So we've just received the D-Litter at the Queensland Police Service Dog Squad. We have two boys and a girl, Dali, Dooth and this is Doza. They're nine and ten weeks old. They've been with us for about three weeks. They're getting lots of cuddles and kisses and hopefully will become detection dogs. So the role of a drug detection dog is a happy one. It's a full-play reward-based. So they are searching for us in search warrants, different venues, different properties, field searches and they all do that for a big game at the end and play with their hand lugs. Come on! Come on! I don't know. So at the moment at this age, it's all about environmental for the Labradors. They are getting out into different environments, different spaces, smelling new things on different surfaces, slippery surfaces, different heights. And so just trying to make them as robust as possible so that when they're out searching that they don't come across anything that they find any issues with. So it's just spending time with them now as puppies, building their self-esteem. It's been a little while since the QPS has had Labrador puppies. So I think everyone at Brisbane Dog Squad is really enjoying having three beautiful little Labrador pups around the tracks of the environment. Let's go!


Welcome back everyone to Kube SuperCloud 22. I'm John Furrier, your host, got a great influencer, Cloud Arati segment with Sarbiet Joal, cloud influencer, cloud economist, cloud consultant, cloud advisor. Sarbiet, welcome back, Kube alumni. Good to see you. Thanks, John. Nice to be here. Now what's your title? Cloud consultant analyst. Consultant actually, yeah.  It's in stealth mode right now. We'll be out. Why just call your cloud guru, cloud influencer? You've been great. Friend of the Kube, really powerful on social. You share a lot of content. You're digging into all the trends. SuperCloud is a thing. It's getting a lot of traction. We introduced that concept last re-invent. We were riffing before that as we kind of were seeing the structural change that is now SuperCloud. It really is kind of the destination or outcome of what we're seeing with hybrid cloud as a steady state into the, what's now they call multi-cloud, which is kind of awkward. It feels like it's default, like multi-cloud, multi-vendor. But SuperCloud has much more of a comprehensive abstraction around it. What's your thoughts? As you said, as Dave said, he says that too, that the SuperCloud has that abstraction built into it. It's built on top of cloud, right? So it's being built on top of the CAPEX, which is being spent by likes of AWS and Azure and Google Cloud and many others, right? So it's leveraging that infrastructure and building software stack on top of that, which is a platform. I see that as a platform being built on top of infrastructure as code. It's another platform, which is not native to the cloud providers. So it's a kind of cross-cloud platform. That's what's here. VMware calls it that cross-cloud. I'm not a big fan of the name, but I get what they're saying. We had a segment on earlier with Adrian Kalkroff, Lori McVity, Chris Hoff, all part of the cloud already like us, ourselves and you've been involved in cloud from day one. I remember the OpenStack days, early cloud, AWS, when they started, we saw the trajectory and we saw the change and I think the OpenStack in those early days were tell signs because you saw the movement of API first but Amazon just grew so fast and then Azure now is catching up. Their CAPEX is so large that companies like Snowflake, like why should I build my own? I just sit on top of AWS, move fast on one native cloud, then figure it out. Seems to be one of the playbooks of the super cloud. Yeah, that is true and there are reasons behind that and I think number one reason is the skills gravity, what I call it. The developers and or operators are trained on sort of one set of APIs. And I would said that many times to out-compete your competition, you have to out-educate the market and we know which cloud has done that. We know what traditional vendor has done that in 90s it was Microsoft, they had VBS number one language and they were winning. So in the cloud era, it's AWS. They're marketing efforts, they go to market strategy, the micro nature of releasing the micro sort of features if you will, almost every week there's a new feature. So they have got it, you know? And other two are trying to mimic that and they're having little trouble like. Yeah, and I think GCP has been struggling on compared to the three. At native cloud on native as you're right, completely successful. Azure caught up and you see the Microsoft, I think is a great selling point around multiple clouds. And the question that's on the table here is, do you stay with a native cloud or you jump right to multicloud? Now multicloud by default is kind of what I see happening and we've been debating this love to get your thoughts because, you know, Microsoft has a huge install base. They've converted to Office 365. They even throw, you know, sequel databases in there to kind of give it a little extra bump on the earnings, but I've been super critical on their numbers. I think their shares are, there's over, clearly overstating their share in my opinion, compared to AWS as a native cloud, Azure though is catching up. So you have customers that are happy with Microsoft and they're going to run their apps on Azure. Yeah. So if a customer has Azure and Microsoft, that's technically multiple clouds. Yeah, true. And the strategy, it's just an outcome. Yeah, I see Microsoft cloud as, you know, friendly to the internal developers, you know, internal developers of enterprises, but AWS is a lot more ISV friendly, which is the software shops friendly, right? So that's what they do. They just build software and give it to somebody else. But if you're in-house developer and you have been a Microsoft shop for a long time, which enterprises haven't been that, right? So they have, Microsoft is well-entrenched into the enterprise, we know that, right? For a long time. Yeah, and the old joke was developers love code and just go with a lock-in and then ops people don't want lock-in because they want choice. Yeah. So you have the DevOps movement, it's been successful. Now you got DevSecOps. The real focus to me, I think, is the operating teams because the ops side is really, with the pressure is serving, I want to get your reaction because we're seeing kind of the script flip. DevOps worked, infrastructure as code has worked. We don't yet see security as code yet. And you have things like cloud native services, which is all developer goodness. So I think the developers are doing fine. Give them a thumbs up and open source is booming. So they're shifting left, CICD pipeline. It's issues around repo, monolithic repos, but devs are doing fine. It's the ops that are now have to level up because that seems to be a hotspot. What's your take? What's your reaction to that? Do you agree? And if you say you agree, why? Yeah, I think devs are doing fine because some of the devs are going into ops. Like the whole sort of movement behind DevOps sort of culture is that devs and ops is one team. The people who are building that application, they're also operating that as well. But that's very far and a few in enterprise space. We know that, right? Big companies like Google, Microsoft, Amazon, Twitter, those guys can do that. They're very tech savvy shops. But when it comes to, if you go down from there to the second tier of enterprises, they are having hard time with that. Once you create software, I've said that, I sound like a broken record here. So once you create software, a piece of software, you want to operate it. You're not always creating it, especially when it's in-house software development. It's not your core sort of competency to, you're not giving that software to somebody else. Or they're not multiple tenants of that software. You are the only user of that software as a company. So or maybe maximum of your employees and partners, right? But that's where it stops. So there are those differences. And when it comes to ops, we have to still differentiate the ops of the big companies, which are tech companies, pure tech companies, and ops of the traditional enterprise. And you're right. The ops of the traditional enterprise are having tough time to cope up with the changing nature of things. And because they have to run the old traditional stacks, whatever they happen to have SAP or financial whatnot, right? Thousands of applications, they have to run that. And they have to learn on top of that. New scripting languages to operate the new stack, if you will. So for ops teams, they have to spin up operating teams for every cloud specialized tooling. There's consequences to that. Yeah. There's economics involved, the process. If you are learning three cloud APIs, and most probably you will, you'll end up spending a lot more time and money on that. Number one, number two, there are a lot more problems which can arise from that, because of the differences in the API, how the APIs work. The worst is if you pick one primary cloud and then you're focused on that and most of your workloads are there, and then you go to the secondary cloud, number two or three on as-need basis, I think that's the right approach. Well, I want to get your take on something that I'm observing. And again, maybe this is because I'm old school, I've been around the IT block for a while. I'm serving the multi-vendor. Vendors kind of, as Dave calls the calisthenics, they're out in the market trying to push their wares and convince everyone to run their workloads on their infrastructure. Multi-cloud to me sounds like multi-vendor. And I think there might not be a problem yet today. So I want to get your reaction to my thoughts. I see the vendors pushing hard on multi-cloud because they don't have a native cloud. I mean, IBM ultimately will probably end up being a SaaS application on top of one of the CapEx hyperscales, some say. But I think the playbook today for customers is to stay on one native cloud, run cloud native hybrid, go in on one cloud and go fast. Then it gets success and then go multiple clouds versus having a multi-cloud set of services out of the gate. Because if you're VMware, you'd love to have cross-cloud abstraction layer, but that's lock-in too. So what's your lock-in? Success in the marketplace or vendor access? It's tricky actually. I've said that many times that you don't wake up in the morning and say like, we're going to do multi-cloud. Nobody does that by choice, right? So it falls into your lab because of mostly because of MNAs. And sometimes because of the price-to-performance ratio is better somewhere else for certain kind of workloads. That's like far and few, to be honest with you. That's what my read is, that