I had a great education a good job and a family that loved me. I never had to worry about how i would be some where i would sleep. Im facing christmas alone out on the streets of london. To be. A cut above the bully like going to school you know to slip in the still give up food for the school. You dont really feel like a human being in that. And then. The guy just came over to me saw me and gave me this book. Some Animal Rights activists are just upset that we eat meat period which makes no sense by the way because animals eat other animals and were supposed to be equal with animals but suddenly they dont want humans eating other animals so in a sense theyre saying that animals have the right to eat other animals but humans dont have a right to eat other animals even though they think were all equal so some of theres a logical inconsistency that. Young children have worked in bolivia for generations almost three quarters of a million doing so today. This culture led to the development of bolivias new liberal and highly controversial childrens code in two thousand and fourteen which gave children as young as ten the right to work under certain circumstances one doesnt use him as. His only. Eat one took him with us in the end all. Of the things years. But there are hundreds of thousands of children in bolivia operation completely outside the local. Mining work you strictly forbidden by the children but its never enforced and that means the school boy minus continues risking their lives for the money they need some fun. Welcome back to the kaiser report imax keyser time now to visit with adela to alone she is a finn lawyer n n o g a cipher punk oh mike this is going to be cool adele a welcome. Thank you tell us about your background what led you to bit coy. Well i first still learned about bitcoin in two thousand and one i know. So i was working in the gold industry in two thousand and one we founded this company and actually ran an online gold backed Payment System and built them as well and we did about what liebling and what not so it was first then that i sort of got introduced into the world of like the possibility of a of a not centralized currency an alternative to what we had going on for you know centralized actors so the surfer punk label goes back to this period of time in other words obviously big play in the way paper was in two thousand and eight of the history of it goes back. Years before that in terms of looking at de sexualize ways to create value to some value Different Companies have been trying to do that for a while and in your background goes all the way back into the early early days yeah yeah actually i worked with some people have had formerly worked at eagled and eagled was probably the first clarence in Settlement System of micro payments and so thats thats thats thats a whole beginning of bitcoin i think thats when the conversation really started to materialize into software right and you are already in the Legal Business law of not at not at all not at all i was in the business of building things and you know and working with teams to to build the systems out to build a build of these protocols so it was well into Technology Yes and that a lot of what got you into the law side of the legal side thats actually really interesting because you know we reached a point post nine eleven where people were going to jail and starting to seriously you know crazy things like i think our conversations are be monitored we started to see the closure of Bank Accounts with. Bank accounts that we previously banks that we prevent previously worked. And so as we say i was getting real right not sure if i can say that but i dont maybe eight it was. It was getting real and i thought wow i Love Technology i love to build stuff i love this ecosystem i love the idea of having an alternative to a centralized authority having a monopoly over how and when we can move value and so i thought i need to understand the regulations behind all of this i cant no couple of pramod youre in the gold space yet and we had a couple prominent people in the gold space like a peter schiff for example Origin Records for example folks and they dont seem to really understand but coin or theyre anti by calling or theyre big skeptics so you know youre somebody by the business for a while youre in the legal space what are they getting wrong wow i mean do you want to be here all of here. Look at im going to take it back to something that i use in that i see in my in my in you know in practice all the time and its that were dealing with regulators for years and back in two thousand and fourteen twenty fourteen i thought twenty thirteen twenty fourteen ok these guys have a long time to figure this out this is new its exciting the Value Proposition is obviously there you know in the form of a white paper we started seeing the b. T. N. Companies coming out so the regulators really do have time to figure it out but its twenty eighteen and we still not really far ahead from where we were in twenty thirteen i think its the same of these guys i think theres a lot of intellectual laziness going on and i know a lot of them are super super prominent. You know intelligent but have coming from those guys is that there are skeptics they have arguments but theyre not the arguments that one would think one would use a guess but clear because there are some arguments that can be made against bit coy but they never use those arguments they is kind of. Hack made ideas about tulip bulbs and things like this but let me move on for a second here so let me get your take on the perennial question that folks are which is the means of exchange versus store a value question you know the white paper is called digital cash essentially a digital Payment System digital cash so it started off really as a medium of exchange and it wasnt all the last couple of years or so that actually this idea of a store of value took off and people started buying it as a store of value and of course the fees have made the medium of Exchange Argument problematic and youve got bitcoin cash coming around saying