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Bitcoin cash ‘CEO’: We won’t need banks anymore

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The digital currency Bitсoin, once a toy for computer nerds, is now soaring in price, triggering a new gold rush. Is it just another bubble, or a glimpse into a radically different financial future? We ask Rick Falkvinge, CEO of BitCoin Cash and founder of the Swedish Pirate Party. RT LIVE http://rt.com/on-air Subscribe to RT! http://www.youtube.com/subscription_center?add_user=RussiaToday Like us on Facebook http://www.facebook.com/RTnews Follow us on VK https://vk.com/rt_international Follow us on Twitter http://twitter.com/RT_com Follow us on Instagram http://instagram.com/rt Follow us on Google+ http://plus.google.com/+RT Listen to us on Soundcloud: https://soundcloud.com/rttv RT (Russia Today) is a global news network broadcasting from Moscow and Washington studios. RT is the first news channel to break the 1 billion YouTube views benchmark.
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Text Comments (3076)
Helen B (9 hours ago)
bitcon is a set up with a bigger agenda behind it. if you think you can bump out the banks, think again. I say bitcon and not bitcoin for a reason.
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Senza Fine (3 days ago)
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PRO HEN (8 days ago)
These days unless you need a loan, there's no reason for a bank with their .00001% interest.
irene amber (9 days ago)
He has balls of steel. I love him. Cryptogenious!
irene amber (9 days ago)
Cryptography is the future whether governments shed blood in form of tears or tears in form of blood. The king is the bitcoin
Paul Pellerin (11 days ago)
Does he look like a ceo or a dummy put in fromt of us bit coin is part of thebeast system that and blockchain bill gates rockafellas co.
KCN News (12 days ago)
https://www.youtube.com/watch?v=RuxcAA0dg5s
Frankie Brindis (15 days ago)
I see it as playing monopoly board game but more props people that are doing it.
AHR 12 (19 days ago)
This woman is a dummy. Banks have stollen trillions. THey have destroyed countries. Their existence becasue the central bank creates money has been inflation . A house that should cost 15000 cost 300,000 due to banks. 90 percent of USD is digitized. This dumb woman hears narco and has no clue that banks make money of narco. What an ignorrant dolt this sophie is
Andrea (20 days ago)
You were guilty for the crash. Saying "government can´t do anything", "banks are no longer required". You challenged them and now they fight back SUCCESSFULLY. Very bad interview for crypto !
Angus Joe Johnson (22 days ago)
"But your bank account is safe." That was funny, she got owned hard.
Ante Starčević (24 days ago)
He is not bitcoin CEO! Bch doesn’t have a CEO , its not a company!
Manu Foy (22 days ago)
That's the point. You managed to miss the point entirely. He declared himself as the CEO of Bitcoin Cash to make a point about permissionlessness.
sypher0101 (24 days ago)
In Australia, the Government (ATO) classed BitCoin as an Asset, and says we need to pay Capital Gains Tax (CGT) on any profit from it :/.
Lawrence Immethun (27 days ago)
And so begins the currency wars...
Pi (28 days ago)
Wow, really nice and well informed questions! This is an absolutely great interview to watch.
Sven (29 days ago)
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Jasen Ericksen (1 month ago)
do you think teling banks that they are going down the tubes for not embracing bitcoin & crypto means they wont also sell & buy Crypto too?
Kara N Troche (1 month ago)
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no name (1 month ago)
fine.... you take all the bitcoins and I will take all the silver, gold, farmland and rental properties... Money must relate to confidence.... bitcoin is a dogfart which comes fast and will likely leave fast... it is still spoken in terms of dollars, pounds etc. Saying bitcoin or facsimile will replace the central bank and money is inevitable..... but then saying which one is a gamble? Sorry I am not willing to place my life savings in a currency that is changing from the newest flavour of the day and is a "gamble". bitcoin is a dog fart. I have no confidence in this.
5:00 The same way I see it. The future is bright with crypto. There will be bands of light that teleportation waves travel across: sorry, it's won't be like Star Trek. Bitcoin will run the teleportation network, which will basically be everyone's basic mode of transportation. A drastic change in average standard of living will proliferate.
Wesley Chia (1 month ago)
08:02 she looks like a sexy silence killerr
J o n a t h a n (1 month ago)
the banks have ripped people off for years. They use our savings to lend to others at a interest and the banks take the interest.
