LIVE with CLIF HIGH - HalfPastHuman.com - Bitcoin Price - Financial Collapse Coming In November?

transcript
show published  Oct  17  2018

00:20
[Music]
00:46
what's up everybody I am the crypto crow
00:49
I am still waiting on cliff high to hop
00:51
on
00:53
so it I figure I might as well just go
00:55
live it was scheduled for 12 o'clock and
00:57
and you know I'm sure he'll make it I
01:00
think he ran a little behind the last
01:01
time we we talked so hopefully he'll
01:05
just hop on and then we'll just start
01:07
talking to him and in the meantime I
01:08
figured I'd hang out with you guys kind
01:10
of look at what's going on in the market
01:12
a bit and see what's happening in chat
01:14
ah let's see what you guys got going on
01:18
who do I see in here I see Barbara
01:20
Taylor let's see here Greg Norman hope
01:26
cliff is putting the dogs outside that
01:29
might be what he's doing I know it's
01:30
like 9 o'clock in the morning for him I
01:34
sent him the link
01:35
I guess YouTube was having issues last
01:37
last night and I saw you to email me
01:39
like 11 hours like is this still going
01:41
and I got that email this morning and I
01:43
sent him home again everything is good I
01:45
checked everything everything looks fine
01:47
so you know hopefully hopefully all as
01:51
well
01:53
does he track substratum and amplify I
01:56
don't know but we can ask him
02:01
David Fraser please find out Cliff's
02:04
thoughts on the recent increase in
02:05
chatter around XRP swift and policy okay
02:09
duly noted it's going to break all
02:16
firewalls and decentralized access to
02:19
the Internet and all cribbed O's what's
02:23
up everybody
02:24
hey crow I forgot to ask last time would
02:27
you please ask him about blockchain
02:28
terminals since you were interested in
02:30
that project I am very very interested
02:32
in that project and I think you're gonna
02:34
start seeing a lot of influencers with
02:36
blockchain terminals coming up soon DM
02:40
suja tip $20 to ask a question it's
02:44
crazy sauce you don't have to do all
02:45
that ask cliff about quantum block
02:48
chains once he gets on please and thank
02:50
you that's a good question
02:52
you know one
02:55
well I don't know if it'd be considered
02:56
a quantum blockchain but I know
02:58
cardano's working on some stuff with you
03:01
know quantum quantum level security and
03:03
and things like that quantum to
03:05
encryption I think I'm not a hundred
03:07
percent sure those are some of the
03:08
things I wanted to talk about Charles
03:09
and talk about with Charles hello uh 20
03:17
dollars worth it a man if you're filthy
03:19
rich
03:20
you throw 20 bucks around like pocket
03:22
change more power to you
03:25
what's up crow is DJ chaotic chaotic
03:28
looking forward to sensi convention good
03:30
deal man I'm glad I'm extremely pumped
03:35
about Shane wise and we still have such
03:36
a long ways to go I actually had a
03:38
company I was really surprised by this I
03:41
had the company that it's actually one
03:44
that I wanted to invest in and I still
03:46
kind of do but they turned down an
03:49
invite to have an exhibit at chain wise
03:51
and I was like man like I made it so
03:54
cheap for companies with all the
03:55
exposure that they're gonna get I'm like
03:57
shocked to be quite frank with you do
04:00
you even lift
04:01
no I'm small I don't have pipes or
04:04
anything I've got my arms are big is
04:06
just because I'm an ogre but I honestly
04:07
I don't lift anymore right now I'm gonna
04:10
be starting though I'm gonna be starting
04:11
again very very soon
04:13
I don't think bitcoin is this bullish as
04:18
some of my fellow traders think the
04:19
whales aren't done with us yet uh you
04:22
know what I got an interesting call from
04:24
a friend of mine last night basically
04:26
telling me that he wanted to know if I
04:28
knew a place that he could get Bitcoin
04:31
over the counter in mass apparently
04:34
there's a there's a group from a
04:36
particular state known for money and
04:39
they are wanting a very very very
04:42
literally this way they want to buy so
04:44
much Bitcoin I don't think there's
04:45
enough of it in the market volume and
04:48
what I'm seeing is there are a lot of
04:51
people apparently going into buying they
04:54
want to buy Bitcoin but they don't want
04:57
to buy it on exchanges everybody is
05:00
trying to buy over the counter right now
05:02
and I would be willing to bet well I saw
05:04
the one article
05:04
over the counter Bitcoin volume is like
05:06
four times that of exchanges and so it's
05:10
crazy because it's to me I almost feel
05:12
like that shouldn't be allowed even
05:14
really I don't even know if it is and
05:17
and but well obviously it's allowed it
05:22
happens all over the place rich person
05:24
to rich person I mean its property right
05:26
I mean they the government can't have it
05:27
both ways they can't say well this is
05:29
property and and but you can't trade it
05:31
or sell it I mean I don't know I guess
05:34
they can but you know overall I know
05:37
that the rich people are gearing up and
05:41
and and they're they're buying in man
05:43
and I think they're trying to buy in
05:45
like Novogratz Mike Novogratz just
05:47
basically said that he expects the the
05:51
Bitcoin price to really start rallying
05:54
you know the first and second quarters
05:56
of 2019 and even he basically said he
05:59
doesn't see it getting higher than ten
06:00
thousand by the end of 2018 and you know
06:05
I think he's probably right because a
06:06
lot of people are kind of waiting for
06:07
the FCC to approve the CBOE the the Van
06:11
Dyke ETF and I absolutely think they're
