legacy financial institutions that are basically middle men, they'll be the walking dead. I mean, i think it's going to be book stores without an commerce platform,. And when you talk about the inf structure that they will need, what inf structure are you talking about? Specifically? It's going toBe like the ability to interface with defy with crypto currencies. Yes. Obsoletend.
The Sunday Times’ tech correspondent Danny Fortson brings on Jesse Powell, founder of crypto exchange Kraken, to talk about his first startup selling video game virtual goods (3:00), reading about bitcoin (9:40), why he thinks bitcoin will replace gold (12:00), launching Kraken (12:50), getting a banking license (15:00), selling tens of thousands of bitcoin (17:00), how widespread crypto actually is (20:40), the inherent weakness in the market (26:00), the Mt Gox bankruptcy (27:40), the impending failure of fiat currency (31:40), the power of the current system (34:35), raising just $20 million (36:00), and reaching the masses (40:00).
Hosted on Acast. See acast.com/privacy for more information.