The 1 Bitcoin Show- You can’t mine extra BTC on asteroids, Mixers, Taxes, Ethereum, Libra, Portugal


Hello everyone this is Adam Meister the
BitcoinMeister the disrupt meister welcome to the one bitcoin show today is
August the 29th 2019 strong hand like this shirt says baby beauty neat Beast
value wealth and bitcoin oh we’re gonna talk about unique beast all this is
hilarious having hype uncomplicated will one Bitcoin deals one Bitcoin
yeah I’m offended by selling but I’m going to tell you about some long-term
capital gains information in a second in motion five digit realm yeah best guest
in the space including tomorrow Ansel Lindner is on tomorrow further this week
in Bitcoin show tune in around this same time probably a little bit earlier yet
tomorrow it starts a holiday week in the United
States I’m sure no one is already working right now
you know Israel’s got a pretty big advantage on the US this coming weekend
what we go back to work on Sunday America won’t go back to work on Tuesday
yet people will still complain well this is a conspiracy it over there in Israel
yeah just work pound that like button okay
dudes and I will be back in the United States on a September 26 by the way so
wow I’ve got a month here to go but there’s a lot going on here and let’s
start talking about Andreas Antonopoulos has a video out there and it’s at the 17
minute mark the very end I I was quite inspired because he starts comparing
gold and Bitcoin and if the price of gold went up enough they would produce
more gold David below people would blow up
mountains to just get a little bit more gold they’d go into space to mine an
asteroid to get gold if the prices if it goes up enough they will find more gold
okay so people say there’s a limited supply well if the price is right
they’ll get more supply okay now with Bitcoin price goes
up you can go to an asteroid you can blow up a mountain you’re not going to
get more Bitcoin you’re not going to be able to produce more Bitcoin now this is
why there gonna be some people that are going to come up with ideas or maybe
regional produce some more Bitcoin let’s change something let’s steal from the
Satoshi wallet let’s do this that and the other all these again Bitcoin is the
security truth machine ok it’s not changing if you changed it it would no
longer be the security truth machine ok but so everything stays as it is you
can’t get more Bitcoin you can’t go to outer space to get it you can’t blow up
a mountain you can’t dig into the core you’re not gonna find it everything else
oil gold you can find more of the price goes up you’re gonna find you’re gonna
find more of it ok but that is the unique the uniqueness of Bitcoin and I
think you’re gonna explain that to a friend and I think you could show that
video to Andreas Antonopoulos he specifically says let me quote him here
bitcoin is a unique economic beast pal that like but oh yeah he said that
bitcoin is a unique economic beast you watch the video 17 minute markets linked
to blue he uses the term economica a unique beast also be a freaking unique
beast be bitcoin alright so I’m glad I don’t know where he could have heard
unique beast before he probably came up with it anyway alright so yeah it is
truly limited supply Bitcoin truly these natural resources oh you can find more
you if the price is right you start blowing off things now we move on to a
positive tweet first of all pound that like button people because you got to be
happy to be a unique piece today baby here is a happy tweet from St Hank when
I got into Bitcoin the only thing I was sure of was that I was late to the game
ouch I was hunted it was hundreds of dollars for one Bitcoin so expensive
clearly the ship had sailed it always feels that way
first we’re still early and it’s still cheap so there you go all you newbies
you are sure that you’re late to the game right you’re not late to the game
look at that tweet everyone always thinks they’re late to the game when
they gave the Bitcoin okay one day you’ll be late to the game
you know once all these big financial institutions are heavily invested in it
and and hey we’re not there yet we are still early so everyday people are
getting into it they’re like oh I’m late to the game Emily they’re feeling bad
you’re early dude that’s welcome to being a newbie you always think you’re
late to the game you’re not hey I mean I remember 2013 I
thought to myself oh man I could have gotten a new you you laugh now I mean I
when I you hear that I got in 2013 you think I’m an old gray-haired a long
beard rabbi been through this and I am I had been through a lot that I haven’t at
og but there was a time when I was like oh I’m such a newbie there’s so many
more people in this than me little did I know that’s that’s what
being a rookie is about you learn you learned over time pound that like button
people it’s still early so much to look forward to and if you’re holding that
big coin you got have that strong hamp be really happy that one you are one of
those unique beast that’s got the long-term thinking and and it’s not
impulsive they can think and hang on to this stuff all right now mixers oh you
guys are always asking me about mixers errand on weirdo has a good article in
Bitcoin magazine about the mixers and we can identify funds going into services
into mixers Curtis said a common misconception is that we can trace the
path of funds through a service in order in other words mixing works okay so
let’s get down to the business here they can tell these these these tracking
