Hello
everyone this is
adam meister the bitcoinmeister
the disrupt meister welcome
to the one bitcoin show
today is september the second
2020 strong hand
long-term thinking buying over crying
personal responsibility is a new counter
culture buy and hold that
bitcoin baby one bitcoin equals one
bitcoin do not fomo on alts do not fomo
on d5 we're going to talk about that
today
i am offended by selling hello my elite
friends defiance over compliance
remember that
if you have questions i have answers
type in the
super chat bitcoinmeister or do a super
chat
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attention there actually was a question
before the show we're going to
answer that during the show uh hello
elite friends hello indeed my elite
friends
okay now uh a reminder
tomorrow 9 30 9 15
a.m in the morning baltimore time taizen
will be on the show
it's going to be the ask me anything you
can ask me anything you can ask ty
anything i'll ask ty questions it'll be
just like
last thursday when we had gabriel from
venezuela on so that's
a new feature we're trying out when a
guest comes on we haven't asked me
anything so
bring your quest he will answer anything
uh and he's had quite a life too ties
then so that will be
thursday tomorrow in the morning 9 15 in
the morning uh
baltimore time now friday 2 p.m is this
week in bitcoin this week okay so we got
that set
all of it's linked to below follow me on
twitter at tech ball t-e-c-h-b-a-l-t
i've been tweeting like retweeting like
a madman today
okay adam corolla we share the same
first name
very there's a dude who's not scared
there's a guy who doesn't care about
fitting in pound that like button hey
you don't know what i'm talking about
check out uh my feed okay you should
have been following all day
now uh let's uh it's a sell the news
type of day
if you're if you're one of those fiat
freaks what the heck happened all of a
sudden the price just went down
it'll be back we're one day question
all-time high okay don't get
don't get freaked out you fiat freak but
we're reminded
it's not a bull market without
occasional fun to remove
weak hands and create discounted limited
edition
price for bitcoin so that's linked to
below but what was the fun
what was the flood that was a bit thumb
fod
and you're saying what the heck's big
thumb well you probably were not around
in 2017 were you
bit thumb the largest uh exchange in
south korea
uh south korea fund we haven't had that
for a while either we haven't heard much
from south korea lately
it's all cyclical we're hearing from
south korea again
and we're getting some exchange fund
because that
really back in the day when something
bad would happen to an exchange
people would sell the news like major
and bitcoin would go down
people would say bitcoin is go it was it
was bitcoin that had the problem not the
exchange
so what what happened with this exchange
uh
if it's that time of the year again
exchange fund
police reportedly seized south korea's
largest crypto exchange bit thumb whoa
they seized
the exchange that doesn't sound very
good does it
south koreans authorities have
reportedly seized bit thumb on the
country's biggest cryptocurrency
exchanges by trading volume
and uh yeah what what were they doing
over there
that they got seized by and this is a
modern western country
uh well i mean western in the sense
it's not in the west you know what i
mean it's it's a first world country
i've been there
i actually met with it at an exchange
not that exchange but another exchange
so
uh and they were big into bitcoin back
in 2017 we we haven't talked
but today is one of those down days so
uh if if the police if the government
really seizes and closes down this
exchange
that's not good um and
does that mean bitcoin's dead no of
course not there's nothing to do with me
but the news it's gonna get out there
okay the news is already getting out
there so let's see
uh why big thumb got in trouble they've
had controversies in the pop in the past
but just so you know on the way up on
the way up during a bull market
there are stories like this okay and
that bring up
it's a roller coaster it's a bumpy
freaking ride to that return to the
all-time high one day closer to an
all-time high
it's a bumpy ride this is one of the
bumps in the road so i
i will see how long this story goes on
or maybe it'll be forgotten soon i can't
tell you the future
but i can tell you if you look at that
chart from today it was right around the
time they released the story
some people were selling the news
because all the speculators know that
there's a lot of people that freak out
when a major exchange goes down or the
government
confiscates and takes over in exchange
whatever
whatever happens all right so pound that
like button
positive spin positive spin people now
we're going to talk about d5 because
yeah
tabal dhakra said china fudge soon yeah
if we're having exchange fun we might as
well have a
we might as well go back to a china
remember retweet this dudes read this is
out on tech vault
retweeted i just sent it out to you guys
to uh to retweet it
always great to support the show with
free you can support the show free by
just spreading it over
over social media like the great well
not the great twitter but like twitter
my account's great you can use twitter
for great things
t-e-c-h-b-a-l-t
next story has to do with uh d5 okay
and a lot of this show has to do with d5
today
decentralized bridges that that's a new
term
out there and what a term it is i think
this buzzword
is going to help ethereum quite some
quite a lot
