Meet The Godfather Of Cryptocurrency
Odd Lots
Bloomberg
4.4 • 1.6K Ratings
🗓️ 27 May 2019
⏱️ 39 minutes
🧾️ Download transcript
Summary
Bitcoin has been around for about ten years. But the dream of a decentralized, anonymous digital currency has been around for decades. On this week's podcast, we speak with one of the original godfathers of the space, David Chaum, an American cryptographer, who first wrote about digital cash in the early 80s. Chaum's original vision wasn't exactly the same as what we know as cryptocurrencies today, but many of the ideas were the same, and Chaum's work was cited by many of the early crypto believers. On this week's podcast, we talk to him about the history of his work, cryptocurrency, and where he sees it going now.
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| 0:00.0 | On December 4th and 5th, against the backdrop of the United Nations Climate Change Conference, |
| 0:05.2 | Bloomberg Green will convene the foremost leaders in business, finance, policy, academia, |
| 0:10.3 | and NGOs for candid conversations focused on creating solutions to support |
| 0:14.9 | the goals set forth at COP28. Join our community of global influencers and |
| 0:19.5 | problem solvers in Dubai to build connections, inspire innovation and challenge the status quo in the |
| 0:25.1 | battle against climate change. Register at Bloomberg Live.com slash B Green Radio. Hello and welcome to Tracy Alaway. |
| 0:48.0 | So Tracy Alaway. |
| 0:49.0 | So Tracy, uh, Bitcoin has been searching again lately. |
| 0:53.6 | Yeah, I think as we record this it's currently above 8,000, right? |
| 0:58.8 | Yeah, it's been fluctuating a little bit, but obviously one of the things that happens that every |
| 1:04.4 | time Bitcoin or other cryptocurrencies start to spike interests follows soon thereafter |
| 1:10.0 | it's one of these things where when it's down suddenly people go quiet and stop talking about it and pretend they were never involved and then when it's surging everyone's like oh yeah I've I'm interested in that stuff it a very much a great example of narrative following |
| 1:24.0 | price. Yes indeed I actually joked on Twitter earlier today that now we're going to |
| 1:29.2 | see all the people that scrubbed blockchain from their Twitter bios and LinkedIn profiles, they're all going to start |
| 1:34.6 | adding it back in. |
| 1:36.0 | But I think when it comes to the Bitcoin price, you know, I know a lot of people watch it sort of purely |
| 1:40.8 | out of entertainment value, but we've talked before on the show about the importance of the network effect and the idea that if you're actually going to get people using Bitcoin, you need to generate a buzz, right? |
| 1:52.0 | Absolutely. So obviously the buzz is picking up |
| 1:54.6 | Bitcoin itself has been around for about a decade now basically exactly ten years |
| 2:00.9 | more or less but what I think a lot of people don't know or they've never really thought about is for for so long many years prior to |
| 2:09.7 | Bitcoin decades really people had been trying to work on the problem of |
| 2:15.7 | digital money in somewhere or another whether it's anonymous payments online |
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