Hello
everyone this
is adam meister the bitcoin
mine meister the disrupt meister
welcome to the one bitcoin
show today is
august the 31st 2020
strong hand long long-term thinking
bitcoin is the next bitcoin one
bitcoin equals one bitcoin unconfiscated
will be a unique beast
this is your home for bitcoin insider
information personal responsibilities
new counterculture we're gonna talk
about that as you can get your bitcoin
stolen if you don't have personal
responsibility
one day closer to an all-time high i am
still offended by selling but we're
gonna talk about some crypto gamblers
today
if you have questions i have answers
type in bitcoinmeister
or you can do a super chat to get my
attention
hello my elite friends this is my second
show of the day
check out the backup channel i did a
beyond bitcoin show
over there earlier and because on
saturday night i had gabriel divine on
this channel
for well beyond for a beyond bitcoin
bonus show
so watch that it's both shows are linked
to below
and you can watch them at
disroctmeister.com over
1800 of my shows are there now wow
i've been doing this for some time it's
conviction
and let's jump into this this i want to
thank
some people have sent me bitcoin
recently i you know you can contribute
to the show in many ways you can retweet
the show
and i'm going to actually put that in
the chat right now you can retweet it
right there
you can send me cryptocurrency you know
bitcoin is i
i i value my wealth ambiguous i really
enjoy when i get bitcoin but
i mean i don't want you giving up your
precious bitcoin so i really appreciate
the guys who sent
the bitcoin you can do the super chat
which taval dahrez
just did he sent five dollars in
canadian dollars
i see people on twitter saying urine
finance will flip btc because it's more
scarce
dude is it that's the one that's worth
uh twenty thousand dollars or something
like that
uh they they're they're a little
confused uh right right there uh
into a flip there's there's hardly uh
yeah
it's it's it's quite scarce that's
that's great so
someone's gonna pay millions of dollars
for them
or okay it's it's silly that people are
excited
and we're gonna talk about unit bias in
a second this is more so unit confusion
i think
this is the one that's one of these
urine thingamajiggies is worth more than
one bitcoin
okay yes what's that map so people think
that's a big deal
i mean they've there have been coins in
the past there's only been like 32 of
them there was like was there a 32
coin before those ones could have been
worth more than a one bitcoin also
it's this little niche little thing that
they're playing around with in d5
uh it it takes advantage you know you
got to give them credit if they pump the
price up that high
it really gets people excited with to
compare it to bitcoin but that's that's
unit confusion there
uh unit measurement confusion we're
going to talk about unit bias
in a second so uh you can play a lot of
mind games with people
with the price and with how many there
are and how cheap it is or how expensive
is this
bitcoin is the next bitcoin is the thing
you've got to keep in your mind
okay all right so pound that like button
i thank you very much to val
for uh that and and that topic now
um so and thank you for the people who
have sent me bitcoin in every way you
can people contribute to this show i
really appreciate it
it's free though it is free you can just
post it on social media that's
really i appreciate that too so for this
happened yesterday
and i wasn't aware of it until today
1400 bitcoin
stolen so this guy it shows you
that you could be a have a lot of
bitcoin and you can make a very big
mistake
so if you've been in this and this guy's
been in the space for a while
for a while so all you veterans always
good to go back on up best practices
okay review your best practices try to
keep things as simple as possible we're
going to get into a bet at the end of
the show i'm going to talk about
uh a best practice mistake that someone
encountered recently but
this is a really big one the guy says i
had 1400 bitcoin in a wallet
that i had not accessed since 2017 so
okay he's been around
longer than most of you here i foolishly
installed the old
version of the electrum wallet
my coins propagated i attempted to
transfer about one bitcoin
however was unable to proceed a
pop-up displayed stating
i was required to update my security
prior
to being able to transfer funds i
installed the
update quote-unquote update which
immediately triggered the transfer
of my entire balance to a scammer's
address oh
so you can read the github about it you
can read the tweet about it
uh this this issue has been around for a
while if users download a version
of the electrum from a different source
other than electrum.org
and don't check signatures they may
install
a backdoor electrum so that that's what
this guy apparently did
be very careful what you download all
right
be sure you're at the real sight of
something
because once you've got something that's
fake or sort of fake or can put you
in touch uh with a fake server you're in
deep you know what and that that is
unfortunately what happened to this guy
i don't use the electron wallet i don't
play those games
i keep i'm the hardware wallet dudes i i
just
i haven't uh my my bitcoin on on a few
different hardware wallets
he obviously i mean maybe he owns more
than that amount of bitcoin but it
appears to me he had all his bitcoin
in one uh source and he decided
well he he he actually uh
