Silicon Valley investor breaks down what you need to know about Bitcoin

While in San Francisco last week, Glenn met with Naval Ravikant, co-founder AngelList, a platform for start-ups to connect with potential investors and recruit talent. Naval's at the heart of Silicon Valley, and has invested in Uber, Twitter, Postmates, and more. Glenn wants to bring the stories of future technology being developed in Silicon Valley to people all over the country, so he made sure to talk to Naval about one of the biggest tech inventions people need to know: Bitcoin and Blockchain.

Glenn: Talk to me a little bit about Blockchain. We’ve had a conversation in the past about how right now if you go across the border, are you carrying $10,000 in cash?

Naval: You can carry it in your head. So, what Bitcoin does is Bitcoin essentially says that money and speech are the same thing. Let me give you an example. A Swiss bank account, if I know the number and I know the password to that, that is money. That is as good as money, and I can cross borders with it. So, they obviously can’t stop you from crossing the border with money if you have a bank account somewhere remotely.

Think of Bitcoin as a bank account in the cloud, and it’s completely decentralized, not the Swiss government, not the American government. It’s all the participants in the network enforcing. So, the ledger, the distributed database, it’s called a Blockchain, is held in the cloud by all the parties involved. It can be broken by any of them. It’s cryptographically too strong. You would have to compromise the entire network to take over Bitcoin. Not even the NSA can do it, and the value of the Bitcoin is a bounty on the Bitcoin.

So, if the value of all the Bitcoin in the world today is $5 billion, that’s a $5 billion bounty. Any hacker who can go break that, can collect a lot of that money, but they can’t, so it shows you how strong it is. Even the NSA couldn’t break the Blockchain today…I don’t think so. But because of that, that means that Bitcoin is protected. The value is protected. The money is protected. But notice what I said at the beginning, money is speech. That means that speech is protected. That means I can publish things into Bitcoin that no one can take away. I can publish WikiLeaks, for example, tracks of information into there that are irrevocable.

Explain that. Slow down. Explain that.

Blockchain is a giant database. That database has a $5 billion bounty on it which is the value of all the Bitcoin.

So, that’s basically a $5 billion reward. Hack me, and you’ve got $5 billion.

Correct, or something close to it. You may not get it all out, but an approximation, that’s a reasonable assumption.

I’ll take half a billion.

Sure. So, that’s the bounty that protects the Blockchain, and the Blockchain is a distributed database and with an infinitesimal amount of Bitcoin, I can write anything into that database. I think long-term, Bitcoin is a currency of the Internet. So, even if humans don’t use it, routers will use it. Web browsers will use it. Web servers will use it.

So, let me bring this to the real world.

Machines will use it.

Sony would use this for all of the contracts to be able to stop what happened to them.

Sony would use Bitcoin grade encryption, so Bitcoin advances encryption. You and I may use Bitcoin for a transaction to lock our contract or our money into the cloud. Someone in China may use it for speech. They might use it to get a message out to the rest of the world anonymously in a way that it cannot be pulled back. So, China may censor YouTube. China may censor Twitter. They won’t be able to censor Bitcoin. There’s no central authority. There’s no one you can go to and say we’re going to turn Bitcoin off. Turning Bitcoin off is the same as turning the Internet off, so the moment the Internet became truly pervasive, it was inevitable that speech would become pervasive.

Why are there such, I mean, other than the obvious—

The great firewall of China will fall.

That’s amazing.

In our lifetimes.

Why is there such pushback on Bitcoin, other than it disrupts everything?

It disrupts everything. If it works, it will be the greatest transfer of wealth in human history. Even if it doesn’t work as advertised, it may still enable free speech and anonymous speech to a level that large states, totalitarian states, would be uncomfortable with.

So, in other words, with the Blockchain, somebody in North Korea can tell us what’s happening in the prison camps, and they can show us the videos and the pictures, and it can’t be traced back.

Well, they’d have to be careful about it, but if they’re careful about it, it can’t be traced. It can’t be pulled back. It can’t be stopped. You can’t turn off Bitcoin without turning off the Internet. That’s how it’s designed. People forget what the Internet did was it connected every human to every human, and so because of that, it reduced the power of the elites. It reduced the power of mass media. It reduced the power of controlled media. No one can control the message anymore.


Award-winning investigative journalist Lara Logan told Glenn Beck on the radio program Wednesday that a network of radical extremist terrorist organizations, which includes Antifa, are coordinating and escalating many of the violent riots in the wake of George Floyd's death.

Lara, who has done extensive reporting on Antifa, said it's "extraordinary" that so many Americans in the media and politics are defending the "very violent terrorist organization."

"[The media is] pretending that they care about journalism. They don't. They care about silencing, intimidating, destroying, annihilating, and getting us all to self-sensor so we don't cover any of the subjects they don't want us talking about," she said.

