 Yeah, we have a question from Dordo. He makes several times this question. He wants to know your opinion about the centralizing system on Bitcoin network Requiring personal data for usage and thought of future of that Yeah, I think the I think most of my talk was about this but I'll focus just on the revealing personal data part of it because a revealing personal data is not simply a matter of a Totalitarian financial surveillance system It's also market economy We already have a system for micro payments on the internet if you want to buy any content that Effectively is priced less than five dollars The price you pay is a micro violation of your privacy That is the micro payment system we have on the internet You give your data to be consumed analyze statistically correlated so that the messaging you receive is Narrow and narrower and narrower more and more conforming to the image of what Facebook thinks you want to hear to what Amazon thinks you want to buy etc We pay micro payments through micro violations of privacy our private data is the price of entry Into the micro economy and we can do much better than that because as we develop micro payments on top of network-centric Currencies we can instead pay with currency While retaining all of our privacy Bitcoin doesn't require you to identify yourself and That is not a bug that is a feature in fact Bitcoin makes it very difficult to overlay identity on top of it the way the blockchains the banks want to build or Because that's not secure when you concentrate personally identifiable information you get hacked We have not yet found a way to secure data Nobody can secure data City bank can't secure data the large internet retailers can't secure data the NSA can't keep its data in house The idea that some Bitcoin startup is going to start doing know your customer Identification and un-team money laundering collecting all the privately identifiable information That is both ridiculous and disastrous because what will happen is that information will leak and you Will lose your privacy once again, so Bitcoin does not do identity because that's part of the design and it's actually a very powerful Part of the design because it's the foundation of us having privacy anonymity is just another word for human right