into creating the right mechanism to harness the wisdom of crowds to find the wisdom of the world. to bring the right answer to the patients while suppressing the bad answers. stossel: and the crowd is usually wiser on any one expert. studies have been done on that. but you have these people on the site with these myriad symptoms are they helped? >> our average patient has been sick for eight years and incurred $50,000 in medical expenses. despite the difficulty in these cases, more than 60% of the time our crowd brings them closer to a correct diagnosis or a cure. neil: and you started this because your little sister had trouble with this. >> my little sister spent three years with a difficult, chronic undiagnosed medical condition. she saw almost two dozen different doctors. my family and our insurance company

incurred six figure medical bills. no one could figure it out. i wanted to create a website to help patient is like her. my sister had been diagnosed finally. although it take way too much time and physicians. we wanted to see maybe if a crowd of people could have come up with her cure much quicker. stossel: she needed a harmony hormone patch. >> the treatment was very simple. hoarhormone replacement therapy. she was back to normal. neil: you put. stossel: you got the same answer on your site? >> we put her case on our site giving the community the exact information that her doctors had before she was diagnosed. the community came up with the correct answer in just a few days. it showed us, there's

something to this whole crowd sourced medicine. stossel: how does it work? you have community of medical detectives. >> two-thirds of our detectives work in or study medicine. these are commonly doctors, medical school students nurses. we want a diverse community to get lots of different perspectives. acupuncturists cairo chiropractors. >> we have dixie she lists her medical history. tests she's had done. the results. the medications she uses. diagnoses that have been excluded like lyme disease. >> the average case gets 16 case solvers to collaborate on it. high success rate. stossel: eric has severe motion

sickness. checklisty haschristie has dry everything. what if if they get bad diagnoses? >> well, the way we see it, first of all we make clear that we are not in the practice of medicine. our job is to provide a short list of the most probable diagnostic and solution suggestions for the patient to suggest with their doctor. it's up for the doctor to determine the diagnosis and treatment plan. the way i view, worst-case scenario, the patient is no better off than where they started. best-case scenario, our crowd and community provides insight that could lead to their cure. stossel: some people offer rewards to their detectives. >> we have detectives who have won several thousands of dollars. not quite a livable wage in the u.s. their primary motivation is not cash. by the way the average active detective spends nine to ten hours solving cases on our

site. essentially it's a volunteer. >> that's per month. and we asked them. they mention cash like fifth or sixth on their list. the main things they mentioned are the intellectual problems to solve the complicated medical mysteries. stossel: hard to believe this would work. thank you, jared. next, what will happen when politicians destroy our trust in our money? these ally bank ira cds really do sound like a sure thing but i'm a bit skeptical of sure things. why's that? look what daddy's got... ahhhhhhhhhh!!!!! growth you can count on from the bank where no branches equals great rates. no super-slow-motion footage of trucks splashing through the mud. no cowboy hats, horses or hay bales. just a ram 3500 that head to head

can out-tow ford's f-350 by more than one and a half tons. get more facts at ramtrucks.com.

so ally bank really has no hidden fees on savings accounts? that's right. it's just that i'm worried about you know "hidden things..." ok, why's that? no hidden fees from the bank where no branches equals great rates. stossel: if you look at the money in your pocket, you'll see it says "in god we trust." but right below that is a picture of the white house. apparently, god is not in charge of preserving the dollar of value of the dollar. politicians are. i don't know about you but i don't trust them. they have destroyed currencies in country

after country. the value in russian fell nearly 50%. people who saved all their life just lost half their money. given the way our politicians spend, i worry that will happen here. so how can i protect myself? here's one way. bitcoin is the first decentralized currency. it's kept in your digital wallet on your computer or mobile device. it's transferred from person to person via the net without going through a bank or clearinghouse. stossel: presumably they'll hold their value. we won't go into that today. but i trust the algorithm more than i trust american politicians and so far my trust has been well-placed. i bought my bitcoins when they sold for 120 bucks. now they're worth more than twice that. though, you can see there was a big bubble in between. i wish i sold my bitcoins when they were worth $1,000. anyway bitcoins like

most new things scares politicians. some are upset because americans use bitcoins to buy illegal things. >> heroin, cannabis. >> senator chuck wants bitcoins restricted. >> you name it, they have it. codeine. black tar heroin. they're all listed. >> oh, my goodness, we must stop that. governments must ban bitcoins says ej who wrote this article about how bitcoins are used by international criminals. naomi of the bitcoin center says don't blame bitcoin for what criminals do. you want bitcoin regulated so few of us will use them. >> we don't want to get rid of it. we want it to abide by the same things that cash has to.

