19 Burst results for "Fifty Bitcoins"

"fifty bitcoins" Discussed on What Bitcoin Did

What Bitcoin Did

03:31 min | 2 months ago

"fifty bitcoins" Discussed on What Bitcoin Did

"M. i. n. g. dot. I repeat the question. Where do i see. Bitcoin and twenty fifty. You and is in my worried about the centralization of hash rate i see the energy industry energy producers being the largest minors in the world. It's just going to happen. Is the natural incentives. They've all access that they're literally the base of the energy industry and that is the base of the mining industry. They're going to merge my twenty-fifty bitcoin mining industry and the energy and industry will be synonymous. It'll be the same thing. Am i worried about Centralization because i think we're on a trend towards the commodification of essex Where we're we're hitting a stasis in the step function improvement of the efficiency of the machines and Once bitcoin monetize is and the demand for as six increases the supply of six will increase naturally as well. It will be easier to mind from home. And that's the beauty of energy. Being the base of the mining industry is energy energies pervasive. Like if you go down a texas you have everybody from like. It's like your mom and pop. They have a well and they're back their backyard that they could tap mining a mining Reagan to of course you'll have the exxon's large producers as well But you also have the mom and pop say marshall holbrooke. Who's middle t. ftc. Before he's the mining off these stranded gas wells and kentucky that are just producing like Fifty emc fda which is like a very small amount of gas compared to what they're pulling out and some wells in the box and the permian so again since energies pervasive it's global. I mean there's individuals latin america africa. Bitcoin twenty twenty one. I talked to like five people from nigeria looking seriously transition their flare gas into bitcoin mining operation. I've talked to people from saudi arabia. It's going gonna. it's going to get more global. In already is and combination of energy being pervasive and the commodification of essex as they sort of reach their plateau efficiencies going to drive prices down for them and make it easier for individuals and around the world to get into the mining. So will that mean. More state controlled mining operations because there are of the number of countries the state controls the energy sector potentially. Yes yeah i mean. Venezuela is already doing it right. They've confiscated mining hardware and their mining on behalf of the state there. So they're they're already are states. mining missed just. You gotta hope that there's enough. I think bitcoin senator perfect that yes. You'll have states doing it but you also have your mom and pop natural gas producer doing it as well. There's.

marshall holbrooke exxon ftc Reagan texas kentucky fda latin america nigeria saudi arabia africa essex Venezuela
"fifty bitcoins" Discussed on Bitcoin Audible

Bitcoin Audible

05:04 min | 2 months ago

"fifty bitcoins" Discussed on Bitcoin Audible

"Like inventory. Availability that is tied to the bitcoin supply that is tied to big actual bitcoin cycles. And there are predetermined eras in this protocol did are going to change how that capital is allocated and where most capital comes from which is actually really interesting. And i don't know if i'm totally on board with the you know i've read this piece just out of curiosity i i can't say that i one hundred percent agree that this these are how the cycles are going to play out. And these are the major elements there but it is very fascinating and is not something that i've just i haven't dug into it enough. I mean literally. This is the article really that. I've read on the idea of trying to map these. The shumpert cycle own top of the bitcoin. It's essentially supply schedule and inflation schedule cycles. And was funny in the context of the kitchen cycled the the second secondary cycle this kind of like a ten year cycle is. I actually think when we're looking at the idea of how the let's take the stock to flow for simplicity. Right is that it's the beginning of bitcoins. Life cycle here when the amount of Bickering being issued was enormous. Percentage of the supply was a hunt. Will you know basically the first year. One hundred percents is by fifty. Bitcoin per block means that the inflation rate the amount of capital or the amount of newly issued. Bitcoin coming into circulation was massive so to have that cut in half to twenty five is extremely is very substantial on the flow of bitcoin on the amount of bitcoin. It's coming into circulation that needs to be met with new demand but after you've already issued ten million after ten million coins already exist in your issuing at twenty five per block in the net custody. Twelve point five actually doesn't have as great of effect suddenly and this is something that can edge from talk about in this article. Is that you start to shift away from the inflation schedule as the amount of capital or the th the flow say so to speak the flow in the economy and it moves toward inventories. And you have this savings versus spending cycle and this is much more akin to a normal sort of seasonal cycle that you would see in the markets or a traditional business.

Bitcoin
"fifty bitcoins" Discussed on The Indicator from Planet Money

The Indicator from Planet Money

08:11 min | 3 months ago

"fifty bitcoins" Discussed on The Indicator from Planet Money

"The biden administration has just released this big report laying out how the us could massively increase the amount of energy we get from solar by twenty fifty up to almost forty three percent and that is my indicator of the week. Forty three percent okay. It's a good one right now. We only get like four percent of our energy from solar so. This is like this huge leap and i wanted to know. How is that possible. So i called michelle davis. She's a solar industry analyst at wood. Mackenzie can you illuminate us to get those jokes a lot. Sorry no not really on promise. She has an answer. When i think about the answer to that question. How do we get there. I think of the current challenges at the solar industry is facing which can be broken down into a couple of different categories so the first one that are the supply chain constraints that are that are currently having an impact on this industry so when you make solar energy do not just need the sun. The pandemic comes into this. There is this big slowdown in demand for all kinds of commodities that are really important for producing equipment and now demand for solar is just super high so michelle says so is demand for these commodities. Things like aluminum a steel glass copper and then pricing for poly silicon as well have all been up in the last year and that has started to make its way into actual equipment for solar projects enough so that developers are actually increasing their prices. Today which hasn't happened in basically since what. Mackenzie has begun tracking this data since two thousand fourteen. That doesn't sound very good. Sally yeah as you may know a lot of the world's polysilicon which is what you need to make. Solar panels comes from china. But there have been accusations that china is using force labor so the white house has banned imports of some materials. You need to make solar there has been this big push to incentivize domestic manufacturing but michelle says to expand solar quickly. We need both international and local supply chain and oh to the to the gee there's also this labor shortage so i also asked her if we have enough skilled workers unfortunately the answer to that is not right now. I mean it sounds like it's a really good time to be in the solar business. Yes it is a sonny time you might say but michelle says even if we do get the supplies and the workers there all these permits and studies. You need to do to connect power utilities and did you upgrades and those can be so onerous and they can take so long two years so she says that will have to happen faster. But you guys. The news is still good for solar. It is possible it is feasible to meet these targets. It's just going to be quite challenging and we're going to need to remove as many barriers as possible all right adrian. It's your first day. No pressure what do you got oguz. So my indicator of the week is five hundred and fifty as in five hundred and fifty bitcoins. that is how many bitcoins. The government of el salvador has purchased this week. That does not sound like a lot of bitcoin. Five hundred fifty bitcoins. it's actually twenty six million. Us dollars and here's the thing it's not. It's not just the fact. The government bought some bitcoin that made international news this week on tuesday salvador became the first country ever to adopt the crypto currency as legal tender. So what does that actually mean. Legal tender so basically the government has thrown its weight behind this digital cryptocurrency and on top of saying you know people can buy goods and services with it. They can even pay their taxes with it. Okay so couple of days in. How's it going. Well you know as you might expect there have been reports of some technical glitches but online people are sharing videos of themselves making withdrawals from bitcoin. Atm's and buying food at pizza hut and starbucks and they sound like kind of giddy about it so adrian. How did we get here. So it was basically driven by president. Bu kelly who kinda has the look of a millennial tech mogul but as a political leader you could say he has sort of an authoritarian streak so the upshot of being authoritarian is that he can make things happen pretty quickly. He announced this idea back. In june and three months later bitcoin made its debut is a national currency so on the pro column. He says look. This will make the country's economy more inclusive. Most people don't have bank accounts and bitcoin is accessible to anyone who has a phone and then it will also be a lot cheaper for people to send money then using Like a wire service. The con side of this is that bitcoin really volatile and in fact on the first day that this debuted in el salvador as the national currency. The price of bitcoin dropped ten percent. So this is my critics. Say it's like gambling with the economy. they're worried that this could have a lot of negative effects and surveys showed that a lot of the a- salvadorian public don't have faith in bitcoin on the flip side people who are really like bullish on crypto currency. They are psyched. They see this as like just the first of multiple countries to make this move and they're feeling super confident and actually speaking of confidence darian. You have an indicator on that. I do consumer confidence in the us. Sir you guys feeling confident. Guys confidences k. Yes yes yes. That sounds a little uncertain. Let me hear that again from patriot. Feeling confident yes. I almost believe you can shema confidence. Is i think emblematic of this. Weird place that we're in with the american economy right now. The consumer confidence survey every month asks a bunch of questions about the economy to everyday people and the overall numbers are kind of what you would expect the moment. There was this real optimism at the start of summer in the us. The vaccines roll out was going very well this summer. Vacations coming up and consumer confidence in the economy was basically at pre pandemic levels so the consumer confidence index was beautiful. One hundred and twenty five. That is a very good number. I feel darkness coming some storm clouds and we got a wake up call right so the vaccine rollout stalled delta infections came roaring in some schools closed not great for the economy that hundred and twenty-five number in july plummeted to one hundred and fourteen in august. Yeah that's just an okay number but if that kept going obviously in the next few months that would really start to show it economy faltering dairy. Are you telling us we should be worried. I think telling us that a lot of us are worried. These almost two separate stories here when people are asked about jobs like is it to find a job about ninety percent of people say no now is not a hard time to find a job right now but if they're asked whether or not it's hard to run a business right now. That's only about three quarters of people saying it's not hard and it's getting lower okay. So where's all this going. So glass half empty vision of the future at this could just be a lag if businesses stop hiring. Then yeah people also say that. It's hard to find a job right now. But there's also a glass half-full these numbers might just be a bump in the road If the economy starts looking sunnier effects nations increase a lot again yesterday. President biden said that oh businesses with over one hundred workers have to be vaccinated or have weekly cova tests and those vaccine mandates for millions of federal workers and contractors so the economy could start to expand again. This might just be a blip in late summer so this means that we should really look at the next two months pretty closely. This was a triple play. Three indicators adrian thank you so much we are looking for it here next exciting and awesome indicators of the week thank you. I'm super psyched to be here. Everyone else have an awesome weekend. Today's episode was produced by julia. Richie with help from james bullets. It was fact checked by caitlyn nicholas. The show is edited by kate. Kincannon is a production of n. are..

