without doing a background check is a victimless crime.

W-IH0 TH-AW1-T D-UW1 IH0 NG-AH0 B-AE1-K G-R-AW2-N-D CH-EH1 K-IH1 Z-AH0 V-IH1-K T-AH0 M-L-AH0-S K-R-AY1-M


[crosstalk 0:00:03:22]but that is the victimless ... is the crime. that's the crime that hurts somebody.

K-R-AO1-S T-AO1-K Z-IH1 R-OW0 T-UW1 Z-IH1 R-OW0 Z-IH1 R-OW0 AW1 ER0-Z TH-R-IY1 M-IH1 N-AH0-T S-AH0-N-D T-W-EH1-N T-IY0 T-UW1 S-EH1 K-AH0-N-D-Z B-AH1-T DH-AE1 T-IH1-Z DH-AH0 V-IH1-K T-AH0 M-L-AH0 S-IH1-Z DH-AH0 K-R-AY1-M TH-AE1-T-S DH-AH0 K-R-AY1-M DH-AE1-T HH-ER1-T-S S-AH1-M B-AA2 D-IY0


abled them. because without me, how-

EY1 B-AH0-L-D DH-EH1-M B-IH0 K-AO1 Z-W-IH0 TH-AW1 T-M-IY1 HH-AW1


is not for hunting.


yeah. then ... so you don't need that stuff. that's not for hunt- ... you know.

Y-AE1 DH-EH1-N S-OW1 Y-UW1 D-AA1-N T-N-IY1-D DH-AE1-T-S T-AH1-F TH-AE1-T S-N-AA1-T F-AO1-R HH-AH1-N T-Y-UW1 N-OW1


yeah. you know, it's fun.what do you need a ... what do you need a semi-automatic ...

Y-AE1 Y-UW1 N-OW1 IH1-T-S F-AH1 N-W-EY2-T D-UW1 Y-UW1 N-IY1 D-AH0 W-AH1-T D-UW1 Y-UW1 N-IY1 D-AH0 S-EH2 M-IY0 AO2 T-AH0 M-AE1 T-IH0-K


it's not about if a bad guy breaks into my house.

IH1-T S-N-AA1 T-AH0 B-AW1 T-IH1 F-AH0 B-AE1-D G-AY1 B-R-EY1-K S-IH0-N T-UW1 M-AY1 HH-AW1-S


uses any crisis really, to ...

Y-UW1 S-IH0 Z-EH1 N-IY0 K-R-AY1 S-AH0 S-R-IH1 L-IY0 T-UW1


the government can only get money from the people.

DH-AH0 G-AH1 V-ER0 M-AH0-N-T K-AE1 N-OW1 N-L-IY0 G-EH1 T-M-AH1 N-IY0 F-R-AH1-M DH-AH0 P-IY1 P-AH0-L


what i mean by pay that off, i mean ...

W-AH1 T-AY1 M-IY1-N B-AY1 P-EY1 DH-AE1 T-AO1 F-AY1 M-IY1-N


taxes and get nothing for them.

T-AE1-K S-AH0 Z-AH0-N-D G-EH1 T-N-AH1 TH-IH0-NG F-AO1-R DH-EH1-M


about that kind of debt; i'm talking about debt that you acquired before they were born. well, they'll be fine.

AH0 B-AW1-T DH-AE1-T K-AY1-N D-AH1-V D-EH1 T-IH1-M T-AO1 K-IH0 NG-AH0 B-AW1-T D-EH1-T DH-AE1 T-Y-UW1 AH0 K-W-AY1 ER0-D B-IH0 F-AO1-R DH-EY1 W-ER0 B-AO1-R N-W-EH1-L TH-EY1-L B-IY1 F-AY1-N


i mean, they'll be fine.


by force, and then we use that to do all sorts of things.

B-AY1 F-AO1-R S-AH0-N-D DH-EH1 N-W-IY1 Y-UW1-Z DH-AE1-T T-UW1 D-UW1 AO1-L S-AO1-R-T S-AH1-V TH-IH1-NG-Z


give it to other people, enhance the state.

G-IH1 V-IH1-T T-UW1 AH1 DH-ER0 P-IY1 P-AH0 L-EH0-N HH-AE1-N-S DH-AH0-S T-EY1-T


new programs that take away your liberties.

N-UW1 P-R-OW1 G-R-AE2-M-Z DH-AE1-T T-EY1 K-AH0 W-EY1 Y-AO1-R L-IH1 B-ER0 T-IY0-Z


of this, that there are regular, just kind of republican conservative types.

AH1-V DH-IH1-S DH-AE1-T DH-EH1 R-AA1-R R-EH1 G-Y-AH0 L-ER0 JH-AH1-S-T K-AY1-N D-AH1 V-R-IH0 P-AH1 B-L-IH0 K-AH0-N K-AH0-N S-ER1 V-AH0 T-IH0-V T-AY1-P-S


be a few steps ahead of them. and-

B-IY1 AH0 F-Y-UW1-S T-EH1-P S-AH0 HH-EH1 D-AH1-V DH-EH1 M-AH0-N-D


and you can track it back to the original owner.

AH0-N D-Y-UW1 K-AE1-N T-R-AE1 K-IH1-T B-AE1-K T-UW1 DH-AH0 ER0 IH1 JH-AH0 N-AH0 L-OW1 N-ER0


you can go ... i mean the list goes on.

Y-UW1 K-AE1-N G-OW1 AY1 M-IY1-N DH-AH0 L-IH1-S-T G-OW1 Z-AA1-N


obama likes use this ...

OW2 B-AA1 M-AH0 L-AY1-K S-Y-UW1-Z DH-IH1-S


and load of guns.no ... yeah. yeah.and it comes back to chicago.

AH0-N D-L-OW1 D-AH1-V G-AH1-N S-N-OW0 Y-AE1 Y-IY1 HH-AE2-N D-IH1-T K-AH1-M-Z B-AE1-K T-UW1 SH-AH0 K-AA1 G-OW2


and sells them out of the back of the van to criminals.

AH0-N-D S-EH1-L-Z DH-EH1 M-AW1 T-AH1-V DH-AH0 B-AE1 K-AH1-V DH-AH0 V-AE1-N T-UW1 K-R-IH1 M-AH0 N-AH0-L-Z


and ... right? like what are you talk-

AH0-N D-R-AY1 T-L-AY1 K-W-AH1 T-AA1 R-Y-UW1 T-AO1-K


talking about? i mean to people that don't question, i mean that's part of why i think-

T-AO1 K-IH0 NG-AH0 B-AW1 T-AY1 M-IY1-N T-UW1 P-IY1 P-AH0-L DH-AE1-T D-AA1-N-T K-W-EH1-S CH-AH0 N-AY1 M-IY1-N TH-AE1-T-S P-AA1-R T-AH1 V-W-AY1 AY1 TH-IH1-NG-K


if obama ... see, this is what he says. that there's some ...no, i heard him. i heard him.there's-

IH1 F-OW2 B-AA1 M-AH0 S-IY1 DH-IH1 S-IH1 Z-W-AH1-T HH-IY1 S-EH1-Z DH-AE1-T DH-EH1-R-Z S-AH1-M N-OW1 AY1 HH-ER1-D HH-IH1 M-AY1 HH-ER1-D HH-IH1-M F-ER0-Z


and he brings them back to chicago and sells them to gangsters.

AH0-N-D HH-IY1 B-R-IH1-NG-Z DH-EH1-M B-AE1-K T-UW1 SH-AH0 K-AA1 G-OW2 AH0-N-D S-EH1-L-Z DH-EH1-M T-UW1 G-AE1-NG-S T-ER0-Z


come on. i mean because they're not talking about private sales between a couple friends or even a couple people that meet on the internet. we're talking about someone who's-

K-AH1 M-AA1 N-AY1 M-IY1-N B-IH0 K-AO1-Z TH-EH1-R N-AA1-T T-AO1 K-IH0 NG-AH0 B-AW1-T P-R-AY1 V-AH0-T S-EY1-L-Z B-IH0 T-W-IY1 N-AH0 K-AH1 P-AH0-L F-R-EH1-N-D Z-AO1 R-IY1 V-IH0 N-AH0 K-AH1 P-AH0-L P-IY1 P-AH0-L DH-AE1 T-M-IY1 T-AA1-N DH-AH0 IH1-N T-ER0 N-EH2 T-W-ER0 T-AO1 K-IH0 NG-AH0 B-AW1-T S-AH1 M-W-AH2-N HH-UW1-Z


i bet you he's a drug dealer. might be a pimp or something.

AY1 B-EH1 T-Y-UW1 HH-IY1 Z-AH0 D-R-AH1-G D-IY1 L-ER0 M-AY1-T B-IY1 AH0 P-IH1-M P-AO1-R S-AH1-M TH-IH0-NG


the federal government needs to have a giant umbrella over all states.

DH-AH0 F-EH1 D-ER0 AH0-L G-AH1 V-ER0 M-AH0-N T-N-IY1-D-Z T-UW1 HH-AE1 V-AH0 JH-AY1 AH0-N T-AH0-M B-R-EH1 L-AH0 OW1 V-ER0 AO1-L-S T-EY1-T-S


shut this shit down so that no matter where you live, everything is the same.

SH-AH1-T DH-IH1-S SH-IH1-T D-AW1-N S-OW1 DH-AE1 T-N-OW1 M-AE1 T-ER0 W-EH1 R-Y-UW1 L-AY1 V-EH1 V-R-IY0 TH-IH2 NG-IH1-Z DH-AH0 S-EY1-M


but we're all individual states. we can travel in between each state, yeah-

B-AH1 T-W-ER0 AO1 L-IH2-N D-AH0 V-IH1 JH-AH0 W-AH0-L-S T-EY1-T S-W-IY1 K-AE1-N T-R-AE1 V-AH0 L-IH0-N B-IH0 T-W-IY1 N-IY1-CH-S T-EY1 T-Y-AE1


all that stuff is supposed to be left to the state. this federal-

AO1-L DH-AE1-T-S T-AH1 F-IH1-Z S-AH0 P-OW1-Z-D T-UW1 B-IY1 L-EH1-F-T T-UW1 DH-AH0-S T-EY1-T DH-IH1-S F-EH1 D-ER0 AH0-L


there is a part in there where it talks about the federal government protects the rights.

DH-EH1 R-IH1 Z-AH0 P-AA1-R T-IH0-N DH-EH1 R-W-EH1 R-IH1-T T-AO1-K S-AH0 B-AW1-T DH-AH0 F-EH1 D-ER0 AH0-L G-AH1 V-ER0 M-AH0-N-T P-R-AH0 T-EH1-K-T-S DH-AH0 R-AY1-T-S


and it ... and congress shall pass no law that infringes on people's rights to keep and bear arms.

AH0-N D-IH1 T-AH0-N-D K-AA1-NG G-R-AH0-S SH-AE1-L P-AE1 S-N-OW1 L-AO1 DH-AE1 T-IH0-N F-R-IH1-N JH-IH0 Z-AA1-N P-IY1 P-AH0-L Z-R-AY1-T-S T-UW1 K-IY1 P-AH0-N-D B-EH1 R-AA1-R-M-Z


does passing an assault weapon ban ...

D-AH1-Z P-AE1 S-IH0 NG-AE1 N-AH0 S-AO1-L T-W-EH1 P-AH0-N B-AE1-N


time. no, no, it doesn't ... it's not a living document. it doesn't-

T-AY1-M N-OW1 N-OW1 IH1-T D-OW1 S-AH0-N T-IH1-T S-N-AA1 T-AH0 L-IH1 V-IH0-NG D-AA1 K-Y-AH0 M-AH0-N T-IH1-T D-OW1 S-AH0-N-T


doesn't change. we change it with amendments.

D-OW1 S-AH0-N-T CH-EY1-N JH-W-IY1 CH-EY1-N JH-IH1 T-W-IH1 DH-AH0 M-EH1-N D-M-AH0-N-T-S


they all want to work and live in peace.

DH-EY1 AO1 L-W-AA1-N-T T-UW1 W-ER1 K-AH0-N D-L-AY1 V-IH0-N P-IY1-S


and i think that's the way most people want to live their lives today.

AH0-N D-AY1 TH-IH1-NG-K TH-AE1-T-S DH-AH0 W-EY1 M-OW1-S-T P-IY1 P-AH0 L-W-AA1-N-T T-UW1 L-AY1-V DH-EH1-R L-IH1-V-Z T-AH0 D-EY1


hey, they just want a ... they just want a regular life. it's-

HH-EY1 DH-EY1 JH-AH1-S T-W-AA1-N T-AH0 DH-EY1 JH-AH1-S T-W-AA1-N T-AH0 R-EH1 G-Y-AH0 L-ER0 L-AY1 F-IH1-T-S


i mean that's up in the air, so, what, yeah.

AY1 M-IY1-N TH-AE1-T S-AH1 P-IH0-N DH-AH0 EH1-R S-OW1 W-AH1 T-Y-AE1


the power do that.


here's how to prevent it from happening in the future.

HH-IH1-R-Z HH-AW1 T-UW1 P-R-IH0 V-EH1-N T-IH1-T F-R-AH1-M HH-AE1 P-AH0 N-IH0 NG-IH0-N DH-AH0 F-Y-UW1 CH-ER0


but the people of today haven't gone through those same experiences. they say-

B-AH1-T DH-AH0 P-IY1 P-AH0 L-AH1-V T-AH0 D-EY1 HH-AE1 V-AH0-N-T G-AO1-N TH-R-UW1 DH-OW1-Z S-EY1 M-IH0-K-S P-IH1 R-IY0 AH0-N S-IH0-Z DH-EY1 S-EY1


no, it does apply now.


we seem to overlook ...


allow the government to do. it allows the government to take anyone that they suspect of a being a terrorist ...

AH0 L-AW1 DH-AH0 G-AH1 V-ER0 M-AH0-N-T T-UW1 D-UW1 IH1 T-AH0 L-AW1-Z DH-AH0 G-AH1 V-ER0 M-AH0-N-T T-UW1 T-EY1 K-EH1 N-IY0 W-AH2-N DH-AE1-T DH-EY1 S-AH0-S P-EH1-K T-AH1 V-AH0 B-IY1 IH0 NG-AH0 T-EH1 R-ER0 IH0-S-T


and without a trial, they can pick you up, put you in a cage.

AH0-N D-W-IH0 TH-AW1 T-AH0 T-R-AY1 AH0-L DH-EY1 K-AE1-N P-IH1 K-Y-UW1 AH1-P P-UH1 T-Y-UW1 IH0 N-AH0 K-EY1-JH


they don't have to ever let you go. they don't have to notify anybody.

DH-EY1 D-AA1-N-T HH-AE1-V T-UW1 EH1 V-ER0 L-EH1 T-Y-UW1 G-OW1 DH-EY1 D-AA1-N-T HH-AE1-V T-UW1 N-OW1 T-AH0 F-AY2 EH1 N-IY0 B-AH0 D-IY0


we have new pint glasses made. we drink a fair amount of be-

W-IY1 HH-AE1 V-N-UW1 P-AY1-N-T G-L-AE1 S-AH0 Z-M-EY1 D-W-IY1 D-R-IH1-NG K-AH0 F-EH1 R-AH0 M-AW1-N T-AH1-V B-IY1


as wisconsin's number one libertarian podcast.

AE1 Z-W-IH1-S K-AH0-N S-AH0-N Z-N-AH1-M B-ER0 W-AH1 N-L-IH2 B-ER0 T-EH1 R-IY0 AH0-N P-OW1-D K-AE2-S-T


and i think we're might be the only.

AH0-N D-AY1 TH-IH1-NG K-W-ER0 M-AY1-T B-IY1 DH-AH0 OW1 N-L-IY0


who ... i don't know who it was.

HH-UW1 AY1 D-AA1-N T-N-OW1 HH-UW1 IH1 T-W-AA1-Z


johnson. he said, "gary johnston isn't a libertarian, come on, now." and apparently gary john said something ...

JH-AA1-N S-AH0-N HH-IY1 S-EH1-D G-EH1 R-IY0 JH-AA1-N-S T-AH0 N-IH1 S-AH0-N T-AH0 L-IH2 B-ER0 T-EH1 R-IY0 AH0-N K-AH1 M-AA1-N N-AW1 AH0-N D-AH0 P-EH1 R-AH0-N T-L-IY0 G-EH1 R-IY0 JH-AA1-N S-EH1-D S-AH1-M TH-IH0-NG


it doesn't really ... come on. really.

IH1-T D-OW1 S-AH0-N T-R-IH1 L-IY0 K-AH1 M-AA1 N-R-IH1 L-IY0


with regards to the state.

W-IH1 DH-R-IH0 G-AA1-R-D-Z T-UW1 DH-AH0-S T-EY1-T


bloomberg wanted to do in new york.

B-L-UW1-M B-ER0 G-W-AA1-N T-AH0-D T-UW1 D-UW1 IH0-N N-UW1 Y-AO1-R-K


no. i'm not okay with that. well, and-

N-OW1 IH1-M N-AA1 T-OW2 K-EY1 W-IH1-DH DH-AE1 T-W-EH1 L-AH0-N-D


i mean it's ... it's all right.

AY1 M-IY1 N-IH1-T S-IH1-T S-AO1-L R-AY1-T


wants to do it, then the government shouldn't try to get in their way.

W-AA1-N-T-S T-UW1 D-UW1 IH1-T DH-EH1-N DH-AH0 G-AH1 V-ER0 M-AH0-N-T SH-OW1-L T-AH0-N-T T-R-AY1 T-UW1 G-EH1 T-IH0-N DH-EH1 R-W-EY1


just advertisement, because we usually have one ad for liberty.me.

JH-AH1-S T-AH0-D V-ER1 T-AH0 Z-M-AH0-N-T B-IH0 K-AO1 Z-W-IY1 Y-UW1 ZH-AH0 W-AH0 L-IY0 HH-AE1 V-W-AH1 N-AE1-D F-AO1-R L-AY1 B-ER0 T-AY2-M


that's it. you just say, "i want a shirt."

TH-AE1-T S-IH1 T-Y-UW1 JH-AH1-S-T S-EY1 AY1 W-AA1-N T-AH0 SH-ER1-T


and that's kind of like why i put the ...

AH0-N-D TH-AE1-T-S K-AY1-N D-AH1 V-L-AY1 K-W-AY1 AY1 P-UH1-T DH-AH0


second of three, in most cases.

S-EH1 K-AH0-N D-AH1-V TH-R-IY1 IH0-N M-OW1-S-T K-EY1 S-AH0-Z


well, i mean the koozies are nice. i live-

W-EH1 L-AY1 M-IY1-N DH-AH0 K-UW1 Z-IY0 Z-AA1-R N-AY1 S-AY1 L-AY1-V


yeah. dogs love these things. so you're looking to ... great chew toys. if you're looking for a dog toy-

Y-AE1 D-AA1-G Z-L-AH1-V DH-IY1-Z TH-IH1-NG-Z S-OW1 Y-UH1-R L-UH1 K-IH0-NG T-UW1 G-R-EY1-T CH-UW1 T-OY1 Z-IH1 F-Y-UH1-R L-UH1 K-IH0-NG F-AO1 R-AH0 D-AO1-G T-OY1


it was ...oh, ham on rye.yep. signed by me and you.a bottle opener.

IH1 T-W-AA1 Z-OW1 HH-AE1 M-AA1 N-R-AY1 AH0 P-IY0 S-AY1-N-D B-AY1 M-IY1 AH0-N D-Y-UW1 AH0 B-AA1 T-AH0 L-OW1 P-AH0 N-ER0


was that it? was it just those four?i think. they're-

W-AA1-Z DH-AE1 T-IH1 T-W-AA1 Z-IH1-T JH-AH1-S-T DH-OW1-Z F-AO1 R-IY0 TH-IH1-NG-K TH-EH1-R


... still waiting.do you have that-

S-T-IH1 L-W-EY1 T-IH0-N G-OW2 Y-UW1 HH-AE1-V DH-AE1-T


the basement is warmer than this room.isn't that something?

DH-AH0 B-EY1 S-M-AH0-N T-IH1 Z-W-AO1-R M-ER0 DH-AE1-N DH-IH1 S-R-UW1-M S-AH0-N-T DH-AE1-T S-AH1-M TH-IH0-NG


it's a little chilly, yeah.you have a scarf on.that's how cold it is.

IH1-T S-AH0 L-IH1 T-AH0-L CH-IH1 L-IY0 Y-IY1 Y-UW0 Y-UW0 HH-AE1 V-AH0-S K-AA1-R F-AH1-N TH-AH0-T-S HH-AW1 K-OW1-L D-IH1 T-IH1-Z


you can't see my ... i can't see my breath. we're good.

Y-UW1 K-AE1-N-T S-IY1 M-AY1 AY1 K-AE1-N-T S-IY1 M-AY1 B-R-EH1 TH-W-ER0 G-UH1-D


wisconsin? what are you complaining about? where?

W-IH0-S K-AA1-N S-AH0 N-W-AH1 T-AA1 R-Y-UW1 K-AH0-M P-L-EY1 N-IH0 NG-AH0 B-AW1 T-W-EH1-R


i thought it was because i moved to florida for a few years, but-

AY1 TH-AO1 T-IH1 T-W-AA1-Z B-IH0 K-AO1 Z-AY1 M-UW1-V-D T-UW1 F-L-AO1 R-AH0 D-AH0 F-AO1 R-AH0 F-Y-UW1 Y-IH1-R-Z B-AH1-T


it's going to be cold.

IH1-T-S G-OW1 IH0-NG T-UW1 B-IY1 K-OW1-L-D


so the economy. we might as well talk about that.

S-OW1 DH-AH0 IH0 K-AA1 N-AH0 M-IY0 W-IY1 M-AY1 T-AE1 Z-W-EH1-L T-AO1 K-AH0 B-AW1-T DH-AE1-T


as january goes, so goes the year. and as the first week of january goes, so goes january.

AE1-Z JH-AE1 N-Y-UW0 EH2 R-IY0 G-OW1-Z S-OW1 G-OW1-Z DH-AH0 Y-IH1 R-AH0-N D-AE1-Z DH-AH0 F-ER1-S T-W-IY1 K-AH1-V JH-AE1 N-Y-UW0 EH2 R-IY0 G-OW1-Z S-OW1 G-OW1-Z JH-AE1 N-Y-UW0 EH2 R-IY0


now many of our listeners probably don't pay much attention to the stock market.

