1 00:00:00,220 --> 00:00:03,610 [Music] 2 00:00:03,610 --> 00:00:03,620 3 00:00:03,620 --> 00:00:05,900 welcome back to the pretty corner of 4 00:00:05,900 --> 00:00:05,910 welcome back to the pretty corner of 5 00:00:05,910 --> 00:00:09,049 welcome back to the pretty corner of your well today we'll only have two 6 00:00:09,049 --> 00:00:09,059 your well today we'll only have two 7 00:00:09,059 --> 00:00:10,879 your well today we'll only have two headlines the first one will be having 8 00:00:10,879 --> 00:00:10,889 headlines the first one will be having 9 00:00:10,889 --> 00:00:13,190 headlines the first one will be having and the second one will be decent 10 00:00:13,190 --> 00:00:13,200 and the second one will be decent 11 00:00:13,200 --> 00:00:15,289 and the second one will be decent now the having occurs every two hundred 12 00:00:15,289 --> 00:00:15,299 now the having occurs every two hundred 13 00:00:15,299 --> 00:00:17,029 now the having occurs every two hundred ten thousand blocks or roughly every 14 00:00:17,029 --> 00:00:17,039 ten thousand blocks or roughly every 15 00:00:17,039 --> 00:00:20,029 ten thousand blocks or roughly every four years and reduces the block subsidy 16 00:00:20,029 --> 00:00:20,039 four years and reduces the block subsidy 17 00:00:20,039 --> 00:00:21,800 four years and reduces the block subsidy so the money that the miners are getting 18 00:00:21,800 --> 00:00:21,810 so the money that the miners are getting 19 00:00:21,810 --> 00:00:25,070 so the money that the miners are getting by around 50% currently that is twelve 20 00:00:25,070 --> 00:00:25,080 by around 50% currently that is twelve 21 00:00:25,080 --> 00:00:27,019 by around 50% currently that is twelve and a half per second every ten minutes 22 00:00:27,019 --> 00:00:27,029 and a half per second every ten minutes 23 00:00:27,029 --> 00:00:30,380 and a half per second every ten minutes and it will be reduced to six point two 24 00:00:30,380 --> 00:00:30,390 and it will be reduced to six point two 25 00:00:30,390 --> 00:00:33,799 and it will be reduced to six point two five after around the 12th of May as you 26 00:00:33,799 --> 00:00:33,809 five after around the 12th of May as you 27 00:00:33,809 --> 00:00:36,709 five after around the 12th of May as you can see behind me there is a clock the 28 00:00:36,709 --> 00:00:36,719 can see behind me there is a clock the 29 00:00:36,719 --> 00:00:40,220 can see behind me there is a clock the upper time is based on the current block 30 00:00:40,220 --> 00:00:40,230 upper time is based on the current block 31 00:00:40,230 --> 00:00:42,740 upper time is based on the current block time so it takes around eight point 32 00:00:42,740 --> 00:00:42,750 time so it takes around eight point 33 00:00:42,750 --> 00:00:44,810 time so it takes around eight point eight minutes not 10 minutes to mine a 34 00:00:44,810 --> 00:00:44,820 eight minutes not 10 minutes to mine a 35 00:00:44,820 --> 00:00:46,549 eight minutes not 10 minutes to mine a block and the reason is that everybody 36 00:00:46,549 --> 00:00:46,559 block and the reason is that everybody 37 00:00:46,559 --> 00:00:48,920 block and the reason is that everybody that has got an a6 minor switched it 38 00:00:48,920 --> 00:00:48,930 that has got an a6 minor switched it 39 00:00:48,930 --> 00:00:50,869 that has got an a6 minor switched it machine on to take advantage of the 40 00:00:50,869 --> 00:00:50,879 machine on to take advantage of the 41 00:00:50,879 --> 00:00:53,750 machine on to take advantage of the current still 12 and a half Bitcoin that 42 00:00:53,750 --> 00:00:53,760 current still 12 and a half Bitcoin that 43 00:00:53,760 --> 00:00:57,290 