Good morning, good afternoon, good evening to everyone tuning in, and welcome to Fiendish
and Friends.
After a two-year hiatus almost to the day, the Bitcoin Cash Hangout is back, rebranded,
and supercharged to march on with the glorious mission of decentralized permissionless digital
cash for the world.
Many of you have been excited about all the activities surrounding Fiendish and Friends,
and I can't believe we're finally here, the first chapter of an incredible mission.
Of growing the community, increasing on-chain transactions, and getting more people than
ever using BCH, cash tokens, and everything the Bitcoin Cash ecosystem has to offer.
All of this is to realize the Fiendish dream, a world where people can transact freely with
one another in a currency where their wealth is protected.
A future where Bitcoin Cash is adopted and used around the entire globe, and money's
pure information can flow unimpeded to the general benefit of all.
Part of realizing that dream is continuous technical progress of the technology that
powers Bitcoin Cash.
And that is why Fiendish and Friends' first episode is today, because today is a pretty
special day for Bitcoin Cash.
November the 15th is lock-in day, where any upgrades to the Bitcoin Cash network for the
following May.
And Bitcoin Cash has some big upgrades planned to be locked in the next May 2025.
Taking this quote from Bitcoin Cash node, BCHN maintainers now consider VM limits and
BigInt chips locked in by overwhelming community support.
Virtual Machine limits and arithmetic, otherwise known as Velma, to enable more advanced Bitcoin
Cash contracts, reduce transaction sizes, and reduce full node compute requirements.
And BigInts, which increases the maximum length of the virtual machine numbers from 8 to 258
bytes.
And hopefully Jason Drazener, the developer behind the two chips, will be joining us later
today to give some more insight into these two cash improvement proposals, otherwise
known as chips.
It is very early in the morning though, so if he doesn't manage to make it, Jason, you
are excused.
Also joining us in the first episode of Fiendish and Friends is special guest, Jomar Tagana,
founder and CEO of Paytaka and brains behind many important BCH tools such as cash token
studio plus many known BCH advocates and podcasters and proponents are joining us in the audience.
I can see there Flowy, Tom Zander is there, Bitcoin Jason.
It's great to have so many in the community here.
It's wonderful to be part of this together.
Just so you know, Fiendish and Friends is recorded and all episodes will be made available
shortly after airing.
Some more information will follow about where this can be found and can be watched.
But before we begin, here's a quick note towards space's culture.
Fiendish and Friends is on a mission to grow P2P cash usage.
So we embrace an open, positive, inviting, friendly and forward thinking community for
people to share what's going on within the Bitcoin cash ecosystem.
So if you have a question for our speakers or on the topic being discussed, please make
a request to grab the mic and don't be shy to come on the stage.
Topics for today's show include Paytaka, its work on adoption in Asia, Paytaka wallet and
the cash token studio.
Also BCH 2025 upgrade Velma and Bigint.
What does it mean and how does it impact you?
There'll be news on the BCH cash tokens meme competition from the BCH podcast if he's there
and able to make it and Meme Master Luke Pryor.
Finally there'll be information about the Fiendish and Friends including our new tokens
and announcement of the competition winner for 10 Fiendish tokens.
So let's get the show on the road.
Hi Jomar, welcome to Fiendish and Friends.
It's great having you here.
Hello, hi everyone.
How are you doing?
I'm good, thank you.
It's nice to be here.
Thank you for having you here.
Yeah, you like you said.
I am in awe of all your work.
Right.
I mean, it's really incredible how you've exploded onto the ecosystem.
So yes, thank you.
Thank you for being here.
Yeah, my pleasure.
My pleasure.
So, yeah, so Jomar, maybe you could give a short introduction about who you are and what
you're doing for those in the audience that may be not aware of who you are and what you're
doing.
Sure, sure.
All right.
My background is actually I'm a research scientist.
I'm a biologist.
I used to be.
I did my PhD work on biotechnology and bioscience engineering.
So many people ask me how I end up doing some software work and get involved in cryptocurrencies.
It's really very different from my previous background.
But early on 2013, I was able to read the Bitcoin white paper.
And the moment I read and understood about Bitcoin, I knew that this is going to be a
big introduce a big change in the world if totally realized.
And I like the ideals that I read to be part of revolution.
So starting as early as 2018, 2019, I got involved in several projects.
And one of them is Paytaka, which is the wallet app.
And the goal was really I wanted to see a lot of adoption everywhere of Bitcoin Cash.
So I was thinking how can we make that happen?
So the wallet was like the natural tool, the most natural thing that we can do.
We should start with something that we can then modify and extend depending on what's
needed on the ground.
So Paytaka has been like we made it to be extensible.
So we have app system within the wallet.
So we built a number of things that we think are important in order to promote adoption
of Bitcoin Cash.
Yeah and that is something you'd be doing a lot of, which I'd like to come to.
When thinking about the Paytaka wallet, Jermall, what do you think what differentiates your
wallet from the many Bitcoin Cash wallets that are available currently on the ecosystem?
So since 2018, we kept adding things, the functionalities that we think are needed.
So we have the more recent ones, we launched the P2P exchange, which is meant to help with
the onramp, offramp of BCH to Fiat.
And so that's actually becoming like the primary means for our users in the Philippines to
convert their pesos into Bitcoin Cash.
And then so onboarding or onramping was one and we think that we should provide a compelling
reason for ordinary folks to spend their BCH.
So we built the marketplace, which is like a platform where the merchants that we onboarded
can sell their products.