hey you know weve got a solution to this how do you weigh in on that debate well yeah thats thats actually a big one because we need both things for a currency to actually be successful you know it needs to be a store of value and it needs to be we need to be able to transact in it easily and were seeing problems on the second part of that. I think because it has turned into like a sort of holdall tourism destination when model turtle was like ok. I just booked well. So its kind of like the the the the maximalist idea of holding on to every single big queen that you have and never ever transacting it and thats become very very popular especially in the sort of like underbelly of the space and on the other side of that were seeing a lot of tourisms i have people writing me daily in my inbox i mean posting about this for ever from jump like you ive been talking about it forever posting articles and people are now writing me emails like hey how can i buy stock in the big koreans how can i get rich online with bitcoin so. I think you know one of the problems is adoption were getting there were getting so adoption another huge problem with that is understanding and then people taking the time not taking time to really understand what it is so sad about real attack vectors ok because now that because i jamie diamond was a skeptic now hes saying i regret having called it a fraud hes done a mayor culpa essentially but the Central Banks of the world the big banks the World Governments are starting to get nervous that maybe their ability to tax is going to be diminished because everyones in the crypto space and theres no way to track them down thats going to be a problem for their coffers you know so that governments this is now on their radar some governments are taking it on board like venezuela started crypto russia is looking at crypto and these are countries that have been kind of manipulated by the u. S. Dollar and its status as role reserve currency and it backed by the pentagon really and so theyve got a whole new geo political element youre in the legal aspect of this what do you see as a genuine call an attack vector arena or vulnerability or problem of bitcoin Going Forward oh my god its a real world application the banks or i would see the huge problem right now just in use every single day and use case and the problems is the problem is where you know the where where do the banks stop and the regulators start and so i think by by extension banks have acted out and they are refusing. All the major Bitcoin CompaniesBank Accounts so theres a bit of a system d. Under that set up on ramp is choked because the decrypt conversion is controlled still by the bank absolutely and youre saying the what the not ready but you say. System the system do yeah theres a french term it is yeah which means kind of. Chaos making. Sense out of key. Yeah its also an economics term where people sort of transact and find ways around the status quo what is the difference or the cultural decide so some day be dead hey dave who yeah they are really ours or Something Like that. Have a live in france for a while its as if it was somebody says are you going to do that its a common colloquialism to say system de france just means i just fuss futz around to get it through to some somewhere so this is what the the the principal guiding big corners through the bank. Blockade is is to just wing it. Well to wing it ive seen ive heard that you know some people. Probably misrepresents what the count is being used for of course you know auditors figure out you know be queen is involved through you know wires to the registered exchanges queen bees etc come cumberland which is a proprietary trading firm they track it down and the shut them down to give them couple days sometimes if theyre nice or they just get shut down overnight and so theres a lot of banking tourism thats going on right now people just moving from bank to bank seeking. A more beautiful situation and what i have seen a lot of is you know companies having to ten you know even more than that Bank Accounts right so youve got a portfolio of Bank Accounts and youre trying to cover your bases you know Different Countries are vying to become quote coin switzerland they want to be they see this as a Competitive Edge they want the business they want the technologists they want to be the leaders in this field what countries are leading this remember isle of man was considered to be a forefront or a forerunner of this so its a lot itself is looking like its an attractive space what countries. Are kind of in the good position to be leading the charge we do a lot of jurisdiction and we you know seen a lot of good things out of switzerland whats becoming a little overplayed and i know for example one of the Companies One of the major exchanges right now is having a problem right now because swiss want them to register as some sort of you know not a Financial Institution but kind of a Financial Institution and to do k y c over amounts of five thousand dollars. So what im seeing is a shift right now to the Eastern CaribbeanEastern Caribbean ok. Well yeah. And i think the regulators so far have been very receptive. Theyve learned a hard let they her learned a hard lesson this will be never saying these things. Yes domini dont make a yes so they also have the ability for people to buy citizenship from nice places in the caribbean. For a couple hundred thousand bucks you can buy a passport see them now or its becoming leaders in the script space as well i hope so i would love to see that i want to see more interaction with you know with the Crypto Companies and the regulators because the regulators are asking questions theres a think tank down there that i do some work with that ive you know done some peepers for theyre asking the questions i would love to see that that that space dominated by that area lets change gears for a second or so. I c. E. O. s and issue a Coin Offering this choice seventeen we saw billions of dollars raised by hundreds of i. C. s the summer during the summer the f. C. C. Said most of these i suppose