current still 12 and a half Bitcoin that the system emits every around 10 minutes 44 00:00:57,290 --> 00:00:57,300 the system emits every around 10 minutes 45 00:00:57,300 --> 00:00:58,459 the system emits every around 10 minutes or currently every eight and a half 46 00:00:58,459 --> 00:00:58,469 or currently every eight and a half 47 00:00:58,469 --> 00:01:00,950 or currently every eight and a half minutes so you have to watch the upper 48 00:01:00,950 --> 00:01:00,960 minutes so you have to watch the upper 49 00:01:00,960 --> 00:01:02,750 minutes so you have to watch the upper time because that is the one that counts 50 00:01:02,750 --> 00:01:02,760 time because that is the one that counts 51 00:01:02,760 --> 00:01:06,770 time because that is the one that counts there is no time within the Bitcoin 52 00:01:06,770 --> 00:01:06,780 there is no time within the Bitcoin 53 00:01:06,780 --> 00:01:09,140 there is no time within the Bitcoin blockchain it's just block and every 54 00:01:09,140 --> 00:01:09,150 blockchain it's just block and every 55 00:01:09,150 --> 00:01:11,870 blockchain it's just block and every look I said takes around ten minutes to 56 00:01:11,870 --> 00:01:11,880 look I said takes around ten minutes to 57 00:01:11,880 --> 00:01:15,230 look I said takes around ten minutes to be mined and so there's this time 58 00:01:15,230 --> 00:01:15,240 be mined and so there's this time 59 00:01:15,240 --> 00:01:19,789 be mined and so there's this time difference coming from now how do you 60 00:01:19,789 --> 00:01:19,799 difference coming from now how do you 61 00:01:19,799 --> 00:01:21,320 difference coming from now how do you say it correctly is it having or 62 00:01:21,320 --> 00:01:21,330 say it correctly is it having or 63 00:01:21,330 --> 00:01:23,899 say it correctly is it having or happening I was asked well you can use 64 00:01:23,899 --> 00:01:23,909 happening I was asked well you can use 65 00:01:23,909 --> 00:01:27,800 happening I was asked well you can use both in the in the blockchain itself in 66 00:01:27,800 --> 00:01:27,810 both in the in the blockchain itself in 67 00:01:27,810 --> 00:01:30,020 both in the in the blockchain itself in the code it says having it's hardwired 68 00:01:30,020 --> 00:01:30,030 the code it says having it's hardwired 69 00:01:30,030 --> 00:01:32,179 the code it says having it's hardwired and they're hard-coded in there and if 70 00:01:32,179 --> 00:01:32,189 and they're hard-coded in there and if 71 00:01:32,189 --> 00:01:33,920 and they're hard-coded in there and if you want to take a look into that also 72 00:01:33,920 --> 00:01:33,930 you want to take a look into that also 73 00:01:33,930 --> 00:01:36,289 you want to take a look into that also the 210,000 blocks is hard-coded in 74 00:01:36,289 --> 00:01:36,299 the 210,000 blocks is hard-coded in 75 00:01:36,299 --> 00:01:40,550 the 210,000 blocks is hard-coded in there you go in to github.com then into 76 00:01:40,550 --> 00:01:40,560 there you go in to github.com then into 77 00:01:40,560 --> 00:01:44,480 there you go in to github.com then into the blockchain github and there into the 78 00:01:44,480 --> 00:01:44,490 the blockchain github and there into the 79 00:01:44,490 --> 00:01:48,170 the blockchain github and there into the side directory SCR and there you search 80 00:01:48,170 --> 00:01:48,180 side directory SCR and there you search 81 00:01:48,180 --> 00:01:52,819 side directory SCR and there you search for a file called validate dot cpp in 82 00:01:52,819 --> 00:01:52,829 for a file called validate dot cpp in 83 00:01:52,829 --> 00:01:56,840 for a file called validate dot cpp in there just to control f to