Page 39 - Bit Coin News Today : Breaking News, Live Updates & Top Stories | Vimarsana

That nature. john: we agreed drugs only harm the users out of personal choice but my wife says this is not a good one reason we have given to protect people from this kind of stuff. >> great. law enforcement is looking at going after these companies and probably will be successful because bit coin is not completely anonymous but criminals can use cash to accomplish the same thing and actually silk road is a drop in the bucket of the total drug trade but there are things that are illegal or frowned upon that we do want people to engage upon like if you want to mental health screening but don't ...

Recreates bit coin but the limit on the total number automatically? >> the total number is 21 million we will get there around the year 2040 so that makes it a deflationary currency. john: have i know some clever kids will not make up 1 million? >> because of cryptography. many experts have tried to crack the code has been unable to do so. john: you mentioned a pal why not+%ñ that? >> that is the exciting part that for the first time we can transact without a third-party so if i want to send you would have to dollars to have to use paper towel they would deduct $100 from my account and added ...

>> and we agree that drugs only harm the users sometimes and personal choice, but what do you say to my wife who says this is not good? one reason we have government is to protect people with this kind of stuff. >> i think law enforcement is going after silk road and probably will be successful in my opinion. bit coin is not completely anonymous. you have to understand criminals can use cash to accomplish the same thing. actually, silk road is a drop in the bucket with the total drug rate. there are things frowned upon that we want to engage in. >> if you wanted to get a mental health screenin...

Limit on the total number automatically? >> the total number of bit coin that will ever exist is 21 million. it will get there around the year 2040. that makes it inflationary currency. there's no central bank that can make more of them. >> how do i know some clever kid won't make a million bit coins? >> because of krip to go fee is the answer. until the i vengs of bit coins if i want to send you $100 we would have to use something like visa or master card or pay ball. they would make money from my account and add it to yours. everything would reconcile to zero. we transact with nobody between...

You want to contribute to wikileaks as an american you can do that because they tell comment bank of america did not allow you to make a transfer to them if you have bit coin nothing can be done john: the regulators now say we will regulate this bit coin would is interesting. >> they cannot regulate the network they can regulate the users and the businesses that facilitate the transfer but if we want to exchange dollars we can do that without any intermediaryf john: one government has made it clear it uses bit coin as a legal currency and that is germany spirit freewill view that as a former p...