banks toure's and these billionaire banks toure's and middleman i see a pitchfork sticking out of their back already the revolution has already begun and it's called the block chain that is the equivalent of the battles of lexington and concord by the way and it's already begun we have cryptocurrency the block chain the public ledger we have peer to peer financing we have crowd funding we have to pay some m. pay so we have all these things have already begun there they don't even know it though they call during the french revolutionary times to getting the national razor so what we're talking about here is that the block chain the core technology of crypto currencies is the global razor that all get rid of all the middlemen all of the amazons of the world the paper and the banks there's all the people stand in the middle like trolls and collect on necessary fees will meet the national razor that is crypto currency and block change technology he's thinking in his piece in his editorial he writes that you know we have to change our policies and

redistribution and all this kind of stuff that they the billionaire class has to do in order to avoid the revolution well let's look at this next headline the coming digital anarchy bitcoin is giving banks a run for their money now the same technology threatens to eradicate social networks stock markets even national governments are we heading towards an anarchic future where centralized power of any kind will dissolve and in fact in that quote you said from thomas jefferson of course he starts off earlier about the anarchy in massachusetts from which the battle to lexington and concord began and here in the telegraph they're saying here we have this anarchy of a digital revolution right well bankers and lawyers insurance brokers they're in the business of trust so they charge a fee to make transactions happen between two parties multiple parties they are the intermediary they provide the trust a banker is providing the trust to allow for a company to go public for example through a so. of buyers during the initial public offering etc lawyers are the

intermediaries in contract law if all of these things can be migrated to the block chain one one thousand so the cost and you eliminate the need for a centralized trust hub to orchestrate these then all those jobs all those white collar jobs are eliminated well all the authority in the middle man are eliminated whether it's government authorities or banking authorities and we need these men with a lot of power to be these authorities and yet the block chain removes all of that you know my job because you're right some of our jobs really it's about the authority the authority figures are are removed and you go from a hierarchical command controlled central. system as you have now even in the united states to an anarchist tick peripherally driven power generated from the masses system which you're heading toward presently with the crypto currency block

technology and that's why this guy you know he's like the guy that just recently walked into mcdonald's in new york city with a knife in his back here's nick hanauer with a pitchfork in his back saying i see pitchforks he's looking in the mirror basically he's looking behind him as this this article points out about the blocked chain until recently we've needed central bodies banks stock markets governments police forces to settle vital questions who owns this money who controls this company who has the right to vote in this election and now because of the block chain we can eradicate all of that because now we have a small piece of pure incorruptible mathematics and shrines in computer code that will allow people to solve the thorniest problems without reference to the authorities by by put a pitchfork in yourself and get out. of a title insurance to put on the block you don't need when you're buying property overseas you don't need to do a title search it's all there in the box so again all of this information is decentralized and all of the machinations of banking. whether it's securities or

deposits except that they can all be moved over to the block chain to get rid of all these authoritarians that have totally corrupted the system they've brought it on themselves by becoming corrupt and so as a corrupt authoritarians that run the city of london and wall street around the world are now going to be blown away we've seen it with the currency aspect of bitcoin and he mentions of course in cyprus and the fact that if national currencies can fall victim to a chain reaction erosion of faith why should a new currency not ric's perience the same phenomenon in reverse so you say we had this collapse of faith in the cyprus banking system and in reverse it was a new faith in the block chain. currency aspect so it probably watches the show because the cyprus went through the bail in process and bitcoin went from forty dollars to two hundred fifty dollars we were pointing out that this was a loss of faith in driving the adoption of bitcoin the ball garion bank run this are now driving another huge wave of adoption as banks collapses h.s.b.c.

barclays royal bank of scotland and lloyds are proving to be insolvent and they're going to introduce balance probably in this country in the u.k. there'll be a huge adoption of bitcoin and other cryptocurrency like max going like start calling in the whole board of kryptos you know thomas jefferson had said the blood of tyrants shit you know will be fresh democracy well instead of. the violent bloody revolution that we have we could have with the liquid democracy they call it not only could you put your elections on the block chain but you could have never ending referenda so every every week we wait for the guys in the dispatch boxes in the you know prime minister's questions to answer questions and act as the authority whereas we could all every single we could be there every. and resident and citizen of the world could be in our parliaments can be in our congress can be in the senate and and making our voices heard on the block. plus i think it's something like facebook is in trouble because they were of they've abused. their

billion users by manipulating their emotions by manipulating the feed the news feeds that people are exposed to and this is a subtraction of equity from the user base and from their shareholders the new facebook out there will be driven by the block chain will be giving back to the users giving back cryptocurrency giving back something in that they're getting in return don't be pushed out to the periphery to the anarchist tick world that is now replaced this horribly top down dominated social networking the hottest like mark zuckerberg over there at facebook well he does go into that about the block chain being applied to the internet that they could eradicate all those middlemen because the point is that is governments it's interpol it's the world bank that control right now i can which controls the internet before i can it was one guy john post-al who worked for the department of defense who controlled the internet from the department of defense and up and into the one thousand nine hundred s.