biden administration michelle davis michelle Mackenzie oguz adrian el salvador Bu kelly china us Sally white house bitcoin salvador pizza hut starbucks darian
"fifty bitcoins" Discussed on The Breakdown with NLW

The Breakdown with NLW

02:03 min | 3 months ago

"fifty bitcoins" Discussed on The Breakdown with NLW

"Firming topic today. We're doing a global tour of bitcoin who's embracing this disruptive digital gold this proto money system. Let's start by doing a quick revisit to el salvador on tuesday's show. We discussed some of the controversy leading into el salvador's bitcoin day. The formal enactment of their bitcoin legal tender law on surprisingly and continuing the themes that i was just exploring the gladiatorial battle on twitter continued throughout the day professor. Steve hanky who has really really tried to use. This crypto cycle to jump to the very top of the bitcoin antagonist list. Just would not shut up about it. I mean we are talking about ten twelve separate tweets many which said the same thing over and over. Here's a good example contrary to president. Bu kelly's unfounded claims el salvadorians do not want. Bitcoin is legal tender. The only ones who applaud are criminals. They know that the bitcoin law paves the way for rampant money laundering and corruption. This is one of those arguments. Where as soon as you even dine to make it. I look around at myself. Everyone that i know. Who's working in this industry. All the people that i know who are connected to this industry all the people who are in places like asante who have proven over the last few years how. Bitcoin has relevance for community like el salvador. And i mostly just stopped listening to what you have to say. Because you're clearly not in it for an actual conversation. And yet he continues. He tweeted at least three times about bitcoins. Volatility bitcoin nineteen percent to a twenty four hour. Low of forty two thousand nine hundred and twenty one per bitcoin today to queens volatility is an obvious reminder that it can never be a reliable unit of account and thus can never be used as a currency. Btc is nothing more than a highly speculative asset. Naib kelly's bitcoin law will do el salvador. Never mind his careful use of hash tagging on. Bitcoin and btc gotta make sure. Everyone sees his angry tweets. Professor hanky also hated it when president. Bu pele bought the tip and made fun of the imf all in one tweet saying buying the dip one hundred and fifty new coins added. It appears the discount is ending. Thanks for the dip. Imf we saved a million and printed paper el salvador. now hold five hundred fifty bitcoin.

el salvador panama us ukraine
El Salvador Embrases Bitcoin

The Breakdown with NLW

02:03 min | 3 months ago

El Salvador Embrases Bitcoin

"Firming topic today. We're doing a global tour of bitcoin who's embracing this disruptive digital gold this proto money system. Let's start by doing a quick revisit to el salvador on tuesday's show. We discussed some of the controversy leading into el salvador's bitcoin day. The formal enactment of their bitcoin legal tender law on surprisingly and continuing the themes that i was just exploring the gladiatorial battle on twitter continued throughout the day professor. Steve hanky who has really really tried to use. This crypto cycle to jump to the very top of the bitcoin antagonist list. Just would not shut up about it. I mean we are talking about ten twelve separate tweets many which said the same thing over and over. Here's a good example contrary to president. Bu kelly's unfounded claims el salvadorians do not want. Bitcoin is legal tender. The only ones who applaud are criminals. They know that the bitcoin law paves the way for rampant money laundering and corruption. This is one of those arguments. Where as soon as you even dine to make it. I look around at myself. Everyone that i know. Who's working in this industry. All the people that i know who are connected to this industry all the people who are in places like asante who have proven over the last few years how. Bitcoin has relevance for community like el salvador. And i mostly just stopped listening to what you have to say. Because you're clearly not in it for an actual conversation. And yet he continues. He tweeted at least three times about bitcoins. Volatility bitcoin nineteen percent to a twenty four hour. Low of forty two thousand nine hundred and twenty one per bitcoin today to queens volatility is an obvious reminder that it can never be a reliable unit of account and thus can never be used as a currency. Btc is nothing more than a highly speculative asset. Naib kelly's bitcoin law will do el salvador. Never mind his careful use of hash tagging on. Bitcoin and btc gotta make sure. Everyone sees his angry tweets. Professor hanky also hated it when president. Bu pele bought the tip and made fun of the imf all in one tweet saying buying the dip one hundred and fifty new coins added. It appears the discount is ending. Thanks for the dip. Imf we saved a million and printed paper el salvador. now hold five hundred fifty bitcoin.

El Salvador Steve Hanky Bu Kelly Bitcoin Twitter Naib Kelly BTC IMF
"fifty bitcoins" Discussed on Technology Untangled

Technology Untangled

06:30 min | 6 months ago

"fifty bitcoins" Discussed on Technology Untangled

"Of slain. You saw big marketing budgets and elon musk's tweets blockchain has been hyped beyond belief. And it's also been made more complicated than it leads to be. More i could up angolan go. My name's ingram go. I'm senior vice. President and chief technology officer for a special intelligence at hewlett packard enterprise. So first question. What exactly is a blockchain. Let's start with a public blockchain first. Let's use an example of a analogy of a of a ring binder. You've got this notebook with many blank pages bound by a ring ring binder on page one the record number of transactions. You know. maybe. Jim pays john two bitcoins and sarah pays jim ten bitcoins and so on and so on then on the next page You have the same again. Set of transactions being written down on it and the knicks page and then expansion so on so if if you imagine each page is a block and all the pages of bound by the ring bind up being the chain. You actually have a a blockchain there right. So that's what blockchain is except for the fact that in a public blockchain this ledger or this record. Write this chain of pages. Chain of blocks is digital and is distributed to everyone publicly equally publicly with no central custodian. Why you want to use a blockchain. There are two major reasons. Why you want us a blockchain right first and foremost this when you wanna keep record of an entire sequence of transactions especially if you want to go all the way to genesis the beginning and secondly you won that record to be transparent that is you want the decentralize it by distributing copies of the same sequence records to everyone equally with no central custodian and within that de fall. How'd you than the fact that with everyone having a copy how to have any tempering capability and his swear you would apply a cryptographic hash and finely within transparency. How do make decisions if everyone is equal in the sense right in a public blockchain they have heavy cryptographic puzzle to solve and if the application has a need for any one of these capabilities. This is where you would use a public blockchain. Now you might use the phrase public blockchain in fact also a private blockchain and the as but we'll get to that in just a minute first to understand why people are so excited by blockchain. There's no better example than the world's most famous use case cryptocurrency and the world's most famous crypto currency bitcoin. In two thousand eight the white paper. Could bitcoin appear to peer. Electronic cash system was published by an elusive person or persons under the pseudonym satochi nakamoto people was published in two thousand eight and then a solution mine the first block the genesis blocked right right to the beginning call blocks zero in two thousand nine and after mining that block he was awarded the very first and therefore created the very first fifty bitcoins and then in twenty ten december. Twelve thirteen he. She evaded when quiet and he has been quiet for more than ten years. Now so that's how. That was always thought that i'm what was so revolutionary in the way that bitcoin was setup it is applying the idea of public blockchain to financial transactions and the implications. That comes with it right. If you look back at the two points is a record of enticed and sex and sequence going back to genesis imagine now having financial transactions that you can trace back all the way to the very beginning timestamped botching forward in time and it is transparent meaning everyone can have a copy to look at all the transactions albeit debt. There is privacy associated with the entities making those transactions and there is no central custodian and in order to make decisions as to what transactions are valid. There is this competition why because there is no central custodian to make that call therefore you need a consensus to be reached as to what transactions are valid. You have to have a competition to solve that problem. You hear the cryptographic competition referred to as proof of work offer bitcoin. It's most common. Monica bitcoin mining now minus. Oh compete by using their compute power to try and solve a complex hashing problem and for bitcoin. They get paid in bitcoin. Sweet what's the problem. As solved the transaction or block is added to the blockchain and then finally because get a copy. How do you make sure like in financial transaction that no-one tempest with it. If everyone has a copy of it right the answer is the cryptographic hash right. If you go back to the analogy of the ring bound notebook with all the transaction on each patient therefore each block at every page you can use a cryptographic hash to consume the entire page of tax transaction on that page right and then produce you a sixty four digit Number cryptographic hash is what makes blockchain impossible to tamper with or immutable. And if anyone changes the information of the block the hash that is out will be outed. But it doesn't stop after that you take the cryptographic hash of each block and then hash them again to get overall hashtag mba sixty four digit heche number so that if anyone touches any block in history changed at blocks hash therefore it will also change the overall hash and you will know it. This is how the ensure that in a public blockchain where everyone has a copy of that entire chain and tie history that.

