The world's a really interesting place. You know, we got up picco and got up to 70 grand or ish, then it dropped to 30, and now it's up to forty seven. I mean, business s to ove cazana, if you could have just literally sat at mac donald's for a few years and then never worked again. Maybe, you know, hav me for my prospective hack on 20 11. But after gox, i really felt like the world needed a really leg exchange and a younon.
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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