Absolutely and thats a great question and one of the Key Properties of block change is the ability to move funds anywhere around the world any time without an intermediary without a bank and around the world theres 1700000000 banks individuals around the world and so with the ability to use blog chain youre actually able to help bank and provide Banking Services to these individuals for savings spending bore away and insurance and facebook came out and said libra is going to help to bank the unbanked in under banks populations and this just doesnt seem to be the case if you need a bank account you need an identity i mean this is cutting you know one in 3 adults all around the world and this is one of the problems related to also the k y c n. N. Which you know make facebook have this as a requirement and as of now that just seems to be creating issues and leaving a major part of the population. And sticking with facebook and labor for a minute here in the labor white paper there were references to their blog chain promoting what theyre calling an open identity standard essentially the idea behind identity in this regard is making a way for users to be able to have a fully verifiable digital version of identification that would work throughout the internet sort of walk us through how this technology would work in the specific benefits of this kind of identity and. One of the key problems with this emergence and as we moved over to doing more and more online and having more of our lives online has been this. Disconnect essentially between our physical lives our physical identity and being able to prove you know flawlessly that this is the same individual in an online capacity and this just hasnt been done to an adequate way and so this is a you know a very exciting part of what you know facebook is trying to do and were very big fans of open identity systems and open frameworks however one of the issues here is that it isnt an open identity for all because its actually leaving out the banked population because it is requiring an identity and because it is requiring a bank account it just fails to really solve the mission for the mass population. Now a lot of the use cases for block change technology are really meant to benefit the 3rd world countries that have less of a robust infrastructure than that of the wild for instance and then services they can be wildly and efficient and banks think companies that provide the services charge outrageous to be. So tell us about the problem and how watching can help to improve this upon the broken system. This is one of the key problems im very excited a blog chain being able to solve an already is more efficient than many of the solutions out there and according to the world bank there is a remittance costs on average of 6. 84 percent but this can range from 10 to 20 percent depending on the country and depending on the amount that youre sending and this is just taking away hard earned funds and money from the lives of people to be able to feed their families or to be able to send their kids to school and this is a key problem and so block change can definitely serve as part of the solution around this being able to send funds around the world instantly and one of the key things with this from the United Nations standpoint and one of the Un Sustainable Development goals is to bring this cost below 3 percent however theres actually a key problem here with Money Transfer operators are m. T. O. Such as Western Union one of the things that they do is to be able to control what we call cash points and that would essentially be physical shops or postal offices where you can actually get cash in your bank account the physical cash and what Companies LikeWestern Union do or Money Transfer operators they make these post offices in the shops sign exclusive contracts for very long periods and this actually causes a very big problem because even with using Block Chain Technology they may actually create a savings for the Money Transfer operators but those savings may not actually pass on to the end consumer because of these exclusive contracts which will prevent any sorts of competition against them and ali just quickly weve also heard them. Chains open and transparent nature can do things like creating land registries in many underdeveloped countries in haiti for instance records are kept on paper which makes them easily lost altered or perhaps corrupted or destroyed how can this all be corrected with blog chain. That is a great question and theres not only is it in haiti but all around the world i mean in the United States theres a small town still with records on on paper but but essentially everywhere theres still this problem and so one of the things where blog chain can have a very big impact is by digitizing these records and putting them on an immutable ledger were able to help stamp out things like fraud and were also able to deal with issues such as natural disasters or corrupt governments and so in the case with haiti and natural disasters you know even if youre displaced and you dont come back the next day you might come back you know a couple years down the road or your family might come back 10 years later there will still be an immutable rocker of the property that you own and you know 10 years down the road someone else may have moved into that property but then there can be processes to actually ensure that youre compensated for these amounts or for for your property and so this is actually a really improved porton innovation that can also help to deal with changing governments and all sorts of factors that are changing it keeps this stable set of information there for the future and so i think thats a very important component and more importantly when you