but he goes into the two thousand as you mentioned gold and that's one of the ideas like all the ideas from our history of money from our history of privacy of being humans and evolving higher intellectual you know speaking freely amongst each other in these groups and speaking about ideas no matter how crazy or stupid they might seem and they invention emerge into powerful you know robust systems so he mentions how funny who recently passed away he in two thousand and four created work which was called the reasonable proof of work which built on the backs hashcash and then of course in exile though in two thousand and five he did big gold which was digital collectible so these ideas obviously you know bitcoin is often called gold two point zero zero it's in fact the i.r.s. does qualify it as a commodity as a property an asset like gold so you know these are this is the evolution and then
he's predicting where the future will go and that's right also the white paper the toshi why papers is a big system for digital cash transmission and moving digital caster paraphrasing which is sets off most inquiries into this onto a bit of a skewed path because they're looking at it in one use case the the replacement for painless use case which is to ignore the entire history of this entire movement and ignore everything else that this can possibly do cluing the obvious references to gold and much of the white paper gold comes from dervish and from a big golden disk all has been stored values always been a key to the cell phone store a value means of exchange a payment system or actually what the genesis the origin of this is about privacy i mean. genesis is about privacy and the ability to protect it electronically and end up with where we are. today the cypherpunk movement is to
genesys movement to understand you one of those even. going without first studying the cypherpunks that's why feeling so she's white paper in two thousand and eight did mention it he mentioned has cash and be money and he in fact so toshi emailed way day directly and mentioned that he learned about the money from dr back so this is he who ever said oh sure they were ok for the cypherpunk movement and it's important to understand the research cypherpunk because many people have piled into big coin they might now be distressed about prices and that but it's about an idea it's much bigger than just prices are there's a saying dr baca still alive he's on twitter he's on twitter and if you have a quote you know if you want to find out what it's about is a really big call in cash ask him ask dr back what he thinks about it he'll give you the straight dope all right well we've got to take a break we'll be back with love or right after the break.
a plate from many clubs over the years so i know the guy even saw god's. will isn't only about what happens on the pitch for the final school it's about the passion from the fans it's the age of the superman who just kill you know their own lives and spend two hundred twenty million on one player. it's an experience like nothing else not to because i want to share what i think of what i know about the beautiful guy a great one more chance for. peace. thank you. libby
was she. told the children we're starting. to lose. move. on. the old job. welcome back to the kaiser report imax keyser time out to go to miami speak with richard hart he's a bit coy with susie as to knows what he's talking about actually when it comes to technology and derivatives trading i've been following his you tube channel for quite some time now richard welcome thank you max pleasure being here i guess we can avoid we got a look at this big point gas just trading just now there's a lot of drama it's the drama of the month club on bitcoin all was you got some
insight into what's happening bitcoin cash can you dive into that a little bit richard oh it's real simple if i if i made a report cash and then you know that somebody dressed up like you make a separate channel and then told everyone that it was the real max kaiser be pretty upset about that when you put a lot of years and work into building up your brand and making something of quality to have someone else come along that had nearly no say and have a thing was built never wrote a proven proposal never improve the code you know basically a leech you know if a leech came along and said that max kaiser cash was a real mix for kaiser report you'd be pretty upset about that and in the normal business world it would be illegal lucian it's you know stealing the goodwill of another company through confusion for your get rich quick project so you know i don't like i don't like people to pretend to compete i like real competition real
competition means you get your own name you build your own unique value add and you compete you can if you don't price you can you know features you know if you cheat and you just copy and confuse people and have the maximum similar logo the maximum similar name the maximum similar user experience but. behind the scenes it's totally fake you know the same developers don't work on your project the technology's liking behind you know. it's gross and it would be illegal in any legacy business but because no one owns the big queen dot com or you know name it's hard for them to find a legal standing by which to suit impostures which is unfortunate so this couple of points are first is as you're getting into that there it's plagiarism clearly the big cast of plagiarizing they're there pirating the bit coin name and also i guess
you could point to folks in this trauma like roger fair for example they have control over big coin dot com the domain name which is the mary misleading because people go there having heard about because and then their lead into something completely different you betcha on your podcast before and here you tube channel that the developers i created bitcoin an actor like roger verus profited handsomely from that so it's a real kick in the teeth to them plagiarize and steal the name still the brand and come up with this clone to come up with a you know a bad chinese imitation as some of called it but there's another part of the drama and that now you've got financial media like san b c c n b c fast money are now entering into this without doing any due diligence without doing any research they're pushing what's clearly a fraud and this is this is i want to get your take on this because this is new to the whole crypto you history of space and that you've got now c. and b. c.