services okay they keep track of every one I don’t want to name their names
their references in Bitcoin magazine they could tell if you send to a mixer
but they can’t tell you know what’s when it’s coming out and make sure they don’t
know who it’s going to okay so if you are a bad dude okay you stole the
Bitcoin you send it to the mixer well you’re gay you’re getting away with it
at that if if people didn’t really know who you
were beforehand your your your they’re not gonna be able
to track the Bitcoin anymore the stolen Bitcoin is gonna be cleansed okay you’re
getting away with it but it is interesting article check that out don’t
FOMO on altcoins B I don’t know what it is anyone FOMO all coins here at this
point Bitcoin is going back to 70% dominance almost and again yeah that’s
it all the Fiat prices going down but in terms hey bitcoins still beating them in
terms in terms of Bitcoin there they are losing value so of you know not the
phone moment all coins but it might become a bigger a bigger story
if if the reason for this fiat downturn is just people throwing in the towel on
their altcoins changing it the Bitcoin and then selling
their Bitcoin but some people not selling their Bitcoin at that point
hey we shall see time will tell for me doesn’t matter because I’m just hoping
my Bitcoin I was in all coins huh I didn’t diversify for the sake of
diversification didn’t have it crypt what’s your crypto portfolio Adam its
Bitcoin pound that like button so because my Krypton portfolio is Bitcoin
I don’t have to worry about what all these nonsense all coin people are
worrying about Bitcoin dominance getting up there all right yeah dudes if you
have questions do the super chat I’ll answer them okay dude badge badge says
that a crypto dividend is coming up soon I’m not going to name its name because
it’s been around the corner for a while I don’t watch the guys videos so badge
says it’s coming out in four weeks I mean yes of course I have no idea if
that’s true though and again even if the guy says it’s true on the video the guy
who’s coming out with the dividend you don’t know if it’s true because he’s
been saying for a year it’s been coming out to be coming out anyway it’s just
like this Iranian one and I’ve done videos on this badge and yes I expect it
with a sir any improv I surrendered Lee but it’s the same way you’re gonna claim
that other one and yeah I’ll do it I’ll talk about
if I find out more about it but again I don’t watch that guy’s channel at all
and so maybe make badge maybe you could send me a DM or someone can send me a DM
if is really happening in four weeks and yeah I will up claim it
I’ll definitely me and I turn it in the Bitcoin immediately because that’s
that’s what you get that’s what crypto dividends are all about man people out
there and you might not agree with the people and I definitely don’t agree with
the guy who’s coming up with this crypto dividend I mean he wants you to buy it
and stuff which is obviously you don’t buy something that you get for free and
there’s all sorts of gimmicks around it okay great good people will pump it
because they they like your ego and everything great people can like this
guy’s ego he’s changed his whole tune many many times and that’s his business
if if suckers are gonna buy it and pump up its price I am gonna dump what I get
for free and they’re gonna make me more wealthy and cuz I value my wealth of
Bitcoin I’m going to turn into Bitcoin and that’s again when you when you hold
the bit you got to keep it up you got it it’s it’s strictly business nothing
personal dudes in terms of the crypt of dividends they’re giving you stuff for
free you turn in the Bitcoin they might not be the nicest dudes in the world
they might change their bind or a Bitcoin max less old now I like
aetherium whatever nothing personal it’s all strictly business pound that frickin
like button turn those crypto dividends in the Bitcoin because again if you
control your if you control your Bitcoin if you control your Bitcoin you get
interest on your Bitcoin it’s a little it’s a little known thing but anyway you
know that when you’re here on my channel because I give you the insider
information I bring you the best guest in the space including Ansel dinner
tomorrow on this weekend Bitcoin but yeah dudes do the super Chado answer
your questions all right moving on and speaking of altcoin speaking of
aetherium because again the guy who’s making that crypt that dividend is like
a big on the way he likes it there him now he hated it once you knows but it
the entire ICO this is a tweet from stop and decrypt the entire IC bub the ICO
bubble has pumped East ethers Etha theorems price in Bitcoin has never been
lower except for the first seven months after its launch in a brief period of
four months right before ICO mania okay in 2017 so here’s a deal I
doesn’t bother me i theorem is not my thing I know there’s a lot of hate
toward a theory I’m if you are someone who really believes in the theorem and
again if you think there’s you they’re going to be really doing legitimate
things build all sorts of awesome cool things with aetherium if you really
believe that if you’re looking at you’re going the etherium conferences you’re
developing what was apparently there are a lot of guys developing on a theory on
it if you really believe in it then I guess this would be the time to
get it right this is that it’s cheap again I’m not saying to do that but hey
I’m putting a positive frame on it for you a theorem freaks out there again