N-AW1 M-EH1 N-IY0 AH1 V-AW1 ER0 L-IH1 S-AH0 N-ER0-Z P-R-AA1 B-AH0 B-L-IY0 D-AA1-N-T P-EY1 M-AH1 CH-AH0 T-EH1-N SH-AH0-N T-UW1 DH-AH0-S T-AA1 K-M-AA1-R K-AH0-T


is there something, and i'm like, oh well, i'll just ride out the waves.

IH1-Z DH-EH1-R S-AH1-M TH-IH0 NG-AH0-N D-IH1 M-L-AY1 K-OW1 W-EH1 L-IH1-L JH-AH1-S T-R-AY1 D-AW1-T DH-AH0 W-EY1-V-Z


... seen ever.ever.well, in the last five years.

S-IY1 N-EH1 V-ER0 R-IY2 V-AH0 L-IH0-N DH-AH0 L-AE1-S-T F-AY1 V-Y-IH1-R-Z


those gains lasted a day and then they went back down.

DH-OW1-Z G-EY1-N Z-L-AE1-S T-AH0 D-AH0 D-EY1 AH0-N-D DH-EH1-N DH-EY1 W-EH1-N-T B-AE1-K D-AW1-N


and now it's around 20 to 65.

AH0-N D-N-AW1 IH1-T S-ER0 AW1-N-D T-W-EH1-N T-IY0 T-UW1 S-IH1-K-S T-IY0 F-AY1-V


but those gains didn't last. those weren't ...

B-AH1-T DH-OW1-Z G-EY1-N-Z D-IH1 D-AH0-N T-L-AE1-S-T DH-OW1 Z-W-EH1 R-AH0-N-T


and if you look at the averages ...

AH0-N D-IH1 F-Y-UW1 L-UH1 K-AE1-T DH-AH0 AE1 V-R-IH0 JH-IH0-Z


well, once again, we might just have fewer people looking for jobs.

W-EH1 L-W-AH1-N S-AH0 G-EH1 N-W-IY1 M-AY1-T JH-AH1-S-T HH-AE1-V F-Y-UW1 ER0 P-IY1 P-AH0-L L-UH1 K-IH0-NG F-AO1-R JH-AA1-B-Z


and a lot of people are hired for seasonal work.

AH0-N D-AH0 L-AA1 T-AH1-V P-IY1 P-AH0 L-AA1-R HH-AY1 ER0-D F-AO1-R S-IY1 Z-AH0 N-AH0 L-W-ER1-K


above the minimum wage, by the way.

AH0 B-AH1-V DH-AH0 M-IH1 N-AH0 M-AH0 M-W-EY1-JH B-AY1 DH-AH0 W-EY1


people are going to start to be laid off.

P-IY1 P-AH0 L-AA1-R G-OW1 IH0-NG T-UW1-S T-AA1-R-T T-UW1 B-IY1 L-EY1 D-AO1-F


and that's the jobs report during the christmas season, when companies are expecting to sell a lot of stuff.

AH0-N-D TH-AE1-T-S DH-AH0 JH-AA1-B Z-R-IY0 P-AO1-R-T D-UH1 R-IH0-NG DH-AH0 K-R-IH1 S-M-AH0-S S-IY1 Z-AH0 N-W-EH1-N K-AH1-M P-AH0 N-IY0 Z-AA1 R-IH0-K-S P-EH1-K T-IH0-NG T-UW1 S-EH1 L-AH0 L-AA1 T-AH1-V-S T-AH1-F


they list off everything. you know, whether it's caterpillar that laid off some people, or-

DH-EY1 L-IH1-S T-AO1 F-EH1 V-R-IY0 TH-IH2 NG-Y-UW1 N-OW1 W-EH1 DH-ER0 IH1-T-S K-AE1 T-AH0 P-IH2 L-ER0 DH-AE1 T-L-EY1 D-AO1-F S-AH1-M P-IY1 P-AH0 L-AO1-R


... year business cycle, where we have a few years of growth, and then in about seven years we go into recession. and then we have a few years of growth.

Y-IH1-R B-IH1 Z-N-AH0-S S-AY1 K-AH0 L-W-EH1 R-W-IY1 HH-AE1 V-AH0 F-Y-UW1 Y-IH1-R Z-AH1-V G-R-OW1 TH-AH0-N-D DH-EH1 N-IH0 N-AH0 B-AW1-T S-EH1 V-AH0 N-Y-IH1-R Z-W-IY1 G-OW1 IH0-N T-UW1 R-IH0 S-EH1 SH-AH0 N-AH0-N-D DH-EH1 N-W-IY1 HH-AE1 V-AH0 F-Y-UW1 Y-IH1-R Z-AH1-V G-R-OW1-TH


so i just found that to be a little interesting.

S-OW1 AY1 JH-AH1-S-T F-AW1-N-D DH-AE1-T T-UW1 B-IY1 AH0 L-IH1 T-AH0 L-IH1-N T-R-AH0-S T-IH0-NG


the blue-chip barometer.

DH-AH0 B-L-UW1 CH-IH2-P B-ER0 AA1 M-IH0 T-ER0


the massive sell-off this week adds up to paper losses of roughly ... listen to this. 1.5-

DH-AH0 M-AE1 S-IH0-V S-EH1 L-AO2-F DH-IH1 S-W-IY1 K-AE1-D Z-AH1-P T-UW1 P-EY1 P-ER0 L-AO1 S-AH0 Z-AH1 V-R-AH1 F-L-IY0 L-IH1 S-AH0-N T-UW1 DH-IH1 S-W-AH1-N P-OY1-N-T F-AY1-V


they'll make it up. they'll make it up.oh, sure.they're smart guys.

TH-EY1-L M-EY1 K-IH1 T-AH1-P TH-EY1-L M-EY1 K-IH1 T-UW1 P-OW0 S-ER1 DH-IH0 SH-ER0 S-M-AA1-R-T G-AY1-Z


this standard & poor's 500, s&p 500.

DH-IH1-S-S T-AE1-N D-ER0 D-AH0-N-D P-UH1-R-Z F-AY1-V HH-AH1-N D-R-AH0-D-S P-IY1 F-AY1-V HH-AH1-N D-R-AH0-D


that tumbled 1.08%.

DH-AE1-T T-AH1-M B-AH0-L D-W-AH1-N P-OY1-N T-OW1 EY1-T P-ER0 S-EH1-N-T


this bout of weakness should spill over at least into next week before even a trading low is seen.

DH-IH1-S B-AW1 T-AH1 V-W-IY1 K-N-AH0-S SH-UH1-D-S P-IH1 L-OW1 V-ER0 AE1 T-L-IY1-S T-IH0-N T-UW1 N-EH1-K-S T-W-IY1-K B-IH0 F-AO1 R-IY1 V-IH0 N-AH0 T-R-EY1 D-IH0 NG-L-OW1 IH1-Z S-IY1-N


think of it as a repricing of risk.

TH-IH1-NG K-AH1 V-IH1 T-AE1 Z-AH0 R-IY0 P-R-AY1 S-IH0 NG-AH1 V-R-IH1-S-K


i'm not saying you could do this-my bedroom isn't this cold.

IH1-M N-AA1-T S-EY1 IH0 NG-Y-UW1 K-UH1-D D-UW1 TH-IH1 Z-M-IY0 B-EH1 D-R-UW2 M-IH1 S-AH0-N-T DH-IH1-S K-OW1-L-D


whatever.


and newsflash from the december jobs report. the us economy is dead in the water.

AH0-N D-N-UW1-S F-L-AE0-SH F-R-AH1-M DH-AH0 D-IH0 S-EH1-M B-ER0 JH-AA1-B Z-R-IY0 P-AO1-R-T DH-AH0 AH1 S-IH0 K-AA1 N-AH0 M-IY0 IH1-Z D-EH1 D-IH0-N DH-AH0 W-AO1 T-ER0


here is a news flash that cnbc didn't mention. according to the bureau of labor statistics-

HH-IY1 R-IH1 Z-AH0 N-UW1-Z F-L-AE1-SH DH-AE1-T S-IY1 EH1 B-IY1 S-IY1 D-IH1 D-AH0-N T-M-EH1-N SH-AH0 N-AH0 K-AO1-R D-IH0-NG T-UW1 DH-AH0 B-Y-UH1 R-OW0 AH1 V-L-EY1 B-ER0-S T-AH0 T-IH1-S T-IH0-K-S


huh. good number.right, right.

HH-AH1 G-UH1 D-N-AH1-M B-R-AY2 T-R-AY1-T


get holiday vacations.

G-EH1-T HH-AA1 L-AH0 D-EY2 V-EY0 K-EY1 SH-AH0-N-Z


and for good reason that both commercial and residential stock is vastly overbuilt.

AH0-N-D F-AO1-R G-UH1 D-R-IY1 Z-AH0-N DH-AE1-T B-OW1-TH K-AH0 M-ER1 SH-AH0 L-AH0-N D-R-EH2 Z-IH0 D-EH1-N CH-AH0-L-S T-AA1 K-IH1-Z V-AE1-S T-L-IY0 OW1 V-ER0 B-IH1-L-T


... dubious incoming data that the fed-

D-UW1 B-IY0 AH0 S-IH1-N K-AH2 M-IH0-NG D-EY1 T-AH0 DH-AE1-T DH-AH0 F-EH1-D


here is a better take on the matter.

HH-IY1 R-IH1 Z-AH0 B-EH1 T-ER0 T-EY1 K-AA1-N DH-AH0 M-AE1 T-ER0


if you take out their assumptions ...

IH1 F-Y-UW1 T-EY1 K-AW1-T DH-EH1 R-AH0 S-AH1-M-P SH-AH0-N-Z


we're not sustaining with that number.

W-ER0 N-AA1-T S-AH0-S T-EY1 N-IH0 NG-W-IH1-DH DH-AE1 T-N-AH1-M B-ER0


you remember those guys?yeah. they're fun people.

Y-UW1 R-IH0 M-EH1-M B-ER0 DH-OW1-Z G-AH0 S-IY1 AH0 TH-EH1-R F-AH1-N P-IY1 P-AH0-L


nevertheless, analysts said the tests show that north korea's nuclear program is evolving, a decidedly unwelcome prospect for washington's ally.

N-EH2 V-ER0 DH-AH0 L-EH1 S-AE1 N-AH0 L-AH0-S-T-S S-EH1-D DH-AH0 T-EH1-S-T-S SH-OW1 DH-AE1 T-N-AO1-R-TH K-AO1 R-IY0 AH0 Z-N-UW1 K-L-IY0 ER0 P-R-OW1 G-R-AE2 M-IH1 Z-IH0 V-AA1-L V-IH0 NG-AH0 D-IH0 S-AY1 D-AH0 D-L-IY0 AH0 N-W-EH1-L K-AH0-M P-R-AA1-S P-EH0-K-T F-AO1 R-W-AA1 SH-IH0-NG T-AH0-N Z-AE1 L-AY0


mike burbee, who has been on the podcast before.i know that guy.

M-AY1-K B-ER0 B-IY1 HH-UW1 HH-AE1-Z B-IH1 N-AA1-N DH-AH0 P-OW1-D K-AE2-S-T B-EH0 F-AO1 R-IY0 N-OW1 DH-AE1-T G-AY1


i think so.he's running a little late.

AY1 TH-IH1-NG-K S-OW1-HH S-R-AH1 N-IH0 NG-AH0 L-IH1 T-AH0-L L-EY1-T


five miles south of the-


inter-korean border around midday, local time.

IH2-N T-ER0 K-AO1 R-IY0 AH0-N B-AO1-R D-ER0 ER0 AW1-N D-M-IH1-D D-EY2 L-OW1 K-AH0-L T-AY1-M


hey kim.kimmy.your name is kim. kimberly jung-un-

HH-EY1 K-IH1-M K-IH2 P-M-ER0 IY0 N-EY1 M-IH1-Z K-IH1-M K-IH1-M B-ER0 L-IY0 JH-AH1-NG G-AH0-N


... by the us against them, and also against china, was secretary of state john kerry.

B-AY1 DH-AH0 AH1 S-AH0 G-EH1-N-S-T DH-EH1 M-AH0-N D-AO1-L S-OW0 AH0 G-EH1-N-S-T CH-AY1 N-AH0 W-AA1-Z S-EH1 K-R-AH0 T-EH2 R-IY0 AH1-V-S T-EY1-T JH-AA1-N K-EH1 R-IY0


bomb china. fucking crazy.so let's keep north korea good enough that people aren't flooding into our country trying to escape them.

B-AA1-M CH-AY1 N-AH0 F-AH1 K-IH0-NG K-R-EY1 Z-IY0 OW0 S-L-EH1-T-S K-IY1 P-N-AO1-R-TH K-AO0 R-IY1 AH0 G-UH1 D-IH0 N-AH1-F DH-AE1-T P-IY1 P-AH0 L-AA1 R-AH0-N-T F-L-AH1 D-IH0 NG-IH0-N T-UW1 AW1 ER0 K-AH1-N T-R-IY0 T-R-AY1 IH0-NG T-UW1 IH0-S K-EY1-P DH-EH1-M


i mean, we're kind of at peace with them right now. we're not at war.

AY1 M-IY1 N-W-ER0 K-AY1-N D-AH1 V-AE1-T P-IY1 S-W-IH1-DH DH-EH1 M-R-AY1 T-N-AW1 W-ER0 N-AA1 T-AE1 T-W-AO1-R


i'll give them that. they're fucking weirdos. little crazy.yeah, sure.

IH1-L G-IH1-V DH-EH1-M DH-AE1-T TH-EH1-R F-AH1 K-IH0 NG-W-IH1-R D-OW0 Z-L-IH1 T-AH0-L K-R-AH0 Z-IY1 AH0 W-IY0 SH-UH1-R


testing nukes when we said don't test nukes.

T-EH1-S T-IH0-NG N-UW1-K S-W-EH1 N-W-IY1 S-EH1-D D-AA1-N-T T-EH1-S T-N-UW1-K-S


again. i talk about that a lot.

AH0 G-EH1 N-AY1 T-AO1 K-AH0 B-AW1-T DH-AE1 T-AH0 L-AA1-T


that's kind of the way china sees it right now. they say-

TH-AE1-T-S K-AY1-N D-AH1-V DH-AH0 W-EY1 CH-AY1 N-AH0 S-IY1 Z-IH1 T-R-AY1 T-N-AW1 DH-EY1 S-EY1


no.that makes us look bad, because we're your pals.

N-AA1 TH-AH0 T-M-EY1-K S-AH1 S-L-UH1-K B-AE1-D B-IH0 K-AO1 Z-W-ER0 Y-AO1-R P-AE1-L-Z


... i was listening to.was it bad? was it a bad podcast?well ...

AY1 W-AA1 Z-L-IH1 S-AH0 N-IH0-NG T-OW1 AH0 S-IH1-T B-AE1 D-W-AA1 Z-IH1 T-AH0 B-AE1-D P-AA1-D K-AE1-T S-AH0-L


monotone?well-


... laughter, or else it's going to be completely irrel-

L-AE1-F T-ER0 AO1 R-EH1-L S-IH1-T-S G-OW1 IH0-NG T-UW1 B-IY1 K-AH0-M P-L-IY1 T-L-IY0 IH1 R-AH0-L


that's the goal, at least. and then also be a little bit more well-informed about some of the random news stories that we talk about.

TH-AE1-T-S DH-AH0 G-OW1 L-AE1 T-L-IY1-S T-AH0-N-D DH-EH1 N-AO1-L S-OW0 B-IY1 AH0 L-IH1 T-AH0-L B-IH1 T-M-AO1 R-W-EH1 L-IH0-N F-AO1-R-M D-AH0 B-AW1-T S-AH1 M-AH1-V DH-AH0 R-AE1-N D-AH0-M N-UW1-Z-S T-AO1 R-IY0-Z DH-AE1 T-W-IY1 T-AO1 K-AH0 B-AW1-T


our experiences throughout our hundred episodes of recording.

AW1 ER0 IH0-K-S P-IH1 R-IY0 AH0-N S-IH0-Z TH-R-UW0 AW1 T-AW1 ER0 HH-AH1-N D-R-AH0 D-EH1 P-AH0 S-OW2-D Z-AH1 V-R-AH0 K-AO1-R D-IH0-NG


... [inaudible 00:06:43]. you take everything. you take the news and philosophy.

IH0 N-AO1 D-AH0 B-AH0-L Z-IH1 R-OW0 AW1 ER0-Z S-IH1-K S-M-IH1 N-AH0-T S-AH0-N-D F-AO1-R T-IY0 TH-R-IY1 S-EH1 K-AH0-N-D Z-Y-UW1 T-EY1 K-EH1 V-R-IY0 TH-IH2 NG-Y-UW1 T-EY1-K DH-AH0 N-UW1 Z-AH0-N-D F-AH0 L-AA1 S-AH0 F-IY0


you know what, i've ... for all the libertarians.

Y-UW1 N-OW1 W-AH1 T-AY1-V F-AO1 R-AO1-L DH-AH0 L-IH2 B-ER0 T-EH1 R-IY0 AH0-N-Z


i get it. i get the non-aggression principle. okay.

AY1 G-EH1 T-IH1 T-AY1 G-EH1-T DH-AH0 N-AA2 N-AH0 G-R-EH1 SH-AH0-N P-R-IH1-N S-AH0 P-AH0 L-OW2 K-EY1


keep it in your pants.yeah.

K-IY1 P-IH1 T-IH0 N-Y-AO1-R P-AE1-N T-IY0 S-IY0


there's actually little battles between ... i guess there was like 10.

T-IY1 HH-IY1 R-IH1 Z-AE1-K CH-AH0 W-AH0 L-IY0 L-IH1 T-AH0-L B-AE1 T-AH0-L-Z B-IH0 T-W-IY1 N-AY1 G-EH1-S DH-EH1 R-W-AA1 Z-L-AY1-K T-EH1-N


it's just like, oh.


you're doing fucking awful. so that's why i just ...

Y-UH1-R D-UW1 IH0-NG F-AH1 K-IH0 NG-AA1 F-AH0-L S-OW1 TH-AE1-T S-W-AY1 AY1 JH-AH1-S-T


it never works out. people die. if we elect gary johnson, people-

IH1 T-N-EH1 V-ER0 W-ER1-K S-AW1-T P-IY1 P-AH0-L D-AY1 IH1 F-W-IY1 IH0 L-EH1-K-T G-EH1 R-IY0 JH-AA1-N S-AH0-N P-IY1 P-AH0-L


that's why all the major news networks are against having a third party debate.

TH-AE1-T S-W-AY1 AO1-L DH-AH0 M-EY1 JH-ER0 N-UW1 Z-N-EH1 T-W-ER2-K S-AA1 R-AH0 G-EH1-N-S-T HH-AE1 V-IH0 NG-AH0 TH-ER1-D P-AA1-R T-IY0 D-AH0 B-EY1-T


unless ... this isn't comedy central you're trying to advertise.[crosstalk 00:07:47] a pterodactyl.

AH0 N-L-EH1-S DH-IH1 S-IH1 S-AH0-N-T K-AA1 M-AH0 D-IY0 S-EH1-N T-R-AH0 L-Y-UW1 AA1-R T-R-AY1 IH0-NG T-UW1 AE2-D V-ER0 T-AH0-S K-AA1 R-IH0 K-AH0 B-AH0-L-Z Z-IH1 R-OW0 AW1 ER0-Z S-EH1 V-AH0-N M-IH1 N-AH0-T S-AH0-N-D F-AO1-R T-IY0 S-EH1 V-AH0-N S-EH1 K-AH0-N-D Z-AH0 T-EH2 R-AH0 D-AA1-K T-IH0-K


maybe they should have a debate on ... what's that fucking-

M-EY1 B-IY0 DH-EY1 SH-UH1-D HH-AE1 V-AH0 D-AH0 B-EY1 T-AA1 N-W-AH0-T-S DH-AE1-T F-AH1 K-IH0-NG


government programming.are you talking about pbs? are you talking about c-span, or what?

G-AH1 V-ER0 M-AH0-N-T P-R-OW0 G-AE2 M-ER0 G-IH1 N-Y-UW1 T-AO1 K-IH0 NG-AH0 B-AW1-T P-IY1 EH1 S-IY1 AA1 R-Y-UW1 T-AO1 K-IH0 NG-AH0 B-AW1-T S-IY1-S P-AE1 N-AO1 R-W-AH1-T


democratic presidential front runner, hillary clinton.

D-EH2 M-AH0 K-R-AE1 T-IH0-K P-R-EH2 Z-AH0 D-EH1-N CH-AH0-L F-R-AH1-N T-R-AH1 N-ER0 HH-IH1 L-ER0 IY0 K-L-IH1-N T-AH0-N


in 2005, doubling down on her efforts in recent days to cast her vote against the law is a significant difference between the two candidates.

IH0-N T-UW1 TH-AW1 Z-AH0-N-D F-AY1-V D-AH1 B-AH0 L-IH0-NG D-AW1 N-AA1-N HH-ER0 EH1 F-ER0-T S-IH0 N-R-IY1 S-AH0-N-T D-EY1-Z T-UW1 K-AE1-S-T HH-ER0 V-OW1 T-AH0 G-EH1-N-S-T DH-AH0 L-AO1 IH1 Z-AH0 S-AH0 G-N-IH1 F-IH0 K-AH0-N-T D-IH1 F-ER0 AH0-N-S B-IH0 T-W-IY1-N DH-AH0 T-UW1 K-AE1-N D-AH0 D-EY0-T-S


the law shields gun manufacturers from certain lawsuits, including-

DH-AH0 L-AO1 SH-IY1-L-D-Z G-AH1-N M-AE2 N-Y-AH0 F-AE1-K CH-ER0 ER0-Z F-R-AH1-M S-ER1 T-AH0 N-L-AO1 S-UW2-T S-IH0-N K-L-UW1 D-IH0-NG


... for negligence in certain types of claims relating to the gun's design.