06:14
going to so you know I I don't I don't
06:19
know we'll see but I think that things
06:21
are really gonna start going crazy I
06:23
think in the beginning of I think it's
06:24
almost gonna be a reverse of what
06:26
happened when you know the price is shot
06:29
up in January and then took a huge tank
06:32
well they I mean if you look at a church
06:34
I mean the pricing for Bitcoin really
06:37
started it like I mean it was prior to
06:39
December you know it's like November
06:42
December January boom and it was its
06:44
all-time high and then it started
06:47
tanking and I almost feel like we're
06:49
gonna have complete opposite effect
06:51
where things are gonna start creeping
06:52
creeping into January February we're
06:56
gonna get the decision then I think it's
06:58
probably gonna take off and then from
07:01
that point I don't know that it's ever
07:03
gonna come back down to be quite frank
07:05
with you I mean they're obviously gonna
07:06
have volatility we're gonna have some
07:07
swings because the retail markets gonna
07:09
be crazy but overall we're gonna have a
07:12
lot more very very wealthy people
07:15
holding Bitcoin
07:16
through custody solutions and things
07:18
like that and I don't think they're
07:20
gonna be selling it off you know and
07:22
we're not gonna have a bunch of whale
07:23
swing traders we're gonna have a bunch
07:25
of whale long-term investors that are
07:26
buying in and holding you know for 3 5
07:29
10 years and you know some of these guys
07:33
keep in mind some of these guys are so
07:35
rich in other places they're buying
07:37
Bitcoin is is something to put on their
07:40
mantle you know what I mean they're not
07:42
buying it to really trade it or do
07:43
anything with it they're buying it and
07:45
they don't care they don't need the
07:46
money so they can wait in and buy a
07:49
hundred Bitcoin a thousand Bitcoin
07:51
whatever and sit on it stick it on their
07:54
mantel to show people and then you know
07:57
not touch it until it reaches a million
07:58
dollars I mean that's just gonna be the
08:00
kind of the the nature of some of this
08:07
this bear market could push well into
08:10
2019 it's very true it's 12:12 I'm
08:13
really starting to get concerned on
08:14
where cliff is and what he's doing
08:16
hopefully he's not emailing me because I
08:19
don't have email or any access to any of
08:21
that stuff down here you know just
08:23
because this is my streaming system
08:25
I do nothing with this it's connected on
08:27
a different I mean everything is
08:28
different about this system so I don't
08:30
log into really anything so you know be
08:34
great you be if for some odd reason he
08:36
can't make it he would let me know but
08:41
anyway looks like there's a lot of
08:46
people in here waiting on him
08:48
cliff is tweeting now is he what's he
08:51
saying I have I have a couple phones now
08:58
I have some dummy phones now
09:01
so just since since AT&T; likes to give
09:05
away my my phone number to people he's
09:10
waiting for me I'm already in here I'm
09:14
in chat right I'm in right here I'm
09:15
waiting on him I sent him the Xoom link
09:20
there he is there he is
09:25
I see them coming up water and stuff I
09:34
got to do all that before I do done
09:39
recording here a cliff if you can hear
09:43
me we're live right now I'm a he's here
10:00
but he's he's still busy he's doing some
10:03
stuff I think he's trying to get stuff
10:05
situated so I muted him because there's
10:07
I don't think he realizes that we're
10:08
alive and I don't understand he think
10:10
that he doesn't want other people to
10:12
hear so he's coming he's here I'm gonna
10:16
get rid of myself down here there we go
10:24
so once he's ready I'm sure he'll come
10:25
on and we'll go from there
10:32
let's make this fullscreen you there
10:38
cliff all right I guess I'll know uh
10:46
when he shows up I need a key light I
10:51
did I didn't put my key light up yet I
10:53
need a key light behind my head flex for
10:56
the camera Crowe yeah I really don't
10:59
have big arms I mean like I don't know
11:02
the only muscle I have is from carrying
11:03
a bunch of fat around on the giant frame
11:05
that's pretty put pretty much all I've
11:08
got but there you go he may spill some
11:12
secret beans yeah you might you know he
11:15
could have government agents over there
11:17
or something questioning him and
11:20
either that or it's his wife he just
11:22
let's make sure his wife's taken care of
11:23
before you sit down chats for as long as
11:25
we chat any workshops that chain wise oh
11:29
that's interesting
11:30
um I have not structured any yet but I
11:33
think it could be a good idea cuz I've
11:35
actually had more than one person ask me
11:36
if there were gonna be any I told tone
11:38
base if he wanted to do something oh
11:40
wait here we go I think I see him
11:42
alrighty hang on a second how you doing
11:45
there cliff doing fine how sound oh you
11:49
sound fantastic and we are live now just
11:52
so you know so I know if you're going
11:55
live or not I got a drink coffee here
11:57
it's early in the morning all I had
11:58
completely understand okay guide
12:03
well I'm said anytime you work okay well
12:05
we're here so we've let me get rid of
12:10
this panel here let's see here
12:15
well I wanna okay trying to figure how
12:19
to make this look the best let's make my
12:21
giant body a little smaller down here
12:24
you make me bigger it shrink you by
12:26
proportion yeah exactly
12:30
now and I know you can't see me but
12:33
everybody on YouTube can see me but it's
12:36
just if you remember it's kind of the
12:38
way my thing works it's a little wonky