also paired up with for example a block chain based on your line Financial Service system and you see a lot of. For example Money Laundering or Terrorism Financing or drug financing where this money gets washed through you know the banking system. In the. Real estate for example youll be able to essentially pare this and stamp a lot of this corruption that might deal with real estate so this is a very exciting area to have registries using. The managing partner with a block and consultant to the United Nations thank you so much for being here. And theres always new developments in the crypto subjoined today were going to take a look at some of the coins that have been garnering a lot of attention lately while its still too early for all seasons to officially begin we have a lot of standout strength and coins like grin these systems and bats these guys managed to shrug off bitcoin selling pressure and stay green do the do to their impressive pipeline of updates coming online later this year to give us more of the latest developments welcome back rockie miller c. E. O. Of bits young. So welcome rocky what is what is grand right now this is one of the most exciting crypto currencies out on the space and why is nimble wimble so important break it down for us. Yeah the number wimble is the protocol that was put forth in the chat rooms to address improvements in the big network and the improvements for specific to privacy improving privacy and scalability so the way that privacy is improved is this implementation of this protocol does not require public addresses or transaction history so its hard to trace transactions or know who you know who that originated out of the transaction is so this greatly improves privacy and on the scale ability side theyve addressed this through more optimized use of data space usage so making nimble wimble nimble essentially. The grid essentially is a is a token or implementation of nimble wimble now the interesting with thing with grid is they have employed a resistant. Consensus. Algorithm which is which means that theyre trying to make their consensus algorithm not favor like large miners that can basically buy their way into into more expensive hardware and thereby control more of the flow of grid so very exciting project nimble wimble is you know exciting since it came out it shows the strength and adaptability of the big quaint framework so a lot of excited people about it there are telegram it seems maybe the most hyped c. E. O. In the history of those last year was a record 1700000000. 00 through a token sale that was limited to accredited investors now its graham token will go on sale to regular crypto buyers for the 1st time in july but apparently people in the u. S. Japan and korea are not allowed to participate how is that fair how does that work and do you think the u. S. Is making itself anticompetitive by being so restrictive in some opportunities to buy. Yes lets talk about this token sale of a little bit whats interesting is that the tokens can be listed on the liquid exchange 9 believe it starts july 10th and this is not agreement between the liquid exchange and telegram the telegram is not posting these tokens there is an entity called gram asia in korea theyre the ones that supposedly the largest token holders in asia theyre the ones that are listing these tokens the quantity price is unknown at this point so its really more of a secondary offering at best. With other exchanges involved at this stage still addressing the. Issue of regulation i think you know the u. S. Has the longest established regulations and unfortunately sometimes you cannot have your cake and eat it too the regulations are there to protect investors and until and unless you know regulations feel like these listings and offerings are protecting our investors Retail Investors its going to be its going to be uphill climb so yes there is definitely opportunity lost in some instances but you know the u. S. Has been here for a long time doing this and you know it will continue being conservative in this space but i truly believe that it will be concerted conservative to a point of losing out on all this innovation happening globally and really quickly remind us all again what exactly does tunde do and how is it different from all of its predecessors in the way that some of the setbacks. Yes so. Its been called is the Telegram Open Network essentially it is telegrams response to a theory im it will be a big vision is a decentralized internet with the ability to build decentralized apps on it that will focus on both payment communications as well as other other decentralized applications. Now the interesting thing with telegram obviously you know as as weve just mentioned theyve raised 1700000000. 00 they have over 200000000. 00 users and growing it is it is the defacto application that most people that get into crypto currency use and are actively using so the power of the organization and the Development Community around telegram is vast and its going to be very interesting to see how they come up. To speed and you get in the game with the theory im and the applications that are going to develop because they do have a captive audience rocky millers a sealed bids you know thanks so much for joining us. Thank you for having you guys. Time now for a quick break here because when we return based planes are a common occurrence in business but on the other side of the break we take a look at the biggest whats weve seen in the sector while backing up wash. Lets. Just say. Thank you. And very well might continue watching us until last. My 7 years doing drugs my nephew was still in drugs my system just with doing drugs it was like an epidemic of drug abuse americas public enemy number one in