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WY_KVOW_2024_12_29_06_30 | 226 | 1,015.36 | 1,018.422 | But with these blockchains, it's insanity. | KVOW | 2024-12-29T06:30:00 | WY | SPEAKER_10 |
WY_KVOW_2024_12_29_06_30 | 227 | 1,019.062 | 1,026.746 | They just have the wrong – they're making money, and that's what they're concerned about, and they're happy that they're making money, but it's really a big, giant waste. | KVOW | 2024-12-29T06:30:00 | WY | SPEAKER_10 |
WY_KVOW_2024_12_29_06_30 | 228 | 1,027.486 | 1,033.199 | And so what has to happen is the consumers just need to stop buying Bitcoin and start buying the thousands. | KVOW | 2024-12-29T06:30:00 | WY | SPEAKER_10 |
WY_KVOW_2024_12_29_06_30 | 229 | 1,033.299 | 1,036.106 | There's thousands of other currencies that use less electricity than it does. | KVOW | 2024-12-29T06:30:00 | WY | SPEAKER_10 |
WY_KVOW_2024_12_29_06_30 | 230 | 1,037.549 | 1,038.549 | Lots of electricity. | KVOW | 2024-12-29T06:30:00 | WY | SPEAKER_14 |
WY_KVOW_2024_12_29_06_30 | 231 | 1,038.589 | 1,040.65 | What's going to happen when that grid goes away? | KVOW | 2024-12-29T06:30:00 | WY | SPEAKER_14 |
WY_KVOW_2024_12_29_06_30 | 232 | 1,040.79 | 1,044.771 | What's going to happen when that gets cut off? | KVOW | 2024-12-29T06:30:00 | WY | SPEAKER_14 |
WY_KVOW_2024_12_29_06_30 | 233 | 1,045.291 | 1,046.371 | That's the biggest thing, right? | KVOW | 2024-12-29T06:30:00 | WY | SPEAKER_14 |
WY_KVOW_2024_12_29_06_30 | 234 | 1,046.411 | 1,049.472 | I mean, just in general, even without the money exchanges. | KVOW | 2024-12-29T06:30:00 | WY | SPEAKER_14 |
WY_KVOW_2024_12_29_06_30 | 235 | 1,049.512 | 1,049.712 | Yes. | KVOW | 2024-12-29T06:30:00 | WY | SPEAKER_10 |
WY_KVOW_2024_12_29_06_30 | 236 | 1,050.072 | 1,053.293 | I mean, the thing is that what would you rather have, Bitcoin or AI? | KVOW | 2024-12-29T06:30:00 | WY | SPEAKER_10 |
WY_KVOW_2024_12_29_06_30 | 237 | 1,053.773 | 1,057.273 | Because AI needs lots of electricity, much more than Bitcoin. | KVOW | 2024-12-29T06:30:00 | WY | SPEAKER_10 |
WY_KVOW_2024_12_29_06_30 | 238 | 1,057.914 | 1,064.115 | And so if you want to have AI and the whole system stressed because of Bitcoin, you've got to get rid of Bitcoin. | KVOW | 2024-12-29T06:30:00 | WY | SPEAKER_10 |
WY_KVOW_2024_12_29_06_30 | 239 | 1,066.044 | 1,067.906 | So they're going to compete for the electricity? | KVOW | 2024-12-29T06:30:00 | WY | SPEAKER_14 |
WY_KVOW_2024_12_29_06_30 | 240 | 1,067.926 | 1,070.167 | Yeah. | KVOW | 2024-12-29T06:30:00 | WY | SPEAKER_10 |
WY_KVOW_2024_12_29_06_30 | 241 | 1,070.287 | 1,074.15 | We've got Microsoft buying a nuclear power. | KVOW | 2024-12-29T06:30:00 | WY | SPEAKER_10 |
WY_KVOW_2024_12_29_06_30 | 242 | 1,074.291 | 1,075.532 | It's buying Three Mile Island. | KVOW | 2024-12-29T06:30:00 | WY | SPEAKER_10 |
