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Zcash is not even the next Dash, Bitcoin & MMT, Bcash double spend, Coinbase 80%er diversification

October 19, 2019


Hello everyone this is adam meister the
bitcoinmeister the disrupt meister
welcome to the one bitcoin show today is
September the 22nd 2019 strong hand be
any peace value or wealth and bitcoin
one bitcoin equals one bitcoin bitcoin
is the next bitcoin offended by selling
hello my elite friends check out fridays
this week in bitcoin show disrupt
meister calm jeff ran drew was on guy
swan he was in the house who was the
third guy that was in the house I don’t
remember he was so freaking awesome that
Christian was in the house of course and
thank you upset classified for the one
dollar doing it nation I think it was a
great donation whatever it was that was
important to you to know you’re a fan
but yeah you can watch the be on Bitcoin
show was yesterday Saturday all at
distraught my strike on follow me on
Twitter te CH be alt text ok let’s start
it up on a positive note there oh I
forgot to save five-digit realm palnet
like one okay
10-year and that and five digit realm
I’m saying this because of this Alistair
Milne tweet that should put a big smile
on your faces ten years from now son dad
son says dad do you remember when
Bitcoin broke above ten thousand dollars
and the father says which of the eighty
nine times do you mean
yeah it’s funny because I remember god
2017 when we first got over $10,000
people were having $10,000 celebrations
on the YouTube on their channels I think
Thomas had one on the world crypto
Network and now we have it’s like it’s
broken 10,000 so suddenly different ties
and keeps going four-digit five digit
realm
so yeah it you know it’ll keep doing the
people one day it’ll be totally
five-digit realm we’ve we’re getting
used to it now these last the thing and
Alistair is actually pointed out before
we’ve been above $9,000 for all you feel
freaks out there for what like 90 days
or something like that everyone loses
perspective everyone loses perspective
there’s so many we cancel over Ted we
can’t maintain five digits but like I
mean imagine the beginning of this year
I mean when I was in Israel again this
is my second trip in Israel about to go
back to Baltimore but my first trip in
is rose during the winter this year and
it was $3,000 and everyone thought it
was the end of the world and and now
it’s been $9,000 for months and people
are panicked put it in perspective
people
I remember the three-digit realm check
out the archives and you can see how
things used to be and how it pays off
big time to have a freaking strong hand
and never sell that Bitcoin you just
collect those crypto dividends and you
turn them in a more Bitcoin yes that’s
insider information most people don’t
know hey you hold your Bitcoin properly
on your treasurer your ledger
your your hardware or whatever and you
get these Forks and the air drops those
are the crypto dividends you get
interest in your Bitcoin you don’t have
to lend your Bitcoin out oh god forbid
you lend your precious Bitcoin out to
some Bitcoin back and they might pay you
or they might steal all your Bitcoin you
get the interest from the dividend
process and of course the minimal
Wingull coin one is the one we all
signed up for recently and that’s coming
out on December 11th but we’ve got we’ll
talk about that later okay so speaking
about later this week we’ve got a fun
event coming up on Tuesday people are
you guys ready for the US House
Financial Services Committee plans to
question the Securities and Exchange
Commission about crypto currencies and
Facebook Slee breh project about crypto
currencies and Facebook’s Libre project
next week among a host of other topics
okay guys that’s Tuesday so get ready
for the fun and get ready for a volatile
nice all the speculators saying let’s
sell a lot now to make all these we can
sell more so we can get back we can get
it we can get it a cheap price and then
flip it for more once the hearing ends
hahaha hat where we seen this before no
we’ve seen it at every single hearing
but people just don’t learn and they
still have weak hands this don’t worry
about what the government has to okay
it’s the fridge this is where the big
boys play if you still get trapped that
way that’s your business
first responsibilities new
counterculture I’m just I’m just telling
you the way it is it keeps happening
over and over and over again so another
fun to be aware of I’m sure you guys
heard the news that Google might have
gotten into quantum computing sort of so
that means the ambiguity behind the
quantum stories emanating from Google
people are all of them if they can hack
Bitcoin out do this Bitcoin be ready
people for the fun you know we’re always
gonna have to quantum find it II there’s
no proof than anything remotely close to
what is being speculated is even
happening so we shall see we will see
