This week in Bitcoin- 12-1-2017- Price roller coaster, North Korea, Venezuela, MSM, Andy Hoffman

This week in Bitcoin- 12-1-2017- Price roller coaster, North Korea, Venezuela, MSM, Andy Hoffman

Hello everyone this is Adam Meister the
bitcoinmeister the disrupt meister
welcome to this week in bitcoin today is
December 1st 2017 I hope all of you it
had a strong hand this incredible roller
coaster week that we just went through I
mean we were at eleven thousand nine
thousand below nine thousand ten
thousand I know you all had strong hands
I know you check out the links section
below to get discounts on your trays or
get your t-shirts crypto HW wallet calm
cryptography tea and now I’m gonna
introduce the three very special guests
you’re very familiar with two of them
because they’ve been on the panel
numerous times but the first one I want
to introduce easy super special awesome
dude coming straight out of Italy
Federico tanga welcome welcome to the
solo all right and then of course we
have Gabriel in Venezuela
tell us everything that’s going on in
Venezuela and we have the living legend
Andy Hoffman coming straight out of the
Rocky Mountains
so Adam four different continents four
different continents going on in this
call oh my god that’s right because I
forgot that it is December 2nd here in
Busan South Korea where I am and I am
going to be on Monday 1:00 p.m. I will
be in Seoul at the Bitcoin center that
link is below for the people who want to
hangout in Seoul at the Bitcoin Center
on Monday I’m gonna keep on sending you
reminders the next two shows that I do
here but it’s important I remind you all
now all of these guys important links
are below also so before we get into all
the news about the CME and the price and
you guys know all about that stuff I
want to get into something that pertains
to a little bit too I mean I’m in South
Korea right now and everybody’s
wondering what’s going on in South Korea
but everybody’s really wondering what is
going on in North Korea and federer
go you have you were in North Korea you
all you taught Bitcoin to the North
Koreans so everyone is curious about
this tell us what you saw how’d you know
about the students what you did and just
give us a tell us what happened up there
okay so yeah where is maybe in the
objects at the yes many people back with
me so whatever visible is that there is
this university in Korea attending were
interested to give their students and
exposure to innovation in science more
in general
so yeah they moved into this club change
stuff so they were lucky we were able to
teach our students yeah so when I do
personally I don’t care about the
government I just care about educating
them about the technology and also I was
but curious to see the country myself so
it was so I went there for work and why
it is so exciting and I think most
didn’t understand it they were
interested because any plastic was quite
interesting to to senior staff it was
not something with the organized by the
central government or anything so I’ve
seen people on dancing here in North
Korea and there are educating there
because they want to do this and that
it’s not really like that it was just
that the universe student wanted to to
give the students some exposure to this
kind of innovation and it wasn’t that I
didn’t I didn’t talk to any government
official of stuff like that
it was just professors that wanted to
really care about educating their
students about innovation maybe they
were more interested in some like master
universities but this is quite
interesting but yeah it was a good
experience the different country has to
draw a different kind of students but
still there they were what smart they
speak very good English so it wasn’t
particularly difficult so also you might
want to talk a little closer to the mic
I think people are having a hard time
oh that’s good um well I’m like this was
a this is obviously a peaceful mission
and educational mission uh do you do you
think this is going to be the first step
toward a
I don’t know some sort of economic
relationship with the West some economic
freedom some economic interconnectivity
well I don’t think we are already at the
point where one can really do a
different thing and this kind of
situation I mean I really love because
everything is the future is going to
change the world right now is Easter
this must disturb anyone is the main use
case could be a good medium of the
poverties change in the future it’s
already in the middle of exchange for
some in space today but it’s not of
course it’s not what we used this is the
standard this world which i think is
about helping people that don’t trust
each other to still be able to trade
identity in the judge in the near future
we would really make a different thing
this in geopolitical and standards of
the area but maybe could add to I don’t
even think that you will endure it will
make the country often actually
something I’ve gone a very close country
to and to keep any relationship with
training or never for the country
without needing to open the country much
less a you don’t need to open banking
relationships because you have this
distributed system that you need and
stuff so I think actually it could even
maybe maybe after the opposite effect to
more in general to make country destroy
the the incentives for the countries to
open because now country open because
they want their economy because it will
also improve the economy but if you
delete them anymore because you can
still train with other people would have
to building a lot of political and
financial objectives maybe you can still
be a host country but still benefit from
the international trading so yeah it’s
something we may see in the future but
he may go in a different direction
very interesting so at one thing so the
students were just eating this out they
they learn very fast they were they were