WY_KVOW_2024_12_29_06_30 | 243 | 1,076.632 | 1,077.093 | Oh, my. | KVOW | 2024-12-29T06:30:00 | WY | SPEAKER_14 |
WY_KVOW_2024_12_29_06_30 | 244 | 1,077.133 | 1,080.115 | So they can have enough energy to do their AI. | KVOW | 2024-12-29T06:30:00 | WY | SPEAKER_10 |
WY_KVOW_2024_12_29_06_30 | 245 | 1,080.135 | 1,083.858 | And Google is building a brand new nuclear power plant. | KVOW | 2024-12-29T06:30:00 | WY | SPEAKER_10 |
WY_KVOW_2024_12_29_06_30 | 246 | 1,084.479 | 1,086.14 | And so they're very serious about energy. | KVOW | 2024-12-29T06:30:00 | WY | SPEAKER_10 |
WY_KVOW_2024_12_29_06_30 | 247 | 1,086.3 | 1,088.942 | And that's why my son, I told you about my daughter going into AI. | KVOW | 2024-12-29T06:30:00 | WY | SPEAKER_10 |
WY_KVOW_2024_12_29_06_30 | 248 | 1,088.962 | 1,093.586 | My son is going in to be an electrical contractor because that's where the future is. | KVOW | 2024-12-29T06:30:00 | WY | SPEAKER_10 |
WY_KVOW_2024_12_29_06_30 | 249 | 1,095.155 | 1,097.396 | And it's just electricity, electricity, electricity. | KVOW | 2024-12-29T06:30:00 | WY | SPEAKER_10 |
WY_KVOW_2024_12_29_06_30 | 250 | 1,098.276 | 1,104.758 | I'm creating programs that are built by AI just to reduce the amount of electricity that the programs use. | KVOW | 2024-12-29T06:30:00 | WY | SPEAKER_10 |
WY_KVOW_2024_12_29_06_30 | 251 | 1,105.498 | 1,109.739 | So Bitcoin has no right to exist economically when there's other alternatives. | KVOW | 2024-12-29T06:30:00 | WY | SPEAKER_10 |
WY_KVOW_2024_12_29_06_30 | 252 | 1,110.08 | 1,114.041 | What Bitcoin has that's valuable is it has a large network of users. | KVOW | 2024-12-29T06:30:00 | WY | SPEAKER_10 |
WY_KVOW_2024_12_29_06_30 | 253 | 1,114.921 | 1,118.142 | And so it's got something called the network effect, and the more users you have – | KVOW | 2024-12-29T06:30:00 | WY | SPEAKER_10 |
WY_KVOW_2024_12_29_06_30 | 254 | 1,118.738 | 1,123.642 | It's kind of like if you had Facebook, but you only had three users, it wouldn't be valuable. | KVOW | 2024-12-29T06:30:00 | WY | SPEAKER_10 |
WY_KVOW_2024_12_29_06_30 | 255 | 1,123.662 | 1,128.405 | But if you've got millions of viewers, it becomes much more valuable. | KVOW | 2024-12-29T06:30:00 | WY | SPEAKER_10 |
WY_KVOW_2024_12_29_06_30 | 256 | 1,128.986 | 1,133.189 | Bitcoin's got a lot, but the user's base of Bitcoin is actually going down. | KVOW | 2024-12-29T06:30:00 | WY | SPEAKER_10 |
WY_KVOW_2024_12_29_06_30 | 257 | 1,134.49 | 1,137.092 | Oh, it is, but it still has made some progress. | KVOW | 2024-12-29T06:30:00 | WY | SPEAKER_14 |
