Timothy Draper – A Bird’s Eye View of Bitcoin

Finding Genius Podcast

Richard Jacobs

Medicine, Health & Fitness

4.4 • 1K Ratings

🗓️ 6 June 2017

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

Let’s start with the most salacious bit of news. Legend has it that Timothy Draper once won 33,000 Bitcoins in one fell swoop. This, from the auction of the Silk Road proceeds. Draper looked at that, and realized that Bitcoin had an extraordinary future; that Bitcoin could be an easy-to-use, trusted third party untied to any necessarily self-interested national government.
“And I knew that… I’d been investing in Bitcoin companies for a number of years before that auction came up,” says Draper. He continues, saying: “It’s a really positive thing for the world.” Despite its underground status, for Draper, the joke is that nowadays, it’s much easier to catch illegal activity in Bitcoins that in any other currency. For Draper, the BlockChain is that clear… that honest.
“There’s a thrill in owning Bitcoin,” rejoins host Richard Jacobs.
Tune in for the rest of Timothy Draper’s wide-angle, bird’s-eye view on the present and future of Bitcoin. As always, be sure to subscribe and review, and if you can, donate a Bitcoin or two. Every little bit helps.

Transcript

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0:00.0	Welcome to Almost Here, Around the Corner of Future Technology Podcasts with Richard Jacobs.
0:08.0	Future Technologies Boys to Transform Our Lives, for better or worse, are the focus of this podcast.
0:13.6	Almost here, means these technologies are now here and
0:16.7	starting to be used.
0:18.2	We're just around the corner.
0:19.7	From Bitcoin to artificial intelligence,
0:22.0	3D printing, blockchain, virtual reality, and more.
0:25.6	Hi, this is Richard Jacobs with Future Tech Podcast, and I'm talking to Timothy Draper,
0:30.8	venture capitalist, big-time investor in Bitcoin. I guess legend has it. Tim
0:36.8	won an auction to get 30,000 Bitcoin's several years ago from the Silk Road proceeds.
0:44.0	So I'm really glad to be talking to him today.
0:46.0	Tim, how are you doing?
0:48.0	Doing great. How are you doing today?
0:50.0	Good.
0:52.0	Good. Thanks for taking the time.
0:54.0	So I guess, yeah, let's start with the most salacious thing is you did acquire 30,000 bitcoins at one point from an auction of the Soap Road proceeds, is that right?
1:07.0	Yeah, I don't know exactly the number, but we we I looked at that and I thought you know
1:15.7	Bitcoin has extraordinary an extraordinary future because it it has the ability to be the trusted third party it has the
1:28.7	ability to make it so that it's not tied to any one country or another it can it can travel across
1:37.6	border very easily it can store value really easily and I knew that I've been investing in
1:45.4	Bitcoin companies for a number of years before that auction came up but the
1:50.4	auction itself needed to go to a public persona that was that was going to sort of say, hey, this is a, it's a really positive thing for the world,
	...

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