461 - Ben Mezrich: Bitcoin Billionaires (And The Future of Crypto)

The James Altucher Show

James Altucher

Education, Business

4.6 • 2.7K Ratings

🗓️ 11 June 2019

⏱️ 72 minutes

🔗️ Recording | iTunes | RSS

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Summary

I believe in bitcoin. But not everyone understands it. It's confusing. So Ben Mezrich wrote about it. But not in the boring way you've seen over and over again. Ben Mezrich is a thriller writer. So he found the drama. And shows you bitcoin's dark history and its bright future. I write about all my podcasts! Check out the full post and learn what I learned at jamesaltucher.com/podcast. Thanks so much for listening! If you like this episode, please subscribe to "The James Altucher Show" and rate and review wherever you get your podcasts: Apple Podcasts Stitcher iHeart Radio Spotify Follow me on Social Media: YouTube Twitter Facebook Linkedin Instagram ------------What do YOU think of the show? Head to JamesAltucherShow.com/listeners and fill out a short survey that will help us better tailor the podcast to our audience!Are you interested in getting direct answers from James about your question on a podcast? Go to JamesAltucherShow.com/AskAltucher and send in your questions to be answered on the air!------------Visit Notepd.com to read our idea lists & sign up to create your own!My new book, Skip the Line, is out! Make sure you get a copy wherever books are sold!Join the You Should Run for President 2.0 Facebook Group, where we discuss why you should run for President.I write about all my podcasts! Check out the full post and learn what I learned at jamesaltuchershow.com------------Thank you so much for listening! If you like this episode, please rate, review, and subscribe to "The James Altucher Show" wherever you get your podcasts: Apple PodcastsiHeart RadioSpotifyFollow me on social media:YouTubeTwitterFacebookLinkedIn See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:00.0	This isn't your average business podcast and he's not your average host.
0:06.4	This is the James Altiger Show on the Choose Yourself Network.
0:12.5	Today on the James Altiger Show.
0:15.8	You know, we all sort of have faith that the dollar is here to stay and it works.
0:20.7	I mean, use it to pay for things.
0:22.4	But actually, at a lot of fundamental levels, money, as it stands out, does not solve the
0:28.1	problems of money in a global economy.
0:31.8	Like to transfer money, let's say you were in China and I needed to send money to you.
0:35.4	I got to go to my bank, then it's the local reserve bank, then the federal reserve bank,
0:39.2	then the swift wiring system, then whatever banking system is in your country which may or
0:43.5	may not be corrupt.
0:44.5	There's fees every step of the way.
0:46.5	There's potential for human error every step of the way.
0:49.2	And it was just that, you know, yeah, you're right.
0:50.8	I mean, it's not easy to send a dollar to someone in India or to send a dollar to someone
0:55.1	in China.
0:56.1	For me, the simple explanation is I can send you money with nobody between us instantly,
1:03.1	just like sending a text or an email.
1:05.8	It's digital immediately and some people, you know, have problems with the idea of digital
1:09.8	money, but the reality is all your money is already digital.
1:12.1	The only money you actually have is what's in your wallet.
1:14.0	The minute you go to the bank and deposit it, it becomes ones and zeros.
	...

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