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And had some controlling legal authority. you think regulation is a great deal and once that takes place it will hurt this point. >> because regulation is inevitable. people get hurt demand it but once you get regulation in it is more expensive, all the compliance involved and so on and when you do that you take away the advantage of bit coin, a cheaper method of generating currency. the current systems of currency are expensive. the margins are very low and could go lower still with competition, regulated environment, it is still superior. >> the amount of energy bit coin

And had some controlling legal authority. you think regulation is a great deal and once that takes place it will hurt this point. >> because regulation is inevitable. people get hurt demand it but once you get regulation in it is more expensive, all the compliance involved and so on and when you do that you take away the advantage of bit coin, a cheaper method of generating currency. the current systems of currency are expensive. the margins are very low and could go lower still with competition, regulated environment, it is still superior.