Biometric Bitcoin hardware wallet, Bakkt is live, South African bank strike, custodial RISK


Hello everyone this is adam meister the
bitcoinmeister the disrupt meister welcome to the one bitcoin show today is
September the 23rd 2019 strong hand unique beast value or wealthy bitcoin
having height one bitcoin equals one bitcoin offended by selling bitcoin is
the next bitcoin hello my leap friends welcome to the show follow me on twitter
te CH b alt check out all the archives disrupt meister calm the beyond bitcoin
show was great on saturday and fridays this week in bitcoin with guy swan
christian and jeff van drew was also awesome this friday
caitlyn long will be on that this weekend bitcoin show so prepare for that
i’m giving you plenty of time to prepare she’ll tell us what happened in wyoming
and all sorts of all sorts of great discussions no doubt about it
hey yesterday’s show thanks for the support
henry law you said 50 hong kong dollars to me and anyone can do that with the
super chat or you can send just retweet me that
that’s a great way to support me tech multi sees reality but Henry law of the
Hong Kong dollar fame long live Hong Kong the next 100x altcoin won’t be any
of the existing ones he says many bag holders of old 2017 alts old 27 oz are
happy to leave at their break even points new alts have much for your room
for price discovery well I think you mean newer alts uh will have more
gamblers gambling on them and we have no idea which ones will 100 X and it’s
totally insane to gamble on them but there’ll be one that does better than
current alts so just hold your Bitcoin tell Matt like but alright oh man so out of Korea we were just talking about
Hong Kong there thank you Henry again but there is a new wallet the Descent
wallet it’s a hardware wallet biometrics authentication built-in fingerprint
scanner adds convenience and enhanced security for access control and fast
transaction signing I found out about this because of when I was doing my
research on the a Wyoming event that just happened and they were there with
their wallet and it looks pretty cool to use a fingerprint to work your hardware
wallet that’s that’s a little bit different than the Tresor so I link to
it below tell me what you think about it hey compete don’t complain I’m glad
there’s there’s more competition in the hardware while at space I had not heard
of these guys before again they’re out of Korea decent wallet comm link to
below with your fingerprints and it’s great biometrics alright so let’s go to
another part of the world I’m taking you all around the world I just also wanted
to see roller coaster of love for some reason found that like button roll
acoustic alright now I product probably thinking of another song it’s about
going around the world but I’m just thinking about roller coasters
alright South Africa’s banking strike what you need to know according to the
banks alright so people who work at banks in
South Africa are gonna have go on strike on Friday the banking association and
we’ll tie this in the big coin well first of all Bitcoin never goes on
strike pound that like button the bet I mean that’s the one of the bigger
takeaways from this but there’s a little bit more the banking association South
Africa basa says that its members are taking the necessary precautions to
minimize disruption and inconvenience customers ahead of the proposed protest
action on February the 20s I’m good on Friday the 27th of September
the statement on Monday yesterday basa said that banks will be operating as
usual on that day however in case of unavoidable disruptions at branches
betting customers should as far as possible make use of digital banking
services it’s said the Union is upset with the increased digitalization of
banking practices hmm it’s caused significant retrenchments and many of
our major banks including 1200 job losses at 91 standard bank branches the
workforce have had enough and unless groundbreaking interventions are made by
the end of the week a banking shutdown will grip South Africa now you know
South Africa’s pretty status you know I wouldn’t be shocked if eventually the
the government mandates that all banks has to have to hire a certain amount of
bank tellers but banks are realizing they don’t need bank tellers anymore in
the United States I bet we won’t have bank tellers at all by the end of the
2020s there might be people who work in the banks but they’re becoming useless I
mean everything can be did you everything can be turned into a machine
a machine give you everything and so these people were angry in South Africa
they’re gonna go on strike okay let them go on strike but is Bitcoin forcing its
gonna it’s gonna put pressure on these guys in the future to digitalize because
obviously bitcoin is totally digital so is that the regular Fiat banks are
competing with something that is totally nimble and digital hires no one needs no
needs no employees to work correctly you save your money in Bitcoin you save your
Bitcoin you control your own private key you don’t need anyone to look at you
don’t need the withdrawal it you didn’t need though to log into some
website to access it and maybe the websites down because the bank got shut
down Bitcoin doesn’t run out bitcoin doesn’t have bank runs a bank run could
happen because of this by the way because some people are worried they’re
not going get their money they might pull all the
money out on Thursday who knows what could have what could happen there but
it’s interesting to to see that maybe no maybes and if these banks want to
compete with Bitcoin they’re gonna have to become more digital which will force
them to fire more people which will create more angry union members etc etc
so that there’s your little time in there but the bigger biggest takeaway is
that Bitcoin does go on strike and if you’re in South Africa I don’t know why
you still have a bank account with Rand in it I really I don’t I don’t get it
man I mean you just have a credit card paper stuff can’t you alright if you
need to use Fiat and well you you do need to use for yet sometimes you gotta
buy necessities I understand that I understand that all right so you did you
do these something ok yeah if you have a well now I I don’t get the that the way
a crypto is right now we Bitcoin is right now you could set up a system
already where you don’t need a bank in something I don’t here’s a better here’s
a better statement if you have a bank account in South Africa you should be
keeping as little Fiat in there as possible use of your savings in Bitcoin
