change given he supported by all traditional parties and in his hometown emitter, call for unity hygienist. yet as again, there are people who want to divide the country. people who continue solving hatred while they continue spreading hate, we insist on spreading love. and while they talk about burning candidates, just as they burn buildings and judges in the past, we talk about building. we are going to move columbia forward together. that the wild card in the race is 77 year old populist interpreter, an anti corruption crusader road foot. man. this is recent rise in the poles as surprised many opening up what had largely been a 2 horse race a fitness based on believes it's rachel. lucy will be inevitable. oh boy. oh that unless you imagine our right when next sunday, he will probably face. thank you. run off on jim 9, braille. then after the next week, i'll get the searching for a change or remain. natalie, dividing by it's kind of a list of the ceo, gotta,

ah, elegant adrian for the game here in doha, the headlines allowed to sera china as well. the us not to underestimate its resolve on taiwan. that's up to you as president joe biden said that he'd intervene militarily, if china trying to invade taiwan beijing with gods taiwan as a breakaway territory, iran's president is vying to avenge the killing of a senior revolution regards officer and tech rond. done that on to motorcycle. shocked at colonel hassan's side hot, i. e. in his car outside his home, the attackers are still at lodge russian soldiers, a clearing mines, a b as of style still works out of the surrender of ukrainian troops. they will hold up for weeks in the industrial area, making a last stand against washing forces suit captured the rest of mario poll. flood water is receiving a ne, in bangladesh, but rescue workers are still struggling to reach stranded people. days of heavy

rain, of course, the worst flooding at billy 2 decades, at least $57.00 people have died. others the headlights that he's continues here on al jazeera after the stream coming up next. ah, not to walk this out with the know that on it, this is i don't need to be with him on your team years. and also to mention it, if you don't have you streaming with at the home, and a lot of will gonna give you what he said to what the hell that the put up with me, all the de la multiplicity,

yet obama, a with shooting a lot of veto fillasy in the kind of film festival is back in full swing with big names and blockbusters served up to remind us that the cinemark spirit is back on the menu. organizers have rolled out the red carpet for ukraine. i'm with russian officials banned from attending solidarity with ukraine is top of the agenda. live coverage on al jazeera with plans. i me okay. walk into the stream. in the past few months,

almost half the global market of digital currencies has been a white out. so what is next for crypto investors? so on today's show whether you are a new novice and you don't know anything about crypto currencies. oh if you are crying in the corner because your coin base wallet is empty, the show is for you. on the comments section, join us on youtube, put your comments or questions there, and i team of experts will be ready and waiting to help you out. let's meet them and say hello to dad to nick t edwards. i have good to have you all here gentlemen. dan, please introduce yourself. tell us your connection to crypto currencies. go ahead. sure, and thanks for having me today, sammy, i'm dan roberts, on the editor in chief of decrypt. we are a daily crypto news site, but we also seek to demystify and explain the space. so our daily news coverage is as important to us as our explanatory content that we have learned section where we kind of hold your hand and explain these technical concepts. and i've been covering

crypto since 2011, so pretty early really adding. hello there, nate. nice to have you on board. these introduce yourself to an audience. tell them what is your connection to crypto card says. so i am a researcher at the international computer science institute and berkeley and have also been a lecturer at u. c. berkeley. um, and i've been following the crypto currency space professionally since 2012, 2013. and i'm one of the few skeptics who do, cuz i have a business model that i look at the space can extract the comedy gold and turn it into academic papers because there's a lot having to do with online crime and other things of research interest. i and so i've been, let's face it are scarred by exposure to this intellectual virus. oh, thank you for sharing. yes. counselor. that's more on that in just the way with edward. i welcome back to the stream. lovely to have you beaten one out. what is it way back? well, connection is to crypto comment. sees he? well, what he day?

