⚡️ All The Places You Can Now Use Bitcoin Lightning Network

what's going on. plebs, jonathan levy here bitcoin for the masses, and i am at bitcoin 2022, where it has been an absolute whirlwind couple of days for bitcoin and especially for lightning networks. so this video is for my fellow lightning network enthusiasts and also for folks who have not yet gotten into lightning network because you think that it is not thriving, not growing, not successful, not mainstream enough. well, i want to let you know that over the last two days, everything has changed for lightning, and in this video, i'm going to share with you how you can now use lightning network at thousands and thousands of new businesses all over the world to have simple, free, fast, anonymous, private, non-kyc instant transactions using your bitcoin over the lightning network. [Music]. so, whether or not you have already started using the lightning network, one of the things that many people have used to critikize it is saying that, hey, i can't use bitcoin in many, many businesses all over the world, much less bitcoin over the lightning network. up until just now, recently, even some of the most respected exchanges and software providers and payment gateways that work with bitcoin have not worked with lightning network, and over the last two days at bitcoin 2022, all of that has changed. first, let me tok about the wallets and service providers and exchanges who have upped their game. first and foremost, kraken finally announcing the world's best bitcoin exchange now accepts lightning network withdraws and deposits, so you can pull your money in and out of kraken for free. congratulations, kraken on that as well. robin hood, a big player in the space, but one that's been critikized endlessly by folks like me for not allowing users to withdraw their crypto into a wallet that they control. well, robin hood has completely turned things around and now not only allows you to withdraw your bitcoin, but allows you to deposit and withdraw over the lightning network. that's huge. cash app- another one of these wallets that many people have critikized for being, you know, not up with the times- cash app has now announced that they, too, are supporting lightning network withdraws. you can even deposit your salary now with cash app and withdraw it over the lightning network, spend it over the lightning network. so that is absolutely huge. even bitpay- bitpay, who has been dragging their feet for the better part of half a decade and has not had lightning. people have made so much fun of bitpay. bitpay finally announced that they and their entire merchant network is now working with lightning network. now let's tok a little bit about vendors as well, because there was a huge announcement from strike letting the world know that not only have they partnered with shopify so that any business, whether or not that business wants to receive bitcoin, any business in the world can now use strike on their shopify store, meaning that tens of thousands of shopify stores all over the world now can accept your bitcoin over the lightning network and receive their local currency, whether that's dollars, euros, yuan or whatever else. of course, that's going to be rolling out over time as more and more shops integrate with that, but this means that some of your favorite shopify small businesses are now able to accept non-kyc lightning bitcoin. but that wasn't the only announcement that strike made during this conference. in fact, in my opinion, it was one of the smaller announcements, because they announced that they have now partnered with ncr. ncr is one of the largest payment gateway processor manufacturers in the world. they make atms, they make point of sales. in fact, one out of six point of sale systems in america use ncr, and ncr is now partnering with strike to allow vendors to accept your bitcoin. they're going to be rolling that out over the next few months and that means that you are going to be able to use your bitcoin over the lightning network using your own tor node if you so desire, using your blue wallet, using your wallet of satoshi at major, major businesses. let me read, you guys, the list here: mcdonald's, walmart, macy's circle k, bed bath and beyond, kroger, chick-fil-a, buffalo, wild wings, wendy's, krispy kreme, dunkin donuts- the list goes on and on and many, many more. even safeway is now going to be able to accept bitcoin. you guys, this is mind-blowing and should really let you know. i mean, michael saylor said at the beginning of this conference: if your business is not accepting lightning network, you are going to get left behind. more and more people are going to move over because products are going to be cheaper on the lightning network if you're not paying for the overhead of the legacy financial system- whether that's the three percent transaction fees or the extra 10 to 20 that businesses charge to account for the fraud on the legacy financial system- and we're already seeing here at the conference- some vendors are offering as much as a 30 discount if you pay in crypto. we're gonna see more and more of that. so if you have not already set up your own lightning wallet at the very least, or lightning node at the very most. now is the time to do it. i have a ton of playlists on this video on how you can get set up with a lightning wallet, or, if you really want to understand how lightning works, how to set up your very own lightning node so that you can fully custody your own funds, have complete control of your funds with a node that you control, so that you are not trusting anybody else. it sounds scary- it's not. it sounds hard- it's not- and this channel is here to make it as easy as possible for you to set up your own lightning node. so if you're not already using lightning network, now is the time. do you really want to be slower moving than mcdonald's and all these mega corporations who are now accepting lightning? of course you do not. so i hope you've enjoyed this video. check out some of these businesses, spend some sats on the lightning network with them, and show your support for rolling bitcoin out, because this means that bitcoin is now becoming an incredible medium of exchange, in addition to a store of value, and this, of course, is not yet priced in. if you've enjoyed this video, please do remember to like, subscribe and comment, and let me know any other videos that you would like to see. i love recording content for all of you, and i just need you to share your ideas, so make sure to smash the bell icon below so you get notified when i create the videos. take care, and happy huddling. [Music].

