 Hello everybody, so I kind of wanted to make an update on my personal endeavors because I had a very interesting couple of weeks I Spoke at Liberty Camp 2013, which was sort of a libertarian conference put on by a German foundation Called the Frederick Newman Foundation for freedom It was really cool. I spoke about Bitcoin to students from Poland Belarus and Ukraine The other speakers were really interesting people one in particular Yaroslav Romanchuk was a former Presidential candidate in Belarus now. It is a very dangerous thing to be a You know past present or future Presidential candidate in Belarus yet a lot of great stories, and I'm sorry I didn't have more time more time to talk to him Hopefully I'll meet him again It was the the conference was near the Veeve in a gorgeous resort and Perhaps my favorite part were the volleyball games that that followed the the lecture They got really competitive. I haven't played those I haven't played sports that got that intense in in a while It was it was a lot of fun really competitive, and we all went swimming in the lake. So awesome time Second thing writing I have for probably years now Been dying to get back to to writing a memoir about my third combat tour The tour in Afghanistan's Kunar province But I've always been waiting for my life to just kind of be perfect I just kind of wanted to put everything in order and get rid of you know all possible distractions and Focus on this memoir and I haven't been able to and I heard about Kickstarter not too long ago And I thought it'd be it'd be cool to try that then I heard about bit starter I thought it'd be even cooler to try that because you know It's good for Bitcoin, and I like Bitcoin I want to support it and then I had an even crazier idea Instead of just straight up crowdfunding just straight up asking for philanthropy Why not sell shares of this creative project, you know Why not essentially issue stock in this in this or virtual stock in this project and then? You know people who support me have a chance of of getting a return on their money now It should regard as mostly philanthropy because books are risky endeavors But I'm also a damn good writer and this this isn't my first book. I have I have I Have a story in this wonderful anthology fire and forget I have a story in another anthology and I I have I have this book which I wrote with the Dr. Yuri Maltsev about the tea parties Which is coming out in a bigger and better form with a bigger and better Publisher in October under the title of tea party the tea party explained but anyway, so so I corresponded with the owner of Of several stock exchanges including BTCT and He was super supportive Ethan Burnside if I remember his name correctly He's an American entrepreneur who actually did all the trouble of organizing this stock exchange as a business based in Belize where there's less regulatory burden and You know Bitcoin is opening up new economic opportunities, you know What used to take a million dollars an army of lawyers and who knows maybe a year's time now takes a week You know no lawyers at all and and just their their website fee And it was awesome the owners of the website voted on my security and it eventually after some conversations with the no voters They eventually got it improved and and it's up I issued 400 shares representing 40% ownership of this endeavor so each share represent a tenth of a percent of future profits and And it's up man. It's happening. I kept most of the shares I issued myself, but I I sold about a quarter of them and and someone bought them and their trading and and this is just so exciting It's it's awesome, you know, why not sell shares of a creative endeavor instead of straight-up crowdfunding? That's right. There's no good reason at all So I'm doing it. I'm blazing trail and and I'm gonna finish on this on the website for the book and Then and then I'm gonna make my life all about writing like I've been meaning to do for for years You can check check it out at the working title of the book is war for anarchists and please check it out War or war the number for anarchist calm war the number for anarchist calm So the third thing I want to talk about in this video is How I spent my Saturday night and in doing so I'm gonna be trade to you what a gigantic nerd I can be when I get interested in in something it started Saturday afternoon when I just wanted to answer a very simple question How does the supply of all the bitcoins? Compared to the or the value of all the bitcoins compared to the value of different national currencies Really simple, right? So I looked for a list of National currencies expressed in some common denomination like gold or euros or dollars and I couldn't find it much to my chagrin So I thought I would calculate it myself. I did find data on on the World Bank website of all different countries reporting their M2 monetary supply In their local currency. So so I used that Most of the data is from 2012 some of it goes all the way back to 2008 and some of it is an important and reported at all, but the vast