toshi round table which is the true vision of soto she's vision with which is that we're ever we are now wherever big queen is now is suppose she's vision it doesn't matter what she was thinking nine years ago it's what is developed now and the overall conversation there as to toshi roundtable remember these are the one hundred two hundred of the. top engineers investors and developers in this space and lightning network was by far the largest most important technology being developed around bit coy when the other big issue was speaking of regulators and financial stuff was ted there and they're the guys from biffen x. did talk about that you're. our opinion and we are investors in bit from x. i must say but our opinion was that the market just like the market told us mt gox is going to collapse the market said says about tether at this point anyway that

it's all there and it's all in well i have my own version of the client what i find as the highest fidelity to that which is presented in the white paper which is about unifying the world's collective unconscious and that's what this technology will do to usher in a new universal consciousness as does the best us so we can expect and there's no room for pigs like jamie dimon we've got to go the second half don't go away much more coming your way. twenty forty you know bloody revolution to correct the demonstrations going from being relatively peaceful political protests to be increasingly violent revolution is always spontaneous or is it you know here i mean you know i was put in the.

school in the middle of the fall the ukrainian president recalls the events of twenty fourteen. those who took. invested over five billion dollars to assist ukraine in these and other goals that will ensure a secure and prosperous and democratic. elliston is getting international recognition with the help of israel at least in the world of zoos i'm in bill fit to finish it to do it loving for you i can admit it this isn't my cup of tea is something going on no phil saviano maybe a bit. old john without a doubt. the only palestinians is who gets the most help from its jerusalem

counterparts i don't think there's some of those ruined under the vision good enough only could give us hope. and the earth is all of us knowledge how to this lady of the muscle that you had i'm not going to continue muslims you know do more commitments last don't piss off. welcome back to the category four and imax keyser time out to go to a catamaran out in the caribbean off of cancun or i add a chance to talk with patrick byrne of overstock dot com who's coming out of course with zero patrick for patrick welcome back to the cause report thank you max you

know me it's my honor as always you know some talk about lambeau you know you've taken it up of course to the next level with you know on the catamaran sets and i mentioned yesterday there with you on my sending a tussle and outer space you know you're part of the visionaries of this world any and you're going to top that well i should be clear this is the hotel's kind of around yeah we've been started by maybe we should ask the hurtado and see if we can launch this and outers you know i think that's only appropriate now let's talk you know i often say that the history of bitcoin is really two stages there was the protocol launch in two thousand and nine and then there is static burn and what i mean by that that this industry was always going to have a rendezvous with the f.c.c. . you know it started off as a kind of a hobbyist paradise it became

a currency it became widespread and now this week we've got some hearings in washington from the f.c.c. and first my first question is patrick. do you think is it fair to say that you have been waiting for this day and so this is no big surprise anything you've seen so far it's kind of like what you'd expect correct. yeah correct and it is you get the the dramatic are where you get the irony involved in this whole narrative arc that we've that this is turned up but yes. it's what i've expected in terms of the empire striking back you mean one of the pushback. from the established let me give you some background sound other words. the episode that you had at overstock and being the c.e.o. you did battle with the short sellers and the naked short sellers and there is a kind of a loophole in the way transactions are clear on wall street where the book that is

keeping track of what are the buys and sells is not correlated on a daily basis and you can be selling stock that doesn't exist or not cover that stock for a period of time and you can engage in a coordinated attack on a stock price and you went to battle on that front and the lessons learned from that patrick you preload it i think i may say you are you are. project and so it's going to be maturation to go to match your strumming my face with your fingers in my eyes and it really characterisation another that's about and i learned a whole lot in the course of outlaws so i grew up in the holy church of capital markets i riz raised by economists in a business intellectuals and i love capital markets and when i'm when i got public and started wandering around zero to four or five and started understanding what

was going on including i was there was a bunch of small skunk and there was a bunch of skunk in there and there were people who asked me up in greenwich connecticut to ask me to take part in stuff so i was a speculating i knew what was going on because people are asking me to take part in it i thought life was like the pelican brief or you figured it all julia roberts figures it out writes up a draft puts that the whole world comes for aid turns out it doesn't work like that because when all roads lead back to goldman sachs and what you're doing is it turns out you're exposing a huge source of profitability mesha guess that is a source of profitability for goldman sachs the whole world sort of attacks you so i will not talk about pick up on that because. goldman sachs and wall street they are in the business of making markets in those markets there is a spread and by being both the buyer in the seller in these markets and providing quote unquote liquidity they are highly profitable in a business with you might argue very little risk in

