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Kwarantanna z Bitcoin
A teraz Banki wchodzą całe na biało... - podcast Kwarantanna z Bitcoinem
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Join the hosts of the Quarantine with Bitcoin podcast as they discuss the latest news and trends in the world of cryptocurrency. From BlackRock's entry into the market to the potential impact of artificial intelligence on Bitcoin, this episode covers a range of topics. The hosts also speculate on the recent surge in Bitcoin's price and the potential for dissidents to use it to escape turmoil in Russia. They also discuss the UK's new crypto regulation law and Poland's proposed income tax law for Bitcoin. The episode also delves into the potential for AI startups and the use of language models trained on blockchain data. Don't miss out on this informative and engaging episode!
Transcription generated by Skrybot
Contemplative Geography Hello, Szczepan Bentyn, Dach Wilczyński. As every few weeks, we have a quarantine with Bitcoin, a podcast where we talk about the world that is falling apart from our perspective. From two ends of the world, in fact. Yes, the world is falling apart again, in Russia. Let us know in the comments if you are up to date with the changes in Russia, because it looks like we have a military coup in Russia. It's nice to wake up in the morning surrounded by the Weimar group.
Who would have thought that Russia would survive shorter than Bitcoin? So today it will be a little bit about the coup or the coup in Russia, because it's hard to say what's going on there, because of the fog of war. It will be about what BlackRock has been doing in the last few days, which is going all out. There will be a little bit about artificial intelligence, about what is coming for us, for the world of Bitcoin and crypto, because it looks like a perfect storm has turned into a beautiful weather. And it's quite fast.
Two weeks ago, the title of the episode was that the final attack, now all the works that are being done, which are judging about the fate of crypto, and two weeks have passed and suddenly we have a beautiful sun, and suddenly everyone likes Bitcoin. And now, who is the first, the better, on the burnt earth, to occupy as much market space as possible. Let us know in the comments What do you think is the most important topic of the day in crypto? Silverado writes in the comment that he organizes underwater trips, if someone is interested. For Bitcoin? For Bitcoin. But it can be a perfect boat accident. It's quite fashionable among Bitcoiners that everyone loses their keys during yacht trips.
They always lose their wallet somewhere when they get into the water. It's easiest to lose it at sea. I don't have your funds anymore, I'm sorry. So-called typical boating accident. So here it is a good idea to take them deep for 4 km or even deeper. We do not recommend diving. In general, the last track record in this sport is terrifying. But moving on to the topic of the episode, because we will start with this, of course. Bitcoin is breaking through $30,000. It was already at $31,200, even $400, it depends where to look. And even to raise to Binance US was $130,000. I don't know what it was, some short quiz, what happened there.
But Bitcoin has returned over $30,000. We have a local peak. And now, first of all, we have an upcoming halving. In about half a year we will have another halving. And we have news, of course. What? I said that it's time to fly fast, but half a year ago it was a year. Yes. The news that turned the whole thing upside down is that giants from the world of traditional finance, i. e. BlackRock, Investco, WisdomTree, Fidelity, even Valkyria, because it is another great asset manager in the United States, another one, in fact, there was a huge queue of applications for the opening of a spot ETF. A spot ETF, i. e. an ETF that must buy these Bitcoins.
Not an ETF that only requires cash settlement. One small correction, because we have an estimated halving on April 27, so it's a bit longer than half a year. But the difficulty is that we will overdo it in two months this year. But you're right. Maybe it's not yet caused by halving, but BlackRock, as we all know, has the whole world in its pocket. Suddenly, the whole world enters the scorched earth by SEC and makes a decision on an ETF. Suddenly, the whole world turned upside down, shot up the needle with a rocket, and the next ones lined up behind them. Lechu, I'm interested in your comment.
What do you think about this? Why BlackRock at this moment? What's going on? Is there any law against it? After the last two weeks, some theories are coming to my mind that this attack on the traditional Bitcoin exchanges, on those who currently have a dominant position in this market, was supposed to be a form of preparation for the entry into the banks. This is a fairly trendy theory. It's a very simple theory. But this is what it looks like. We have an assumed frontal attack on Binance, Coinbase, SEC, etc. It is not known which cryptocurrencies are in the securities.