Stacks Co-Founder on Launching 'Trust Machines' to Open Up to Web 3

well, innovations and decentralized finance entities and daos have largely been confined to smart contract platforms like ethereum. but let's take a look at our next guest who wants to bring that innovation to bitcoin: muni bali. he's a contributor to the stax protokol. he's raised 150 million dollars to build new york based trust machines, which aims to build web 3 applications on bitcoin. joining us now there is mini valley ceo of trust machines. welcome, miniv, thanks. thanks for having me great. well, the narrative around bitcoin is that it's a store of value. you buy and hold it, but you want to do more with it. how are you going to make it web 3 compatible with d5, nfts, dows? how are you going to make that work on bitcoin? yeah, i do think that this is like a big topic of discussion in the industry, that a lot of people look at bitcoin as a very simple protokol and it is just meant to be sound money, right. and then if you want to have smart contracts, if you want to have, like these new types of applications, then you have platforms like ethereum or some of the newer blockchains out there now, like solana and avalanche. uh, interestingly, i think if you, if you, look at bitcoin from a tiknical perspective, there's nothing really stopping you from adding a separate programming layer on top of bitcoin that actually brings the smart contract functionality to bitcoin directly. this is the work that we did with this tax project that went live january of last year and has actually seen tremendous traction over the last one year, where people are building all sorts of- uh- bitcoin d5 applications. they're building bitcoin nfts and so on. so what we have basically seen is that i depend. i divide, like the steps into three. the number one step is the digital gold narrative that bitcoin is a store of value and we are seeing that play out. like you know, institutional investors are adopting it. even nation states are adopting it. the next step is going to be turning bitcoin into a productive asset. right, so right now, most of the bitcoin actually sits passively- like more than 99 of bitcoin sits passively- and you can start deploying it actively into smart contracts, like how we've seen on a theory number, between 20 to 25 percent of the capital is uh is actively deployed. people can get yields on it, and i think that's a massive opportunity. right, that bitcoin. even with the markets coming down, bitcoin is still like a 800- 900 billion dollar capital base, which is basically, right now being under utilized and just making it productive through smart contracts is a massive opportunity. and then step three is what? what you brought up, the bitcoin is not just kind of like sound money. the infrastructure of bitcoin, the decentralized, secure layer that's already out there, can actually serve as a settlement layer for web3 applications, because it's all about trust, it's all about a decentralization, and there's there's no other blockchain that even comes close to the level of decentralization that bitcoin has. so we can add the missing features as separate layers on top and then use bitcoin as the final settlement layer for web3 applications, and i think that's going to be a major, major unblock. so many. when we look at the current uh structure of the of the marketplace right now in d5 rap, bitcoin doesn't necessarily have as big of a market. it doesn't have a market share. the size of, let's say, eth. uh, when it comes to d5, is collateral. it's a total locked. and how do you change? how do you get the d5 traders to pay more attention to bitcoin and vice versa? how do you get the bitcoin maxis to pay more attention to d5? well, there seems to be this cultural difference in in mentalities for people who are involved in bitcoin and people who are involved in big in d5. how do you bridge that? yeah, i think. i think that's a. that's a great question. so the first thing about um that people should understand about wrapped assets is that most of these wrapped assets introduce central points of failure and those are big limitations, right? so let's look at a wrapped bdc on ethereum. you're actually trusting a company in the middle that is issuing a new asset on a different blockchain. so what happens is that it puts a natural limit on how much of that capital can be deployed. like, maybe it's like 5 billion, 10 billion, but at some point, you know, if the numbers start becoming really big- like 100 billion, 200 billion, like- people would start feeling very uneasy about that single point of failure in the middle. and i think that's the fundamental thing that we are changing and which we have seen uh to work really well on on ethereum. because ethereum, when people are deploying eth into smart contracts, there's no central company in the middle like i, as a user, could just use my- uh, my wallet and deploy eat directly into smart contracts. so once you bring that functionality to bitcoin, where, as a bitcoiner, just using a bitcoin wallet, you can do a normal transaction and you're actually, let's say, putting up collateral for a stable stablecoin and you're minting stablecoin against your, your bdc. so now there are no kind of central points of failure in the middle and that's where. that's where you really unlock the capital. so i think that's the first thing. the second thing, about the cultural aspect: i do think that in the bitcoin community, especially like after 2017, there is this culture of- uh, almost, like you know, rejecting new ideas, and i think there are good things to it and bad things to it. like, for example, bitcoin does have a very high bar uh for quality in terms of any changes, any new things, any new code features that can be introduced to the bitcoin code base, and i think that's actually a very, very important thing and it's a very good thing to have. on the on, on the flip side, i think sometimes this culture also comes across as you're just going to reject new ideas. but i do think that a lot of that is changing. like, in my interactions, what i've seen is that, uh, some of the people who on the spectrum are more on the maximus side. they might be the more loud voices, but they're actually the minority right, most people who actually own bitcoin hold other assets as well, and, and in our community or the, over the last one year, we've actually seen a massive increase in the number of people who are bitcoiners, who are really excited about putting their bitcoin capital to work and they want to use, uh, decentralized applications that are built on top of bitcoin. so many, just to kind of follow up on that point. um, you know, it's funny because you're saying like there's so much opportunity here and it's almost like such the obvious opportunity in the sense that bitcoin is clearly the first mover in the space and yet nobody's really doing this at scale except for you and your team, right? so i guess the question is is: like, why, why? why is that? why has it taken so long for people to be like: oh yeah, defy is applicable to bitcoin too. smart contracts are applicable to bitcoin. i mean, you should have mentioned maybe part of it has to do with, like, resistance to change or, you know, having a higher standard. but what are what have been the main obstacles thus far in in preventing people from seeing the same opportunity that you're seeing now? i think the number one challenge has been tiknical reasons, right? so, uh, if you, if you, if you look at how bitcoin is structured, bitcoin does not have smart contracts at the base layer. right, some, some bitcoiners would try to argue with you that even the limited script that bitcoin has, even those are smart contracts, but but developers don't think of them as smart contracts at all. right, they're extremely limited and some of the other solutions that we've seen over the last 10 years are also very, very limited type of smart contracts. so the biggest tiknical hurdle was: how do you introduce fully expressive smart contracts, like the kind of kind of programming languages that exist on ethereum, on solana and other blockchains, where developers can build whatever that they want to build if?