yeah that he he decided to use electrum
and
uh where he got it from where he got his
electric
ball from it is quite questionable be
very question
and then whenever a pop-up appears
make sure it's a real pop-up okay
i mean you get the phishing attack
pop-ups uh
be very careful be very careful with
emails you receive maybe it's a little
bit more complicated maybe he got an
email that installed something on his
computer i'm not a fan of the electro
mod all right
all right this is this is something i
don't like this um
with for me the the tresor and the uh
it's simpler uh the hardware wallets is
a simpler uh
operation and uh i and you know i
i hesitate uh
you know we're talking about updates
here everyone always wants to do to do
the latest update
uh sometimes you gotta be just gonna
don't get too eager when you see a new
update it might be something uh from a
fake source so
be vigilant people let me see
someone said what happened to btcp what
happened to be private
oh dude i think that's old news i mean
what happens to all the uh
the crypto dividends eventually
they had they had a lot of drama because
of uh
there were some personalities uh they
they hyped it up
and they weren't able to uh come through
with what they said they were gonna
be able to do it was it's basically been
almost totally abandoned
there are a few and it's been uh they've
been what they've been re-orgs have been
all sorts of issues
over there i mean what happened to
ethereum classic it gets attacked now
this is the third week
their third time this year or fourth
time this year they just had an attack
these altcoins are not very secure these
all coins don't have as big of a
community
that you may think they have these
altcoins revolve around
egos around specific people
uh and it bt
the the be private one at a time my my
lord that was uh
crypt of dividend insanity then and then
whoop
they they were out of luck because they
they were there at the top of it and
they were there right when it
crashed to all those crypto dividends
make
crypto dividends um hey i i wouldn't
mind if uh
they figure out a way to issue us uh be
private again and they pump it up
who who was it free is free dude free
is free and uh what what's the guy's
name in puerto rico who was
the big personality behind it that
everybody likes to blame and uh
scapegoat uh what's his darn name i
forgot he
he went to yale i don't remember i'm
just drawing a blank on his name but
that that was a uh that that was an
issue he uh
he uh he people really
attacked that uh attacked that crypt of
dividend because of him and
he could have uh he could have been a
bit more responsible himself what's his
darn name buddy
all right but enough you know you just
next there's gonna be more crypto
dividends uh that was a very uh
interesting uh and that brings back the
memories to late uh to early 2008 there
so thank you for that question and
uh btc blast and uk bitcoin master said
he just tweeted out the show
so kavon says is ledger nano s
still safe way to cold
yeah it's still safe uh no i do not
prefer electrum i do i know
i prefer the hardware while it's over
electrum any day of the week
um all right
now let's let's move on but treasure is
the is better than uh
all the uh all the uh
the uh what should we call it's the
ledgers
and you're speaking about ledger's that
that one that looks like a little
computer chip the h1w that one even
still works
it doesn't even look no one will even
know what that is anymore
if you to most bitcoiners if you show
them that ledger h1w
uh they they're probably like what is
that thing what is it does it look like
a hardware wallet i mean it's a teeny
little chip
okay but it does work they they do they
if you know what you're doing sometimes
even something like that can have an
advantage
because nobody knows what it is when
you're carrying it around
the h1w and it's really cheap to get it
doesn't do all the things the other ones
do
what the other hardware wallets do now
so eric voorhee
he's retweeted this he likes this term
it's called
bitcoin centrist everyone needs a label
apparently i
i don't like any of the labels i'm just
a unique beast
you can call me what i you want to call
me ty zane calls me a bitcoin maximalist
i know god
i'm a freaking unique beast here but
eric voorhees likes the term of bitcoin
centrist and apparently vinnie lingham
likes it too
uh the centrist is neither
in the anything goes camp or the maximus
one bitcoin just remains at the center
while the periphery is allowed its place
okay and vinnie says a maximalist
believes that all other coins will
fail a minimalist believes that bitcoin
will fail
a centrist believes that bitcoin will
play an important
part of a healthy and diverse crypto
ecosystem
but it is neither destined for failure
nor singularity now those are actually
two different definitions there
then he's a definition he's very very
very wishy-washy that's like a political
centrist
uh but hey you could be a political
centrist you could be a bitcoin centrist
definitely anything goes um
i i'll say this and this guy here says i
propose
not to declare why label yourself
and then have people skewed perception
of what the label is to them
be what you are and yeah bitcoin centers
can have a lot of different
interpretations there if
there's there's a lot of leeway there's
a lot a lot of different ways of looking
at it i
i get it i get why people want to be
just
they want out of the fray they're like
okay dudes
i i bitcoin is great um but there's