and then it was handed over to icann so they're going to eradicate all these government global some many unelected authorities who control the internet right now and they says what is the goal right now and put simply it's to create what they regard is incredible versions of the websites networks and financial institutions which we all the line every day to remove the man in the middle and any all terrier motives he may have so they're going to replace pay pal e bay facebook google twitter and get rid of these according to this article about the digital anarchists coming out of this conversation with tony to libby who's the c.e.o. chairman of pay three years ago in prague they have sense completely overturned the global payment system and now companies like western union are going to be put out of business because they can't compete with the block chain but the. other companies as well there's a rear guard action going on payment systems like visa and these others are trying to secure a pattern. for to block this revolution and the try to use patent law in this type

of thing and they'll try to do what hollywood has done on the copyright space just for innovation but kollywood attempt to stop p.d.p. file swapping using copyright laws been a huge failure the same way visa or bank of america using patent law to stop companies like big pay or any kind of internet based cryptocurrency based enabled payment system will fail ultimately as well i know that on our start join site we are now looking at hundreds of projects that are dedicated to doing exactly this overthrowing the entrenched o.-w. and now finally he points out this concept we've talked to before about like with the theory am. that the notion of autonomous corporations well they also talk about autonomous agents like a driverless taxi for example and independently scenes which earn their own money through fares pay for their own fuel and repair and operate utterly without outside control well i wrote about this twenty years ago the psychic equity conversion or

subsistence thinking. because the frictionless nature of the internet today allows for memes generated from the conscious mind to enter the digital space and attract funding coming in the opposite direction and this is part of the revolution that we're seeing in the crypto space so that i can think of an idea that can be monetized through digital currencies and end up coming back to me with enough cash to go out and buy a pizza. well back in the past the future used to be that we'd have all that had this leisure time but what has happened is the billionaire likes of nick hanauer worried about a pitchfork in his back have captured all those games for themselves and kept it here we could have these autonomous agents of corporations and liquid democracies and all of the leisure time to think and do things and create things without worrying about you know paying for things then big well i don't think nick is going to see too many more sunrises but you know he will love gone up writing an

interesting essay say thank you i'll see you on the block chain max actually it stated for the second half we've got a soiree. choose your language. we can without any financial center city feel some of. the concerns. the opinions that you think great to. choose to stories but in. truth you access to. the piece of legislation was a terrible mistake and led very hard to take on to let once again a little longer

a plug that he never had sex with that hurt their lives let alone. limit the amount let's listen. to the. kid ends in ceasefire and relaunches this is ukraine crackdown we find out what's driving some women to take up arms happens during wartime double standards the

killing of palestinian children is a girl which is the lead of three israeli teenagers makes headlines around the world teenagers. yes schools and muslims to come to iraq and syria to secure an islamic state. but other media turns a blind eye to it you get an oxy. do you believe that people in your brain should have been. given an opportunity to vote to have a background on whether or not they want to sign this agreement michel a number one i mean looking to the polls public opinion poll i don't think religious is that divisive as you say my number two. i'm up against her for end up and particularly aware of sure if arindam if you sort of pasta part of your sewer initiative to use it to show. up let's say i'm in brussels but not think of it it's up to the people to decide.

right from the street. first street view and i think picture. on our reporters twitter. and instagram. to be in the know. on. welcome back to the kaiser report imax keyser time out turn to joel dietz of swarm and simon dixon of back to the future dot com joel welcome to the kaiser report nice to be here all right swarm this is yet another breaking story here in the congo is another step toward a crypto future i guess is

a good way to describe it but tell us about swarm swarm is the world's first crypto equity platform so we have we think that crypto equity is to normal have crypto currency is the currency it's sort of the next logical step and has a lot of flexibility that you don't find in existing legal systems and we think it's going to evolve into being the preferred option for funding all sorts of different projects over the course of the next decade ok so recently there was a controversy with oculus rift oculus rift was a project on kickstarter and people put up lots of money they developed this product and then i guess it was bought up by facebook for a big number billions of dollars and the people who put up those the money to begin with for we were really got none of the equity so in the case of swarm if something were launched on your platform in this way first of all everyone ends up being a stakeholder in the end the company so in this way it's equity crowdfunding isn't it so it's my first question and my second question is so that's correct right