being a developer and operator of many sort of systems, if you will. And the third tier is that the, which we talked about during the VM world, I think 2019, that you want vendor diversity. Just in case one vendor goes down or it's broken up by Fed or something and you want another vendor, maybe for price negotiation tactics or whatnot. That's an optimal mentality. Yeah, yeah. And that's true. They want choice. They want to get locked in. You want choice because, and also like things can go wrong with a provider. We know that we focus on top three cloud providers and we sort of assume that they will be there for the next 10 years or so at least. And what's also true is not everyone can do everything. Yeah, exactly. So you have to pick the provider based on all these sort of three sets of high level criteria, if you will. And I think the multi-cloud should be your last choice. Like you should not be giving up for that by default, but it should be by design, as Chuck said. Okay, so I need to ask you, what a super cloud in my opinion look like five, 10 years out? What's the outcome of a good super cloud structure? What's it look like? Where did it come from? How did it get there? What's your take? I think super cloud is getting born in the absence of having standards around cloud. That's what it is. Because we don't have standards, we long or we want the services at different cloud providers, right? Which have same APIs and there's less learning curve or almost zero learning curve for our developers and operators to learn that stuff. Snowflake is one example and VMware stack is available at different cloud providers. That's its infrastructure as a service example, if you will. And Snowflake is a sort of data warehouse example and they're going down the stack while they're trying to expand. So there are many examples like that, right? So it's, what was the question again? Is super cloud 10 years out? Yeah, 10 years out. What's it look like? What's the components? Yeah, I think the super cloud 10 years out will expand because we will expand the software stack faster than the hardware stack. And hardware stack will be expanding of course with the custom chips and all that. There was a huge event yesterday was happening from AWS Silicon day. And that's an eye-opening sort of movement and the whole sort of technology consumption, you know, I feel well. And they had the differentiation with the chips and their supply chain kind of hurting right now. We think it's going to be a forcing function for more cloud adoption. Because if you can't buy networking gear, you're going to go to the cloud. Yeah, so super cloud to me in 10 years it will be bigger, better in the likes of HashiCorp. Actually, I think we need likes of HashiCorp on the infrastructure as a service side. I think they will be part of the super cloud. They are kind of sitting on the side right now. Kind of a good render loss in transition kind of thing. It's like Kubernetes, we'll just close out here. We'll make a statement. Is Kubernetes a developer thing or an infrastructure thing? It's an ops thing.  It's ops thing. It's an ops thing. It's orchestration, it's under the hood. So you're in this infrastructure as a service integrating this super pass layers, Dave Vellante and Wikibon call it. Yeah, it's ops thing which actually, which enables developers to get that as a service.  And serverless is sort of rising as well. It was hot for a while. Now it's like a little state, but I think serverless will be better in next three to five years. Well, certainly the hyperscale is like AWS and Azure and others have had great capex and investments. They need to stay ahead. In your opinion, final question, how do they stay ahead? Cause AWS is not going to stand still, nor will Azure. They're peddling as fast as they can. Google's trying to figure out where they fit in. Are they going to be a real cloud or a software stack? Same with Oracle. You know, to me it's really, you got the big race now with AWS, Azure, Azure's nipping at their heels. Hyperscale, what do they need to do to differentiate going forward? I think they are in a limbo. They, on one side, they don't want to compete with their customers who are sitting on top of them, likes of Snowflake and others, right? And VMware as well. But at the same time, they have to, you know, keep expanding and keep innovating. And they are kind of, they are deciding, they're debating within themselves, like, should we compete with these guys? Should we launch similar sort of features and functionality, or should we keep it open? And what I have heard, as of now, that internally at AWS, especially, they are thinking about keeping it open and letting people sort of build. And you see them buying some, you know, the Cerner with Oracle that bought Cerner, Amazon bought a healthcare company. I think the likes of MongoDB, Snowflake Databricks are perfect examples of what we'll see, I think, on the AWS side. Azure, I'm not so sure. They like to have a little bit more control at the top of the stack with the SaaS, but I think Databricks has been so successful with open source. Snowflake a little bit more proprietary and closed than Databricks. They're doing well on top of it. And MongoDB has got great success. All of these things compete with a higher level services. So that advantage of those companies not having the CapEx investment and then going multiple clouds on other ecosystems, that's a path for customers. Stay one, go fast, get traction, then go. That's huge. Actually, the last sort of comment I wanna make is that, Dave also, and you also, you guys include this in the definition, SuperCloud, the likes of Capital One and Sorner sort of vendors, right? So they are verticals. They're Capital One is in this financial vertical and then Sorner, which Oracle Bar, they are in this healthcare vertical. And remember in the beginning of the cloud and when the cloud was just getting born, we used to say that we will have the community clouds, right, which will be serving different verticals. Specialty clouds. Specialty clouds, community clouds. And that is actually, that is happening now at very sort of small level, but I think it will start happening at a bigger level. You know, the Goldman Sachs and others are trying to build these services on the financial front, you know, risk management and whatnot. I think that will be built in parallel. What's interesting, which you're bringing up a great discussion, we were having discussions around these vertical clouds, like Goldman Sachs, Capital One, Liberty Mutual, they're going all in on one native cloud, then going to multiple clouds after. But then there's also the specialty clouds around, specialty clouds around functionality, app identity, data security. So you have multiple 3D dimensional clouds here. You can have a specialty cloud just on identity. Yeah. I mean, identity on Amazon is different than Azure, huge issue. Yeah, I think we have to, at some point, we have to distinguish these things which are being built on top of these infrastructures service in pass, which is platform service, which is very close to infrastructure service, like the lines are blurred. From, we have to distinguish these two things from these super clouds. Actually, what we are calling super cloud, maybe it will be a better term, better name, but we can't, we are all industry pundits, actually, including myself and you or everybody else. Like, we tend to mix these things up. I think we have to sort of separate these things a little bit to make sense of that. I think that's what this super past thing is about because you think about the next generation SaaS has to be solved by innovations of the infrastructure services, to your point, about Hashi Corp and others. So it's not as clear as infrastructure, platform, SaaS. There's going to be a lot of interplay between these levels of services. Yeah, we are in this flux kind of situation. A lot of developers are lost, a lot of operators are lost in this transition. And it's just like our economies right now, like I was reading CNBC today, there's not having a headline that people are having a hard time understanding what state the economy is in. So same is true with our technology economy. Like, we don't know what state we are in. It's kind of, it's in the transition phase right now. Well, we're definitely in a bad economy relative to the consumer market. We've, I've said on theCUBE publicly, Dave as well, I'm not as aggressive. I think the tech is still in a boom. I don't think there's a tech bubble at all. That's bursting, I think the digital transformation from post COVID is going to continue. And this is the first recession downturn where the hyperscalers have been in market delivering the economic value almost like they're pumping on all cylinders and going to the next level. Go back to 2008, Amazon Web Services, where were they? They were just emerging out. So the cloud economic impact has not been factored into the global GDP relationship. I think all the firms that are looking at GDP growth and tech spend as a correlation are completely missing the boat on the fact that, you know, cloud economics and digital transformation is a big part of the new economics. So, you know, refactoring business models. This has come continuing and it's just early days. Yeah, I have said that many times that that cloud works good in the bad economy and cloud works great in the good economy, right? You know why? Because there are different type of workloads in the good economy, a lot of experimentation in a way that solutions go into the cloud you can do experimentation that you have extra money now. But in the bad economy, you don't want to spend the capex because you have money. Money is expensive at that point. And then you want to leverage, you want to keep working and you don't need an option. I think inflation is a big factor too right now. Well, Sharpee, great to see you. Thanks for coming into our studio for our stage performance for SuperCloud 22. This is a pilot episode that we're going to get a consortium of experts, Clouderaati, like yourselves in the conversation to discuss what the architecture is, what is a taxonomy, what are the key building blocks and what things need to be in place for SuperCloud capability because it's clear that without standards, without de facto standards, we're at this tipping point where if it all comes together, not all one company can do everything. Customers want choice, but they also want to go fast too. So DevOps is working, it's going to the next level. We see this as SuperCloud. So thank you so much for your participation. Thanks for having me and I'm looking for to listen to the other sessions. We're going to take it on the internet. I'm John Furrier, stay tuned for more SuperCloud 22 coverage here at the Palo Alto studios in one minute.


