gold and silver but now go back to bitcoin of course c. and b. c. and many financial tweeters on twitter you know they only to. about it when the price is either crashing or going up fast that's all they care about is what the value the price the exchange rate to the u.s. dollar is now he's saying while. they're saying well why the while the currency itself the future is not completely certain and they say for now though it's not the price of bitcoin we should be watching but the real case studies of economic value emerging for those who choose to try it it's a money game after all and regulatory hurdles aside the survival of bitcoin will ultimately be determined by the true economic value it offers so people can choose to use it it's not force the state doesn't back at the state doesn't come to you and tell you pay your taxes in this transact in this use this you get to use it if you want there's a giant flourishing economy in kenya and china emerging around this you can use it or not and this is what they're saying is the economic value

mathematically impossible, counters the bitcoin community, and how do bitcoins actually work? >> bitcoins are transferred directly from person to person via the net without going through a bank or clearinghouse. this means that the fees are much lower. you can use them in every country. you can purchase video games, gifts, books and alpaca socks. >> reporter: and as we saw this week, you can also purchase heroin-- high and consistent quality! buy ten, get two bags free. the f.b.i. has now seized the silk road site, calling it the "the most sophisticated and extensive criminal marketplace on the internet today." so, first and foremost, does bitcoin represent an unholy alliance of high-minded freedom- minded high techies, and global criminals, eager and able to capitalize on a totally free market? look, says mathematician charles hoskinson, digital currencies are like any new technology. >> and just like the internet can be used for bad things, like terrorist activity or child pornography, bitcoin could be used for bad things, for example, funding rogue states like iran or north

and of course barry silbert second market in new york has the bitcoin investment trust or b. i t. that makes it easier for them to buy into big going they will start outperforming their peers and then their peers will have to get into big point as an asset class and that's when you'll see them move into five and six digits now know gratz says the reason why he sees it becoming worth so much is because of the growing and as a payment system displacing credit cards and pay pal and the like so this is especially in the developing world he said so this is what we see in this next headline big queen currency two point zero and this is from deloitte and they mention the fact that it is growing widely across kenya for example it's being integrated with the m paisa system which is already a system of paying for goods and services with the mobile phone so being integrated into that system in china you have by do except in between so they were to have a mentality not part of the sort of feudal system where only the lords of banking can tell you what you're allowed to spend and how much

why not just recommend to use bitcoin right now let's just go to bitcoin and forget the euro forget be out money we want real money we want crypto currency we want bitcoin why doesn't greece do that. well i would not say that i'm an expert on bitcoin so i'll be careful here but i think that you must be able to issue the necessary amount of currency and inject it into the economy and be able to inject more or less based on hold since developed and bitcoin is sort of comparable to go gold or silver or something it's a scarce resource. unstable angle of tireless i see it so i think that what's needed is. some sort of mr meeson control and inject money in the. country in question and that you can't do it only solely by injecting and taxing back or whatever. so it's so so to be clear that there are two possible electronic paths there is the path that you're describing which is to basically replicate the current monetary system but electronically and create a parallel currency by the government they can tax that money and they can therefore devalue that money and they can become more comp

that's one path the other path would be just take bitcoin off the shelf start using bitcoin what you're describing as a short comings there is that you don't have the ability to increase the supply of bitcoin on a on the spur of the moment because the supplies very carefully regulated through the bitcoin protocol and some people refer to that as a deflationary problem others would see that as more of a need to keep the economy being productive to be competitive but either way either way is a good solution might my case for bitcoin is that it would be available today and that the greeks can stop their pain and mediately if they want to the choice for pain going forward now is entirely on them anyway we're out of time so i want to thank you so much for being on the kaiser report. thank you all ready and that's going to do it for this edition of the kaiser report with me max kaiser and stacy herbert i'd like to thank our guests trond andresen if you like to get in for a side fight name is a trauma anyway if you'd like to get in touch tweet us at kaiser report it's an x. that are saying bio

