Hello everyone this is adam meister the bitcoinmeister the disrupt meister
welcome to the one bitcoin show today is September the 20th 2018 strong hands
long term thinking on cop to skateable okay you are watching this at night I'm
on a plane to Santiago Chile you'll see me on Santiago Chile soon this is the
last show in Baltimore until Thanksgiving in November so check out
the links below disrupt meister comm get your t-shirts trays or all sorts of
affiliate links or link to below let's start off here with an example of a
company bit main that didn't value their wealth and bitcoin oh they were valuing
their wealth and be cash and well this is what happens this is a tweet from who
excel ian what's what's his real name anyway um this article heil he's been on
the show before this article highlights bit mains compounded woes of being
overextended in crypto assets and mining inventory but the root problem is still
that they went all in on fool's gold during a gold rush accepting fulls
fool's gold for payment and selling off gold for fool's gold so yeah he's saying
how la they accepted bit mein except to be cash and then sold be cash so big
coin for be cash and it's not looking good on their financial statements right
now hey you check that samson mouth couldn't think of his name there that
tweeted that out those are samson mouths words so check
out that link it's linked to below disrupt meister to come all my old
videos yesterday so speaking of chips chip makers chip competition is good
bitfury has a new chip and they have like a preview video of the chip it's
pretty cool but it's an interesting video so i link to it you could check it
out learn more about that you know mining competition all that is is great
competition is a great thing people re and there is competition in bitcoin
there will be other chip makers in the future it's not you know everybody
thought bit main was gonna dominate them was the do you know the big giant
gorilla that would never go away and you know now they have their problems to biz
they not everyone's perfect you make mistakes they didn't value their wealth
and bitcoin value one bitcoin equals one bitcoin people all right bit main should
have known that but they got into that be casting bitcoin punishes the
impulsive bitcoin punishes the 80 percenters all right now speaking about
impulsive people and 80 percenters well they they're the people who are not
pounding that like button so pound that like button people as i almost forgot to
say that but a meat town money i talked about him yesterday in yesterday's video
and i link to his video which talks about the $1500 iphone coming out and
all people everyone wanting to get the dopamine hit it's you know because the
the latest and greatest thing a lot of 80 percenters out there are addicted to
the the hit the dopamine hit of getting that new thing it's just like drugs
unfortunately and what i pointed out yesterday and i'm gonna elaborate on a
little bit more is that there's so many people out there willing they want to
get that dopamine hit up the latest gadget spend $1500 on the latest gadget
that goes down and value immediately they'd be so much better off getting
boring bitcoin for fifteen hundred dollars
because it's no it's not breaking you know your iphone can break immediately
and you can be injured it can be it could be worthless quite quite fast and
and you can't be rehabilitated you know the price again you got a value of your
wealth and bitcoin first of all but if you're valuing your wealth and fiat you
can go down if you go up whatever and in the long run you know baby 20 20 having
strong hand but let's go talk about the dopamine hit of having the latest
greatest thing it justifies that high price
suggest that you get you say well no it's awesome I have the greatest thing
it makes you feel so happy inside and again it's like it's fleeting just like
with drugs and you need more and more of it you need more and more drugs to keep
that dopamine hate going to keep to get that same feeling so in society in this
throwaway society that we live in you always need more and more gadgets
and you get addicted to getting the late latest gadget and if you keep on buying
all these gadgets of course you're not gonna have any
money to get Bitcoin and it's it's the upgrade cycle you get stuck in this
upgrade cycle with these you just get caught up in it but you think you need
you don't need the iPhone you don't need the ladies I know it makes you feel
happy but it's it's the upgrade cycle and you gotta break that cycle now in
the land of Bitcoin there is no upgrade you just get bit you buy Bitcoin that's
it you're satisfied you're happy but 80 percenters are used to the throwaway
society they just you know you get something new you eventually you just
throw it away then you get another new thing and they they've sat and it gives
them a satisfaction they're just they're fine with things going down and value
right away as long as they could say they have the latest and greatest thing
but what what but the point I am getting at here and they can you know grant
stands here for their friends and everything but the 80% mentality is that
they have to get the bit if they get into crypto they need the Bitcoin
upgrade they need the Bitcoin upgrade and that is the alt corner the ICO just
like they have to have the newest car model these these type of people they
need to have the they know what the boring they don't want the boring old
Bitcoin they need a flashy Tron the latest thing and it you know they get a
dopamine hit so there are so there are some people in the space that rag on
Bitcoin and say it's a boring old thing these they are caught up in the upgrade
cycle and they think they're getting an upgrade to Bitcoin and though with
Bitcoin there is no upgrade there's no upgrade you just get it and
you got you can't be stuck in that you can't be a long-term holder of Bitcoin
and be a person who's also stuck in the the upgrade cycle because you're not
gonna be able to hold on to that Bitcoin you're gonna be like oh that I'm gonna
just trade my Bitcoin in for that new flashy thing that's worth a lot more now
so I mean this this is another way the whole upgrade cycle the dopamine hit of
getting the latest and greatest new thing you can apply it to all coins and
icos and recants that just can't be satisfied and can't just end it and
think no there is no upgrade this is the best thing I appreciate that it's not
gonna depreciate in value okay and that that is Bitcoin it's just another - and
again check out midtown money's a video he didn't talk about well he actually
mentioned crypto saying it you're better you it's there you shouldn't get
something that goes down about like I thought you should get you to make an
investment again people do not the people who are caught in the upgrade
cycle they don't know about investments they know about dopamine hits okay so uh
