almost $14 heat something like that it was ridiculous yeah yeah along with all the other pumps actually started happening a little sooner than some of the others I think it was kind of a harbinger of the the big push but that was something I was not expecting and the steam currency the other one steam actually not the steam dollars they went up to I mean those quadrupled in value and within like a week or so so I think I’m not really – I don’t I don’t think steam dollars or steam need to have massive gains to be something that’s useful or something that people should look at because that one’s based on a platform where you’re actually able to get into crypto without buying anything you know you can just engage with a network and you can actually get something out of it so I think that I think that process itself is rather undervalued and I think once we see more more development in that space which I think we’re gonna see a lot of development coming out of that we have things like D tube coming out like a replacement for YouTube where people can post videos and it’s related to the steam it blockchain you know their stuff likes Apple which is like a Twitter for first steam it and with all the censorship we’re seeing going on on things like Twitter and Facebook and reddit and all the the legacy tech firms I mean you’re gonna see a lot of people looking seriously at things like steam it and zaple and D tube as legitimate alternatives because they’re just gonna get kicked off because they said something that you know the stockholders of Twitter didn’t like so I think I think that’s going to be with that the censorship going on an uptrend and controversial voices leaving I think you’re gonna see things like steam it and maybe even steam back dollars still there you might see a big boost in that well I definitely agree with the steam it part people should try out steam it it doesn’t hurt it’s free if you got content throw it up there see what you earn now raakhi is he’s not an altcoin guy at all but I have a few want to mention all coin rocky free it feel free to but I have a different question for you I’m going to just say that I think these signs speak for myself you know just my Bitcoin okay just Hottel Bitcoin okay exactly now but in the times when the crypto dividends were coming out with the first one when be cash was coming out you were the most careful person I knew about on the web when it came to splitting your Bitcoin you take precautions like no other and people should use you as an example of patience and precaution so have you there’s a two-part question have you split your be gold yet and have you gotten rid of it have you dumped her beagle but what what is your take on these these ones that are going to come out like super Bitcoin like like B or super BTC excuse me or B Platinum what is what is your process here tell everyone the precautions that you take are you just gonna wait till it’s on your treads or which I I say to do of course and if you can split it on your trans or what do you do wait because you take you I think you’re a guy who splits it but you make sure all your Bitcoin is moved when you split so so there there’s a lot to talk about there it hit it yes you got to make sure you’re doing it safely just in case you do make some kind of mistake you’ve gotta move your Bitcoin first it but it also depends on what process it is to split the coin like what you were talking about where you have to put your wallet words in a different wallet that is connected to a different chain I mean do you trust that wallet that it doesn’t transmit those words to you know the creator of that wallet yeah right yeah you don’t want to trust that so you have to move your bitcoins first to a brand-new wallet with a brand new set of wallet words yes you have to be very careful but yes I did split my big vault and I converted it to Bitcoin I did the same thing with B cash

I did the same thing with Bitcoin or what’s it called bit core coin yeah and the diamond and all the future ones you know if I feel I could do it safely I will do the same thing I you know I don’t you know so much hate these other coins like you know be cash you know because it’s it’s not just trying to fork it and start a new project it’s trying to take over Bitcoin and attacking big coin in the process so that that’s a completely different situation but you know like I said before all these Forks I think are a bad idea hmm just to begin with but if you’re going to throw these coins in my lap I will you know convert them to Bitcoin and and also one other thing people say that well I I converted my be cast right away and that went up after that to a much higher value but if you converted your be cash into Bitcoin and now there’s these other Forks you’re getting more of those Forks to so you’re getting the forks compounded on Forks so you got a factor in all these things too but exactly you got you you got more be gold if that was a beautiful point I brought I think I brought that up I meant to bring it up before it could continue sorry sir yes you’ve got to be very careful and I I do also consultations like you where I do help people split their coins I help people with their mining operations I’ve been mining since January 2014 and I help people set up nodes so um just shoot me an email exactly guys he is and he takes some real precautions when it comes to this splitting one final splitting question for you our storage question do you I have recommended the people who pay at least if they’re going to get into this crypto dividend thing that they should at least own three storage devices is that too many or is that too little to you do you agree with that number two three one what’s what’s what’s your recommendation for storage devices for people