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...platform. having introduced gold last year, the site will also allow it's users to hold-
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bitcoin peg to silver platinum or palladium." that's cool. i haven't looked
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into the details of this, but it seems pretty interesting if you can keep your
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bitcoin pegged on one of those metals and then
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holds that value. i think that would be pretty cool.
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then it would protect your wealth that way. so
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i guess we'll just have to follow that and see how that goes.
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its good cause it's come up with some standard protocols and things for bitcoin exchanges
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and wallets, which i think is a good idea. and unlike government regulations,
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which are mandated, this is an opt-in thing, which i think it's the way
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things should be. and you can. so basically they have this
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...set of guidelines. and if you want to comply with them, i guess-
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...you go there and you get certified, and then they will add you to their list of certified people, and then you can say you're certified-
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says, "hello sir, ken standardized approaches to key
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in see generation storage and usage, proof of reserve and security audits among other areas."
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i have to turn off my notifications here. i'm getting
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jumping out of my skin every time i get a tweet.
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...and they do mention regulation in here and say that regulators will probably-
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look to this, but it's something that they think regulators are still trying to figure out what cryptocurrencies are.
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and they really don't think that they should have anything to do with them.
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...which i agree with and-
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by the way, i did put all links to these stories down below in the video description.
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if you want to look them up afterwards, i really wasn't going to go too in-depth
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in them seeing them doing the show by myself today.
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i did think i'd put them down there for you to work up if you wanted to do any further research on them.
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there's this story about
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2,180 bitcoin foundations members barred from voting,
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it looks like what the bitcoin foundation did was they notice in their voting rules that
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about 80% of their voters weren't participating and what-
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did was make it not possible for them to have a quorum. so according to their own by-laws,
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...proceed with business according to their own bylaws, so rather than changed their bylaws-
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...they changed what made people eligible to vote and-
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...they made it now. so to be eligible to vote, you have to reg-
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gesture to board a head of time, and
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it was a weird deal where,
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...don't. you got to go in and activate your account on their website and then go in and vote and-
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...if you don't go through all these hoops, you can't vote.
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oh, i just, i don't know what really to think of that. i'm not a member of the bitcoin foundations, so
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just really don't pay much attention to what they're doing other than what gavin is doing.
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and we had the chinese bitcoin exchange. bter claims that there was
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a theft of 1.75 million in bitcoin, which
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...is another thing why that story earlier about the bitcoin standards, i think is a-
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the idea, but when we contrast that to
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our next story about the billion dollar bank hack,
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which we're seeing month after month in the
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vr industry, where these banks are getting hacked over and over again. and
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...losing customers personal data and money and everything. 1.75 million doesn't seem like a whole-
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...there are different circumstances with banks too. seeing they can create money, it's a little bit different. it doesn't hurt them as bad.
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if they can get a bailout or a bail-in, where it comes out of taxpayer money, rather than,
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...their own money, or their insurance carrier's money, or anything.
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they really don't have much of an incentive to tighten up security. and they actually,
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they can create their own money. they come out ahead if they get money stolen from them. so it's-
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it's really a messed up system.
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and down below, i put a link to a
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short piece that susanne tarkowski tempelhoff from bitnation wrote this morning about-
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how bitcoin will reduce terrorism, which i thought was pretty good. and i'm going to read that now,
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...root causes of terrorism and political unrest at large is the perceived lack of economic mobility and political participation.
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"from the arab spring to the people joining jihad movements, that is the result of bloated bureaucracies, making it difficult through taxes
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...and regulation for people to create businesses. point in case, mohamed bouazizi set himself on fire.
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because he wasn't allowed to operate as fruit stamp, thus unleashing the arab spring because of government's backing crop monopolies like banks
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and telecom companies. and because governments in and of itself is a top down impressive system, whether it's democratic or
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...additionally, there are billions of [inaudible 00:00:25] people in the world who cannot do business in a scalable or easy way...
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... because they're not part of the financial system. system d is a $10 trillion economy.
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if it were a country, it would be the second largest economy in the world.
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bitcoin banks beyond bank gives everyone equal access to money transfers doesn't care about government regulations
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and is an organic p2p economy. it has the potential to give billions of disenfranchised people across world,
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may be used to fund terrorism, which other currencies are much greater extent being used.
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they don't understand anything about political and economic dynamics. as usual, governments are shooting themselves.
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those in the fort." and again, that was a piece written by susanne tarkowski, couple off a bitnation,
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and that is below. and that is about all
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so it was a short show today and could have made it look-
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honor, but there wasn't really any point in dragging it out. we would have had a co-host.
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we could have had some discussion on this stuff, but unfortunately, things are busy for people right now, or
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next week i will be
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trying to bring some broadcasts from anarchapulco.
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there will be a lot of people down there in the bitcoin.
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geosphere. i know roger bear is going to be there and
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some other big name bitcoin people that i hope to meet up with and get some interviews
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and talk to them, so
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they can write it in the...
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send me a message. jamie nelson one and-
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twitter, world crypto network.com is the-
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... or not the youtube page, but the website for world crypto network. i want to thank everybody for joining me.
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speaker 2: [inaudible] and a big headline daf high series. so-
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did you say it was a blog before the word blog existed, which is actually true. i don't even know our blog existed.
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you said yeah. but they're like sell, there was, this was like a thing before the internet where people would like self-publish, just with the xerox machine, little handheld magazines and they're cool and interesting. right.
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this is just pre-internet, and this guy's just like, "i got to be talking about the muppet's". [crosstalk] i got the word
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[crosstalk 00:00:34], what is doing it exactly? what do you do?
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muppet toy pageant. so we ask people to look for pictures of the ugliest,
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like cross-eyed elmo's, or like a cookie monsters that look like they've been shaved or-
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the people who own the muppets might get upset and might want to try to shut them down.
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in german media conglomerate, called amtv that didn't really know what to do with them. mm-hmm (affirmative). and then they got bought back by the henson family, and then we thought they might sell them to disney-
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exactly, which is so great. and that we were excited to write about that day- yeah. but-
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my favorite of the muppet movies, and i think it's the purest expression of what they do, which is just like the musical numbers, the comedy, and then the...
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the episode also has the final segment, is where they're doing the adjusting scene from camelot.
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[inaudible] is the audience for them? like who was it designed for? cause i wasn't around when they were airing it.
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it was much more for adults and that didn't really work. he really needed to find something which would become the muppet show that was for everyone.
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the second pilot was actually called the muppet show: sex and violence.
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because at the time it was the most widely syndicated show in the world.
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what do you guys think about muppet babies? how does muppet babies fit into the overall for you?
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