Hello everyone this is adam
meister the bitcoinmeister the disrupt
meister welcome to the one bitcoin show
today is April the 21st 2020 strong hand
the long term thinking buy and hold
bitcoin don't follow on all bitcoin is
the next bitcoin one bitcoin equals one
bitcoin I'm confiscating all I'm
offended by selling alright dudes check
out all the links below this Friday
hello my elite friends if you have
questions I've got answers typing the
questions there's time for questions
today in the chat I want to remind
everyone this Friday is this weekend
Bitcoin it's going to be at 11 a.m. East
Coast time
so all your Europeans will be able to
watch it Alex Penske will be on this
past Friday link to below iam great this
week in Bitcoin so do check Breck Eve on
Bitcoin was on and who else I haven't I
haven't listed there anyway follow me on
twitter tch be alt David Bennett and
Stefan laverra how could I forget them
so we're gonna three weeks in a row of
having Australians on the show this will
be the third week in a row already dudes
you are not victims you are not slaves
remember that ok remember that we've got
a lot of that mentality going on today
that is very unfortunate now over in
snitch land we got Brad glaring house
he's the guy behind ripple ripple made a
big announcement they're gonna sue
YouTube because apparently on YouTube
now I don't see these things on YouTube
I their ex their ex RP giveaways that
are fake people make videos to say
they're gonna give away X R P if you
send them x RP I mean it sounds exactly
like the etherium giveaway stuff that
was on Twitter a year and a half ago two
years ago did it aetherium stood ok is
they're even in an ethereal that can
suit Witter really I mean there's the
etherium I mean there's metallic I guess
he could sued he could sue Twitter but
this just shows you again house ripple
is a company Ripple's got a guy in
charge of it they don't like some videos
that are made about their coin so
they're going to sue YouTube so then I
partially this is the obviously it's a
marketing ploy it's it's PR it's a it's
the get attention hey look we're a
powerful entity we can sue another
powerful entity by era
pre pre mind coin you know but it's it's
such so snitchy man it's just like dude
no Ripple YouTube isn't causing your
problems Ripple I'm not a big fan of
YouTube or anything like that but I mean
it's it's so let's read what up brad has
to saved here okay and it's the official
ripple it releases linked to below the
official the coin Telegraph article you
can read all about this nonsense if you
want to but there are implications here
for for all of us even in Bitcoin land
okay so I'll get into that but it seems
like it Brad
Brad wants to be everybody's daddy and I
guess in this he says in times like
these when consumers really feel
vulnerable you will be scared it's more
important than ever to protect people
from these rampant scams
I mean people if people can't understand
that like you watch a video and it says
descend ripple and you're gonna get more
ripple if they think that's real I mean
they don't need protects you come on let
him learn the hard way dude I mean are
you are you their daddy you're saying
this stuff your virtue signal I want to
protect the world do it you think this
is gonna be good for your coin all right
great
but it shows how said it and some people
are falling for it yeah thanks for
speaking up for us Brad you're so great
Ripple's so I mean I don't know this
might be fake accounts too on Twitter
I've never met a person in real life
like a real rippled man never now
there's a dude out there Adam Charles
who I guess studies a cryptocurrency
related media and definitely has his
eyes on YouTube and he's tweeted out a
few things that I link to below
a few comments about this situation with
ripple and he is worried that uh it's
gonna cut down such a lawsuit YouTube
will just be like okay ripple we don't
know what you are you're suing us you've
got something to do with cryptocurrency
okay you know what we're gonna do we're
this is a pain we don't care about
cryptocurrency at all we'll just ban
everything that has ripple in it or
anything that has cryptocurrency we just
don't have anything to do with this
anymore and that's it that's it there
will be no more lawsuits because we
don't we don't need to deal with this
and he thinks that will hurt Adam not me
Adam but this other Adam thinks that not
having videos out there will hurt
mainstream adoption I don't agree with
that but the what ripple is ripple their
short-term thinkers they they possibly
think that okay we're suing YouTube
they're gonna get rid of all the rip the
fake ripple stuff out there fake ripples
so what's the difference between fake
and real ruffle stuff I don't even know
but they're given of all the fake ripple
stuff out there and the world will be
saved but ripple doesn't I guess they
don't get it like it's easier for you to
just to get rid of all the ripple stuff
okay
you're suing us we're just gonna get rid
of all of it that's that's it you know
that there's debt and that solves
ripples problem there'll be no more fake