people end up with a stake in these projects on these crowd funded projects essentially correct. that's affectively correct it's sort of a phase two you know transition that we're doing to that type of model and you know as probably all of you are where the legal framework for doing those type of things is a little bit tricky to navigate so there are certain things that we think we can do now that are totally clear legally and other ones that are you know will take a little bit of time for us to execute on but that's absolutely our goal you know we want to have it so that you do a crypto offering. and then you know later on you know it integrates maybe into an existing system and then a facebook comes and buys your company then everyone who put in early get something back right so but i am i correct in saying that when a project is launched on swarm you are simultaneously launching a currency that goes with that project so if there's a thousand projects there are a thousand currencies if there is one hundred thousand projects there are a hundred thousand currencies there's a currency for every project and this is able to able to do this with block chains

and the crypto market this is this allows you to do it is that correct yeah that's absolutely right and it's actually everything's built on top of the big block to see how the full security of that particular system is this big going two point zero that we hear about another this is a this is application of the block change into a new a new era you know i mean i look to hold up a coin two point zero technology things a couple months ago and i said this is really the most promising single house but of is what we're doing right now which is why i put all my energy into into making it a reality ok so i'm addicted to back to the future you are here in london you've been involved back to the future for a couple of years now you wrote the book bank the future which was really one of the first books out there talking about crowdfunding and equity crowdfunding so you're kind of in the same business but you're in the fi out world and you're dealing with the regulators the f.c.a. in the case of london and correct me if i'm wrong but it seems as though where jol is kind of doing it and run around regulator to some degree not entirely but to

some degree you are kind of dealing with a legacy regulatory environment correct speak on this yes so at the moment in shifting well we're in finance to point out a meeting the traditional finance world back to the future we're focused on my ass consumers being able to invest in equity so we would be very careful when we use the word equity because equity is a specific legal meaning and equity is a regulated product so if you offer an equity to people then you have to go through . process bank to the future and other platforms that process looks like eighteen months to three years of explaining to regulators everything you're doing and hundreds of thousands of pounds in order to navigate the so what we're seeing right now is we're seeing innovation growing at a much much faster rate than regulation so there's dalt palo alto silicon valley

california whiz kid he's got this idea swarm and he's built it the ground running raise the money doing equity crowdfunding with crypto equity here you are in london where if i'm not mistaken even the bank of days where a bank of dave they were launched as a competitor to the current banking system then they shut it down just because what they don't like competition well talk about that story a little bit well you got to look at you know where this is actually come from since the financial crisis you know people were very upset we had the government doing quantitative easing we had lowering of interest rates we had bank bailouts which was sort of the financial sector the intrapreneur is came along and they invented essentially new things to push an alternative along and we had digital current season we had crowdfunding those two inventions have been extremely significant but the equity crowdfunding soit essentially has to intersect with the

traditional fear here who are pretty crypto in your platform correct to these day you're moving in that direction correct you know crypto is no doubt the future of finance and therefore we're looking at that gradual transition from the world where we are now to the world the playing was warm but so you're kind of a hybrid crypto and there's a huge market there joe you're a crypto crypto and there's a huge market there and you're using the blocks in technology for outsourcing things like due diligence you know there's this word distance or meeting. ation you know the disruption using technology due diligence is a highly expensive lengthy process so you're able to crowdsource correct yeah i think there's a couple things we can do along those lines and one is definitely allowing the platform to allow anyone to endorse a particular project and then having a sort of reputational system so that people can see oh this guy endorsed these projects they all failed mission trust him but you know this other guy endorsed all

these different projects and they all did reasonably well so we can trust this guy and that's sort of a new shift i think to allow that and to a certain degree you know and actually i met with the founder of the pirate party recently said what you guys are going to talk to rick and we menace all chrome last week and he said what you guys are doing what bitcoin was to central banks you are to the f.c.c. so kind of really allowing people to kind of participate in the process and have this kind of reputational awareness well it is pushing against the establishment the status quo these institutions like the f.c.c. the regulators new york stock exchange a lot of stock exchange they've been there for one hundred years or more and they don't want to give up turf you know they even though they realize it's economy builder and they have course got the lobbying efforts in washington to go after this legally changed laws to try to thwart any kind of competitor and newcomer do you feel comfortable at this point that bitcoin is i may ask about bitcoin is it going to. going to be driven forward by regulatory approval or by ever increasing

bank scandals if you know what i mean it seems like they they cyprus bail and you know move because when i or we had some regulatory issues but now with the bow gary and bank run is a bit coin jumped on that is excuse me is that is part of the issue is going to be driven by crisis or or regulatory approval i think the regulatory approval will always strike you know the actual innovation so you know it's going to happen in different places and you know there's going to be a sort of jurisdictional awareness as well where you know. hong kong now it's a very friendly we're going to welcome this type of innovation and other places are sort of either dragging their feet or not a sure you know that depends but you know the things that are going to be the major drivers are going to be people's dissatisfaction with the current system and every time that you know some there's some real significant crisis in the system that's going to drive people to something i think is a real accessible store of value and the more accessible but going is the more that