a way and they're printing money ok let's talk about your latest creation g.'s euro because this is as the name implies really touch into a huge profit center because there is no. ability to do a lot of the shenanigans that we've seen over the years is that a fair statement and can you give us an update on teaser well i would say and because there are various public offerings going on i have to be somewhat restricted by what i say i can't talk about the profitability or potential profitability but yes this diagnosed exactly what we're doing we're taking this core business of goldman and the various prime brokers unfortunately i don't think they make all their money from just buying and selling i think there's also manipulation and as you and i have talked about as you just mentioned so it's not only it's not only is attractive because i think it takes about eighty or ninety percent of these friction costs out of the system but what it really does it is it

will block change based capital market will eliminate the possibility of all kinds of mischief so whether turns out to be. profitable or you know we're taking on the establishment so i can't guarantee anything but some one simple example would be the number of shares that a company has in their float would be on the block chain and it's amenable and it's accountable and example of games rights in iraq obvious advantage to block change complete transparency for of a regulator you know when regulators see illegal activity in the market now they blew sheet it they try to track it and they can't even it all disappears into a mist of priene adding in that. thing and slice dice circumcising and nobody actually knows who's behind these trades because everything is netted all that can be stripped in the regulators can have one hundred percent transparency and a good tomic level of the market right to some background on this phrase netting and trade having an experience on wall street my style but i can send a confirmation to a customer with

a price that does not reflect my commission because of what i did in that transaction and on the spread and the huge wakil room that goes on and there are guidelines exciter but there are only abuse so that's where the f.c.c. let's get into that they had hearings this week they finally caught up to the block scientific point they're now answering the arena. where are we in this is why i preface this by saying you're battle hardened and ready to go is that what i would be hearing just go in your view were what did you learn or. how did you view the hearing well what i'm seeing is that the regulators are not monolithic there are humans and there's different groups within the regulators some people within the regulators really get blocked change for example the people who are concerned with systemic risk get it and love it the people who are concerned with

really enforcing the rules they love the fact that this will take a whole bunch of mischief out of the system the people who seem in my experience at the federal level who seem to be opposed to block chain are i believe well ten years ago let's put it this way i meant a lot of officials who i think they were dusting up their resumes for their applications to big law firms to work for goldman sachs and they had no interest in in any of the things i had to expose before away. i think it's actually a different world now and there's a lot more regulars who care about things like systemic risk and such but there are there's still an element in the regulatory class. i think they're. at least their position has been to push back on this for i think no more of the reasons than you know they got in there on some one speed dial somebody in greenwich connecticut has a speed dial you can tell the regulator pushback on this it's going to eliminate our profit i'll pay and we're not that explicitly but anyway so there is regulatory

pushback but i see more and more of the regulators. you know i've been down here we're doing tank koon this week max so i'm not entirely sure but i think that the regulators are showing real movement and understanding of this is a good thing overall it's a good thing it's not good for their you know their clients if you view their clients of the captured regulators as being bold in fact it's not good for the the the regulatory clients but if and that's their client industry that they have had a history of protecting but i think we're i think they realize this is too big for them to stop and there are plenty of people and the regulatory community who want who are. there are open to this going forward that's a very diplomatic thing my tell me yeah that leaves at as you always do good cop bad cop when i hear comments from these regulators that are like you know we need us there in this new generation of entrepreneurs and risk takers and the

their warm little cup of milk and their bedding time and such on them and wish them good luck this is the old good cop bad cop patrick you would be the least naive person in the space i can imagine holding springs eternal hope springs eternal i don't head what do you mean you're doing so at that so i thought that there's no none of these folks are going to give up and instead the monopoly pricing power of wall street and this is going to be a tooth and nail battle i don't see how it can't be. just an outbound i haven't said that your product as i understand it is a category killer you know you're going to wipe out all the inefficiencies like hoover killed you know the business in a lot of ways to transform the business p. to be. file swapping the business with t.'s duro you are because you're already. aware you are good you've got bass you know you could be the guy in the moment on wall street your thoughts your family from your lips to god's ear

