arguer i have a suspicion that this is the y2k nothing burger of twenty seventeen but let's get more insight but i also want to say before we go to jeremy who is our guest i do want to say another issue that we are going to address in this episode of summer solutions as a twenty six minute episode with jeremy we're going to talk about what the important thing to understand what this fork is and what the block size debate is about is what is big queen itself what solution is it offering to the global financial system so if you can understand that weather is supposed to be a better visa a better pay pal a better gold what is that actually i'll actually answer to the old justin about whether it's a store of value or a means of payment and as a means of payment it hasn't really caught on the number of retailers actually in the world the something big oil has dropped according to a morgan stanley report but as a store of value it's caught on spectacularly people see this as a safe haven currency and they're plowing into it and the prices skyrocketed but

the y2k fake problem as i like to think about it i think this could be a way to expert in on the. welcome back to the kaiser report this is the summer solution. to the emergency alert system a rig from i mean you know emergency management agency harrisburg. yes we go up to here by me so faint blue man and say these agreements are bodies

improve man city and by tyrants to take over between which i always behind a car so all of is needed me to be for man did this for me between the minor seven between bowl regular users of big clients and that brown is to be a hard for the road and it's a whole host of these here it would be time. to feel a young again to be into a day mention alpha and hearing it through new roads minus we have choices about what to my and b. couldn't corps we try to keep the community on track despite all of the distractions they wait a minute you know something that's interesting that there isn't a corporate agenda to take bit coin over i thought that bitcoin was resistant to being taken over we've heard about the fifty one percent of taxes to be getting a bit coins existence but is this the same thing as

a fifty one percent attack that we've been hearing about for the last eight years now all night so the for it to sort of pressure he's being put to be calling. on other client to ditch the four completely yoda network that is being launched to by the end of the year it's a fluffy and actually very little crable the community as the smacked of the old it claims from the beginning of their you know all of the sort of drama stories of dossier and i told the salaries this week on faith foundation and all these people go around with these corporate. you know sort of course russia itself a free ality that he's not real and so so i think that yeah he needs case. we are looking at really. only to flee which the community needs to do or reunites also all that does it mean it's about improvements. between miners

and the users around yet it doesn't really needs to have a the stooges doesn't need the help of any of the. corporate to people if we want just to change for their own old and perhaps even if you don't create mind over it it changes that are we are foreseeing i mean a better second jeremy specifically the message corporations a corporate takeover let's talk about one corporation bit pay ok spend around sense the very beginning they are they position themselves as the kind of the pay pal bit coin that was their original pitch they are into this large block hard fork that's what they are proposing to do they have a lot of cohorts in this space the fake and the nakamoto krag right is also in this

camp so what as a corporation explained to may what. a company like big pay what do they gain from this why are they for this fork that goes against the original of the coin jeremy. any speaking de cuisine impre mine. over to be to propose clients they could pre-modern a part off the coins thirty operate today hearth for. the sound ethical doesn't i mean that sounds completely outside the scope of ethics i mean doesn't that get rid of all there's a limited supply of bitcoin it's digital ball concept airmail yeah it's it's not what a load of people got together to make the system survive very very to create or and to so popular for starting value so well what we really can't really

security for see beyond pressure he's be to main beat pay you know use compass they're trying to to create the next to the next fund about because it is be aware that in the coming months if not months there will be a lot if you stop eating meat coffee and the larger portions of value that anyone is storing using because they should not be transacted it would be much safer to stay put and see what to really happen seem to sort of be negotiation between. communities and it shows your side fully loaded a user community full of do be quick or community especially to understand that the want to be a larger society or would say behind because it is this trying to do beyond that they're being thirsts their commercial interests or for an overhaul there carol can

we roll back a little bit and so we're off we're talking about solutions you know because i mean appears to be in need of a solution otherwise what is this whole block debate about can you explain what is the problem that needs a solution and what are the solutions on offer to that problem. so their solution is clearly booming to propose this segregated weakness which is show up in a device a week and say we don't know what we don't number sof the words because these movies are also not parents to just the eight it scope so it we to easily get all the men to be cozy blanks to put some of to make a dot that the inside of the block inside are not the sort of a star general of the place which is close to weakness so adept at these we like in the clothes and we know more so allow a lot more features going into action in the action of privacy for the user so we