12:40
on clothes there we go okay all right so
12:45
here we are a lot of people 350 people
12:51
in chat now somebody who really wants to
12:56
know before we get started in discussion
12:59
he asked he said ask cliff about quantum
13:02
blockchains
13:03
once yeah okay so there's a tendency for
13:08
people to throw everything at the
13:10
blockchain okay kitchen-sink blockchains
13:13
that kind of thing blockchain sir you
13:15
have to understand what they are they're
13:16
a distributed ledger which basically
13:18
means they're a flat non-sequel database
13:23
and they're really slow okay because
13:26
they in order for a blockchain to work
13:28
you've got to have at least X number of
13:30
computers that all agree that they're
13:31
looking at exactly the same
13:33
block no ambiguity so blocks chains
13:37
being used for other things like you
13:40
know passing video or E or even e email
13:42
doesn't make a lot of sense and in on
13:45
the other side of that a quantum machine
13:47
doesn't work like a regular computer so
13:49
a quantum machine could not actually
13:52
implement a block chain
13:55
can't be done because a quantum computer
13:57
is an analog machine that that like
13:59
flashes and so you can think of a
14:01
quantum computer this way you're in a
14:03
room it's absolutely dark
14:05
you've just been plopped in there but
14:06
you've got yourself a flash camera okay
14:08
and the room has stuff in it and in the
14:12
quantum effect occurs when you push that
14:15
flash camera and you get a single flash
14:17
to illuminate the room for that
14:19
millisecond and you've got to use your
14:21
eyes to pick out what you can see and
14:23
where they are because you've got to use
14:25
that only that single flash to navigate
14:27
that's what a quantum computer arc is it
14:29
basically just takes a flash of reality
14:31
and distills it down to answer the
14:33
question that you're trying to answer
14:34
because it's been sort of framed around
14:37
that question but they're not
14:40
computational machines the way that
14:42
digital computers are so so quantum
14:44
blockchain ain't gonna happen you don't
14:47
think so
14:47
no no because see a blockchain it sits
14:51
there okay so I've actually got
14:52
equipment here I'm gonna set up as a
14:54
mining operation and what a miner does
14:57
is it maintains the blockchain it's one
14:59
of those computers that sits there and
15:01
agrees that it's looking at the same
15:03
records with all the other computers and
15:05
so so I know this stuff way deep okay
15:09
and so here's something else about
15:10
quantum machines and versus regular
15:12
computers in a regular computer if I
15:14
wanted to if I wanted to be that tedious
15:16
I could actually either print out the
15:19
assembly language print out the byte
15:21
code my code print out the original
15:23
programming language itself and do it by
15:26
hand but I could reduce that programming
15:29
instruction the complete program down to
15:32
a series of lines that are assembly code
15:34
that I could look through each and every
15:35
one of these you do this as a programmer
15:37
for optimizing because frequently
15:39
compilers are a little ambiguous and you
15:41
can make the assembly language a little
15:43
bit faster that kind of thing right but
15:45
but the reason you
15:46
would wanted to it is for proof of
15:48
execution and that is to say I can see
15:51
each and every one of these lines I know
15:53
that the computer will do each and every
15:55
one of these lines in sequence and so on
15:57
so I can be absolutely certain that I
15:59
know what the computer is actually doing
16:01
to arrive at the conclusion such things
16:03
are not possible with quantum machines
16:05
you are not able to analyze any of the
16:08
execution of the code you basically give
16:10
it at your setup as state and then you
16:13
analyze the state once the quantum
16:14
effect has been been caused and that's
16:17
how they work so so people have a kind
16:19
of a they shouldn't have named them
16:20
computers because they they don't
16:22
compute the way we think of as a digital
16:24
machine computing so sorry sorry to get
16:26
divert diverted there but so a lot of
16:29
people think oh oh you know quantum
16:31
computers are gonna crack all the hash
16:32
codes on blockchain well
16:34
it's really expensive yes you could
16:36
actually probably use a quantum computer
16:38
to crack an individual hash on an
16:41
individual coin and it might take you
16:44
four or five days to set up the code a
16:47
day to run the operation a day to
16:49
validate that the operation ran
16:50
effectively because bear in mind quantum
16:52
computers are doing good if they reach
16:55
78 percent accuracy and 78 percent
16:57
effective conclusions because of the
17:00
nature of this sometimes the flash
17:01
doesn't work the way you want it so
17:03
about 20 percent of all of the times you
17:05
fire off your your Flash it's not going
17:07
to happen and the same thing with
17:08
computer with the quantum computer
17:10
twenty percent of the time the results
17:11
are garbage they're trash and just throw
17:13
them out so so it could be used to crack
17:16
an individual hash but it's never gonna
17:18
be able to you know crack the blockchain
17:21
and get everybody's coins it just
17:24
doesn't work that way gotcha yeah I've
17:27
been there bits of comments coming in
17:29
and I've been changing I've been adding
17:30
your you know half past human and and
17:32
just sizing everything making sure
17:34
everything works well while you're
17:36
answering that first of all I want to
17:38
say thank you for joining me again sure
