mr. ito: it reminds me a lot of the internet.my first companies that i was the ceo of was an internet service provider in japan. i worked in a lot of the early internet circles. the thing about the internet is we had a lot of time to work out the technology before people started pouring in money. the problem with bitcoin is, we have $1 billion in venture money before we figured out the protocols. the upside of bitcoin is that it will be to banking, law, contracts, and accounting what the internet was to media and advertising. the tricky part is we are ahead. i'm worried that the investments we are making to make the apps are happening before we figured out the core. in you have been here for a while, you know the web guys here, richard clarke, we do a lot of the open protocols here. silicon valley makes them into money here and we have not finished yet. one thing we do at the media lab is we retain a lot of the core developers. we are probably the largest non-financially interested group working on bitcoin and financial cryptogra

without the house having the bold , though ito impeach note very clearly that this is not an impeachment hearing, i'd take the responsibility very seriously. mr. conyers, let me say i associate itself with your line of reasoning and i promise not to hold your wisdom, experience, or legal scholarship against you. i thank you very much for all the love offered to us. , it inappropriate answers offered to my very fine witnesses may be grounds for being in contempt of congress in any other admonition that we give. i hold to two points that you have made. aat is there must be relationship between witnesses from the administration come in a matter which administration it is. i also hold to the point that the first amendment, freedom of speech and thought, are, again, a very high calling for this nation and probably why so many have tried to emigrate to this nation, because of the freedoms we give. it is the think responsibility of the congress to be factual and temperate. so let me read this letter to you coming from the department of justice recently. and that is, in collaboration with the treasury and inspector general, the department, writes rig