bitcoin is the exact inverse of that. bitcoin is truly radical.rypto currency more broadly is truly revolutionary. a fundamental breakthrough in computer science. a completely different way to do transaction processing. potentially a replacement for a very large amount of the status quo. what we say from our standpoint is that in the long run bitcoin is by far and away the most innovative and radical thing. it will have the most impact over the next 20 years. apple pay is the thing that will have the impact in the next three years. the combination of those two will cause enormous change. emily: you have been a big supporter of bitcoin. the price has plummeted. mark: and come right back up. emily: do you allow for the fact that you could be wrong about bitcoin? mark: absolutely. look, bitcoin for us is very much -- the saving grace about the venture -- we are venture capitalists. i think like a venture capitalist. the nature of venture capitalists is we make 10 bets. we assume that five will go straight to zero. frankly, i do not think anybody know

if you see the ransom note you can see, "oh, they try to reassure you about bitcoin." we have got screen shots or here is a link to some kind of a guide that talks you through the whole process, and here's a list of providers with a little kind of yelp-like reviews next to each one that kind of explain their strength and weaknesses. it's incredibly sophisticated. >> reporter: after days of debate, inna decided to pay. she sent a money order to a bitcoin seller, but it was thanksgiving and a huge snowstorm hit boston which meant the check only arrived the afternoon before her deadline. and, in that delay, bitcoin's exchange rate had changed, and now her check didn't cover the full $500 ransom, it was about $13 short. her last resort was this bitcoin atm machine in brooklyn, ny, conveniently not far from her daughter alina's apartment. >> it's very kind of spooky looking a.t.m. it has no buttons. it just had a slot that you feed your money into. >> reporter: tuesday afternoon, the full ransom was sent to the hackers account. but it was two hours late. inna added one shor

a bitcoin theft.tuff as well, charles. thank you, we appreciated. you can get the latest headlines all the time. more "bloomberg west" tomorrow. ♪ >> the following is a paid presentation for focus t25 brought to you by beachbody. >> you think you don't have time to work out? >> my commute is almost two hours per day. >> i have kids, a husband, a dog. >> i am working 12 to 14 hours per day. >> now all you need is 25 minutes. >> before i blink it is over. >> i am already sweating.

i hedge with bitcoins. >> bitcoin is the first digital courtesy. are digital coins you send through the internet. without going through a bank or clearinghouse. >> so max, this is what you're most excited about. why? >> i'm over the moon about bitcoin and cryptocurrencies. >> people use them to buy illegal things. >> people use cars to do bank robberies. but we don't want to ban cars, do we? >> people use cash to buy illegal things. >> absolutely. >> the other thing is the price of bitcoins went to $1,000 and now it's 250. >> you get a lot of enthusiasm in the beginning and people chill out and we figure out how to use it. sometimes there is an exuberance at the beginning but we sort it out. >> and you're most excited about it in poor parts of the world? >> millions of people around the world -- billions in fact in what they call system "d," people who have no land titles or property all they might have is a phone, if they have a phone they are empowered. >> with a phone and bitcoins they can buy things without worrying as much about someone rippin

feel the bitcoin may have a murky future.what do you think now? are you still a believer? >> oh, absolutely. bitcoin is here to stay. it's -- the pricing has stabilized. i didn't know where the bottom was going to be. now it seems like we've been on the bottom for a while and it is starting to stabilize. there are some extraordinary technologies that are making bitcoin -- it enables all sorts of new vehicles that are going to make it so much easier for us to do remittances or do sending like micropayments. micropayments are going to be so much easier with bitcoin. that's going to be good for journalists too. you guys are going to be much better off. >> we do receive micropayments. [ laughing ] >> but not in bitcoin. >> tim we've got to leave it there. >> every time somebody reads something you can easily get a piece of a bitcoin. and i expect that bitcoin is poised for a big breakthrough. this is like all technologies that are controversial. >> right. >> end up making big impacts on the world and on society and i think bitcoi

