virtue signaling essential virtue signaling their their good compliance with the norms you see this all the time on twitter in our own economies and our own cultures and societies whereby people say i have nothing to hide i don't care if the government takes all my data and spies on me i have nothing to hide because they don't realize that. economic and politically. solver and individual actually does have a lot to hide because you have your own free thought you have your own free assembly and that is something worth treasuring in hiding in protecting from these corporations from these data miners from these authoritarians the prizes you get for immediate salary relatively good free down it in a few years will seem like a king's ransom but as more people opt into obedience going those prizes are going to shrink from the don't it to a virtual down and to a virtual don't crum inflation in obedience by this not of regulation airy currency

and so you end up with the casino so you have people plugged into their electronic devices playing virtual casinos all day being obedient not questioning authority and then like any casino they'll win an occasional virtual donat crumb and little fill their heart with joy and they'll think about having you know some kind of ritualistic ceremony to celebrate their great fortune in the obedience going world i think you have to obey the time and go to break here we speak of obedience we got to take a break when we come back the legendary i'm here talking don't go away. but hope to do something to do. put themselves on the line they did accept the reject. so when you want to be present. to some want. to go on.

this is what the three of them or would be good. interested in the war in the. first. in the last days of the soviet union people were full of hope and anticipation of the upcoming changes underground music by young musicians of the time captured the mood perfectly what was it like to live and make music in that atmosphere. that i would rather have that than other not out of love the idea that that i'm not out of the i'm not of the money there's a plan and i get a feeling. this was

a good time to. try to move. not that i want to get my money now why not act and then again why exxon and the all the people we believe just a little bit here. a lot of i can say what the bible said johnny the audio of the moment of mother having a little because there is a little i'm a little work in my building looking at the people i don't want to put out they are the most cutting and i don't know the mother brother. welcome back to the kaiser report i'm max keyser time now to go to a mere talking

a bit coy legend i may welcome back to the kaiser report thank you for having me you know you were one of the very first people we met that was back in two thousand and eleven and you were already a veteran and bitcoin started when it was in the pennies just recap briefly at that period you got involved in what year what time and what was happening now is that there was a time. because it just. we were in this for the long day we thought that we saw the big. huge potential inside of it and we're willing to devote ourselves to the top of that you say we were in it for the long game when you say we era for into a pretty small group of folks like a handful of people recruiting including us you're the fust to report on bitcoin yes because of thanks to guys like you who we found to be

a newsworthy and then when we talk to you we found that there is tremendous intellectual depth to what's happening there with big going and so one of my questions i want to ask you is that in the beginning back in the two thousand and nine ten eleven period it was very difficult to describe what it client is and here we are twenty eighteen and i think it's safe to say that it's still very difficult to describe what bitcoin is i hear people on c n b c and other mainstream outlets talk about bitcoin they don't really seem to understand it any better than people are trying to understand it back and twenty eleven what do you think of that statement yet because it is no investment scheme it's not a more convenient way to trade money online because when as is said on the original website is the pits appear form of money cannot be controlled by governments and central banks is really important don't. so that with what big queen can truly

a chief of humanity which is liberation from this financial system in slave i should becomes realized. what do you think about this lambo crowd i mean i go to north america because in conference for a couple years down the road to thousands of participants in the early meet ups or maybe five or six year you're in the first big conference ever of prague there were a couple you know developers there maybe twenty or thirty people or hundred people total but now you've got this idea that it's led by everybody and is seems like that's far removed from the original vision they talked about the suppose you white paper there but they also mention it's a get rich quick scheme summerset it's a get rich quick scheme disguised really to get people to accept money that isn't controlled by third parties that is a controlled by governments as kind of like seduce people into accepting something that's highly subversive you don't get me wrong it's great that we have some much capital in this community and in all of the cryptocurrency communities of people

