oh, i oh hello again, i'm the phones you handle with the headlines here on out. rivera, us president joe biden has let a ceremony in the state of oklahoma to mark this is henry of the tulsa race masika . 300 black residents were killed by white lobes in 19215, and promised support for black businesses, but made no mention of reparation. do are so low favors by pretending none of this ever happened. or doesn't impact us today because it does still impact us today. we can't just choose to learn what we want to know. and not only should

the good, the bad, everything. that's a great nations do. they come to terms with their dark sides. and we're a great nation. the only way to build a common ground isn't truly repair and to rebuild. i come here to help fill the silence because in silence wounds deepened. more than 90 percent of people in, if you're, if you have an organ t gray region are in need of emergency food. dave, that's the warning from the wild food program. thousands have been killed and 2000000. others displaced since fighting began in november. europe's talk to these agencies urging lead us to think about supplying vaccines to poor nations before and collecting young people in their own countries. that's as many countries

struggle to get enough vaccine supplies. the african union has suspended molly's membership in response to the military crew. then it also threatens sanction of a civilian that government isn't reinstated. on monday, west africa need a suspended molly from their regional block echo. molly's interim president and prime minister were detained by the military last week, after cabinet re shuffle left out to soldiers from the position the european union envoy for the palestinian territory, his calling for international support and rebuilding garza after last month's 11 day bombardment by israel. 253 palestinians were killed. the leader of western horace, paula, sorry, front has left spain after the spanish high court turned down a request for him to be taken into custody. for him, golly is accused of war crimes including genocide. well, those are the headlines and now it's back to cryptography a stay with us live

for i know i know you want to find out what any of this has to do with this new crypto p. revolutionary internet will get their promise. but 1st, we need to go from bit coins, original block chain to hundreds of block chains, back in 2011. when charlie was a google engineer, he wanted to foster and lighter version of photoshop's crypto currency. and was one of the 1st to experiment with the open source software. the actual quoting terms of the code differences between the clan, my quote was actually pretty trivial. and what does that mean in time? like i would say like, $44.00 or 5 hours. light claim was one of the 1st alternative trip to currencies or all points. some of the early adopters, like charlie made fortunes. soon there were hundreds of coins made by cryptographers, copy cats and con men. as a coin for bloggers,

a currency for online gamers, one was anonymity and even one for bangs. but can this invention or lease something even more powerful than digital currencies? back in 2014, i met the kid who knew how to do it. i live, it's alex varnerin, co founder of bic, when magazine, founder of a theory, and just general quint crypto currency advocate. just 19 years old vitale was on a mission to make money programmable. he build a separate block chain called the theory, him its own currency called either comparison. might they be quiz like a spreadsheet and is here him is like a spreadsheet with macros. using analogy theory and allow you to store crypto currency and computer code in the same secure box. here's how a smart contract might work in price. let's say i bet charlie that a light coin will be worth $200.00 on january 1st of next year. we each put an ether into a box along with a small contract,

a simple program that automatically checks the price of light coins on that future date. if i'm right, the money goes to me. if i'm wrong, it said to charlie as smart contractors neither smart nor contract. it's a dumb program. and it, once you understand the all it is, is a program that clarifies a lot of stuff and the word contract there is in the meaning of finance. most financial arrangements are pretty simple and clear. cut a bet with charlie. your home loan and insurance policy. just 2 parties and some form of exchange of value based on a set of rules called a contract. the same is true for global financial markets. think bonds futures derivatives, credit default swaps. they're all just contracts, and the world economy runs on them using middle men who all charge high fees. proponents say that if we used smart contracts, we could tell the bankers lawyers escrow agents and wall street finance guys to