ripple videos anymore because there'll
be no more ripple videos anymore that we
know more cryptocurrency videos anymore
so not definitely short-term thinking on
a ripples part that they definitely and
maybe don't withdraw the lawsuit maybe
again this is all marketing just to make
everybody warm and fuzzy oh we're taking
all mean YouTube and we're protecting
the people who fall for her
for you know sitting up sending ripple
to people to get more ripple and etc etc
now and I saw I'll read
I'll read Adams comments if Google
purges crypto content from their
platforms including YouTube and he
thinks that it just won't be YouTube
since Google owns YouTube that Google
will purge crypto from everything you
know anything dealing with the
advertisements etc etc then the concept
of mass adoption is basically dead you
better believe that without the
onboarding of new users that all crypto
projects will bottom out to some degree
ripple will get the blame okay dude I
don't think that'll work it'll hurt the
mass adoption of Bitcoin at all just
because they're no more if YouTube takes
it to the extreme and says okay we're
not gonna have any more cryptocurrency
videos anymore I don't think that'll
hurt the mainstream adoption a Bitcoin I
think it will hurt the some of these
sketchy up coins people won't be able to
pull off bit connects as easily as they
used to
okay it'll hurt some altcoins it if yeah
I don't want YouTube to ban all please
of course I don't want you to the ban on
all cryptocurrency and and but but if it
god forbid they did then you know it
would not hurt big point I disagree with
Adam on that but it would definitely
will hurt some all coins especially the
shadier ones and BTC sessions have the
best comment on this looks like someone
is cutting into their profit margins by
sweeping up all the gullible money found
that like button
so make Navy maybe ad that's what ripple
is worried about that that there there's
a lot of gullible people that are
sending their money to these fake ripple
when they should be sending it to the
real ripple I don't know okay let's see
if let's see if we got any questions
over here before we start talking about
block by real quick all right now we got
some interesting dudes oh okay okay
why are you good okay good this guy's
making comment remember
Zionism is the belief that my name on
here is prouds I miss you someone
someone had a ridiculous comment about
Zionism that's not that's not what this
show is about you can ask that on the
beyond Bitcoin show but I am a proud
scientist you I believe that the land of
Israel did the Jewish people have a
homeland and it is the land of Israel
that is all Zionism is there's all these
other people that believe like Zionism
is taking over the world and it's so
ridiculous I mean but I'm not gonna sue
YouTube because there's crazy people
saying crazy things about Jewish people
that's again this is where the big boys
play let people figure it out on their
own okay all right so let us uh let's
let's let's move on here but and it's
just it's crazy I mean the people think
of what Zionism is it's such a simple
concept and people should be proud of
crowds I I have a crowd scientist Jew
that name also you know I've said this
before I made I made this back up
channel a long time ago because I knew I
thought one day we might have issues and
I also thought that I'd make some hay
and you never know I'll probably make
some more beyond Bitcoin shows that deal
with Israel the glorious state of Israel
long live and the and and Jewish Jewish
matters I guess because there's so many
people to think they they've got all
sorts of opinions about Judaism but yeah
I picked the name because I'm like this
is who I am but I know this will trigger
so many of these people who are you know
conspiracy theorists etcetera etcetera
so dude with the question I'm glad I
triggered you to definitely ask such
things on the the ban on Bitcoin show
but uh yeah I I love the name of this
channel almost as much as I mean I think
I love it more than the bitcoinmeister
channel they're both pretty creative
names I like all right pound that like
button and let us move on to the block
by if you've got questions guys
definitely stick stick with the crypto
stuff here and you can ask other
questions we'll be beyond one but yeah
definitely get my
tension alright so and check out the of
course this Bitcoin to the moon calm my
buddy down in Australia now moving back
and he's been the Israel before you know
trying to tie everything together day
it's funny there are a lot of guys I met
through up a lot of non Jewish guys quit
few substantial amount of non-jewish
guys that I met through a Bitcoin that
have been to Israel good good for them
so it's a fun time it's a fun time on
the beach in Tel Aviv baby alright and I
do look forward to returning there it's
unfortunate we have all these travel
restrictions between all the glorious
countries of the world and as some
countries more glorious than others
obviously let's get back to the topic
here and that is blocked by so I got an
email from from a guy mentioning u.s.