find to 84 00:01:56,840 --> 00:01:56,850 there just to control f to find to 85 00:01:56,850 --> 00:02:00,889 there just to control f to find to search for having and you'll find it 86 00:02:00,889 --> 00:02:00,899 search for having and you'll find it 87 00:02:00,899 --> 00:02:02,569 search for having and you'll find it there and you'll find also the formula 88 00:02:02,569 --> 00:02:02,579 there and you'll find also the formula 89 00:02:02,579 --> 00:02:04,280 there and you'll find also the formula and there and the other one with the two 90 00:02:04,280 --> 00:02:04,290 and there and the other one with the two 91 00:02:04,290 --> 00:02:05,840 and there and the other one with the two hundred ten thousand blocks you'll find 92 00:02:05,840 --> 00:02:05,850 hundred ten thousand blocks you'll find 93 00:02:05,850 --> 00:02:09,080 hundred ten thousand blocks you'll find in in a file called chain perms dot CPP 94 00:02:09,080 --> 00:02:09,090 in in a file called chain perms dot CPP 95 00:02:09,090 --> 00:02:12,230 in in a file called chain perms dot CPP and the 96 00:02:12,230 --> 00:02:12,240 and the 97 00:02:12,240 --> 00:02:14,590 and the question is okay what happens after the 98 00:02:14,590 --> 00:02:14,600 question is okay what happens after the 99 00:02:14,600 --> 00:02:17,900 question is okay what happens after the let's say that's to 12th of May 11 for 100 00:02:17,900 --> 00:02:17,910 let's say that's to 12th of May 11 for 101 00:02:17,910 --> 00:02:20,510 let's say that's to 12th of May 11 for me whenever that having happens will the 102 00:02:20,510 --> 00:02:20,520 me whenever that having happens will the 103 00:02:20,520 --> 00:02:24,170 me whenever that having happens will the Bitcoin system crash no it won't because 104 00:02:24,170 --> 00:02:24,180 Bitcoin system crash no it won't because 105 00:02:24,180 --> 00:02:25,370 Bitcoin system crash no it won't because it's not the first time it's not the 106 00:02:25,370 --> 00:02:25,380 it's not the first time it's not the 107 00:02:25,380 --> 00:02:31,070 it's not the first time it's not the third time that this happens and and the 108 00:02:31,070 --> 00:02:31,080 third time that this happens and and the 109 00:02:31,080 --> 00:02:33,110 third time that this happens and and the miners that have got old machines are 110 00:02:33,110 --> 00:02:33,120 miners that have got old machines are 111 00:02:33,120 --> 00:02:36,020 miners that have got old machines are not operating economically anymore we'll 112 00:02:36,020 --> 00:02:36,030 not operating economically anymore we'll 113 00:02:36,030 --> 00:02:37,460 not operating economically anymore we'll just switch off their machines or we'll 114 00:02:37,460 --> 00:02:37,470 just switch off their machines or we'll 115 00:02:37,470 --> 00:02:39,800 just switch off their machines or we'll move to another network the plenty of 116 00:02:39,800 --> 00:02:39,810 move to another network the plenty of 117 00:02:39,810 --> 00:02:42,200 move to another network the plenty of our networks that accept or that that 118 00:02:42,200 --> 00:02:42,210 our networks that accept or that that 119 00:02:42,210 --> 00:02:45,170 our networks that accept or that that can work with ASIC machines so only the 120 00:02:45,170 --> 00:02:45,180 can work with ASIC machines so only the 121 00:02:45,180 --> 00:02:47,330 can work with ASIC machines so only the best machines will continue working on 122 00:02:47,330 --> 00:02:47,340 best machines will continue working on 123 00:02:47,340 --> 00:02:48,950 best machines will continue working on the Bitcoin blockchain that has always 124 00:02:48,950 --> 00:02:48,960 the Bitcoin blockchain that has always 125 