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Surprise stream where I answer questions from the audience.
Nov 25, 2019
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Load earlier
23:57
and out of Bitcoin was a hundred dollars
23:59
which it is if you paid half a percent
24:02
in and half a percent out and the market
24:04
didn't move against you at all and you
24:06
didn't pay a bit aspirin now if you guys
24:09
already own Bitcoin well it's a
24:11
no-brainer you claim it's free but if
24:12
you guys that don't own Bitcoin yet and
24:14
you're asking yourself well should I buy
24:17
the Bitcoin before the snapshot wait for
24:20
the snapshot sell it for aetherium
24:22
and then suddenly the theorem the
24:23
adoption up a fire and maybe spread it
24:26
over the first week see if you can get a
24:27
better ratio right like less people join
24:30
that week that day or something and then
24:32
maybe the share price doesn't move
24:33
against you that much because it hasn't
24:35
ratcheted up that high yet I think that
24:40
AAA is going to outperform the free
24:44
claim unless you already hold BTC if you
24:46
already hold BTC you're not paying that
24:47
1% round-trip penalty it could be far
24:50
worse the market could move against you
24:52
a few percent can move against you I
24:54
have a lot of a percent really we've
24:56
also moved in your favor you can't tell
24:59
right market timing is its own hard
25:00
thing but now that the round-trip price
25:04
per Bitcoin is less because the price
25:06
per Bitcoin is less so even if you're
25:08
paying that 1% round-trip still you know
25:12
you're paying it now on a 7250 priced
25:15
Bitcoin instead of a 10,000 Bitcoin so
25:19
your round trips about 1/3 less which
25:20
means that maybe a third less aetherium
25:23
would need to be sent in order to make
25:25
the free claim more viable in which case
25:27
it would take you diff from 6 million
25:29
down to 4 million so if you think if you
25:31
think more than 4 million is going to be
25:34
sent to the AAA on the first day then
25:36
it's probably more cost efficient to
25:38
free claim for the first day if you
25:41
think
25:42
it's less than four million that's gonna
25:46
get set the first day then a is more
25:48
efficient right and then that same math
25:51
you have to do every single day now if
25:54
you think for millions gonna get sent
25:55
the first day do you think for millions
25:58
gonna get sent every day for three
26:00
hundred and fifty days because what's
26:04
four million times three hundred fifty
26:09
mm let's take a look here
26:18
it's really 351 there's 351 days okay
26:24
it's 1.4 billion so if you think if you
26:29
think that there's going to be four
26:31
million a day in there that always makes
26:34
free climbing more efficient than than
26:36
AAA then the contract will have received
26:40
about 1.4 billion and eath over three
26:43
hundred fifty one rounds which is 3 or
26:45
15 days I don't know I don't know it's
26:49
gonna look like and I also know that
26:50
this opportunity to get in and get out a
26:53
Bitcoin just for free claiming the
26:55
window is very short right you've only
26:57
got six days and five hours left to do
26:59
it so once that period is over we don't
27:02
even have to ever do this math again so
27:03
this math that we're doing right now
27:05
like comparing a to free claim we'd
27:07
never have to do it again after the
27:10
snapshot because now you don't have the
27:12
opportunity to go back in time and have
27:14
bought Bitcoin before the snapshot right
27:15
you just have the ability to either get
27:17
into a or refer people or buy it from
27:21
somebody else that did those things
27:22
right mm-hmm let's take a look at chat
27:27
so if you guys if you guys want to free
27:31
claim you should be getting your Bitcoin
27:32
into the right wallets now you can go to
27:34
Timea for such a hex crypto to make sure
27:36
that's gonna work out for you you know
27:40
you can have a Tech Specs page on the
27:43
website to see what kind of addresses
27:44
are supported you can watch the video
27:46
that shows you how to claim and stuff
27:47
it's a minute and 24 seconds long it's
27:49
in the videos page tomorrow I'll
27:52
probably making another video because
27:53
the user interface has been improved to
27:56
be way cooler it shows you you know how
27:58
much bonus you're getting and shows you
28:00
like all types of awesome stuff so I got
28:03
to redo that video to show you how much
28:05
cooler it is and I can also walk you
28:07
through the adoption amplifier which I
28:09
believes the most important part of this
28:10
thing so I can do that
28:13
hopefully tomorrow as well it's really
28:15
I'm the limiting factor all the tools
28:16
that I need are there now what else yeah
28:21
so if you if you want to be in the game
28:28
get your Bitcoin where it needs to be
28:29
and make sure you've got the channels
28:32
open and ready to turn into eath and
28:34
then you can turn into X that's the game
28:38
so you need to have exchanges to be able
28:42
to do that and sometimes then most of
28:46
the time they want you to MLK oh I see
28:47
so you better be getting set up now and
28:50
you'll be lucky if it's done in time
28:54
because these people you know like the
28:56
exchanges are not known for being the
28:58
best counterparties in the world you