good students they seemed to pick it up
nicely yeah because he was compulsory
for them but then of course so not all
of them were many super interested but I
can say that most of them day they they
enjoyed it and they they also Luna I did
well this is I think this is fascinating
I who knows what seeds you really
planted there have you heard from
anybody from north
Korea since then any of the students any
of the people who invited you have you
heard anything back any feedback yeah
I’ll be talking with some of the
professor over there but yeah I think
the other something else I I really
wanted to send them some extra didn’t
that much that I’m still in touch ok but
this is interesting I I I do hope that
this sparks something up there even
though you might not think it will who
knows who knows what seeds you planted
for freedom up there we shall see I I
think education is a positive thing and
is a very good way of creating friendly
relationships between two groups that
might not know each other or that well
the West and North Korean so we we shall
see how that develops and II give any
any questions from Federico before we
yeah you know I’d like to know what the
policies is is Bitcoin illegal in North
Korea or is it possible to buy it like
how would you buy it if it is legal they
didn’t even talk about it because much
generally means some people learn about
it but anything official about that so
all we have is to be merciful
so yeah I people don’t truly tried it
because yeah I think I think Korea North
Korea is a very interesting situation
because clearly it’s government controls
almost everything in the country whether
they pro or against Bitcoin it’s the
kind of thing we’re gonna see on a
global experiment of how repressed
countries react when they see everyone
around them including South Korea and
there are other neighbors embracing it I
mean they’re going to notice it at some
point I’m just curious as a as an
experiment in government and humanity
how this works yeah I think each other I
like any government they are looking at
it because it’s so big bit cleaner now
that everybody is for community and
let’s have any government and nobody
still very sure what to do with it they
are probably studying it and Wow all
right well everyone
there’s your unique you got some inside
source here for Bitcoin in North Korea
pound that like button people all right
Gabriel tell us what’s up in Manila or
do you have any quick you know if you
have any questions ask him – Gabriel but
please start to tell us what’s up in
yeah first of all it for me is a very
good finish for an honor to be with you
guys with Andy with you with Federico
yeah it’s a real honor thanks again for
this opportunity it comes to my
attention that countries such as North
Korea share some things with Venezuela
among different things it could be the
big use case for a crypto okay that’s
right I think I have to say about North
Korea I hope they don’t go to war
actually I hope they’re just you know
trying to show it off their guns and I
hope they don’t finish off our world
that’s what I have to say about it now
about Venezuela well there’s been a lot
going on my friends I will give you the
note that the news is probably you
already know this
it reached over 1 billion believer is
Bitcoin can reach over 1 billion
believers this is Ana so that you guys
have an idea please the last time I was
at your show um Bitcoin was at 73
million believers ok there was about two
months ago maybe two and a half months
maybe ok so now it went from 73 million
to 100 like 1,000 million 1000 million
160 like
you know I don’t know how many times how
many eggs is that but it’s a lot it’s a
lot so for people who actually bought
Bitcoin like this year and last year
nowadays they are super rich in
Venezuela super ultra rich like you
could not believe you cannot spend that
much money so that you guys have an idea
okay if you are like a doctor or like a
lawyer and you make a lot of money in
the United States maybe you make let’s
say five thousand dollars a month right
so maybe in two months of your work you
can buy one Bitcoin
okay without spending anything let’s say
you’re a regular guy you make $2,000 a
month you don’t spend a penny
it takes you six months to buy a Bitcoin
okay for a Venezuelan guy who makes a
good living and makes maybe ten million
believers okay how many months or years
you need to put up with one Bitcoin it’s
impossible it’s impossible you will not
be able to do it never ever again so for
Venezuelans there once they got Bitcoin
like one whole because they are set for
good okay and this that has happened
here in Venezuela with hyperinflation is
the same thing that is happening to all
the countries the only thing is that the
velocity is different okay what is
happening the same thing actually I will
give you this when two months ago two
months ago believer versus dollar was
around seven thousand six thousand
believers okay that’s three months ago
only now is 105 thousand all yours per
one dollar
okay that is a lot so my point is that
for Venezuelans it’s impossible to buy
Bitcoin anymore like a whole Bitcoin you
can only buy Satoshi’s okay last time we
reach one Satoshi 1 believer now is 1
Satoshi you get 10 believers so you have
an idea now of things okay so now when
we go outside to eat and stuff and we
pay the bill we think of Satoshi’s what
it divided by 10 Bolivar is divided by
Satoshi’s okay so it’s it’s such um it’s
mind blowing it’s minor lowing let me
ask you a question about that though so
you pay for some things in Satoshi’s so
that means people know that you have not
that point okay no no don’t get me don’t
get me wrong
wait a second
Gabriel oh man did the screen just
freeze up on everyone there Andy you
there yeah it’s just Gabriel there’s
game oh man he’s about to hit the
important line oh my god
yeah Hill Gabriel will return don’t
