back and we'll discuss some new cryptocurrency news including an unlikely court reaction to that mt gox hack attack back in twenty fourteen as we go to break here are the numbers of the closing bell major volatility in this point dropping below fifty eight hundred over the weekend climbing back and then dipping below sixty one hundred earlier today we're bouncing back to sixty two hundred as we went to air we'll be right back. the lady although. rather a as you would you go to one of the four so if you be in love because. as we might want to meet our well me and without the fancy. vote. while i was losing. his cool off. in the. coming days. when. is it. can you. yes most of. them. welcome back the european banking authority or be a has war and that preparations made for u.k. banks as the u.k. gets ready to leave the european union is part of the so-called hard brecht's that next march are inadequate the a.b.a. says it a new analysis that banks are at risk in the case of a no deal scenario in which u.k. and e.u. leaders are unable to reach terms to soften the disruptions of the u.k.'s ex

on some of the crypto stories with mt gox and all the crashes along the way as a been all roses along the way at all and part of that is because this is a brand new technology and that what we have is the sort of second generation of people coming along who have seen with this technology can do what the value of it is how important it is and are trying to improve on it in various ways and we've seen different approaches taken on it and probably the biggest sort of competitor to ios is the theory and it's a very different model essentially that they're in a set up to be essentially a cyrillic i have big brother computer not in a bad way and not like the government but sort of a high computer that's incredibly smart and it makes a lot of the decisions of how things work in the ecosystem generally rimmer comes from a bit more of an oracle cap was free market perspective and he says let's let the market decide where it all goes let's not an actual human beings decide now of course when humans get involved those sorts of variables happen including greed in collusion and all that sort of th

on some of the crypto stories with mt gox and all the crashes along the way as it been all roses along the way at all and part of that is because this is a brand new technology and now what we have is the sort of second generation of people coming along who have seen with this technology can do what the value of it is how important it is and are trying to improve on it in various ways and we've seen different approaches taken on it and probably the biggest sort of competitor to ios is the theory and it's a very different model essentially a very in a set up to be essentially is really good i have a big brother computer not in a bad way and not like the government but sort of a a high computer that's incredibly smart and it makes a lot of the decisions of how things work in the ecosystem generally rimmer comes from a bit more of an oracle cap was free market perspective and he says let's let the market decide where it all goes less than an actual human beings decide now of course when humans get involved those sorts of variables happen including greed in collusion and all that sort of t

two thousand and eleven and so we've saved pretty much every shift in the industry we experienced a mt gox crash and twenty four team we've experienced three or four seventy to eighty percent corrections in the price of bitcoin and we've seen the rise of some alternative models and some interesting models and certainly dan lehrer who actually wasn't talk to us a toshiba come out during the earliest days of bitcoin went on to create steam it went on to create a bit shares and now has created ios and he's what what is can what can you tell us about the us jeff well as you pointed out the reason why i really got interested in us at the beginning was because of dan lehrer's involvement he is probably the most accomplished person in the kryptos space aside from suppose you not promote who is the only other person who's. nearly as accomplished as the telecommuter into the area and we sit down there is more complex because this is actually his third blog chain as you mentioned he starts early and big share is you a couple years ago it's still doing fairly well. it's been growing and started seen

money and have a monetary policy based upon savings rather than debt take a look at the exchanges as mt gox pull up in twenty fourteen there's been a lot of improvement correct yes so the exchanges are always going to be the checkpoint so the easiest place for governments to target and so there's a lot of innovation is happening around the first day i believe that there's going to be three different types of exchanges in the future and all of those exist right now you're going to have exchanges which fully comply with local jurisdiction and local regulations and the governments will get all the data and people that want to use those exchanges these days you'll also have wanted to set up in previous the centric jurisdictions that allow for you know people to flow money three days in line with the local laws and therefore you know create a bit of a you know less seamless in. farm and old whatever that might be and then you've got the decentralized exchanges at the moment those are not usable they're not friendly but they get better and better and better and as the parts cool technology like l