he realizes it can't be that he's trying to join it i remember i talked about that closed permission system of the central banking fee system and their member banks well j.p. morgan is the number one member bank of that system and who is the central bankers central bank and that's the bank of international settlements so now that they see their members and their permission to network starting to break off and see the glory of big way now they're starting to really basket big queens proof of work algorithm needs replacing argues b i s study the proof of work p.o.w. algorithm used by big question and some other crypto currencies is not viable in the long term they said it needs to be replaced argues a new study from the bank of international settlements big queen is vulnerable to double spending or a 51 percent attack and also that the system stops awarding big coin as block rewards to minors and then once that happens out in 2140 the system will no longer

be secure i don't think it's going to become less secure it will are a certain price action expecting a huge boost in price. it's not a bold the thought of being able to my the bitcoins but it's about the transactions on the transaction fees that should make up for the minor rewards that article from the bank of international settlements obrador nagano or. been working for 10 years really really well 8 so much that you're right in favor of your own word or guess what maybe your system is not going to work in the future and you know it's have more proof of keys and let's see who actually owned what and what's recorded on the option remember bitcoin is a system of social justice disguised as a get rich quick scheme and so the bank of international settlement is the queen of get rich quick schemes. it enables the central banks to print money without any

collateral to their member banks who then use it to buy for a $150000000.00 but it never trickles down to the actual wage earners that make the economy work so the bank of international settlements head and everyone associated with the bank of international settlements must be gobbled up by the big black hole . and also in $21000.00 you're seeing more and more of these headlines all over the place about the an enormous amount of electricity that because we need is and appealing to millennial that don't use bitcoin it will destroy the planet even if the corn for example did consume too much energy which it doesn't there are services there all are very good arguments for because as a force for good in energy for example is extremely good for renewable energy why because renewable energies are for the most part intermittent so you don't decide

when it's sunny you don't decide when it's windy and if you don't don't don't don't say when it rains for hydro electricity for example so you're producing energy while there is no consumption so what you have to do you have to store it we have to transport it very far this is very expensive and you news editor city as you transport it so it makes renewable energies more difficult to manage because you have these surpluses that you have to plan for so what are going to do the surplus a coal plant you put the coal in it burns you don't need to have to run all don't put cold in the oven so it's if you're analyzing am i going to go for renewable or nonrenewable you look at renewables i have to deal with all these surpluses i might go for the call instead it's much cheaper but with big point where you can do is you can bring the big corn miner and the surplus so you cannot transport electricity over big distances but you can certainly transport a shipping container full of miners and that is for example what they do in canada for excess gas that's you can't flare it because it's bad for the environment you can't store. when you do you can't release it in the atmosphere it's methane you

need to do something with it that's my big point with it right so because it can make energy more liquid and if it makes energy more liquid it makes energy markets more efficient and if energy markets are more efficient people will always just go towards the thing that is consuming the least energy and whatever's consuming the least energy is also usually what has a less waste and byproduct and it's usually renewable energy september 15th 2008 lehman brothers collapse the entire financial system was on the verge of collapse everything was going under october 31st the toshi nakamoto printed the big queen white paper for peer to peer cache nov 26th 2008 quantitative easing began 10 years later we had q.e. one star at the same time as big coin 21010 years after the birth of bitcoin we have another statement from the federal reserve bank february 8th $21000.00 fed says it is currently discussing using quantitative easing as

a regular tool not just during emergencies or when the fed funds rate is at the 0 value and. quantitative easing is now permanent it's minimal during many evil times the kings who control the economy for the serfs and they had co-opted the priests who would then absolve them by allowing them to buy their way into heaven using paypal indulgences now we have the central bankers who have the papal indulgence system called money and the serfs in this case are everyone trying to get a new high screen t.v. high def t.v. or some other trinket that the consumer economy is promising them and the price keeps going higher and higher but their wages on a relative basis go lower and lower and the permanent underclass keeps growing and the rabble risers are rising and the social unrest is in. increasing and there's no

