Private interview with BitcoinBen

0:02 Guys, so we have a special guest coming to you live to...

0:02
Guys, so we have a special guest coming to you live tonight I have got bit coin bin you guys I know have heard of Bitcoin Ben He's not only on YouTube with a very fast growing channel, but he's also Has a large Facebook following. He's on Twitter. You might catch him chatting back and forth with the President of the United States on Twitter, and Any way, but it's been on is that ben?
0:34
Guys, I've been following ...
0:36
YouTube channel for the better part of a year and a half And one of the things that I love about his channel and one of the things and the reasons why I follow him is Because Recurred you take the news then actually brings forward every single day an original thought or 2 or 5 or 10 even sometimes And he's not just taking something that you know BTC news put out and puts his spin on it.
1:05
And he's actually giving you, from his perspective, an original thought.
1:09
And not only that, but if you've ever listened to bitcoin, Ben a little bit, you'll know that not only does been communicate with a speech impediment, which he proudly joke's on himself, but what you'll also find is an intelligence level that goes far beyond most humans.
1:27
And so listen closely when Ben's talking tonight because he's going to share some things with you that he's not going to be able to give you necessarily the name of his source that would be jeopardizing his position with his sources.
1:42
But he's gonna give you guys some information that you're probably not going to hear on YouTube anywhere. You're probably not going to hear anywhere, for that matter. And I'll ask him a few questions here and there, but for the most part, I'm gonna let Enroll. And I just want to thank you Ben for coming on and share them with us tonight.
1:56
Ben Cohen Ben.
1:58
Oh, absolutely, thank you so much.
2:03
Well, everyone, I'm here and I made it, and, and, and I'll tell you, tell you what, Jay, I really appreciate you.
2:12
Are you inviting me here?
2:17
As anyone who's ever watched my show knows, I love Kryptos, I loved talking about kryptos, I love the environment, I love the community.
2:28
I love you, Jay, You are a, I don't think a lot of people really, really grasp how involved J is in clip dose in places that the average person doesn't even know about.
2:48
Every Js shows up in, like places, it is, uh, he's, he's in places and eve's, I've heard his actual name referred.
3:04
Who, in, in groups, and in conversations that I had no idea.
3:13
He was even around and then you hears one drafters name and you're like OK. So you know J two and they're like, Yeah, I nu J back and blah, Blah, blah.
3:32
I don't want to give away your age J And it's it's.
3:40
There's not many.
3:42
There's not many people.
3:43
I'll actually come on, Zehr, their show, or especially like in their group.
3:53
I in fact, I'm pretty sure that's the first, uh, trading group I've ever I've ever agreed to actually come into and actually talk to you because I Uh, everyone who knows me knows that I'm not a trader.
4:16
Aye.
4:17
I have, I have information, and, uh.
4:24
I have connections, and, and this evening, what I'm basically going to do, is Irene.
4:34
I'm going to explain the current crypto currency environment, technology V some of the players behind the scenes and a lot of the, a lot of the entities that are aid are actually getting involved in cryptocurrency.
5:02
That the average Joe just didn't know about, and also you'll never see it.
5:11
In any of on any of the websites, you'll never read. It aren't coin desk.
5:20
These are not groups who are trying to actually get attention.
5:27
They're actually trying to keep themselves out of the publication's because the the energy and I'm sorry if you can actually hear the dogs.
5:44
Ah, hey, Ben, before you get rho, and I just want to add a little something to what you just said.
5:50
I just want to let folks know that Ben, and while he has his show, he has his things he's doing, We talk all the time.
6:00
We share ideas all the time. I call ban all the time. And I say, hey, what's happening? In the world of crypto, what do you hear it on your side? And, Ben is like, kinda like an indicator on a chart for me.
6:12
Ben is one of those people where, he's hearing things that come from sources that I don't have, And so, I just want you guys to know that what we're bringing you tonight is actually a little bit of a founded friendship. We've been talking on the phone for what they're now. About 6, 8 months.
6:28
Oh, yeah, I just want people to know. It wasn't something where I just reached out to ban, Send them an e-mail, And said, hey, you want to come on the show, But now we actually talk on a regular basis, and we've developed quite a friendship, and so, anyway, I just wanted to add that little piece, I meant to mention that earlier. So carry on.
6:46
OK, yeah.
6:48
Jay has had to sit and listen to me ramble, or an hour, hour, and a half, or two hours, just like talking on the phone.
7:01
They're back, and I'll just get on a roll, and, uh, And I'll just flow, let it all kinda come out.
7:14
And luckily, Jay is able to take it and kind of interpret it and go, OK, well, I see where this is go, and this is what I think, What do you think? We'll actually go back and forth.
7:29
And at the end of it, we've usually Gosh, oh, world hunger and the rest of the world's problems if someone else could hear us. Absolutely.
7:49
Oh, all right.
7:52
Basically, let's In order to be in the crypto currency world and really appreciate and, and and really have hands Are dense in what you're trading, you know? People who trade shergar!
8:17
no that sugar's needed.
8:19
Know people who trade wheat, they know wheat needed in cryptocurrency.
8:27
There's a lot of people who trade Ethereum and litecoin and digit byte. and and all these other cryptocurrencies.
8:38
And have no idea.
8:40
Uh, if cryptocurrencies will even be around every year, no.
8:47
They're hoping they are they're kind of crossing their fingers and praying.
8:52
But, I'd like to actually give you a break down of, of why cryptocurrencies aren't going anywhere.
9:02
And this is, why, schumann's, as a creature, we naturally move towards efficiency in everything we do in our lives.
9:14
We're always moving towards efficiency.
9:18
And humans are always trying to predict the future.
9:26
It's just what we do. It's how we live our lives.
9:30
It's how we and we analyze our lives, and we make choices actually based on our knowledge of the past, combined with the information, the latest information we've received on our current situation.
9:51
Then we make a choice and we hope for the best using, using our knowledge and our experience. Well that leads, as you get older, that's why people say as you get older, you get wiser. Well.
10:09
uh, whoo!
10:13
being wise or having whizz is, is another way of explaining.
10:25
Being efficient, I'm sorry about that. I phone rang.
10:29
Uh, and.
10:32
oh.
10:32
As as we age, we actually become more ..., more efficient at life, and we apply that towards everything we do in life.
10:49
Now, when it comes, when it comes to currency, I'm sorry about that, whoever is trying to call me is keeps trying, and that annoys me.
11:04
That leads to as you get older, your choices or quicker your choices are are more or more east Asian because they are wiser and shoemaker to be as a whole as a collective.
11:28
Also, uses that collective knowledge that we've written down and that we've accumulated over the years and, and we advance that knowledge and we improve on it with our technology.
11:49
Now, years and years ago, we transacted in Gold then we were from Gold two using what were referred to as Paper Notes. And then we went from paper notes. Who action.
12:10
Who, paper currency from paper currency.
12:15
We wait true riding personal checks. From personal checks, we went to credit cards and now from credit cards, we are moving to cryptocurrency.
12:30
And if you noticed, each one of those advancements are, are advancements in the change and the transaction of value more efficient.
12:49
Well, cryptocurrencies are the most efficient way to transact value that humanity has ever had and probably will ever have, not that I can see in the future, but I don't see any other any other way of transacting value amongst schumann's, ever evolving beyond crypto currency.
