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Really -- -- the financial times of London deals the newspaper it reports that a CFTC that will be the Commodity Futures Trading Commission.
Looking into regulating bitcoin.
Our next guest runs a website that sells luxury goods and totally takes payments in the form all the -- Cohen's.
Joining us now is Alan Silva Vista so that the cameras this way a guy because there's now and I got back -- -- I think it's legit.
So regulates -- bitcoin.
On the grounds that it is totally anonymous and is being used to purchase drugs and the guns for example I think it's legitimate.
For the authorities to exercise some caution and some influence of the bitcoin.
I know that separate from -- -- saw the what do you site.
Yeah I think bit the -- growing community an enemy especially I think guy -- -- regulation and it's a matter of of land not F you know we know it's gonna come.
The currency is still in its infancy so we have we have a ways to go ecosystem is gonna develop from here.
You know -- that has released -- guidance as to.
You know how they wanna regulated by -- at this point it's just guidance and I think the government -- its way around.
-- we are not on our program yesterday this -- and interviewed Charles among -- Who is the senior guy along with Warren -- I just -- -- just listen to what he said is very brief just that what he said about bitcoin.
I just have to get your thoughts.
Bought bitcoin -- this this digital currency that's out there that people say oh it might be the next big thing what do you think.
I think it's rat poison.
Just to be -- they -- -- he called it rat poison.
But Alan I know if you heard -- no influence over Charlie Munger whatsoever but I think you can tell the strength.
Of the of the feeling here on the big points should be regulated.
If it were -- regulated.
Do you think it would help or hooked you all business.
You know I I think the word is acting as middleman.
Just facilitating transactions and buyers and sellers in this high end market.
You know I think that city that has to evolve we'll see where it goes we keep a close eye on it but it's -- a bit premiere was created.
As to fill the void in there -- marketplace is evolving.
Date to date there hasn't been a high end centralized marketplace -- these items so we just wrote an open the -- up to a new universe of.
Offer -- just one of my truck got this right you run a web -- that connects.
Buyers and sellers -- luxury items and the currency of exchange we've got some fancy cars and yachts on the -- the moment the currency of exchange using your website is bitcoin is that correct.
That's correct we transact -- rights act and about how you conduct business because as I see it's bitcoin was was.
Vote one bit corn 266 dollars that it was fifty bitcoin and who one -- that.
Fifty dollars -- one -- -- -- a 110.
How -- -- conduct business -- that kind of volatility.
He had I think guys you know we're not going anywhere we're going to be around for along time and I think has stated in the ecosystem -- -- is.
Indeed the ups and downs of the disputed ballots today -- -- Heidi obviously.
When the prices up people -- be looking to spend a bit coins in the prices down sellers are going to be looking to sell their items and so a lot.
You know over time you'll -- -- -- it'll be more stable currency you know that it will be you know that better he's got -- -- -- -- disabled so that that's very interesting position you take -- -- -- -- the man in the middle.
And you're writing opening up a new marketplace for interest and Alan Silva it.
Bit from the thanks for joining us appreciate it thank you thanks for had a -- the.
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