the United States is drug abuse started going after the users in the prison population who are we started treating sick people people who are addicted to these drugs like criminals while i was on the hill recently became convinced that the war on drugs. There are countless numbers of people who are in prison for. Sins for whom minor minor offenders in the drug trade its a lot watching your children grow up and miss you in waves and say by daddy as youre walking out of this is just it doesnt get easier. Hes the tech entrepreneur some people love to hate anyone musk the marketing genius who hasnt quite the career and used to be a media darling but now his Media Relations of take a turn for the worse and the controversies keep piling up archie correspondent in touch a sweet takes a look into some of the factors impacting musks reputation from los angeles recognized for many tributes musk is probably most widely known as. Theres no question that the success really. Is not without controversy born in south africa 48 year old elon musk has helped to start at least 6 Global Companies and growing Technology Entrepreneur investor and engineer was listed as the 12th youngest billionaire on forbes for. 100 list he has a net worth of 22300000000. 00 according to forbes hes the 40th richest person in the world and in december of 2016 he wasnt ranks as one of the 21st most powerful people in the world for nothing hes the cofounder c. E. O. And product architect of the electric Car Company Tesla pay pal the online Payment System worth more than 15000000000. 00 was cofounded by musk hes the c. E. O. And lead designer of space x. The Aerospace Company is reportedly worth more than 33000000000. 00 hes the c. E. O. And cofounder of neurally a Neuro Technology company that develops implantable brain computer interfaces traffic is soul destroying its like acid on the soul its horrible after living in los angeles for 16 years must decided to take the issue of traffic into his own hands and founded the Boring Company hes proposing underground tunnels as a way of relieving congestion on the roads the system is designed to do over a 100 miles an hour through the tunnel and i mean were being credible if you could travel around l. A. New york d. C. Chicago paris london anywhere at a 150 miles an hour to be from phenomenal hes also the cofounder and cochairman of open ai a Research Organization developing Artificial Intelligence but now theres been a few incidents that received quite a bit of Media Attention and its happening on twitter there was a bit of a war on the social media platform with british diver Vernon Unsworth who assisted rescuing 12 boys and their soccer coach who were trapped in a cave it all started when musk offered to send in a Drilling Team and a mini submarine to thailand to help speed up rescue efforts after vernon called musks kid sized submarine a p. R. Stunts must and it has a tape to respond on twitter the twitter spat escalated with musk calling vernon a pedo guy meaning a pedophile he soon after deleted the tweets. And then the controversial pod cast with joe broke it. Probably cant because stockholders right. I mean its legal right ok how does it work do people get upset at you if you do certain things. Back oh and marijuana in their will cannabis is legal in california the stock holders did take notice teslas stocks plummeted as much as 10 percent after the podcast to Senior Executives also resigned just hours after the interview aired other tweets from us resulted in an f. B. I. Investigation in 2018 federal agents began looking into whether tesla intentionally made public statements of impossible production goals musk said looks like we can reach 20000. 00 model 3 cars per month in december another tweet from musk about possibly taking test the private resulted in a combined 40000000. 00 in fraud settlement fees and must relationship with the media took a turn after tweeting he would create a website that would track to credibility squirrel journalists editors and publications this was before mask reportedly told the New York Times in an august 28th story that he used ambien to help him sleep article or poorly concern teslas Board Members will not specifically related to must twitter account the death of 4 tesla drivers using autopilot did raise questions about the car safety but not enough to stop people from buying the car just this week according to Financial Experts test is on track to telling the most cars on record in los angeles in march this week r. C. Microsoft cofounder bill gates recently made news by describing one of his biggest regrets while he was still the head of one time worlds most valuable Company Gates said he wished microsoft would have gone toe to toe with googles android to come up with a solid alternative to compete with apples i os in an interview with village global gates said of the situation in a Software World particularly our plan. Forms there are winners take all markets so you know the greatest mistake ever is whatever mismanagement i engaged in that caused microsoft not to be what android is that is android is the Standard Apple i phone platform and it is amazing to me that having one of the greatest mistakes of all time currently enjoyed makes up roughly 75 percent of mobile operating System Markets apple accounts for just over 22 percent the other operating systems are barely blips on the radar microsoft has tried over the years with a Windows Mobile operating system but they never really caught on what gates is talking about here is a full fledged effort to make a universal alternative to apple similar with what they did with the windows operating system on desktop and Laptop Computers competitors have come and gone but windows is still on 80 percent of syst