are securities of course that you know they they have to make that distinction whats happening in the i. C. A. O. Market i believe you represent i. C. A. O. Companies and youre youre doing so from a legal perspective whats happening in the size you know space were Going Forward so my firm we do a sort of soup to nuts type thing you know from the very beginning we often deal with issues on the backend you know so that it represents what happens on the front end because theres a lot of issues with that. You know there there are a lot of different types of. Products being offered through these i. C. s i think you know my feeling on it is like do you really need to raise one hundred fifty Million Dollars in two minutes apart on our tab probably not so we have a ten seconds to say growth in that area yeah yeah there is that there is immense growth in twenty eight teams that doesnt lead to another big growth area absolutely but i also see the coming down on it a lot harder than they have and also they are looking at these tokens to see whether it is a you know obscurely utility he took in our candy crush coin or a security right yeah adults along to israel it was report thank you so much for having me all right well as i do it for this edition of the cause report. I guess adelle its a lot if you want to reach us on twitter its kaiser report its all next on. In two thousand and sixteen in the Panama Papers showing the world with a tax haven the secrets to trillion United States dollars pass through most conseco in the amount of time that weve been in the Panama Papers exposure thats what it shows a lot of money it really is. Journalism its a fact of journalism looking at things that people want to keep secret and asking why would they want to keep these things secret. Millions of new sonic fonseca dont commence were examining. All the people we basically have tried to get and ive done the job the disorder was a newspaper. And probably other politician which were. Other politicians the media would point to find targets such as the kings of morocco and saudi arabia the president of argentina several prime ministers. In russian president Vladimir Putin of course. Oh my god ive had so i have sued so many newspapers for defamation some things dont just happen by chance it was very striking there were no more american single specially a lot of people from the brics countries specially brazil russia and china that this special project reveals what was missed in the media coverage. Of the panama chronicles. I think terrys indeed to have potential to come out of this impasse of implementing the mainstream instead by next week on the un peace operation this is very sensitive politically contributing countries to be eventually offer troops its off to decide to whom they have confidence and to have small. One last chance President Trump agrees to again waive certain sanctions on iran but warns that the u. S. Will walk away from the nuclear deal unless revisions of me. Come up to the Washington Posts bureau chief in beirut is blasted on twitter for brazing to the praising the bravery of a syrian journalist who is reputed to be a terrorist sympathizer well a story coming up and also to new yorks Police Union Sues the force commissioner and the city mayor claiming body cam video is being released for political gain. By this seven pm moscow time thanks for watching this weekend i was saturdays going ok my names kevin zero in in this thirty minute news roundup we start with this story donald trump has agreed to extend sanctions relief for a round but he says its for the last time in one hundred twenty days from now than the u. S. President will again have to decide whether to continue to hold off on imposing sanctions as required by the pact and he insists that if revisions to the hard fought agreement are not made that america will walk away in two thousand and fifteen the Obama Administration foolishly traded away strong multilateral sanctions to get its weak nuclear deal despite my strong inclination i have not yet withdrawn the United States from the Iran Nuclear Deal instead i have outlined two possible paths forward either fix the deal was disastrous floors or the United States will withdraw. Even though trump has repeatedly vowed to tear up the iran deal he has decided to keep the deal intact extending sanctions relief but also warning that this will be the last time until the deal is strengthened a bit sanctions will be added on iranian entities for their alleged support of terrorist groups now this comes after his National Security advisers and other signatories have all urged him to comply with the agreement and the e. U. Has been urging washington to stick to it for months and greatly valued the trade c. P. O. Way the new deal we erode the deal is working we want to. Protect just a few way why it should pay for this deal is crucial for the security of the region but also for the security of the well the agreement was signed in two thousand and fifty and it was hailed as a breakthrough in u. S. Iran relations as it ended International Concern over Irans Nuclear program and its often described as obamas signature Foreign Policy achievement but trump has always accused the country of violating the quote spirit of the deal now at the last deadline trying to waive sanctions but decertified irans compliance with the deal which is completely unrelated to all of this a its not part of the deal and b. Irans Ballistic Missiles already been capable of carrying Nuclear Warheads now well just have to wait and see if congress and u. S. Allies will agree to trumps demands. On a d. C. Theres been reaction from the Iranian Foreign minister who hit back donald trump from a q. B. Ultimatum saying the u. S. Should stop jeopardizing the pugs we also number people into running so for they thought about terms position this is this is the thought. Even though that the plan will never be practical because its harmful for america this is a global agreement and its not just the u. S. That imposes sanctions and puts pressure on iran if the u. S. Wants to be isolated then yes it