Hello everyone this is adam meister the bitcoinmeister the disrupt meister
welcome to the one bitcoin show today is August the 22nd 2018 strong hand
offended by selling long term thinking personal responsibility is the new
counterculture alright everyone check out the links
below disrupt meister calm all my old shows bang that bell button if you want
uh reminders on when this thing comes on live for all you people watching this
live so the anti drama of the day that uh etf is rejected of course i mean we
all knew that was gonna happen why am i even mentioning this the price went down
a little bit in fiat some people tried to manipulate people's fears about it oh
well we have strong hands that we don't even care about that and the people who
look at the fiat know the hoffman line is strong so pound that like button
think about the year 2020 i'm glad that all you guys realize it was anti drama
you don't care about the etf you care about the 20/20 having okay because
eventually some etf is going to get approved but this one we knew not to get
fooled we won't get fooled again oh yeah town that like button I like
that song alright so over in the land of Twitter we have a tweet by Nick Bhatia
about a new article that he just came out with that I like a lot does it it
gets to the point it reminds us of the power of the public key your public
bitcoin address here he says I specifically call out that and then ech
in my latest article Bitcoin ETFs stony ins and collateral we need to hold
accountable the firms that explicitly declare fully reserved investment
vehicles alright so he's got a medium post about this and the simple summary
is this these custodians and other large holders of Bitcoin should just share
their public Bitcoin addresses then everyone well know that they're not
making up the amounts of Bitcoin that they have they're not hypothecated
anything or whatever making paper Bitcoin doing what all those uh
financial institutions deal with gold just give out your public key that's
that's the beauty of Bitcoin you can know how much Bitcoin a person has if
you know their public key if that's where they're keeping all their Bitcoin
so if these institutions really have their Bitcoin they're not lending it out
they're not playing games with it they'll be they'll say hey we have three
thousand Bitcoin in our fund it's all your Bitcoin although it's really their
Bitcoin if you're silly enough to give them your Bitcoin then it's not your
Bitcoin but you still want to know that they have your Bitcoin and then then
you'll see oh look there's their public address it has three thousand Bitcoin
added I know it sounds really simple but hey man it's it's got to be done if
you're gonna play in that if you're gonna play in that realm and I don't
advise you to even play in that realm we'll see if they do that they don't
have to do it because people will still just toss them money probably the 80
percenters out there take my big boy take my Bitcoin you make me richer even
though it will be my big court yet eboard so uh yeah he says I envision a
scenario in which custodians and ETFs might become some of the largest holders
of Bitcoin in the world this is set necessitating a continuous and rigorous
audit process by anybody interested in the sanctity here of bitcoins 21 million
supply cat yeah well I envision that's an area too that people are going to be
silly enough to give their Bitcoin to these tremendous funds these custodians
when they should just be cheap their treads doors and waiting around
for various having's of the future but hey that's the way of the 80 percenters
they think they're they think they're taking these traditional methods they're
taking these easy routes dude you take a few seconds to learn how to put it on
your treads or that's easy right there come on people and remember Adam at
traceur help calm you can email me there I can help you set up your tresor i do
crypto consultations all that good stuff so let's move on to Venezuela you know a
few years ago I guess when Hugo Chavez was leaving this world too much fire he
played much more warm location I think he went to I heard anyway before Hugh
Chavez was playing around with some fire somewhere far away people some of the
mainstream outlets out there were saying that then as well it was an economic
miracle well here's a here's a something that's quite miraculous it's quite
unbelievable here it's a tweet if you'd bought a million dollars in Venezuela's
local currency when President Nicolas Maduro came to power in 2013 it now it
would now be worth three dollars and 40 cents
interesting so yeah you invest in a million dollars in those Venezuelan
boulevards because you know of the economic miracle of Hugo Chavez and now
those are boulevards would be worth the 3040 cents now how you invested three
dollars and 40 cents in Bitcoin then you'd have a lot more now again we don't
care about the fiat value of a Bitcoin but I'm just pointing it out there know
why anyone now of course been as well as an extreme example of a fiat devaluation
why anyone would still want to be involved in government issued currency
when they have the option to be part of Bitcoin to be part of this revolution to
opt in the Bitcoin hey or you can just complain either you can you be in motion
plane or you can pound that like button or you can do all three I don't know so
well panda has a tweet out there and this is a good one bit Mex thanks you
for gambling addict for your gambling addiction and he then links to a article
crypto currency trading platform picnics just rented the world's most expensive
offices in Hong Kong alright so Hong Kong is yeah it's an
expensive place got a lot of expensive offices there they are renting
incredibly expensive offices there because a bunch of 80 percenters and