to poem. >> can you break it down, what is bitcoin? >> well, bitcoin is virtual occurrences, and it allows people to buy things with goods and services. there are bars and public relationses places that allow people to come in. let's say that you don't have a credit card. nyg nine and russia, their credit cards are not accepted in other parts of the world. you want to buy a dell computer and they actually concept bitcoin. you can pay them online, and i don't know what they do with the bit coins when they get them. the idea is there's no central bank they're created online using an algorithm but public interest has waned. it's widely speculated. and today worth 225 bucks and it went as high as $1,200 in 2013 so in your mind, if you ever think that you want to worry about them again one of them is a payment system. and this is an alternative and the other is a speculative investment. and i would say that most people should stay away from this side of things, kind of interesting around here. >> gotch a. and what else are you talking about

one allegedly diverted more than $800,000 of bitcoin into his own account. >>> law enforcement in another community crisis. >> we have standing orders to do so our policy is, we are authorized to go ahead and administer it. seconds count we got to get it as soon as we can. >> america's heroin epidemic and the anecdote. lori jane gliha and the device many emergency medical personnel are carrying. >>> the words her mighty voice speaks to us across the ages. >> america's first climate refugees >> this is probably a hurricane away from it being gone. >> who's to blame? >> 36% of land lost was caused by oil and gas industry... >> ...and a fight to save america's coastline. >> we have kinda made a deal with the devil >> fault lines al jazeera america's hard hitting... >> today they will be arrested... >> ground breaking... they're firing canisters of gas at us... award winning investigative documentary series... the disappearing delta only on al jazeera america >> part of al jazeera america's >> special month long evironmental focus fragile planet around here, we're all about fast. that's why x

sellers hawk illicit goods, anything from drugs to your financial information and buyers pay in bitcoins, a digital currency that is hard to choice. as lori jane gliha found that is heart for the dark thet to disappear. >> reporter: the finishes time to log on to the dark net to pie drugs how nervous were you? >>> this girl was only 15 when she bought drugs off the dark net. she asked us not to use her name. >> what was the most surprising of the dark net did you find? >> you could order from anywhere in the world and they would show up on your doorstep. >> the illegal drug trade is thriving. here she ordered everything from acid to mdna and cocaine. she made most of her purchases called silk road, known as the ebay of drug sales. >> as soon as you log on you see images of all kinds of drugs. just right as your fingertips. >> in 2013, the fbi seized the dark web and arrested its kerry, ross al brecht. hoping to deter online users officials from 17 countries helped arrest 17 people. they seized several dark net parks that had gained popularity after silk road's road's downturn. dan palumb

why are you bullish on bitcoin? >> bitcoin i think is like the invention of the internet. platform. that softwares can build on top of. i think that bitcoin presents the first infrastructure layer that financial applications can be built on top of globally. now whether or not it happens or doesn't happen, it's very high beta. but if it does happen, it's world-transforming. >> we talked about the challenges of being public. apple is a good example today. blow-out quarter, stock's in the red for the morning and now icahn tweets, apple still undervalued an misunderstood. expect to put out another in-depth report in two weeks. do people out here want to deal with that? >> not really. you build for the long-term, you try to build companies for three to five years, the ten-years, weekly, quarterly, that's the wrong timeframe. >> reid, got to ask you about diversity in venture capital. there's been a lot of attention to that since the ellen paltra. at greylock, how important do you feel it is? you with your stature and having done as many things as you have, are in a unique posit

maybe take some investments and maybe take some support through bitcoin.s trying to grab the millennial vote in his bid for the white house. how will the democrats run against him on that? a democratic and g.o.p. strategist talking about his strategy to capture the g.o.p. crowd. ♪ >> the eye surgeon in the senate is working hard to craft a vision of himself as president of the united states of america. senator rand paul announcing this afternoon he's jumping into the race for president in 2016. part of his strategy, laserring in on america's youth. but will this very younger skewed campaign righrife with tweets along with we accept bitcoin. joining me now, joe trippi. along with republican chairman of the legacy foundation, mike reagan. thank you so much for joining us. michael, i'll begin with you. because he's from your party, but he's a different species in a way. took a swipe at the g.o.p. but also at the democrats. one of the things that jumped out at me, under both parties, the poor have gotten poorer, the rich have gotten richer. that will change un