And suddenly, two weeks later, banks announce that they are entering the market, that they are opening their own platforms, that someone is regulated there. Suddenly, an Itaubank in Brazil announces that it is joining the Bitcoin Association in Brazil. Santander starts educating about the Lightning Network. What's going on? This is an absurd situation. Charles Schwab and Fidelity are opening EUD Crypto. What is this? It's an EDIX market. It was difficult to find their website. This week, the EUD was launched, supported by Fidelity and Charles Schwab. I go to their website and it's launched, but you can't trade. There is only a landing page. If we want to have an update, you can sign up. You can join the EDIX.
You have to fill out a form to be a member. What is this about? Do they have their own secret exchanges? Do you have to be a rabbit's friend to trade there? I don't understand. The funniest thing is that there will be four cryptocurrencies in this exchange. Bitcoin, Ether, Litecoin and Bitcoin Cash. What have they chosen? Bitcoin Cash? What do they mean? Why do they take Bitcoin Cash? Is there a planned comeback of Bitcoin Cash? All these Charles Schwab and BlackRock have in mind that Bitcoin Cash is a must-have. You said that after the regulators' attacks, BlackRock was 100% sure that Bitcoin Cash is a security. Maybe that's why they made this ETF proposal. They were waiting for such clarity from them.
I would have expected that in this Charles Schwab exchange, XRP would be a prominent Bitcoin. XRP will probably be, but they still have to win this position. Or Hex. Exactly. XRP is a real Bitcoin. It has been known for a long time. I would like to show you a curiosity about the ETF itself. I recently learned that the first spot ETF, the one that bought and sold gold, started in 2004. During 7 years, gold shot up and grew 318%. How will Bitcoin react when BlackRock ETF and other ETFs are opened? Looking for a cause for the opening of an ETF is a pure correlation. It could have happened without an ETF.
The potential for the growth of gold prices is always there. Central banks always print money. So, whether the price of gold will go up sooner or later is only a matter of time. It is known that this is not a linear dependence between the size of the money in the ETF. In addition, in 7 years, from 2004 to 2008, there was a great financial crisis. Why do they call 2008 a great financial crisis? I don't understand what was so great about it. Now, in fact, there is a great financial crisis. The United States has never been in a bigger trouble than it is now. And they still don't call it a crisis.
The crisis is when it should not be said that there is a crisis. Jeremy Power always says that the banking system is strong, strong, safe and worthy. He always says that our mission is to fight inflation. It's like a method of a cut disc. It's the same all the time. They stopped the stocks, but he said, don't be too happy, we will still raise the stocks. Jeremy's stocks will still stink in the market this year. We will see. Many people say that Jeremy will be forced to lower them. And very soon. But that's what I thought.
When you showed me the Charles Schwab stock exchange and that you have to apply some special strange formulas, they remind me of those beautiful times a few years ago, when to start trading on the stock exchange, you just had to set up an account and you could work. Those were the times when people who had not previously dealt with any stock market or did not want to go through all these circles, could just start trading, buy and that's it. It was only a matter of e-mail. It was even easier than buying a product in an online store. You just had to transfer the money, pay for the bitcoins and you were ready. Those times have passed without a return.
The smile is spinning around. But on the other hand, it doesn't have to be like that. If you look at the comparison of various exchanges, I saw that Athena has prepared an interesting ranking of exchanges. I will try to present it to you. If you start using an exchange such as Robosat, BISK or Agoradesk, the barrier to entry in terms of regulatory, verification, compliance is practically zero. You can just enter and start trading. Maybe there are other difficulties of a purely technical nature. BISK you have to install on your computer, program. Robosat is not too easy to handle either. There is a lot of pressure on privacy.
It goes through the Tor and there is a lot of privacy. P2P products are a bit more difficult to handle. It is hard to expect some greenhorns to start playing on this market so that they can start using it in an easy way. But when exchanging some shitcoins for other shitcoins, or if you have to convert shitcoins into bitcoins, there are a few such places. BasicSwap, HotHot, SideShift. You don't even have to register for such a game. On FixBlock too. You just send a shortcut, give the wallet address and that's it. It's beautiful and it should stay that way. However, going through all these compliance regulation barriers is the magic of this market.