and canadians get the vast ever bitcoin a.t.m. swapping digital codes for cash or look at why global users are turning to the unstable side but. international news life from moscow this is see with me you know hello and welcome to the program in the u.s. political opinion to all this spying practices that caused a storm of global criticism looks to be shifting was republicans and democrats have called for reform of the n.s.a. with a long way because proposing a buy in on the agency collecting dazing bulk the intelligence community is however strongly opposed it is much more important for this country that we defend this nation and take the beating. it is to give up a program that would result in this nation be an attack it. testifying before the house intelligence committee n.s.a. director said. forcefully we want against limiting the surveillance program and this fear was encouraged by the u.s. intelligence chief reforms would lead to greater risks this is all happening against the backdrop of a growing diplomatic of america's e.

dialing out cash told bitcoins the cryptocurrency taking the online world by storm and. news from russia and around the world this is the with me. thanks for joining us. it's ok to spying that's apparently the view of u.s. intelligence had james clapper testifying in front of a senate panel he said that collecting and analyzing the intentions of foreign leaders isn't deede america's major focus the latest league suggests that german chancellor angela merkel was on the target list and the country's delegation is in washington to question american officials and that is the level the of the n.s.a. type phone calls from ordinary people is thought to be massive as well with hundreds of millions of calls intercepted monthly across europe or is the reaction of the e.u. enough to force the you asked if the surveillance not at all things is about duran bolton politician and a.p. and member of the party so i think that the reaction of your european union it's not enough we cannot only only say all this a problem we will see you know we have to see in our relationships with us see

and canadians get the bust of a bitcoin swapping clothes for cash look at why global uses a turning to the stable sign the currency. you saw in russia and around the while this is see with me you national and with start with a developing story this hour at least one has been killed and several wondered off to explosions ripped through to neighboring shops and russia's southern region of dagestan. joins me now live with the latest you go alone do we know about what's happened so far. according to preliminary reports so these were two blasts which took place in the center of the entrances. bring shops so you just said and reportedly one person has been killed several others were injured we don't know the exact numbers yet but we do know that they are being treated by doctors right now. services are working they're in the area looking for other explosive devices to prevent any more explosions possible explosions from taking place and is one of the most volatile russian republics in the caucasus. right out easy for us can all thank you very much indeed for that update and of course we will

so who's to say whatever bitcoins are mine that a loss today might be worth something in the future and then while we're on the subject of the expense of these machines presumably people who have this much money to shell out have a bit of intelligence it's not as though you're giving a chainsaw i don't know about that i sometimes that's a lot of credit to people twenty sometimes it's like you're putting all your life savings and or you're putting on a credit card in that when i start talking about i'm perfect going to be a billionaire with it when i start hearing about it so i'll get a shot at an ira and laura who are trying to call people in and encourage him to buy these twenty thousand dollar machines and i'll start worrying about that there's not a little but the way the industry and the cottage industry that came out of it will probably is kind of a loaded term and i think it's important to distinguish between a fad a legitimate business enterprise that is actually gaining traction traction in the marketplace and a bubble because bubble you have a market that has to incorporate

up to thirty million dollars worth of bitcoins were seized during the operation but . the tree of bitcoin office bit corny x. says the currency is only getting stronger as a result. we've got any money laundering policy in place where we limit users to three thousand dollars per day every transaction you make is recorded on a public ledger your name is attached to it but if somebody wants to find out who is making that transaction it can be done the silk road is a perfect example of that they ended up shutting down the silk road beastly the black market e.-bay and they actually shut that down which is actually a very good thing for the currency as a whole as a lot of people associated it associated big going just directly with the silk road and so since it's been shut down the currency did dip about ten percent for both twelve hours and since then people realize that it's not just about the black market and it's actually a legitimate currency and it's actually gone up one hundred percent since then. this is also coming up later this hour the budget of green and entry p