13:22
Because I don't see our platform that would advance it beyond that. Now that doesn't mean in a 100 or 200 years we are transacting value using our minds or something like that.
13:46
I I actually thank if that future happens we'll file.
13:50
We shall be trading Bitcoin and litecoin OK.
13:56
Sorry, Paul.
13:58
Uh, whoa.
14:01
Cryptocurrencies aren't going anywhere because humans aren't going anywhere. The enter, nach, isn't going anywhere.
14:12
If half of the world lost the Internet, the Internet would exist if 99% of the world lost the internet, the Internet would exist yet, yeah, it's a fluctuating and growing technology and cryptocurrencies just like e-mail And I'm sure you've heard of the people expressed.
14:42
But, I'm, I'm actually going to dive a little bit deeper into it, is, and this might be a long video. I don't know Yeah, we'll see how long it goes. I'll ramble for hours.
14:54
Is?
14:56
Is we had snail mail and that was that that was efficient enough and, and then, we have e-mail or e-mail basically ate up snail mail and All that snail mail was was a transaction of information whenever you received a piece of mail in the mailbox.
15:25
It was always a person transacting in Information to you well, e-mail, actually, I took that information and put it in a completely different digital representation.
15:43
And but you still received the value of what that information was.
15:52
Crypto currency is the exact same thing. You have a $1 bill, or you got a $10 bill, or a $5 bill, Well, yeah.
16:03
You could actually mail that $1 bill, or that $5 bill, it, it will eventually get there.
16:10
But using crypto currencies as a representation of that value you transact, odd, You transact in the transaction and that representation of value hasn't lost its value.
16:32
Just because of how you transact in it, it just changed the way and that entity that was X, that was accepted as the representation of value.
16:51
And that's not gonna go away anytime soon.
16:55
And this is, now that I explain kind of, the cryptocurrencies aren't going away at all. No way.
17:08
It's it, schumann's, do not.
17:14
We don't work backwards.
17:16
No, you don't see, uh, a large group of people going, Hey, let's all park our brand new cadillacs and latch grab us some 19, 8200 civics.
17:34
No. That's not how humans work.
17:37
Oh, we're always advancing and cryptocurrencies is that next advancement in the exchange of value?
17:48
Now, this structure, this is this part here is probably going to give you the most excitement, uh, of this whole video of the future of cryptocurrency is the structure that's being built.
18:11
Uh, I don't know how long all of you have been in cryptocurrencies, but for those of us who have been around at least a few years, V, the level of test patients in crypto currencies of larger corporations is very recent, since, maybe last year, two, a year and a half.
18:46
Now, mind you, there were, there were companies that we're researching and kind of put in there oh, in cryptocurrencies for probably maybe 3 or 4 years.
19:01
Those were small projects that they were just.
19:04
They were basically trying to kind of see what it was. Kind of poke it, kind of kick it, you know, try and break it.
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And, and once they really couldn't break the blockchain, And they really couldn't break, actually litecoin, or bitcoin.
19:23
They started to really have high confidence In its value as a unit of exchange scope.
19:33
Now, over the last year, year, and a half, and I think I might have to actually go inside, We've got some bugs that are kind of, kind of buzz around and get noisy.
19:45
This will only take me a second, And I'll just walk right in.
19:51
It's, there are so many large corporations who are actually, oh, who are involved now, and actually getting more involved every week.
20:09
Every week, you hear more and more of like larger corporations who, uh, who are.
20:22
Excuse me. Who are? who are actually partnering up?
20:28
With, unfortunately, ripple or Ethereum I love etherion, big ripple, but perhaps a personal preference. Everyone has their coin, and anyone who's ever watch my show knows that Mike coyne is actually litecoin.
20:47
and, uh, and I will explain why.
20:53
I love light coin as much as I do.
20:57
here, and a little while once we reach the litecoin area of the conversation the larger corporations that are getting involved when I say large corporations.
21:13
I mean, These are the big boys. This is the big money There's it.
21:19
There's a group, or, no, I'm sorry there, there is a cop, a company, called the the Enter con, Tim Mental Exchange. It's also known as ice.
21:37
Now, cool.
21:39
Ice is, is the largest clearinghouse, pored derivatives and other financial assets and they announced I guess it was last month.
22:00
Yeah, last month that that they were giving in to cryptocurrencies and getting it big.
22:10
And when I say big, they're going to launch a crypto currency exchange and clearing out.
22:21
Now, this is how it, this is how the owners and the people who run the enter can lend Joel Exchange, by the way the inter-continental Exchange owns the New York Exchange.
22:41
Let me say that again.
22:44
Enter Continental Exchange Ice.
22:48
They own the New York Stock Exchange.
22:55
When you own that, you own something, I'll tell you that right now. These people, these people age scraping around for a couple of bucks it change.
23:10
And the, the owners and the people who run ice.
23:16
Ah, and I've heard from a few people in New York that, uh, that they are going 100 miles an hour.
23:27
This thing, it's so important to the CEO of the Ice Corp.
23:35
He's putting his wife in charge of the cryptocurrency exchange and his wife is no slouch.
23:46
Alright?
23:46
It's not like she's She's the trophy wife, she's: this is a serious, serious, serious woman who has done some serious business in the pathogen, cheese running the repo, currency's exchange.
24:08
And this is probably the, I thought I loved cryptocurrencies and I think the cryptocurrencies are going to eventually take over the world, this guy, Yeah, I'm pretty sure his exact quote was, I'm going to make it my mission to make, it coyne the very first global currency ever.
24:45
That's coming from the guy who owns the company.
24:50
They've owned the New York stock exchange each.
24:56
So, when you hear somebody at that level, use those words.
25:04
These are serious people.
25:07
These are the people who?
25:13
Well, let's be honest, Who run the financial world, and whether you love or you hate, you know, the old financial system, or whatever, you gotta look at that direction in which the old system is going.
25:37
Because they're going towards efficiency, they recognize what we recognize, that crypto, currency, and crypto assets, and that token is Asian of all assets, is the future of global exchange.
26:06
If I could remember everything I just said, I would repeat it.
26:12
But it's, that's, that's what we're talking about.
26:17
All right.
26:19
These are the people who deal in and all of the actual, like mortgage backed securities, which all of those hold heyerdahl, they hold loan.
26:34
And all of that What they're moving towards is two.
26:45
Take the technology of cryptocurrency and apply it.
26:51
two with fair is terms.
26:56
But there is terms are changing.
27:01
They're moving towards wallets, They're moving towards Coke in their station where your house will be represented.
27:14
And eight, whoa, as eight.
27:19
Again, inside of a source of an exchange, and your house is value, will be represented using either a crypto currency of valuation or eight coke in of some sort.
27:44
Everything that has value will eventually have a representation into cryptocurrency world.
27:54
... gold, I mean, sugar.
27:57
I mean, wheat, I mean, oil?
28:00
I mean, hate, I mean, Anything that you buy and you sell right now will be represented inside Shum type of structure in the future. Let me give you an example.
28:24
You hop online, you're at your house, and you're like, I want to purchase hate.