is the right way forward iran should stand strong against these actions because the more weaknesses show the more demanding the u. S. I dont think there is a brain in trumps head hes crazy and hes the one who is unpredictable and. I think if you were really able to kill the deal he definitely would have done it by now i think it is more of threat in response to trumps threats theres been an outpouring of support for the deal from european officials to most recently Germanys Foreign Ministry said it is committed to its full implementation and a former advisor to irans team to join the Nuclear Negotiations told us that despite the bluster the us would be a loser if it backed out of the pact is the president that makes decisions and you have to go one day at a time and dont place too much. In his alternate on today because this deal sails nurses national interest. Defense secretary mattis and tillerson and others and weve heard from the leaders just a couple days ago that this is working. Through nine reports has confirmed that iran has fully fulfill its obligations so there is really no rationale or justification for trump to go against this crowd and really you know land a big stop on the u. S. S. Cole a debility international scene. Meantime while the u. S. Tries to suppress around Nuclear Industry it seems the pentagons reportedly been busy working on a major revamp of its own atomic weapons the plans word to for release in february but they come out early after a leak to the media seems the first of its kind in a is the Nuclear Posture review is going to outline extensive plans to upgrade and replace some of the outdated arsenal it also aims to develop smaller nukes socalled low yield weapons that some move opponents say makes nuclear war actually more likely the plan also wants funding doubled over the next decade and the document lists russia china and north korea as threats which need to be countered it says the federation of american Scientists Say the u. S. Already has well over one thousand low yield Nuclear Warheads but in fact there is powerful as bombs dropped on japan during World War Two the proposed expansions in contrast to President Trumps earlier pledge than to de seek to de niro to seek global d. Nuclearization. Number one i would like to do you know the world i would like russia and the United States and china and pakistan and many other countries that have Nuclear Weapons get rid of the pentagon says it wont comment on the polyphony version of the document but Robert Naiman from the just Foreign PolicyCampaign Group told us that more usable weapons are unlikely to strengthen washingtons powers of deterrence nobody really thinks any sane person is going to use Nuclear Weapons in a strategic competition the point of having these things if there is any or at all is you know so that the other person will be deterred supposedly using your nuclear at their Nuclear Weapons because then you might use yours having all Nuclear Weapons doesnt change that contractors are going to make money of producing a clear weapons so theyll create parochial interests there are pushing these things there are now something that is not in the interest of the world is not in the interest the majority. Of. Washington post bureau chief in beirut has faced a volley of criticism after posting a tweet praising the bravery of a journalist from free syrian t. V. It was quickly revealed though the reporter in fact has links to extremist groups as he goes down off reports Everybody Needs a hero even beacons of independent journalism like the Washington Post and what better candidate than a man doing his job despite the constant threat of bombs these syrian join the list standing in the open field well bombs exploded all around him is very lucky to be alive now flood jacket or helmet you can barely hear him above the explosions he and his colleagues are very brave. A professional for all of us journalists to look up to right wrong this book may have a pretty cover but its the gripping content thats of most interest this man in the video is to hear our model and possibly the best way to understand them is this tweet Shiite Militia turned into minced meat sixty People Killed in an eyesore Suicide Attack some respect for the dead maybe no now im satisfied he writes the different mission of blood lust if you ask me in this picture is all smiles and handshakes with the saudi cleric a jihadi role model here. Sydney is sitting down against the backdrop of terrorist flags heres the one of i saw and hears a noise for us as he worked as a mediator trying to reconcile the groups back in twenty fourteen he set up and ran a Training Camp for child soldiers in syria and has reportedly made repeated calls for sectarian genocide no wonder he is on the u. S. Security blacklist my city is far from the only terrorist has rubbed shoulders with. The other bit of. The group is embedded within this video. Is internationally designated as terrorist born as a branch of an al qaeda affiliate later they swapped sides figuring i saw flavor terrorism was more to their liking when i reached out to the Washington Posts Beirut Bureau chief about her tweet she disputed the fact that she ever gave praise to the man or his so called journalism i dispute that they gave praise to the journalist or his journalism i pointed out that standing up in the field and continuing to talk well explosions they were not all around you is brave. She still admires is bravery though the Mainstream Media has a history of becoming in chanted by jihadi affiliated want to be reporters take karim the story teller when it came to the battle for aleppo people executed its as simple as that what can i do here and see a blend in the crowd i dont think so am i going to turn my so over to the Regime Forces absolutely not so what that hes giving a platform to a suicide bomber right at least hes taking all the right boxes they say you have to protect human rights. They support the terrorism so how on earth. Of ports human rights support terrorism thats thats the bottom line of the hippocratic they have double standards