this is the bitcoinmeister channel only buy bitcoin but if you hey this is this
is how you shout back if you’re in a theorem dude and you could say you know
what I understand the ico thing was a bunch of nonsense but we’re going to
come up with the productive things and if the I sue of nonsense could have
pumped a theorem that uh that high well who knows what all the real developments
are going to do to ethereal now again there’s plenty of people that are saying
that a theorem was a complete it will this is the beginning of the end
yeah I’m just watching I’m watching the show to tell you the truth I don’t
believe it is the beginning of the end for aetherium whatsoever I do think it
is sustainable and I do it I don’t think it’s big coin it’s not trying to be
Bitcoin and because it’s not trying to be a Bitcoin I don’t give it let it
compete don’t complain okay so I’m not complaining about it I’m letting them do
what they’re doing over there and III would not be surprised in terms of
Bitcoin if it does go up in value because what does it break right now
2001 seven or something like what it is now III don’t think it’s that uh I don’t
think it’s like a bsv type thing that’s just go that oh you know go down until
it’s nothing I know I don’t I don’t see that with aetherium but who gives a darn
what I think anyway because I’m just the Bitcoin guy I telling you to get Bitcoin
do not diversify for the sake of diversification but there are aetherium
freaks out there so maybe that’ll make you feel better people love all corners
love when I mention they’re all coin on my show watch this I’ll just say the
words D cred and all these people will be like yeah
yeah I mean because I’ve said the words D Craig and I have a shirt that actually
says it on it people still ask you should still in the D Craig Adam what
are you talking about do you pay attention to them the other you know
99.999% of the shows that I have what would I say I know most people don’t pay
attention anyway that are watching this not most but this is you know you guys
are good viewers you are you lead hello my elite friends but I know that some of
you aren’t elite at all and you’re just picking your noses and I don’t know what
you’re doing if some people just want to see me your radio quality is horrible
yeah who gives a darn it’s the content you freak that’s right that’s why you
can listen to the podcast that supports moisture calm moving on anyway but
that’s see how 80% of stuff I’ve wasted too much time on that right now now
let’s talk about more altcoins out there more more off points what do we got here again the guys producing an ego coin
that’s a crypto dividend like and he’s giving me giving it to me for free great
I’ll turn in the Bitcoin so Libra you know what’s freaky about Libra it isn’t
out but there are numerous Twitter accounts now one of them is the Libra
dev account that’s the the Bitcoin that’s the blue check mark one so that’s
officially Libra endorsed Twitter account but there’s Libra startup lit
Libra cryptocurrency startup lists Facebook’s Libra coin is the future of
digital money Libra ratings aims to educate the world about digital currency
through insightful articles and reviews and then there’s an accelerator for the
Libra ecosystem which is Libra camp which is actually based in Tel Aviv
which is a put on by this dude that I know at the bitcoin embassy I didn’t
know he was involved on the Liebherr side of things I don’t want to ask him
about it on Sunday my point is this this thing doesn’t even exist yet and it’s
got all these people training and again the Twitter accounts are too popular yet
but the people excited about it and they want to develop for it I mean again I
guess there’s some people that think this is gonna be a big corporate coin
if I can build something on it I can make a lot of money visit Scott you know
it’s associated with Facebook it’s gonna be distributed to a bunch of people okay
that’s fine you develop on it for me I only see Libre as a positive
I’ve said this many many times let it be robust let people build up on it because
what the what the end user is gonna find out when they get there Libre coins it
is gonna be a key into the Bitcoin room okay it’s gonna get them into that
Bitcoin realm and they’re gonna find out that bitcoin is the real thing they’re
gonna go to and watch some of Andreas’s videos and the five pillars of Bitcoin
and they’re gonna see that in it and Facebook and know five pillars a Bitcoin
right there they can just turn you off but then there’ll be many many many
millions of people totally satisfied with the Libre and hanging a person for
us possibly is a new counterculture they can do that if they want to do it but it
is it is weird to me it’s it’s something that I want to point out that there are
these Twitter accounts of people getting excited about Libre which might not even
happen and trying to build things on it yet we have hundreds of other all coins
where people do nothing with they just speculate completely on it so there
there you go good luck to Libre eight will it will help Bitcoin it will help
Bitcoin usual see people all right so yeah I and again I have you’re gonna
hear some fun a corporation should not be more powerful than a more should be
able to print it so money shouldn’t be more powerful than a nation
okay Maxine Waters go back to LA whatever great
no nothing wrong with the corporation being more powerful than entities that