F-AO1-R N-EH1 G-L-AH0 JH-AH0-N S-IH0-N S-ER1 T-AH0-N T-AY1-P S-AH1-V K-L-EY1-M Z-R-IH0 L-EY1 T-IH0-NG T-UW1 DH-AH0 G-AH1-N-Z D-IH0 Z-AY1-N


they say it's unique to gun manufacturers, and that-

DH-EY1 S-EY1 IH1-T S-Y-UW0 N-IY1-K T-UW1 G-AH1-N M-AE2 N-Y-AH0 F-AE1-K CH-ER0 ER0 Z-AH0-N-D DH-AE1-T


two year-old, let's call it. it's not my fault.what about the biggest hazard with legos?

T-UW1 Y-IH1 R-OW0-L D-L-EH1-T-S K-AO1 L-IH1 T-IH1-T S-N-AA1 T-M-AY1 F-AO1-L T-W-AA2 T-AH0 B-AW1-T DH-AH0 B-IH1 G-AH0-S-T HH-AE1 Z-ER0 D-W-IH1 DH-L-EY1 G-OW0-S


the moments when you accidentally step on a lego.

DH-AH0 M-OW1 M-AH0-N-T S-W-EH1 N-Y-UW1 AE2-K S-AH0 D-EH1-N T-AH0 L-IY0-S T-EH1 P-AA1 N-AH0 L-EH1 G-OW0


that's life threatening, right there.

TH-AE1-T S-L-AY1-F TH-R-EH1 T-AH0 N-IH0 NG-R-AY1-T DH-EH1-R


i've heard that giving birth is pretty pain-

AY1-V HH-ER1-D DH-AE1-T G-IH1 V-IH0-NG B-ER1 TH-IH1-Z P-R-IH1 T-IY0 P-EY1-N


giving birth isn't so bad.

G-IH1 V-IH0-NG B-ER1 TH-IH1 S-AH0-N-T S-OW1 B-AE1-D


but why should a gun man-

B-AH1 T-W-AY1 SH-UH1 D-AH0 G-AH1-N M-AE1-N


... dealer. the same thing with every other major company out there.

D-IY1 L-ER0 DH-AH0 S-EY1-M TH-IH1 NG-W-IH1 DH-EH1 V-ER0 IY0 AH1 DH-ER0 M-EY1 JH-ER0 K-AH1-M P-AH0 N-IY0 AW1-T DH-EH1-R


before you even open it, usually they'll-

B-IH0 F-AO1 R-Y-UW1 IY1 V-IH0 N-OW1 P-AH0 N-IH1 T-Y-UW1 ZH-AH0 W-AH0 L-IY0 TH-EY1-L


... give you a little spiel when buy it.

G-IH1 V-Y-UW1 AH0 L-IH1 T-AH0-L-S P-IY1 L-W-EH1-N B-AY1 IH1-T


another safety manual on the inside.

AH0 N-AH1 DH-ER0 S-EY1-F T-IY0 M-AE1 N-Y-UW0 AH0 L-AA1-N DH-AH0 IH0-N S-AY1-D


yeah. bernie sanders is sticking up for gun manufacturers.

Y-AE1 B-ER1 N-IY0 S-AE1-N D-ER0 Z-IH1-Z-S T-IH1 K-IH0 NG-AH1-P F-AO1-R G-AH1-N M-AE2 N-Y-AH0 F-AE1-K CH-ER0 ER0-Z


dump truck driver goes on two hour rampage.

D-AH1-M-P T-R-AH1-K D-R-AY1 V-ER0 G-OW1 Z-AA1-N T-UW1 AW1 ER0 R-AE1-M P-EY2-JH


vehicle. nice. that's bad ass. a drug fueled.

V-IY1 HH-IH0 K-AH0-L N-AY1-S TH-AE1-T-S B-AE1 D-AE1 S-AH0 D-R-AH1-G F-Y-UW1 AH0-L-D


after going berserk in his huge 30 ton vehicle.

AE1-F T-ER0 G-OW1 IH0-NG B-ER0 S-ER1 K-IH0-N HH-IH1-Z HH-Y-UW1-JH TH-ER1 D-IY0 T-AH1-N V-IY1 HH-IH0 K-AH0-L


pedestrianized square, before coming to a halt near his home.

P-AH0 D-EH1-S T-R-IY0 AH0 Z-IY2-N-D-S K-W-EH1-R B-IH0 F-AO1-R K-AH1 M-IH0-NG T-UW1 AH0 HH-AO1-L T-N-IH1-R HH-IH1-Z HH-OW1-M


trying to cool off.he admitted being under the influence of drugs at the time when police finally stopped and arrested him.idiot.

T-R-AY1 IH0-NG T-UW1 K-UW1 L-AO1 F-AH0 D-M-IH1 T-AH0-D B-IY1 IH0 NG-AH1-N D-ER0 DH-AH0 IH1-N F-L-UW0 AH0-N S-AH1-V D-R-AH1-G Z-AE1-T DH-AH0 T-AY1 M-W-EH1-N P-AH0 L-IY1-S F-AY1 N-AH0 L-IY0-S T-AA1-P T-AH0-N D-ER0 EH1-S T-AH0-D HH-IH2 M-IH0 D-IY0 AA1 T-AH0-D


yeah, don't tell them that.

Y-AE1 D-AA1-N-T T-EH1-L DH-EH1-M DH-AE1-T


you know, whatever. good. sure.

Y-UW1 N-OW1 W-AH2 T-EH1 V-ER0 G-UH1-D SH-UH1-R


is that what-i mean, how tall is marco?

IH1-Z DH-AE1 T-W-AA1 T-IY0 M-IY1-N HH-AW1 T-AO1 L-IH1 Z-M-AA1-R K-OW0


but why does he wear those?

B-AH1 T-W-AY1 D-AH1-Z HH-IY1 W-EH1-R DH-OW1-Z


i want to know that.i do too.

AY1 W-AA1-N-T T-UW1 N-OW1 TH-AE1 T-IY0 D-UW1 T-UW1


express it?maybe. well, you know another thing i want to ask marco rubio is why he stands with the 2004 bill.

IH0-K-S P-R-EH1 S-IH1 T-M-AH0 B-W-EH1 L-Y-UW1 N-OW1 AH0 N-AH1 DH-ER0 TH-IH1 NG-AY1 W-AA1-N-T T-UW1 AE1-S K-M-AA1-R K-OW0 R-UW1 B-IY0 OW0 IH1 Z-W-AY1 HH-IY1-S T-AE1-N-D Z-W-IH1-DH DH-AH0 T-UW1 TH-AW1 Z-AH0-N-D F-AO1-R B-IH1-L


from huffpo, senator marco rubio is standing by-

F-R-AH1-M HH-AH1-F P-OW0 S-EH1 N-AH0 T-ER0 M-AA1-R K-OW0 R-UW1 B-IY0 OW0 IH1-Z-S T-AE1-N D-IH0-NG B-AY1


the 2004 law, rubio told abc's this week on sunday was specifically tailored to allow-

DH-AH0 T-UW1 TH-AW1 Z-AH0-N-D F-AO1-R L-AO1 R-UW1 B-IY0 OW0 T-OW1-L D-AE1-B-K-S DH-IH1 S-W-IY1 K-AA1-N S-AH1-N D-EY2 W-AA1-Z-S P-AH0 S-IH1 F-IH0 K-L-IY0 T-EY1 L-ER0-D T-UW1 AH0 L-AW1


didn't even speak another language except english.

D-IH1 D-AH0-N T-IY1 V-IH0-N-S P-IY1 K-AH0 N-AH1 DH-ER0 L-AE1-NG G-W-AH0 JH-IH0-K S-EH1-P T-IH1-NG G-L-IH0-SH


okay, maybe i won't vote for him.

OW2 K-EY1 M-EY1 B-IY0 AY1 W-OW1-N-T V-OW1-T F-AO1-R HH-IH1-M


women's shoes, i just-i think he's got a cute face.

W-IH1 M-AH0-N-Z SH-UW1 Z-AY1 JH-UW1-S T-IY0 TH-IH1-NG-K HH-IY1-Z G-AA1 T-AH0 K-Y-UW1-T F-EY1-S


by subsidizing college tuition, you drive up the price. if you subsidize-

B-AY1 S-AH1-B S-IH0 D-AY2 Z-IH0-NG K-AA1 L-IH0-JH T-Y-UW0 IH1 SH-AH0 N-Y-UW1 D-R-AY1 V-AH1-P DH-AH0 P-R-AY1 S-IH1 F-Y-UW1 S-AH1-B S-IH0 D-AY2-Z


something without increasing its price.

S-AH1-M TH-IH0 NG-W-IH0 TH-AW1 T-IH0-N K-R-IY1 S-IH0 NG-IH1-T-S P-R-AY1-S


let the market work. marco rubio does not believe-

L-EH1-T DH-AH0 M-AA1-R K-AH0 T-W-ER1 K-M-AA1-R K-OW0 R-UW1 B-IY0 OW0 D-AH1 Z-N-AA1-T B-IH0 L-IY1-V


and the fact that we're going to start providing, not-

AH0-N-D DH-AH0 F-AE1-K-T DH-AE1 T-W-ER0 G-OW1 IH0-NG T-UW1-S T-AA1-R-T P-R-AH0 V-AY1 D-IH0-NG N-AA1-T


but then we'll also provide it to-

B-AH1-T DH-EH1 N-W-EH1 L-AO1-L S-OW0 P-R-AH0 V-AY1 D-IH1-T T-UW1


we shouldn't be providing this to anyone, let alone illegal immigrants.well they were brought here by their parents, when they were five.

W-IY1 SH-OW1-L T-AH0-N-T B-IY1 P-R-AH0 V-AY1 D-IH0-NG DH-IH1-S T-UW1 EH1 N-IY0 W-AH2 N-L-EH1 T-AH0 L-OW1 N-IH0 L-IY1 G-AH0 L-IH2 M-AH0 G-R-AH0-N T-IY1-L-Z DH-EY1 W-ER0 B-R-AO1-T HH-IY1-R B-AY1 DH-EH1-R P-EH1 R-AH0-N-T S-W-EH1-N DH-EY1 W-ER0 F-AY1-V


i don't care, marco. learn economics.

AY1 D-AA1-N-T K-EH1-R M-AA1-R K-OW0 L-ER1 N-EH2 K-AH0 N-AA1 M-IH0-K-S


he's kind of the perfect politician.i think he's trying to be.he's from an immigrant family, he under-

HH-IY1-Z K-AY1-N D-AH1-V DH-AH0 P-ER1 F-IH2-K-T P-AA2 L-AH0 T-AH0 Z-IH1 N-IY0 TH-IH1-NG-K HH-IY1-Z T-R-AY1 IH0-NG T-UW1 B-IY1 HH-IH0-S F-R-AH1 M-AE1 N-IH1 M-AH0 G-R-AH0-N-T F-AE1 M-AH0 L-IY0 HH-IY1 AH1-N D-ER0


i like that.but he doesn't, he understands their situation, but-

AY1 L-AY1-K TH-AE1-T B-AH2-T HH-IY1 D-OW1 S-AH0-N-T HH-IY1 AH2-N D-ER0-S T-AE1-N-D-Z DH-EH1-R S-IH2 CH-UW0 EY1 SH-AH0-N B-AH1-T


but he doesn't understand economics.

B-AH1-T HH-IY1 D-OW1 S-AH0-N T-AH2-N D-ER0-S T-AE1-N D-EH2 K-AH0 N-AA1 M-IH0-K-S


get it. that's why i can't support marco.

G-EH1 T-IH1-T TH-AE1-T S-W-AY1 AY1 K-AE1-N-T S-AH0 P-AO1-R T-M-AA1-R K-OW0


i knew it, marco rubio's butt.

AY1 N-UW1 IH1 T-M-AA1-R K-OW0 R-UW1 B-IY0 OW0-Z B-AH1-T


wow.his boots came up.


castles.i love inflatable bouncy castles.bouncy castles.

K-AA0-S T-L-IY1 S-IY0 L-AH1 V-IH0-N F-L-EY1 T-AH0 B-AH0-L B-AW1-N S-IY0 K-AE1 S-AH0-L-S-T B-AO2-N S-IY0 K-AE1 S-AH0-L-Z


threatening in english to kill the unbelievers.

TH-R-EH1 T-AH0 N-IH0 NG-IH0 N-IH1-NG G-L-IH0-SH T-UW1 K-IH1-L DH-AH0 AH2-N B-AH0 L-IY1 V-ER0-Z


he was the one who, in several videos-

HH-IY1 W-AA1-Z DH-AH0 W-AH1-N HH-UW1 IH0-N S-EH1 V-R-AH0-L V-IH1 D-IY0 OW0-Z


you can't do that.


so he's a bouncy ca-


great.in particular, they like to have anal sex with young boys.

G-R-IY1 T-AH0-N P-ER0 T-IH1 K-Y-AH0 L-ER0 DH-EY1 L-AY1-K T-UW1 HH-AE1 V-EY1 N-AH0-L S-EH1-K S-W-IH1 DH-Y-AH1-NG B-OY1-Z


well, yeah, cause it's, we're in a refrigerator right now.

W-EH1 L-Y-AE1 K-AA1 Z-IH1-T S-W-ER0 IH0 N-AH0 R-AH0 F-R-IH1 JH-ER0 EY2 T-ER0 R-AY1 T-N-AW1


it's not a freezer, technically.

IH1-T S-N-AA1 T-AH0 F-R-IY1 Z-ER0 T-EH1 K-N-IH0 K-AH0 L-IY0


cbs news is reporting that there's the no pants, subway ride.

S-IY1 B-IY2 EH2 S-N-UW1 Z-IH1 Z-R-IY0 P-AO1-R T-IH0-NG DH-AE1-T DH-EH1-R-Z DH-AH0 N-OW1 P-AE1-N-T-S S-AH1 B-W-EY2 R-AY1-D


an international celebration of silliness.

AE1 N-IH2-N T-ER0 N-AE1 SH-AH0 N-AH0-L S-EH2 L-AH0 B-R-EY1 SH-AH0 N-AH1-V S-IH1 L-IY0 N-AH0-S


watch out for the pants-less on subways in atlanta, chica-

W-AA1 CH-AW1-T F-AO1-R DH-AH0 P-AE1-N-T S-L-AH0 S-AA1-N S-AH1 B-W-EY2 Z-IH0 N-AE0 T-L-AE1-N T-AH0 CH-IY1 K-AH0


dallas, new york, london, and elsewhere on sunday.

D-AE1 L-AH0 S-N-UW1 Y-AO1-R K-L-AH1-N D-AH0 N-AH0-N D-EH1-L S-W-EH2 R-AA1-N S-AH1-N D-EY2


international celebration of silliness. that's fantastic. that's fan-

IH2-N T-ER0 N-AE1 SH-AH0 N-AH0-L S-EH2 L-AH0 B-R-EY1 SH-AH0 N-AH1-V S-IH1 L-IY0 N-AH0-S TH-AE1-T-S F-AE0-N T-AE1-S T-IH0-K TH-AE1-T-S F-AE1-N


tomorrow, though.yeah.you never know.

T-AH0 M-AA1 R-OW2 TH-AW0 JH-IY1 W-AH0 N-EH1 V-ER0 N-OW1


strikes me as a chipotle over a qdobas.

S-T-R-AY1-K S-M-IY1 AE1 Z-AH0 CH-IH1 P-AH0 T-AH0 L-OW1 V-ER0 AH0-K D-AA1 B-AH0-Z


in december chipotle's comparable sales plunged 30-

IH0-N D-IH0 S-EH1-M B-ER0 CH-IH1 P-AH0 T-AH0-L-Z K-AA1-M P-ER0 AH0 B-AH0-L S-EY1-L-Z P-L-AH1-N-JH-D TH-ER1 D-IY0


chipotle now expects its fourth quarter comparable sales to decline 14.6%.

CH-IH1 P-AH0 T-AH0-L N-AW1 IH0-K-S P-EH1-K-T S-IH1-T-S F-AO1-R-TH K-W-AO1-R T-ER0 K-AA1-M P-ER0 AH0 B-AH0-L S-EY1-L-Z T-UW1 D-IH0 K-L-AY1-N F-AO1-R T-IY1-N P-OY1-N-T S-IH1-K-S P-ER0 S-EH1-N-T


worse than the 8%.

W-ER1-S DH-AE1-N DH-AH0 EY1-T P-ER0 S-EH1-N-T


16% in november. 16% in a month because people are like what the? i'm not going there.

S-IH0-K-S T-IY1-N P-ER0 S-EH1-N T-IH0-N DH-AH0 S-IH0-K-S T-IY1-N TH-AH1 V-N-OW0 V-EH1-M B-ER0 P-ER0 S-EH1-N T-IH0 N-AH0 M-AH1-N-TH B-IH0 K-AO1-Z P-IY1 P-AH0 L-AA1-R L-AY1 K-W-AH1-T DH-AH0 AY1 AE1-M N-AA1-T G-OW1 IH0-NG DH-EH1-R


or they got e. coli and norovirus. noro. noro. norovirus.

AO1-R DH-EY1 G-AA1 T-IY1 K-OW1 L-IY0 AH0-N D-N-AO2 R-OW0 V-AY1 R-AH0 S-N-AO1 R-OW0 N-AO1 R-OW0 N-AO2 R-OW0 V-AY1 R-AH0-S


relating to a criminal investigation of an august norovirus incident at one of its restaurants,

R-IH0 L-EY1 T-IH0-NG T-UW1 AH0 K-R-IH1 M-AH0 N-AH0 L-IH0-N V-EH2-S T-AH0 G-EY1 SH-AH0 N-AH1 V-AE1 N-AA1 G-AH0-S T-N-AO2 R-OW0 V-AY1 R-AH0 S-IH1-N S-AH0 D-AH0-N T-AE1 T-W-AH1 N-AH1 V-IH1-T S-R-EH1-S T-ER0 AA2-N-T-S


where you go? taco bell? taco john's?

W-EH1 R-Y-UW1 G-OW1 T-AA1 K-OW0 B-EH1-L T-AA1 K-OW0 JH-AA1-N-Z


be safebe the safest place to eat.never.

B-IY1 S-EY1-F B-IY2 DH-AH0 S-EY1 F-AH0-S-T P-L-EY1-S T-UW1 IY1 T-AH0-N V-IH0-R


so, you know [inaudible 00:05:23].

S-OW1 Y-UW1 N-OW1 IH0 N-AO1 D-AH0 B-AH0-L Z-IH1 R-OW0 AW1 ER0-Z F-AY1 V-M-IH1 N-AH0-T S-AH0-N-D T-W-EH1-N T-IY0 TH-R-IY1 S-EH1 K-AH0-N-D-Z


unfortunately.you remember that? well, we're starting off this year with a florida couple.

AH2-N F-AO0-R T-UW2 N-IY0 T-EY1 SH-AH0 N-R-IH0 M-EH1-M B-ER0 DH-AE1 T-W-EH1 L-W-ER0-S T-AA1-R T-IH0 NG-AO1-F DH-IH1 S-Y-IH1 R-W-IH1 DH-AH0 F-L-AO1 R-AH0 D-AH0 K-AH1 P-AH0-L


detectives went to the child's home and found a playhouse that was five feet by seven feet by seven feet.

D-IH0 T-EH1-K T-IH0-V Z-W-EH1-N-T T-UW1 DH-AH0 CH-AY1-L-D-Z HH-OW1 M-AH0-N-D F-AW1-N D-AH0 P-L-EY1 HH-AW2-S DH-AE1 T-W-AA1-Z F-AY1-V F-IY1-T B-AY1 S-EH1 V-AH0-N F-IY1-T B-AY1 S-EH1 V-AH0-N F-IY1-T


the door had been barred shut by a large piece of wood.

DH-AH0 D-AO1-R HH-AE1-D B-IH1-N B-AA1-R-D SH-AH1-T B-AY1 AH0 L-AA1-R-JH P-IY1 S-AH1 V-W-UH1-D


inside the playhouse, the parents explained they would secure the girl's zip ties to keep her from kicking the-

IH0-N S-AY1-D DH-AH0 P-L-EY1 HH-AW2-S DH-AH0 P-EH1 R-AH0-N-T S-IH0-K-S P-L-EY1-N-D DH-EY1 W-UH1-D S-IH0 K-Y-UH1-R DH-AH0 G-ER1-L-Z Z-IH1-P T-AY1-Z T-UW1 K-IY1-P HH-ER0 F-R-AH1-M K-IH1 K-IH0-NG DH-AH0


-playhouse apart. they also stated that while the child is allowed to eat dinner with the family-

P-L-EY1 HH-AW2 S-AH0 P-AA1-R-T DH-EY1 AO1-L S-OW0-S T-EY1 T-AH0-D DH-AE1 T-W-AY1-L DH-AH0 CH-AY1-L D-IH1 Z-AH0 L-AW1-D T-UW1 IY1-T D-IH1 N-ER0 W-IH1-DH DH-AH0 F-AE1 M-AH0 L-IY0


or maybe she has behavior issues because-dump her in a fucking swamp, the gators will take care of her if that's the case.

AO1-R M-EY1 B-IY0 SH-IY1 HH-AE1-Z B-IH0 HH-EY1 V-Y-ER0 IH1 SH-UW0-Z B-IH0 K-AA1-Z D-AW2-M HH-ER0 IH0 N-AH0 F-AH1 K-IH0-NG S-W-AA1-M-P DH-AH0 G-EY1 T-ER0 Z-W-IH1-L T-EY1-K K-EH1 R-AH1-V HH-ER0 IH1-F TH-AE1-T-S DH-AH0 K-EY1-S


-but they have seven other kids-

B-AH1-T DH-EY1 HH-AE1-V S-EH1 V-AH0 N-AH1 DH-ER0 K-IH1-D-Z


going to lock your kid up, do it the-

G-OW1 IH0-NG T-UW1 L-AA1 K-Y-AO1-R K-IH1 D-AH1-P D-UW1 IH1-T DH-AH0


the right way.


from a xavier survival, survival and prepping websites by the authors of the survival blog morethanjustsurviving.com.

