welcome back to the kaiser report imax keyser let's now turn to alex legal of layer one this is are going to be about mining mining as a huge part of the bitcoin ecosystem welcome to the show alex thank you very much for having me all right and so you have just raised your company have just raised $50000000.00 from billionaire investor peter teal for a layer one what is it you're dealing in taxes alex bunch of different things but effectively the approach to layer one to excess is that of vertical integration . which means that we have full control over every cost and profit lever in the because of my mix stack so that covers everything from. factoring our own custom chips we build our own cooling and mining infrastructure that is very scalable 'd and modular and plug and play and we have our own our procurement and development which means that we basically get the cheapest possible electricity at scale in the world and vertically integrating all of the different aspects of the big point by mixed allow us to become the most efficient equipment company in the world so i read somewhere that

welcome back to the cause report imax keyser time now to turn to trace mayer a bit coins g. trace welcome back oh thanks so much max it's going to be here all right i was just thinking you know if there were ever to create a mount rushmore of bitcoin you know you might be on that yet adam back next wadeye we've got lots of great contributors to this project so you really are one of the founding foundations of this whole industry i must say so you know i have 2 questions here now i was going to run through them but i thought you know what let me ask you something what do you want to talk about you know your you on the show because you're trace mayor what is the most important thing that's happening right now in the big coin space from your point of view i think we are entering a new era or a new stage with a lot of money and capital governments are learning to recognize the wyoming we have the speedy bank regulation the special purpose depository bank the talk about wyoming because you've been there with kate long oh yeah it's been an enormous an issue and they are a state th

welcome back to the kaiser report imax keyser time now to turn to steve keen he's the author of the bunking economics he's got an amazing patriotic page at profess or profit steve kean where you can basically become a student for much cheaper than going to any university away on the universities are no good steve welcome back good to him actually i like the resume that i do like to share now let's talk coronavirus you recently wrote that we need to start thinking exponentially in order to can tame the coronavirus elaborate on this what does thinking exponentially look like steve well it's it's actually a great old analogy max that there's 2 of them want to do is imagine you go. willy growing on a pond and it dials and saws every day and it gets to be coming out are sent on it will kill off off if you get to the stage that it's 50 percent of the on how much longer if you've got one mode so if you do a lie it you know it's not big enough to get within with it without a loss for that is it will increase by the factor of 6 am and you know the other well and i want to bring on now is that the ki

welcome back to the kaiser report imax keyser time now to turn to an old friend of mine chris fenton and los angeles california he's got a book out right now it's very timely it's called feeding the dragon and sod the trillion dollar dilemma facing hollywood the n.b.a. and american business chris welcome to the kaiser report thanks for having me back i'm a big fan and it's nice to reconnect with you after all these years yeah it's awesome man this pandemic is the best thing ever anyway chris fenton on october 4th 2019 they general manager of the houston rockets tweeted support for protesters and hong kong this resulted in billions of dollars of losses for the n.b.a. which has 500000000 fans and china so tell us about what the n.b.a. story tells us chris yeah well that was actually a very relevant day for b. i actually was at my kid's soccer game when i when i saw the tweet come up on my phone i didn't even know who daryl morey was but i obviously know who the houston rockets are and knew their importance in the u.s. china cultural and commercial exchange and in particular to the spor

welcome back to the kaiser report imax keyser time now to turn to journalist author podcast or matt taibbi his podcast is called useful idiots not to be confused of course with the useless that is once again destroyed our economy and financial system matt welcome back as a go max a fabulous. yes that davies now nobody captured the 2008 financial crash site guys better than you with their talk about goldman sachs is a vampire squid have you come up with a similar metaphor for the 2020 pandemic collapse yet i have not i have to go into the metaphor factory for this one i'll just leave this this whole thing it is this size of it is so hard to get your head wrapped around that just conceptually i just don't really have a firm grasp on what's happening here i mean clearly this is going to dwarf and up the works in 2008 in so many different directions in including with the bill a package so it's really hard to really hard to have a a line on it well a lot of ways it's a continuation of 2008 it's part 2 of 2008 because as you documented in your work at that time the solution at that time was to s

welcome back to the kaiser report imax keyser time out of turkey bruce fan 10 he's an early coin adopter a very well known in the back like many pros welcome to the kaiser report thanks max all right i wanted to ask you about a tweet that you made just a few hours ago i think it's quite interesting you say quote in all this economic crisis and i don't think i've. seen a single person scream at bitcoin developers users or miners to quote do something . that's because strong money focuses on being good money money that bends in the wind the 2 a crisis is a week money can you expand on that plays yes salute the unfortunately and we could've predicted this governments tend to overreact. to crisis this and they're doing that in the way that they know best which is to print a bunch of money and that's a real mistake because it weakens the money and it's never a good time for bad economics better ideas or even worse ideas in a crisis a crisis doesn't suddenly make economic swer it makes it worse all right now bruce let's change gears a little bit so i'm going back several weeks if not a month o

welcome back to the kaiser report imax keyser time now to go to matt firesign author of plan a poncy welcome back mitch great to be here matt thanks for having already i've got an interesting introduction for you here today the whole idea of plan a ponzi of course goes back to 1987 crash and the beginning of the federal reserve put under alan greenspan the idea that the central bank as an act of a central bank was always going to come to the rescue because ultimately this was one big enormous ponzi scheme now this past week or so we've had the death of mach's on the sea though a famous actor and his famous scene was playing chess with death in the movie the 7th seal i would like to possibly suggest that right now the policy of bailing everybody out from the central bank is similar it's like playing. chess from the movie the deer hunter where it's russian roulette essentially and eventually of course the end is the same complete obliteration mitch is this russian roulette basically gone wrong with the constant bailing out of central banks around the world as part of this planet ponzi