here's. this is boom bust broadcasting around the world and covering the world of business with finance and the impact upon all of us i'm part chilton's coming to you from miami florida at the north american point conference and boy do we have a show for you today all block jane crypto stuff all of the program we can't wait to get to it you're ready let's go and we're here with the levin the c.e.o. and founder of keynote mo so great to have you with us thanks for being so we're at the north american bitcoin conference obviously and you put these conferences together all over the country in the world in fact to tell us about the excitement

that continues to be around crip those a bit point even though last year was sort of a down year but it seems to be like and 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 have no way of knowing because in the 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 and keep growing he building. 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 conference is 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 try. 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 when chain meeting last year. in twenty fifteen started 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 speaking and that's one of the other benefits of these conferences who are you and you're

speaking who are you excited to hear today there's a 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 that little birth process. and ross unfortunately famous from 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 any money for those it would mean that goes to you for doing things that are just in the street so she's going to speak she's going to speak then we have the founder of t.'s euro and overstock patrick byrne speaking they're working on great projects and 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 how they're 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 archie america mole 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 with us marlin welcome good to see you tell us about something you are doing something innovative that no exchange around the world no government has done tell us about it. and launch our trade in top form for. we've gone through the process of talking to our regulator developing a framework having to try to buy those stages of their being with you know you're

also playing like on a trading platform for. made up largely as part of our international securities market this is a market that developed a few years ago i think all idea is to barbie this basically attracts international businesses set up the international securities market to facilitate the listing of security on our 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 asset so this basically covers all aspects of it to us so what we're seeing is our main focus store is the spew security story but what's the particular facet. of the good best your best in. you are in a profit common enterprise. after some others basic hobby tests.

criteria you can be listed on or it should be made sure about our securities facility the listing of crypto us a specific yes and it's secure it opens about his and spaced out your point we're not saying that one suspects of sets but about the c word. is 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 read from from a legislative point of view by industry and speech you balts if there's a need for change and you registered for work people do so what sort of timeframe we looking at here in this twenty nineteen rollout we're looking at later that came up and first quarter probably the middle of the second quarter of twenty s. or. and and marlon the there has been greater acceptance of 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 the service to be provided in the crypto space at the barbados stock exchange yes so no one of the things that we identified is that the space is is growing and we wanted to make sure that we offer a service you know if you don't want to be. treated far behind the process you want to be right there on the on the fun so we identified the opportunity it was all part of when we launched international security so we did our various trips around the world everybody was asking us are you looking at this at this speed script to us it's cryptocurrency this effort and it got us thinking i mean he said that this is something we need to serious. if you look at it we identified it and we said

real real go after it we studied it through tomorrow and we can't take enough for sharing it with us i knew congratulations on being entrepreneurial and forward thinking and providing a real service so when it when these things all get online marland yarde of the barbados stock exchange thank you our one. 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 mode levon is back with keynote you give us a special tour of the first ever bitcoin museum will be back in a flash. what politicians do so you can. put themselves on the line they did accept the reject. so when you want to be president i'm sure. some want to. have to go right to the

press to see what the full story of the boy can't be good for. i'm interested always in the waters in the. west should. reflect there's someone else living inside of me or controlling my body. the byproduct of that drug is because like some of your friends. because it would only meet him into a zombie it's crazy. you know i mean we don't have to do anything that's not our fault that she was crazy and all that. here's a traumatic time to get rid of. one

of the things they do this year that we came up with is because there are so many people coming into the industry maybe within the last year or 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 coin 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 although there is in direct if you are close 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. coming up with the idea of a digital currency that for the people by the people. and we obviously have the guy fawkes mask everywhere it's really demonstrably shows how 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 suppose in the past. when they see. genesis book again you can look up all elements about who was totally and what do we know about him. so if we came from the foundational how did we get to digital currencies to now suppose he came up with the vision of that coin with the genesis book now let's look at a bit of the price of the quantum what happened with the 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 point for him 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 because a bottle of wine. got

a 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. because dropping forty percent going below fifty eight dollars which of course we now know in retrospect it was a great deal. it's funny and interactive to see that it was the early days people were just finding about finding out about because there wasn't much of a value but people were interacting it in interacting with it in funny ways and so this is celebrating that so. you know we were 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 is 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 quite a while and i said oh if this is going to be a good day i looked at all of them there was nothing in it. 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 but a lot of people are regretting it what else you have all right so this next room 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 in other dark now 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 us 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 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 have were convicted as being a part of the silk road. and 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 russ 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 the mt gox collapsed and for people that aren't aware of the month gox was the currency exchange where you can buy and sell and repeal 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 of twenty fourteen i'm sure that it doesn't make those who lost money at mt gox be 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 it went to it got but half of it not all of them got paid 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 the flake in the future and we have. it 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 a little company. 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 and really with a deep history lesson about the history of the american defaults and nine hundred and nine hundred thirty three i mean after our becomes president he trusts the banks for a week it's all the gold he devalues the dollar and invalidates 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 that 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. interests 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 liabilities it gets in the hundreds of trillions even two

hundred twenty trillion so what do you think it is that what why would we not pay our our debt and i ask 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 this shutdown this extremely significant because i think it's going to show illustrate or really fuel what i lost first of death maybe yeah 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 dog 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 the rating agency did what it did last

time like five years ago and start to reassess the quality of america 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 past 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 state 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 grab the granddad to download a wallet and use crypto the best way to 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 about it because historians don't talk about it and most people don't know i think you know it's funny thing happened after nine thirty three we had you know the great depression with no not the time you were going to say she was found it was founded to a to a and to educate your body cannot mix 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 and the bad bad prices and pretended as if the system was all but everything is worse now than it was then 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 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 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 they did but it is around now it just seems to me going to these conferences that there is so much greater acceptance that people in the kiosk here are there 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 and seen a better quality of attendee than i've ever seen before in a level of excitement and seriousness i mean there was a lot of goofy stuff that was going on last year i don't know if you came let's hear but i mean you can't believe the number of not being paid since 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 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 on 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 are never going to mouth 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 two thousand hour rule in the world so you know history economics is funny you know you think you know you may not know jeffrey talker of 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 could always catch boom bust at you tube dot com slash last r.t.

so long for miami. you want to make sure that the qualities not just a slogan reasonably but the tone so is associated with the rise in this the believe how can you have a rise in this the. by having people who reach a saving and investing. broadening increasing the size over the national park so that we can to steve bould who it was like. please reach terminal debt build up then no amount of economic activity going forward will ever provide the tax revenue sufficient to pay down the step we're

past the point of no return we've gone through the debt looking class this means only one outcome that central banks will continue to print to keep the interest going on this insurmountable debt pile which means wealth and income gap are guaranteed to increase which means the g.l.a. show movement is going global and the global insurrection is upon us and that's a guarantee. in twenty forty you know bloody revolution here to crack the demonstrations going from being relatively peaceful political protests to be increasingly violent revolution is always spontaneous or is it your style or here i mean you are liz put that he would put him in the neighborly is out of school in the middle of the fall the ukrainian president recalls the events of twenty fourteen. those who took part in this today over five

billion dollars to assist ukraine in these and other goals that will ensure a secure and prosperous and democratic place. i've been saying the numbers mean something they matter us is over one trillion dollars in debt more than ten white collar crimes happen this. eighty five percent of global wealth if you want to be ultra rich eight point six percent market saw 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's building two point one billion dollars a i industrial park but don't let the numbers overwhelm. the only numbers you need to remember in one one business show you can't afford to miss the one and only boom bust.

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a friend of the president has told r.t. she is extremely troubled.