Why A Wall Street Journal Currency Reporter Didn't Understand Money Until He Learned About Bitcoin

Unchained

Laura Shin

Tech News, News, Business News

4.6 • 1.3K Ratings

🗓️ 20 September 2016

⏱️ 57 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Michael Casey, senior advisor at MIT's Media Lab and author of the Age of Cryptocurrency, spent 18 years at the Wall Street Journal -- a good portion of that covering currency markets. But he says it wasn't until he learned about Bitcoin that he really understood what money was. In this episode of Unchained, he explains why, plus discusses why he thinks China will play a key role in moving the world to a cryptocurrency- or blockchain-based trade settlement system, what that could mean for the U.S. dollar as a reserve currency and what he thinks is the most cutting-edge work being done in blockchain. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This episode is brought to you by Pepsi Max. Christmas is great, but there's loads of ways to make it better.
0:08.0	Like sneaking some chili into the gravy for some extra ink,
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0:23.0	Better with Pepsi Max.
0:25.0	This episode is brought to you by Krakan.
0:30.0	crypto is like the financial system but different.
0:33.6	He doesn't care where you come from, what you look like, your credit score,
0:37.6	or your outrageous food delivery habits.
0:40.2	Cripto is finance for everyone, everywhere, all the time.
0:45.0	Visit Cracken.com slash see what crypto can be.
0:48.8	To learn more.
0:49.8	Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.
0:57.0	Welcome to Forbes Podcasts. Hi everyone.
1:05.0	Welcome to Unchained, a Forbes podcast produced by fractal recording.
1:12.0	I'm your host Laura Shin, a Forbes contributor
1:15.3	covering blockchain, cryptocurencies, and FinTech. Thanks for tuning in.
1:19.7	For today's episode I'm speaking with Michael Casey, a senior advisor of the Digital Currency Initiative at MIT Media Lab, a position he began in July 2015, after spending 18 years at the Wall Street Journal, where he covered global, financial, and economic affairs.
1:37.0	He's also written three books, including The Age of Cryptocurrency, which he co-authored with Wall Street Journal colleague Paul Vigna.
1:45.0	Hi Michael, welcome to the show.
1:47.0	Hi Laura, thanks for having me.
1:49.0	Your focus at MIT is to incubate projects that use blockchain technology in social impact
	...

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