now max you created the hollywood stock exchange where it's run by the virtual specialist technology which you invented and a few days before mt gox crashed. you warned exactly on this so explain what is wrong with the market making function here the way trades are processed the buyers in the sellers at mt gox and all these other exchanges it's not done in a way that. commensurate let's say with the way trades are cleared in the exchange to new york stock exchange or some other exchange where there is a specialist function who is making a market and their job is to create a fair and orderly price matching buys and sells and so they do this by by having both the ability to match trades buyers and sellers but also managing an inventory of whatever it is they're trading in so if it's i.b.m. stock on the floor of the new york stock exchange the market maker would have an inventory of i.b.m. stock so that if in fact there was a mismatch of buyers and sellers they can step in and be the market be the market maker that doesn't exist on any of these exchanges really they're trying to match u

an exchange with a virtual security using a virtual currency which was the basis then for hollywood stock exchange it was a basis for what became known as the prediction market industry which pretty much is built on my technology is built on my concepts of what you can do with a virtual currency in a virtual market and so indeed to bring some of that over to this space to make a market but as you point out as i've said all. long the mining of big coins under nakamoto that's the genesis creation of the bitcoins that's brilliant and it's fantastic at the block chain itself of bitcoin creation is unimpeachable and there's nothing wrong with that then there's the wall of technology which is to some degree being proven to be a little bit less than robust then there's the merchant side of the business that seems to be doing the best you know people who are actually in the business of facilitating merchandising are doing quite well but then the exchange piece of the coin ecosystem as i've been saying all along is the weakest link in the chain because you have people who are trying to adapt magic card tra