dollar coin and how it block by you can
get eight point six percent interest on
your US dollar coin there if you give
them US dollar coin and that's the most
do you can get a 2% or 5% on your
Bitcoin but we're going to talk about
what what he said here because he made a
comment about this Rick a Bitcoin we
were talking about why are stable coins
usage why is it going up and something
that we didn't talk about is that some
people a by the stable coins so that
they can give it to an outfit like like
black buy and get interest and we did
not come and he's absolutely right there
are people probably and he said he's
this person said he's one of them he
gets he buys a stable he's got extra
cash laying around so it turns into the
stable coins and so he'll get eight
point six percent and that's why he
bought that stable coins so I agree with
him yes and I'm gonna read you what I
wrote yes I think you are correct that
there are others who think if I put this
US dollar coin on black cloth I I get
eight point six percent
versus 1% of whatever you would get in a
Fiat bank because again with your Fiat
dollars what are you going to get 1% in
the bank if you're lucky so people think
well this is better than the regular
Fiat the world instead 1% on my dollars
I'm gonna get 8.6 percent on my box
dollars and it sounds like a great deal
when you were thinking in fiat terms the
problem is that anyone who does this has
to believe that next year for Bitcoin is
not going to be very good because you
should be thinking your Bitcoin look so
let me get into this let's say the
Bitcoin is worth $7,000 today okay so
you have $7,000 you happen to have
$7,000 cash laying around and you decide
to buy seven that sells $7,000 of US
dollar coin you give it to black by you
get your 8% return so you end up at the
end of the year again this is all rough
math and you get more specific with
compounding interest I know you end up
with seven thousand five hundred sixty
dollars worth of stable coin at the end
of the year so if Bitcoin is worth less
than seven thousand five hundred sixty
dollars including all the crypto
dividends that would cut that might come
with that a Bitcoin in the next year
then you you've come out duh you've come
out ahead okay and you're you use that
are valuing your wealth and fiat okay
but I mean and this is a big buck if in
one year one Bitcoin is worth more than
some 1516 dollars then you you're better
off just buying the one Bitcoin today
for seven thousand dollars okay and you
know in theory you could buy the dips
along the way and with your interest
that you get every week and you could
manage it a little bit better but then
being worth it and you could end up with
more than one Bitcoin in theory like a
little bit more than one Bitcoin so you
can make an argument that you know I'm
good at managing the interest etc etc
but here we go that the basic argument
is this if you think the bitcoins gonna
be worth ten thousand dollars in a year
all right you might as well just buy one
now instead of ending up with stable
coins plus the interest and that won't
be worth one big
in here okay and you're gonna with that
stable point interest that you earn
you're gonna have to pay taxes on that
because obviously the IRS is going to
well block by will report you to the IRS
I mean they're a law-abiding company etc
etc etc so there you go it is not don't
get tempted by that eight point six
percent interest rate value your wealth
and bitcoin on unless you think bitcoin
is gonna be worth you can do better on
stable coins with the interest it then
the bitcoin in the next year the year of
of the habit okay you I mean and that's
fine if you think that's the way but
also you got yet to pay taxes on that
you're not bowing you wrote the bitcoin
your knife you're not taking it into
account the crypt of dividends like the
who knows what will come along in the
next year that a benefit for holding
that Bitcoin compared to holding that
state and another thing another thing to
understand here you're some are you
gonna say well how about this atom I buy
my Bitcoin for seven thousand dollars
today I give it to block fine buy
Bitcoin and then they pay me three
percent interest or whatever they pay
and I end up with 1.03 Bitcoin at the
end of the year how about that at dad
that's pretty darn good
and again you have to trust block by
there you have to trust and and they're
not giving you your crypt of dividends
along the way either