we have heard of this new form of currency called bitcoin. >> they are digital coins that you can sendough the internet and transferred from person to person via the internet without going through a bank or a clearinghouse. john: this is what you are most excited about we met. >> yes i am. >> wide? people have been using it to buy illegal things. >> people use cars but we don't want to vanna cars. john: the price of bitcoins went out. >> people kind of chill out and sometimes there is an irrational exuberance but we sorted out. john: you are most excited about in poor parts of the world? >> millions of people, billions, in fact people who have no land titles or property while they might have is a phone and they are suddenly empowered. >> that's right, like the predatory government that they live under for example. john: in zimbabwe they had million-dollar bills because there's been so much inflation. >> yes the central banks are often far worse than our central banks, which is not the best but even if we use it here at home and we find it disruptive if the government is not scared of a

the ceo says he hopes to work with goldman on a commercial basis as the bitcoin business grows. to our lead, salesforce, the cloud giant built from the ground up, may be on the block. may. who is big and bold enough to buy salesforce and will they sell? if it happens, it will likely be the largest technology takeover in history. the company was approached by a potential acquirer who has not been identified. the list of companies who can afford to buy a company with a $48 billion market cap is small. oracle and microsoft good. joining me is cory johnson, who broke the story. ok, i have been thinking about this and i am skeptical. corey you first. you helped break the story. cory: there is an offer on the table. would any off sell the company? it is not up to him -- would the ceo sell the company? it is not up to him. the board has to make the decision and there response -- their responsibility is to evaluate the decision. it is a business that shows tremendous topline growth, but slowing dramatically. it is also a business with his village for profits or cash flow -- zilch for pr

back a bitcoin startup.achs partner is a chinese investment firm. tom: looking forward, 8:00 a.m., looking at the u.s. economy after the fed meeting yesterday. a lot going on in tesla. most interesting, having to do with batteries. continued discussion on what the american economy will do. in june-september-december rate hike gaime. ok, enough. new york city. olivia: new york city has gone condo crazy. citywide spending on apartment construction soared 73% in 2014 to a record $11.9 billion. that is $5 billion over the previous record. the average cost per square foot in manhattan now stands at an eye watering $1800. barbara corcoran build a real estate empire up this relentless demand to own a piece of the big apple. now, she mentors entrepreneurs. what is going on? is this sustainable? barbara: it is not in a bubble right now because does we will have to wait and see. the demand is there. no one really knows when it's going to happen or when it will burst. everybody takes their wild guess and nobody is ever

not even bitcoin, gold. >> give you the math. it is about 15 million u.s. dollars to get into the game. it is 100 million u.s. dollars to win the primary. it is one billion u.s. dollars to compete for the presidency. liz: that's a problem. >> can he -- david: ante into the game, 15 million. >> you see what you just said? that is the normative thing. truth of the matter how it works, liz. you have to have money to show up in the game. david: fascinating stuff, anthony. we're not done with rand paul. we'll be talking about that with our panel coming up. for example, silicon valley, we didn't mention that with anthony. could he perhaps be one republican silicon valley could get behind? all those young entrepreneurs? there is a lot of money there. liz: huge advantage possibly. the administration continues to search for ways to make housing more affordable. how much easier can they make it? but could these policies do more harm than good? david: starbucks, did you hear about this. they're partnering up with arizona state university to give employees four years o

