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-- with deep in debt that's what Bart has to say there and you know we heard from the regulators that's his point of view on that point what -- regulation will mean for the industry.
Let's -- let's ask points that are founder and CEO -- journal exec who Lucas said that excuse me.
And you heard the interview in her when he's he's still pretty committed -- -- for years to soundscan.
Day and you know I think we as a company are kind of on the same side as part I fully expect to be regulated ten years from now.
I -- ten -- how about a year I think it could -- here about now I think that there is a lot to be figured out before then and that -- coin is.
You know I mean certainly when it comes in derivatives futures I think there is an argument be made that stack the -- regulation of the CFTC.
Okay see you're -- here you are saying I mean there is certainly an argument to be made to regulate it.
What would you say to them that they were gonna come and regulated how would you advise the CFT say.
Suit to regulate yeah I would I would.
SS the CFTC is to remember that bitcoin is very much an industry.
And so when you think about it by the industry and -- quite how it is similar and different take commodities securities.
And that currencies.
You know had when thinking about capital requirements I think that they should favor -- creating an industry that.
Hi is good for the customer and not just by creating companies that are of really capitalized to you making company.
So please seeing someone like Charlie Munger who told -- on Monday it's it's rat poison -- -- -- -- -- -- this game I mean.
You've got you know some of the biggest smartest money on Wall Street that says this is this is dangerous.
Yeah yeah when I'm I'm very good friends with Charlie actually and -- That's.
As the army guys there we you know I I certainly don't see it as rat poison I would love to be very interested to hear why he says sex obviously is a very Smart person -- -- You know I think bitcoin is its own animal it's very much the future and where the financial industry is -- -- -- market moves at a rapid pace so when you look at.
By the volatility and they coin you know -- pick the volatility that happens on announced act and a year happens and it Quinn in a week.
But this is the the thing is though I mean -- got calls I know -- -- one of those people that says that this could be you know a 100000 dollar -- will be worth a hundred grand fifteen years and he's about.
It -- pie in the sky high you know as someone who was back covering that the dot comes in 2000 when.
In the sock -- -- I was gonna be a millionaire it was hot couple went bankrupt.
If things like that I think Connecticut what do you say to those that are worried that are that that -- -- them a little bit about this new virtual world.
Yes and and I think what happened is you know PeopleSoft -- queen candidate to -- and then it crashed -- 55 and that -- a lot of questions about you know a lot of people see bitcoin as the future or something like Kate -- and now they're asking themselves is -- it.
I would argue yes I would argue that people are asking a lot of good questions there will be other virtual currencies that emerge over time bad lie.
Right now we're -- -- kind of a period where we're watching -- lot of people who weren't real big claim believers and people who are more serious side are really are still entry.
-- all right well.
And Gerri thank you very much is certainly a fascinating.
Thing sticking to topic from but -- you don't look the senate thank you how much.
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