how do i do i interact with it well as a consumer you would initially download the bitcoin client and you would do that from bitcoin dot org it's open source software and the currency is not centrally managed it's not the it's not centrally issued and the transactions aren't centrally verified all those tasks are performed by the collective nudes of the network so it's almost like a headless mob where there is no central direction and that's beneficial that's what you want the main thing ok so i download the client other bit of bitcoin about org which which now i am part of the network so now you've downloaded the client you have the option either to generate coins or to perform transaction ok and send so i can either generate cohens or i can be involved in a transaction using these coins correct correct ok so let's let's put aside generating that going for a second because there is some jargon there we're going to revisit but let's just talk about transaction of the transaction side how does that work the way the transaction works as you would either have to receive or send coins so

how does this work how do our bit let's start from the basics how are bitcoins created. well because it's a created through the application of resources so you've got computer resources you've got electricity so basically what happens if you attempt to solve algorithms for the for the bitcoin problem there is sort of mathematical problem for the profile of what and if you solve it at the right time you get if you get points so just it's called mining because it's similar to the way you would mind go if you are applying results from your computer and your household or your office and that generates that coins and they're never going to be more than twenty one million bit prions because every time you get going to get created it takes a step forward to reducing the amount so you start now with fifty bitcoins after a certain amount get created you only get twenty five and someone so ask the community grows that is using that coins the bit quite an amount of gross sleeping with a lot of money but you know the price is sort of stable but you're not actually creating anything

because you now know that you have put all of your savings in the bitcoins i have to bring on again to talk to you about that but before we go i did want to ask you one thing nato has declared war on anonymous the group that's out there fighting the good fight for intellectual property are we going to see armed combat between hackers file sharers xandra versus the hollywood copyright cartels authority of bit of a war is going to escalate i think of the conflict is definitely escalating what i think is interesting is that the united states and israel have already hijacked your radium centrifuges in iran and what one wonders essentially saying is that iran would be justified in having an armed conflict back so if they want to open doubt or there i think they're going to fight it swings both ways thanks so much for being on the kaiser report and will be back on again soon thank you for having me on the show just right that's going to do it for this edition of the kaiser reply with me max kaiser and stacy herbert and i want to thank my guests rick for kenya if you want to send me an e-m

have speaking of one of the richest men in the world we have a new top one hundred rich list max bitcoin top one hundred rich list from third of june two thousand and eleven here's a little video i made of the top one hundred as you can see it's for all anonymous this is fantastic this is the new forbes fortune list isn't it these are the coin fortunes and noticed yes the. all numbers it's pure an anonymous and this is the biggest story of this decade going forward is the transition from the old way of doing business around the world to the bitcoin way of doing business which is purely anonymous and this is the great achievement of the global insurrection against banker occupation bitcoin is the currency of the resistance stacey earlier thanks so much for being on the kaiser report thank you max so go away much more coming away so there either. well. you believe in signs. from. the future. right i'm back to the report time now to go. and talk with rick. founder of the pirate party rick and i pronouncing that correctly your name fairly correct it's rick. actually it's come maybe a night b

got about thirty seconds i just want your final thoughts if you can weigh in a little bit on the bitcoin phenomenon that's sweeping the globe cause a lot of controversy a lot of hate mail. from some folks but then again we and others believe it's a fantastic thing what do you think my first impression i heard about about three months ago for the first time and i was thrilled when i heard about it and i think that's a little bit the computer nerd side of me i see this is a little bit of a struggle between computer nerds and the austrian economics people and i'm i'm very involved on the austrian economic side as well and i have a lot of friends and i'm involved in a group and actually i was very surprised as you mentioned a lot of sort of more libertarian austrian economics these sort of people have kind of lashed out against big coin and i'm quite a little. confused about it as well i think they're coming from it from the from me says he used to say that in the theory of money that money can't be something that can just be made up and conjured it has to value in and of itself and so i thi

depositar dinero en bitcoins.Ácticamente de todo, canabis, Éxtasis, heroÍna. >> y la pregunta que usted quizÁs. quiere saber. la mandan por correo, y las empacan al vacÍo para que no pueda ser olfatear. >> han solicitado al departamento de justicia la investigaciÓn de la pÁgina. pero por ahora parece ser un tema del que las autoridades no quieren dar detalles. continuarÁ actuando de manera agresiva para poder conducir sus investigaciones. segÚn los expertos, pÁginas como Éstas dejan al descubierto los problemas legales que aÚn quedan por resolver para que la internet sea mucho mÁs segura. >> por eso quedan muchas partes grises para cubrir. hemos ido aprendiendo en el camino. >> militares mexicanos descubrieron una narcobodega donde se fabricaban vehÍculos blindados para narcotraficantes. el descubrimiento se logrÓ cuando los soldados realizaban una operaciÓn de reconocimiento por la zona y detectaron a dos hombres armados que se introdujeron corriendo a un taller de maquinaria agrÍcola. >> el ejÉrcito mexicano los