certainly i'm aiming to do that and we're are now we're raising capital do that and i would. you know i would emphasize this is a moon shot i'd love to hear your thoughts on my chances because you know we're raising two hundred fifty million bucks that with which we hope to sort of recreate or rebuild a wall street acco system but a complete block chain version of that i don't know i do should be asked if i say fifty fifty what are the chances that we can do that without getting blown up for me thrown in jail fifty fifty eight or one hundred percent chance of success because they know they're evil and evil loses at the end of the day and to tell you not the most is pure goodness pure goodness it's alchemists it's merits pratik it's a paradigm busting and the f.c.c. is way behind the curve they're just learning about this by the time they finally figure out they've been feet it'll be too late and that's the way it's designed you know there are guys here i've met in the last two days if one of us doesn't disrupt

wall street the other one well i can tell you that we there well there's some fantastic technology coming i've been trying to tell the f.c.c. for three years and it's. yeah well they it is good to see that they are having hearings and waking up and getting that this this is going to change the their world right so we well we've got about a minute left and i guess i would be remiss if i didn't explain to people that the reason he had a stickler style clothing as i we're going to actually enter the dragon on the beach right i'm going to be bruce lee i believe you can be chuck norris you killed my father i must have revenge do. zero is going to go on wall street and i think that'll really go over well could be an over stock marketing material what do you think i mean i'm sure a lot of that i mean this is the man they make you beg for this type of branding i mean this is sent from so toshi i'm sorry. i don't think there's anything i could do at this point that we're shocked the shareholders maybe i don't mean to tear it

up but there's always room to chalk and all our hopes all right patrick burned thanks so much for being on the cars to report to see you again max i love your i love your i love the cars a report watch it all the thought well thank you so much and that does it for this edition of the kaiser report with a nice guys are his days are numbered like to thank our guest patrick byrne of teaser oh if you want to raise us on twitter it's kaiser report bill till next time . i. used to miss losing in the spokesmen. just music first thing in the both of them which is just.

a. little bit so if it is just a must try. to get to some other time to just. let. join me every thursday on the alex salmond show when i'll be speaking to guest of the world of politics sports business i'm showbusiness i'll see that.

certain i want to do it in just show everybody is doing the show to be very clear right. away go to. management. and they are they they when they have to then they have the. skinny guy the field is very. soft yeah i'm them what do you how much. do you want to know what. i want to be in the book and there's just no point to talk more negative.

what politicians do something that. i put themselves on the line they get accepted or rejected. so when you want to be president. or somehow want to. have to go right to the press this is like them before three in the morning can't be good. i'm interested always in the waters in the house. first sit. i. was.

i think. one of the deadliest campus shooting is in u.s. history seventeen a dead around a dozen injured are a school in florida coming up we speak to a student who was in that building as the tragedy unfold. in the news today russia's foreign ministry admits some russians may have been killed in syria by u.s. led forces but dismissed reports the army personnel calling it this information. and the british government again accused of turning its back on interpreters who helped the military in afghanistan we speak exclusively to one whose asylum appeal is pending.

here in moscow my name is kevin irwin thanks for watching out international review tuned in around the world it used to get through it starting with awful news that came in overnight from the states nother school massacre there this time at a high school in florida seventeen were killed at least a dozen others were reported injured video emerged pretty quickly online i guess as you'd expect it seems to be this first video going to show you from one of the classrooms while that attack was underway please be worn it does contain some upsetting see. thank you. q. thank you. as shots rang out inside that school in the city of parkland panicked students was seen running for safety this video was taken while the government was still on the attack it's understood the killer set off a fire alarm to try to draw people out to the open to cause as many injuries as possible armed officers rapidly swarmed that campus before leaving pupils and staff

to safety. for the work or fulfilling young people to go through well pauline are all young nick is one of the students in the school at the time of the shooting in poland on wednesday despite all she's been through trauma friend she's taken a bit of time out to talk to us now thanks ever so much good to see you safe and well where. would you start with this you go to school you and your mates you don't expect something like this to happen around you tell us what happened. well i like about to leave school because of those ten years before the bell rang so poster and . so i got the file out of and we started so well. but then like the school the building the boats i would get somewhere and hide because it's not a fire drill it goes all grab and it's first like everybody still thought it's

