safe and then a way that is aligned with their fiduciary responsibilities and just tell me from your perspective for our own medical one in particular is it your goal to have liquidity not just your own liquidity at omega one as an exchange but then too i think the word you use is harvest liquidity from veriest a digital currency exchanges around the world so ultimately you'll have unparalleled liquidity which will create a better price discovery that is better actual prices for investors and that's how it's going to work yes so the way i make one works is exactly that we're going to be. liquidity pull ourselves for all of the members on a major one will be a a hybrid decentralized exchange and say will those words man and then it but if someone comes to trade as a member on our exchange and they don't find matching liquidity in the exchange immediately we're connected into all of the other crypto exchanges in the world and

we just harvest the liquidity at cost price and serve it up to on them so it won't cost members any additional transaction fee except to that is correct as to when you harvest that liquidity that's correct if they match on our exchange they'll pay a small fee but they'll be getting a better price than they can anywhere else in the market because one that should mid-market otherwise if they match out from the public exchanges we're going to basically poss that through a cost so that will end up probably being cheaper for most people because will have better pricing on those exchanges than they will time after a quick break but stick around because when we return we'll have more from the world economic forum in davos switzerland and here are the numbers at the closing bell.

zia says harlan kentucky the. whole goal of this group the employees people will go straight from you only. a co money city with almost no coal mines left. to jobs or grow all the power was said. that it was love to see these people the survivors of a wool disappearing before their own eyes. i remember thinking when i was younger that if anything ever happened to the coal mines here that it would become a ghost town but i never thought in a million years i would see that and it's happening it's happened. what politicians do something. they put themselves on the line to get accepted or

rejected. so when you want to be president or injury. or somehow want to. have to do like to be for us this is what the four three of them all can't be good that i'm interested always in the waters about how. this should. if the security him and political polarization comes but if they come back then that will. provide the right circumstances that i can buy them in for the four eyes just good image again. as read stand and hear from us and. move on what.

i know that i don't know was true but there are rather a profit off the for fourth of america as a. family and that compared to what i'm such a man you can keep an eye on what i don't feel is a child with a profile that it is living. below the now modeling monisha little subtle. mind. set up around the hey i know innocent. get this whole food place choice the i knew you didn't fail to chime in syria has said. pretty she ought to have a. model for that in africa will fuck around with mr hates it for jim and then boil for folks that are familiar for. the money.

which in gears for just a second single family home sales fell last december to much lower levels than expected sales saw their single largest drop in more than a year and a half this is likely from the boost of replacement houses built in the wake of the hurricanes that ravaged the south in twenty seventeen economists estimated that the housing market would drop around eight percent instead sales numbers fell almost ten percent last december after sales grew by nearly seven percent in november this comes as jobless numbers also surprise many the number of jobless claims rose to around two hundred thirty three thousand still staying below the three hundred thousand threshold.

are just before we went to break parts sat down with alex gordon brander the c.e.o. of a mega one to talk about the history of the block chain and the future it might have now here's the second part of that interview alex the you know the theme here building a consensus in a fragmented world if you're at davos the world economic forum how does block work into that how does this figure in the digital economy into what is a pretty fragmented world won't take that on a couple of levels the you know the all of us sort of you know. it was a lowball question there is a local answer there is that the block chain itself is a consensus mechanism the entire point of the block chain is a way that. actors in a distributed network can achieve consensus and the the real power of it is even if

up to half of the act is in the distributed network a malicious act to trying to break it the overall network achieves consensus so from purely technological perspective that's not sort of the question but of course you know alex technology is america all of our sociology and our interactions and so the very protocols the enable technological consensus are also mechanisms to achieve a kind of social consensus you expand on that just a little bit up to this point in history. really governments in all states and corporations have been sort of the primary modes by which human beings have been able to come together to achieve common aims and the very nature of both nation states and corporations is that they are

internally cooperative but externally competitive and there's a kind of. win lose dynamic the isn't naturally the case in sort of either nation state or corporate interactions what the blotching does is unable different kinds of social mechanisms to come together so you know i'll take an example of a protocol coins like file cloying. which is a a protocol where people share their spare hard drive space for other people who want to store their files. here is a mechanism way a community of people come together around a common purpose that has no corporation around it has very porous boundaries people are investors in that work by the two also being participants in the network