00:02:48,960 --> 00:02:52,400 the Bitcoin blockchain that has always been like that just to remind you back 126 00:02:52,400 --> 00:02:52,410 been like that just to remind you back 127 00:02:52,410 --> 00:02:54,860 been like that just to remind you back in 2013 when somebody came up with the 128 00:02:54,860 --> 00:02:54,870 in 2013 when somebody came up with the 129 00:02:54,870 --> 00:02:58,010 in 2013 when somebody came up with the ASIC for the first time all those GPS 130 00:02:58,010 --> 00:02:58,020 ASIC for the first time all those GPS 131 00:02:58,020 --> 00:03:01,910 ASIC for the first time all those GPS miners GPU - sorry the GPO - were 132 00:03:01,910 --> 00:03:01,920 miners GPU - sorry the GPO - were 133 00:03:01,920 --> 00:03:03,560 miners GPU - sorry the GPO - were obsolete and could be switched off 134 00:03:03,560 --> 00:03:03,570 obsolete and could be switched off 135 00:03:03,570 --> 00:03:06,050 obsolete and could be switched off because none of them were really mining 136 00:03:06,050 --> 00:03:06,060 because none of them were really mining 137 00:03:06,060 --> 00:03:09,830 because none of them were really mining any bitcoins anymore so it life will 138 00:03:09,830 --> 00:03:09,840 any bitcoins anymore so it life will 139 00:03:09,840 --> 00:03:12,980 any bitcoins anymore so it life will continue and also if let's say a 140 00:03:12,980 --> 00:03:12,990 continue and also if let's say a 141 00:03:12,990 --> 00:03:15,050 continue and also if let's say a substantial amount of Bitcoin or switch 142 00:03:15,050 --> 00:03:15,060 substantial amount of Bitcoin or switch 143 00:03:15,060 --> 00:03:17,960 substantial amount of Bitcoin or switch off the machines then as it's currently 144 00:03:17,960 --> 00:03:17,970 off the machines then as it's currently 145 00:03:17,970 --> 00:03:20,240 off the machines then as it's currently happening with the time the time will be 146 00:03:20,240 --> 00:03:20,250 happening with the time the time will be 147 00:03:20,250 --> 00:03:22,070 happening with the time the time will be inverted so it will take longer than 10 148 00:03:22,070 --> 00:03:22,080 inverted so it will take longer than 10 149 00:03:22,080 --> 00:03:26,210 inverted so it will take longer than 10 minutes to mine a Bitcoin and to mine a 150 00:03:26,210 --> 00:03:26,220 minutes to mine a Bitcoin and to mine a 151 00:03:26,220 --> 00:03:32,060 minutes to mine a Bitcoin and to mine a block and and after 2016 blocks the 152 00:03:32,060 --> 00:03:32,070 block and and after 2016 blocks the 153 00:03:32,070 --> 00:03:34,370 block and and after 2016 blocks the difficulty will be just it anyway and it 154 00:03:34,370 --> 00:03:34,380 difficulty will be just it anyway and it 155 00:03:34,380 --> 00:03:36,140 difficulty will be just it anyway and it will be back to the usual ten minutes so 156 00:03:36,140 --> 00:03:36,150 will be back to the usual ten minutes so 157 00:03:36,150 --> 00:03:37,700 will be back to the usual ten minutes so there's nothing to worry about this is a 158 00:03:37,700 --> 00:03:37,710 there's nothing to worry about this is a 159 00:03:37,710 --> 00:03:41,570 there's nothing to worry about this is a natural effect that happens on the 160 00:03:41,570 --> 00:03:41,580 natural effect that happens on the 161 00:03:41,580 --> 00:03:44,600 natural effect that happens on the blockchain on the Bitcoin blockchain and 162 00:03:44,600 --> 00:03:44,610 blockchain on the Bitcoin blockchain and 163 00:03:44,610 --> 00:03:46,520 blockchain on the Bitcoin blockchain and it's not the first time it's the third 164 00:03:46,520 --> 00:03:46,530 it's not the first time it's the third 165 00:03:46,530 --> 