bloomberg and other mainstream financial news is now covering crypto how is this going to play out your thoughts richard libertarians hate government intervention laws rules they want everything to be peer to peer they don't want big brother involved and they forget how to. past really was and every one of these laws and regulations came about because someone was doing something evil or shady. and. time goes on these laws of protective people they forget why the law was first instant instantiated so you know you've got people showing their own bags on financial media that are heavily invested and that type of activity is not legal in the in the stock market you know you if you're if you're
the c.e.o. of a publicly listed company you have to abide by strict rules regarding forward looking statements and making promises to people and insider trading and because crypto currency is are not regulated in that way all of the problems that you saw in the past from people talking their own book insider trading you know wash trading where you pump up the price by selling to yourself at increasingly higher prices you know all of those problems are they're back they're here again and this is funny for for people that hate the government so much to complain and cry for government intervention intervention when things go wrong like this be cashed launch on g. to x. they told everyone that it was going to come out in january. then they surprise watched it why would you surprise launch a new financial product increasing volatility volatility decreasing people's time to plan decreasing people's time to have their coins where they need to be terribly
terribly stupid. to no one's benefit except insiders and you know. if if there was ever reason to see the financial regulators come down on their currency businesses in the united states like going against your own road map and instantly listing something against your own advice days earlier. i can think of a more clear reason to demand it you mentioned claim based aaron j. dax up there san francisco headed up by bryan armstrong and this is been a tension in the crypt a canary for awhile because you've got the corporate crypto community you've got for example coin base you've got bit pay you've got other big corporations who are tied in with v.c. money they're looking for exit strategies are looking for quick quick profits this is been a bit of attention because the other hand there's a part of community i guess you could call it the cypherpunk community going back to the origins of bitcoin and the technology that came out of the cypherpunk
movement and so these two not pitted against each other in a new way on one hand you could say this has been going on for hours since the creation of big coin this is always been tension there but secondarily or another way the question's got to be asked if in fact we're recreating all the problems we had with wall street all over again what's the prognosis for big coin will it get through this latest drama with your thoughts on that you know you talk about conflict of interest one of the investors in pitt pays roger for roger verbeck i'm speaking at heart he holds a majority of his savings in be cash so he says publicly and it would match with clothing that he wears which is always a b c h please shirt used to be a bit coin shirt you know it going jesus turned into big quinn judas now the only things he says about the coin are negative and demeaning just pretty insulting based on the fact that his little get rich quick project is built on the hard work
and effort and labor of the because encoders that built it you know when he stole their workers benefiting from their work when he forked it and didn't just take the code took the name took the logo and so now we don't have that problem just with roger for we also have the problem with brian armstrong going place he doesn't like to coin he holds a majority of his wealth in a theorem so i hear. and every time you hear him speak about that point versus there him he says you gotta go where the developers are going so i think it's pretty funny because that's where the developers are going to lose money that's where they get lured into a honey trap of making buggy smart contracts that lose millions of dollars it's much harder to make smart contracts because that lose millions of dollars because we've purposely restricted the attack surface so it's harder to screw up and lose money so less money is lost o'brien armstrong one of the you know the c.e.o. of the biggest on border and united states right now doesn't like that point so much so he hasn't implemented segue which gives us twice the processing power and
you know more security transactional ability secured basic boost to secure and all these good things that came from. being implemented you know brian armstrong's team doesn't do and his team also doesn't approve the pick one protocol and no one on his developer team makes any improvements to because well that's pretty terrible you know when their core product that they sell the most of which is because he speaks negatively about publicly and his team does nothing to improve and he rolls in the this this copy this terrible copy that doesn't even have segway it. it's bad and it's all conflict of interests and you know i would be happy to see a financial related later or the directors of coin base replace him a c.e.o. because i do not believe he's treating their core product fairly and if you saw this most recent launch of. the b. cash token. surprise release which wrecked
a lot of people's entire wealth you know life saving is lost. i don't mean doesn't seem like the kind of guy that should be in charge of a billion dollar never lets you know if for a moment here. talk about what your view is about let's say bitcoins pushback i mean what what's happening on the other side of the equation we have continued adoption and a continued awareness. where do you see where do you get me some good news a big line you know because one is the only product that has good legal. backing so there's laws which specifically name because one that allow you to get good bank relationships with it to get custodial services for instance or gemini where a larger institution could purchase a bunch of back on and have a license insured bonded reason to believe it wouldn't get stolen or hacked. other
