is director of content for the foundation for economic education and in cambridge we cross the garrick hileman he is a research fellow at the university of cambridge all right gentlemen crosstalk rules in effect that means you can jump in anytime you want and i always appreciate it gary let me go to you first in cambridge explain what is going on with bitcoin i mean i'm of the age and i used to work in finance i can remember the dot com bubble and then it's melt down here not being very well versed in bitcoin what is going on here is this just speculation or is this the new shiny radiant future go ahead in cambridge. right i think i think a little bit of both to be honest and certainly we've seen you know some aspects of this story before as you mentioned you know after the dot com bubble exploded in two thousand two thousand and one there were a number of winners that emerged from that area and a number of new companies that were born after that have done quite well you know big has already been declared dead several times in two thousand and eleven wired wrote an article saying the rise and