Financials: How Money Got Free - An Interview with Brian Patrick Eha
Industry Focus
The Motley Fool
4.6 • 854 Ratings
🗓️ 15 May 2017
⏱️ 28 minutes
🧾️ Download transcript
Summary
Bitcoin might be the future. If you really want to understand it, you need to look at its past. Brian Patrick Eha's _How Money Got Free: Bitcoin and the Fight for the Future of Finance_ gives you the background you need to think about Bitcoin today.
Intro: Bitcoin. It's interesting, it's powerful, and it's confusing to most people. Luckily, Brian Patrick Eha has written a beautiful history and analysis of bitcoin. Join the Motley Fool's Gaby Lapera as she interviews Mr. Eha about his new book, _How Money Got Free: Bitcoin and the Fight for the Future of Finance_.
Transcript
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| 0:00.0 | Hello everyone. Welcome to Industry Focus, the podcast that dives into a different sector of the stock market every day. |
| 0:07.5 | You're listening to the Financial's Edition tape today on Monday, May 15th, 2017. |
| 0:12.0 | My name is Gabby Lapera, and joining me on the phone is Brian Patrick |
| 0:16.2 | EHA, a journalist whose work has been published by Fortune, The New Yorker, and CNN Money, |
| 0:20.6 | and a variety of other publications. Hey Brian, how's it going? |
| 0:24.0 | Hey, it's going well. How are you? |
| 0:26.0 | I am doing pretty good. |
| 0:28.0 | I'm excited to have you on the show. |
| 0:30.0 | Brian is here to talk about his book, How got free, Bitcoin and the Fight for the Future |
| 0:33.6 | of Finance. |
| 0:34.6 | And listeners, this is super exciting for me. |
| 0:36.8 | I knew very, very little about Bitcoin before reading this book. |
| 0:40.6 | This book got me sufficiently up to speed that I could talk about |
| 0:43.2 | Bitcoin on a different show and actually sound mostly coherent. I didn't even |
| 0:46.6 | get any email saying like hey you have no idea what you're talking about so I |
| 0:50.0 | know I must have been right. But yeah, so let's kind of start with some of the basics for people who've never heard of |
| 0:58.3 | Bitcoin, which I don't think that there's that many people left, but it's still a pretty confusing |
| 1:02.1 | topic. So what is Bitcoin? What is |
| 1:05.1 | Bitcoin? What's blockchain technology? Why are those two things always going |
| 1:09.1 | together? Sure. So in the simplest terms, Bitcoin is a form of commodity money. |
| 1:15.0 | When it was released in January 2009, originally its promise was to be a truly |
| 1:21.0 | universal currency, a form of electronic cash that could be sent around the globe in minutes and that would work as well in New York as it does in New Delhi. |
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