bob: nothing owed in bitcoin? matt: bitcoin can be very easily converted to dollars.can be converted to pizza. matt: don't you think it is a cool story for the dollar? bob: it is a great dollar. -- it is a great story. it overwhelms all of the other factors that investors and traders have been talking about. matt: that's what i was trying to get at. julie: and yet, bill gross is still a dollar bear. matt: you can read the story on bloomberg.com. as stocks begin trading, they are just about to begin trading i want to bring in craig colleges. -- craig hodges. let me kick off with a question to you about that story. what do you think about where the dollar is headed? is it a slamdunk? craig: you know the dollar has been incredibly strong. it caught a lot of people by surprise. i think at some point does have to go back down. the nice thing about where we are is that we are mostly a domestic shop. we are looking at u.s. corporations, especially smaller ones. the advantage of smaller companies is that there is not much exposure to the dollar. matt: but i was talking with a

james: it is a mess -- the bitcoin itself, which is a euro or u.s. chain underneath it is a protocol, essentially a very advanced ledger. a lot of people, despite the headlines of it coin -- of bitcoin, are more interested in the ledger opportunity. this is versus traditional ledgers and heavily regulated. matt: james disney, credit suite's head of global software. great valor is worried that the state's contentious religious freedom law will turn businesses sporting events, and educated millenial's from coming there. matt: we don't know the winner between wisconsin and duke, we do know the winner of our charity racket. it looks like gary cohen will take home the crown no matter the outcome of tonight's game. people correctly pick all the final four teams. here he is talking to bloomberg about the decision for his picks. >> they don't have the best records in the country because they beat each other up all your long. they tend to shine. year after year it happens. it happened in the football playoffs. a big ten team. it happened in the basketball pla

emily: what about bitcoin? does that get closer to what you had imagined?eter: i am probably psychologically biased against it, since if we couldn't succeed at it at paypal i would be tempted to come up with reasons why nobody would succeed at it. emily: you think the chances of it succeeding are unlikely? peter: my sense it that it is still slightly too cumbersome to work at the end of the day as a new payment system. emily: you were the first outside investor in facebook. did mark convince you to invest or did you convince mark to let you invest? peter: i suppose some combination of both. at the time it really felt like a no-brainer to do it. the company was growing fast. they only needed money for more computers. i convinced them i would be relatively hands-off. emily: do you worry facebook could get distracted? internet.org, drones companies, virtual reality? peter: it is always a challenge. you have to do some new things, because you are not in a static world, and you don't want to do too many. you want to do just the right number of new things. emily:

orange is weighing an investment in bitcoin.with us here on "in the loop." ♪ matt: here is a look at our top stories. president obama condemning therapies aimed at converting young gay or transgender people. some religious and conservative groups back the practice. the president says he would like to see a banned on the state level. gm taking a break from the volt. seven months of unsold inventory -- the second generation of the vehicle is about to enter production. walgreens says its profits this fiscal year will fall short of estimates. it plans to close 200 stores. walgreens is the nations largest drugstore chain with 8000 outlets. orange is looking to invest in bitcoin startups. one of the first big international carriers to show interest in the technology behind the digital currency. its underlying software is attracting investors. orange silicon valley hopes to begin making investments in the coming months. coming up tesla unveils its new was model s. the cheapest model will cost you $75,000 but will have all-wheel-drive.

we also learned samsung is working with ibm to use it: -- bitcoin technology.w these with gregg harper. did you like them? olivia: i did. it feels like a more premium design model. he said the one plus, a much cheaper chinese rival is the bigger threat. carol: you like that one as well. olivia: 20 you make of it? bob: i have a samsung. bloomberg gave it to me. i am really cheap. carol: would you have bought it? olivia: would you have bought apple? bob: all my friends love apple -- my wife loves apple. all we ever do is give ample free advertising. samsung -- we have to even the playing field. olivia: about this -- samsung is one of apple's biggest suppliers. carol: technology makes for strange bedfellows. they are on par with one another in the fourth quarter in terms of how many phones they sold. they kind of go back-and-forth. for the consumer, we get better phones that do more things. olivia: we have plenty more to come. also coming up apple fans around the world can rejoice as watches are available for preorder today. bob: more free advertising. olivia: tha