F-R-AH1 M-AH0 Z-EY1 V-Y-ER0 S-ER0 V-AY1 V-AH0-L S-ER0 V-AY1 V-AH0 L-AH0-N-D P-R-EH1 P-IH0 NG-W-EH1-B S-AY2-T-S B-AY1 DH-AH0 AO1 TH-ER0 Z-AH1-V DH-AH0 S-ER0 V-AY1 V-AH0-L B-L-AA1 G-M-AO2 R-IY0 F-AH0-M CH-UW2 JH-AH0-N S-AE1 V-AH0-N-T


find us on player.fm, on itunes, on stitcher, and of course on the web-

F-AY1-N D-AH1 S-AA1-N P-L-EY1 R-IH0-M F-AA1 N-IH1 T-UW0-N Z-AA1-N-S T-IH1 CH-ER0 AH0-N D-AH1-V K-AO1-R S-AA1-N DH-AH0 W-EH1-B


no, not that kind of shit. come on.

N-OW1 N-AA1-T DH-AE1-T K-AY1-N D-AH1-V SH-IH1-T K-AH1 M-AA1-N


it's rated m for mature.

IH1-T S-R-EY1 T-AH0 D-EH1-M F-AO1-R M-AH0 CH-UH1-R


nuancing on the booze.

N-AW1 AH0-N S-IH0 NG-AA1-N DH-AH0 B-UW1-Z


[crosstalk 00:07:01] but i never know if she's not going to be around.

K-R-AO1-S T-AO1-K Z-IH1 R-OW0 AW1 ER0-Z S-EH1 V-AH0-N M-IH1 N-AH0-T S-AH0-N D-W-AH1-N S-EH1 K-AH0-N-D B-AH1 T-AY1 N-EH1 V-ER0 N-OW1 IH1-F SH-EH1 S-N-AA1-T G-OW1 IH0-NG T-UW1 B-IY1 ER0 AW1-N-D


then he was talking about like-

DH-EH1-N HH-IY1 W-AA1-Z T-AO1 K-IH0 NG-AH0 B-AW1 T-L-AY1-K


you haven't listened to the episodes.

Y-UW1 HH-AE1 V-AH0-N T-L-IH1 S-AH0-N-D T-UW1 DH-AH0 EH1 P-AH0 S-OW2-D-Z


they're not on. i have no idea.we'll know if he comes on and he mentions it. i guess-

TH-EH1-R N-AA1 T-AA1 N-AY1 HH-AE1 V-N-OW1 AY1 D-AH0 W-EH0-L N-OW1 IH1-F HH-IY1 K-AH1-M Z-AA1 N-AH0-N-D HH-IY1 M-EH1-N SH-AH0-N Z-IH1 T-AY1 G-EH1-S


text me right now as you're listening.

T-EH1-K-S T-M-IY1 R-AY1 T-N-AW1 AE1 Z-Y-UH1-R L-IH1 S-AH0 N-IH0-NG


at any time.all right, gus, if you're listening to this-

AE1 T-EH1 N-IY0 T-IH1 M-IY0 AH0-L R-AY1-T G-AH1 S-IH1 F-Y-UH1-R L-IH1 S-AH0 N-IH0-NG T-UW1 DH-IH1-S


let's, let's get started with that topic of dns. if that's okay with you. and then maybe later we can talk a bit about the ok-

L-EH1-T S-L-EH1-T-S G-EH1-T-S T-AA1-R T-AH0 D-W-IH1-DH DH-AE1-T T-AA1 P-IH0 K-AH1-V D-IY1 EH1-N S-IY1 IH1-F TH-AE1-T S-OW2 K-EY1 W-IH1 DH-Y-UW1 AH0-N-D DH-EH1-N M-EY1 B-IY0 L-EY1 T-ER0 W-IY1 K-AE1-N T-AO1 K-AH0 B-IH1 T-AH0 B-AW1-T DH-AH0 OW1 K-EY1


[inaudible 00:07:36] foundation in general. and also some of the other things that you guys are working on.

IH0 N-AO1 D-AH0 B-AH0-L Z-IH1 R-OW0 AW1 ER0-Z S-EH1 V-AH0-N M-IH1 N-AH0-T S-AH0-N-D TH-ER1 D-IY0 S-IH1-K-S S-EH1 K-AH0-N-D-Z F-AW0-N D-EY1 SH-AH0 N-IH0-N JH-EH1 N-ER0 AH0 L-AH0-N D-AO1-L S-OW0 S-AH1 M-AH1-V DH-AH0 AH1 DH-ER0 TH-IH1-NG-Z DH-AE1 T-Y-UW1 G-AY1 Z-AA1 R-W-ER1 K-IH0 NG-AA1-N


there's so much technology out there for-

DH-EH1-R-Z S-OW1 M-AH1-CH T-EH0 K-N-AA1 L-AH0 JH-IY0 AW1-T DH-EH1-R F-AO1-R


and dns is this one part of one central crucial part that underpins how the internet works.

AH0-N-D D-IY1 EH1-N S-IY1 IH1-Z DH-IH1 S-W-AH1-N P-AA1-R T-AH1 V-W-AH1-N S-EH1-N T-R-AH0-L K-R-UW1 SH-AH0-L P-AA1-R-T DH-AE1 T-AH1-N D-ER0 P-IH2-N-Z HH-AW1 DH-AH0 IH1-N T-ER0 N-EH2 T-W-ER1-K-S


so it's specifically the system that is responsible for converting website domains, like for example, twitter.com.

S-OW1 IH1-T-S-S P-AH0 S-IH1 F-IH0 K-L-IY0 DH-AH0 S-IH1-S T-AH0-M DH-AE1 T-IH1 Z-R-IY0-S P-AA1-N S-AH0 B-AH0-L F-AO1-R K-AH0-N V-ER1 T-IH0 NG-W-EH1-B S-AY2-T D-OW0 M-EY1-N Z-L-AY1-K F-AO1 R-IH0-G Z-AE1-M P-AH0-L T-W-IH1-T K-ER0 M-AH0-K


sort of high-level servers around the world. and that for every top level domain there are-

S-AO1-R T-AH1-V HH-AY1 V-L-EH2-L S-ER1 V-ER0 Z-ER0 AW1-N-D DH-AH0 W-ER1-L D-AH0-N-D DH-AE1-T F-AO1 R-EH1 V-ER0 IY0 T-AA1 P-L-EH1 V-AH0-L D-OW0 M-EY1-N DH-EH1 R-AA1-R


well, i think it's worth, because i was actually going to ask exactly. so-

W-EH1 L-AY1 TH-IH1-NG K-IH1-T S-W-ER1-TH B-IH0 K-AO1 Z-AY1 W-AA1 Z-AE1-K CH-AH0 W-AH0 L-IY0 G-OW1 IH0-NG T-UW1 AE1-S K-IH0-G Z-AE1-K T-L-IY0 S-OW1


the way you talked about it, right? so what's the role of ip addresses there? which-

DH-AH0 W-EY1 Y-UW1 T-AO1-K T-AH0 B-AW1 T-IH1 T-R-AY1-T S-OW1 W-AH0-T-S DH-AH0 R-OW1 L-AH1 V-IH1 P-AE1 D-R-EH1 S-IH0-Z DH-EH1 R-W-IH1-CH


so when somebody gives you your house address-

S-OW1 W-EH1-N S-AH1-M B-AA2 D-IY0 G-IH1-V Z-Y-UW1 Y-AO1-R HH-AW1 S-AE1 D-R-EH2-S


so twitter.com, may even-

S-OW1 T-W-IH1-T K-ER0 M-AH0 K-M-EY1 IY1 V-IH0-N


you know, change the ip addresses throughout the day based on load balancing or from where somebody is trying to contact twitter.

Y-UW1 N-OW1 CH-EY1-N-JH DH-AH0 IH1 P-AE1 D-R-EH1 S-IH0-Z TH-R-UW0 AW1-T DH-AH0 D-EY1 B-EY1-S T-AA1 N-L-OW1-D B-AE1 L-AH0-N S-IH0 NG-AO1-R F-R-AH1 M-W-EH1-R S-AH1-M B-AA2 D-IY0 IH1-Z T-R-AY1 IH0-NG T-UW1 K-AA1-N T-AE2-K-T T-W-IH1 T-ER0


anyways, this domain, where is this domain?

EH1 N-IY0 W-EY2-Z DH-IH1-S D-OW0 M-EY1 N-W-EH1 R-IH1-Z DH-IH1-S D-OW0 M-EY1-N


right? yeah. and they're not hard coded, they-

R-AY1 T-Y-AE1 AH0-N-D TH-EH1-R N-AA1-T HH-AA1-R-D K-OW1 D-IH0-D DH-EY1


what is sort of the importance and the significance of discussing-

W-AH1 T-IH1-Z S-AO1-R T-AH1-V DH-AH0 IH0-M P-AO1-R T-AH0-N S-AH0-N-D DH-AH0 S-AH0 G-N-IH1 F-IH0 K-AH0-N S-AH1-V D-IH0-S K-AH1 S-IH0-NG


this internet dns stuff-

DH-IH1 S-IH1-N T-ER0 N-EH2-T D-IY1 EH1-N S-IY1-S T-AH1-F


refuse to give you twitter's ip address.

R-EH1 F-Y-UW2-Z T-UW1 G-IH1 V-Y-UW1 T-W-IH1 T-ER0 Z-IH1 P-AE1 D-R-EH2-S


you can then still access twitter?

Y-UW1 K-AE1-N DH-EH1-N-S T-IH1 L-AE1-K S-EH2-S T-W-IH1 T-ER0


but not in all circumstances. so i believe in-

B-AH1 T-N-AA1 T-IH0 N-AO1-L S-ER1 K-AH0-M-S T-AE2-N S-AH0-Z S-OW1 AY1 B-IH0 L-IY1 V-IH0-N


protests, and the government is trying to regulate and sensor information that is coming out, but in-

P-R-OW1 T-EH2-S-T S-AH0-N-D DH-AH0 G-AH1 V-ER0 M-AH0-N T-IH1-Z T-R-AY1 IH0-NG T-UW1 R-EH1 G-Y-AH0 L-EY2 T-AH0-N-D S-EH1-N S-ER0 IH2-N F-ER0 M-EY1 SH-AH0-N DH-AE1 T-IH1-Z K-AH1 M-IH0 NG-AW1-T B-AH1 T-IH0-N


issue, day-to-day.


this is what i want to ask you is how can it be a problem then?

DH-IH1 S-IH1 Z-W-AH1 T-AY1 W-AA1-N-T T-UW1 AE1-S K-Y-UW1 IH1-Z HH-AW1 K-AE1 N-IH1-T B-IY1 AH0 P-R-AA1 B-L-AH0-M DH-EH1-N


i don't have to care about, and maybe more from a sort of a moral perspective or because of other people, or politically reasons, i-

AY1 D-AA1-N-T HH-AE1-V T-UW1 K-EH1 R-AH0 B-AW1 T-AH0-N D-M-EY1 B-IY0 M-AO1-R F-R-AH1 M-AH0 S-AO1-R T-AH1 V-AH0 M-AO1 R-AH0-L P-ER0-S P-EH1-K T-IH0 V-AO1-R B-IH0 K-AO1 Z-AH1 V-AH1 DH-ER0 P-IY1 P-AH0 L-AO1-R P-AH0 L-IH1 T-IH0 K-AH0 L-IY0 R-IY1 Z-AH0-N Z-AY1


the second big problem that can occur with dns, that has nothing to do with censorship, is simply security issues.

DH-AH0 S-EH1 K-AH0-N-D B-IH1-G P-R-AA1 B-L-AH0-M DH-AE1-T K-AE1 N-AH0 K-ER1 W-IH1-DH D-IY1 EH1-N S-IY1 DH-AE1-T HH-AE1 Z-N-AH1 TH-IH0-NG T-UW1 D-UW1 W-IH1-DH S-EH1-N S-ER0 SH-IH2 P-IH1-Z S-IH1-M P-L-IY0 S-IH0 K-Y-UH1 R-AH0 T-IY0 IH1 SH-UW0-Z


the dns system can be used against them to-

DH-AH0 D-IY1 EH1-N S-IY1 S-IH1-S T-AH0-M K-AE1-N B-IY1 Y-UW1-Z D-AH0 G-EH1-N-S-T DH-EH1-M T-UW1


as well. that every website that you visit, that-

AE1 Z-W-EH1-L DH-AE1 T-EH1 V-ER0 IY0 W-EH1-B S-AY2-T DH-AE1 T-Y-UW1 V-IH1 Z-AH0-T DH-AE1-T


and is pretending to be the website you're going to.

AH0-N D-IH1-Z P-R-IY0 T-EH1-N D-IH0-NG T-UW1 B-IY1 DH-AH0 W-EH1-B S-AY2 T-Y-UH1-R G-OW1 IH0-NG T-UW1


discussing in and periodically revisiting the two concepts of encryption and authentication.

D-IH0-S K-AH1 S-IH0 NG-IH0 N-AH0-N-D P-IY2 R-IY0 AA1 D-IH0 K-AH0 L-IY0 R-IY0 V-IH1 Z-IH0 T-IH0-NG DH-AH0 T-UW1 K-AA1-N S-EH0-P-T S-AH1 V-EH0-N K-R-IH1-P SH-AH0 N-AH0-N D-AO0 TH-EH2-N T-AH0 K-EY1 SH-AH0-N


and authentication is when you ensure both the integrity of the data and that you're-

AH0-N D-AO0 TH-EH2-N T-AH0 K-EY1 SH-AH0 N-IH1 Z-W-EH1 N-Y-UW1 EH0-N SH-UH1-R B-OW1-TH DH-AH0 IH0-N T-EH1 G-R-AH0 T-IY0 AH1-V DH-AH0 D-EY1 T-AH0 AH0-N-D DH-AE1 T-Y-UH1-R


but i might not know who that person is. i might think there's somebody else, and that basically makes the conversation not-

B-AH1 T-AY1 M-AY1 T-N-AA1 T-N-OW1 HH-UW1 DH-AE1-T P-ER1 S-AH0 N-IH1 Z-AY1 M-AY1-T TH-IH1-NG-K DH-EH1-R-Z S-AH1-M B-AA2 D-IY0 EH1-L S-AH0-N-D DH-AE1-T B-EY1 S-IH0 K-L-IY0 M-EY1-K-S DH-AH0 K-AA2-N V-ER0 S-EY1 SH-AH0-N N-AA1-T


secure. so for our conversation to actually be secure, now-

S-IH0 K-Y-UH1-R S-OW1 F-AO1 R-AW1 ER0 K-AA2-N V-ER0 S-EY1 SH-AH0-N T-UW1 AE1-K CH-AH0 W-AH0 L-IY0 B-IY1 S-IH0 K-Y-UH1-R N-AW1


but to go to the example where you were talking about a man in the middle-

B-AH1-T T-UW1 G-OW1 T-UW1 DH-AH0 IH0-G Z-AE1-M P-AH0 L-W-EH1 R-Y-UW1 W-ER0 T-AO1 K-IH0 NG-AH0 B-AW1 T-AH0 M-AE1 N-IH0-N DH-AH0 M-IH1 D-AH0-L


is pretending to be twitter, so you could have a server running somewhere.

IH1-Z P-R-IY0 T-EH1-N D-IH0-NG T-UW1 B-IY1 T-W-IH1 T-ER0 S-OW1 Y-UW1 K-UH1-D HH-AE1 V-AH0 S-ER1 V-ER0 R-AH1 N-IH0-NG S-AH1 M-W-EH2-R


you could even be passing traffic back and forth.

Y-UW1 K-UH1 D-IY1 V-IH0-N B-IY1 P-AE1 S-IH0-NG T-R-AE1 F-IH0-K B-AE1 K-AH0-N-D F-AO1-R-TH


reading the conversation. you would be able to steal sebastian's password, and then hack into his account.

R-EH1 D-IH0-NG DH-AH0 K-AA2-N V-ER0 S-EY1 SH-AH0 N-Y-UW1 W-UH1-D B-IY1 EY1 B-AH0-L T-UW1-S T-IY1-L S-AH0 B-AE1-S CH-AH0-N-Z P-AE1 S-W-ER2 D-AH0-N-D DH-EH1-N HH-AE1 K-IH0-N T-UW1 HH-IH1 Z-AH0 K-AW1-N-T


into sebastian's version of twitter.com. that could also do various malicious things. and to-

IH0-N T-UW1 S-AH0 B-AE1-S CH-AH0-N-Z V-ER1 ZH-AH0 N-AH1-V T-W-IH1-T K-ER0 M-AH0-K DH-AE1-T K-UH1 D-AO1-L S-OW0 D-UW1 V-EH1 R-IY0 AH0 S-M-AH0 L-IH1 SH-AH0-S TH-IH1-NG Z-AH0-N-D T-UW1


so if i just rephrase that, so basically when you're-

S-OW1 IH1 F-AY1 JH-AH1-S T-R-IY0 F-R-EY1-Z DH-AE1-T S-OW1 B-EY1 S-IH0 K-L-IY0 W-EH1 N-Y-UH1-R


and in that case, it's really simple and pretty trivial to do a man-in-the-middle attack, for-

AH0-N D-IH0-N DH-AE1-T K-EY1 S-IH1-T S-R-IH1 L-IY0 S-IH1-M P-AH0 L-AH0-N-D P-R-IH1 T-IY0 T-R-IH1 V-IY0 AH0-L T-UW1 D-UW1 AH0 M-AE1 N-IH0-N TH-M-AH0-N T-AH0 D-AH0 T-AE1-K F-AO1-R


that's where i start to-

TH-AE1-T S-W-EH1 R-AY1-S T-AA1-R-T T-UW1


let's say brian and i are in a cafe.

L-EH1-T-S S-EY1 B-R-AY1 AH0 N-AH0-N D-AY1 AA1 R-IH0 N-AH0 K-AH0 F-EY1


so i apologize if this gets a little too-

S-OW1 AY1 AH0 P-AA1 L-AH0 JH-AY2 Z-IH1-F DH-IH1-S G-EH1-T S-AH0 L-IH1 T-AH0-L T-UW1


there are two kinds of cryptography.

DH-EH1 R-AA1-R T-UW1 K-AY1-N-D Z-AH1-V K-R-IH1-P T-AH0 G-R-AE2 F-IY0


one is called symmetric cryptography, and the other is kind asymmetric cryptography.

W-AH1 N-IH1-Z K-AO1-L-D S-IH0 M-EH1 T-R-IH0-K K-R-IH1-P T-AH0 G-R-AE2 F-IY0 AH0-N-D DH-AH0 AH1 DH-ER0 IH1-Z K-AY1-N D-AE2 S-IH0 M-EH1 T-R-IH0-K K-R-IH1-P T-AH0 G-R-AE2 F-IY0


i think we can assume that people do-

AY1 TH-IH1-NG K-W-IY1 K-AE1 N-AH0 S-UW1-M DH-AE1-T P-IY1 P-AH0-L D-UW1


you tell anybody, anyone who you want to be able to send you a message-

Y-UW1 T-EH1 L-EH1 N-IY0 B-AH0 D-IY0 EH1 N-IY0 W-AH2-N HH-UW1 Y-UW1 W-AA1-N-T T-UW1 B-IY1 EY1 B-AH0-L T-UW1 S-EH1-N D-Y-UW1 AH0 M-EH1 S-AH0-JH


messages you want to send to twitter, you can encrypt them with that key.

M-EH1 S-AH0 JH-AH0 Z-Y-UW1 W-AA1-N-T T-UW1 S-EH1-N-D T-UW1 T-W-IH1 T-ER0 Y-UW1 K-AE1 N-EH0-N K-R-IH1-P-T DH-EH1 M-W-IH1-DH DH-AE1-T K-IY1


and then send them to twitter.

AH0-N-D DH-EH1-N S-EH1-N-D DH-EH1-M T-UW1 T-W-IH1 T-ER0


it says, we're going to create-

IH1-T S-EH1 Z-W-ER0 G-OW1 IH0-NG T-UW1 K-R-IY0 EY1-T


public keys, basically. everybody on the internet is going to trust these people.

P-AH1 B-L-IH0-K K-IY1-Z B-EY1 S-IH0 K-L-IY0 EH1 V-R-IY0 B-AA2 D-IY0 AA1-N DH-AH0 IH1-N T-ER0 N-EH2 T-IH1-Z G-OW1 IH0-NG T-UW1 T-R-AH1-S-T DH-IY1-Z P-IY1 P-AH0-L


and so web browsers actually ship-

AH0-N-D S-OW1 W-EH1-B B-R-AW1 Z-ER0 Z-AE1-K CH-AH0 W-AH0 L-IY0 SH-IH1-P


key already known beforehand.

K-IY1 AO0-L R-EH1 D-IY0 N-OW1-N B-IH0 F-AO1-R HH-AE2-N-D


and they're able to sign website-

AH0-N-D TH-EH1 R-EY1 B-AH0-L T-UW1 S-AY1 N-W-EH1-B S-AY2-T


can go to a certificate authority.

K-AE1-N G-OW1 T-UW1 AH0 S-ER0 T-IH1 F-IH0 K-EY2 T-AH0 TH-AO1 R-AH0 T-IY0


so the implications of that would then be, if you want to do that-

S-OW1 DH-AH0 IH2-M P-L-AH0 K-EY1 SH-AH0-N Z-AH1-V DH-AE1 T-W-UH1-D DH-EH1-N B-IY1 IH1 F-Y-UW1 W-AA1-N-T T-UW1 D-UW1 DH-AE1-T


we need to get some certificate authority to sign my public key.

W-IY1 N-IY1-D T-UW1 G-EH1-T S-AH1-M S-ER0 T-IH1 F-IH0 K-EY2 T-AH0 TH-AO1 R-AH0 T-IY0 T-UW1 S-AY1-N M-AY1 P-AH1 B-L-IH0-K K-IY1


because i guess there are 1,000 of them. well-

B-IH0 K-AO1 Z-AY1 G-EH1-S DH-EH1 R-AA1-R TH-AW1 Z-AH0-N D-AH1-V DH-EH1 M-W-EH1-L


particularly if you are a government authority, then you'll be able to force them to sign your public keys.