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Why Strike Bitcoin Payments is a Game Changer

[Music]. thank you all right, so welcome back into the live stream today. it's going to be a good one. we're going to dive into a lot of the things that happened over at the Bitcoin conference here in Miami. a lot of cool stuff and, I think, a lot of things that have yet to truly sink in to what is really happening around the evolution of cryptokurrency as a whole. my name is Paul Bearer. welcome back into tik path. let's dive into it today. kind of break it all down. you guys, of course, have had a chance to maybe see a lot of the videos coming out from Bitcoin conference. obviously, Bitcoin magazine doing a great job uncovering the event and then, just in general, I think social media hopefully gave you guys a lot of insights to what was happening. but there was a lot of updates on this, and one of the ones that I think was most important was the Robin Hood releasing their crypto wallet to 2 million users. plus, they're planning their integration into of the Bitcoin lightning Network. now here's the thing with Robinhood, and many of you guys I'm sure are- well, I shouldn't say that, because probably not many of you are Robin Hood users, but the point is is that Robin Hood is going to have access to and the ability to influence a lot of crypto investors, maybe for the first time. obviously- remember Robin Hood kind of cut their teeth with Dogecoin, had done an absolute, unbelievable job from a profit side of things with the use of Dogecoin. the question, I think, will be what coins are going to be the next ones that will help Robin Hood really kind of take it to the next level. the fact that they have a wallet now fully functioning, uh, and the fact that they're going to have this partnership with um, the lightning Network, I think is going to be pretty cool here. if you look at what they're toking about: Chief product officer uh toked about making an announcement. obviously, over at the event, a handful of wallet beta testers- we had this in our own place, uh, here in the crypto pit we were trying to get into it. a lot of it. we test all kinds of apps, but the thing that was interesting was that they were slowly rolling it out. once that it was implemented, I tested it. I was very, very impressed with how they were going. I'm very intrigued with how this is going to roll out on the lightning Network. if you look at some of the slides they showed right here. let me kind of zoom out a little bit here. Bitcoin is the number one recurring buy asset for 2022.. so this to me again tells people: if you look at Apple, uh, eth, Tesla, uh, what else is there? Doge it. this to me, Amazon, Etc. this to me is the indicator, I think, to a lot of these big Movers On Wall Street that this is a here to stay kind of scenario. we got a lot to cover today. we definitely want to get your questions, so make sure and put them in the side chat. we'll try to get to them. the big news, of course, was a company was from a company called strike. you've toked and we've toked about Jack maulers before. if you don't know about strike themselves, they have been involved in redefining payments for quite some time. obviously, they were the company behind Mr bouquetle and the El Salvador shift to bitcoin as a payment infrastructure and as now a traditional currency for use within El Salvador, and I think they've continued to really kind of focus in on foreign, I guess in, in essence, making the payment architecture system work differently. that's really, I think, what Jack Mahler is trying to do, if you look at just kind of how they compare this, their buy and sell, what you get. when you get a hundred dollars in Bitcoin purchase, after fees with strikes, 100 bucks, cash app, 97.74, venmo and coinbase, you can kind of see the. the key here is, again it starts to lean into what a lot of people have been toking about for quite some time. what is going to be one of the things that helps critikal, mass and major adoption happen in. most people in analysts still believe adoption is going to occur through