I hope that this type of products and services will be preserved as long as possible. Maybe the P2P market is the future. It is interesting how big it is proportionally to the rest of the market. But look, there are ratings. For example, RoboSats has 4. 5 out of 5. I will show you the rating. Let's scroll down. I'm scrolling further. Binance has 1. 6 out of 5. Oh, crap. Kraken has 1. 6. I understand that everyone is rating it in terms of privacy. Privacy and security 3 out of 30. I understand that there are such parameters. RoboSats 27 out of 3. Who has 30 out of 30 here? BISK has 30. Privacy and security.
The number of payment methods. 65 different payment methods on RoboSats. Interesting. But it is probably uneven too. Because it is a P2P trade, you have to count on what the other party offers. There is not always a full spectrum of payment methods. But the rating is interesting. A relatively unpopular product like RoboSats has a better rating than the king of this market, Binance. It is a bit sad that Kraken also has such a low rating. 1. 6 out of 5. Why privacy? All the exchanges that require KYC, of course, fall in the ranking. Yes, of course. So, what? In Russia, instead of the US.
Let us know in the comments if you have any more information. I am watching Mr. Igor Sushko on Twitter. I am saying the name correctly. He is giving information on a regular basis. We have information from 30 minutes ago. But here are some hypothetical topics. In any case, there was a situation recently. The Russian army bombed the positions of the Wagner Group, in which some of its people died. After the shooting of the Wagner Group positions, it seems that Prygorzysk got really pissed off and declared war on the Russian Ministry of Defense. Imagine that the Wagner Group is starting to take over Russian military bases. Russian mercenaries are shooting at Russian soldiers.
They take over Russian military bases and go to Moscow. Moscow is preparing for an invasion. It looks like that. Trucks full of sand are coming and surrounding Moscow. We have some bombings. The Wagner Group is bombed on its way to Moscow. What will come of it? If Prygorzyn replaced Putin, it would be even worse. He is a total guest without any scruples. I think the danger of using weapons in proportion would increase. For some reason, we can find an article that was published an hour ago, 42 minutes ago.
Why is the Russian coup in America bullish for Bitcoin? Why? It always amuses me that we are in this market, that we go to the cemetery and there are only pluses. Why? Because the turmoil, because the rioting is always good for Bitcoin. The dissidents must run away with this capital. Russia has been allowing for normal legal trading of crypto for years. It has been allowing to legalize normal exchanges. It has left its sick idea of the national exchange. Fortunately, it would have ended in a total failure. Something like the national exchange of North Korea would have worked. For some reason, it is a bull for Bitcoin. Bullish. But the situation in Russia is certainly unheard of.
Who would have thought? Now Putin has to fight on two fronts. The second front is at home. And in Ukraine, we have this Ukrainian offensive, which has started, or not started, it has started, but so far it has not achieved anything. And Putin is being rebelled by the guys in the yard. I'm really curious what will come of it. Do you remember at the beginning of the invasion, Putin was supposed to go to Kazakhstan, but his plane was hijacked? It's hard to imagine what to do. But I don't know if you remember, at the beginning of the invasion, it was quite loud about sending Bitcoins to help Ukraine. Now it is not specifically mentioned. I think it is not mentioned.
I don't know if anyone else has sent Bitcoins yet. But I don't think they are accepting more donations. Maybe they kept it on FTX? I don't promote it. That's why they don't say anything, because it would be a joke if it came out. But there was something like that. Have any of you heard such rumors? That they sometimes kept it on FTX? I wouldn't be surprised. But regarding the Edex of this stock exchange, you enter it, and this stock exchange has just started. You enter it and read, trusted, effective and fluid. I have goosebumps when I hear that another centralized stock exchange is trusted. There is no centralized stock exchange that is trustworthy. It should not be kept anywhere.
It should not be kept on any stock exchange. It should be banned. It is a bit strange, because this week in the UK, another crypto regulation law has passed. Another level has jumped towards approval. And now it is on the knees of King Charles III. I remind you that we have a new king. Charles the Weak. In this law, stablecoins are regulated. Crypto is regulated. And now, what is probably the most important, is that this law, apart from the fact that it has 314 pages, I have a rule that if a contract has more than 4 pages, I do not sign it. I learned that the longer the contract, the worse it is.