Frederick Nichols (1 month ago)
she did not mention many parts of Russia are poor and don't have internet, she did not mention many parts of Eastern Europe is poor and don"t have internet, but, racist always use Africa as a punching bag, but why don't you start off in your own backyard.
thriversoffset (1 month ago)
OMG the interviewer's body moves are borderline arrogant to the viewer. Hey WOMAN fuck you and learn some manners
Arbolusoak (1 month ago)
As long as you use an exchange , the government will always know how much money you have and spend .the governments will pass laws so they can access people's accounts on rhe different exchanges.
Rushikesh Babar (1 month ago)
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Carlá. (1 month ago)
this guy's answers are genius. Good video.
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arean ads (1 month ago)
idiot...banks control of paper currency now but there rule... and it's say :they need excuse to doing something they can't do what they want "when they want" ........but with this international Bank Called cryptocurrency they won't need government or agree for their trade because they do trade by billions Dollars ....they will be potential to monopoly more the market Than any Market Have Been in this world ......Be aware They want fraud you...them who made bitcoin in first place
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The only One (1 month ago)
This woman knows nothing further from her long nose
KingFahtah (1 month ago)
Hey Rick, what happens if internet kill switch or EMPs?
Manu Foy (1 month ago)
You will need to kill the internet to the entire planet to destroy Bitcoin, because of it’s decentralised and permissionless nature. So, that’s not the top concern. Also, in an internet outage, modern banking will also be severely hindered at best.
KingFahtah (1 month ago)
This interviewer knows shit about crypto and looks bored most of the time.
kurien tom (1 month ago)
Bitcon Cash lies, lies, lies, they want to trick folks into thinking their crypto is "BTC". Its not and prob. will never be.
R Rosales (1 month ago)
Great if government does not get involved
Hinuha (1 month ago)
ceo? how do you define decentralized again?
Hinuha (1 month ago)
Audiences with contrasting say to such videos deserve sarcasm sweetbrain. Nothing to get serious about. I understand why he's there. Just a prank bro.
Manu Foy (1 month ago)
You are missing the point entirely. The reason why Rick Falkvinge titled himself as the CEO of Bitcoin Cash is to demonstrate the principle of permissionlessness. The entire point is that no one has ever granted anyone permission to anyone to be a CEO of something that doesn’t exist as a company. That he just choose to take the initiative and make the declaration.
Ray Easton (1 month ago)
A government backed crypto currency may be the way to go. However, the interviewee is right printing money to pay off debt is NOT the right thing to do. Creating CRYPTO money to pay for WORK done, like replacing America's crumbly infrastructure is the way to go. When we borrow money from a bank that money is created OUT of thin air, the thing that gives that fiction it's value from the bank point of view is the borrowers PROMISE to repay the loan, but the thing that gives this money it's true value is the borrowers implied promise to go to work an make build something, that is do so WORK. By creating money to pay for much needed work, a government could introduce CRYPTO into an economy, it would then be DEBT free money. Because the work has already been done, then it would NOT be owed to the banking system. That is the world could be DEBT FREE. YOUR THOUGHTS? TROLLS NEED NOT COMMENT
mrjonno (1 month ago)
Except crypto currency can't be taxed and tax is the cost of civilisation. Sorry but this is a total fail for those that don't understand how the real world works and how to maximise our potential. Also - It's not just about you or me but us and although I may hate aspects of you I have to respect the parts that make a civilisation.
Scott Walls (1 month ago)
this is silly...governments are hiding true tax rates/payers...need to move to flat tax, sales tax, and NO CAP GAINS tax (taxing same $ twice).
corey mack (1 month ago)
This guy is a philosophical, intellectual, articulate, and magnificent vocal Beast,who with ravenous appetite, viciously devours all that dare to cross his path!......Thats all...Shalom
Tabb Martin (1 month ago)
Cryptocurrency pegged to GOLD is the best.
N2 DaAIR (1 month ago)
Bitcoin is shitcoin! Lofl, wow, I can’t believe how many completely brainless people there are out there. It’s actually fukin scary that this many people can be scammed into buying this crypto shit. Wait, that just gave me a great idea. So many dummies, and LOTS of scams to be made. Buy more crypto, hurry!
Harry Briggs (1 month ago)
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autocaptcha 257 (1 month ago)
IDIOT I SLAP U DONT GIVE PREDICTION
Melvin Beaulieu (1 month ago)
This guy smokes crack...... jokes. But somethings off for real
Lucas Ellis (1 month ago)
Leaving you a tip now, do you have a tipwithcrypto link?