take a hike. no, so we're, we're doing is we're saying we have this a theorem network inside the network. there's this asset called ether, and we're actually going to be selling ether. we're going to be selling either at a rate of $1000.00 to 2000 either for one bit going. and that's how we're going to raise all money. it worked vitale figured out a way to fund the future and project and it made his investors very rich. this new model for fundraising soon had a name, an initial coin offering or i c o. i b as an i c o sound similar, but they have nothing similar. the only thing similar about them is they help you raise money. i fios, you don't do until you have a company until you have revenue and you have users and you actually prove to the public investors. and this is a valuable company that's worth investing and it's worth buying their stock. i seos, it's pre product. you have maybe a couple of people on the team, it's just a white paper. and so people are just buying into trust interface that this is

something that will exist. the goal here is like, ultimately i like to say 8 year olds building. there are financial systems. yeah, but what if some of these a deals are also scam us? so let's say i'm trying to do it. i feel. and i curtis my contract where i create a 1000000 coins. and one of the transactions is that if you send me $100.00, i will send you that many worth of coin. it was a man gold rush, the people realized, wow if, if i could just pull up pull together project in a white paper, i can raise money like a lot of money. one project race $150000000.00 in 3 hours. and another one collected 35000000 in under 30 seconds. some people hawking new coins didn't actually exist. this handsome chap is the graphic designer of a bulgarian. i feel, actually they just posted a photo of ryan bossing. another project raised millions in etha and then vanished,

leaving investors with this website looked close. that's nice. i would say about 2 to 5 percent of the 1000 devices that are happening are actually legit. and the rest is pretty gammy or it's not gonna work. can you define for me what a coin is? i think it's just a derogatory term. people use on coins that they don't like for eco maximus. people who own the care about the client. everything else is claim sure. there are tons of useless projects that will never work, but maybe i was a bit too hot on i. c o. democratizing start of finance can be a good thing. we've also many legit companies raising capital. over the years i've met many founders who have real offices with real people trying to solve real problems. but to bit point maximum list of a block chains,

i fios i e o s t o smart contract on the theorem. that's all just a waste of time. there is no, that's wrong, st. drown in health care industry and the all of them all the coffee is what you're saying is a maximum of this point of view. you are speaking about from a perspective of, of a cult. oh, my problem is that you hijacking a movement of a technology that is far greater and has far more potential than just these individuals. there's all of these different things that you can use, blocking for, right? and so people have almost like different ecosystems. and then when you see it's almost like in a pollution or a process right where to block chains, fork, and they have the same as histories, but they adopt to different environments. and we tedious like ever increasing level of diversity, a number of blog chains here that there's like one block chain going to be one

block and it's going to be fit for everything. it is almost like, disregarding the nature of evolution. meanwhile, the big corporations happen starting crypto currency and they think that bit cons underlying database is where the magic is. the more on the boardrooms, the block chain, not bitcoin back in germany, my friend oliver keeps tabs on the men in suits. he used to be one of them. i left the name and diesel up to me taking off his bus besides by the court, and ask alon by being the get this on a b m. w is looking at using the block chain for the future fleet of electric cars to interact with public transport. lufthansa wants to see if a block chain can better track parts and maintenance, and dodge telecom, using smart contracts to negotiate terrace for roaming costs. with other telecoms, if we can store traits, certificates, and shipping documents on the block chain,

you can check to see where those organic condos really came from. for grew them for pack them and ship them. you might wonder what's the point of a block chain if it's controlled by a company? well, i compare it to the open internet versus company owned internet. they both exist. meanwhile, facebook announced the crypto currency for the 2000000000 users. such a system might be more efficient than a public doc chain for this. a downside. some governments banded within weeks. right now the way it is a paper that's being shifted around that doesn't make any sense that infrastructure needs to be or why occupying wall street when we can build a new one on the block chain instead in the future of the centralized finance stock certificate. corporate bonds, insurance policies, property, deets, mortgages, all can be turned into crypto tokens and may tradable 247