P-AA2-R T-IH1 K-Y-AH0 L-ER0 L-IY0 IH1 F-Y-UW1 AA1 R-AH0 G-AH1 V-ER0 M-AH0-N T-AH0 TH-AO1 R-AH0 T-IY0 DH-EH1 N-Y-UW1-L B-IY1 EY1 B-AH0-L T-UW1 F-AO1-R-S DH-EH1-M T-UW1 S-AY1 N-Y-AO1-R P-AH1 B-L-IH0-K K-IY1-Z


and without their knowledge, sign a certificate.in terms of protecting yourself against this, there are different ways that you can do that, i believe.

AH0-N D-W-IH0 TH-AW1-T DH-EH1-R N-AA1 L-AH0-JH S-AY1 N-AH0 S-ER2 T-AH0 F-AH0 K-EY1 SH-AH0-N T-ER1-M Z-AH1-V P-R-AH0 T-EH1-K T-IH0 NG-Y-ER0 S-EH1-L F-AH0 G-EH1-N-S-T DH-IH1-S DH-EH1 R-AA1-R D-IH1 F-ER0 AH0-N T-W-EY1-Z DH-AE1 T-Y-UW1 K-AE1-N D-UW1 DH-AE1 T-AY1 B-IH0 L-IY1-V


yeah. i'm pretty confident that it gives me a good level of security.

Y-AE1 IH1-M P-R-IH1 T-IY0 K-AA1-N F-AH0 D-AH0-N-T DH-AE1 T-IH1-T G-IH1-V Z-M-IY1 AH0 G-UH1 D-L-EH1 V-AH0 L-AH1-V S-IH0 K-Y-UH1 R-AH0 T-IY0


well, dns, so this is something that we should make super clear, which is that-

W-EH1-L D-IY1 EH1-N S-IY1 S-OW1 DH-IH1 S-IH1-Z S-AH1-M TH-IH0-NG DH-AE1 T-W-IY1 SH-UH1 D-M-EY1-K S-UW1 P-ER0 K-L-IH1 R-W-IH1 CH-IH1-Z DH-AE1-T


that certificate. so dns doesn't play a role there. and in terms of vpn-

DH-AE1-T S-ER0 T-IH1 F-IH0 K-EY2-T S-OW1 D-IY1 EH1-N S-IY1 D-OW1 S-AH0-N-T P-L-EY1 AH0 R-OW1-L DH-EH1 R-AH0-N D-IH0-N T-ER1-M Z-AH1-V V-AH1-N-P


from the vpn to the website, it could be man-in-the-middled.

F-R-AH1-M DH-AH0 V-AH1-N-P T-UW1 DH-AH0 W-EH1-B S-AY2 T-IH1-T K-UH1-D B-IY1 M-AE2 N-IH0-N TH-EH1-M D-AH0-N T-IH0-D


by a rogue certificate.

B-AY1 AH0 R-OW1-G S-ER0 T-IH1 F-IH0 K-EY2-T


and here's the crucial point that people need to understand.

AH0-N-D HH-IH1-R-Z DH-AH0 K-R-UW1 SH-AH0-L P-OY1-N-T DH-AE1-T P-IY1 P-AH0-L N-IY1-D T-UW1 AH2-N D-ER0-S T-AE1-N-D


when you aggregate all of them, and then when you aggregate all of the intermediate certificate-

W-EH1 N-Y-UW1 AE1 G-R-AH0 G-EY0 T-AO1 L-AH1-V DH-EH1 M-AH0-N-D DH-EH1 N-W-EH1 N-Y-UW1 AE1 G-R-AH0 G-EY0 T-AO1 L-AH1-V DH-AH0 IH2-N T-ER0 M-IY1 D-IY0 IH0-T S-ER0 T-IH1 F-IH0 K-EY2-T


according to some research that some people did, you get a number that's over 1,200 organizations.

AH0 K-AO1-R D-IH0-NG T-UW1 S-AH1 M-R-IY0 S-ER1-CH DH-AE1-T S-AH1-M P-IY1 P-AH0-L D-IH1 D-Y-UW1 G-EH1 T-AH0 N-AH1-M B-ER0 TH-AE1-T S-OW1 V-ER0 TH-AW1 Z-AH0-N-D T-UW1 HH-AH1-N D-R-AH0 D-AO2-R G-AH0 N-AH0 Z-EY1 SH-AH0-N-Z


most people can't pronounce most of the names of the cert-

M-OW1-S-T P-IY1 P-AH0-L K-AE1-N-T P-R-AH0 N-AW1-N S-M-OW1-S T-AH1-V DH-AH0 N-EY1-M Z-AH1-V DH-AH0 S-ER1-T


to create a certificate that can be used to man-in-the-middle any website on the entire internet.

T-UW1 K-R-IY0 EY1 T-AH0 S-ER0 T-IH1 F-IH0 K-EY2-T DH-AE1-T K-AE1-N B-IY1 Y-UW1-Z-D T-UW1 M-AE1 N-IH0-N TH-M-AH0-N T-AH0 D-EH1 N-IY0 W-EH1-B S-AY2 T-AA1-N DH-AH0 IH0-N T-AY1 ER0 IH1-N T-ER0 N-EH2-T


entities that people have absolutely no reason to trust. and if people are wondering, has this happened?

EH1-N T-IH0 T-IY0-Z DH-AE1-T P-IY1 P-AH0-L HH-AE1 V-AE2-B S-AH0 L-UW1 T-L-IY0 N-OW1 R-IY1 Z-AH0-N T-UW1 T-R-AH1-S T-AH0-N D-IH1-F P-IY1 P-AH0 L-AA1 R-W-AH1-N D-ER0 IH0-NG HH-AE1-Z DH-IH1-S HH-AE1 P-AH0-N-D


and these certificate authorities, perhaps being corrupted or coerced or hacked-

AH0-N-D DH-IY1-Z S-ER0 T-IH1 F-IH0 K-EY2 T-AH0 TH-AO1 R-AH0 T-IY0-Z P-ER0 HH-AE1-P-S B-IY1 IH0-NG K-ER0 AH1-P T-IH0 D-AO1-R K-OW0 ER1-S T-AO1-R HH-AE1-K-T


it comes down to it, but people need to realize is-

IH1-T K-AH1-M-Z D-AW1-N T-UW1 IH1-T B-AH1-T P-IY1 P-AH0-L N-IY1-D T-UW1 R-IY1 L-AY2 Z-IH1-Z


they might as well assume their data's being-

DH-EY1 M-AY1 T-AE1 Z-W-EH1 L-AH0 S-UW1-M DH-EH1-R D-EY1 T-AH0-Z B-IY1 IH0-NG


completely unaware that... i think someone may have said some time, at some point that-

K-AH0-M P-L-IY1 T-L-IY0 AH2 N-AH0 W-EH1-R DH-AE1 T-AY1 TH-IH1-NG-K S-AH1 M-W-AH2-N M-EY1 HH-AE1-V S-EH1-D S-AH1-M T-AY1 M-AE1-T S-AH1-M P-OY1-N-T DH-AE1-T


having that extended window, essentially, to try to attack those people.

HH-AE1 V-IH0-NG DH-AE1 T-IH0-K-S T-EH1-N D-AH0 D-W-IH1-N D-OW0 IH0 S-EH1-N SH-AH0 L-IY0 T-UW1 T-R-AY1 T-UW1 AH0 T-AE1-K DH-OW1-Z P-IY1 P-AH0-L


of the bitcoin.


our objective is that solutions are running in all the bitcoin softwares, and in the-

AW1 ER0 AH0-B JH-EH1-K T-IH0 V-IH1-Z DH-AE1-T S-AH0 L-UW1 SH-AH0-N Z-AA1-R R-AH1 N-IH0 NG-IH0 N-AO1-L DH-AH0 B-IH1-T K-AH0-N S-AO1-F T-W-EH2-R Z-AH0-N D-IH0-N DH-AH0


the ledger nano. so go to ledgerwallet.com, and use the offer code eb09 to get 10%-

DH-AH0 L-EH1 JH-ER0 N-AA1 N-OW0 S-OW1 G-OW1 T-UW1 L-EH1 JH-ER0 W-AH0 L-AH0-T D-AA1-T K-AA1-M K-AA1 M-AH0 AH0-N D-Y-UW1-Z DH-AH0 AO1 F-ER0 K-OW1 D-EH1 B-OW1 N-AY1-N T-UW1 G-EH1-T T-EH1-N P-ER0 S-EH1-N-T


off your first order. that offer code is valid until september 30th of 2015.

AO1 F-Y-AO1-R F-ER1-S T-AO1-R D-ER0 DH-AE1 T-AO1 F-ER0 K-OW1 D-IH1-Z V-AE1 L-AH0 D-AH0-N T-IH1-L DH-AH0 TH-ER1 T-IY0 AH0 TH-AH1-V S-EH0-P T-EH1-M B-ER0 AH1-V T-W-EH1-N T-IY0 F-IH0-F T-IY1-N


and what it makes possible is ownership of digital information.

AH0-N D-W-AH1 T-IH1 T-M-EY1-K-S P-AA1 S-AH0 B-AH0 L-IH1 Z-OW1 N-ER0 SH-IH2 P-AH1-V D-IH1 JH-AH0 T-AH0 L-IH2-N F-ER0 M-EY1 SH-AH0-N


without relying on some-

W-IH0 TH-AW1 T-R-IY0 L-AY1 IH0 NG-AA1-N S-AH1-M


so i think you guys have mentioned that your audience-

S-OW1 AY1 TH-IH1-NG K-Y-UW1 G-AY1-Z HH-AE1 V-M-EH1-N SH-AH0-N-D DH-AE1 T-Y-AO1 R-AA1 D-IY0 AH0-N-S


is effectively kind of how the name suggests, a chain of blocks.

IH1 Z-IH0 F-EH1-K T-IH0 V-L-IY0 K-AY1-N D-AH1-V HH-AW1 DH-AH0 N-EY1-M S-AH0-G JH-EH1-S-T S-AH0 CH-EY1 N-AH1-V B-L-AA1-K-S


and they are generated using this-

AH0-N-D DH-EY1 AA1-R JH-EH1 N-ER0 EY2 T-AH0 D-Y-UW1 Z-IH0-NG DH-IH1-S


okay. so you can think of a blockchain as a-

OW2 K-EY1 S-OW1 Y-UW1 K-AE1-N TH-IH1-NG K-AH1 V-AH0 B-L-AA1-K HH-EY2 N-AE1 Z-AH0


because, in fact, there are third parties involved in the bitcoin blockchain.

B-IH0 K-AO1 Z-IH0-N F-AE1-K-T DH-EH1 R-AA1-R TH-ER1-D P-AA1-R T-IY0 Z-IH0-N V-AA1-L-V D-IH0-N DH-AH0 B-IH1-T K-AH0-N B-L-AA1-K HH-EY2-N


that are difficult to pull off, and are detectable, called 51%-

DH-AE1 T-AA1-R D-IH1 F-AH0 K-AH0-L-T T-UW1 P-UH1 L-AO1 F-AH0-N D-AA1-R D-IH0 T-EH1-K T-AH0 B-AH0-L K-AO1-L-D F-IH1-F T-IY0 W-AH1-N P-ER0 S-EH1-N-T


in the blockchain. so if they start doing that, that becomes a serious problem, because if they can reverse enough blocks-

IH0-N DH-AH0 B-L-AA1-K HH-EY2-N S-OW1 IH1-F DH-EY1-S T-AA1-R-T D-UW1 IH0-NG DH-AE1-T DH-AE1-T B-IH0 K-AH1-M Z-AH0 S-IH1 R-IY0 AH0-S P-R-AA1 B-L-AH0-M B-IH0 K-AO1 Z-IH1-F DH-EY1 K-AE1 N-R-IH0 V-ER1 S-IH0 N-AH1-F B-L-AA1-K-S


and they can, for example, in bitcoin-

AH0-N-D DH-EY1 K-AE1-N F-AO1 R-IH0-G Z-AE1-M P-AH0 L-IH0-N B-IH1-T K-AH0-N


which allowed people to create these transactions that included names.

W-IH1 CH-AH0 L-AW1-D P-IY1 P-AH0-L T-UW1 K-R-IY0 EY1-T DH-IY1-Z T-R-AE0-N Z-AE1-K SH-AH0-N-Z DH-AE1 T-IH0-N K-L-UW1 D-AH0 D-N-EY1-M-Z


and that transaction is spread throughout the bitcoin network, or sorry, the name coin network.

AH0-N-D DH-AE1-T T-R-AE0-N Z-AE1-K SH-AH0 N-IH1-Z-S P-R-EH1-D TH-R-UW0 AW1-T DH-AH0 B-IH1-T K-AH0-N N-EH1 T-W-ER2 K-AO1-R S-AA1 R-IY0 DH-AH0 N-EY1-M K-OY1-N N-EH1 T-W-ER2-K


and now nobody else can register it for some period of days.

AH0-N D-N-AW1 N-OW1 B-AA2 D-IY2 EH1-L-S K-AE1 N-R-EH1 JH-IH0-S T-ER0 IH1-T F-AO1-R S-AH1-M P-IH1 R-IY0 AH0 D-AH1-V D-EY1-Z


stop it, and then you would put in their ip address as well, so that if somebody wants to-

S-T-AA1 P-IH1 T-AH0-N-D DH-EH1 N-Y-UW1 W-UH1-D P-UH1 T-IH0-N DH-EH1 R-IH1 P-AE1 D-R-EH2 S-AE1 Z-W-EH1-L S-OW1 DH-AE1 T-IH1-F S-AH1-M B-AA2 D-IY0 W-AA1-N-T-S T-UW1


go to that website, they don't have to rely on a certificate authority, or a dns server, or something like that, but they can-

G-OW1 T-UW1 DH-AE1 T-W-EH1-B S-AY2-T DH-EY1 D-AA1-N-T HH-AE1-V T-UW1 R-IH0 L-AY1 AA1 N-AH0 S-ER0 T-IH1 F-IH0 K-EY2 T-AH0 TH-AO1 R-AH0 T-IY0 AO1 R-AH0 D-IY1 EH1-N S-IY1 S-ER1 V-ER0 AO1-R S-AH1-M TH-IH0 NG-L-AY1-K DH-AE1-T B-AH1-T DH-EY1 K-AE1-N


they can replace both of those systems that we just discussed. putting in the ip address into that transaction, replaces dns.

DH-EY1 K-AE1 N-R-IY2 P-L-EY1-S B-OW1 TH-AH1-V DH-OW1-Z S-IH1-S T-AH0-M-Z DH-AE1 T-W-IY1 JH-AH1-S-T D-IH0-S K-AH1-S-T P-AH1 T-IH0 NG-IH0-N DH-AH0 IH1 P-AE1 D-R-EH2 S-IH0-N T-UW1 DH-AE1-T T-R-AE0-N Z-AE1-K SH-AH0 N-R-IH0 P-L-EY1 S-IH0-Z D-IY1 EH1-N S-IY1


is kind of the same problem with bitcoin.

IH1-Z K-AY1-N D-AH1-V DH-AH0 S-EY1-M P-R-AA1 B-L-AH0 M-W-IH1-DH B-IH1-T K-AH0-N


and what we started out with, with dns chain, was doing something very simple.

AH0-N D-W-AH1 T-W-IY1-S T-AA1-R T-AH0 D-AW1 T-W-IH1 DH-W-IH1-DH D-IY1 EH1-N S-IY1 CH-EY1 N-W-AA1-Z D-UW1 IH0-NG S-AH1-M TH-IH0-NG V-EH1 R-IY0 S-IH1-M P-AH0-L


and the way we're going to secure it, is we're going to-

AH0-N-D DH-AH0 W-EY1 W-ER0 G-OW1 IH0-NG T-UW1 S-IH0 K-Y-UH1 R-IH1 T-IH1 Z-W-ER0 G-OW1 IH0-NG T-UW1


this works fairly well, but it doesn't work well for people who don't have that.

DH-IH1 S-W-ER1-K-S F-EH1-R L-IY0 W-EH1-L B-AH1 T-IH1-T D-OW1 S-AH0-N T-W-ER1 K-W-EH1-L F-AO1-R P-IY1 P-AH0-L HH-UW1 D-AA1-N-T HH-AE1-V DH-AE1-T


and that's kind of like our future direction with this project-

AH0-N-D TH-AE1-T-S K-AY1-N D-AH1 V-L-AY1 K-AW1 ER0 F-Y-UW1 CH-ER0 D-ER0 EH1-K SH-AH0 N-W-IH1-DH DH-IH1-S P-R-AA1 JH-EH0-K-T


is the development of something called thin client protocols.

IH1-Z DH-AH0 D-IH0 V-EH1 L-AH0 P-M-AH0-N T-AH1-V S-AH1-M TH-IH0-NG K-AO1-L-D TH-IH1-N K-L-AY1 AH0-N-T P-R-OW1 T-AH0 K-AO2-L-Z


so this is something that bitcoin has as well.

S-OW1 DH-IH1 S-IH1-Z S-AH1-M TH-IH0-NG DH-AE1-T B-IH1-T K-AH0-N HH-AE1 Z-AE1 Z-W-EH1-L


will be wallets that support something called spv.

W-IH1-L B-IY1 W-AO1 L-AH0-T-S DH-AE1-T S-AH0 P-AO1-R-T S-AH1-M TH-IH0-NG K-AO1-L-D-S P-IY1 V-IY1


of a blockchain. so you can think of it as short-term memory.

AH1 V-AH0 B-L-AA1-K HH-EY2-N S-OW1 Y-UW1 K-AE1-N TH-IH1-NG K-AH1 V-IH1 T-AE1-Z SH-AO1-R-T T-ER2-M M-EH1 M-ER0 IY0


is that in the future, people-

IH1-Z DH-AE1 T-IH0-N DH-AH0 F-Y-UW1 CH-ER0 P-IY1 P-AH0-L


well, it could work either way.

W-EH1 L-IH1-T K-UH1 D-W-ER1 K-IY1 DH-ER0 W-EY1


a protocol that the dns chain server speaks, or a protocol that full nodes.

AH0 P-R-OW1 T-AH0 K-AA2-L DH-AE1-T DH-AH0 D-IY1 EH1-N S-IY1 CH-EY1-N S-ER1 V-ER0-S P-IY1-K S-AO1 R-AH0 P-R-OW1 T-AH0 K-AA2-L DH-AE1-T F-UH1-L N-OW1-D-Z


it's irrelevant stuff. what about the issue of handling private keys here, right? because one of the big challenges, and i think we even see that with bitcoin-

IH1-T S-IH0 R-EH1 L-AH0 V-AH0-N-T-S T-AH1 F-W-AH1 T-AH0 B-AW1-T DH-AH0 IH1 SH-UW0 AH1-V HH-AE1-N D-L-IH0-NG P-R-AY1 V-AH0-T K-IY1-Z HH-IY1-R R-AY1-T B-IH0 K-AO1 Z-W-AH1 N-AH1-V DH-AH0 B-IH1-G CH-AE1 L-AH0-N JH-IH0 Z-AH0-N D-AY1 TH-IH1-NG K-W-IY1 IY1 V-IH0-N S-IY1 DH-AE1 T-W-IH1-DH B-IH1-T K-AH0-N


to a key that they own, and then you've suddenly lost your domain name.

T-UW1 AH0 K-IY1 DH-AE1-T DH-EY1 OW1 N-AH0-N-D DH-EH1 N-Y-UW1-V S-AH1 D-AH0 N-L-IY0 L-AO1-S T-Y-AO1-R D-OW0 M-EY1-N N-EY1-M


it perhaps could act as a second-

IH1-T P-ER0 HH-AE1-P-S K-UH1 D-AE1-K T-AE1 Z-AH0 S-EH1 K-AH0-N-D


is splitting up your identity.

IH1-Z-S P-L-IH1 T-IH0 NG-AH1 P-Y-AO1 R-AY0 D-EH1-N T-AH0 T-IY0


isn't that so big of a risk to essentially prevent that from happening?

IH1 S-AH0-N-T DH-AE1-T S-OW1 B-IH1 G-AH1 V-AH0 R-IH1-S-K T-UW1 IH0 S-EH1-N SH-AH0 L-IY0 P-R-IH0 V-EH1-N-T DH-AE1-T F-R-AH1-M HH-AE1 P-AH0 N-IH0-NG


blockchain world. they can, and sometimes do, lose their identity in today's world as well.

B-L-AA1-K HH-EY2 N-W-ER1-L-D DH-EY1 K-AE1 N-AH0-N-D S-AH0-M T-AY1-M-Z D-UW1 L-UW1-Z DH-EH1 R-AY0 D-EH1-N T-AH0 T-IY0 IH0-N T-AH0 D-EY1 Z-W-ER1-L D-AE1 Z-W-EH1-L


so it's possible to create a system where, if google were to lose its keys-

S-OW1 IH1-T-S P-AA1 S-AH0 B-AH0-L T-UW1 K-R-IY0 EY1 T-AH0 S-IH1-S T-AH0 M-W-EH1 R-IH1-F G-UW1 G-AH0 L-W-ER0 T-UW1 L-UW1 Z-IH1-T-S K-IY1-Z


so it's possible, i'm fairly certain it's possible to reintroduce today's existing system.

S-OW1 IH1-T-S P-AA1 S-AH0 B-AH0 L-IH1-M F-EH1-R L-IY0 S-ER1 T-AH0 N-IH1-T-S P-AA1 S-AH0 B-AH0-L T-UW1 R-IY0 IH0-N T-R-AH0 D-UW1-S T-AH0 D-EY1 Z-IH0-G Z-IH1-S T-IH0-NG S-IH1-S T-AH0-M


but i'm guessing that it's probably possible.

B-AH1 T-IH1-M G-EH1 S-IH0-NG DH-AE1 T-IH1-T-S P-R-AA1 B-AH0 B-L-IY0 P-AA1 S-AH0 B-AH0-L


being introduced now in mobile phones, the idea.

B-IY1 IH0 NG-IH2-N T-R-AH0 D-UW1-S T-N-AW1 IH0-N M-OW1 B-AH0-L F-OW1-N-Z DH-AH0 AY0 D-IY1 AH0


public private key cryptography for everyone to have access to.

