Bitcoin is More Than a Financial System with Zac Prince & Jeremy Welch - WBD130
Mr Obnoxious
Peter McCormack
4.8 • 2.7K Ratings
🗓️ 26 July 2019
⏱️ 76 minutes
🧾️ Download transcript
Summary
During the previous bull run, the hype led to an influx of companies using Bitcoin or 'blockchain' to inflate value and attract investment. Many of these were questionable projects, and some were outright scams. Even legitimate companies struggled with the difficulty of creating value with Bitcoin, as companies failed two thrived: Casa and BlockFi.
BlockFi is building financial products for Bitcoin holders which allow them to use their crypto as collateral for taking out a loan or lend out their Bitcoin to earn interest. Casa is improving security by simplifying multisig.
So why have BlockFi and Casa been able to grow and thrive duing the bear market while so many others have failed?
In this interview, I speak with Casa Founder Jeremy Welch and BlockFi Founder Zac Prince, we discuss Bitcoin utility, non-financial and sometimes unexpected applications and why Bitcoin is more than a financial system.
Transcript
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| 0:00.0 | Welcome to the What Bit Bitcoin did podcast. |
| 0:05.0 | Hello, Bitcoiners. |
| 0:08.0 | Hi from New York. How are you all? |
| 0:10.0 | I'm on the last few days of this trip. |
| 0:12.0 | I'm going to be heading back to the |
| 0:13.9 | Global Center for Bitcoin. I'm going to be heading back to Bedford on |
| 0:16.8 | Saturday, so it's been quite a trip. But welcome to the What Bitcoin did |
| 0:21.0 | podcast, which is brought to you by the mighty Krakhan |
| 0:23.6 | the best placed in the world for buying Bitcoin and did you check out my |
| 0:27.8 | interview with Krakhan's chief security officer Nick Pacoco it was my |
| 0:31.7 | last release if you haven't you definitely need to go and |
| 0:34.4 | check it out. The feedback has been great. People seem to really like that show so |
| 0:37.9 | I definitely want you to hear it. I want you to find out about why Cracken is |
| 0:41.2 | the best place and the safest place for buying |
| 0:43.9 | Bitcoin but also we're moving on to this week's show. I've got another monster |
| 0:47.8 | episode. I've got Zach Prince from my sponsor Blockfai and Jeremy |
| 0:52.1 | Welsh from the Amazing Carsa but before that I've got a |
| 0:55.0 | message from my show sponsors. So firstly I'm going to talk to you about DropBit. You know these by now. |
| 1:00.9 | I know you know them because you keep emailing me and a few people |
| 1:03.6 | emailed me this week said they downloaded it, said they downloaded the app and I |
| 1:07.3 | sent you some Bitcoin. These guys are crushing innovation with Bitcoin mobile |
| 1:11.8 | wallets and I've tried out a few others and they're |
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