And I suspect that it can be translated into laws. What is probably the most important is that this law recognizes cryptocurrencies and stablecoins as regulated. As regulated payment funds subject to the current regulation of payment funds. So it equates them with normal traditional currencies. I wonder if tax-wise too. And now you would have to bite into these 314 pages or use a chatbot to read it. It's like with privileges and duties. Everyone wants to have privileges, but does not want to have new duties. If we are talking about equality. Exactly. Equality of privileges and inequality of duties. But here it is a bit the opposite.
When a government recognizes Bitcoin or cryptocurrencies as regulated, as well as money in terms of money laundering, financial regulations, treating cryptocurrencies as securities, it is cool for them. But if we are talking about, for example, tax, capital gains, then it is not a financial resource anymore. It is a security. I was in the details, but here the file says that I will read it later. But from what I understand this news, it is that the Higher House of Parliament approved some version, which now will go to the lower house, which will make its amendments. That's why I say that this law has skipped another stage in the whole big regulatory machine in the UK.
But the final is that we are getting closer to the regulation of crypto. I don't know if it can be said that it is fully regulated, but let it be. In the UK, we will have. . . And the UK has been announcing for years that it will be a paradise, not a paradise, but a place where they want to develop payments based on blockchain and other things. Even Gemini has launched its license in the UK. We have new exchanges that are registering there. But you see, the most theoretically liberal party that is running for parliament in Poland in the income tax law has left a 19% tax on Bitcoin. There are no exceptions.
But it's just a project. Okay, but it is being discussed at this point. There is no chance for that. Even for those who dream that the income tax law would be simplified, that in some countries Bitcoin is exempted from the tax on capital gains, there is no such plan here. It's a bit sad. And we will probably stay in Poland with this tax on capital gains. And in general, you know, if you have a tax, you could agree that you have to pay taxes, but it has very practical consequences, which is that using Bitcoin as a payment method no longer makes economic sense. And above all, it is a difficult task in a bureaucratic way.
Of course, some people have some ideas how to accept it. Isn't it a matter of defining what Bitcoin is rather than whether it is subject to the tax on capital gains? Maybe yes. You could approach it in this way, to make an exception or classify Bitcoin. Yes, you could classify it as a real currency. As a foreign currency. As a foreign currency. And what? It all adds up to the fact that last year the number of people in the UK who own cryptocurrencies doubled. Comparing the research from last year to the UK, there was something like FTX UK. But compared to 2021, according to their survey, it turned out that two times more people have cryptocurrencies than before.
So it looks like Great Britain may actually be some kind of place. Or the Poles came to the UK. Yes, for sure. Let us know, because we know that you are also watching us from the country of the falling empire. So if you know something more, or in practice, how it looks, let us know. My friend told me that he got a letter from some financial regulator, who said that he knows that you trade crypto, which scared him a bit, but he was registered on some Kraken or somewhere. We know that you trade crypto, so we wanted to ask you what you think about this law.
If you could answer these dozen or so questions, we are very interested. We want to know what you think about this topic. It looks like they even asked people. So if anyone of you has such experience, please write it down. We already know that. What do we have there? We have some Bitcoin news. Do you have something to show? Yes, a new Lightning portfolio, which allows you to send funds directly to someone's email address. It automatically detects whether the given email address is somehow paired with Lightning Network. If not, it sends an instruction on how to withdraw funds. You can experiment on the website wallettano. com.
They came up with the idea to send funds to Lightning Network via email. Lightning Network has a cool service called LNAddress, where someone's Lightning addresses can be presented in a form that looks like an email address. If you use Wallet of Satoshi or a few other portfolios, you can generate an address for withdrawing funds. It looks like an email address, but you can also pair your real email address with a Lightning Network portfolio. If someone does not know your typical Lightning address, they can send you an email address and you can pair it. It's a cool possibility. Even this week, Santander was boasting about its benefits.
I don't know what they are doing with this technology, but they are trying to implement something. Santander has a love-hate relationship with Bitcoin. Sometimes they love each other, sometimes they hate each other. We don't know what's going on. In Poland, only KOOBP has all the regulators' seals for their experiments with cryptocurrencies. They have been running a research project in this area for several years. They even set up a company in Switzerland. They admit that regulatory obstacles are the biggest problem for them, but they also boast that they already have all the seals. KMF has already patched it all up and we can expect some news from KOOBP soon.
