the fruits of the collective labor of the wealth of a nation and if those equities are being taken private or they never reach the market through private money then the average person is no longer participating in the equity of their nation the wealth of that nation is being withheld from them and they are rapidly approaching demeo feudal stage of lords and service which is what of course the people in charge like a jeff bezos or a warren buffett desire they they don't want active participating politically aware individuals voting their cronies out of office so this is how they're doing it they're taking all the equity shareholder rights there won't be any shareholders therefore no shareholder rights actually and the next episode will cover another executive at the f.c.c. also said they have to reconsider the share buybacks because they they said basically it is plundering america and there doesn't seem to be it doesn't seem to be adding any wealth to america the share buybacks and in fact these executives are

just using it as an opportunity to dump their own shares at a higher price though. it was outlawed before i was sorry it was outlawed yes as a result of the securities act of thirty three and thirty four in that period and then they brought it back in to enrich a bunch of corrupt c.e.o.'s right well anyway jay clayton says that the fact that there are fewer shares available for the public to buy this is feeding the demand for these i.c.'s by the ordinary investor clinton should just basically follow the law in the securities hey we've got to take a break when we come back more j. clinton bashing so don't go away. from doing what. was the last time that you went on the internet no i am not

using any of these village is it safe. are you sure there is no music ters other and they are all going to be sure the baby does a class of his that if they. want to. question or don't want to know we saw him and is dead as part of that was a good deal. that was worked out was. previously yes they are being false form in where he and his family member of the society. must have been.

when the old make this manufacture consent instant of public wealth. when the ruling closest to protect themselves. when the final merry go round lifts only the one percent told. to ignore middle of the room signal. the real news is. welcome back to the kaiser report i'm max keyser time now to turn to ron when stone houses then cash around welcome thank you great for thanks for having me and great

to be here yes great to jab me on the show and then pass is here the name often put a rico there was a lot of buzz about it it's a fork of. cash so tell us why or when and then just explain for the audience out there what a fork is i mean if you can do that in a fairly sync way sure so we forked back in may two thousand and seventeen and we forked from z. classic actually and we did that to take these ek snork library and which is for easier knowledge proofs so a fork is basically where. a guitar is cloned and then built upon to create a new project simple is up right ok and so has been going then cash what he added feature wise so one of the first things we did bull is try our best to implement some level of censorship or systems so distribute our ledger especially as possible through

a new network and then on top of the work start to layer encryption so all the enter node communications are encrypted so i was kind of the first thing we layered on top and we then started developing applications so the first three were messaging up location using z k snarks silos one to one those ek stars are kind of a special soft soft yet they're the kind of cool privacy technology that makes a lot of what we've built so far on previous the technology so it gets back to one of the you know it's the cache that's their kind of their call to action there it's a privacy and so it's in the same camp as men arrow right sure you know the privacy but it's kind of like an iterative kohain and trying to think new technologies and so the other features the. the privacy is opt in or opt out it's optional that's how i'm going to say that's the big difference between us and say moneta for example someone had to use a kind of jumbling technique to prevent people linking transactions and addresses

together and whereas we have zero knowledge proofs which is optional so you can transparently send then or you could do in a shielded way that means that the ledger just has a kind of timestamp he won't see the sender or receiver and you would see the amount so you know politically speaking now crypto has come on the radar of different governments different regulators different agencies and sometimes they would highlight these privacy coins in the dash or they'll say. you know an arrow and cash and they kind of you know put them in a different category how are you guys reacting to that so we're very regularly painted with the kind of evil prophecy coined brush however prophecy is essential to the everyday life and without privacy it be very difficult to do business for a start and in a competitive landscape if your competitor can see the contents of a bank account and the contents of your transactions then you don't have any competitive edge so we're firm believers in what we're doing we're doing it for the right reasons and providing in

a kind of clean transparent way providing true privacy in a transparent way there you go so censorship resistance is one of the key super important points here yet it's part of the bible of big point of course censorship resistance and immutability and other features of it is what defines it and it didn't have the kind of privacy features that some thought they could improve upon because of course everything is transparently on the block sure how you know you can it's a terrible place to do crime actually because the record of it if that were your intention but censorship or existence of privacy it's hard coded into the constitution of the united states right we have this right we have it in the right so in the case of money in the white paper it says a peer to peer network for cash. an attempt to compete with visa or is it to refer to the attempt to recreate the anonymity of a cash transaction using paper money your thoughts so it's both so ultimately we