28:31
And I want to have it shipped to my house from Amazon, because Amazon gives me the cheapest price. All right? So you hop on line.
28:41
And at this point, Amazon has the smartened up, and they will accept litecoin.
28:47
So used in them.
28:50
But the amount of litecoin took part, just the gallons of hate. So the transaction goes through that. Act.
29:03
Evades, a smart contract which links your account and your address on Amazon to a smart contract.
29:18
As the March contract is executed as you shoot your litecoin oh, that X of H other smart contracts on the Blockchain inside those smart contracts a fraction of your light coin that used to Sam is shot over to other Smart contracts and Held in Lightning nodes.
29:55
This is where I include the Lightning Network and art level scenario.
30:03
Those lightning nodes hold up the litecoin, the fraction of litecoin that they That they are programmed into this smart contract.
30:20
Now, that's smart. Those smart contracts execute and they lead.
30:29
They let the producers of the actual pay know that this pay has actually been paid for it.
30:40
And so they ship out your as your, as your actual paint, knowing that they're like, Hey, man is already in a smart contract, so they don't have to worry about being paid. So.
31:00
They, they use their Blockchain at their production facility And they place the order in their production facility for your paint, your paints made and create it inside their process.
31:22
It is other smart contracts that actually pay their suppliers as they use the materials that they purchase from their suppliers.
31:35
It's really just a link of smart contracts that roll out a, a ..., apply, change, O M E, imagine, a A, apply chain that at each edge, at each link of the supply chain, there is a smart contract that holds a crypto currency of value inside the smart contract.
32:09
So, the producer ships off your paint.
32:14
It hops on a truck, it's truck over to a local warehouse, they log in, their, their warehouse, they ship it out, using UPS, or whoever, blah, blah, blah, blah, blah, it arrives at your house. They walk up to your door, they drop it off. You tie your little signature on that path.
32:38
As soon as your signature is on that path.
32:44
That's where that signature's heads off A What I like to call a cryptocurrency domino effect, where all of the smart contracts in that exchange or activate, where the value held in those smart contracts are all released.
33:07
And everyone receives their payment, her terms of agreement, of purchase, of the paint that you just bought, because your wife wanted to change the color of the walls.
33:31
Jay? Did I put you to sleep?
33:36
Now, I'm listening buddy, I'm listening, and I'm sitting here going, wow, this is, I mean, it's not just the tokenization of the pain, but it's the tokenization of the shipping company. As, Well, I mean, everybody in that everybody, in the supply chain is now tokenized, and they're using smart contracts to fulfill everything.
33:54
It's really cool.
33:56
Exactly, and, uh, I mean, you can't steal and cheat in that system, either, by the way.
34:02
Not. Your example is just on paint, but take that example and put it on any kind of transaction you want to make, and you just eliminated stealing.
34:13
You just eliminated the ability for because the thing is a smart contract doesn't have the ability to lie.
34:20
So it's pretty cool.
34:22
Exactly, code is law.
34:25
That is it.
34:27
that when you, whenever someone talks about code, we're places that word with law, unbreakable law, and that's what code is.
34:41
Code will never alter from what it is programmed to do, and now, let's talk about, which coins, I feel, in the future, are going to have the most value.
34:57
Now, as you guys know, I am a hard work.
35:01
I hug, uh, I've tried trading.
35:06
I don't have the patience for it.
35:09
And also, I don't have the time for it, and my brain goes a mile a minute, and my legs can barely keep up with my brain.
35:17
Got it.
35:19
Oh, I'm a ha. I'm a handler.
35:22
The cryptocurrencies that I I think uh everyone should hold in their back and I mean there are hot roll back You're trading coins, whatever coin you want to use.
35:38
But your hurdle that should actually be bitcoin litecoin and Ethereum probably EOS and ABA.
35:52
And Let me explain why.
35:55
Number one, let's talk about EOS, ABA, and a theory. These are not crypto currencies.
36:05
These are ..., Toke, these are platforms.
36:12
These are their own Internet.
36:16
These are their own, ah, let's say, global shopping and global structures and islands. Let's actually think of each of them as an island.
36:31
And, what you're able to do on each of these islands are your able to actually build it.
36:39
Other structures.
36:41
And blockchains, and you, you've got your gesture chains and you have You're out your other layers with, with it. With Ethereum that the plasma, Whoa.
36:58
There's the future will actually be created using Ethereum EOS and probably the ADA.
37:12
Those are the future chair net and block chain platforms that will be used the most and each of those are structured where the EOS token and the aid token and the Ethereum token are all used one way or another as As either a fuel for the exchange on the platform. Like Ethereum or on EOS.
37:49
It's more of a reward, ah, of holding more poe. It's proof of speech.
38:06
Cake, easy for me to say.
38:09
And And a BA is exactly like EOS where it is proof of that long S word.
38:18
I said, And, uh, sure.
38:23
And these, these platforms are not going away. Those are the future.
38:29
The future will a lot of the future will actually be built on one of those three.
38:36
Now, when I talk about litecoin, and actually bitcoin.
38:44
What you have to understand with these two is they share Ah, They're structurally similar, but they're slightly different.
39:00
bitcoin, uh, uses sha 256.
39:08
And litecoin uses script.
39:12
Now, that's the.
39:14
Hey, Ben?
39:15
Yes, sir.
39:17
Um.
39:18
I paused the video about, I don't know, two minutes ago, because we totally lost connection.
39:27
Then I worked on getting connection back, so I'm going to start it back.
39:31
But where you were talking about, when I paused, it, was you were starting to talk about the lightning network lightning nodes, can you go back two minutes?
39:42
Yeah, sure. Alright, I'm gonna, I'm gonna push play again, so it'll start recording again.
39:46
She went back on, but go ahead. Sorry guys, we had a little technical glitch there, we're back on ....
39:55
All right, so, I think where I left off was the Lightening, the Lightning Network, and up now the Lightning network is, it's really for those.
40:15
I'm going to have to explain a little bit of the old economic system to really explain the lightning network.
40:24
Right now, there's a global system of exchange, called the swift.
40:34
Yes, it's how, the globe and the global banks and American Express presale, blah, blah, blah, blah, blah.
40:44
All of the other financial entities, all over the globe is how they exchange in the US.
40:52
Dollar now, and and also other currencies, but that transaction area note on this swift system, is the US. Dollar.
41:06
That's why whenever whatever yeah. No.
41:14
Canada want to actually buy oil.
41:17
They have to buy, which I don't know why they weren't, but they have to actually buy US dollars and purchase oil on the open market using US. Dollars. That has been referred to as the petro dollar. That's what gives it its.
41:39
it's values that we've deep, pegged off of gold.
41:45
So there's swift.
41:50
Is the old system.
41:53
There were a place, meant, for that old exchange of value, is the lightning network.
42:04
The Lightning network is two types of one.
42:15
Think of the Lightning network as cash registers.
42:21
A large group of cash registers linked to each other, And they're all cash registers, which hold $100, maybe $200. Those are called nodes on the Lightning Network.
42:41
Now the larger cash registers, those are called hubs.
42:46
Those are the big boys, Those are the banks.
42:49
Those are the, those are the mastercard's.
42:54
Those are the visas which FYI for those of you who are interested the largest.