17:41
it's actually you know it's always
17:43
exciting to listen to you just because
17:44
there's you know III learned a lot of
17:47
things I know nothing about and I'm
17:48
exposed to things I know nothing about
17:50
and it just drives me further to go out
17:52
and research and learn so you
17:56
so what what's new with you before we
17:59
get into some of this other stuff like
18:00
what how are you doing since we last
18:02
talked doing much better physically
18:05
recovering from my surgery and the
18:07
problems I've had and I've restructured
18:09
some of my long term goals so not to
18:17
bore you or anything but I had a
18:18
particular mindset that was induced in
18:20
me by the the condition that I had and
18:23
once I had the surgery and and the
18:26
condition was cured I got into recovery
18:27
now the mindset has changed because I
18:30
can see myself living out a number of
18:31
years and so I'm I'm basically going
18:34
back to school so I dive diving deep
18:37
into coding for handheld devices that's
18:42
step one then I'm going to get into AI
18:44
in a real serious way and then on to
18:46
robotics over the course of the next
18:48
year or so and in the meantime because
18:52
of the stuff with some of the other code
18:53
that I'm working on I've gotten into
18:55
dark web explorations which is really
18:58
cool yeah yeah I stay away from that man
19:02
I I just I don't know what's real and
19:05
what isn't but the dark web just sounds
19:07
like you never know what you could find
19:09
in there yeah it's it's you know they
19:13
put a label on it like like it was some
19:17
kind of a thriller movie but you know
19:18
it's it's funny because you've got an
19:20
HTML page you've got a web page sitting
19:22
right here on the server and then right
19:24
underneath it is a dot onion page both
19:26
of which are text both of which are
19:28
stored as machine language yet one is
19:30
the dark web and the other isn't right
19:32
it's simply because of the the indexing
19:34
it's dark because nobody um scans it
19:36
there's no crawlers to provide indexes
19:39
for you and things but it's where most
19:41
of the internet lives 97 percent of the
19:44
Internet's not indexed so yeah Google
19:48
doesn't know anything at all about them
19:49
Oh Google speak of quantum computers
19:51
that's really what they're gonna be used
19:52
for is to back up internet searches so
19:56
here's where we're at now on a
19:58
functional level there's even though
20:01
they're only indexing about three
20:03
percent of all of the servers and all of
20:05
the files on the servers so only about
20:08
three percent of the web
20:10
Google is running into performance
20:12
issues in executing searches all the
20:14
search engines are and that is because
20:16
there's just so much crap out there and
20:18
us humans keep producing more crap to
20:20
index and then also to search against
20:22
and so it was estimated that to do an
20:24
effective complete and correct in the
20:27
computer censuses of those two words I
20:30
mean at a formula sztyc level search and
20:32
then validate that indeed the search had
20:34
completed all the way through google
20:37
estimated it would take their search
20:39
engine three days to provide the output
20:43
from that search to do the search and
20:44
then provide you with the output and
20:46
basically here's what they're running
20:47
into you know you go to do a search on
20:50
Google you type in you know Fred
20:52
MacMurray and it says 6.5 million hits
20:55
or something
20:56
well it's only showing you 20 okay it's
20:59
not showing you 6.5 million of those
21:01
records that it thinks relate to your
21:03
search it's just telling you that that's
21:05
the estimate that it could drill down to
21:07
if it wanted to it's not in any way
21:09
telling you about duplicates or about
21:11
miss pointers or any of this other sort
21:13
of stuff and and even then Google does
21:16
everything it can to risk basically
21:18
restrict your key clicks to the top
21:21
three so it really only has to provide
21:24
you with with three hits for your search
21:27
that may go towards your towards you
21:33
know solving your question or meeting
21:35
the conditions of your search the more
21:37
in-depth your search query you know
21:39
instead of saying you know or or what
21:46
what birds produce flu eggs if you just
21:50
put in blue eggs you're gonna get an
21:51
entirely different set of searches right
21:52
if you put in what birds in North
21:54
America produce blue eggs and you get
21:57
even much tighter search and Google
21:59
likes these tighter searches because it
22:01
uses that in their elimination process
22:02
to drill down for you but basically
22:05
they're trying to get you to only look
22:06
at those top three and then they give
22:08
you twenty but they're back filling
22:11
those other pages reinstituting the
22:14
search basically with a pointer into it
22:16
as you go in to drill down on it they're
22:20
trying not to search the crap beyond
22:22
that first page because
22:23
is mostly 99% of time you're not going
22:26
to look at it and it's really difficult
22:28
and it really cranks out on the servers
22:31
in terms of the digital comp
22:32
computations that are required so what
22:35
they're hoping to do is to have quantum
22:38
computers fire off that flash get that
22:41
quantum state pull out of that quantum
22:44
state the exact one two three five ten
22:48
that you really wanted to see out of the
22:51
entire 6.5 million without him because
22:54
he right now those six point five
22:55
million are arranged basically in a
22:56
hierarchy that goes on an ID value so
22:59
they've got to be stepped through