want to make send cash as usable as physically possible and to do that we need to be told to to as far as transactional throughput goes with likes of visa to really have any kind of mass market impact to make it really useful but we also want to really implement the ability to create transport or create confidential transactions as well as transparent as such it is going to be both because i mean you know because it has all scaling debate and you know it's slow to scale and then all these old plans came into existence sure because it seems like this is a bit of the missions are at odds with each other it's like you can't have one without the other i know but anyway that's that's the goal right now let's get induce a bit of controversy here so you were hit with a fifty percent attack we were indeed yes this is been you know talked about it fear in the pickling community for years yeah so now you know it's happening so explain to the audience what a fifty one percent attack is and talk a little bit what happened and then what was the reaction to so on june the second

and we were already monitoring our production so there are a number of rental cost power sites in circulation to snow the amount of available haase power for our network was hugely mushroomed because a lot were kind of on high alert so if it is where someone controls the majority of the network through that control that able to inject forge limbaugh walks into the chain by doing that they can effectively undo transactions they create on the main chain so the. consensus is that the if two miners find blocks of the same time whoever built builds a block on top of their chain first becomes a legitimate chain so if you can amass enough cash power to do a faster rate than the main. any proof of work going on you can effectively attack in that way which is a pretty large vulnerability and it's a fundamental to the hasn't been tackled for any real proof or quite anything but going derived has the same vulnerability if you like and things have changed

massively. paper everybody was mining on c.p. use and small g.p. use that it was very decentralized and even us because it's hard to groove the capital cost of launching an attack would be so big that it the incentives weren't really there yet so put it take a step back put this into perspective so when pickling was launched it was open to a fifty one percent attack if anyone like thought this would not mount anything the charm of big calling in the early years was that nobody thought it would be anything exact it is money yeah it's like a magic internet and magic internet money as like we're not even to spend five dollars on this thing because it's garbage yeah right so then it but it kept growing and growing in adoption hash passing power kept growing and that's the key to all this stuff is that now you've got big going with how many hashes per second right yeah xcel hash you know they have to rate new prefixes to describe how much

this is the biggest computer ever created ever it is a massive super concert it's like passion every ten minutes right there knock it out these blocks so they can't be attacked at this point because they're too stupid to attack it before but now the cat's out of the bag so that you can look at all these different coins and you can say ah. then cash you know further x. number of dollars it makes sense there's an arbitrage where i can rent a bunch of house power i can control the network i can inject blocks so what did you guys do to deal with this so we're really lucky we've got an amazing team responding to action immediately worked all through the night alerting all of our partners exchanges merchants to raise the number of confirmations required to receive that. is ensure that somebody controlling. are controlling the majority of hostile work for three or four hours wouldn't be able to have enough to actually live transactions go through surveys that from twelve to one hundred and not give us a kind of comfort body or to prevent further attacks or a way to build

a feature that automatically increases the number of contacts from asians based on some kind of activity on the network there's a million we certainly are yeah so you want to be a consultant and then cash in a moment at this rate welcome but can't can't can't that be built into the system like if you see certain outside influences building the network recognise that in confirmation time to scale to the number of times you would defeat that attack right we're going to tackle it slightly differently so we're going to do so because i just wanted five i mean i'll be a little bit longer than five seconds think i better plan of attack for this and so the reason that they were able to execute without us really housing a finger on the pulse and seeing it happen in life was that they were able to mine privately knott's a feature of pick point and it's a feature that's kind of went down to every other corner so we want to try and find a way to prevent people mining in private delaying the broadcast of the blocks and then basically surgically implanting them in chains whenever they want to do it to come to the transactions so we're going to have a walk penalty for delayed block injections and then further down the line we're

going to try and look to leverage our secure node network and have a huge network of nodes probably how many developers you get a team of fifty three people about half of them are developing aliza take to put in a fix like that it's going to take us probably a couple of months through the short to mid term solution for the longer term solution of using our nodes as kind of new trees it's probably going to take more like a year that's a really long term fix but they do you license is out to other clients a similar problems is not a bug but a feature so we're a fork we do it through the open source community it's right it's open source. well i think it's every it's against the license it out here tolbert but i think it's a really important thing for not just us but for the whole. ecosystem really these attacks have a huge impact on everything they spread fahd's and it's not good for the industry so it was racing media picks up on and says aha we told you these things are