WY_KVOW_2024_12_29_06_30 | 258 | 1,138.607 | 1,162.22 | millionaires and and and beyond i mean yeah i mean it could be in the future there's very few people that use it but it's really valuable and you know but uh but we wish i came up with it sean would you say i said i wish i came up with it yeah i'd probably just be out on a yacht talking to you i don't know that i'd be here talking to you absolutely | KVOW | 2024-12-29T06:30:00 | WY | SPEAKER_14 |
WY_KVOW_2024_12_29_06_30 | 259 | 1,162.875 | 1,168.64 | Come bring your cloud coin over here and talk with me on my – I'll fly you in on my yacht over here. | KVOW | 2024-12-29T06:30:00 | WY | SPEAKER_14 |
WY_KVOW_2024_12_29_06_30 | 260 | 1,169.041 | 1,173.365 | Let's go to wildcard line number two and talk to Carlos out of Carson, California. | KVOW | 2024-12-29T06:30:00 | WY | SPEAKER_14 |
WY_KVOW_2024_12_29_06_30 | 261 | 1,173.405 | 1,174.086 | Hey there, Carlos. | KVOW | 2024-12-29T06:30:00 | WY | SPEAKER_14 |
WY_KVOW_2024_12_29_06_30 | 262 | 1,174.846 | 1,178.109 | Yes, good evening and Merry Christmas, Happy New Year. | KVOW | 2024-12-29T06:30:00 | WY | SPEAKER_11 |
WY_KVOW_2024_12_29_06_30 | 263 | 1,178.87 | 1,183.835 | Question, Mr. Whittington, I'm intrigued by Bitcoin. | KVOW | 2024-12-29T06:30:00 | WY | SPEAKER_11 |
WY_KVOW_2024_12_29_06_30 | 264 | 1,184.335 | 1,187.058 | Now, is it a competing currency? | KVOW | 2024-12-29T06:30:00 | WY | SPEAKER_11 |
WY_KVOW_2024_12_29_06_30 | 265 | 1,188.134 | 1,194.876 | to the central banking system, the notes that they issue without any backup? | KVOW | 2024-12-29T06:30:00 | WY | SPEAKER_11 |
WY_KVOW_2024_12_29_06_30 | 266 | 1,195.336 | 1,196.976 | Or is that a scam? | KVOW | 2024-12-29T06:30:00 | WY | SPEAKER_11 |
WY_KVOW_2024_12_29_06_30 | 267 | 1,197.136 | 1,202.917 | I even heard it's part of a money laundering system. | KVOW | 2024-12-29T06:30:00 | WY | SPEAKER_11 |
WY_KVOW_2024_12_29_06_30 | 268 | 1,202.997 | 1,205.038 | I mean, I'm really confused by it. | KVOW | 2024-12-29T06:30:00 | WY | SPEAKER_11 |
WY_KVOW_2024_12_29_06_30 | 269 | 1,205.318 | 1,211.219 | And I think El Salvador uses it as an exchange item, right? | KVOW | 2024-12-29T06:30:00 | WY | SPEAKER_11 |
WY_KVOW_2024_12_29_06_30 | 270 | 1,211.259 | 1,214.68 | Well, you know, the... | KVOW | 2024-12-29T06:30:00 | WY | SPEAKER_10 |
WY_KVOW_2024_12_29_06_30 | 271 | 1,215.325 | 1,220.807 | The federal government for the past four years has treated Bitcoin like it is a money laundering system. | KVOW | 2024-12-29T06:30:00 | WY | SPEAKER_10 |
WY_KVOW_2024_12_29_06_30 | 272 | 1,220.827 | 1,221.787 | They're very against it. | KVOW | 2024-12-29T06:30:00 | WY | SPEAKER_10 |
WY_KVOW_2024_12_29_06_30 | 273 | 1,221.827 | 1,223.608 | They want the banks not to be involved with it. | KVOW | 2024-12-29T06:30:00 | WY | SPEAKER_10 |
WY_KVOW_2024_12_29_06_30 | 274 | 1,224.468 | 1,227.489 | And they believe that it's the cause of lots of crime. | KVOW | 2024-12-29T06:30:00 | WY | SPEAKER_10 |