institutional investment. I believe it's probably more a combination of institutional, but more importantly is Main Street. Main Street is going to affect the bedroom communities. the bedroom communities are going to affect mass retail and then Mass retail sways into what's happening in the rest of the world around all of these things. so I think that is going to be a big factor in going forward. other news that came out was Treasure introducing their direct to self-custy bitcoin buys, which I think is going to be interesting. we'll start to see probably more and more of these Hardware wallets really making pretty significant moves. if you- um, I'm kind of curious- are you guys more into trezor, into Ledger, into you know different styles of wallets, more cold wallets or hot wallets are you looking at just holding on exchanges? I'm kind of curious of what you guys are doing. so if you're watching this after the live, just pop the comments down below. but did it uh announce on stage uh, that they're partnering uh addition in a simple way to for a Bitcoin investors to practike the critikal security measure of self-custody uh rather than making their Investments on an exchange and leaving their Bitcoin there? so I think that- and we still see this a lot- I use Ledger uh, that's just my, you know, wallet of choice for, you know, for those types of uh transactions, and I still believe that is going to be the future is really self-custing, much like, if you are dealing with um, you know, I think, the future of how finance will be when we see really blockchain integrate into all walks of life. we're going to see a lot more of this kind of thing happening. let's get to the bigger story, and that was Jack mahler's uh stage announcement, uh strike announcing their deal with Shopify integration for Bitcoin lightning payments. but it goes quite a bit deeper than this and I want to kind of zoom in on a couple of things here. you're going to be able to walk into millions of American storefronts and plug into the payment stalwarts and pay across the lightning Network, Muller's and strike partnered with NCR- and if you guys don't know who, NCR is essentially the biggest point of sale company, and when I say point of sale company, what I mean by that is think about the terminals. when you go into a restaurant, a you know any kind of place of business, and there's that computer setting in front of you and your card goes into it or onto the little terminal to the side of it that's a POS and those kinds of Integrations have been going on for about three decades. it's actually how I got started in tiknology, working with Microsoft was building on the POS systems, trying to eventually become an e-commerce platform. so what Jack is trying to do is displace what that whole infrastructure has been about for the last 30 years, and he is right. the cost and the problems that that infrastructure places on just payments across retail as well as just any kind of General Commerce, is a real situation that I think will, and if we can see this be supplanted by Bitcoin and or cryptokurrency, it starts to change the Dynamics around this, and pretty interesting stuff for sure. also, they've partnered with Blackhawk as well, which I think is again going back into companies that really understand where the future of payments are going for sure. all right, let's get over here to the other one. this was just some of the uh points that they wanted to make on it. so Bitcoin soon be accepted by, uh, McDonald's, Walmart, all that kind of cool stuff. look at the tweets here. that uh I want to kind of focus on here. this, of course, is Jack Dorsey, former um, you know, former Twitter and now um block, which is former Square. thank you, Jack mullers, your incredible inspiration. then you got pop coming in: strike CEO Jack Mueller. strike just announced partnership with Shopify, leading payment Fredericks. hundreds of millions of people can now spend Bitcoin dollars across the lightning Network instantaneously for free at every major US retailer. this is a big deal. and then I think Rand toked about this also. I don't think.

