life much richer and having these weird experiences which i happen to like right well seems like krypto and you are a mouse made in heaven because everything that you talk about that are the shortcomings of government and money and central banks liberated the bitcoin you can go into any country you want with a twelve word seed password in your mind and not even any hardware created in the wallet on any connection and there's your cash you know it's wonderful so much better than using the swift system or the banking system i hate them both i'm glad that the crypto currencies are going to destroy swift and hopefully destroy most of these banks which are very negative influence. on the welfare of the average man today let's get about a minute left so let's talk about like what's happening here a shrewd observer of the banks and central banks and want to get your thoughts on the fed us federal reserve says they're going to unwind their four trillion dollar balance sheet. and they think that that's time to unwind that they're going to start selling these assets they bought over the air so ho

they're not allowed to invest in a new start up that's crazy and hopefully that is one of the hypocrisy krypto technology will help reveal so there are so many tokens so many new companies there is a lot of attention now and all across the mainstream media when we first talked to you even in twenty fifteen. hardly anybody in the mainstream media was talking about decline or anything in the crypto space that everybody has it is more attention is pulling in a lot more people in terms of the bubble aspect could you like and some of this too like the dot com bubble there were a lot of every company put dot com after their name in order to increase their valuation and maxes in the dot com industry back at that point and the more you are losing the more valuable you are because you're spending rate was high and therefore you must be taken up in volume. so do you see that sort of situation that a lot of what we see right now will be like sort of quaint historical momentos of those tokens or those companies that existed yeah i think some of the pros in the future people will look back and be like you

. >> is that a reportable transportation are we pulling it off the grid >> no, krypto is much more affordableactly >> again, it is important for the audience to understand the difference between bit coin and block chain. >> i hate these terms currency or assets. we can get in the debate all day long wu are you are a platform >> so is there anything analogous out there that's online or our febest or audience can refer to >> people will continue to use the worldwide web, it is just billing versions of applications will enable us to do things in a more trustworthy way and it enables use cases that aren't enabled -- >> so are you the tim berners-lee of blockchain? >> i'm not a guy named vitallic buterin might be >> he's like 23. >> would it be all right to call it almost like the apple app store in a sense where people go on there, build an app on top of your platform and then the world can use it is it a good analogy >> except it's not a walt garden it's like the world wide web anyone can permissionlessly upload an application and people can use tiny slices of this ether token to pay for the use