yes, and actually it almost predates, you know, you family, i actually am early hobbler 1st got into by bitcoin in april 23rd team was assassinated by my personal scars from the great recession and how banks got us got free currently for bitcoin. so i'm scarred myself, but personally i run a online game company called sit in the draft and we're using an in game token, cooper currency called cd 3 d. i love it happens that this is a conversation that is about money about digital currencies. understanding what is happening, but also about people when people have lost money. i want to bring in zane verjee. here. she runs the chief china was evie and asked to this is what she told me a few hours earlier. this is my 1st crypto crash that i'm enduring and there's pain. let me just say that there may have been some tears,

but it was pretty tough i. i expected a bear market, but i did not expect this. and as i reflect on it, i think this really was kind of a black swan type of a crash. you had a stable coin, u. s. t. that just took such a severe historic nose dive, put the entire market into catastrophe. bitcoin crashed. the old coins crashed. the n f t market went down and it was just a really tough space to be. and on top of that war in ukraine, you've got the inflation interest rates. all of these things combined leads to what i've learned is actually a term in the crypto space and all the web 3 space, which is fund fear, uncertainty, and doubt. so i have a lot of find that i'll just wondering if you got a bit of a thought going on right now. will know. usually it's funny. usually people scream fired who are pro crypto people. they say fight in response to any negative news.

and at the crypt we cover all of it, we cover the good, the bad and the ugly. you know, we're kind of neutral, chain neutral coin neutral. i'm glad that zane brought up u. s t. because the top level thing i'd want to bring to understand about the last 2 weeks is that yes, there was this brutal, severe market crash. it was everything in the crypto market, but u. s. t, which is this decentralized algorithmic stable coin. and of course the joe govern make now is look like it was very stable. u. s. t, the stable coin had its own mega crash, basically went almost to 0. that was almost a sub story within the larger crash. so what happened to u. s t isn't necessarily what happened to everything else. it's not the same as what happened to bitcoin. so it's nuanced the blood beth of the last 2 weeks when they were quiet. i think the blood bath is just beginning. so yes, he is actually a good space to drop in on how the market is. so the stock market goes up and down all the time, but it's a positive sum game. so i put my money in

a mutual fund or an index fund. i sit on it for a decade, plus and going into that is dividends and share buybacks. and so the value for me, when i sell it is not just what some other person paid, but the dividends going it. this only works on the long term. and so like robin hood a, don't get me started on them. the crypto currency space starts with provably 0 sum for every dollar earned in crypto currency. it came at the expense of another investor. and there are 2 things like this that we can say in the real world, the horse track and ponzi schemes. and when the systems collapse, they grind slowly down and then collapse very suddenly. so the same thing can very well happen to all the crypto currencies, starting with bitcoin because there is no value in bitcoin. other than what some other succor will pay for an elderly simple conti ski. well,

let me jump in here real quick because that brings us to the whole cost of value. this is the so i have a cycle blackston bitcoin dot com. i establish it in january 2014 because it is your face like mine out there. and i just want to make sure that everyone knew that there's no barrier to entry to this whole space. lot of confusion, lot of misunderstanding how the fund, if you would, about the space and mile thing is i asked them what, what have you to find valued value? honestly is what someone is willing to exchange in order to get something back from the person. that's it. so you could say these will green paper bills that we call money actually has no value currency by, you know, by the definition of the king or the government. it doesn't mean anything. i think for the 1st time, you know, in honestly in history we have a globally, the centralized currency that actually has market determined value because it's what everyone says it will be there's no, there's a set finite amount that comes at every but so often. and is the hardest money out there because you can't printed at will like we did. that's got our inflation up like 8 percent and you can't and bend it either. so if your sample get going,

i'm think what every weight coin bitcoin on a global basis can only process $3.00 to $7.00 transactions per 2nd. and i know you're going to say lightning, which is a alternate. so, you know, thought popping in it only allow 63 to 7 new users. a 2nd. you can po, we've goods with big climb. maybe not right now, but you could a few months ago. no, it's a $20000.00 track trip to produce on squint market cap. there's a lot of payment solutions, especially on, on a theory on which is very popular one because in a to you know and get me started that nonsense. but that, but there are faster, quicker, and it honestly even more that ecological positive coins are out there that you can use in livestock shane show for valley. eye to gentlemen. this is very exciting, but i, i want to bring it down to people again, if i me done, let me show you a couple of things i seen already recently in the past couple of weeks on my laptop,