but yeah you you watch this video I think it's inspirational you might be
able to draw some more parallels between his video and Bitcoin okay so we got
Bram Cohen has a tweet that says and now the Bitcoin has been invented everybody
thinks the way to improve on it is the go back to approaches which didn't work
before and again that that's a that's that's funny it reminds me of ripple you
know everyone's trying to be the next Bitcoin create an another a better
Vikrant upgrade a Bitcoin and some people they're they're they're thinking
so little that they're just going to use things that already but centralization
which has already failed that they they're they're gonna go to that to make
their better Bitcoin it's funny everybody thinks the way to improve on
it is to go back to the approaches which didn't work before
that's how blind the people are in the upgrade society that they think they're
buying an upgrade and I even realizing that the approach that that is
supposedly making this upgrade coin didn't even work before all right Aaron
speaking of huh speaking of trying to be the next thing trying to be
upgrades errand van Reardon's latest article battle of privacy coins verge
awful offers little privacy and nothing unique it probably won't surprise you
but verge is hardly even a privacy coin at all he says however ring CT
transactions have actually not yet been implemented at this point in time as
such verge users can only make regular transactions I probably shouldn't said
however at the beginning of that die I took that from the article I linked to
the article below check out the article verge users can only make regular
transactions currently so it's not even a privacy coin now I guess but again
that there's your hype cycle there you bought verge you thought it was gonna be
an upgrade to Bitcoin your that you want the latest and greatest thing you want
to be able to say I'm not into that grandfather old style Bitcoin I'm in
diverge I got the I got the hottest new car out there it's Virg that's so hot
alright long-term thinking people town that freaking like button alright Arjun
has a tweet well this is great most most crypto index funds are diversified
across arguably worse fundamentals higher volatility lower liquidity and
high correlations so again why do people I do these even exist why do people want
to just give their precious Bitcoin over to people who are gonna say yeah I'm
gonna download it you're gonna get a certain percentage of this coin and this
coin at this point is sure it's your traditional index fund well some people
are just they need the unnecessary complexity of having an index fund of
all these alt coins to make them feel like you know that it's they're doing
something that they're that they that it's just you know they can't accept
that sometimes the simple answer just holding the Bitcoin is the best thing or
they're used to traditional models you know where they've they've invested
they've been diversified in other other financial instruments before or they
they don't trust themselves and most of these people don't trust themselves to
make a decision and again personal responsibility is the new counterculture
in the end of the day they don't want to be like oh I failed I created I only
Bitcoin or I only bought like what I did I bought XML like when I and I thought
so I'm gonna let somebody else do it for me this traditional index fund it's
diversification for the sake of diversification and again origins tweet
just shows you it's not even worth it what's the point that there there is no
point to it say if you're gonna get an index fund of all coins just get the
real thing you can't beat the real thing is big coin okay again you can follow me
on twitter at tech pulp to EC HB alt disrupt meister comm is my all my
archives on my old shows hey spit let's talk real quick about my buddy
UK bitcoin mastering he's got a deal i've a tweet at post out there and by
the way you're gonna be able watch this video on d live before you watch it on
youtube the one on video i'm you're watching right now was on d live before
youtube but anyway he breaks down how in very layman's term it really good how he
messed up with his be rhodium claiming and i think it's good I think it's good
from for new people to see like yeah you know even a content creator he goes
through this is what I did wrong so people know that you know it's complex
you got to be careful out there so he he goes over and and I linked her below and
his uh the the mistakes he made trying to claim be rhodium and yeah it was it
they're worse you had to be very careful in your Tresor and what you were doing
but he didn't lose any Bitcoin but he didn't get he's not gonna be able to get
to be rhodium he thought he was gonna be able to get alright so again with with
airdrops you got take your time and you're gonna be able learn for future
air drops of Bitcoin fruits your crypto dividend air drops of Bitcoin how to do
it and so watch this video it's linked to below well finally whale Panda has an
article talking about the Battle of this the social justice warriors that are
coming into the crypto space we already have so many here crypto Twitter's
hateful underbelly and sjw's is called we already have so many frauds and
scammers in this space the last thing we really need is more sjw's disclaimer
rich white male in my 30s who's happily married it has two beautiful babies I'm
sorry for oppressing you so I think that statements pretty funny I just just
shows you that in the Bitcoin overlay you can say whatever you want to and
sure let the sjw's come over here and try to make the crypto space a place
where you can't say anything where you're he just said what's what's on his
mind no we can stop him from saying I'm a rich white man he'll in my thirties
who's happily married so yeah it's an interesting article and I brought up
before how you know there are sjw's that are in the space hey let him come in let
it buy Bitcoin if they a lot of them have bought other coins and you know
they're gonna be coins for sjw's again bitcoins the real thing but hey let the
SVW is buy bitcoin only but it just makes it that more scarce and I welcome
that stage up use this I you know you can't stop me from saying what I'm gonna
say I and I'm gonna keep on saying what I'm gonna say so every everybody's
everybody's welcome into space but it's just he's calling attention to you know
they did their so on Twitter there's some sjw's in the in the crypto space
okay yeah and it's some funny stuff so okay that is it I am gonna get in a
plane pretty soon i'm adam meister the bitcoinmeister disrupt meister remember
subscribe sound like this video so check out the new section below pound that
like button click on the squares that you see here if you're watching this on
youtube i will see you later bye bye
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