SPECIAL: inside the cryptocurrency craze

The Times Tech Podcast

Will Morley

Business, Unknown, Technology

4.9 • 654 Ratings

🗓️ 21 October 2017

⏱️ 35 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

The Sunday Times' tech correspondent Danny Fortson talks to cryptocurrency entrepreneurs and investors about the boom in initial coin offerings, or ICO’s, (1:45), why the underlying technology may be “bigger than the Internet” (2:45), living in an age of distrust (5:30), soaring digital currency values (6:30), how a former rapper is trying to get in on the craze (7:15), why most currencies are like Disney Dollars (9:50), the lack of regulation (12:25), the company trying to become the Goldmans Sachs of crypto (15:00), the industry’s links to gaming (17:40), the importance of blockchain (21:15), monetising human knowledge (23:00), limits to cryptographic security (27:40), North Korea’s hacking (29:45), blockchain’s electricity problem (31:25) and the future of everything (32:30).

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Transcript

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0:00.0	The people of Britain love their fancy blenders.
0:03.2	They've bought loads of them.
0:05.5	And luckily, if they bought them with Barclay Card, they earned rewards.
0:09.4	In fact, they'll earn rewards on all their eligible purchases.
0:13.1	It's a more convenient way to consume your fruit and veg.
0:16.6	What you buy is your business.
0:18.9	Giving you rewards on purchases is ours.
0:21.7	Barclay card.
0:22.7	Make money work for you.
0:24.3	28.9% APR representative variables subject to application, financial circumstances and borrowing
0:28.8	history, T's and C's Apply.
0:32.4	Yo.
0:34.3	Technology.
0:35.3	What is it all about?
0:42.3	As a high schooler, growing up in the 1990s, I listened to a lot of hip-hop. One of the legends that emerged in those days was the Wutang Clan, out of New York.
0:47.3	I loved Wutang Clan.
0:49.3	Perhaps her best known song was Cream, which was an acronym that stood for Cash Rules Everything
0:55.0	Around Me.
0:57.0	Cash rules everything around me.
0:59.0	Remember those words.
1:00.0	They'll be important later on.
1:02.0	Now lots changed since 1993 when that song came out.
	...

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