bitcoin conference obviously and you put these conferences together all over the country in the world in fact so tell us about the excitement that continues to be around kryptos a bit point even though last year was sort of a down year but it seems to be like it's continue to generate a lot interest there is a lot of interest and it was surprising to most of oh i don't know if this is going to be a funeral or a party i had no way of knowing because of last year and that's and we have five thousand people that how can we beat that in a bear market like this the people here are very excited keep grow and keep building. but let me ask him ok so. you deal with the people that have the buddha success just inside the door is there and my experience although we had somebody here last year but i wasn't here but my experience at these conferences that a lot of times they were sort of there one year the not there the next year they couldn't raise money except but it seems to me that maybe you have some repeat

folks trying to sell their wares and get money is that is that the case or is that just what i'm thinking you know from the from the events we have about a seventy percent retention rate. sponsors keep coming back what's interesting about this event in particular is some of the biggest companies in the industry of started here and have met their co-founders here from twenty fourteen the theory of launching on this stage to when chain the co-founders and one team meeting last year. in twenty fifteen starting their business together. and sponsors continue to see value and extract value from these events conferences are unique place for people to meet each other and grow their network. the online environment is only so good exchanging e-mails and calls and forums provide only so much but the data transfer rate of talking to somebody is so much faster and high quality than talking online and no i mean you've got all sorts of people here speak. and that's

one of the other benefits of these conferences who are you are speaking who are you excited to hear today. many great speakers that come to the bank and we have a wide range because crypto has a wide range of people in the ecosystem. we're opening up the day with no birth process. and ross unfortunately they miss the silk road of course with two back to back life sentences in prison for running the silk road which many companies wouldn't cover because it's quite a political message and to have anything for those that would mean those to you for doing things that aren't just in the street so she's going to speak then we have the founder of these euro and overstock patrick byrne speaking there working on a project that i think they're going to have a great announcement today. we have people talking about security tokens and how the industry is evolving we have one of the co-founders of heather speaking great sellers. it's always exciting to see what they're going to speak about and how they

feel because i think this event is a bit of a canary in the coal mine for the whole industry how does this go how does it feel gives us a sense of what the year is going to be like no we know you've got to get in there and speak but we can't thank you enough for being with us and spending time with the boom busters on r t america mobile levon of peano thank you moreover. we're now joined by marland yarde who's the managing director of the barbados stock exchange and we've got some breaking news here today i couldn't be more excited to have it with us marlin welcome good to see you thank you tell us about something you are doing something innovative that no exchange around the world no government has done tell us about it ok well we're in the process and launching our trade in top form for pripyat so we'll be going through the process ok. talking to our

regulators developing a framework. to try to find those stages of being a they're being with you know you're also playing a legacy on a trading platform for. right made up largely as part of our international securities market this is a market that's been developed a few years ago and the wall idea is to barbie this basically attracts international businesses beast set up the international securities market to facilitate the listing of securities on board in hard currency so what will this asset be called you have a product name or a token name or something for yeah we're saying that digital assets so this basically covers all aspects of the two assets so what we're seeing is our main focus store is the spew security story but once the particular asset meets the criteria of you you invest your best in money you are expecting

a profit from an enterprise. through the episode others basic quality tests. criteria you can be listed on the right we've made sure about our securities facilities the listing of crew to us a specific yes i mean it's a security book and about his speech stuff when we're not seeing that one suspects of crypto assets but obviously these were. something that we've been talking about for some years you know in barbados we set up a working group to discuss that to see how we can work to come up with a position that can work there's not too much we have to do from a rep from from a legislative point of view bust the industry and speed the balls if there's a need for change in the registered framework people do so what sort of timeframe we looking at here is twenty nineteen rollout we're looking at later that of the first quarter probably the middle. well the second quarter of bass or. and and

marlon the there has been greater acceptance of the trip those in general and we all know about the chicago mercantile exchange group and the chicago board options exchange you actually have some velocity with their volume does this acceptance of those folks and others sort of that instigate you to say look there may be money to be made in a service to be provided in the crypto space at the barbados stock exchange yes so no one of the things that we identify is that the space is it's growing and we wanted to be sure that we offer a service you know if you don't want to be. treated far behind the process you won't be right be on the only one so we identified the opportunity it was all part of when we launched into national security so we did our dearest trips around the world everybody was asking is are you looking at this speed script cryptocurrency this separate and it got us thinking i me said that this is something we need to

seriously look at and we identified it and we said we'll go after it we study the path through tomorrow and we can't take enough for sharing it with us and congratulations on being entrepreneurial and forward thinking and providing a real service when it when these things all get online marland yarde of the barbados stock exchange thank you marlin. time now for a quick toss for the promotional cause but hang here because when we return there is more from miami florida at the north american going conference including most levon is back with keynote you give us a special tour of the first ever bitcoin museum we'll be back in a flash. that entire collection of countries and regions that have been the main economic. players for decades now oh. over time they're going to become this much more