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Bryan Lucas (1 month ago)
What’s that?
pashminagal (1 month ago)
You need to be an adult to play in the cryptocurrency arena... Taking responsibility for yourself is a foreign concept to most people.
Lily Cohen (1 month ago)
BlockChain technology will be revolution in the coming year, people say there are many projects are coming , according to PC mag propy and BlopckGrain are the top projects which are built on the Blockchain technology . lets see how far we can go in this matter. Blockgrain Ico are worth buying or not , kindly help me in the reviewing it.Cargill company is also going to take over this .
IPushHard (1 month ago)
Most taxation systems that I'm aware of have a very solid idea of someones overall worth with just a little logical digging. What home do they live in? What car do they drive? What is their profession? How long have they worked in that profession? What is their education level? ....all of these things paint a financial picture of someone and that information is not anonymous. Additionally, with the richest individuals their holdings may span multiple markets which also are not anonymous. So unless these individuals dumped 100% of their liquid assets into Bitcoin, there is still a clear picture available to tax collectors of what someone must pay to the government. ....and we need to remember that information like yearly earnings are reported by law to tax collectors, so in any given year the collectors will know exactly what amount that individual earned from work. The only caveat to all of that is that money held in or earned by crypto-currency is indeed protected from being counted for the purposes of determining tax debt. But again, Bitcoin is not the sole investment opportunity on the planet. Far from it, and I don't think those other investments are going anywhere on Bitcoins account. So, really I think that the impact on national treasuries will be far less than this video made it seem, and until those other markets...those other investments... disappear from the planet I think that the overall impact will be minimal. ....which is not to say that Bitcoin will not bring about some change that affects the traditional system dramatically via other paths. It may. But I dont see Bitcoin breaking the back of government anytime soon, or even altering the traditional systems flow very much.
Ian Prado (1 month ago)
14:19 Jesus Christ..... The majority of people in Africa have a cell phone
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Michel Simard (1 month ago)
Non-sense.,, been smart enough to get in early doesn’t make you a investor genius.. I bet he as sell all his bitcoin .. And crypto is the futur be sure to see misery time a head . As no bank can print and make us buy a house for exemple .. And bitcoin is fully manipulated with spoofing and wash trade ,, the biggest pump and dump scam
Lonwabo Fololo (1 month ago)
HALF OF THE AFRICAN POPULATION DON'T EVEN KNOPW WHAT A CELLPHONE IS????
alexander brown (1 month ago)
who is this lady? cash is back by gold LMAO ok buddy. called petro dollar for a reason. ignorant statements about africans. He kept checking on her lol.
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Andy Owen (1 month ago)
One can reach him via email: [email protected]
wayne gordon (1 month ago)
If you bought BCH in jan of 2018 you are crying right now may 2018 1000 bucks down from 4000 bucks..
peter pan (1 month ago)
the lady looks like she is thinking about the future and is frozen in time thinking about btc
balbinder bains (1 month ago)
fbi can seize your coins and have been doing so so what rubbish is this guy on about also courts can take your coins as well
Mindy Aguliar (1 month ago)
I'm down with this..This is unavoidable currency of the future.
G Dogg (1 month ago)
bitcoin i think is like a fools fantasy. bitcoin technically is not legal tender and has no value behind it other than peoples bids. nor does any crypto currency, which explains why most countries deny it.
Money Maker (1 month ago)
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Chandra Singh (1 month ago)
Wrong. We need banks
Phew) I hardly managed to buy Telegram-tokens on tokenrating.site/cryptogram In 4 days 90% of tokens were sold)
Greco Veritas (1 month ago)
Bit coin can be destroyed
Craig Gibson (1 month ago)
Great video
MetalJacket (1 month ago)
Banks? Where we're going we don't need, banks.
marconi314 (1 month ago)
Bitcoin trash is a joke alt-coin, really. They just forked to allow 32 MB blocks when the average block size currently is 0.2 MB. I really can't believe that anyone is putting cash into it - because even fiat has a brighter future than this ridiculous alt-coin.
Manu Foy (1 month ago)
The reason why the Bitcoin Cash blocksize is so high is to allow for future growth and scalability instead of waiting for the network to congest. When the 1MB blocksize was originally set as an anti-DOS mechanism by Satoshi Nakamoto (with the intention of raising the blocksize in the future), the sizes of the blocks were about a hundredth of the 1MB limit. The fact that the block size limit in Bitcoin Cash is much larger than the size of the actual blocks is not a weakness, but a strength.
