run bitcoin over mesh now for example or we could even one bitcoin over snick and that means people exchanging u.s.b. sticks. so it's very hard to close it down completely especially with clothing on the entire internet all right let's talk about critical mass for a second because for going to really take off you're going to need a certain critical mass you need a certain number of users that are on the system using the this currency exchange this encrypted currency exchange and it's all that happens is going to be not the threat to the fascist state corporate monopolist that we hope it will be but i'm thinking back to the egyptian revolution i'm curious what you think about this going back to the egyptian revolution the arab spring it was for men thing or for man saying in the cairo for months and months but the arrogance of the leadership the mubarak i believe that their arrogance prevented them from seeing what a facebook or social networking could do that no way could some online software package threaten the state of the. barack and yet what a certain critical threshold was met

market is with bitcoin in o.t.c. exchange with bitcoin is to people meeting face to face exchanging bitcoin for cash or gold with super coins right and i appen to have an example of that i have this big coin which is actually a hologram that's attached to a piece of metal to give it portability but it's a whole gamut inside the whole ram is the actual encrypted code that would allow me to go online and on lock the bitcoin which has a current exchange rate value with the american dollar of roughly twelve to one so this has roughly twelve dollars worth of a big coin on this particular point but this is needed frank right to give a back up system if in fact the internet were to go down or the various control mechanisms were to come into the internet this over the counter market or physical market give the users a bit coy a way to in the physical space keep the currency alive correct yeah i think the even more important thing to consider if the bitcoin when it becomes very successful threatens the state because the state

el servicio nacional método predilecto de los grupos hacker >>es como una tubería, yo te paso los bitcoinuien donde está la cuenta, ni quien es el dueño >>expertos en computadora crearon las bigcoins hace dos años, existen alrededore de seis millones en circulaciòn >>muchos escuchan de ello por primera vez, pero es una divisa popular usada para hacer transferencia internet e internacional >>el proceso no es complejo y dicen que asegura el anonimato >>hace unos meses robaron bitcoins y eso hizo que bajaran las acciónes. >>podría tratarse de una especie de estrategia para dar a conocer este nuevo modo de operación virtual >>y en tela de juicio, estudio pone las mamografias, riesgo en mujeres menores de treinta años, >>una doctora experta dice que el estudio se hizo en europa y que en estados unidos antes de llegar a la mamografia, se hace resonancia magnética. >>en breve le contamos como un edificio se adelantó a su demolicion causando susto entre los trabajadores y veicnos >>farc dijo que negociará con vecinos >>y hugo chávez dice a los cuatro vientos que ganará elecciones en un mes, pero

to him in a while on screen and he is actually runs gold money dot com but he's coming around to bitcoin as a possible alternative currency so is that people are already using a gold standard through science like kids where you can be using gold essentially to settle claims so i also want to look at some of these headlines here so where in the u.k. of course and this goes with the headline that we're in a coddled consumerist society the baby boomers are all retiring this is why a part of the reason i think why you had so much fraud is to sustain their lifestyles and nick clegg is saying who's been in the news every single day here making some mistake or are there some flub struggling to buy a home dip into your parents' pensions says clegg all right well this is a very important story because as we've been commenting on this you know the pension accounts the savers the backbone of the capital society are getting screwed with a ninety percent tax in the form of artificially depress interest rates thanks to mervyn king the bank of england and bernanke you know the central bankers around th

, a form of internet moin, transfer to bitcoins address below. the keys to unlock the data will be purged and whatever is inside the documents will remain a secret forever. there is so much more to this. this could all be a hoax. let's get that out there. we should know for sure at some point, right, whether or not this is the real deal or not. there's a deadline. >> that's right. there is a deadline. they're apparently giving price waterhouse cooper and even the romneys some time to come up with this ransom money. the alleged hackers say this deadline is three weeks away. this group says quote if the parties interested do not want the encrypted key released to the public to unlock this document on september 28th of this year, payment will be necessary. it's not unclear whether this is a legitimate heist or complete hoax. the group said it sent flash drive copies of the stolen records to democratic offices in williamsburg and tennessee. but the said it didn't look quite right to her. >> it was about a 5x7 padded envelope, with a handwritten note

richard stallman president of the free software foundation richard is in town because he spoke at the bitcointwenty twelve conference were happy to have won the kaiser report richard welcome to the kaiser report thanks but since you've introduced me as a hacker i better explain what that really means best my first question richard stallman what is a hacker hacking means playful cleverness and a hacker is somebody who does hacking or appreciates hacking so if you like being playfully clever or if you enjoy seeing other people be playfully clever then you're a hacker now this doesn't have to be done with computers you can do hacking in lots of media for instance when i see photos of lady gaga as costumes i'm convinced that she is a hacker at least in the area of clothing. right so you know the old days when hewlett and packard were in their garage i think these to call it tinkering is a kind of the same thing well sure if you're being playfully clever in designing circuits or writing software then you're hacking right but for some reason it's become a pejorative phrase and the word hacker has b

exchange and alternative currencies like the bristol pound are are being introduced into the system the bitcoin is being introduced into the system these are alternative currencies that will take the place of money we're already entering so this is where they're wrong because we're already entering into a post if you had money world we're already having it we already have the gold standard people already use gold and silver to do business actually since you mention that i want to tell the audience that will be covering the bristol power going to talk to somebody from bristol involved with this and we're also going to talk to james turk in the studio here we haven't spoken to him in a while on screen and he is actually runs gold money dot com but he's covering. sounds a bit korean as a possible alternative currency that people are already using a gold standard through science like kids where you can be using gold essentially to settle claims so i also want to look at some of these headlines here so where in the u.k. of course and this goes with the headline that we're in a coddled consumerist so