43:05
The largest company putting money into the lightning net org.
43:11
Development is none other than mastercard's, Yes, mastercard is the largest under of the lightning labs, project, lightning labs, and you'll hear this name later on in our conversation.
43:33
Lightning Labs is one of the creators of the Lightning network now.
43:40
So you have these groups of cash registers over this network.
43:47
And this network is growing by leaps and bounds.
43:51
There are small cash registers and large cash registers that are popping up rapidly over the globe.
44:00
They're small companies. They're bigger companies.
44:04
There are more and more actual banks joining the Lightning Network, and show the lightning network.
44:15
What is scoring to allow is superfast transactions of only two coins, litecoin, and the bitcoin.
44:31
Now let's think back to the idea of the cash register.
44:38
Inside the cash register, you have your $1 bills, your $5 bills, your $20 bills, Your $10 bills, your highly dollar wheels.
44:50
And the larger cash registers, the hubs.
44:56
They're going to hold a ton of the Bitcoin, because they're going to be doing larger exchanges with larger entities.
45:09
On the Lightning network, then the little, ah, a little cash registers the moat so they will deal mostly with actual bitcoin.
45:26
Now on the inside of these corporations, they will be using litecoin.
45:33
And when I say inside, what I mean is, every corporation has a structure of how they allocate capital to each one of the levels or departments of their corporation if you've ever ran like A.
45:58
If you've ever worked for a corporation, you know, at at the end of your corporate year, they check your budget. How much did you spend did use?
46:10
Did you use all of it?
46:11
Did you need more did you need lass, and they adjust like that?
46:17
These corporations will be using litecoin to allocate their capital for their budgets and Each of their little areas.
46:30
Ah, or each branch of their corporation, we'll branch off of the lightning network on what is called a ..., a ester chain.
46:46
A sister chain is just a block chain that is in the eye of the corporation.
46:56
Oh, it never leaves the corporation.
47:00
It links with the lightning network at the hub of the corporation, but it never ever leaks.
47:09
At those exchanges will happen with litecoin because of the lower transaction fee and how quickly litecoin moves On the Lightning Network, quiches millions, and when I say millions, the lightning network will allow litecoin to transact.
47:31
The last number I heard was Once This is all rolled out about 100 million transactions per second.
47:43
Think about that.
47:45
That's a little more than visa.
47:46
But yeah, Visa, I think they do 10000, right? Yeah. So, yeah. Lightning network with litecoin is going to be a little bit quicker than B will upload.
48:04
That's why mastercard is the largest contributor to the lightning networks.
48:13
These, these corporations are stupid They know efficiency means profit increases goes towards your bottom line.
48:25
So these The Lightning network is the future Global Trends Act Transaction Network, and the only two coins that are commonly used on the lightning network is litecoin and bitcoin, and most transactions will happen using litecoin.
48:52
Because it's quick, and it's cheaper.
48:59
That's, and when I say that what I mean by that is all, or a large chunk of that corporate capitals and the personal capital of humanity.
49:21
In the future we'll transact using litecoin.
49:29
Let me say there again.
49:33
Most corporate and personal, whether you know it or not.
49:40
You may have a visa card and your swipe your card and on the others.
49:50
inside of the network that you just swipe jeer little visa card.
49:56
Litecoin will be flowing over the lightening node that you just swipe your card on.
50:05
So whether you know it or not, litecoin will be used in your everyday life.
50:14
So let's think how much value litecoin is going to have in the future.
50:24
Because the lightning network two, it's going to be probably a year and a half to two years to fully employment.
50:36
The lightning network in into an absorber.
50:42
The old economic transaction should stop.
50:52
So over the next two years, litecoin is going to slowly accumulate value, and sometimes, it's not going to be slow.
51:10
Because the more that lightning network is adopted and it's growing fast.
51:19
The more people and corporations and entities will be buying and using litecoin. as a transaction airy note.
51:33
How many of you have heard of a point of sale company called Square? I'm sure.
51:44
Most of you have Square, just analogies.
51:49
Maybe a few weeks ago that they are integrating crypto currencies.
51:59
On there point of sales units, and they're apps on i-phone and Android.
52:09
Now, what most people don't realize, because they don't have the time to do the research, square is adopting the lightning network technology.
52:23
They're going to be lightning nodes.
52:29
And all it is, is adding the lightning programming to their point of sale equipment.
52:40
Shutting it off.
52:42
Turning it on.
52:44
Letting it update and wildlife.
52:48
Everyone who uses Square will now be able to accept litecoin, and the bitcoins.
52:57
On the square point of sale.
53:01
Uh.
53:04
I-phone, or Android, or whatever you use, that my friend, is this huge deal. Now.
53:14
To link with this, you're going to have to understand what gives litecoin, and also bitcoin their value. Other than the lightning network.
53:31
It's the community.
53:34
The community of, there was a reason coring is the highest valued cryptocurrency in the world. It's because of the community.
53:46
The people hide it. That is why anything has value. Without humans valuing it, nothing has value. So.
53:59
Litecoin and bitcoin are structured. So similar, similar. A similar. You know what I'm trying to say.
54:11
I bet that that's why Coinbase and all these other exchanges. That's why litecoin were such and such an easy ad.
54:26
Because it's almost exactly almost exactly like actual bitcoin.
54:34
So if you have the software to run and exchange using bitcoin, you add litecoin, snacked, and magic.
54:44
That's a couple of lines that code in your duct.
54:49
So.
54:51
What is good?
54:54
Really launch litecoin and bitcoin price wise.
55:01
The the availability of the general public to use it.
55:07
And That is where you look at Coinbase. There's another application which J will be involved in. You'll hear about this in the future. I'm not going to give away any secrets. There's a there's there is something launching that J will be bringing you guys. And you'll love it.
55:36
Ah.
55:38
Ah Coin base is the largest company that you can actually purchase cryptocurrencies using USD.
55:52
So, the general pipe in the one who has an i-phone or an android can buy cryptocurrencies using Coinbase.
56:03
Oh, easy availability.
56:08
Is critical to any currency adoption, if and if you can't actually get your currency into the hands of the people, you're currency's worthless, because Currency gets a lot of it What? You see?
56:35
VI what is called the Wave velocity of currency it's how rapidly the currency moves throughout the community that uses it.
56:54
So the easiest coins for people to get right now is AI, is X is X actually bitcoin, litecoin, Ethereum, Ethereum classic, and also coin cash.
57:13
Those are all available on on Coinbase.
57:19
There's other exchanges like Gemini, which FYI Git Gemini is going to be at the Light Coin Summit Which I will be doing a lecture.
57:36
I will have on my tweed jacket, and I will be doing AI a Influencers panel at the litecoin Summit I appreciate them asking me to do it. And I gladly said yes.
57:54
Gemini is one of the main.
58:00
Supporters of the Light Coin Summit.
58:05
Now, litecoin, as of right now, is not on Gemini.
58:12
I can do you well, Gary T, that after the light corine summit, litecoin will be on Gemini.
58:27
You can't see me winking. But I'm doing it. Let me ask you a question right here Ben.
58:36
Yeah, um, I haven't gotten going somewhere with this. So I'll go ahead and tell you, I'm kinda loading up here. Do you by chance, have contacts?
