Bitcoin Documentary | Crypto Currencies | Bitcoins | Blockchain | Digital Currency | Money | Gold Plot11 English Bosnian

Bitcoin Documentary | Crypto Currencies | Bitcoins | Blockchain | Digital Currency | Money | GoldYouTube↗ IA↗(long shot)
Education 2.7M views 45.4K likes 12 Jun 2020

China - Insight 396K subscribers United States YouTube↗

Click to Play Video

Look closely. What do we all have in common?

Pogledaj pažljivo. Šta nam je svima zajedničko?

No matter what corner of the world you live in

Bez obzira gde živiš,

You need food, water, shelter

treba ti hrana, voda,

krov nad glavom i novac.

Half of every transaction involves money

Polovina svih transakcija uključuje novac,

in exchange for goods or services.

u zamenu za robu i usluge.

Stocks, a loaf of bread illegal drugs

Akcije, veknu hleba, droge,

you gotta pay for it.

sve to moraš da platiš.

We spend much of our lives chasing money

Veći deo života provedemo jureći novac

to make a living and accomplish our dreams.

da bismo preživeli, i ostvarili svoje snove.

But it's also an instrument of destruction

Ali to je i sredstvo uništenja.

some might say evil

Neko bi rekao zlo.

driving criminals to lie, steal and even murder.

Koje navodi kriminalce da lažu, kradu, i čak ubiju.

The existing banking system extracts enormous value from society

- Sadašnji bankarski sistem isisava ogromnu vrednost iz društva,

and it is parasitic in nature.

i po prirodi je parazitski.

Money is a catalyst for the worst and the best of human endeavor.

Novac je pokretač onog najgoreg i najboljeg u ljudskom pregnuću.

before civilization

Pre nastanka moderne civilizacije,

We created currency.

stvorili smo sredstvo razmene i plaćanja.

Podstrekač ratova.

The path to power

Champion and enemy of innovation

Predvodnik i protivnik inovacije.

Money is so integral to our society and our global economy,

Novac je u toj meri urastao u naše društvo i globalnu ekonomiju,

That it's true nature remains a mystery to most.

da njegova prava priroda ostaje tajna za većinu nas.

This is the story of money.

Ovo je priča o novcu.

Perhaps the end of money as we know it.

Možda o kraju novca kakvog poznajemo.

No matter how fat your bank account,

Bez obzira koliko ti je debeo bankovni račun,

or how thin your wallet,

ili koliko ti je tanak novčanik.

To us, It's all cold hard cash.

Za nas je to hladna, tvrda gotovina.

There are some who want to kill it,

Postoje neki koji hoće da je ukinu.

Burn your Dollars, your Euros, your Yen

Spali dolare, evre, jene,

and transform every penny you have into ones and zeros

i pretvori sav novac koji imaš u jedinice i nule.

digital currency

Digitalna valuta poverena mreži

Entrusted to the web and computers spread across the planet

i računarima širom planete.

Magic internet money

Čarobni internet novac.

It's called cryptocurrency Bitcoin

Zove se kriptovaluta, bitkoin.

Invented in secret

Izumljen u tajnosti,

It was a gift to the world

bio je to poklon svetu.

It's not just the currency, but it's actually programmable money

- To nije samo valuta, već je, u stvari, programabilni novac.

A potential curse on bankers

Potencijalno prokletstvo za bankare.

I mean, there's nothing that the big banks or politicians can do to stop it.

- Mislim, ne postoji ništa što moćne banke ili političari mogu da urade da ga zaustave.

Breaking every government's grip on money supply

Prekidanje svake vladine veze sa kontrolom novčane mase.

What the internet did for information,

- Ono što je internet uradio za informisanje,

Bitcoin is doing for money.

bitkoin radi za novac.

- Could it be the new gold ?

- Može li to biti novo zlato?

- No, you have to really stretch your imagination

- Ne, morao bi ozbiljno da napneš maštu,

to infer what the intrinsic value of Bitcoin is.

da pretpostaviš šta je suštastvena vrednost bitkoina.

Regulators, the Federal Reserve, the banking system,

- Regulatori, Federalne rezerve, bankarski sitem,

least to understand, this is a thing that they have to take seriously.

u najmanju ruku shvataju da je to nešto što moraju uzeti za ozbiljno.

This is going to change the economic culture.

- Ovo će promeniti ekonomsku kulturu.

Bitcoin could be a micro economic miracle worker,

- Bitkoin može biti mikroekonomski radnik mađioničar,

and it could be a macro economic wrecking ball.

i može biti faktor podrivanja makroekonomije.

Is Bitcoin the currency of the future ?

Da li je bitkoin valuta budućnosti,

A godsend for criminals ?

bogomdan za kriminalce,

Or a recipe for financial disaster ?

ili put u finansijsku propast?

If you trust your money just as it is,

Ako imaš blanko poverenje u svoj novac,

we have a little story to share.

imamo malu priču za tebe. <i>Bitkoin: Kraj novca kakvog poznajemo</i>

Once upon a time there was a big party,

Beše jednom velika zabava,

with everyone standing around the punch bowl, drunk !

gde su svi stajali oko posude za punč, pijani.

Politicians credited the strong economy

Političari su snažnu ekonomiju

to their wise decisions.

pripisivali u zaslugu svojih mudrih odluka.

Businesses jumped into new profitable markets, ignoring risk.

Poslovi su se širili ka novim unosnim tržištima

In fact, the experts said there was no risk.

ignorišući rizik. Zapravo, stručnjaci su tvrdili da nema rizika.

Then, troubling market data from minor countries spooked the markets.

Onda su usledili zabrinjavajući podaci sa tržišta manjih zemalja,

koji su ustrašili tržišta.

More bad news rattled housing prices at the heart of the financial world.

Glasine su se proširile. Navala loših vesti pumpala je cene nekretnina u srcu finansijskog sveta.

A major bank went insolvent.

Velika banka je postala insolventna.

investors and businesses made a run on the other banks,

Investitori i kompanije pohrlili

demanding their cash deposits.

su u druge banke, zahtevajući povlačenje depozita.

The largest financial Institutions

Najveće finansijske institucije

in the center of the modern world were frozen.

u centru modernog sveta bile su blokirane.

Assets were seized.

Sredstva su zaplenjena,

Banks foreclosed.

banke zatvorene.

A credit crunch threatened the entire world economy.

Kreditni slom zapretio je celokupnoj svetskoj ekonomiji,

And then, finally the government stepped in.

i onda konačno,

The largest bank bailout ever

vlada interveniše. Najveće finansijsko spasavanje banaka ikada.

Swift action by the head of state had saved the day.

Hitrom reakcijom vladara sprečena je katastrofa.

Remember that ?

Sećaš se toga?

Ne, ne sećaš se.

It happened 2,000 years ago.

To se desilo pre 2000 godina.

Rim, 33. godina nove ere.

Ground zero for the first recorded liquidity crisis

Početna tačka za prvu zabeleženu krizu likvidnosti

and government bailout in history.

i državnu spasilačku intervenciju u istoriji.

The largest empire the world had ever seen

Najveća imperija koju je svet ikad video

was brought to it's knees by a banking disaster.

poklekla je pred bankarskom katastrofom.

Emperor Tiberius used money from the National Treasury

Car Tiberije upotrebio je novac iz državne blagajne

to bail out the country's troubled banks and companies.

da bi finansijski potpomogao problematične državne banke i preduzeća.

History may not repeat itself,

Možda se istorija ne ponavlja,

but it certainly rhymes ... ... badly.

ali se u dobroj meri podudara.

People in power and their money

Moćnici i njihov novac,

have always been at the very center of it.

uvek su bili u centru istorijskih događaja. (violinska instrumentalna muzika)

The story of money is as old as civilization itself.

Priča o novcu stara je koliko i civilizacija.

When we lived in small tribes,

Dok smo živeli u malim plemenskim grupama,

keeping track of debt was easy.

vođenje računa o dugu bilo je jednostavno.

You owed somebody a load of firewood.

Nekome si dugovao naramak drva.

A neighbor owed you a piece of meat.

Sused ti je dugovao komad mesa.

Credits and debits were kept in your head.

Račun potraživanja i dugovanja vođen je u glavi.

A mental ledger

Mentalna knjigovodstvena evidencija.

Currency is a language that allows us

- Sredstvo plaćanja je jezik koji ljudima služi

to express transactional value between people.

da izraze razmensku vrednost.

It's a technology that's older than the wheel.

To je tehnologija starija od točka.

It's as old as fire.

Stara koliko i vatra.

When humans wanted to trade outside their tribe or village,

Kad su ljudi poželeli da trguju van njihovog plemena ili naseobine,

they needed something everyone could agree had value.

trebalo im je nešto što je za svakoga imalo vrednost.

Something scalable.

Nešto merljivo.

Enter commodity monies

Nastupa vreme robnog novca.

There were many kinds but each

Bilo je više vrsta,

had to embody the same five characteristics.

ali svaki je morao da sadrži pet istih karakteristika.

A commodity money is relatively scarce,

Robni novac je relativno oskudan,

Easily recognizable,

lako prepoznatljiv,

Can be cut into smaller pieces,

deljiv u manje jedinice.

You can substitute one piece for another

Jedan deo se može zameniti za drugi iste vrednosti.

of equal value. and you can carry it around without too much trouble.

I može se nositi bez većih poteškoća.

In ancient Rome, it was salt.

U starom Rimu, to je bila so.

The Aztecs used cacao beans,

Asteci su koristili kakao zrnca.

It was whale teeth on Fiji,

Na Fidžiju je to bio kitov zub.

Yak dung in Tibet,

Izmet jaka na Tibetu.

Shells in Africa and China,

Školjke u Africi i Kini.

Grains, metal, ivory, rare stones, leather, fish

Žitarice, metal, slonova kost, retko kamenje, koža, riba.

If it had the five characteristics of commodity money,

Ako je ta stvar imala 5 karakteristika robnog novca,

someone probably used it as currency.

verovatno je neko koristio kao sredstvo plaćanja.

And then you ask

- I onda se pitaš,

What value do these currencies have ?

kakvu su vrednost posedovala ova sredstva plaćanja?

If you go into a primary school,

Ako odeš u osnovnu školu,

you'll see children exchanging rubber bands and

videćeš decu koja razmenjuju silikonske narukvice,

Tamagotchi and Pokemon cards and baseball cards,

i Tomagoči, i Pokemon karte,

and sweets and candy, and any other form of currency.

i bejzbol karte, i slatkiše, i poslastice, i bilo koje drugo sredstvo razmene i plaćanja.

People invent currency when they have no other currency,

Ljudi izmišljaju nova sredstva, kad im pomanjka starih sredstava plaćanja.

and now they're going to invent digital currencies.

I sad će izmisliti digitalne valute.

But commodities that aren't durable,

- Ali sredstva koja nemaju postojanost

are a lousy store of value.

imaju manjkav vrednosni kapacitet.

A bad cacao crop, or a huge new salt discovery

Loša žetva kakaoa, ili novo veliko nalazište soli,

can throw your currency and economy

mogu gurnuti tvoju valutu

i ekonomiju u veliki besporedak.

A more stable system was needed.

Bio je neophodan stabilniji sistem.

About 2,500 years ago

Pre oko 2500 godina,

the first metal coins were minted in China,

prvi metalni novčići iskovani su u Kini,

and in what is now Turkey.

i na mestu današnje Turske.

These coins shared the same five characteristics

Ovi novčići delili su pet istih karakteristika

with commodity money.

sa robnim novcem,

But were also very durable.

ali isto tako, bili su vrlo postojani.

In some cases coins are the only thing left of entire civilizations.

U nekim slučajevima, novčići su jedini preostatak čitavih civilizacija.

Money does not originate with goverments.

- Novac nije saodnosan sa vlašću.

Money arises naturally as markets are began to develop

Novac nastaje prirodno, prateći dinamiku razvoja tržišta.

and as people with the division of labor,

I kako su ljudi sa podelom rada shvatili,

realized that if I have eggs, and you have a cow

da ako ja imam jaja,

We may need some medium of exchange

a ti imaš kravu, može nam ustrebati neko sredstvo razmene,

in order for you to buy my eggs, and for me to buy your cow.

kako bi ti kupio jaja od mene, ili kako bih ja kupio kravu od tebe.