employ people like Maxine Waters found that like moment so what is this your
biggest supply shock in the history of financial markets yeah Chris Gilliard
said that once that is the big point having I mean we’re getting closer may
May 20 2008 almost that’s gonna be September 2019 my
kids are going back to school back in Baltimore I some of my relatives and
have updated me on that situation I don’t even know about kids going back to
school anymore it doesn’t look like they’re going back and
that might be next week I don’t know but who would I know about kids going to
school little I remember having to go back to high school and all that it was
always summer summer summer summertime at Lake button
alright soft launch of facebook.com slash disrupt meister yeah i had to
create a facebook bitcoinmeister page haven’t done a thing with it yet but you
can like it if you want to it’s linked to below alright let’s talk about those
long term capital gains taxes you know vention has made videos about this
before or he mentions it in his videos and i haven’t really paid attention
because mention ism is in a different stage in his life definitely then i’ve
done a lot of us to watch these videos but nerd wallet i link to this below i’m
not giving people tax advice here but this can explain why you don’t want to
sell your bitcoin you people who why don’t you just sell your bitcoin you buy
it back for cheaper in it there are many tax benefits okay long term if you can
get your income including your bitcoin profits under 30 9375 2375 a year in
america you don’t pay taxes okay now that is linked to below there is a
calculator there alright this is not a tax advice I’m not an accountant or
anything like that but it is it makes sense you keep your long term capital
gains you keep your income including those long term capital gains under
thirty nine thousand three hundred seventy five and yeah you’re not that
there you go it’s uh you’re not paying taxes on the cap on the capital gains
okay okay so here let’s have an example let’s do an example to clarify for you
this vention isn’t working he isn’t making any money alright so next year
next year let’s say 2020 he sells thirty-nine thousand three
hundred seventy four dollars in profit a Bitcoin okay that’s how much he profited
off of his selling a Bitcoin and there you go that’s it income that’s
his total income it’s all in capital gains he pays no taxes on it that is it
that is it so there you go for all you people who are impulsive he should have
sold that he should have sold that no for the rest of his life he can do that
every darn you anyway he’s not gonna want to do it every darn year but as
long as he’s living comfortably and he’s healthy he’s gonna profit I know I
wouldn’t see why a guy wouldn’t do that for you know five years whatever I mean
a guy like vention can live on thirty nine thousand three hundred seventy four
dollars a year so there are and then there’s then once you get over that it’s
a 15 percent capital gains and then even there’s a certain level where 20 percent
starts okay so again the calculator is below there are many benefits in holding
off now again okay some people have done so well if they sold all their Bitcoin
they would not be able to do that they couldn’t do that every year because
they’d be dead and they would still have a lot of big meaning you could live 200
years and you still have it still have a Bitcoin to sell all right but but but
but the point is is that this is what you make up
you just don’t sell the stuff and incur taxes when you don’t have to incur taxes
you can you can do this right and not have to pay taxes all right and vention
is has definitely talked about like talked about that before on his show and
it’s linked to below that calculator and again this is not tax advice it is
something to take into consideration for the freaks out there that think like Oh
better sell now better so that because again if you sell now you just bought it
a few weeks ago that’s short-term capital gains so that’s that’s horrible
and but you got it got to know what you’re doing gotta know
where you’re doing with this this is not impulsive this is long-term thing again
value your wealth in Bitcoin dudes value you were ethically so again there’s four
other people why don’t you sell some that out why don’t you sell some some of
the tax benefits of not selling some now and you’re selling a little only in the
future or something like that it’s a say it’s a newfangled savings account the
best savings account for okay all right there’s something and let
me let me check something in the middle of this darn show that I should have
checked okay good all right moving on moving on where’s my list of things to
talk about we’re getting to Portugal now the Portugal news that broke pound that
like button first of all this is about countries competing all right Portugal
apparently it says Portugal’s tax authority says crypto trading and
payments are tax free whoa dis big news okay that that’s that’s good news this
Portugal is a lovely modern nation I spent quite some time in Lisbon in 2017
a beautiful city that really caters toward the tourists I mean I can
remember running by restaurants there of course I did not ever go to the
restaurants I haven’t been to a restaurant like this decade I don’t
think but I make your own food save money but when I was running by the
restaurants in Lisbon sometimes there be menus in me in the
windows there’d be six different languages someone in the really touristy
