I feel like the whole crypto experience s like looking at an e k g. It's very up and down, but a, it does seem like over the long term, that direction is generally up and to the right. So we'll se if it continues. I'm actually not writing in the paper this week because i'm on holiday. But yet, will be back next week with more stuff. Fabulous new episode.
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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