"For those of us who've followed [Antifa] for a while, and know what they're doing and what their agenda is, what has always been troubling is the way so many people in the media and in the political establishment have given them cover to operate," Laura added. "These are extremists. And you see a lot of parallels between extremists on the left and the right ... they pretty much operate the same way, exactly. And there's no difference between what Antifa is doing and the 'Brown Shirts' of Nazi Germany. Or the 'Black Shirts' of Mussolini."

She read the 10 points of action listed by an extremist group called the "Revolutionary Abolitionist Movement", which culminates with "Liberation begins where America dies."

Glenn recalled a prediction he made approximately 15 years ago, that "socialist, communists, radicals, anarchists, [and] Islamists would all work together ... they would all see the opportunity and work toward the same goal. And that's destruction of capitalism, and destruction of the Western world."

"A few years ago, I probably would not have agreed with you on that," Laura responded. "But I now see that you're absolutely correct."

Watch the video below to hear Lara detail evidence to expose the truth about Antifa:

Media targets Lara Logan for exposing the truth about Antifa

The media pretends to care about good journalism, but what they really care about silencing, intimidating, destroying, annihilating and getting us all to...

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The Trump-deranged media is calling the president a "coward" because he was moved to an underground bunker as riots erupted outside the White House over the weekend.

Former Secret Service agent Dan Bongino joined the "Glenn Beck Radio Program" Tuesday to set the record straight. He told Glenn that under Title 18, US Code 3056, the Secret Service has the authority to protect the president however they deem necessary, with or without his consent.

Dan explained that the severity of the White House riots, which resulted in at least 50 Secret Service agents being injured, would very likely have warranted overriding the president's preference on whether or not to take shelter.

"Shame on the media ... for painting this as some kind of situation where Trump ran like a coward," Dan said. "Which is totally false and made-up. [...] They're morons. These are imbeciles with double digit IQs who are only in this to aggravate an already-bad situation. And it's a shame, because they're really incentivizing this kind of stuff to happen."

He also made it clear that the so-called protests over the death of George Floyd were actually "very strategic" riots organized by "Antifa terrorists."

"It was not even a protest. It should have been, and could have been ... but that's not what it was. It was an insurrection. It was a riot," Dan stated.

"I can tell you, from sources of mine that were there, [who are] more than credible and unimpeachable, that the attack at the White House -- and that's what it was over a period of days -- was very organized. It was done using very strategic tactics," he added. "I want to be crystal clear, this was organized by Antifa terrorists. It's not a joke. It's not hyperbole. These were people that were committed to an insurrection that was thankfully put down."

Watch the video below for more details:

Dan Bongino: Trump is NOT a Coward Hiding in a Bunker

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The media has been trying to discredit BlazeTV's Elijah Schaffer after he recorded a disturbing video of a man being brutally beaten and stoned almost to death by rioters Saturday evening in Dallas.

Elijah joined Glenn Beck on the radio program Monday to set the record straight.

"The very dishonest far-left media is working tirelessly at the moment to completely, not only discredit myself, but they always say, 'Elijah Schaffer who works for Glenn Beck's BlazeTV.' As if that's an insult. So I'm going to clear the air right now," he told Glenn.

"There was a group of about, I would say 150 rioters. They were not protesters. They were breaking windows. They broke into a bank. They broke into a bar. They were looting alcohol and partying on the streets while breaking glass. These were not people who were grieving over black lives," he added. "The police had lost control of the city."

Elijah went on to describe the violent scene, detailing the events leading up to the brutal beating of a man who was apparently trying to defend a local bar. Elijah posted a video of the incident on Twitter Saturday night.

*Warning: graphic content*

"Rioters with rocks and bricks and bats and weapons, 150 or more, were accosting him as he stood in front of the bar," Elijah said. "Then they started stoning him, Glenn! Medieval! Throwing rocks and bricks.... We're in America. This is 2020. We do not stone people in the United States of America!"

Watch the video below for more details:

*Warning: graphic content*

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A new Pew Research Center report shows the death toll in the United States from COVID-19 is "heavily concentrated" in Democratic congressional districts.

According to the analysis, more than half of all COVID-19 deaths in the U.S. occurred in just 44 (approximately 10 percent of) congressional districts, and 41 of those 44 hardest-hit districts are represented by Democrats, while only three are represented by Republicans.

"A new Pew Research Center analysis of data on official reports of COVID-19 deaths, collected by the John Hopkins University Center for Systems Science and Engineering, finds that, as of last week, nearly a quarter of all the deaths in the United States attributed to the coronavirus have been in just 12 congressional districts – all located in New York City and represented by Democrats in Congress. Of the more than 92,000 Americans who had died of COVID-19 as of May 20 (the date that the data in this analysis was collected), nearly 75,000 were in Democratic congressional districts," Pew reported.

Filling in for Glenn Beck on the radio program this week, Pat Gray and Stu Burguiere argued that, while the coronavirus should never have been made into a partisan issue, the study certainly makes a strong statement in favor of GOP leadership.

Watch the video below:

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