00:03:48,890 it's not the first time it's the third time that this happening now but just 166 00:03:48,890 --> 00:03:48,900 time that this happening now but just 167 00:03:48,900 --> 00:03:51,050 time that this happening now but just just take a look out I mean it's an 168 00:03:51,050 --> 00:03:51,060 just take a look out I mean it's an 169 00:03:51,060 --> 00:03:53,000 just take a look out I mean it's an interesting it's an interesting thing 170 00:03:53,000 --> 00:03:53,010 interesting it's an interesting thing 171 00:03:53,010 --> 00:03:55,100 interesting it's an interesting thing that's happening because it will reduce 172 00:03:55,100 --> 00:03:55,110 that's happening because it will reduce 173 00:03:55,110 --> 00:03:59,000 that's happening because it will reduce the subsidy or the inflation rate from 174 00:03:59,000 --> 00:03:59,010 the subsidy or the inflation rate from 175 00:03:59,010 --> 00:04:00,530 the subsidy or the inflation rate from the Bitcoin blockchain to around only 176 00:04:00,530 --> 00:04:00,540 the Bitcoin blockchain to around only 177 00:04:00,540 --> 00:04:02,810 the Bitcoin blockchain to around only one point seven nine percent now the 178 00:04:02,810 --> 00:04:02,820 one point seven nine percent now the 179 00:04:02,820 --> 00:04:04,820 one point seven nine percent now the second one will be effect will be really 180 00:04:04,820 --> 00:04:04,830 second one will be effect will be really 181 00:04:04,830 --> 00:04:06,980 second one will be effect will be really is a really interesting one it's called 182 00:04:06,980 --> 00:04:06,990 is a really interesting one it's called 183 00:04:06,990 --> 00:04:09,110 is a really interesting one it's called D SEP and it's translated into digital 184 00:04:09,110 --> 00:04:09,120 D SEP and it's translated into digital 185 00:04:09,120 --> 00:04:11,810 D SEP and it's translated into digital currency electronic payment and that is 186 00:04:11,810 --> 00:04:11,820 currency electronic payment and that is 187 00:04:11,820 --> 00:04:15,110 currency electronic payment and that is the remember of China on a blockchain so 188 00:04:15,110 --> 00:04:15,120 the remember of China on a blockchain so 189 00:04:15,120 --> 00:04:17,570 the remember of China on a blockchain so that happened now as we at category-five 190 00:04:17,570 --> 00:04:17,580 that happened now as we at category-five 191 00:04:17,580 --> 00:04:19,520 that happened now as we at category-five announced it back in December last year 192 00:04:19,520 --> 00:04:19,530 announced it back in December last year 193 00:04:19,530 --> 00:04:22,340 announced it back in December last year they have done it now they're rolling it 194 00:04:22,340 --> 00:04:22,350 they have done it now they're rolling it 195 00:04:22,350 --> 00:04:25,280 they have done it now they're rolling it out and it would have I'm pretty sure 196 00:04:25,280 --> 00:04:25,290 out and it would have I'm pretty sure 197 00:04:25,290 --> 00:04:26,540 out and it would have I'm pretty sure global and 198 00:04:26,540 --> 00:04:26,550 global and 199 00:04:26,550 --> 00:04:30,330 global and so they're gradually replacing the paper 200 00:04:30,330 --> 00:04:30,340 so they're gradually replacing the paper 201 00:04:30,340 --> 00:04:32,790 so they're gradually replacing the paper money with the blockchain money and as 202 00:04:32,790 --> 00:04:32,800 money with the blockchain money and as 203 00:04:32,800 --> 00:04:34,950 money with the blockchain money and as you probably know from China if you go 204 00:04:34,950 --> 00:04:34,960 you probably know from China if you go 205 00:04:34,960 --> 00:04:37,890 you probably know from China if you go to a small