23:01
independently one or a in sequence each
23:04
one after the other and that's what
23:06
these digital computers are bogging down
23:09
they're grinding to a halt with all of
23:10
this crap that we're producing that
23:12
needs to be indexed and searched through
23:13
because fundamentally searching
23:15
sequentially one after the other after
23:17
the other after the other as very finite
23:19
limits for both retrieval as well as
23:22
mathematics that's what they're hoping
23:24
to use quantum computers for and so far
23:26
it's sort of work I mean they've got a
23:28
78% effective rate showing at the Google
23:33
site with their quantum computer and so
23:36
there may indeed be some hope to it now
23:38
the problem at the moment is you can't
23:40
just sit down at a quantum computer and
23:41
start typing and hit enter and expect an
23:44
answer back because you have to do all
23:46
this qubits setting up and so it's a big
23:49
process a lot of rigmarole and at that
23:52
level it's expensive and so we're
23:54
probably some distance in time and two
23:58
at least two key epiphanies about how
24:04
this stuff works before we can actually
24:06
stick a quantum computer on the other
24:08
side of that server line and have them
24:10
start feeding our searches to us
24:12
realistically you know from from I mean
24:15
my own personal guesses nobody uses page
24:18
two everybody says that the if you ever
24:20
want to hide a dead body hide it on page
24:22
two a Google and like notice there I
24:25
mean the only time anybody the only time
24:27
page two comes into effect as if you're
24:28
searching for porn like you get tired of
24:31
what's on page one and you might move
24:33
down into page two and three outside of
24:35
that nobody really even
24:36
get stood page tooks they find what
24:38
they're looking for in the first five
24:39
legs typically anyway yeah this the the
24:43
problem with that is the one I found
24:45
with Google
24:47
if you cross compare Google to some of
24:49
the other search engines okay like
24:51
DuckDuckGo or even Northern Lights or
24:57
especially in especially the Russian
24:59
search engines even on the same query
25:01
you find that Google is using an AIA
25:04
there that is using some kind of an
25:07
aggregated Associated and words so
25:12
here's the thing if I do a search on
25:14
Google for a specific thing frequently I
25:16
do go down to page five six seven ten
25:18
whatever because I'm actually looking at
25:21
the patterns that the search results
25:23
itself reveals not just the information
25:26
right and I frequently find that Google
25:29
is is not censoring or anything they're
25:32
steering you based on other language and
25:34
your query what they happen to know
25:36
about you because they're looking you up
25:38
on their records as you're doing these
25:39
searches and so they're that aai is
25:42
actually bubbling you okay it is it has
25:46
a tendency to present those records it
25:48
thinks that the software thinks you want
25:51
to see as opposed to all of the records
25:54
that are available to be seen and so
25:56
it's it's kind of like um which is based
25:59
off a lot of like social signals and a
26:01
lot of outside activity basically Elling
26:04
the algorithm that this is valuable this
26:06
is worth being seen by other people
26:09
correct but that's not necessarily
26:11
always true and then this is where this
26:12
is where anybody with a political bent
26:14
can come on in and simply play some
26:17
check marks in the database that
26:18
controls the actions of what the AIA
26:21
seeks about you and then Bob's your
26:24
uncle you know whole political realms or
26:29
are screened out so and actually see
26:34
part of the thing I was looking at on
26:36
the dark web was everybody says oh well
26:40
you know it's for porn and drugs and
26:41
well yeah or hitman but for criminal
26:45
activity right I would agree that 99% of
26:48
the activity
26:49
the dark web is indeed criminal in one
26:51
way or another but but only say let's
26:54
say just hazard a guess 15% or less is
26:58
involved with either with any crimes
27:01
against a person and a deliberate level
27:03
all the others are crimes against
27:05
institutions in law so a lot of the
27:07
people that are on the dark web are
27:08
there because the countries they operate
27:10
in would have them shot if they trace
27:13
their activities to Google or any other
27:15
of these activities right a lot of the
27:17
people on the dark web are true
27:20
whistleblowers and they're putting out
27:22
stuff that they know in a way that
27:24
protects their identity so they don't
27:26
get killed by any of the giant aerospace
27:29
corporations when they reveal they are
27:31
actually working on a back-engineered
27:33
ruch space alien spaceship that kind of
27:35
thing
27:36
so the dark web serves us huge great
27:38
purpose and I would have to say like
27:40
like my guess is about 85% of it is not
27:43
related to drug sex or murder right it's
27:48
alright the other 85% is related there's
27:51
a bunch of junk there's a bunch of
27:53
weird-ass stuff out there but that 85%
27:56
is in the main it appears to be people
27:59
promulgating a whistleblower story or
28:03
releasing information for whatever
28:05
reason and at whatever level of accuracy
28:08
I'm not verifying that they're at that
28:09
these guys are accurate or there
28:11
anything more than LARPers but it does
28:13
lend credence when you're putting a
28:15
story out on the on the onion Tor
28:18
network as opposed to putting it out on
28:20
the web because you're in one you truly
28:24
have to go to some lengths to try and
28:26