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Why Web 3.0 Is A Scam

this is matthew crowder from trader university, and today i want to tok about why web 3.0 is a scam. and this is with reference to a tweet thread by chris dixon that a lot of you have been asking me about, and this thread is called why web 3.0 matters, and in this thread, chris toks about how web 1.0 was completely decentralized, with all these open protokols. this was really from like 1990 to 2005.. 2005 to 2020 was really the siloed version of the web, where we had these tik giants like google, apple, amazon and facebook really controlling most of the internet and accruing most of the value generated by the, by the internet, as evidenced by their very, very large trillion dollar market caps. and then chris points out that he thinks we're now at the beginning of web 3.0, which is going to be kind of a combination of the decentralized ethos of web 1.0 plus modern functionality of web 2.0. and he goes on to say that web 3.0 is the internet owned by the builders and the users, orchestrated with tokens. now if you look into chris dixon a little bit, his wikipedia artikle points out that he's a general partner at the vc firm andreessen horowitz in silicon valley and if you dig a little bit deeper, you notike that solana, which is one of the well more well-known parts of web 3.0, was led by two lead investors, poly chain capital and andreessen horowitz, and these were the two lead investing groups that were in charge of the gigantiktoken sale, which took place in june of this year. they raised over 300 million dollars selling these tokens. so i have a question for chris: if web 3.0 is the internet owned by the builders and the users, why then does it have to involve so many tokens given to people like chris and andreessen horowitz? if we take a look here, solana is one of the hugest, one of the largest violators of this ethos that the, the initial token, initial coin offering, really went, uh, largely to insiders, vcs, the team over there. so i think this is quite hypocritikal to be pretending that this is highly decentralized and that pretending that this can be owned by everyone, while the insiders basically picked up solana for pennies on the share, on the pennies on the dollar, and now it's being offered to everyone else. most people, most public investors, most retail investors did not buy at the ico. they bought when solana was already in the hundreds of dollars per coin. so the question for chris when he's toking about web 1.0 and 2.0 and 3.0. my question for you, chris, would be: why does web 3.0 need to involve so many tokens that were pre-mined and distributed to insiders and vcs like yourself? to me, these tokens sure look a lot like unregistered securities. it's a little bit like issuing shares of stok and raising capital for the company. now, i'm not- i'm not completely against this, i'm not a huge fan of the sec, but i think it's quite hypocritikal for someone uh to sort of masquerade as an angel of light while they are partikipating, on the back end from these initial coin offerings. and i should say i don't know chris personally. i'm sure he's a great guy in real life and i'm also sure now that andreas and horowitz probably does not want me as an lp after seeing this video. the other problem, of course, with solana: in addition to being highly centralized and backed by vcs who are going to dump their tokens on you as soon as they can, solana has been a pretty bad project. it crashed in decembe, on december 4th of 2020, and it also uh had to be restarted again in um in september of this year, and it's really interesting here to see that solana, this is supposedly this highly highly decentralized network and yet solana developers have decided to restart the network doesn't sound too much to me like a decentralized network, and of course it's not, is. this is a network that's funded by vcs, who own most of the tokens, and it's a highly centralized project. here's another artikle, toking about their 17 hour outage. so, in addition to being being vc backed and highly centralized- which are fine, maybe this looks more like a tik company. too bad, they didn't register with the sec, though i think they have huge exposure- gary gensler is probably coming for them- but in addition to being centralized and backed by vcs, this actually isn't even a very good project. it has this kind of a 17 hour outage in the 20 in the year 2021 for a new tik project. it's absolutely unbelievable, especially given solana's market cap. so when you see people toking about web 3.0 on twitter especially, you need to take a look at who they are and what their incentives are and where their interests lie. by contrast, d5- web 3.0, decentralized finance built on bitcoin- looks a lot different. we have the lightning network, which is a layer two solution that's been built on top