and this and this you know this is a very specific example but this can happen around community organization around social organization around around the world when you bring together the different mechanisms for humans to interact socially and create consensus that have co-operative a network effect dynamics rather than competitive dynamics there is a really an opportunity to reshape the whole social fabric of humanity alex gordon brander c.e.o. of omega one rock star. here really appreciate your time thank you for being with us are they pleasure thank you so much. that one of the few things more exciting than the history of black chain is the future of botching and its potential to grow and help around the world for

a closer look at the heights that block chain might reach bart managed to catch up with don tapscott author of the book block chain revolution check that. and you can guess where we still are and we are most fortunate to be joined by a bestselling author he's written sixteen books including one we're going to discuss today blocked chain revolution we're joined by don tapscott done thank you so much for being here happy to be here and don can you put sort of block chain in historical perspective with regard to other technological innovations many of which you've written about over the years by the way how like to think about block chain as this is the second era of the internet so for forty years we've had this internet of information and when i send you some information like a power point or a mail i'm actually sending you a copy and that works great for information but when it comes to things that really matter for the economy assets things of value like money or stocks or bonds or

intellectual property or loyalty points carbon credits music art votes sending a copy of those is a terrible idea and so. well and also if i send you a thousand dollars it's really important that i don't still have the money you know i can spend it to send it somewhere else so cryptographers of called this a double spend problem and the way that we handle this in our economy is through big intermediaries banks governments credit card companies social media companies and they perform all of the sort of business and transaction logic of every type of commerce they identify who you are that's really a dollar they clear and settle transactions they keep records and they haven't been doing a very good job especially since two thousand and eight when the core modus operandi of wall street almost brought down the whole global economy and done who you think

will be the early adopters which sectors of the economy folks around the world who are going to be the ones that sort of embrace block change first well. it started in the financial services industry for good reason because that's the industry the deals with money and a lot of these assets and when you think about it the whole banking system is kind of like this rube goldberg machine you know this american engineer developed all these ridiculously complicated machines that would do a really simple thing like open a door crack an egg well you tap your card in a starbucks and a bunch of messages go through half a dozen companies each with ancient computer systems and then three days later a clearing and settlement occurs well if all of that were based on a single discriminated leasure there would be no three day settlement period because a payment a settlement is the same activity and there would be no counter party risk for each of those come that's what almost brought us down in two thousand and eight there

would be no cost there would be no delay so the banks look at this and they think on the one hand this is a big threat this could disinter media a lot of what we do but on the other hand they think you know maybe this is also an opportunity not just to streamline the whole banking system but to start to create a whole bunch of new financial services in new customers done can you speak a little bit about the developing world at davos here we're we're all about not just the industrialized countries of course but how is blocked chain set to impact the developing world with regard to either the unbanked that we hear about a lot or others and helping world there are two billion people that are excluded from the global financial system so they're really part of the economy and in fairness to the banks it's not just because they can make money off them it's a lot of these people don't have an identity but they've got a super computer in their pocket so we can instantly use block change to bring them

into the global financial system they won't be dealing with the bank they'll be dealing with all kinds of peer to peer financial service. as for collaborative lending and other stuff and you can just see an example of that venture capital in the last year has been completely turned on its head through these initial coin offerings which are bought chain crowdfunding campaigns they raise more money for early stage companies that all venture capital in the world so that gives somebody in africa an opportunity to get access to funding and that's just the tip of the iceberg then you've got big issues like land titles seventy percent of the people in the world won't in the developing world have one land don't have a valid title so you're in honduras and there's some dictator comes to power says i know you got a piece of paper says you own your farm but my government computers as my friend owned your farm and this is happening or that actually happened and you put land

titles on to a block chain this is in the mutable ledger and no dictator no you know corrupt low level clerk in an indian land titles office can mess with that because these systems are infinitely more secure than the kinds of computer systems that we have today the way i like to describe it is a block chain is a highly processed thing it sort of like a chicken make nugget and to hack it it would be like turning this chicken make nugget back into a chicken now somebody may be able to do that someday but for now it's going to be tough so those would be. two examples there are all kinds of others and talk about specifics with regard to some companies that are really engaging in using blocked air b. and b. you know is one perhaps lift others well. these

