>> CRYPTOCURRENCY IS THIS SOME (BLEEP).
ON THE INTERNET TO STEAL OUR MONEY.
OR IS THIS THE FUTURE OF FINANCE?
THERE IS NO WAY ALL THESE PEOPLE BUYING CRYPTOCURRENCY HAVE ANY
IDEA WHAT THE HELL THEY'RE BUYING.
AND IT'S NOT JUST BICOIN.
ETHEREUM, THE NUMBER TWO CRYPTOCURRENCY, HAS RISEN 5,000%
SINCE THE START OF THIS YEAR.
WHY?
>> IF YOU IMAGINE BITCOIN AS BEING A GOLD COIN,
ETHEREUM IS A JOIN THAT HAS A MAGIC SPELL ON IT.
>> WHAT THE HELL DOES THAT MEAN?
I WENT TO THE FOUNDER OF ETHEREUM, TO FIND OUT.
FIRST QUESTION: WHAT IS IT?
WHAT IS IT?
>> ETHER, THE CRYPTOCURRENCY THAT LIVES ON THE DECENTRALIZED
ETHEREUM PLATFORM, IS ACTUALLY A MUCH MORE PROGRAMMABLE
CRYPTOCURRENCY THAN BITCOIN.
>> THAT DOESN'T MEAN ANYTHING.
WHAT IS IT?
>> WE CREATED A PLATFORM FOR DECENTRALIZED APPLICATIONS.
>> DOES EVERYONE IN CRYPTOCURRENCY TALK LIKE YOU?
>> PRETTY MUCH.
>> IS EVERYONE GOING "DECENTRALIZED, DARK WEB, AND
DRUGS ONLINE?" >> EXACTLY.
>> DOES CRYPTOCURRENCY MAKE YOU FEEL ANGRY AND CONFUSED?
WELL IT SHOULD.
TO MAKE IT EASIER TO UNDERSTAND WE ASKED MARGOT ROBBIE TO
EXPLAIN IT IN A BUBBLE BATH, BUT SHE SAID NO.
CRYPTOCURRENCIES ARE TRANSPARENT AND DECENTRALIZED.
WHEN TWO STRANGERS EXCHANGE MONEY OVER THE INTERNET, IT
REQUIRES A MIDDLE MAN, LIKE PAYPAL OR A BANK WHO TAKES A
PERCENTAGE OF THE TRANSACTION.
AND THAT TRANSACTION IS VULNERABLE.
CRYPTOCURRENCIES ARE RECORDED IN A PUBLIC LEDGER CALLED THE
BLOCKCHAIN.
SO IT'S IMPOSSIBLE TO CHEAT.
THEY ACTUALLY SOLVE A LOT OF PROBLEMS ABOUT EXCHANGING MONEY
IN A GLOBAL DIGITAL WORLD.
NOW GET THE (BLEEP) OUT OF HERE!
BUT STILL, IS THAT WORTH A BAJILLION DOLLARS?
WHY DO SO MANY SUCKERS ON THE INTERNET-- SORRY, I MEAN
PEOPLE-- BELIEVE FAKE MONEY HAS VALUE?
>> ETHER IS REAL.
IT'S BASED ON THE ETHEREUM BLOCKCHAIN.
WHEN YOU GET ENOUGH PEOPLE BELIEVING IN CRYPTOCURRENCY,
THEN YOU CAN SNOWBALL INTO SOMETHING THAT A SOCIETY
ACTUALLY DEEMS VALUABLE.
LIKE THE U.S. DOLLAR.
>> WHOA, WHOA, WHOA, WHAT DO YOU MEAN THE U.S. DOLLAR?
>> THE U.S. DOLLAR IS BASED ON FAITH IN THE SYSTEM.
>> SO THE ONLY THING BACKING THIS MONEY IS BELIEF IN THE
COMPETENCY OF THE U.S.
GOVERNMENT?
>> UNFORTUNATELY, THAT'S TRUE.
>> SO NOT ONLY IS CRYPTOCURRENCY FAKE.
ALL MONEY IS FAKE.
WAKE UP, WALL STREET.
YOU KNOW MONEY ISN'T REAL, RIGHT?
ALL THIS STUFF IS ALL FAKE.
BUT WALL STREET DOESN'T CARE IF MONEY IS REAL, AS LONG AS
THEY'RE MAKING LOTS OF IT.
THEY'VE BEEN PUMPING MILLIONS INTO THE BITCOIN AND
ETHEREUM, DRIVING THE CREATION OF THOUSAND OF NEW
CRYPTOCURRENCY.
BUT HOW LOW IS THE BAR FOR SO LET ME GET THIS STRAIGHT--
YOU TOOK BITCOIN AND JUST THE FONT.
>> AND WE PUT A DOG ON IT.
>> WHY IS IT DOGE?
>> IT'S BASE ON A PEOPLE.
IT'S NOT DOG E.COIN?
>> THAT'S PRETTY SMART, ACTUALLY.
>> IT'S NOT.
THIS STUPID PEOPLE CURRENCY IS WORTH OVER $400 MILLION.
SO WHY DOES THE CREATOR HAVE A PROBLEM WITH CRYPTOCURRENCY?
>> WHEN YOU SEE PRICE CHARTS GO UP EXPONENTIALLY, ULTIMATELY, IT
CAN BE THE SIGN OF A BUBBLE.
>> BUBBLES ARE GREAT.
WHAT ARE YOU TALKING ABOUT?
I LOVE BUBBLES.
>> PEOPLE ARE GOING TO LOSE A LOT OF MONEY.
>> AND SURE, CRYPTOCURRENCYd DESTROY THE WORLD
BUT THIS IS AMERICA!
SO I DECIDED IT MAKE MY OWN CRYPTOCURRENCY.
BUT THAT HAS TO BE AN INCREDIBLY COMPLEX--
>> DONE.
THAT WAS EASY.
>> I DID IT.
IT LITERALLY TAKES 10 MINUTES TO GO ON A WEBSITE AND MAKE YOUR
OWN COIN.
TRY TO MAKE IT RAIN CHIENG COIN AND KICKSTART THE FINANCIAL
REVOLUTION.
DO YOU ACCEPT THE CHIENG COIN?
CHIENG COIN, LIKE BITCOIN, DISRUPTING GLOBAL FINANCIAL
SYSTEMS USING BLOCKCHAIN TECHNOLOGY?
>> NO.
ONLY CASH.
>> I'LL SEND YOU MONEY OVER THE INTERNET.
I'M GOING TO DEMONSTRATE.
SO IMAGINE IF I SEND YOU THIS, RIGHT?
>> THANK YOU.
>> NO, BUT-- NO, NO.
GIVE ME BACK MY FIVE.
HOW ARE PEOPLE NOT GETTING THIS?
NO, I'M PAYING YOU.
I'M PAYING YOU IN CHIENG COIN.
>> GET THE (BLEEP) OUT OF MY CAB!
OUT OF MY CAB!
>> REMEMBER THIS MOMENT.
REMEMBER THIS MOMENT WHEN YOU HAD A CHANCE TO JUMP ON CHIENG
COIN AND YOU DIDN'T.
ALL RIGHT.
HIS LOSS.
INVEST IN CHIENG COIN.
JUST DON'T ASK ME HOW IT WORKS.
( CHEERS AND APPLAUSE )