Bitcoin, the Evil Spawn
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 16 November 2018
⏱️ 5 minutes
🧾️ Download transcript
Summary
- A European Central Bank executive board member said this week that blockchain is promising – but that bitcoin is “the evil spawn of the financial crisis.”
- Two cryptocurrency startups have agreed to register their initial coin offering tokens as securities after settling charges with the U.S. Securities and Exchange Commission.
- Interest from both employers and job seekers in blockchain and cryptocurrency-related jobs has declined in the past year, new data indicates.
- After yesterday’s split of the Bitcoin Cash blockchain, several top exchanges have already accommodated the resulting two tokens.
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Transcript
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| 0:00.0 | The SEC has declared another first in its effort to regulate initial coin offerings. |
| 0:06.7 | Good evening. I'm Stan Higgins, and this is late confirmation from CoinDesk, bringing you the top |
| 0:12.5 | stories from Friday, November 16th. Also on today's shows, crypto exchanges worldwide are |
| 0:18.6 | beginning to distribute tokens after yesterday's Bitcoin Cash Hard For, |
| 0:22.9 | and an official for the European Central Bank declared that Bitcoin is the, quote, evil spawn of the financial crisis. |
| 0:30.4 | We'll love more on these stories and others on today's show. |
| 0:43.3 | European Central Bank Executive Board Member Benoit Courier said this week that blockchain is promising, but that Bitcoin is the, quote, evil spawn of the financial crisis. |
| 0:49.3 | Corey's comments came in a speech on the 10-year anniversary of the Lehman debacle given at the Economics |
| 0:55.1 | of Payments 9 conference on Thursday. |
| 0:57.9 | He noted, quote, in more ways than one, Bitcoin is the evil spawn of the financial crisis, |
| 1:03.8 | adding that the Bitcoin Genesis Block included a headline of the UK Chancellor bailing |
| 1:08.4 | out the banks. |
| 1:09.8 | But then he noted that after the fact, |
| 1:11.2 | Bitcoin was a, quote, extremely clever idea. |
| 1:14.9 | He went on to paraphrase the Mexican economist Augustine Carstens, |
| 1:18.6 | who called Bitcoin, quote, |
| 1:20.2 | a combination of a bubble, a Ponzi scheme, |
| 1:23.2 | and an environmental disaster. |
| 1:25.3 | Coré is also the chair of the Committee on Payments and Market Infrastructures at the Bank |
| 1:30.1 | for International Settlements. |
| 1:33.2 | Next up, two cryptocurrency startups have agreed to register their initial coin offerings |
| 1:38.1 | as securities offerings after settling charges with the U.S. Securities and Exchange Commission. |
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