Jim sixty two thousand each block more than ten years Twelve thirteen each page first question two points jim page one two bitcoins sarah john hewlett packard enterprise Monica two major reasons two thousand nine fifty bitcoins ten bitcoins
"fifty bitcoins" Discussed on Technology Untangled

Technology Untangled

02:00 min | 6 months ago

"fifty bitcoins" Discussed on Technology Untangled

"Thanks the perfect storm of slain. You saw big marketing budgets and elon musk's tweets blockchain has been hyped beyond belief. And it's also been made more complicated than it leads to be. More i could up angolan go. My name's ingram go. I'm senior vice. President and chief technology officer for a special intelligence at hewlett packard enterprise. So first question. What exactly is a blockchain. Let's start with a public blockchain first. Let's use an example of a analogy of a of a ring binder. You've got this notebook with many blank pages bound by a ring ring binder on page one the record number of transactions. You know. maybe. Jim pays john two bitcoins and sarah pays jim ten bitcoins and so on and so on then on the next page You have the same again. Set of transactions being written down on it and the knicks page and then expansion so on so if if you imagine each page is a block and all the pages of bound by the ring bind up being the chain. You actually have a a blockchain there right. So that's what blockchain is except for the fact that in a public blockchain this ledger or this record. Write this chain of pages. Chain of blocks is digital and is distributed to everyone publicly equally publicly with no central custodian. Why you want to use a blockchain. There are two major reasons. Why you want us a blockchain right first and foremost this when you wanna keep record of an entire sequence of transactions especially if you want to go all the way to genesis the beginning and secondly you won that record to be transparent that is you want the decentralize it by distributing copies of the same sequence records to everyone equally with no central custodian

Jim sixty two thousand each block more than ten years Twelve thirteen each page first question two points jim page one two bitcoins sarah john hewlett packard enterprise Monica two major reasons two thousand nine fifty bitcoins ten bitcoins
"fifty bitcoins" Discussed on The Pomp Podcast

The Pomp Podcast

05:42 min | 6 months ago

"fifty bitcoins" Discussed on The Pomp Podcast

"Sixty fifth seven one sixty fifth. I'm thirty six years old now bro. Like i want to solve more than one point. Six percent of the global problem that i had a vision to solve and half a billion dollars is not that much money. I mean there's probably backstage ran into you know. Fourteen people that you know have a lot more than that. And this is what i worked fourteen years and we're considered one of the fastest growing charities in the country and we're considered a picture of rapid acceleration. So the idea here is that you know. I believe bitcoin could provide an exponential growth story. Where because of this strategy people are willing to give it both big and small. We had someone's giving us fifty bitcoin. Actually tyler and cameron matching the wink. Losses are matching the first fifty bitcoin of this funds. So i think there's there's an opportunity for people to give significant way and then i want people to be able to give fifteen bucks worth of bitcoin sixty worth of bitcoin. One hundred and forty dollars. And we're one of the other things that you and i were talking about and you were helpful with is to. The idea is to keep this. Trust bitcoin native as well so we don't imagine in twenty twenty-five like just thinking about this in dollar terms. We actually want to spend the money in bitcoin as we start unlocking the trust and is the bitcoin starts going out to provide clean water for people hopefully vastly appreciated in for five years. We don't imagine turning it back into dollars to then turn into ethiopian. Birr or the rwandan franc. The whole idea is take bitcoin in hold bitcoin and then five years from now or more when you go to build that well that previously cost ten thousand dollars now you spend a tenth of a bitcoin right or whatever. It is ten wells. Yes and when you do that which are actually able to do. Is you're able to use a global currency to accept hold and spend and do it across all these different countries but what you're really benefiting from his the appreciation of the purchasing power. And you talked about this. Why should we suffer the same soap. My core business is in. us dollars. I'm going to raise one hundred million. Us dollars this year from a million generous individuals around the world. But why should we suffer from the same depreciation with our purchasing power as we're trying to get human beings.

Six percent five years fifteen bucks fourteen years Fourteen people half a billion dollars cameron ten thousand dollars one hundred million tyler Sixty fifth fifty bitcoin sixty twenty twenty-five thirty six years old first fifty bitcoin One hundred and more than one point both seven
"fifty bitcoins" Discussed on Snarf Talk

Snarf Talk

04:31 min | 6 months ago

"fifty bitcoins" Discussed on Snarf Talk

"Twenty-one there will only ever be twenty one million. Bitcoin on sir mind which should occur in twenty one forty. There will never be any more bitcoins. So who is the leading holder of bitcoin. Right now like who has the mature. It's the chinese government really. Yeah sure you're sure. But you haven't looked at i i've heard it. I'm pretty sure that's right. They have huge. Bitcoin mining operations the chinese government. Do you want me to look. I'm heidrick hydroelectric dams just to power bitcoin mining warehouses. What yes it's it's ridiculous. It's a thing man that is unbelievable. Approximately every ten minutes. Bitcoin miners discovery new block. Every ten minutes right now but that's going to expand. Its always expanding right. Well yeah you said. Twenty forty something. Twenty one forty. What twenty century yes. That's right hundred nineteen years. That doesn't make any sense in return for discovering a block the minor receives a fixed number of bitcoin for the work called a block reward. When the bitcoin launched the reward was set of fifty bitcoin but the rewards have every two hundred and ten thousand new blocks which is every four years. Roughly now at block reward has been his twenty-five bitcoin so right now if you mind a block of bitcoin you get five of them. They're worth roughly fifty thousand dollars apiece. Right that's a lot. The most recent block having occurred in may twenty twenty cutting the block reward six point two five bitcoin. The next having will occur in two thousand twenty four. that's why it's ever increasingly difficult to mind. Bitcoin right so the price is going to go up as a tabbed like not necessarily not necessarily the price is independent of mining right so but the is like the stock market right. It's a commodity exchange. Yeah people are moving to morale buying and selling them so mining them is kind of dependent the value of a mind. Bitcoin is just dependent on whatever the traded value of that bitcoin is but if the less like less amount of people start mining bitcoin. The more.

five fifty thousand dollars twenty one million two thousand twenty-five bitcoin fifty bitcoin hundred nineteen years two every two hundred and ten thou every four years twenty four ten minutes twenty century chinese government six point bitcoin Approximately every ten minute five bitcoin heidrick Bitcoin
"fifty bitcoins" Discussed on Heartland Newsfeed Radio Network

Heartland Newsfeed Radio Network

05:19 min | 1 year ago

"fifty bitcoins" Discussed on Heartland Newsfeed Radio Network

"What he's referring to there is the mining rate right of. Bitcoin is predictable. Meaning that we know what it is right now and we know when it's going to get cut in half and it's already been cut in half a few times. It started at fifty bitcoin every ten minutes. Roughly coming out into the minors. Which reminder with windsor then it went to twenty five then went to twelve and a half and now it's six point two five and in a couple of couple years basically tend to go down to three point one to five per ten minutes so We're coming up here. It's free talk. Bear the rescue dog had very flaky. Skin dropping a lot of and steroid injection was at a dead end old. Vip t. e. dot com. Probably six weeks after we started using dino light. No more flaky. Skin doesn't scratch the ditch. Awesome annabel happier. Dog will be every rescue. Dog in american deserves dinovite for ninety days. Vip dot com. What if the united states and soviet union had fallen land sea air and the astral plane struggled for dominion across parallel dimensions or on the surface of the moon wonders would have been unveiled what terrorists would have haunted mankind most dark and dismal dimensions. Come closer here through a glass darkly and discover the horrifying alternative visions of world war from today's greatest minds in science fiction. Fantasy and horror weird world war three available. Now from bain books at bain books dot com. Are you tired of governments around the world. Killing innocent people stop using their money. There is an alternative. Bitcoin stateless free market non-political currency. Bitcoin is money that cannot be inflated or controlled by any state by continuing to use their money perpetuating the killing. Stop doing it. You have an incredible alternative available to you now learn it use. It spread it get started with bitcoin at bitcoin dot com. It's bitcoin dot com. Divvy has been a pretty good investment for free talk live their ad campaign started in september twenty nineteen and from mid march to mid july values soared by ten times. It's not too late davies. New wallet hasn't even released yet and other things are happening that i can't even say on the radio. If you want to invest and potentially do well go to project dot org. I can tell you that if l. is deepening. it's partnership with the guys from divvy project dot org past performances not an indication of future prophet divvy project dot org the i. Project dot org join. Liberty minded volunteers anarchists and libertarians from june. Twenty eighth through july fourth for fork. Fast twenty twenty one at rogers campground in the beautiful white mountains of new hampshire fork. Fest happens the week after the porcupine freedom festival and fork fest is decentralized which means no one is in charge that also means. There's no ticket cost just reserve your camping. Rv site or motel room with rogers campground for june twenty eighth through july fourth. Where better to celebrate independence day the around to other freedom loving activists in the shire you can relax and enjoy the camaraderie of like minded people or you can create whatever experience or event. You'd like others to have if you're planning an event for fork fast. Be sure to let others known advance you can connect with fellow forecasters via the unofficial telegram chat or the fork fest forum links to those are unofficial website for fast dot party. Mark your calendar for june twenty eighth through four fourth. Twenty twenty one. We'll see you at four fest dot party so you've heard all three hours of the latest episode of free talk live and you're still hungry for liberty oriented audio content. Did you know that we have another twenty. Four seven audio stream at l. aren dot. Fm the liberty radio network airs. The latest episodes of some of the best liberty oriented podcasts on the internet around the clock in addition to recorded content. You'll also hear live shows like free. Talk live originating from our keene new hampshire studio so listen anytime at l. n. dot fm. That's elo ren dot fm looking for a great real estate investment. Consider new hampshire which is ground zero for the liberty movement. Your first call should be tomorrow word. Porcupine real estate is more than just a real estate agent. Easier new hampshire concierge. Where are the best places to live. Do you want farm city the burbs or forest. Do you want a duplex multifamily buildings. So that renter's pay your mortgage their homes in all price ranges in new hampshire and mark.

