I think adoption is different all over the worldlike people in north america don't really have a super strong use case for crypto for day to date payments, obviously. But i do think if this is to become, you know, main stream, it has to be obviously used by a lot of people. I justas with if a new exchange appears, one guy with two accounts and zero fees can generate infinite volume just by trading with himself all day. The same goes for en of teas. You see a lot of trading happening, a guy with two wallets trading with himself back and forth,. And you can see it clearly on the chain. So that's a pretty bad position
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).
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