And the customers, the wallet users can buy directly, buy food, order food from the merchants
through the app.
And then there's like a delivery system that handles the logistics.
And the riders are also getting paid in Bitcoin Cash.
And all this so that they're able to save because it's a lot cheaper than other delivery
app platforms.
What makes it cheaper?
Is it the fact that the card fees are so much higher or the other factors at play?
We were able to, I think a big part of that is because we are not paying payment processing
fees.
So we are not using credit cards, so we're able to cut down on the fees.
So it's just Bitcoin Cash.
So you pay a very minimal fee.
We just add a little bit, a 10% markup where the other platforms are charging like up to
40% markup.
So we can go that low because we are using Bitcoin Cash.
So and still be profitable.
Yeah, this is, I guess, the critical thing because with Paitaka, you're building here
a business, an ecosystem.
And it's critical that at a certain point that business becomes profitable.
And it interests me greatly, you know, to anyone out there who's not aware, Paitaka,
so it's not just a wallet.
It's an entire ecosystem, as Jomar just said, with P2P trades, marketplace and retail adoption
of Brickham Mortar stores in the Philippines, which is really exciting.
And Jomar, from your perspective, what you've seen out there, how much are the stores seeing
usage from Bitcoin Cash?
Are we talking, you know, are they seeing usage?
Is it growing from your perspective?
Yeah, it is growing.
We built this map.
We have the map.Paitaka.com so that people can see when the last transactions were done
on each merchant.
So there you can see that every day there is transaction in this merchants.
So it's like a few hours ago, there was this transaction in this merchant.
You can see that from the last transaction timestamp.
And we ourselves can see that more and more users outside our circles, because for my
team, they also receive partly in BCH their compensation.
So we ourselves are spenders in the merchants that we onboard.
But more and more we are seeing more people that are outside our circle who are becoming
regular spenders.
Oh, that's great to hear.
Yeah.
So the number of users increasing, the number of merchants are also increasing.
And these days, it's even easier to onboard merchants because they can see like their
friends who already got onboarded or they see us in public events because we do a lot
of these promotions, public promotions.
We organize events.
We sponsor events.
We get invited to conferences, local events here in the business community, and even in
government organized events.
So we are quite visible.
And so when we approach businesses, they have this recall like, oh, this is Petaka.
I know this.
I saw this in this, in this, in this event.
So you're quite famous.
And so it becomes easy to onboard these merchants because of the visibility of our visibility
in the space.
Wow.
That is amazing.
And when thinking about where you came from, the fact that if someone really from a very
different background to crypto currencies or cryptography that read the white paper,
understood what Bitcoin was all about and saw the importance of that and that change
on humanity and decided to go full on into Bitcoin Cash that still lives that dream and
breathes that dream and do so much for the ecosystem and to have such great success.
Jomar, I really do genuinely mean it when I say you are an asset to Bitcoin Cash, to
P2P currency, to Liberty, to freedom and everything that is wrapped around it.
And it's really wonderful to see all the work you're doing.
And I have to admit, I downloaded all of the wallets quite a while ago that were available
on Bitcoin Cash.
And I started to have a look, you know, what's out there and what are the different possibilities?
And I wasn't convinced enough to change my wallet at that point, mostly because I'm a
creature of comfort.
And I like what I know.
So recently, as you know, I've used the Paytaker wallet quite intensively and in combination
with Cash Studios, which I'd love also to hear a little bit about.
And the wallet has got so much baked into it.
And it's much more a pleasure to use than I remember a few years ago when it first came
out.
It's made some great iterations.
It's improved so much.
And I can say that to everyone in the crowd.
And I do mean this genuinely right now.
Paytaker is my wallet of choice.
And I advise everyone in here to give it a go.
I see, yeah, we've got Jeremy on.
Celine is also a fantastic wallet.
It's very, very easy to use, very quick, very efficient.
And yeah, hats off to Flowey too.
So I don't want to be putting down any other wallets in the ecosystem.
I'm so fortunate to have so many fantastic wallets in the Bitcoin Cash ecosystem.
But today, and it's not just because you're on, I genuinely have deleted some other wallets
from my phone.
Not all.
I've still got Celine on there, to be quite honest.
But my main wallet, main driver is Paytaker.
So yes, thank you.
And so I've been using Cash Token Studio, as you're aware.
So, Joe, when did the idea behind Cash Token Studio come about and how much traction are
you seeing there with people using that tool?
And maybe you could also talk a little bit about what Cash Token Studio is, so everyone
in the audience could have a bit of an understanding of what's available and how that connects
to your wallet.
So the, just a back story.
So we have been, I personally have been involved in token projects in Bitcoin Cash since the
early days, since SLP days.
So in fact, my first project in Bitcoin Cash that I got involved in was the SPICE token
project.
That was SLP.
That's fantastic.
I wasn't actually aware.
So you were behind the SPICE token?
I wasn't, yeah, I wasn't involved with SPICE.
I built the first version of the SPICE bot.
And we were able to get it listed, the token in CoinX.
But we had a lot of experience in SLP, the point that we knew what the flaws were.
And we were like, we experienced it firsthand, how the infrastructure has eventually degraded.
And there was a growing discontent with the way things were.
And so when Cash Token was first proposed as a chip by Jason, I was very excited about
it and very early we were digging in what we can do with cash tokens.
And in fact, Paytaka was the, I think the very first wallet that had cash token support,
if I'm not mistaken, because we did our work early on that.