really putting into a lot of projects to think about how can we not just construct financial systems but new form of law governance called me all of the social life and thus from tusky because as technologists we've been trying we putting our energies into these things for literally the last two hundred years and for the first time in a period we have access to huge amounts of cup is to realize all visions the same time you have to realize it is not just capital that will automatically create value that is a core of people and that core of people is driven through a vision for an idea of the wild did ok that's interesting idea that capital is not necessarily going to create the value yeah that's a very interesting statement so the value is resides somewhere else it's in the network it's in this rabbit hole we call it coin that people can get lost in very quickly and the value proposition is not obvious and so then we come to the

idea of why. that is measure of a condom is like nouriel roubini or paul krugman at the new york times why they get it so wrong wired what are they missing they they turn to just totally misunderstand was happening here where you think what we're experiencing now in the west also with the rise of right wing nationalist groups and religious fundamentalists is a clash of two fundamental world view is that there is like an older viewpoint of the world just sees the world in terms of like what we can see what we can touch most and it's something fundamentally see the. all of the questions all of the life problems of humanity can be reduced to economic questions but what we're experiencing in the west is something deeper is is is like a loss of humanity is a lot of meaning and purpose that people who work their entire lives jobs that they

know is completely meaningless and has no value whatsoever for money which is literally printed by a central bank and there is now a growing desire that people want to. they want to have lives not just they don't just want to be. objects of mechanical parts in a giant a process is managed by an elite the sister trying to keep the cup it's all flowing to keep the system stable that the people are seeing more and more that there's a there's not a lack of aspiration around bishan and this is that ning and what bitcoin represent is is a way for us to break free of this system of financial or economic inscription of a vast labor force of of people it seems that economics evolved over the last hundred years sense or or so the industrial revolution which brought in an era of

specialization and specialization to agree where you have people really and. play factories in china you know assembling products like i phones and is mind numbingly repetitious and so the rise of technology is like search engines which for people the ability to cope completely forget what's in their heads they have they don't need a brain essentially because it's being outsourced to a third party this platform called a search engine but it seems like because it is reversing that trend it's bringing back a consciousness fusion in that all of our thoughts are being timestamp every ten minutes to validate this value proposition and i wanted to ask if you think that the current technology which is processing forty quintillion transactions a second that's forty thousand quadrillion transactions a second is leading us to something that maybe we haven't even imagined to get

some kind of consciousness fusion on the horizon i don't mean to get too esoteric air but we have had many conversations about this technology and i haven't talked to in a while and had a new thoughts along these lines the i think if in technology it doesn't go in a straight line you can go in many different directions the danger is is the technology is now who are building these technologies they may lose sight of light what is the end goal where are we heading towards and like so many of the technology movements before them by the development of the computer is the fundament of insulin that development of many different. technologies the end up just to. become taken over for example if we don't as technologies now come together to organize to formulate like a sense of direction it could very well be some big bank or big corporation. this

block chain technology in and really make it something this is. mainstream when we lose the opportunity that we had to really put some thinking place that was able to change the society around us is to think there's an attack vectors open from dystopian elements big banks but i don't think it's a technical problem is this a social problem because certainly within the community there's so much splintering going on in all these other all kinds of all that focus was attention more just on bitcoin and for example second layer development with lightning networks how do you think lighting that works how do how do you see that going just this last week i was in a really big technology conference in berlin and the whole thing whole thing just felt really fake and it was just is this incredible to see all these people coming and talking about block chain and technology and it was just like

a. form of like mass brainwashing really but then i went also that same week to a lightning of that it was a much smaller event like less than a hundred people or bruce it was inspiring years so it was probably one of the best events i went through this year everybody was there was a lot of energy a lot of sense of drive to think ok how can we make this thing and that's the point i'm trying to get is that the technology has the potential inside of it is there waiting for us to take it and to use it on the world to change the world in some way we have to be conscious of it is not something is going to happen automatically and this is what big one is experiencing now is this is this kind of. this is kind of sense of our we don't need to do anything we just need to tweak the technology we just need to fix a few bucks here and there and it's eventually just going to spread like wildfire and say noise not going to be like that we need to go to africa we need to go to