of bitcoin. it's not owned by anyone. there were no tokens issued to build the lightning network. there were lots and lots of developers who contributed to this and we can see now that this is a global network and is doing very, very well. and then there are things being built on top of layer 2, which is a lightning network, things like sphynx, which is a chat app where you chat and actually pay using the lightning network. this is the true. this is truly decentralized web 3.0, and the way you can tell is that web 3.0- a truly decentralized new internet or new system of money- does not require dumping new tokens on naive retail investors and pretending that web 3.0 is owned by the users, when in fact, it's majority owned by vcs like chris dixon and andreessen horowitz. so all tokens are not created equal. all cryptokurrencies are not created equal. only bitcoin had an immaculate conception. only bitcoin is scaling in a really decentralized way, without all of these outages, without vcs pumping the tokens and trying to dump it on you, and without new tokens needing to be issued to build on top of bitcoin. the only token that's used on layer 1, layer 2 and layer 3 is bitcoin itself. if you found this video helpful, be sure to hit that subscribe and like button. hit the notification bell if you want to be notified when i publish my next video, and let me know your questions and comments in the comments section below. thanks a lot for watching and i'll see in the next video.

Bitcoin investment popularity 'is a longer term story,' Coindesk editor says

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Bitcoin Is Just Fine, Thank You

this is matthew krader from trader university, and today i want to tok about how bitcoin is. just fine, thank you. in these times of price volatility and stress, it's very easy to allow our lizard brains to take over, but i want to make it really clear. bitcoin is not dead. obviously, it's not broken, it hasn't been hacked and the bitcoin network hasn't been crashed or paused. this isn't something like solana, which has an outage or a pause every couple weeks, and it's not ethereum, where the blockchain can be rolled back and history can be changed at the behest of the insiders. this is bitcoin. it runs on its own. it's still cranking out blocks every nine minutes and 56 seconds. everything is functioning tiknically perfectly. so what's been happening? well, there's been a global repricing of risk assets due to fed tightening. bitcoin is still perceived as a as a risk asset because we are so early in this journey. but there's been this global repricing. it happens even over the weekend, especially over long weekends, to markets that trade 24: 7, like bitcoin and crypto. these long, illiquid weekends are made worse by having a bank holiday in the us on monday. so if you're a bitcoiner and you want to buy more bitcoin and you don't have cash sitting on your on your exchange account. you need to wire in more money and you're going to be out of luck until tuesday, so i would suggest this is really exacerbating things. also, bitcoin breaking below its all-time high from the last cycle of roughly 20 000. this has created a lot of liquidations because people put their stop losses there and people borrowed bitcoin with the idea that it would never go below 20 000 again. this was something that i believed as well, and i got that wrong. but nothing is wrong with bitcoin. the price has been volatile. there's been a lot of liquidations over the weekend. meanwhile, bitcoin is actually looking really cheap. at this point. it's back to the 200-week moving average, which we've been toking about since the beginning of this year. that it would probably mean revert somewhere down here. as we can see, back in march of 2020, once it got down to this 200 week moving average, it really only spent two weeks below it. it stayed very close to the line and it looks like something similar may be happening here. a lot really depends on the fed at this point. if the fed takes their foot off the brakes, we could have a huge rally in stoks and risk assets in bitcoin if they decide to totally blow up the system until the us treasury market completely freezes, then we could have some more weeks of pain ahead. but it's very important to pay attention to this difference between the bitcoin network and the fiat price of the token that runs on that network, which is btc. nothing has changed with bitcoin, except it's fiat price. it still cannot be stopped by any government. it cannot. i can still send it to anyone in the world that i want to. i don't need to ask anyone's permission. i can do it over the weekend. i could do it when there's a bank holiday. it also still cannot be debased or diluted. there's no 21 million max supply, and if you think that it can be forked and diluted, you haven't- you haven't done your research. so i'd encourage