welcome to the kaiser report imax kaiser you know victor hugo once wrote there is one thing stronger than all the armies in the world and that is a an idea whose time has come stacey max the time has come to stop caring about whether the markets are hitting all time new highs or whether they're hitting all time new lows on various tumbling markets or what the political and you know banking elite even think because an idea has come and that is the headline reads bitcoin to earth don't look now but your paradigm is shifting historians may look back on these current days with fascination we may be living through the beginning of one of the biggest paradigm shifts in modern human

history the way the world actually thinks about money and stored value might be changing in a tidal wave of recognition and this is now the article points out that there is a paradigm shift the way we model the world to look at the world and see reality is shifting well it's the end of relativity you know there is relativity in the way people get their information there is relativity in the way people value their money there is relativity in the way people. relate to each other but with the blotching technology which is math based which is completely objective stored transparent and eternal these relative differences are big point away so to speak and we're entering a new paradigm or a new era of absolute truth of absolute beauty of absolute aesthetic recognition of the absolute nature of our absolute beings in terms

of our connection to those forces that drive the cosmos. the current show in t.v. cosmos which is you know an updated version of the old show of cosmos but article here that we're talking about in between magazine about the paradigm shift they were quote thomas kuhn the author of the structure of scientific revolutions and he says all the significant breakthroughs were break with old way of thinking now of course. it also takes me to this headline from a newspaper here in the u.k. last week enough is enough now these are bankers this is the head of h.s.b.c. saying enough is enough with more regulations on us more punishments of us more fines of bankers but what magazine is saying is this is a not is enough with you if you don't want them anymore i couldn't agree with you more the this idea that the ages b.c. chairman suggesting that banker bashing is finished and that enough is enough is

absurd you know the banks i'm never one step forward have said we will start complying with the law a just b.c. lloyds barclays royal bank of scotland they haven't made some kind of allegiance to start a bank of the law they have made a commitment to pay a minimal fines as a small percentage of the money that they are told from the public domain but that's not enough beyond that max it's like they can pay a trillion they can pay one hundred trillion for all we care we have broken with them we don't care about them anywhere no the world has moved on beyond them they could they could be right there all those people back there if the tower of london lined up they could we could be had them nobody cares about them anymore because it's over it's done they're gone there could put nobody trusts them forever well now you brought up you know let me bring back my cosmos comparison ok i saw this t.v. show with that fella doing the cosmos the grasse tyson they need to talk about evolution and the brown bears versus the polar bears or the white bear so the snows came down

and the brown bears were eaten and the. bears were loved because they lived to survive another day this is the same thing in this new paradigm the brown bear is like the chairman of a just b. c. it is going to be different mediated evolved out of existence the way spare big coin is the future so they point again to this thomas kuhn's the structure of scientific revolutions and he talks about five basic structures to the structure and number four and five are the most relevant to today number four is crisis you see that in the last five six seven years we've had financial crises all sorts of crises across the entire banking of financial and economic sectors of fiscal sectors and then five comes the revolution so we're at the revolution the revolution has happened you know they could say enough is enough we don't want any more punishment but it's too late now because we have broken with that way of thinking we have broken with them and here you can see in this headline one of the biggest sectors of the financial markets this is a four x.

market the foreign exchange market five trillion dollars per day is treated on foreign exchange markets here is the headline peer to peer f. x. catches on the foreign exchange benchmark scandal looks set to be a boon for burgeoning peer to peer currency exchange platforms as they capitalize on the demand for transparent and innovative solutions so they dug for pm for x. market fix well people are so pissed off with that they don't know they know that if you're not one of the big boys reading it you might as well not participate in it so even the four x. mark is now turning to peer to peer right love it what is money if you get rid of the parasites that becomes the medium of exchange and become the fertilizer for economic growth but the barnacles of the parasitical relationship of having guys like the chairman of h.s.b.c. along their way into the political socio economic system and drag you know the boat so that it can sail toward economic prosperity is becoming quite profound and

noxious so the barnacle scrapers. that is the same bit coy going to read this clown over there h.s.b.c.'s says enough is enough. i stay up sometimes to six o'clock and i try to fill out all the regulations that were imposed because i keep breaking the law and start i want to be in the law there you go home and play your kids and you know watch the old jimmy savile shows or whatever it is you do in your off time and leave us alone your fricken parasite it doesn't matter we stop talking about them it's all over they when they're gone they are as good as rope spirit dead what roads are here ok they are talking the same revolution i mean point something out about revolution you see you around the world today poor people are being victimized by the scrubbed out of existence you know a fantastic thing about eight hundred eighty nine was a really rare time in history when thirty thousand aristocrats were killed by those who saw an opportunity to rid the world of the banking parasites three thousand