tree of bitcoin officer at cognacs says the currency is only getting stronger as a result. we've got anti money laundering policy in place where we live it users to three thousand dollars per day every transaction you make is recorded on a public ledger your name is in it but if somebody wants to find out who is making the transaction it can be done the silk road is a perfect example of the shutting down the silk road and even the black market and they actually shut down which is actually a very good thing for the currency as a whole as a lot of people associate associate big going just directly with the silk road and so since it's been shut down the currency did dip about ten percent for bo twelve hours and since then people realize that it's not just about the black market and it's actually a legitimate currency and it's actually gone up one hundred percent since then. and let's now go top top story on the bomb drop of a growing diplomatic ground with america's e.u. allies demanding answers of allegations that citizens as well as their leaders were spied on and we can go

bitcoin officer at bitcoin e.-x. he told cavanagh in the currency has huge potential. i think it definitely has the potential to be revolutionary it basically gets your cash into a digital form where you can send it around the world instantly with no middleman what do the authorities think about it i mean there's an element of course there's been a worry that it's going to be transparent untraceable dodgy dealings could be done with it what are you doing to cope. we've got any money laundering policy in place where we limit users to three thousand dollars per day every transaction you make is recorded on a public ledger your name is attached to it but if somebody wants to find out who was making that transaction it can be done the silk road was a perfect example of the ended up shutting down the silk road that was they could be squee the black market e.-bay and actually shut down which is actually a very good thing for the currency as a whole as a lot of you will associate it associated be quiet just directly with

and this is why people now the bitcoin price skyrocketed after the f.b.i. did a me a cope and said we're too stupid to figure this thing out yes but in this post america world where you know dominant development is over there. in hong kong getting ready for it by do which is the biggest internet company in china which is the google of china they're now accepting bitcoin so you see that this post u.s. dollar command and control top down central bank controlling. system is caput for the max time to write again as soon as you have become a aaa rating these days you never read it so. i give it a oh my god. well i love dominic would say just dribbling over his kind of air all right thanks so much bring on the guys report pink humax stay tuned for the second half a whole lot more. technology innovation. developments from around russia. the future of covered. please it was a. very hard to take i. want to get along here. have you ever had sex with her take care. of the problem. welcome back to the kaiser report imax guys are time now to turn to leo johnson a green

bitcoin so you see that this post u.s. dollar command and control top down central bank controlling. system is caput for the max time to write again soon as you have become a aaa rated about these days you never read it so. i give it a four chef at. all i love dominic would say just dribbling over his can of air all right thanks so much bring on the guys report pink you mags say june for the second half a whole lot more. old . school rights. for the young girls cammo for the future hunger. between two and three hundred million guns united states so you can act like they're not here and keep kids away from them. deposits not if they lard you know i mean this teaches them a lot of road spots ability and simply come to pay through the eyes of children if we can't do it for our children for future. it's a quick. fixed for a long time to increasingly toxic a picture the u.s. may have the ability to but he keeps dragging the world into an ever deeper debt is it still possible to break the species cycle. welcome back to the kaise

from the chaff bitcoin officer i should say at bitcoin e.-x. he spoke to my colleague kevin allen. we've got money laundering policy in place where we limit users to three thousand dollars per day every transaction you make is recorded on a public ledger your name isn't it but if somebody wants to find out who is making that transaction it can be done the silk road is a perfect example of the shutting down the silk road and the black market e.-bay and actually shut down which is actually a very good thing for the currency as a whole as a lot of people associate it associated big going just directly with the silk road and so since it's been shut down the currency did dip about ten percent for both twelve hours and since then people realize that it's not just about the black market and it's actually a legitimate currency and it's actually gone up one hundred percent since then. they can find out much more and how it. has been such a nightmare to do so via the website auti dot com and coming up in the program still the. ban on big brother the b