hide your identity to do it effectively
28:27
on on the dark web Wow yeah I'm
28:31
fascinated by the dark web but I'm
28:33
scared to death of it at the same time
28:35
it's just like it's like one of those
28:37
places it's like I don't know what the
28:41
bar on Tatooine with all the bounty
28:43
hunters and the crazy people in Star
28:45
Wars like you know I know they're there
28:47
and they can all enjoy themselves I
28:49
don't necessarily need to participate
28:51
I'll just keep my narrow ass outside
28:53
safe even though I probably myself and
28:57
other influencers are probably topic for
28:59
discussion on a lot of those places and
29:01
you know I
29:02
yeah
29:03
yeah that's something else I should I
29:04
should tell you there that if you want
29:05
to find out who's letting out a contract
29:07
on you this is the way to go right get
29:10
yourself a tor browser and start
29:12
learning how to do it right yeah like
29:15
when I come up I get alerts on what
29:18
information of mine is on the dark web
29:19
all right now I don't know how good it
29:22
is but you know like LifeLock you know I
29:26
get yeah I wouldn't trust any of that
29:28
crap do you the dark web is a not a
29:32
stable business environment okay so you
29:35
might for instance well one of the major
29:37
search engines for the dark web is caput
29:40
they're just not operating it anymore
29:41
for whatever reason well and oh yeah
29:44
yeah and this stuff happens all the time
29:45
and it was like the sixth major search
29:47
engine that particular year and this is
29:50
torch that I'm talking about but you
29:53
know there's dark web wiki and some of
29:54
these others but I wouldn't trust the
29:58
the commercial operations that go into
30:01
the dark web to ostentatiously say oh
30:06
we're gonna provide you with the
30:07
information look up and see if someone's
30:08
got a hit out on your this kind of thing
30:10
well yeah it's more like we found your
30:12
email address on the dark web kind of
30:15
stuff oh I got you that sort of stuff
30:16
yeah very basic it's not like yeah
30:18
someone's selling drugs on dark web
30:20
using tor under your name like it's
30:22
nothing like that it's just you know I I
30:25
know that with all the hacks like the
30:27
Equifax and the Facebook and all these
30:29
data mining hacks that information is
30:31
basically being sold in bulk on the dark
30:34
web and so it's basically letting you
30:36
know hey you've got it some personal
30:38
information that's out there you might
30:39
want to change it it's kind of what it's
30:41
saying okay and if that's the case if
30:43
you're talking about the bulk sales of
30:45
the data and stuff and say that I that
30:47
kind of stuff I classify with the you
30:49
know sex drugs and murder the site of
30:51
the dark web by the time they find your
30:54
name it's already been sold right okay
30:56
because the bulk zipped files are
30:58
further encrypted and they're not
31:00
exposed until the deal is done and then
31:02
they're transferred so they're not
31:03
actually ever resident anywhere that
31:05
they could be picked up and searched on
31:07
by anybody search plus the plus what's
31:10
really funny here what's really goofy is
31:13
that the corporate people
31:15
some of the like the LifeLock and some
31:17
of these other companies are leaving I
31:20
mean these guys are like a bunch of New
31:22
Yorkers out here in our woods
31:24
okay people that are used to streets all
31:27
of a sudden finding themselves in the
31:28
deep dark woods and they just don't know
31:30
how to navigate because they're leaving
31:31
trails all over to hell and gone they're
31:34
picked up even by you know casual
31:37
observers like myself so the thing about
31:42
the dark web is you're vulnerable going
31:44
on to it if you know what you're doing
31:46
while you're on there you're using a VPN
31:48
and you got your your camera you know
31:50
occluded all of that kind of stuff
31:53
you're safe but when you exit you're
31:55
also vulnerable and so it's that those
31:58
two points you really need to guard your
31:59
security on this the corporation guys
32:02
looks like I don't know where they
32:03
trained them but they're not doing
32:05
anything to guard themselves as they
32:06
exit back to regular web stuff so if you
32:09
ever get on the dark web don't casually
32:11
use the tor browser to go in over into a
32:13
Google search on regular HTML pages
32:15
because you've got to go out of the Tor
32:17
to get to the regular HTML to do that
32:19
and it's at that server that you leave
32:21
trails ok Superman came on you know sue
32:33
Bowman
32:33
are you familiar Superman sorry no no
32:37
he's actually he's my opinion he's
32:41
probably one of the biggest crypto
32:42
youtubers on YouTube and you know every
32:47
time the son of a bitch goes lives he
32:48
sucks up all the traffic from the rest
32:50
of us and but anyway he came on he asked
32:54
me last week how did you get cliff to do
32:57
an interview I'm like I just emailed him
32:58
he was super cool and I think he's
33:00
interested in talking to you but he did
33:01
have a question he said ask cliff what
33:04
he thinks of blockchains like credits
33:06
and sparkster that are achieving one
33:09
point five to ten million TPS and if
33:11
that's just it need not be
33:15
okay
33:16
here's that here's the the concept they
33:19
could indeed be engineering it the
33:22
would come in that they're
33:23
claiming it's 100 percent on the
33:24
blockchain
33:25
because it's kind of like the idea of
33:27
the Lightning Network
33:29
because you know whenever anybody says
33:30
to you well we're gonna implement a
33:31
lightning Network or whatever be aware