majority of countries are on there And then I just used official exchange rates I actually took a concise list from the United Nations website and I crunched the numbers and the result is absolutely Fascinating to look at you get you just see what all the all the different monetary supplies are worth Did you know that euros were number one all the euros in the world are worth almost 22 trillion dollars? The United States is not number two. They're number three China all of China's money. It's called the Rem Nimbi It's worth almost 16 trillion dollars and all the dollars are a little over 14 trillion dollars Japan is next all the yen Japanese yen 11.7 trillion and then the euros are broken up by country Germany six trillion France four and a quarter United Kingdom three point nine Italy 3.4 trillion Spain 2.6 and his Canadian money is about two trillion dollars all the way down Russia is a little less than a trillion Brazil is one and a half trillion Switzerland 1.2 trillion Hong Kong. I didn't realize that they had their own money. It's a point point nine trillion So get getting back to the original question. Where is Bitcoin? When I when I crunched these numbers the Bitcoin was about 112 dollars that comes out 1.29 billion and is favorably comparable meaning a little bit better than a little bit more valuable than all the money of Countries like Belize El Salvador to Jikistan. So we're on the map, baby. Bitcoin's a real I also included litecoin in this analysis and all the litecoins are worth 55 million dollars, which is about half of the world's least valuable monetary supply, which is the the supply of the island nations South home and prinsip Which I believe are in the the African Gulf the Gulf of Hiana. Is it called? Yeah, so there you have it and then I had an even more interesting idea I thought I thought of Calculating trust I thought of this this method of calculating trust you can compare you can add up all the pieces of paper Right all the dollars dinars lira euro rubles all the various notes Just add them up make a big aggregate and then compare for any money Compare their percentage of notes with their percentage of value. Let me illustrate that with an example Vietnam's currency is called the dong do ng and They they have a lot of paper or else a lot of zeros on their paper So because the Vietnamese dong accounts for about 25% of all the paper that's out there But that paper only accounts for about point one five percent of the value so using my little my little arithmetic which is a You know the the the latter number over the former number. They they come out with a really low trust factor Europe's euros are almost the exact converse. They they represent about 0.15 percent of the paper and 25 percent of the value. So they they have a really high trust factor I Just got so excited about this idea. I kept massaging the numbers and and I had some bad data in there Zambia or Zambia they they changed their currency recently, so I had a I had a fix a few things and I spent all Saturday night looking at this data and So let's talk about the trust factors I'm really excited. It seems like an obvious way to measure trust at least have a rudimentary measure of trust, although It's I don't have complete confidence In it. I want to write an article about it, but I first want to ask my friend Leo Krasnohan who's at George Mason University professional economist He runs the wonderful Wonderful website a Ukraine watch Ukraine watch dot block spot comm and I had the pleasure of meeting him when he passed Through leave a couple weeks ago So so I asked him like hey am I doing anything stupid? You know is this is this nonsense or what? I don't think it is But I want to just get get a second opinion before I write an article about it So the most trusted is Bitcoin by far Bitcoin's trust factor is 14,550 Next is not white coin next is the Kuwaiti dinar the most trusted fiat money in the world Trust factor of four hundred fifty five the white coin 356 and the Bahraini dinar oman the Latvian money that was a surprise and the British pound with a trust factor of 198 the euro has 172 Swiss franc 139.7 US dollar trust factor of almost 130 Fascinating right I was also curious Which country had the most proportional trust factor meaning they had their currency represents X percent of paper And also X percent of value and and there were two countries that stood out Sri Lanka and Iceland the most Proportional money in terms of percent of paper percent of value least trusted were Iran Vietnam South home and princip those two little islands off the off the west coast of Africa With tiny monetary supply then Indonesia Belarus Laos Paraguay Sierra Leone Cambodia Uganda Yeah, and that's that now I am gonna wait for a second opinion before I write a little article about this But if you want to get the scoop I'm gonna I'll put a link to this spreadsheet in the notes So check it out play with the numbers have fun measuring the trust of money Selling stocks in books and talking about Bitcoin at Liberty Camp. Thanks for watching and stay tuned