seemed like an existential threat for bed cohen but it completely survived that you had money at mt gox correct i did speak a little bit about your experience and what happened and what kind of effect this will have so with bitcoin you have the ability to hold your because yourself in your own wallet or your own cell phone or your own computer in which you're controlling those bitcoins with other types of wallets you're trusting somebody else to hold your big coins for you just like you would trust a bank to hold your money for you with bitcoin because you don't need to trust somebody else to hold it i really recommend that everybody holds their big cohens in their own wallet which they control the private keys and use because in exchanges like mt gox which is no longer around crack and coin base annex there's a bunch of all over the world use them to simply exchange your fee for big callings but then take your because it's right back out into a wallet in which you control the reason mt gox was able to become such a big problem is because so many people trusted them to hold their bitcoi

exchange show just to explain this a little bit mt gox like crack in are these other coin florida sea or in the u.k. this is where people exchange their fee out money for bitcoin really tied into the block chain as you describe it in the previous episode this is a service provided to exchange but calling for different of different currencies in the case of mt gox they had an enormous scandal and it seemed like an existential threat for because but it completely survived that you had money and not god's correct i did speak a little bit about your experience and what happened and what kind of effect this will have. you have the ability to hold your because yourself in your own wallet or your own cell phone or your own computer in which you're controlling those bitcoins with other types of wallets you're trusting somebody else to hold your requests for you just like you would trust a bank to hold your money for you with bitcoin because you don't need to trust somebody else to hold it i really recommend that everybody holds their big cohens in their own wallet which they control the priva

big cohens in their own wallet which they control the private keys and use because exchanges like mt gox which is no longer around crack and coined base next there's a bunch of all over the world use them to simply exchange your fee for because but then take your because it's right back out into a wallet in which you control the reason mt gox was able to become such a big problem is because so many people trusted them to hold their bitcoins and they lost the bitcoin somehow we don't know exactly how but if you were holding your bequest in your own wallet you would have been affected at all in any way so the best thing that everybody can learn from this is hold your big coins in your own wallet in which you control the keys and i personally use blace not info for most of my because it's and it's right here in new york right here in. york in the u.k. with an office coming in london soon oh fantastic nick on to talk about it but just to follow up on the security issues another interesting thing i follow you on twitter and you had a wallet i guess or an e-mail hacked and this opened up a ver

world has only been gaining steam even despite facing setbacks from the meltdown of major exchange mt gox so we wanted to check in with genuinely england of the big question foundation to get the latest on what's going on in the world of bitcoin welcome back to the show and first and foremost i apologize for butchering butchering your name so many times in england it's too easy that's the problem so i want to start off by asking you know. the place the big one of the possible months particularly since the last time we spoke or do you think that this will have a positive impact on the acceptance of bitcoin as a proper currency no well i think again the price of oil actually doesn't matter what matters is the number of merchants that we're seeing bring on big clane as a payment methods now we have mainstream retailers like one eight hundred flowers words pedia dot com where you can book your travel from your flights to your hotels completely quiet or you know send your mom flowers or give some one hundred flowers and i think as you see more merchants adopt the quiet then you're going to see

security is obviously a very big topic with us and we saw people get really really spooked after mt gox well that was that was the staple of the tried and true bank if you will or your center for storing purchasing training but you know mark and reason and horowitz recently participated in this idea of baltimore just. bases evolved which basically is a place to put your money in your big right here i think in part to believe it is like a savings account right exactly what do you think about this and what does it say in term security for pick point. so i mean the idea is basically you don't need if you have a savings account you will need access to your body of immediately if you have a checking account you need to immediately so they store the money in the vault in a different location and you have to go through much more security in order to get access to that money and the great thing about it is that really what they're doing is they're saying that we're taking on the security features that you would traditionally in any financial institution it's almost like a bank calling this is b

security is obviously a very big topic with us and we saw people get really really spooked after mt gox well that was that was the staple of the tried and true bank if you will or your center for storing purchasing training but you know marc andreessen horowitz recently participated in this idea of balls which is quite. bases volage which basically is a place to put your money your big right here i think in part to believe it is like a savings account exactly what do you think about this and what does it say in terms security for pick point. so i mean the idea is basically you don't need if you have a savings account you'll need access to your body of immediately if you have a checking account you need to immediately so they store the money in the vault in a different location and you have to to go. to much more security in order to get access to that money and the great thing about it is that really what they're doing is they're saying that we're taking all of the security features that you would traditionally in any financial institution it's almost like a bank holiday it's becoming a

people are realizing that mt. gox was a lehman brothers of bitcoin let's say.re wasn't a problem with the core bitcoin protocol but it was really an epically mismanaged company on the fringes. i think we're seeing recently, that, more people people are getting into regulated exchanges here with serious backers that are going to be the next generation of bitcoin businesses. adam: so other than cheryl's wardrobe, what is the most expensive thing you can buy right now on your site? >> it is probably the yacht is probably up there. we have a couple of amazing properties in france. we have a chalet in the alps. those are around the $10 million mark right now. cheryl: well, you know what, alan? it will be interesting to see what the yacht goes for. and everything else. that my wardrobe, alan, thank you very much. >> thanks for having me. adam: we all hate the airlines, right? now one carrier is giving away up to one billion free miles to travelers who are unhappy with the service. we're going to tell you how to cash in next. cheryl: plus, corn prices are sinking. dro

