[Script Info]
Title: 
[Events]
Format: Layer, Start, End, Style, Name, MarginL, MarginR, MarginV, Effect, Text
Dialogue: 0,0:00:00.00,0:00:01.92,Default,,0000,0000,0000,,[Music]
Dialogue: 0,0:00:01.92,0:00:04.40,Default,,0000,0000,0000,,foreign
Dialogue: 0,0:00:04.40,0:00:07.22,Default,,0000,0000,0000,,[Music]
Dialogue: 0,0:00:07.22,0:00:09.48,Default,,0000,0000,0000,,powered decentralization has the
Dialogue: 0,0:00:09.48,0:00:11.70,Default,,0000,0000,0000,,potential to impact Society in a variety
Dialogue: 0,0:00:11.70,0:00:13.76,Default,,0000,0000,0000,,of ways including around how much power
Dialogue: 0,0:00:13.76,0:00:16.56,Default,,0000,0000,0000,,companies and governments have
Dialogue: 0,0:00:16.56,0:00:18.72,Default,,0000,0000,0000,,blockchains are immutable the record
Dialogue: 0,0:00:18.72,0:00:21.18,Default,,0000,0000,0000,,that's created cannot be changed by
Dialogue: 0,0:00:21.18,0:00:23.40,Default,,0000,0000,0000,,anyone so whatever is put onto a
Dialogue: 0,0:00:23.40,0:00:25.98,Default,,0000,0000,0000,,blockchain you can trust and rely its
Dialogue: 0,0:00:25.98,0:00:27.72,Default,,0000,0000,0000,,accuracy that's pretty powerful in a
Dialogue: 0,0:00:27.72,0:00:29.94,Default,,0000,0000,0000,,world of deep fakes in a world of the
Dialogue: 0,0:00:29.94,0:00:32.64,Default,,0000,0000,0000,,exposure of corruption and graft all
Dialogue: 0,0:00:32.64,0:00:35.16,Default,,0000,0000,0000,,over the world blockchains give us a
Dialogue: 0,0:00:35.16,0:00:36.96,Default,,0000,0000,0000,,financial infrastructure that we can
Dialogue: 0,0:00:36.96,0:00:40.20,Default,,0000,0000,0000,,deploy worldwide when certain crisis or
Dialogue: 0,0:00:40.20,0:00:42.24,Default,,0000,0000,0000,,things break out sometimes it takes a
Dialogue: 0,0:00:42.24,0:00:44.04,Default,,0000,0000,0000,,while to get that funding to people but
Dialogue: 0,0:00:44.04,0:00:45.78,Default,,0000,0000,0000,,with newer Technologies we can find
Dialogue: 0,0:00:45.78,0:00:47.82,Default,,0000,0000,0000,,entire regions and places more quickly
Dialogue: 0,0:00:47.82,0:00:49.62,Default,,0000,0000,0000,,and overnight oftentimes when we give
Dialogue: 0,0:00:49.62,0:00:51.30,Default,,0000,0000,0000,,our power away that power is actually
Dialogue: 0,0:00:51.30,0:00:52.92,Default,,0000,0000,0000,,used against us with blockchain
Dialogue: 0,0:00:52.92,0:00:54.84,Default,,0000,0000,0000,,technology it's all about giving the
Dialogue: 0,0:00:54.84,0:00:56.28,Default,,0000,0000,0000,,power back to the user giving the
Dialogue: 0,0:00:56.28,0:00:58.44,Default,,0000,0000,0000,,control back to the user when you go on
Dialogue: 0,0:00:58.44,0:01:01.32,Default,,0000,0000,0000,,Instagram you are beholden to the
Dialogue: 0,0:01:01.32,0:01:03.84,Default,,0000,0000,0000,,Instagrams algorithm of what they show
Dialogue: 0,0:01:03.84,0:01:06.60,Default,,0000,0000,0000,,you how you discover new content and how
Dialogue: 0,0:01:06.60,0:01:08.52,Default,,0000,0000,0000,,you engage with the platform itself and
Dialogue: 0,0:01:08.52,0:01:10.08,Default,,0000,0000,0000,,I think that works for many reasons
Dialogue: 0,0:01:10.08,0:01:12.30,Default,,0000,0000,0000,,moving forward however think
Dialogue: 0,0:01:12.30,0:01:15.24,Default,,0000,0000,0000,,decentralization has a role to play in
Dialogue: 0,0:01:15.24,0:01:17.82,Default,,0000,0000,0000,,creating systems where users can have
Dialogue: 0,0:01:17.82,0:01:20.64,Default,,0000,0000,0000,,more control over their data over their
Dialogue: 0,0:01:20.64,0:01:22.98,Default,,0000,0000,0000,,privacy and over how they interact with