500 million dollars worth of this is
from missouri crypto
a reputable source of information 500
million dollars worth of bitcoin
has been ported over to ethereum in 2020
with only point three percent of all
bitcoin on ethereum
and d5 booming the opportunity for
decentralized
bridges between the two change
chains is hard to ignore
so what what's what's what's the
decentralized bridge when you boil it's
not decentralized first of all
but this buzzword describes
the connection the intertwining
of bitcoin and ethereum and
that's what i'm sure a lot of people in
ethereum want
they want there to be as close a
connection between the two as
possible if you can just go back and
forth between the two
easily and ins and it's decentralized
even though it's not decentralized
well man that means ethereum is just as
good as bitcoin it
it must be better than bitcoin because
it could do so much more than bitcoin
and yet
now we have these decentralized uh
decentralized bridges between the two
so i'm just putting it out there right
now that is going to be a buzzword
that's going to be used
a lot and the people who believe it and
the people who hype it
it's a pretty darn good way to market
the legitimacy of ethereum okay that hey
look at look at it now it can it's the
world computer it can do all this stuff
and there are these decentralized
bridges
between the two that will enable
decentralized finance on
ethereum just you can tokenize your
bitcoin
all this this uh rap bit again rap
bitcoin it's just an iou
why people want to do this it's their
own personal business i am not
recommending it
at all but it's a decentralized bridges
i it from a marketing perspective i like
it
it's a successful marketing term right
there
decentralized bridges you heard it here
first
get used to hearing it more and more and
people
thinking it's more and more of a
positive that people are
trading in their bitcoin for ious that
are on ethereum
that is not a positive for me i'm
offended by selling i'm offended
by turning my bitcoin into uh
into ious and i'm offended by
decentralized bridges people who want to
use the
decentralized bridges but hey this is a
big boys place who
what's the matter what i'm offended by
okay they're going to do what they're
going to do
gamblers are going to do it there and
they are definitely doing it and they
are definitely talking about it
even pump pump who is a huge
bitcoin dude says a lot of great things
about bitcoin
how defy is eating traditional finance
now this gives me an opportunity to say
that
if if this decentralized finance
experiment
even though it's not very decentralized
most of the time um
if you create something that revolution
that brings more people into easy
access to gives more people
easy access to financial instruments
that traditional finance would not i
think it's great if it comes up with new
products new ideas
that could never be um done
in traditional finance i think it's
great
and i there could be aspects of this d5
thing that go
on you know for the rest of the decade
the decade for decades to come
and maybe um you know the whole
traditional finance world will be
upended by it okay
i mean bitcoin is is already doing that
for that for the 20 percenters who've
already founded it
found bitcoin so i i again this is a
golden age so they're welcome to
experiment over there
and build and i i want i want people to
build in the decentralized land
but you in the d5 land which isn't
really defined
but here here's the thing that
so many people are going to call what
they're doing
d5 just so you buy it okay it there are
going to be so many
scams and tricks out there and because
this is a big experiment
they're going to be some people with
great intentions also
building products and they're going to
fail and so
i think there's there's a lot of people
that get really pumped
and you know what could this contribute
to mankind i got to get in early on
every single thing
that deals with d5 there's going to be a
lot of losers in this a lot
and there's no there's no guarantee that
it's going to revolutionize anything but
for me
i hope they they do a great they do a
great job
and you can read pomp's thing it's
linked to below eating
defy is eating traditional finance so
early it's it's already eating
that i mean most people in traditional
finance and don't know about it
it seems like it seems like there's a
lot of good things that that it could do
okay
it seems like it let's let's see what
happens but
i mean we're also gonna have to deal
with the times when some of these
so-called decentralized bridges
end up not being very decentralized and
some centralized figure
takes all of the uh bitcoin that was uh
supposedly going
over the bridge and steals it all
it's out there and it will happen and
you know we're talking about bit thumb
just a warning to everyone you know bit
thumb being confiscated by
being shut down by the uh korean
authorities
is not i can i can imagine worse
uh i i can imagine an american exchange
or some american country company of the
future that's supposedly decentralized
being hacked and that that's worse and
that will be bad
okay that that will uh that will cause
panic because
most of the people i mean people love to
sell the news people love the seven news
and those dudes love to blow it all out
of proportion we're living in an era of
fear
in the mainstream world and it seeps
into our bitcoin world too
and people try to scare you out of your
bitcoin when there's a big news story
people try to blow it out of proportion
so it will happen
there is you will learn what