Coins were an objective and universal unit of account

Novčići su bili cilj i univerzalna obračunska jedinica,

and they allowed people to buy and sell goods over vast regions.

i oni su omogućavali ljudima da kupuju i prodaju dobra na širem geografskom prostoru.

The market economy was born.

Rođena je tržišna ekonomija.

Novčići su imali upotrebnu vrednost,

But only if people trusted that the king or Emperor

ali samo ako su ljudi verovali da kralj ili car

who issued them wasn't cheating on the metal content.

koji ih je izdao nije varao na sadržaju metala.

Using coins also meant

Korišćenje kovanog novca podrazumevalo je takođe

that an authority now controlled the supply of your currency.

da sada vlast kontroliše količinu novca u opticaju.

Money and political power were inextricably linked. Centralized.

Novac i politička moć bili su neraskidivo povezani i centralizovani.

Minting coins in a steady and predictable manner,

Kovanje novca na redovan i predvidljiv način

allowed economic growth and stability.

omogućilo je ekonomski rast i stabilnost.

The Wu Zhu coin in China retained it's value for 500 years.

Vu Žu novac u Kini, zadržao je svoju vrednost 500 godina.

In Constantinople the Solidus lasted for 700 years.

U Konstantinopolju, solidus se koristio 700 godina.

But in those times the coins didn't have the

- U to doba, novčići nisu imali nazubljen,

the milled ... This sort of milled edge.

tu vrstu nazubljenog ruba.

They were flat.

And what used to happen was

i dešavalo se,

as coins were passing from people to people

kako je novac prelazio iz ruke u ruku,

people would cut little bits off.

ljudi bi otkidali parčad.

And in fact some of the taxation that the Kings would do

U stvari, nešto od razrezanog poreza

they would actually be taking 1/8 of the coin off.

sastojalo se od osmine novčića.

Taxes built castles.

Porezi su gradili zamkove,

and financed military campaigns.

i finansirali vojne pohode,

Expensive hobbies !

Soon royal mints were substituting cheaper metals for silver and gold.

Uskoro su kraljevske kovnice počele da zamenjuju jeftinijim metalima

This is called "debasement"

srebro i zlato. Ovo je nazvano smanjenje vrednosti novca.

and Europe's Kings, made a habit of it.

Evropskim kraljevima to je postao običaj.

The currency of France was debased every 20 months

Francuska moneta smanjivala je vrednost svakih 20 meseci,

for 200 years !

u periodu od dvesta godina.

If no one can trust the gold or silver content of your coins,

Ako niko nema poverenja u srebrni ili zlatni sadržaj

how can you trade with other countries?

tvojih novčića, kako možeš trgovati sa drugim državama?

International merchants found a solution.

Međunarodni trgovci pronašli su rešenje.

They recognized that one person's debt has value.

Prepoznali su da nečiji dug

It can be traded or transferred.

ima vrednost. On može biti predmet trgovine ili transfera.

When those IOUs came from reputable sources,

Kada ove zadužnice potiču od pouzdanika,

they could be used as a form of money.

one se mogu koristiti kao vrsta novca.

Papirnog novca.

This money was not based on hard commodities or metal,

Ovaj novac nema pokriće u prirodnim resursima,

but instead on someone's promise to pay.

ili metalu, već u nečijem obećanju da će platiti.

Merchants families like the Medici in 15th century Florence

Trgovačke porodice kao Mediči, u petnaestovekovnoj Firenci,

acted as clearing houses for these IOUs.

služile su kao klirinške kuće za ove zadužnice.

it worked like this :

To je išlo ovako.

An English trader ordered a shipment of

Engleski trgovac naručio je pošiljku italijanske tkanine

Italian cloth from the Medici for 100 gold coins.

od Medičija za 100 zlatnih novčića.

His promise to pay the Medici was put on paper.

Njegovo obećanje da će platiti pismeno je potvrđeno.

Meanwhile, the Medici owed 100 gold coins

U međuvremenu, Medičijevi su dugovali 100 zlatnih novčića

to another trading partner

drugom trgovinskom partneru,

for delivery of wine from France.

za isporuku vina iz Francuske.

The parties didn't go to the expense of

Učesnici se nisu izlagali troškovima

transporting and exchanging gold coins.

transporta i razmene zlatnih novčića.

Instead, the paper was transferred.

Umesto toga, transferisan je papir.

Everyone agreed that the paper had value :

Svi su se saglasili da papir vredi

"100 gold coins"

100 zlatnih novčića.

But only because everyone trusted the Medici

Ali samo zato što su svi verovali Medičijevima,

as solvent middlemen.

kao platežno sposobnom posredniku.

They had created a paper money machine

Stvorili su mašinu za štampanje novca.

Within a few generations,

Kroz nekoliko generacija,

they rose from low crime to high finance.

prevalili su put od sitnih šićardžija

Their great wealth helped fuel the Italian Renaissance,

do finansijskih mogula. Njihovo ogromno bogatstvo, dalo je podstrek italijanskoj renesansi

and elevated the family to levels of enormous political power.

i uzdiglo je porodicu do nivoa enormne političke moći.

The power to marry into royal families,

Moć da se orode sa kraljevskom porodicom

and get elected as popes.

i da budu izabrani na papski presto.

The ties binding money to power, politics and influence

Veze koje ulančavaju novac i moć, politiku

now ran through church and state.

i uticaj, sad su premrežile crkvu i državu.

Merchants had proven that creating paper currency

Trgovci su se uverili da kreiranje papirnog novca

could be wildly profitable.

može biti izuzetno profitabilno.

Goldsmiths wanted in on the action.

Zajmodavci su tu videli priliku za sebe.

Imagine it like this :

- Zamislimo ovako, ako je zajmodavac primetio

if the Goldsmith had seen over a period of time

da tokom vremena neki

that some of the coins he was storing for people,

novčići koji su mu povereni na čuvanje skupljaju prašinu.

were gathering dust. The people who owned them, don't need them right now.

Vlasnicima novčići trenutno nisu potrebni.

So what if I go and lend them out into the community,

Šta ako izađem u zajednicu i posudim ih,

and I charge them interest on this loan ?

i zaračunam kamatu na tu pozajmicu?

So he starts out lending some of these gold coins and then

I tako počne da pozajmljuje nekolike novčiće

later, he realizes actually people don't even want the gold coins

i kasnije dokona da ljudi zapravo

They just want the piece of paper,

i ne žele novčiće, oni samo žele parče

that says the gold coins are in the bank and with the goldsmith.

papira kao potvrdu da su zlatni novčići u banci,

So I can now make a loan with these pieces of paper.

kod zajmodavca. Tako sada mogu dati pozajmicu na parčetu papira.

And whatever I write on a piece of paper,

I šta god da napišem na parčetu papira,

as long as people trust me, they'll trust the paper.

dok god ljudi imaju poverenja u mene, verovaće i papiru.

And effectively the Goldsmiths and the early day bankers

I faktički su zajmodavci, preteče današnjih bankara,

they had literally acquired the power to print money.

doslovce stekli moć da štampaju novac.

More and more private paper money from merchants and banks,

Sve je više i više takvog privatnog papirnog novca od trgovaca i banaka kolalo,

circulated and began to rival the crown's coins.

i počelo da konkuriše vladarskom novcu.

The power inherent in controlling and issuing money,

Suverena moć kontrole

began slipping away from the rulers.

i izdavanja novca počela je da klizi iz ruku vladara.

They couldn't tax or debase this new kind of money.

Nisu mogli da oporezuju ili smanje vrednost novoj vrsti novca.

But they had bigger ambitions than ever

Ali ambicije su uzrasle veće nego ikad, u pogledu trgovišta,

with trading posts, colonies, and empires that now stretched across the globe.

kolonija i carstava koja su se protezala širom zemljinog šara.

For centuries European countries would take turns

Vekovima su se evropske države

building massive fleets and waging war

smenjivale kao pomorske sile,

on each other to rule the world.

u ratnom pohodu jedna protiv druge, kako bi pokorile svet. (vika)

Government wanted to take the people's money

- Vlast je htela da uzme ljudima novac

in order to finance its wars.

kako bi finansirala ratove.

That's essentially the history of money.

To je u suštini istorija novca.

Money and warfare go together.

Novac i rat idu ruku pod ruku.

War is expensive.

One year's income taxes simply aren't enough.

Jednogodišnji prihod od poreza jednostavno nije dovoljan.

Kings and queens had to borrow money against future taxes.

Kraljevi i kraljice morali su da pozajmljuju novac na ime budućih poreza.

They needed a groundbreaking financial innovation.

Bila im je neophodna presudna finansijska novina,

Government bonds

vladine obveznice.

The loans came from rich merchant families and Goldsmiths

Pozajmice su uzimane od imućnih trgovačkih porodica i zajmodavaca,

who by now had become powerful financiers and bankers.

koji su sad već postali moćni finansijeri i bankari.

Sovereign debt and deficit spending had been born.

Tako je nastao suvereni dug i budžetski deficit. (vesela instrumentalna muzika)

In 1694, The Bank of England was established

1694. formirana je Banka Engleske,

to fund a war against France.

sa ciljem finansiranja rata protiv Francuske.

England central bank was privately owned

Engleska centralna banka je bila privatna institucija,

and granted the monopoly to issue banknotes.

i imala je monopol na izdavanje novčanica,

Paper that could be redeemed for an equal amount of gold

papira koji je mogao biti otkupljen za jednaku količinu

from the government coffers.

zlata iz vladinog trezora.

The central bank soon also managed the entire debt of the crown.

Centralna banka je uskoro upravljala celokupnim dugom

Money has been a tool of sovereignty for centuries.

krune. - Novac je vekovima bio sredstvo nezavisnosti.

Being able to issue currency,

Mogućnost izdavanja valute davala je moć,

gave you the power but it also gave the value to that monetary supply,

ali je i davala vrednost toj novčanoj masi,

by backing it with a force of state.

podržavajući je državnim autoritetom,

With essentially the debt of the state.

u osnovi sa državnim dugom.

When the US won independence from Britain,

Kad je Amerika izborila nezavisnost od Britanije,

the first article of the new constitution

prvi član novog ustava

gave Congress the exclusive right to coin money.

davao je Kongresu ekskluzivno pravo da izdaje novac.

This currencies value was tied to gold in government vaults.

Vrednost valute vezana je za zlato u vladinim trezorima.

From 1781 until the panic of 1907,

Od 1781. do panične 1907,

The financial system of the US was an economic petri dish ;

američki finansijski sistem bio je ekonomski kvasan.

Brief central banks, State banks,

Privremene centralne banke, državne banke, privatne banke,

private banks, private currency, government currency,

privatni novac, vladin novac,

depressions, strong growth,

veliki ekonomski padovi, snažan rast, ekonomske stagnacije,

recessions, regular boom and bust cycles.

redovni ciklusi uspona i pada.

The long term, as far as capitalists concern,

- Dugoročno gledano, bar kad je o kapitalu reč,

people want predictability,

ljudi žele predvidljivost,

people want stability.

ljudi žele stabilnost.

From the back of that they can plan.

Iz te pozicije mogu planirati,

That's very hard to plan in the long term,

i jako je teško planirati na dugi rok

when there's such a level of volatility.

uz takav nivo nepostojanosti.

In 1913, bankers and politicians decided that

1913. bankari i političari odlučili su

it was in the country's best interest and theirs,

da je u državnom i njihovom najboljem interesu

to have a permanent central bank.

formiranje stalne centralne banke.

They created the Federal Reserve.

Stvorili su Federalne rezerve (FED).

Among it's jobs : Expand or contract the supply of a single national currency

U zaduženje FED-a spada povećanje ili smanjenje emisije jedinstvene nacionalne valute,

The Federal Reserve Note

The dollar was tied to gold,

Dolar je bio vezan za zlato, i njegova strateška kontrola

and strategic control of it would avoid booms that lead to busts.

onemogućila bi velika ekonomska kolebanja.

At least that was the plan.

Takav je bio plan.

Then came 1929.

Onda je došla 1929. (vika)

The Great Depression would have a profound effect

Velika depresija ostavila je dubok trag

on monetary policy Worldwide

na monetarnu politiku širom sveta.

"I Shall ask the Congress for the one remaining instrument ..." "... to meet the crisis"

- [Ruzvelt] Zatražiću od Kongresa poslednji preostali predsednički instrument,

"Broad executive power"

šira izvršna ovlašćenja.

