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.

 

Everything comes down to the two Senate runoffs in Georgia. If we lose both races, we lose the country. Democrats know this and are pouring in millions to usher in a Marxist agenda.

As the Left tries to hide how radical the two candidates really are, Glenn takes us inside the Democrat war room to expose the wolf in pastor's clothing, Raphael Warnock, and America's Justin Trudeau, Jon Ossoff. Socialism, the Green New Deal, and "defund the police" are all on the table. And Glenn warns of what's to come if conservatives don't activate: Chuck Schumer will weaponize the Senate, and the radical Left will launch an all-out assault to ravage the Constitution.

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Sen. Ted Cruz (R-Texas) joined the "Glenn Beck Radio Program" to explain how mail-in ballots are typically disqualified during recounts at a far higher rate than in-person, Election Day ballots, and why this is "good news" for President Donald Trump's legal battle over the election.

"One of the things that gives the greatest cause for optimism is, this election ... there's a pretty marked disparity in terms of how the votes were distributed. On Election Day, with in-person voting, Donald Trump won a significant majority of the votes cast on in-person voting on Election Day. Of mail-in voting, Joe Biden won a significant majority of the votes cast early on mail-in voting," Cruz explained.

"Now, here's the good news: If you look historically to recounts, if you look historically to election litigation, the votes cast in person on Election Day tend to stand. It's sort of hard to screw that up. Those votes are generally legal, and they're not set aside. Mail-in votes historically have a much higher rate of rejection … when they're examined, there are a whole series of legal requirements that vary state by state, but mail-in votes consistently have a higher rate of rejection, which suggests that as these votes begin being examined and subjected to scrutiny, that you're going to see Joe Biden's vote tallies go down. That's a good thing," he added. "The challenge is, for President Trump to prevail, he's got to run the table. He's got to win, not just in one state but in several states. That makes it a lot harder to prevail in the litigation. I hope that he does so, but it is a real challenge and we shouldn't try to convince ourselves otherwise."

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Fox News senior meteorologist Janice Dean is perhaps even more disgusted with New York Gov. Andrew Cuomo (D) for his coronavirus response than BlazeTV's Stu Burguiere (read what Stu has to say on the subject here), and for a good reason.

She lost both of her in-laws to COVID-19 in New York's nursing homes after Gov. Cuomo's infamous nursing home mandate, which Cuomo has since had scrubbed from the state's website and blamed everyone from the New York Post to nursing care workers to (every leftist's favorite scapegoat) President Donald Trump.

Janice joined Glenn and Stu on the "Glenn Beck Radio Program" Tuesday to ask why mainstream media is not holding Gov. Cuomo — who recently published a book about his leadership during the COVID-19 pandemic — accountable?

"I'm vocal because I have not seen the mainstream media ask these questions or demand accountability of their leaders. [Cuomo] really has been ruling with an iron fist, and every time he does get asked a question, he blames everybody else except the person that signed that order," Janice said.

"In my mind, he's profiting off the over 30 thousand New Yorkers, including my in-laws, that died by publishing a book on 'leadership' of New York," she added. "His order has helped kill thousands of relatives of New York state. And this is not political, Glenn. This is not about Republican or Democrat. My in-laws were registered Democrats. This is not about politics. This is about accountability for something that went wrong, and it's because of your [Cuomo's] leadership that we're put into this situation."

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As America grows divided and afraid to disagree with the Democrats' woke plan for America, Megyn Kelly is ready to fight back for the truth. For nearly two decades, she navigated the volatile and broken world of the media. But as America leans on independent voices more than ever, she's breaking new ground with "The Megyn Kelly Show."

She joined the latest Glenn Beck Podcast to break down what's coming next after the election: Black Lives Matter is mainstream, leftists are making lists of Trump supporters, and the Hunter Biden scandal is on the back burner.

Megyn and Glenn reminisce about their cable news days (including her infamous run-in with then-presidential candidate Donald Trump) and to look into the chaotic and shady world of journalism and the growing entitlement it's bred. For example, many conservatives have been shocked by how Fox News handled the election.

Megyn defended Fox News, saying she believes Fox News' mission "is a good one," but also didn't hold back on hosts like Neil Cavuto, who cut off a White House briefing to fact check it — something she never would have done, even while covering President Obama.

Megyn also shared this insightful takeaway from her time at NBC: "Jane Fonda was an ass."

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