A Critic of Cryptocurrencies Says Bitcoin Needs To Be Burnt With Fire
Odd Lots
Bloomberg
4.4 • 1.6K Ratings
🗓️ 25 March 2019
⏱️ 38 minutes
🧾️ Download transcript
Summary
There's a problem in many debates about cryptocurrencies and blockchain technology. While many people are inclined to dismiss them as fraudulent ponzi schemes, most of those critics aren't particularly well informed by them, so their dismissals are hollow and uncompelling. On this week's episode, we speak with Nicholas Weaver, a Berkeley computer scientist who is well versed on the technology, who argues why the entire space ought to be burnt down in a fire.
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| 0:00.0 | When you get your news from Bloomberg, you don't just get the story. You get the story behind the story. |
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| 0:24.6 | dot com to get context. Hello and welcome to another episode of the Oddbots Podcast I'm Joe Wiesenthal. |
| 0:45.0 | I'm Tracy Allaway. |
| 0:47.0 | So, Joe, I think at this point we've had a number of people either involved in the cryptocurrency boom or a massive |
| 0:56.4 | fans of it on the podcast correct? Yeah we have now haven't we I hadn't really |
| 1:01.0 | like thought about that but in the last several months it does |
| 1:05.8 | feel like even with the sort of boom having waned quite a bit over the last year we have |
| 1:11.0 | talked to a number of hardcore true believers. |
| 1:14.3 | Yes, and we've discussed this before but our timing on this has been absolutely terrible |
| 1:19.0 | because we basically waited until the bubble had burst for us to get a bunch of Bitcoin people on. |
| 1:25.0 | But you know at least we didn't contribute to the bubble because I don't think like we did a single |
| 1:29.3 | crypto episode in all of 2017 as far as I know and so at least when everyone was like you |
| 1:36.3 | know losing their heads or going crazy at least we didn't at least we didn't |
| 1:39.9 | amplify the hype this is very true but I think in the interest of fairness at this point we need to get a sort of anti-cripto person on. |
| 1:50.0 | And in my search for this ultimate anti-cripto person, I think I came upon the most sort of |
| 1:58.5 | vociferous argument against cryptocuracies and also the underlying blockchain technology that I have ever seen. |
| 2:07.4 | Wait, are we going to, are we talking to Jamie Diamond today? |
| 2:10.0 | No, it's not Jamie Diamond. |
... |
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