because they start to think well if you have three hundred thousand dollars in savings well two hundred eighty thousand is going to the doctor so you might as well just apply for medicaid you might as well just be spend all that too and in a thousand get be poor enough to get medicaid and medicaid will cover everything so the way to make a billion dollars obviously would be to say take the toss which is the swiss suicide clinic and have franchises available all across america so that in towns and hamlets from coast to coast they can toss which is an established suicide clinic can take patients who can no longer afford health care in america and go quietly into the long night this is a huge billion dollar play and i don't see why not it's well on is if the government is not asking people to commit suicide size of suicide rates in america are not already skyrocketing why are they going up so fast is because people realize that the government's trying to kill so why not just make money on it and get the mic suicide you know mcdonald's to get in to me in a coke fries and kill me you know for ninety nine you know why not jeff bezos could

have a suicide drone come to rome and shoot you dead for like twelve blocks right i mean i'll deliver that why not there was a moment when stephen fry of course who is a famous british comedian lives in britain so has the free healthcare system there no no cost at at point of use where he did a cross-country trip in america and he ended in new york city and he interviewed this taxi driver while he was in a yellow cab in the back and he happened to get to the point where he asked the guy where you know when he planned to retire and the guy said retire i can't afford to retire my retirement plan is a bullish to the head of the sister sing the star-spangled banner why do it that's the way to go is the american way and it's our health care so. another remarkable statistic here is out of pocket health care costs for americans on medicare it up forty one percent of the average social security income in two thousand and thirteen. offit kaiser family foundation no relation to this max keiser those costs

are expected to rise to fifty percent of the average social security income by twenty thirty that found i just love these stories because to me like having lived in europe for twenty years and seeing that there's actually like three hundred million people in europe have already figured out how to make this system work where you don't have to have this absurd a labrat for cock the system of this elaborate system of forcing people to go bankrupt and all the stress and and taking all their lives just in are human right in continental europe you know in france and germany and i think the a case kind of a special case we won't talk about it at this time but in france certainly it's considered a human right to have access to affordable health care for grill through your throughout your life because the idea is that the government the state the person you give taxes to they have a few responsibilities one would be to protect you against let's say foreign

invaders the other one would be give you some transportation options to get around and the other one would be ok we're going to make health care affordable for you you know we're a huge buyer it's amazing that america people joined a group on group to save nine dollars on sushi with their friends on group on and using the group affected by health care but he said you know why apply that group on logic to health care so that you can afford health care and it will make you bankrupt like socialism i would never do but they get all that because they've been trained by the professional media apocrypha see industry and propagandists who run the big media outlets for people to have a trigger response to affordable health care equals communism and they their little sphincters get all puckered up case so we can hear all across america. what the three hundred million spenders. only go to school leaders so you know meanwhile.

they are going to check in to dignitas and blow their brains out for twelve blocks to make jeff bezos a dollar says speaking of communism that's in the headlines today is well my next headline here and apparently with the new neo communist of our modern world china money talks and is certainly talking spanish these days latin america says us you know you can look back for the last two three thousand years and one can see that empires only an empire can act violently only they can act with hubris only they can cheat you in ahead and take your money and leave because they're the ones that are always exceptional and they're the ones with the shining like city on the hill they're the only ones always allowed to do it that's rome or spain or britain or the united states where they only once i can get away with it right now so china doesn't have that option if they went in and threatened these nations it would be un with me and be like how can china threat in el salvador we can't be is that you are trying to solve the problem of the fact that the user interface

for crypt i was terrible you know i'm thinking back in the ninety's back in the ninety's the internet was hard to navigate and then in one thousand nine hundred seven netscape went public i think was ninety seven and suddenly has a browser and that was really the beginning of the internet boom as we know it because it suddenly was easy for people to get on with it encrypt out because it's not easy at all to get into this space it's pretty difficult so is this my right as a part of what you're trying to do is to make it more user friendly absolutely we see it as you know when we're nervous claiming crypto right now to a friend or family member and trying to get engaged it's it's kind of a manual process at this point you know you have to sit down with them or get on the phone and talk about wallets and private keys and we're just thinking that we don't see how that scales but we want to preserve the sort of core values of cryptocurrency the. the transparency and all those things that come with it so we