that is a plus also he takes the nations from bitcoin.attacked by the million-dollar ad when he has said he is with the republicans. so it boggles the mind this is what it is all about. >> is there such a thing as the conservative movement? >> i think that social agenda is a turnoff. so i don't care what you do with your personal life as long as it does not adversely affect mine. then to balance the checkbook. >> $19 trillion debt that does not begin to touch the entitlements. kennedy: he went after president bush then-president obama. will you run for president in 2016? >> i hope so it provides the voice that says not out there but to do go back to the web site 3.5 million people a god of wine with a 35 question been paired up with a presidential candidate but at the last go around if i was the next president of the united states. >> that is the thing with libertarianism. people are turned off by that because is the disaster. kennedy: there is a lot of logical lady is bannings were gunsmith in 150 feet of schools? as part of a larger bil

what it should do is go to bitcoin.i am serious but that technology and payment systems that is the wave of the future that will be another's huge blow out. charles: i carry cash. i like the anonymity. people don't realize we're worried about the nsa or satellites every time you used that credit-card you told anybody who you are what you lighthouse they are tracking use all i use cash for almost everything. >> you don't like apple? i am shocked. >> my constructive feedback but that is 0k. >> he is coming out of the steve shop shadow -- steve job shadows. >> highlight the of rebels in the health benefit it will change the game. charles: thank you for joining us. we appreciate it. we will watch it this weekend. >> 10:00 tonight and a marathon tomorrow. a tearjerker on monday. charles: we lost a woman with the passing of lower until. found this morning in the hospital diagnosed with terminal cancer last year for voice student athlete her foundation raised over 1.$5 billion for cancer research in this book about her last fa

have got a question here about desegregating and the de-evolution of the industry to lending club or bitcoin or whatever. then taking a part little pieces of the bank, where they do get into lending or they do get into the deep plumbing of the financial system. do you think that will be enabled by the fact that maybe they have less regulation, or maybe will it be deemphasized going forward because it is a little more of a wild less environment? -- wild west environment? david: i spend 99% of the rest of my time on regulation. i stayed away from it. there is no doubt that much more extensive regulation is pushing some people out of the traditional financial system in to -- less regulated entities. people who had spotty credit used to be able to get a credit card. they cannot do that anymore. paying much higher rates. the consumer protection bureau theoretically, has jurisdiction over nonbanks. it is a whole lot easier to regulate a big tank then it is 30,000 payday lenders that can open and shut on a whim. as a society, we need to be careful about overregulation, we need smart regulation, mor

credit card, paypal -- paypal, or bitcoins.hile some state and federal candidates have started excepting bitcoins, mr. paul is the first presidential candidate to do so. don is in missoula, montana on an democrat line. caller: i would like to thank you for having me on. to listen to mr. ayres earlier -- to listen to what he said -- a lot of people have to realize that anymore, the republicans do not run their party like they did years ago. i am 66 now. the republicans are basically run by the koch brothers. when it comes to voting, not even when women's rights came out, every woman ayotte, all of them they did not vote. i thought for sure the women's bill would pass and they did not vote for it. host: next weekend in los angeles is the annual "los angeles times" festival of books. book tv will be live april 18 and 19 from the university of southern california campus. nicco mele he -- nicco mele is the publisher of the "los angeles times." wonder they start sponsoring this? caller: -- guest: we started this about 20 years ago. i