examples are part of the so-called sharing economy this is not a term to describe them because the reason they're successful is precisely because they don't share the. hagrid gate all these services together and then they sell them and that's created a what seventy five billion dollar corporation called google but what if google or air b.n. b. were just a distributed application and a bunch of smart contracts on a block chain so you're looking for a place and in the world economic forum which is tough to start a good thing to start right now for next year and there are these places available they all have ratings because a blog chain is a big kind of ledger it's a database you click on the one you like to come back here a year later you open the door the smart contract initiate a partial payment to the owner you like the place you leave you shut the door the full payment is made you're rated five star and nobody can mess with that unless they can turn the chicken mcknight get back into a check and all of this is done by software so what happens is that all of the

owners of rooms and coaches and so on apartments sort of become a cooperative and you create a real sharing economy don tapscott author of block chain revolution and if you all want to read about it you can read about it in the new york review of books it's a fantastic review it's just out done thank you so much for being with us ok much resolution. all right that's going to do it for me here in d.c. but be sure to join us tomorrow as we bring you more action from the last day of the world economic forum including a speech from president donald trump the first sitting u.s. president to attend the conference since bill clinton back in two thousand and three watching i'm going to channel it send it over to bart for his final. that's all for now check out boom bust that youtube dot com boom bust r.t. see it tomorrow from davos so on.

yes i was putting up with a large couple of you please. help me in the world and also mention i believe the words will move the young and we will all soon but you know one of the things going up and we push it out so. you can find you. can move into the middle of the scots move you the poops believe you know t g. u z should resign you to the stage. you will know the young french. and the proceeds go to the irish do you can you get other counties something you. did to miss all my suspension of us.

dollar is america as it actually is it a bomb over the fantasy child is reality and he's doing what you'd expect a seasoned businessman to do cut all the nonsense out of the mix bring jobs back. apply for many clubs over the years so i know the game and sorry guys. the ball isn't only about what happens on the pitch to the final school it's about the passion from the fans it's the age of the superman each a billionaire owner spend spend be true to the twenty million and one player. who it's an experience like nothing else not to because i want to share what i think what i know about the beautiful guy was great so what chance with. the thinks it's going to.

president talks economic success promotes his america first vision takes a swipe at the media during an address to political business leaders in davos. i believe in the goal was put. first america is roaring back his future has never been brighter wiki leaks chief seeks to get his u.k. arrest warrant overturned if his appeal is successful but more free from the ecuadorian embassy in london next month after more than five years old. the u.s. accuses turkey of. northern syria with its military offensive against the kurdish

militias for a safe there is a crisis of trust with. moscow every hour of the day this is our team international just after eight pm here this friday evening good to have your company our top story and we begin in switzerland for a tour donald trump has been speaking at the pro globalization world economic forum to a group of political and business elites the us president used his address to talk up his vision of protectionist trade policies tax cuts and deregulation as well as fulminate the media. reports. well probably to no one's surprise whatsoever trump's speech did feature his signature phrase of america first and his speech is actually rounding out the end of the forum let's take a quick listen to what he had to say i believe in america i will always put. the

first one the united states grows so does the world america is roaring back merica is a cutting edge john and that's what we're doing in america and the results showed one mistake america's future has never been brighter i will always put america first i believe in america to come to america where you can innovate create and build now that pretty much wraps up his whole speech which centered on progress that's been made in the u.s. in the presence of opinion since he came to the white house he touched specifically on the booming stock market on the recent tax reform that he signed and the progress against eisel he also went on to say that leaders should be cheerleaders for their own countries and that he's a cheerleader for the u.s. and that's easy for him because he loves the country so much now of course trump

being trump he didn't forget to mention the media during his time on the stage let's take a quick listen as a businessman i was always treated really well by the press you know the numbers speak and things happen but i've really had a very good press and it was until i became a politician that i realized how nasty how mean how vicious and how fake. the press can be as the cameras start going off in the back. now perhaps those booing at trump's comments didn't hear the recommendation that his transportation secretary gave to people earlier this week feel very flattered that he has chosen this forum. those that don't want to listen to him you can they can leave term speech was highly anticipated and according to reports lines were out the door hours before it even started and here at this economic forum trump in true businessman fashion used the opportunity to promote himself and his country.