WY_KVOW_2024_12_29_06_30 | 275 | 1,229.27 | 1,234.832 | But the reality is that Bitcoin is a monetary system, and it's money. | KVOW | 2024-12-29T06:30:00 | WY | SPEAKER_10 |
WY_KVOW_2024_12_29_06_30 | 276 | 1,235.652 | 1,238.693 | And it serves the same function as the U.S. | KVOW | 2024-12-29T06:30:00 | WY | SPEAKER_10 |
WY_KVOW_2024_12_29_06_30 | 277 | 1,238.713 | 1,241.634 | dollar in paper form or any other currency. | KVOW | 2024-12-29T06:30:00 | WY | SPEAKER_10 |
WY_KVOW_2024_12_29_06_30 | 278 | 1,242.452 | 1,243.353 | It's got integrity. | KVOW | 2024-12-29T06:30:00 | WY | SPEAKER_10 |
WY_KVOW_2024_12_29_06_30 | 279 | 1,243.373 | 1,244.773 | It's got something called data supremacy. | KVOW | 2024-12-29T06:30:00 | WY | SPEAKER_10 |
WY_KVOW_2024_12_29_06_30 | 280 | 1,244.833 | 1,246.034 | That's the main thing it's got. | KVOW | 2024-12-29T06:30:00 | WY | SPEAKER_10 |
WY_KVOW_2024_12_29_06_30 | 281 | 1,246.454 | 1,255.559 | And data supremacy means the government can't shut it down, hackers can't shut it down, tech giants can't shut it down, AI can't shut it down, unless, of course, they have quantum computers in the future. | KVOW | 2024-12-29T06:30:00 | WY | SPEAKER_10 |
WY_KVOW_2024_12_29_06_30 | 282 | 1,255.98 | 1,260.462 | But right now, it's got data supremacy, and it functions as a monetary system. | KVOW | 2024-12-29T06:30:00 | WY | SPEAKER_10 |
WY_KVOW_2024_12_29_06_30 | 283 | 1,260.782 | 1,264.264 | That means that I can put value into it, and I can get value out. | KVOW | 2024-12-29T06:30:00 | WY | SPEAKER_10 |
WY_KVOW_2024_12_29_06_30 | 284 | 1,264.645 | 1,266.526 | In fact, when it goes up, I can get more value. | KVOW | 2024-12-29T06:30:00 | WY | SPEAKER_10 |
WY_KVOW_2024_12_29_06_30 | 285 | 1,266.906 | 1,269.147 | But when it goes down, I can lose value. | KVOW | 2024-12-29T06:30:00 | WY | SPEAKER_10 |
WY_KVOW_2024_12_29_06_30 | 286 | 1,269.727 | 1,270.548 | But it's not a scam. | KVOW | 2024-12-29T06:30:00 | WY | SPEAKER_10 |
WY_KVOW_2024_12_29_06_30 | 287 | 1,271.135 | 1,275.076 | But you do have a lot of investors that make bad decisions and then they lose their money. | KVOW | 2024-12-29T06:30:00 | WY | SPEAKER_10 |
WY_KVOW_2024_12_29_06_30 | 288 | 1,275.116 | 1,275.956 | They call it a scam. | KVOW | 2024-12-29T06:30:00 | WY | SPEAKER_10 |
WY_KVOW_2024_12_29_06_30 | 289 | 1,277.836 | 1,280.677 | And it's very uncertain what's going to happen with it. | KVOW | 2024-12-29T06:30:00 | WY | SPEAKER_10 |
WY_KVOW_2024_12_29_06_30 | 290 | 1,281.157 | 1,282.497 | But I use it to buy things. | KVOW | 2024-12-29T06:30:00 | WY | SPEAKER_10 |
WY_KVOW_2024_12_29_06_30 | 291 | 1,283.217 | 1,290.279 | I almost buy it, use it every day because I have to because the receiver, that's all they'll take. | KVOW | 2024-12-29T06:30:00 | WY | SPEAKER_10 |