Dialogue: 0,0:01:22.98,0:01:25.02,Default,,0000,0000,0000,,any platform online one of the most
Dialogue: 0,0:01:25.02,0:01:25.80,Default,,0000,0000,0000,,interesting things about
Dialogue: 0,0:01:25.80,0:01:27.78,Default,,0000,0000,0000,,cryptocurrencies is they're Universal
Dialogue: 0,0:01:27.78,0:01:30.06,Default,,0000,0000,0000,,there's no Bitcoin Central Authority and
Dialogue: 0,0:01:30.06,0:01:32.34,Default,,0000,0000,0000,,so everybody can use it without having
Dialogue: 0,0:01:32.34,0:01:34.02,Default,,0000,0000,0000,,to trust some particular government or
Dialogue: 0,0:01:34.02,0:01:36.30,Default,,0000,0000,0000,,some particular Central Authority
Dialogue: 0,0:01:36.30,0:01:38.22,Default,,0000,0000,0000,,there are good reasons for having
Dialogue: 0,0:01:38.22,0:01:41.16,Default,,0000,0000,0000,,centralized entities for one they can
Dialogue: 0,0:01:41.16,0:01:42.84,Default,,0000,0000,0000,,afford certain kinds of protections that
Dialogue: 0,0:01:42.84,0:01:45.12,Default,,0000,0000,0000,,a decentralized entity can if there's
Dialogue: 0,0:01:45.12,0:01:47.52,Default,,0000,0000,0000,,not the entity that's in control or the
Dialogue: 0,0:01:47.52,0:01:49.92,Default,,0000,0000,0000,,entity that is there to protect you from
Dialogue: 0,0:01:49.92,0:01:52.38,Default,,0000,0000,0000,,say frauds and scams like Banks can do
Dialogue: 0,0:01:52.38,0:01:54.42,Default,,0000,0000,0000,,then consumers for instance are
Dialogue: 0,0:01:54.42,0:01:57.18,Default,,0000,0000,0000,,vulnerable because there's no Central
Dialogue: 0,0:01:57.18,0:02:00.24,Default,,0000,0000,0000,,authority to appeal to if you lose your
Dialogue: 0,0:02:00.24,0:02:04.44,Default,,0000,0000,0000,,money it's final tax thefts are quite
Dialogue: 0,0:02:04.44,0:02:06.30,Default,,0000,0000,0000,,scary when you're holding Bitcoin and
Dialogue: 0,0:02:06.30,0:02:08.16,Default,,0000,0000,0000,,that's always going to be an issue it's
Dialogue: 0,0:02:08.16,0:02:09.84,Default,,0000,0000,0000,,actually an issue with with anything in
Dialogue: 0,0:02:09.84,0:02:13.70,Default,,0000,0000,0000,,life right with any physical property
Dialogue: 0,0:02:14.58,0:02:17.10,Default,,0000,0000,0000,,Bitcoin itself is a is a hyped up fraud
Dialogue: 0,0:02:17.10,0:02:18.78,Default,,0000,0000,0000,,so I think we're seeing lots of scams
Dialogue: 0,0:02:18.78,0:02:20.88,Default,,0000,0000,0000,,and frauds for a variety of Reason one
Dialogue: 0,0:02:20.88,0:02:24.06,Default,,0000,0000,0000,,is that it's really complex it's
Dialogue: 0,0:02:24.06,0:02:26.40,Default,,0000,0000,0000,,difficult to understand what's going on
Dialogue: 0,0:02:26.40,0:02:28.68,Default,,0000,0000,0000,,the government doesn't really have a
Dialogue: 0,0:02:28.68,0:02:31.20,Default,,0000,0000,0000,,great grip on what's going on so you
Dialogue: 0,0:02:31.20,0:02:33.36,Default,,0000,0000,0000,,have government confusion and therefore
Dialogue: 0,0:02:33.36,0:02:35.76,Default,,0000,0000,0000,,lack of oversight you have frankly some
Dialogue: 0,0:02:35.76,0:02:37.98,Default,,0000,0000,0000,,very intelligent people operating
Dialogue: 0,0:02:37.98,0:02:40.26,Default,,0000,0000,0000,,cryptocurrency companies and you have
Dialogue: 0,0:02:40.26,0:02:41.70,Default,,0000,0000,0000,,lots of people who want to make a lot of
Dialogue: 0,0:02:41.70,0:02:43.86,Default,,0000,0000,0000,,money and lots of gullible people who
Dialogue: 0,0:02:43.86,0:02:45.18,Default,,0000,0000,0000,,put all that into the mix you've got a
Dialogue: 0,0:02:45.18,0:02:47.76,Default,,0000,0000,0000,,recipe for disaster my biggest worry