58:47
at any of the any, any exchanges, it doesn't matter to me, do you have contacts at any of them?
58:54
Yes, OK, almost.
58:57
Go ahead, you go, ahead.
59:00
Almost every exchange of any relevance in America, I I have Friends people I talk to on weekly to probably biweekly basis OK, and Do you chance? Have anybody you speak to or have any contacts? Let's just say though, the litecoin Foundation.
59:34
Yes, OK, do you have any contacts?
59:38
At, let's say, the Lightning network, or lightning labs.
59:47
Lightning, labs, yes, OK, so it's, it's a fair statement to say, and I'm just, I'm gonna stop there, and not keep going, but you're connected. I mean, you can pick up the phone. I can't pick up the phone and call anybody at Coinbase.
1:00:02
But you can pick up the phone and you have people that you can talk to or e-mail with or text with The work within some of these organizations. And the reason I'm going here is because I know that as people are listening to what you have to say tonight, in some ways, they're probably going, man, how can he talk so assuredly about this?
1:00:22
And one of the things I want listeners to understand is that then, is putting together a puzzle of all the information that he takes in a day, which, in many days, I've spoken to him at the end of the day and you don't even have a voice left.
1:00:37
And he's taken that information from here and from there, from, you know, Digital Asset Group and from whoever it is, you're talking to all these different players and you're piecing those pieces together and go on now, I see the puzzle now. See the whole thing? This piece one in here and that piece one in there.
1:00:54
And I think it's important to note for the listeners that they know that you're not only a very intelligent person in every regard. You know, you know, not really you and I've had topics have conversations about DNA. We've talked about kinds of things, and Ben speaks as slowly and every one of them as he does cryptocurrency. So, it's very intelligent guy. I respect you a lot.
1:01:18
And, what I want people to understand is that you're putting together the puzzle from all the pieces you're getting from all these different entities that, again, a lot of those entities, I'm just, I'm not connected to those and do, so, that's really the value, you know, that I see when you're putting together this puzzle for people, if you follow what I'm saying.
1:01:39
Yes, sir, I.
1:01:42
And it.
1:01:46
I've had lots of people who have said, man, you, you're, you're really connected.
1:01:53
And that that kind of sounds like Jay like kind of like ah.
1:02:01
I have honored trench coat. and we're meet now at a park were flattened envelopes that each other, you know, that's, that really how it's, it's up.
1:02:12
It's really, it's people who have watched my show.
1:02:18
and they'll actually hook up with me on either Twitter or, or either on like Facebook.
1:02:29
And they're like, Hey, dude, I heard you talk about such and such, you know, I happen to know work at such and such, then I do a little research on my phone, and I'll be there and they do.
1:02:40
No, and then I talk to, and this isn't them, like, Hey, Yeah, I gotta, I gotta do charge, I got a deep, dark secret. I can't tell anyone, but I'm going to tell you.
1:02:54
No, it's, it's, it's, Although I do have, though. No, wait, wait, don't tell, nobody, but hey, this is what's going on.
1:03:05
It's, It's, it's, it's really just, it's friendships, right? I mean, it's friendships in that way.
1:03:15
Yeah. Just like you and me, we rewrite the friendship. It started that exact same way.
1:03:20
Exactly.
1:03:21
I have friendship plus lately, over the last probably six months, I have went like conferences and, and, I've actually done lectures over in the UK about cryptocurrencies and fun of like major CEOs of like large freegan banks and they're sitting there listening to a truck driver explain to them What eventually is going to eat up their business?
1:04:01
And?
1:04:04
Here, here's kind of a funny story, I was over in the UK, and, uh, and I was, I'm doing a lecture on, on cryptocurrencies.
1:04:18
and after the lecture, uh, one of the CEOs walked over, and we started to talk and he was arguing, not arguing, but he, he was trying to argue his point, that centralized, will never be replaced with the centralized end.
1:04:51
What I explained to him was this.
1:04:55
I said, sir, you're looking at this rock.
1:05:00
I'm explaining Cryptocurrencies.
1:05:04
You're explaining incorporations, when I have a $1 bill in my pocket.
1:05:15
Currency representation is de centralized, which means I can hand this $1 to a homeless person.
1:05:25
Or I can go to Wal-Mart and purchase, whatever, using this $1.
1:05:31
As soon as I put this $1 in to the Wal Mart, cash register, it is in a centralized system.
1:05:44
I said, you're looking at Wal-Mart and you're telling me that Wal-Mart will never except that $1, Bill?
1:05:56
Hmm, hmm, hmm, hmm, hmm, hmm, hmm, hmm.
1:05:59
And he, he looked at me.
1:06:04
L looks at a new game.
1:06:07
Exactly, He looked at me, and I said, If I was to offer you one.
1:06:17
Up a coin right now, would you take it?
1:06:21
And he said, of course.
1:06:23
I said, Then, why wouldn't your corporation?
1:06:29
And literally that, I, I could see the switch go off in is app.
1:06:38
After I set that.
1:06:41
And he smiled at me.
1:06:44
And he said my friend, you and I will be talking again.
1:06:48
And we have, I've had conversations with CEOs, large banks, over in the UK, on a semi-regular basis.
1:07:03
Let me ask you this while we're on the topic of litecoin, and I don't want to get you too far off your train of thought here But I had a few questions.
1:07:10
I want to make sure we covered and we're about an hour and 20 minutes in.
1:07:16
Like, I told you this this this thing could go for hours will. Go until we're done. I don't care about that. Listen, people can listen to it, or not listen to it. It's up to them, or break down the patient that That's what matters. And I don't have any commandments tonight.
1:07:29
I'm here talking with you to we are done while we're on litecoin, and I'll preface this with.
1:07:38
Um, I know that in some of our conversations. Privately.
1:07:43
You shared some of this information with me in any of it that you can share. Great. If you cannot, that's fine, And I don't expect you to back it up with any names. You've talked to me about it I wouldn't have you here if I didn't believe in you and what you tell me and those kind of things. But let me ask you a question just just as there's a couple of questions about litecoin. And then, some of these, I'm going to ask your opinion, and you expand on how you want to. So I might might preloaded on you a little bit. Here's the fractional that'll be kind of funny.
1:08:13
In your opinion, based on information you might have from any of your contacts. Do you really believe that litecoin was just kind of?
1:08:25
Oh, it's just kind of a joke. Kind of a funny thing to create along the way.
1:08:30
No Litecoin, litecoin was created on purpose, and with a purpose.
1:08:42
The creator of litecoin is a guy named Charlie Lee.
1:08:47
Charlie Lee is the leader of the litecoin Foundation, which, like I told you, I am peeking at the light coin.
1:09:00
So I do have some knowledge and information on what I'm talking about, and yes I have received information.
1:09:17
Ah, litecoin has been programmed.
1:09:26
The way it's been programmed.
1:09:29
four.
1:09:30
A reason and this reason and this rollout has been put in place for about 2.5 to three years now.
1:09:42
There's a programming, uh, part of like Coin, and also Bitcoin is called.
1:09:55
Aggregated witness, I'm not going to explain what that is, because it doesn't matter.
1:10:03
What it allows to happen is for litecoin, and also it coyne, to run on the lightning network. Now.
