principles of big corn into twitter which is odd and then but he likes it as a because it's square so he also the c.e.o. they have a nap on which is very popular now people can buy and sell you know quite a very well designed well they seem to be taking the best things about bitcoin and you know helping bring because to be able but the app itself is not abiding by the principles of big point of watching these principles of big claim blah chain are they impossible to live through in other words it was born in the first few years there was this rush of euphoria that this is utopia and a lot of ways and now the reality of banks getting involved money matters getting involved and gun was getting involved you know is that going to survive like this period a lot of people compare bitcoin to a cult or a religion well if you look at culture religion they go through a similar period of christianity just for example start off sounding great then it

became kind of weird because i'm going to go down the same path well yeah i mean. the utopian vision of pure decentralization i think is valuable for a goal but you know the idea that centralization in itself is evil i think is not necessarily true i think there's a little bit more nuance there i mean there are central servers can be valuable for certain functions they can be more efficient for certain functions and if you can you know hybridize and move towards total decentralization i think that's the goal but like when we're trying to build a social network we're not going to be able to have a funk i mean show me a functioning fully decentralized central network running on top of the watching doesn't it doesn't exist and if it does it's probably has some sort of highly centralized architecture or it's a hybrid ok so having said that about declawing because does actually have an issue with mining concentration. right so that is essential ization of the protocol and

so you've got potentially a group of the asian miners banding together and they would have more than fifty one percent of the hashing power and you know then you've got a centralized protocol and in response to that you've got these platforms like being one of them and card on of being another one i guess talking about how to address that semi centralization issue in another iteration don't you think that a little of the drama going on with the us recently with their launch and the constitution and whatnot and i think that look we're all trying to make this happen so i think what you're nodding your head on open source yeah i mean open source is kind of the bottom line litmus test in terms of we can't be any more open than open source i mean this is what we're doing if you don't like it i mean you know tell us before can help fork it out ok that's

a good rallying cry for kit and elmo a lot of people like to talk without actually you know spending years developing a product and it's just rant on social media without bringing solutions so you know i think the people who are building products are the people who are doing things and if there are elements of centralization in order to get the job done i think that you know we just have to be on the path ok so let's just review again what my eyes dot com is all about so you know what's the elevator pitch what is this rectum thing minds' dot com again just for people who are just joining us now globally and wondering what we're talking about give us the quick and dirty on the. social networking out similar to others but you earn crypto for your contributions and then you can use them use that crypto to boost your post for more reach or send peer to peer to other users on a monthly recurring basis for subscriptions and you know creators can set reward tears and so on. like other social media platforms like facebook that don't give

you jack diddly squat for all the work you put into it here's an attempt to actually recapture recycle some of that income that's being generated back to the user and there are now two or three people in this space right there competing in the space mines dot com has captured some pretty high profile folks that are now migrating to mines dot com was to have can now many people are now working over there. so it's still pretty. we have open so we have like fifty open source developers who have contributed but i mean that i think is an important point like what if we had thousands of developers and that's why you know our growth the growth of our open source community is essential because you can leverage global developers with that if you're proprietary you can't do that i think that the reach is what social networks have as value so the news feed is where eyeballs are that

is a tension you know you don't want to overcome modify attention but we give away the reach in the news feed that is how the network works so we reward the tokens and then we give people space you know every fifteen post you'll see a boosted post on facebook that's a paid ad and it's this whole conglomeration of you know algorithmically fed surveillance content we one hundred percent chronological. we're never going to mess with it so you're not worried about not reaching your file giving away the reach on the sun other words people are posting and that attracts eyeballs and you're not internally monetizing those eyeballs you are you're allowing the users to reap the benefit of the reach of the form and you guys are just focusing on inserting the kaizen all boosted and the enemy is or i can buy a boosted spot you can buy or earn in the money that's. just by participating

you're going to earn toga that gives you previews in those participating i earn some tokens and i'm like you know what i'm going to spend ten percent of my tokens boosting something because i think it's going to earn me more tokens or because my business suggests i need to do marketing expense you know buy some space on the minds dot com so how's it going and what's the growth rate i mean just over the last week we got one hundred fifty thousand users from from vietnam what it was kind of thirty thousand in a week how do you know that real surge is happening you know i mean you do see incremental growth we are you know growing at that steady rate but realistically the way networks grow is just when these media events happen you know maybe some legislation goes gets an acted or some huge just think. you hit the issue of scaling yeah right so you get one hundred thousand users in a week so how's the scaling going what did it jam up or did you just fly through that with flying colors it did not even glitched the issue so we translated to be

