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international but coming up next would be the. welcome to the kaiser report imax kaiser oh it's so dramatic it's script it's happening now it's in real time it's phenomenal stacie what is this whole thing well of course we're still in the summer solutions that max and there are many solutions needed for the crypto space of course because now we have this big block sized debate it's been going on for a few years but now it's actually open towards some say and there could be a fork that could be a hard fork that could be a thaw fork there's so many different issues going on in the next week or two general back in the one nine hundred ninety s. during the dot com boom we had something toward the end there called the y2k which was this big phantom menace that plagued the dot com industry for months and then

it came and went and it was a big nothing burger i have a suspicion that this is the whites who came 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 the big coin 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 know that you have so much of the oh gosh of 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 point is 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. and the prices skyrocketed but the y2k flake problem as i like to think about it i think this could be a way to else get us expert in on this jeremy l. welcome back to the kaiser report this is the summer solutions up a soda making bitcoin great again apparently bitcoin has a block size problem to figure out how to fix it of course we have to go to you and answer them i do in i.e. they see it well well there are two with going ahead for awesome now first there was the block size war then there was segway it then there was a segment to x. then there was u.s.a.'s after the user activated soft fork now explain what's happening over the next two weeks as we may or may not see a hard for sounds like a porno film or a soft fork sounds like a disney movie how do we get there. yet we go to here and buy me so

faint blue and say these agreements are bodies in blue man city and by tyrants to take over be cleaned which i always behind a car so all of it is easy to. be for man did this for me issue between a minor seven between simple regular user so be it clients and that. 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 hearing to new roads minus we have choices about what to my and be quick or we try to keep the community on track despite all of the distractions hey 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 isn't. the same thing as a fifty one percent attack that we've been hearing about for the last eight years now all night since the for it to sort of pressure he's being put to be clawing at a nice case if it's an other guy entered it should fork a complete yoda network that is being launched to by the end of the year it's a fluffy and actually very little crable the community at this moment of the older planes from the beginning of their you know all of it sort of drama stories of. the salaries these could fake foundation and all these people go around we cooperate. you know sort of construction so free ality that it's not real and so so i think that yeah east case we're looking at really.

only to flee which the community needs to do or reunite also all that does it remain so fucking performance. between miners and the users around it because it doesn't really needs to have of the stooges doesn't need the help of any of the . corporate to people if we want just to change be calling for their own or it was an old and perhaps even if you don't create mind over it it changes that are a bit we are foreseeing i let me know better second jeremy i asked is specifically the measure of 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 big 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 that suppose he nakamoto prag right is also in this camp so what as a corporation explained to may what a company like bit pay what do they gain from this why are they for this fork that goes against the original of the coin jeremy well any case speaking de cuisine impre mind. over to beat one proposed client 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 three eight or

and so popular for also starting bad so well what we really can't really thirty four see beyond the pressure he's beat to main beat a compass they're trying to to create the next to the next funded about because it is be aware that in the coming months if not months there will be a lot if you start beating the corny and the larger portions of bad you that anyone is story using because they should not be transacted it would be much safer to stay put and see what really happened 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 the easy way out to be able e.g. how the larger society here would say behind because it is this trying to do beyond

that there being pests there commercial interests who are of. why don't or i hope that carol can we roll back a little bit and so we're off we're talking about solutions you know because 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 boom and propose this segregated weakness which is short the need to buy say we and say we don't know we don't number sof the words because these movies are also not parents to just thirty eight it's hope so if we to easily put all the men to be cosy plans to put some of to make babies inside a block inside they're not a sort of a sergeant other place which is close to weakness so adept at these we like in proper clothing and we know or so allow

a lot more features going into action in the action of privacy for the user so we can these very simply to ease men today many of the people that have study not only the yoga but also the practice of be could he said it's there in dish and that because color put forward as it will change and i personally agree with you so i do because i mean proven proposal was dawn. it sexually accepted the post being our planet changed to where who meant we should improvise a soft for at changing the clients and also in the minors that need to do our except these sort of formats off story and exchanging in very fine ways going on to meet quota for so he sucked for pests only meets sex a democrat because he saw people are asked to step o.t. and their network is month or so that we can know we charted notes that actually

sect and wants to go on that day action and there are actually gates now one of the first so deadly. that's sort of them so as passed just today to assess that but didn't he who actually activate a soft fork where it said wheat was expired on the fifteenth of july and we are looking now at the end of july for the network to actually act and this step into the usage of nice new no time for default no i'm talking for the people that actually run a food not of bitcoin core on a network so it is a democratic approach that it could court about taking the democratic a bunch of say ok is there enough to become us to step on the scene movement and if not we try to make a way or more and more people on how this is needed this is a movement today to also have a esus future development and doesn't make it necessary to bigger blocks because it

flew three some space in the last and again if we allow quite some some piracy this should i use 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 their 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 the miners sort of against the d.s.d. say wait to kick in and then regular users actually saying we've also right to vote on these and we start using plants that only accept weight and that is that what we need to do the sani itself with their crony you a s a s f which is user activated that saw four so what we are seeing in the future

is not corporate to. text. again betty always every week we have shown the community is strong enough to. but it's also not tips to. find consensus we need to write ok it's our mail we're going to take a break but we'll be right back to continue this discussion don't go away laura coming your way right after the. boom. in the u.s. a child can choose a nominee course in school. with retired officers as teachers we don't. recruit

will says to you if the president 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 their talents to step up to an apollo so that answer a point comfortable with yourself. things out of your shell 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 game. it's play and that's because the military like call of duty to turn off call of duty oh yeah or you can turn off more than a lot of these kids just don't hear. the darker side does the pentagon allow them to be told or does it just need more recruits. in case you're new to the game this is how it works now the economy is built around

corporations corporations run washington the washington post media the media. voters elect a businessman to run this country business equals power you must it's not business as usual it's business like it's never been done before. here's what people have been saying about redacted in the night with your position is full on awesome i was the only show i go out of my way to launch you know a lot of the really packs a punch oh yeah mr john oliver a hearty america is doing the same we are apparently better than the flu vaccines that some see some people you've never heard of love redacted tonight i'm president of the world bank so patzers was right when it seems like he sent us an email.