1:10:16
Charlie, Lee, Ah.
1:10:20
I'll let people do research.
1:10:23
I'll let them do their own research on it.
1:10:26
Who he is and where, yes.
1:10:31
His heritage comes from and who is in his actual Family tree who his mom and his dad are over in China now his brother his brother is a guy and and his name is actually Bobby Lee now.
1:10:53
Bobby Lee owned the very first cryptocurrency Exchange in China, Coke, D T C C.
1:11:05
Coincidence, right? Absolutely.
1:11:09
Totally coincidence that Charlie, Lee, and his brother, Bobby Lee, both got involved in crypto currencies at the almost the exact same time.
1:11:24
And that Bobby Lee, Targeted Exchange, and Charlie Lee, went to college over here in America. Now, Bobby Lee never went to college over here in America.
1:11:42
But Charlie, Lee, now, what college did he go to? He went to MIT.
1:11:49
Now, MIT, for those of you that don't know, that's where the smartest of this march of the engineers in the world go.
1:12:00
If you're a genius, and you're in engineering, whether it's it's aerospace engineering, or if it's cryptography, engineering, or computer programming engineering.
1:12:17
If you're wicked smart, you go to MIT what Charlie Lee?
1:12:25
Graduated phaseout, valedictorian of his class at MIT?
1:12:32
Now, when you're the smartest of the smart people, yours is Mark.
1:12:40
And once she graduated from MIT. Now, something else, I want to say about MIT.
1:12:49
MIT has it has A deep history with cryptocurrency and also bitcoin not going to go into it too long.
1:13:01
But charmingly graduates from MIT, leaves, MIT, goes over to Google.
1:13:09
Now, Google.
1:13:12
Whether you love or hate Google, Google, has an area of the company where it's a bunch of futurist.
1:13:23
Basically, what a futurist is, is there wickedly intelligent people who plan out the future of humanity?
1:13:35
That's what they do.
1:13:36
Technology wise.
1:13:39
And so Charlie worked for Google in the area of the Futurists.
1:13:47
And what he did there, I cannot get any information on what Charlie actually did at Google, what he produced, what he was working on it, in a, what, whatever he did is locked in a Vault somewhere.
1:14:07
I cannot get any information on it.
1:14:10
Now, when he was at Google, Charlie Lee was making **** good money and I know almost a million dollars according to public records.
1:14:23
Yes, yes.
1:14:24
So Charlie, leave, Google making, from what I've heard, and I agree with you, off of public records, about a million dollars, a year.
1:14:38
And he goes to a little startup company called Coinbase for like 100 grand a year.
1:14:44
Maybe a little bit over that.
1:14:50
That now mind you, he actually made he created litecoin, while he was at Google.
1:15:03
Oh, he leaves, Google, goes over to this little startup called Coinbase.
1:15:09
And I don't know about you, but walking away from that kind of money to join level place, that you're not sure if it's going to take off or it's going to do anything.
1:15:21
Are half the money, by the way.
1:15:23
Exactly, I don't know if I would make that choice, but, who knows maybe yes', maybe he's only in it for the cause of his brother, ah.
1:15:40
Rejoins Coinbase, and he becomes the lead guy programming and technical at Coinbase.
1:15:55
And from what I've heard is that Charlie's job at Coinbase was to lay out technologically about a 10 year plan.
1:16:11
Because remember, he's a futurist.
1:16:14
What he did at Google.
1:16:18
A 10 year plan two.
1:16:23
Implement and Move crypto currency along.
1:16:30
Luckily for him. He invented litecoin.
1:16:38
It was just a joke enough.
1:16:40
Oh, absolutely, just a joke, and Any program did the way He did so closely with bitcoin.
1:16:47
Just a joke Ah, and The interesting ben that he doesn't have to have a dev team because he creates litecoin, which is a clone of bitcoin, and nobody even call it a fork. They just call it a clone of bitcoin. It's not a fork. It's just a call, and He doesn't even have to have a dev team because the most fantastic dev team in the world working on bitcoin everything they do happen.
1:17:13
So litecoin isn't that interesting?
1:17:16
Absolutely.
1:17:17
Now, the one difference between litecoin and bitcoin, like I said earlier.
1:17:24
It korine runs on sha 256 litecoin runs on what's called Script.
1:17:30
Script is light Programming language, That's why he called it. Light coin.
1:17:40
Now, this what I'm about to say is very, very, very important.
1:17:49
Script Programming runs perfectly on what is called, Hive, Gee, Networks Now, the five G network is the future of.
1:18:11
Cellular technology.
1:18:18
The company that helped to develop the technology behind the five G network is Google.
1:18:37
They came up with this structure of the five G technology.
1:18:45
While Charlie Lead, I was at Google.
1:18:54
Why did he choose Script?
1:18:59
Why didn't he just use the sha 256?
1:19:07
That was on bitcoin.
1:19:09
Did he maybe no, that in the future, there would be this new cellular technology that would be absolutely script friendly.
1:19:26
I don't think that was on accident.
1:19:31
He was there.
1:19:34
So let's move ahead.
1:19:38
So he joins Coinbase works at Coinbase for about 4.5 or 5 years.
1:19:47
And during that High E along with a couple of other people implemented the the segregated witness on litecoin before the segregated witness was adopted on actual coyne.
1:20:15
So Charlie Lee had to talk with the miners of litecoin now at the time the number one country that was mining litecoin.
1:20:32
Was shy.
1:20:35
Let's remember where Charlie Lee flop.
1:20:38
Let's remember where his brother went the largest change China.
1:20:45
So he goes over to China and in his own words he made a big deal with the Chinese miners to implement segregated witness on litecoin.
1:21:02
So now he has the programming change that's needed on litecoin two.
1:21:11
Implement the Lightning network.
1:21:14
Lightning network would not exist without segregated witness, on litecoin, and on coyne Wouldn't exist. Wouldn't need it. Would there be no lightning network?
1:21:30
Lightning labs have have been developing the lightning or lightning network before it's segregated witness was implemented on litecoin.
1:21:48
Not On bitcoin, on litecoin So why would the lightning labs? lead to? remember? Who's the largest contributor to Lightning Labs?
1:22:00
Mastercard.
1:22:03
why would lightning labs and mastercard create a lightning network with out a coin to run on it?
1:22:14
Unless they knew the segregated witness would be implemented on litecoin and also on bitcoin.
1:22:28
They wouldn't have launched the project unless they absolutely knew that this technology was going to be adopted and it was.
1:22:40
So segregated witness was was adopted on litecoin After it was adopted on litecoin, Charlie Lee left, Coinbase Left Coin Base to sholay focus.
1:22:57
His humanitarian vision, litecoin, Now Do you think that Charlie Lee? And everything?
1:23:12
I've just explained to you happened by happenstance Absolutely not.
1:23:23
Charlie Lee is not gonna leave Coinbase to completely hocus on litecoin.
1:23:34
If there wasn't a 10 year futurist play it.
1:23:40
four litecoin already laid out.
1:23:46
That, my friends, and May I ask you another question?
1:23:58
Why would so many entity incorporations and people B going to the light coin summit?
1:24:16
Has anybody heard other than?
1:24:20
block chain no?