going to be altcoins out there well did
you just say that you don't
you don't need a label for me it is you
know bitcoin
is the next bitcoin it is uh i
definitely the center of the crypto
ecosystem so
there's a bitcoin centrist type of uh
comment right there
pound that like button uh and i'm just
reading it over again
bitcoin just remains the center while
the periphery is allowed in its place
okay that's that's definitely different
than than vinnie's uh
interpretation of bitcoin centrist but
who knows if it's gonna
i'm putting it out there we might it
might catch on those terms
that term and it's also important to
remember that outside of our social
media bitcoin bubble here
that hardly anyone's heard of these
terms anyway bitcoin max unless bitcoin
minimalist
bitcoin centrist and they don't care
i mean does it does it does
do do banks care that are the that are
buying it do institutions care what
what you call do venezuelans care
they're trying to preserve their wealth
what a bitcoin maximalist is what a
bitcoin centrist is
but we we come up with it's a diverse
space where people come up with all
sorts of ideas and
sometimes they get bored and want
something to argue about on social media
what's my label
have no label just be a unique beast
don't donate
don't accept anyone's label be that lone
wolf out there doing your own thing you
don't need to be except
fitting in is overrated you don't need
to
uh be defined and because if you do if
you do try to fit into a certain
category
they might have an inquisition that
comes out for you and say you're you're
not pure enough dude you're not pure
enough
bitcoin inquisition uh remember watch a
thursday show
speaking about venezuela and it was
gabriel was on and friday's show this
week in bitcoin was very good and of
course saturday's show with gabriel
divine was whoa
people really love that stuff that he
talks about and i gotta tell you
something stuff he talks about i let him
talk about it but
you can have a conversation with someone
it's it's still possible in this world
that we live in today
now speaking about this world that we
live in today we live in
a world where sports has gotten so
incredibly uh
political and and i just heard the
orioles beat the uh the blue jays there
taval if you're interested in that uh
but i even i the
the orioles took a day off because of
political stuff and it
sickened me it's like this is supposed
to be our past time a national pastime
and a lot of people are frustrated with
during this era of panic and and
disturbances and unrest
that have been manufactured and
definitely
uh spurred on and blown out of
proportion
and uh by all sorts of uh megaphoning
entities out there people are
people looking for new pastimes and so i
wonder i i pose this question
to the audience out there is it better
to become a uh a traitor of uh
cryptocurrency let that be your thing
instead of gambling on sports instead of
sitting on your couch for three hours at
a time guzzling
beer gambling on sports going to vegas
uh smoking cigarettes gambling on sports
uh it's if you're gonna be gambling and
you're gonna be wasting your time
would it be better to to get yourself
into something that's
not going to get into social justice
that's just pure
and if you're you know to have a fandom
to be to be a fan of a team
that's also going to get political would
it be
i think it's it maybe we're entering
what a past time
we're going to redefine what a past time
is is
is maybe you're you're a fan of this
altcoin and you like to buy it and trade
it and flip it
and you you it's a 24 hour pass time
cryptocurrency stuff it's not like uh
you know the game is over when the game
is over i guess you can be like
the game is constant with this trading
and flipping and all this nonsense out
there it is gambling
but of course you know betting on the
chargers betting on the packers is
gambling
also being obsessed with them is is is
gambling and a waste of your time and
you're not really using your head
with the cryptocurrency stuff you are
learning
you're getting into a new a new realm a
golden age type of activity
so the the question does come i know
people are going to trade bitcoin
and and god forbid traded for for crypt
altcoins and i know people are going to
get into altcoins and
hype them up and for me on a certain
level
yeah that's better than watching the nba
and betting on the nba and being a fan
of the nba
because you could be led to
a successful place by getting
by going through the altcoin door i
don't think uh
i don't think the nba at this time
and this and just being a mindless
zombie sitting on your couch
uh taking in this stuff you're gonna end
up in a good place i think uh
you know i i'm not encouraging people to
trade but i'm saying maybe we're
entering a new realm of pastimes here i
do hope
people get fed up with the current past
times and expand
uh upon what a fast time a past time is
uh will i ever say something positive
about d credit again
no probably not i mean they haven't i
like that how that looks on that shirt
of mine
uh certain certain
i mean why why say anything positive it
i mean i just yeah i said
it looks good on that shirt of mine i
like the shirt that that has decred on
it that i was given
oh all my shirts i'm giving by the way
thank you very much you can buy them all
they're all linked to below
and uh so that's positive i know when i
say something positive
about decred there's there's a click out
there
that really love it but hey here i'll
