Security and speed up the Chip Technology in the United States after recent Security Breaches at target and other retailers. The sigma mastercard, and American Express have given most merchants until october, 2015 two top of that technology. Groupon is the latest Technology Company to have an insane ipo. Brought thats not postup robinson 2009 but the site makes money on users downloads of coupons. We are learning that twitter page 36 million for 900 ibm patents purchased back in december. This was done after ibm wrote to twitter after possible infringement or it the twitter had only nine patents before this. The hunt for the original creator of that coin. He is living in southern dorian says youi never heard of it until a few weeks ago. The main reason i am here is to clear my name and i had nothing to do with bitcoin. I had nothing to do with developing. I was just an engineer doing something else. So . Is he or isnt he the inventor of bitcoin . Jon erlichman is outsideyucca motos house down here ando there are reporters back here today. We have been here for several hours. Mr. Nakamoto has not been seen yet. Reporters have just been leaving business cards at the front door. He did take time yesterday in an extensive interview with the Associated Press to say he is not the guy and did not create bitcoin. Newsweek is standing by its story and here we are where the world is forming its own opinion. We have been asking the neighbors if they know him. Across the street is well aware that this story is out there. She says she has no clue if he is the creator and has not seen him too much Walking Around the property over the last few years and said it was more common for him for her to see his mother. You will not see bitcoins laying around the yard . Is there any clues . No, there is a certain fascination with this story. As the story came set that came out, there has been secrecy surrounding who actually created bitcoin. There is the possibility it was a group of programmers and then all of a sudden, they said this one individual living in this wouldbe community did and there thebeen suggestion that person would have an enormous amount of wealth at their fingertips. You heard what he told the ap and will likely to continue to say that the we will stick around to see if he has anything more to say. Thank you. A judge has overturned the first ever attempt of the faa to find a drone operator. Who has the right to regulate drones . Megan hughes has more. Tell me about this ruling. The case we are talking about who faces ailot 10,000 fine from the faa which is now null and void. He was charged with reckless piloting of this drone. This is the university of virginia emotional video he was shooting back in 2011. You can see in the video he is going under bridges and near statues and over pedestrians and over cars. Case out ofthis thentsb in denver said there are no enforceable rules. This was shot with a drone that was less than five pounds. And thereneoam wing is no precedent for any kind of rule to enforce here. The faa is contending that commercial drug use was and while they are working on the rules. Now this just lows that up. Hamiash,nteresting, are we looking at a situation where all systems are go . Absolutely, this will be a gold rush like it was back in the days with gold. Last year, a lot of people got in early. I was one of them with a Company Called sky catch and we were excited. I had a big vision for early entrepreneurs and what they would do an amazon did of pr stunt and made a big noise. This is one of the right steps in the right direction, to get to where we need to for the commercial drone market. Is there a reasonable case to say the faa does not have a right to legislate this . The perspective from the Drone Industry groups is they say this underscores the need for rules. They say the reason this judge made this decision is that there are no rules on the books and they want to see these rules that were supposed to come out in 2011 and now they are supposed to come out in november for commercial drone use and they keep getting pushed back. They want the rules on the books so some of the bigger players can feel comfortable and know what they are investing in is legal. They say they are seeing a lot of big business moving overseas because there is still some uncertainty here. They are interpreting this decision as a push for rules. Video of showing some delivering beer to ice fishermen. I can say thats a necessity. What is the big business you think will open up immediately if the rules are dropped . This is already going on. All over the world. The faa is a little late to the party so we are waiting. It will open up a whole bunch of markets. This has to do with data. Sky catch has a lot of contracts that deal with commercial agriculture. Construction, mining, and energy are others. This will open up a lot of markets. Let me back up when you talk about agriculture, specifically what . Think about your farmer and you are looking at your crops. Many times they dont know what is happening and they can survey it on a huge property and could have drones going into check to see if they are getting infested by insects. Side,n the every culture you can also look at the entire landscape. There is thousands and thousands of acres that these big agriculture farms have. They are replacing men and women out in the fields. They are getting the drones to really take the data. At sky catch, we call them aerial robots, not drones. It is watching what is happening. You called the amazon thing a pr stunt . We were showing video of a flower delivery and you mentioned the beer delivery. All of these companies have been receiving letters from the faa. This case was the first find that they have been receiving cease and desist letters, more than a dozen companies. The faa is having trouble keeping track of these. They got these letters but todays case kind of makes those letters worthless. It does, how they are talking about these drones are like model aircraft. Anything under 400 feet, literally the faa does not care about. This is one step in the right direction for the battle. Delivery will be one