Encore: Crypto Wars | The Great Slow Motion Swindle | 3

Business Wars

Wondery

History, Business, David Brown, Management

4.6 • 13.2K Ratings

🗓️ 17 May 2023

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

It’s 2013 and bitcoin’s gaining traction at last. But just as crypto reaches for credibility, bitcoin is blindsided by high-profile arrests, corporate collapses and multi-million-dollar hacks. But as the leading lights of the bitcoin industry crash and burn, Coinbase senses a chance to cash in on the failures of others.

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Transcript

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0:00.0	Hey, prime members, you can listen to business wars, add free on Amazon music.
0:04.6	Download the app today.
0:06.8	This series originally aired in 2021.
0:10.0	2013, a penthouse in Panama City.
0:23.2	Inside there's a party going on, but on the balcony, bit instance CEO Charlie Schramm stands
0:29.3	alone looking out over the city's impressive skyline.
0:33.3	Tall skyscrapers lit up in gaudy neon, stretch into the dark skies, cars zip along the
0:39.3	highways below, and huge ships float down the famous canal.
0:45.6	Roger Veer, the bit instant investor in cryptocurrency champion known as the Bitcoin
0:50.4	Jesus, slips away from the party to join Schramm outside.
0:55.4	Amazing, isn't it?
0:57.0	Panama, the real land of the free.
1:00.0	None of that anti-money laundering compliance crap.
1:03.6	You can make a decision without worrying about getting locked up.
1:06.7	Veer spots the glum look on Schramm's face.
1:11.0	Something wrong, Charlie?
1:12.8	I just checked my emails.
1:14.6	The winkle boss twins are on my case again.
1:17.7	They want bit instance new site launched within 30 days, and if it doesn't happen, they're
1:22.2	gonna pull their funding.
1:24.5	Now that money bit instance gonna go under.
1:28.7	Typical winkle boss tantrum.
	...

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