what happens I want to I’m not worried
about it but it’s in the news you know
how the news is
they’ve got to sensationalize everything
and soon you’ll be so Oh Google they’ll
be articles about Google can hack
Bitcoin soon maybe sort of in you know
that’s the body of the article have all
the qualifiers in there okay we’ve got a
tweet from OD here who I saw tonight at
the bitcoin embassy and yeah it’s really
late at night in Tel Aviv because it’s
even late at night back on the East
Coast but that’s conviction for you a
new show here every single day baby
alright except this second day of Rosh
Hashanah which is actually gonna come up
soon and we’ll explain that later
although I might be able to get a show
off my pre-tape a show to put won’t
worry about it when that comes up that’s
Russia shot it’s coming up though in a
week baby
all right so are you guys prepared you
got your apples and honey now who knew
dad will be having a great rush Hashanah
next Sunday night he says and this is a
lesson from Z cash he reminds us of an
article that said chemist man build a
better Bitcoin and it showed the Z cash
to you this was a couple years ago and
he says well it he says well it turns
out he couldn’t even build a better – so
that’s for all you uh
people who believe that and this will
happen again with the newbies come
flying back into cryptocurrency that
their coin is the next Bitcoin well that
was a straight-up headline saying you
know Z cash isn’t is a better Bitcoin
they couldn’t even build a better –
which Judy explains in this tweet but
bitcoin is the next Bitcoin that’s what
that saying means of mine okay
there have been straight-up articles
like the one booty retweets or the
picture of the article they yzi can this
man build a better Bitcoin and everyone
gets excited oh gee cash genius will be
able to build a better and then we look
at it a few years later they couldn’t
even build a better – – is better than
sea cash repair all right you can get an
argument you all corners which one’s
better I know where I’ve been the entire
time that is with Bitcoin pound that
like button follow me on steam it and
bitcoinmeister haven’t said that for a
while uh okay let’s talk about
diversification for the sake of
diversification a company that just
specializes in that diversification for
the sake of diversification can anyone
guess the name of the company that in
the cryptocurrency space that
specializes in that that really likes
that kind of thing now that that is
banking on so many newbies
coming into the space and just you know
creating a portfolio on their site so
it’s coinbase of course and here is a
and they can do this I have no problem
with we need to put the business
everybody freaks out on coinbase as in
their suggests they’re going to add
another
coin this is where the big boys play if
people don’t realize what the kind of
nonsense that coinbase is listing on
their and they want to diversify for the
sake of diversity they haven’t gotten it
yet that these are just pump pump tools
for VC’s some of them some of our RBC
coins here coinbase this is a tweet from
law master says coin basics is exploring
listing all of these assets and it lists
a bunch of whack coins okay I mean like
we’re talking like third tier and fourth
tier type codes the vast majority of
them are VC chains that will very likely
crashing down you immediately after
being listed some B C’s already wrote
off these investments coin base is
basically considering facilitating a
retail dump yes yes they are I mean yes
they’re trying to they’re allowing these
people to dump on retail so that that’s
that’s what coin base does that’s that’s
a business model will that be successful
in the long run that’s there but I’m not
a coin based investor I don’t give a
darn
so I mean everyone gets worked up about
it I won’t get too worked out about it
you just tell newbies don’t diversify
for the sake of time versus get Bitcoin
I mean that that’s the bottom line here
I mean if you don’t say just get Bitcoin
then people right well I’ll get other
things and it just leads them down the
rabbit hole and and coin basis this is a
very easy place where you get everything
or not everything but you get you get
the point here so yeah I don’t just if
you if you wanna get Bitcoin get into
coinbase sure but don’t don’t divers
friend rooms take up diversification
they make it really easy but that’s
their business model let’s see if it
succeeds all right that’s their business
I mean I wouldn’t mind if it succeeded
I mean it’s so what if 84 senators
they’re gonna do what they’re gonna do
it’s not hurting me it actually might
help me because coinbase might be able
to go public one day and that would be
good for the space or coinbase might
sell us off to a larger corporation and
that’ll be good news for the space so if
80% is one of fun coin basis a success
great do it it’s your business I mean
get your fourth-tier altcoin john
mattone is an old an old article of his