Soon the Fed had printed nearly all the money it legally could

Uskoro, FED je naštampao skoro svu količinu novca

to pump life back into the economy.

koju je mogao legalno, da pobudi ekonomsku životnost.

It needed gold to fire up the mint.

Trebalo je zlato da se uposli kovnica.

So in 1933 President Roosevelt issued a controversial executive order.

Tako je 1933. predsednik Ruzvelt izdao kontroverznu izvršnu uredbu,

Forcing all US citizens to sell their gold to the Federal Reserve at a fixed price,

primoravajući sve američke građane da prodaju svoje zlato Federalnim rezervama po fiksnoj ceni,

Or go to prison.

pod pretnjom kazne zatvora.

The Fed offered far more cash to foreign governments for their gold.

FED je ponudio mnogo više novca stranim vladama za njihovo zlato.

Many jumped at the offer.

Mnogi su to oberučke prihvatili.

Gold flowed in, and dollars spread across the globe.

Zlato je priticalo, a dolari su se razmileli po svetu.

World War 2 devastated nearly every major economy.

II svetski rat opustošio je skoro sve veće svetske ekonomije,

Except the United States.

The military and industrial juggernaut

Vojni i industrijski mastodont razvio

emerged as THE global financial superpower.

se u globalnu finansijsku super silu.

The Dollar had become the world's most stable and trusted currency.

Dolar je postao najstabilnija svetska valuta, i valuta sa najvećim poverenjem.

Other countries pegged their currency to the Dollar.

Druge države vezale su kurs svojih valuta za dolar,

Which could still be redeemed for gold.

koji je i dalje imao zlatnu podlogu.

Zapravo, SAD je posedovao više od polovine

owned more than half of the world's gold reserves.

svetskih zlatnih rezervi.

In the next few decades more Dollars flowed to foreign countries.

U nekoliko narednih decenija, sve više dolara oticalo je ka stranim zemljama.

Governments began debasing their coins with cheaper metals,

Vlade su počele da smanjuju vrednost domaćih valuta uz pomoć jeftinijih metala i štampajući više

and printing more of their own currency than they had in gold.

novca od zlatnog pokrića.

The bond between precious metals and paper currency

Veza između plemenitih metala i papirnog novca

This is a 1966 50-cent piece.

- Ovo je primerak od 50 centi iz 1966.

It was the last coin in regular circulation in Australia

To je bio poslednji novčić u redovnom prometu

to contain silver.

u Australiji koji je sadržavao srebro.

And it contains 80 percent silver.

Sadrži 80% srebra,

So in 1966 this was 50 cents.

i 1966. to je bilo 50 centi.

Nowadays, It's 8 Dollars, roughly,

Danas je to približno osam dolara,

in silver alone !

By 1966 foreign nations had had enough of the US

Do 1966. strane države imale su dovoljno

Collecting gold and printing cash.

američkog zlatnog i štampanog novca.

And they had more value in Dollars

I imale su veću vrednost u dolarima nego što su Sjedinjene Države

than the US had bullion in its vaults.

imale zlatnih poluga u svojim trezorima.

They demanded gold in return for their paper Dollars.

Zahtevale su zlato u zamenu za dolarske novčanice.

Arguments about the value of the Dollar versus their currency ensued.

Usledile su polemike oko vrednosti dolara naspram domaćih valuta.

In 1971 President Nixon settled the matter.

1971. predsednik Nikson odrešio je taj čvor.

He severed United States currency from the gold standard.

Ukinuo je zlatni standard za američku valutu.

"I have directed secretary Connally to suspend temporarily ..."

- Naredio sam sekretaru Trezora, Koneliju,

"... the convertibility of the Dollar into gold or other reserve assets ..."

da privremeno suspenduje konvertibilnost dolara u zlato ili druga rezervna sredstva,

"... Except in amounts and conditions determined ..."

osim u količinama i stanjima

"... to be in the interest of monetary stability ..."

koji su u interesu monetarne stabilnosti,

"... and in the best interest of the United States."

i u najboljem interesu Sjedinjenih Država.

Never again could anyone legally demand US government gold

Nikada više niko nije mogao zakonito zatražiti

in exchange for paper Dollars.

zlato Vlade Sjedinjenih Država u zamenu za dolarske novčanice.

For better or worse the Dollar was now backed solely

Bilo dobro ili loše, dolar je sada bio obezbeđen isključivo

by the Full Faith and Credit of the United States government.

punim poverenjem u Vladu Sjedinjenih Država.

The wealthiest nation the world had ever known

Najbogatija država u istoriji

would bet its future on a single word : " Trust "

svoju budućnost zasnivala je na jednoj reči – poverenju.

People have this mythology of money

- Ljudi imaju mitološku predstavu o novcu

that is based on very little fact.

koja je zasnovana na tankim činjenicama.

And one of the nice things about Bitcoin is that

I jedna od dobrih stvari u vezi sa bitkoinom

it forces people to start to ask questions

jeste to što primorava ljude da postavljaju pitanja

about the fundamentals of money.

o osnovama novca.

Bitcoin is an attempt to adopt

- Bitkoin je pokušaj

the advanced computerized system that we have,

da se napredni kompjuterizovani sistem

koji imamo, internet,

to resurrecting what money used to be all about.

iskoristi u cilju oživljavanja onoga što je novac u svojoj suštini. (vesela instrumentalna muzika)

I think our Dollar policies, our monetary policies

- Mislim da su naše dolarske politike, naše monetarne politike,

our fiscal policies,

naše fiskalne politike, u punom smislu stvorile

have absolutely created a nation of debtors.

naciju dužnika.

Not just personal debt, not just corporate debt, but government debt,

Ne samo lični dug, ne samo korporativni dug,

and you have to look at those all together as one big thing.

već državni dug, na sve to treba gledati istim očima kao na jednu celost.

What is the wealth of the nation?

Šta je to bogatstvo nacije?

Well, the wealth of the nation is a gigantic hole of money

Pa sad, bogatstvo nacije je džinovski ponor novca

that we owe to the rest of the world

koji dugujemo ostatku sveta,

That is never going to be paid back.

koji nikada neće biti vraćen.

Today the United States pays more than

Danas Sjedinjene Države plaćaju više

400 billion Dollars in interest

od 400 milijardi dolara na ime kamata

to its creditors every year.

svojim kreditorima, na godišnjem nivou.

When a government spends more money than it collects in taxes,

Kad vlada troši više novca nego što prikupi na ime poreza,

it simply borrows more. Or it creates more.

onda jednostavno pozajmljuje ili štampa novac.

At one time every piece of paper money was backed by gold.

Jedno vreme je svaka novčanica imala zlatno pokriće.

Remember ! For every $20 bill

Seti se, za svaku novčanicu od 20 dolara

there was $20 worth of gold in the government vault.

u vladinom trezoru postojalo je zlato iste protivvrednosti.

Toga više nema.

Today governments create currency by first creating bonds or Treasury bills.

Danas vlade stvaraju novac tako što prvo izdaju obveznice ili trezorske zapise.

These bonds are sold in the market.

Te obveznice se prodaju na tržištu,

Generating funds for the government that issued them.

stvarajući sredstva za vladu koja ih je izdala.

Large banks buy US bonds to flip them.

Velike banke kupuju američke obveznice u špekulativne svrhe,

Selling them to the Federal Reserve at a profit.

prodajući ih Federalnim rezervama uz ostvarenu dobit.

This is the magic money machine.

Ovo je mašina za kreiranje čarobnog novca.

You see, the Fed is America's central bank,

Vidite, FED je američka centralna banka.

but it doesn't have any money.

Ali ne poseduje nikakav novac

No cash on its balance sheets.

na svom bilansu stanja.

When a bank buys a bond and takes it to the Federal Reserve

Kad banka kupi obveznicu i odnese je

the Fed simply says : " Thank you Mr. Banker !"

u Federalne rezerve, tamo jednostavno kažu

" Here's the principal and some profit. "

''hvala vam, gospodine bankar, ovo vam je glavnica uz nešto profita.''

New money isn't exchanged.

(zvuk kase) Nova količina novca nije razmenjena,

It simply appears on the bank's accounts.

jednostavno se pojavljuje na računima banke.

For 100 years and counting,

Sto godina i dalje,

the precise mechanisms of these bond purchases

tačan mehanizam kupovine ovih obveznica

have remained a secret.

Here's where it gets really interesting !

Od ove tačke postaje zaista zanimljivo.

The Federal Reserve is not a government agency.

Federalne rezerve nisu vladino telo.

It's a private entity and its shareholders are banks

To je privatna ustanova i njeni deoničari

Which earn a dividend. As much as 80 billion dollars per year

su banke koje dobijaju dividende. Osamdeset milijardi dolara godišnje

total are paid out to some of the very same banks

isplati se nekim istim bankama

that sell the government debt to the Fed.

koje prodaju vladin dug Fedaralnim rezervama.

Koje su to banke?

Don't even bother asking ! That's also a secret.

Nemojte se truditi da pitate. To je takođe tajna.

In other words the magic money machine answers to no one.

Drugim rečima, mašina za kreiranje čarobnog novca nikome ne polaže račune.

The Fed also sets the bar for how much interest you pay

Takođe, FED određuje standard za visinu kamate koju plaćaš za

for a car, home, or business loan.

kola, kuću ili poslovni kredit.

The Federal Reserve has been given the impossible task

- Federalne rezerve su dobile nemoguć zadatak,

of trying to run the credit and monetary system

da pokušaju da vode kreditni i monetarni sistem

as though we are the Soviet Union.

kao da smo Sovjetski Savez.

It's the central planner for the key aspect of Capitalism,

To je centralni planer za ključni aspekt

which is how money and credit is allocated.

kapitalizma, a to je kako se novac i kredit alociraju.

The Federal Reserve unbalance does not help the economy,

Federalne rezerve, uzimajući sve u obzir, ne doprinose ekonomiji.

unbalance hurts the economy.

Sve u svemu, one škode ekonomiji.

And it's bound to make mistakes.

FED je osuđen na greške

Even with the best of intentions.

čak i uz najbolje namere.

The Fed is also supposed to boost employment with low interest rates.

FED bi takođe trebalo da podstiče zapošljavanje sa niskim kamatnim stopama.

Encouraging people and businesses to buy more goods and services.

Podstičući ljude i preduzeća da kupuju više robe i usluga.

Governments getting involved in money

- Upliv vlade u novčane tokove

is a good thing and it's also a bad thing.

sa jedne strane je dobra, a sa druge strane loša stvar.

It's a good thing because

To je dobra stvar zato što su novčani tokovi

money is the arteries of the economy,

arterije ekonomije,

the blood supply of the economy.

koje snabdevaju krvlju ekonomiju.

Markets are subject to bouts of euphoria and despair.

Tržišta su podložna menama euforije i očaja.

And it makes sense for governments to back currency and manipulate it.

I ima smisla da vlade podržavaju i manipulišu valutom.

Moving the money supply up and down is the most powerful way to sedate that boom and bust cycle.

Povećanje i smanjenje novčane mase jeste najsnažnije sredstvo uravnoteženja cikličnih kolebanja.

Manipulating the supply of money has short-term and long-term consequences.

Manipulacija novčanom masom ima kratkoročne i dugoročne posledice. (instrumentalna muzika)

Central Bank's aim to create new money carefully,

Centralne banke su namerne da sveži novac kreiraju pažljivo,

strategically, and very very slowly.

strateški i vrlo, vrlo polagano.

Releasing more money into the economy

Ubrizgavanje svežeg novca u ekonomiju

Causes prices to rise. Ideally by two percent every year.

uzrokuje rast cena, idealno 2% na godišnjem nivou.

That's supposed to foster economic growth.

To je sračunato na podsticanje ekonomskog rasta.

But 2% inflation means the buying power of one cash dollar in your pocket today

Ali, 2% inflacije znači da će kupovna moć jednog dolara u tvom džepu

will be 98 cents next year.

biti 98 centi sledeće godine.

and less nearly every year to come.

I sve manja skoro sa svakom godinom koja dolazi.

Since 1913 when the Federal Reserve took over the United States Dollar,

- Od 1913, kada su Federalne rezerve preuzele kontrolu nad američkim dolarom,

we've seen that the United Sates Dollar has decreased in value 98%

mi vidimo da je američki dolar izgubio 98% svoje vrednosti.