"fifty bitcoins" Discussed on Heartland Newsfeed Radio Network

Heartland Newsfeed Radio Network

05:32 min | 1 year ago

"fifty bitcoins" Discussed on Heartland Newsfeed Radio Network

"I mean they might make parts a little whoopie do. But if that's true the price would come down. House with television sets right. I used to pay. I didn't pay this but like us to have to pay thousands of dollars for the newest latest greatest high-definition technology and like now this christmas. I saw ads for fifty inch four k. Mantra tv. or i've got four hundred and fifty bucks something like that you know. Snowden further said that crypto currency in the general sense is not solve the problem of inflation hidden tax in that way he added that is that the bitcoin network in a large way makes it more predictable as it. Quote has a predictable rate of inflation which is constantly decreasing. What he's referring to there is the mining rate right of. Bitcoin is predictable. Meaning that we know what it is right now and we know when it's going to get cut in half and it's already been cut in half a few times. It started at fifty bitcoins every ten minutes. Roughly coming out into the miners. Whichever minor win wins. Then it went to two thousand five then it went to twelve and a half and now it's six point two five and what a couple of a couple more years basically to go down to three point. One five per ten minutes so We're coming up here. It's free talk. Live is german shepherd and hasn't had any kind of health problem at all he's been on dynamite. He's a puppy n. o. v. i t. e. dot com. We tell anybody that has a dog if there was something that you could do right from the beginning so that you don't have expensive veterinary bills. Why would you not do it. Get the dynamite dynamite for license man. Happy will be the i n v i e. dot com. What if the united states and soviet union had fallen landis sea air and the astral plane struggled for across parallel dimensions or on the surface of the moon. What wonders would have been unveiled. What terrorists would have haunted. Mankind most dark and dismal dimensions come closer here through a glass darkly and discover the horrifying alternative visions of world war three from today's greatest minds in science fiction. Fantasy and horror weird world war three available now from being books at bain. Books dot com. Are you tired of governments. Murdering people around the world stop using their money. There is an alternative. Bitcoin is a stateless free market. Non-political currency bitcoin cannot be inflated or controlled by any government by using their money. You are helping the state stop doing it. You have an incredible alternative available now learn it use. It spread it get started with bitcoin at bitcoin. Dot com. that's bitcoin dot com divvy. He's been a pretty good investment for free talk live their ad campaign started in september twenty nineteen and from mid march to mid july. The values soared by ten times. It's not too late davies. New wallet hasn't even released yet and other things are happening that i can't even say on the radio. If you want to invest potentially do well go to divvy project dot org. I can tell you that f. t. l. is deepening. It's partnership with the guys from divvy project dot org past performances not an indication of future prophet divvy project dot org the i. Project dot org. Why did you move to the shire. I moved here to the shire. Because there's other people around who take liberty just as seriously as i do. I moved to the shire. Because i saw videos of people challenging authority and thought that i could get support myself. It called to me like do this right now. I wanted to be around people like me. Who got it and once i got here i knew there was nowhere else i wanted to be. I've always wanted to change the world. So i moved to the shire to join people who were actually working towards doing the same thing. The people here are awesome loving and positive it was for the adventure and for the feeling of something important is happening here and i just wanted to come to sort of be part of that. Visit shire society dot com to read and sign the shire society declaration and learn the reasons. Why if you love liberty. You should immigrate to the shire. Plus connect with others via the forum at shire society dot com. That's shire society dot com tired of cancel culture sick of negative corporations holding an axe over your head joined the on. Fm matrix chat server itself hosted. So no one else can tell us what to do or say don't like the existing channels. You can make your own. You can even connect into some of our channels from other matrix servers. it's federated for the full l. Our end on it then make experience though you should join our server via the step by step instructions at chat dot dot. Fm chat dot l. r. n. Dot fm the new fourth edition of healing. Our world. the compassion of libertarianism. We'll take your understanding of liberty to a deeper level and has ever thirteen hundred updated references new cartoons and a foreword by dr ron paul with discounts for multiple book purchases. The fourth edition of healing. Our world is a great gift for the liberals pragmatists environmentalists and christians in your life. Who think libertarianism is cold hearted get yours today at healing dot freetalklive dot com and use promo code f. T. l. for a five dollar discount. Some of our live shows are streamed in hd on twitch please follow and share it twitched dot dot fm. That's twitch dot l..

Bitcoin Snowden bitcoin bain soviet union shire society davies united states dr ron paul T. l
"fifty bitcoins" Discussed on Heartland Newsfeed Radio Network

Heartland Newsfeed Radio Network

08:48 min | 1 year ago

"fifty bitcoins" Discussed on Heartland Newsfeed Radio Network

"Hundred dollars in the last thirty minutes. Which is not unusual at all over. Worries that pseudo anonymous. I say he's anonymous at this point. Bitcoin INVENTORS TOSHI. Nakamoto may have moved some of his coins. Bitcoin fell to a low of ninety. Five fifty well sued anonymous. Means that you have taken a pseudonym to keep your name out hidden so he is anonymous okay. That's not generally the way seeming. Not Anonymous Okay I can. I understood it to mean like pseudo anonymous. Not that that makes more sense okay earlier today. Fifty bitcoin mind in the first month of bitcoin's existence removed as decrypt reported worth fifty thousand dollars and allegedly only. Three people at the time were even aware of bitcoin existence. Which one of them's dead? Yes but his wife in theory could have access to the funds. Sister Toshi Nakamoto was one of the few bitcoin miners at the time when a three bitcoin miners at the time it has been suggested that these coins were his. However while some of the wallets while someone less are known to be Soto. She's the status of this wallet was less than certain. In fact researchers argue that the wallet was not one of these according to a study by independent researcher. Talker for Sergio Learner. A separate minor mind one million eight hundred fourteen thousand four hundred bitcoin in his early days. Wow yeah that's staggering. Just thinking about how much that's actually worth in. Us dollars and today and whoever has that has never cashed it in a million just bizarre ten thousand dollars a piece so doesn't math on that. My brain kept process that many zero's that quick that's four extra. Zeros added to a million so set ten billion. I think I don't know it's a lot of money and the person none of these people have ever touched it until today. He has since published and updated study which focuses on the nonce of bitcoin of the bitcoin block. Further evidence regardless speculation has about ten billion and they're just not touching it s insane. There's this one month that's just one month. After the first bitcoin block was mind. There are not a lot of people who could have done this. Perhaps close associates of Saito. She well alert. Which tracks crypto currency? We must wrote forty. Bitcoin transferred from possible. Such she owned wallet to an unknown Wallet. Actually as I understand it was sort of put through a mixer. Wasn't it and they just distributed to dozens of wallets right. There's no way to know what happened to it so you know that's what should do with Genesis Wallet. Oh absolutely so it. That's not the only interesting part about this. Though for those who remember Craig Right. Claims TO BE SA- Toshi Nakamoto. So this is a guy who could be a huckster. Most certainly is a maniac and likely as huckster. I believe he is but he has sort of fashioned himself as Komodo he's come out and right and right out and said I am so she nakamoto but he's done everything but I'm almost positive he. He literally claims to be such how she right. I'm not of course he's not he's a looney. He's worse than he's worse than Vinnie Bureau. People BE AT LEAST. Baru people say that for school. You know that via the thing that the planet is GonNa come and crash. They don't just blew doe. It might happen. Killed themselves to get onto the spaceships novus known so alive. The Heaven's Gate people all right. Vincent's talking about planet x CA. I believe is called person who behind it was banned from coast to coast. Am because all of these predictions just failed to come. So I sister Herald Camp Guy. I don't know the name. I just thought he was heaven's Gate as well. Count by conspiracy theory. It reminds me of Craig Righteous. Just because all these times it said Oh finally is going to try and prove his Toshi. Finally he's going to manage as he keeps coming up with excuses and he still expects people to believe him or maybe maybe there are certain amount of people who actually legitimately believes that. So that's why he's keeping this rift on for has well. He's kind of screwed now because he was involved in some kind of lawsuit where he submitted a number of bitcoin addresses to the courts. Say That I'm the owner of these while it addresses but I no longer have access to them. He says competent boob is this wallet was this Wallet. Contain those fifty bitcoins. One of the the wallet that moved the Fifty Bitcoins was included in the list that he submitted to the court of that's interesting he owned so now it has been moved yeah. He claimed that it was his to the court. Yes and he also claimed to the court that he did not have access to it. He didn't have access to it so he either moved it which he didn't and has lied to the court about not having access or he didn't move it and lied to the court about him. Having at one point had access to it yes one way or the other he he has committed perjury either. It's not the worst perjury. He just come out and say oh. Yeah I got that Wallet Address Wrong. Sorry the problem was that it was like the first sixty eight public wallet addresses. That were used that he submitted to the court. Five of which were already proven not to belonged to settle. She Komodo in the first place shirt and but he claims he's a Kook and not even very good researcher to boot. Yes so now. He's just completely screwed and I'm interested to see how that plays out for him. I mean he has. I don't think the court's going to do anything about it. You know it's not like they're looking for their fair share loonies right now. If he says that he was the one who moved the coins then he could be held in contempt of court and sentenced for perjury among the thousands of filings in his trowel there are numerous sworn affidavits where he claims he had no way of accessing the coins because there was some currier involved who had a lot of money and they paid him to hold it. It's is so completely ridiculous. However if he denies having moved the coins it would mean that the address belongs to someone else saying that someone had stolen the private keys would most likely be very thin defense. That probably wouldn't stand up in court or saying that someone hacked the private keys while technically while theoretically possible is not practical no. There's no way someone Hecht this so we haven't heard from him but as of now several prominent analysts claimed that while these are most likely not coins that have been mined sabotaging Komodo. It is the first time since two thousand seventeen that funds dormant for more than ten years have been moved. Yeah I would say it's exciting that it's like it's like the Super Moon or whatever you know. Oh Wow that's cool. Two thousand seventeen was at the year that it went up to twenty thousand dollars just fell off a cliff. Yes that's correct okay. So two thousand seventeen was the the big month so this is the first time since then that that has happened fascinating. Should be interesting to see how this plays out for both bitcoin and for Craig right who claims to be so Komodo. I want to see just confirmation that Santos Camacho is still alive by a move of you know one Toshi of Bitcoin to some other address. Yeah I've always liked the idea that it was that guy that had that we are disease that he couldn't was in like an electric wheelchair. Kind of like a Stephen Hawking character. I was like the idea that it was him because he died and that solves the problem. I certainly think it's a bad idea for whoever Potosi. Not Komodo is if this person is still alive to come and say. Oh Yeah I'm so she. It's a bad idea for countless reasons. Well I mean it's not like it's her creek right much but that's because no one believes him in his claim isn't credible well. Government did leave him enough to to try to attack him on the Australian government in the South Park video game sister to budget things and actually pasted Koalas on there. So they're not exactly a government that I can take seriously worsened. Canada in many aspects. So yeah so governments around the world some of them at least take him seriously. Canada freer than the United States according to the heritage according to a coke or whatever. Bs The most ridiculous thing. I've ever heard I. That's why I don't trust you. Don't believe absolutely.