market and you want to buy it 206 00:04:37,890 --> 00:04:37,900 to a small market and you want to buy it 207 00:04:37,900 --> 00:04:40,409 to a small market and you want to buy it something very cheap you don't buy it 208 00:04:40,409 --> 00:04:40,419 something very cheap you don't buy it 209 00:04:40,419 --> 00:04:42,930 something very cheap you don't buy it with cash anymore you pay there with 210 00:04:42,930 --> 00:04:42,940 with cash anymore you pay there with 211 00:04:42,940 --> 00:04:45,719 with cash anymore you pay there with your cell phone a little bit like Apple 212 00:04:45,719 --> 00:04:45,729 your cell phone a little bit like Apple 213 00:04:45,729 --> 00:04:47,969 your cell phone a little bit like Apple pay they have got their systems and 214 00:04:47,969 --> 00:04:47,979 pay they have got their systems and 215 00:04:47,979 --> 00:04:50,040 pay they have got their systems and everybody has got that over there they 216 00:04:50,040 --> 00:04:50,050 everybody has got that over there they 217 00:04:50,050 --> 00:04:51,510 everybody has got that over there they don't sometimes they don't even accept 218 00:04:51,510 --> 00:04:51,520 don't sometimes they don't even accept 219 00:04:51,520 --> 00:04:53,909 don't sometimes they don't even accept credit cards anymore and in future it 220 00:04:53,909 --> 00:04:53,919 credit cards anymore and in future it 221 00:04:53,919 --> 00:04:55,860 credit cards anymore and in future it will be only this famous D SEP and 222 00:04:55,860 --> 00:04:55,870 will be only this famous D SEP and 223 00:04:55,870 --> 00:04:58,740 will be only this famous D SEP and you'll see two charts in a second behind 224 00:04:58,740 --> 00:04:58,750 you'll see two charts in a second behind 225 00:04:58,750 --> 00:05:01,740 you'll see two charts in a second behind me when it's a picture of that cell 226 00:05:01,740 --> 00:05:01,750 me when it's a picture of that cell 227 00:05:01,750 --> 00:05:05,939 me when it's a picture of that cell phone application and the other one is 228 00:05:05,939 --> 00:05:05,949 phone application and the other one is 229 00:05:05,949 --> 00:05:10,129 phone application and the other one is just a comparison to cash and and other 230 00:05:10,129 --> 00:05:10,139 just a comparison to cash and and other 231 00:05:10,139 --> 00:05:14,129 just a comparison to cash and and other valuables now they're rolling it out 232 00:05:14,129 --> 00:05:14,139 valuables now they're rolling it out 233 00:05:14,139 --> 00:05:17,760 valuables now they're rolling it out very carefully it's only in few cities 234 00:05:17,760 --> 00:05:17,770 very carefully it's only in few cities 235 00:05:17,770 --> 00:05:19,320 very carefully it's only in few cities where they're rolling it out and testing 236 00:05:19,320 --> 00:05:19,330 where they're rolling it out and testing 237 00:05:19,330 --> 00:05:23,159 where they're rolling it out and testing it they will be involving huge vendors 238 00:05:23,159 --> 00:05:23,169 it they will be involving huge vendors 239 00:05:23,169 --> 00:05:26,640 it they will be involving huge vendors like McDonald's Starbucks that we'll be 240 00:05:26,640 --> 00:05:26,650 like McDonald's Starbucks that we'll be 241 00:05:26,650 --> 00:05:31,740 like McDonald's Starbucks that we'll be testing in these cities the the D SEP at 242 00:05:31,740 --> 00:05:31,750 testing in these cities the the D SEP at 243 00:05:31,750 --> 00:05:34,379 testing in these cities the the D SEP at a stage every merchant must accept the D 244 00:05:34,379 --> 00:05:34,389 a stage every merchant must accept the D 245 00:05:34,389 --> 00:05:36,510 a stage every merchant must accept the D SEP because it's