worry I think I think the important line
was made that that in hyperinflation
bitcoin was the king and then I’m you
know if you look at what the gold price
did I’m sure it is up to because the
gold price is flat but you know gold
helped you Bitcoin
made you the equivalent of a billionaire
yeah it’s it’s unbelievable I’m just
gonna ask like I mean he people people
might know he has Bitcoin I mean I would
think that would make him kind of stick
out should we say but I mean he was the
guys who got who have been on this show
from Venezuela must be doing great I
mean just considering the numbers he
just shared well Andy obviously people
are talking about this CM e cm he made
the announcement that the xviii are
going live so the price spiked almost to
11,000 again today tell us your thoughts
tell us we’ve got some links to some
articles of yours below to tell us
what’s going on right well it’s funny
because again in my prior life I had to
look at Zero Hedge every minute of every
day looking for so that I wanted them
but looking for all the negative
articles and zero hedges just turned
into a clickbait machine they do have
some smart people there but all their
articles they’re always trying to
tribute something to every time there’s
a market move and they’re often very
negative and the way they spin things
and I don’t even think they’re
particularly like when Bitcoin surges
like today okay they’ll say it’s up but
they’re more happy to say that it’s
crashing it’s almost like a gold person
and when it says
so it comes out today it says CMEs
announces the launch and Bitcoin surges
and my thought is no way that’s not like
Bitcoin is up Bitcoin first of all
everyone knows the CME is launching I
had in my mind
December 10th so now it’s December 18th
so that’s not a big surprise I think the
bigger thing is simply a adoption people
are buying it people are realizing that
this thing is breaking out to huge
numbers that make it invested by the
entire world that’s outperforming every
market it’s done with all the fun it’s
done we are completely done forever with
all the internal politics it will never
be another challenge from a beat cache
or any of these guys and now we’re gonna
go into 2018 with the crypto hedge funds
coming into being and all the technology
that’s gonna be at on with Segway but
the bigger news you know I put out last
night I wrote a little article on when I
saw it was tweeted from Max Keiser who I
mean God he is just a receptacle of
amazing things that people send him and
I hadn’t seen this but apparently one of
the ECB governors his name was Eve Murch
a French guy he was at a dinner and he
told all the people he said I’m telling
all the banks that they need to
implement instant payment systems for
clients because they have to compete
with Bitcoin and he of course disparage
Bitcoin while he said it but the fact is
he was acknowledging you banks with your
stupid wires expensive wires that take
all day can’t compete with Bitcoin you
better do something about it and when I
saw that I put out i retweeted and I
said this should be retweeted around the
earth this is like the biggest news of
the year for Bitcoin and it comes just a
week after the ECB put out a white paper
saying that they think they should get
rid of deposit insurance and I’m gone
well how much more do you need if you’re
like a European to to realize that you
need to get out of your banking system
and into Bitcoin and and you know you
put all those factors together and of
course the Big Bang Theory and and there
you go tend to let it’s probably 11,000
as we speak or very close to it yeah
it’s it’s good to have a show on an on
foot Friday it was they definitely do
when when that announced me
she’d come out today it did there was a
there was a spike I mean that’s just the
way the market works sometimes a bunch
of people just jump in like that uh I
mean that obvious that’s not that’s just
a temporary thing though the reasons you
gave are the reasons why bitcoin is
going up back you know we had a couple
down days there you know people people
gets stuck in downward trends sometimes
and they get hyped up on the upper
trends too much again we all have strong
hands here we think long term found that
like button well obviously just dad
about the price I mean today everyone
got a little excited about what happened
two days ago long time ago but that you
know today’s action is far more bullish
so it happened two days ago is one of
those parabolic blow offs like I mean I
don’t know if we’ve had even the one
after segue cancellation pales in
comparison to the volume and spike that
we saw two days ago and you know what
the crash was pretty much nothing it
went to nine thousand one two three
times bounced off it and came right back
and we’ll probably be at new highs by
the end of the weekend absolutely
incredibly impressive action yeah I mean
I’ve warned people about that we’re
gonna have days where it drops a
thousand two thousand which was that was
incredible but again it’s like it
happened if you did it if you didn’t pay
attention all those days you really
wouldn’t know Federico do you have any
comments on the European aspect of all
this any anything that had Andy brought
up Europe there for a second well there
is like people interested in to buy a
bit current when you put the time you
will nurse that like at all kind of all
friends has asked me out to buy Bitcoin
out to get into it and I think we are
really looking perching abundant
everybody want to allocate part of their
work into Bitcoin it’s they’re starting
to realize that they they are going to
miss the train didn’t do it so I think
this is just the beginning because a lot
of people really struggle with exchange
to get 35 because there is a lot of new
users people don’t really know how to
use so they it’s not
some time for them to do that self we
can be a lot still a lot a lot of people
