Hello
everyone this is adam meister
the bitcoinmeister the disrupt meister
welcome to the one bitcoin show
today is september the 1st it's the
first of the month
2020 strong hand buying over crying
personal responsibilities new
counterculture buy and hold this game is
not rigged
one day closer to an all-time high five
digit realm
i am offended by selling hello my elite
friends
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okay this is a uh this story came out
the other day
uh about the norwegian state-owned oil
company
that's going to be mining bitcoin okay
probably publicly traded and i think
it's a big story
i haven't heard that many people mention
it and that's a rumor publicly traded
petroleum multinational equinoir is
moving to significantly reduce
natural gas flaring by mining
cryptocurrency according to screenshots
from ecuador's
intranet received by arcane research on
friday
okay so i'm going to link to that a
coindesk article below it's one of the
few times cointest has a good article
uh so
this just reminds me what steve barber
is doing in in canada
i've talked about this before using
natural gas uh
extra natural gas to mine bitcoin it's
great
uh and if this huge oil company
this if they're the what they're the
11th largest oil and gas firm globally
and they're run by they're state-owned
if such a big one is the the other big
boys are going to do it too
so hey oh i i mentioned it before that
oil companies will be mining uh bitcoin
with their uh gas access there uh and
now we're one step closer to a really
big one doing it
but the other twist to this story if
this rumor is true
then a norwegian state-owned company
will be mining bitcoin that means norway
will be on the cutting edge of
nation state bitcoin acquisition because
if the if the country of norway owns the
company then they get the proceeds of
the company
and if they if they really do it on a
large scale
and this all happens i mean there's a
lot of ifs here but yeah this could be a
way for norway to uh
to put some bitcoin into their treasury
there
all right well we shall see but i i mean
it's a two-part part story that norway
will be
if this happens norway the country of
norway will be mining bitcoin that's
what what it really is
and at the same time the other oil
companies of the world
that aren't state-owned and some are uh
they're gonna have to look into this too
so
you know right now we think about
bitcoin mining coming out of china
uh but it's it's gonna look different in
this uh in this golden age we're gonna
have all sorts of
companies that we can't even predict
that are gonna get into the bitcoin
mining business
hey i prefer just to buy it dudes but
then they're gonna do what they're gonna
do they got excess gas
oh excess gas pound that like button now
uh
hey the 10 000 uh the five digit round
streak continues
bitcoin has uh it's it hasn't been below
uh 10k for quite some time
the the record is like 60 some days it's
it's getting up there
we'll tell you when it gets to the rec
record remember to watch uh the shows
that the recent shows there was a beyond
bitcoin show that's at disrupt
meister.com i did
and a gabriel divine bitcoin beyond
bitcoin show
and gabriel for venezuela and then we
had uh andy
edstrom and and the btc sessions and
juan gault we're on this week in bitcoin
it is all linked to below you gotta
you gotta check it out you you really do
have to check it out
and uh you'll learn a lot from those
dudes best
guest in the freaking space people
that's what i bring you here
john stramos is greeting for malibu adam
and friends well oh how it how is lovely
malibu right now i'm sure it's lovely
it's lovely out there on the west coast
i'm here in the mountains of north
carolina asheville north carolina
ah all right
now what do we have here oh yeah so
ethereum is pumping more than bitcoin uh
today
oh yeah i it's like i didn't even
mention it it's so
normal to me i get you know bitcoin was
it got back into the 12 000. so what so
what
another day closer to an all-time high
now the monthly closed for august third
for
for august it was either the second or
the third largest one it was is very
close
to second but it was not the first it
was not the it was that
so we're we're one we're one month
closer to the
uh the the bitcoin quote monthly closing
price
uh to be a monthly closing all-time high
and i believe that should happen like on
december 31st
we'll see we'll see if the i think
that's what the 210 000
block theory uh uh predicts if you