of the markets that will take off for sure. Not what amazon did. You are not going to see what you saw on 60 minutes. Is maybe all see pizza truck or a fedex truck will be on your block and youll see a whole bunch of drones popout and they will go and deliver just like your mailman does. Pryou think that was a stunt . It was. It was great for them. Yearn spent 6 billion per just in shipping. For amazon, if they can cut into that with the drones, even 10 or 50 , look at the money they will be saving. Why the faa has anothers legislation, reason is jobs. It will open up a huge economy and all these jobs, maybe 100,000 jobs in the next two years, after 2015 and all the regulations are approved, that will open up even more jobs. The market is huge, we are talking about billions of dollars in there has been close to 100 million invested in drone startups as well. I dont know if we will start laying off all the ups drivers just yet. Thank you both. A quick programming note later today, i will speak with salesforce ceo marc bening on the 15th anniversary and get his indistinct inequality struggle in the Technology Community so tune in at 6 00 eastern right here on bloomberg tv. Still ahead, is this man really the inventor of bitcoin . We will go back live to Southern California to talk about the secret behind the bitcoin after this break. Welcome back to bloomberg west. Nakamoto the bitcoin creator . Wild has been a relatively 24 hours for what is a pretty sleepy community in temple city. It is in the pasadena area, about 20 minute drive from beverly hills. If you think about how all of this and folded, this explosive newsweek story which reveals where mr. Nakamoto is, the reporters made their way here and he eventually addressed the reporters. In some situations, when you have a situation like this, the person the story is about will make some comment. His comment was more about the idea of whos interested in giving me a free lunch. As a result, he ended up going with the Associated Press reporter and they drove away and all the reporters follow. This is getting tracked on social media and people got interested in the story because of that part of it. It has gotten that much more interesting now that we have him saying he is not the creator of bitcoin. The bitcoin users seem particularly fanatical like any early adopter might the. Have they shown up as well . These people have staked so much of their lives on that coin so have they shown up to see the man himself . I would say no. These are mainly reporters here now. Maybe we are just trying to get more details. You are right, there were people who were immediately, based on the newsweek story, who were very angry at the fact that there were these revelations of who he was. The other reason why you seen so many people discussing this online and through social media is that this is a somewhat comparable figuring out what is fact and what is fiction. Facebook have become platforms we now use in big ways when stories are developing. This might be different because you have one story from a very organizationedia and you match that with commentary coming from the person the story is about and then people continue to weigh the backandforth of it online. You have some very strong commentary online from those who are backers of this crypto currency. But they have not been showing up here. Thets also interesting fanatical nature of this thing. Its amazing that people with such a great interest in this are actually upset about the fact that that interest led to people finding out who invented this and track this guy down. They have their reasons for it. There has been a lot of discussion around that online. Public, theres always going to be a fascination in creators whether they are creating something perceived as being good or bad. Many would argue that we are talking about something that has been transformational. For years, people talked about the idea of a digital current to becoming reality but all the while cards that got in the way about happening you have seen those who were early members of the club that have become these incredibly wealthy people because of the success of bitcoin and they made the story more interesting when it was initially thought that here is somebody who was the creator who maybe is worth a lot of money but we dont really know. He was living modestly in temple city. There is a fascination tied to bitcoin and the secrecy surrounding its creation. You expect though some might be frustrated at this revelation true or false, there are so many more people who are curious about the story overall. Jon erlichman, thank you very much and the author of that smartill be on street later today. We will hear about the terrific job she did reporting this thing and im covering this great mystery. Weve got the insiders guide to austin, texas next. Welcome back to bloomberg conferencetesxsw opens up today in austin, texas. If youre curious, a attention. We break down what everyone will talk about this weekend. Going down to austin for sxsw interactive festival . Pr three things everyone will be talking about there is a paradox, Everybody Loves coming down to austin for its laidback vibe but if every corporate Marketing Company blows their money on public relations, it ruins that vibe. The police shut down the Pandora Party last year and lady gaga was denied a permit to do a concert in a giant doritos vending machine. We are getting into close yogi berra territory for it no will will go there because it is too crowded. This year, there are more sessions discussing the role of women in technology than ever before, 17 of them. Er leaning in and out analyzing every move of marissa mayers, it would be natural this would be a huge topic. We are now in the second phase of the women in tech issue. We are recognizing there are not enough women in tech and the second thing is to talk about and the third will be when women in tech is not an issue, just a reality. Its almost too obvious to bring this up but facebooks 19 oh yuan dollar hurt just ofw hatsapp will have everyone wondering who will hit the powerball this year and some i think it could be another messaging app but they would be wrong. They have been a big deal going back to 2011 when the conference darlings were companies that did this and popularity at sxsw is no indication of future earnings. Otherwise, we would be talking about groupme and beluga. Thats old school. Later today, i will speak with the salesforce ceo marc benioff. The Company Celebrates its 50th anniversary with a huge Party Taking Place across the street from our office. Be sure to tune in for that at 6 00 eastern right here on bloomberg tv. It is 26 minutes past the hour on the markets which means we are on the markets. Lets get you caught up on where stocks stand. We had the jobs report coming out earlier with more jobs added to the economy last month and have been estimated. 