right well you know looking at frederick hyatt step the national currencies then bitcoin would qualify as a currency and i think it's not that people excited around the world is that talked about competing currencies and this that was considered radical and probably never happened but now we have a situation due to the frictionless digital economy of a newborn currency like bitcoin emerging from cyberspace alongside other inventive currencies now in the u.k. we have the bristol pound and others but i want to return for for a second to this hashing they talked about in terms of the mining you say that there are numbers out there that begin six zeros and that the mining commences based on locating these numbers just i don't want to spend a huge amount of time on this but just a little bit more in terms of how that works there is a fair amount of cold around and uses a lot of beach shifting and actually tricks to elaborate the genesis code which is d.r. reaching of off the chain off the block chain into. a chain of transactions so after things get to mind after mani morning or it going to

course we talked about it we're the first broadcaster in the world to talk about bitcoin last year now it's getting more mainstream except as people in the economist are talking about it and talk about how the system's integrity is maintained in bitcoin compared you know expand on the theme a little bit we already know that electricity is used as you pointed out more efficiently how else is the and secret integrity maintained part of the cryptology . how do these the solving of the crypto currency create the value through crypto currency mining cetera. well behind the demining is fairly simple what to minors do look for numbers that tash into an hash which she said transformative function that starts with six zeros this is a limited amount of numbers that can be predicted we do know that there is a limit to it and so it creates an asset. we quoted research on the fact that beat corn as an os it. be compared to all their feet mean at audio resources for instance to been taken so far as limited os it's i wouldn't say a core and surely by the very basic so it is quantity of numbers that w