of course that’s the bottom line of this whole channel forever moving on back
started we’re live found that like button they said no I said that the
first backed Bitcoin futures trade was executed at 802 p.m. last night at a
price of ten thousand one hundred fifteen dollars now Zhu xu says fact
will likely back will be likely first a trickle and then a flood the reality is
that most regulated futures contracts get low adoption on day one simply
because not all future broker’s futures brokers are really are ready to clear it
many people want to wait and see the tickers are not even populated on wrist
systems etc okay I mean you know you financialization people you can play in
realm I’m glad it’s happening in Bitcoin welcome welcome to the big boys back if
you want to play with back play with back for me I keep it as simple as
possible just buy and hold that Bitcoin on your on your store on your hardware
stores or device maybe now biometrics maybe thumbnail thumb thumbprint who
knows but but in that thread that’s talking about that some guy and this is
this this is a and this is all link to below
this is traditional advice here I see where this guy is coming from he says
it’s wise to have a percent of your assets with a regulated custodian this
is called risk management alright do pre Bitcoin this may have been true but man
you be your own freakin custodian dude I win it’s not risk management you’re
you’re letting a custodian control your private key that seems to be increasing
risk in my mind if you’re letting someone else could turn your private key
yeah that’s Bitcoin is the opposite of what you think you should but but I will
say this you traditional investors some of you are just going to blindly do what
you’ve always done what this guy said you know a but to have a percent of your
assets with a regulated custodian you’re gonna keep all your Bitcoin with a
regulated custodian probably some of you people but you know that is that is not
risk management you a Bitcoin for me bitcoins you supposed to be your own bag
you’re supposed to control your breath do you trust yourself do you not trust
yourself it’s you know trust yourself it’s better than trusting a third party
a custodian man all right so yeah that’s some old-fashioned advice that Bitcoin
that just totally up ends and reverses all right JW weathermen had a very
interesting tweet out there that goes into the the realm of the wrench attack
I know there’s so many people ask me about the wrench attack because you know
just so many people in this world know that you some regular dude out there
who’s never really publicly said they own Bitcoin so people know you have
Bitcoin for some reason and they’re gonna Jack you on the street because
they just know you have Bitcoin and they’re gonna start beating the heck out
of you because they know you’re Vic I mean come on people we’re so early in
this game Kent if you’re a Bitcoin you really don’t have to worry about the
wrench attack if you’re not a public figure if you I mean if you’re just some
regular Joe you got Bitcoin you have a half a Bitcoin somewhere the French
attack I mean you really just got to be and you see that’s the thing people
start worrying about these far-fetched attacks and then they’re keeping their
Bitcoin a coin basis but but for some people that you you know I think JW and
his twins talking about people but there are some people who publicly have made
it publicly stated that they own Bitcoin and so I still I think there’s people in
this day and age still are pretty darn safe walking on that I don’t wanna jinx
anything but there’s just not that many robbers yet who are really into the
Bitcoin type of thing I mean if you’re like huh don’t crack you just break in
somebody’s house they don’t care if your own Bitcoin they just want ten dollars
okay it’s something they can they can give you know I think there’s some more
sophisticated robbers or they get steal your car but you know Bitcoin really
it’s not really a thing yet once it does become that you do price of Bitcoin is
gonna be quite high it would be worth their while they’ll be a little bit
coins worth it’s in the six-digit realm I better learn how to rob these things
and targets is anything that so this advice that JW gave will be really good
then Andy and I don’t want to underplay things you can still get wrenched
attacked especially if you’ve made it public
I mean someone could trick you like hey let’s hang out I love you and you
you’re-you’re so I mean like some people who value their wealth in women and
value their wealth in Bitcoin they could get you they could be in a bar one day
and some woman approaches them and that’s how
they could end up being French attack so in that case if you own significant
because with a datum if your own significant Bitcoin and don’t always
carry a handgun you’re ignoring your most cost-effective option okay so I
mean he’s got a legitimate point out there for all these people trying to
worry about how much they have to spend to have the same computer model of
storing their Bitcoin that that trace manner has I mean the most effective you
know the most effective way of protecting yourself from really losing
your Bitcoin but again if you get your treasurer it’s safe but then if you’ve
got your treasurer where somebody comes up you know knows that you got it on you
and can physically harm you and like put you in a headlock and say you’re getting
everything out of here you’re sending it to this address
well yeah the handgun is very cost effective very I mean it’s it’s pretty
cheap but that’s a one-time cost you got it down now in some again be careful I’m
not telling you to do this because in some states is illegal and everything
like that but he is very good for always carrying a handgun you’re ignoring your
most cost-effective option yeah against the ranch attack that is a that’s the
most cost-effective option there all right dudes you know vention he’s uh
he’s he see then she publicly states he’s got the Bitcoin you don’t know what
his real name is of course but at the same time he’s always showing he’s got a
freaking gun next to his Bitcoin so and he’s a dude alike he still worries about
getting wrenched attacked I think he’s got nothing already trust me
it’s almost thing about wrench attacking a public figure and they see one of
those public figures is always like brandishing a handgun on his videos
they’re not they’re not gonna work then I can’t try to find out who he really is
okay i’m adam meister the bitcoinmeister this rut meister right that’s not really
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