P-AH1 B-L-IH0-K P-R-AY1 V-AH0-T K-IY1 K-R-IH1-P T-AH0 G-R-AE2 F-IY0 F-AO1 R-EH1 V-R-IY0 W-AH2-N T-UW1 HH-AE1 V-AE1-K S-EH2-S T-UW1


well, i think, on this to-

W-EH1 L-AY1 TH-IH1-NG K-AA1-N DH-IH1-S T-UW1


they are a company, a nonprofit that specializes in secure communication applications.

DH-EY1 AA1 R-AH0 K-AH1-M P-AH0 N-IY0 AH0 N-AA0-N P-R-AA1 F-AH0-T DH-AE1-T-S P-EH1 SH-AH0 L-AY2 Z-AH0 Z-IH0-N S-IH0 K-Y-UH1-R K-AH0 M-Y-UW2 N-AH0 K-EY1 SH-AH0 N-AE2 P-L-AH0 K-EY1 SH-AH0-N-Z


applications are actually signals on android is two.

AE2 P-L-AH0 K-EY1 SH-AH0-N Z-AA1 R-AE1-K CH-AH0 W-AH0 L-IY0 S-IH1 G-N-AH0-L Z-AA1 N-AE1-N D-R-OY2 D-IH1-Z T-UW1


because for one of our,

B-IH0 K-AO1-Z F-AO1 R-W-AH1 N-AH1 V-AW1 ER0


interests in namecoin was developing a secure messenger.

IH1-N T-R-AH0-S-T S-IH0-N N-AE1 M-IH0 K-AW2 N-W-AA1-Z D-IH0 V-EH1 L-AH0 P-IH0 NG-AH0 S-IH0 K-Y-UH1-R M-EH1 S-AH0-N JH-ER0


in a way that facebook could not read and you could do it in a way that didn't involve you messing with any keys.

IH0 N-AH0 W-EY1 DH-AE1-T F-EY1-S B-UH2-K K-UH1 D-N-AA1 T-R-EH1 D-AH0-N D-Y-UW1 K-UH1-D D-UW1 IH1 T-IH0 N-AH0 W-EY1 DH-AE1-T D-IH1 D-AH0-N T-IH0-N V-AA1-L V-Y-UW1 M-EH1 S-IH0 NG-W-IH1 DH-EH1 N-IY0 K-IY1-Z


and then somehow verify and make sure that you got the right public key for that person and not a mistaken one.

AH0-N-D DH-EH1-N S-AH1-M HH-AW2 V-EH1 R-AH0 F-AY2 AH0-N D-M-EY1-K SH-UH1-R DH-AE1 T-Y-UW1 G-AA1-T DH-AH0 R-AY1-T P-AH1 B-L-IH0-K K-IY1 F-AO1-R DH-AE1-T P-ER1 S-AH0 N-AH0-N D-N-AA1 T-AH0 M-IH0-S T-EY1 K-AH0 N-W-AH1-N


okay. so again, i think this is composing.

OW2 K-EY1 S-OW1 AH0 G-EH1 N-AY1 TH-IH1-NG-K DH-IH1 S-IH1-Z K-AH0-M P-OW1 Z-IH0-NG


the revision of an internet that looks different and of communication that works in a different way. and even if i agreed that...

DH-AH0 R-IY0 V-IH1 ZH-AH0 N-AH1 V-AE1 N-IH1-N T-ER0 N-EH2-T DH-AE1 T-L-UH1-K-S D-IH1 F-ER0 AH0-N T-AH0-N D-AH1-V K-AH0 M-Y-UW2 N-AH0 K-EY1 SH-AH0-N DH-AE1 T-W-ER1-K S-IH0 N-AH0 D-IH1 F-ER0 AH0-N T-W-EY1 AH0-N D-IY1 V-IH0 N-IH1 F-AY1 AH0 G-R-IY1-D DH-AE1-T


from a user experience point of view.

F-R-AH1 M-AH0 Y-UW1 Z-ER0 IH0-K-S P-IH1 R-IY0 AH0-N-S P-OY1-N T-AH1-V V-Y-UW1


big businesses, enterprises that need to secure their systems, in a way that's simple for them to manage.

B-IH1-G B-IH1 Z-N-AH0 S-AH0 Z-EH1-N T-ER0 P-R-AY2 Z-IH0-Z DH-AE1 T-N-IY1-D T-UW1 S-IH0 K-Y-UH1-R DH-EH1-R S-IH1-S T-AH0-M Z-IH0 N-AH0 W-EY1 TH-AE1-T-S S-IH1-M P-AH0-L F-AO1-R DH-EH1-M T-UW1 M-AE1 N-AH0-JH


let's go onto the foundation that you co-founded, okturtles.

L-EH1-T-S G-OW1 AA1-N T-UW0 DH-AH0 F-AW0-N D-EY1 SH-AH0-N DH-AE1 T-Y-UW1 K-AH0 F-AW1-N D-AH0 D-AA1-K T-ER0-T-S


when she heard the name okturtles and heard about the project, it meant.

W-EH1-N SH-IY1 HH-ER1-D DH-AH0 N-EY1 M-AA1-K T-ER0-T S-AH0-N-D HH-ER1 D-AH0 B-AW1-T DH-AH0 P-R-AA1 JH-EH0-K T-IH1 T-M-EH1-N-T


so that word, beneficial.

S-OW1 DH-AE1 T-W-ER1-D B-EH2 N-AH0 F-IH1 SH-AH0-L


these systems are beneficial.are you working full time on this? and this is there...

DH-IY1-Z S-IH1-S T-AH0-M Z-AA1-R B-EH2 N-AH0 F-AH0 SH-IH1 R-AH0 L-Y-UW1 W-ER1 K-IH0-NG F-UH1-L T-AY1 M-AA1-N DH-IH1 S-AH0-N-D DH-IH1 S-IH1-Z DH-EH1-R


i started working on dns chain back in 2013.

AY1-S T-AA1-R T-AH0 D-W-ER1 K-IH0 NG-AA1-N D-IY1 EH1-N S-IY1 CH-EY1-N B-AE1 K-IH0-N T-W-EH1-N T-IY0 TH-ER1 T-IY1-N


as part of my senior project.

AE1-Z P-AA1-R T-AH1 V-M-AY1 S-IY1 N-Y-ER0 P-R-AA1 JH-EH0-K-T


but, you know, i was being a bit critical before we got into the private key security.

B-AH1 T-Y-UW1 N-OW1 AY1 W-AA1-Z B-IY1 IH0 NG-AH0 B-IH1-T K-R-IH1 T-IH0 K-AH0-L B-IH0 F-AO1 R-W-IY1 G-AA1 T-IH0-N T-UW1 DH-AH0 P-R-AY1 V-AH0-T K-IY1 S-IH0 K-Y-UH1 R-AH0 T-IY0


of course, it's a problem bitcoin also has, right? and i think it's a problem that will be solved, right? because there are so many ways of.

AH1-V K-AO1-R S-IH1-T S-AH0 P-R-AA1 B-L-AH0-M B-IH1-T K-AH0 N-AO1-L S-OW0 HH-AE1 Z-R-AY1 T-AH0-N D-AY1 TH-IH1-NG K-IH1-T S-AH0 P-R-AA1 B-L-AH0-M DH-AE1 T-W-IH1-L B-IY1 S-AA1-L-V D-R-AY1-T B-IH0 K-AO1-Z DH-EH1 R-AA1-R S-OW1 M-EH1 N-IY0 W-EY1 Z-AH1-V


has a really, really compelling vision. and it's exciting what you guys are working on.

HH-AE1 Z-AH0 R-IH1 L-IY0 R-IH1 L-IY0 K-AH0-M P-EH1 L-IH0-NG V-IH1 ZH-AH0 N-AH0-N D-IH1-T S-IH0-K S-AY1 T-IH0 NG-W-AH1 T-Y-UW1 G-AY1 Z-AA1 R-W-ER1 K-IH0 NG-AA1-N


i mean, i know you guys are working on this browser extension.

AY1 M-IY1 N-AY1 N-OW1 Y-UW1 G-AY1 Z-AA1 R-W-ER1 K-IH0 NG-AA1-N DH-IH1-S B-R-AW1 Z-ER0 IH0-K-S T-EH1-N SH-AH0-N


what can we expect to see in the next months and maybe years?

W-AH1-T K-AE1 N-W-IY1 IH0-K-S P-EH1-K-T T-UW1 S-IY1 IH0-N DH-AH0 N-EH1-K-S T-M-AH1-N-TH S-AH0-N D-M-EY1 B-IY0 Y-IH1-R-Z


and it's a very important piece of software, but now we kind-

AH0-N D-IH1-T S-AH0 V-EH1 R-IY0 IH0-M P-AO1-R T-AH0-N-T P-IY1 S-AH1-V S-AO1-F T-W-EH2-R B-AH1 T-N-AW1 W-IY1 K-AY1-N-D


if you're trusting a company to store your keys.

IH1 F-Y-UH1-R T-R-AH1-S T-IH0 NG-AH0 K-AH1-M P-AH0 N-IY0 T-UW1-S T-AO1 R-Y-AO1-R K-IY1-Z


for you, you're making a huge mistake because-

F-AO1 R-Y-UW1 Y-UH1-R M-EY1 K-IH0 NG-AH0 HH-Y-UW1 JH-M-IH0-S T-EY1-K B-IH0 K-AO1-Z


the more successful a company gets-

DH-AH0 M-AO1-R S-AH0-K S-EH1-S F-AH0 L-AH0 K-AH1-M P-AH0 N-IY0 G-EH1-T-S


the bigger the payoff is, for actually hacking them.

DH-AH0 B-IH1 G-ER0 DH-AH0 P-EY1 AO2 F-IH1-Z F-AO1 R-AE1-K CH-AH0 W-AH0 L-IY0 HH-AE1 K-IH0-NG DH-EH1-M


your way and think clients are a great way to do that.

Y-AO1 R-W-EY1 AH0-N-D TH-IH1-NG-K K-L-AY1 AH0-N-T S-AA1 R-AH0 G-R-EY1 T-W-EY1 T-UW1 D-UW1 DH-AE1-T


so i sent them an email shortly after reading that post, asking if you needed help with it.

S-OW1 AY1 S-EH1-N-T DH-EH1 M-AE1 N-IY0 M-EY1-L SH-AO1-R T-L-IY0 AE1-F T-ER0 R-EH1 D-IH0-NG DH-AE1-T P-OW1-S T-AE1-S K-IH0 NG-IH1 F-Y-UW1 N-IY1 D-AH0-D HH-EH1-L P-W-IH1 DH-IH1-T


being pursued by a prosecutor, coincidentally, the same prosecutor who had pursued a close friend of mine, john james.

B-IY1 IH0-NG P-ER0 S-UW1-D B-AY1 AH0 P-R-AA1 S-IH0 K-Y-UW2 T-ER0 K-OW0 IH2-N S-IH0 D-EH1-N T-AH0 L-IY0 DH-AH0 S-EY1-M P-R-AA1 S-IH0 K-Y-UW2 T-ER0 HH-UW1 HH-AE1-D P-ER0 S-UW1 D-AH0 K-L-OW1-S F-R-EH1-N D-AH1 V-M-AY1-N JH-AA1-N JH-EY1-M-Z


and i think it's an extremely exciting project to work on. and, i really hope.

AH0-N D-AY1 TH-IH1-NG K-IH1-T S-AE1 N-IH0-K-S T-R-IY1 M-L-IY0 IH0-K S-AY1 T-IH0-NG P-R-AA1 JH-EH0-K-T T-UW1 W-ER1 K-AA1 N-AH0-N D-AY1 R-IH1 L-IY0 HH-OW1-P


they can get in touch with you and-

DH-EY1 K-AE1-N G-EH1 T-IH0-N T-AH1 CH-W-IH1 DH-Y-UW1 AH0-N-D


people want to get a bit deeper into the technical aspects of this.

P-IY1 P-AH0 L-W-AA1-N-T T-UW1 G-EH1 T-AH0 B-IH1-T D-IY1 P-ER0 IH0-N T-UW1 DH-AH0 T-EH1 K-N-IH0 K-AH0 L-AE1-S P-EH2-K-T S-AH1-V DH-IH1-S


yeah, please follow okturtles on twitter.

Y-AE1 P-L-IY1-Z F-AA1 L-OW0 AA1-K T-ER0-T S-AA1-N T-W-IH1 T-ER0


thanks so much for coming on greg and thanks to our listeners for joining us. so...

TH-AE1-NG-K-S S-OW1 M-AH1-CH F-AO1-R K-AH1 M-IH0 NG-AA1-N G-R-EH1 G-AH0-N-D TH-AE1-NG-K-S T-UW1 AW1 ER0 L-IH1 S-AH0 N-ER0-Z F-AO1-R JH-OY1 N-IH0 NG-AH1-S S-OW1


do you guys want to just come in the front? cause it's too-

D-UW1 Y-UW1 G-AY1 Z-W-AA1-N-T T-UW1 JH-AH1-S-T K-AH1 M-IH0-N DH-AH0 F-R-AH1-N-T K-AA1 Z-IH1-T-S T-UW1


the vip guys don't care, they're not even here.

DH-AH0 V-IH1-P G-AY1-Z D-AA1-N-T K-EH1-R TH-EH1-R N-AA1 T-IY1 V-IH0-N HH-IY1-R


yeah, just remove the barrier and just come on.

Y-AE1 JH-AH1-S T-R-IY0 M-UW1-V DH-AH0 B-AE1 R-IY0 ER0 AH0-N-D JH-AH1-S-T K-AH1 M-AA1-N


is that okay?


so how many of you here are aware, or know about ubi or at least have heard about it?

S-OW1 HH-AW1 M-EH1 N-IY0 AH1 V-Y-UW1 HH-IY1 R-AA1 R-AH0 W-EH1 R-AO1-R N-OW1 AH0 B-AW1 T-UW1 B-IY0 AO1 R-AE1 T-L-IY1-S-T HH-AE1-V HH-ER1 D-AH0 B-AW1 T-IH1-T


who wants to ask scott a few questions on that?

HH-UW1 W-AA1-N-T-S T-UW1 AE1-S-K-S K-AA1 T-AH0 F-Y-UW1 K-W-EH1-S CH-AH0-N Z-AA1-N DH-AE1-T


got it. so this ended more or less like social security,

G-AA1 T-IH1-T S-OW1 DH-IH1 S-EH1-N D-AH0 D-M-AO1 R-AO1-R L-EH1 S-L-AY1-K S-OW1 SH-AH0-L S-IH0 K-Y-UH1 R-AH0 T-IY0


well, yeah, social security is essentially a form of basic income with an age requirement.

W-EH1 L-Y-AE1 S-OW1 SH-AH0-L S-IH0 K-Y-UH1 R-AH0 T-IY0 IH1 Z-IH0 S-EH1-N SH-AH0 L-IY0 AH0 F-AO1-R M-AH1-V B-EY1 S-IH0 K-IH1-N K-AH2 M-W-IH1 DH-AE1 N-EY1 JH-R-IH0 K-W-AY1-R M-AH0-N-T


and there's also the big variance-

AH0-N-D DH-EH1-R Z-AO1-L S-OW0 DH-AH0 B-IH1-G V-EH1 R-IY0 AH0-N-S


care work at home, then they're not able to put away as much income through employment so that after retirement-

K-EH1 R-W-ER1 K-AE1-T HH-OW1-M DH-EH1-N TH-EH1-R N-AA1 T-EY1 B-AH0-L T-UW1 P-UH1 T-AH0 W-EY1 AE1 Z-M-AH1 CH-IH1-N K-AH2-M TH-R-UW1 EH0-M P-L-OY1 M-AH0-N-T S-OW1 DH-AE1 T-AE1-F T-ER0 R-IY0 T-AY1 ER0 M-AH0-N-T


up to like say $3,000, which is pretty much the maximum-

AH1-P T-UW1 L-AY1-K S-EY1 TH-R-IY1 TH-AW1 Z-AH0-N-D D-AA1 L-ER0 Z-W-IH1 CH-IH1-Z P-R-IH1 T-IY0 M-AH1-CH DH-AH0 M-AE1-K S-AH0 M-AH0-M


group, voluntary income, if i'm correct.yeah. that's correct.

G-R-UW1-P V-AA1 L-AH0-N T-EH0 R-IY0 IH1-N K-AH2 M-IH1 F-IH1-M K-ER0 EH2-K T-IY1 SH-AH0 TH-AE1-T-S K-ER0 EH1-K-T


established, legislated and operated program before an entire country.

IH0-S T-AE1 B-L-IH0-SH T-L-EH1 JH-AH0 S-L-EY2 T-AH0 D-AH0-N D-AA1 P-ER0 EY2 T-AH0-D P-R-OW1 G-R-AE2-M B-IH0 F-AO1 R-AE1 N-IH0-N T-AY1 ER0 K-AH1-N T-R-IY0


so the safety net is not triggered, it's always-

S-OW1 DH-AH0 S-EY1-F T-IY0 N-EH1 T-IH1 Z-N-AA1-T T-R-IH1 G-ER0 D-IH1-T S-AO1 L-W-EY2-Z


there, the idea is that as long as the group has-

DH-EH1-R DH-AH0 AY0 D-IY1 AH0 IH1-Z DH-AE1 T-AE1 Z-L-AO1 NG-AE1-Z DH-AH0 G-R-UW1-P HH-AE1-Z


this minimum amount, which we call a mincome because it might be smaller than a basic income.

DH-IH1 S-M-IH1 N-AH0 M-AH0 M-AH0 M-AW1-N T-W-IH1 CH-W-IY1 K-AO1 L-AH0 M-IH1-N K-AH2-M B-IH0 K-AO1 Z-IH1 T-M-AY1-T B-IY1 S-M-AO1 L-ER0 DH-AE1 N-AH0 B-EY1 S-IH0 K-IH1-N K-AH2-M


it's up to the group to decide what that value is. for example, the group-

IH1-T S-AH1-P T-UW1 DH-AH0 G-R-UW1-P T-UW1 D-IH0 S-AY1 D-W-AH1-T DH-AE1-T V-AE1 L-Y-UW0 IH1-Z F-AO1 R-IH0-G Z-AE1-M P-AH0-L DH-AH0 G-R-UW1-P


who's making less than the mincome and above the line is everybody who's-

HH-UW1 Z-M-EY1 K-IH0 NG-L-EH1-S DH-AE1-N DH-AH0 M-IH1-N K-AH2 M-AH0-N D-AH0 B-AH1-V DH-AH0 L-AY1 N-IH1 Z-EH1 V-R-IY0 B-AA2 D-IY0 HH-UW1-Z


and based on that.


because one of the reasons why a lot of people are here is because of tokens and cryptocurrency and all this other stuff. and i noticed just-

B-IH0 K-AO1 Z-W-AH1 N-AH1-V DH-AH0 R-IY1 Z-AH0-N Z-W-AY1 AH0 L-AA1 T-AH1-V P-IY1 P-AH0 L-AA1-R HH-IY1 R-IH1-Z B-IH0 K-AO1 Z-AH1-V T-OW1 K-AH0-N Z-AH0-N-D K-R-IH1 P-AH0 K-Y-AH0 N-ER0 SH-IY0 AH0-N D-AO1-L DH-IH1 S-AH1 DH-ER0-S T-AH1 F-AH0-N D-AY1 N-OW1 T-AH0-S-T JH-AH1-S-T


but we should have the freedom to do what we can, would like-

B-AH1 T-W-IY1 SH-UH1-D HH-AE1-V DH-AH0 F-R-IY1 D-AH0-M T-UW1 D-UW1 W-AH1 T-W-IY1 K-AE1 N-W-UH1 D-L-AY1-K


effectively. yeah, sure. although there could still be bills that you might be paying. the idea of basic income is-

IH0 F-EH1-K T-IH0 V-L-IY0 Y-AE1 SH-UH1 R-AO2-L DH-OW1 DH-EH1-R K-UH1-D-S T-IH1-L B-IY1 B-IH1-L-Z DH-AE1 T-Y-UW1 M-AY1-T B-IY1 P-EY1 IH0-NG DH-AH0 AY0 D-IY1 AH0 AH1-V B-EY1 S-IH0 K-IH1-N K-AH2 M-IH1-Z


just sort of the basics, covering the basics. it's not going to get you-

JH-AH1-S-T S-AO1-R T-AH1-V DH-AH0 B-EY1 S-IH0-K-S K-AH1 V-ER0 IH0-NG DH-AH0 B-EY1 S-IH0-K S-IH1-T S-N-AA1-T G-OW1 IH0-NG T-UW1 G-EH1 T-Y-UW1


and it just opens up that possibility to actually do so much more.

AH0-N D-IH1-T JH-AH1-S T-OW1 P-AH0-N Z-AH1-P DH-AE1-T P-AA2 S-AH0 B-IH1 L-AH0 T-IY0 T-UW1 AE1-K CH-AH0 W-AH0 L-IY0 D-UW1 S-OW1 M-AH1 CH-M-AO1-R


why is it not tape or is there a moment behind it?

W-AY1 IH1 Z-IH1 T-N-AA1-T T-EY1 P-AO1 R-IH1-Z DH-EH1 R-AH0 M-OW1 M-AH0-N-T B-IH0 HH-AY1-N D-IH1-T


us is looking at those from an automation perspective,

AH1 S-IH1 Z-L-UH1 K-IH0 NG-AE1-T DH-OW1-Z F-R-AH1 M-AE1 N-AO0 T-AH0 M-EY1 SH-AH0-N P-ER0-S P-EH1-K T-IH0-V


where the existing system actually-

W-EH1-R DH-AH0 IH0-G Z-IH1-S T-IH0-NG S-IH1-S T-AH0 M-AE1-K CH-AH0 W-AH0 L-IY0


it allows people to actually go to and from work.

IH1 T-AH0 L-AW1-Z P-IY1 P-AH0-L T-UW1 AE1-K CH-AH0 W-AH0 L-IY0 G-OW1 T-UW1 AH0-N-D F-R-AH1 M-W-ER1-K


they keep it. and so that's the way they're looking at it. and that's one-

DH-EY1 K-IY1 P-IH1 T-AH0-N-D S-OW1 TH-AE1-T-S DH-AH0 W-EY1 TH-EH1-R L-UH1 K-IH0 NG-AE1 T-IH1 T-AH0-N-D TH-AE1-T S-W-AH1-N


automate it. how did this arrive during that time? and how is the automation that's going to hit us now.