that they don’t need to invest in it to
become but still they didn’t manage to
do it because basically we are the the
industry is not ready to do all this on
so many you users so fast so I think
okay we can we may have some correction
along the way but before in 2013 and the
growth is still kinda it is it’s not a
fast compared to the previous paper so I
think we still have to get into the real
bubble we may have it may be after the
the CMA opens or sometime in the first
quarter of that meeting but well this is
$10,000 moment from I guess last week
now that that really got the mainstream
media into it as predicted it’s just
playing off of the news is playing off
of itself the good news more and more
people are finding out about it more and
more people are asking me how to get it
so it is exciting and by the way we’re
gonna get back to you I want you to tell
us about this chain side company in a
secondly but Gabriel you were in the
middle you were going to tell us about
that the government has done has become
from what’s what’s going on yeah you
know my god I’m sorry I went off on the
middle of the rent like sometimes this
happens quick internet loss but I’m back
so as I was resuming what I was saying
sharing with you guys as we hit this
all-time highs unbelievable heights
we’ve come to a point in Venezuela where
you know the people has got the
attention on to Bitcoin and earthquakes
not only Bitcoin and you
for us it’s really a matter of life or
death it’s a matter of losing everything
you have or trying to keep or us if you
already have me going you’re well off if
you have you can start building your
Bitcoin you know your stat you can start
building your stash even if you don’t
win much money because eventually as we
have seen 10 fall times for Bitcoin now
it’s nothing okay we were at 1,000 last
year at the beginning of the year now
we’re 10,000 I believe by the next month
we will be such huge increases will be
seen that people are going to go really
really really crazy okay so I think for
the next future these next six months I
would probably hit more than $50,000
easily Gabriel no problem
I have a question for us if you don’t
want to spend your Bitcoin and you want
to spend the believers but how do you
live there when when you you’re too
hey you don’t want to spend the Bitcoin
it be you’re probably too scared you
don’t anyone to know you have it like
how do you monetize your Bitcoin and how
do you live a life where you really
can’t touch it you just know you’re
getting wealthier but you can’t really
touch it well I will tell you Andy and
luckily for Venezuelans this year at
least last year and this anjaan we
launched monkey coin okay monkey coin is
the only regulated exchange with
oversight from the Venezuelan government
mostly with authorities you know explain
in them how this works and explaining
you know why people need it and
explaining and how they cannot stop it
not even if they want okay so when these
people which are very clever they’re not
dumb or stupid as some people may think
people on the government are very clever
and they know that this can be a great
option for Venezuelans not only the
people but also the enterprises and the
government itself okay so by the moment
they are experiencing the learning curve
they are still on the learning curve
they’re learning a lot they’re open to
so as a matter of fact there is a Fair
on Sunday I will be attending on the
poly era in Caracas yeah and there’s
going to be all that crypto sphere oh
sorry all the cryptid sphere from
Venezuela and be there and as for
tomorrow for instance as to give you an
example I am doing the first competition
ever to be paid prices in in crypto okay
we’re gonna be hosting some era of
launching the the exchange and getting
people to know it because although many
people do know about crypto not
everybody does so we care for the young
and the ones that don’t have anything so
we are gonna give away a lot of crypto
to everyone who participates into this
competition it’s very easy it’s not very
fancy it’s a skateboard competition ok
but the Young’s needed this because it’s
a way to help them I will tell you I
will charge the people twenty thousand
believers which is 0.2 dollars and I
will too
to enter the competition ok but I will
give them I like 7 times that worth of
crypto for them only for participating
and at the same time they will learn
because for many of them they would be
the first time ever you know they they
get in touch with crypto so they’re
gonna learn like right now they’re gonna
learn tomorrow there’s gonna be a lot of
people learning and they’re gonna spread
the word and also what’s gonna happen
I’m going to give prizes
to the people who post stuff about
crypto and I will see their post and I
will send them more crypto ok so a
surprise they will make more money
promoting crypto in Venezuela than they
would make working on a regular job for
instance I could give them let’s say
which will be worth like 600,000
believers which will be 200,000 more
than with 12 do we get on a regular job
so the crypto currency has so much power
for Venezuelans it’s really really
really gonna gonna be great so monkey
coin is a team ok we’re scatter around
the world
based in Venezuela and we are working to
make progress Louis with the government
we’re working to make the institution’s
understand there’s nothing to be afraid
there’s a lot to gain we’re letting
people know how to use crypto okay and
what happens if you let me go a little
bit further what happens is that with
Bitcoin sir I’m sorry pleased to say
this I hope nobody takes hit like hey
don’t hate me because I’m gonna studies
and and pay your stuff with crypto and
you’re a regular guy in Venezuela
3000 satoshis for a transfer you will
die if you pay 200,000 Satoshi for a
transfer like we had two weeks ago
20,000 Satoshi is a lot of money for