So the Bitcoin show, your favorite show online and on every screen and device, everything that has a screen we're going to be on. So check us out on iTunes and OnlyOneTV.com and YouTube, we're all over the place. I'm Bruce Wagner. Many, many. And many, many. And today, first of all, today's episode is brought to you by our awesome, wonderful sponsors. I love the Bitcoin community. And the Bitcoin community includes BitcoinBonus, bitcoinbonus.com. All your online shopping, they give you kickbacks and Bitcoin. What could be better? And tradehill.com. Tradehill.com is the new, fastest, easiest, most convenient way to buy and sell Bitcoins online. Get a 10% discount for life on all your trades, if you use the referral code on your screen right there, TH-R141 and Mezzy Grill. Your authentic Mediterranean food tastes delicious. And they take Bitcoin. Mezzy Grill, M-E-Z-E, Grill.com. Check them out. And USGoldCoins.com, who is our hero, our money mentor, Andy Gauss, who, this is his company, USGoldCoins.com. Check them out. They're awesome. All right. So we're not just into Bitcoin, we're also into gold and silver rare coins. So today's episode, we're going to talk about what is a Bitcoin? Bitcoin for newbies is the topic. And joining Manny and I is Anthony Anderson, who's actually, you can see, I hope you can see well, he's actually broadcasting live from his car on the way to the airport. You're in Minneapolis, right? You're in Minneapolis? I'm headed towards the airport in Minneapolis and I'm flying to Los Angeles. So that's a whole other story. But we're going to, one of the 29 plus, maybe it's like 31 shows that we're going to be launching on only one TV is the Anthony Anderson show. He's going to talk about green living and sustainable agriculture and things. I don't even know, it just makes my head explode. But really, really cool stuff for your body and your health on the planet and all those good things. So, but Manny, I mean, but did I say Manny Anthony? Anthony is, so he's going to be in the Anthony Anderson show and that's coming soon on only one TV. But meanwhile, we're here to talk about Bitcoin for newbies today. And I want to talk about it in really, really simple terms. So we're going to have to lower our technical commentary so that we can really make it appeal to the masses. What is a Bitcoin? People ask me all the time in these interviews, what is a Bitcoin? How would you explain it? So let me start and then we'll bounce it back. Manny is a technical expert and Anthony is a semi-technical but more representative of the normal people who are just like, this is cool but it sounds really cool but what is it? Okay, I don't know if you can hear him, he's chopping up. But as you can see, he's on an iPhone and Skype video driving his car. So I assure you it's legal as long as you don't have it up to your ear, right? I hope. Anyway, so what is a Bitcoin? Bitcoin, I say on bitcoinme.com is the site that I created. It's kind of the Bitcoin for newbies site. The way I explain it is it's the future of money. It's kind of the gold standard of digital currency. It's not credit card like or cash, sorry, not credit card or PayPal like. It's cash like. What is, and I'll start by saying the five benefits of Bitcoin, if I can remember them all, in order off the top of my head, the benefits of Bitcoin are that is the world's first decentralized currency. So there's no issuing entity, there's no bank, there's no business corporation website or guy behind it. The government say, well, why do I care about that? The reason you care about that is every currency in the history of humankind, eventually somebody gets a hold of it and decides to start printing more. Whether it's Deutschmarks or US dollars, they just decide to print more. Of course, they're not actually printing them anymore. Now they just type zeros on their keyboard and magically there are more. So it's very convenient for the people who create the currency. But Bitcoin is unique because they can't print more. There will never be more than 21 million. But that doesn't mean there's a shortage because hand in hand with a limit of 21 million is that it's virtually infinitely divisible. Right now it's just divisible to eight decimal places. But there's no reason that that couldn't be extended. So we could actually be trading in millions of a Bitcoin or billions of a Bitcoin eventually as needed. So that's what makes it really beautiful, beautiful idea. So let's see, the world's first decentralized currency. It's not tied to the US dollar. It's got its own floating value based on the market of people buying and selling it. The transaction fees are virtually zero because there really are no transaction fees, they're just optional. So an optional fee to me, that's not even a donation to speed up the transaction. For the time being. Right, for the time being. It's not even necessary to put any kind of a fee on it at all. It's really a donation, not a fee. And then also it's irreversible. With PayPal, Mastercard Visa, every credit card known to man, the transaction can be reversed. In the case of Mastercard Visa and PayPal, six months later, the transaction can be reversed, completely screwing the merchant out of the money. It's absolutely unethical, it might be. And especially when the US alone, something like $45 billion a year is paid in fees just to credit cards. So it's absurd. And so a lot of people are really upset with the banks. Anyway, let's see, so it's zero transaction fees, decentralized, no fees, what are the other, it's nearly anonymous. It says anonymous as you want it to be. It's approximately as anonymous as cash. Obviously cash is traceable forensically, so is Bitcoin, but in different ways. So it's sort of anonymous, it can be made anonymous. A lot more than, I mean, it's the exact opposite of a bank, because that's completely tied to your identity. Another important aspect is that it prevents double spending, or does a really good job of attempting to do so. So if you spend one Bitcoin today on groceries, you can't spend it tomorrow on gasoline. So once it's spent, it's always been spent. And that's a very important aspect because for something like MP3s, you can make infinite copies and you'll always have, it won't matter. But with Bitcoin, if you make a copy, you're basically making it useless by creating more out of the same entity. That's an interesting thought too, that I wonder if it could be used for intellectual property in the future. But anyway, that's kind of under the hood. But it's really, really important aspect of the technology and how it works because obviously if you have a currency that you can spend twice, it's useless. So yeah, that's part of the fundamental nature of Bitcoin that, you know, obviously it really is, it acts as if it is an actual coin that you can only spend once. And only one person can own it and they can only spend it once. Sort of like digital gold. It has a lot of the same properties pretty much. Digital gold, except it's better because, of course, it's digital, first of all. And secondly, it's divisible. Like you can have gold and you can divide it down so far until it's like, the form factor is not convenient. The form factor is perfect because if you click it and you can send a millionth of a Bitcoin or a million Bitcoins, you know, with the same click. But it's divisible to any decimal place which you can't conveniently do with gold. Yeah, that's another example. And slice it and dice it. Are there any other things that I can add? Yes, a very, very, very important part of Bitcoin is that its supply is limited. You did touch up on that. That's only 21 million. But it's fixed right now at about 50 Bitcoins every 10 minutes I created, you know, through a process called mining. We won't get into it, but sort of the same idea as mining for gold where you have to put in actual work. But instead of putting in work of, you know, slaves in Africa, you're putting work for computer computational power. Right. So it's sort of the same concept. Exactly. So the net result for the user is that it's a predicted curve. Everybody knows, everybody on earth knows the exact, almost exact curve of how many Bitcoins are created and when. And they can even estimate down to the approximate date of when we'll reach, almost reach 21 million, and then there will be more. So based on that, the economy can thrive knowing that the, you know, how many will will exist. So in spite of the fact that new Bitcoins are being created every 10 minutes approximately, the value overall is going up dramatically. It just goes up and up and up.  It'll drop and then go back up to 20% of what it peaked. Usually it happens that there's a big peak and it drops about, they maybe, you know, drops a certain amount and then it goes back up about 60% to what it peaked and then it keeps on going up. So if you panic when it's going down and sell, you will definitely be selling at the low. And if you get all excited when it's going up and up and up and then you buy, you're definitely going to buy at the high. But overall, even people who do that, from my experience, what's been happening is people that always buy it when it's high and always buy it, sell it when it's low, they still end up doubling their money because over time it's just, it's going up and down, up and down, up and down on its way up.  Like in the title sequence on our show, how the thing goes, yeah, it goes up and down on its way straight up. Yeah, that's another problem right now that I guess doesn't make it very user-friendly is how liquid it is because the demand has a direct relationship with the value.  