can these people to ease them into the many of the people that have study not only the yoga but also the practice of be could he said it's there and they shouldn't be put in court or put forward as that will change and i personally have a woody so i do because i mean proven proposal was don. it's actually accepted a post being a planet of change so where boom meant which implies a soft for at changing that clients and also in the minors that need to do are except this sort of format off story and exchanging in very fine ways going on to meet quota for so he sucked for pests only meats and he said to democratic ok so people are asked to step out eat and do network this month or so that we can know we charted notes that actually sat and wants to go on that day action and there are actually gates now one of the first set deadlines it's for them so as passed just

today to assess that ginty who actually activate a soft fork where it said wheat was expired on the fifteenth of july and we're looking now at the end of july for the network to actually act and this step in. the usage of nice new no time for default no i'm talking for the people that actually run a food not of corps on a network so it is a democratic approach that it could court about a person taking the democratic a bunch of say ok is there enough to become us to spec on the sink movement and if not we try to make a way or more and more people on how this is needed this is going to make today also our best this future development and doesn't make it necessary to be good but also because if we threesome spacing to last and again if we allow quite some some

piracy this shows how us that we look at to also is in case does improvement is not actually adopted it doesn't keep seeing then their national us in which the network may sleeps because we are not all agree on what should be happening at the moment good morning to this specific days a lot of. discussion and debate between miners and what that defined what our users know my nurse sort of against the d.s. the segue to kicking and. regular users actually saying we've also right to vote on peace and we start using plants that only accept wheat and that if they were meant to do the sonny itself with their crony you were a s a s f which is user activated that saw for so what we are seeing in the future is not

a corporate attempt to take over because again that he's always behind every car and we we are shown the community is strong enough to do a stand that one but it's also not tips to. find consensus we need a community right ok it's our mail going to take a break but we're. right back to continue this discussion go away morricone away right after this. lady's and gentlemen antti round you want both the international aviation and space on twenty seven thousand will lose your seat been enough current position. and there are no remote control you are needed for the marching bands twenty seven thousand disagreed with innovative technologies and crafts and the greatest

achievements of the aerospace industry during racks the reason will be offered simple. and really true mission along with the stunning that our advantage sure. do not switch a few of our tonic devices used to share your experiences on social media we wish you constant viewing. in the us a child can choose a nominee course in school. with a retired officers as teachers we don't. recruit will says to if the cadet is interested in going in the military but we don't recruit ourselves. the pentagon is funding a program to boost interest in the military among teenagers your chance to step up

to an apollo so that they quite comfortable with yourself. think you are yourself you can't go wrong with the water it's a great stepping stone for whatever career you want to do but some veterans are willing to tell enthusiastic children a little more they ask me call of duty is a very popular first year video. it's place. like call of duty turn off call of duty oh yeah. a lot of these kids just don't hear. the darker side does the pentagon know that all of them to be told or does it just need more recruits. to make this manufactured consent to public will. when the ruling classes protect themselves. in the final.

we can all middle of the room see. real news. organizations are very sophisticated and they function very much like a global corporation they have different components components that engage in money laundering and you know that can only security forces that can only not been forman's. welcome back to the kaiser report i'm asked as they're with stacey everett we're talking to jeremy l. in amsterdam he's a crypto connoisseur or he's

a bitcoin maniac he's an early adopter he's well respected in the community he's telling us all about a hard for which i suggested could be a title for a porno film and soft forks which could be a disney film that's my contribution to this discussion so german let's continue with hard for a software arc and the august first deadline where we might have to change two versions of bitcoin and would that ultimately put the you know let me let me rephrase the question you know i was i was reviewing the wiki pedia page of roger vero but going jesus. in that page you know what if it is reason to be adamant about the large block size debate he believes that bitcoin has a window of opportunity but to gain wide scale global adoption before a state comes into the mix creates their own version and steals bitcoins