what's much more exciting than tokenize security, the creation of businesses where it's just equity that you perhaps around is totally novel digital securities that you couldn't do before right, novel use case where you could kick back flash on a continual basis. i think some examples of this that we're seeing our maker down finance, which is finance point that's actually much bigger of an opportunity because it represents something totally new. my name is dr. jim grain and i am a co founder and chairman of powell ledger and we use the blood chain to enable electricity trading energy asset financing and carbon market. this award winning australian company wants to take us to a common free economy, foster. gemma has identified a problem building often nearing the tentative and it means that if there is solar panels, the apartment isn't really incentivized to putting out

a little battery. cuz the benefit by using the tenant will pay the bill to the body corporate using power ledger. the 10 and paste the owner, not the power company for the electricity. as the tenant isn't at home. the unused energy will be sold to a neighbor, lowering their power bill and making a profit for the owner. it actually create the mechanism to justify investing the capital in the 1st by this clever system could also speed up investment in sustainable energy projects by making it real easy to own a piece of a solar or a wind farm. why do i need a block chain for this condo invest in a solar farm? without this new fancy tech? the block chain acts as a kind of an income register. any tokenize in the asset? it becomes tractable on an exchange, or 2 or 3 solar panels of a 1000 solar bomb. and you would say the income associated with that amount of, you know, bankers don't very much like being cut out of the cash flow loop. so they took

another look at mister commodus curious little white paper, and they've recently been spending a $1000000000.00 a year in block chain research on a photoshoot anti bank invention is now being used by the banks to move money faster and buy big business to track supply chain ah, ah. crypto currencies digital tokens, public doc chains, private block chains. where is the killer app? well, adoption of new technology often follows old trends. my name is mark francesca, i'm here at oxford, oxford on the faculty. i'm academic sociologists, by training, interested in how large scale infrastructure changes. so great to see you after 9 years. i know mark teaches a class on innovation and system building. he tells me what must align for new

technology to become fruitful. all technology start out as interesting ideas. some of them begin to develop into innovation, and we know that that are from invention to innovation, takes all the time and takes a lot of work. some of those innovations eventually become commercially viable. but can this technology ever become as pervasive as the internet? i came to the computer history museum in the heart of silicon valley to find out. so you're looking at the console for sage, which was probably the 1st computer network. there were $23.00 centers around north america to warn against soviet bombers and they were waiting for world war 3. the us military and some american universities asked this guy to create a new kind of network to connect their separate networks. this young girl got up and she had a bunch of questions, but the 1st one was how did i managed to convince all the governments of the world

to let us build the internet? and i said, well, except for the handful of us that we're actually working on the internet, nobody else really thought it was very good idea. and so you think it was going to lead anywhere and, you know, we pretty much had free running room. yes. that's the man who corned vender, tcp ip p, about 50 years ago. that's the original academic paper. you can think of tcp as the backbone of the internet. but back then there were many competing technologies. there was a very big battle over the protocols. tcp ip didn't just win by default it was through attrition by basically being better, simpler, easier to deploy than all of the cannibal and more scalable. and it had a lot of competition from phone companies. and then there's email email, or that's really mean email was to have internet 1st killer. then in the early ninety's, tim berners lee introduce the world wide web as a 20 page proposal. soon, there were browsers that made it more accessible and user friendly for the general

public. i think that the internet is going to be one of the major forces for reducing the role of government. and the one thing that's missing, but that will soon be developed is a reliable cash still few understood the potential of this new tech from people that thought it would. the world's greatest library to. some of the early cypher punks who are the direct fathers of crypto and certainly bach chain type ideas who thought much of today that it would create kind of a commons that was outside of the direct control of normal laws and governments and the media. they didn't quite know what to make of this new thing either. but sure enough, they found juicy stories about the dark side of it, which was the internet is full of criminals and p to files and pornography offers. and it's too dangerous to use your credit card on it. it's full of scams within the