the official currency 246 00:05:36,510 --> 00:05:36,520 SEP because it's the official currency 247 00:05:36,520 --> 00:05:42,719 SEP because it's the official currency of of China it is a blockchain based on 248 00:05:42,719 --> 00:05:42,729 of of China it is a blockchain based on 249 00:05:42,729 --> 00:05:46,170 of of China it is a blockchain based on many things that we know from our 250 00:05:46,170 --> 00:05:46,180 many things that we know from our 251 00:05:46,180 --> 00:05:48,659 many things that we know from our blockchain industry will be incorporated 252 00:05:48,659 --> 00:05:48,669 blockchain industry will be incorporated 253 00:05:48,669 --> 00:05:50,339 blockchain industry will be incorporated in there with the only one will big 254 00:05:50,339 --> 00:05:50,349 in there with the only one will big 255 00:05:50,349 --> 00:05:52,680 in there with the only one will big difference it's centralized now what 256 00:05:52,680 --> 00:05:52,690 difference it's centralized now what 257 00:05:52,690 --> 00:05:53,219 difference it's centralized now what does that mean 258 00:05:53,219 --> 00:05:53,229 does that mean 259 00:05:53,229 --> 00:05:55,080 does that mean so if the government in China or the 260 00:05:55,080 --> 00:05:55,090 so if the government in China or the 261 00:05:55,090 --> 00:05:58,140 so if the government in China or the Central Bank of China decides to do 262 00:05:58,140 --> 00:05:58,150 Central Bank of China decides to do 263 00:05:58,150 --> 00:06:00,360 Central Bank of China decides to do something then everybody will have to 264 00:06:00,360 --> 00:06:00,370 something then everybody will have to 265 00:06:00,370 --> 00:06:02,879 something then everybody will have to follow that and that means that for 266 00:06:02,879 --> 00:06:02,889 follow that and that means that for 267 00:06:02,889 --> 00:06:06,779 follow that and that means that for example if they give you some money 268 00:06:06,779 --> 00:06:06,789 example if they give you some money 269 00:06:06,789 --> 00:06:09,390 example if they give you some money or you have got some money in your in 270 00:06:09,390 --> 00:06:09,400 or you have got some money in your in 271 00:06:09,400 --> 00:06:11,490 or you have got some money in your in your wallet and they can tell you where 272 00:06:11,490 --> 00:06:11,500 your wallet and they can tell you where 273 00:06:11,500 --> 00:06:13,529 your wallet and they can tell you where to spend it you can't do anything 274 00:06:13,529 --> 00:06:13,539 to spend it you can't do anything 275 00:06:13,539 --> 00:06:14,909 to spend it you can't do anything against that because it's not paper 276 00:06:14,909 --> 00:06:14,919 against that because it's not paper 277 00:06:14,919 --> 00:06:17,129 against that because it's not paper anymore you cannot just go somewhere and 278 00:06:17,129 --> 00:06:17,139 anymore you cannot just go somewhere and 279 00:06:17,139 --> 00:06:20,279 anymore you cannot just go somewhere and pay with cash you have to pay with the D 280 00:06:20,279 --> 00:06:20,289 pay with cash you have to pay with the D 281 00:06:20,289 --> 00:06:22,290 pay with cash you have to pay with the D SEP and they can tell you where to buy 282 00:06:22,290 --> 00:06:22,300 SEP and they can tell you where to buy 283 00:06:22,300 --> 00:06:25,499 SEP and they can tell you where to buy it and the question I will be asked well 284 00:06:25,499 --> 00:06:25,509 it and the question I will be asked well 285 00:06:25,509 --> 00:06:26,670 it and the question I will be asked well what happens with us here 286 00:06:26,670 --> 00:06:26,680 what happens with us here 287 00:06:26,680 --> 00:06:28,710 what happens with us