Trend News (1 month ago)
how can this shit head bullshitter say we won't need banks again. Full of crap. you think no-one borrows money what fucking idiots are you talking to RT News bullshit line
Ercan Turgut (1 month ago)
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Everything Africa (1 month ago)
This bitch said "half of African people don't know what a cell phone is" I'm willing to bet she has never been to Africa.
Taps 1 (1 month ago)
I really follow RT news and I'm trying to wonder why they would hire someone like her she had so many objections and just reading a script seriously retarded
Ralph Gertis (1 month ago)
Easy too solve the tax problem you just get rid 0f all taxes and rise the GST , like 30 pc.
ANTON (1 month ago)
That Russian fake British make this prostitution
Alligator Jack (1 month ago)
Rick reminds me of Sid from Ice Age
Jim M (1 month ago)
B-CASH to the Moon!
Boom
No Censorship (2 months ago)
B trash ( BCH ) has single handedly hurt BTC more than any other factor and they will probably bring each other down. :( !!! Asses !!!
Joseph Lawrence (2 months ago)
This dude probably jerks off to bitcoin before going to sleep at night
Alex Cancado (2 months ago)
paper wallet, keep backups and done.
StarFox85 (2 months ago)
take that ubs!
Heather Rose (2 months ago)
I never Believed investing in bitcoin cryptocurrency would be Beneficial until i decided to give a try and All thanks to mr Frank for Helping me Invest my Capital and i am currently making profits every week,Cryptocurrency us the Future
Carlos Salinas (2 months ago)
Bitcoin trash
Clint Whatley (2 months ago)
No Man may Buy or Sell witho ut the Mark.
zanmirrob (2 months ago)
Excellent points and responses Rick. Brilliant.
Eric Bell (2 months ago)
anyone who can say teleportation with a straight face... you get a pass, please dont dissapear me. i'm being sarcastic but think of what he has to know just to say that out loud.... (i don't think we'll ever get to teleportation because all the corny paradox's from everything from Back to the Future to Family Guy).
Kingy B (2 months ago)
You don't need anyone's permission to appoint yourself CEO of Bitcoin Cash? Don't forget that line when the FEDS come knocking.
Kingy B (2 months ago)
We never did need banks dork.
let rat (2 months ago)
"CEO"
Jason Eaves (2 months ago)
yada yada yada! lol Get some real money! That hundred dollar bill is never going anywhere! It gonna be here until the earth blows up! So earn some of that green every day , for FREE. see how here tinyurl.com/eec100k
Julien Clara (2 months ago)
WE HAVE BIT COINS FOR SALE CONTACT US ON ([email protected]) OR TEXT US (502) 717-0191
codedkid (2 months ago)
proooooofound
Madani Akhbed (2 months ago)
"CryptoCurrency"... Sounds easy to delete.
Patrik Banek (1 month ago)
It is actually immpossible to delete, that's the whole point. Your bank account, which doesn't sound easy to delete, actually is just numbers on a single centralized server, which can physically be deleted very easily. I've used cryptocurrency for 5 years investing and paying for things online, and never lost a penny. Here is my wallet with 300$ https://etherscan.io/address/0x81ad6f14f4394f35eae9a56d04b3aae847e7693d Please try to delete it. Not you, any hacker or government could ever do that.
Pekka Heikkinen (2 months ago)
I must say I feel a 'little bit' sad that 2009, I heard first time of Bitcoin, and was seriously going to buy them with just 1000 euro. Unfortunately I forgot it, so I din't bought. If I was, I would have today in Bitcoins more than 1 BILLION euro !! It just happen, so I started later to invest in few different cryptocurrencies, and I'm really happy I did :)
Esben Solgaard (2 months ago)
Research flat earth and the NASA moon landing hoax.
Andre Franks (2 months ago)
This "host" should visit Africa before making future insane comments about a WHOLE continent! "Half" of Africa? But there ARE people that believe that ALL of russia stays drunk on vodka as their communist system keep them locked down in their CORRUPT political system.....hmmm
Roman KFM (2 months ago)
16:30 It's hard to teach an old dog new tricks.
Cinqua (2 months ago)
Guys I swear I just got free $7128 real money from this amazing website: (just go to)=> http://plcash.win/?feekhF

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