normally so you will not give one
month’s salary to pay something so
what’s going on here in Venezuela people
are very aware of all the other kryptos
about a theory about litecoin about many
many many others so what we’re doing in
monkey going to help people to get in
touch with this and like have an
opportunity to really use it among their
peers is we are launching this new
crypto called smart cash on monkey coins
very new but it’s very cheap
okay it’s very cheap to send okay and
it’s very cheap to acquire you can you
can get a whole smart for six thousand
believers which is not too much but you
need to pay 1 billion for a bit good so
two people to get to know into crypto is
easily easier for them to buy a cheaper
one than to buy you know the number one
King Bitcoin don’t hate me for this but
it’s a case of story because even if we
we can love we can love Bitcoin okay we
can be sure that it’s a store of value I
will never deny that to anyone
I will hit 1 million dollars by 2019 I’m
super sure about it here it is it’s dumb
it will be dumb to use beat going to
paste first off because you will have to
pay so much in fees which of course for
you guys maybe pay $1 $3 $5 10
consumption is okay it’s no problem but
here if you will have to pay your whole
month worth of salary to make one
transaction would you use it to pay
stuff it’s impossible you’ll never use
it so what’s going on here in Venezuela
people are getting in to bleed coin cash
okay a lot people are getting into al
coins people are trying to find a way to
use Bitcoin as a store of value but use
another coin as a means of exchange for
goods and you know peer-to-peer
transactions because simply because it’s
cheaper to use another coin let’s see in
the future is growing of the other
cryptos which are less expensive to make
a transfer for instance in monkey coin
I’ve been getting so many requests for
instance to to put on available the
market for Bitcoin cash okay I’ve been
asked many many many many many times
that actually there’s people here and
they’re not well aware but they don’t
know you know the history but for many
people the real bitcoin is beacon cash
it’s not even Bitcoin well we know
because that’s and they use it for
peer-to-peer instruction it’s super
cheap it’s like point fifteen dollars or
something so it’s that’s what you win a
normal guy wins that in one day so maybe
you can spend your one day salary for
making a transfer yes you can do it if
you like work and make good money here –
oh there’s a lot of people who do of
course you wouldn’t mind paying your
fees for vehicle but I tell you lots of
people are asking me for Bitcoin cash
into monkey coin like they were having
me crazy okay maybe I’m gonna have to
have it because you know I’m setting a
market place and I have to give the
people what they want they will bid
Kanye they have because they wanna like
when they have got like they want the
Syrians they have with you now they
wanted an alkyne very cheap and super
fast and socials they have smartest okay
in the future we might add so more other
as a matter of fact today we launched at
our noon and inside always the big party
for monkey coin in Venezuela you know in
the competition first ever in the world
to host a competition paid with crypto
okay well III think this is just a
reminder that bitcoin is the gold and
hold no matter where you go in the world
it is the world reserve yeah what the
currency but then you’ve got some issues
where people are they need for daily
transactions they’re going to use other
things other other means and well they
that you do not deliver what the people
want if they want the be cash that they
want the etherium if they want the lake
home you’re a businessman you gotta do
what you gotta lose this is very very
interesting one one final thing real
quick um when at this competition which
what’s cryptocurrency are you giving
away which cryptocurrency are you giving
away I’m giving out waste
I’m giving away smarts and for number
one price I’m giving away Bitcoin right
there all right let’s move on real quick
and we’ll get we’ll get back to you I
was there anything when we get back to
you I want to hear if there’s anything
more that the government has done but
Andy uh we had the we hit the big flyer
announcement right now you can sign up
for bid flyer in the United States I
believe I have you have you messed
around with that yet at all I haven’t
had time to see if you can actually
start trading in the United States on
bit flyer yet and what what the full
deal is my point of bringing this up is
that the more competition the better in
the United States and that that’s
progress right there here at the end of
2017 who knows what 2018 will bring in
terms of new new exchange new ways to
use your dollars to turn them into
awesome bitcoins so take it away in yes
let me get the bid flyer last because I
do have some comments but it was just
interesting listening you know I think
everyone kind of thinks at anytime as a
country in turmoil that the government
says no Bitcoin no cryptocurrency I
think that’s the impression we’ve heard
about Zimbabwe but then you had heard
that it not really the case so there’s a
lot of propaganda out there there’s a
lot of misinformation and boy when it
comes down to what Gabriel is saying is
look the government has to be smart they
have to realize that the the more people
that succeed the better chance that the
country will turn around and so that
they’re probably looking at it like you
know this actually works the currency
clearly doesn’t work that we issue and
you know and they may wind up embracing
it I think a hyperinflation and
situations far less dire than
hyperinflation are going to draw
government’s toward cryptocurrency it’s
that simple and I thought the the other
thing that’s extremely extremely
interesting what he’s talking about that
the transaction fees are so high in