Bitcoin Toshi Nakamoto Craig Righteous perjury Genesis Wallet researcher Fifty Bitcoins United States Australian government Canada Sergio Learner Vinnie Bureau Soto Saito Stephen Hawking Vincent Hecht Santos Camacho currier
Zach Burks: Adoption On The Way Through Non-Fungible Tokens

The Trader Cobb Crypto Podcast

11:26 min | 1 year ago

Zach Burks: Adoption On The Way Through Non-Fungible Tokens

"ZAC. Books is the founder of mine table up with me today from Singapore might thank you so much being on the show. Amen Thank you. I appreciate it. I worry as we look those starving first of all your background because I know that this isn't the first thing that you've involved in the spice. When did you get in and if you could take a walk through as to what it is Brought you to this point. Yes so sorry on the nights of read that wrong of putting in the mental mental. Like you could amid stuff so it. `Bout about my background. I've been in Crypto since two thousand twelve got into Bitcoin at about five bucks. It was quite a while ago. Actually think back on it. I can't believe how long it's been And then I got. I got into software development and started working as a contract developer on Syria. Back in late. Twenty fifteen twenty sixteen And make a long story short. Basically did that for a bit and I saw This Erc seven twenty one standard. Come out and this came out along after the first. Nf she did the scene and the first NAFTA was this thing called crypto and I remember seeing these crypto punks and thinking about like. Oh that's cool. It's like a little Avatar and there were limited. There's about five hundred or some small now and you can go through pick whichever one you wanted and then claim them and about a week short and Like I found a week after it came out so there were none left that I liked that. I wanted to claim so I never thought that was the first example of a non fungible token on the botching and when I found that it piqued my interest. A little bit still fairly new. We didn't call. Non fungible tokens at that point. It was just kind of this. Avatar project Then this game came out called Crypto kitties and. I'm sure a lot of people familiar when it gets enough. Keys and Crypto kitties and funny funny enough story. I was Actually the first person to make money on Crypto kitties because at the Hackett on a day war but they came out. The idea was kind of like earth out of Day were live streaming and I was washing California and they said hey could game go to like Beta dot dot com or whatever and So I'm sitting home and I'm being a while a game on. We've never seen this before. I WanNa play SAR win. Sort OF PLAYING THE GAME. And there's only like twenty other people because you know. It was at a hacker on everyone's busy accurate and work in their own project. I was just seeing their home. Spamming the spamming over and over in Taiwan and I went to the prizes and Benny the founder. I was trying to claim my eat surprise. Who was like? Oh Man. I'm so happy Wendish. Were you out in the heck. Come down to the booth by the balloons and we'll chat. I'll shake your hand and I am in California right now and He he wasn't too excited about that because this is in Canada's or their Akhavan was and that was how he's GonNa hit the scene and that's how I really got up close and personal in a teasing from that point forward All my focus was on. Nf T- From Development to research to the ecosystem I have a paper published with the I. Tripoli on using our contracts blockchain teased out Within a supply chain for food traceability and and so since Krypton kitties really been focused our MP's and came up with the idea for miserable because that's all there was a lot of problems with impedes Mainly like you know managing those entities for example. You know if you go to your wallet with your ears. He Twenty Tokens. It's very simple for you to transfer them rides. It's made for that but The Wall it's you know at the time warp made for an keyser's only like one wall at the at collectibles on their We made a manager which leads any wall interact with their NFC's and work on most the NFC is out there as long as they're not like to custom Just like ears twenty two and that was the start of of something groups a little bit of background. So you've been around I mean that's that's remarkable blind. Bitcoin BECCA five dollars. We'll donahue you bought a bunch beheld. Yeah well unfortunately of course you know back when it was five dollars. No-one held it. We bought it to to spend it. Yes I spent a lot apply spent about About one hundred. Fifty Bitcoin Buying things that I probably shouldn't have and looking back on that now thinking somewhere around three four seven million dollars about seven hundred fifty thousand dollars And slapped my head thinking wow. I can't believe I've spent that much twenty on the stupid things I've thought but I kept a bit and it's a it's been good. I've been able to live and work on my own projects. I haven't had a job for quite a few years now and So it's been next. Well well done so. Let's back into that and if you will because I'm hearing a lot more about it than an inmate. I mean I think there was the travis and JAL from the bag. Crypt type PODCAST. We're also talking about that recently and suggesting that it was going to be somewhat of a breakthrough and a real sort of rubber hitting the road for twenty twenty. Being non fungible Tokens It seems to be getting a lot of momentum from a lot of people respect. So can you tell me why? So many people talking about non fungible tokens in. And why it's going to be something that's used and something. That trump is going to benefit table and the spice and who will benefit from out so our question. But what is the tree breakthrough here using Non fungible titans. What is it that we're looking at? Yeah and you know back podcast. A great example. I was actually just on a call with Joel yesterday. talk with him about his. Nfc's and seeing how we can help them out and the thing is is this why. It's got the potential to be such a breakthrough adoption building kind of token devices because their use cases for inept. Keys are so massive. It can go from something like a ticket or proof of listening to your podcast. You know for example in this podcast you can say hey go to this. Lincoln claim I N T and if you have you know ten of those in a tease from ten different podcast. I'll give you a free a free class or free less than or access to my course an fifty and accusing him. They'll give you free access to the conference so speaking out or whatnot and so that's just one example of how you take something and it can be modified and changed to fit almost any use case from games to attendance to financial markets Inept he is can be used to be able to take real estate We've seen real estate be used quite a bit within a piece where You know you take. A House is represented in shares in the. House are keys because you gotta you gotTa remember without the difference between the NFC. In years she twenty is that in your she twenty. I can send you have. I can send you a quarter. I can do zero point two size of of any token but with an years. Seven twenty one an nf. Chea- it's non hundred meaning one of the things that can't be divided right so if you think of a trading card like Pokemon or baseball card. I can't give you half of that car. I can't rip it in half and give you half that right if you're thinking of a Cat. I can't give you half of my cat. I can only give you my cat right and this is really cool off of your capital. Absolutely I guess yeah. I would be a very good cat owner. So the thing is is is. This gives us this new kind of functionality where you can take something like shares in a company and you can create you know whether it be financial shares for an actual company or whether it's shares in real estate or whether you do something like say token izing your files and this is what we're working on right now is to allow people to create a file and then have represented on the blockchain. And the reason we do this because you create a cycle of continuous engagement for something that used to be like one time and so we go back to the example of your podcasts by giving. Nfc Insane if you collect Tennessee's Will give you a coupon or we'll give you a discount your free. Something Is Is incentivizing engagement. Where normally it's very hard to get engaged for listeners? Podcasts or for say celine some thoughts or graphic design work Normally people by listen to purchase it and they never go back they never interact with the seller. The podcast stir anyb- but by having enough teas you get dying gauge and this increases the the seller or the podcast persons customer engagement rate and this also increases their revenue increases their profits and ashes one example. It's it's literally endless of the use cases for NFPA's I think one of the most interesting would be you know something like identity or food traceability right so an NF key could also be passed. Or now I don't know if you should necessarily your passport on the blockchain because the public and everyone would be able to see your passport if there was a way to include privacy into this. Nafta then it could be used from like a government agency to issue some sort of identity documentation or could be used to issue a permit saying that you are able to do something or the D. to your house or your driver's license and all of these use cases are really fast. That's why died crypto Joel and Travis. They think the two thousand twenty is going to be the year of the tea and you know we. That's not necessarily new right. Twenty nineteen first of the year of teas. And that's something that mental is working on is. We're we're trying to find these problems that we see in. Why enough keys having gained mass adoption yet? Now we're trying to address. These problems raped. One of the things is Kinda complicated. People think non fungible and make. I'm never I never heard that word until you know until I found the nonfederal tokens and then I had to learn about what that is. Oh a dollar it's fungible You know a a beer bottle. That's not fungible And so that's you know some part of it but the other part of it is the complications of if if you're trying to do a video game item and you're targeting video game players these people they don't. They don't have crypto wallets. They don't WanNA learn about blockchain they don't WanNa know about immutability and how transaction worse they just they just want their scan. It just went. They're done you know they just all whenever I and these are some of the problems that were for example when our when our marketplace Abou- everything will be able to be done with a credit card. If you've never had big corner a theorem and you don't have a wall. It won't

NFC Founder California Joel Travis Singapore Zac. Books Baseball Syria Developer Bitcoin I. Tripoli Hackett Canada Donahue Taiwan Keyser Lincoln
"fifty bitcoins" Discussed on Bitcoin Radio