asia we need to go to latin america we need to underlies different regions geopolitically we need to build the tools we need to organize and we need to spread these technologies and that's going to it's going to take a huge radical transformation inside of a community ok so imagine politics their year because i travel so i've taken a deep into politics you went off to syria to join. what is that. ridge offer a job or economic advisor and ended up fighting isis now we've got about a minute i have left can't you can't just give us an update of what or how that all happened if there is a group of guerrillas now in the middle east they crossed over into syrian sides organize the local population and this is a force that really has the potential to transform the entire makeup of the middle east and is one biggest opportunities the heart in the. us one hundred years and

now in rich off they side technology program never interesting crypto currencies and also the tools for digital governance and economic resource management so that's a place of a huge amount of potential but there's a lot of what needs to be done to buy she built the technologies to enable big point another crypto currency to scale to a national level right so here you are taking this crypto. new top in the one could call it and introducing it in one of the most politically hot spots in the world and what how was the reaction locally a lot of the piece yeah in ridge offer have full support of the administration i'm of the people understand crypto currencies and the potential of it is just the big coin and all these technologies we're building they're not ready yet to serve on a national scale a lot of people developing these products are now developing different visuals

there's a huge amount of work that needs to be done in terms of telecommunications in terms of infrastructure. different software technologies hardware is a huge body of development the need to be done now you know around the world governments deal with the legacy u.s. dollar imperialism the us empire is based on the dollar based on debt and one way to deal dollar rise is to move it out of the dollar and into because i know but that's a message that most governments are not able to intellectually leap in that direction how it's wave observed as well in other they recognize cryptocurrency is a very important thought for their economic political program which is about decentralized ation of the economy if i just quickly explain they used to be a group that was fighting for independence but then as kurds they realized they couldn't become independent because they were split over forty from. stace said

they changed their program to actually organizing the civil society to become so create their own self low costs on most administrations as a powerful structure outside of the state so things tools like digital tools allow them to golf and. managed their economy without needing a state on a local level in a decentralized way is something that is in line with their political program and they recognize the potential power there is a matter of survival as well all right i mean you're talking thanks so much for being on the kaiser report thank you well that's going to do it for this edition of the kaiser report with me max kaiser and stacey i would like to thank our guest i mean our takei if you want to reach us on twitter it's kaiser report and i stand by oh.

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i i. i. good evening to you joining us at the fantastic moment doggedly russia's biggest will the world cup for the final in russia croatia is going to actually finish after the ninety minutes people just take it and you're in the stadium these are the lucky people who are really getting value for money paid to smuggles alongside me is nervous. with the. system on telling fans to go to the train stations and so on then i don't know if you can hear us then that's a. background noise my god walk

a fine and this is so so much in the balance it's just out it would be with two times fifteen extra minutes and russia they started with the corner kicks so they might have a good start. but incredible my russian looked completely done complete. with nothing left and then suddenly they they found something they fold. and it was a little bit like the game against spain they just with stood any kind of pressure that creature that they put at them and have to say creation really stepped it up in the second a. little more just getting a lot of the ball one of the world's great play is a common not very nice but something something new as a manager you would say keep him away from the ball but he's off such class that it's impossible he finds all the little pockets. and you know as we speak she says

obvious and say soccer the same as you so far away from the signal area be very very agitated he looks nervous we talked about that at half time and he's got every right to be nervous because it's so it's i mean it can go either way it can go to councils we talked about that but. these players are looking very famous and cherry said he looked right from the from the first second of the second out he looked like somebody that he could take out straight away well maybe it was the celebrations in the let's take everybody at home through the goal action it was shitty ship he's been a revelation not even to start cycling into the swill cup full goals he's got in the fourth one maybe the pick of the bunch well mr nice to see what if. he sort of picks it up well outside the area and killed it into so-called. people with nations

you mentioned earlier well bill just started a nice person when you don't want problems when you have a shot but that took the perfect just gave him the right spin and the right there on the ball and it's probably one of the goals of the tournament it was said we haven't seen many goals shot from distance and head in the top corner this is what you know years ago fifo wanted to change the football so we could see more bold more goals like that and we haven't really seen that in this and this is what we're seeing a lot of problems in but i haven't seen that but we saw it today and it was a beautiful go. namely less than eight minutes that he would have wanted to hang on to the longer but yeah but you know it's just this is you know lack of concentration when you're up against quality players they exploit that in the gaps and the gaps you need them in and you have to say that you know it was meant sic it's got the break down the left and if it was it five russia defenders around the wall. and not close it and they he he was not.

