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Why Is This Happening? The Chris Hayes Podcast

Is Bitcoin for Real? with Joe Weisenthal

Why Is This Happening? The Chris Hayes Podcast

MS NOW, Chris Hayes

Msnbc, The Chris Hayes Podcast, Government, Politics, Chris Hayes, Why Is This Happening?, Withpod, Versant, Ms Now, News, Society & Culture, Versant Media

4.69.1K Ratings

🗓️ 27 April 2021

⏱️ 54 minutes

🧾️ Download transcript

Summary

How does bitcoin work? Where did it come from, why does it exist, and will it ever be used for everyday purchases? Far from some passing fad, bitcoin has been around for more than a decade now and shows no signs of going anywhere. We figured it was long overdue to understand the most well-known cryptocurrency and the problem it is trying to solve. Lucky for us, Bloomberg editor Joe Weisenthal came prepared.

Transcript

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0:00.0

I think that Bitcoiners, I say like they protest a little bit too much like,

0:03.7

oh, there's no crime using Bitcoin.

0:06.0

It's not even a good currency for crime.

0:08.5

But honestly, like if it's not a good currency for crime,

0:11.7

it's not actually a good currency for anything.

0:14.0

Because like if you can't actually use it for the transactions you don't

0:18.2

on anyone to know about or the transactions you don't on any third party to like

0:22.3

put a halt to it.

0:23.2

If it's not good for that, I actually don't think it's like it's good for very much.

0:31.0

Hello and welcome to Why is this happening with me, your host, Chris Hayes.

0:37.9

You know, when I was a college undergraduate, I was studying philosophy and I

0:41.9

studied specifically, I think I mentioned this in the program before,

0:45.4

the philosophy of math, which was a lot of like advanced deductive logic and

0:49.2

proof. So I remember this graduate seminar I took in advanced ductive logic,

0:53.0

where we worked through girls in completeness theorem, which would take a

0:57.4

whole podcast really to explain.

0:59.8

And you know, when I would be working in those areas, the reason I did it was

1:03.1

because I found it incredibly intellectually challenging and it felt like I

1:06.1

was doing something that was kind of outpast my actual cognitive abilities,

1:09.5

which I found both really frustrating, but oddly satisfying.

1:13.5

And sometimes I would achieve this level of understanding of something where

1:18.0

it was like a kind of mechanical and ersatz understanding such that if

...

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