Crypto is by its very nature decentralized. However, because of just the nature of the technology, effectively you need an ap to access that. So why is crypto better? If, at the end of the day, most people are using an exchange which is subject to the same pressures as a bank would be,. Yet, great question. Well, i think it's been awhile before there's been this rull, like, existential, kind of killer hack of an exchange. But i think newer people might not have that awareness of liking amountgas style event.
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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