33:33
that's that's centralized off chain
33:37
verification and math and then they
33:40
insert it back into the blockchain to
33:43
get the consensus and everything so
33:44
there's a chunk of your your stuff
33:46
that's going on off the blockchain
33:48
so yeah bitcoin is slow and there's a
33:51
ton of ways to really speed it up that
33:53
don't involve lightning Network but
33:55
there are people that are going to be
33:57
doing lightning Network kind of things
33:58
there so if you built that process into
34:02
your your your mining operation you
34:07
could do this very effectively where
34:09
there would be off chain reconciliation
34:10
and and take off some of the performance
34:13
of the actual computation bear in mind
34:15
most of the blockchain okay alright so
34:18
let's divert for a second oh well let me
34:20
let me stop I don't believe they're
34:23
doing it a hundred percent on the that
34:26
level of transactions per second on a on
34:28
a regular mined blockchain they unless
34:32
they're using nodes that are attached to
34:35
some supercomputers that are like owned
34:37
and then you're basically talking about
34:38
a centralized chain okay so so it seems
34:41
very hard to imagine that they're
34:42
getting that kind of throughput just
34:44
because of the consensus algorithm I'd
34:46
actually have to look at the code and
34:47
see if they've come up with something
34:48
new if they have they should really
34:50
patent the ability to do that absent the
34:52
patent to that I would suggest if
34:54
they're doing some form of what we can
34:55
think of as a lightning Network style
34:57
which is a side chain or a sister chain
34:59
or child chain or sibling chain that
35:02
does the reconciliation and then feeds
35:03
back in okay so now here's the thing
35:07
about blockchain we are spending most of
35:09
our electricity for Bitcoin and we'll
35:13
just use Bitcoin as an example but it's
35:15
appropriate for almost all the coins
35:17
we're spending 90% at least maybe as
35:22
high as 99 percent of all the
35:24
electricity for the blockchain in doing
35:26
the hash okay and that's where it just
35:30
sits there and crunches and crunches and
35:31
crunches to get the hash for the for the
35:34
to meet the sha-256 criteria algorithm
35:38
and that's where most of the consumption
35:40
and processing power is and yet it seems
35:43
useless no one's ever tried to crack the
35:45
hash it's it's not really doable to go
35:49
to an individual record in blockchain
35:52
info on Bitcoin pull up that record that
35:55
block and attempt to crack the hash
35:57
because you're not ever really good to
35:59
get a Bitcoin there you would need to
36:01
have a complete block on either side of
36:04
it and maybe even two in order to have a
36:06
hope of stealing any of the Bitcoin
36:09
that's encoded within that hash so we're
36:11
trying to protect something that can be
36:15
protected with a much smaller degree of
36:18
hashing algorithm that wouldn't consume
36:22
so much power or time so Bitcoin could
36:25
be speeded up in my way of thinking and
36:27
I was just back at the envelope kind of
36:28
calculations by a factor of 10
36:32
by reducing the hashing value in half
36:34
and the hash of the hash 256 or the
36:38
sha-256 hash if we reduced in half it's
36:42
my personal belief that we would suffer
36:44
zero increased vulnerability as a result
36:48
of only that so so yeah you know they
36:55
may be really fast but I don't think
36:57
it's like I don't think it's all on the
36:58
chain yeah I mean I've seen something
37:02
like there are a lot of projects that
37:04
are now claiming you know million
37:06
transactions per second three hundred
37:08
thousand five hundred thousand and so
37:09
forth and you know I think everybody's
37:11
you know I mean I you know a few months
37:16
ago it made it made sense for companies
37:18
to be using that as kind of their their
37:20
their big claim to fame but I think
37:22
anymore it's being claimed by a lot of
37:24
different companies and just like I
37:27
think it might've even have been you
37:28
that said you know a while back look a
37:30
million transactions per second doesn't
37:32
mean squat if it's just ones and zeros
37:34
that mean or do nothing I mean it's it's
37:36
data transfer it's you know what do
37:38
these transactions actually mean to the
37:40
blockchain
37:41
or the use case that's what's really
37:43
important you know so let's let's stop
37:46
right there - and let's also acknowledge
37:48
that this drive towards transactions per
37:50
second is being forced on the blockchain
37:53
community or not forced on it was a
37:56
kind of a trick from Visa and MasterCard
37:59
they let out that you know we're
38:01
processing forty four million
38:02
transactions etc etc and so the the
38:06
transactions per second meme that whole
38:08
thought process is it is trying to
38:11
compete with them
38:12
but we've got to acknowledge in the
38:14
point-of-sale system the POS system the
38:16
point-of-sale system the blog down is
38:18
not the back-end processing okay it's
38:21
the network and all the other stuff in
38:23
between so the actual movement of the of
38:25
the transactions in the centralized
38:27
machine that is Visa or
38:30
or MasterCard it happens like that and
38:33
they can still be bogged down by what's
38:35
going on on the network in between same
38:37
thing is true with the blockchain itself
38:38
except we have the other slight slowdown
38:42
which is that on our back-end processing
38:44
or a whole bunch of pcs or computers
38:47
that are all in their own little network
38:50
basically trying functioning as a single
38:53
