i've just been saying. for brokers. in your little stores going to bring to. your store in 17. i haven't invested in any yet myself i should try to currencies are playing an increasingly important role in the economy companies like tesla accept a bad call as payment even some fund managers recommend investing in digital assets but how do they work what are their implications for everyday life cryptocurrency

other worth the ride our topic today and made welcome. it was one of the hottest i.p.o.'s of the year driven by the cryptocurrency bull market call in bass made a huge splash on wall street with many industry hopes pinned on the u.s. as biggest digital currency trading platform and bitcoin the world's most popular crypto currency seems unstoppable it's just reclaimed the $50000.00 mark recouping some of its losses following washington's plan to raise capital gains taxes for wealthy investors now i was a tiny said back but then they'd call and bounced back again ah cryptic currencies indestructible or just a fun gamble for those with money to burn mr schmidt to went to find out. i believe in because in and i hope it will become the most important currency in the ruled nothing is more real than. ok we warrant being entirely serious there

but belief and trust do play a role in this client's viability let's consider the process of cons. i think the coin is revolutionary so there is no fear of inflation because there is a limit only $21000000.00 people ins are allowed to be mined and people have a transparent process the whole time ended safe and secure and it's cool i think. well my bitcoin is still sort of your chill for me it doesn't have any i'm barely you basically it's all fair show and if you think it's like bubble yes admittedly in the 1st years after its launch in 2000 its value increased only gradually and its image was back think about how many bitcoins transactions were used for illegal for example drugs where all of the criminals use bitcoin but in the

world something is changing countries like germany do force because it uses to verify themselves before they enter the big called world so it's not that anonymous as it used to be over the next few years confidence grew as bitcoin's technology proved stable and the price even hit $900.00 euro's crash was just around the corner at some point in price to cryptocurrency bitcoin stolen several $1000000.00 lawrence worth was last year it's also not related but think about it if someone would steal your money take a look at my own crouse coins were already a stolen in the post where is the guarantee that it will happen to your beat clients actually the infrastructure of has never been hacked so it's safe and we're talking about 12 years and some big guns have been stolen i agree but the reason is those people do not care to have it in

a safe place interest must prove the books that after a few celebrities support the venture. rep i can hear west and think of force brothers. and it was the big question. first. bitcoin isn't good for everyday purchases let's listen to my ex-pres. then if that ever happens it's still decades away heiko rome runs a crypto currency consulting firm has been following bitcoin for years. obviously there's the volatility of good coin to consider which discourages people from spending it. and there's always the question why should i spend money today when it may be worth more tomorrow it is time to get some help and some support it's going pretty well already. many just fund worth billions and he advises investing in

bitcoin. i suspect that acceptance will grow in the next few years partly driven by greed because the prices are clearly going up and up that's when people say now i want in on this but also because it's simply becoming socially acceptable there was a months long period where the price of it going soared due to investors discovering its potential as a financial investment. in terms of bitcoin i'm very much in a speculative realm i see it as more of a security than a currency. but the high demand for beat corn has also led to massive energy consumption to keep the system going just look at the server in china. one bitcoin transaction releases as much to you and to as $100000.00 credit card payments. let's think about climate change and you said here are eco friendly but if you think about how much

an artist consumptive to produce to keep the whole system of bitcoin alive it can be compared with the whole country oh you mean ok that's maybe your argument most of the energy that is needed for the corn world is consumed in china are about 65 percent and they are shutting down companies. that work with coal power and they would like to have more companies using hydro power and would its value continue to rise because midpoint is limited in quantity there's a certain cap on the number of bitcoins that can ever be produced but the demand for bitcoin hasn't been met there are a lot of people who have not even invested in it yet it's likely big corn prices will continue to rise significantly over the next few years as more people become familiar with because. so now have i been able to convince my colleague of

merits. not recognized by so many countries i think. it's more. more clear what it's about to speak and it 1st and it's more. than it's more. in terms of criminal. the problem was the climate change. then i went. but. i believe. we do not have to believe in the old common currency our parents did it so we have a new. super cool currency this. was what. i guess the last word in trip to currencies

has yet to be spoken but in the meantime you can try your luck by investing in them bitcoin if area near all they can all be loaded on to your smartphone in exchange for local currency and you can use them to buy many things online there are thousands of such digital currency switch makes it hard to see the wood for the trees so it is a look at how they actually work. 100 . now almost anything.