What are they waiting for? They tried for a while in Metaverse, but Metaverse has ended. Everyone has run away from Metaverse. Nobody remembers about Metaverse anymore, although maybe they will come back, as in the Apple googles. We are waiting for ITAU Bank to join the association of crypto fans. Maybe in Poland, PKOB will also join the Bitcoin Association. Who knows? Maybe it will support it. Or to the IZB. I don't know. They should join somewhere. But what are they waiting for? Are they preparing some stages? I heard that they were supposed to launch it, replace the whole market and so on. Where are those Polish stablecoins? It took Zaorski 15 minutes to launch it. Zaorski is now selling himself.
He has set up some payment groups. All the confidential information will be presented after the scandal with Benzin shares, where it turned out that in the super system for publishing key information for companies, which is called ESPY, information about the key contract appeared only a month later. It turns out that you need a different Internet service, which would inform you on a regular basis about what is happening. Not that only after a month important information comes out for companies, but immediately. It is necessary to have a free market of information, not only companies publish it, but also insiders publish interesting information. You can hang me here. I have already said it many times. I am not an opponent of insider trading.
I think it is a fight against the windmills and the fiction that you can manage insider trading in any way. I think it should be legal for everyone, not just for the governors of the United States. Yes. Besides, insider trading allows for a faster price acquisition. It is more likely to have a more realistic price, not only after some time. It is known that all insiders always buy on some poles, etc. The fifth water in the bowl buys with the share. And then you have layers of different regulations. You have to declare every now and then whether you are an exposed person politically. It is also an interesting fact. Banks have so-called PEP lists, i.
e. people exposed politically. But there are not all PEPs on these lists. You can't publish PEPs that are military. Agents. For example. Why do you need such lists? For important people whose data should remain secret. Especially those who have the greatest motivation to take a paw in the arm. All these military bargains. It is also some kind of fiction cultivation. But it is a side topic. Returning to the topic of Bitcoin, apart from the fact that exchanges are opening up all over the world, it has become a bit quieter. There was a very nice conference in Prague, where we both were not present. But we know that it was great.
Maybe there will be a chance to visit the nearest conference in Rydz. It is also very cool. What's next? I know that the Bitcoin community has become very active in Poland. Events are being organized. I have even seen events that are aimed at teaching entrepreneurs to accept Bitcoin payments. I will try to put a link to this in the group. It is worth following. I think that support is also possible for this project. What you say here would indicate that a return is coming. Or rather that a new blood is coming. The new blood of new Bitcoin enthusiasts. Young people are coming. Young people who have ambitions and want to change the world.
It is good. We can see another wave. Maybe something cool will come out of it. We keep our fingers crossed. The fight of these two gentlemen, Mr. Elon and Mr. Tsak, will definitely be a spectacle. We are doing it. Elon Musk challenged Mark Zuckerberg to a duel on Twitter. Mark replied that he will send me the location and I will be there. Zuckerberg, who is a local master in Jiu-Jitsu, is looking forward to the possibility of beating Elon Musk. He is much older than him. Interestingly, he also used to practice martial arts. With his baby now, he could only try to crush Tsak.
If he manages several large corporations, he will not have time to train for 2 hours a day. Apparently, Andrew Tate wants to train Elon Musk. Of course, Joe Rogan will be the judge and commentator. In general, this event would break the watchability of all UFC fights and MMA from all federations. The fight is supposed to take place in Las Vegas. The gentlemen have already been on a joint call discussing the details and deciding on which charity organization will be allocated the funds from Pay-Per-View. It looks like the whole world will be able to watch Elon get punched in the back.