well you need at least one Hardware wallet to store your Bitcoin now if you’re going if you’re planning on doing these splitting it is you know to do it safely it is a good idea to have two or maybe even three I myself have three hardware storage devices and I have right over here off camera you can’t see I have several computers that are completely called offline that I use to safely split coins so to make sure anybody I’m help I’m helping to split their coin once they’ve moved their Bitcoin I can then split into that other coin extremely you know safely excellent I’ve got so first for the panel here I gotta cook I’m gonna ask the three of you this same question here and you don’t have to answer it but some people it’s privacy stuff but Corey how many uh storage devices do you own I have two they’re functional for long-term storage and then I have one that I use for kind of like bouncing money in and out short-term I try to avoid web wallets and I avoid things like Exodus Wallet those things are just junk so trays or ledger that’s pretty much it and you got to have at least two or three Daniel how about you what’s your recommendation how many you have Daniel oh you’re here I’m here as Mia knows meted out on the trays or something one thing I recommend of course some is using some kind of a crazy random password generator I’ve been using one password which is a really good service they you know you have a kind of like a master password this is just something outrageously long that you think odd that you write down and it kind of uh creates a really long random passwords for all your different services and make sure you have different passwords for everything I know some people use a maybe it’s called a key pass or something like that you know there’s definitely some open source ones available there that don’t cost any money publicly auditable um the jam you know you know I have a Bitcoin for a tracer for long term Bitcoin old and you know I’ll be in altcoin positions and the ones that I can move off exchange I do and the ones that I can’t I leave a month which is you know it’s understand it’s a risk of it it’s a risk traders take you know you have that counterparty element where no if the exchange goes down you do as well it’s all factored into risk reward and that’s generally why I stick to it Rex I could see a lot of people going to uh what’s it called finance yeah and it’s uh yeah I kind of sketches me out just because I mean I didn’t even go to bits for a year or two I mean I they hadn’t earned my trust and you know in this space you are Trust is the most valuable

thing you can see and you know I see all these people coming up and everybody’s on Finance right now because Finance has rest links and everybody is clicking these referral links and everybody’s getting on Finance and riding finances cheaper fees also Chinese isn’t it associated with China in some way or maybe maybe not I think it is that scares me so you know try not to have any coins on exchange if you can help it keep your Bitcoin in a treasure or ledger but you know if you have to used to FA use Google Authenticator or of–they do not use SMS and have an extremely long random password that’s not used anywhere else and uh you know it’s you should get act it happens just know that be careful people all right Shane how about you it had to have a lot of stores of Isis do you recommend the multiple storage devices what’s your story with storage devices well I don’t know what’s wrong with the rest of you guys I just keep everything on coinbase know I’ve got a I’ve got to keep key you know if if I ever get around to it I might get a different one I’m not sure but that one’s I I like it works fine for me but yeah I hope I’ve just got the one but yeah I think it’s definitely advisable to have a hardware wallet learn how to use one yeah all right so now we’re at the end of the show here where everyone is gonna tell a story or something that was left out or promote themselves whatever it’s it’s it’s free time for these four men of this week in Bitcoin so we will start with the manliest of all the man Rockies come on man you know what is wait what do you have to add is there anything that was forgotten any story you need to tell the floor is yours well I just like to let everyone know that if you’re in the Southern California area you could come to one of my meetups I’ve been doing meetups now for 16 months once a month and the next one is going to be January I know it says question marks there but it is going to be January third I have the banquet room reserved so on this screen here you can see that I track every meeting and price of Bitcoin at each meeting and you can get more information by going to the website here which is BTC meetups web starts com excellent Southern California baby I got to come visit it’s warm and nice there that’s what I like this time of year all right Corey representing the world crypto network behind the scenes crew I’m glad you’re here in front of scenes today what do you what do you have to add well this week the one question I’ve gotten more than anything else is should I continue to buy Bitcoin even though it’s so high or should I start putting money into things like litecoin and my answer will always be buy Bitcoin all of these alts eventually I believe you will see collapse back into Bitcoin you’ll see a kind of a bubble within the crypto sphere pop will you have what a600 say a six hundred million dollar or six hundred billion dollars is that right it’s sound so high a six hundred billion dollar market cap now you’re gonna see this altcoin bubble pop but all that money is gonna flow right back into Bitcoin so you’re not gonna see an overwhelming decline in the cryptocurrency market cap as a whole but you’re gonna