And we really wanted to take advantage of this superior token protocol that's getting
out.
And the result of that exploration and study, I got my team working on a tool that can help
those who are not programmers to be able to create cash tokens, like fungible and non-fungible
tokens with just the browser, point and click.
And it will handle everything, creating the token, making sure that you can update the
metadata and uploading the metadata like images and all the other token related information.
The uploading to IPFS is also handled automatically by the tool.
You just need to connect your wallet.
Any wallet connect wallet will work.
Of course, Paytaka was there from the beginning, but other wallets that are also supporting
wallet connect, you can also use them.
But I am myself happy to see the outcome of this.
And many people, including you and other folks who appreciated how easy it is to use the
cash token studio for any token project idea.
Absolutely.
It's really, really easy.
So to put it out there into the room.
So I am a techno idiot, I think is the best way to put it.
So if I was having to program something, I don't have the time to work around that.
If something's quite complicated to find the time that I would need to understand that
and to make use of that.
It's just not going to happen.
And so I can really put my hand up and say that Joma has done a fantastic job here.
I also like to give a shout out to Paul.
So Paul created a video on YouTube.
So if you search up how to create your own meme cash tokens on Bitcoin Cash and list
them on Cauldron Quest Dex.
There's a great video on YouTube and I'll make sure it's in the Finnish and Friends
Telegram group that everyone can find access to.
And he walks through the steps here in the video of how this works.
And you can use Cash and I's Web Wallet from Matthew Goikens or you can use Paytaco Wallet,
which is actually how I used it because then I didn't even need to leave my wallet.
I was on my phone and I could connect very effortlessly to Cash Token Studio.
And following the video, I don't even know if the video is needed, but because once you
actually once you've done it once, you realize, wow, this is super, super simple, super easy.
So I know many people in the community have yet to create mean coins or NFTs for one reason
or another, maybe philosophical, but also I think quite a lot of it is just the friction
that's seen there, the effort involved, which is no longer true.
It's really easy.
It's really effortless.
So I implore everyone who's listening to check that video out, to check out Cash Token Studio,
connect it to either Cash and I's or Paytaco or whatever Web Connect wallet you are using
and to create some NFTs, create some tokens, send them to your friends, send them to your
family, have some fun with this because there's a lot there, a lot of great tools that are
easy to use.
And if it interests you in the slightest, there's just not an excuse today not to do
that on the Bitcoin Cash Network.
So yeah, thanks.
Thanks, Joe Mar for all of that and for your support in the ecosystem.
Yeah, thank you for support as well.
And we're getting a lot of feedback.
In fact, in the early days, it wasn't as easy to use, but we really appreciated lots of
feedback from early users.
And if you are using either Cash Token Studio or Paytaco, please reach out to us if you
encounter issues, if you have problems or even like simple like something that you want
improved in the wallet.
Our Telegram group is always there.
I'm always there to take your feedback and we can probably prioritize it, work on it
at some point.
I can also attest to that.
So I also had some issues when creating the Finnish and Friends NFT when it was first
created, there wasn't an image attached to it.
And I wrote in the Telegram group and Joe, I think, responded within two seconds.
I don't know, it was lightning fast.
And he responded.
And just a few seconds after that, actually, the problem was solved automatically.
It was just to do with, I guess, some latency with syncing up the data on the cloud to link
to that metadata attached to the NFT.
But yeah, it's so funny to see someone like yourself, Joe Marvitz.
I guess that's you.
That is your account on Telegram and you haven't given that to someone else.
But if it is you, the fact you're so active on every level is really amazing.
Yeah, I'm still sleeping.
I'm still getting enough sleep.
That's the main thing.
Thinking about the next topic, so really important.
So today, it looks like we are locking in, according to everything I can see, the May
2025 upgrade is in.
And there were some questions from KnuffNode, but these have now been sorted to do with
the big ins.
But it looks very much like Velma, VMLA, and big ins are locked in, the two big changes
coming to the network.
And I would love to hear from your perspective, Joe Marv.
What does it mean?
What does it mean to you?
What does it mean to Paytaka?
What does it mean to the ecosystem?
We are equally excited about these upgrades in the same way that we were excited about
cash tokens.
I think it's very natural that once we have these very powerful token primitives, the
cash tokens, and also the earlier upgrades, the introspection opcodes, and many of these
enhancements in the VM, I think it's pretty natural to then tackle the limits.
Because you have a very powerful VM, you have a very powerful set of opcodes that encourages
building complex, more complex smart contracts.
We don't want to be limited in terms of how big our contracts are, how many opcodes are
there.
Of course, there should be reasonable limits, but the current limits are just quite limiting.
We need more reasonable limits so that we can build more powerful contracts.
We can take advantage of the upgrades that have been rolled out in the earlier years.
So yeah, I think we at Paytaka, we are excited about the possibilities that this can open.
We ourselves are developing smart contract applications, and we hit these limits from
time to time, and it will be a huge thing for building more complex applications.
That's exciting.
I really like the term reasonable.
I've heard this used about Bitcoin Cash as well, the reasonable Bitcoin, the reasonable
block size, the reasonable numbers.
I like this because this is the middle of the road, Bitcoin Cash.
It's basically taking the reasonable way forward.
I guess it's because these changes were reasonable.
That's why there was overall very large consensus for making these changes.
I've seen Bitcoin Cash autist showed the difference between before the upgrade with the smart
contract and afterwards, and there was a significant difference in the complexity.
So it made it something that was very complex.