Bitcoin but not necessarily others
because in this country it really
doesn’t matter I don’t see the
difference I certainly don’t consider
what I pay for a fee even worth
considering but obviously it is down
there the thing is that I’ve always
thought there’s gonna be many many
currency many Kryptos that that do
day-to-day transactions I mean be cash
may be one of many it could be 50 or 100
could be hundreds of them the thing is
it’s so funny is that if any of them get
any kind of usage they’re gonna have the
same scaling issues as Bitcoin so just
let wait and see what happens if people
actually try to use be cash a lot and
all of a sudden they have to deal with
bit with with bitcoins issues and then
everyone will be laughing at their
scaling and then they’ll be mill at tens
and hundreds of other cryptos they’ll
have solutions to compete the whole
thing is the only thing the only crypto
that actually has a use case that’s
is bitcoins digital gold everything else
is on the table no one else will be
digital gold but they can all fight for
the scraps of day-to-day transactions
which are not as valuable you know for
the token as the digital gold that
cannot be replaced by any crypto and as
for bit flyer yes they that’s the for
everyone who doesn’t know bit flyer is
the biggest Japanese exchange they
huge and they now have this bit flour
USA so I went in to sign up I created
the account but you know what it’s a
disaster their website you uh it says
what’s your your password and I’m like
well I didn’t give a password so it’s I
asked you
it says it’ll send you a text it doesn’t
send you a text you say it boys
it doesn’t call you so there’s a lot of
issues it’s not ready yet but if they do
get it up and running in a fashion such
as the other major exchanges in the u.s.
that’ll be fantastic especially if
they’re offering Fiat for cat Fiat for
crept up Wow
I’m glad you tried that out I know you
gave us that insight there it’s it’s
unfortunate it’s not working right just
yet let’s let’s hope it does work right
pound that like button everyone I forgot
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weekend big one and I do a new show
every day people so you get the unique
information here Federigo tell us about
coins I touch inside your company there
tell us about that okay so yeah just
what is a company to try to from the
last year and our dependent position is
about make this simple for enterprises
to try a Bitcoin why because there is
some kind of demonstrate of people are
interested to do something with Bitcoin
because of VIP most of them they are not
really sure what but they want to do
and who’s gonna tend to be quite
complicated and if you are even for a
big company you’re not just going to
educate so you want to outsource or
profit so we provide services and
products to to make the iteration the
Bitcoin blockchain easier so most people
are looking for
that’s for service that there should be
online the beginning of CR and the idea
is yeah okay
Bitcoin she’s are quite high enough so
you we say between pregnancies not
really a great business right now but
first if for okay you want your company
you want to do something with Bitcoin
days if you do is doctor because it’s
but see when you do it and you feel like
you’re in here you you’re doing
something then for a value product and
services the fee is not too much issue
you’re paying something that is
worthless a thousand you or something
you even pay you a fee is not that is
pretty much with a credit card some time
and yeah okay we’re focusing on a
Bitcoin you rather than outcome because
for us this is a long-term project so we
make are now offering may have an
advantage and they are cheaper but the
parties under the very same sky with
problems of bitcoins but they are less
people working on scalability solution
so if there is one lucky and at which
scale it will be Bitcoin for any with us
then maybe the others will follow
copy that but then it is okay if you
want chip transaction just because just
because nobody’s using it yeah I’m not
God doing anything you’re not changing
the world
okay I never be cash injection are
virtually because the body is using it
it’s nothing special what people start
using it today with that progress and
same with like ones in all the others so
and also to achieve cheap transaction if
you if you keep like a in cuisine to
gain a chain you
transaction but you can’t ship the
decentralisation sober good which is
what the very reason why we are doing
all of this Emmy about this very
complicated technology so you’re really
missing the point and at some point
people who realize that you don’t need a
plug-in clever very cheap transaction so
if you’re using Bitcoin is this is
because you wanted you want some kind of
privacy censorship resistant you are in
control of your money and of your
transaction today is either Bitcoin was
even scary and everybody will use
Bitcoin for forever
second option become will be used on for
any transaction and so yeah these very
rich people that make a lot of money of
what would become adapted so they may
want to spend this Bitcoin at some point
because we’re expecting the price to go
to the moon but eventually we will have
to do it because we will run out the
viewers so will happen and at that point
we prefer to spend at the corner instead
of exchanging them for tourism first it
is easier you don’t have to change video
Westar and second also for privacy
because the exchange at your ready car
knows everything about you
the merchants the maybe it probably most
of the time and doesn’t know anything
about you so you make you are able to
spend your Bitcoin still keeping most of
your privacy for sure you’re cheap much
better private spending between there so
in the future I’m setting be a big
either with scalability of shape or
cheap payment or maybe for just for big
expensive stuff even if that means okay
