4.5 • 4.4K Ratings
🗓️ 31 October 2024
⏱️ 11 minutes
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0:37.0 | I'm going to be Oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, If you're hearing this well done you found a way to connect to the internet. Welcome to the QAA Podcast premium episode 265, the hunt for the richest anon. |
0:44.0 | As always, we are your host Jake Rakatanski, |
0:46.0 | Live Acar, and Travis View. |
0:49.0 | Cryptocurrency, the preferred payment method of St. Petersburg ransomware developers who are |
0:54.9 | holding your grandma's family photos hostage. |
0:57.4 | crypto's most devoted advocates have a near religious belief that it or |
1:01.9 | Bitcoin specifically is at least as revolutionary a technology |
1:05.8 | as the internet itself and solves issues related to government-issued money and will |
1:10.4 | inevitably lead to a nerd-ruled anarcho-libertarian utopia on Mars, or something like that. |
1:17.0 | To skeptics, Bitcoin's stratospheric increase in value since the creation 15 years ago doesn't negate fatal flaws that make it |
1:25.1 | impractical as currency. These include its wild volatility, lack of tangible backing, negative |
1:31.2 | environmental impact, regulatory uncertainty, and technological barriers that make |
1:35.8 | it too slow for small everyday transactions. |
1:39.3 | God willing, I will be dead before we find out who's right. But until I die, I and the rest of the world are going to have to reckon with a digital asset that has a roughly |
1:48.0 | 1.3 trillion dollar market cap, is owned by tens of millions of people and since 2021 is an official legal tender in the identity of Bitcoin's inventor and largest holder, the anonymous |
2:05.4 | Satoshi Nakamoto. While there have been plenty of online flame wars and investigations |
2:11.1 | related to uncovering who authored the Bitcoin White Paper, there is no consensus on the answer. |
2:16.4 | But an intriguing possibility is offered in the new HBO documentary Money Electric, the Bitcoin Mystery. |
2:23.0 | Init, filmmaker Colin Hoback, who also directed HBO's Q into the Storm, |
2:27.4 | travels the globe to interview the central figures in Bitcoin's development and makes an original and controversial case for who is responsible |
2:34.9 | for the blockchain-based money. |
2:37.0 | spoiler, the film points to the Canadian Bitcoin core developer Peter Todd. |
... |
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