enemies now that was our biggest project in the last week so you know now we offer of enemies and english but i think we're really focused on so the major test you passed yet really test and if we now if we translate never language i think that it's going to be here i mean we have people would you ever use it out there was only in chinese that's is a question i can't answer because we're out of time we've got to say goodbye but i'll answer that next time you're on about that thanks for being on the kaiser report from and that's going to do it for this edition of the kaiser report was the max kaiser stacy ever like thing i guess bill out of mine's dot com going away just on twitter it's kaiser report and i stand by oh. it's a very rough for the right sort of providing a. you have to. but fights to be able to live in the flesh. it was

gunshots on top of them and so many friends they would have been going to make and i've made it even up a clod opening having both back up for me you know i don't want to see it but a body in this room is ready to participate in the good. old to me a good wooden movement. you don't think about these movies so good on my own you've got three teeth like any other and other patients. but politicians do something. they put themselves on the line. to get accepted or

rejected. so when you want to be president i'm sure. or somehow want to. have to go right to be prosperous like them before three of them or ten people that i'm interested in always in the waters of my colleagues. first sit. so what we've got to do is identify the threats that we have it's crazy. let it be an arms race is often spearing dramatic development only mostly i'm going to resist i don't see how that strategy will be successful very critical time time to sit down and talk. with us manufacture them sentenced to the public wells. when the ruling classes project themselves. with the financial

merry go round to be the one percent told. to ignore middle of the room signals. to lose the real news is really. close to. some full complement of. people as you know we that. in. the trees. most politicians say that's only the feeling but the kids. all of

a sudden the man just. simple be just what. i said i when they enter it even if they would not allow him. to meet him they will shoot you. mom million million indeed i'm not i'm not young menominee been thought you could have been killed by. you know now that i think i'm a little bit like i mean the economy i used. to . be. oh. you are the you. hear. me oh if you go slow you.

put the shares in freefall amid a purge of fake and suspicious users while donald trump also blasts the platform for silencing republicans. tech giants like spotify have still not made a single cent of profits we look at how this puts the workers in even consumers of risk. also the recalls in the u.s. the stop authorities using amazon's facial recognition to left wrongly matched photographs of members of congress criminals. and a palestinian teenager and two men are killed by israeli soldiers at the gaza border with eighty other protesters wounded to journalist working with our team was caught up in the violence. i. just woke up from beijing

and supplicating. the night you. good evening get good to have you with us this is all tainted. tough times may be ahead for twitter after it shares plunged on friday with the tech giant admitting some bad news shares plunged an astonishing twenty one percent that wiped and incredible six billion dollars off the company's value comes after twitter posted a decline in monthly active users from the start of the year the social media behemoths has now lost at least a million users amid efforts to purge fake accounts and it even admitted that things could get worse adding it now prioritizes stability over user growth but it's not the only thing that's overshadowing twitter president trump claims the

company's limiting the visibility in its search results of what it calls prominent republicans the practices known as shadow banning trump has branded it to being discriminatory hinting it may even break u.s. laws twitter however denies political bias or behavioral ranking doesn't make judgments based on political views or the substance of tweets we are aware that some accounts are not automatically populating in our search box and shipping a change to address this you media are gartside lead they are exploiting their position zuckerberg. always maintained they are not publishers like you they are just a tech but what if they are just a check platform they must allow all use as long as they don't break the law of the country that they're in their excuses oh well you can still see this stuff for this person you follow if you go to their profile well that's a bit like the postman so you're waiting for

a letter. and you have to keep go down the post office to say you got any post for me to date it's trying to ludicrous what they're doing at the moment he's wrong it should be a great classical political discussion they use that for political ends. and twitter isn't the only tech giant facing questions trendy companies like tesla spotify they are posting huge losses than bushell looks at the reasons and how their employees and even consumers could be affected wall street soaring around all time and driving that growth locomotive of these guys who corporations like tesla spotify and dropbox are invested darlings committing even the general public who use their everyday products to buy in her role.