I’ve got listed below link to below and
there’s a couple of reasons I have it
listed what is it he was this is from
2013 and he was going against Carl
denature who was saying basically
bitcoin was going to zero and and champa
tonus was right Carl temperature was
very wrong in this old-school article
but I’m also mentioning it because and
I’m just making sure because I rephrase
what mattone is says here about mod or
money monetary theory related stuff and
it’s the 80 perc it’s my basis for why
80% money mmt can work and bitcoin can
work and when we say can work we’re
already living in it and I talked about
this on Saturday show the way the United
States dollar is printed since 1971 it
is already mocked modern monetary theory
they just keep printing and printing and
printing and the 80 percenters keep
buying it and inflation sometimes
doesn’t show up it shows up in certain
corners of the especially in like 80
percent of land I mean a wedding cost a
lot more than it used to
I mean does that really bother me no our
spectacular wedding cost a lot more than
it used to air everyone buy spectacular
weddings now I mean it’s the printing of
the United States dollar constantly
Soviet you can point to places where
it’s inflated certain parts of the
economy but they’re not like necessary
parts of the economy at all I knew 80
percenters are gonna do what they’re
gonna do but I moved back to the main
premise here and let me paraphrase here
all money is a universal mass illusion a
market-based illusion can be just as
valid or more valid than a state control
illusion monetary illusions themselves
are a competitive marketplace it is
false that only the state is in a
special position to confer legitimacy in
monetary matters okay so a lot of people
out there and clean car Karl damager
said that the non state money is
illegitimate that only states can make
money that only states the nation states
can print money and it’s that’s not true
I agree with Java tonus then anyone can
print their own money
bitcoin is its own money and it’s a
marketplace it’s a let the people pick
and you money is a universal messily
Jenai I believe that also and that the
dollar wins the 80 percenter marketplace
and Bitcoin wins so 20% our marketplace
and they win for completely different
reasons of course I mean the dollar is
just it represents the strength of the
unite of the United States the culture
of the United States the ease of the
dollar the power of the United States
that people are stuck in it basically
the the Bitcoin it actually does
something it gets you around the USA /
state rules and regulations so they but
hey both can exist there’s I have no
problem with the United States up
printing the dollar and just wildly and
I don’t I don’t think it really doesn’t
hurt me everyone has to understand
there’s a separation of spending and
saving don’t save in the US dollar there
that’s not what it’s for
it’s for suspending the government has
made this very clear that they that that
currency it’s first Bitcoin it’s for
savings it’s a real asset okay so yeah
modern monetary theory works in this
time of a tech and abundance you don’t
have to be part of it mmm tea is for the
target slash government job working man
is Bitcoin is for the elite the
government has no balance it creates
money when it spends
that’s what mmm tea says as taxes are
deleted never spent so our federal taxes
fund nothing this is okay so that’s mm
tea you can believe it you can care
about you can ignore it I I say they’re
they’ve been pulling it off since 1971
there definitely has it’s definitely
been an mm tea type of system I have
explored it quite a bit lately and I
think bitcoiners should say yeah let let
if if they want to promote mm tea with
the United States dollar
just keep why not big Bitcoin in mm –
yeah and the US dollar can get along
just fine
does it doesn’t hurt Bitcoin at all
people how was their hyperinflation no
people are gonna lose faith in the
dollar and if they did then it’d be
great great for a big coin anyway I
sorry I’ve linked to uh some mmt stuff
below – if you really care about that
what Saturday’s show I talked a little
bit more about it but the reality is
that mmt just describes a system that
most countries in the world live under
and have lived under since 1971 so don’t
freak out too much about mmt modern
monetary theory it’s just what is now
the the one thing that you were here
Amity a lot about is these at the green
New Deal type of stuff they’re like well
we just print the money and pay for it
okay
just print the money and pay for aspects
of it and but then if they say if
inflation starts then we have to start
taxing everyone now that part I don’t
that part um
I’m not down with that part of it if
inflation starts and stopped renting the
freakin money alright because there are
a lot of people that are saying that so
far we’ve been printing the money and
there really hasn’t been inflation I say