impulsive people think they are gonna make a lot of money trading now who made
a lot of money trading let me ask you did the traders or did the company
hosting the trading which is now going to be in some of the world's most
expensive real estate you make the decision
I mean what's better for you do you want to make bit Mex richer or do you want to
become wealthier by not being impulsive and but most people most people are
going to be the gap I could be a trader on bit max yeah so what there you have
to have really nice offices that's just coincidence they're not making any money
it's obviously all the traders doing really well there no guys come on let's
remember the TSA guy remember I met the TSA guy he asked me if I was a trader I
said no I'm a holder and he said I'm a you know I'm a trader now let's compare
the two of us his job that TSA guy who was a Bitcoin sure who was a crypto
currency trader his real life job was to basically frisk me
to fondle my testicles that was his job it's quite a job when he had a
government job in which he fondles men's testicles when they won't go through the
naked body scanner now what's my job I nice oh he's a traitor I'm a holder I go
travel around the whole world I make videos that's what I do I don't I don't
have to touch men's private parts so I mean again you can make your own
decisions what's the better path for you or trading because if you end up trading
you're gonna end up holding atomizers testicles okay so let's continue the
dude I have a new show here every day over a thousand of my shows are at
disrupt meister calm go check out the links below get a treasurer
get your t-shirts follow me on twitter at tech bought all sorts of discount
codes below on steam and i'm bitcoin meister so let's go
flashback 2016 now sorry you guys are a lot of you guys watching this video
don't know about 2016 there weren't that many all coins back then there weren't i
ceo's yet really but there was fluffy pony and there was - and there was
Manero - and Manero were like battling
communities all the time i mean they were just by just ripping at each other
and and fluffy pony when really he he'd go at it with - and stuff and the gas
people would take a kind of different approach but he was trolling - but there
was a flashback today it was just like the old days
so that's for all you newbies this you're gonna learn about the - Monaro
thing a little bit not that it really matters was Bitcoin is the rock anyway
on the way anyway anybody plays and all these other different things but fluffy
Pony said on his Twitter in his classic way lol - is burn rate is so high that
it's that jeopardy of not being able to continue if the price drops lower so now
some people want to fire the - CEO for mismanagement
now people corrected him and said you know it's not really dashes to you CEO
it's the CEO of some organization that - control and I don't know if the twist of
it but when I found funny about this besides you know the trolling by the
classic trolling by by a fluffy pony and just bringing me back to 2016 you know
all of a sudden you know I'm getting flashbacks to by anyway pret you don't
pre 2016 having day flash that's but again I linked to the to the
posted comments on and here is I'm going to read you a quote from the post again
there is some some - people who are not happy with the weight but what - what's
going on a - so one of them says Ryan destroyed the markets confident in dat
confidence in - by repeatedly breaking promises and missing deadlines
- once was once valued at point o nine BTC and it is now point o to Bitcoin
something very interesting in that statement something very interesting in
it but you know what's introduced can anyone point out the very interesting
point in that statement when this - holder is complaining about the value of
his - going down this - holder values his wealth in Bitcoin even the hard core
all coin holders who want to fire their CEOs or whatever who have long
complicated posts on the - central org board which I just read from he said -
was once valued at 0.09 Bitcoin and it's now valued at point O to Bitcoin even
they know to value their wealth and Bitcoin baby it is the world reserve
cryptocurrency ask the dudes at - baby that should tell you something about
what's going on people for all you people who are worried about the Fiat
value one Bitcoin equals one Bitcoin and apparently one - only equals point o to
Bitcoin alright so here we go here's your long read of the day um a deduct
evaluation framework for crypto currencies here's a quote from it a
token can only accrue value if it is competitively superior non-sovereign
monetary store value if it is a competitively superior non-sovereign
monetary store of value conversely
any token that is competitively inferior non-sovereign monetary story value
cannot accrue any value it's basically saying that bitcoin is the rock bitcoin
is the monetary store of value among cryptocurrencies but there is some hope
for the privacy coins maybe they can come in second and third you can read
the whole article it is long but it is interesting for those of you who care
about those kind of things and understand the story value aspect of
Bitcoin baby that man this is a newfangled savings account this is not
about gambling this is not about speculation it's the rock baby okay
remember I'm in Spokane until September 6 maybe but I'll see you around hey
remember to click on the squares that you're seeing at the end of this video
if you're watching this taped and I just want to say one takeaway from this video
value your wealth in Bitcoin like they do it - I'm Anna meister the
bitcoinmeister the disrupt meister remember subscribe this channel like
this video share this video check out the notes section below I will see you
in the chat now buh bye
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