takes just 10 minutes. international bank. accounts and 25 year 150. banks and. that's why i could.

want. so what can you buy with that perhaps a piece of art forget about buying a traditional painting or sculpture something that you can perhaps. on the wall or display in your garden come on it is so yesterday in today's online world to investing in artists also ditcher till welcome to the world of and if tees that's long fungible tokens which are also stored via a block chains and of course you can use cryptic currencies to buy them now is this

the future of the world or just a passing fad if you decide. that's the mona lisa seen in the movie for perhaps the most famous painting in the world worth around $700000000.00 . and this is a mona lisa of the digital art won't attend a 2nd clip sold for 6600000 that anyone can watch for free online the cap mean you've seen before downloaded millions of times sold for $600000.00 this image sold a 0.5 about $650.00 at the time just a short time later it was worth another $1000.00 i think that's the song well welcome to the world of end of cheese digital on twitter cryptocurrency. and to the oh well even christie's has now joined the game for seeing the 1st of the n.f.c. up for auction. but hold on why would anyone pay that some friend can mean that

they can share and download for free or discount or is this the future of the world and it sounds good on fungible to go in on fungible when something is known fungible it means it's not easily interchangeable because it's unique or scales take a dollar and if you have a $1.00 know if you don't mind trading it was someone else's $1.00 but i don't think makes no difference. the mona lisa on the other hand is the make. a piece of digital off his fungible it's not unique almost guess because it can be downloaded and copied infinitely. but when you create an f.t.p. for it a process called tonight single minting it becomes just the trace of the authentic and unique. how to put it simply and if you contains a specific set of data because there's information stored on the token about to be created the content for how much it was sold and the owner is that way the token represents a certificate of ownership. came technology ensures that all that info is unchangeable

and for. pray for so long they digital objects may still be all over the internet blindly and if you buy the city if it had to ownership for it. based things. energy market right now it's it's really nice terra think a lot of people who are buying. other. really early may have a lot of they don't want to cash about. just the way. i do think that the energy market in general has a lot more and. are so grating. the market may be small but in the digital art world something and if t.v.'s are revolutionary to allowing digital artists to authenticate their work easily and in a foolproof way for the 1st time and all scientists a teeny little when he announced the actual artwork itself even the physical

painting isn't necessarily where it was held so you may have the most valuable out work in the world who are out being able to offend skates it. can potentially have a value of 0 or some collectors may value it but generally speaking you're not going to be able to get it into a or to house likes of a b.s. or something like that the technology also allows artists to collect a percentage of their revenue every time that art but this is an old that's not the case in the traditional markets and they can sell there are more direct. any artist with a computer and photoshop and a dream can get on and start making money from their often start benefiting from it and it really doesn't power the individual and empower the masses to get involved with the art world in a way that has never really been done before when it comes to the n.f.t. market as a whole and many involved in what she gets a good question they want of the potential for a lot of the markets and the high environmental costs of benedictines because

they're now that creation and transactions consume a lot. amounts of energy. some predict the sky high some current pay for certain items already waiting to. receive people understand the concept of earning their true assets i think we'll just see this grow as a generation of people coming generation is going to grow up and they're going to be much more interested in buying something this digital than they are buying something physical entities are still pretty me a collective but they could become a global trend again why do i feel as an investor. and i'm moving on to perhaps more pressing issues what could a covert 900 test have to do with crypto currency or the verification off a vaccination certificate quite a lot actually there.