And when you see people sell, since the market's still very little, you'll see a direct relationship with value on that again. So until a couple more years where there's more Bitcoins in circulation or until there's that 21 million, I think it's going to be pretty volatile. Yeah, it's volatile because so many people are speculating. They're buying it. It's kind of like the Gold Rush days. So Anthony, you've heard me talking about Bitcoins since I discovered it. He's one of my best friends in life. So you've heard me rant and rave, Bitcoin, Bitcoin, Bitcoin. There are a comedy team back there. They were mocking everybody. They were like imitating everybody in the whole office. And they were imitating me. Joshua was like, Bitcoin, Bitcoin, Bitcoin, Bitcoin, not that it's Bitcoin, it's really all Bitcoin. But what do you say, what's your take on it now, now that we're like six months ago, you learned about it? It is so much deeper than what I ever even expected. What at first kind of sounded like, you know, maybe almost like a stock or something. It's like the idea of this wealth creation and how we value it now and how it's gone up. And you were telling me to get it when it was like 40 cents. And I was like, yeah, well, you know, and I'm just like, this is, but this is so much deeper because of, you know, with the way the economy is structured now and how it's like Bitcoin is really the, it's like the agile mammal compared to the dinosaur. And it can just, it's just, it's so much deeper than I think people even realize. And just to see how I'm really in awe of all this. Right, yeah. I mean, I think it was about 20 cents or something like that when we first learned about it. And I remember, yeah, I told you about it, of course, right away. And then I remember, I remember clearly the morning when it went to Mt. Gox, it went to 50 cents because I was so excited that Ed had to go. He had like a dentist appointment or something.  It's doubled, it's doubled. Oh my God. And everybody's money has doubled. And I was like, sell, sell, sell, sell. And I did sell some. But, and then yeah, I was in the dog house for like weeks because I mean, a couple of days later, Ed bought back all the ones I sold for 50 cents. Like two, three days later, he bought them all back at 77, 78 cents, you know, that was not good. But actually a lot of people have stories like that. Like, you know, they bought it at a dollar when it hit $2, they sold them. Actually, I met somebody the other day who said he bought it when it was half a cent. You know, it was like 0.6 cents of a sense. And I said, please tell me you bought a lot. And he says, oh yeah, I did. I bought like a thousand bitcoins.  And then he said, I said, oh, that's great. And then he said, yeah, but I got so excited when it reached a whole cent that I sold them all. I'm like, oh no. I want to talk to somebody, by the way. If you're in the audience and you bought bitcoins at a phenomenally low price, and you bought a bunch of bitcoins when they were half a cent, and you still have a lot of them, I want to talk to you, even if it's not on the air, I just want to talk to you privately. Because I want to hear a story like that. Okay, so write to me. Just send an email to bruceatonlyonetv.com. My number is published, as everybody knows. So are you selling everything and buying Bitcoin now, Anthony? Or what? Well, recently, just because of my life, I've been trying to get my living set up and I'm putting my money into this garden and all this. But now that that's finished, you have more freedom, some investing. But now I'm scared that it's so hot. Is it, I mean, what was it at now, 13, 14? I don't even know. Somebody in the chat room wanted to tell us what it is on Trade Hill right now. I think it was floating around there. Around, yeah. It's like, gosh, I'm so mad at myself for not getting it when it was 40 cents. What did you say about 40 cents? You broke up a little. I'm just so mad at myself for not getting it. And even it was a dog plur 40 cents or, you know. Now it makes me want to get for it. Because I feel like I'm getting ripped off, but. Mm-hmm. Well, no, I mean, that's the other thing that happens is people think they're getting ripped off because it's now so high. But the thing is that, you know, that's what they said when it hit 50 cents. That's what they said when it hit a dollar. That's what they said when it hit $2.  And it's not really, because it's $2 then and almost 20 bucks now. What's interesting is that people are using Bitcoin as an investment versus, you know, sort of using it as a currency. So I think that plays in its value as well. And then we just saw what happened with Mt. Gawks and it didn't even go under $10, you know, except for that one temporary moment which is still unclear what exactly happened. Yeah, the flash crash. But it really didn't go below. I don't know what the lowest it went to on Trade Hill. Yeah, so if it's stable at around $10 or more, I think that's phenomenal, especially when less than a year goes worth, you know, pennies. Exactly. So it's just insane. And I think if it stabilizes something around this, even for a few weeks or a couple of months, it'll encourage people to actually transact in Bitcoins. It'll encourage merchants, you know, to accept Bitcoins where, you know, a lot of the volatility, I'm sorry. Volatility. Yeah. Comes into play. Yeah, you know, people who even old timers sort of in the Bitcoin world, forget that there was an exchange site before Mt. Gox that in Russia, they was set up and they opened up for business and they'd got lots and lots of money in and the guy ended up just shutting it down and running with all the money. And of course, like I say, Bitcoin survived that. Bitcoin has obviously survived this trouble with Mt. Gox. Mt. Gox, like somebody said, 90% of the buying and selling online has been through Mt. Gox. But now we have Trade Hill and so on, but there are more and more exchanges are popping up and everybody knows that. Yeah, and that's good because it encourages competition between exchanges and we're not essentially putting all of our eggs in one basket. Exactly. It's good to have multiple exchanges, not only for competition, but if one exchange does go down, it won't affect market price or it won't affect, you know, users who are using Bitcoin every day. Exactly. Yeah, I mean, it's pretty resilient. The fact that it was at, what was it like 1750 when Mt, right before the flash crash on Mt. Gox, I think it was about 1750. That's what Kevin Day said. I don't really watch the price. People ask me what the price is every second, but I don't know. I watch it occasionally, but I'm not obsessed with it. But I think it was 1750. And then, and now, was it like 13 or 15 on Trade Hill today, something like that? That's not much of a, that's really not much of a dip when you think about it.  It kind of like has leveled off a little bit, but it really didn't go down much for considering the fact that the exchange that handles 90% of the traffic went down. And someone in the chat room is asking, me, what do I expect it to reach after Mt. Gox comes back up? I think it's just gonna keep going up, personally. I think that, you know, I had originally said it would be $100 by the end of June. That might be stunted a little bit. Maybe it'll be $100 by the end of July. I may have to revise that estimate. But I do think it's gonna go up to, you know, 30, 50, and 100, probably by the end of July. What do you think? I don't like to speculate, but I will say that, you know, given the events, maybe people, just for a couple of weeks, you know, might be a little more hesitant to trade or it might delay their trading because they wanna figure out how exactly they could secure their funds. You know, we have to remember these wallet files are now worth a lot of money. So, you know, that might factor into how people trade. But, you know, I think within a few weeks it might start going up again. I think it'll probably stabilize around 20 bucks for a little bit. And I have to give the disclaimer that we don't give financial advice and we don't say bye-bye-bye like the guys in the forum do. I don't tell people to buy or sell. I have my own opinion and in my guess as to what the value will be is completely pulled at a thin air. It's not really based on anything at all. It's just based on my guess, based on the past performance. But of course, past performance is not necessarily an indicator of future. Yeah, a big aspect of Bitcoin too is faith. Like, if you look at the community, you could just see how much faith the community has in Bitcoin. That's right.  