decapitations by getting in the last concorde in paris alone yes that isn't a static beauty as maximally robespierre himself said virtue is terrorism terrorism is virtue referring to these beggars getting to capitated not to capitalize but decapitated and plus the concorde oh you don't know for ols well again those are parasites there middlemen between the human and the consumption of the nutrients so here we are getting rid of them they talk about how this peer to peer for x. market happens p.t.p. foreign exchange works by matching buyers and sellers of currencies on a shared platform a model that promotes by side the quiddity over traditional market makers can talk says once that's platform that offers mid market rates for spot and forwards and what the twenty five currencies and transparent fees that are published on its website they range from point zero nine percent two point two nine percent depending on the transaction volumes compared with approximately two point five percent to two and a half percent or more

a traditional bank right i mean we know from anecdotally that companies like visa for example when they need a good start calling or. things they increase the spread of the forex trade throughout their traveling in a foreign country to go use your visa card to get some cash in that country if visa needs a few extra bucks a quarter they simply wide in the spread between the bid and offer between whatever currency you you want to get the one that your domestic currency are based on and so this manipulation of the spread the market making ability is completely descension mediated in the way that you're just describing all four x. would be peer to peer you're in the middle man there's no read there's no cost so suddenly get rid of a whole parasite class you get rid of millions of parasites in a bloomberg terminal michael bloomberg is one of the biggest parasites ever in the history of the world and he has one hundred thousand of his bloomberg terminals which are those his virus spreading its tentacles into every nook and cranny of the global economy spreading the means and virus of his parasitical behavior and all these little stock jockeys and monkeys on their computers all day figuring out ways

to steal more money every single day the worst of course being warren buffet now the other new model in this revolutionary times the old world is over they can complain all they want on bloomberg news on c.n.n. b c they could go on the b.b.c. they can go on channel four i.t.v. go complain about how they're reforming and tell everybody that's enough we're all fixed finished reforming well the world has moved on beyond them they're they're over it the old paradigm is over the old media paradigm is over wiki leaks reveals australian gagging order over political bribery allegations super injunction reported to have been issued on one thousand to june to block reporting of claims involving international politicians so a sweeping super gag order against all of star islands from speaking about this week the leaks document and what it shows is that apparently according to julie assad said the gagging order relates to a case that quote concerns the subsidiaries of the australian central bank but australian criminal courts have ruled that this would be it's a national security issue they can't issue all we know is that it's corruption

related to the australian central bank according to julian. sonds and this article in the guardian as we've been saying on the show for years the central banks are the the base of the global parasite class and corruption you don't hear about the australian but central bank that often these usually federal reserve bank are bank of england bank of tokyo but here they're involved with a sweeping gag order for the entire country of australia to protect criminal activity racketeering and legend we don't know we don't know what it is as julian assange suggests that it is that we don't know because there's a super injunction there's a gag order you don't ever need to gag the blotching the blotching is there it's an open public ledger for all we all know what it says we don't need any court to say oh you can't tell anybody what's on the block gene you're turning me on right now i gotta say it i've never felt this excited on this show ever i mean i am ready to join whatever it is you're cooking up over there this is sounds exciting where do

we begin or we go over to australia. as for the revolution begins to sail in with kim dotcom maybe it relates apparently to several countries across the whole region across southeast asia and i saw that some political heads of countries like malaysia why are demanding the release of this gag order so that they can find out who was being bribed it appears to be about bribery it appears to be about some sort of criminal conduct like that we don't know it could be for all we you know we could only use our imagination at this point it could be some of this enough is enough money laundering who knows we don't know dark pools dark shades is gagging for a central bank activity you end up with a parallel economy in a parallel financial system where trillions of dollars at the fraud are trafficked every single day to perpetrate this horrible wealth of a. scandal which is encouraging people to revisit the reign of terror of eighteen eighty nine eight hundred ninety nine hundred ninety one two and three the court in

australia ruled that they were forbidding the publication of this information in order to prevent damage to australia's international relations that may be caused by the publication of material that may damage the reputations of specified individuals who are not the subject of charges in these proceedings so again you don't need to impose a gag order any super injunction against the block chain people are sick of these elite and their super injunctions and their gag orders and hiding all the crimes whether it's paedophilia or money laundering forget it we've moved on you can continue committing your crimes in your own little space so i think thank you matt well for the second half whole lot more. do we speak your language i mean some of the will or not and. news programs and

documentaries and spanish what matters to you. i want to. the stories. are huge here. in troy. more visit. i asked ray. in december and. more likely to be raped in college than in the real world. i don't think people did that to each other when they knew each other i thought rape was a stranger in the bushes. go all complaining about the son of an alumni. millions of dollars through the school why listen to somebody who's going to lose money at the school of schools that make money based decisions are much more common than they would ever admit publicly.