players of the world is going to evolve china india the middle east africa. under certain scenarios they're going to represent about eighty percent of world g.d.p. at the end of the century and that scenario is where they do catch up in terms of quarterly growth. officer and the code to get up off the ground in the office or begin to pay him down. democrats on the sounds of kind of fighting in the grown man like wrestling essentially the officer who. threw his return. which threw away from the officer pulls out of his group. the obvious or did they kind of lunge for the web in one's midst and then when it happened on three swung at the observations didn't hit him i never saw any contact with. any kind of went back to where they were so the officers back here there try again fifteen feet apart at this point and that's when

the officer pulled out his gun and he bit down tree. if like there's someone else living inside of me like controlling my body. the byproduct of that drug is the cause like severe depression. because it will need one to be it's crazy. you know we don't have to do anything that's not our notions crazy and all that. appears traumatic.

one of the things that do this year that we came up with is because there's so many people coming into the industry maybe within the last year six months we wanted to showcase how we got here and there's been this. new trend of instagram places people go to these instagram place and it's very good pictures you can make and we thought why don't we do this with the queen let's give people an experience of the last ten years of crypto or more and walking through it in an interactive immersive way so i'm really looking forward to showing you what's inside. so this is our first room and now there's interactive for your cause where you could read more about what room you're in and this room is going over how we got

here what are the foundational elements to cryptocurrency what how did what was the first instances of digital counts. what was it like in the with the anarchist and cyber funks coming up with the idea of a digital currency for the people by the people. and we obviously have the guy fawkes masks everywhere it's really demonstrably shows how crypto those were so revolutionary remain revolutionary even to this day a great beginning to the museum. so this next room we're in goes through this interesting curiosity in crypto which is who is the toshi and we've made this area you can sit down under i am not going to go and anybody could be so toshi and a funny piece of art with the amount that toshi with all the people suspected of being so totally in the past. and the. genesis book again you can look up elements about what do we know about him. so

if we came from the foundational how did we get to digital currencies to now suppose you came up with a vision of that coin with the genesis book now let's look at a bit of the price of the quantum what happened with that coin in the early days of the store one of my favorite rooms. the big point pizza room and so this was a famous moment in big point history where somebody posted laszlo posted on a big coin forum saying i'll give ten thousand big corn to whoever will buy me two pizzas and underneath each one of these slices of pepperoni is the price of whatever it was in two thousand and eleven twelve thousand because in computer here we have a ninety seven big bottle of wine. thirty because. kind of you know butter and a wall of shame people posting on twitter how sad they were for selling big point

at six cents instead of thirty cents. rubini talking about. between dropping forty percent going below fifty eight dollars which of course we now know in retrospect is a great deal. it's funny and interactive to see that it was the early days people were just finding about finding out about bitcoin there wasn't much of a value but people interacting it in interacting with it in funny ways and so this is celebrating that so. you know we are talking to our headquarters yesterday about you know these people that actually threw away coleraine let alone those who you know lost their lost their keys some of those folks must feel pretty bad they just tossed them are they trying to get them back and going through whatever dumpsters or something yeah there's services recovery services that will do this for you. i found an old computer of mine from two thousand and eleven and i found a lot of big question while i said oh if this is going to be

a good day i looked at all of them there was nothing inside. but other people have lost their passwords and there's recovery services to find them and brute force these passwords to find out what's inside but. over the years the numbers range from anywhere from five to thirty percent of crypto have been lost in transit which is one of the other learning curves the one of the other. and he said it like. it's one of these other educational moments where people are learning how to interact with a kind of clunky new technology where. it doesn't work well you lose some in the beginning but at the point where there was so many big coin around where you were buying a pizza for ten thousand because losing five thousand because it is wasn't as big a deal as now which would be losing one point five million dollars create these are crazy numbers you're talking about crazy numbers boy a lot of people are regretting it what else you have so this next from is

a bit intense but also worth speaking about so we recreated russell book cell. to showcase so after many because we're around in the first instances of big point in money and people buying things with crypto the silk road was created another dark night marketplaces were created. and then what came with more regulation and severe regulation making examples of people and for people that haven't been in the industry they don't know this history and we thought it would be worthwhile to show the people that have paved the way for better or for worse we're all part of this experience that we have no. you know well and for those i mean most of you will watch our show and probably know about ross but can you just give a quick thirty second of is history i mean he started this online thing called crypt silk road but take it from there mobile so ross was accused of creating the silk road which was an online marketplace for people to buy and sell anything