believe the 210 000 blackberry
predicts uh monthly uh monthly close
records that hasn't really been proven
yet but it's it's a good uh
it's a good blueprint to use you know
it's a good if you need to predict
things like that
if you must have a prediction when what
month
will bitcoin break its all-time monthly
closing
all-time high i believe
yeah i believe it would be a december
third december 31st uh
and uh at the same time we're here on
september 1st
and this is the equivalent of november
1st basically
of 2016 and it was at this point i was i
was in south africa
and really bitcoin never looked back it
it got it
it didn't i don't think it ever went
back to the 600s again it got into the
700s
and for the next uh the next few months
it uh it climbed uh gloriously so
hey maybe uh maybe we're there right now
wait it was nova yeah
well for the next two months it climbed
gloriously
until it hit a thousand dollars so are
we into a glory and then after that you
know it was uh
the wildness really started so it is
november september 1st of noon november
first pound that like button
now if he so yeah ethereum is almost
four percent of them is four percent of
a bitcoin it's four percent of it it's
the all
it's um it's the yearly high for you
fiat well for your
if you value your ethereum and bitcoin
or you value your theorem in dollars
it's it's a high for 2020 for ethereum
people are piling into the
d5 stuff and people are speculating on
ethereum
that they'll be able to point pull off a
2.0 we've talked about this before
and you don't have to be an ethereum
hater you i'm just putting it out there
people it will i've said this for quite
some time now
ethereum is the next ethereum and it its
price will go higher it it will
continue this run up will continue
what's it matter to you if you're a
bitcoin holder it shouldn't matter at
all
you should be happy with bitcoin it's
just like the people
the income inequality people they're
jealous of bill gates they're jealous of
the one percent they should just be
happy they're doing well on their own
now of course aetherium is not better
than bitcoin but i'm saying
you should be happy that your coin that
your wealth is increasing don't worry
about what the other ones are doing
don't worry what the other ones are
doing
you should be confident that bitcoin is
the next bitcoin so why worry about
ethereum
but want to put it out there just so you
uh it's it's in the news and you're
gonna
don't get tempted into getting into d5
arguments
okay now uh le and ethereum
arguments it's a waste of your time it's
drama it's it's uh
it's crypto noise now you should be
great aleister milne
says to the few ethereum and d5
followers i have
you should spend a moment thinking about
what fees will be like
when an inevitable crash and cascade
happens
it will make today's fees look like a
bargain now he makes a very
this is a very interesting point here
are you prepared do you know
how you will cash out so i i believe
a lot of this d5 stuff is just a bunch
of musical chairs it's ridiculous who's
going to get stuck
with the the yam and
if there is a a wind down of d5 a
sudden and i don't expect it to happen
until 2021
but you should have a plan because if
everyone starts to try to sell their d5
stuff that's on ethereum all at once to
get out
yeah the fees on ethereum are going to
rock it to the moon man
so you should be prepared i mean it
might be
unimaginably high fees where you're
really you should have an exit strategy
you gamblers
does a gambler ever have an exit
strategy does the gambler ever have an
exit strategy no they don't
so uh but that is that is an interesting
scenario there
if there is a sudden unwinding of d5
that we we could see some tremendous uh
ethereum
fees and uh and that could scare people
like oh
well i don't want to pay that fee so i'm
just i'm i'm going to be a bag holder
and i think it's going to go up
you got to have a plan you got to have a
plan you you d5 freaks out there
and i don't encourage anyone to be a
gambler or a d5 freak of course of
course not this is the one bitcoin show
and i'm the bitcoinmeister for god's
sakes
and bitcoin is the next bitcoin now how
many bitcoin
each central bank needs to own the same
percent
mind supply share at its current
okay here this is the basic thing here
uh the great tour de meester
has a chart out there and it shows
if every country claims it owns a
certain amount of gold okay and
they the united states basically owns a
five percent of all the gold that's out