So I'm on that team. I hope that one day it could revolutionize the way that we use money every day. So I wanted to succeed because of that and I'm sure there's many others like me in that sense, especially in the third world. Bitcoin is just not in the United States. It's all over the world. There's many other countries in the world that need Bitcoin more than they do over here in the United States. Although, here in the United States, it is needed pretty badly. Right. That's one of the biggest issues. Well, one is obviously liquidity, like you touched on. People need to be able to get it in and out of not only merchandise and shopping and all that, which is absolutely important, but maybe even more important is to be able to get it in and out of cash. They need to be able to put cash into Bitcoin and get cash right back out of Bitcoin as easy as anything. That's interesting that you bring that up. I didn't read the article, but I sort of glanced at it. The CEO of Dualla. He recently, I forget which publication, but he started talking about, well, they call it virtual currency. I don't like to call it virtual currency because that makes it seem like it's imaginary, but digital currency. And Dualla plays a very big role in facilitating money from US dollars to Bitcoins. And they play a very large role in that, especially through Mt. Gox and Trade Hill, I imagine. So he had some thoughts on that. And I think that a service like that or any service like that, or just facilitating in and out of Bitcoin from US dollars will make it much more viable in the future. If Dualla nails it in the head with their new feature that they're coming out, the FISYNC or whatever, where you can do that instantly. So instead of waiting four or five days, you just wait a day or two, I think that will drive the value of Bitcoin up just because it makes it so much easier for a layman to use. So the founder of Dualla spoke about Bitcoin? I'm not sure about Bitcoin specifically, but digital currencies. We got to get him on here as a guest. So if you're watching, call me. We want to talk with you. We want to talk with Dualla and how Bitcoin has changed Dualla because I know that there's got to be a massive number of people using Dualla. He said in the article that every single day he's asked about virtual currency. And Bitcoin is, it's kind of like Ubuntu is to Linux as Bitcoin is to virtual currency. It seems like 99% of the installs of Linux is Ubuntu. But Bitcoin really I think is kind of like becoming, if it's not already the gold standard digital currency, okay. So let's see, so liquidity is one of the big problems that issues or concerns that people are, everyone's trying to come up with ways to solve that. And the next one that's just as urgent, if not more so, is security as you mentioned. I know that a lot of groups are working on new Bitcoin clients that will actually have the wallet file encrypted from its inception and backed up in the cloud, but with separate keys and things. Oh, okay, yeah. I know Gavin was planning on encrypting every individual transaction, every individual key in the wallet file. This way, because if you encrypt the whole wallet file and then you load it into memory, it's compromised in memory because it has to be decrypted memory, so it could be usable. So they're going that approach and I think that's pretty awesome that. And I'm sure there's the Bitcoin community, that's a lot of smart people, so I'm sure they'll vent something to supplement that as well. These problems will be solved soon, but in the meantime, as soon as we're done with this show today, what Manny and I are doing, and Chris, we're gonna work on a how-to video that's gonna document what to do right now today because people have money in Bitcoin and some people have serious money in Bitcoin already and you need a way to back it up securely on your own, trusting nobody but yourself. And so we're gonna create a how-to do-it-yourself video and put it together. And what I'm gonna do is we're gonna write out the recipe and have some experts approve that it's accurate. Then we're gonna create the whole video showing you exactly how to do it. So there'll be a video that you can watch and do it yourself at home. And when the video's finished, I'm gonna have some experts review the video again to make sure it's perfect. And then we're gonna publish it and put it out here on OnlyOneTV.com so that you can back up your own Bitcoin, whether it's your life savings or a month's income or whatever, you can actually back it up and secure it yourself. You don't have to trust any of these cloud-based services because, you know, let's face it, I mean, you're trusting somebody that you don't really know and all of them are new. I mean, Bitcoin is brand new, so... It is a problem with that, with the whole Mt. Goxbridge, a lot of myBitcoin.com users were compromised as well, because they used the same username and password for myBitcoin.com. So, you know, I've never... Well, I haven't used it, but I don't keep anything on myBitcoin.com. Not because I don't trust them, but because I trust myself more. Exactly, it's not that we don't trust them, it's that we trust ourselves more. One of the things that I'm asked all the time and someone's asking in the chat room is what is Bitcoin backed by? Because, you know, we're so brainwashed to think that currencies should be backed by precious metals like gold. And some people actually think that currencies are backed by gold, which they're not. None of them are currencies are. That's funny. At my work, I was explaining Bitcoin to a co-worker who used to deal with forex exchanges. So, you know, he sort of read about Bitcoin, like, back when it was like only pennies. I was like, what? You didn't buy? He was like, no, you know, I didn't understand it, so I sort of let it go. But I was explaining to it, and then, you know, somebody overheard, and they were saying, oh, you know, but we're backed by gold and stuff. I was like, you know, that's actually pretty false, you know? It's totally false. Yeah, we're based on a fractional reserve, central banking system. So, the problem with our current economic system, which I'm actually doing research on is I'm trying to do something else. But basically what happens is we're creating money out of debt, and we're using money as debt. Exactly. And on top of this, where, you know, the sole purpose of the central bank, which over here in the United States is the Federal Reserve, the whole purpose is to buy, you know, government-issued bonds, and then they're the ones that borrow to other banks at, you know, artificially set interest rates. And this, and the large scheme of things, of what it does, it devalues the dollar for the person that's using it, and it does that through inflation and how they create the money. So, I think Bitcoin is so radically new to so many people because if you go online, you'll see a lot of economists saying why Bitcoin is bad, and some of the reasons they'll say, oh, it's because it's not issued by anybody, you know? But Bitcoin is, it gains value by the same reason the American dollar gains value, and that's through faith. We have faith that others are gonna accept it as currency. We have faith that people are gonna use it for goods and services, and we have faith, especially for all the investors and speculators, that people will exchange it for US dollars. The big leg up that, you know, fiat currencies like the American dollar have is that they're mandated by government to be accepted as legal tender. Bitcoin does not have that.  It's given value and we accept that value, and we have faith that other people are gonna accept that value. So, you know, Bitcoin is the same exact thing except it's not issued by a government where they could devalue it through inflation and printing more money. That's a great thing about Bitcoin that nobody can mess with it. And that's important enough to repeat that, you know, no currency, and especially not the US dollar are backed by gold or silver. A lot of people think that it should be. What I say is I wish that gold was backed by Bitcoin because it's all about faith. It's all about confidence. And I trust Bitcoin more than gold. I really do because it's a superior form factor. It's digital. You can encrypt it and back it up. And as long as the, it's really faith in the technology of cryptography and the internet itself. We haven't stressed this, but it's a cryptocurrency. And that's important to stress because it is based off of, you know, cryptography. The state-of-the-art of cryptography. It's as far as technology of 2011, it's absolutely unbreakable. And if there ever is technology that can hack it, break into it, it will actually, they'll crack all the world's banking systems way before Bitcoin. Well, the thing is that it's not impossible. It's just that it takes a large amount of time, more than our lifetime, so it's just not feasible right now. That's impossible. That's the thing, like you can, even if you can, you can crack one, one transaction or whatever, the thing is that each one is built on another, on another, on another. It gets exponentially harder to solve. Exactly, exponentially harder, which makes it impossible. So, I really trust that more than gold bars stored in a, you know, how many stories, there's always another story of some vaulting service in Hong Kong that has the gold bars filled with lead and all that. What's, I was just reading actually before the show, I'm probably gonna get the country wrong. I think it's Zimbabwe, which is in Africa. But they had, in 2008, their monetary system completely collapsed and at the height of that, you know, collapsed. I think it was like, I forget what the name of their currency was, but let's just say Zimbabwe dollars. It took like a billions of Zimbabwe dollars to buy like a loaf of bread or something like that.  That just shows you how central banking can get out of control or, you know, any fiat currency where any one person or one entity has control, you know, to print more. That's what we need, a trillion dollar note in the US dollars with Bernanke's face on it. I saw a picture like that. And that still wouldn't be enough to cover the debt. Yeah, exactly. The debt to who is another question. Well, let me take a break right now because I wanna, again, express our gratitude to our sponsors because without our sponsors, we wouldn't be here. And if you appreciate what we're doing here, please call our sponsors up, email them and thank them for sponsoring the Bitcoin show and only one TV in general. And so first is Bitcoin bonus, bitcoinbonus.com. For all your online shopping needs, everything that you're buying anyway online, even if you're buying it with Bitcoin or dollars, it doesn't matter, go to bitcoinbonus.com right before you click that buy button and check and see if they're listed there because you can find the merchant on bitcoinbonus.com and they're gonna give you a kickback in Bitcoin. What could be better? If the merchant doesn't take Bitcoin, maybe they'll give you Bitcoin for shopping there.  