my ex colleague attempted suicide. my friend, an ex colleague, my manager, 15 years trying to commit to like this morning. he basically moved all of his savings to crypt, telling 21. i knew it was a massive play in his portfolio. all right, that's, that's one person story. i mean, move on here. for those of you considering suicide, hey, it's my stove attempted suicide. if you're panicking, he said national help line numbers. this is because of the crypto crash. i lost over 450000 usd. i cannot pay the bank, i will lose my home soon. i'll become homeless. suicide is the only way out. the me, dad, these are real people will stories. why? yes and, and very, i mean, terrible. you know, people, people lost their shirts in his crash. yes. and i remember 3 years ago we saw a similar story about a, a user on robin hood who didn't quite understand how worked and thought he was, you know, 750000 or 1000000 in the hall because of the display. and what i would say to that

is, you know what i've been saying since 2011, and maybe i'm a perfect guessed year to counter these 2 guys. i think i'm somewhere right in the center. you know, i'm not heavily invested in crypto. i just think that the tech in the industry are fascinating and are here to say, i think it's a real thing. that's all. what i would say is, i've always been telling people no one should be out there putting their life savings into crypto. i mean, like any other high risk volatile asset and by the way, bitcoin 13 years is not that new anymore. but in the big scheme of things, still something that's a very new asset class. no one should be putting their life savings into this stuff . and like anything else, and by the way, the same goes for stocks, even though you s equities are so much more mainstream entrusted, you should only put in what you can afford to lose. and so, you know, anyone who lost order one from you don't think it's horrible, but it's not a reminder. it's not when you say that again, i am loudly and slowly. this is good for own investors. wherever you are saying one more time that go ahead that you should only put in where you can afford to lose that you should always do your homework and research and not invest in something

you don't understand. and that no one can say with certainty, what's gonna happen to the price of these assets next. i mean, bitcoin is now back around 30000 in a week. it could be down to $20000.00. it could be back up to 50. it is a volatile asset. i so i'm very sad here in those stories, but i also think, boy, someone who put all their life savings into a very new stable coin that only existed for the last 2 years. well, that was a very poor decision. and honestly, and dan, dan really does state that went to maintenance. we tell anyone who comes through our community, i'm admin on a almost 20000 person community on facebook, called black people in crypto currency. and we always tell them one, do you, why are do your own research? and then to only invest what you can afford to lose because he's right, it is relatively new. but going back to the actual long term value of crypto currency, it's just a big coin, which is the major domo, you know, 4050 percent of all the crunches out there. it is probably the best performing asset class in history. i bought my 1st big coin at $88.00 in april of 2013. that's

in between. now's worth over. $30000.00 really, really reached out on i think it's very goes to talk about just wanting to remind violations, but that, you know, hopefully me off the stream. i can. yeah, i'm going to push on just a little bit. i'm at stable coin is, is something i keep hearing you talk about. i said, mcclain means that is connected to some form of money at nick. i'm willing to think how you would define stable klein, go ahead. i would define it as a casino chip. so the trading of crypto currencies is gambling because there's net losers, no net winners, law, it's a fun gambling but eat, you need some way of having chips for the casino. and so the stable coins are the chips in the casino. now there's 2 classes of stable coins. the 1st one you have are the backed asset ones like a heather is the biggest one. and these are basically recapitulating

a 19th century bank it there what we'd call a wild cat bank and committing a whole bunch of crimes, but they're getting away with that. the other is these algorithmic stable coins, where the idea is, let's back crypto currency with crypto currency. so it's literally making a perpetual motion machine which works fine until it doesn't. and so like why terra and luna collapse so much is tara was the stable coin that was offering 20 percent yield on investment as 8 stable asset and basically created a ponzi scheme. whether those behind terra were deliberately doing a ponzi scheme, we're just happened to have created one. we don't know. okay, i got to go in and very yes. yes. yes, yes, you is ad here because there is something just on the very basic missing. and that definition thinks that what is the actual purpose of stable coins? why would people, the crypto industry say, is the purpose of their purposes,

they're supposed to be in terror. you know, it didn't work, but pegged to the dollar so their value should remain stable consistent at $1.00. and in the case of it's heather u. s. d c, the centralized, stable coins accompany is behind the stable coin that is saying it has that amount in cash reserves. so that is the purpose is that you find so up into an outage enable glendale because it's connected to that door. let that yet a date. let me just bring in a new voice here into the conversation. i got it. i'm going to share this thought with you about it because i came, is a nigerian who has founded his own quick toes currency. and he looks remarkably calm. this is what he told us a few hours ago. we shouldn't be surprised about what we just witnessed. most, especially when we talk about the factors that things added to the lives and the geopolitical system in the world. we live in today when we look out that russian cromwell dios, i think it is around the backlash. alyssa, from the west,

