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Episode 551

January 18, 2014 11:30

Reuters/Pawel Kopczynski

Download video (205.24 MB)

Max Keiser and Stacy Herbert discuss Bitcoin 2.0. The currency application of Bitcoin was version 1.0, now there are dozens of new and innovative ideas riding the blockchain and, in the process, creating Capitalism 2.0. In the second half, Max interviews Reggie Middleton of BoomBustBlog.com about his own Bitcoin 2.0 application for hedging. Reggie says that if Bitcoin were a car, it would be one which also comes with its own road and which can go faster than any other car on the road and pay no tolls - it is an intelligent currency, unlike dumb fiat.

Comments (28)

 

mikehenseler 21.01.2014 20:38

...of course governments(bankers) will ban it. Anything that competes against Central Bank debt based Fiat currency will be forced out, either by outright banning or by making it near impossible to exchange or even at gunpoint.
I'm surprised its not yet illegal to exchange Gold/Silver for Fiat.
....but the technology will live on

 

Scottish Gold 21.01.2014 16:43

Well Max, yesterday Finland and Denmark ruled against your pyramid ponzi scheme. They agreed with China. Why don't you just admit that you are a cheap opportunist? Last year it was all about gold and silver. Now you beat the drum for this worthless scam. You are loosing your audience Max and Wallstreet won't have you back. You're a con artist.

 

Alex GuangTou 21.01.2014 04:14

Max, with this report you will write history. I've already said it in 2010 when I first bought BC that the currency concept is unsustainable, but the technology spill-overs will reestablish global trade and hence global collaboration.
W hat it really enables is a totally symmetrical, mutually agreed on accounting ledger at any conceivable time. With this comes accuracy, trust, equality in information and therefore the biggest revolution of mankind so far. A new wild, wild west but on an equal playing ground. People who can't conceive this are either uneducated or defunct in their ability to think outside the box.

View all comments (28)
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