AO1 T-AH0 M-EY2 T-IH1-T HH-AW1 D-IH1-D DH-IH1 S-ER0 AY1-V D-UH1 R-IH0-NG DH-AE1-T T-AY1 M-AH0-N-D HH-AW1 IH1-Z DH-AH0 AO0 T-AH0 M-EY1 SH-AH0-N TH-AE1-T-S G-OW1 IH0-NG T-UW1 HH-IH1 T-AH1 S-N-AW1


in those positions? and why should we care about it now?

IH0-N DH-OW1-Z P-AH0 Z-IH1 SH-AH0-N Z-AH0-N D-W-AY1 SH-UH1 D-W-IY1 K-EH1 R-AH0 B-AW1 T-IH1 T-N-AW1


manufacturing, to service sector work.

M-AE2 N-Y-AH0 F-AE1-K CH-ER0 IH0-NG T-UW1 S-ER1 V-AH0-S S-EH1-K T-ER0 W-ER1-K


and before that, it was from agriculture to manufacturing.

AH0-N-D B-IH0 F-AO1-R DH-AE1 T-IH1 T-W-AA1-Z F-R-AH1 M-AE1 G-R-IH0 K-AH2-L CH-ER0 T-UW1 M-AE2 N-Y-AH0 F-AE1-K CH-ER0 IH0-NG


so if you look at say, truck driving, is a really good example in the us.

S-OW1 IH1 F-Y-UW1 L-UH1 K-AE1-T S-EY1 T-R-AH1-K D-R-AY1 V-IH0 NG-IH1 Z-AH0 R-IH1 L-IY0 G-UH1 D-IH0-G Z-AE1-M P-AH0 L-IH0-N DH-AH0 AH1-S


and this is something with millions of people who actually have this as their job. and it's an eco-

AH0-N-D DH-IH1 S-IH1-Z S-AH1-M TH-IH0 NG-W-IH1 DH-M-IH1 L-Y-AH0-N Z-AH1-V P-IY1 P-AH0-L HH-UW1 AE1-K CH-AH0 W-AH0 L-IY0 HH-AE1-V DH-IH1 S-AE1-Z DH-EH1-R JH-AA1 B-AH0-N D-IH1-T S-AE1 N-IY1 K-OW0


system where other people's incomes depend on the existence of truck drivers. so we're looking up to potentially say 10 million-

S-IH1-S T-AH0 M-W-EH1 R-AH1 DH-ER0 P-IY1 P-AH0-L Z-IH1-N K-AH2-M-Z D-IH0 P-EH1-N D-AA1-N DH-AH0 EH0-G Z-IH1-S T-AH0-N S-AH1-V T-R-AH1-K D-R-AY1 V-ER0-Z S-OW1 W-ER0 L-UH1 K-IH0 NG-AH1-P T-UW1 P-AH0 T-EH1-N SH-AH0 L-IY0 S-EY1 T-EH1-N M-IH1 L-Y-AH0-N


people did survive those previous transitions, i'm sure a lot-

P-IY1 P-AH0-L D-IH1-D S-ER0 V-AY1-V DH-OW1-Z P-R-IY1 V-IY0 AH0-S T-R-AE0-N Z-IH1 SH-AH0-N Z-IH1-M SH-UH1 R-AH0 L-AA1-T


can i just add something to that too? it's really important.

K-AE1 N-AY1 JH-AH1-S T-AE1-D S-AH1-M TH-IH0-NG T-UW1 DH-AE1-T T-UW1 IH1-T S-R-IH1 L-IY0 IH0-M P-AO1-R T-AH0-N-T


you have to look at beyond just the unemployment rate.

Y-UW1 HH-AE1-V T-UW1 L-UH1 K-AE1-T B-IH0 AA1-N-D JH-AH1-S-T DH-AH0 AH2 N-IH0-M P-L-OY1 M-AH0-N T-R-EY1-T


yeah. i would think we're going to see a lot of automation really come in quickly around 2025.

Y-AE1 AY1 W-UH1-D TH-IH1-NG K-W-ER0 G-OW1 IH0-NG T-UW1 S-IY1 AH0 L-AA1 T-AH1 V-AO0 T-AH0 M-EY1 SH-AH0 N-R-IH1 L-IY0 K-AH1 M-IH0-N K-W-IH1 K-L-IY0 ER0 AW1-N-D T-W-EH1-N T-IY0 T-W-EH1-N T-IY0 F-AY1-V


seeing the introductions of this.

S-IY1 IH0-NG DH-AH0 IH2-N T-R-AH0 D-AH1-K SH-AH0-N Z-AH1-V DH-IH1-S


and actually, blockchain itself as part of this as well. there's a lot-

AH0-N D-AE1-K CH-AH0 W-AH0 L-IY0 B-L-AA1-K HH-EY2 N-IH0-T S-EH1-L F-AE1-Z P-AA1-R T-AH1-V DH-IH1 S-AE1 Z-W-EH1-L DH-EH1-R Z-AH0 L-AA1-T


got it. and greg, you're already working on this. so how is blockchain also going to, in other words, help us.

G-AA1 T-IH1 T-AH0-N-D G-R-EH1 G-Y-UH1 R-AO0-L R-EH1 D-IY0 W-ER1 K-IH0 NG-AA1-N DH-IH1-S S-OW1 HH-AW1 IH1-Z B-L-AA1-K HH-EY2 N-AO1-L S-OW0 G-OW1 IH0-NG T-UW1 IH0 N-AH1 DH-ER0 W-ER1-D-Z HH-EH1-L P-AH1-S


but i consider it to be the correct way of writing software that interacts with the internet, in a secure way.

B-AH1 T-AY1 K-AH0-N S-IH1 D-ER0 IH1-T T-UW1 B-IY1 DH-AH0 K-ER0 EH1-K T-W-EY1 AH1 V-R-AY1 T-IH0-NG S-AO1-F T-W-EH2-R DH-AE1 T-IH2-N T-ER0 AE1-K-T S-W-IH1-DH DH-AH0 IH1-N T-ER0 N-EH2 T-IH0 N-AH0 S-IH0 K-Y-UH1 R-W-EY1


and so the work that i'm doing with group income simply utilizes blockchain's because it deals with the internet.

AH0-N-D S-OW1 DH-AH0 W-ER1-K DH-AE1 T-IH1-M D-UW1 IH0 NG-W-IH1-DH G-R-UW1 P-IH1-N K-AH2-M S-IH1-M P-L-IY0 Y-UW1 T-AH0 L-AY2 Z-IH0-Z B-L-AA1 K-AH0 N-AY2-Z B-IH0 K-AO1 Z-IH1-T D-IY1-L Z-W-IH1-DH DH-AH0 IH1-N T-ER0 N-EH2-T


basic income in so many different kinds of ways, and-

B-EY1 S-IH0 K-IH1-N K-AH2 M-IH0-N S-OW1 M-EH1 N-IY0 D-IH1 F-ER0 AH0-N-T K-AY1-N-D Z-AH1 V-W-EY1 Z-AH0-N-D


any cryptocurrency and any fiat system as well.

EH1 N-IY0 K-R-IH1 P-AH0 K-Y-AH0 N-ER0 SH-IY0 AH0-N D-EH1 N-IY0 F-AY1 AE0-T S-IH1-S T-AH0 M-AE1 Z-W-EH1-L


under nixon. so this is something that we could have done for a long time. the question is-

AH1-N D-ER0 N-IH1-K S-AH0-N S-OW1 DH-IH1 S-IH1-Z S-AH1-M TH-IH0-NG DH-AE1 T-W-IY1 K-UH1-D HH-AE1-V D-AH1-N F-AO1 R-AH0 L-AO1-NG T-AY1-M DH-AH0 K-W-EH1-S CH-AH0 N-IH1-Z


really support the idea and strongly.

R-IH1 L-IY0 S-AH0 P-AO1-R-T DH-AH0 AY0 D-IY1 AH0 AH0-N-D-S T-R-AO1 NG-L-IY0


i think that actually aid, and people wanting to use these systems that could accelerate it.

AY1 TH-IH1-NG-K DH-AE1 T-AE1-K CH-AH0 W-AH0 L-IY0 EY1 D-AH0-N-D P-IY1 P-AH0 L-W-AA1-N T-IH0-NG T-UW1 Y-UW1-Z DH-IY1-Z S-IH1-S T-AH0-M-Z DH-AE1-T K-UH1 D-AE0-K S-EH1 L-ER0 EY2 T-IH1-T


mcdonalds this year is automating every single one of their cashiers to kiosks.

M-AH0-K D-AA1 N-AH0-L-D-Z DH-IH1 S-Y-IH1 R-IH1 Z-AO1 T-AH0 M-EY2 T-IH0 NG-EH1 V-ER0 IY0 S-IH1-NG G-AH0 L-W-AH1 N-AH1-V DH-EH1-R K-AE2 SH-IH1-R-Z T-UW1 K-IY1 AO2-S-K-S


ubi, because i think it's important that it's there.

UW1 B-IY0 B-IH0 K-AO1 Z-AY1 TH-IH1-NG K-IH1-T S-IH0-M P-AO1-R T-AH0-N-T DH-AE1 T-IH1-T-S DH-EH1-R


it's not just the undereducated

IH1-T S-N-AA1-T JH-AH1-S-T DH-AH0 AH2-N D-ER0 IH0 D-EH1 K-Y-AH0 T-AH0-D


i think there's actually, and you see this in the numbers.

AY1 TH-IH1-NG-K DH-EH1-R Z-AE1-K CH-AH0 W-AH0 L-IY0 AH0-N D-Y-UW1 S-IY1 DH-IH1 S-IH0-N DH-AH0 N-AH1-M B-ER0-Z


so people, and this makes sense because real wages haven't increased for decades.

S-OW1 P-IY1 P-AH0 L-AH0-N-D DH-IH1 S-M-EY1-K-S S-EH1-N-S B-IH0 K-AO1 Z-R-IY1 L-W-EY1 JH-AH0-Z HH-AE1 V-AH0-N T-IH0-N K-R-IY1-S-T F-AO1-R D-EH0 K-EY1-D-Z


but then people just have less and less to spend on other stuff. and because of that-

B-AH1-T DH-EH1-N P-IY1 P-AH0-L JH-AH1-S-T HH-AE1 V-L-EH1 S-AH0-N D-L-EH1-S T-UW1-S P-EH1-N D-AA1 N-AH1 DH-ER0-S T-AH1 F-AH0-N-D B-IH0 K-AO1 Z-AH1-V DH-AE1-T


if basic income creates customers as-

IH1-F B-EY1 S-IH0 K-IH1-N K-AH2-M K-R-IY0 EY1-T-S K-AH1-S T-AH0 M-ER0 Z-AE1-Z


more people with more money to actually spend into the-

M-AO1-R P-IY1 P-AH0 L-W-IH1 DH-M-AO1-R M-AH1 N-IY0 T-UW1 AE1-K CH-AH0 W-AH0 L-IY0-S P-EH1-N D-IH0-N T-UW1 DH-AH0


other guys. cool. ok.


greg is a longtime colleague of mine and he had some concerns about it, so...

G-R-EH1 G-IH1 Z-AH0 L-AO1-NG T-AY2-M K-AA1 L-IY0 G-AH1 V-M-AY1 N-AH0-N-D HH-IY1 HH-AE1-D S-AH1-M K-AH0-N S-ER1-N Z-AH0 B-AW1 T-IH1-T S-OW1


-new york agreement, also known as segwit2x, and has also the spoken out in support of bit148 in the past.

N-UW1 Y-AO1-R K-AH0 G-R-IY1 M-AH0-N T-AO1-L S-OW0 N-OW1 N-AE1-Z S-EH1 G-W-IH0-T T-UW1 T-AY1-M Z-AH0-N-D HH-AE1 Z-AO1-L S-OW0 DH-AH0-S P-OW1 K-AH0 N-AW1 T-IH0-N S-AH0 P-AO1-R T-AH1-V B-IH1 T-W-AH1-N HH-AH1-N D-R-AH0 D-AH0-N-D F-AO1-R T-IY0 EY1 T-IH0-N DH-AH0 P-AE1-S-T


bitcoin to ethereum, et cetera. and keep an eye on the whole space as a researcher, and also-

B-IH1-T K-AH0-N T-UW1 EH1 TH-R-IY0 AH0 M-EH1-T S-EH1 T-ER0 AH0 AH0-N-D K-IY1 P-AE1 N-AY1 AA1-N DH-AH0 HH-OW1-L-S P-EY1 S-AE1 Z-AH0 R-IY1 S-ER0 CH-ER0 AH0-N D-AO1-L S-OW0


-doing my own work in the area.

D-UW1 IH0-NG M-AY1 OW1 N-W-ER1 K-IH0-N DH-AH0 EH1 R-IY0 AH0


... this was about. and when i looked a little bit closer at it,

DH-IH1 S-W-AA1 Z-AH0 B-AW1 T-AH0-N D-W-EH1 N-AY1 L-UH1-K T-AH0 L-IH1 T-AH0-L B-IH1-T K-L-OW1 S-ER0 AE1 T-IH1-T


i realized that the whole situation...

AY1 R-IY1 L-AY2-Z-D DH-AE1-T DH-AH0 HH-OW1-L S-IH2 CH-UW0 EY1 SH-AH0-N


i'm totally in favor of segwit-

IH1-M T-OW1 T-AH0 L-IY0 IH0-N F-EY1 V-ER0 AH1-V S-EH1 G-W-IH0-T


-being adopted on bitcoin, on the blockchain.

B-IY1 IH0 NG-AH0 D-AA1-P T-AH0 D-AA1-N B-IH1-T K-AH0 N-AA1-N DH-AH0 B-L-AA1-K HH-EY2-N


... about bit148 is-

AH0 B-AW1-T B-IH1 T-W-AH1-N HH-AH1-N D-R-AH0 D-AH0-N-D F-AO1-R T-IY0 EY1 T-IH1-Z


-produced by core. so hat's something that people... that's a very important point. because the entire way that bitcoin works-

P-R-AH0 D-UW1-S-T B-AY1 K-AO1-R S-OW1 HH-AE1-T-S S-AH1-M TH-IH0-NG DH-AE1-T P-IY1 P-AH0-L TH-AE1-T S-AH0 V-EH1 R-IY0 IH0-M P-AO1-R T-AH0-N-T P-OY1-N-T B-IH0 K-AO1-Z DH-AH0 IH0-N T-AY1 ER0 W-EY1 DH-AE1-T B-IH1-T K-AH0 N-W-ER1-K-S


... of well, what do we do when we change the actual protocol of bitcoin? how do we improve?

AH1 V-W-EH1 L-W-AH1-T D-UW1 W-IY1 D-UW1 W-EH1 N-W-IY1 CH-EY1-N-JH DH-AH0 AE1-K CH-AH0 W-AH0-L P-R-OW1 T-AH0 K-AA2 L-AH1-V B-IH1-T K-AH0-N HH-AW1 D-UW1 W-IY1 IH0-M P-R-UW1-V


and we discuss them, and talk-

AH0-N D-W-IY1 D-IH0-S K-AH1-S DH-EH1 M-AH0-N-D T-AO1-K


... repeat the same objection over and over, if it's clearly been technically addressed and it's considered a done matter-

R-IH0 P-IY1-T DH-AH0 S-EY1 M-AH0-B JH-EH1-K SH-AH0 N-OW1 V-ER0 AH0-N D-OW1 V-ER0 IH1 F-IH1-T-S K-L-IH1-R L-IY0 B-IH1-N T-EH1 K-N-IH0 K-AH0 L-IY0 AH0 D-R-EH1-S T-AH0-N D-IH1-T-S K-AH0-N S-IH1 D-ER0 D-AH0 D-AH1-N M-AE1 T-ER0


... let's just... the users have the real power the user-

L-EH1-T-S JH-AH1-S-T DH-AH0 Y-UW1 Z-ER0-Z HH-AE1-V DH-AH0 R-IY1-L P-AW1 ER0 DH-AH0 Y-UW1 Z-ER0


... created by the miners, is not activating segwit and holding the bitcoin blockchain.

K-R-IY0 EY1 T-AH0-D B-AY1 DH-AH0 M-AY1 N-ER0 Z-IH1 Z-N-AA1 T-AE1-K T-AH0 V-EY2 T-IH0-NG S-EH1 G-W-IH0 T-AH0-N-D HH-OW1-L D-IH0-NG DH-AH0 B-IH1-T K-AH0-N B-L-AA1-K HH-EY2-N


all of that frustration can kind of be taken out in the form of this user assistance soft fork.

AO1 L-AH1-V DH-AE1-T F-R-AH0-S T-R-EY1 SH-AH0-N K-AE1-N K-AY1-N D-AH1-V B-IY1 T-EY1 K-AH0 N-AW1 T-IH0-N DH-AH0 F-AO1-R M-AH1-V DH-IH1 S-Y-UW1 Z-ER0 AH0 S-IH1-S T-AH0-N-S S-AA1-F-T F-AO1-R-K


you have to give plenty of time, when dealing with the $30 billion blockchain, for lots of different eyeballs to have a look at the problem-

Y-UW1 HH-AE1-V T-UW1 G-IH1-V P-L-EH1-N T-IY0 AH1-V T-AY1 M-W-EH1-N D-IY1 L-IH0 NG-W-IH1-DH DH-AH0 TH-ER1 D-IY0 B-IH1 L-Y-AH0-N D-AA1 L-ER0-Z B-L-AA1-K HH-EY2-N F-AO1-R L-AA1-T S-AH1-V D-IH1 F-ER0 AH0-N T-AY1 B-AO2-L-Z T-UW1 HH-AE1 V-AH0 L-UH1 K-AE1-T DH-AH0 P-R-AA1 B-L-AH0-M


really, you should be thinking ethereum for-

R-IH1 L-IY0 Y-UW1 SH-UH1-D B-IY1 TH-IH1-NG K-IH0 NG-EH1 TH-R-IY0 AH0-M F-AO1-R


... and i'm specifically referring to the replay attack. that's-

AH0-N D-IH1-M-S P-AH0 S-IH1 F-IH0 K-L-IY0 R-IH0 F-ER1 IH0-NG T-UW1 DH-AH0 R-IY1 P-L-EY0 AH0 T-AE1-K TH-AE1-T-S


thanks greg. i'm just taking notes-

TH-AE1-NG-K-S G-R-EH1 G-IH1-M JH-AH1-S-T T-EY1 K-IH0-NG N-OW1-T-S


... of a whole bunch of people. so,

AH1 V-AH0 HH-OW1-L B-AH1-N CH-AH1-V P-IY1 P-AH0-L S-OW1


we have the exchanges who are concerned about this, we have the core developers who are concerned about this, and we have-

W-IY1 HH-AE1-V DH-AH0 IH0-K-S CH-EY1-N JH-AH0-Z HH-UW1 AA1-R K-AH0-N S-ER1-N D-AH0 B-AW1-T DH-IH1 S-W-IY1 HH-AE1-V DH-AH0 K-AO1-R D-IH0 V-EH1 L-AH0 P-ER0-Z HH-UW1 AA1-R K-AH0-N S-ER1-N D-AH0 B-AW1-T DH-IH1 S-AH0-N D-W-IY1 HH-AE1-V


... three play attack. i think it-

TH-R-IY1 P-L-EY1 AH0 T-AE1 K-AY1 TH-IH1-NG K-IH1-T


the basic idea is that-

DH-AH0 B-EY1 S-IH0 K-AY0 D-IY1 AH0 IH1-Z DH-AE1-T


... but because these are narrower set of rules,

B-AH1-T B-IH0 K-AO1-Z DH-IY1 Z-AA1-R N-EH1 R-OW0 ER0 S-EH1 T-AH1 V-R-UW1-L-Z


that's one very important, significant difference. and these lead to two different kinds of-

TH-AE1-T S-W-AH1-N V-EH1 R-IY0 IH0-M P-AO1-R T-AH0-N-T S-AH0 G-N-IH1 F-IH0 K-AH0-N-T D-IH1 F-ER0 AH0-N S-AH0-N-D DH-IY1 Z-L-EH1-D T-UW1 T-UW1 D-IH1 F-ER0 AH0-N-T K-AY1-N-D Z-AH1-V


... is called the wipe out attack, and the other is called a replay attack.

IH1-Z K-AO1-L-D DH-AH0 W-AY1 P-AW1 T-AH0 T-AE1 K-AH0-N-D DH-AH0 AH1 DH-ER0 IH1-Z K-AO1-L D-AH0 R-IY1 P-L-EY0 AH0 T-AE1-K


the ethereum community was very rushed, they had a deadline approaching basically, when the attacker could withdraw the ethereum that he had-

DH-AH0 EH1 TH-R-IY0 AH0-M K-AH0 M-Y-UW1 N-AH0 T-IY0 W-AA1-Z V-EH1 R-IY0 R-AH1-SH-T DH-EY1 HH-AE1 D-AH0 D-EH1 D-L-AY2 N-AH0 P-R-OW1 CH-IH0-NG B-EY1 S-IH0 K-L-IY0 W-EH1-N DH-AH0 AH0 T-AE1 K-ER0 K-UH1 D-W-IH0-DH D-R-AO1 DH-AH0 EH1 TH-R-IY0 AH0-M DH-AE1-T HH-IY1 HH-AE1-D


... so one of the mistakes that-

S-OW1 W-AH1 N-AH1-V DH-AH0 M-IH0-S T-EY1-K-S DH-AE1-T


... and do different sets of transactions on the two chains.