the sanctions to embargo the buck and fall, and also were a little coffee inflation rates. the rising flesh on it's post creek. and so the, this mound perspective, these are some of the factors. awesome. last the crypt chrisy, downtime with just witness said what it, one of the changes for landscape of crypto policy that i seen as more people of color, more women involved in critique how it see what else is changed in the manslow that you've seen in the past. that right, that's a great question. i think mostly, if been of way institutional change, institutional mother, he's got involved which is really changed the reactions to, to come to a currencies, ups and downs because honestly, i can say he was that's what surprised with the crypt crash. i was surprised either because we now have pretty good data over the last 3 or 4 having cycles. and that's

basically when the coin becomes more scarce. and so, unless it's being made. so then through a whole bunch, a 2nd order effects where the miners are acting differently, the marks are acting differently and you can almost predict, but every 4 years to be a bear market or slow down a crypto winter, if you will. so i think because we have more data, it's a little more predictable. so in the bare mom came along oust semi prepared for as expect me it. and also because was institutional money more involved any time wall street has a bad day. now crypto has a bad day and especially tech stocks. my dad with al here, people saying band, the stock market because netflix lost 10 percent of the value. i mean, but people say that about crypto, and i think that's erroneous because crypto is tied. cosigner tech sauce in tech stocks and had a beating this month. i says gentlemen, i have so many questions and thoughts and comments for you. i'm gonna get entity this as a speed round. i'm gonna for coming out. you come back when move on to the next one . all right, dan, this is michael g ring. biggest scan ever done. oh boy,

crypto in general. you know, the jury's out on exactly what the use cases will be, but i think after all, this time that you can't dismiss this entire industry as a scam, or i guess you believe that j. p. morgan apollo, global and all the other major publicly traded institutions and brands that have gotten in have all fallen sucker to the same overall fraud. but i think there's so many cases we are going to do hate and show the value. so ever more they're participating. so a 16 c has turned securities fraud into a venture capital business. ephram is watching right now. efram says i'm gonna get this one to you, nick, that the market will always bounce back. the crypto market will bounce back. it will recover. nick, i don't think so because being a naturally assembled ponzi scheme, you have to get new suckers going in and a previous markets were grossly manipulated. so the mount galks was the, the willie bought the 20172018 was tether about

a 3rd. this one was tether in amazing amounts and so i don't, austria ever recover omega. so why did it bounce back as your 2018 is what i'd asked neck. and if, if at all there are no, you've seen either more suckers come along either who are 9 different, we ship them all. i don't think it is. i think one is a pro fee. everything's front run, an algorithmic computers are front reading every day trader. so where's i mean, show me that show me when i did the centralized fine and they said they have to worry about running. my mother lost half her pension 20 years atc because walter cowboys, 2008, decided wallet budget, bad debt and pushed off on the american people. no, don't tell me today that it, a distributed system doesn't make a better crypto currency came from the pot was birth from the protest. that was the global financial markets because no was looking out for, for the little guy. and this was something of the central,

i don't think came from the ponzi scheme that was from wall street. they went over say, based on the way that wooster upright. no, it was really reaction reaction. yeah, i don't, i let me get this last one to you. that and this is the last one of the, the speech around. and he says, why is everyone say quick to say crypto, its worthless when stock the going down just this files if not foster about it. thank you and it just in that kind of circles back the point i interjected with where basically everything on wall versus red flash boys by michael lewis and see how everything's front run in the market. and he, to your see, you see is i mean seconds if not minutes old. i'm out. i'm not deal with stocks where because told pods were as lisa crypto, because the decentralized nature of the block chain, you can see every transaction that's ever happened even if you don't know who has it. here's a transparency, they're the aussies gonna revolutionize our society and everything's going to be put on a blocking requires trusted a 3rd party except that if you actually look at it, you have the trusted parties all over the place. you just don't acknowledge it. and the a theory and miners are more abusive than the most stock market would ever imagine