decentralized really means that this
defy stuff
is not it is centralized and that these
exchanges that are supposedly so safe
there we we're still we still haven't
seen the worst exchange
hack of all time yet we still haven't
we've seen some interesting ones
over the years so just a just a reminder
so
vinnie lingham you're gonna love this
one
every crypt this is a tweet from him
every crypto wallet will need to become
a defy wallet
within 24 months or risk becoming a cold
storage wallet
uh what he's talking about is
all these various online wallets that
are usually associated with some company
or some trading
mechanism or or some exchange
everyone if they want to stay relevant
with the gamblers
okay they're gonna have to make defy
easy on their sites all right he's he's
got a point there he
he's he he's got a point there but uh
i mean it doesn't mean that you should
get into it
uh it's it's it's going to be so it's
going to be big though
it is it's definitely going to be big
and i i definitely
definitely get his point right there
that you're gonna be able with
all the uh so-called benefits of d5
you're going to have to be able to do
through all of these uh
websites and obviously the wallets will
give you the access
so uh someone says by nance and sushi
crash the market not bit thumb i i don't
know
you know it's it's uh i mean you look at
the you look at the time you look at the
time that it happened you know
i i i'll tell you this uh
well panda doesn't agree with what you
said i agree with what well pamela said
i
i link to the uh i link to the reference
below you you
you actually called me a name and uh
that so that that's your
your theory is based on a name mine is
you know linked to a reference an actual
link so
all right so pound that like button now
what do we got here
cass eight said but if you're i mean if
you're free a freak you care about it
i mean it does it doesn't really matter
but people do sell the news and
whatever news you're referring to people
sell that too it's just
that's why you don't you can't worry
about news i mean that's the overarching
lesson that
i teach here is that you just gotta have
a strong hand there's gonna be
flavors of the month flavors of the year
panics of the month
panics of the year it comes and go it's
it's all cyclical
and you know whatever whatever happened
in finance um you know it's happened
plenty of times people uh
go crazy over finance uh what's for
dinner brother
says uh taval dakrez well that's a
beyond bitcoin type of question isn't it
uh just again chicken i have chicken
thighs
i like chicken thighs i cannot love
you get that reference the thigh okay
anyway
uh all right
what do we have here so yeah what else
oh some meat
and an avocado
this this will be mine this will be mine
okay now what do we have
what's the next one the next story is
let me go back to that cass eight
actually had a question and he said
oh well okay we'll we'll go back to d5 a
second surely there must be a way to
make bitcoin holders benefit from d5
mania
and i said yes when some random dude
comes up with
bitcoin defy a crypto dividend of a
bitcoin
then yeah we'll benefit because i have
no doubt that someone will come up with
some fork of
a bitcoin or an airdrop and just
capitalize
on that d5 buzzword and people oh this
is this is a great one
better get this one because it says defy
in the name and we'll benefit because we
won't have to
we will be giving it free uh so that
that's how we uh that's how we benefit
the bitcoin holders benefit
from uh d5 by some somebody out there
and
i don't care if they do it anyone's
welcome to create any
ridiculous coin that they want to create
when someone comes up with a d5 bitcoin
and gives it
all to all of us for free that that and
we turn into bitcoin
then then we will definitely benefit so
here's a
funny defy uh related uh tweet
i keep seeing the same stupid d5 that
published on twitter so i made some
edits to it to help provide
clarity and i think a lot of you've seen
it it's a pretty complicated uh
colorful map with all of these companies
that suppose
and entities that supposedly have
something to do with d5
and it gives them nice fancy labels well
it's linked to below
it's from who is this guy free lyish
you got it it's hilarious because it
renames all the categories
that all the d5 companies are in and
it's it's it's quite entertaining
and it's a it's kind of an honest take
on some of the uh
some of the uh aspects of d5
andy hoffman and i were having a dm
earlier and i liked something
he told me the new normal is a world
where rationality no longer holds water
yes for 80 percenters the uh the world
the
rationality no longer holds water
there's a lack of rationality
and i've said it before most people are
irrational most of the time
but it's it's becoming a lot more
obvious uh lately
but the funny thing is though in bitcoin
here in bitcoin in the bitcoin overlay
if you choose to be in the bitcoin
overlay then you are in a land of
rationality
you take yourself away from that crazy
80 percenter world
so it's just something i and there is no
new normal in bitcoin
there's no new normal bitcoin has always
been what it's always been
21 million of them on the way baby and
uh it's mathematics no emotion no social
justice
uh it is what it is but uh good i
i like that a world where rationality no
longer holds water
that's what the uh that's that's the 80
percenter world we're up here in the in
the overlay baby
and another something speaking of
twitter there is a feed called
econ ecoin metrics
now i could have made this the title of