and this is why people now the bitcoin price skyrocketed after the f.b.i. did a me a cope and said we're too stupid to figure this thing. yes but in this post america world where you know dominant develop pan is over there in hong kong getting ready for it by do which is the biggest internet company in china which is the google of china they're now accepting bitcoin so you see that this post u.s. dollar command and control top down central bank controlling. system is caput for the max keiser rate against the has ever become a aaa rating about these days you have to read it to say. i give it a four chef at. all i love dominic bill pat would say just dribbling over his can of air all right jason carroll thanks so much for being the guys report thank you max stay tuned for the second half a whole lot more. real damage and complexity of this oil spill is not something you can grasp just by looking at dirty birds we have between four to five million people in this directly affected area of the coast and it's pretty clear why it's not being reported because b.p.

and this is why people now the bitcoin price skyrocketed after the f.b.i. did a mea culpa and said we're too stupid to figure this thing. yes but in this post america world where you know dominant development is over there in hong kong getting ready for it by do which is the biggest internet company in china which is the google of china they're now accepting bitcoin so you see that this post u.s. dollar command and control top down central bank controlling. system is put through them x. times arrayed against you as a given to coin a aaa rating. you haven't read it so. i give it a oh my god. love dominic would say just dribbling over is kind of there all right thanks so much for being the guys report pink you mancs. so for the second half a whole lot more. according to the. numbers we have more than two thousand political prisoners right now of course if you look at the system what the bahamian government is trying to do is they're trying to label many of these prisoners us terrorists. free accreditation free. free. free. free. free. download free blog plug

and this is why people now the bitcoin price skyrocketed after the f.b.i. did a mia culpa and said we're too stupid to figure this thing. yes but in this post america world where you know dominant development is over there in hong kong getting ready for it by do which is the biggest internet company in china which is the google of china they're now accepting bitcoin so you see that this post u.s. dollar command and control top down central bank controlling. system is put through them extraction rate again soon as a given to coin a aaa rating. you haven't read it so. oh my god. i love. would say dribbling over there all right thanks so much for being the guys report pink humax. so for the second half a whole lot more. i mean if we're looking at the situation right now where we have a crackdown almost on a daily basis where we have people getting arbitrarily arrested from their homes during night raids where we have children being picked off the streets where we have people attacked with tear gas inside their homes where torture. is that is not in itself as a

are incapable of cracking the protocol to steal that money it shows finally that bitcoin is bigger than any government any central government any n.s.a. and this is why people now the big clump are. skyrocketed after the f.b.i. did a mia culpa and said we're too stupid to figure this thing out yes but in this post america world where you know dominant development is over there in hong kong getting ready for it by do which is the biggest internet company in china which is the google of china they're now accepting bitcoin so you see that this post u.s. dollar command and control top down central bank controlling. the system could put all them x. times right again soon as you have become a aaa rating about these days you haven't read it so. i give it a oh my god. well i love dominic would say just dribbling over his kind of air all right ever thank so much for being the guys report pink humax save for the second half a whole lot more. technology innovation. developments from around russia. the future are covered. so we leave the. oceans to. play your part of the musical. issues that no one

and in the simplest terms is just a currency but an online one bitcoins us. in web while it's a completely anonymous lacking even you name the transactions are public but coins can be sent from one wallets to another have a click of a button and in most cases with no fees or delay the system bypasses banks middlemen and governments what's more bitcoins can be easily it's sold for any currency bailable whether it be dollars or euros they downside being that they exchange rates volatile and finally they come from the process is called bitcoin mining and consists of computers running special programs to try to rate a steady flow of currency and jeffrey albert tako from the foundation for economic education calls the current his rise simply spectacular a year ago this time i thought it was insane but this is just another student technology you know they come along every few days and they slam our so i'm a fairly recent convert the more i look into it the more confident i'm getting that the future monetary system is crude cryptography and this kind of crypto marke