so again control your own private key
don't think in this fiat mindset when
you're thinking about hey block by is
gonna pay me more for my dollars and
they are in terms of interest in the
bank is just think about what your
Bitcoin is worth now and what your
Bitcoin is worth in in the future in a
year alright now with all that let's
pound that like button and move to coin
metrics report they have assessing the
long-term fallout from cryptos Black
Thursday and that was on March the 12th
when everybody started panicking over
the the virus and everything was being
shut down and people needed to silly
people needed to sell their Bitcoin biz
they
it's cash to pay off who knows but
here's the long-term but what is the
long-term fallout from now over a month
ago what would what to do these guys
think the long-term fallout was well it
wasn't a very good day for Big Macs that
day bit next Futures if there was all
sorts of horrible problems and since
then people who love the gamble on
futures and do that nonsense
have moved over to buy Nance so that day
was good for bye Nance bad for Big Macs
okay another thing that day that
happened that day there were so many
people trying to move Bitcoin around
that day that the transaction fees for
Bitcoin went up quite a bit for that day
but for two weeks after that day the
transaction fees remained high and this
is probably because the V estimators out
there that so many wallets use and
people just blindly follow they they
kind of got stuck on that day kept
factoring that day into what you know
what it should cost was that was a that
day was an anomaly or maybe that you
know that the 24 hour period 48 hour
period was an anomaly but the estimators
kept factoring it in and kept the the
fees high or that the recommended fees
high on wallets and people just blindly
just use those fees again people look
don't go blindly by what your wallet
tells you to do in terms of fees I mean
dude their sites you can go to that
shows you how fast it's gonna take for
your Bitcoin to get sent if you use
certain fees you're usually these
wallets what I've seen is they they they
do over an overestimate and you end up
paying more than you have to and this
really this trigger that there were high
fees naturally because everyone was
trying to use it but then the estimators
got stuck there and we had high fees for
ah well some people had high fees for
two weeks alright so there are some
long-term implications I would call
those medium-term but well the p1 was
medium-term but the bit max versus the
next futures vs. financed futures that
that could be a long-term implication
that day Oh I mean also I gotta say that
a long-term implication from that day
was that uh people that have conviction
picked up some cheap Bitcoin that day
and they're gonna be holding on to
Bitcoin even longer some Bitcoin that
was in weak hands is now in a strong
hands and it's not going to go anywhere
so all right
so speaking of stable coins we talked
about that before there's a report out
there you can read it we find no
systematic evidence of stable coin
issuance driving cryptocurrency prices
and the name of the article is stable
coins don't inflate crypto markets okay
they've got research you check it out
now you might remember a few months ago
there was a proposed publication called
Nakamoto comm and it's out there they
wrote some articles it's not just about
Bitcoin it's about cryptocurrency
altcoins
all sorts of people that have been sent
to the bitcoin inquisition right for it
all right people were offended that they
use the name Nakamoto no one owns the
name Nakamoto I said calm down
well you know the funny thing is you go
to Nakamoto calm right now it hasn't
been updated like in three months so I
mean people made a big deal out of it
what's it to you now I mean at the same
time there's something new called
Citadel 21 that just started volume one
is out so check it out it's linked to
below that so
and it's Bitcoin friendly so for all of
you that were hating on Nakamoto well
here so if you want to read a
publication that's got the long form
articles or whatever there's a Citadel
21 so if you've and Nakamoto hasn't
updated itself for a while yesterday I
talked about that ego coin and that
crimp of dividend that we got hex and
how it got pumped up in value and then I
sold some of it and some people did not
know that you could sell the hex some
people thought that you know got so
caught up in that staking nonsense that
