I am really excited to bring this conversation to you since in just the last month the cryptocurrency space has experienced two hacks: one to the Ethereum network and one to a crypto currency exchange Bitfinex.
I think it’s a good time to revisit Bitcoin. The last time I wrote to you about it was here and things haven’t turned out too badly if you’d been paying attention, despite the recent problems with an exchange being hacked.
The conversation I have for you is with Tuur Demeester. Tuur is an investor, analyst, and Editor in Chief at Adamant research, and is focused heavily on Bitcoin and blockchain technology.
He was one of the first and most vocal proponents of Bitcoin back when it was still in single digits and has been following crypto currencies since their infancy.
I apologise for some glitches in the recording as the connection wasn’t the hottest. Tuur is in Mexico so I blame some sombrero-wearing, tequila-drinking “honcho poncho” for the dodgy Mexican internet connection.
Tuur and I discussed:
- What does the recent hack of Bitfinex mean for cryptocurrencies and the company
- Which cryptocurrency exchanges you should avoid
- The safest ways to store your Bitcoin
- Possible scenarios whereby central banks would use a crypto currency
- How the Bitcoin blockchain, while simple, is likely to remain as the protocol of choice
- What qualities Bitcoin does and does not have
- Why learning and understanding Bitcoin can open your eyes to the way fiat currency works
- And some of the potential catalysts for Bitcoin going forward
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What are your thoughts on Bitcoin and cryptocurrencies in general? Are you a “cryptosceptic” or a “cryptobeliever”? Let me know by sharing your thoughts below.
“Bitcoin is a remarkable cryptographic achievement and the ability to create something that is not duplicable in the digital world has enormous value” — Eric Schmidt, CEO of Google