and this is why people now the bitcoin price skyrocketed after the f.b.i. did a mea culpa and said we're too stupid to figure this thing. yes but in this post america world where you know dominant development is over there in hong kong getting ready for it by do which is the biggest internet company in china which is the google of china they're now accepting bitcoin so you see that this post u.s. dollar command and control top down central bank controlling. system is caput for them extraction rate again soon has even become a aaa rating these days you have to read it so. i give it. all i love. dribbling over is kind of they're all right jason ever thank so much for being the guys report pink you mags. for the second half a whole lot more. as you don't know if you don't prove. to. everyone in my life that i cared about their goal much and then. i came to skin. i was a national champion in track and field and also i was able to go and qualify for the olympic games. in zero nine hundred eighty eight i started to experiment with other drugs i had lost all the f

and this is why people now the bitcoin price skyrocketed after the f.b.i. did a mea culpa and said we're too stupid to figure this thing. yes but in this post america world where you know dominant development is over there in hong kong getting ready for it by do which is the biggest internet company in china which is the google of china they're now accepting bitcoin so you see that this post u.s. dollar command and control top down central bank controlling. system is caput to the max transfer rate again soon as you have become a aaa rating these days you have to read it so. i give it a. dribbling over is kind of they're all right thank so much for being the guys report pink humax so for the second half a whole lot more. poured into the behind center's numbers we have more than two thousand political prisoners i'm behind right now of course if you look at the system what the bahamian government is trying to do is they're trying to label many of these prisoners as terrorists. as you know if you don't prove. to. everyone in my life that i care about their gove

is trading at a twenty year high bitcoin is surging toward two hundred dollars and gold is heading east because for taking down empire stacking is the new sacking oh if only the united kingdom weren't such a second rate nation they'd be more successful like the can do an optimistic chinese so said the u.k. chancellor george osborne while on a trade visit to china of course osborne wasn't referring to his klaus i.e. the banking class for in china banks has caught committing fraud are not held by the state as heroes but met by a hail of gunfire from the state. you know when george osborne suggested the brits are second rate he was referring to those in the jumper class the sort that jumps off apple factories after months of hard low paid labor now that's for straight to a new liberal potent right stacy herbert yes max even george osborne is kind of a fair weather friend to america because while de gong was downgrading the u.s. debt and gold was soaring and heading east he was over there in the east as well he was heading over there with the gold well as you say he called britain second ra

the balance but going to shot up to two forty we know that in venezuela and argentina there's huge bitcoin activity due to the instability those governments there but if china would want to own one point two billion people they decide that bitcoin is on a par with gold and silver which they should. and they say capture the bitcoin market how much of a game changer is this because big point unlike everything else america does cannot be hacked the n.s.a. can't hack it the f.b.i. can't hack it it's a good good money you can't hack it it's it is a game changer dan collins well i think absolutely i think china's looking for alternatives i believe obviously to this u.s. dollar reserve system chinese private savings an additional three to three point seven trillion in foreign currency reserves chinese privacy savings have gone from one trillion to seven trillion in the last ten years it's just a portion of that goes into a bit coin you can see the prices you know rocket obviously not you know china's going to control praising everything gold bitcoin real commodities which it already controls so t

it's called bitcoin mate there's a revolution.selling off the family silver way down by massive government puts some prime pieces of real estate on the market including a castle fit for a pope. also minutes we hear how hard liner the turkish government has become in protest and how its new found tolerance sits where the public. will be. technology innovation all the developments around russia we've got the future covered. for the new book the market like. the face i think you. should have you with us here on our t.v. today i'm rollers to show. welcome back here with r t the man who has stoked a brand new wave of anti-americanism in south america or u.s. spying revelations is a moscow ecuadorian president rafael correa will be meeting and there's a chance the fate of american whistleblower edward snowden will be mentioned. he has the details. certainly the timing of this visit a little more spice to what could have been just another trip of a latin american president to moscow a failed korea has arrived in moscow the very same plac