Bitcoin Radio

03:33 min | 1 year ago

"fifty bitcoins" Discussed on Bitcoin Radio

"I'm not talking about one person messages. Me Fifty Times in that counts as fifty messages. I'm talking about individual people all you folks. I don't mind I don't want to pretend like I'm mad about it or anything I'm not. I appreciate that people look to me for advice and and they look up to me and a lot of ways but I'm fortunate to have that stage. Don't get me wrong but it it. It's a sign of the bull market. When I'm getting these stupid questions. What coins GONNA pop next? Show talk about by coin. Hey Joe here's one hundred dollars. If you just post about this coin no let me alone. Stop Esther Stupid Shit folks? People GETTING EXCITED PEOPLE WANNA get in there because now I mean I guess that's that That old foe malware on like talk about But yeah it's a good sign. People are excited. People are ready to start throwing some money around. People WanNa make money so that's good for everyone for the market. That's for sure. Yeah and I mean I was kind of asking you before the show here about this tweet. I saw this tree kind of shared around a lot. And it's got like a thousand retweets. Three thousand likes this dude. Really heated at bit mix lay. It was late last week. It went out. I think it looks like he had. He had some his ex. Rpg and he's saying fuck. You Bit Max is not okay. My Sop didn't trigger in my entire bit Mexican. It's fucking gone. Fuck you and he's trying to like. I guess he's trying to get attention because from what I am gleaning from it again. I'm still I'm I'm learned in this community a bit but I'm still relatively new still learning and he was trying to get money back. He's saying it's a scam. So I mean what happened here. Yes so I saw a tweet as well. Many people have tweeted that he was trolled. Godly troll by And that was the other question. 'cause I was wondering is this guy. Just trolling goof. Or now now I. I believe that this actually happened to this dude. This is not a unique circumstance. Although it's usually uncommon. I don't pretend like this is something that's happening to people nonstop all the time. It's never happened to me on that level. I'm also not dumb enough to go all in on. Probably fifty x margin and get liquidated. No let me rephrase that. I am dumb enough and have been dumb enough in the past for that to happen. Don't don't drink and trade folks right but I've learned my lessons to a certain point where I would I would never ever put myself. I don't I unless you throw away money that you're gonNA roll the dice. You might as well go to Vegas when we had that conversation. This is what went down. This is this is what he's referring to. He was bit Max and bit. Max is what I consider the bait. The Great Bitcoin Casino. It is a casino. Folks there are a few people. There are people that are pros and they do really well. But I'll stand by this when I say it. If you don't have a lot of money you're GONNA lose because you're going to get greedy and you're not. You're never going to be satisfied. The people who have made an already have a lot of money that are typically really capable of emotionally handling the ups and the downs but in this circumstance this guy was not trading back when he was trading ripple And he was on bit Max. And he he leveraged he did he did a trade where he multiplied and the amount of excerpt that he was that he was should've had just based on the amount of money he had he was able to multiply that in. Have probably it I would. I'm I'M GONNA guess ten x but probably more like twenty five or fifty x worth of of margin on there so fifty times the amount meaning if you have one bitcoin you can. You can trade with fifty bitcoin and you get.

Max Joe Esther Vegas
"fifty bitcoins" Discussed on Heartland Newsfeed Radio Network

Heartland Newsfeed Radio Network

03:10 min | 2 years ago

"fifty bitcoins" Discussed on Heartland Newsfeed Radio Network

"And that, that's one reason why it is, as you know, the way I is isn't scans as it is with within our society. She's not wrong that it is the belief in those things that does give value and even legal tender. Glows are, are easy to get around, if you really want to all you have to do is triple your prices, and then give a sixty six percent discount, anybody who pays in coin or specie. And then yeah, we'll take cash you just have to pay three times as much as any other means of payment. That's how Jay noon. Does it our Wednesday night co host he does? He does work. You know, he's like a handyman, and he charges more significantly more for anybody that wants to pay him with a check or with cash. Yeah. And I guess I do the same thing, although it's just I'll give you a significant discount. If you pay me and in anything, but US dollars at first bitcoin was just an interesting experiment conducted at home by computer programmers, like laws low hunt yet. Because his future was one of the computer's, helping to maintain the bitcoin network. Satory knock Emoto software. Rewarded on yachts, with some bitcoin, but there wasn't much he could do with it back. What's called me mining reward? So you know early on. It was relatively easy to mine bitcoin. You know, back in the day, they would pay you fifty bitcoin at once if you found what they call a block on the blockchain, if you were the, the lucky minor to, to get the blocks and the way the mining works with bitcoin is the more people are mining. The more machines are mining, the bitcoin the more the difficulty increases over time. So it makes it harder and harder to find those blocks. And they've, they've come up since the early days when you could just do it with a laptop, they've come up with much more complex mining hardware as well. So you, you can't do it on a laptop anymore and compete. You have to have the, the ballsy graphics card. Words or whatever that make it possible to do these things or the custom hardware. Yeah. And to me, that's probably the most unfortunate thing about bitcoin. Is that it spends so much energy and so much hardware on a problem without that energy or hardware, compete contributing to solving that problem better? Okay. It's contributing to fraud prevention. Right. And it's necessary for that. But adding more bitcoin miners doesn't mean you can mind doesn't mean that you can process more transaction doesn't you're right. And that's an unfortunate as a programmer. I see that as an unfortunate, but possibly unavoidable condition. True. The blockchain isn't an efficient storage method, but it is a very secure one. There's more coming up. It's free talk live negotiation isn't just something union leaders and sports age. Agents do your entire day is a series of negotiations. If you have young children, you.

US Jay fraud programmer sixty six percent
"fifty bitcoins" Discussed on Security Now

Security Now

04:58 min | 2 years ago

"fifty bitcoins" Discussed on Security Now

"And we, we know this from watching was crypto currency exchanges. Unlike the underlying technology behind currencies, like bitcoin, ether, and light coin crypto currency exchanges are centralized and not yet regulated to the same extent as most financial firms, according to data from cypher, traces twenty eighteen cryptocurrency report nine hundred and fifty million of the total one point seven billion stolen were from exchanges and infrastructure services exchange services are a particular pain, point for the industry, because they're one of the easiest ways for users to get started with crypto currencies as some even handle Fiat currency. So anyway, I won't go on. I, I have more in the show notes. If anyone is interested. But basically this tells us bay, you know what we already know which is. And what we've seen, which is that, that we're seeing lots of startup a me too exchanges. And, you know, if you build it, they will come the they, they collect a bunch of money, and whether it's an insider job. Sometimes, you know, the, the people running the firms are accused of, of, like faking the loss, or, or faking an exterior attack. Sometimes they probably are, as we know security is difficult. And if these things are not well, designed if the if and also the it's also the case that over time you generally mature your security. Hopefully it gets better over time, so anything brand new where there's lots of money involved. You're going to have people trying to poke it. And when it's. When it's a virtual currency theft is electron IQ. So anyway, I just always interesting to, to get a sense of scale on one hand. Sure there's a lot of glamour behind this. On the other hand, boy, you know, if you actually do have any substantial wealth in, in online, coin be very careful where you have it stored because boy, I it's like there's just been a, a long history of these problems. Yeah, I mean, you know, people would say, oh, Steve, you should just put it on, you know, coin base, and you'd be fine. Mt. Cox if you just if you guys are just put it in amount. Cox, you'd be fine. Both of us had the good sense, not to do that. I would feel a little bit worse. If you know, it was stolen that, if we just lost of, well, Leo, remember back, then, none of this existed. Yeah, it was. Yeah. Yeah. Our credit? We did a podcast explaining what the blockchain was, when no one had ever heard the terms for Truter, so, you know, I mean, otherwise of Moy, if I you know what when I mean, I, I know that the dry was formatted because I went back and retraced my steps. Because I for a while I was saying, I think it might be on a computer back. Yeah. Yeah. Yeah. And I so Finally, I thought, okay, let's get serious about this Gibson. And so I went back and I absolutely verified. I know which machine it's on. I know which one it was on. I remembered running this thing overnight, waking up and go, and then I report to our listeners. Hey, you know, memorized, and I said, I was running a, a little minor well turns out vividly next day, I had fifty bitcoin, right? Like, who? Well boohoo on the on the flip side. It didn't cost us anything to cram. That's true. I do like to earn my money but still. Yeah, free money. Ouch. Anyway. Okay. So we have a little bit of comic relief here on a podcast, that need some Matthew green. Matthew green whose full name is, Matthew Daniel Green, our oft-quoted, cryptographer, and security technologist. He's an associate professor of computer science at Johns Hopkins information Security Institute. He got himself a bit worked up over the details of the recent flaw discovered in the configuration of Google's titan bluetooth security dog -als. So probably anybody who has one has already received E mail from Google Google's very good about communication, Google is sending out replacements. If yours is marked with a t one or t two down in the bottom of the back of it, then it's vulnerable..