people will definitely you know adopt it as an alternative to feel what your perception of london right now in terms of a hub of crypto activity well i guess i feel like in this isn't interesting in light of what simon said but you know i think we're kind of doing something similar what tesla did to the kind of normal car industry and the place where over the cars are produced and they have their own lobbying efforts obviously very successful ones and unions and all these kind of things they don't really have that structural motivation to innovate and they're not going to you know push something like electric cars ford or he's going to alternative energy is just not going to happen in detroit it's not going to happen where those things are so i think you know you have this hub in london you have this hub in new york of kind of traditional finance industry but i really think that you know this kind of really disruptive side of me rethinking things sort of from the bottom up you know putting in this sort of democratic and accessible thing and allowing you know the ordinary person to actually participate in it is not going to come from the centers now. we've talked about this carl grey coin millionaire who we are looking at london actually

has a potential to be a crypto hub because it does have the best financial technology in the world even considering silicon valley the actual financial technology is actually really the best in the world here in london so it seems like they've got the infrastructure but to jolt point that the entrenched lists if you will are not anxious to give up turf. do you think crypto can overcome that absolutely there's no stopping this is what the people want and at the end of the day with we're moving to. wards a world where the people want is actually happening thanks to technology thanks to block chains thanks to crowdfunding you know i imagine a world now where a business comes up with an idea they can launch on a platform like start showing people can get some free store points they can do decentralized raise with you know an alternative to equity they could also raise

some equity crowd finance through fear or crypto currency and what we're doing is we're producing more and more options for innovation and business and in london we've created actually one of the most perfect environments for that and you know what we've got we've got lots of the crypto businesses the saying well you know there's no point the banks are going to support us the banks are going to give us bank accounts so therefore let's turn to equity crowdfunding let's turn to new solutions like swarm this turn to stall join and let's just you know get lots of money together so that we can all participate in saying what actually gets funded and what gets funded is going to reflect the values a society that is not the traditional financial sector wants and you have to remember that these products were created specifically because people were fed off of what happened during the financial crisis i noticed that this max coin silver which is a start joint project just was launched and within an hour china attracted thousands

of dollars so there's a great appetite for this kind of crypto crypto bully and we've got about a minute left all. of this talk a little bit about ok you are a startup correct ok so we know startups go through a certain path the seed round the series a round you know the eccentrics that are where are you in the gestation of the startup is it where are you on that path well i would say we have the back in infrastructure working so you could say we have a kind of fundamental platform type thing and then really building out the product so it's. to you know normal users including those who are familiar with the crypto spaces really are a core priority so i guess that you could say we're sort of in the seed stage right now and then you know once that's really solid and you know and usable and people that sensible then we really want to turn on that kind of juice and really kind of push this out to a much broader audience as quickly as possible so and then that sort of actually what we're doing right now is we're engaging people in this kind of voting system

through the sort of two point zero technology to allow everyone who's participated in our fundraiser so far to vote on you know the future of how they see that happen and probably if we do decide to do more funding in the future the whole be something that's approved by everyone who has sworn points all right jill dates of thanks for being on the guys' report thank you simon dixon of bank of the future thanks ray on the house report and that's going to do it for this edition of the kaiser report with me max kaiser stacy herbert i'd like to thank our guests joel dates of swarm and simon dixon of back to the future if you'd like to get in touch tweet us a kaiser report so next time. this is what we do we kill people and break. we can see something as simple as people

playing soccer you can see individual players and you can see that. you can only see these facial expressions you can see is. maybe cursed. or maybe he. for forgiveness for. there must be near certainty that no civilians will be killed or injured. i know c.n.n. the m.s.m. b.c. fox news have taken some not slightly but the fact is i admired their commitment to cover all sides of the story just in case one of them happens to be accurate. that was funny but it's close and for the truth and might think.

it's because when full attention and the mainstream media works side by side the joke is actually on here. and our teen years we have a different breed. ok oh yeah because the news of the world just is not this funny i'm not laughing dammit i'm not how. you guys talk to the jokes well handed to me i said ok. the gym is about seven years old it's one of the largest ten cities on the east coast of america and as it got about one hundred people here just because of economics the cost of housing in this area especially is very high and i believe as an american we have a right. to care about or to possess public land until something is created

that's my house you see back there live in it send them to well good we spent tens and thousands of dollars. if we hadn't done that we wouldn't have been home i want to go stand we don't just hold the you know people of density we don't anybody that needs help so tell your friend to just give us a moral to your mortgage i'm staying on never going to get the internet in one fell swoop got a place to live once on monday i'll be out here with my dog. dramas the chance to be ignored. stories others to refuse to notice. faces changing the world lights never. come full picture of today's news no punches on from around the globe.

up to. fifty. from the spots of the interview intriguing story. visit. to build a new. mission to teach me.

from the. control of. expanding control in the region even further. from the strip this is. in the.