there has been inflation in non
necessities do you need uh do you need a
mega mansion or a McMansion do you
really need a McMansion you see just in
the United States
if such a high-level level of a high
standard of living that people think
they need a lot of things and but they
don’t really need these you don’t need
to go out to eat all the time and these
are the things where the prices have
gone up in some of these it can’t be
denied but with the government
statistics for inflation it doesn’t look
like there’s exactly good inflation if
you play your cards right if you’re 20
percent IRR you can still buy things
that you mean and it’s not costing me a
lot more money okay just because United
States is printing a bunch of dollars
the system is working really well
people are getting richer businesses are
starting with the money printing that’s
been going on so I if these we’re gonna
have to get used to the fact that by
2024 there’s gonna be a lot of socialist
stuff flying around the United States of
America and they’re gonna they’re gonna
say either we’re they’re gonna want to
tax people and that is feeling taxation
is definitely theft now some of you are
saying well printing money is a is theft
also well it you have to understand what
the US dollar is it is not a savings
mechanism you shouldn’t be saving in any
way it’s been clear since 1971 so I
think that printing money for certain
projects government projects yeah it’s
going to cause distortions it’s gonna
cause distortions it isn’t right but
it’s basically picking winners
it isn’t picking losers though when
you’re doing when you when you set when
you set up new taxes that is picking
losers and that’s I’m not down with that
but again I mean big you you can just
look at all this from an outsider
perspective if you value your wealth in
Bitcoin you don’t have to get emotional
and in craze about the dollar being
printed and printed to fund health care
or to fund reparations or to fund the
green new deal because you’re not your
your I mean you might get some of those
dollars and what you should do is get
into you don’t get it you don’t spend it
on a massive wedding or a massive house
or
going out to eat I’ll never know you get
big but most people are gonna spend it
way back and they’re gonna spend it back
into the economy and build up these 80
percenter industries all right let him
do that okay move moving this so that’s
my take on mmt for now it was Saturday’s
show I talk more about it I just let him
print the dollar let him for thought
let’s see what the how they experiment
it keeps on going I really think people
believe in it’s so darn much they will
they are stuck in it and they will it
won’t be inflated very very much it
won’t hurt you and I because we we don’t
value our wealth in dollars we have real
assets I mean this is this is the world
of 20 percenters and 80 percenters they
should know better not to worship the
dollar not to keep spending spending
spending there’s a separation of
spending and saving dollars about the
spending bitcoin is about the saving you
choose your path all right double spend
cash is a and pound that light one is a
site that shows the double spend attack
attempts on B cash and I found that
about this site because there’s been a
successful double spend attempt on B
cash vortex retweeted this I’ve got it
linked to below and and someone someone
replied well at least we learned double
spends are not the immediate end of the
currency which we fear okay that’s a
good point there is a small silver
lining there maybe the person says I
think the other silver lining here is
that because she’s not Bitcoin they
could have free things like double
spends happy it doesn’t happen on big
coin okay said there’s a takeaway from
that I haven’t heard anything else about
this double spend think maybe people
just don’t care about be cash at all
maybe there’s just stuff that many users
would be cash that’s clearly true I mean
if this has something comparable to this
happened on aetherium you would hear a
lot about it because there are a lot of
aetherium users and people are really
bitcoins kind of blow salt certain
bitcoins blow the aromatic proportion
let them do what they’re gonna do over
there some people through it feel
threatened by fear and there’s no doubt
about it they shouldn’t they don’t fit
clearly they do not feel threatened by P
cash was this story isn’t going anywhere
but there is a site dedicated to to
check-in these things out double spend
dot cash check it out link to below and
that’s it I think that is the end of the
show late at night here i’m adam meister
the bitcoinmeister this rotmeister
remember to subscribe this channel like
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squares that you see and a this is a Tel
Aviv blockchain week shirt that people
people like this shirt a lot there’s
there’s the be I will see you guys later
bye

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