of a school such right to. the people who are going to. be a much more interesting thing everybody. thought me oh it up the weapons of my own life would have. most of. these cases most elite limits. sometimes for nothing. this season has been simple. it's not just the story. just if you see

a stage eight lupita but speech was set in. right. and i think. welcome back to the kaiser report imax keyser time out of turn to nick lambert and david ervine from made safe an acronym for

a massive array of internet discs secure access for everyone all right david nec what the kaiser report thanks very much max first of all set the stage going back a few years i take it you guys are bitten by the bitcoin bug. and the whole bitcoin phenomenon and made safe is like another iteration of this whole crypto currency phenomenon correct tell us about it well be safe is i actually. started in two thousand and six of three years before calling and really behaving mean safe is it . no so much code in c. is information information is the most important volleyball resource that we have in my opinion anyway so i was a bit concerned the we were again so intimate we're for b. to speak to you it was going to have to be through google or facebook or yahoo or wherever and from wouldn't buy the other businesses and looking forward to the future doesn't seem to be any future of wooden school and he's going to logon to

google to send a message to the clones for instance so we know in the future the information is known by businesses and that's why he needs to stop the. interesting stuff before there was big call and there was this idea from a say yeah and now however make safe it's become quite big because you've done an offering you've raised a bunch of money around it we'll get to that a second but just to kind of dig into what it is again you're saying that information is not safe using protocols like google and other places because it goes to their servers and their servers are being monitored by foreign intelligence agencies as we now know in the edward snowden revelations i take it the edward snowden revelations really gave you guys a shot the are right they did they just proved what we thought was to be the case and literally if you think about it if you're just now if you try to remember the top five hundred numbers you forward you would remember them because you're forty remember from forty those

a translation if you're trying to remember who to go from dollars to pay sales is the farm here for ever googled remember for you so just know we're going through a stage where most of her thought so short quick thinking as a new computer we're outsourcing our thinking to the computer computer so if that computer of information is owned by a corporation it's just going to maine and sail it by two years and a very poor way for society to form suddenly now when you talk about information as a currency and you're saying this kind of predates bitcoin a lot of ways or. does and in fact when we when we know about what we know about because it is that is two things it's a way to transfer value around the internet and it's also a store of value and the bitcoin itself now with made safe is it also a way to move value around the internet and is it also a store of value is it comparable in that way as fed it very comparable you could look at me and see if the part i mean if which is

a facilitation for the way the network works so if you're a farmer i mean if network of computers or and is providing resources the network does look a bit coy manere so as great someone there's no blow chain told it's completely distributed so you can imagine that coin in. a public ledger they're very good for public litter we need a public ledger my opinion as government and corporations should be on the public ledger people should so this is. the currency of the meeting if it works if going as late cash if i paid and see if nobody goes so there's no problems but ledger it's a fully distributed network fairly good it's a fairly distributed it's a total mess network so this is the forced over. and the way that it works really everybody's computer joined together to form this get it if you like you to say to get it up in you to say you don't to was you to tell anyone and you store your data

and you can start making safe goings you can buy and sell things on it but the important thing is you can access all the world's information does it using corruption at several levels of encryption they can only job or a nickel for second so we can tell you're the chief operating officer of a service second so just to pick up on this thread so use encryption so when you describe here it sounds like p.d.p. file swapping where people are using their hard drives to swap music files back and forth but what you're saying is it's distributed network that's fully encrypted and it mimics. because in many ways that you can use it to exchange value as well as a store of value is are we getting closer to the. effectively a global decentralized data and communications network so that's all form of communications e-mail voice over ip so what we're trying to do max is effectively replace the internet and decentralized internet so the comparison to court i think

is a good one is in the same way that trying to replace financial institutions and intermediaries in financial transactions missives also trying to do the same with data so we are removing data centers from. data communications and potentially large technology companies and so the individual users become this network so we are doing for data what bitcoins doing for trade as a phrase that we've got here look you guys up in scotland troon scotland and any particular reason why you are intrinsic oland or you just happen to meet up there and that's just the way it will grow your for the longest seems mostly they'll understand very very good up there i think so that's kind of the whole company by not speaking of the company being powered by a lot of scenes and also by some cash because this is where it kind of the rubber hits the road you did raise some money recently again this is an interesting phenomenon in the crypto space where these crypt currencies are raising money by

selling cryptocurrency you raise how much seven million dollars the type of investment is that the eight million dollars eight million dollars three in three days over to cripple currencies ok so this is i think is fascinating for folks that this was an offering in the crypto world that raised seventy eight million dollars and it happened quite quickly i think a day or two this all happened very fast so walk us through you're the c.e.o. neck walk us through what that meant exactly how did that work what the average person on the. web what what what are the experience there so what we're sailing is we're sailing basically access tokens to the network so we have pre-selling access to a can so that people can buy those and then use those for services on the network when it launches we call tell to not call ins. i think i think for me anyway the pretty much one in the same thing i mean it's a network talking it's a network because there's a controversy about calling bitcoins coins because it flags the regulators and