Inflation is a far higher tax.

Inflacija je mnogo skuplji porez

Because on your income you pay it just once.

zato što se na prihod obračunava samo jedanput.

If inflation is 2%

Ako je inflacija 2%, plaćaš 2% poreza

you're paying a 2% tax on your net worth every single year

na svoju neto vrednost svake godine.

your net worth held in currency.

Neto vrednost u novcu.

So what does that mean?

Šta to zapravo znači?

If you earned a Dollar in 1913,

Ako si 1913. zaradio jedan dolar,

you could buy 16 loaves of bread.

mogao si da kupiš 16 vekni hleba.

Today a Dollar barely buys you one.

Danas, za jedan dolar jedva možeš kupiti jednu veknu.

That's not a quaint notion of how cheap things used to be.

To nije neobičan dojam koliko su stvari bile jeftine nekad.

It's proof that the value of your cash is slowly withering away.

To je dokaz da vrednost tvog novca polako kopni.

That one Dollar invested at 2% in 1913

Jedan dolar investiran po stopi prinosa od 2% 1913,

would now be worth $ 7.24

sada bi imao vrednost 7 dolara i 24 centa.

more than %600 return versus a near total loss.

Više od 600% dobiti, nasuprot skoro potpunom gubitku.

The US Dollar has gone from being worth $1

- Američki dolar je skliznuo sa vrednosti od jednog dolara

to now being worth about 4 cents.

do 4 centa koliko vredi sada,

So that's, you know, 96% of its original value.

što je gubitak 96% od njegove prvobitne vrednosti.

And it's a direct result of government control.

To je neposredni rezultat vladine kontrole.

Governments, don't create money from thin air all alone.

Vlade ne stvaraju novac tek tako ni iz čega.

You play a key role in the magic money machine.

Ti igraš glavnu rolu u mašini za kreiranje čarobnog novca.

It's not really the central banks that are the problem.

- Nisu zapravo centralne banke problem.

I mean, they're part of the problem.

One su deo problema.

But the real problem is that we've given the power to create money,

Stvarni problem je što smo mi omogućili

to the same banks that caused the financial crisis.

bankama da stvaraju novac, tim istim bankama koje su izazvale finansijsku krizu.

We put our paychecks and savings into a bank account,

Mi deponujemo naše plate i ušteđevine

and draw from it as we need it.

na bankovni račun i podižemo sredstva po potrebi.

The banks are custodians of our money, right?

Banke su staratelji našeg novca, zar ne?

It is now the property of the bank on their balance sheets.

To je sad vlasništvo banke, na njihovim bilansima stanja.

They can do just about anything they want with it.

Mogu ga upotrebiti u bilo koju svrhu,

For example create new money.

na primer, za kreiranja svežeg novca.

Here's how : Your bank account shows $100

Evo kako, stanje na tvom računu je 100 dolara,

but the bank only holds $3

ali banka drži samo 3, a 97 pozajmljuje

and loans $97 to Bob to buy something.

Bobu da kupi nešto.

In the bank's computers, you still have $100 in your account.

Po računarima banke ti i dalje imaš 100 dolara

But Bob now has $97 of new virtual money in his account.

na svom računu. Ali Bob sad ima 97 dolara novog virtuelnog novca na svom računu.

Just digits on a computer screen.

Samo cifre na kompjuterskom ekranu.

There's no cash, no gold,

Nema gotovine, nema zlata, ili bilo čega drugog

or anything else backing up the new numbers in Bob's account.

što bi poslužilo kao pokriće za brojeve na Bobovom računu.

Just his promise to pay it back.

Samo njegovo obećanje da će ih vratiti.

This is new money created as "debt".

Ovo je sveži novac stvoren kao dug.

When those $97 are spent, say in a shop,

Kada se tih 97 dolara potroši, recimo u prodavnici,

the shop owner deposits into another bank.

vlasnik prodavnice polaže ih u drugu banku,

And it is lent out again and again and again.

i oni se iznova i iznova pozajmljuju.

And each of these people have numbers in their accounts,

I svako od ovih ljudi ima brojeve

showing that they own this money.

na svom računu koji pokazuju da oni poseduju ovaj novac.

So your original $100 has multiplied.

Tako se tvojih prvobitnih 100 dolara razmnožilo

There are over $ 3,300 in the system.

i sad imamo više od 3300 dolara u sistemu.

This process of loaning out far more money

Ovaj proces pozajmljivanja mnogo veće količine novca

than a bank actually has as cash on hand

nego što banka stvarno poseduje u gotovini,

is called " Fractional Reserve Banking ".

naziva se kreditna multiplikacija.

in the UK %97 of the money that exists

- U Ujedinjenom Kraljevstvu 97% sveukupnog novca

is just numbers in a computer system,

jesu samo brojevi u računarskom sistemu.

and those numbers are created by the banks.

I te brojeve stvorile su banke.

Banks earn untold billions in interest every year

Banke zarađuju bajnovite svote na kamatama

by creating and lending virtual money.

svake godine, kreirajući i pozajmljujući virtuelni novac.

What's more, banks don't even need your deposit

Štaviše, bankama nije ni potreban tvoj depozit

to create new money.

da bi kreirale svež novac.

If they consider someone creditworthy for a loan,

Ako smatraju da je neko kreditno sposoban za zajam,

they can put new magic money into his or her account,

mogu staviti novi čarobni novac na njegov račun,

and start charging interest.

i početi sa ubiranjem kamate.

So reporters talk about Bitcoin as though it's the first digital currency.

- I tako, novinari pričaju o bitkoinu kao da je to prva digitalna valuta.

But actually we use digital currency every time

Mi zapravo koristimo digitalnu valutu

you make a transaction through internet banking or through your bank card.

svaki put kad obavimo transakciju koristeći internet bankarstvo ili platne kartice.

Actually, it's not even just digital currency.

To u stvari nije samo digitalna valuta,

It's digital currency that is created by the banks.

to je digitalna valuta koju su kreirale

They essentially have nothing.

banke, u suštini ni iz čega.

In other words all new money is debt.

Drugim rečima, sav sveži novac je dug.

This is the part of money creation that isn't taught in economics class.

Ovo je lekcija o kreiranju novca koja se ne obrađuje na časovima ekonomije.

Money in paychecks, bank accounts, 401ks

Novac u platnim čekovima, bankovnim računima,

that loan to Bob, credit card debt, your home loan,

prinosi po osnovu penzionih ulaganja, Bobov kredit, dug po kreditnoj kartici,

all began life as virtual money.

tvoj stambeni kredit, sve pobrojano nastaje u formi virtuelnog novca

Created by the banks.

kojeg su stvorile banke.

The entire system is based on trust.

Ceo sistem zasnovan je na poverenju.

Trust in the bank's solvency.

Poverenju u solventnost banke.

Trust in the debtors ability to repay their debt.

Poverenju u sposobnost dužnika da otplati dug.

If all bank customers demanded just 3%

Ako bi svi klijenti banke zatražili samo 3%

of their deposits, right now, in cash

svojih depozita promptno, u gotovini,

this run on the banks would reveal the truth.

ovaj ''pohod na banke'' razotkrio bi istinu.

Almost none of that paper currency you think is in your bank account exists ...

Skoro ništa ne postoji od papirnog novca za koji misliš da se nalazi na tvom računu.

... It never did !

Nikad nije ni postojalo. (ptičiji cvrkut)

Remember the drunken party ?

Sećaš se pijane zabave?

Our financial crisis had everything to do with virtual dollars

(instrumentalna rok muzika) Naša finansijska kriza u celini je stvar virtuelnog dolara.

Too many people with very little income

Previše ljudi sa niskim primanjima

borrowed a lot of money they could never repay.

pozajmilo je mnogo novca koji nikada nisu mogli da vrate.

But the banks didn't care.

Ali banke nisu marile.

They didn't have to.

Nisu ni morale.

They quickly made and sold shaky loans

Hitro bi reagovale i prodale sumnjiva potraživanja

to someone else for a profit.

nekom drugom, uz zaradu. - Svima je odobren. - Hej! (smeh)

Selling bad loans was a good business.

- Odmah podnesi zahtev. Prodaja loših kredita bio je unosan posao

Until the whole thing blew up in a global financial crisis.

sve dok se cela stvar nije raspala s početkom globalne finansijske krize.

The magic money machine destroyed 30 million real jobs.

Mašina za kreiranje čarobnog novca uništila je 30 miliona radnih mesta.

The United States alone lost 16 trillion Dollars in household wealth.

Samo su Sjedinjene Države izbubile 16 triliona dolara vrednosti bogatstva domaćinstava.

and the banks foreclosed on more than 1 million homes.

Banke su zaplenile više od milion nepokretnosti. (duhovna instrumentalna muzika)

Selling subprime loans and betting they will fail,

Prodaja rizičnih kredita i klađenje na njihovu neotplativost

may not be sacred ... But it is lucrative !

možda nije časno, ali je unosno.

As much as one quarter of our best and brightest,

Četvrtina naših najboljih kadrova

are being lured by the siren call of the money machine.

zavedena je sirenskim pozivom mašine za kreiranje čarobnog novca.

Instead of science, engineering or medicine

Umesto prirodnih nauka, tehničkih nauka,

They chose a career playing with betting with other people's money

ili medicine, izabrali su karijeru špekulativnog maheraja s tuđim novcem,

to get rich quick.

kako bi se brzo obogatili.

Veoma obogatili.

And sometimes they take shortcuts.

I ponekad su kretali prečicama. <i>Robi na sitno do poslednje pare,</i> <i>Novac nas na osobit način slama,</i> <i>Kažu da se zbog njega vrti planeta.</i>

My ancestors in Greece talked about

- Moji preci iz Grčke govorili su

the corrupting influence of power.

o koruptivnom uticaju moći.

And nothing has changed in these 3,000 years.

I ništa se nije promenilo za ovih 3000 godina.

When you give control of massive amounts of money

Kada poveriš kontrolu velikih suma novca

to a few individuals, they will take advantage of that control.

nekolikim pojedincima, oni će to iskoristiti u lične svrhe. <i>Ou, ou, ou.</i>

Banks today are factoring in fines and money laundering

Danas banke uračunavaju kazne,

and all the rules that they break into their cost of doing business.

i pranje novca, i kršenje svih pravila u svoje troškove poslovanja.

JPMorgan is today coming out and saying that

''Džej Pi Morgan'' je danas objavio

Bitcoin is not a legitimate way of doing business.

da bitkoin nije zakonito sredstvo poslovanja.

Banks today are tied in to a system that is

Banke su danas uvezane u sistem

completely rigged to basically harvest money

koji je kompletno namešten da u osnovi žanje novac

from the entire global economy and pump it into the hands of very few.

na globalnom ekonomskom nivou i puni džepove malobrojnika. <i>Ne daj da te pohlepa proguta.</i>

The existing banking system is cozy.

<i>La, la, la, la.</i> - Današnji bankarski sistem je oportun.

it's captured the regulators, It extracts enormous value from society

Upliviše na regulatore, izvlači ogromnu vrednost

without delivering anything in return.

iz društva a ništa ne daje zauzvrat,

and it is parasitic in nature.

i po svojoj prirodi je parazitski.

The banks play a very pivotal role in an economy

- Banke imaju centralnu ulogu u ekonomiji.

If you look at any successful economy, It has successful banks.

Svaka uspešna ekonomija ima uspešne banke.

There's a very close correlation with banking profits and the economy as a whole.

Postoji vrlo visoka povezanost između bankarskih profita

In medieval Europe

i stanja ekonomije u celini.

a banker who couldn't repay depositors, was hanged.

U srednjovekovnoj Evropi, bankar koji nije mogao da isplati depozitore bio bi obešen.

Today that same banker would get bailed out,

Danas, isti taj bankar dobio bi finansijski pojas za spasavanje,

paid bonuses and enjoy some tax benefits too.

plaćene bonuse i pride bi uživao poreske olakšice.

To date, no senior US banking executive

Do danas, nijedan viši izvršni direktor američke banke

has been charged for selling the bad loans

nije optužen za prodaju loših zajmova

that fueled the Great Recession.

koja je razbuktala veliku recesiju.