point of contact for that point of sale
38:56
so again even if we were able to
38:58
increase the transactions per second on
39:01
a blockchain to reach those that are
39:02
claimed by MasterCard and Visa we're
39:05
still gonna have network issues you're
39:06
still gonna have to wait there for that
39:08
damn machine to accept the swipe on the
39:09
card and process it and drop it onto the
39:11
line get the connection get the
39:13
acknowledgement send the information
39:15
wait for the return etc etc okay I'm
39:20
getting man a lot of people are telling
39:22
me how great you look by the way oh well
39:25
thanks thanks I'm feeling pretty good
39:26
yeah you do look good you do look good
39:29
what please ask cliff his opinion on the
39:33
blockchain terminals again a temporary
39:39
idea in space that's more of a marketing
39:43
kind of an issue and it'll be soon
39:45
superseded by changes in the technology
39:48
as we go forward you think so
39:50
thank you I saw I've seen the blockchain
39:54
terminals at work and basically what
39:57
they're gonna offer traders and I'm I'm
39:59
I was personally pretty blown away and a
40:01
lot of the stuff isn't really public yet
40:03
it's the problem so okay so yeah all
40:06
right well without discussing that my
40:10
my thing is just a generalized paradigm
40:12
right in their sense that not that the
40:18
terminals can't do it as well but
40:20
there's there's been a bunch of
40:22
breakthroughs in support AI okay
40:28
so human decision-making support AI is
40:31
different from the general smart AI that
40:35
they're trying it out there which we
40:36
know now craps out against human traders
40:39
okay I don't know if you're aware of
40:40
this or not but they ran a study of the
40:42
past year and those hyper conceit
40:45
traders that we're using AI were 7%
40:47
we're at a 5% to 7% return whereas human
40:51
traders were 13 to 18 percent really
40:53
really right because the AI and here's
40:57
the thing AI is really smart but it's um
40:58
it's got tunnel vision and so if you
41:00
tell it to look for a pattern it will do
41:02
its best to find that pattern even if
41:04
it's in noise we're not signal right and
41:07
since so much market activity is noise
41:09
and you know Aunt Martha freaking out
41:11
because of something outside the markets
41:13
entirely but telling her broker to sell
41:15
that kind of thing intrudes and so ai is
41:18
making a lot of bad decisions when left
41:20
on its own relative to trading so we
41:22
won't see at this stage unless there's
41:24
some huge breakthrough there we won't
41:26
see a self-contained AI that is trading
41:32
against human traders effectively now
41:35
what some people are doing though is
41:36
they're engineering
41:37
AI to provide decision support matrix to
41:43
your decisions in real time as you're
41:45
making them and in the software I've
41:47
been allowed privileged allowed to have
41:51
a look at is his phone based what so you
41:57
know be able to just dial it up on your
41:59
smart phone and go what do you think
42:01
about these blockchain phones like the
42:03
Syrian labs barching and I guess 1dx
42:07
yeah exactly it's a marketing thing
42:09
right I've worked in the telephony
42:11
industry and in fact that was my second
42:16
second major a second major a computing
42:21
job was with a
42:23
Oh SP and other service provider and so
42:25
I've been with the telephony at the
42:27
backbone level since the women 81 maybe
42:31
and so I've seen a lot of it at that
42:33
level and you know any of these kind of
42:36
things again try and go play the
42:38
blockchain to it who benefits
42:39
blockchains are about consensus and
42:41
about we're agreeing that this record is
42:43
exactly this record and is not being
42:45
double spent anywhere else that's the
42:47
whole point of the blockchain is the
42:49
consensus algorithm and the distributed
42:51
ledger so this is the blockchain equals
42:54
sophisticated computer accounting and
42:56
nothing more blockchain does not equal a
42:59
way to pass videos back and forth or
43:01
doesn't offer benefit to anybody for any
43:03
of that kind of stuff but if you're in
43:05
the money business and you're in the
43:06
trust business and you're in the
43:07
accounting business you're gonna be
43:09
living in blockchain from the next
43:10
hundred years makes sense yeah I can get
43:15
down to the code if you want but I'm
43:17
sure you could I would have a clue what
43:20
you're talking about but but yeah I you
43:24
know I'm actually curious to see where
43:25
that some of this blockchain phone
43:26
technology does go take us I mean it
43:28
right now I do feel it's a little
43:30
gimmicky but I get I think it really
43:31
just kind of plays into what sort of use
43:34
case and in you know software
43:37
applications and how it's connected
43:39
there's actually one project two
43:41
projects actually that I'm personally
43:43
very interested on your perspective on
43:45
two of them I've done recent videos on
43:48
and they're - some of my favorite
43:49
projects a on and matrix AI
43:52
and I'm hoping to god you don't tell me
43:55
they're both
43:56
but not familiar I don't think I'm
43:58
familiar with them with them I think
44:00
I've heard of the a on but uh the matrix
44:02
AI is new one okay so I guess the most
44:05
important that I would think for you
44:07
know long term is a on and basically a
44:09
on is a it's it's it's a protocol that
44:13
enables different block chains to kind
44:16
of share data and work together
44:18
oh okay convergence there in their in
44:21
their convergence sweeper arena sure
44:24
that's a that's go Edited Saturday at 09:30 AM by LocoCharlie