29:04
said that you can't guarantee what will
29:06
be done with the funds received and the
29:08
adoption up fire because of the
Howey
29:09
test
can you guarantee that the funds
29:11
won't go into your personal address I'm
29:14
not going to guarantee you anything so I
29:16
don't under I don't understand this this
29:18
idea where everyone thinks that they get
29:20
to be the cyber police and figure out
29:22
what everyone else is doing with their
29:24
money no one is telling you guys
29:26
anything about what they're doing with
29:28
any of their money whatsoever
29:30
no one knows anyone else's balances no
29:32
one knows where anyone else trades no
29:34
one knows what volume they do no one
29:36
knows any of these things
29:37
you're not the cyber police the world is
29:40
not better by you knowing and in this
29:42
particular case of hacks you super super
29:44
super shouldn't know because if there's
29:48
a chance that you think there's benefit
29:50
from you sending money somewhere then it
29:54
could trigger another leg of the
Howey
29:55
test
there's four legs and the less of
29:58
them you trigger the less likely you are
30:00
to be called a security the less likely
30:02
you are to be banned from exchanges
30:04
because crypto exchanges don't carry
30:06
securities because they don't have
30:07
broker dealer licenses so since
30:10
exchanges aren't broker dealers they
30:13
don't list securities you don't want
30:16
your cryptocurrency to be labeled as
30:18
security because you won't be able to
30:19
trade anywhere so it would be very easy
30:22
for me to make big promises and say you
30:25
know any money that went to this thing
30:26
it's gonna turn to this awesome thing
30:28
and that awesome thing and this awesome
30:30
thing and that's would be that would
30:33
amplify the amount of money that would
30:34
come in wouldn't it right because people
30:36
would see more value right
30:38
but I have my hands tied by the law I
30:41
can't do that and I won't do that so I'm
30:44
not going to make you any promises or
30:45
give you any expectations about work
30:48
that I might do or work anyone else
30:50
might do or what money might belong to
30:54
who or do what thing why would I do that
30:57
I well I don't want to be listed as a
31:00
security right
31:01
I liked this thing to be on exchanges
31:03
the key people keep asking something
31:06
people that they they're too dumb to
31:10
understand that they're threatening the
31:12
project every single time they ask that
31:14
question right I can't be more clear
31:17
expect absolutely no profit or benefit
31:21
whatsoever from the etherium that you
31:23
send to the contract seriously truly if
31:28
you send it great considered a donation
31:30
if you don't send it great
31:33
the the thing still works just fine
31:35
without that right you'll just have less
31:37
hacks but the project still operates
31:39
perfectly fine right so Richard hex
31:48
takes off it makes you a ton of
31:49
money will you finally get that
31:50
Candlestick fixed sure because you asked
31:54
yes it's more of a time hanging out of
31:57
money thing I could fix it myself I just
31:59
have to buy torch
32:06
why the change with the referrals the
32:09
referrals didn't change so I took off
32:12
the the guide on how to make a referral
32:14
link from the website because when I'm
32:17
talking to larger refers I'm trying to
32:19
onboard them they say well isn't
32:22
everyone that I sign up just gonna refer
32:24
themselves and the harder I make it for
32:28
people to screw refers who have worked
32:30
hard to get the word out about the
32:31
project by stealing Commission's from
32:34
those people the harder I make that the
32:35
happier they are right so nothing
32:39
changed no software changed whatsoever
32:41
but if you want to become a refer and
32:44
learn how to make a referral link it's
32:47
harder for you now because you should
32:49
actually be a refer and not just a
32:50
retail guy that wants to steal the
32:52
commission of the person that actually
32:53
referred to you this is what changed
32:55
mmm-hmm because in the end having a
33:00
larger piece of a smaller pie is
33:02
crappier than having a smaller piece of
33:04
a larger pie if you own 10% of all the
33:07
hacks you could only 10x your money
33:09
because you could only get a hundred
33:11
percent if you want more than a 10x on
33:13
your money you need to have USD
33:16
appreciation which mostly comes from
33:18
onboarding new users right so if you
33:21
want more users what do you need you
33:23
need advertisements good advertisements
33:25
okay well if you have a referral program
33:27
that pays people a good Commission right
33:30
like I show my referral link old-time
33:32
pumpa mentals comm you want 10% more X
33:34
go to pumpin mentals com right other
33:37
people are doing the same they're making
33:39
guides they're making videos or making
33:41
walkthrough tours and I like them and I
33:43
link them and I tweet them because they
33:45
deserve that they worked for that right
33:46
so we need a good referral ecosystem and
33:50
the refers need to pay paid well for the
33:52
work that they're doing and that's the
33:55
only way that you're gonna get scale and
33:58
onboarding a massive users is through
34:01
honest refers referring people and
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