think that we're taking like an intermediary step right so i know in the case of us these are in of a very difficult very popular crypto out there and many still don't know how to vote for a block producer like fish rock for example is one that stacey and max are involved with and what it will your thoughts on this in terms of. put in these terms you know steve jobs and wozniak or were a pair and was was kind of the tech guy and steve jobs has got a marketing guy you know i think he wrote a code of his life. so you know we lack a steve jobs and i look at the landscape and crypto for example there's a crew has featuring a debate with people that support bitcoin kaz versus bitcoin for it they seems to be a complete hundred eighty degrees removed from what's happening why this is an important industry they've lost it they've lost the plot what do you think about that

statement i do i think there's a lot of people in the industry that aren't really thinking about how people are going to actually use botching rakes is what we talk about is most people don't understand the internet they don't know what's going on in the back and they're just logon to facebook and want to be on facebook you know they don't care about servers and switches and you know same thing no one's going to care about the block change people are not going to get educated on what are distributed you know ledger is you know mutable lead like they don't care they only care about what is it going to do what kind of apps are going to come out how's it going to impact their life are going to make things better you know hopefully what are the value propositions and so to us we know in the industry that bar chain can do a lot for people but until they can access it easily and safely securely. block seems about freedom freedom of money and that's great and will preserve what we're calling like the manual option so for the advanced crypto user you want to hold all your own private keys do all the. stuff great absolutely we're going to have an

insured wallet option for somebody who wants to not deal with that and have insurance and not have to worry about their private key and it is insured while an option ok so all these while it's an exchange is that the problem's been they've been hacked go back to mt gox hacked and there's been many exchanges in a while it's systems that have subsequently been hacked so you got insurance company to back you with it and sure it's product for your wallet is that correct or how does that work exactly we have an underwriter there we've been working with them it's going to offer an insurance policy it's part of the procedures that we're creating so the fact that users will go if you will is that they have to go through to i mean i this is the first insured product of a site i think so i'm not aware of anybody else whose work i want to further say oh yes it's certainly an empire and innovator fina so i mean it starts in astray would be loath to get involved in this because this is part of maturation of this asset

class now if you've got insurance companies coming in and saying this is insurable that's pretty significant in terms of respect given to this as an asset class. so why don't tell me more what else what other features you got on out there what else is happening part of the insurance is that there needs to be security right they want to know what their downside risk is so we're going you know publishing our security protocols with them and public to to everyone but there's going to be auditing of depp's on our chain for security you know what measures are they taking or not we have a what's called a pen testing company penetration testing that we're working with that will kind of white hack outlook ations on the chain to make sure that they're safe because this is all the things that insurers want to see they just don't understand watching and they're going to insure it eventually but most companies don't understand the other features are in the user account we'll have. you know sort of a dashboard where people can access depp's and. the m.l.k. y.c.

data will always be private to the user controlled by the user but the dab skin who require this type of compliance will query the user and the user can decide whether they want to release that they are in fact verified and so there's kind of a whole interchange here but we hope that this experience for users will feel like a google account does right now and then you can click to go play you could look at all the apps for your eon droid whatever how old is this company. about nine months so we started january and so when you say your finance you funded your funded outlets to have count their well interestingly it's not that high we have about thirty people on the team they worry about project. everywhere everywhere so i mean here we have people in new york west coast london hong kong australia jeff to engage in any jurisdiction shopping in other words a lot of crypto companies like you know why we got to be it's what's already got to be in malta we've got to be in this country because that's where they like that's what they want us they want to see they want us there are you looking at that in

those terms absolutely so what do you find we're forming a foundation now we're going to use singapore we think it was kind of singapore or bermuda we pick singapore because of the fantastic you know them offense at based i have a lot of developers right our developers at some point they were holding companies hostage they were saying like were developer are you need to pay us a lot of money and the market was very tight is that still the case or because of the crashing crypto is the price for developing coming down i think we've been fortunate that a lot of people who are block chain and kind of evangelists and innovators see the need for what we're doing so we've had developers who are willing to work for our token at this stage yeah by you know what i found is that developers are really nice for a while until they're not and then suddenly they're like you know what they all day i have a case you're attacked and i'm you give me a lot of money or i'm going to blow down you know they're they're not credit they're not credible people for them and what i found for the most. part they're