The biggest battle is now being played on the front, not between Russia and the rest of the world, but on the front of open artificial intelligence models and those closed, delivered by OpenAI. We have good information here, the development of protocols related to Bitcoin is in progress. I mean Lightning Network and the Nostar community protocol, which in combination with open artificial intelligence models can turn out to be a path through which open artificial intelligence models will be able to win against closed models. There is a very nice article on the topic of artificial intelligence on Hive.
invc about how the use of Bitcoin, Lightning Network and Nostar network can affect a much better training of artificial intelligence models, using, for example, Zaps, payments, etc. So, we can say that such a network can be better trained thanks to more accurate signals that result from someone making a financial contribution in their opinion, not some arbitrary assessment. Here, money decides whether a given information is valuable in some way or not, or whether its assessment is manipulated. It's a bit like in a factory. If you can't bet on something, your opinion doesn't count. The same approach appears when training artificial intelligence models. If something is not actually financially motivated, there is no background, then it is actually less valuable at this point.
However, likes can be manipulated, some thumbs up or anything else. Here, the flow of money is more difficult. I recommend this article. Here, we have this connection in the development of Bitcoin with artificial intelligence. This connection is a result of the work of Nikon. I will tell you something else that seems to me completely obvious now. Until yesterday, it was not like that for me. If you train a large language model, LLM, what LLM needs is data. We have data in crypto, we have all the transaction data of the blockchain, plus all the inscriptions, smart contracts. I have a question for you, maybe you too.
Is there a startup that trains a language model based on blockchain data? I asked yesterday in the chat GPT, what could such blockchain data be used for? What would a language model that is trained on blockchain data be useful for? I asked myself, the chat GPT came up with some interesting ideas. Namely, such a model could analyze transactions, identify patterns, correlations, even predict future transactions. Of course, it could be used to track dirty money laundering, illegal activities, etc. What is not to be hidden is a huge business in crypto, tracking transactions. Such a language model could audit smart contracts, knowing all smart contracts. It already does. Yes, but it is not trained on these data, especially.
It may know how to write contracts in Solidity, but it knows everything that was deployed, such as history of transactions, history of breaches, hacks, errors. It may turn out that such a language model can be very valuable for auditing companies. In addition, it could indicate errors, help optimize smart contracts, predict cryptocurrency prices, at least according to the GPT chat, that it could be useful for tracking patterns of large transactions, projections of trends, etc. It could help in the development of DeFi, in compliance, in tokenomics of various projects. It could be an advisor in various cryptocurrency services, education, training, etc. I am shocked that no one does this.
At least I have not heard of a startup that would take all the data from the blockchain and put it into a large language model. It seems to me that this is such an obvious startup. Mosaic. ai this week raised $120 million for creating a competition for the GPT chat. I don't understand, because creating a competition for GPT chat costs $500. Yes, it had a pitch deck. But you know, training another GPT chat costs $500. I don't understand why they raised $120 million. I don't know why they need so much. The Venture Funds are just stupid. I don't think about the series. But in my opinion, it is a simple recipe for a startup.
Speaking of what you said, that training is quite simple. Mosaic. ai has published a new language model. It is called MPP30B chat. It is quite good at it. Unfortunately, it is not good at English. As you can see, it did not have much access to data in Polish. It was mainly trained in English. But the creators here boast that it is superior to their GPT-3 capabilities. Because there is also training for scientific data. So we could ask the same question you asked. I can stick it in for you. Prompts are the most important in a conversation with artificial intelligence.
What is interesting about this model is that it is the first model that can answer complex logical questions. For example, if drying one shirt after washing takes an hour, how long does it take to dry 20 shirts? All language models enter some calculations. It turns out that there are several hours, 5-6 hours. This is the first model that can say that if you can hang all the shirts on the cord at the same time, it will take an hour. Just like in the case of one shirt. This MPT-30B is very advanced when it comes to logical thinking. This is an open-source model, so the answers are quite good.
So here is the fraud detection, smart contracts, automation of processes related to smart contracts. Similar to the path. This is a ready pitch deck. You can take all these points and take 100 million dollars. This is an interesting idea for a project. Decentralized data marketplaces. I have consulted one such project. Blockchain is just a database for timestamps and hashes. Does blockchain solve any problems with data trading? I'm talking about contracts where you pay a smart contract for an answer and a model delivers the answer. There is an agent who evaluates these answers and you pay for the best one. This is the most banal example. It's about decentralized data trading.