Today, very much simpler, much more elegant with this upgrade, which will make it, I'm
sure, much easier for developers to get their teeth stuck into this new world of UTXO, which
they may not be acquainted to and the tooling around it.
So I'm really excited that that's in and looking forward to seeing how that bears its fruit
with new products tooling that will be built on it.
Does anyone have anything to ask Jomar or to give their input into this massive upgrade
lock in for next year?
I'd love to hear from you.
I see Jonathan Silverblood's in.
Hey, Callisty, it's great to have you here too.
Jeremy, I'm sure there's something you guys can add to this and the importance that this
has on Bitcoin Cash and how that all these steps are leading us towards that guaranteed,
for sure, destination of worldwide adoption and usage of Bitcoin Cash everywhere.
Yeah.
Hey, Jomar, how you doing?
I've been a little while, but yeah, I want to get onto the upgrade.
But firstly, I have a question which is about purely peer.
So for people who don't know that Paytaka guys have been working on it, it's sort of
like a Pokemon Go type of thing where you can walk around in the real world and find
treasure troves of BCH and stuff like a geocaching kind of app.
And that's been in the works for a long time.
But I don't know how much focus is currently on it.
But I even saw some news I think about it recently.
So is that project maybe going to be getting closer to a public release or what's the latest
update there?
Yeah, actually, we're going to push some updates in the next few days about it.
We've done a lot of the enhancements on the converting the tokenization because it started
as an SLP focused project.
I mean, we were using SLP for that tokens.
So we converted the contracts and all the logic related to it to use cash tokens.
And it's a lot simpler now and a lot more streamlined.
And we were able to, along with many developments in Paytaka, we were able to add interesting
features.
One thing is we're now able to lock a portion of the collected BCH to the merchant vault
in the POS.
It's like a voucher that you can only claim in merchants, in brick and mortar merchants.
And so what you have is people like you and me who are supporters, we will rain Bitcoin
cash on GU tag locations.
And then people will use the Purely Peer app to collect all this, like the Pokemon Go game
where people physically run around and collect game items.
In this case, it's going to be what we call cash drops.
These are amounts of BCH that are dispersed in different locations.
And we're able to tag this or couple this with the local merchant adoption so that those
who collect the BCH will not just send it to Binance and exchange it for dollars, so
that it will be locked into the growing network of merchants that we have been working on
in Paytaka.
That's one exciting part.
And Eric has some ideas about the games we can build on top of it.
Yeah.
It's been a long way in development since 2021, and we are excited to roll it out in
the next, I don't know, very soon.
Very soon.
Damn, that sounds so hype.
And that's actually a fucking amazing innovation if we can do the cash drops onto people and
then they can't just set like they're forced almost in a sense.
It's free money, so it's great.
But on the other hand, they can't just cash it out immediately and they need to go and
actually experience using it.
So it's got that flexibility where I guess you can probably set it so they can use it
at any of your merchants, but they do have to use it at the merchants.
They can't just use it wherever else.
Damn, that's amazing.
That's really showing like the payoff of just sticking with these projects for long periods
of time and just the upgrades starting to snowball onto each other with cash tokens
and the tooling and the wallets and everything.
This is stuff that no other cryptocurrency has, anything like that.
They don't have the merchant network.
They don't have tokens that would be blocked into that or a way to distribute them.
Damn, this is so hype.
I'm loving it.
Yeah.
And I think that the ideas that can come out of that, the sort of gamification that can
be turned into real world.
And this is something that really interests me is the alternate reality games where you
are playing in the real world, like Pokemon.
They did a good bit of this, but it's where you're going.
You're using your phone and an app to go and do geocaching, to go and do treasure hunts
and use your NFTs to unlock treasure troves and with more clues and stuff like this.
The possibilities are almost endless.
And I see that the gamification and the fun aspect of crypto usage is almost certainly
an important stepping stone towards that desired goal of making Bitcoin cash this world wide
used currency.
Yeah, it's amazing.
So on the upgrade, I think, yeah, I'm really glad to see that lock in.
Obviously we've had some back and forth.
The big insting came a little bit late in the process and whatever.
But overall, I think this is a great surge in momentum.
It's really just a case of building year after year.
To me, it even feels like basically yesterday that everyone was excited that we were locking
in cash tokens and cash tokens going live.
I remember the stream we did about that with the logo for cash tokens.
And that just seems like yesterday.
But then since then, we've carried on with DUNABLA.
Now the BM limit is blocking in.
And before you know it, that'll be just another thing that's just in the roadmap.
And it just creates the right environment.
You can't predict all what it will lead to.
You just know that by reducing the friction and reducing the friction and making things
more powerful for builders, eventually, here, there, and everywhere, people just start making
stuff and it just starts to kick off.
I've recently seen, I can't talk about it, but another project that's been in the works
for a while that I'm really excited for.
And the impact on all the projects that we don't know are happening or aren't going to
come up is just massive.
So I'm thrilled.
Very exciting.
It's really exciting times.
It's a great time to be in Bitcoin Cash.
And again, thank you to Jomar for being here, for talking about what you're doing, about
your thoughts on the next upgrade.
And I'm really looking forward to seeing everything that comes out of Team Petaca because so far
the results have been spectacular.
So for everyone listening, please give Jomar a follow.
You can find them on x.com under Jomar underscore Tagana.
And go and if you haven't already, download the Petaca wallet right now and check out
Cash Token Studio.
Have some fun, create some tokens, create some NFTs today or at the weekend and give
it a try.