almost like an a but with crypto currency yes there were some bad actors on the marketplace buying and selling drugs or counterfeit money as well as pens and stationery and whatever. to make an example of ross for other people getting involved in the dark net. he was sentenced to a double life in prison with an additional forty years on top of it and on the wall over here we have five other people that were convicted as being a part of the silk road. as you said ross's mother lynn speaking today at your conference that's really interesting so this is quite an emotional room we have ross writes tweets on pieces of paper so she can put them on line there's a petition to free him but it gives people a sense of what. what has happened in the past and i think that's valuable absolutely very interesting. so this room showcases

a bit of the mt gox collapse and for people that aren't aware of the month gox was the currency exchange where you can buy and sell your pill in japan which failed to tremendously due to hiking and negligence and insufficient technology and we have a while dedicated to the great bear market a twenty fourteen i'm sure that it doesn't make those who lost money at mt gox feel a lot better but at least some of the money at lower prices were ultimately paid back because it was like five or seventy five million dollars they did get some back but they got it back they didn't get it back at the nineteen thousand nine hundred ninety nine dollars or whatever when it got but half of it not all of them got pay but at least it was some of those hacks surely needs to be something we address as we go indeed in the industry and these these were part of the growing pains the growing pains of ten thousand decline pizzas and the growing pains of

people that were convicted for being a part of the silk road and the growing pains of an exchange collapsing which taught everybody to be a bit more careful with how you store your money. so this remains a bit. interesting in that it's it's nearing and it's futuristic because we don't know what's coming next there's a v r experience where you can fly through outer space and see what if like in the future and wow. big point is interacting with that we've got a fan showing different images a big point but really the future is unknown very exciting to think about what could be and what people can build in the future. but we don't know there's new things coming every day and there's a. very important and smart people working on the future great way to end your museum mold live in a keynote the co-founder and the president thank you so much for coming. can we are so pleased to be joined by one of our best friends in the crypto world geoffrey talker of the american institute for economic research jeffrey got so great to see you here at the core north american bitcoin conference now you were

a speaker here and you were telling me just a little bit ago about what you spoke about which i totally didn't expect well this is my fifth year at this conference by the way so i've seen you know from the very beginning all the way back with two thousand and fourteen. and i think you know everybody's talking about the crypto industry i went in really with a deep history lesson about the history of the american before and i never did and one nine hundred thirty three i mean f.d.r. becomes president he trusts the banks for a week it's all the gold he devalues the dollar an invalid it's every gold contract that's like banana republic kind of stuff and i the reason i told the story was just to illustrate the possibility well the reality that it did happen and the possibility that it could happen again because that's that's what these guys always like to do they like to cite historical precedent so it relates to the crypto problem because in one thousand thirty three the response american dream was to hoddle dollars and gold right and that created the basis for the postwar boom and

in two thousand and eight same thing similar thing happened the velocity of money crashed everybody just went to where safety was and that's when we saw coincidently in the same time you know a bit coin started that's right and big kind of started as an alternative to the national money it's a global asset that belongs to to him. in trees and so in that sense it's a new safe haven they don't have that all the opportunity in one thousand thirty three my point is that we have that so that and that's a very important innovation and i think it's history historically significant now so let's talk about the default a little bit i don't have the exact figure but i think the debt not then you will deficit is something like twenty one trillion dollars that was i mean these are just astronomical numbers we don't even know what these numbers mean but if you look at the unfunded liability if it gets in the hundreds of trillions of them two hundred twenty trillion so what do you think it is that what why would we not pay

our our debt and i asked this in light of you know the worst the longest government shutdown ever when congress and the administration can't get their stuff together right questions i think the shutdown this extremely significant because i think it's going to show illustrate or really fuel what a loss or state of death maybe yet it's a loss of confidence in our public institutions right i mean the whole the reason the u.s. government didn't become a bad banana republic after nine hundred thirty three is that people's confidence in the system smooth talk radio voice is. you know that can go a long way but now with the shutdown it's like wait the system no longer even lurks so the question is what happens when the fed is trying to unload its balance sheet and also intimidated to not raise rates and a lot of the ministrations demands and so it's caught between a rock and a hard place at some point what happens with a rating agency did what it did last time about five years ago and start to reassess the quality of american that. could trigger a global disaster so your. theory or contention i don't know

how far you want to go with it but is that when this potential default occurs or if it could occur even partially this impasse that back in the day you know people looked at gold and. people still look at gold but now rather then something physical you could touch and feel they would look to crypto as a safe haven people for the last ten years have been looking to treasuries as a one stage place what if they no longer become safe i think krypto is going to be the thing you and i talk about this whole time how we're going to get mom how we're going to get grandmother to the granddad to download a wallet and use crypto the best way through adoption is necessity i think people are going to learn real fast the fact is that this asset is out there and right now people are like well it's a little weird it's not really for me but what happens when things get crazy.

