pay dot com in marcel roland says bit pays european g m let's talk about bitcoin versus watch a know i have a theory here and he. anyway think about it my theory is that bitcoin came and the bankers missed it they completely missed it they they didn't understand the technology they didn't understand the beauty of it they didn't understand how it can transform finance and economics then a few years after that they the penny dropped and they said oh you know what this is ingenious but they couldn't meet the fact that they missed it so they talk about block chain instead you know and it's interesting to see when you go into emerging markets and you ask them do you use facebook or do you use the internet more people say yes i use facebook but they don't realize that they're using the internet so yeah bitcoin is an application for the block chain there are other applications for the block chain you know being it contracts and property rights but the fact the banks are engaged now in participating i think is a good thing and no matter what they want to call it it doesn't matter whether the