we very still a lot of the 92
to use this technology because it is
even just a store of anything he’s a big
if space so and also you have the new
translation lipsticks that they smell
scandal so you can that easily inference
that on the blockchain and it’s
something it’s very useful too for
security reasons so you have these two
use cases that they were star value and
definitely inertia and it’s already
enough for other purposes but something
to for serviced propose to enterprise
would be and if the finance if the
minimum of strange thing goes because
well which is something that I expect on
this it may take some time because it’s
very complex but we are there’s not
people working on which constitute that
and in the case we have three big lose
cases and a lot of people that want to
traffic Bitcoin and nobody really
understand it so as a company I work on
your position is to try to make it easy
for everyone to use it to track the
complexity since that though okay you
delegate some of the trust class because
but most enterprises are used to do that
it’s not like when you’re talking with
companies it you can control
relationships you can track it is less
an issue the main thing is to make to
achieve your goal it is which is
providing different services to your
customer at the lowest possible cost and
they’re right now anyway we are in
company with 3,500 is already accepting
Bitcoin using our platform so if you
come from you can pay a tax you can book
a taxi ride with business are ready to
get all right rocks are wrong taxis yes
you’re it’s a class
okay it’s this is it’s very interesting
to see that different what’s going on in
cryptocurrency in South America and
Europe and in North it’s very different
stuff here is palnet like button people
all right we’re gonna we’re gonna wrap
things up here now we’re going to
Gabriel Gabriel give any closing
thoughts you wanted to add anything
about the government is making is more
friendly towards Bitcoin now I know we
were talking about that before the show
any anything you wanted to add yes sure
Adam the thing is I have been asked as a
CEO of monkey coin by the government
i’ve been called upon to help to redact
the law for the Venezuelan people
towards cryptocurrency this means that
they are asking the input of not only me
but many other persons involved in the
crypto sphere in Venezuela they are
asking us to help redact the law to make
it beneficial for the people the first
place second place beneficial for the
companies that are working with kryptos
and furthermore ok because the
Venezuelan government is really really
really in a bad situation now financial
wise because there have been some
sanctions applied by the banks of the
West worm world okay are they frozen
many accounts and the Venezuelan
government is in some kind of trouble to
pay their bills because simply the
banksters from the United States and all
over the world they just won’t let them
use their money the mess now and I think
personally the crypto can be one of the
best choices for them to to get out of
that hole where they cannot use their
fear okay they’ve been imposed not to
use it and I am very happy to share with
this with you guys that there is a big
movement going on and the government is
open to crypto and open to learn and to
help this grow okay they’re not chasing
on people they’re not putting people in
jail anymore unless of course you’re
doing things in a bad way they will put
you in jail if you do things
right way they want okay so that’s one
of my final thoughts if I can be allowed
to say something else I would like to
share on why why are we including this
new coin into monkey coin it’s only it’s
only five months old
okay why I chose it because it had a
voting system it has a voting system
that seemed very very new very nice to
me and people have the ability to vote
and decide how is this community of
smartcash gonna go going to adapt and so
if you want to make a proposal to help
this community in particular you can
join the community and you can make your
proposal and you can get spark cash for
making your proposal go to life okay and
also we are working very hard on mass
adoption in Venezuela
okay we’re we’re we’re working with
people that have stores and have places
and they buy and sell things physically
and we go to their stores and we explain
them so every day every day more and
more people are getting into crypto in
Venezuela I think in the next few six
months one year we’re gonna be an
amazing we’re gonna have an amazing
growth of cryptocurrency usage learning
and understanding of all of this in
Venezuela and I must say since we are
the the worst country feared wise and
we’re having the biggest hyperinflation
in the world for the moment I think what
happens here in Venezuela is it’s Ensign
and an advice of what’s going to happen
in the rest of the world because
hyperinflation Fiat went kaput here so
we’re gonna try to fix this with
cryptocurrency helping everyone I’m I’m
gonna be here supporting all the crypto
people in Venezuela and this community
is only gonna grow bigger stronger and
better than ever
all right all right that’s a positive
note right there and we wish you luck in
path hopefully some of us will make it
down there someday soon Andy your your
mahjong yes I will one day one when it’s
when I’m 70 and Andy – yeah and Federico
I would love to come down all right and
you’re closing your thoughts closing
remarks anything you want to add okay
yeah I’m gonna that was positive I never
take it up a notch okay
people need to realize what is what has
just happened here what has happened in
the past month is is unprecedented in
monetary history I mean we are we have
experienced the changeover from this new
technology that people in our community
hoped could make a dramatic change in
the world to the point where it’s about
