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. 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 the birth process. and ross unfortunate famous 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 those 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 these 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 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 now 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 is the managing director. of the barbados stock

exchange 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 proof to us that we basically gone through the process of talking to our regulators developing a framework having to try to play those stages of being a they're being with you know you're also playing the legacy on a trading platform for. 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 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 assets 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 once the particular asset meets the criteria of you doing best your best in mind you are expecting a profit from an enterprise. through the efforts of others basic hobby tests. criteria you can be listed on or it should be made sure about our securities facilities the listing of crypto us a specific yes i mean this is a security book and about his speech point we're not saying that one suspects of crypto assets but about you see these were. something that we've been talking about for some years you know it is. barbados we set up

a working group to discuss it 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 right from a legislative point of view by industry and speech sebald if there's a need for change to register for work people do so what sort of timeframe you're looking at here is twenty nine thousand roll out we're looking at only after the end of the first quarter probably the middle of the second quarter of three s. or. ten and marlon the there has been greater acceptance of the trip goes 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 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 phone and binder 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 us are you looking at this speed script to us it's cryptocurrency this asteroid 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 will go after it we studied it i mean after a while 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. mode levon is

back with he notes he gave us a special tour of the first ever museum will be back you know what. it was you know provision on my back when i wanted to. get. there so you'll hide oh i lost his boss because. we've. heard any of those in person but the. so now says you know you're not. you know just i mean my most wanted i'm already but it was. i mean we're going to. give it up as well i must. get off on getting letters but those were the. one of those but i was just one of these on. my body and we've got

a bomb i just bought that already and yes it will be in the. museum in ticket. to. reach terminal building no amount of economic activity going forward will ever provide the tax revenues sufficient to pay down the step we're past the point of no return we'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 pile which means loss an income gap are guaranteed to increase which means the movement is going global and the global insurrection is upon us and that's a guarantee. as an officer of the told

to get up off the ground the officer began to pet him down. and then place on the sounds of kind of fighting into the grown man like wrestling essentially the officer who. threw his jaw on. the visual twisted away from the officer. out of his crib. the obvious or did they kind of lunge for the weapon once missed and then what happened on three swung at the officers hands didn't hit him i never saw any contact between the two 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 did it on three.

one of the things they do this year that we came up with is because there's 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 now there's interactive q. arcos 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 cyber funk coming up with the idea of a digital currency that for the people by the people. and we obviously have the guy fawkes masks 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 in 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. and the. genesis book again you can look up all elements about who are so 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 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.

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 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 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 files and 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 the people that 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 and that. 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 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 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 of 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 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 it's like in the future and how big point is interacting with it we've got a fan showing different images the big one but really the future is unknown with 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 is mold live in a keynote the co-founder and 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 to like bob and i 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 before and nine hundred and nine hundred thirty three i mean f.d.r. becomes president he trusts the banks for a week he confiscates 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 the same time that you know that. unstarted that's right and because of the started as an alternative to the national money it's a global asset that belongs to individuals 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 chile and some 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 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 question 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 the people's confidence in the system smooth talk radio voice that 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 radian agency did what it did last summer like 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 have occurred. even partially it's in the 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 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 one at the time you were going to say she was found it was founded to to a to educate people about 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 it was that 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 wore 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 or 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 end 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 in 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 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 bad for 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 say all looks these. comes in 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 that 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 tucker at 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 blocked change in crypto so we go forward it's one of our favorite subjects thank you for being with us can always catch boom bust at you tube dot com slash boom bust r.t. so long for miami.

when they came back from a. marijuana her it was cocaine methamphetamine so anything that's altering trying to get this out of. that bad mindset using the chemical that would be so. i want to be drinking and drinking just killing myself but i. don't drink to get drunk alcoholics drink to feel normal. that's why it's this way drug addicts. shotwell so i mean they're. star cool under which these guys are going through to do it it just means to. need to be helped and pushed on by the v.a.'s are as drugs go and stuff they need to be built. and they just really should

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. because you know provision i want to know what we. owe. you for your hydro alaska's boss because. we. don't have any. but that's one of. the. choices you know you're not. you're not just on the most wanted i'm already but it was. a lot going to go with. this one up as well i must. get off on getting noticed but those were the. one of the. then we fussy about what you just bought that's

already. in the thought of getting up. to get up off the ground. on the sounds of. twisted away from the officer. who did a kind of lunch for the web in one smiths and they would have been done. and confiscations didn't i never saw any contact with. any kind when back to where they

were back here again fifteen feet apart at this point. he's got three. in twenty forty you know bloody revolution of you tube demonstrations going from being relatively peaceful political protests to be creasing the violent revolution is always spontaneous or is it still we hear i mean your list put video at three in the new bill is that i mean you split needle the former ukrainian president recalls the events of twenty four g. and. those who took part in this did over five billion dollars to assist ukraine in these another goal that will ensure a secure and prosperous and democratic. led .

police . eat. sleep. sleep sleep sleep sleep. sleep sleep. take acid more to count on are called into action in paris and to government the states for a tenth consecutive we kind of cross france despite president launching a national debate to placate the protesters.