they were like well I signed up for it I
have to keep it for a year no that's not
true at all you can dump it whenever not
some of it is staked but
there's that in your mind admit that
never existed I mentioned where I sold
it and I mentioned like the wrong name
it's called for Delta app I link to it
below be very careful though Fort Delta
a P P you can sell your your hex there
alright we remember a few days to go now
sounds it seems like longer d-force
and it can never buy that nonsense never
buy something you get for free
especially something so centralized but
if you got it for free why not and it's
hey the dude watch yesterday's show I
talked about it I talked about that ego
coin and the dude behind it and it's a
case study in up coin marketing so
d-force got hacked that was a defy
platform and now the hacker has returned
most of the funds so he proved the point
he could hack it it's still not it's not
a good sign
people should learn a lesson from their
that it's still not decentralized fine
even though you got all your money back
which is great I don't want people
losing their money or most of their
money back
it shows there you definitely you can't
trust these centralized platforms and
we're talking about defy we're talking
about block by before with it's amazing
returns
I mean block by could end up like
d-force and the guy won't return it now
they're they're different but they are
centralized entities all right but defy
black-bag doesn't try to say they're
defy well defy tries to stay there defy
which they're not there they're not
decentralized alright and oil so oil
went negative yesterday Bitcoin won't go
negative on you okay but Carl damager
who's been great about all the virus
stuff he's also got a good find a great
financial mind I don't agree with him on
Bitcoin he's got an article about how
oil going negative is really disturbing
for all financial markets and it talks
about how it can really scare other
markets to it
people don't have a limit on how much
they can lose I mean most people think
you know zero is the limit that's it I'm
out but if you can if you can go
negative now in certain financial
products this is going to freak some
people out so just remember Bitcoin will
not go negative on you okay that's
that's it's it can't go to these weird
virtual I mean it's like the virtual
world is meeting reality you what is a
negative value of a physical entity I
mean we're getting to this weird world I
mean we're in this world of negative
interest rates now too which is all
theoretical stuff before and now it's
hitting the real world Bitcoin does have
to worry about that kind of thing all
right but it's very interesting what's
going on in a code freaka all sorts of
financial markets out so good good job
Karl danger that's linked to below and
finally were Alex fats he is gonna be on
the show on Friday I mentioned that
11:00 a.m. New York time Baltimore time
but something he's got a tweet out there
he says I was mad as I'm not gonna use
the word I was mad as heck and wasn't
going to take it anymore so I bought
Bitcoin and I've said this a lot of
different ways before but I'm gonna say
it again if you are one of those people
that are just angry at the system it's
not good to be angry good to be mad and
a great way to take out your anger and
just to get get mad to get that anger
out of you it's just a buy Bitcoin
that's a way to fight against negative
interest rates and negative oil and who
knows negative prices old houses
negative dividends on stocks whatever
you might get punished with in the
regular find me you're all the
manipulation out there you can Rage
Against the Machine as much as you want
to and really get angry and get a brain
aneurysm and be angry and shorten your
life be more prone to all sorts of
viruses or you can just take it out on
Bitcoin in a positive way and buy
Bitcoin there you go so don't get angry
get Bitcoin okay dudes i'm adam meister
the bitcoinmeister
disrupt meister i'm about to go on my
Tuesday walk it is beautiful in Los
Angeles California good evening sci-fi
sky side flyer I know you're in LA I
hope you're having fun everybody found
that like button bang that Bell one
spread the word on Twitter of course
TCH B alt that's who I am on Twitter new
show every day hopefully it'll be even
earlier tomorrow we got to get to that
really early point on Friday for this
weekend Bitcoin see you dudes I'll say
hi to you in the chat thanks a lot