. 10 percent of their fee revenue is from front running people. and fanny, i think one thing we should make sure the audience understands. we talk about crypto as this huge umbrella term, and people use that word to include everything in this industry. but there are many different things going on. i mean, we're talking about the crash so, so far we've been talking surely about crypto as an investment. you buy the coins or tokens and you hope the number will go up. but there's a lot more going on in this industry. i mean, when we talk about was 3, we're talking about apple watching to power them on the back end up. ok. well, yeah, yeah. well, what 3 are you i think i would say this, i would say this one thing that we tell people that we're looking to invest in stuff is look at the utility. what is a token actually do case a point, cd 3 d. we actually have a game we're working on that people actually user token to play the game. that's util, the right there. stuff like she beam. it was a joke, coin dodge coin,

which is a joke, coin, i would recommend it. i'm not invest in that, but there's a lot of utility that's out there in crypto space and it's not just all the rise and fall because so one of the things that happens when there is a big crash or a major file, it's fail. it people, as we need to look at regulation, we have to have that conversation today. i'm going to start though with david gerard. he sent us this thought about regulation and quit test cognitive. let's have anything we a person to invest the protections, the things regular is really worry about. is the crypt currency market, contaminating the real economy where people live. and that would be a bad idea cuz crypto is completely unregulated marketing practice. crypto has been trying to get into those, trying to get in to pension funds, trying to get investment banks to take on crypto liabilities and so on. the u. s. government is aware of this and very much against it, and that's good. they need to act sooner rather than later.

oh, i got a us smiling. daniel eyeballs are being raised shadow istation. everybody's thought, well, no, i mean he saw a mistake and because by didn't just what few months ago gave an executive order about how he wants to study and, and come up with like a stable coin system because he knows it's the future. you can't fight progress, we don't use smoke signals anymore. we don't use telegrams, your phones are fiber, we're move this is, this is like the next industrial revolution is, is the block chain i that and by the way, more regulation is certainly coming to the space. i want people to understand it is possible both to think that crypto is here to stay in as a real thing and will continue. and also that it will be regulated, you know, don't assume that everyone who has pro crypto is anti regulation. those are kind of just the very energy, libertarian types. we've been around since 2000. i know many people look at the crypto industry and they agree, it needs regulation, and there will be regulation. but regulation is not the same as shutting it down

completely. that is not with you are trying to do. no, i don't want it. well later on i saw you know, your critique of the how digital can i say market? well, regulation is, is it because he's just not regulating that upset 8th on not. what upsets me is that 8. the regulations exist. they get start being enforced. every i c o on the planet is literally a unlicensed registered secured, unregistered 2nd batch route. ah, how he b u. s. that walks like a duck and quacks like a duck and lays orange trees. it's a duck. ah, the, the regulations just work in forced. ah, the overall space is i agree with david gerard that if it's just isolated so that it does not contaminate the normal economy. this will resolve on itself.

because there is so much friction from like mining and the bezel and everything else that will make it go away, but it won't go away. when it goes away, we want to make sure it doesn't do additional societal dam. i knew it how he test is from 1946. the limit says i'm using to determine whether it is a sham regina gentlemen can that. oh, and as for why one might weigh in the novel, many of us shall we ask the very beginning, what is next for crypto invest as in a sentence at wanda nick down at want our innocent and what's next. graduation is coming. but as i see in daniel's newsletter every day, i'm a subscriber i, there's blog, great actors in there like write me on the ad. ah, the market can stay irrational, longer than you can stay solvent. but in the end, it's going to be a slow grind and then a catastrophic failure. and i'll have my popcorn machine warmed up for, oh, ah,

and an was an x because they messed us. i think, i think as there will be a, there will be a shaking out where the week get separate from the chaff. many tokens for sure will fail and go away as things that haven't actually utility and use case will continue . okay. ah, goodness may we need so much more time. we got so many questions on the team for you gentlemen. i have to get you all back together, but for now, thank you, dan and nick and add water for your comments and questions on youtube. thanks very much, i think next time how to make me get ah, that light emitted from history kept alive only in the family tails of those who survived is had to believe for people who didn't cindy. the astonishing story of

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