to. stossel: so you have to tell the government. >> if i show up with $5,000 in cash, they'll have to fill out paperwork filling out who i am and asking a few questions. stossel: what's wrong with that. >> it's interesting he brings up criminals. it's the us federal treasury. the medium exchange of choice, cash for criminals. we actually see these industries are still succeeding in transferring money. i would like to know why ej -- stossel: most cash money is not even in america. hundred dollar bills are overseas. >> hundred dollar bills. the treasury printed $1.2 trillion in cash. most of that is in 100-dollar bills. i don't understand why he's going off the mom and pop down the street, bitcoin which is a fraction of that amount. >> we worry it's cash on steroids. most of them are done in cash. they're small scale. hard to move large

amounts of cash overseas. very difficult to put in a bank account. very difficult to pay people a lot of zeros. >> it's just bad law enforcement to go after the medium of exchange. go after the criminals. find a good way to go after the criminals not something innocent people are using as well. >> silk road did allegedly a million dollars -- stossel: they're out of business. >> they were shut down in an old school sting operation. stossel: why blame bitcoin? people did business on the internet. why not blame the internet. >> bitcoin allowed people to wire large amounts of money -- the people wiring the money to know who they are doing business with. stossel: i don't want the government to know everything i'm spending money on. >> we're worrying about people that are oppressed.

every single authoritarian regime in the country they're trying to steal money from their citizens and hide it abroad. bitcoin represents a way they can do it in a much greater volume with much greater none anonymous than before. you go go to nigeria corrupt politicians laugh at our politicians how little money they're able to steal. people in nigeria are becoming multi millionaires off of just theft. >> you want transparency. what better way to get transparency than for the government to use bitcoin. it's an open ledger system. you can see where your tax dollars with are going. you can see the incredible waste. (?) it's actually accurate. stossel: we're out of time. ej and naomi. coming up, stores that trust people to pay for what you buy.

they have no cashier. don't they get ripped off? thanks. ♪ ♪ [ male announcer ] fedex® has solutions to able global commerce that can help your company grow steadily and quickly. great job. (mandarin) ♪ ♪ cut it out. >>see you tomorrow. ♪ ♪

stossel: some people cheat. some steal. that's why stores have cashiers near an exit to

make sure you don't sneak out without paying. but what if there were no one there to check? this coffee shop in north dakota has no one behind the counter. >> the thing that's amazing is that people have been extremely honest. when i add how much has been taken and how much is in the till, at the end of the day, people are 15% more generous than thieving. stossel: more people overpay than underpay. of course, that's north dakota. here's a california business that trusts its customers. swanson berry farm sells jams with no cashiers. jim who runs that farm stand says they don't rip them off. the customers don't? >> no. it's amazing. it's really quite a phenomenon. we do thousands of dollars' worth of business every day. it's quite amazing to see people experience it

for the first time. stossel: at first you did this because you were busy. there weren't that many customers. you couldn't afford to have a cashier there all the time but now you have all these customers. you're leaving change available in the open 50 to $100. and people are honest? >> yeah. and sometimes somebody from germany or chicago will show up and start scratching their head. and another customer will come up and say here's how you do it. you make your change here. they go through a period of disbelief. and then they finally get adjusted to the idea, and sure enough, they do it. then, of course they want to have their picture taken next to it. stossel: some say this is because your farm is in a small town. the tea company honest tea ran honest tea experiments. >> we installed racks of

tea in all 50 states and a sign that has a dollar a bottle honor system. we have the box where people can put money in it or not. we watch the results. alabama was the most honest states. they were joined by tennessee and alaska as well. blond was the most honest hair color. women were more honest than men. stossel: in new york city, 98% of the people were honest. the least honest were montana and idaho. so just no pattern. >> it would be interesting for somebody to look at what is going through people's minds. i have to say, it makes them happy. it makes us happy. we love coming through the farm stand and seeing the happiness that people have and it's really fun. stossel: this doesn't work