see these all coins just shrivel away to nothing you’re gonna see an 85 90 % Bitcoin dominance once again so if you’re dabbling with all coins be smart and know when to get out all right pound that like bunny everyone check out the links section below follow me on Twitter at Tech bulb I had forgotten to say that and steam it I am bitcoinmeister on there speaking of steam it Shane say who you are on steam it and give us your final thoughts yeah I’m Shane on steam it should be pretty easy to find just my name sha whiney yeah I got in there pretty pretty early so pretty happy about that but I actually have a tweet that I’m looking at by navall I’m not sure if that’s how you pronounce it nav al on Twitter who if you’re into cryptocurrency and you’re not following this guy you really need to check them out and follow he says cynicism is easy mimicry is easy optimistic contrarians are the rarest breed so I mean that’s I got into Bitcoin I mean shortly after the whole mount Cox thing because I saw the technology and I thought this is going to be something you know so you really have to be that contrarian voice sometimes against yourself even and you know don’t don’t flip out don’t panic so usually if you see like if you look at the charts and you see all the top kryptos they’re all doing the exact same thing to me that’s a sign that I need to put my hands up and just wait a little while alright

this nice words by Shane there well since we are closing we got to go to the guy who is always closing always be closing Daniel what do you have to add to this by altcoins it is all seasoned right now it’s unprecedented just the absurdity of the pumps that are coming you have all of this money rushing in and you have people that have no business making any money you know they’re gonna start making upstart amounts of money they’re gonna tell their friends and their friends are gonna tell their friends and you’re just gonna see this flood of capital and altcoins and you know you’re kind of seeing it right now and you know damn it when John McAfee or McAfee or however you say it is Twitter pumping all of these coins right now you know verge burst which I fortunately held when he mentioned it really is absurd but holding all coins right now you really can’t do wrong I mean every chart you look at is a good chart to buy and it’s something that you know a trader like myself gets excited over and it’s also a hedge against Bitcoin losing value it’s a way to keep the USD value our fiat value of your portfolio stable and I know guys last all season um it made 40 X 100 X on their portfolios and it’s not to say everybody can or will do that you know there is a lot of risk associated with what I’m talking about but risks do not come you know or rewards do not come without risk so get in altcoins and people always ask me what my investment processes and its fundamentals before technicals you know the fundamentals or you know the the inner workings of what you’re buying why you should buy it and the technicals are you know when you should buy it so find a good project you know and I’m not gonna tell you what project you should find find something you identify with that sounds like a really good project that sounds like it’s it’s technical and it’s not just hype and then buy it you’re not gonna go wrong right now don’t be the last guy to sell if you find yourself getting euphoric and you just can’t believe how much money you’re making it’s probably time to dump it so just keep that in mind and good luck dude you just heard some stuff here that you’ll never hear on this channel from my mouth but that is what this week is all about we’ve got all sorts of people with all sorts of opinions on here and I know those people in the chat are going crazy when they hear their favorite I’ll coin mentioned because Adam never mentions their favorite all coin okay before we leave rocky does have one more thought to add what’s up Rocky yeah by holding your Bitcoin you know people always ask how long should I hold it and you know you always say like you know to at least twenty twenty twenty you might watch a set to 20 21 sometimes after the halving it takes a few months to for the price to really kick in but I at the moment I’m kind of thinking never sell never sell your Bitcoin just keep buying it amass your fortune and when Bitcoin really starts to get used at what it was meant to be a worldwide mass adopted currency just use your Bitcoin never sell it just use it when it’s accepted everywhere mm-hmm very good point I’m playing my hardest never shall never sell that’s I mean I I do preach that end so if you guys can never sell then yeah you you’ll get to a point where it is the so many people will be accepting it you can buy your house with the 0.01 Bitcoin or but but again you’ll have to pay taxes on it and everything at that point you maybe they’ll change the tax policy that’s another reason that whole don’t do as long as maybe the whole tax policy will be changed right now as as daniel said at the beginning the show if you’ve been selling Bitcoin you’ve been trading Bitcoin you’re gonna be paying taxes on April 15th on it okay but maybe in the year 2028 things will be different and you won’t have to do that so have a strong hand people I hope you enjoyed this week in Bitcoin thank you guests for appearing on the show remember i’m adam meister the bitcoinmeister the disrupt meister remember subscribe this channel like this video share this video do check out the notes section below pound that luck button go like button we’ll be back here next week I post a new show here every day check out the links section to see the last couple of shows they’ve been pretty wild so see everyone bye bye take care

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