Which comes on, leads me on just to the next topic, Fiendish and Friends.
And this is really important that we've seen the work that's being done here with the token
creation.
Petaca's tools are game changing for BCH.
It makes everything so user friendly and smooth.
And the Fiendish tokens and emeralds were created using Petaca's wallet, Cash Token
Studio and linking them together using the magic of Wallet Connect, which is really seamless
how it all works together.
And I can't recommend enough to go and check that out and start building.
And a little bit about Fiendish and Friends.
Many of you know who I am, many, many maybe not.
So I want to talk about who we are, what we're about, what the vision is and the mission
and everything you need to know about Fiendish tokens and emeralds.
Many of you, as I said, will already know me.
So I'm Fiendish and I have been an active BCH proponent since 2021.
I am the founder of Bitcoin Cash Hangout, our cash tokens, BCH Marketplace, host and
speaker of conferences, BCH SYNC Kits and BCH Bliss, Bliss respectively.
Team Fiendish has a deep and passionate love for permissionless digital P2P cash as a tool
that protects us and helps secure a free and bright future for us all.
And the Fiendish team are dedicated to promoting and expanding the Bitcoin Cash ecosystem and
its day to day usage through a variety of initiatives.
And Fiendish and Friends is designed to be a weekly podcast or expasis with themes and
topics around P2P cash, current affairs that are related to this mission designed to be
entertaining for a whole new generation of BCHs, which I'm pretty sure, Jomar, with all
the work you've been doing, this is also going to be ushering in those new people, the fresh
blood into the ecosystem.
Fiendish and Friends is planned to run every Friday, so every week, alternating between
1 o'clock Central European time and 8 o'clock, of course, in the afternoons, not in the middle
of the morning.
To ensure, and this ensures that both East and West are united and both get access to
the Fiendish community and the mission.
As many of you are aware, there are two tokens that have been generated for Fiendish and
Friends and I want to talk just quickly about that.
There is the Fiendish Emerald.
The Fiendish love everything that is green.
Hopefully you do too.
With Emerald being their favourite gemstone of choice, there are 1 trillion Emeralds out
there and these are to be used for fun, games, competition, adventures, frolics and Jomar,
when you bring out the map and we've got some we can use, if there's geocaching, we're going
to have lots of fun there.
And then there's the Fiendish token and this represents the most valuable commodity of
all.
So, here's the question, if you were offered 21 million BCH but would die tomorrow, would
you accept?
Probably not.
And that's time.
Time is more valuable than even BCH and greatly so.
And the Fiendish token represents time.
So not only will Fiendish tokens be used for social games and treasure hunts and being
able to buy exclusive Fiendish goodies such as the Fiendish and Friends number one limited
NFT, which only five will ever exist, this ensures it has a floor price of the value
of my time.
And yes, that does mean you can cash them in for my time as well as for BCH, the BCH
equivalent on Cauldron Dex.
So not only does this offer an incentive to help stabilise the price and helps prevent
the token dropping below a certain value, it can create a positive feedback loop of
the Fiendish and Friends ecosystem and BCH promoting activities.
The more value Fiendish and Friends can generate for the ecosystem, the more demand is driven
incentivising every stakeholder to help make Fiendish and Friends a success, leading to
a growth in the Bitcoin Cash community and ecosystem and then working to make that dream
of a world where there's wide adoption of BCH become a reality.
And so for those that are in the competition, this explains why there will be 125,000 planned
burn of unissued Fiendish tokens every year, because with each year that passes, there
is one year less time to achieve the Fiendish dream.
So reach out directly if you wish to buy any of these tokens and join in or head over to
Cauldron Dex where you can buy and sell Fiendish tokens today.
Big disclaimer, like with any mean coins, with any NFTs, my God, do not invest any money
into anything that you're not willing to lose, because the point of mean coins, the point
of all these tokens is to have some fun with.
If you want to use them as an investment tool, this is down to you.
But as in any of that system, it's risky and not to be advised.
And even the Cauldron Dex advises not to put any money on there that you wouldn't be willing
to lose because it is still considered alpha.
But please put some money in a little bit, have some fun and treat it as part of an eco-growing
exercise where we can work together to make Bitcoin Cash a success.
Hopefully that's clear for everyone.
Yeah.
So I was just reflecting on that.
So you've issued these tokens, the Fiendish token, and that's directly pegged against
your time.
Like, is it always the case that I can cash in 60 of those to get a minute of consultation
from you?
That's what an interesting idea.
It's an hour.
One token is relative to one minute, and yes, you can cash those in and you can get my time.
Now, of course, there's no contract in this.
It's a trust-based thing.
And if you want me to strip naked and smear peanut butter over myself and run through
the streets, I will probably decline.
But yes, you can cash those in and you can receive my time and effort.
And it also means I don't want to be working for...
There's a limit to my time.
I have very little of it.
It's very precious to me and spending time with my family.
So I have no incentive of that token value going lower than what I value my time.
So that's the interesting aspect of this.
And to give a big warning out there or a sort of a clause into this, I have only created
my first token this week.
This is all an exciting experiment.
And I will be learning while doing just like I hope everyone here is also doing the same
as we get used to these tools and understand their limitations and also what they can
offer us.
The great thing about the Fiendish token as well is it will offer a direct feedback mechanism
to how well Team Fiendish is performing.
So our guest speakers will receive a token gesture of one Fiendish token, meaning a total...
So Jeremy, you're certainly getting one.
Joe-Mart might...
Let's go.