can stay on for another segment because i want to get in to some of the interesting aspect of the mt gox and other things if you can if you can stay can you say you got x. all right super well that's going to do it for this episode of the kaiser report with me max kaiser stacy i like to thank our guest bitcoin investor roger vera aka going jesus if you'd like to get in touch tweet us a kaiser report until next time. this is about making the business survive. corporations. more parishioners told the corporations have no. parishioners to ferryboat you or me corporations weaker. people come to on toast tours and leave massively. come on. we're not going to quit we will not stop until it is done what is more precious music more more. serious fixed cost basis try to clear. the people who are going to make more of your life for the short changing every minute. of the time a no dollar lab no weapon. of my own life but hey. most of us think this society all times. these cases most elite moments. sometimes from nothing which. is so neat and simple steps such as look just keep still we can still b

can stay on for another segment because i want to get in to some of the interesting aspect of the mt gox and other things if you can if you can stay can you say you got it next all right super well that's going to do it for this episode of the kaiser report with a max kaiser stacy i like to thank our guest bitcoin investor roger very aka big going jesus if you like to get in touch tweet us a kaiser report until next time. this is about making the business survive. parishioners told. parishioners. parishioners to a very bright you or me corporation is weaker. people come to untouched. and leave manson. for the sake come on. we're not going to quit we will not stop until it is done what is more precious music more. serious. cases tried to. pull out of. your life for. the teaching every minute. not me oh no well. my. wife. was setting all. these cases to eat. sometimes for nothing. it's not just a story you'll be shot if you see a steak look easy. but was. she good lumber tour. was able to build a most sophisticated robot. fortunately doesn't give a darn about anything turns mission to teac

you can stay on for other segment because i want to get in to some of the interesting aspect of the mt gox and other things if you can if you can stay can you say you got it next all right super well that's going to do it for this episode of the kaiser report with me max kaiser stacy i like to thank our guests but quite investor roger vera aka going jesus if you'd like to get in touch tweet us a kaiser report until next time by. do you like me want your comedy news from t which a comedy used to be a bare fisted no holds barred fight to the dad. looking through the vampire fighting into the next of the corporate elite billionaire freaks well they're going to run and. that's what you get with my new show projected tonight. i would rather ask questions to people in positions of power instead of speaking on their behalf and that's why you can find my show larry king now right here on r.t. question for. your friends post a photo from a vacation you can't afford college different. the boss repeats the same old joke of course you like. your ex-girlfriend still paints tear jerking poetry keep. nor

can stay on for another segment because i want to get in to some of the interesting aspect of the mt gox and other things if you cannot if you can stay can you stay you got x. all right super well that's going to do it for this episode of the kaiser report with me max kaiser stacy i like to thank our guest bitcoin investor roger vera aka going jesus if you'd like to get in touch tweet us a kaiser report until next time. this is about making the business survive. corporations. parishioners told. parishioners. parishioners ferryboat you or me corporations we cure for. people come to untouched. and leave manson. for the sake of all. we're not going to quit we will not stop until it is done what is more precious music more moving. russia voices outrage across borders shelling from ukraine which blames on and. i'm fighting a devastating cities palestinian civilian casualties mount what israel claims to victim to hung on it you're broke into something next rocket science total surveillance storms in the u.k. parliament pushes a builder legalize data collection what other media turns a blind ey

can stay on for another segment because i want to get in to some of the interesting aspect of the mt gox and other things if you can if you can stay can you say you got it next all right super well that's going to do it for this episode of the kaiser report with me max kaiser stacy i like to thank our guest bitcoin investor roger very aka going jesus if you'd like to get in touch tweet us a kaiser report until next time by. this is about making the business survive. corporations. parishioners told the corporations have no feeling. for parishioners to you or me corporation is weaker. people come to untouched poor persons and leave manson. to say come on. we're not going to quit we will not stop until. what is more precious music more. of the try to. people are going to. want to thank you. for your preaching every minute. they know how i laughed when. my own wife. was setting all. these cases to meet limits. sometimes for nothing which. is so he. just he still can still be jobst if you see a stage eight looked to be. but he was. cool. voices. and. i'm fighting a devastating city's. israel

. >> mount just went incorrupt and you -- mt. goxwent bankrupt. >> if you want to accept bitcoin as a form of payment, when a customer pays you, there's no reversing that. it's not like a chargeback or fraud. if you are excepting payments over the internet, you have to be careful as a business because you cannot collect a signature or id. and if you try to collect payment from someone in another country, they do not have the same fraud detection systems we have here. if the critic art olin, bitcoin does not have that risk. is stolen,redit card bitcoin does not have that risk. >> when i talk to people in silicon valley who are looking at bitcoin, they are saying, there is a big idea here. it is the ledger they talk about, the ability to track the history of the currency. why is that valuable? of when you> think buy a house today. you are paying $5,000 or $10,000 in closing costs. ofording this record transfer and ownership and manual databases. chain, you cann improve that transaction. the entire world has access to that record to sho