'Bitcoin Oracle' Vinny Lingham On Why Bitcoin Is Overpriced

Unchained

Laura Shin

News, Tech News, Business News

4.6 • 1.3K Ratings

🗓️ 30 May 2017

⏱️ 63 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Civic CEO and cofounder explains how his upbringing in South Africa and his experience at former company Gyft led him to launch a startup focused on identity. It was also at Gyft that he realized how enthusiastic the bitcoin and cryptocurrency crowd is and how a business could harness that enthusiasm to grow its user base. We discuss why the ICO craze has only just gotten started and how cultural differences could make the scams and speculation worse than in previous bubbles. Plus, Lingham explains what risks in bitcoin investors aren't pricing in and why he believes the odds of a split in bitcoin are currently greater than 50%. Don't forget to take the Unchained podcast survey: https://www.surveymonkey.com/r/unchained Civic: https://www.civic.com/ Show notes: http://www.forbes.com/sites/laurashin/2017/05/30/bitcoin-oracle-vinny-lingham-on-why-bitcoin-is-overpriced/ More on ICOs: https://www.forbes.com/sites/laurashin/2017/05/16/icos-why-people-are-investing-in-this-380-million-phenomenon/#ff1983411a18 The risks of a split in Bitcoin: https://www.forbes.com/sites/laurashin/2017/03/21/is-this-massive-power-struggle-about-to-blow-up-bitcoin/#5c5658677325 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This episode is brought to you by Krakin.
0:03.0	Krypto is like the financial system, but different.
0:06.0	He doesn't care where you come from,
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0:45.6	Hi everyone, welcome to Unchained, a podcast engineer-dryfractal recording and produced by me, your host,
0:55.2	Laura Shin, a Forbes contributor covering Cryptocrones' and blockchain.
0:59.2	Thanks for tuning in.
1:00.8	I've been getting some really helpful feedback on Unchained. If you haven't already,
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1:08.7	think could be improved. Go to survey monkey.com slash R slash unchanged or find the link in the show description of this episode.
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1:19.6	I've been to some blockchain conferences recently and have gotten some really nice comments from
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