AH0-N-D D-UW1 D-IH1 F-ER0 AH0-N-T S-EH1-T S-AH1-V T-R-AE0-N Z-AE1-K SH-AH0-N Z-AA1-N DH-AH0 T-UW1 CH-EY1-N-Z


... really screwed by this. there was the situation where people were-

R-IH1 L-IY0-S K-R-UW1-D B-AY1 DH-IH1-S DH-EH1 R-W-AA1-Z DH-AH0 S-IH2 CH-UW0 EY1 SH-AH0 N-W-EH1-R P-IY1 P-AH0 L-W-ER0


-selling ether, and they were not splitting that ether from-

S-EH1 L-IH0 NG-IY1 TH-ER0 AH0-N-D DH-EY1 W-ER0 N-AA1-T-S P-L-IH1 T-IH0-NG DH-AE1 T-IY1 TH-ER0 F-R-AH1-M


... a token. what it means is, and what is the replay attack? so a replay attack is when you have two separate chains-

AH0 T-OW1 K-AH0 N-W-AH1 T-IH1 T-M-IY1-N Z-IH1 Z-AH0-N D-W-AH1 T-IH1-Z DH-AH0 R-IY1 P-L-EY0 AH0 T-AE1-K S-OW1 AH0 R-IY1 P-L-EY0 AH0 T-AE1 K-IH1 Z-W-EH1 N-Y-UW1 HH-AE1-V T-UW1 S-EH1 P-ER0 IH0-T CH-EY1-N-Z


... just rebroadcast them, and that's called a replay attack. and the down attacker was doing this throughout the entire thing.

JH-AH1-S T-R-IY0 B-R-AO1-D K-AE2-S-T DH-EH1 M-AH0-N-D TH-AE1-T-S K-AO1-L D-AH0 R-IY1 P-L-EY0 AH0 T-AE1 K-AH0-N-D DH-AH0 D-AW1 N-AH0 T-AE1 K-ER0 W-AA1-Z D-UW1 IH0-NG DH-IH1-S TH-R-UW0 AW1-T DH-AH0 IH0-N T-AY1 ER0 TH-IH1-NG


... today. and the bit148 situation, the user assistant soft fork-

T-AH0 D-EY1 AH0-N-D DH-AH0 B-IH1 T-W-AH1-N HH-AH1-N D-R-AH0 D-AH0-N-D F-AO1-R T-IY0 EY1-T S-IH2 CH-UW0 EY1 SH-AH0-N DH-AH0 Y-UW1 Z-ER0 AH0 S-IH1-S T-AH0-N-T S-AA1-F-T F-AO1-R-K


... people are being told that-

P-IY1 P-AH0 L-AA1-R B-IY1 IH0-NG T-OW1-L-D DH-AE1-T


-they have this power to-

DH-EY1 HH-AE1-V DH-IH1-S P-AW1 ER0 T-UW1


... worried about the wipe out-

W-ER1 IY0 D-AH0 B-AW1-T DH-AH0 W-AY1 P-AW1-T


-attack, which is basically... because we're dealing with a soft fork now and not a hard fork.

AH0 T-AE1 K-W-IH1 CH-IH1-Z B-EY1 S-IH0 K-L-IY0 B-IH0 K-AO1 Z-W-ER0 D-IY1 L-IH0 NG-W-IH1 DH-AH0 S-AA1-F-T F-AO1-R K-N-AW1 AH0-N D-N-AA1 T-AH0 HH-AA1-R-D F-AO1-R-K


they're just going to be sitting there without-

TH-EH1-R JH-AH1-S-T G-OW1 IH0-NG T-UW1 B-IY1 S-IH1 T-IH0-NG DH-EH1 R-W-IH0 TH-AW1-T


and not only is it going to be completely worthless, but it's-

AH0-N D-N-AA1 T-OW1 N-L-IY0 IH1 Z-IH1-T G-OW1 IH0-NG T-UW1 B-IY1 K-AH0-M P-L-IY1 T-L-IY0 W-ER1 TH-L-AH0-S B-AH1 T-IH1-T-S


the wipe out situation attack is easy to understand.

DH-AH0 W-AY1 P-AW1-T S-IH2 CH-UW0 EY1 SH-AH0 N-AH0 T-AE1 K-IH1 Z-IY1 Z-IY0 T-UW1 AH2-N D-ER0-S T-AE1-N-D


... and what not, that can be done.

AH0-N D-W-AH1 T-N-AA1-T DH-AE1-T K-AE1-N B-IY1 D-AH1-N


the legacy nodes and the legacy clients-

DH-AH0 L-EH1 G-AH0 S-IY0 N-OW1-D Z-AH0-N-D DH-AH0 L-EH1 G-AH0 S-IY0 K-L-AY1 AH0-N-T-S


... blocks mined, and the other chain got that amount plus some more, and all of a sudden this chain appeared on the network.

B-L-AA1-K S-M-AY1-N D-AH0-N-D DH-AH0 AH1 DH-ER0 CH-EY1-N G-AA1-T DH-AE1 T-AH0 M-AW1-N-T P-L-AH1-S S-AH1-M M-AO1 R-AH0-N D-AO1 L-AH1 V-AH0 S-AH1 D-AH0-N DH-IH1-S CH-EY1 N-AH0 P-IH1-R D-AA1-N DH-AH0 N-EH1 T-W-ER2-K


and everything that happened here would just be tossed out the window, all of-

AH0-N D-EH1 V-R-IY0 TH-IH2-NG DH-AE1-T HH-AE1 P-AH0-N-D HH-IY1 R-W-UH1-D JH-AH1-S-T B-IY1 T-AO1-S T-AW1-T DH-AH0 W-IH1-N D-OW0 AO1 L-AH1-V


... being mirrored, so the wipe out attack might actually not be that bad because if there's a replay attack going on, then-

B-IY1 IH0-NG M-IH1 R-ER0-D S-OW1 DH-AH0 W-AY1 P-AW1 T-AH0 T-AE1 K-M-AY1 T-AE1-K CH-AH0 W-AH0 L-IY0 N-AA1-T B-IY1 DH-AE1-T B-AE1-D B-IH0 K-AO1 Z-IH1-F DH-EH1-R Z-AH0 R-IY1 P-L-EY0 AH0 T-AE1-K G-OW1 IH0 NG-AA1-N DH-EH1-N


let's focus now on the replay attack, because that is the real problem with bit148.

L-EH1-T-S F-OW1 K-AH0 S-N-AW1 AA1-N DH-AH0 R-IY1 P-L-EY0 AH0 T-AE1-K B-IH0 K-AO1-Z DH-AE1 T-IH1-Z DH-AH0 R-IY1-L P-R-AA1 B-L-AH0 M-W-IH1-DH B-IH1 T-W-AH1-N HH-AH1-N D-R-AH0 D-AH0-N-D F-AO1-R T-IY0 EY1-T


... really. they're basically the same thing, they have the same transactions in them-

R-IH1 L-IY0 TH-EH1-R B-EY1 S-IH0 K-L-IY0 DH-AH0 S-EY1-M TH-IH1-NG DH-EY1 HH-AE1-V DH-AH0 S-EY1-M T-R-AE0-N Z-AE1-K SH-AH0-N Z-IH0-N DH-EH1-M


they're not going to exist, because for them to exist, you have to have-

TH-EH1-R N-AA1-T G-OW1 IH0-NG T-UW1 IH0-G Z-IH1-S-T B-IH0 K-AO1-Z F-AO1-R DH-EH1-M T-UW1 IH0-G Z-IH1-S T-Y-UW1 HH-AE1-V T-UW1 HH-AE1-V


... with the same things going on it. if you wanted to sell your legacy coins and buy these other coins that are here-

W-IH1-DH DH-AH0 S-EY1-M TH-IH1-NG-Z G-OW1 IH0 NG-AA1 N-IH1 T-IH1 F-Y-UW1 W-AA1-N T-AH0-D T-UW1 S-EH1 L-Y-AO1-R L-EH1 G-AH0 S-IY0 K-OY1-N Z-AH0-N-D B-AY1 DH-IY1 Z-AH1 DH-ER0 K-OY1-N-Z DH-AE1 T-AA1-R HH-IY1-R


if you were to sell your 148 coins-

IH1 F-Y-UW1 W-ER0 T-UW1 S-EH1 L-Y-AO1 R-W-AH1-N HH-AH1-N D-R-AH0 D-AH0-N-D F-AO1-R T-IY0 EY1-T K-OY1-N-Z


this brings us to the final-

DH-IH1-S B-R-IH1-NG Z-AH1-S T-UW1 DH-AH0 F-AY1 N-AH0-L


all of the methods that i have seen for splitting coins-

AO1 L-AH1-V DH-AH0 M-EH1 TH-AH0-D-Z DH-AE1 T-AY1 HH-AE1-V S-IY1-N F-AO1-R-S P-L-IH1 T-IH0-NG K-OY1-N-Z


... send them to both chains, and-

S-EH1-N-D DH-EH1-M T-UW1 B-OW1-TH CH-EY1-N Z-AH0-N-D


... and it's not something that users can do themselves, because it's-

AH0-N D-IH1-T S-N-AA1-T S-AH1-M TH-IH0-NG DH-AE1 T-Y-UW1 Z-ER0-Z K-AE1-N D-UW1 DH-EH0-M S-EH1-L-V-Z B-IH0 K-AO1 Z-IH1-T-S


... does this for you, because that would defeat the purpose of bitcoin.

D-AH1-Z DH-IH1-S F-AO1 R-Y-UW1 B-IH0 K-AO1-Z DH-AE1 T-W-UH1-D D-IH0 F-IY1-T DH-AH0 P-ER1 P-AH0 S-AH1-V B-IH1-T K-AH0-N


because of that, if people were starting to actually try to do this, you would have addition-

B-IH0 K-AO1 Z-AH1-V DH-AE1 T-IH1-F P-IY1 P-AH0 L-W-ER0-S T-AA1-R T-IH0-NG T-UW1 AE1-K CH-AH0 W-AH0 L-IY0 T-R-AY1 T-UW1 D-UW1 DH-IH1 S-Y-UW1 W-UH1-D HH-AE1 V-AH0 D-IH1 SH-AH0-N


-plan. so imagine people trying to do this. and then-

P-L-AE1-N S-OW1 IH0 M-AE1 JH-AH0-N P-IY1 P-AH0-L T-R-AY1 IH0-NG T-UW1 D-UW1 DH-IH1 S-AH0-N-D DH-EH1-N


-that might have additional consequences that we haven't even played out yet, unknown consequences.

DH-AE1 T-M-AY1-T HH-AE1 V-AH0 D-IH1 SH-AH0 N-AH0-L K-AA1-N S-AH0 K-W-EH2-N S-AH0-Z DH-AE1 T-W-IY1 HH-AE1 V-AH0-N T-IY1 V-IH0-N P-L-EY1 D-AW1 T-Y-EH1 T-AH0-N N-OW1-N K-AA1-N S-AH0 K-W-EH2-N S-AH0-Z


another method was recommended, or not recommended, but suggested-

AH0 N-AH1 DH-ER0 M-EH1 TH-AH0 D-W-AA1 Z-R-EH2 K-AH0 M-EH1-N D-AH0 D-AO1-R N-AA1 T-R-EH2 K-AH0 M-EH1-N D-AH0-D B-AH1-T S-AH0-G JH-EH1-S T-AH0-D


... can be used-


fungibility is a very important property that all bitcoiners want, and what it does is it says basically-

F-AH2-N JH-AH0 B-IH1 L-IH0 T-IY0 IH1 Z-AH0 V-EH1 R-IY0 IH0-M P-AO1-R T-AH0-N-T P-R-AA1 P-ER0 T-IY0 DH-AE1 T-AO1-L B-IH1-T K-OY0 N-ER0 Z-W-AA1-N T-AH0-N D-W-AH1 T-IH1-T D-AH1 Z-IH1 Z-IH1-T S-EH1-Z B-EY1 S-IH0 K-L-IY0


... jimmy song's posts, where he makes a good point.

JH-IH1 M-IY0 S-AO1-NG-Z P-OW1-S-T S-W-EH1-R HH-IY1 M-EY1-K S-AH0 G-UH1-D P-OY1-N-T


... and replay protection,

AH0-N D-R-IY0 P-L-EY1 P-R-AH0 T-EH1-K SH-AH0-N


and he says, "here's the problem, in order to offer such protection in the for-

AH0-N-D HH-IY1 S-EH1-Z HH-IH1-R-Z DH-AH0 P-R-AA1 B-L-AH0 M-IH0 N-AO1-R D-ER0 T-UW1 AO1 F-ER0 S-AH1-CH P-R-AH0 T-EH1-K SH-AH0 N-IH0-N DH-AH0 F-AO1-R


... of how bitcoin works, what can happen? all these replay attack things-

AH1-V HH-AW1 B-IH1-T K-AH0 N-W-ER1-K S-W-AH1-T K-AE1-N HH-AE1 P-AH0 N-AO1-L DH-IY1 Z-R-IY0 P-L-EY1 AH0 T-AE1-K TH-IH1-NG-Z


because this is a-


... and the second is-


... frightened at all by 148, because of the lack of replay protection,

F-R-AY1 T-AH0-N D-AE1 T-AO1-L B-AY1 W-AH1-N HH-AH1-N D-R-AH0 D-AH0-N-D F-AO1-R T-IY0 EY1-T B-IH0 K-AO1 Z-AH1-V DH-AH0 L-AE1 K-AH1 V-R-IY1 P-L-EY0 P-R-AH0 T-EH1-K SH-AH0-N


let's go the other direction, let's let's address that question-

L-EH1-T-S G-OW1 DH-AH0 AH1 DH-ER0 D-ER0 EH1-K SH-AH0 N-L-EH1-T S-L-EH1-T S-AE1 D-R-EH2-S DH-AE1-T K-W-EH1-S CH-AH0-N


... 51% or more are running the legacy chain-

F-IH1-F T-IY0 W-AH1-N P-ER0 S-EH1-N T-AO1-R M-AO1 R-AA1-R R-AH1 N-IH0-NG DH-AH0 L-EH1 G-AH0 S-IY0 CH-EY1-N


... 50%. then what that means is that it doesn't matter if they reject those blocks-

F-IH1-F T-IY0 P-ER0 S-EH1-N-T DH-EH1 N-W-AH1-T DH-AE1 T-M-IY1-N Z-IH1-Z DH-AE1 T-IH1-T D-OW1 S-AH0-N T-M-AE1 T-ER0 IH1-F DH-EY1 R-IH0 JH-EH1-K-T DH-OW1-Z B-L-AA1-K-S


-they would be rejecting all-

DH-EY1 W-UH1-D B-IY1 R-IH0 JH-EH1-K T-IH0 NG-AO1-L


... smaller chain going to be doing of economic nodes? what is-

S-M-AO1 L-ER0 CH-EY1-N G-OW1 IH0-NG T-UW1 B-IY1 D-UW1 IH0 NG-AH1 V-EH2 K-AH0 N-AA1 M-IH0 K-N-OW1-D Z-W-AH1 T-IH1-Z


the nodes that actually have the economic power-

DH-AH0 N-OW1-D-Z DH-AE1 T-AE1-K CH-AH0 W-AH0 L-IY0 HH-AE1-V DH-AH0 EH2 K-AH0 N-AA1 M-IH0-K P-AW1 ER0


... but it's extreme to make a point-

B-AH1 T-IH1-T S-IH0-K-S T-R-IY1-M T-UW1 M-EY1 K-AH0 P-OY1-N-T


... hold on. just let me finish this scenario for the sake of the audience-

HH-OW1-L D-AA1-N JH-AH1-S T-L-EH1 T-M-IY1 F-IH1 N-IH0-SH DH-IH1-S S-IH0 N-EH1 R-IY0 OW0 F-AO1-R DH-AH0 S-EY1 K-AH1-V DH-AH0 AA1 D-IY0 AH0-N-S


okay. yeah.so there's a very-

OW2 K-EY1 Y-IY1 S-OW0 DH-EH1-R Z-AH0 V-EH1 R-IY0


... 48, or signaling for segwit, and you've got literally every single other user of bitcoin that's enforced 14-

F-AO1-R T-IY0 EY1 T-AO1-R S-IH1 G-N-AH0 L-IH0-NG F-AO1-R S-EH1 G-W-IH0 T-AH0-N D-Y-UW1-V G-AA1 T-L-IH1 T-ER0 AH0 L-IY0 EH1 V-ER0 IY0 S-IH1-NG G-AH0 L-AH1 DH-ER0 Y-UW1 Z-ER0 AH1-V B-IH1-T K-AH0-N TH-AE1-T S-EH0-N F-AO1-R-S-T F-AO1-R T-IY1-N


so are you saying that it's opposite? you have all of the miners on the legacy chain and all of the users on 148?

S-OW1 AA1 R-Y-UW1 S-EY1 IH0-NG DH-AE1 T-IH1-T S-AA1 P-AH0 Z-AH0 T-Y-UW1 HH-AE1 V-AO1 L-AH1-V DH-AH0 M-AY1 N-ER0 Z-AA1-N DH-AH0 L-EH1 G-AH0 S-IY0 CH-EY1 N-AH0-N D-AO1 L-AH1-V DH-AH0 Y-UW1 Z-ER0 Z-AA1 N-W-AH1-N F-AO1-R T-IY0 EY1-T


.... function. you can't... if someone tries to send a payment-

F-AH1-NG-K SH-AH0 N-Y-UW1 K-AE1-N T-IH1-F S-AH1 M-W-AH2-N T-R-AY1-Z T-UW1 S-EH1-N D-AH0 P-EY1 M-AH0-N-T


... or ether-


to send a transaction to the actual bitcoin network to say, "okay, this is-"

T-UW1 S-EH1-N D-AH0 T-R-AE0-N Z-AE1-K SH-AH0-N T-UW1 DH-AH0 AE1-K CH-AH0 W-AH0-L B-IH1-T K-AH0-N N-EH1 T-W-ER2-K T-UW1 S-EY1 OW2 K-EY1 DH-IH1 S-IH1-Z


they can suddenly bring a whole bunch of miners online.

DH-EY1 K-AE1-N S-AH1 D-AH0 N-L-IY0 B-R-IH1 NG-AH0 HH-OW1-L B-AH1-N CH-AH1 V-M-AY1 N-ER0 Z-AO1 N-L-AY2-N


running 148 nodes, and then bring that number back down from 60 to 49 and then cause panic.

R-AH1 N-IH0 NG-W-AH1-N HH-AH1-N D-R-AH0 D-AH0-N-D F-AO1-R T-IY0 EY1 T-N-OW1-D Z-AH0-N-D DH-EH1-N B-R-IH1-NG DH-AE1 T-N-AH1-M B-ER0 B-AE1-K D-AW1-N F-R-AH1-M S-IH1-K-S T-IY0 T-UW1 F-AO1-R T-IY0 N-AY1 N-AH0-N-D DH-EH1-N K-AA1-Z P-AE1 N-IH0-K


it just has to be based on hatchback. so if you're not going to do 90.

IH1-T JH-AH1-S-T HH-AE1-Z T-UW1 B-IY1 B-EY1-S T-AA1-N HH-AE1-CH B-AE2-K S-OW1 IH1 F-Y-UW1 AA1-R N-AA1-T G-OW1 IH0-NG T-UW1 D-UW1 N-AY1-N T-IY0


by mining litecoin, then they're going to start.

B-AY1 M-AY1 N-IH0 NG-L-IH1 T-IH0 K-AW2-N DH-EH1-N TH-EH1-R G-OW1 IH0-NG T-UW1-S T-AA1-R-T


i don't even think the price of bitcoin will fall, necessarily, if users start buying litecoin. i think that...

AY1 D-AA1-N T-IY1 V-IH0-N TH-IH1-NG-K DH-AH0 P-R-AY1 S-AH1-V B-IH1-T K-AH0 N-W-IH1-L F-AO1-L N-EH2 S-AH0 S-EH1 R-AH0 L-IY0 IH1 F-Y-UW1 Z-ER0-Z-S T-AA1-R-T B-AY1 IH0 NG-L-IH1 T-IH0 K-AW2 N-AY1 TH-IH1-NG-K DH-AE1-T


that way. and then...


or he's not going to be making as much as the other miners were making on that other chain and eventually...

AO1-R HH-IY1 Z-N-AA1-T G-OW1 IH0-NG T-UW1 B-IY1 M-EY1 K-IH0 NG-AE1 Z-M-AH1 CH-AE1-Z DH-AH0 AH1 DH-ER0 M-AY1 N-ER0 Z-W-ER0 M-EY1 K-IH0 NG-AA1-N DH-AE1 T-AH1 DH-ER0 CH-EY1 N-AH0-N D-IH0 V-EH1-N CH-AH0 W-AH0 L-IY0


there's definitely...okay, great.

DH-EH1-R-Z D-IH0 F-EH0-N CH-AH0 L-AA1 T-IH0 K-IY0 G-R-EY1-T


the investment he gets from a higher return on another currency, kind of incentivizes him.

DH-AH0 IH0-N V-EH1-S T-M-AH0-N-T HH-IY1 G-EH1-T-S F-R-AH1 M-AH0 HH-AY1 ER0 R-IH0 T-ER1 N-AA1 N-AH0 N-AH1 DH-ER0 K-ER1 AH0-N S-IY0 K-AY1-N D-AH1 V-IH0-N S-EH1-P T-IH0 SH-IH0-Z HH-IH1-M


youtube live broadcast to discuss this. greg, i'll be interested to hear...

Y-UW1 T-UW2 B-L-AY1-V B-R-AO1-D K-AE2-S-T T-UW1 D-IH0-S K-AH1-S DH-IH1-S G-R-EH1 G-IH1-L B-IY1 IH1-N T-R-AH0-S T-AH0-D T-UW1 HH-IY1-R


the companies that kind of represent them, is...

DH-AH0 K-AH1-M P-AH0 N-IY0-Z DH-AE1-T K-AY1-N D-AH1 V-R-EH2 P-R-AH0 Z-EH1-N-T DH-EH1 M-IH1-Z


a flag day on august 1st for activating segwit to be incompatible with those agreements. and i think that everybody who...

AH0 F-L-AE1-G D-EY1 AA1-N DH-AH0 F-ER1-S T-AH1 V-AA1 G-AH0-S-T F-AO1 R-AE1-K T-AH0 V-EY2 T-IH0-NG S-EH1 G-W-IH0-T T-UW1 B-IY1 IH0-N K-AH0-M P-AE1 T-AH0 B-AH0 L-W-IH1-DH DH-OW1 Z-AH0 G-R-IY1 M-AH0-N-T S-AH0-N D-AY1 TH-IH1-NG-K DH-AE1 T-EH1 V-R-IY0 B-AA2 D-IY0 HH-UW1