What? You just bought something on Amazon and I forgot to use Bitcoin bonus. How could you? Okay, I'm gonna block the buy button on your browser until you are trained to go to bitcoinbonus.com before you hear that, Dr. Virgil?  Don't make my mistake. Free Bitcoins, hello. Okay, next, tradehill.com. Tradehill.com is the new kid on the block. They're new, but they're an amazingly bright and energetic group of people that have started this company. It's basically the same idea as Mt. Gox for those of you who are new to Bitcoin. It's an automated online exchange.  So they have many, many currencies and many ways to get money into them and to get money back out when you sell Bitcoin.  If you enter this code, referral code, it stands for tradehill referral code, it's TH-R141. You see it on your screen right there. You get 10% off all your trades for life and we really appreciate tradehill for all that they're doing for the Bitcoin community and their support also of this crisis with Mt. Gox.  Everybody's coming in to help each other and everybody cares about Bitcoin. And also Mezzy Grill, the restaurant that's been featured on Al Jazeera English and oh my gosh, so many different TV networks and reporters are going there to film and shoot and photograph this restaurant because it's one of the, it's apparently the first restaurant in Manhattan that accepts Bitcoin. They have authentic Mediterranean food. It's kind of like a Chipotle, but a little bit more upscale and nice and Mediterranean food and it's delicious. And the reason they accept Bitcoin, you'll read, is because it's at a nice favorite place. We were going there two or three times a week. We became great friends with the owner, Marwan, and go in and ask for Marwan, say hi from Bruce and Ed. But we told him all about Bitcoin from the very beginning and so thus he is the first restaurant in Manhattan that accepts Bitcoin. So you can go in there with your MyBitcoin.com or your Android app and you can pay with Bitcoin by scanning the barcode on the cash register. It's so cool. You gotta go there just to try it. And now they're open for breakfast. He's reminded me. Yeah, now they have breakfast as well as lunch and dinner, which is awesome. We gotta go try their breakfast. Okay, and we always go there for dinner. And US Gold Coins. Andrew Gauss is a monetary expert in the world in my opinion and he has a company called usgoldcoins.com and US Gold Coins is about buying mainly, he sells gold and silver numismatic coins. Numismatic just means rare, rare and valuable. So they have a double value. They have the value of the gold or the silver and the fact that they're rare US coins. So you've got both things going for you. Sometimes it'll go up because of the value of the metal and other times it's going up because of the value of, because it's so rare. As people melt down coins, your coin becomes even more rare.  US Gold Coins is the place to go. He's absolutely honest and above board and everything he does. Like I'm really vouched for his integrity. It's not just like another one of these gold factory places. So thanks to all of our sponsors, BitcoinBonus.com, TradeHill.com, Mezzigirl.com and US Gold Coins. When you contact them, thank them for sponsoring only one TV. So let me ask you, Anthony. Does everybody you know talk about Bitcoin or is it only me? I need it on Bloomberg. I was just like, whoa, oh my God. Just like that's huge, you're an exposure. But no, otherwise in my social circle, I don't hear about Bitcoin. No. But you saw, he was a- I bring it up to other people. Yeah, he was really impressed by the Bloomberg TV clip. I know, it's like my friend, I have my friend Chuck who, you know, I had been telling him about Bitcoin since the very beginning. He was a computer client of mine and he was just like, yeah, yeah, yeah. This is Bruce one year in one ear and out the other. It's another wacky thing that he's telling me about. He didn't really trust what I was saying. I don't know. But then when the Forbes magazine article came out and I said, look at this and I opened it and there's my name all over it and everything.  He grabbed my arm literally and drug me to the bank. I want to buy Bitcoin right now. I want to buy Bitcoin right now. So I helped him through that process. He bought like $3,500 worth and then it was about seven days later, he called me up and said, sell, sell, sell, sell. And I'm like, I'm busy. Like, wait, wait, wait. Oh my God. Yeah, I know. And I said, actually I don't have time to do that right now and I've told you a hundred times it's not a stock and I'm not your stock broker. So, but anyway, he was like, sell, sell, sell. So I just tweeted. I said, a friend has this many Bitcoins to sell and somebody drove down from Boston to pay him cash like boom that same day for the Bitcoins because everybody wants to buy and he's selling. So his Bitcoin from $35, $3,500 a week later was $10,000. Could I do a shameless plug? Sure. I am going to sell my TV and my PlayStation 3 for Bitcoin. I want cash, I want Bitcoin. It's a 40 inch Panasonic 1080P television. It has a good contrast ratio. I don't know what else to describe about the TV. It's a running mill TV and then it's the older, fat, as they call it PlayStation 3s. It was the 80 gig with an upgraded 7,200 RPM, 100 gig hard drive in there. Okay, you're getting offers from the chat room already. So email Manny at onlyoneTV.com and your inbox will be full of offers. Is that email good? Yeah. Well, maybe email Bruce at onlyoneTV.com and I'll forward them to him just in case. Well, email it to Bruce and Manny. This way just in case it works. Not Bruce and Manny. Bruce at onlyoneTV.com or just send it to Bruce at onlyoneTV.com and I'll make sure he gets it.  So what do you think, Anthony? Are you ready to invest in Bitcoin? Well, what is it at right now? It's like $2 or something? It's not going down. I can tell you that. What is it at, you guys? 12 bucks or something? Oh, I know it's growing and it's... It's between 12 and 18. Between 12 and 18. I don't think it's such a trip. Yeah. It's like the Federal Reserve. Yeah, it's between 12 and 18 and we're not talking cents. I think it was the Fensigrash public pocket. What? What'd you say, Anthony? Can you hear me? It's at 18 cents? No, it was when I told you about it. Now it's like $18. Imagine if you had sold your car and bought Bitcoin then. Oh, so I didn't finish telling this.  Oh, no, I don't think so. I think it's pretty unlikely that there... Like you never know. You never know. It depends on how like your, as Andrew Shave says, it depends on your level of paranoia, I suppose. But personally, I think it weren't, you know, and Bitcoin's not even, it's barely on their radar. At this point, it's way too small for them to worry about. They have bigger problems to worry about. But I'm sure that it's like barely a bleep on the edge of the radar, but eventually it will cause concern for them. But like I said in that Forbes article, the last line in the Forbes article, by the time they figure this out, it will have already caught hold. Because this is like igniting, like spreading like a wildfire. You know what gave Bitcoin the most credibility? Is when it shot up to $30. So that's when people really started paying attention. And that's when you started seeing influx of articles. The best one to date is the one by The Economist. I think they did a really good job of sort of piecing a whole picture together. If you used to really understand Bitcoin, you need to understand multiple disciplines. And you know, there's not too many people who have a strong firm grasp in each of those disciplines. So I thought they did a really good job of sort of giving an overall idea and a much better and clearer picture of what it is. Because most articles are very vague. Because even the authors, they even themselves don't have a full grasp on what it is. And I felt, you know, the author of that article, they did have a pretty good grasp. Yeah, The Economist, it was one of the blogs. An Economist blog, I forgot what it's called. Maybe somebody in the chat room could tell us. But it was like everybody seems to agree that that was the best one that explains, especially from a technical standpoint. And then The New York Observer was my favorite because it talked about me the most. You know, and of course that's important. But anyway, that young lady was phenomenal. I talked to her 45 minutes on a Friday night. She was so appreciative and she did a great story, which was really fun.  It's like, that's so cool. Everybody likes that. But yeah, The Economist has done I think the best job. So many, you know, it's, I'm glad you brought that up because so many of these major media story, also the one on Bloomberg, it was really, really short, but it was very accurate. I think it was, you know, right on target. But some of them, like Fortune, fortune.com blog. I mean, I was very upset and I publicly, I posted in the form about that a rebuttal because the guy interviewed me and he asked me all these things. And, you know, I say he really combined two completely different thoughts into one and twisted my words and really made Bitcoin sound bad. And it seemed to me, before he actually interviewed me, he said something about, you know, I said, you know, please do better than these other journalists have done and explaining it. And I offered that I, you know, to read it before it actually went to print so that I could let him know if there's anything that's really inaccurate.  