cryptocurrency don't have that we also have the c.m.e. futures largest market the entire planet by the c.b.o.t. which does about a quarter of a volume which is still quite amazing we have the best developers in the entire world working on this we've got first mover advantage the greatest liquidity they most secure platform software that you know isn't buggy really works doesn't have emergency down targeting problems like the fake imposters have had and you know we do have some problems we have a unit bias problem where you know people want to own a single point of a thing and since milli bits isn't popular they choose things like light coin or b cash because they're cheaper and you know that puts the coin a disadvantage on a product like point base where people just want to buy they just want to get in they don't have time to figure out what's good and why so they just click market buy and you know they get they used to have three products there they could market by now they've got fourth product unfortunately the worst possible product you
could add. or close. and it's going to be a fight you know if wall street wants to step in and start long in the futures declines going to you know more dominance and the old coins will die more wall street doesn't want to step in and start long in the futures contract to take advantage of the new cool institutional relationships and i think the all coins are going to pump and people are going to take advantage of that you know this bias and trying to get that next you know smaller market cap easier to a point that might give them a higher percentage return it's going to be a fight so richard you've been in the game sense i believe twenty eleven we started covering big coen twenty eleven you know we've been in it almost from the inception we've seen more than once at least three or four times massive corrections in the space fifty sixty seventy percent ninety percent in one case where are we on the timeline there do you i mean first of all i just instead of asking you that
question let me ask you this can you stick around for a second segment and we'll get into that in a second segment yeah i live anyway thanks for being on this segment richard hart and that's going to do it for this edition of the kaiser report with me max kaiser and stacey herbert like to thank our guest richard hart he's got a outstanding you tube channel check it out joining catch us on twitter it's kaiser report and so next time. los angeles the city of luxury and fame not only soon alarming number of people living in the streets. the simple fact is now ladies there's just not enough shelter even if people on the streets right now decided to come in there's no where to come to. this man found his own. bunch of the problem
and construct dozens of. people in need of shelter when you have nothing and nowhere to go. you know having something like this may as well be a castle. on a city parking space is not a solution. to someone wanted touring the site otherwise it'll be a free for all. to end the homelessness crisis. when you don't.
through. iran's military chief declares the week long anti-government protests are over we look at how the demonstrators were encouraged from abroad. head to the far rise in violent crime in one of germany's regions is linked to the influx of young male migrants according to a government research just that. the u.s. national security advisor says washington should reveal what it calls insidious
rush meddling to prevent further interfere with. their good afternoon i'm kevin zero in this is a t is just had to pm the remote this fourth of january now first this hour in our latest thirty minute news update iran's military chief says the civil unrest that's blighted the country for over a week is now over but it's come at a cost of at least twenty one lives as protests repeatedly turned violent i was still reports a small demonstrations last night to be unrest began as a working class protest against declining living standards and high unemployment although that widened into anti-government rallies u.s. leaders were quick to throw their support behind the protests of next is an assisted churkin a reports they downplayed the key reason they started in the first place. when they
ask for a better economy when they ask for the government to spend money on their own country as opposed to terror exploits overseas or in other countries sure we would certainly like that to you i support matt i'm not going to go i'm not going to see that's why you're trying to trap me into something like that i'm not going to go there that is not that is not our that is not our policy but we hear what the iranian people are saying poverty corruption and economic uncertainty have the potential to trigger protests in the world over. and they can quickly turn ugly. but the international reaction to such unrest seems to depend on the country and question this is the precise picture of a long oppressed people rising up against their dictators it's a little bit when you're in any country people can protest against high prices but whenever such demonstrations happen in our country opponents of the establishment
come out and support them and some western leaders are barely able to contain their enthusiasm for regime change and are rushing to throw their weight behind the demonstrators we are now seeing an organic popular uprising organized organized by brave iranian citizens on the largest scale since two thousand and nine the great to bring in people have been repressed for many years they're hungry for food and for freedom along with human rights the wealth of iran is being looted song for change it is essential that western powers. britain in. the west the mullahs. back in the arena. because it's only with. that being the iranian people sick you. can go all the way securing your freedom of the of the previous regime but we've seen where this apparent pro-democracy fervor can lead. to in