that's the -- oh, that's the aircraft carrier that built with bitcoin. oh, i got it! oh, that's the private sector aircraft carrier. you know, that whole flight deck was donated by a wealthy philanthropist who was happy about his low taxes. so there's rand paul in front of the aircraft carrier, defeating the washington machine today. there's rand paul still getting the beltway journalists to write about his appeal to young hipsters, even as he gets further and further right if his anti-gay and anti-abortion policy positions. the press is still dutifully writing down that rand paul has a great appeal to the tech community. he's against net neutrality. he's even against the basic stuff that the tech world cares about. so i think we're at this, you know, on race, on the youth vote, on tech, on all this other stuff that he gets credit for, i think -- on the libertarian stuff, and even on the isolationist stuff. i think we are at this bubble is about to burst moment, with a lot of the candidates who are getting into the race. i mean, right after they announce, they get a b

you see it in bitcoin as people build coin base and block chain type systems we'll be automobile to havend cyber currency that provide alternatives to some of the banking system. and it might enable commerce in a better way. >> host: george is in fort myers, florida. hi george. >> caller: hi. >> host: george, we're listening. >> caller: can you hear me? >> host: we are listening, sir. please go ahead with your question or comment for walter isaacson. >> caller: okay. einstein described himself as a determinist just like mark twain did. and i'm wondering how they got there. >> guest: you know, the issue of free will versus determinism is one of the richest, most difficult topics that people have wrestlinged with since plato -- wrestled with since plato and socrates, certainly einstein wrestles with it, certainly steve jobs wrestles with it. and i'm not sure anybody's ever going to resolve it. it's at the core of alan turing's imitation game question which is do we have free will in a way that's different or consciousness and free will in a way that's different from a preprogrammed machine

and, yes, if you were wondering you can buy that or other rand branded chotskis with bitcoin. that's how 21st century this guy is. the same establishment republicans paul is seeking to defeat made it clear today they consider him a threat. i'm going to get to dana bash now. she's in louisville kentucky. dana senator paul today clearly trying to thread the needle between his base the libertarian leaning voters and more mainstream republicans. how did he do? >> reporter: he absolutely is. and at the same time he's trying to reach out beyond both of those to constituencies he says republicans need. he had an african-american minister saying that he is key in helping -- wanting to help those groups. he had a doctor who talked about the fact that he ishas helped people in need with his medical practice. but it all comes down to the question of whether or not this former tea party darling can expand even more broadly to win a republican nomination. in many ways rand paul's platform for president sounds a lot like the 2010 tea party creed dough he used to snatch his senate seat from

rand paul became the first major presidential candidate to take contributions in bitcoin.here are accepting the currency to back his campaign. a mass exodus from the university of kentucky men's basketball program. the top seven scores are leaving school to enter the mba -- the nba draft. also entering the draft, a national champion from duke. brendan: it is not amateur athletics. it means business. coming up, connie versus yellen -- carney versus yellen. which countries are hitting the bottle the hardest. it is launch day for the apple watch. there do not seem to be any lines anywhere. will their latest gadget be a success? linkdin's purchase of linda.com will be it's biggest acquisition so far. >> we have been successful at generating traction. we take these skills miller and we go beyond the data to understand skills our members have. we can offer the content to acquire the skill. this is the last piece of the puzzle. it is just a question of scale and time. brendan: we have kate moore. we were talking about linkedin and how it is a different kind of network. kate says

. >> kroft: that's $30,000 payable in bitcoin, the virtual currency of choice on the dark web. >> miller: for the most part the internet is completely unregulated. it's the wild west; it truly truly is the wild west right now. what we're seeing are people getting pulled out onto the street and shot, and it's like "where's the sheriff?" there's no sheriff. >> lewis: when i started doing this stuff about 20 years ago, there were things that were top secret, you know, only nsa and fbi knew about. and you weren't allowed to even talk about them in public. you can download them now for free. >> kroft: james lewis of the center for strategic and international studies knows better than most that there are no easy solutions. he says the u.s. can deter catastrophic cyber attacks from china and russia by responding in kind. but how do you respond to a rogue state like north korea for an attack against major corporations like sony. >> lewis: turning off the lights in north korea, no one would notice. it happens all the time, right? going after a north korean movie studio, it would probably be a rel

