Security. And, lastly, and this is important particularly in light of the metcalf incident, that has been talked about here, and theyre in the early stages of this but the, they are working on working on a project to develop security, security protections, physical protections and others for substations. So thats going to be extremely critical also. Were very proud of the work that is done at the Idaho National laboratory. Like i said they are reknowned when it comes to Nuclear Energy but there are these new areas that they are developing and Grid Security is certainly one of the things that theyre going to be focusing on. The reason i wanted to say what ive said about this is i want to make sure that everyone in the industry, everyone in the government agencies, knows that these facilities are available because sometimes they have a tendency to fly under the radar. So i want to state that for the record and thank you for making the time available, madam chairman. Thank you, senator ri
And the implications of the Virtual Currencies also other block chainbased applications for the future broadly and i will get into what i mean in a little bit. We are a Nonpartisan Organization that promotes constructive u. S. And european leadership in the world and who meets todays challenge is working with our allies. But we also serve a Public Education function. And i really cant tell you how many people from what i would call that traditional constituency of the Atlanta Council, which is a Longstanding Institution in washington. How many people have come to me and said what is this thing called this claim bitcoin, will it be here tomorrow or will it be here in 2050, and that is part of the reason i decided we should have an event that sort of performs these functions but i try to bring together a nontraditional panel with a lot of distinctive experts from distinct as the plans. Im thrilled and honored that they are here today to explain what bitcoin is, what it means for the futu
By government, confusion among the public and even confusion among the professionals. This is no different than when we were introducing paper money when the United States was going to paper money folks could be rolling out all sorts of different dollars. The greenback was the federal government trying to come in and thats why we have the secret service. They rolled it back in the 1860s and the secret service was there to nick sure this was the one currency that we had about the different banks could be printing their own u. S. Dollars. And we had lots of other confusions when we rolled out the instruments. The archery stocks. They were in this piece of paper entitles you to a portion of this company. Just like we had Security Issues for thi bitcoin, the stock certificates saw all sorts as one of the classic incidences. I watch a lot of Turner Classic Movies and it seems like every other movie is about someone perpetuating some stock fraud. I worked in hong kong for a while and you wou
You were just in moldova. As we try to learn from the things that we could have done or that the alliance could have months ukraine in the and years leading up to this crisis, which im not suggesting anyone could have foreseen what do you think are the most important steps to strengthen the Transatlantic Alliance with moldova to send the right message to russia and to perhaps prepare them for the potential of some kind of offensive action from russian we have intensified our collaboration and cooperation with moldova. Secretary kerry was there in december. As you said, i was there again a week ago sunday. Our primary effort with moldova has been to support their preparations for an Association Agreement signing with the andpean union and the deep comprehensive freetrade agreement. Both of these will strengthen their trade and travel and links to europe and give them more options than simply the russian market. We are also working intensively with them on Energy Security and alternative
On bitcoin i think it might prevent bitcoin from being around in 2050. Sorry. The issue of the crypto currency these are all completely solvable if there is a pointer to it. The amount of security that you have to put in to make sure that they can be secure or outside of what i would even be willing to deal with with a masters and computer security. You have to really protect your self and its best to have a laptop, separate computer that you keep off line that you are only using to keep your wallet. There are some other ways to do it, but as it shows there are a lot of issues in the exchanges. We are still new to this and trying to figure out how it is entirely solvable but it has to be usable for people. There has to be a demand that we are not getting through paypal or credit cards or other things that is going to make it as an exchange for you and me. As far as the brought a change this might be familiar to some of you. This was written in 1996 the declaration of cyberspace. The go