1:24:22
Fence or an Actual It coyne conference Has anyone?
1:24:32
Heard of a cryptocurrency Having A Conference Now this is not a theory Ethereum Corporations run on top of Ethereum.
1:24:49
Litecoin is a crypto currency Exchange of value.
1:24:56
There are a ton of corporations going to be at the litecoin summit Yes, there are.
1:25:06
Why would they be there?
1:25:10
You have to think like a corporation.
1:25:14
A corporation is not planning what it's doing next week.
1:25:20
A corporation has one-year plans, five year plans, in year plans, and so on.
1:25:33
Like Coring, and the Lightning network, and lightning labs.
1:25:41
Our future of global value, exchange, incorporations, countries and personal life.
1:25:57
And Visa, mastercard, any credit system.
1:26:04
And here's something else, lightning network.
1:26:11
It takes litecoin and it takes a coin.
1:26:17
And it turns them in two coins that corporations and lightning nodes and lightning hubs have to hold in their lightning nodes and lightning hubs.
1:26:36
It turns litecoin and bitcoin into a global proof of steak coyne!
1:26:49
While at the same time, we're solving on the Blockchain when they close out their light lightening channels.
1:27:00
So, each one of these cash rent districts, the small ones, and the big ones have to hold, is the goal, art, let's call him physical, physical, white coins, and physical bitcoins.
1:27:20
Each node.
1:27:23
And each hub have to have a reserve of each of those cryptocurrencies. Think of them like their cash registers.
1:27:35
They have to hold cash to give out change.
1:27:40
Most cash right now, art is not sitting in banks.
1:27:47
Most catch is sitting in cash when discharged.
1:27:54
There's more cash in cash registers right now then there is a catch at Actual Banks.
1:28:04
How much value are those two coins going to hold when the global cash registers of the world half to hold them?
1:28:21
It's going to be huge because the float.
1:28:25
Well, it's four times bigger in litecoin than it is bitcoin. It's still incredibly small when you consider this a global event.
1:28:34
Yes.
1:28:35
Yes, It, we're not juggled, we're not talking about America?
1:28:41
That's right, I'm talking about Canada.
1:28:43
We're not talking about Mexico.
1:28:45
We're talking about the whole globe.
1:28:49
And when you look at it like that, and you understand who's involved with the Lightning Network, which there's another group called leaked.
1:29:03
Digital currency group?
1:29:06
Good Lord, that's a rabbit hole.
1:29:09
The Digital Currency Group owns half of Coinbase who owns the Digital Currency Group.
1:29:18
That would be a little company called NAFTA.
1:29:23
Yep. Exactly.
1:29:26
So Naz DAC owns the company that owns Coinbase.
1:29:36
Once you put the pieces together, you see the painting.
1:29:43
And I see the painting clear as day, and the litecoin and the bitcoin are going to be Shoot.
1:29:56
It because eventually, now this is this is really look it out into the future.
1:30:05
Eventually there will be no more of any meaning any?
1:30:11
Pay at currencies, litecoin, and bitcoin We'll have eaten up.
1:30:18
All of the fiat currencies.
1:30:22
That's when ever we hit a transition into the foe exchange of labor for litecoin.
1:30:36
It's when you go to work and your paid in litecoin, whether you know it or not.
1:30:43
Like I said, whether you know it or not.
1:30:46
Your company, we'll probably have a lightning note or a Lightning Hoppe.
1:30:55
When you get OK, a transaction will happen in a smart contract on Friday that will transact that like coin into either your personal wallet, or if you have a Coinbase account or if you have mother account, hopefully you ever transferred into your personal wallet.
1:31:22
But once you're exchanging labor.
1:31:26
Go black crypto currency is when it's all over because then litecoin, and it coins value grow In par with the global productivity of humanity, as a schuman.
1:31:51
Economy grows, the value of litecoin, and also a bitcoin will go with it.
1:32:03
Your Honor, I rest my case.
1:32:08
Let's limit it to the jury. Let me, let me ask you this. Let's move toward a ETF question, OK.
1:32:18
Um hmm.
1:32:20
Before you go too far, because I know you have plenty, you can talk about this topic.
1:32:25
Do you think that right behind the announcement of Ethereum?
1:32:33
Uh, well, let me just, let me, let me put it to like this. Can you comment been on whether you have heard from your sources that bitcoin is going to be the only ETF?
1:32:46
Uh, pitch coin will have an ETF this year.
1:32:53
I have been told that by somebody in an office across from the office of who makes that decision.
1:33:04
And coin will not be the only crypto currency with an ETF by the middle of next year.
1:33:18
There will be ETFs on probably all of the top. In cryptocurrencies, we move Capacitor.
1:33:31
Remove tether.
1:33:36
Wow.
1:33:37
So, I just want the listeners listening to this to understand what, what Bitcoin Ben just said, whether his sources are right or not.
1:33:46
And I've been sharing and getting information from Ben for over a year now or at any year and a lot of the information has been absolutely spot on a lot of it.
1:34:00
I would say the bulk of it.
1:34:03
If what he just said is correct, there will be an ETF this year that doesn't mean the next 12 months. Right? Beyond that means in 2018.
1:34:12
Yes.
1:34:14
OK, now while you guys know, I've been telling you that Bitcoin does not need an ETF for Bitcoin to go. What bitcoin needs to go and all cryptocurrency is for the exchanges to remove their funnels and then the coins will go crazy. But they have funnels on it and if they just remove those and let people buy.
1:34:34
No sky's the limit, absolutely sky's the limit. We don't need an ETF but the media has been conditioning everyone to think we need an ETF for there to be another bull rally.
1:34:46
And so my point to you guys is this, what Ben just said that his sources are telling him, Should put hundreds of thousands of dollars in your pocket. Be it come to pass.
1:34:59
Yes. I just told you, this year, 20 18, because now the media has been convincing the whole world of it. It'll give them a reason of why, oh my God. Why did, why did Bitcoin go?
1:35:12
He fell so hard down to, about, you know, 5000, or 6300 or wherever. And then all of a sudden it turn a net rallied, so hard and my God now it's at 65,000. How did that happen? Oh, I didn't notice we got an ETF.
1:35:29
Don't give them a point at that, but because they don't want to talk about the real reason. and the real reason is it's 50,000 people a day are signing up a Coinbase. They want to get in. They want to buy, They want somebody to take the handcuffs off. But but they don't, They don't get to make that decision.
1:35:46
Yes, yes, Has anyone noticed?
1:35:52
Anyone who has A Coin Base Account, your levels of actual buying and selling will fluctuate.
1:36:06
Mom, I've had it happen on mine.
1:36:09
I had a $100,000 a week that I could remove, and then towards the end of last year, all of a sudden, it got rolled back and I could only do 2500.
1:36:33
And I was like, well, that's odd.
1:36:37
Yeah. That's like having a credit card with a $10000 limit.
1:36:43
Then you go and you try and purchase $1200 and they're like sorry. Your limit has been shrunk down to 800.
1:36:53
Now, that's how they have controlled the influx.
1:37:00
In and out of cryptocurrency of the Cause of the Common Man, Alright?
1:37:09
We remember last year, for those of you who were around, ill and liked November and December, whenever, like a coin would have, have a run, or have a really good, nice red day, where you're like, I'm by, you got on there, good luck.
