[inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] coming up on cspan2, the Homeland Security Committee Examines the use of Virtual Currencies. Then, a look at the process that granting security clearances for federal workers and contractors. And live at noon eastern, a Heritage Foundation panel on the deal struck in geneva, switzerland, on Irans Nuclear program. Today the Heritage Foundation examines the deal reached this its weekend in geneva, switzerland, on Irans Nuclear weapons program. Watch the event live starting at noon eastern here on cspan2. Also here on cspan2, a look at u. S. Canada Military relations. Well be live at 1 30u p. M. Eastern. The senate Homeland Security Committee Last week examined the governments ability to regulate Digital Currencies like bitcoin. This hearing is two and a half hours. [inaudible conversations] well, good afternoon, everyone. Thank you for joining us. We especially want to thank our witnes
Im pleased to cochair this hearing on the present and future impact of Virtual Currency. My friend senator merkel and i appreciate the work senator heller has done and senator kirk will be joining us as well. Were going to do this a little different because its a joint subcommittee hearing i will chair the first panel and the senator will chair the second. The uses of Virtual Currencies have proliferated in recent years. My hope for this hearing is to educate the Senate Members and others and start the education of the public about Virtual Currencies, including the potential and drawbacks. I also hope to explore how regulators are keeping up with this technological innovation to protect consumers. Ive got a full statement here but i actually have to acknowledge that ive been following this development of bit coins for the last two months. I would think im only starting to wrap my head around the potential upside, downside, regulatory issues, Monetary Policy issues, taxation issues, Con
Anonymity and privacy, and bath there are new laws that are required to end the possibility of anonymity or to address that in some way. I think, you know, as i stated in my comments, we are very focused within our business on having very deep levels of identity verification, we view that as critical. Others within the Digital Currency world, particularly within geographies that dont have the same type of regulatory regimes do not. There are other things we need to be thinking about that could address those issues. I think that arena needs additional and careful consideration. Thank you. I think there is broad consensus among the panel here, i was very heartened to hear the first panels message, and i think we have a lot of consensus, ill pick two issues to give you an answer. First, i was interested in listening to the gentleman from the secret service that said that centralized currencies pose the greatest risk as far as Money Laundering. And bit coin, because of their nature, they w
Car with an artist. You dont know why. If you get 4. 9, only a small percentage get that. 4. 8 is competent, 4. 7, solid, 4. 5 gets a little hairy, may not know the city. We can use it to determine who is providing bad service, good service. Those providing poor service we cant partner with. Those accounts typically get deactivated. As an uber customer, wonder how you balance supply and demand. How are you tuning these algorithms. At our country we have a math department. Im a computer engineer, scientist, background at ucla before i dropped out. I thought that would be funny. I still sort of directly manage or get involved with that team. Basically seems naturally you push a button and a car comes in five minutes. How do you know that will happen. You have to predict ahead of time. The right number of cars at the same time. Predicting traffic. How long does it take for a car to get there can affect how all the trips happen going to leave this. You can watch the rest online at cspan. O
Security Committee Examining the policing of Virtual Currencies. Then a House Homeland Security Committee Examining the management at the department of Homeland Security. On monday, the senate Homeland Security committee examined the governments ability to police the use of Digital Currency with the laws currently on the books. Online decentralized systems allow people to Exchange Goods and Services Without using real money, including bit coins. This hearing is two and a half hours. Good afternoon, everyone. Thank you for joining us, we especially want to thank our witnesses, panel number one, and somewhere in the audience, panel number two. The i. D. Card is there, so pick it up please and put it where it belongs. That way well know who you are and you will, too. My succeeder in the senate used to say many years ago, he would say, his advice was wear a big button. Wear a big button when youre campaigning so youll remember your name and so will other people, too. We want to make sure p