tyrant's. the natural newer. well actually actually that you speak of natural when you are a has been laid barclays bank here in the u.k. so this is the beginning of the revolution i think and i think this is the first movement. of the of the banking revolution somebody. in the barclays branch and i think we should have won because are important interview this ground because he is a patriot well the billionaire class the top point zero one percent are very worried about the pitchforks nick hanauer who is an early investor in amazon and a billionaire he says the pitchforks are coming for us plutocrats and he starts off i see pitchforks which i reckon is that i see dead people of our day. well this guy nick hanauer he's trying to. starve themselves yes i'm saying but other words he knows he deserved to be

pitchforked he knows he's he deserves a good team but he's trying to you know somehow make peace with those that will catch up with him and do what they did during the reign of terror remember the reign of terror they say was thirty five hundred banks jurors were decapitated in paris up to forty thousand bank stores in france were words you capitated or got rid of during the post revolutionary cleansing of the banks stores of that era and this is where we're heading for no amazon is the middleman e-bay middlemen bankers middlemen that's the thing is this he sees it as the pitchforks coming revolution is coming when i look at these middlemen in these banks in these billionaire banks toure's and middlemen 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 a block chain the. with 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 get in 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 in the banks toure's all the people who stand in the middle like trolls and collect on necessary fees will meet the national razor that is crypto currency and blocking 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 archaic

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 battles of 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 syndicate of buyers during the initial public offering excedrin lawyers are the intermediaries in contract law if all of these things can be migrated to the block chain one one thousandth of 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 we'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 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 the 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 block chain 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 them so by becoming corrupt and so as a corrupt authoritarian is 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 he's saying we have 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 of 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 runs 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 movie 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 he 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 well plus i think it's something like facebook is in trouble because there are of they've abused their billion users by manipulating their emotions by manipulating the feed the news feed 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 will 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 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 postal 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 ike and 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 as encrypt will 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 have this conversation with tony to libby who's the c.e.o. chairman of big 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 definitely applied to other companies as well there's a rear guard action going on payment systems like visa and these others are trying to secure patents for to block this revolution and the try to use patent law and 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. fall swapping using copyright laws but a huge failure the same way a visa or a bank of a. erica using patent laws to stop companies like big pay or any kind of internet

based cryptocurrency based enabled payment system will fail alternately 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 old doppler and now finally he points out this concept we've talked to before about like with the theory i'm. 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 operates 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 means 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 and with enough cash to go buy a pizza well back in the past the future used to be that we'd have all that have 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 gains 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 in big well i don't think nick is going to see too many more sunrises but you know he will of gone out writing an interesting essay say thank you i'll see you in the block chain max. actually it states if the second half they've got us water.

as a new physician i swear to abide by the hippocratic oath. to the best of my ability and judgment. i will prescribe for the good of my patients. i will not give deadly doses to anybody. or advise of those to do so. i will never do harm to. doctors of the dogs on to.

the be. your friend posts a photo from a vacation you can't afford. a different. the boss

repeats the same old joke of course. your ex-girlfriend still tends to poetry keep. ignoring. what really matters. to your facebook news feed. welcome back to the kaiser report imax keyser time out turn to jol dates 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 kaiser report we broke bitcoin but years ago we broke like coin we broke max going ok swarm 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 how quickly

what crypto currency is to 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 where 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 phased transition that we're doing to that type of model and you know as probably all of your 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 a. first 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'm i correct in saying that when a project is launched on swarm you are simultaneously launching a currency that goes with that project so there's a thousand projects there are a thousand currencies if there's 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 bitcoin 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 of bitcoin 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 addiction the bank of 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 back to the future which was really one of the first books out there talking about crowdfunding an equity crowd funding so you're kind of in the same business but you're in the fi out world and you're doing it the regulators the f.c.a. in the case of london and correct me if i'm wrong but it seems as though where joel is kind of doing end run around regulators 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 with

shifting well we're in finance to point out a meeting the traditional finance world. back to the future and we're focused on my ass consumers being able to invest in equity so we've got to 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 a process bank to the future and other platforms and 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 those dull palo alto silicon valley california whiz kid he's got this idea swarm any bull hit 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 dave or 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 entrepreneurs 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 saw is 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 block. knology for outsourcing things like due diligence you know this this word this intermediation you know destruction 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 we should 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 to be something that is sort of more

participatory and democratic 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've been it's all come last week and he said what you guys are doing is actually what bitcoin was to the central banks you are to the f.c.c. so kind of really allowing people to kind of participate in the process and how 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 this economy builder and they have course got the lobbying efforts in washington to go after these legally changed laws to try to thwart any kind of competitor a newcomer do you feel comfortable at this point that bitcoin is only 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 bitcoin ire we've had some regulatory issues but now what the both gary and bank run is a bit coin jumped on that is excuse me is that is this part of the issue is going to be joined by crisis or or regulatory approval i think the regulatory. approval will always strike you know that 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 assured 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 as

actually is 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 towards a world where what the people want is actually happening thanks to technology thanks to block trains 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 coins they can do decentralized raise with you know an alternative to equity they could also raise some equity crowd finance through fear or cryptocurrency 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 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 you notice 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 joel. 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 eccentric setter and where are you in the gestation of the startup is it where are you. to 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 accessible to in a normal users including those who are familiar with the crypto space is really our core priority so i guess that you could say we're sort of in the seeds 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 that will be something that's approved by everyone who has sworn points all right joe dates of thanks for being on the guy's report thank you simon dixon of banks the future thanks ray on the house report and that's going to do it for this edition of the guys 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 in break. we can see something as simple as people

playing soccer you can see individual players and you can. see is facial expression you can see he is. maybe cursed. or maybe he. for forgiveness for. there must be near certainty that no civilians will be killed or injured. but if your whole life should be making news all the face you know.

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not just any of the story he's giving jobs it is the safety a stage eight look to be. but speech was still. good leverage sure to mccurdy was to build needs most sophisticated robots which fortunately doesn't give a darn about anything tunes mission to teach music creation why it should care about humans in. this is why you should care only. choose your language. of choice make it with zero if. someone. chooses to use the consensus to. choose the opinions that degrade to.

choose the stories to. choose the access to. coming up on r t of food bank for hungry students it's all part of a growing trend of american college students having a hard time affording food while getting an education special report on that just ahead. and a former n.s.a. employees are back in the spotlight they've been called to testify in germany about u.s. of surveillance programs we'll tell you all the details coming up. and the american midwest is no stranger to tornadoes now a university businesses is pitching a new way to make the region tornado proof find out how he plans to do it later in the show.