part there were eight different languages I think there were some Nordic
languages warm ones obviously Spanish English German Russian but yeah anyway
they it’s a lot Lisbon is a lovely place and now apparently is lovelier because
you don’t have to pay Portugal’s tax authority says crypto
trading and payments are tax free all right this is that is a good direction
for a major a major copy of major country to going and this will make
other countries think like well let’s beat them let’s let’s be more tax
friendly than because I get lately we’ve been seeing some countries go in other
directions like we’re gonna tax the living heck out of it and so and people
ask me like well aren’t all countries going to go in that direction and when
you hear about them going in a bad direction you think well maybe the
competition’s in that direction but again countries can go in the other
direction poor schmoes going in so made the best country way in the best country
will win this is that’s what that’s what my point is the one that has the freest
tax policy toward Bitcoin cryptocurrency dad’s gonna get a lot of
business that is gonna get a lot of wealth people will try to protect their
wealth that they try to protect it with the long term capital gains that that of
engine does if they try to protect it by moving the Puerto Rico like some people
do they definitely will do it by moving to other jurisdictions that are even
easier than all the stuff that I’ve mentioned so good job
Portugal in the tax competition it seems like you were going in then yeah make it
even better dude make it even better but yeah Lisbon is nice Lisbon’s got like
the best temperature during the winter in continental Europe in a major city me
I think it’s even better than like cities in Greece don’t quote it was
great weather when I was there I was there was February Ferry March and April
of 2017 alright that’s it you can check the archives if you wanna see the videos
when I was there alright dudes let’s see if there were
any more questions so check out and that that article is
linked to below about the Portugal stuff but so let me make sure there were no
other questions check out tomorrow’s show Ansel Linder it’s it’s a good it’s
a good one he’s gonna talk about some gold gold stuff for you golden holders
and we end Edgar who pointed I mean I already knew
about this some article earlier and I was gonna talk about it Edgar asked me
to talk about it after I was playing too so he says those restaurants are the
ones who never go to they are ripoffs for true yeah definitely I agree with
you Edgar you it’s in the most touristy areas you know right near the Parliament
and stuff the ones with the eight but even though some of the back roads that
I pull the back the streets there are amazing you get lost in order to
properly live in Lisbon you’ve got to get lost to understand it’s not a it’s
not a block system it’s totally twisty but on some of those twisty roads you go
to restaurant you run by restaurants and there’s only like three menus there’s
like there’s an English one a Spanish blonde a Portuguese one in the so maybe
those ones are better I have no idea I didn’t eat at any of them obviously
don’t get ate there are so Americans do not understand this about Lisbon it is a
huge tourist City but Americans oh they’re not
the Americans there you’ve got boats coming in from Norway all these
differently she huge people speaking all sorts of different Russians coming in
but not many Americans Americans just love to go to Paris London the same dude
Americans if you’re watching this that’s how you start to expand it slowly
I know Lisbon doesn’t sound very exotic for many travelers out there for
Americans it is there’s your tip of the day go check out Lisbon and good job on
your taxes there you Portuguese a unique Beast i’m adam meister the
bitcoinmeister disrupt meister remember subscribe to channel like this video
share this video pound that like button vengeance says yeah the plan is that I
should get 300k for the house then I’ll be able to cache the 39 K in Bitcoin and
the bit from the house bump it up to 50k or so that should be plenty alright so
inventions got the plan check out tomorrow’s videos check out what would a
tech ball comm TCS BLT on Twitter disrupt meister comm all my old videos
yeah that’s the end pound that like button see ya

7 thoughts on “The 1 Bitcoin Show- You can’t mine extra BTC on asteroids, Mixers, Taxes, Ethereum, Libra, Portugal

  1. Comparing gold and bitcoin doesn't hold up under scrutiny, when a miner mines gold and extracts it from the ground, that gold's utility exist's forever without that miner or any of the future required to mine it into existence, however once you have mined a bitcoin, or buy some bitcoin you are reliant on a miner of the past,future or present to expend resources to function the existence of already mined bitcoin.

  2. Dear Mr. Bitcoin Meister, Is the crypto dividend that you were cryptically talking about today authored by the esteemed Richard Heart?

  3. Vention has mentioned he gets a pension as a diesel mechanic. That will be counted as part of his income annually along with social security if he collects that as well.
    So 39k might be swallowed upalready.

  4. Im happy that I discovered your channel. I instantly liked you as a person. You are a cool dude =) What you say makes sense and I get it. And btw how often does someone re-watch a video on youtube? I watched this one 3 times since yesterday.

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