say something it's better to be a fan of
decred than it is to be
a fan of like the denver nuggets to be
obsessed with the different nuggets okay
i think i think we're
heading in that direction right now
because if you're a fan a fan of decred
you're it's more it's it's likely that
you're going to end up being uh getting
some bitcoin and actually improving your
life as as opposed to you know
being a fan of the uh the new orleans
pelicans there's
something so ridiculous now it's just
it's becoming more and more obvious how
ridiculous
uh spending all this time watching
the tv and no i'm not giving a penny to
major league baseball this year
no of course not um and to any of them
i'm not giving a pen you
and that's the cool thing you can
totally follow them for free
if you wanted just on the internet
and just check out the scores like i do
with with the orioles
now yeah and i just want to make sure i
read everything out
it is a 24-hour sport and yes maybe this
is where
this is where the big boys play in
cryptocurrency it's that
the stuff that's going on the nba that's
not big boy stuff that is oh
it's crying crying instead of buying
so yeah the the the old pastimes it's
crying
the new pastimes it's buying now it's
gambling on all coins
but it's it still is buying so unit bias
it's not going
speaking of all coins all coins are
gonna you know if all coins
uh gambling all coin trading becomes a
pastime in the united states
uh even if it doesn't we're still going
to have
people buying it because of unit bias
unit bias
people are rushing to invest in apple
and tesla
after a stock split the price of shares
for apple and tesla
uh has decreased after the company's
stock split prompting many to take the
opportunity to invest
so okay let's say this uh apple was was
five hundred dollars a share
and you didn't feel it was necessary to
buy until they split
and it was 250 dollars a share i mean
it's it's re it's total unit bias there
dude well now i'm getting i'm getting
two shares from that five hundred
dollars i'm getting
come on man uh it's
you could have gotten this really you
could have gotten 500
worth beforehand it's the same so with
the altcoins
like oh i can get it it's so much
cheaper these all coins are so much
cheaper than bitcoin
and it's it's the same mentality oh it's
apple is so much
cheaper than it was before i i bet i
better get it
it's mind games dude okay you can get a
fr you can get
you can get a fraction of stocks if you
wanted to i
i mean you can get a fr fraction of
a bitcoin easily
value your wealth and satoshis whatever
you need to do uh but most people
don't get that at all okay they they
want to think they're getting a deal
and there's a lot of ways to make it
appear that people are getting a deal
well they're not getting a deal at all
all right
so traditional finance people are so
used to those stock splits
and they're so used to feeling warm and
fuzzy now that it's
cheaper i'm going i'm going to get in
now that it's cheaper
dude it's it's pretty ridiculous
but uh and so yeah all coins will thrive
because that mentality isn't going
anywhere
not thrive but all coins will always
have that leg to stand on
or the people who get confused because
the unit bias the people that 100
litecoin instead of one bitcoin
all right um ciphertrace
claims to have built a monaro tracking
toolset
this is from decrypt.com
cipher trace cl okay the tools were
created for the us department of
homeland security
cipher trace paints it as a positive for
monero
by adding legitimacy to the privacy coin
all right dudes i don't know if this is
true at all
it sounds like a nat i i'm gonna need
some more proof but i want to share that
out there
cyphertrace and there they created it
for the u.s department of homeland
security my
yeah i mean i i understand you got to
make money dudes but you're working for
the government uh
government contractors that who knows if
it is true though who knows if it's true
that wouldn't be too good for monero if
it's it's become uh
trackable by the uh the
department of homeland security i think
there are a lot of people that
well a sliver of people out there that
like monero because it can't be
the trace cipher trace
quite a company you got there but hey
this is where the big boys play
if you want to track people track people
that's the way you make money i we don't
have to do business with you
now it i speaking about business a few a
few weeks ago now
i said for the people in motion that i
knew
an entity that needed a writer okay a
crypto writer
and one person contacted me and i put
him in
in uh in contact with those dudes and it
worked out
that's in motion and that just shows you
how
there's so few people out there who are
willing you
there are so many opportunities out
there people are giving away
opportunities all the time how many
people have actually jump on those
opportunities
and you see i see it all the time i see
it all the time
there's there's so much people are
willing to help in so many ways people
are willing to network people
in so many ways and
the and people don't jump at the
opportunity they stick they stick with
what they're doing they don't want to
take a chance it's ridic this wasn't a
chance that the guy took
he sent me an email he said put me in
touch with the guys i put him in touch
with the guys
and the only reason i know these guys in
the first well
they they heard about me a long time ago
i actually met these guys in person at
an event once
so this is what it being in motion is