complacently drawn into a little pocket of space that was right in front of goal should have been to defend and that as a was the defender and. you know he managed to score come as ministers go. we've we've had this situation with super sage in the in the last two minutes or tonight playing time so with you it's a great thing goalkeeper if he came down and looked like he'd done his hands doing and he was fact actually having treatment for a couple of minutes and it was serve one of the rest of goalkeepers woman rob we're expecting him to come on from the beginning of these acts of thirty minutes but he's not it's it's now left town for a rest salkeld difficult names announced he's coming off he looks and in some distress for creation so that substitution that extra substitution that the manager has available in then. exit time so it's now now gone and that means if the

injury to subaru assumes it is back and it looked like it was evident there when they dribble you could tell if the mobility was affected interest it's just a mental scene the much for anybody watching but execution would imagine when the place is so tired now i said i think if i wanted for us it's because i know. he's not making a substitution. he's just he's looking at it this is a very difficult situation for the duration until now he's got sick i seriously injured knee got another twenty five minutes of play and he's got to where he has got to think about the pendency take us who's. you know we start to plan and to take is just that from the game against denmark sets on the bench and. rushes rushes over to stuff the truth and one of the successful penalty takers against

spain. of course so this is something they need to consider as well for russia this is not just brilliant they have to go through another exits another another it's not brilliant but they take it when the russians will take it with a will they will they will. but the thing is when we look at it from the russian perspective they look very tired they've spent. a lot of time defending in spain that takes a lot out of you they've spent a lot of time in this game. of fighting again against a really well playing for asian teams and as we speak you know. but zook is now limping so that. and they show exuberance you just well yeah i mean sure it was a darling and. for them of course they played extra time against denmark i would say for them they have maybe a better squad they have maybe more than you because. they made the substitution now so it is. the losers of south koreans comes out. and called luka the former

manchester city player he comes on to they've made that decision he's played his dislike for only one must the question we're going to have to watch him play we don't know if this is an exciting game hang in there and we'll come back and tell you more about it but if you miss the play stay with us. thanks neil. yeah what a what a game it is what a nervy ending this no i told you that when i shop as you say i just made that substitution that doesn't leave. the goalkeeper probably will have to stay on if you don't have the injury bad decision if it does go like what the penalties. hopefully you know hoping they're going to get that extra time with what we've normally seen it's very rare to see any actual teams actually we're almost oh i think every every extra time in this well cup has gone on phenomenal seesaw it's very rugged both teams usually become very defined even if the water don't you see

in china and penalties yeah he had a very tight not that i had for these two forces you've got to know what was the off he thought the hundred sixty eight. pages. russia. what. about seven or eight minutes into extra time the first goal of the game got rocket by then his child was shot and the minute the keeper standing no chance that goal sent fans across russia ballistic. the it he been the. with. the multi-seat up front

is in so significant in the fire and so on it's pretty noisy here in the square as you seem to see in the funds american fashion pretty tense here extra time when i go to penalties again if it does can russia do it. guys hello again once again welcome to the bad best and saatchi i think it is the best one is russia because it's right on the coast of the like to see and it is the closest fan zone to the fish store enough that you used to work ten said i believe this is the best word to describe what is going on here if you look at. how russia was about to score and that's why the people cheered up again but just before that if you look at the faces you know it is tense it has become more quiet as we were getting closer to exit time we are obviously an extra time is the reason

for that is you know the people are just moved to the street and the mistake could lead to the end of these fairy tale of these the golf the progress see why far ahead of the world cup that has never happened in the history of russia that's why everyone is watching everyone starbase and really worried but as you've just see whenever russia gets closer to actually having an attempt a shot on goal it does become very odd here so let's just continue watching the rest of the action shot here and the bad zone and sox. thank you. you know we exist we can only imagine we have a couple of hundred people with. croatia so who are going to be so but at the same we have. to have some people might want to get in the finals on.