what the week said or julian assange has launched an appeal to get his u.k. arrest warrant overturned if his legal challenge is successful he may soon be able to walk free from the ecuadorian embassy in london where he's been living for the past five and a half years bringing us more or less the see it. brewer twists and turns in the seemingly endless and extremely legally complicated case of julian a songe the wiki leaks founder has been holed up inside the secretary of embassy in london for over five and a half years now a crucial lawyer hearing has taken place in london today where a judge is considering julian assange his appeal for a potential lifting over the arrest warrant based off of his alleged breach of bill conditions back in two thousand and twelve now the latest understanding that we have is that a decision might come not sooner than a week from now the announce date so far seems to have been february sixth where we will learn more about the fate of the julian assange case if the judge does decide to rule in his favor potential new doors will be open for himself and his legal

team to consider in terms of how to move forward with his case and hopefully eventually get him out of this embassy here it has to be said of course that british officials have said time and time again that they would arrest julian assange were he to walk out of this embassy of course his concern was that he would potentially be extradited to the u.s. where he's not favored very much given the work of leaks that has been exposing some of the activities of the u.s. government and of course all of that said the reason that this situation unraveled kind of in the first place was because swedish officials wanted to follow him following potential alleged sexual abuse concerns now what is important is that those have been long lifted now so julian assange arguments in this latest case to have the arrest warrant lifted is that those have been dropped so any potential alleged breach of bail conditions should also be lifted crucially of course we have

to say that organizations such as the united nations have said that his detention is arbitrary and in violation of international law and dorian officials here in london have raised concerns about his potential well being seeing the situation of him staying holed up behind sort of inside four walls for so long is obviously not . according to them so lots of questions now in terms of where this case will move forward obviously what's crucial as well is that within the last month. officials have granted julian assange ecuadorian citizenship also raising lots of questions about the possibility of potentially him being granted diplomatic status which could make it easier for him to get out of the u.k. but all of those questions really yet to be answered as this hearing continues and now all eyes are going to be on what this judge decides in the weeks to come here in london. washington has accused turkey of destabilizing northern syria with its military incursion group is currently carrying out an offensive against the u.s.

by kurdish militia groups there and is pushing closer to positions held by american troops turkey is seeking to clear the border area of what it sees as terrorist forces there so the u.s. state department has commented on the situation people now have to flee an area that was previously considered pretty stable and what a shame that is think about all that this country has been through and now we're looking at another destruction in northwestern syria because turkey has taken its eye off the ball isis and going after. at this time. the weapons have been provided to the white b.g. by the united states the americans haven't kept their promise since. lately trump statements saying that they won't give any weapons to the white p.g.a. any more and then saying that we are not giving them any during last night's telephone conversation have created a crisis of trust. will the phone call mention there by turkey's foreign minister has also been

a source of tension with unkrich claiming what was discussed has been mis represented by washington. president trump relayed concerns the escalating violence in africa syria risks undercutting i shared goals in syria here to turkey to deescalate limited military actions and avoid civilian casualties the white house statement about the content of the phone call between trump and dick and were probably drafted before the conversation took place because it did not reflect the truth or washington d.c. correspondents american looks further now at the worsening relations between the two nato allies no matter how many times washington says on corot ally the reality is far from it as distrust between the two grows stronger u.s. turkish relations are headed south. turkey is an important nato ally we understand fully understand turkey's concerns should go to.

america is in the process of creating a terrorist. america do not encroach on a border do not provoke cos we will run outs of patients this has led to consequences on the ground in monday's the turks and the kurds came so close to each other they were almost at each other's throats and then washington literally had to step in to prevent them providing but no lessons learned clearly especially considering the turkish campaign against the kurds in a free right now. don't be friends with kurds if you want to keep good relations isn't the only signal washington missed. the coup attempt back in two thousand and sixteen made things worse the local and turkish cleric living in exile in the us and grow things glenn orchestrated and demands that the us extradite him. and recognizing jerusalem as israel's capital didn't do their relations any good either and it even created an

opening for air to want to grab the throne as leader of the muslim world to assistance to watch. why are you backing israel whether it's ok patient torture and terrorism is that what you were defending one would think that the us would take the theory of their ally into consideration before making any rash decisions but instead of treading carefully washington to cut aid to all of the countries opposed to the jerusalem says that the most important problem between that states and turkey is that is that there is no you know nobody you know trusts their other one this is the main problem for tricky especially people on government never rely on never trust in. you not to stress and especially in middle. issues so whether this is all been deliberate or not washington has only been tangling this not further and further. journalists.