This is another idea for a startup. You have a wide range of models. Some are great at coding, some at logical thinking, some at creativity. It's about them either specializing or profiling in some directions. There will be some meta-models that will arbitrate between the answers of different models and then combine the answers of several models. Maybe this is an interesting motive for consideration in an AI startup. There is a model that evaluates the answers of other models. As we have already touched on this topic, this week you can stop paying for mid-journey. Stability AI, responsible for stable diffusion, released a new model of stable diffusion called XL09. In the summer, the model 1.
0 is also expected to appear. This stable diffusion XL works great. Many say it is better than mid-journey. The effects are really nice. It looks like stable diffusion will take over the market. Let's face it, stable diffusion was weaker than mid-journey. I would even say that the number of fingers is correct. Although maybe not. It depends on how you count it. This is an open-source model. Anyone can run it. It is very fast, very flexible. After what stable diffusion has done in the world of open-source models, it has made a huge revolution. We have all these control nets based on stable diffusion. It is possible that with version 1.
0 we will enter a completely new level of deepfakes and other topics. A very important question has been asked. How to build a highway through an anthill? Let's see. There is an answer to this question. Ok. Wow. Who asked this question? Someone in the chat asked the question. Building a highway through an anthill is a very complicated task. It requires very detailed planning and consideration of all needs, including people and ants. Here you go. It would seem that there is still hope for us. Is that what it is about? Yes. Artificial intelligence has written here how to deal with an anthill if you want to build a highway. It is about the need for ants.
It looks like you have to study the anthill, plan the route, dig a ditch, then lead the line through the ditch. The question is whether this road leads through the anthill or not. It is a very important question. I don't know why this question is so important, but it is clear that the need for ants is important. Why is it important? Because we are ants, Lech. Why is it important? We are ants. I am returning the honor. So far, it seems that artificial intelligence is well aligned, and that's why I used such a strange term, AI projects. Of course, there was a new GPT chat update in the meantime.
Those of you who use it know that API functionality has been expanded. Two weeks ago, I told you that your life hack to launch your front end to the chat on your umbrella and only connect through the API with the GPT chat and only pay for the API calls, I told you that you don't have access to plugins. Two weeks have passed and you already have access to plugins through the API. Life hack, respect. It is definitely much cheaper than paying for the API. So it is worth having an umbrella. Well, it's up to you, but you can set up such a front locally, it doesn't have to be an umbrella.
I also asked AI to create a website for our podcast. And it is working. Cryptoverse, please. I wrote a website for a Bitcoin podcast, so maybe I still have to write down the name. What is this website? Oh, it's the FramerCon. It will definitely work. It definitely works when it comes to creating a website. Most of these generators, such as Durable, Pineapple or even 10Web, which boast that they have AI generators for websites, unfortunately, they usually create very generic websites. 10Web is based on WordPress. The rest create their own, pure HTML, CSS. And it looks like Framer will be the leader when it comes to creating websites, because they are the least generic.
They are not similar to each other, only the template has been changed. But it looks like this website is quite unique. Although it is hard to say that websites can be unique today. If you want to come up with something in web design, you have to be an Apple. You see, he even suggested the text, which is Crypto Conversations. So it's quite cool. A website for a Bitcoin podcast and you have a ready-made website. I think I can deploy this website for free on the subdomain of Framer. So building websites has never been easier. The only question is whether they have API. Speaking of programming, it is also getting easier now.
In the past, most of you have used, for example, GitHub Copilot, which is quite good. I have to admit that it is quite good. I understand the context in which I work quite well. What is the difference between Copilot X and Copilot X? Are you talking about X or O? Even the usual Copilot. Copilot X is more advanced. I think it uses GPT-4. There are also the same GPT-4 plugins, but it turns out that when programming, a very important thing is something like context. Usually, your programming project is not 20 lines of code. It is often a fairly advanced project, which has hundreds of files, hundreds of components, etc. This artificial intelligence must understand it.
And here the MagicTest project was created. The so-called context window. Yes, MagicDev boasts that their context window is 100,000 tokens or more. And it is able to understand the whole context of your programming project and actually suggest what can be done. This is another level when it comes to programming abilities, language models, because it is not just about solving some minor problems, but we are already entering the area of the architecture of the entire system that is created. So the work of programmers will be even more efficient. I must admit that I use these tools very often every day. They are very helpful and they speed up a lot.