divergent and interesting thing no wonder you are so popular here at the north american bitcoin conference i'm fascinated by it because historians don't talk about it and most people don't know i think you know it's funny thing happened after one thirty three we had you know the great depression with no one at the time you were going to say she was found it was founded to to a to educate your body economics because it was just such an egregious confiscation of american wealth then we had the big war and everybody kind of experiences the store so people talk about it anymore but you would say it was a catastrophic event and i don't think we've learned anything since that you know look what they did in two thousand and eight i mean the federal reserve just bought up all the bats the bad assets the bad bad prices and pretended as if the system was all but everything is worse now than it was then and far worse and we don't have the liberality in the sort of banking system we had in two thousand and eight so i don't know what's going to happen at the next crisis and it's coming it's coming you know we all of the congress should war off another big bank

bailout and they they said that dodd frank that as you know i had a lot to to do with says that we could no longer have a big bank bailout but here's the bottom line for all the viewers is that congress can change the law like that they could say yes i mean. if there was another default they could do something i'm not sure what that would be but don't think for a minute that they will let major whether or not it's the banks or the auto sector they're not going to let them fail and the economy go down but thinking about going to crypto is such an interesting and exciting concept of assets the global asset the belongs to individuals and immutable way to transfer the whole value and transfer it to appear anywhere in the world outside of the banking system i mean that's that's extraordinary if that had been around in nineteen thirty three great depression would have lasted as long as that but it is the around and now it just seems to me going to these conferences that there is so much greater acceptance

that people in the kiosk here are they're coming back as opposed to they were here they didn't get funded they're gone but talk about acceptance of kryptos generally i would say the industry is a lot more stable now i think two thousand and eighteen it was a difficult time but it was actually good for her in the because while you have here the survivors in a way but they're sophisticated they're serious i'm seen a better quality of attendee than i've ever seen before and a level of excitement and seriousness i mean there was a lot of goofy stuff that was going to last year i don't know if you came let's hear but i mean you can't believe the number of nutty places we were getting from you know it was clearly boom times in retrospect it's so obvious now but this year was very different the the analogy that's been made in the past is to the dot com boom and people talk about how much money was lost but then they point out in the other hand we've got all these great companies that are out there so yeah we did

have to sort out the wheat from the chaff but it turned out to be good for entrepreneurs for economies around the world it was transformative right i mean at the time people were saying all looks these dot coms that never going to out anything three years later you know everything changed and then of course now here we are where we are all those dot com companies. lost so much money in two thousand and now we're in the world so you know history economics is funny you know you think you know you may not know jeffrey talk or the american institute for economic research what a pleasure to have you. and that's it for this time boy was this fun being a miami at the north american bitcoin conference we'll continue to cover walked chain in crypto so we go forward it's one of our favorite subjects thank you for being with us and always catch you tube dot com slash r.t. so long for miami.

because you know provision of my point i wanted to. ask but i. just i don't hide oh i lost his boss because. we sources you know. any of those it doesn't but the pressure on us. has been. so nice that you know you're not. you know just i mean most of it i'm already but it was just. i mean it was. just it up as well i must admit that he was i just don't get it i'm getting letters but those were the ost. people are going to respond on one of those but it was just this where this part of this i'm with. my family fussy about my just but that's already yes equestrian in the thought of getting up there with you

. just got to. reach terminal. and now i'm out of economic activity going forward what's the point. no return they've gone through the debt looking glass this means only one outcome that central banks will continue to print to keep the interest going on this insurmountable that pile which means wealth and income gap are guaranteed to increase which means the g.l.a. shell movement is going global and the global insurrection is upon us and that's a guarantee. when i came back from iraq oh mary i want to her was cocaine

methamphetamine see anything that's altering trying to get us out. that bad mindset using the chemical that would be so. i want to be dream kenyan dream keno new nope just killing myself. now go home links don't drink don't get drunk alcoholics drink to feel normal. that's why it's this way drug addicts you. shop while still going in there right here star cool under which these guys are going through to it it just means to. reduce need to be hoped and not get pushed on by the v.a.'s are as drugs go and stuff you need to be built. and they've really shouldn't be looked at like numbers they should be looked at like people if they go to a veteran center for health issues be considered as someone who really needs attention. that entire

collection of countries and regions that have been the main economic. players for decades now over time they're going to become just much more players the world is going to evolve china india middle east africa under certain scenario . as they're going to represent about eighty percent of world g.d.p. at the end of the century and that scenario is where they do catch up in terms of productivity growth. germany sets out to save a cold war era nuclear arms treaty with the u.s. about to pull the plug on the agreement meanwhile russia warns washington the move could threaten global security saying it is ready for dialogue. an american born iranian.