all about this is a real life example of
it
you cannot just be a tree sitting there
silent
on your couch complaining or maybe just
being a troll or something like that
you're going to get nowhere you are
definitely getting nowhere get get out
there
network uh don't be afraid to to
engage with people that have lots of
followers
or but if an opportunity is out there
don't think it's above you
i think a lot of people have low
self-esteem and just think oh it's not
for me
uh it's it you have nothing to lose you
have nothing to lose being in motion
seriously so that's that's a real life
example right there
oh yeah this weekend bitcoin we had ed
on and then eddie so andy edstrom
oh man uh uh bit bitcoin benny btc
sessions and juan galt
and yeah i someone recently um i
encountered
a guy who's got a few bitcoin too
we were speaking i'm gonna kind of
change the story around you know to
protect the guy's identity
but he he had dealt with uh someone he
had sent someone bitcoin in the past
like two years ago and he needed to send
that person bitcoin again
and he used the same address from two
years ago never do that
never do that just because you have
someone's old bitcoin address
doesn't mean they still have access to
it when when you're about to send
someone bitcoin when you're
about to send anybody any cryptocurrency
okay ask them
for their address don't rely
never save someone's address okay never
save someone's address
ask for now if they're if they're a uh
a guy like me with a a channel
or with a website and they list
their address okay that that's
you've got to assume at that point uh
that they're you know they're being
honest that that is the address
they want you to send it it makes sense
okay it makes sense see
you you can change your address on uh on
social media whenever you want to okay
but let's say let's say you uh
you sent me a bitcoin you sent me
bitcoin a year ago because
and i had the address listed under my
video and you saved it like oh this is
adam's address
i want to give him a tip again make sure
you check
the latest video because i do change the
address under my videos sometimes okay
so don't go back five years and see like
oh i don't have an address
there uh you know it's it's
clearly this video is five years old it
must be true or
you you saved it five years ago now
you're deciding you're gonna always look
at the most recent thing
always ask a person if you haven't dealt
with them
for a long time okay uh and and
sometimes if you make the mistake and
send it to an old
address you'll get it'll be fine the
person will still have access to it
but the person could easily rearranged
their entire way of storing their their
bitcoin their cryptocurrency so
yes always do not assume it is the same
uh even if you sent someone said hey
send me a bitcoin
uh today
or a week ago you sent him a bitcoin ask
him again a week later if you need to
send them
it again all right it's all
clarification does not hurt how
hurt at all all right it's it's no
problem
it when when you only run into a problem
when you don't uh
when you assume do not assume do not
assume that things are the same they do
change
and i want to clarify something from
yesterday real quick
uh i was talking about
that once a bitcoin hits a
cycle low there had never been a time
when it retreated 50
in price again okay but
we we clearly hit the low for the cycle
it was like 3 100
on where was it it was december of 2018
and from that point everyone thought
well if if it goes you know to 10 000 it
won't go back to 5 000. now
it never went back to the low of the
cycle that is true
but it did be because of that day
march the 12th it bitcoin did something
it had not done before
uh it had retreated uh
got cut in half all right got cut in
more than half
the fiat price uh and that that just
shows you how big
12th day was financially on this planet
but it was just
it was just a blip in the radar it was
it quickly
uh recovered to uh to a point where it
was not
50 down uh from its
high after the low
all right so i i wanted i wanted to put
that in there
uh but no bitcoin did not return to its
it's low for the cycle uh but previously
in other cycles it had not uh it did not
even get got cut in half again
uh after it had uh returned to its low
so
there you go uh things change uh things
can change so we will see uh
if other rules uh stick around
all right i'm adam meister the
bitcoinmeister the disrupt meister i'm
just looking to see
um if we've got have you met uh caitlyn
long in person
says tavala doctors i've not met her in
person but i've i've obviously spoken to
her on the internet face to face when
she's on my show
she seems like a great lady what i do
wonder about her
in person in all seriousness that's an
interesting question she appears to be
very tall
is she tall i i don't know she appears
to be a tall
lady and i i would be curious to know if
she is uh
tall just just something i was
interested in she she appears to be tall
and and athletic so i'm i'm curious
about that so maybe i will meet her in
person but maybe some of you have seen
her in person is she
uh is she over 510 that's that's quite
tall for
for for a woman right there all right uh
you know that's modelesque
type of uh type of tall there i'm adam
meister becoming
disrupt meister pound that like button
bang the bell button thanks a lot dudes
retweet it
appreciate the support new show every
day and please check out the show from
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