Bitcoin - The Most Inefficient Transaction Processing System Ever Created

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Goldman Sachs CEO says Bitcoin is "the most inefficient transaction processing system ever created" Goldman: It was created to solve double spend problem, but it exists to solve a very different problem. The internet has imploded back to like 2000, bringing mind-trading and investment into disrepute, he says.

In this episode, Bill and Peter discuss the basics of crypto, how to get involved in the crypto world, and how the banking system will evolve.

You will learn about:

21:09 | The 101 of Cryptocurrency
50:51 | Building Confidence In A System That Is Fully On The Internet.
1:20:17 | What Will Be The Tipping Point When Crypto Takes Over?

Bill Barhydt is the founder and CEO of Abra, an all-in-one mobile wallet that allows its customers to buy, sell, trade, store, and borrow cryptocurrency. Barhydt is a serial entrepreneur who has worked with NASA, the CIA, and Goldman Sachs.

Learn more about Abra.

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