here it's the symbol it's going to be similar 288 00:06:28,710 --> 00:06:28,720 it's the symbol it's going to be similar 289 00:06:28,720 --> 00:06:30,810 it's the symbol it's going to be similar just wait a few years I mean not to the 290 00:06:30,810 --> 00:06:30,820 just wait a few years I mean not to the 291 00:06:30,820 --> 00:06:33,930 just wait a few years I mean not to the extreme that they will tell us what 292 00:06:33,930 --> 00:06:33,940 extreme that they will tell us what 293 00:06:33,940 --> 00:06:35,910 extreme that they will tell us what we're what to do and not to do 294 00:06:35,910 --> 00:06:35,920 we're what to do and not to do 295 00:06:35,920 --> 00:06:37,710 we're what to do and not to do with the money because that will be a 296 00:06:37,710 --> 00:06:37,720 with the money because that will be a 297 00:06:37,720 --> 00:06:39,740 with the money because that will be a little revolution in the Western world 298 00:06:39,740 --> 00:06:39,750 little revolution in the Western world 299 00:06:39,750 --> 00:06:43,080 little revolution in the Western world but if the government gives you $1,200 300 00:06:43,080 --> 00:06:43,090 but if the government gives you $1,200 301 00:06:43,090 --> 00:06:45,180 but if the government gives you $1,200 they can decide where to spend where you 302 00:06:45,180 --> 00:06:45,190 they can decide where to spend where you 303 00:06:45,190 --> 00:06:48,060 they can decide where to spend where you they want you to spend it and that can 304 00:06:48,060 --> 00:06:48,070 they want you to spend it and that can 305 00:06:48,070 --> 00:06:51,000 they want you to spend it and that can be regulated and done through as a 306 00:06:51,000 --> 00:06:51,010 be regulated and done through as a 307 00:06:51,010 --> 00:06:54,180 be regulated and done through as a digital currency so watch out we'll keep 308 00:06:54,180 --> 00:06:54,190 digital currency so watch out we'll keep 309 00:06:54,190 --> 00:06:57,630 digital currency so watch out we'll keep you informed on this here and that's it 310 00:06:57,630 --> 00:06:57,640 you informed on this here and that's it 311 00:06:57,640 --> 00:07:00,210 you informed on this here and that's it from me here at the crypto corner I wish 312 00:07:00,210 --> 00:07:00,220 from me here at the crypto corner I wish 313 00:07:00,220 --> 00:07:03,480 from me here at the crypto corner I wish you a fantastic week and that thinks may 314 00:07:03,480 --> 00:07:03,490 you a fantastic week and that thinks may 315 00:07:03,490 --> 00:07:06,750 you a fantastic week and that thinks may pan out the way you want to to be panned 316 00:07:06,750 --> 00:07:06,760 pan out the way you want to to be panned 317 00:07:06,760 --> 00:07:10,050 pan out the way you want to to be panned out so hope to see you next week 318 00:07:10,050 --> 00:07:10,060 out so hope to see you next week 319 00:07:10,060 --> 00:07:12,150 out so hope to see you next week thank you for watching thanks Robert 320 00:07:12,150 --> 00:07:12,160 thank you for watching thanks Robert 321 00:07:12,160 --> 00:07:14,040 thank you for watching thanks Robert just a reminder we're not giving you 322 00:07:14,040 --> 00:07:14,050 just a reminder we're not giving you 323 00:07:14,050 --> 00:07:16,260 just a reminder we're not giving you financial advice here on the show rather 324 00:07:16,260 --> 00:07:16,270 financial advice here on the show rather 325 00:07:16,270 --> 00:07:18,240 financial advice here on the show rather we're simply giving you the facts and 326 00:07:18,240 --> 00:07:18,250 we're simply giving you the facts and 327 00:07:18,250 --> 00:07:21,000 we're simply giving you the facts and leaving it up to you