Might have a website that says you own a certain amount of money a certain amount of that coin a certain amount of whatever but when it comes down to it at the end of the day theres Counter Party risk and as long as someone else is actually holding on to that asset then it can be taken from you or any number of things can go wrong you might not be able to actually access it when you need it so the 1st step is you know getting that iou the next step is learning how you turn that into the real asset that you control yourself so cost offer is Key Management of all the newbie that there are who have a palate bazza big coin this year what are the key ways why should they hire you to manage their gaze jamieson well the best way to describe what we do is actually we help users help themselves we dont want to hold peoples keys for them that would just make us another type of bank instead we want to give people soft ware that is user friendly and we want to give them a level of service that the
Manage their gaze jamieson well the best way to describe what we do is actually we help users help themselves we dont want to hold peoples keys for them that would just make us another type of bank instead we want to give people soft ware that is user friendly and we want to give them a level of service that theyre not going to find with any of the custodial providers out there where we are showing them how they actually create and manage their own keys and therefore control of their own coin and that is rio where i think a lot of the Value Proposition of bitcoin risk lying is because you have the ability to be your own bank but unfortunately it can be a very early very complicated and tricky waters to navigate because there along with this power comes a lot of responsibility and a lot of ways that you can shoot yourself. Im a foot and that is why over the past decade many millions of bitcoin have been lost due to various mistakes that people that made we want to help people avoid all
Thats coming up next. Welcome back to kaiser report summer solution series on back skies with stacy harbor and today were going to be talking about the many selves of money self sovereignty self custody and Self Reliance joining us very quickly will be jamison of cheese dot com stacy yes and i just you want to say of course that max i didnt invest in cost because we use the service on that some amazing really so jamison i want to look at a piece from Forbes Magazine that somebody was tweeting about their article said that 15 percent of American Adults now own some form of crypto currency more than half of those invested for the 1st time in the 1st half of 2020 on average they invested about 67500000000. 00 in crypto currency roughly 4000. 00 per person so locked down stimulus money has been good for a lot of people theyre pouring their money into robin hood up and apparently and many people are buying crypto currency if theyre buying bitcoin which they should be instead of crypto what
Few 90s inland. Reggie . The coronavirus outbreak at san quentin is growing. More than 1,000 inmates and 100 Staff Members have tested positive. Of course, health in our various communities is something that abc7 is following closely as we look to build a better bay area. While this virus spreads within the prison. The outbreak is also concerning people who live in marin county because, of course, so many of the prison Staff Members also live there and shop there. Abc7 News Reporter Lauren Martinez is live in san quentin with more on this. Lauren . Reggie, the situation is getting so bad that there is a court order that all staff at california state prisons must be tested by next monday. Staff at san quentin must be tested by this thursday. Now, a federal court order sites staff as the main vector for spreading the virus in state prisons. A woman who wanted to only be identified as danny spoke to us by phone about her 29yearold son who is an inmate at san quentin and tested positive fo
Many millions have lost their jobs. There is great uncertainty about the future. At the Federal Reserve, we are strongly committed to using our tools to do whatever we can, and for as long as it takes, to f provide some relief and stability, to ensure that the recovery will be as strong as possible, and to limit lasting damage to the economy. The most important response to this crisis has come from our health care workers. And on behalf of the Federal Reserve, let me express our sincere gratitude to those dedicated individuals who put themselves at risk, day after day, in service to others and to our nation. Let me also thank the many other essential workers across the country who have helped meet our basic needs for goods and services in these difficult times. The virus and the forceful measures taken to control its spread have induced a sharp decline in Economic Activity and a surge in job losses. Indicators of spending and production plummeted in april, and the decline in real gdp i