So this means that we're giving out two tokens plus also there is a competition winner of
guessing what the Fiendish token represents.
And this was once, this is another 10 tokens that will be given out.
And the shout out here to Architect for winning this one, which is really wonderful because
the winner was in the cash tokens telegram group.
And it was a bit of a sort of...
They was working together with separate people to come to guess what the Fiendish token represents.
And the winner actually decided to share the winnings with three other people.
Jeremy was one of those people.
And this is what I love about the Bitcoin Cash community.
This sort of camaraderie and friendliness is something you wouldn't see in many places
in the world, let alone in the crypto space.
And it speaks very highly of the kind of people that we're building a wonderful ecosystem
with.
So there's 12 tokens that have been given out or will be given out today.
And all that we ask at Team Fiendish is the feedback is for the next Fiendish and Friends
to happen next Friday at eight o'clock Central European Time, just one Fiendish token needs
to be sent to the Fiendish wallet.
Just one that is representative of roughly about one euro needs to be sent.
And if you haven't got any...
I'm not accepting Bitcoin Cash.
Just send me that one token because the spirit is to go and figure out how to buy it, figure
out how to generate maybe your own mean coins and to send this to generate some more transactions
and interest around this ecosystem.
And this one minute will then give an entire hour of Fiendish goodness, which will hopefully
show us a good value for someone, at least one person out there that can agree with this.
So my token address has been shared on Twitter.
Lastly, just a final thing.
And then I want to come to the Mean Token Competition.
There are five Fiendish and Friends NFTs available to commemorate the first ever Fiendish and
Friends episode.
And this is where we can see the benefit of the Fiendish token.
So the price of one NFT, and you can go on the Twitter to see how that looks like, is
0.05 BCH.
And here's the best part, it only costs five Fiendish tokens, which is currently valued
at roughly 0.016 BCH.
So if you want to see the advantage of the token, go and use that.
You could just send BCH, that's fine.
But if you go and put in that little bit of extra effort to figure out this wonderful
ecosystem, you get a pretty decent reduction there and get to hold something to commemorate
this wonderful day.
And on that note, talking about tokens, the mean coins, I'd like to pass it on to Jeremy
from Bitcoin Cash Podcast to talk about the current BCH meme competition that he and Luke
Pryor are running, Meme Master.
Yes, so we're running a meme coins competition.
If you go on my Twitter profile right now, there's a link to a Google document with all
rules and all everything that's in there.
So you can see that you can win.
I think we've got two BCHs total in prizes right now, but there's also extra, Mini Satoshi
has pledged an extra half a BCH.
So I think we've got two and a half BCHs up for grabs, which you could get literally just
by spending 10 minutes and making a meme coin.
Although the competition is now starting to heat up, in earnest, we've already had a couple
people make account, make meme coins, but then they started building an ecosystem as
well too.
So there's been the Smile token, which has created a Twitter account.
They started creating some pipe.
I don't know if Fiendish is going to be entering with his Fiendish tokens, but this is some
innovation that I've actually never seen before in terms of pegging a token to your own time.
What a fascinating concept.
So that's the launch of Fiendish and Friends as well.
This whole project is very impressive so far.
Yeah, and this is the interesting thing.
So it's a little bit of a thing there.
So people would think like, Jeremy's right.
It's very low effort to create a meme coin.
You can use ChatGPT or other AI tools to generate images that look pretty good.
There's no doubt that.
And it's all very quick.
But then the time that's actually required to build that out is quite considerable.
So just a little note there, and this is just about the tooling.
So I did a promotion to everyone gets 1,000 Fiendish emeralds that retweets likes the
Fiendish and Friends post to try and generate a bit more hype around this episode and get
more people to come here.
The problem is, I think there's about 300 or 400 people that have done this.
I can't do that.
I was there for about two hours messaging people, giving them all the Fiendish.
And I want to give every single person some Fiendish emeralds.
But this is a real challenge.
This is quite a time commitment.
So yeah, just be aware of that.
When you want to get involved, if you really want to try and flesh something out, it's
a lot of fun.
You can have a wicked time, but it's a time investment.
Yeah.
And I think that's what we wanted to encourage in the ecosystem, right?
On one hand, crypto has this bipolar element where on one hand, a lot of money and a lot
of traction, a lot of excitement comes from meme coins, from people creating things that
are just fun.
It gives people an opportunity to try crypto in a low stress, kind of approachable way.
It adds users to decentralized exchanges like Holdren and to wallets.
And then that helps to drive the tooling.
So then people build things like cash token studio and all that is super, super important.
But then also at the same time, obviously, some people just launch it.
They try and dump as much of it as they can.
And then they just leave it and they never look at it again, right?
So crypto users and the Bitcoin Cash community needs to be very aware of this dynamic, I
think.
They need to be trying to use the positive aspects of this whole frenzy over meme coins,
in our case, with cash tokens to build kind of cool and exciting things.
But at the same time, being very aware that you're not really promised everything at the
end of the day.
And certainly, there will be some people who will come in and basically just try and run
a scan.
So it's actually kind of an educational opportunity, I think, for the community to get better about
realizing what meme coins have actually created value and which serious participants in the
ecosystem will actually go out of there.
Like you have, for instance, been to have a long track record in the community, your
first time running Twitter spaces.
And if you say that you're going to accept 60 finish tokens for an hour of your time,
I completely believe that.
But somebody else might come in and do the same thing.
I think it's just nobody has ever heard of who hasn't been on the podcast years ago.