to do it and it’s no longer gonna be
this is the future the future is now
2018 you know it’s like everyone on this
call of us talking here and the people
listening are in our little Bitcoin
cryptocurrency bubble we spend a lot of
time focusing on it and we’ve had the
trials and tribulations this year it’s
been a lot more positive than negative
but we don’t realize that the whole
world has no idea what Bitcoin is they
are just starting to see and not just
the price they are starting to
understand they’re starting to think
about it and they’re starting to realize
that this is a big game changer for the
world so I think that what we’re
experiencing in our little bubble world
over here the people watch these kind of
shows the whole world is going to start
to experience next year and this is if I
mean I think if this was parabolic it’s
gonna be nothing because by the end of
2018 we won’t even remember the end of
2017 is because it is because there’ll
be so much interest in this so much
realization that cryptocurrency not only
is the greatest investment ever but it
can actually save the world I mean I
have been negative for so many years
I’ve never been more positive about the
world because of this and you know 2018
is gonna start big I’ll just end with a
tweet that I put out today that’ll just
summarize how I feel it’s gotten a lot
of likes hopefully it gets a lot more
but in this weekend and it’s it
basically is this the old men that have
run the world for centuries with fiat
currency want power the young men and
women that will take over the world with
just want freedom and that’s exactly
what they’ll get
beautiful beautiful positively we’re
taking it to a positive level it is not
it’s the opposite of fun Friday
right on all right fit Federico I’m
gonna you are a very special guest first
time you want to add or we sign off here
yeah but it’s something like I would
like to say about this one thing that
people say about the the international
trip between the government and big car
so the people he has to last me about
maybe the government with Barney to what
I think is a companies quite the
opposite I mean the government as an
institution many other interest to try
to fight Bitcoin because it takes away
some power from the government but if
you think about it the people working in
a government and people work in the
garment the army was the mean it became
Austin then everyone has more than a
statue because they are demanded a
Squatch money because they they easily
get corrupted they easily get more money
than the shoe so they are the one that
needs the financial privacy more than
anymore so when they are less that they
they will probably try to love they will
not support any government attempt to
try to find it go so I can see even as
an issue I mean I’m not worried in
general because everything is you can do
much anymore even as a government to
stop it going
you cannot did you it will be like very
bad for a few years if you do like a
very well you will survive but I think
that right now that people in the gone
will start to realize that it’s quite
good to have something under there
on the personal level so probably I’m
not expecting like any major government
to try to really stop anything we say
but they will not truly act because
people in the government in Department
they the world as it is very very good
all right I agree I think they’re I
think they’re big talkers I think they
talk a big game but the action even if
they tried to act they could not act I
don’t think they’re gonna act I will see
you know it’ll vary from in oh very from
country to country but right now I doubt
many of them understand it and they’re
just talking a big game we’ll see what
happens all right everyone well we have
reached the end of the show I thank you
guests from coming from all over the
world we were representing four
continents today that’s that’s a record
I think so everyone again we’re on every
Friday here Andy and I are on the world
crypto Network also you can catch our
podcast there I’m going to have a show
on their Channel real soon I got to talk
to vortex about that this weekend
there’s a little sneak peak for all you
people so i’m adam meister the
bitcoinmeister the disrupt meister
remember to subscribe this channel like
this video show you do check out the new
section below thank you again my guest
your awesome town that like button
viewers everyone have a great weekend
bye bye


  1. I think as the crypto vloggers mature they will learn to get to the point. Do 6 minute segments for those of us who work for a living or have a life. Sure it is great for those living in their mothers basement and can watch hour long viedos.

    If you continue these hour plus viedos it is obvious you are not targeting professional people. Which is sad because you have some good info. I just can't waste my life waiting for the good nuggets.


  2. The lightning network will put Bitcoin on the map for low fee and micro transactions… When it's ready… None other will compete!!

  3. USE SEGWIT ADDRESSES!!! We have 4mb blocks right now and instead of making use of it, everybody just keeps complaining about fees.

  4. Adam, I love the always positive atmosphere!! When you and Andy get together, itโ€™s double positive!! The world is going to be changing in a great way!!

  5. Awesome show Adam. I couldnt believe my ears with Gabriel's Venezuelan testimony! Andy Hoffman always a stellar guest.

  6. HA HA HA!!! SegwitCoin shill, BitcoinMeister, must have hated this guy talking about Bitcoin Cash! HA HA HA HA, fuck you, Adam!!! LOL

  7. There is a huge storm called hyper-inflation, some countries are in it but all are in its' path. Like a hurricane. The only protection is crytpos. Damn, I can see where this is headed. Board up your windows, prepare now so you are not caught in a tsunami.

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