Kraken's Jesse Powell: "Currencies have a finite life"

The Sunday Times’ tech correspondent Danny Fortson brings on Jesse Powell, founder of crypto exchange Kraken, to talk about his first startup selling video game virtual goods (3:00), reading about bitcoin (9:40), why he thinks bitcoin will replace gold (12:00), launching Kraken (12:50), getting a banking license (15:00), selling tens of thousands of bitcoin (17:00), how widespread crypto actually is (20:40), the inherent weakness in the market (26:00), the Mt Gox bankruptcy (27:40), the impending failure of fiat currency (31:40), the power of the current system (34:35), raising just $20 million (36:00), and reaching the masses (40:00). Hosted on Acast. See acast.com/privacy for more information.

Om Podcasten

From Silicon Valley to The City, tech journalists Danny Fortson and Katie Prescott bring you the inside track on the new industrial revolution.Co-hosted from San Francisco and London, this weekly podcast delivers the latest news and freshest interviews with the people creating the future.As West Coast Correspondent for The Sunday Times, Danny is on the ground to witness the technological whirlwind that first roared out Silicon Valley. From London, working as The Times' Technology Business Editor, Katie has seen the waves of boom and bust rolling through one of the world's financial capitals. Together they explore this strange new world of high finance and tech giants, explaining how we got here and what is just around the corner. Hosted on Acast. See acast.com/privacy for more information.