you to check out my other videos on this channel. also, if you're enjoying this video right now, be sure to hit that subscribe and like button. that would really help out the channel. so it's important in times like this to remember what your what you are holding and to understand what you own. there's only one bitcoin, there's only btc, and then there's about 19929 unregistered securities that are in the process of blowing up, being regulated, being stopped by groups like the sec. remember a couple months ago and there were people who actually believed that luna was going to replace bitcoin. remember the flippane that seems like so long ago, but it was really just less than a year ago when so many people on crypto twitter were convinced that ethereum was going to pass, surpass bitcoin in its market cap. if we go to coin market market cap, we can see the 19929 cryptos. when we look at the top ones, we basically see, uh, bitcoin, which is always, always number one, and we see all these stable coins, etc. we see ethereum as well. as, for the ethereum flipping, we can see up here that bitcoin dominance is at 43. eth dominance is at 14.7. again, these are misleading statistiks because we have things like stable coins in here and i always thought that bitcoin dominance was a flawed- a flawed metric for many reasons that i tok about in videos on this channel i'll link. i'll link to one of them below. but even then, it's funny to see this happening, this blowing up and there being no flipping. many, many scams like celsius, like luna, many scams and ponzis are in the process of blowing up. nature is healing. hopefully, these guys like do kwan and celsius's mashinsky are going to be spending some time in jail soon, as they deserve to do, not because they issued their own cryptos, but because they literally scammed people. they issued unregistered securities and they dumped on them, uh, while they dumped on retail. basically, look at my comments and see how many people are becoming bitcoin maximalist. this is what i mean by nature is healing. you'll see so many comments, uh, where people are finally understanding the importance of holding bitcoin- only holding bitcoin, not other cryptokurrencies. there's only bitcoin- and also the importance of self custody. you don't lend out your bitcoin to someone like do quan. you don't lend it out to someone like, uh, celsius mashinsky. so the really interesting thing here, though- and i think the bigger picture- is really what has happened to the bitcoin ecosystem since bitcoin's fiat us dollar price first hit these levels in 2017.. at that point, it was still not clear that bitcoin was going to make it. i certainly did not understand bitcoin at that point. i was trading it a little bit, but i really didn't begin to huddle and accumulate bitcoin until 2019.. but back in 2017, when bitcoin was still trading at roughly these prices, somewhere between 17 000 and twenty thousand- it was not totally clear that bitcoin was going to make it. there were still these big block debates. there was this debate over whether bitcoin's value could be forked away, where you just fork the code and you create something like be cash, uh, bch. we can see what has happened to be cash in bitcoin terms: it is completely collapsed and it's now. it's now clear that you cannot have these forks. they will not steal value from the network and they always trend to zero against bitcoin, as did bsv, as did bch, and many of these also trend to zero in fiat- us dollar terms as well. we can see here- i'll link- i've toked about this many times on the channel- but all cryptos trend to zero against bitcoin over time and here's a great uh, a great image that toks about that. so what i want to point out here is that the bitcoin ecosystem has made massive strides since 2017, when bitcoin first hit these prices. we now understand that our hard forks, trying to fork away bitcoins value or or increase the block size, does not work. we've also had amazing developments, like el salvador making bitcoin legal tender. this wasn't ethereum, this was an xrp. this wasn't cardano or any any garbage like that. we have the bitcoin lightning network, which uses the same token as a bitcoin network. this is a layer two solution that rides on top of the bitcoin network network and uses the bitcoin network as the final settlement solution. we can see all these channels all over the world: 80 000 channels, almost 16 000 nodes based on this lightning network explore. this sort of stuff never did not exist in 2017. lightning was more an idea and it certainly hadn't been rolled out globally. it wasn't being used in el salvador as part of their legal tender program either, and we continue to see bitcoin adoption. we toked about this when it happened. strike integrating shopify uh to to enable merchants to accept bitcoin payments, and also strike partnering partne.