WY_KVOW_2024_12_29_06_30 | 292 | 1,291.059 | 1,297.24 | But there's actually less people, less companies, less firms that are taking it as payment. | KVOW | 2024-12-29T06:30:00 | WY | SPEAKER_10 |
WY_KVOW_2024_12_29_06_30 | 293 | 1,297.8 | 1,300.941 | There's a kind of trend where everybody wanted to take Bitcoin as payment | KVOW | 2024-12-29T06:30:00 | WY | SPEAKER_10 |
WY_KVOW_2024_12_29_06_30 | 294 | 1,301.485 | 1,302.526 | Now that trend is reversing. | KVOW | 2024-12-29T06:30:00 | WY | SPEAKER_10 |
WY_KVOW_2024_12_29_06_30 | 295 | 1,302.546 | 1,305.207 | Everybody's not wanting to take it. | KVOW | 2024-12-29T06:30:00 | WY | SPEAKER_10 |
WY_KVOW_2024_12_29_06_30 | 296 | 1,305.247 | 1,306.588 | So I hope that answers your question. | KVOW | 2024-12-29T06:30:00 | WY | SPEAKER_10 |
WY_KVOW_2024_12_29_06_30 | 297 | 1,307.308 | 1,308.089 | Yeah, you know what? | KVOW | 2024-12-29T06:30:00 | WY | SPEAKER_14 |
WY_KVOW_2024_12_29_06_30 | 298 | 1,308.509 | 1,309.85 | Thank you, Carlos. | KVOW | 2024-12-29T06:30:00 | WY | SPEAKER_14 |
WY_KVOW_2024_12_29_06_30 | 299 | 1,309.95 | 1,311.271 | I lived off of it for a year. | KVOW | 2024-12-29T06:30:00 | WY | SPEAKER_14 |
WY_KVOW_2024_12_29_06_30 | 300 | 1,311.331 | 1,314.313 | So first-time caller, let's talk to Patrick out of Nebraska. | KVOW | 2024-12-29T06:30:00 | WY | SPEAKER_14 |
WY_KVOW_2024_12_29_06_30 | 301 | 1,314.373 | 1,315.133 | Hey there, Patrick. | KVOW | 2024-12-29T06:30:00 | WY | SPEAKER_14 |
WY_KVOW_2024_12_29_06_30 | 302 | 1,315.193 | 1,317.575 | Welcome to Coast to Coast AM, and Happy New Year. | KVOW | 2024-12-29T06:30:00 | WY | SPEAKER_14 |
WY_KVOW_2024_12_29_06_30 | 303 | 1,318.835 | 1,320.116 | Oh, Happy New Year to you, too. | KVOW | 2024-12-29T06:30:00 | WY | SPEAKER_08 |
WY_KVOW_2024_12_29_06_30 | 304 | 1,320.876 | 1,321.377 | Thank you. | KVOW | 2024-12-29T06:30:00 | WY | SPEAKER_08 |
WY_KVOW_2024_12_29_06_30 | 305 | 1,321.517 | 1,328.341 | My question is, you know, hackers are either – | KVOW | 2024-12-29T06:30:00 | WY | SPEAKER_07 |
WY_KVOW_2024_12_29_06_30 | 306 | 1,329.535 | 1,332.956 | One step behind current tech or keeping up with current tech. | KVOW | 2024-12-29T06:30:00 | WY | SPEAKER_07 |
WY_KVOW_2024_12_29_06_30 | 307 | 1,333.896 | 1,351.082 | So what kind of security would keep a well-funded hacker to get to the list of codes and whatnot that will be used for the cloud coin? | KVOW | 2024-12-29T06:30:00 | WY | SPEAKER_07 |
WY_KVOW_2024_12_29_06_30 | 308 | 1,353.422 | 1,358.284 | Well, so we have to use what's called inductive reasoning. | KVOW | 2024-12-29T06:30:00 | WY | SPEAKER_10 |
WY_KVOW_2024_12_29_06_30 | 309 | 1,359.352 | 1,367.855 | And what we do is we have redundancy and our system is based on the root DNS servers. | KVOW | 2024-12-29T06:30:00 | WY | SPEAKER_10 |