a lot of people are saying for example the founders of skype who went to battle with the phone companies they decided not to call their end to end user communication systems if the same worms that the phone company uses and kind of not get in under the the regulators noses in the big point space or seems to be this idea that you know maybe if we just just call them tokens you know we wouldn't have these regulators all over it because it's a token but that was that part of the thinking or you just happened to come here on the i mean the currency itself is called made safe and then it because of the network has loads that we've specifically shied away from i think from what i've seen in the regulation part is maybe more the u.s. side of things seems to be more concerned about regulation than than anything i've seen from the u.k. government so maybe that's a us issue so the folks they are involve these tokens and they give them what is it

gives them access to the network yes applications are being built as we speak and so they may be able to use these coins to access services in the networks let's say someone launches a voice over ip. they might use one safeguard for ten minutes of chat so they can start to use these calling for services in the network and so what how many users are now involved in this that work is hard to see because with the networks i see not live yet so there's currently zero users but we've got a fairly large community building up we have probably over seven hundred people sign up to a developer mailing list we have approximately two thousand people participated in the code sale so. there seems to be a real market for our product as opposed to those pushing on to the market so so there are no users yet but they're selling seems to be a real. the mound for the general population obviously these concepts are pretty difficult to get through to the general population and that. is the message is it's

something that you can actually bring forward to people and they are understanding what it is you're talking about and how do you break through that because because it took several years to kind of reaches any kind of mass or critical mass at all what you're talking about is another is a variation on something that already people find it difficult to understand how do you get the message out in particular how does it how do you get that message communicated to people in terms of this is going to give them more sovereignty if you well i think it's just he said he is your teacher is your theater it doesn't belong to anyone else your thoughts or your thoughts it doesn't belong to anyone else that until they promise to deliver made safe promises or hopes to do with it and by all the parents that went to school we will know what people are working with as if it interested in what we're doing those are huge amount of code because he was of testing so replacing him to me is something we hope to be able to do but

going away just to get the message are a little bit more clear than we could previously when you put these into he shouldn't meant so and also did we got about a minute maybe got to stay for another session because it's pretty fascinating stuff but we've got about thirty seconds left can he speak a little bit about where bitcoin uses mining and you guys use farming as i was taught all about we don't want to destroy resources so we don't want to use their which are successful farming is more a very good looking enough to teach us a precious commodity you're looking after a corpse that's precious commodity and. the ability to look off the data is something that should get a warped and so the north sort of. work is rewarded. and see for and so this is the farming mechanism and i think we're going to talk more about this farming analogy when we pick up this conversation that in part two but for now i've got to say goodbye so let me say goodbye to everybody out there that's it for this edition of the kaiser report with me max kaiser stacy herbert like to thank our guests nick

lambert and david ervine from a safe who will be with us for another interview if you'd like to get in touch tweet us a cause a report and i stand by. cross

talk rules and if you can jump in anytime you want. but you got a lot of sneering and negative press for your engagements here in russia especially for your public appearances with food and even though they weren't explicitly political you were just supporting sports one of the things that certain people who sheen has become very adept at is controlling the media for example right here c.n.n. do i think c.n.n. is you know completely telling it like it is no i seem to have an agenda i think through gender is is bought and paid for.

audio in reality radiation is still there and it is killing our children they are dying also hard conditions asked most leukemia but feel forty is not still hiding the truth for most still and i don't know why don't they have children on their own because you heard so much to know it up to protect our children from this. choose your language. week over though if there is still so much excitement i'm sure it's risky to choose good news but concerns can't. choose to opinions that invigorating to. choose the stories that impact your life choose b. access to to off.

i asked ray. in december two thousand and ten. more likely to be raped in college and in the real world. i don't think people did that to each other when they knew each other i thought rape was a stranger in the bushes. girl complaining about the son of an alumni. millions of dollars in the school why listen to somebody who's going to lose money at the school of schools that make money based decisions are much more common than they would ever admit publicly. i marinate join me. for impartial and financial reporting commentary

interviews and much much. only on the bus and. convoy humanitarian aid hence from russia to ukraine's blockaded city of lugansk after moscow in kiev agree the red cross led mission also. police fired tear gas and iron range grounds in the u.s. state of missouri in a second night of street violence over and the police killing on an armed a black teenager. the u.s. is just saying weapons to kurdish militia in iraq which are struggling to push back heavily armed islamic state job. and why.