my uh the title of the
show what e coin equine metrics tweeted
out okay
they they made a large uh 41 000
uh prediction for the end of the year
okay
i could have put in my you know i could
have put a picture of some girl in a
bikini
saying bitcoin is going to hit 41 000 a
year
but i don't appeal to the 80 percenters
okay i don't do that
but i i did not know about the e coin
metrics
before this and the dude's got an
interesting feed
so if you like bullish bullish takes
fancy charts i mean he gives a reason he
gives some logic behind why he thinks
it's going to be
41 freaking thousand dollars on december
31st
i'm not saying that but uh you can
you can follow him i link to him below
now
yesterday i i spoke about you know
someone being in emote by the way
are there any other questions out there
i don't oh i know just what's for dinner
jeffrey gotz made a uh he put an avocado
out there
oh for d5 to succeed we need
c5 to accept it
it's a good point
it's it's a new look at d5
as an evolution of c5
okay it it because i mean that's what we
have now is since
centralized finance and d5 really is
just a more technologically
advanced centralized finance so we're
going to have to have those people
in the centralized finance world say
this is cooler than what we're doing
or this helps us more so i think that is
a good observation there for d5 to
succeed
we need a c5 to accept it are a lot of
not all of c5 but
large entities within the ca c5 uh
space to uh say
we're modernizing and we're getting into
this new game
and i think i think a lot of people i
mean
from everything that i've shared today
uh and from the
theater what the ethereum price has done
over the last few months
we're just getting started with
mainstream normie c5
interest into uh into defy
and again my positive take is that
they're going to come up with some
interesting things
and also that it will lead people into
bitcoin
it's going to lead people into bitcoin
now what else do we have
oh the the last thing bitcoin btc
chris kris i spoke about uh
him being in motion and writing this
article why bitcoin by now
but i could not quote it yesterday
because i lost the quote here's the
quote i wanted to share it's about gold
and i think it's
right on right on target here while old
timers
will rattle on about a return to a gold
standard
most do not know that gold supplies have
not been audited in half a century
nor do they know how much sovereign gold
has been corrupted by inserting
atomically similar tungsten rods into
the center of gold bars
nor do they talk about how a return to
the gold standard would certainly mean
trusting a custodian to hold the gold
the modern
internet economy is not designed for
transacting with gold coins
gold is poorly suited for buying
something these days
the thought of mailing a gold coin
across the country
or across international borders is
asinine
in our modern age and everything that he
did all the negatives that he just
pointed out about gold
uh they they can't happen there's no
inserting tungsten in the bitcoin okay
there's no lack of
accountability you know how how much
bitcoin there is every freaking second
of the day there's there's no question
if oh maybe this bitcoin's fake no
that that's that's not that's not at all
that's not that that's how we've
uh evolved from gold 1.0 to gold 2.0
which is
which is bitcoin but uh and you can
obviously we already know it's easy to
send bitcoin
you don't have to mail it in the mail uh
and
it's it's pretty easy for uh to buy
something
with bitcoin these days all right so
that that that's a great observation
there
hey gold gold still holds value
all right it's clear gold still has
value it has positive aspects to it
but this is just we're just in a whole
new realm here
okay we're in the five digit bitcoin
realm but we're just in a new a new way
of thinking
you know peter peter schiff's kid is
growing and he's not growing up with
gold
he's growing up with uh he's and kids
his age are growing up they want to play
with digital
stuff they don't need to have it in
their hands
and more and more people are that way
okay that is
it long-term thinking says crypto native
i i agree
uh
and todd says todd wants to give me
credit for saying something positive
about decred
last week okay that's that's fine that's
fine dude
i said the word decred again the decred
people always like
when i when i say the uh the word a
decree i remember
when everyone was talking about
governance that was the big uh
that was a big buzzword in 2017 so
decred was uh
was a big flavor of the month uh back in
2017. thanks for the consistent content
says dj
and thank you guys for the comments by
the way i todd and
everyone that said some funny stuff it's
good super inspiring uh crypt of
dividend been
uh been subscribed for a couple years
now thanks well thank you djc
fair and i will leave it uh thanks for
the consistent content
dude i it's conviction everyone you can
develop your own system
be consistent have conviction people
really do appreciate it
people we are living in such a society
now where flakes are so common
dude you just got to have you just got
to be conscientious conscientious
and not be a flake and dude you're on
the path to success kind of like
i'm adam disrupt meister subscribe to
the channel
we'll be back real soon 9 15 in the
morning tie zen
oh yeah you can't i can have tizen on my
show
and no i does the bitcoin inquisition
has no power over me
i am a unique beast so are you see you
guys tomorrow at 9 15 in the morning
baltimore time thanks a lot i'll say hi
in the chat bye