thunder in other words he believes that there's a time element here if i'm i don't want to i'm just paraphrasing that my interpretation of what i read here this is not well taken verbatim from what his words this is just my interpretation of what i read but is that a valid point or one that you know to what extent is there a point to be made there and roger vera certainly a pillar of the community going back to the early days your thoughts. were i think it's three year we went to you know put forward very odd funerals for thinkin doll. shall i say that is so fundamental to the community. because we didn't go for . conquering more territory should go for resisting and making its own territory more softly it's my opinion he's not about conquering another he's more knowledge dever alley out into. into what dangerous thinks he's cooler today

and. also that the words are barack and mary to quote because i did it wait. for sarah but i sit there we said we did a problem source capability is way more refined than just saying let's increase the broadsides and they have demonstrated these we go out of water and modesty and less fuss and then you know as they are asians like bees that play a even i gaze dangerous stuff to be could a community at least in mind or being right while in the case of life which adopted segue it was a boom for the coin and market capitalization was higher and you know like coin is a very it's own it's not a clone of bitcoin but it's the properties of it are almost i guess a parallel to bitcoin except it's got some attributes of people like faster block

times etc so why don't why isn't the argument simply like light going did it work great let's do it because i wrote ya i totally agree with his argument be construed actually keep the people we should join in urana say we know to be forty end of them on fire on a full note that you know good to be not so i recommend that if you don't have so much venue to do with and he's thoughtful not let's go inside wait and i think that lifeline is a very respectable one of the earliest most successful forks off to be quite cold and as there was three did a lot of success in the just for good option of the community and i. in a future from saying we come even more success for for like corn because it really improves a lot of aspects that have been studied three years so again that say wait there

are no many arguments against sending wheat from the point of your son to create colder knows what we're talking about we're not entering into specifics now i will say three month couple that we find so much worry about an improvement like these but it's also one of the first times that we may look at the heart for we have to work towards not making our fork and and i would already start looking at what we can improve in the sort of processes to make them less their wealth reach us in the future and just look at what is really the result perhaps by the best naptime other clients and learn from the experience as well as you mention it's worth it to look at others that have adopted these sort of improvements on the network be smaller or whatnot and one category boom and i like to say also about say wheat is that it may really be easier easier day expendability of. so all those are

a lot of interest into this leaping off block chicane peer to peer known strictly financial you rate it systems and i think there ought to be claim being seen by far not just. launching running toward it can really responded to many of their requests that in the suit would forward by complying with a more sophisticated discreet language for our four divisions of law change so there you go again another theme that segue to spinning. to being this three and it doesn't relate to you know bigger block sizes or or. or feeling fear or more fear about the future if we don't do easy for we don't do that following a company or another. commuting is easy but because a manifesto because these are whooshing past and we don't need to who to trust the

more people to get bigger and better we just need to press ourselves and i don't know where else and in these strains is the moment in which the community can start seeing ok well there are so many aftershocks who are we are we going to run our third dream or are we going to recertified constantly date what we have and proceed to wete the legacy that we have which is to be quick or implementation i would say it's florida jeremy the thing that's amazing listening to you and max talk is easier talking about all of these innovations all of these core developers all of these you know if there's a problem with bitcoin and block size that people invent things like segway or segway to x. or even bitcoin a limited and they're ok that's gone by the wayside but all these ideas and even a bit calling itself did not solve the problem or had

a problem people thought they invented all these other coins. all of this happened without intellectual property even bitcoin was given to the world bird than to the world so now we see in the past week or two the introduction of the very first patents being awarded to the likes of goldman sachs for satele coin so they're into it they're entering the space the corporate world that we you talked about as well the corporate world says innovation doesn't happen without intellectual property rights all of this huge space that's mind blowing revolutionary space a big point happened with not one single patent being awarded what do you think this introduction of patents will will it patent actually helped bitcoin will it help make bitcoin great again or will it be the demise of it. should not contemplate and he tends. to do this believe.