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 is a bitcoin maniac he's an early adopter he's well respected in the community he's telling us all about hard forks 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 germany has continue its 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 of a are 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 to to gain wide scale global adoption before a state comes into the mix creates their own version and steals bit coins 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 that you know to what extent is there a point to be made there and roger very certainly a pillar of the pickling community going back to the early days your thoughts. where i think it's through your weak argument to you know put forward a few notes or think and i want to show us that is so fundamental to the community . because we need to shoot in goal 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 who thinks he's cool today and they're gonna date on most of that target barack and i read the 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 war and modesty and less fuss and then you know as they flourish and that play a even i gaze dangerous stuff to be quite a community at least in my or being right while in the case of life going 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 dead it worked great let's do it because i wrote her yard i totally agree with these are going to be construed actually kiki people we should join in urana say we know to be forty end of them on fire on a full note and that you know who to be cannot so i recommend that if you don't have so much venue to do with and historical knowledge let's go inside wait and i think that lifeline is a very respectable one of the earliest most successful or force of to be quite cold and as their history did a lot of success in eat just forget all. of the community and i think that in the future from saying we come even more success for for like corn because it's really

improves a lot of aspects that have been studied three years so again that say wait there are no many arguments against same 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 months of all 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 out for 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 their network be smaller or whatnot and one category problem and i

like to say also about second week is that it may really be easier easier day expendability of. so all those are a lot of interest into the sleeping off again peer to peer peer known strictly financial you rate it systems and i think they ought to be clean being seen by far not just. launching running toward it can really be responded to many of their requests that in the suit would forward by complying with a more sophisticated discrete language for our four divisions of law change so there you go again another theme that said wait is bringing. to leave it would be in the street and it doesn't relate to. you know i'm lost sizes or or fear or more fear about the future or if we don't do we don't do that following

a company or another. commuting is you could be going money fast so. because he's going to shipping cost and we don't need to know who to trust him or people to get bigger and better we just need to press ourselves and i don't know where else and in these. moments in which the community can start to seem ok. there are so many attacks who are we are we going to run a third dream or are we going to really sort of defy 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 full of 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 unlimited and now ok that's gone by the wayside but all these ideas and even if bitcoin itself did not solve the problem or had a problem people thought they invented all these other coins that all of this happened without intellectual property even bitcoin was given to the world birds into 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 settled coin so they're in 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 this mindblowing revolutionary space a big point happened with not one single patent being awarded what do you think this introduction. of patton's will will it pass and actually help bitcoin will it help make between great again or will it be the demise of ed. should

not contemplate any pot and getting into this believe me it's a rockets it's ethically and contribution to collectors or property and you're really right stacey that is 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 invested in to eat the most fantastic team he said he does growing without patents i like the idea that popped into wars between continents even he were paying us and being that significantly wanted by the free software movement so far in europe software patents are not a bad deed and perhaps it would be awkward for developers that want to be it with arabs companies around because in some future and other other nations all other

jurisdictions may really contemplate francine after peyton's because most of the patients thralls. fairly all want corporations that are usually filing their patience in us and they are hiring more lawyers stand of over. are you know it just reminds me right off the score case of you know finally go see. two two four four it's painted from the school unix does these sort of things you know to the os then we must treat them as such let us take a look at the. patents for settlement coins subtle point 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 end up . and 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 it's a high to 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 a paper market prices cover mechanism to put the independent changes out of business and to control this space do you agree yes i know the next thirty is your first but it makes a lot of sense and i have one more question following on this in terms of innovation a theory i'm. supposed to be the flipping that didn't happen it was supposed to overtake bitcoin what is the reason for its theory why should it exist what do you think of its its role in the crypto ecosystem and its role with these initial coin offerings. well a patio me search is beginning the study for your argument deemed genesis of peer

to peer technologies seem to grant him space is not the only one i would define his second generation me to appear there by your 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 care on street so neat it was all there marketed completely over marketed everywhere to be dissolution to everyone's problems the computer would run a war. all india's sort of etc ations know what ace we can look at it as an experiment that he's led by main charismatic and knowledgeable fear we've moved early in who is fifteen decisions almost unilaterally about eight there was a fake vote about their haste off the doll and that was faked or

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 time interest in keeping an eye on you hi there oh should be no to easy to ease their day they had option and a use of do it a 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 beat quite which he can become fables and then those that are making beats going south some and cash in quite a lot. oh. we're going to cut it

off their route of time thanks for being on the kaiser report thank you must thank you stacy and to the next episode already that's going to do it for this edition of the kaiser report with me thanks kaiser and stacy i would like to thank our guest jeremy l. if you'd like to reach us on twitter it's kaiser report until next time i go. to war zone you on the idea that dropping bombs brings peace to the chickenhawk forcing you to fight the battle is going. to do soft credit tell you that will be gossip and public works.