The difference between the amount of press an f ts were getting and the actual number of people who were buying and selling nfts was dramatic. In other words, it wase small circular economy. Think it depends on ke the time in the cycle. And when you're in more like a bear market or things are stale, i think you really seem more like the actual use case,. Like real floes, you know, real transactions being settled with crypto.
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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