Dialogue: 0,0:02:47.76,0:02:51.18,Default,,0000,0000,0000,,about the blockchain space is that we
Dialogue: 0,0:02:51.18,0:02:54.42,Default,,0000,0000,0000,,need to protect users and ensure that
Dialogue: 0,0:02:54.42,0:02:56.58,Default,,0000,0000,0000,,their security comes first I think it's
Dialogue: 0,0:02:56.58,0:02:58.56,Default,,0000,0000,0000,,very clear that we need government
Dialogue: 0,0:02:58.56,0:03:02.82,Default,,0000,0000,0000,,regulation we have seen the collapse of
Dialogue: 0,0:03:02.82,0:03:05.94,Default,,0000,0000,0000,,big crypto firms we have seen all kinds
Dialogue: 0,0:03:05.94,0:03:07.26,Default,,0000,0000,0000,,of problems people are going to get
Dialogue: 0,0:03:07.26,0:03:09.90,Default,,0000,0000,0000,,their money stolen at the end of the day
Dialogue: 0,0:03:09.90,0:03:13.26,Default,,0000,0000,0000,,you need the government to regulate to
Dialogue: 0,0:03:13.26,0:03:15.96,Default,,0000,0000,0000,,sort of control the direction of Us in
Dialogue: 0,0:03:15.96,0:03:18.06,Default,,0000,0000,0000,,January alone Bitcoin is heading to a
Dialogue: 0,0:03:18.06,0:03:20.52,Default,,0000,0000,0000,,roughly 4 percent gain he always
Dialogue: 0,0:03:20.52,0:03:22.50,Default,,0000,0000,0000,,volatile cryptocurrency Market took a
Dialogue: 0,0:03:22.50,0:03:24.12,Default,,0000,0000,0000,,dive this week the reason there's so
Dialogue: 0,0:03:24.12,0:03:27.06,Default,,0000,0000,0000,,much volatility in prices of crypto
Dialogue: 0,0:03:27.06,0:03:28.74,Default,,0000,0000,0000,,assets is
Dialogue: 0,0:03:28.74,0:03:31.32,Default,,0000,0000,0000,,we don't quite know what the future is
Dialogue: 0,0:03:31.32,0:03:33.42,Default,,0000,0000,0000,,we don't know what regulation is going
Dialogue: 0,0:03:33.42,0:03:35.94,Default,,0000,0000,0000,,to be we don't know all the uses it's
Dialogue: 0,0:03:35.94,0:03:38.16,Default,,0000,0000,0000,,very early days nothing is guaranteed to
Dialogue: 0,0:03:38.16,0:03:39.54,Default,,0000,0000,0000,,go up forever
Dialogue: 0,0:03:39.54,0:03:41.46,Default,,0000,0000,0000,,and nothing is guaranteed that is going
Dialogue: 0,0:03:41.46,0:03:43.44,Default,,0000,0000,0000,,to continue to go down Forever Until
Dialogue: 0,0:03:43.44,0:03:46.86,Default,,0000,0000,0000,,really Bitcoin succeeds the price won't
Dialogue: 0,0:03:46.86,0:03:49.14,Default,,0000,0000,0000,,start to stabilize it will still be very
Dialogue: 0,0:03:49.14,0:03:51.66,Default,,0000,0000,0000,,volatile they eventually become approve
Dialogue: 0,0:03:51.66,0:03:54.12,Default,,0000,0000,0000,,itself and the price will will become
Dialogue: 0,0:03:54.12,0:03:55.98,Default,,0000,0000,0000,,more stable I believe it's valuable on
Dialogue: 0,0:03:55.98,0:03:57.96,Default,,0000,0000,0000,,the condition that people value it it's
Dialogue: 0,0:03:57.96,0:04:00.18,Default,,0000,0000,0000,,valuable on the condition that there are
Dialogue: 0,0:04:00.18,0:04:02.52,Default,,0000,0000,0000,,enough people who will accept it as a
Dialogue: 0,0:04:02.52,0:04:06.12,Default,,0000,0000,0000,,means of trade if no one wants to accept
Dialogue: 0,0:04:06.12,0:04:08.04,Default,,0000,0000,0000,,it as a form of payment then no it
Dialogue: 0,0:04:08.04,0:04:09.78,Default,,0000,0000,0000,,doesn't have any value currency isn't
Dialogue: 0,0:04:09.78,0:04:11.10,Default,,0000,0000,0000,,the kind of thing that has value
Dialogue: 0,0:04:11.10,0:04:12.90,Default,,0000,0000,0000,,independently of what people think about
Dialogue: 0,0:04:12.90,0:04:15.08,Default,,0000,0000,0000,,it