In December 2014,

U decembru 2014,

just 6 years after the last banking crisis

samo šest godina nakon poslednje bankarske krize

brought the world to its knees,

koja je bacila svet na kolena,

a congressman snuck a last-minute provision

kongresmen je u poslednjem trenutku proturio uredbu,

written by Citigroup into a crucial funding bill.

čiji je autor Siti grupa, u ključni zakon o finansiranju.

The provision allows the largest US banks

Odredba omogućuje najvećoj američkoj banci

to once again make risky derivatives bets with bank deposits

da ponovo učestvuje u rizičnim finansijskim klađenjima sa bankarskim depozitima.

But no need to worry

Ali nema mesta za brigu,

if the banks implode again, lost deposits must be paid back ...

ako se banke ponovo uruše, izgubljene depozite moraće nadoknaditi

... By US taxpayers.

američki poreski obveznici. (zvonjava)

Today's financial innovators package assets in ever more complex ways.

Današnji finansijski novatori pakuju aktivu na još složenije načine, kriškajući, kockajući,

Slicing, dicing, securitizing always using someone else's money.

sekjuritizujući, uvek uz pomoć tuđeg novca.

They sell debt, transfer risks, leverage bets

Oni prodaju dug, prenose rizike, klade se na finansijski rezultat.

that's what they call "innovation" .

To je ono što zovu inovacija.

When you're talking about financial innovation,

- Kad pričamo o finansijskoj inovaciji,

Bitcoin certainly is a very good example of innovation.

bitkoin je sigurno veoma dobar primer

But there's also been other innovations that

inovacije, ali postoje i

people a bit closer to the world of finance would

druge inovacije koje ljudi, malo bliži svetu finansija,

Cite as good examples.

navode kao dobre primere.

an example of that would be the original swaps market.

Primer za to bilo bi prvobitno tržište svopova,

From there moving on to the credit default swap.

koje je polako preraslo u instrument obezbeđenja od kreditnog rizika.

It is an excellent example of financial innovation.

To je odličan primer finansijske novine.

But also if it's used incorrectly,

Ali ako se nepravilno koristi,

it can create a lot of problems as we've just seen.

može stvoriti mnoštvo problema, kao što smo videli.

History teaches that the most revolutionary

Istorija nas uči da najrevolucionarnija

and disruptive innovation, nearly always comes

i prekretna inovacija skoro uvek dolazi

from the fringe, not from corporate cubicles.

sa periferije, ne iz korporativnih odeljenja.

True innovators see the world differently.

Istinski inovatori imaju drugačiji pogled na svet.

They see the big picture.

Oni vide širu sliku.

Creating new products and entire systems that lead to new industries.

Stvaraju nove proizvode i čitave sisteme koji razvijaju nove privredne grane.

Steve Jobs called them "the square cogs in round holes"

Stiv Džobs ih je zvao ''četvrtasti zupci u okruglim rupama''.

It's unsurprising that new innovations always come from

- Ne iznenađuje što su novi izumi

a niche group of early adopters.

uvek poticali iz niše ranih sledbenika,

Because it is inherently very hard for many people

zato što je suštinski vrlo teško mnogim ljudima da

to realize the benefits of new technologies.

spoznaju koristi novih tehnologija.

In 2011 most Bitcoin community people were

2011. najveći broj ljudi iz bitkoin zajednice

Either people from the technology space the geeks and hackers,

bili su ili ljudi iz tehnološke sfere, računarski zaluđenici i hakeri,

or people from the traditional financial industry.

ili ljudi iz tradicionalne finansijske industrije.

There were even some bankers and hedge fund traders

Bilo je čak i nekih bankara i trgovaca hedž fondova

using Bitcoin at that time as well.

koji su takođe koristili Bitkoiniku u to vreme,

Which was really surprising to me.

što je za mene bilo zaista iznenađujuće.

A radical new idea is often met with skepticism,

Korenito nova ideja često se susreće

ridicule, even hostility,

sa nevericom, podsmehom, čak zlovoljom

from those who stand to lose the most from its success.

onih koji najviše gube ostvarenjem te ideje.

Case in point : The automobile

Evo na primer, automobil.

In the late 19th century,

Krajem 19. veka, Karl Benc

Karl Benz and others built the first cars.

i drugi konstruisali su prve automobile,

Contraptions that could threaten the stagecoach

sokoćalo koje je moglo ugroziti poštansku kočiju

and railroad industries.

i železničku industriju.

These self-propelled vehicles or "road trains"

Ova ''samopokretna vozila'' ili putni vozovi,

would certainly scare horses, injure people, and damage roads.

sigurno bi uplašili konje, povredili ljude

Cars, the railroad barons said, were just too dangerous.

i oštetili puteve. Automobili su, rekao je železnički magnat, jednostavno suviše opasni.

And to protect us, they used their power to pass a law in 1865.

I da bi se zaštitili, iskoristili su svoju moć da donesu zakon 1865.

It required every automobile in England

Zakon je zahtevao da svaki automobil u Engleskoj

to observe a 4 mile per hour speed limit and

poštuje ograničenje brzine od oko 6 km na čas,

And to be operated by a crew of three :

i da u njegovom upravljanju učestvuje tročlana posada,

A driver, an engineer, and a flag man.

vozač, inženjer i zastavonosac.

This heroic flag man walked in front of the car

Upečatljivi zastavonosac išao je ispred automobila

to warn fellow citizens of the coming danger.

da upozori sugrađane na nadolazeću opasnost.

The railroad tycoons, the lawmakers, the self-appointed gatekeepers

Železnički tajkuni, zakonodavci, samozvani vratari koji su koristili zakon

used regulations to stifle innovation.

kako bi zaprečili izum.

But they didn't invent the flagman.

Ali oni nisu izmislili zastavonosca.

He's been around for a long time.

On je tu dugo obitavao.

For centuries very few could read.

Vekovima, čitanje je bilo privilegija nekolicine.

Books were copied by hand.

Knjige su ručno prepisivane.

The people in control, Political and religious leaders,

Ljudi od moći, politički

wanted to keep it that way.

i verski lideri želeli su da tako i ostane.

and they greeted Johann Gutenberg's printing press

I štamparsku presu Johana Gutenberga dočekali su

with licensing laws, publishing bans, taxes.

sa prohibitivnim merama, zabranama izdavanja, nametima.

In some parts of the world printing was a crime

U nekim delovima sveta štampanje je bilo zločin,

punishable by death.

kažnjiv smrću.

After all, they were just protecting us from dangerous ideas.

Na kraju krajeva, oni su nas samo štitili od opasnih ideja.

Before the printing press,

Pre štamparske prese,

there were an estimated 30,000 books in all of Europe.

u čitavoj Evropi bilo je nekih 30 000 knjiga.

50 years later, there were 10 million.

50 godina kasnije, bilo je 10 miliona.

As Gutenberg's invention flourished,

Kako se Gutenbergov izum razmahao,

the dark ages withered. Progress couldn't be stopped.

tako je Mračno doba usahlo. Napredak je bio nezaustavljiv.

But the flagman never stops trying.

Ali zastavonosac nije prestajao sa pokušajima.

His masters set him loose on each of these innovations,

Njegovi meštri pripustili bi ga na svaki

because they threaten someone's profits.

od ovih izuma, zato što su predstavljali pretnju nečijem profitu,

Someone's control.

nečijoj kontroli.

But remember, this is a story about money.

Ali priseti se, ovo je priča o novcu.

What if a technological innovation,

Šta ako bi tehnološka inovacija omogućila svakome

allowed anyone in the world to be their own bank ?

na svetu da bude svoja sopstvena banka,

To create a currency free from taxes and banking fees.

da stvara novac oslobođen poreza i bankarskih provizija.

The US Constitution forbid citizens

Američki ustav zabranjuje građanima štampanje

from printing or minting their own currency.

ili kovanje sopstvene valute, koja bi konkurisala

Competing with or undercutting reliance on the US Dollar.

ili oslabila zavisnost od američkog dolara.

In 1998 Bernard von NotHaus

1998. Bernard fon Nothaus odlučio je

decided to test the resolve of the federal government.

da testira odlučnost federalne vlade.

The Liberty dollar was available in gold, silver, platinum and copper.

- Liberti dolar bio je dostupan u zlatu, srebru, platini i bakru.

It was available in three forms ; Both in specie, in other words gold and silver,

Postojao je u tri oblika, kao kovanica, zlatna i srebrna,

in paper, as warehouse receipts, and in digital form.

u papirnom obliku, kao skladišnica, i u digitalnom obliku.

Obviously the government didn't like it.

Očigledno se to vladi nije dopalo.

They arrested me and convicted me of

Uhapsili su me i osudili

counterfeiting, fraud and conspiracy.

za falsifikovanje novca, prevaru i zaveru.

And I'm currently awaiting 22 years sentence in federal prison.

I trenutno čekam na izdržavanje kazne od 22 godine u federalnom zatvoru.

Lesson learned.

Pouka izvučena.

There was a hackers convention in Netherlands

- Na hakerskoj konvenciji u Holandiji

There was a young hacker there who used the alias of Satoshi Nakamoto

bio je jedan mladi haker koji je koristio pseudonim Satoši Nakamoto,

and he talked to a friend of mine

i pričao je mom prijatelju

and he identified the Liberty Dollar and me as

kako smo ga Liberti dolar i ja

Inspiring him to create a new currency.

inspirisali da stvori novu valutu.

Bernard von NotHaus's arrests for creating private money

Hapšenje Bernarda fon Nothausa zbog stvaranja ''privatnog novca'',

may also have inspired Bitcoins inventor to keep a lower profile.

verovatno je potaklo izumitelja bitkoina da se pritaji,

Publishing the invention under an alias ...

objavljujući izum pod pseudonimom,

... and vanishing.

da bi nakon toga iščeznuo.

Part of me is interested to know like who Satoshi is

- Jedan deo mene zainteresovan je da sazna ko je Satoši.

Maybe that's part of the mystique of the story.

Možda je to deo zagonetnosti priče,

It's completely irrelevant to the functioning of Bitcoin,

potpuno je nevažno za funkcionisanje bitkoina,

because we have the code to read.

zato što imamo kôd koji možemo pročitati.

But it would be kind of fun to know.

Ali bilo bi zadovoljstvo znati.

Who is Archimedes ?

- Ko je Arhimed?

Who is Euclid ?

We don't know if you Euclid was one person or multiple people,

Ne znamo da li je Euklid bio pojedinac ili množina osoba?

and you know what, it doesn't matter.

Euclidean geometry works,

Nije ni bitno. Euklidova geometrija radi

whether I know who Euclid was or not.

znao ja ili ne znao ko je bio Euklid.

Whether Euclid was a moral and good person

Bio on dobra i moralna osoba.

or whether he was a corrupt plutocrat and a bastard !

Ili pak poročni bogatun i odvratnik.

Science and mathematics have essential truth,

Nauka i matematika baštine osnovne istine

that stands alone irrespective of it's inventors,

koje postoje nezavisno od njihovih pronalazača,

and irrespective of their motives.

i nezavisno od njihovih motiva.

Well, Bitcoin is a system based on mathematical truths

Bitkoin je sistem koji je utemeljen na matematičkim istinama.

and these mathematical truths stand alone.

I ove matematičke istine su samodovoljne.

We can read the source code in Bitcoin and understand it

Možemo da pročitamo izvorni kôd bitkoina

and it will be true whether Satoshi Nakamoto is a man, a woman,

i da ga razumemo, i on će biti istinit bio Satoši Nakamoto muško ili žensko,

a collection of individuals,

skupina pojedinaca, vladina agencija

a government agency, or aliens from the future.

ili vanzemaljci iz budućnosti.

Bitcoin is digital currency and computer software.

Bitkoin je digitalna valuta i računarski program.

Capital "B" Bitcoin is the shared code

Bitkoin sa velikim B je deljeni kôd

that creates a global payment network

koji stvara globalnu platnu mrežu,

using computers connected to the Internet.

koristeći računare koji su povezani na internet.

bitcoins are virtual currency, digital money

Bitkoini su virtuelna valuta.

created stored and exchanged on that network.

Digitalni novac kreiran, pohranjen i razmenjen na mreži.

But unlike virtual Dollars created by a banker

Ali za razliku od virtuelnih dolara koje kreira bankar,

this new currency was created with math by an anonymous inventor.

ovu novu valutu stvorio je pomoću matematike anonimni pronalazač.