kind of scoundrels have you found at the beach or no not yet i hope i don't have to find that. you know as a college friend of mine so i've known him for over twenty years helps and you're connected to a house in some way yes so i was part of the team that helped develop one of the first or the first iteration of the work proposal system and we just put out our sort of bid to the community as if they like what we did worked with thomas cox on that and some other folks in the community for the last six months so the house is out there competing with a ferry am and card on a platform coins like why do you like else if you like else why do you like yes versus all those other coins ever thought on that yes so we looked at a lot of block chain so the idea was right we wanted to bring financial services to the watching what watching should we use and that was kind of a january february experience and ios first and foremost the transaction speeds think everybody understands that fastest in the industry right now as far as i know are close to but account recovery is critical meaning the do this this way in which

ios has a severely for me to designate max max as my good friend i trust you if i lose my private keys i can call up max and there's a process and a procedure to recover that with a sort of a real life person like a trustee and then larry maher is a smart guy you know he's behind you know what is behind steam behind another want bit cheers bit shares and this kind of this kind of this idea of concentration in the network as one where they call in they say was distributed but you know a lot of miners are kind of dominating in asia and is it as distributed as we really want to be distributed and so you know he seems to be distressed that with us was his designated black chain producer. for state delegate a proof of stake i should know because i'm involved in one of these things so so that's been up and running for a while what's the verdict selfie. r i think it's fairly distributed as far as if

you're looking at things like geography would be the example and delegate a proof of stake like are we representative of global regions but there are some issues and i don't think anybody would lie that in the voting there's probably some bloc producers who the community. you know are kind of just backed by some wells and have a lot of votes and maybe aren't great i've heard that one of the bloc producers who's typically in the top five in standings is extremely slow and fairly technically behind some of that but has early days a little bit of friction there pushback in terms of maybe some political shenanigans going on a bit but the idea is that if you have i think a twenty one bloc producers are in the main group and then those voting is continuous and so there's a site this continuous kind of like rolling democratic process that is trying to weed out the weekends yeah and the same as i've done that so far they think that

think that the twenty one black race or same as a whole to be fairly robust i agree and they're down to almost fifty paid positions now so in the back ups so the twenty one are your main producers and then there's backups who are voted they have to get at least point five percent of the vote for their their block reducer team and so you know we're out of fifty block producers are actively being paid to secure the network and engage in so why are you going to be in a year from now what's a goal goal for you so where for five years from now what would you want to be so a year from now we hope that there's hope at that point dozens and dozens of of you know decentralized applications running on chain that our user base that has grown to we're projecting hoping to meet a goal of a million in the first year users. the next the second wave will be the challenge that will be when we get i think outside of the existing botching community and start bringing in. the people that don't know much about black chamber can hear

about us through our marketing p.r. this this account that's easy to use and then applications that are driving people to it you know that's really the goal is to just keep expanding and i'll go right down economist or a bully dot i thank me on that as report thanks for having me all right well that's going to do it for this edition of the kaiser report with me max kaiser stacy herbert want to thank our guest dominic thomas of warbly w o r e l i dot iow if you want to catch us on twitter it's kaiser report until next time. it's become an international norm to say women's rights and human rights but in a world where women make up the majority of university graduates this may not be true how much more women's empowerment needs to happen in the fortunes of these

policies become redundant. in the us and. my answer is that i said to. my. so there are those. and they have the right and the question was how then. do you think i would. put the money out of the modern i don't want to. mislead. i don't. i don't.

know but i will warn them you know what. i will. show you are the. amazing that america people will join a group on to save nine dollars on sushi with their friends and using the group of fact by health care but he said you know why you find that group on logic to health care so that you can afford health care and i will make you bankrupt like the socialism oh no but did they get all that because they've been trained by the professional media ocracy industry and propagandists to run the big media outlets for people to have a trigger response to affordable health care equals communist. or

. the british prime minister urges brussels to put forward an alternative to her brags a plan after it is rejected by the rest of the e.u. . china issues a warning to the u.s. over sanctions imposed on beijing for buying russian weaponry. and the u.k. tabloid we're tracking a story about

a russian model who claims president putin tried to have assassinated me in the. latest on the stories you can head to our team.