a simple and easy access to many different payment types such as paypal, credit cards, apple pay, bitcoin more. and we know that with innovation in mobile wallets, there will be more of those in the future and our merchants need future proof be to be able to protect those against the complexity of operating across all those different environments. >> and so tre, where is the friction for you at this point that mobile can help solve? are people abandoning food in their carts on the mobile app and you want to make it simpler to pay? what's the problem? >> there's not so much of a problem, but we do want to make it as easy as possible for customers. we want them to not even think twice. and that's the beauty of partnering with braintree where all that is taken care of for us, make it easy for people to just go right through with that one step in their e-commerce experience. allow us to focus on what we do best which is making the food and delivering it to customers. >> and tri, for people watching who aren't familiar with munchery because you're not in their cities, it's basically a preprepa

orange is looking to invest in bitcoin startups.d make the company one of the first to become interested in the technology behind the digital currency. like other carriers, orange is building up its mobile payment business. coming up on the program, the u.k. general election is like -- is unlikely to give one party a clear majority. we will explain all the possible coalition combinations with the help of some legos. ♪ anna: welcome back to "the pulse " live on bloomberg television and radio. with less than a month to go until the u.k. election, no one can say what will happen afterwards. a new poll suggests neither labor nor the conservatives will win a clear victory and might need a coalition partner. that is where the hard work begins. >> her majesty, the queen has asked me to form a new government. our country has a hung parliament, where no party has a majority. >> in 2010, david cameron formed a coalition in just five days. this time, it looks much harder. no one is expected to get an overall majority. you have the greens, the

traders and investors are testing the waters for a bigger move in to bitcoin.debut for its smart watch is set to be available for select viewing this friday and on sale april 24. one of the first apps available to use on the smart watch is citibank's mobile light app which will let you view credit card transactions from your wrist. the question is will apps such as this help convert users on the fence about buying the watch into hard-core users who can a lot -- who cannot live without it. joining us is heather and stephen. thanks for joining us. let me ask first heather how you came to this partnership and how you decided to be such a dedicated partner of apple for the smart watch? heather: we believe people want access to their own data anytime and anyplace. what better way then trying to approach banking from a glance so the core premise of our mobile strategy is giving you the data when and where you want. when apple announced the watch, we got excited and we moved fast. from idea to having the app in the app store was 120 days. it will give customers access

hackers demanded in $500 in bitcoin to unlock police fires they encrepted.omputer specialists from the fb i could not pay the ran millimeter. they paid the ran some to get their files open. no information was stolen or compromised. having to go through that. >>> only four in ten callers to the agency toll line are getting through to real person. the number of courtesy disconnect whs andiskekt disconnect disconnects when they reach and overload has reached 5,000 this year. >> the group is worth nearly $70 mill in the biggest merger this year. shell said the deal would boost its oil and gas preserves by 25%. >>> the record says water conservaton efforts in california plunged in january. that's less than any other month since officials began tracking conservation efforts last summer. the water-board said 135 communities will be asked to cut water consumption by %. that includes big water users like beverly hills and newport beach. >> and the st. louis post dispatch made history by i lengthing two additional black city members to the city council. winning candid

have got a question here about desegregating and the de-evolution of the industry to lending club or bitcoinever. then taking a part little pieces of the bank, where they do get into lending or they do get into the deep plumbing of the financial system. do you think that will be enabled by the fact that maybe they have less regulation, or maybe will it be deemphasized going forward because it is a little more of a wild less environment? -- wild west environment? david: i spend 99% of the rest of my time on regulation. i stayed away from it. there is no doubt that much more extensive regulation is pushing some people out of the traditional financial system in to -- less regulated entities. people who had spotty credit used to be able to get a credit card. they cannot do that anymore. paying much higher rates. the consumer protection bureau theoretically, has jurisdiction over nonbanks. it is a whole lot easier to regulate a big tank then it is 30,000 payday lenders that can open and shut on a whim. as a society, we need to be careful about overregulation we need smart regulation, more in the