Bitcoin is an open source software protocol,

Bitkoin je softverski protokol otvorenog koda,

like much of the code supporting the internet and email.

nalik kodu koji podržava internet i imejl.

Open source means anyone, everyone, can use the protocol

Otvoreni kôd znači da bilo ko može koristiti protokol.

No, one person or company can control it.

Nijedna osoba ili kompanija ne mogu ga kontrolisati.

Every change to the software is public, open and transparent.

Svaka softverska promena je javna, otvorena i očevidna.

The code was first developed by Satoshi

Prvobitni kôd je Satošijevo delo.

Then there were dozens now hundreds of programmers

A onda nekolicina, sad već stotine

Constantly collaborating to improve

programera neprekidno sarađuju

Bitcoin's features and security.

na poboljšanju karakteristika i bezbednosti bitkoina.

So what makes Bitcoin a breakthrough ?

Zbog čega je bitkoin prekretnica?

it tackles an ancient human dilemma,

Hvata se ukoštac sa iskonskom ljudskom dilemom

and solves a computer science problem.

i rešava problem računarske nauke.

Any shared information or data can be flawed, corrupted.

Svaka informacija ili podatak koji se deli može biti pokvaren, oštećen.

Anything can be faked.

Sve može biti lažirano.

How do we know that what we're receiving can be trusted ?

Kako znamo da je ono što primamo pouzdano?

In our traditional mindset,

- Po našem tradicionalnom nazoru,

it's very important to know who is behind this currency.

veoma je važno znati ko stoji iza

Because their reputation is significant in knowing that our funds and our true wealth is actually safe.

ove valute, zato što je njena reputacija značajna kao osvedočenje da su naša sredstva u istinskom kapitalu zaista sigurna.

In finance, we rely on trusted third parties

U finansijama, mi se oslanjamo

like banks, credit card companies, remittance services

na poverljive treće strane kao što su banke, kompanije izdavaoce platnih kartica, platne servise.

They keep track of money as it moves from one account to another

Oni prate kretanje novca koji ide

and they charge us handsomely for it.

sa jednog računa na drugi. I to nam pozamašno naplaćuju.

We trust that their digital ledgers of credits and debits, balance.

Mi verujemo da su njihove digitalne knjige potraživanja i dugovanja uravnotežene.

A financial system that cuts out these middlemen,

Finansijski sistem koji odstrani ove posrednike

could be faster, cheaper and more secure.

bio bi brži, jeftiniji i bezbedniji.

But Bitcoin is digital.

Ali bitkoin je u digitalnom obliku.

Music and movies are easily pirated, copied, stolen.

Muzika i filmovi lako postaju predmet piraterije, kopiranja i krađe.

How can a digital currency retain value if anyone can make a million copies?

Kako digitalna valuta može održati vrednost ako bilo ko može napraviti milion kopija iste?

The answer is at the core of Satoshi's invention.

Odgovor je u srži Satošijevog izuma.

A Bitcoin is not a file on a computer.

Bitkoin nije fajl na računaru.

It's an entry in the publicly distributed database, called the blockchain.

To je zapis u javno distribuiranoj bazi podataka koja se zove blokčejn.

Just as the Medici kept a ledger of credits and debits,

Baš kao što su Medičijevi vodili knjige potraživanja i dugovanja.

today's banks record each transaction as a plus and minus in their ledgers.

Današnje banke beleže svaku transakciju kao plus i minus u svojim knjigama.

Now we call them databases.

Sad ih zovemo baze podataka.

Bank accounts are replaced by a digital wallet that you alone control.

Bankovni računi zamenjeni su sa digitalnim novčanicima koje sam kontrolišeš.

Bitcoin's ledger is the blockchain.

Bitkoin glavna knjiga naziva se blokčejn.

A record of every Bitcoin in existence,

Registracija svakog bitkoina u opticaju

and every Bitcoin transaction ever made.

i svake ikad izvršene bitkoin transakcije.

It always balances, because no Bitcoin ever leaves it.

Uvek je u ravnotežju, zato što nikada nijedan bitkoin ne nestaje iz evidencije.

When a Bitcoin is sent from one digital wallet to another,

Kada je bitkoin ''poslat'' iz jednog digitalnog novčanika

what they are really sending is control over that part of the database.

u drugi, ono što se zaista šalje jeste kontrola nad jednim delom baze podataka.

Code, that is a unique key for the new owner

Kôd koji je jedinstven ključ za novog vlasnika.

As the network processes transactions,

Kako mreža obavlja transakcije,

It constantly synchronizes the one ledger across the global network.

tako neprekidno sinhronizuje jednu knjigu preko globalne mreže.

Each computer or "Bitcoin miner" has a complete and identical copy.

Svaki računar, ili bitkoin rudar, ima potpunu i identičnu kopiju.

And because the blockchain is public,

Pošto je blokčejn javan,

it cannot be controlled by any one person or computer.

ne može ga kontrolisati nijedan pojedinac ili računar.

Owners of the Bitcoin mining computers

Vlasnici računara za rudarenje bitkoina

are rewarded with new bitcoins for processing transactions

nagrađeni su sa novim bitkoinima za realizaciju transakcija

and keeping the network secure.

i obezbeđenje mreže.

In other words the Bitcoin network replaces banks and bankers

Drugim rečima, bitkoin mreža zamenjuje banke i bankare.

Today the combined computing power of this global network,

Danas, udružena računarska snaga ove globalne mreže veća je

is greater than the 500 biggest supercomputers combined

od 500 najjačih superkompjutera zajedno,

i to 10 000 puta.

Because every transaction is verified and recorded by the network,

Pošto je svaka transakcija verifikovana i registrovana u mreži,

a Bitcoin cannot be forged.

bitkoin se ne može krivotvoriti.

Digital currency cannot be debased with cheap metals,

Digitalnoj valuti ne može se smanjiti cena pomoću jeftinijih metala,

or printed by the billion at will.

niti se može naštampati po volji.

Too much currency can unleash a monster.

Velika količina novca može razdrešiti čudovište,

Skyrocketing prices,

dižući cene u nebo, sa trilionskim dolarskim novčanicama

trillion dollar bills that can't buy a loaf of bread.

za koje se ne može kupiti vekna hleba.

There's a big movement in the US,

- Postoji snažan pokret u Sjedinjenim Državama koji zahteva

demanding that the Fed be audited so we can find out what they're doing.

da se FED podvrgne finansijskom nadzoru kako bismo saznali šta rade.

Nobody really knows how many dollars are in existence.

Niko zaista ne zna količinu dolara

For example, Ben Bernanke created several trillions of dollars

u opticaju, na primer. Ben Bernanke kreirao je nekoliko triliona

over the last several years, but nobody really knows where they landed.

dolara za poslednjih nekoliko godina. Ali niko stvarno ne zna gde su završili.

At any time for any reason the central banks

- U svako doba iz bilo kog razloga

can print as much money as they want.

centralne banke mogu štampati koliko god žele novca.

They call it fancy things like "quantitative easing"

To onda zaodenu u visokozvučnu frazu kao što je kvantitativno popuštanje.

and when they do that It makes the Dollars or Euros or Yen

I kada to rade, to čini dolar

that you and I have worth less.

ili evro ili jen koje ti i ja imamo bezvrednim.

So if the world starts using Bitcoin as their currency,

Ako bi svet počeo da koristi bitkoin kao svoju valutu,

it can't be controlled by central bankers or politicians.

centralne banka i političari izgubili bi kontrolu.

Remember, central bank's create money to boost the economy

Seti se, centralne banke kreiraju novac

and try to pull it back out before inflation heats up.

da pobude ekonomiju, i pokušaju da ga povuku pre nego što se inflacija rasplamsa.

But no one knows how much magic money global banks are creating

Ali niko zaista ne zna koliko čarobnog novca svetske banke

to boost their profits with questionable loans.

kreiraju, kako bi uvećale profit sa sumnjivim zajmovima.

Bitcoin's completely opposite.

- Bitkoin je sušta suprotnost.

It's totally transparent.

Potpuno je transparentan.

You know exactly how many exists.

Tačno znaš koliko bitkoina postoji.

The computer code behind Bitcoin has a built-in brake pedal,

Računarski kôd u pozadini bitkoina ima ugrađenu kočnicu,

cutting the creation of bitcoins in half every four years.

koja smanjuje kreiranje bitkoina za polovinu na svake četiri godine.

This ensures a transparent controlled scarcity.

To garantuje jasno kontrolisanu normiranu meru,

And ultimately limits the total number of bitcoins to 21 million

i u konačnom zbiru ograničava ukupan broj bitkoina na 21 milion.

No lobbyists, no politician, no banker, can create more,

Nijedan lobista, političar ili bankar ne može stvoriti više,

or change the mathematical rules dictating their creation.

ili promeniti matematička pravila koja određuju njihovo stvaranje.

and that's the thing I think is most exciting about Bitcoin and the technology behind it

- Unapređenje mehanizama odgovornosti. I to je ono što je najuzbudljivije u vezi sa bitkoinom

is not so much that it will supplant the dollar,

i tehnologijom koja stoji u njegovoj pozadini. Nije bit u tome da će istisnuti dolar

or that it will supplant government itself,

ili da će učiniti samu vladu nepotrebnom.

But that all of a sudden there's a competitive to government

Ali iznenada, pojavljuje se suparnik vlade.

and the government itself now needs to look over its shoulder more than it did.

I sama vlada sad mora da se preza više nego obično.

This new digital currency can be purchased online with a credit card,

Ova nova digitalna valuta može da se kupi platnom karticom preko interneta,

or in person with cash.

ili lično u gotovini.

And it has the five key characteristics of money.

I poseduje pet ključnih karakteristika novca.

But is it a store of value?

Ali da li je on spremište vrednosti?

Is it stable or will it diminish over time

Da li je stabilan ili će mu s vremenom opadati vrednost,

like a commodity rendered useless or a crop that fails ?

kao nepotrebnoj robi, ili žetvi koja je podbacila?

The ultimate power of a cryptocurrency is unleashed by mainstream adoption

Kritična moć kriptovalute oslobođena je ulaskom u preovlađujuće tokove

and an ever-growing volume of transactions.

i rastućim obimom transakcija.

- Kod bitkoina, novac se stvara

the currency has been created much more slowly than other currencies,

mnogo sporije nego kod ostalih valuta.

and the effect of that has been to turn it into

I efekat toga jeste

what is essentially a speculative asset.

da se on pretvara u biti u špekulativni balon.

if you ask a lot of Bitcoin enthusiasts,

Ako pitaš veliki broj bitkoin poklonika

whether they're spending the currency,

da li troškare novac, odgovor je ne.

they're not. They're sitting on it waiting for the price to go up.

Oni sede i čekaju da cene porastu.

It isn't a currency if you don't use it to pay people.

To nije novac ako ga ne koristiš za plaćanje.

The point is the average person is quite happy

Poenta je da prosečna osoba bude prilično srećna

to walk into a bar and hand over, you know a $5 note

kad uđe u bar i ostavi petodolarsku novčanicu

in order to get a drink.

kako bi popila piće.

so you've got to realize that most people are happy

Moraš da shvatiš da je većina ljudi

with the money system they have.

srećna sa postojećim novčanim sistemom.

If most people are happy with cash

Ako je većina ljudi srećna sa kešom,

They're in love with plastic.

onda su zaljubljeni u plastiku.

In the US 2/3 of in-person sales are done with debit or credit cards.

U Sjedinjenim Državama dve trećine ličnih kupoprodajnih transakcija obavi se sa debitnim i kreditnim karticama.

That plastic is a 60 year-old technology.

Plastika je tehnologija stara 60 godina,

Created by a middleman,

koju su stvorili posrednici.

never designed for the Internet,

Nikad nije bila predviđena za internet.

each transaction requires personal data like your name and address.

Svaka transakcija zahteva lične podatke kao što je ime i adresa.

Credit card databases are regularly hacked.

Baze podataka kreditnih kartica redovno se hakuju

with fraudulent purchases charged to your account.

uz pomoć prevarnih kupovina koje zadužuju tvoj račun.

criminals buy and sell stolen credit cards by the thousands

Kriminalci kupuju i prodaju na hiljade ukradenih platnih kartica

in dark corners of the Internet.

koristeći tzv. mračni internet.