and the occupy wall street and all the uprisings we see all around the world are the result of irresponsible central bankers killing the value of that money that they say people need to earn to afford a lifestyle that hope either way is being pulled out from underneath them by this permanent upper caste of money printing banker priests who are equating their lawlessness with godliness and that is always and forever more be the basis of a global insurrection it took for hundreds of years the french peasant accepted the divine right of their kings and then until one man made off their heads and then they chopped their heads and you know the equivalent right now in the sphere system of let them eat cake as well let them have food stamps let them have medicaid and they'll be fine right now you're ok but there will be one moments when you realize that there is big point that you can actually be totally free and on the same have

the same rights because you do have the same rights you just haven't asserted that you just don't know that you have that power to mr and big you know it all it's bubbles up in a grassroots way one by one person by person and so eventually they're not going to be able to acquire the resources to provide the food stamps you know they're not going to be able to bail out those people with food stamps they're not going to be chancellor on the 2nd ring a bell labs and we're going to be able to bail out the banks. also in 21000 we've seen kaiser report received the lightning tort this was the hash tag l. and trust chain and it was started by a guy with just an avatar to his name hold on not and the tweet was to max kaiser it's time to pick up the hash tag l. and trust chain soon max that was on february 8th 21000 you responded should do it while recording kaiser report he wrote back yes i sounds like the. perfect plan.

oh you received it i know i'm going to. hold this 1st 2nd yet you got to hold the camera you got it so don't put your finger in front of it ok and trust chain received. thank you. toshi. ok that's great. now we're going to send it our thank you. photo not restarting old thing thanks jack dorsey for making a blow to all the lame developers all right i think you think i was right. i. asked. the.

guy i don't want to talk to a communist news agency forgive me you'll have to find someone a. well defined as they were this was to get me. going to be just like jews. exactly when my father. yes see him to the point.

we have to do the best 2. i think like now is the time to come to this book and fight off the vote it's an indication of how important most movements all. so that it's all to do because we have a move towards we are definitely winning it because we have the people they have people in power but we are the muftis.

description. even for the owners so how to choose the pet food industry is telling us what to feed our pets really more based on what they want to sell us and was necessarily good for the pet turns out may not be the best people believe and we have animals that have you know diabetes and arthritis and they have auto immune disorders they've got allergies we are actually creating these problems it's a huge epidemic of problems all of them i believe can be linked to very simple problem of diet and some dog owners so heartbreaking stories about their pets streets the larger corporations are not very interested in proving or disproving the value of their food because they're already making a $1000000000.00 on it and there's no reason to do that research.

trust is a very important part of bitcoin because while we have covered the greed and the narcissism and all the things that drive people to make it queen itself more anti-fragile and more robust trust is part of the consensus mechanism and consensus mechanism is what the big queen protocol is right to have a system of social contracts that establish the relationship between the governed and those doing the governing and you hope to strike a balance and it's almost impossible. but what because those constituents are so finely balanced within the protocol that trust is

actually been. mathematically solved in the form of this distributed consensus algorithm so we can focus on more important things than making sure that who we're dealing with is trustworthy because if they're in the network they are by definition trustworthy and therefore what we need to focus on is how to take that 5060 quadrillion calculations per 2nd network cash rate and build something even more spectacular than anything we've ever seen before sure we've been to the moon we've been to the moon already. where are we going really beyond the moon and who are we going to attract at this protocol. 10 years because we'll be used ubiquitously by both businesses and individuals to transfer money especially across

borders in high value it's proving that it's a very efficient high value transfer system and as more and more liquidity comes into it i believe that that it's going to be the most efficient means by which value is transferred especially across borders and it's going to take over a lot of foreign exchange market my hope is that 10 years from now it will be very easy for someone to just pick up a phone install an app and start interacting with the system not having to worry about things like chemo management or payments channel management or any of the 1000000 complexities that are going on under the hood so it is essentially the same way that you know people have been using internet and internet technologies where 1020 years ago you had to put a lot of effort into even just getting connected to the internet but these days you go out you buy a phone you install some apps and you're using