exact same story. now, we envision technology as if it were autonomy, as if it were simply outside of human and social experience. what we see are technologies that become shaped by commercial interests, by a political and regulatory infrastructure by actors who are acting for many reasons, right. what do you want to remember, bob? the big telecoms wanted his thoughts on a little idea that were kicking around. or they had a meeting where they were trying to figure out how they could buy the internet. they couldn't kill it. well, why not own it? i got half out myself by an executive at a large information company. it was probably in 1990. if they could buy the internet and i remember asking them, well, why don't you buy the world economy? and you can have everything, once you buy the weather. and you can control that. it took a few decades and hype cycles, but the wild internet was eventually domesticated, coughed it by trillion dollar companies,

and then from the mentally transformed how we shop work and communicate speaker's corner in london's hyde park for 150 years. this has been a safe place to stand on a soapbox to sell your ideas, preach the gospel, bad mouth the king, or promote communism. today with the world wide web, we can stand on giant digital so boxes using facebook, twitter, youtube, we can share ideas or thought a fight with anyone on the planet. oh, wow. well, almost any one of $65.00 country study china has the least free internet worse than iran. cuba or syria. police force of more than 2000000 cyber cops and the worst most sophisticated, artificial intelligence system keep china's web content clean and uses incheck. so

sorry to break it to you, but there is no longer world wide web. welcome to the internet. to be fair. some of the censorship is to prevent terrorist recruitment or to stop violent moths from hurting people. but i think government control over the internet has gone just a little too far. hold on fatah, she turned money into code coldest letters and numbers, which is speech rights or money now is speech, which is a pretty powerful idea if you think about it. but if bitcoin is this, an uncontrollable uncensored technology can, the block chain also enabled global free speech. in some places it already does. one chinese student tried to report a sexual assault and was silenced by her college. but she knew that she could attach a message into the metadata and the theory transaction. so she spent $0.15, and now her letter outlining her story. and the threat she received is on the public syrian block chain, where it will remain unchangeable for ever. the early crypto pioneers wanted to

democratize money. finance. 2 point. oh if you will. but now the believe us in the block chains have their eyes on a bigger price. they want to decentralize everything. wet 3 point. oh, you can, for instance, offer file storage in a way that an amazon does or that you could offer search, you know, the way google does, but do it in a peer to peer fashion. without this behemoths at the center extracting runs and do it in a way where all the people that are users or they can benefit. and they really could some day compete with, if not even take down some of the big tech giants like the facebook and google's in the amazon that we know that's a tall, tall order. it is, it is. but i mean, who would have thought at the beginning of the internet that would appear when beat out and card? it's too early to tell where the projects like these can succeed. but i do like the idea of digital property rights. wouldn't it be nice if companies paid us encrypt

currency when they use our data? and if we control who has access to it instead of our digital overland? because let's be honest. do we really trust google, microsoft and facebook? with a block chain? we don't need to rely on middleman anymore. it's a trust las system. meanwhile, if you room is building the future of decentralized finance with thousands of applications, but the network is also struggling to keep up with demand. oh, and new competitors on the rise. so guys like you will build a better future, we can trust you guys better than the bank because you don't have to trust us. that's the beauty. we're building a trust list, the centralized system that gives power to people travel. it sounds like there's no trust, but actually it means we don't need to trust you. i think the better word should be trust to free. about one 3rd or maybe half of the cost of the transactions are paid to establish trust between trading parties. like we're paying for lawyers,

we're paying auditors who are paying even please even regulators government to, to build trust, ensure everything will be enforced. so cost is quite a better blockade is the 1st time that we saw some technology that can eliminate the cost or reduce the cost of trying to dramatically magical things that will happen. trust may be expensive, but it's also short supply all around the globe. people have been losing faith in the media institutions and governments, this technology with a big brains and big egos behind it could fix one of society's biggest issue. but just how different are they from our current political, financial, and business leaders? are there systems really resistant to corruption immune to manipulation and worthy of our trust? maybe that's why the best bet is on the only project without a figurehead. bitcoin doesn't care about human drama, bad press,