it's ethically and contribution to collectors or property and you're really right stacey that i use the most significant thing that we can all week next week to week to do last seventy years now of of growth of this movement and also to get it is investing to eat the most fantastic team you that he does growing without patents i like the idea that popped into wars between continents even europe and us being that significant you want to buy that through some put movement so far in europe software patents are not bad and there it would be good for developers who want to you to a therapist companies around because in some future you know there are other nations or other jurisdictions may really contemplate francine after peyton's because most of the big and strong it's. fairly owned corporations that are

usually filing their patience in us. highlighting morrow your center of emperors you know it just reminds me of disco ok so. you know funny guy goes. to two foot four it's painted from a school unix does these sort of things you know to the os then we must such let's take a look at the goldman sachs patents for settlement coins subtle coin so this is an attempt by goldman sachs to hijack the price of sky every mechanism of it going if you can hijack the price discovery mechanism by introducing a price through settlement coin you're going to put the other exchanges the independent exchanges out of business you're going to monopolize the prices cover a and then you're going to be in a position that let's say the big banks are in relation to gold and silver they control the paper price the matter what the demand is for gold it's skyrocketing as a high spend ever but the price doesn't move up because the prices governs

controlled by the paper market this is what goldman sachs wants to do they want to create derivative of paper market prices government that as i'm to put the independent changes out of business and to control this space do you agree or yes i know the next thirty days you will miss matters but it makes a lot of sense and i have one more question following on this in terms of innovation a theory i'm. there with supposed to be the flipping that didn't happen it was supposed to overtake bitcoin what is the reason for it theory why should it exist what do you think of it its role in the crypto ecosystem and its role with these initial coin offerings. well a perrier me sir is begin the study for your argument deemed genesis of peer to peer technologies seem to block a space is not the only one i would define his second generation and their peer there by their weird same time if any steal you betov there weren't sand it was

very more complex since the very beginning where the cops. sort of interpretor languages that karen scripts so neat it was all there marketed completely over marketed everywhere to be dissolution to everyone's problems the computer will run a war. all india's sort of exaggerations know what ace we can look at it as an experiment that he's led by main charismatic and knowledgeable fear we then it would really know who is speaking decisions almost unilaterally about eight there was a fake vote about their haste off the doll and that was completely fake to have any. part of it they are missing the hands off a few people that are running very interesting experiments and a was. backed off keeping a price nope because that is adoption for them if you want to

run it their contract if you want to use the computer you have to pay their own corns now is very different from equinoxes of a proposition so there is not a long term interest in keeping a value hi there oh should be no to easy to ease their adoption and use of did it computer so it would be a constant pump and dump actually speaking that's what i believe it will become because you know there is a moment in which the price skyrockets week i see oh sweet dreams be don't be quite which he can become famous and then those that are making beats going south some and cashing quite a lot. oh. i.e. i've. got to cut it off they're out of time thanks for being on the kaiser report thank you must thank you stacy and to the next episode ready that's going to do it for this edition of the kaiser report with me thanks guys or and stacy everett like

to thank our guest jeremy l. if you'd like to reach us on twitter it's kaiser report intellect. i really think that liberal democracy is in deep trouble it's a deliberate democratic politicians that sort of created their own soul of what matters and they're leaving out more and more in the larger historical sense i would say liberal democracy has really reached its limit. credit is one of the basic instruments to drive an economy but it can also lead to tragedy i did i took a line the whole gist i came to god and that that the text i came to god and in the

spiral not. many lives have been broken believe excessive to the banks got you into trouble and all the big bankers got big price to. go by the banks but i just didn't think of. the last morning through the back under don't buy creditors people see no future bad things can happen you know you become ill you do job your relationship breaks down you become a casualty is a lifelong trauma or is there a way out of those actually come to a bit of know would want to do to build. a few more.

imagine being six thirty five and you have a career and career involves using your eyes on your computer and things like that being in an office. perhaps you sort of get into that circular. you could have to stop doing all this and this is how you lose them here must be from my world became smaller and smaller and smaller until i ended up living it and box. a very strong magnetic field. in my head. like a real heart pressure my skin burned and that wireless access point. just continues on saying with our students in the schools. we are just continually

our citizens in this microwave radiation it is certainly electoral small and it's getting worse. for headline stories. germans are not safe to travel to turkey threaten to economic retaliate following the arrest of several human rights activists relations and you locals. expose them vulnerable the turkish news agency publishes a mob of american military base locations in northern syria sparking concern in washington. trees and maze approval rating it's revealed that no other u.k. prime minister has ever been so unpopular in the polling a general election.