Google Matthew green associate professor of compute Cox Johns Hopkins information Secu Matthew Daniel Green theft Mt Steve Leo Truter Gibson one hand
"fifty bitcoins" Discussed on Liberty Talk FM

Liberty Talk FM

08:14 min | 3 years ago

"fifty bitcoins" Discussed on Liberty Talk FM

"Check it out at discord dot dot FM as we go and go back to the phones to the fun. Chris is in Nebraska. Chris just as a technical explanation. How is it that you're in Nebraska and listening to our affiliate in pittsfield, Illinois, which is an FM station. W BBA. Okay. I'm a truck driver. And I live in Nebraska, I used to have my own authority in my own trucking company and things went south Bank. Wouldn't do what I needed the Bank to do. So I had to close up shop and work for somebody else in the company that I have done votes for with FEMA and stuff like that went by truck blew up. They called me and said, hey, you want a job over here. He comes Dr one of our trucks. So yeah, I drive a five hundred eighty mile commute to work in back about every month to two months at a time. So you're living in Nebraska, commuting out to Illinois. No, not moving too. That's just might drive to commuting sorry said commute an that didn't come across your commuting to Illinois where you're what are you a regional trucker or you like coast to coast. It's basically coast to coast except for obviously Alaskan Hawaii Hawaii Hawaii so hard to get to because you cannot buy snorkels long enough. Dr. So we do a lot of FEMA trailers, you know? That's what disaster right now. We're on a concrete deal down in Dallas, okay? Actually from Dallas. So you're in Nebraska listening to what their web stream because you can't get the. No, no, no. I'm actually on my way. I'm Archie on highway ninety six okay. Sixty sixty three miles from starting Illinois where the company is. Okay. I was just listen to the radio saying, hey, we're talking about bitcoin. Finally, it's like nobody knows about it around our area. People talking about bitcoin on the radio. Right. Like, nobody on talk radio talks about bitcoin. Exactly. Yeah. You kind of like the comment of nobody calls in that. Listen to talk radio electric it up proof. You're all right. Welcome to the show. So you're new listener. Then Chris so you had not heard free time for tonight. Yeah. Well, I mean, I talk radio all over the United States. But in this particular, however, you guys do your programming and different radio. This. Different. Really, this is what we love. This is why we love being on the radio is because new people who otherwise on the internet. You've got to seek things out. You have to libertarian talk radio. And then you'll find us, right? Like, you're not just gonna find free talk live randomly usually on the internet unless you happen to come across somebody sharing a clip from clips dot freetalklive. You gotta know what to look for right? But on the radio, it's just like you scan in the band. There's somebody talking about bitcoin. Now, you're on the radio with us. So what were you calling about tonight? The the I don't know if you guys talked about it. But most the caller not be caller before because as the car get it. I have a Winchester that has never done anything. So. Anyway. Anyway, I don't know if you've never talked about the mining aspect of bitcoin like Bandera and the other sixteen hundred other points out there. I am a minor. I have home and. Big rig. Yes. Rigs. So my electrical Bill is astronomical. But what I bring in a month. You know, I can I'm going to go on a five week vacation, you know, Hyun fifteenth because all I'm doing is paying for internet and paying for trysofi. And I just, you know, pop that into my Bank, and and the mining as going to pay for your vacation is what you're saying. Exactly now. Okay. What was the aspect about mining that you wanted to talk about because? Yeah. We've touched on it. I mean, it's it's a fairly technical process. So we can get into a whole lot of detail about it because we do have like a general audience. But what was it that you wanted to share? I'll basically the the new mining as maybe some people know that it started out with CPU, you're processing unit on your motherboard, if your computer and the computer could mind bitcoin way way back in the day. Yeah. I did it way back and I was getting fifty bitcoins. You know a day roughly on nine computers. News or graphic. Graf cards, basically, the things you played doom and and. Students at all that video games. Now is turning actually it started before this. But now the mainstream is turning to FPA's which is short for field programmable Gatorade. And what that does is like most people know in computing aspect, you go line by line step by step. And that's how the program run in FPG as their parallel. So, you know, as an example, rush, you take fifty seven times six Bob, you take seven hundred and thirty times four, and you go on down the line, you know, four hundred or forty thousand times while all of that is done at one instance. So what you're saying is the newer equipment is more efficient. It's designed to do mining better. And so therefore, you know, these the the mining world has competed. They've come out with these new chips and these new designs to make things more efficient. Chris your call is awesome. Because not only for all the. Reasons we talked about already, but mining is getting really interesting. There's an article I didn't even want to bring it up because it was too technical. But now we're here. Okay. The saito. She's vision bitcoin fork, there's a paper that came out about it today about how you know how there's like McDonald's Burger King and all these different brands of burgers burgers. Well, this argument was that Saito. She's vision gives minors the ability to differentiate themselves with the product of a confirmation on the blockchain. And so they can you Chris will be able to serve customers the people who want their transactions confirmed on the blockchain, in whatever way, you see is to your advantage as you can differentiate yourselves among other miners. So it's getting really and the beauty thing about that. Is I've got one Rick set up right now that okay, if you remember what your Burke the first one came out? I do remember that they were going to use. There's a YouTube channel on it too. If you search that they were going to you. Us arts and makeup, and all that technology, and it up a tearing and radio control and all that stuff. But there's a couple of guys worked on it. And said, hey, I'll bet you we can do this. Now, we're not gonna do that. They went ahead and did like eight months work and brought them basically a CD. It said this is what we've got what do you think? You mean, you're talking about the designers of the dinosaurs Jurassic Park. They pitched the pitch how good they work, computer graphics and that convinced Steven Spielberg. I I never heard that story. That's interesting. All right. And and what that relates to in the mining aspect is as an example, basically every car commercial that on TV or satellite or whatever since like ninety two thousand three two thousand five I can't remember is a digital car. They are not real most people don't understand that. So as an example, pick a car company, and I just don't wanna stay anything, but pick a car company, and now.

Chris Nebraska Illinois FEMA Dallas pittsfield Alaskan Hawaii south Bank United States Steven Spielberg Bandera YouTube Archie Hyun Saito FPA Graf Bob
"fifty bitcoins" Discussed on Progressive Talk 1350 AM

Progressive Talk 1350 AM

08:10 min | 3 years ago

"fifty bitcoins" Discussed on Progressive Talk 1350 AM

"As we continue here. We'll get to the news about Trump and the porn sites here. But I met many is on the line in Canada. Go ahead. Hey, how's it going? Good. What's up? Good. So I had a friend who told me something about bitcoin and bitcoin he's pretty intelligent and stuff. And so he's thinking this. I'm sure other people are and I didn't know who. I mean, you guys are the best people to kind of dissect this where the sale is in his logic. And what's true? What's not Trumpster? This unhappy. What he was saying. But he was saying bitcoin is bound to fail. Ultimately. And his reasoning was that he said that for bitcoin transaction to occur. So like switch moving one bitcoin from one wallet to another or something like that like at transactions bitcoin requires miners mined bitcoin. That's right. And you said and then he said that since bitcoin is finite and there's a finite amount of bitcoin. Once all the bitcoin has been mind, then everything is out with a standstill and bits points can be transferred. Anyway. And it's not true. Everything is frozen. Richard. That's what I mean. I'm sure that have what's wrong with that. Yeah. Okay. So there's two aspects to the mining process as far as the mining how they get paid. So the miners of bitcoin get paid whichever minor it is that finds the block now. I don't want to get into the details of exactly how that works. Because honestly, I'm not an engineer, and I couldn't even begin to explain it. But essentially, that's what the miners are doing. They're competing to to solve a problem. They're trying to solve a cryptographic problem, and you know. In when they're doing this only one of them can solve it in the first one to solve it is the one that gets the what's called the block reward, which is right now twelve and a half bitcoins. It was twenty five bitcoins. And it was fifty bitcoins. When bitcoin I started a decade ago. Fifty bitcoins per block was the block reward. Then after a series of years it went down to twenty five and then it's down to two twelve and a half after another couple of few years. It's going to go down to six point two five and it's going to half after that and half after that. So over time the amount of the block reward gets smaller and smaller and smaller as as time goes on presumably bitcoin will become more valuable as time goes on. So it doesn't really matter that the the rewards going down to the point when bitcoin reaches twenty one million bitcoins that have been mined into existence. I think right now, I don't have the number in front of me. But last time I looked around seventeen million was the number of bitcoin. Get checked out over at coin market cap dot com. They've got the list but seventeen million bitcoins. So there's we're not done yet. Some of the estimates have said it may take until the year twenty one forty base. Basically. So basically another hundred years to actually get all of the twenty one million bitcoins mind, I suspect many, but by twenty one forty bitcoin will no longer be the number one. Crypto currency may be have been surpassed by you know, some kind of quantum bucks or something like that. Who knows what kind of developments in money will happen in the next hundred years considering all of the crazy changes in the bitcoin world in just the last ten so, but all that aside, let's say we get two twenty one forty. Let's say bitcoin is still the number one. Cryptocurrency, nothing has displaced it nothing has defeated it. It's still number one. And so the mining rewards. It finally runs out we hit twenty one million. What happens then? And this was your question. This was the the concern was well, what would be the incentive for the miners after we get that twenty one million and the answer is the bitcoin fees. So every time you pay for whatever it is. You're buying. You're buying something. With bitcoin, you're purse dot com. Every time you send bitcoin somewhere. There is a fee in order to send that bitcoin. It's a fee that you the customer you the buyer pays to send your bitcoin. So that's different than what we're used to with fees and the financial world normally fees something that's assessed. If we're talking about buying thing use a credit card. There's a fee that the merchant has to pay. So the merchant takes that out of the prophets that they receive from you, and you generally don't see on the receipt. What the credit card companies getting out of the sale, but there's that's usually on the fees work there. But with bitcoin cryptocurrency, the fee is different. Because you're the one the buyers paying so if I'm buying if I'm at the local corner shop here in Keene, and I'm buying a newspaper or something like that it might be a dollar for the newspaper, and if I'm paying with dash I might pay a tenth of a penny in dash in order to send that transaction to the to the recipient. So every bitcoin transaction has these fees. And so the, you know. In in a moment. There's however many thousands of bitcoin transaction is going on a presumably if bitcoin does continue to be popular in the year twenty one forty or whenever this thing runs out. There will probably be a lot of bitcoin transactions. Every single second every ten minutes, every whatever. And so that's a lot of fees that would then go to the minor who found the block. So even though there wouldn't be a block reward at that point. They would still that minor would also get the feet. So right now today, the miners get the fees, and they get the block reward once the block rewards run out. They'll still get the fees. So does that answer your question? Awesome. Yeah. Perfect. Thanks so much. You're welcome. Thanks for the call. Appreciate hearing. Isn't this your McAfee? He's predicted bitcoin to be I think five hundred thousand by twenty twenty five hundred thousand checked it. Okay. All right. Any thanks. I hope he's right. Thanks for the call tonight. I appreciate it. And it's gonna make you know, if bitcoin gets up to five hundred thousand or even if it gets up to fifty thousand everybody who got in at nineteen thousand if they held onto it, they'll be happy they held onto it. Now, there was there was that the spike that happened last year in December last year two years ago now just a physical bitcoin that I got for like ten bucks. Ten dollar physical. Today. It's an error coin actually. So it's worth even more than the regular physical. Right. Yes. So that's worth more than a bitcoin because of its collectors last. I saw it's generally held steady at a being about worth about three bitcoin. Wow, not bad. So I don't know if it gets up to astronomical values if that'll get better or worse. You know, the difficult part of having one of these physical coins is selling it. Yeah. Because the more valuable the coin becomes more risky. The sale actually becomes, you know, especially if it's like if it coin is worth five hundred thousand and then the thing is worth one point five million. Right. How do you sell? How do you sell? We will be worth. I mean, it will definitely be worth something like that. Because, you know, especially, you know, it'll become a collector's item for very wealthy people. So I mean, but how do you sell it? I mean, because the average person isn't going to be able to just send you a one point five million dollar wire transfer, right? Of course, the average person wouldn't be your potential buyer. But nonetheless, you don't want to put that on the record, right? You don't wanna have one point five million dollars worth of income or whatever because of that? Yeah. So what I was thinking was if you have one of these physical bitcoins and you to sell it why not just sell it for more bitcoin because then it would be relatively easy. Somebody could just send you if it was worth three bitcoin. They could just send you three bitcoin, right, whatever if the twins were five hundred thousand dollars at that point. That's nothing. It's easy to send bitcoin. You don't have to ask anyone's permission. Whereas if you were to try to take cash for that thing at wet million dollars or a half a million or whatever that gets really complicated. Red flags in the Bank. You never know Bitcoin's up that that high could it crash again, you know, like could so deep maybe you want to get the cash instead of the three bitcoin. I see what you're saying, you know, holding onto three bitcoin, then you're going to have the difficulty of turning bitcoin into cash, then you've got the issue of.