And so then people need to get better at that.
Yeah, I hope they do too.
But they're going to have to earn that credibility to make it worth anyone's time to invest,
right?
Yeah, exactly.
And that's what needs to happen.
But I really hope people take that idea and grow on it.
If you can think of a better idea that builds on that, please do.
Because it's like everyone here that's speaking, of course, we're all so excited by the destination
token.
And so anything that sort of encourages the usage around Bitcoin Cash, even if it's fun
and games, whatever it is, and if it's mean coins, then that's great.
And I think what I would love to see with coins is linking them as much as possible
to some kind of a utility, some kind of a function, whether it's fewer coins that you
can be using for placing wages or whether it's the finish token that you can be using
against someone's time or as a marker of how that ecosystem is growing.
Or you've got the Finnish Emerald and there's a reminder for everyone out there, there's
a trillion of them, right?
There's a trillion.
And I'm the one that's holding the purse.
So just be, of course, just think about that.
When using these coins, is it fun?
And if you've got some ideas that can have some utility, then it can attract you to invest
more of your time into that token to increase its value because you're increasing some utility,
some actual benefit that someone can experience through using that.
That will all help Bitcoin Cash's success.
And it will be a lot of fun.
This thing is the most important thing, right?
It's going to be a lot of fun doing so.
So I really hope that we get lots of people entering that competition.
And yeah, I'm still thinking about whether to enter it and what to do with that money,
if it was to be won, because for me that BCH, I really see it as a nice, something to invest
into the community.
So I wouldn't want to detract from the chance of anyone else winning because there's still
what, two weeks?
Two weeks left.
And I'd love to see as many people as possible enter so that we can start seeing some interesting
fruitful ideas.
You know, I hope this creates a trend for other people to follow.
Like I really like the idea that you are tying up this token to your time and to you basically.
This would be a good idea for some celebrities out there who can probably tie up the token
with their time or their talent or whatever they can offer, hope on or not.
I think it's a good pattern and I hope somebody invests time to like create some offering
on what they can do with any amount of token that other people buy.
Yeah, it's a good idea.
What I love about this idea, I think there was a tennis player that was in the Bitcoin
Cash community, but unfortunately I think she left.
She also had something similar where you could invest into her.
And what I love is the idea of if you think of people as businesses, the idea that you
invest into someone and so you get to help them achieve success, but the success also
helps you with your finance, being paid like a share or something.
There's the idea behind that, it's like really going with the extreme capitalist ideas.
All of a sudden, if you've got people investing into you to succeed, then you've got an even
bigger reason to succeed because you put in the money, you get more investments and then
you can achieve greater things.
And having a token that's linked or having something that's linked to your performance,
I like this idea, if it can be done correctly, to incentivize people to do their best because
I do believe that every human on this planet has the ability to do amazing things, but
unfortunately most of us don't because there's TV and there's work and there's whatever.
So I think there's some interesting concepts there to be explored.
And I would just see this as another very small step towards something that will be
game changing on Bitcoin Cash.
Yeah, it's a fascinating concept.
I'm really, well, firstly, I'm going to say right now, I'm going to go and pick up a couple
hundred of these FAMD tokens, I haven't even called them yet.
But then buy them directly because I also learned about DEX, like the liquidity, I didn't
want the price to be fluctuating so much.
I wanted it to be quite stable.
Why would you want it to be stable?
No, you don't want it to be stable.
You need to listen on that.
No, it's not completely stable.
It was just going crazy.
It was like doubling, and it's like, okay.
But yeah, I mean, you buy what you want, but you know, yeah.
No, this is good because this is such a fascinating idea because you've now created a token that
created an open market of the value of your time for consulting, right?
So whatever supply you put on the DEX, people can then speculate on and then as more people
want some of that time, the price of your consulting goes up.
But if you get in early, then you can just, you know, I don't need an hour of your time
today, but maybe, you know, I want to have a couple of hours in the bank for if I have
a big project, I want to get you involved in in the future.
Definitely I want to get some of that.
I think you want it to be volatile.
As the price goes up, then you're essentially being rewarded for becoming a more valuable
consultant.
And you can, as long as you're not over, you know, reducing the supply too much, you can
release new supply, which gets you paid, which then means you can do more in the ecosystem.
It's amazing.
Yes.
And this is exactly, but this is exactly the conundrum that I'm working out is the right
balance is making sure because what I want is people to use those tokens.
And so if there's too much supply, I don't know when they will use them and how they'll
use them.
And then they could negatively impact the price to a point where it drops, you know,
it could be crash.
And this is this is finding, you know, the economics behind it to ensure that that floor
price is is sort of there.
But but yeah, I like your thinking.
I think that it's absolutely correct.
And is the thing I want to I would rather do it slowly just to ensure basically try
and get the ecosystem going and making sure that, yeah, that nothing crazy happens because
I want people to get real value out of this, have a farm of this and to get access to my
consulting, my abilities within the space and also what I can bring to the table from
my day to day life, which is probably slightly more as well.
I mean, I'm really tempted to do I'm really tempted to do this as well now, because then
if I do it as well and you do it as well, too, well, now we have a fluctuating market,
you know, between the between the two and you could have the different consultants could
all be there.
And so like with my tokens, it could be a certain amount is one one minute of my time
per token.
But if you get 100 or 1000 tokens, maybe you can just buy a slot on the BTA podcast.
But it would have to be like a very high amount because I don't just want to be putting on
any shillings for ads or whatever.