0 ofemployment rate was 1 1 one percent higher. In reaction to that, we are seeing a little change picture in the market. Some investors are saying there are still concerns about ukraine and the situation there spilling over into the broader local economy potentially. That the perspective is the s p 500 closed at a record yesterday so we are slightly off of those levels today. Lets talk individual stocks shares of big lots are asserting the most in six years after posting fourthquarter profits that beat analyst estimates on the company explored a sale three years ago scaledback estimates last year amid a revenue slump. We will have more on the marketsin 30 minutes. You are watching bloomberg west. New information on how things are going for box. Revenue projected this year will double from last year. Filed for an ipo earlier this year and sources say it plans to make its prospectus public in the next few weeks. Y is here now and these are the questions how big is this business that has their competitors so excited, 100 million last year . It looks like it will double this year. One of the businesses has been2x every year. All these companies that have had all their data and documents on premise in their local servers and data centers are all moving to the cloud. Has positioned itself as an enterprise provider for Companies Ready to do that. They provide secure service for companies that want their employees to be able to collaborate on documents across the firewall. That is a big number. How do they compare to other companies . Software Service Companies look at Public Markets, 100 growth is considered quite good. Public markets tend to look for 50 and above. Those would be highgrowth companies. To bc received quite well because the companies before them have done quite well in the market. The Public Market investors are very primed for a business like this. Comparisoning at its salesforce in 2005 was doing 176 billion 176 million and that was doubling back ends about a goodsized business. Investors are really Rewarding Companies with this approach. You are seeing companies with 20 times price to sales ratio. Than theh greater multiples. Weeku wrote a story this that i think was one of my favorite stories about this current bubble. About the later stage that companies are doing going public right now. There is a long history but the idea was that during the financial crisis, no one could go public. You had these companies that were growing up during that time but there was no ipo window. The ipo window is now open and out you accompanies the may have started in 2003 and they would have gone public but there was no opportunity for them to do so. Now, they are three or four years old or so companies are more mature so the numbers are bigger. The problem is for companies that are not mature and the ipo market is not that open to them because there is not the demand. That this timeht its a different argument. We have had a couple of financial bubbles like real estate and dot com but the nature of these things are always different. Remember covering finance during the real estate bubble. The number of analysts and investors i talked to that said this is not really a bubble because there is a hard asset underneath and even if the market collapses, everyone still has their homes and then it ended up in the biggest financial crisis since the great depression. All bubbles do not look alike. I thought your story was terrific. Tech news editor. Peopleen has surprised with blackberry. Some say they still face a tough road ahead. We talked to him yesterday and he talked about the decision to change the companys name from research in motion to blackberry. I personally Like Research in motion that her because i grew up with a pager. Soad a keyboardbased phone i dont know. The name is interesting. This is a joke if myys tell people that kid is not doing well in school, i am thinking of naming him somebody else. Thats the trick and that will make him the number one student. I will rename him every day if that works. Theave to compete and do right thing. Naming his naming, whatever. We have a good brand. In all seriousness, are you sticking with the blackberry nine . Yes, i never gave a one nanosecond thought about changing names. Something that you have thought about is your future devices and you talk recently about the keyboard device for the keyboard enthusiast which will be launched later this year. In terms of time, is this something you want on the market by september or before . I would like it to be there yesterday. I could not get there yesterday because i have to make sure that the user interface is one that has more than Just Technology as bel as letting the user base very comfortable and familiar with it. I am bridging the two world so that takes a little while. It would probably be toward the end of the year like september or october. I am very much looking forward for that device. Of your beste nonusers on the planet is president obama. Not to say he would not use an iphone. He said for security reasons, he cannot use it. Anything you would try to do to see if president obama has any input in what he would like to see in a q20 . Not in the q20. I have briefed the white house from an it perspective. We spoke to them about the plan going forward. It was customer outreach and they were nice enough to share some of their thoughts with me. Wh