And he didn't do that. And he went ahead, he said, oh, don't worry, we check our facts, we're not like Business Week. We absolutely check our facts and we know what we're doing. We've done the research. And he said, if you, you know, people who are gonna disagree with this article it's gonna be because of our take on it, our position, our stance. This is before the interview. So it seemed very obvious to me that what happens in these situations is they're reporters given marching orders. They're saying, I want you to write an article about this new thing called Bitcoin. I know you've never heard of it, but do an article about Bitcoin. I need it done by four. And the take on it is it's disastrous and the public is never, it's gonna fail and it's not safe, it's not secure and it's probably gonna be made illegal and Americans are never gonna get a choice to invest in it. So write the article. So like it's almost as if they already had their position decided before he even knew the difference between Bitcoin and a toaster oven. So yeah, I mean, I wrote this whole email about like 30 things that were absolutely inaccurate. Like he just had so many things completely inaccurate and misquoting me too. Yeah, there's, I've seen a few articles like that.  And you know, Bitcoin is a different approach because it's a deflationary currency instead of an inflationary currency like what we have now. So I think that's another aspect. It's so new and so different. This is the first ever kind of currency of this nature we've ever had. So people just don't know how to react. Some questions from the chat room are coming in. Why do we need to get cash out of Bitcoin? I thought we were trying to replace cash. Well, right now it's still in its infancy. So until we have sort of like in ubiquitous use of Bitcoin where everywhere is except in Bitcoin, you know, it's not really feasible and it's not really even convenient to, you know, just transact specifically in Bitcoin. You know, there's still so many people that haven't even heard of it. It's still not even really on the government's radar and maybe on the CIA's radar, but that's, you know, for different reasons. So it's too early for that. Right now the biggest thing that could give credibility and give value and sort of give like a base and a hold for Bitcoin would be usability of moving from fiat currencies to Bitcoin and vice versa. The easier that, and the easier and the faster it is to be able to do that, I guess the more transparency you'll start seeing and the more transparency there is, you know, the more people are just gonna, you know, why are we even training for dollars? You know, let's just trade for Bitcoin. And so I think as time goes on, we'll start sort of verging onto that. And I hope that's the direction that it goes into. But right now there's so many people just buying Bitcoin as an investment. It is about faith. It's having faith in the technology and that there is a future here. It's like, have you heard about that new thing called the internet? I wanna buy some of the internet. How do I buy some internet, you know? And it's like, it's kind of like it's in its infancy and people are like, they're seeing the future here. This is definitely gonna be big. How do I buy some? So there's a lot of people just buying it as an investment. And there's always gonna be misconceptions and people in the public and people in politics and the media, they'll never have a full grasp on it. Even with the internet, you know, it's been made fun of so many times on The Daily Show with John Stewart, but you know, there was a senator, Ted Something from Alaska that said, that internet was a series of tubes and it had to deal with net neutrality and things like that. So there's always gonna be large corporations and large sort of institutions lobbying the public that don't necessarily know what it is to do things in their favor. So it's always gonna be a constant struggle from those that actually know what's going on and the uninformed. In the meantime, I say there's three phases to the mass adoption of Bitcoin. The first phase was mining when everyone could mine. You just turn on your computer, run an app and it creates money and that was really, really cool. That's pretty much over now. Mining is a specialized industry that you need special software, special hardware and special expertise. So it's kind of its own industry now. And so now it's kind of like a quirky side thing that's its own industry, but the average person isn't doing it. It's not profitable. And then the second phase is what we're in now is investment. That's why liquidity is so important that you get cash in, you get cash out. Like I started to tell that story where my friend gave me, he bought $3,500 for the Bitcoin and then he sold it, like he wanted to sell it a week later. He got 10,000 back and he had this envelope from the guy, 10,000 in cash. Some guy drove down from Boston, right? And he gives him this envelope with $10,000 cash and I saw his face, he got it and he did exactly what I knew he was gonna do. He took this cash and he goes, okay, now if I buy Bitcoin with this again, like he just tested the system. He just wanted to put it in more than double his money and get it right back out and then put it right back in again. So he has consistently screwed up really. I mean, he's consistently bought it when it was really high and sold it when it was really low, but he's doubled his money, at least double his money every time. Yeah, it's gonna be interesting. I'm interested in how people who have more financial resources go about it than those who do not because there may be more of a barrier or it may make more sense because usually people with a lot of equity, they're more open to investments and such. And usually when it's the average Joe, a small investment for somebody who has a lot of equity is a small, it's a very large investment for a normal person like myself. So I'm glad I discovered it when I did, even though I don't have a lot of Bitcoins and I didn't have a lot of money at the time, I still have a little decent amount, not too much. And I can only imagine what it feels like to be able to buy $20,000 worth of Bitcoin and then see that go up in value. Yeah, that's amazing. It's like, well, I mean, it's a combination of having the money, of course, but also getting it early, of course, and also having the faith because I know there are a lot of people who got in really early, but they didn't buy any or they got in, it went up and they sold it and so on. So it's about getting in early, having some money and then staying in and keeping it in there. No matter how tempting it is when it doubles, triples, quadruples, you're so tempted to take it out, leave it in. I mean, the people who did that and continue to do that, they're the ones who are gonna be, I read an article somewhere, somebody was predicting that this is the new aristocracy, that if you own a, this guy said, not me, some guy, I read this blogger who wrote, if you have one Bitcoin, you'll be a millionaire and if you have 2,000 Bitcoin, you'll have Bill Gates wealth. Yeah, so that'll be interesting and what else I think is cool, it's gonna be a different subculture of people who invested early, these geeks and these intellectual types that'll start having this wealth versus these traditional people that were either born into it or massaged the system to get to that status. So I think that'll be interesting in the cultural and sort of like political aspect in the future. Anthony, let me ask you this, what do you, I mean, from your perspective, because I know you're all about green living and protecting the environment and health and kind of this oneness of humanity, this new tipping point of enlightenment that the earth is coming to, what role do you, do you see Bitcoin playing a role in the big picture of that? You know, I do, I do and the idea of it being wireless and not, it's just like, I feel like it's such a representative of what we're going to be coming into in the 21st century and just the decentralization of it too and how it's so autonomous and I think it really represents where humanity is going to be going in the next few decades if we choose that path of freedom. And it's almost like big side of light and the side of freedom and the side of real potential and compared to what we've been used to for the past 90 years, Federal Reserve here. So it's really exciting to see the developments in the past few months. Do you see, what about your site, your online stores and blogging and all that? Are you accepting Bitcoin donations or accepting Bitcoin for purchases in any of the business? I haven't set it up yet. I remember when you mentioned it to me, I think I went to that site, the Bitcoin Me site. Right. And then I started to sign and something was going on and I honestly just got distracted and it just kind of got put on the back burner. So I haven't been able to set that link up. Okay, so for anybody who's interested in doing that, let me just tell you, if you go to bitcoinme.com, this is my site that I created. It's an informational site, it's a Bitcoin for newbies and that's the topic of our show, bitcoinme.com. If you click on the accept tab, I've just completely rewritten it. So if you click on the accept tab, you will see a little tutorial about how to get set up as whatever it is, your product or service or donations or whatever it is that you're selling or accepting to get set up to accept bitcoins, like literally in like 15 seconds, it's so, so, so easy. I mean, you can get really fancy and sophisticated and integrate bitcoin into a shopping cart, stuff and all that, and there'll be links for that too. But to get set up for the basic idea of accepting donations by bitcoin or accepting payments as bitcoin, it's like literally 20 seconds. You can set it up and start receiving payments and you'll get an email notifying you the minute somebody sends you a donation or a payment. So go to bitcoinme.com and click accept and then there's also buy and sell. If you go to on the same site, bitcoinme.com and click buy sell, you'll see really simple instructions about how to buy and sell bitcoins today. The easiest way today, option one is to find a local person who will exchange cash or your local currency for bitcoin and there's a way that you can just put in your zip code or postal code or the name of your country and it'll give you a list of all the people that are willing to come and meet at a coffee shop or whatever and exchange cash for bitcoin and option two is the online services like tradehill.com where you can do it right online by doing many different ways but one of the best ways for that is through a bank transfer. But if you want to remain in cash, then the best way is to do it through someone locally, a local trader. But anyway, bitcoinme.com has that tab as well, buy and sell. There's also accept and there's also what else? There's community. On there, there's the Bitcoin 2011 which is the bitcoin, the world's first bitcoin conference in World Expo. 2011 at NYC, we're hosting right here at only one TV studios. So make sure you click on that and email to get in for your registration if you want. If you have a product or service and you wanna set up a table and demonstrate or sell your products or services right here at the conference, let us know that too and you can reserve that space. Or even if you have suggestions for a speaker to be a keynote speaker at the conference, let us know that too. And then the last tab on there is about a giveaway.  