bitcoin officer at bit quantity x.e. talk to my colleague kevin allen. we've got a policy in place where we limit users to three thousand dollars per day every transaction you make is recorded on a public ledger. but if somebody wants to find out who is making the transaction it can be done the silk road is a perfect example of the shutting down the silk road and the black market and actually shut down which is actually a very good thing for the currency as a whole as a lot of people associate associated big one just directly with the silk road and so since it's been shut down the currency did dip about ten percent for both twelve hours and since then people realize that it's not just about the black market and it's actually a legitimate currency and it's actually gone up one hundred percent since then. and you can find out a little bit coin works and why it's become such a magnet for those details on the website right now. on the way. big brother the bricks group of emerging economies say that i don't want to be spied o

bitcoins first have an a.t.m. has gone live plants in vancouver canal swap that digital currency for real cash so what is big coin and how can you turn a computer code into physical money well basically it's a currency used for online transactions to use it can't set up what book web what it should say hiding their names behind a digital code that payment can still be traced the transfer is done in just a few clicks of a mouse banks middlemen and tax agencies are left out reducing fees next you choose whether to shop online using bitcoins or sell them for any official currency such as the euro. all but brought up but the concept remains extremely vulnerable to volatile exchange rates because they're connected through a process called mining and it's got nothing to do with manual labor but a chain of computers cracking codes and getting coins in exchange for geoffrey albert tucker from the foundation for economic education explains why he finds the technology impressive as your goal at this time i thought it was a

it's called bitcoin. there's a revolution. selling off the family silver weighed down by massive database government puts some of brian pieces of real estate on the market including a castle fit for a pope. also and a few minutes we'll hear how hard lined the turkish government has become on protests and how its newfound intolerance it's what the public. want to underline these new policies i'm sure you know. pleasure to have you with us here on t.v. today i roll researcher. dramas that try to be ignored. stories others to use in the same. places changing the world. so picture over to you. from around the globe. looking. welcome back you're watching r.t. coming to live from moscow well at what dorian president rafael correa who's still got a branding away event to us rhetoric in south america our ana say spying revelations is now in moscow and joining me live now with all the details of his visit is a r.t.s. ice here chef skip over to alexey africa is now in moscow the very same city where edward snowden their whistleblower no

going to convert their bitcoins into u.s. dollars because you have any input into the well i don't have any personal insight but i would just in florida say the f.b.i. may want to use the use u.s.b. exchange and if so which one and with that exchange have enough liquidity for twenty million dollars what is today the most reputable exchange in the u.s. which is. that's a really good question because there really aren't any big enough to liquidate twenty point million dollars their largest exchange to date has been marked box however quickly catching up is b t c china. because the coin has been trending so quickly in that region can we talk about actually you know i guess it's by doing the fifth most visited web site in the world and the google of china they are now accepting decline for their security service can you talk about this a little bit for me what it means perfect point and the industry as a whole and it's becoming more mainstream well interestingly enough one spot to be made that announcement the price of the coin c

because of course bitcoin is one confiscated will essentially because unless they can crack your brain wallet which they can't then they can't take it so john the tone is looking at the dread pirate roberts story of the silk road. confiscation he says if your online wealth cannot be robbed by common bandits or government officials then the world truly has additional money worth paying attention to now the reason why i bring this up is why it's so important that it can't be confiscated is we saw in china that announced that by do the largest internet company would be accepting bitcoin and we also saw on friday. chinese bitcoin exchange hit by one hundred gigabyte perception attack and experts looked at it and said whoever did this was using didn't care how much money they were losing because they were spending a lot of money to do this attack and it reminds me of the attacks on gold and silver that somebody who doesn't care about losing money somebody who could drop six hundred fifty million dollars on gold. yeah solve the big going because it's on confiscated ball as you point out the