a plethora of technologies under the hood without even knowing what's happening so a lot of people that are older like don't trust digital stuff because they haven't grown up with it a lot of the kids today while they've grown up with world of warcraft or you know using bend mo or pay pal or whatever so they're perfectly comfortable with digital things. making the leap to these decentralized digital scarcity isn't that as as big as if you're going from such a centralized scarcity to decentralized digital scarcity so i think a lot more people will be comfortable with it and by then a lot more of them best there's. will be in their thirty's and have you know experience like 2 thirds of their life with bitcoin in existence they'll have heard about it since you know middle school or high school so they'll be a lot more comfortable with it so i expect it to be much more of

a store of value for them the 1st 10 years have been a nice proof of concept in it it's shaken the establishment worldwide to its core the next 10 years we will actually be building real life implementations the begin to affect everything think about it 10 years ago we didn't really have you tube and facebook and google. in 10 years from now we'll be having smart contracts decentralized peer to peer money private keys and monetary sovereignty in 10 years we will have an entirely new world coming into view if a 1000000000 people in developing markets who don't have access to the banking system start collateralize ing investments using big corn and don't even know they're doing it's there's not enough to coin in existence to collateralize all of those investments so there's only one solution the price of bitcoin will have to skyrockets to meet that demand which is what i believe is going to happen so you

have this kind of essential tension between the whole dollars the people who have no intention of selling at least not in the short term at any price and consumers who can realize huge benefits from because as programmable money in these kind of new banking applications which ironically is going to drive the price significant we hire and create more of these so-called totallers so i think it's going to be a really exciting time for 4 because over the next 10 years it going is going to succeed then the 2nd question is is it going to succeed gradually was the biggest the system is still running smoothly or is it going to succeed where the system is crumbling down for example just to me just to make clear the e-mail didn't evolve while the office where a crime ridden down we didn't start using you tube while the hollywood was burning in flames but we cool we may be forced to use bitcoin was the legacy monetary and

financial system is crumbling again down like it doesn't 8 but maybe warsaw before we get to that future max i would like to remind everybody as many fake saito she's will come forward in the next year or so i had i do want to remind everybody 10 years into bitcoin remind you that the 1st big queen transaction was between cit toshi and how finney soto she's. how phinney the 1st bitcoin transaction why does the toshi choose how funny what what was the genesis of it queen what was the environment what was the mood what was the reasoning behind it and i saw this quote from how funny that really made me think of what he was and he was a cypherpunk he was a cryptic graphic activists he was one of these guys and he said it seems so obvious to me here we are faced with the problems of loss of privacy creeping computerization massive databases more centralization and david charm offers

a completely different direction to go in one which puts power in the hands of individuals rather than government and corporations the computer can be used as a tool to liberate and protect people rather than to control them so david chaum invented cash digit cash back in the eighty's so anybody who pretends to be so toshi these days there were many people before him they were why they were creating these digital currencies was not for a when lambo it was for very profound reasons of of natural law of you as a sovereign individual be on the divine right of the fia kings i noticed during us all series and arrest me how i define because. what is big macs. taxed speech. and speech is an noble right that we have as americans if codified in the constitution bill of rights and having free speech in this case

free text or free code code is speech we have a direct connection to that alien a bill right and a direct connection to the natural laws that were in place that inform the founding fathers of this country about what should go into the constitution and the bill of rights so this is about as american as you can get it takes that notion of free speech and alien a bill of rights guaranteed by natural law and it puts it into the fingertips of anybody in the world with the hope to be free animoto big point is now a technology that the individual can wield to enforce their individual rights when it comes to the money and to resources there are a lot of people and it's al them that we're taking the state out of the equation they become fearful yesterday ration of money and state but what we're saying here is that it's a return to natural law that we are in doubt with the alien

a bill or inalienable rights including the right to trade to break free speech and the right to hard money that's an animal that means you can't put a wien on some of these rights you know having to use legal tender to pay taxes you're winning people you know that why neither borrower nor wender be people are either going to rise up and take control over themselves in their own situation and use big coin or whatever economic. rationale and tools that they can use to do that or they're going to continue to be harvested by go i've stopped being turned into either melkor meat for political weeds so our money system is that essentially a dark ages and big queen brings the enlightenment to the dark ages of our money system car natural law guaranteed an era of enlightenment from the very beginning. and we have experimented with systems of governance