WY_KVOW_2024_12_29_06_30 | 310 | 1,368.995 | 1,372.116 | So the root DNS servers are something that had been around since 1986. | KVOW | 2024-12-29T06:30:00 | WY | SPEAKER_10 |
WY_KVOW_2024_12_29_06_30 | 311 | 1,374.197 | 1,377.338 | And since the time that they were created, they've never gone down. | KVOW | 2024-12-29T06:30:00 | WY | SPEAKER_10 |
WY_KVOW_2024_12_29_06_30 | 312 | 1,378.338 | 1,381.079 | And there's 13 of them and they're in different parts of the world. | KVOW | 2024-12-29T06:30:00 | WY | SPEAKER_10 |
WY_KVOW_2024_12_29_06_30 | 313 | 1,381.82 | 1,383.7 | And they've always had, they've never been hacked. | KVOW | 2024-12-29T06:30:00 | WY | SPEAKER_10 |
WY_KVOW_2024_12_29_06_30 | 314 | 1,383.72 | 1,385.961 | They've always had the right instructions. | KVOW | 2024-12-29T06:30:00 | WY | SPEAKER_10 |
WY_KVOW_2024_12_29_06_30 | 315 | 1,386.994 | 1,388.655 | But they all have the same information on them. | KVOW | 2024-12-29T06:30:00 | WY | SPEAKER_10 |
WY_KVOW_2024_12_29_06_30 | 316 | 1,388.815 | 1,389.615 | It's all redundant. | KVOW | 2024-12-29T06:30:00 | WY | SPEAKER_10 |
WY_KVOW_2024_12_29_06_30 | 317 | 1,390.215 | 1,393.196 | If one goes down, you can just go to the other one. | KVOW | 2024-12-29T06:30:00 | WY | SPEAKER_10 |
WY_KVOW_2024_12_29_06_30 | 318 | 1,393.216 | 1,395.217 | If you don't trust one, you can go to a different one. | KVOW | 2024-12-29T06:30:00 | WY | SPEAKER_10 |
WY_KVOW_2024_12_29_06_30 | 319 | 1,395.817 | 1,396.977 | And it runs the Internet. | KVOW | 2024-12-29T06:30:00 | WY | SPEAKER_10 |
WY_KVOW_2024_12_29_06_30 | 320 | 1,397.758 | 1,402.239 | And so if I wanted to take down the Internet, I would take down these 13 servers. | KVOW | 2024-12-29T06:30:00 | WY | SPEAKER_10 |
WY_KVOW_2024_12_29_06_30 | 321 | 1,402.579 | 1,408.301 | If I wanted to control the Internet, which every country wants to do, I would take over those 13 servers. | KVOW | 2024-12-29T06:30:00 | WY | SPEAKER_10 |
WY_KVOW_2024_12_29_06_30 | 322 | 1,408.881 | 1,416.184 | Because when I go to, say, CNN.com, for example, my computer doesn't actually go to CNN.com. | KVOW | 2024-12-29T06:30:00 | WY | SPEAKER_10 |
WY_KVOW_2024_12_29_06_30 | 323 | 1,416.983 | 1,419.584 | it goes to an IP address of cnn.com. | KVOW | 2024-12-29T06:30:00 | WY | SPEAKER_10 |
WY_KVOW_2024_12_29_06_30 | 324 | 1,419.964 | 1,422.624 | So it's got to look that up, and it goes to these domain servers. | KVOW | 2024-12-29T06:30:00 | WY | SPEAKER_10 |
WY_KVOW_2024_12_29_06_30 | 325 | 1,422.704 | 1,427.506 | It gets the information within a split second and then has the address to go to things. | KVOW | 2024-12-29T06:30:00 | WY | SPEAKER_10 |
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