For someone who knows what he is doing, it is a very helpful tool. 10 times more efficient. It grows incredibly. Let us know in the comments if you use it. But it is also an interesting thing. At the beginning, when the GPD chart was released, there was a great hype that it would replace us all, release us from work and so on. But it looks like this efficiency in work will increase tenfold. Of course, this probably translates to a release, but developers, programmers have always been missing. In every industry that has developed, which we are an example of. Programmers were always missing. And now it suddenly turns out that we multiplied them 10 times a day.
Not to mention that everyone can become a programmer now, very quickly, really. Just go to the prompt with a description of what you want to add to the application and give me a step-by-step how to implement it. And I will print out the GPD chart for you, instructions on how to create and implement the entire application, or even deploy it on AWS. Let's hope that thanks to this, more Bitcoin projects will be created, or maybe projects that will actually influence the development of adoption. And that there will be such a big synergy here and technological development will happen so quickly that all the problems of the child's age that we have now may pass quickly thanks to this.
We will have better applications, better wallets, better smart contracts, safer, more automated, more friendly to the user. Let's hope so. And maybe many people will use intelligent trading advisors and maybe they will not be able to zero in on the lever. Regarding coding, have you seen this Wizard Coder? Have you seen it? Do you use it already? Unfortunately, I cannot find information about the context of the Windows. But this Wizard Coder breaks all the benchmarks when it comes to coding. It breaks all the open-source models when it comes to coding. This is just a comparison, a benchmark for human reasoning. So Wizard, 15 billion. If someone wants to launch it locally, it is also worth a look.
There are new models being created every day. One after another all the time. It is very fascinating that we have so many open-source models. Although not many of them can be used commercially. This is also an interesting thing. Well, that's all the news from AI. I have a new anthem for you this week. Very cool, so at the end. We ask all of you watching to give us a thumbs up. We ask you for trust credit. Or if you have already reached so far with us in this quarantine. Send us a message. How to send a message? I mean a note. How to send a note? Quarantine on btc at getalby.
com We should have it in the description under every video. We will add it in a moment. If someone can use Lightning. Lech, what is it about? Does someone regularly send us a note every month? No, every time we make an episode. Every time we make an episode, someone sends us how many? A huge note. Thank you. If someone is watching us, we thank you. It's really great. It's very nice and useful. We pay for it, for example, a stream yard or some other things. At least we're hustling. To make it clear. Let's see if BBC has updated anything about Russia. Some news. The price of Bitcoin has stopped at 30,000.
Because Bitcoin has stopped for a while to go through quarantine. All traders have stopped. What will Lech say? They have stopped the market. Just like Vitalik used to say, guys, stop trading. They had to make a hard fork. Yes. Exactly. There was a hack on Ethereum. The first DAO was cleaned up. There was the first Rackpoll on DAO. Vitalik got pissed off and wrote to all the GEOs, that they should stop trading. Famous words. Speaking of decentralization. We should make a canon of famous words from crypto. For example, funds are safu, stop trading. We could write a lot of catchphrases from crypto, which have become legends. Or to the moon.
I am very positive about the price of Bitcoin. Although I don't know if we will get a correction. But I think that the time has come. Many investors have already made the biggest moves. In the case of Bitcoin, we have a very clean regulatory situation. We have big, significant jurisdictions that are coming to us. Infrastructurally, we are also prepared. The difficulty of obtaining the computing power is growing. We are very well positioned. We are going from depression to euphoria. Emotions are huge. The variability of emotions is also huge. I think we can say that now there is smart money accumulation. That smart capital is now accumulating. Smart capital. Artificial intelligence is buying.
Don't be surprised. Okay, a surprise for you all. The latest HEM right before the end of quarantine. The latest HEM right before the end of quarantine. The latest HEM right before the end of quarantine. The latest HEM right before the end of quarantine. The latest HEM right before the end of quarantine. The latest HEM right before the end of quarantine. The latest HEM right before the end of quarantine. The latest HEM right before the end of quarantine. The latest HEM right before the end of quarantine. The latest HEM right before the end of quarantine. We'll be dealing with monsters! Monsters born to divide! Can't afford staying!.
S K R Y B O T
Skrybot. 2023, Video transcriptions from YouTube
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