there
and if they own five percent of all the
bitcoin that's out there
they would have to have 967 000 bitcoin
okay
so it's the equivalent of countries
if countries uh owned uh the same
percent of the
world supply of gold that they uh in
bitcoin
how much uh how many bitcoin they would
have to oh and we this chart has been
now been updated i i
i tweeted this or i talked about this a
long time ago
but 967 000 is what the the united
states would have to hold
to be the equivalent of what they are in
the gold world
and it's kind of funny because 967 000
bitcoin that's basically what coinbase
owns
so coinbase is uh the united states of
of a bitcoin into in terms of if you
would
if you want to look at it that way and
the winklevi are the uh
the are the swiss of of bitcoin
they they own the same percent of
bitcoin that the the swiss uh government
owns of gold so it's an interesting
little chart
now oh we've got a super chat over there
remember people retweet this
uh johnny and mice and two dollars and
it's great to see you here johnny and
why
it's great to see this dude here he 2021
december i'm going to cash out some
bitcoin well that's not good to hear
but hey you have a plan you do what you
do what you do
um and and if the if the
210 000 block theory is true uh the
bitcoin price in october
of 2021 will be over uh
the over 19 600 so uh in
december of 2021 one would assume it
would uh uh
also uh well in in december of 2021 one
would assume
it's uh it would be worth more than it
was worth
in uh february of 2018
which was okay so but hey dude i'm glad
you're here man
um it's a it's a pleasure to see you and
let us
i'm just seeing if there's oh tavala
said twenty thousand bitcoin doesn't
even seem like a lot now
don't think the normies do you mean
twenty thousand dollar bitcoin don't
think the normies will be paying
attention until okay you met twenty
thousand
okay twenty thousand dollar bitcoin
doesn't even seem like a lot now
don't think the normies will be paying
attention until
like 50 or uh 70 000. yeah i mean that's
the way they are they're uh
they they they they get in with the fomo
okay
they get in when when the whole world
starts talking about it yeah to me
twenty thousand dollars no no no
i i my brain i already saw nineteen
thousand six hundred so that's not a lot
to me
but we're one day closer to returning it
to that because bitcoin always returns
to its all-time high so i mean i
i have that mindset also uh yes and i do
so
stg 44 said remember when ethereum was
bragging about low fees compared to
bitcoin
yes i do i do remember that but
and i pointed this out before ethereum
now
sees that hey a lot of people are using
it so they
they've encountered a scaling issue and
they've encountered a fee
issue and that's good for them the other
coins
they don't have these uh these fee
issues but no one uses the other ones
people are using ethereum
uh all right
now uh okay someone said ethereum
classic uh
ethereum classic has had many issues
lately that that's true but
it's it's an it's an altcoin you value
your wealth in bitcoin
that it's it's i mean it's almost like a
top tier all coin and it has
major issues okay so let's go to andreas
calling out the irs
um i noticed this the other day that
they they irs
issued a statement about
microtransactions micro
transaction crypto micro tank
transactions worth less than a dollar or
taxable events
according to a recent irs memo
because crypto acts as a substitute for
real currency
we got to speak up about their people
should speak up a bit about this okay
and andreas is he says uh it is time to
openly discuss
the fact that the irs is purposely and
actively undermining the use of
cryptocurrency with this policy
uh u.s persons and entities cannot
participate
in a microtransaction economy at all
micro transactions can't work with
mega accounting requirements
i agree there's i mean i don't know if
they're doing this on purpose or they're
just so clueless
but no you if you're if the irs expects
you to report every single little micro
transaction
that's that's a mega accounting
requirement okay we're in a different
world
uh maybe uh congressman emmer can work
on this
this is i'm glad uh and andreas is uh
calling the irs
out though they should be uh called out
now there's an article in the
decrypt that talks about the so another
bitcoin claims
claims he lost what is this uh 430
thousand dollars
on the electrum wallet scam dudes be
careful with that darn electro wallet
