one wins because in the end though anyone who's who is practicing in these practices react provocation and the like will be wrecked and. it may take a few years for that to happen but there is no lender of last resort in decline and anyone who is taking these risks deserves to go bust will banks wreck big corn or a big coin banks jamie dimon is getting wrecked as we speak nuff said 21010 years into bitcoin and jamie dimon has capitulated he's admitted defeat after years of bashing big coin after years of trying block chain not big coin he capitulates and what does he do he issues his own all to coin j.p. morgan coin as i've been saying you don't change but coined bitcoin changes you so jamie diamond started off as a critic as a big coin basher and now he's trying to imitate bitcoin he realizes he can't beat

it 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 because now they're starting to really basket big queens proof a workout gribben needs replacing argues b i s study the proof of work p.o.w. algorithm used by because in 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. a certain price action i'm expecting a huge boost in price and it's not a bow the thought of being able to mind 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 over who are not our problem has been working for 10 years really really well 8 so much that you're right in favor of your own word well 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 owns 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 a degree on these $450000000.00 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 a bag 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 an enormous amount of electricity that bequia news is and appealing to millennial that don't use bitcoin it will destroy the planet even if it for example did consume so much energy which it doesn't and there are certain there oh are very good arguments for because as a force for good in energy for example because it 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 when it rains for hydroelectricity 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 what are going to 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 coin 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 it what do you do you can't release it in the atmosphere it's methane you need to do something with it that's my big one with it right so they 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 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 feb 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 controlled 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 increasing and the 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 head off and you know the equivalent right now in this fiasco some 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 moment 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 them you just don't know that you have the power to miss any. you know it all it's bubbles up in aggressors weigh 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 are going to be able to bail out the banks. also in 21000 we've seen kaiser report receive the lightning torch 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 geyser time to pick up the hash tag el and trust chain soon max that was on february 8th 21000 you responded should do it while recording kaiser report he wrote back yes us

sounds like the perfect plan. oh i received it and i'm like yeah. oh my out oh ok hold this for a 2nd yeah yeah hold the camera don't put your fingers in front of it ok and trust chain received this is i thank you alina soto she. ok that's courtesy your debt now we're going to send it thank you to you would. put on not for starting the whole thing thank you jack your receiver making a blog you all the lighting developers all right i'm going to do something i was smart. to tell you. i. asked him

a. little over. oh

. cool. just. i had a very warm welcome to you you're watching us and she asked. good food descriptions sound up the even for the owners so how to choose the pet food

industry is telling us what to feed our pets is really more based on what they want to sell us than was necessarily good for the pet turns out that food may not be as healthy as people believe and we have animals that have you know diabetes in arthritis they have auto immune disorders they've got allergies we are actually creating these problems and it's a huge have a demick 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 last treats 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. when the old may just manufacture consent instead of public wealth. when they're

running clubs as some protect themselves. with the financial merry go round lifts only the one percent. we can all middle of the room sick. go to the money more unions. or. join me every thursday on the alex salmond show and i'll be speaking to get a feel of the world of politics small business i'm show business i'll see that. 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 we going really beyond the moon. 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 the 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 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 the centralized digital scarcity so i think a lot more people will be comfortable with it and by then a lot more of them best fares 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 because 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 was. down for example just to me just to make clear the e-mail didn't evolve while the office where the crime ridden down we didn't start using you tube why 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 it may be worse 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 had i do you want to remind everybody 10 years into bitcoin remind you that the 1st big queen

transaction was between sit toshi and how fanny soto she's. how funny the 1st bitcoin transaction why does the toshi choose how funny what what was the genesis of bitcoin 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 chalmers 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 juries and arrest me how i define because what is big macs. taxed speech. and speech is an honorable right but 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 it's album 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 bull or inalienable rights including the right to trade great free speech and the right to hard money that's an animal that means you can't put a lien 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. of freedom souls of us who are not aligned our way over life is nature's laws they have to change they have to change their way of living and big coin is 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 ourselves with man made the laws that i incur not that are so corrupt of all and so in jest and the cypherpunks 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 as east indies 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 you're going to be sporting events 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 now until now we only have a group pills that are promoted as a red pill by the political system of red and blue 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 sacrifice 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 were in the space so you have your early adopters all different aspects of this curve. but i think d'souza 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 had from i guess 2009 and now there's always been episodes where he was a oh is i missed it now would you to 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 feel this is the thing right now.

i don't want to talk to a communist news agency forgive me we'll have to find someone to. go with trying to stay with us wants to go meaning of the going to teach is just like the jews.

so i. see and feel that where. we have to be the bad guys 2. i think i acknowledge the. fight also it's an indication of how important most movements are. so that it's also an indication of where the left must move towards. we are definitely winning

it because we have the people they have people in power but we aren't them us. her heart. was. was.

the stories that shaped the week u.s. president says he counseled on a strike on iran because he doesn't want to kill anybody quote unless it's absolutely necessary. i don't want to. i don't want to kill. anybody. but as well as opposition parties accuse the spending humanitarian aid on lavish hotels drugs prostitutes. and for hours thoughts how long president putin spend on soaring questions from the public he's on your q. and a session with key domestic and will the issues.