The point would be if you were serious enough about it and you pump the price, which pumps
the value of my time, making it worthwhile for me to access this opportunity, then you
can have that as well, too.
What a concept.
That's great.
I'd love to see this.
And, you know, I really think the more more people that enter these sort of ideas, the
more we can test them out, grow on them, make it better.
And it always inspires right every time we see someone doing something, it inspires us
to just to do that one percent better than them to have that edge.
And that's how we move the whole thing forward.
And so, yeah, really looking forward to seeing that, Jeremy, then we can start swapping tokens
spending time with you.
That's right.
Exactly.
I'm making two more tokens now.
Yes, here we go.
We're going to have to talk to Cauldron.
We're going to have to get them a new category.
They could put up there could be BCH ecosystem, you know, consulting time.
And you can just go on there and buy whatever the contacts you need.
It's brilliant.
And also, but yeah, do you think because it's linked, it's not just linked to the time,
the time is the thing that should be the base, but it's linked, you know, that you can get
the more the more things that improve that ecosystem they are in such as the whole Bitcoin
Cash podcast, the more valuable that scene, as you say, with promotion or anything like
that, the more the more value that the Bitcoin Cash has, the more value that token will tend
to have, you know, just as pure logical perspective, which then incentivize you to do even more
for growing your ecosystem, which is all leads to more benefits to Bitcoin Cash.
Like this is for me, I see it as a win win. And I'm looking forward to seeing that put
into fruition.
That is a fascinating concept.
So the idea will be, I mean, I haven't checked what you've written up about it, but I guess
the idea is if I am buying an hour of your time with 60 fiendish tokens that I've got,
however I've got them, then I then I essentially need to send them to you.
But you would then burn them, right?
Because then that's gone.
So it's not like, you know, the supply has to be dropping in accordance with your available
time as well.
So that's right.
Exactly.
You got it.
Yeah, I love it.
I love it.
Okay.
I'm going to have to think about this.
This is a great concept, I think.
And I already love the idea on Cauldron or on token and you can see a list of like the
top because we actually considered doing this.
It's funny how these ideas recirculate.
You know, we considered almost doing this like a year ago or something like that.
And there was a point where we were going to make all the little BTC influences into
meme coins with cash tokens and then people could acquire them if they got them to respond
on Twitter or something like that.
We're finding some way to tokenize creating engagement with them and then also just to
get their attention because they'd be like, what is this?
But it's much better if we do it for ourselves.
Never mind, they're on their shitty technology.
I love this idea of the BCH community.
Like you said, as the BCH community grows, the people who are already in it, who are
already on that leaderboard will then have their values go up because they'll be the
ones who are already first onto that infrastructure.
So it's amazing.
Exactly.
There we go.
So yeah, head on over to Cauldron and find soon the Bitcoin Cash podcasts token.
You can also go on there and be wary, guys.
There are two tokens, just so you're aware.
It's the fiendish token, a fiendish token with the little and it shows on their fiendish
through the words.
That is the token that is linked to my time.
That is the token that is fundamentally linked to the ecosystem of fiendish and friends.
And that's the one that you will want to buy, Jeremy.
The other token, the Emerald token with the Bitcoin sort of coin, the imaginary Emerald
Bitcoin Cash coin.
This will be linked into fun and games and all things that we can do.
But it's not, you know, you can't cash it in for my time.
Sorry, there's a trillion of them and I don't have a trillion minutes.
I don't think that would be reasonable.
So yeah, I'm really looking forward to seeing what you do there, Jeremy.
And I'm really happy to hear that you're inspired by the idea because that already means that
the time that I spent into it was worth it.
And I really mean that.
Yeah, brilliant.
Love it.
Great.
All right.
So, Jomar, thanks again for your time.
It's been wonderful to have you here.
And I'm sure we'll be in contact over the coming days and weeks because I'm very interested
in everything that your team are doing and what you're building.
Jeremy, it's great to hear from you and thank you again for your meme coin competition.
I think this is a great way of getting people interested into creating memes, meme coins
and learning the ecosystem.
So please start doing that if you haven't already and join in the fun.
The time that was coming to end of Phoenix and Friends, the idea is to have just an hour,
it's every week one hour.
So it's tighter, so it's more interesting, more informative.
And for people that are outside of the network, it's not too long winded so they can just
get their small dose of, okay, what's going on in this amazing community.
Thanks again to everyone who's spoken of the shame that Jason wasn't here.
But man, whatever.
I love you.
Thank you for all your work with the development of Bitcoin Cash.
One last thing before we wrap up.
I've got an announcement will be coming out probably in about four or five hours.
So everyone can look out for that exciting BCH announcement.
Oh, we announced here, but four or five hours, you'll be able to see the full thing.
All right.
Oh, exciting.
Okay, listen to that.
It's hot off the press.
So a reminder, if you enjoyed the show and want to show your appreciation, please feel
free to drop me a Fiendish token.
My cash token address will be on my, or is actually already on my ex profile.
And you could also pick up one of the five Fiendish and Friends NFTs available.
So there'll only be five and you can pay for that with the Fiendish token for that discount.
But one Fiendish token is all that's required and I'll see you next week.
Don't forget to follow Jeremy, to follow Jomar, to follow basically anyone you can in Bitcoin
Cash Basis, help each other rise in this system.
And if you want to keep up to date with the latest Bitcoin Cash news, that's pretty important.
This was Fiendish and Friends and I wish you all a very good morning, a good day and good
night.
Take care.
Bye.
others, bye my friends.