1:37:30
Actually buy in the dip, 'cause Coinbase would lock up the sand yellow layer, Sorry.
1:37:37
Your order could not be completed at this time, we'll send you back your time. Yeah?
1:37:45
It's It's all All of this has been control.
1:37:51
I was told and I was told by a guy that if I said his name?
1:37:59
You guys would know who I'm talking about because he's a major player in cryptocurrency.
1:38:06
In fact, he won't What are the largest corporations in cryptocurrencies?
1:38:15
He told me that last year was a test.
1:38:20
Last year was a rate of adoption test They needed to see how quick the general public would float towards it.
1:38:31
They were not ready for what they found That's why you got the funnels on this year Exactly, Because last, let's remember, and this wakes back with what you said let's remember that OK, coin jumped from what like 6902 almost 20 grand and what like four or like five weeks?
1:39:02
Yeah, we're at 5520 grand in 27 days exactly that my friends here's what happens when you take an Inflationary currency like the US dollar and you put it up against a deflationary currency like OK, coin Bitcoin eats it for lunch.
1:39:30
It eats it for their it. Eat it for breakfast, wakes up in the middle of the night and has a US. The sandwich.
1:39:41
Crypto currencies are deflationary, currencies.
1:39:47
They naturally eat.
1:39:51
Yeah, currencies.
1:39:53
That's what they do.
1:39:54
That's all they do.
1:39:56
They eat worklist currency because they are a true store of value and litecoin, and the bitcoin.
1:40:12
Our future global exchange kokand Using the Lightning network.
1:40:21
Now price per unit Your profit is in litecoin of the average Joe.
1:40:30
Really have anybody of the average Joe?
1:40:35
Is in litecoin, litecoin at, whatever it is right now. I think last I saw was at $61, or whatever it is.
1:40:45
If you don't think that litecoin is gonna reach all-time highs and then next six months, three months.
1:40:59
My French you don't see the forest.
1:41:04
You're looking at that quick, right in front of you.
1:41:10
Look, look past the twig and see the lush, green orest, of the crypto currency structure that's being built, and who is building it?
1:41:30
I'd say we call that a raft.
1:41:34
Absolutely, my friend, that's great.
1:41:37
That was fan. So let me ask you a couple of yes or no question.
1:41:40
Just yes or no, OK?
1:41:43
Do you think that because of how big litecoin is going to be, do you think they're keeping it out of the public? That is you only always hear about bitcoin yet last year alone litecoin, outperform bitcoin. What was it? 5 to 1 almost?
1:42:01
Yes, and let's just say that the light coins Ahmed is gotta change all that waving the green flag for litecoin to go I had a fail, and that's what we're gonna see as well.
1:42:26
Yeah, they're having they're not putting this litecoin event together just kind of pile around with other cryptocurrency. Correct?
1:42:43
You didn't know what I mean?
1:42:44
It's this event has a purpose.
1:42:49
This event has has a reason who exist.
1:42:56
And everyone who is going to be at this event, all of the entities, all of the corporations, all people, all of the financial institutions that are going to be there.
1:43:17
This is this is the kickoff for litecoin.
1:43:26
There's a reason that Charlie Lee has not really been a cheerleader for litecoin, thatch.
1:43:40
She's actually talked about it, but not much of a cheerleader.
1:43:43
But that's that's going to change at this summit and after. That?
1:43:58
I can tell you right now there's if you're not holding the light coin because let's remember litecoin into cryptocurrency, Ethereum is a utility token.
1:44:15
Yeah, you tell the token no matter how how valuable the platform is it has a usage cap. It has a price cap.
1:44:32
Cryptocurrencies like litecoin and bitcoin They do not have a value.
1:44:40
Yep.
1:44:41
They are a currency.
1:44:44
There's no price that litecoin could Yeah, There's no price that this is that bitcoin could hit because they absorb Productivity hmm, hmm, hmm, hmm.
1:45:03
Alright litecoin ETF yes or no?
1:45:07
Within the next.
1:45:10
Sure six months yes.
1:45:15
All right litecoin also being used as a utility token where other coins run On top of litecoin Yes or No, yes.
1:45:23
In a year and a half and a year and a half So that's been pushed out a little bit.
1:45:32
Yeah, and there's a reason it's actually been pushed out.
1:45:44
Litecoin Will be Eventually Ethereum and EOS. Now this is in the future.
1:45:58
Eventually, Ethereum and EOS and all of these other platforms will absorb that in two litecoin Network Yeah, I see that too.
1:46:14
All right, last question, buddy.
1:46:16
Fourth quarter this year, which we are, let's see, October, November, December. So, we're almost there.
1:46:23
Are cryptocurrencies, in your opinion?
1:46:26
This is just your opinion. Are they going to be an absolute tear or what?
1:46:31
Yes.
1:46:33
Now, aye.
1:46:38
The main focus this year, is going to be on the action, on the action on it, on the actual bitcoin.
1:46:51
Now, that doesn't mean litecoin, and the coins aren't going to grow.
1:46:57
But most of the economic attention will be on Bitcoin mm thought.
1:47:07
Once there are a few announcements, and this is going to happen after January.
1:47:15
There's going to be a couple of announcements of the Lightning network, and a credit card company.
1:47:27
Once that announcement happens, the focus is going to switch.
1:47:38
And litecoin is going to be pulled into the headlines a lot more.
1:47:49
Absolutely.
1:47:52
I can't thank you enough for coming and share them with us tonight. And I appreciate how you went about it to you, actually, what about this?
1:48:01
Because you don't know who's listening and you want about it from a perspective that, even if it's somebody who's just getting started in crypto in the last six months, they'll get something from this. And even the guy who's been encrypted for awhile, we'll get something from this. So, again, real genius on your part. I appreciate you doing it that way.
1:48:22
Oh, hey, I, I appreciate you. I appreciate everyone in your Tray Reading Group.
1:48:31
You guys are going to make over the next two years, if use.
1:48:41
Liquid J: And listen to what he says.
1:48:45
He, he, he knows what's going on.
1:48:51
He isn't just looking at charts, he heep, he has a grass.
1:48:59
Oh, of cryptocurrencies that most traders do not have.
1:49:07
So there's a lot of people out there who trade, but there's very few in fact Js probably the only one I can really think of Who who has the grass.
1:49:26
And I think that's why he actually brought brought May I put it up as a graph of of over over the next two years if you work with Jay and you, and you really listen to what he says you have the ability to make generational life-changing money.
1:49:59
Notice, I didn't say life-changing money.
1:50:03
I said, generational life-changing money, where your grandchildren have a shrine up in your house to you.
1:50:14
That's the kind of money that you can make when you work with a person who doesn't just trade.
1:50:26
But graphs and has speed connections inside of the industry.
1:50:35
That's a trait.
1:50:39
That knowledge is invaluable.
1:50:43
And that my friends is is is is one of the reasons that I call up Jay, all the time.
1:50:54
We have some great conversations, my friend.
1:50:57
We do.
1:51:02
I appreciate you so much, I'm gonna end this recording. Just hang on the line with me here for one second, OK?
1:51:07
Yes.
1:51:09
Everyone, have a great day.

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