everywhere. new hampshire farm stand said it had to close because of theft from the cash box. stephen king wrote a novel under the honor system. pay a dollar -- only 75% of the readers paid. fewer than 50% of readers paid. have you been been robbed ever? people take the money ever? >> oh, sure. of course, we have. but it's been rare that we've noticed it. we do beginning inventory and ending inventory. and we have an idea how much product we've sold. and, you know, the -- interestingly enough, we do get variations. on average, it works to just about right. stossel: thank you jim. a british university ran a trust experiment in a coffee station. they put a poster on the wall showing eyes staring down. no one was watching, but the eyes poster alone

led coffee and tea drinkers to leave twice as much money. next, who is more trustworthy? government or business? how could a luminous protein in jellyfish impact life expectancy in the u.s., real estate in hong kong and the optics industry in germany? at t. rowe price we understand the connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing.

stossel: whom do you trust? businesspeople? no. they just want to make money. they don't care about me. that's why americans are inclined to trust people who enter public service, you know, politicians and

regulators because they're more trustworthy. >> i did not have sexual relations with that woman. >> well, i'm not a crook. >> read my lips. [applauding] >> if you like your doctor, you'll be able to keep your doctor. stossel: or maybe not so trustworthy. still, people in government are not trying to profit by selling this stuff. my instinct says be wary of the people trying to sell profit. i know businesses can't be trusted. >> i'm dr. love. >> trust me. i'm a doctor. stossel: these dr pepper ads poke fun at advertiser deceit. >> trust doctor. stossel: that's why we can't trust business. except we can. when i was a consumer reporter in a single city for portland, oregon, and then new york city. i found scams every week. when i moved to good morning america to

report on national scams, i couldn't find as many. that's because wherever markets are mostly free, the way to get rich is to serve your customers will so they'll want more stuff. there will always be some scams but they rarely grow big. word gets out. the bad companies at go down. big ones grow. now thanks to the internet, your reputation is out there. (?) i won't go to a movie now without checked the rotten tomatoes site first. when i travel, i look at what tourists write about hotels where i might stay. i trust these ratings much more than any certification of approval from the department of business regulation. once i made some money working as a driver from lyft a company that let's ordinary people become a taxi driver. before i could pick people up, lyft made me put this stupid pink mustache on my car.

>> welcome. i'm supposed to give you a fist bump. where are you going? stossel: why would i trust that strangers would pay me? why would women get in my car and trust they were safe? because we rate each other right on our smart phones. i'll rate tim. i liked him. i'll give him five stars. >> thank you, sir. stossel: have a good day. these ratings make everyone vigil about maintaining a reputation. reputation protects us better than government ever will. even google and wikipedia all by themselves offer more consumer protection than government or thousands of consumer reporters. want to check me out? it's all public on the web. john stossel. >> according to wikipedia, john s. stossel is an american consumer television personality, author -- stossel: all right. you get it. information protects us. more consumer regulation

is bureaucratic and useless, sometimes harmful because it stops entrepreneurs from trying new things. one cool business is eat with.com. it allows people to buy a home-cooked meal in someone's home. have a dinner party with strangers. >> thank you for having us. this is so nice. >> some people like to do this. government always slow on the uptick barely knows that these services exist. the regulators will panic and demand regulations. fools in my profession will encourage that. they have already done a hidden camera on underground dinner parties completely unregulated. give me a break. eat with customers. always a risk. they trust their hosts because they have reputations to protect. government pretends it must have a place at the table. but i'll trust the power of reputation over

regulation any day. that's our show. this week. see you next week. >> announcer: the following is a paid presentation for p90x3 brought to you by beachbody. >> start the clock. everything that made p90x such a huge hit is right here in p90x3 -- the variety, intensity. >> whoo! >> we've distilled everything that we've learned from p90x and packed it into 30 minutes and have come up with something completely new. we're talking concentrated intensity, here. you don't get off easy. you just get to finish faster. don't tell me 30 minutes doesn't get done. what matters is the sequence. what matters is