You can actually donate a bitcoin or two to that cause and we'll be talking about that more in coming episodes but basically we're gonna do this kind of a telethon drive that individuals can donate bitcoins, businesses can donate bitcoins in exchange for being mentioned in the thing or we're gonna do a massive, massive bitcoin giveaway. We expect the lines to go all the way down Fifth Avenue across to Broadway and down to Wall Street of people standing in line to receive a free giveaway of bitcoins. So we'll be looking for more information about that but that's a tab on there as well, the bitcoinme.com giveaway. So any final thoughts? Cause we only have like two minutes left. Final thoughts, I'll let Anthony go first. What do you say Anthony? Any final thought on this topic before you hit the airport? I think it's just so exciting and for the investment opportunities and just the investment in the community and the decentralization of the money. I really, I'm so excited to see where Bitcoin has gone in the past six months and it really gives me hope for the future. Right. Well, I look forward to a day where you know, Bitcoin is ubiquitous because right now it's still in infancy and it just has an amazing potential that nothing else in the history of mankind has, this is like the equivalent of the internet for money. The internet has changed how we move information, we exchange information, how research is done, how people communicate, how third world countries get connected with the rest of the world. So Bitcoin has so many socio-economic, political and just so many aspects of it that's gonna change about the way that we live and the way that we interact with the world. I'm just really excited and I'm really happy just to be conscious that I'm in the middle of it all. And I can't wait, I especially can't wait to see how third world countries, what they do with Bitcoin because I think they have the most to benefit from it where the country likes Zimbabwe where the monetary system could collapse or it's on the brink of collapse. So I'm just really excited for the world in general. Exciting times to be living in. Well, we're out of time now, we're gonna thank one more time, our sponsors, bitcoinbonus.com and tradehill.com and mezegrill.com and usgoldcoins.com. Thanks everybody for joining us and stay tuned. 4 p.m. Eastern time on Wednesdays, we have the Spanish language version of El Show de Bitcoin. So for any Spanish speakers, make sure you bookmark that link every Wednesday, 4 p.m. Eastern and Bitcoin show, the one you're watching is every day, Monday through Friday, 2 p.m. Eastern. So we'll see you tomorrow. Thanks for joining us.


Guy Martin, my autobiography, by Guy Martin, read by Dean Williamson. Prologue, game over. I'd just left the pits after the fuel stop, head down, wrestling the 210 horsepower Honda Fireblade through the outskirts of Douglas, the Manx capital, and out onto another 38-mile lap of the island.  I could hear a difference in his voice. He's normally as calm as if he was reading a shopping list, but there was an edge this time. He knew we could win. It was the start of the third lap of the 2010 Isle of Man senior TT, the last race of the fortnight, the race I've been desperate to win since 2004, and the last chance to get a TT win for another year. I was pushing hard. I'd already missed out on a win by three seconds that week. Three seconds in a race held over 150 miles. A race that lasts one hour and 12 minutes, or 4,300 seconds. That means the winning margin was 0.21%. It's obvious that every second counts in modern, real-world racing. Down Bray Hill, with a full tank of fuel and a new rear tyre, the bike goes from nearly bone dry to brim full, and the extra 24 litres of unleaded always makes a difference to the handling. But I know how to deal with it. Then three miles from the pits comes Balagairi. This is the kind of corner that keeps me racing on the roads. It's a proper man's corner. You go through the right-hander at 170 MPH or more, let right over, eyes fixed as far down the road as it's possible to see, which isn't very far. Like so many corners at the Isle of Manon, most of the other circuits I specialise at, it's blind. I can't see the exit of the corner when I fully commit to the entry. I've been through Balagairi 100 times flat out, but this time something happened. This time the front end tucked, lost grip and started sliding. It's the beginning of a crash. That's not unusual. I'm saving slides regularly when I'm pushing for wins. Through the fastest corners the bike is always on the edge of crashing, just gripping enough to keep on going in the right direction. Go slightly too fast and the tyre shouts, enough.  As the front tyre carried on skidding across the top of the road, I tried to save the slide. I thought, I've got it. I've got it. I've got it. I've got it. I can sometimes get away with front end tucks, when the bike is lent so far over that the front tyre eventually loses grip and begins to slide. You can save them on your knee or give it a bit of throttle and it'll come back to you.  I went through all that thought process as the bike was steadily skating increasingly out of control towards the manched stone wall that lines the outside of this corner. When the thought, game over, entered my head. At those speeds, on a corner like that, you're not jumping off the bike, just letting it go. I was lent over as far as a Honda CBR 1000 RR will lean and a little bit more. I released my grip on the bars of the bike and slid down the road. I didn't think, this is going to hurt. Just whatever will be, will be. Chapter 1 No Middle Name The spaghetti measure will be out and the chase will begin.  The truth is I actually arrived in the world in Grimsby in 1981. I was born in the maternity hospital in Nunnsthorpe, the roughest estate in the town. I was, and still am, Guy Martin. No middle name. My dad missed my arrival. He was in the hospital for the birth of Sally, my older sister, but he had to stand outside because she was in breach and the father wasn't allowed in when things were getting complicated back in those days. When it was my turn to pop out, dad was there with my mum, waiting for me to appear. But at eight at night the midwife told them nothing would happen until midnight. So dad went out to get some bits from Scanlink, the local truck part specialist for a job he was working. Sample complete. Ready to continue?


Well, it's like put different things in like clothing into bins. A recycling is when you put your anything really into bin and then it gets taken to a special place and then it gets reused. It's all about just keeping it so it doesn't go to landfill sites and just all this nature. I don't know, a special place and then it gets reused. It kind of makes me feel like I'm helping the environment with something instead of just throwing it away and letting it go nowhere. Like recycling makes you feel like kind of better about yourself when you know that you've helped the environment with it. Yeah, not like only just the environment but like it doesn't have to be made into something new. So like if you're done with some clothes then you can like give it to someone else and then make something out with it.


In today's GUI snippet, we're building an icon button. Sounds simple enough, right? I mean, look, it's so cute how it bounces when I click. Aw. The goal is a button that's either on or off, uses a checkbox for state and is mindful of accessibility. Starting with the HTML, we're gonna pile some elements on top of each other and an input and a label, always gotta have a label y'all and some art. Some easy wins here, connecting the label in the checkbox with an ID and a four and then putting Aria hidden on the SVG. Make the label only content available to screen reader users. And from here, make the icon button a grid. Pile the elements on top of each other with grid area one to one and inclusively hide that label by making it zero by zero and overflow hidden. Make the checkbox the size of the button so the interactive space matches the visual space and lastly, drop a has in there to change the button state based on the state of the checkbox. Sprinkle in some focus outline animation and you're good to go. Check out the code pen in the show notes for all the details and stick around for the next GUI snippet.