okay that's the second case of someone
be careful what you download dudes and
it's
that that story is going to be linked to
below if it's not already linked to
below i had
some issues uh and here d there's no
tezos agrees to pay 25 million dollars
in damages to investors
that doesn't happen in bitcoin all right
bitcoin
doesn't have to deal with people uh
bitcoin is lawsuit proof okay
there's a you can't there's no entity
that controls bitcoin that can be sued
like
oh i lost bitcoin i'm going to sue the
bitcoin office no
but tezos centralized they had an ico or
whatever they had and people were angry
at them and now they
uh i guess they were there there was a
lawsuit or whatever
they agreed to pay the people 25 now
there are no refunds of
any sorts in bitcoin okay they're no you
can't sue bitcoin
there's there's no entity behind bitcoin
there's no refund but in tezos hey man
you can play in centralized there's your
difference people if you don't
understand what centralization is and
okay so let me talk about two dudes well
first of all let me just talk about
thursday real quick thursday is going to
be asking anything day again
with a guest on like we have this
thursday with gabriel
and it's a very special controversial
guest it's going to be in the morning
it's going to be at 9 15 in the morning
on thursday
and so you'll get to ask him questions
you'll get to ask me questions i'll ask
him questions
so that's what i think maybe that's what
thursdays will be just guests
ask me any things not just them adam
asked me anything
you can and please if people started
asking a lot of questions as the show
went on but prepare prepare
i'll tell i mean i'll see on wednesday
tomorrow who the guest is going to be on
thursday i want to leave it as
as a surprise right now so two guys that
are in motion
hoddle smith what is it hoddle smith 21
watch collection so this dude i met his
buddy
in las vegas at tone's event
and he told me about the dude with the
watch that this there's
gonna be a guy making a bitcoin watch
and it's not just a watch
you can it's a it's a it's a coin the
canisius
whatever i can't pronounce it back in
the day you had those uh those physical
bitcoins
where you could store your bitcoin well
it's gonna be that's what the watch is
you're gonna be able to store
apparently somebody's stored is a 10
bitcoin on one of these watches that's a
pricey watch isn't it
but it's it's it's linked to below it's
called hoddlesmith.com
hollow smith 21 watch collection the
hollow smith 21 watch is a swiss
engineered timepiece
built to capture both time and money on
the hands of those strong enough to hodl
it
the watch and i like hold but whatever i
said it the watch was crafted
to specifically in case physically
issued and minted bitcoins
and cryptocurrencies the entire watch
movement sits on top
of the case protecting the physical coin
encapsulating the ultimate
metaphor of the time value of
money pound that like button very much
so
time value of money with your bitcoin
freaking
watch all right one other dude out there
that's in motion
btc chris has an article about that
about
why bitcoin why now now i was going to
quote
um he talked about uh how gold is
old in it and i really like that and i
by accidentally erased
the quote so i cannot quote from it okay
but it was a great quote about gold
and that in this modern day you need
bitcoin
and he talks about some of the modern
some of the events that are going on
right now that really should convince
people to get to get into bitcoin now
that you
you need us the the the printer is going
burr
and that the old-timers are saying get
in the gold but this
this is much better than gold and uh
yeah btc chris
kris uh he's it's linked to below his uh
his store his article so these guys
contact me they're in motion i
love to talk about guys that are in
motion doing
different stuff in this space whether it
be a writer there
or whether it be a dude making bitcoin
freaking watches all right it's getting
dark
we're getting closer to the fall we're
getting closer to uh
to me returning uh for the high holidays
to baltimore on september 15th
so i'm adam meister it gets darker
earlier
i already did my running today i had to
mine i'm adam meister the bitcoinmeister
the disrupt meister
pound that like button and uh subscribe
to the channel dudes
seriously retweet the stuff and thanks a
lot for everybody that watched it live
today
uh i'm gonna go eat today right now it's
time to eat
see ya weird time for the show
to say i know bye
