Published on Dec 21, 2013
In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss the warty sea walnuts that are the populations floating through credit space seeking to soak up more debt to feed the pool of derivatives and fraud in which they live and breathe.
In the second half, Max interviews coder, hacker and author, Andreas Antonopoulos about Bitcoin. While, at the moment, Bitcoin is a shallow pool of volatility, it cannot be uninvented and is a a way of achieving consensus on a distributed ledger of assets without the ability to cheat. Its role as a currency is just the first 'app' on the bitcoin network; other applications could be stock exchanges and peer to peer lending.