In some parts of London

U nekim delovima Londona, jedna trećina

1/3 of all online credit card transactions are fraudulent.

svih onlajn transakcija platnim karticama jesu varaličke.

Card issuers don't hold you responsible for fraud,

Izdavaoci kartica ne smatraju te odgovornim za prevaru,

but protection comes with a price.

ali zaštita ima cenu,

2 - 4 percent in fees. That's 50 billion Dollars a year.

u vidu naknade od 2-4 posto. To je 50 milijardi dolara godišnje.

The issue with credit cards from a merchants perspective,

- Stvar sa platnim karticama

is there's a lot of risk.

iz perspektive trgovca

If they take a credit card there might be a charge back.

sadrži preuzimanje povelikog rizika. Ako prihvate platnu karticu, mogu naići na zahtev za povraćaj sredstava,

There might be fraudulent purchases.

mogu se desiti prevarantska plaćanja.

In fact, there's hundreds of billions of dollars every year in fraudulent purchases.

Uistinu, stotine milijardi dolara proknjiži se svake godine po osnovu prevarantskih kupovina.

A Bitcoin purchase is done for pennies, But there are no protections.

Kupovina bitkoina obavlja se za novac, ali nema zaštitnih mehanizama.

If you lose your passwords or are fooled into paying the wrong person,

Ako izgubiš šifre, ili si obmanut plaćanjem pogrešnoj osobi,

You can never get your money back.

nikada nećeš moći da povratiš novac.

It is like digital cash.

To je kao digitalna gotovina.

For a seller, this means no charge back risks.

Za prodavca to znači da nema rizika povraćaja sredstava.

For an e-commerce company like Expedia or Overstock

Za kompanije koje se bave e-trgovinom, kao što su Ekspedija ili Overstok,

cutting credit card fees can double their profit margin.

ukidanje naknada za korišćenje platnih kartica može udvostručiti njihovu profitnu marginu.

You could not miss the points more effectively,

- Nema veće omaške

than by thinking of Bitcoin as a currency and payment network

od mišljenja da će bitkoin kao valuta

that will make shopping easier for the first world.

i platna mreža učiniti kupovinu jednostavnijom u visoko razvijenim zemljama.

Bitcoin is about everything else everywhere else.

Bitkoin je stvar svega drugog, svukudašnjeg.

There are 2.5 billion people without a bank account.

2,5 milijardi ljudi na svetu nema bankovni račun.

With Bitcoin a mobile phone with an internet connection

Sa bitkoinom, mobilni telefon sa internet vezom

is now a bank, with access to the global marketplace.

postaje banka, sa pristupom globalnom tržištu.

What happens when Bitcoin services and infrastructure

- Šta se dešava ako bitkoin uslužni servisi

and Bitcoin wallets and payment processes

i infrastruktura, i bitkoin novčanici

start going into these countries ?

i platni procesori, pohrle u ove zemlje.

These people will be able to gain benefits from trade

Ovi ljudi moći će da se okoriste

where they could not previously.

u trgovini tamo gde to nisu mogli ranije.

These people will be able to send money home,

Moći će da šalju novac kući,

International remittance.

međunarodni platni promet

Which is one of the major paying points of the current financial system.

je glavna neuralgična tačka sadašnjeg finansijskog sistema.

Here if I send $100 with banks it's going to cost me 20%

- Evo, ako šaljem 100 dolara. Banke će mi za to naplatiti 20%.

Western Union is going to cost 10%

Western Union će mi uzeti 10%.

other options that are competing with Western Union still going to be about 5%

Druge opcije koje konkurišu WU i dalje će me koštati oko 5%.

And if you are sending to really remote areas

I ako šaljete u veoma udaljena područja,

it's going to be anywhere between 15 and 30 percent.

to će biti negde izmeću 15 i 30%.

So in terms of money remittances, it's gonna be a game-changer using Bitcoin.

- U terminima transfera novca, upotreba bitkoina postaće prelomna tačka.

You do not need a bank account.

Ne treba ti bankovni račun.

You just need an internet connection and a wallet to get set up.

Treba ti samo internet veza i novčanik da bi bio spreman.

It's a tool to give people an access into the global ecosystem

To je sredstvo koje ljudima daje pristup globalnom ekosistemu, i daje im obećanje

and give them a promise for an economic future. And specifically provide a way for them to not be dependent

ekonomske budućnosti, i posebno im omogućuje način

on a government that could shut down their bank accounts

da ne budu zavisni od vlade koja bi im mogla ugasiti bankovne račune,

or even could go into their bank accounts and take out finances.

ili čak pristupiti njihovim računima i preuzeti sredstva.

Goldman Sachs came out with a report

- Goldman Saks je objavio izveštaj,

and they basically looked at if you were to replace

i u osnovi su promotrili

all transactions globally,

ako bismo zamenili sve transakcije na globalnom nivou,

so FX, bank to bank transactions with the Bitcoin protocol and still charging 1% mind you,

tako da su međubankarske transakcije sa bitkoin protokolom uz proviziju od 1%, obrati pažnju,

it would save the global economy $200 billion.

to bi prištedelo globalnoj ekonomiji 200 milijardi,

So not million, $200 billion a year in saved transaction costs.

ne miliona, 200 milijardi dolara godišnje u ušteđenim troškovima transakcija,

Which ultimately goes back into the hands of the consumer.

koje se na koncu vraćaju u ruke potrošača.

An international wire transfer can take up to four days.

Međunarodni transfer novca može potrajati i do četiri dana.

Yet the internet allows us to instantly and globally

Internet nam pak omogućuje da bez odlaganja

share text, pictures, videos, anything digital.

i širom sveta delimo tekst, slike, video zapise,

Why not money ?

bilo šta digitalno.

Money which we now know only exists as digits in the bank's database.

Zašto ne i novac? Novac koji, sada znamo, postoji samo kao niz cifara u bazi podataka banke.

Wouldn't be great. If you could send Bitcoin transactions just simply via a tweet.

- Zar ne bi bilo sjajno kad bi mogao da obaviš bitkoin transakciju

For example, you would say @TheEndOfMoney $1

jednostavno preko jednog tvita? Na primer, rekao bi @Krajnovca bitkoin u vrednosti jednog dolara i to smo napravili.

and so it'll be just that. All you have to do is hashtag it with #tippercoin

Sve što treba je da ga hešteguješ sa #tippercoin.

press send, and our Twitter bot will process the transactions,

Klikneš ''poslati''. I naš tviterbot će realizovati transakcije,

notify you and give you a link.

obavestiće te i daće ti link, što će ti omogućiti

and this will allow you to either withdraw your Bitcoins or send it to someone else.

da podigneš bitkoine ili da ih pošalješ nekom drugom.

With Bitcoin you can send $1 or $1 million worth of value anywhere in the world

- Uz pomoć bitkoina možeš poslati jedan dolar ili vrednost od milion dolara bilo gde na svetu.

You can do it for free or you pay the Bitcoin network fee

To možeš uraditi besplatno ili možeš platiti bitkoin mrežnu proviziju,

which is still just around a penny

koja je i dalje negde oko jednog centa.

and there's nothing that the big banks or politicians can do to stop it.

I ne postoji ništa što velike banke ili političari mogu uraditi da ga zaustave.

A cryptocurrency that can only be created and transferred

Kriptovaluta koja može biti kreirana

with computer networks,

i prenesena samo preko računarskih mreža

may be the next step of the digital revolution.

može biti sledeći korak digitalne revolucije.

The rise of machines.

Uzdizanje mašina.

Self-driving cars, drones

Samovozni automobili, dronovi,

Robots that rely less and less on humans.

roboti koji sve manje zavise od ljudi.

What I often think is that the future of Bitcoin

- Često pomislim da je budućnost bitkoina,

or digital currency from a broader perspective

ili digitalne valute u širem smislu,

is really about machine to machine payments.

zaista stvar mašinskog plaćanja.

So by the time you have an unmanned taxi driving you around New York

Do trenutka kad se pojavi taksi bez vozača koji te vozi

and then going to power up at an unmanned power station,

po Njujorku, koji se dopunjuje u robotizovanoj stanici za punjenje električnih automobila,

or going to get repairs an unmanned auto shop,

ili odlazi na popravku u robotizovani servis.

you'll see the machine to machine payments

Videćeš mašinsko plaćanje koje se obavlja

done with some sort of digital currency.

nekom vrstom digitalne valute.

We actually built this world that we live in over the last 200 or 300 years

- Mi smo zapravo tvorci ovog sveta u kom živimo

We've made some mistakes. We've learnt to make things better.

poslednjih dvesta ili trista godina. Napravili smo neke greške. Naučili smo da poboljšavamo stvari.

The idea that there's some magic key

Ideja da postoji čarobni ključ,

that if you just sort of stop doing a few things

da ako samo na neki način prestaneš da činiš neke stvari,

that there will be this perfect order that will settle

da će to biti savršen poredak koji će se ustoličiti,

is a very childish ideological delusion in my opinion

jeste veoma detinjasta, ideološka zabluda, po mom mišljenju.

But that is not to say that Bitcoin isn't an exciting thing.

Ali to ne znači da bitkoin nije uzbudljiva stvar.

It's a terrifically exciting thing.

To je zapanjujuće uzbudljiva stvar.

But we have to try and engage with it with working minds not with magical thinking.

Ali moramo pokušati i pozabaviti se time trezvenih umova, a ne sa magijskim mišljenjem.

People are suggesting that it's going to be another world currency,

Ljudi smatraju da će to biti još jedna svetska valuta

a rival of the Dollar or the Euro or the Yen.

koja će konkurisati dolaru, ili evru, ili jenu.

I think that's not going to happen.

Mislim da se to neće desiti.

I prefer to trust the banks or the central government compared to the Bitcoin

Više volim da verujem bankama i centralnoj vlasti

is because someone's accountable.

nego bitkoinu, zato što postoji neko ko je odgovoran.

Whereas with Bitcoin, It's completely deregulated.

Dok je bitkoin potpuno neregulisan.

There's no central control. There's no one held accountable.

Nema centralnog nadzora. Nema odgovornog lica.

It is a free float. It's purely demand and supply driven.

To je plivajući režim, vođen isključivo potražnjom i ponudom.

So clearly this is not a currency.

- Jasno je da ovo nije valuta.

Currencies don't behave like this.

Valute se ne ponašaju ovako.

What this is, is a high-risk speculative commodity

Ovo je samo visoko rizična, špekulativna roba.

So for the entrepreneurs, the bankers, the governments

- Za preduzetnike, bankare,

and everyone else studying and watching Bitcoin

vlade i bilo koga drugog ko proučava

all I have to say is that there will probably be a lot of volatility in an upward trajectory, and to buckle up !

i prati bitkoin, sve što imam da kažem jeste da će verovatno biti mnogo kolebanja na uzlaznoj putanji, i da se osiguraju.

Criminals, scam artists, bad actors are drawn to any kind of money like a moth to a flame.

Kriminalce, varalice, problematične tipove, privlači bilo kakva vrsta novca kao plamen leptira.

Silk Road was a marketplace that was online, and it existed in the underground web.

- Silk roud je bio onlajn tržište. Ono je postojalo u svetu podzemnog interneta.

Now this marketplace allowed people to sell things that were illegal to governments.

Ovo prodajno mesto omogućavalo je ljudima da prodaju stvari koje su bile nezakonite.

fake IDs pirated music

Lažna lična dokumenta, piratisana muzika,

Bibles in North Korea

Biblije u Severnoj Koreji.

Are crypto currencies inherently bad, or just the newest tool to acquire the forbidden?

Da li je kriptovaluta po sebi loša ili samo najnovije sredstvo da se stekne zabranjeno?

Porn is illegal in Iran.

- Pornografija je zabranjena u Iranu.

There was a few percentage points of sales on Silk Road was to sell porn to Iranians.

Pa sad, bilo je nekoliko procenata realizacije na Silk roudu, koja se odnosila na prodaju pornografije Irancima.

Now a much broader one that gets a lot of press with the Silk Road is drugs.

E sad, mnogo veća stvar koja je donela suvišak novinarske pažnje momcima sa Silk rouda jeste droga.