or what anyone thinks? yes, sure. it hasn't succeeded as a global currency yet, but in the past decade it has been the world's best performing financial asset. so we're back to where we started. the genius who vanished where she being gone from the coin, they coined it's really a very decentralize on networking currency. he was intelligent enough to know that a system without a father was going to be much more robust than a system with a father. no father, maybe, but without leaving a will, the kids are now fighting over the meaning of his invention. and the inheritance projecting their fears and their fantasy onto his legacy. for some it's money for the internet. let can replace middleman and bank the and banked and maybe a tool for lisa trade. or is it digital gold? a totally new assets?

a bit against the bankers and insurance against inflation, protection from corrupt politicians and a weapon against the state. maybe the end of money as we know it. for some entropy nurse, it represents a shortcut to fund their dreams, a platform for federal finance, which is why and come and fight it. some say public block chains or just slow and useless databases, while big business is busy building private block chains to boost efficiency. or maybe this decentralized technology is a new protocol layer for the internet. upon which we can build a better web to dethrone the tech giant, reclaim free speech, protect online identities and facilitate free trade in a borderless, digital economy. and yes, maybe even save the planet. less a never ending list of crypt. hope you an idea is isn't this a bit too much to ask of a 9 page document?

yes, you are the internet and the web started out as white papers too. but it took a decade off before the infrastructure was built, became user friendly and ready to scale globally. we kind of domesticate the wild potential of technologies into what familiar. and we dramatically underestimate or under imagine what that technology may eventually do. it will be, the users may be billions of them who will adopt this technology without even knowing what a block chain is or how it works. because here's the thing. the average users don't care about the wires that moves them money quicker. don't know about the software that moves this movie or that picture. what will move them a services that will make the days a little brighter, their choice, a little lighter and their lives a little richer?

ah, ah. ah. worked out their existence, it's lord, shit. as a principal presenter and as a correspondence with any breaking the story you want to hear from those people who would normally not heard on the international news channels. one moment i'll be very proud of. when we covered the napoleon wake of 2015, a terrible natural disaster. and the story that needed to be told from the hall of the affected area to be there to tell the people story was very important at the time. the hello there, we've got

a slow moving storm system rolling across the southern states of the u. s. this was the scene in western texas. we had hail, torrential, rain and destructive wind. and there is going to be more of that. we could also see one or 2 tornadoes affecting parts of louisiana, our console, mississippi and as well as tennessee and that storm system moving its way up towards the northeast. ahead of that, things are looking dwyer and fine for new york, washington d. c. but the wet weather is on its way as we go into thursday, not the different story along the west coast. we've got some extreme heat coming in . we've had fire warnings in oregon and california where that heat is intensifying and building. we could see some records sit here over the next few days, particularly for arizona. if we haven't look at the 3 day for phoenix, we're going to have the temperature sitting at about 40 degrees. so a lot of heat on the way wildfire warnings and the heat will just continue to build . this is similar story across northern parts of mexico,

a few storms kicking in around monterey, that's from the backend of that storm system from the us. but things are looking relatively fine and dry in the you could 10 peninsula. the $29.00 in can coon the a phase can get a story without uttering a single word. and knowing a symbol times informa, the young conventionality of life. witness through the lens of the human eye. it's more than biased witness documentary on out is there are june $96076.00 days that redrew the map of the middle east record. a victory of the early army in that war was the greatest custody of the

history of his 50 years later, i'll just expose the events leading to the war and its consequences, which had still felt today. but we tried everything we went to the united nations. we tried mediation contacts, 3 different countries, and it was clear all this was to know the rule in june. ah, joe biden becomes the 1st sitting president to visit tulsa to remember the massive black american 100 years ago. i come here to fill the silence because his silence wounds deepened. ah, hello there, i'm this hey and this is out of their life and also coming up the united nation.