welcome back to the kaiser report i'm max kaiser time now to turn to tony gillespie bit today tony welcome to the kaiser report thanks max nice to see you again haven't seen you since prague i know and that was the beginning of the big pay big korean kind of phenomenon a few years ago when i was just really a crypto punk currency but now it's mainstream is it's definitely come a long way now a year in the business. pay so this is part of the business that's in the transactions side of the business the bit cooling ecosystem has a number of different you know moving parts here in the transaction business i guess you could one could say are similar to pay pal in that sense correct somewhat the merchant side of pay pal you know we don't offer any consumer services but what we do is we make it easy for businesses to accept bitcoin as a form of payment i would imagine there's a lot of demand for it there is you know there is a lot of pain out there today and businesses trying to collect payments especially if you're trying to collect a payment over the internet and you're trying to sell a high t

actually going to talk a lot about it in the next episode because we prerecorded an interview with tony gillespie a bit pay the day that the market crash at mt gox but before that i want to talk about the bigger picture of this and that is tech crunch unfazed by bitcoins wild swings and mysterious origins silicon valley v.c. place their bets it's far from certain that big coin is going to be a big deal said lightspeed venture partners jeremy lu has made two investments in the space but the potential for disruption is enormous if bitcoin realizes its full potential you're talking about disrupting visa first data master card a lot of banks western union these are huge multibillion dollar companies it's far from certain but if it happens a lot of value will be destroyed and a lot of value will be created that's when venture capitalist should be looking right i mean bitcoin you have to compare to bit torrent bit torrent made piracy so-called of intellectual property like music and films a reality for millions totally transformed that industry to the point now where the makers of game of thrones have

it for this edition of the kaiser report with me max kaiser and stacy herbert i think i guess tony gillespie of bit pay dot com if you like the same e-mail please do so at kaiser reported r t t v dot ru until next time guys are saying. oh this letter. conflict. has. islamic nation. peacefully and islam is first of course secular law is sick and. should. simply. go. traditions still. cannot go on the catwalk in a swimsuit. the republican controlled. victims multiply here. it's very profitable to invest in colombia. is a very high return on investment. but i've been working in this area for thirty years and i've always had to pay the armed groups of me to. change their name and strategy but the same. high ranking suspects you know coming. pretty upset about that mr president. the president. but. i won't give an interview i'm sorry but no. investigation is it. says sick and stop your bullshit and keep quiet or else you'll suffer the consequences. even if your bodyguards to watch themselves because the same goes for the. rivers from. i've never heard of such a case as ours are so much money gold

this edition of the kaiser report with me max kaiser and stacy herbert i want to thank my guest tony gillespie of bit pay dot com if you like the same e-mail please do so at kaiser recorded r t t v dot ru until next time guys are saying. sick to multiply here. it's very profitable to invest in colombia we did a very profitable so the it is a very high return on investment. but i'd be working in this area for thirty years you don't always have to be the armed groups that made me but i knew the managers of change the name and strategy but just to the same. high ranking suspects. you know coming. pretty upset about that mr president. to president clinton. but then. i won't give an interview i'm sorry but no. investigation is it. says sick stop your bullshit and keep quiet or else you'll suffer the consequences and leave the nuts and your bodyguards to watch themselves because the same goes for them. rivers for gold since i've never heard of such a case as ours are so much money and gold still so many years. for all the gold in colombia on our t.v. . but us hunts for those behind the worst domesti

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