a year. the american president says he supports the protesters but these protests are not protests against the government these kinds of demonstrations happen in any country and they are against rising prices but each time these demonstrations happen we see that the authorities opponents use them for their own purposes the majority in iraq i believe want evolution not revolution people arab spring style which has brought so much suffering. elsewhere on the other hand the west seems oddly quiet about the massive rallies that are being held across iran in support of the government to. the root of it is just a canard it's the problem of youth unemployment i personally haven't been able to find a job for a long time but if people have a job they don't have any problem with the government of course most of iran's economic problems are domestically generally but another reason why investment and
new jobs have been slow in coming is that contrary to their obligations under the nuclear agreement western countries notably the united states have not taken sufficient steps to facility normal financial flows when it comes to iran the west says it's listening but clearly selectively co-opting democracy for its own ends is a difficult habit to break and. blunt as the around protests started to get more international attention some posts on social media spread rapidly despite being proven as fakes for instance check out this tweet shows a photo of a woman hitting police officers with the caption a rare and it turned out to be a screenshot from an iranian movie after being exposed the amount of posted it claimed it was supposed to be symbolic and a video to which games thousands of users who said the show march in iran was later proved to be of a protest in bahrain back from twenty eleven other fakes were probably less clear
when post claim to show the uprising when it was actually a photo of a pro government rally. elsewhere the day avoid a rise in violent crime in germany's lower saxony region is being linked to an increase in migrants in a government bag study but it really that simple closely it takes. why have reports of violent crime in one german state increased by more than ten percent in the last two years but this is exactly what a group of criminologist said zurich university of applied science city to find and what they established is that there is a link between the increased violent crimes in lowest sex to me and the influx of migrants but the authors say there are a number of important contributing factors the first and foremost is the age of the migrants most of men between the ages of fourteen and thirteen not generally
speaking people in this age bracket are more likely to commit acts of a violent nature than people in other age groups secondly where they come from is important mike woods who come from syria iraq and afghanistan tend not to carry out the same number of violent acts as migrants for example that are coming from north africa and then third what is also relevant is the fact that there is a lack of women among the migrants only a quarter of migrants are female which means that you have groups of young men without the wives the mothers or the sisters and they are more likely to carry out acts of a violent nature now these findings do reflect earlier reportings that suggests that there is an increase in acts of a violent nature that are connected to the migrant crisis since two thousand and fifteen more than a million migrants have arrived here in germany that's say that wolf is there is an
important mitigating factor and this is and it could be that people may be more likely to report acts find them in acts that are carried out by migrants than if they were carried out by local germans not criminologist believes that only integration isn't the solution and should bring down the high level of crime rates among my goodness kind of from. our point of view the study shows once again that you must not abandon those who come to us but actively provide integration it that means for example compulsory and comprehensive integration in the language courses places in kindergarten use in schools let's ask people here in berlin what they think. i would say that this is coming from both sides the more people that come the more the dissatisfaction will be from those who have lived here longer i think that's something that should be driven by politics but then at the end of the day it's to us as part of the society that we all need to change and if you get people
better by about changing our behavior and that the colors are really up and one of the more radical solutions would be to deploy the immigrants from germany interation stuff it's all day they need to work at some point being an immigrant and working it's a different story we're kind of try to to get them get them something worthwhile to do while a solution to the problem continues to be sort of a sad reality is that a violent crimes continue. our team. worth bearing in mind that the chairman of the very spartan academy for integration believes the same behavioral patterns can be found among any group regardless of whether they were migrant background or nah. what is written in the report is basically common sense that people without any perspective with the living standards which are very hard are more
common to go into the thinking about criminal activities if you talk about integration of immigrants it's a dialogue and on the one side for integration you have to build perspectives and give them the chance to be one part of the society but on the other hand you have to hear the worries about germans and find together with those people who have worries solutions which can help for a better future together other top stories today the u.s. national security advisers got his knives for the new year with a cold reveal what he describes as insidious russian meddling mcmasters pulling back the curtain might be a vital first step he says to prevent further interference the russia blaming trend hit full throttle cause almost a year ago now with the release of the us intelligence report that kept the momentum going throughout two of the seventy.