I've been doing research over the past couple of years into the online drug market places

- Nekoliko poslednjih godina radim istraživanje na temu onlajn tržišta droge

in the dark net using Tor and Bitcoin,

na mračnom internetu, koja operišu uz pomoć Tora i bitkoina

as technologies to enable illicit drug transactions.

kao tehnologija koje omogućuju trgovanje zabranjenim supstancama.

We did a global survey of drug users,

Uradili smo globalno anketiranje korisnika droge

and we had over 20,000 people respond to that.

i više od 20 000 ljudi se odazvalo,

and the majority of those people were buying traditionally illicit drugs,

i većina ovih ljudi kupovala je tradicionalno zabranjene psihoaktivne supstance.

ecstasy, cannabis ...

Ekstazi, kanabis.

The FBI brought down Silk Road.

FBI je srušio Silk roud.

It certainly hasn't stopped the trading of illicit drugs online.

To zasigurno nije zaustavilo onlajn trgovinu nedozvoljenim supstancama.

A lot of people want to criticize Bitcoin for being used for illegal things or illicit things

- Mnoštvo ljudi želi da kritikuje bitkoin zbog korišćenja u protivzakonite svrhe.

But if you look at it, the most popular currency in the entire world for doing bad things, is the US Dollar.

Ali ako pogledamo pažljivije, vidimo da je najpopularnija valuta na celom svetu, koja se koristi za neprilične stvari, američki dolar.

If you think of Bitcoin as a platform instead of a currency,

- Ako bitkoin zamišljaš kao platformu umesto

then you really begin to see the potential it has.

kao valutu, onda doista počinješ da uviđaš njegov potencijal.

The ledger which cannot be forged. It cannot be changed.

- Glavna knjiga koja se ne može falsifikovati,

The universe accepts it. It's genius !

ne može se menjati i univerzalno je prihvaćena, jeste genijalna stvar.

There will be Bitcoin technology forever,

Bitkoin tehnologija je večna stvar,

and it'll have applications for years to come.

i svoju primenu naći će u godinama koje dolaze.

Creating a secure global payment system may just be the beginning.

Stvaranje bezbednog, globalnog platnog sistema možda je samo početak.

Patents, contracts, land titles, proof of ownership,

Patenti, ugovori, zemljišne knjige,

can be baked into Bitcoin, securely held in the public ledger.

dokaz o vlasništvu, mogu biti uvezani u bitkoin. Bezbedno smešteni u javnoj knjizi.

I Read up a bit more about Bitcoin, I played with the source code

Pomno proučavam bitkoin.

I built some things that I realized this is actually a very very powerful protocol.

Zanimao sam se sa izvornim kodom. Neke stvari sam napravio, da bih shvatio da je ovo doista veoma, veoma moćan protokol.

It's not just a currency, but it's actually programmable money.

To nije samo valuta, već je to zapravo programabilni novac.

The digital age has fundamentally changed the world.

Digitalno doba je iz temelja

We have embraced digitized music,

promenilo svet. Prihvatili smo digitalnu muziku, film,

film, medical records, communications ... ... The internet.

medicinsku dokumentaciju, komunikacije, internet.

The free exchange of information and currency can fuel revolutions

Slobodna razmena informacija i novca može raspaliti revolucije,

Help in a disaster.

pomoći u velikoj nesreći.

But our money is shackled to the 20th century.

Ali naš novac je svezan za dvadeseti vek,

Manipulated by governments and banks.

prepušten kontroli vlada i banaka.

The champions of Bitcoin ask us to imagine

Pobornici bitkoina traže od nas

payments without a middleman,

da zamislimo plaćanja bez posrednika.

Investments without a broker,

Investiranja bez brokera.

loans without a bank,

Kredite bez banke.

insurance without an underwriter,

Osiguranje bez osiguravača.

charity without a trustee,

Dobrotvornu organizaciju bez poverenika.

Escrow without an agent,

Ugovor posebne namene bez agenta.

betting without a bookie,

Klađenje bez kladioničara.

record-keeping without an accountant .

Knjigovodstvo bez knjigovođe.

Global, secure, nearly instant and free.

Globalno, bezbedno, skoro trenutno i besplatno.

is it fantasy ... ?

Je l' to uobrazilja ili budućnost

Or the future of money and commerce I

novca i trgovine? (poletna instrumentalna muzika)

Love bitcoins. I'm really into bitcoins. Well Satoshi

- Volim bitkoine. Veliki sam zaljubljenik bitkoina.

Nakamoto, that's the name. I love to say and we don't know much about him, but he came to save the day

<i>Satoši Nakamoto,</i> <i>To je mojih usana moto,</i> <i>Iako o njemu ne znamo mnogo,</i> <i>Izbavi nas iz nevolje zadugo.</i>

If you don't know what a Bitcoin is rice, usually the way people describe it is digital cash its money

Ako ne znaš šta je bitkoin, obično ga ljudi opisuju kao digitalni novac. To je novac za internet.

<i>Bitkoin dok hodiš u stari blokčejn,</i> <i>O bitkoin, znam da ćeš vladati, vladati.</i> Bili su u fazonu: ''O, ja volim svoju banku''.

Jóska banking, you know, what's two plus two is like well I can tell you but there's a fade

Ja na to: ''Stvarno?'' Pitaš bankara: ''Je l' znaš koliko je dva plus dva?'' On će na to: ''Reći ću ti, ali uz proviziju.'' (smeh)

Down the road will be told about the death of old Mount GOx about traders trading

<i>U budućnosti pričaće se</i> <i>O smrti starog Maunt Goksa,</i>

altar coins and miners mining now big parties and their technology

<i>O verolomnicima koji trgovaše lažnim novčićima,</i> <i>I rudarima koji rudare blokove.</i> Bitkoini su nova tehnologija.

I like to say banking in lies see all of the convenience. None of these

Običavam da kažem da je to bankarstvo (mrmlja). Sa svim prednostima, bez ijedne mane. (smeh)

Into the old block chain up it I know you're going to rain gonna rain

<i>O bitkoin, dok hodiš u stari blokčejn,</i> <i>O bitkoin, znam da ćeš vladati, vladati,</i>

till everybody knows everybody knows, you know when I go online and I buy like

<i>Dok svi ne saznaju, svi ne saznaju.</i> Znaš, kad stanem u red

I know pair of socks if I pay with a credit card

i kupim, ne znam, čarape. Ako platim platnom karticom,

I'm just buying socks, right if I buy those socks with Bitcoin. It's a

samo kupujem čarape. Jašta, ako te čarape platim bitkoinom,

to je revolucija.

Am sticking it to the man Pass B, Samar

(smeh) Prst u oko establišmentu. <i>O Gospode, dodaj mi još.</i>

there's always people we're not ready to get into the new technology, you know, like when the internet came out there was gonna

Uvek postoje ljudi koji nisu spremni da se pačaju sa novom tehnologijom. Znaš, kao kad se pojavio internet, bilo je ljudi koji su govorili:

Be

''Ne, mislim da ovo neće zaživeti.'' (smeh)

Like nah, this isn't gonna catch on

Onda se pojavio imejl i ljudi su komentarisali: ''Ne, ovo se neće održati.''

And now Bitcoin comes out people like I don't think I'm like, aren't you sick of being wrong?

I sad se pojavljuje bitkoin, ljudi su u fazonu: ''Ne mislim,'' ja dodajem: ''Zar ti nije dojadilo da ideš u krivud?''

Get on this train

''Ukrcavaj se na ovaj voz.'' Preveo: <i>Immanpx</i> Preuzeto sa www.titlovi.com

Similar videos:

Bitcoin: El fin del dinero tal y como lo conocemos | SUBTÌTULOS ESPAÑOL | Monedas Criptográficas
Bigtime - Películas Gratis
7.3K views 164 likes 6 dislikes 24 Nov 202094% match

bitcoin
TheMlmradioshow
769 views 5 likes 0 dislikes 24 Jan 201792% match

The Bitcoin Experiment | DOCUMENTARY | Bitcoins Explained | Cryptocurrency | Crypto | Blockchain
China - Insight
7.4K views 281 likes 13 dislikes 23 Aug 202047% match

The Blockchain and US | Documentary | Bitcoin | Crypto News | Cryptocurrency | Blockchain Explained
China - Insight
46K views 1.5K likes 52 dislikes 02 Jul 202042% match

0 views 0 likes 0 dislikes 07 Jun 202637% match

0 views 0 likes 0 dislikes 07 Jun 202635% match

Bitcoin Movie: Bit X Bit | In Bitcoin We Trust | Cryptocurrencies | Documentary | Digital Money
China - Insight
197.3K views 2.4K likes 63 dislikes 25 Dec 202035% match

Bitcoin DOCUMENTARY | Crypto News | Cryptocurrencies | Inside the Cryptokingdom | Blockchain
China - Insight
21.9K views 560 likes 9 dislikes 04 May 202034% match

Bitcoin, Blockchain, InsurTech, Cryptocurrencies & More: FinTech Made in Switzerland | Documentary
China - Insight
10K views 264 likes 7 dislikes 17 Nov 202032% match

0 views 0 likes -1 dislikes 07 Jun 202630% match

Ron Paul on Understanding Power: the Federal Reserve, Finance, Money, and the Economy

73.3K views 325 likes 32 dislikes 13 Jun 201229% match

Blockchain Film | Decentralized Finance | Bitcoin | Distributed Systems | Crypto | Digital Currency
China - Insight
41.6K views 855 likes 17 dislikes 19 Nov 202028% match

Secrets of the Federal Reserve: U.S. Economy, Finance and Wealth

54.3K views 108 likes 18 dislikes 03 Jul 201228% match

What Does Ron Paul Stand For? On Education, the Federal Reserve, Finance, and Libertarianism

33K views 81 likes 12 dislikes 07 Jul 201227% match

BITCOIN $29,000 IN IRAN!!!🛑 Programmer explains
Ivan on Tech
23.3K views 1.1K likes 69 dislikes 04 Jan 202027% match

Un siglo de esclavitud: La historia de la Reserva Federal
Centro Mises
27.3K views 266 likes 12 dislikes 22 Feb 201527% match

اسباب الادخار بالذهب وفوائده - مترجم - BENEFITS OF SAVING IN GOLD
MJ 24V
4.1K views 51 likes 14 dislikes 21 Sep 201726% match

Deutsch lernen im Schlaf & Hören Lesen und Verstehen Niveau C1 (18)
DeutschBlitz
15K views 392 likes 13 dislikes 15 Aug 202026% match

David Icke Dot Connector EP1 Friday Nov 29, 2013 with subtitles
Raw TPV
10.2K views 70 likes 4 dislikes 23 Jan 201426% match

Government Surveillance of Dissidents and Civil Liberties in America

68.8K views 49 likes 33 dislikes 03 Jul 201226% match

10 Million Dollar Bitcoin End Game (Original version)
entropi
303.3K views 12.5K likes 319 dislikes 07 Jun 201926% match

David Icke Dot Connector EP 4 with subtitles
Raw TPV
3.3K views 15 likes 1 dislikes 09 Mar 201426% match

This Timeline Shows The Death Of The US Dollar As World Reserve - Hidden Secrets Of Money Episode 3
GoldSilver
2M views 21.4K likes 557 dislikes 24 Sep 201326% match

الجزء الثالث من صنع في بريطانيا BBC.Made.in.Britain.3of3
meow videos
39.6K views 59 likes 11 dislikes 16 Oct 201126% match

Savings and Loan Scandal: Taxpayer Bailout

38.5K views 45 likes 20 dislikes 25 Jun 201225% match

Environmental Regulation and the North American Free Trade Agreement (NAFTA)

31K views 18 likes 14 dislikes 02 Jul 201225% match

BITCOIN INSANE BREAKOUT!!! 🛑 Prepare Now... - Programmer explains
Ivan on Tech
12.8K views 919 likes 45 dislikes 07 Jan 202025% match

The Kardashev Scale (Music Included)
Isaac Arthur
297.4K views 7.7K likes 149 dislikes 20 Oct 201625% match

My Hair Transplant Results (Turkey) - 12 MONTH UPDATE || MR HAIRLUBRIOUS
MR HAIRLUBRIOUS
12.8K views 208 likes 5 dislikes 15 Nov 202025% match

Week 10
CS50
38.3K views 0 likes 0 dislikes 12 Nov 201325% match

Settings Privacy About Contact Donate