vulnerable they're not safe and it's begins a whole cycle of dallas again and the industry is pushed back so it is pronounced ra it is it is relevant i think actually the first american to pronounce my name right so does it when you irish i'm scottish oh a scottish manager we drew level of risk. so ok you get it you get it's act like this is serious business in the crypto business and it is still telling about the culture of zen cash so you have to rally around it as an organization right in the valley there are certain value is that need to be expressed so talk a little bit about that so we've recently completely professionalized organization we've recognized that the industry is moving really quickly it's an extremely competitive marketplace and in order to really make the most of what we're trying to do here we have to ensure that we're surrounded by the best possible people so we've professionalized in the seven distinct divisions each are headed up by really experienced leaders guys that build businesses from the ground up guys that been in crypto for a very long time so we like to think we kind of have

a rough idea of how to operate and that's what really allowed us to react quickly. preventive measures in place against the attack occurring again but also put a kind of forward thinking plan in place to help the industry as a whole circumvent and eliminate the risk of these fifty one percent tax take a five years from now how many coins are they going to be in existence right now there's like two thousand when five years from now how many will there be that obviously what i'm getting at is that it's going to be a lot less i think in my view but what do you think i think you're right i think you're right for sure the i.c.a.o. landscape is a wild west people are through in together really rudimentary white paper documents and raising millions of dollars and a lot of these people don't have the business skills to really do some. thing without capital this is not a nice yeah this is no and i say i'm just launching it like a mini or a big client a lifeline right here launching out to the wild and there is no i see how you know it's not a it's so funding through the how you finding yourself so it's through

a percentage of block works so we have a new white paper that just launched very recently which is changing our block watch slightly so this is on the notes that it's we have new listeners. so we're trying to distribute might one of the whining goes to funding development exactly so basically a percentage at the moment eight and a half percent goes to the foundation pays for events pays for enough. isn't isn't soon it's always has been a has to be enough we have to make to we have to make sure that we're responsible we have a full five dollars and we're everywhere where it where is it headquartered. decentralized absolutely centralized so i'm in scotland and we've called direct discussed point the todo up in the skull going really what should have happened to it to be fair. i added i was on a panel in puerto rico with someone from san cache is a woman ok she was smart you're smart they must be smart group we would like to see

their symbol zend he said. so i should be looking at it absolutely i said that is my career holding in my crypto portfolio should me send cash for sure without any that will rally thanks for being on the kaiser report you're welcome girl that's going to do it for this edition of the kaiser report was made nice guys or stacy her would like to thank our guest scottish ral and whose last name is still on it think i'll remember that. if you want to catch us on twitter it's kaiser report intell next time. play. play play play play.

play play play play. play play. play. play. play. play. play etc see play golf. play. for i've been saying the numbers mean something they matter to us is over twenty trillion dollars in debt more than ten white collar crime stamping each day. eighty

five percent of global wealth you longs to be ultra rich eight point six percent of the market saw a thirty percent rise last year some with four hundred to five hundred three per second per second and bitcoin rose to twenty thousand dollars. china is building a two point one billion dollar a i industrial park but don't let the numbers overwhelms the only numbers you need to remember is one in one business show you can't afford to miss the one and only boom box. live and money. it is illegal to.

follow. the law. the first clash of world cup day six has just kicked off between colombia and japan as russia gear up for their game against the egypt where a win could see them through to the playoffs. we won't choose that it was action packed with england pulling off a last minute two one win over to musea three lines victory delighted to death but .

also this hour judy in a song marks six years in confinement at the ecuadorian embassy in london. a very warm welcome you're watching r.t. international with me and he arun with us start this bring you up to speed on the football. the first match of day six of the world cup just kicked off colombia taking on japan and the colombians will start the much without their biggest star. who'll be on the bench is that as a substitute he was named the best player at the last world cup also on cheers they will see the final match of the first round of group fixtures that's between poland

and then they go and russian out of gyptian fans are gearing up for their clash between the national teams at night the teams have already held training sessions in russia's northern capital the faceoff will take place at some paces bird stadium lotty has been catching up with egypt found the head of the game. we are going to lose today we are out of the world so we have to give all the chance today. how muscle has going to be one how much. a lot of hard work am i think. this is. easy and anyone who wins is great. and this will be the second much for both russia and egypt at this world cup last thursday russia's five no thrashing of saudi arabia in the opening match electrified supporters across the country egypt timed at least in their first game