throughout history and those systems have come and collapsed and the constitution the united states is the latest in one of the most advanced systems to bring about the inalienable rights guaranteed in natural law to individuals over the course of its 240 year history those have been subverted by dark forces within the central banking system. now with bitcoin which is effectively taxed which is alien of all right as guaranteed by law we have once again the ability to touch like the gods we come from the eternal light. freedom so most of us who are not aligned our way over life with nature's laws they have to change they have to change the way over the bing and big coin it's going to come to give us a choice whether we want to ally our self with nature's god and laws of nature or whether

we are going to align yourself with man made laws that are in corrupt that are so corrupt the bowl and so ingest and the cypherpunks that they are not going to give us freedom and the core of the and that we shouldn't just wait for them to just give us deeds tools they are here to give us a choice choice that will fundamentally change the course of the future stupid ideation but we have to be the one to make that choice and i go back to this. metaphor of the film the matrix and then the member of the neo trying to free himself from the matrix and morpheus told neo gave him 2 pills and one was red pill the other one what's blue pill and the red pill nottage freedom and then ben other one the blue pill symbolized it on and going to. and oppression and so and then for security so now with the big we now have these 2

choices we have the pill or blue pill and until until now we only have a group pills that are promoted as the red pill by the political system of bread and butter you know the one party with 2 head beast basically and then so now we have real choices to make and we have repeal and we have to be the one you know morpheus can only show us the door and he'll have to still walk through the door and the type of thanks was already show the door because in order to show us the door and now it's our time to do it it is never too late to get the big coin i think. you know we're in the space where you have early adopters all different aspects of this curve. but i think discerner you get into it it does change the way you see the world you see yourself but i don't think it's ever too

late i think you know from i guess 2009 and now there's always been episodes where people say oh as i missed it now would you just stick around you know this is this is right on time so i think if anything the time is now this is when you should get into it right now. and then if you film this another town does the same thing right now because. when i often said i use the enemies of empty car we should not forget that if you could interest to transport the cars to boost used to mean of transport now if you could that. meaning of what we do is actually very very tiny today so the biggest

expansion for us not in the next year but in the next 510 years is how do we build a better product is more trust more safety maybe a better economy contract between the best of the driver to convince more drivers to shove a call and more passengers as a 6. year old boy. or do you feel good but so. good. because it's. just. not if you did. when i met the fish you know my best gift from. god since well. in

a manner that any other new don't hate. this kid who wanted. to give. you a kind of system definition in the head and in a certain run shithead. oh why a paradise with so much all year round turned into a round the experimentation field but agricultural chemicals we know that these chemicals have consequences they are major irritants there's no question otherwise why would that the chemical company workers themselves be geared up that suited up locals attempt to combat the on regulated experiments that often in day when you have many of these people who have one foot into the biotech pharma and the other foot in the government regulatory bodies this kind of collusion is reprehensible while the battle goes on the chemicals continue to poison hawaii and its people so

one has to ask the question whether there is a form of environmental research going on in hawaii whether these companies feel they can get away with this because the people have less political power. it's hard to take so from somebody if you know have someone replacing. want to do this interview today and all these market motion that they take me. for a year is an area. so i'm going to tell you start selling drugs if we'll hire someone to put the money in a box. then judge me all the way in life it's almost been basically mccullers feast before us now or. do you guys know what secret me security positions are going to be in that david jack me again. you'll see

people get all their cars and i'll see you coming in the heart and it seems like they'll hurry up and run into the house like they don't want to they don't want to talk to your get your mail or anything like that. i just want to go. and do it. just try reading. i mean there are notes and some give me. the.

remembered more. in the stories that shaped the week u.s. president donald trump says he cancelled an air strike on iran because he doesn't want to kill anybody unless it's absolutely necessary. i don't want to kill him on the radio i understand that i don't want to kill 150 of it for the everybody. looks exactly the. plus one as well as opposition party is accused of spending humanitarian aid on lavish hotels on drugs and prostitutes. and for hours that's how long president with questions from the public has any old cuban exile.