Canada Trump engineer McAfee Richard Cryptocurrency Keene Bank hundred years five hundred thousand dollars five million dollars five million dollar million dollars ten minutes Ten dollar two years
"fifty bitcoins" Discussed on Liberty Talk FM

Liberty Talk FM

08:30 min | 3 years ago

"fifty bitcoins" Discussed on Liberty Talk FM

"As we continue here. We'll get to the news about Trump and the porn sites. Here. I met many is on the line in Canada. Go ahead. Many. Hey, how's it going good? What's on your mind tonight? So I had a friend who told me something about bitcoin. A lot about bitcoin. He's pretty intelligent and stuff. And so he's thinking this. I'm sure other people are and I didn't know who. I mean, you guys are the best people to kind of dissect this where the tail is in his logic. And or what's true, what's not Trump? Should this unhappy what he was saying? But he was saying bitcoin is bound to fail. It's going to ultimately fail. And his reasoning was that he said that for bitcoin transaction to occur. So like, switch even one bitcoin from one wallet to another wallet or something like that like at transactions of bitcoin requires miners to mine bitcoin. That's right. And you said any. But he said, and then he said that since bitcoin is finite and there's a finite amount of bitcoin. One all the big one has been mind, then everything is an hour to standstill and bitcoin can be transferred anymore. Everything is frozen. We are true. So that's what I mean. I'm sure that have but what's wrong with that would. Yeah. Okay. So there's two aspects to the mining process as far as the mining how they get paid. So the miners of bitcoin get paid whichever minor it is that finds the block now. I don't want to get into the details of exactly how that works. Because honestly, I'm not an engineer, and I couldn't even begin to explain it. But this century. That's what the miners are doing. They're competing to solve a problem. They're trying to solve a cryptographic problem and. In when they're doing this only one of them can solve it in the first one to solve it is the one that gets the what they call the block reward, which is right now, twelve and a half Bitcoin's. It was twenty five bitcoins. And it was fifty Bitcoin's. When bitcoin I started a decade ago was fifty bitcoins per block was the block reward. Then after a series of years it went down to twenty five and then it's down to twelve and a half after another couple few years. It's going to go down to six point two five and it's going to half after that and half after that. So over time the amount of the block reward gets smaller and smaller and smaller as as time goes on presumably bitcoin will become more valuable as time goes on. So it doesn't really matter that the the rewards going down onto the point when bitcoin reaches twenty one million bitcoins that have been mined into existence. I think right now. I don't have the number in front of me. But the last time I looked I think it was at around seventeen million was a number of bitcoin can check that over at coin market cap dot com. They've got the list but seventeen million bitcoins. So there's you know, we're not done yet. Some of the estimates have said it may take until like the year twenty one forty basically. So basically another hundred years to actually get all of the twenty one million bitcoins mind, I suspect many, but that by twenty one forty bitcoin will no longer be the number one. Crypto currency may be surpassed by some kind of quantum bucks or something like that. Who knows what kind of developments in money will happen in the next hundred years considering all of the crazy changes in the bitcoin world in just the last ten so, but all that aside, let's say we get two twenty one forty. Let's say bitcoin is still the number one. Crypto currency nothing has displaced it nothing has defeated it still number one. And so the mining rewards finally runs out we hit twenty one million. What happens then? And this was your question. This was the concern was well, what would be the incentive. For the miners after we get to that twenty one million and the answer is the bitcoin fees. So every time you pay for whatever it is. You're buying. You're buying something with bitcoin, you're purse dot com. Every time you send bitcoins somewhere. There is a fee in order to send that bitcoin. It's a fee that you the customer you the buyer pays to send your bitcoin. So it's different than what we're used to with fees and the financial world normally a fee is something that's assessed. If we're talking about buying a thing if you use a credit card, there's a feed that the merchant has to pay. So the merchant takes out of the prophets that they receive from you, and you generally don't see on the receipt. What the credit card company is getting out of the sale, but there's that's usually on the feast work there, but with bitcoin and crypto currency the fee is different because you're the one the buyers paying so if I'm buying if I'm at the local corner shop here in Keene, and I'm buying, you know, the newspaper or something like that it might be a dollar for the newspaper and if I'm paying with dash. I might pay a tenth of a penny in dash in order to send that transaction to the to the recipient. So every bitcoin transaction has these fees. And so the, you know in a moment, there's however many thousands of bitcoin transactions going on a presumably if bitcoin does continue to be popular in the year twenty one forty or whenever this thing runs out. There will probably be a lot of bitcoin transactions. Every single second every ten minutes, every whatever. And so that's a lot of fees that would then go to the minor who found the block. So even though there wouldn't be a block reward at that point. They would still that minor would also get the fee. So right now today, the miners get the fees, and they get the block reward wants the block rewards run out. They'll still get the fees. So does that answer your question? Awesome. Yeah. Perfect. Thanks so much. Sure. You're welcome. Thanks for the call. Appreciate hearing from. Yeah. Mcafee predicted bitcoin to be I think five hundred thousand by twenty twenty five hundred thousand checked it. Okay. All right. Thanks a lot. I hope. He's right. Thanks for the call tonight. Sonetti appreciate it. And it's gonna make you know, if bitcoin gets up to five hundred thousand or even if it gets up to fifty thousand everybody who got in at nineteen thousand if they held onto it, they'll be happy they held onto it. Now, there was there was a spike that happened last year in December no last year two years ago. Now, physical bitcoin that I got for like ten bucks. Ten dollar physical. Today. It's an error coin actually. So it's worth even more than the regular physical. Yes. So that's worth more than a bitcoin because of its collectors last. I saw it's generally held steady at a being about worth about three bitcoin. Wow, not bad. So I don't know if it gets up to astronaut Michael values if that will get better worse. You know, the difficult part of having one of these physical coins is selling it. Yeah. Because the more valuable the coin becomes the more risky. The sale actually becomes, you know, especially if it's like if bitcoin is worth five hundred thousand and then the thing is worth one point five million. Right. How do you sell you sell something? We will be worth. I mean, it will definitely be worth something like that. Because, you know, especially, you know, it'll become a collector's item for very wealthy people. So I mean, but how do you sell it? I mean, because the average person isn't going to be able to just send you a one point five million dollar wire transfer, right? Of course, the average person wouldn't be your potential buyer. But nonetheless, you don't want to put that on the record, right? You don't wanna have one point five million dollars worth of income, whatever because of that. Yeah. So what I was thinking was if you have one of these physical bitcoins. And you want to sell it. Why not just sell it for more bitcoin because then it would be relatively easy? Somebody could just send you if it was worth three bitcoin. They could just send you three bitcoin, right? Whatever the queen's worth five hundred thousand dollars a million dollars at that point. That's nothing. It's easy to send bitcoin. You don't have to ask anyone's permission. Whereas if you would've tried to take cash for that thing at the million dollars or half a million or whatever that gets really complicated red flags the Bank, you never know. Bitcoins up that that high could it crash again, you know, he could so deep maybe you want to get the cash instead of the three bitcoin. I see what you're saying. Yes. You know, holding out of three bitcoin, then you're gonna have the difficulty of turning bitcoin into cash, then you've got the issue of who do you have like sell this thing the other certified auction year, do it or something like that? Because how does the buyer trust that you have the real McCoy that you don't you're not just selling some fake piece of brass or whatever. So it's it's difficult for the buyer. Affordable health insurance was the promise of ObamaCare, but for many the government mandate cause more problems than it.

Trump Canada engineer Mcafee McCoy Keene Michael million dollars hundred years five hundred thousand dollars five million dollars five million dollar ten minutes Ten dollar two years