suffering a defeat at the hands of your a guy who scored in the ninetieth minutes. so this is how things look in group a right now russia tops the group on gold the difference and today's match with the troops could prove decisive for the host nation a win that would pretty much guarantee russia plays in the playoffs. and as the fans to stand on some petersburg for tonight's clash we decided to put their knowledge to the test on some curious cultural overlaps. the street is perhaps one of the most iconic symbols of ancient egypt but this one is actually located here in st petersburg. the ahead of the game between russia and egypt we're going to go out and offer some fun they can tell the difference between voters monuments in russia and the ones

located in egypt so i ok so this on russia we don't have to measure to have agreement. this is egypt russia well if you would write world let's just see it. because of the community it's here that if it's in egypt this would be out of. the systems the books from russia. egypt the bloomberg who are you know here in the u.s. is this in your throat or you is in egypt. you know it's russia we don't live yes is it petersburg ocasio no i give you the. national they should know this for the obama but i was a close shave the refute pretty ones and put a dramatic winfrey egypt on the streets of st petersburg let's see what happens on the pitch when the two sides meet. for the petersburg the how to use the games

resident oracle i can't hold a field has made his prediction for tonight's game as you can see clearly from the bowl of food he's eating from the line face lies within russia so if it feels pounds good form kuwait kick will take two victories of russia over saudi arabia and also is wrong over the role could let see a fall stall pundit can cook with the kids take about tonight's case. alert the june fifth. i think that's the match that's the match that is going to the sides qualifies for the. for the next for the next round normally they both get three points against saudi this is their match because you know what i think is a different level of experience than the. men's already for the for this level of competition so this is a big match russia has to stop selling because the makes the makes the difference

and has to impose physicality as one of the most important points for the match. meanwhile day five of the tournament still some spectacular clashes england beat tunisia in volgograd that their victory was far from straightforward it's looking glint until the ninety first minutes to seal the win with a headset by captain harry kane saving the day they also joined by star co-hosts peter schmeichel and manchester united fans there's a new we knew you kept an eye on the game and monday's the match. i know you've been watching the first half you have made the first week in south korea nil nil who's got the upper hand she said i don't think sweden is a favorite to win this match would you expect a tie game then today yes or no surprise you for. someone

i really. moving on to belgium what do you make of this game then what should we make of panama i would consider them one of the teams that if they get the points that amazing. what an amazing achievement for them and if they get the point what. a match this is belgium all you win. to lose. to lose two points against one of the show i. thinking on. the final gang tonight in a different great single has the players as a tactical system if you play against an inferior team creates them problems so i

think that's more than enough to win. i. i you need be. i feel very very happy for the england boys because if they hadn't got there the next couple of days would have been charitable for them they would have been crucified but i did that the previous meeting and i'm not sure that they go completely free because the second half was awful one of the things that of course we've seen in this world cup are the big guns not quite doing it and only did it they labored to a two one win but that got three points on the board that cannot be said for

argentina it can't be said for brazil a lot of other teams so when you put them in the context it's a good win it's a very good win because at the end of the day it's all about the three points and said one man he did do what he was on the field to do was hurricane of. hurricane is in the right spot and support and it came across with ninety minutes and thirty seconds to the team captain of the sea this is the definition of the amazing measure of freedom is an experience. i spoke the side to get out of it what you know the games you know so well you never know i was going to go so great to score early and i really don't know if i'm ok with a penny awful and it's just about come a kid going to believe and i made it difficult to stop him but. we've always just have that and if there's one thing from the night that we would look back on and and like to do better it would be that ruthlessness in front of goal but the

pleasing thing for me was that the runs and the movement created those opportunities and if we keep doing that then we will score goals very impressive with very impressed with. and almost responsibility on his shoulders to not only school the goals but also to lead the team and he's not saying no easy by the way behind it if we're going to hear a lot of the drums are starting and then when their game volgograd peter over is done there for us peter just when we felt it was over a last minute winner how delighted i mean funds were you belief which is i think as we can now see the happiness people of very very pleased certainly england fans very pleased we thought we in. the largest body of england's funda loudest crowd of english fans was right behind that goal it's behind hurricane school that went.