going to feel like they grew out of the they do in the schools and like course when cheney and the diversity didn't know that oh i don't like everybody just so it's fake like they teach us like everybody but then we just here are the people second talking about life. is short you know like in the next village and. someone already got killed and this is serious and like it wasn't like a band you can sign with like everybody was just trying to reach out of their friends and their family like yeah. or i guess i guess it all or you know longer them out to try to work out what is actually good to try to simulate what was going on well. as they had all those still be on the floor like so nobody can see us and know all that stuff like not to be on our phones and. they send them like also you know when we realized we

were just like really waiting for like well or didn't stick you know like this what seemed so near everything. at some point they came and they told us like like thirty minutes later that's all those when everything was clear around but like we're not going to let you out like right now because we. all were you. were you close enough to hear the shots. go you money to find out what was happening from from word of mouth how to do how did it happen. no we were not close to a building where they were shooting like it was like not the next building but just random acts building might not be exact building live us close to it so we didn't hear the show it seemed. like i mean i did not maybe some people did like i just didn't believe. it because i don't know i did not how she was there before the

police with you know until help. well we had to police like fifteen to twenty minutes after we were like you know and it's our i'm like we've heard the sirens and stuff so. that's why we kind of realize that like it's not a did you want the suspect as you know has been named taken into custody as well guys called nicholas cruz and you haven't heard anything about him did you know him until you know i did not know him because i came to school i'd like to insist the beginning of this year like this school year and i guess he was expelled before each year so i didn't know him how well you know my. how are you after all this. a yes i'm again because i'm not like i'm much harm i just like feel very kind of lost because like i don't know what they were like oh it's weird to like it's all stuff because like it's just never

happened so me and i just don't think that going to school is going to be like the same up there were because i felt like knowledgeable clause in the building of the shooting was an oversight like i don't say when all of the people who are teaching their like. this like this to an end no i did you know anyone who was injured or or her to. our. i didn't because like i still don't know what is in your like i don't know a lot of people because i tell those of my friends and like their friends and they they're ok all of them like and then some of my friends friends like in are so. i don't really know them. i mean i was surprised but when i want to sort of what you've been through to there's really going to shake you up a bit you know you take care of yourself and thanks ever so much for taking the time to come and talk to us here at all to international police. indeed in school

today when all this kicked off around you thank you take care. and well pictures from the scene show the distress of the young people there touched by the tragedy here's how the incident unfolded. he saw my dead body there on the floor and blood oh it underscores how many people thanks live on the third floor. it looked like students it was one teaching for students. so they do pull the fire drill we want our side boom boom boom boom where. i doze firecrackers but after the last oh.

could come in bringing a gun to shoot at school you like started taking a family i love you never know a biggish are killed. i want to start up i say this is catastrophic. and on the we will be catastrophic game broward county history it's devastating i'm sick to my stomach. the deadly shooting took place at the marjory stoneman douglas high school in parkland ironically that city was named the safest city in florida last year one of the safest in the u.s. to go video next to the florida shooting suspect arriving at county jail police have identified him as nicholas cruz a nineteen year old former student of that school who was expelled for disciplinary reasons they said he was armed with a semiautomatic rifle and had multiple magazines the suspects being charged with

seventeen counts of premeditated murder students at that school go on to describe the suspect as troubled apparently teachers were warned about him a while back given his enthusiasm for firearms in his free time it's now believed because cruz had to instagram accounts as well they've since been deleted but they purported to show plenty of pictures of him with weapons we spoke to former police officer dominic is a who says the suspects mental health should be questioned big time either not just gun control policies. this is an ultimate cry for attention and i'd like to see the media for the first time not look at this is a gun issue and to shy away from the anatomy object or or start start to look away from why or how these individuals are getting the guns and start looking at the intent behind it why are they doing this what's the mental health of this person what's their personal individual issue if there's one thing that we do know it's been proven time and time again that the gun itself does not do any damage but the

issue is the person behind it their intent their motives their means the us is when i was going to long history of school shootings there's been two hundred seventy five incidents since twenty thirteen this now bridge of nearly one a week eighteen shootings have been reported in school so far this year is a look at some of the most serious in the last decade.