Follow The Money Radio

PODCAST: The Bitcoin Revolution Turns 10 Years Old

October 31, 2018

October 31, 2018 The Bitcoin Revolution Turns 10 Years Old

It was 10 years ago today, on October 31, that marked the publication of a white paper describing a new "Peer-to-Peer Electronic Cash System” based on blockchain technology known as Bitcoin. On today's broadcast, economist Jerry Robinson discusses both the past and the future of blockchain technology. Special guest interview: Paul Snow (CEO of Factom)

Show Notes

Segment 1: Happy 10th Birthday, Bitcoin!
Segment begins at 00:57

In the wake of the 2008 economic crisis, the white paper for Bitcoin was introduced as an alternative to currencies controlled by often corrupt financial institutions. Listen as economist and best-selling author Jerry Robinson reminisces on the young life of bitcoin – and ponders the potential for a meteoric price rise when the “smart money” moves in.

  • Today, there are more than 3000 cryptocurrencies with similar ambitions to bitcoin
  • The next decade will likely hold more opportunities than the last decade
  • Cryptocurrencies are changing the way that money is viewed and the way that money is handled
  • Fidelity’s huge move and how it is likely to impact crypto prices
  • The beauty of bitcoin: There is a finite supply
  • 30% of Millennials are interested in cryptocurrency
  • Will the cost of one bitcoin become too expensive for most people?

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Segment 2: An Interview with Factom CEO Paul Snow
Segment begins at 19:36

In this segment, trading coach/early crypto investor Jerry Robinson visits with Paul Snow, the CEO of Factom. Paul is the architect of the Factom protocol that is making waves around the world with its revolutionary advancements in the application of blockchain technology – beyond cryptocurrency.

  • Cryptocurrency is “a more honest way to define value and to trade value”
  • Factom is designed to attack the needs of enterprise
  • What does a Factom world look like?
  • The blockchain is a distributed ledger that cannot be altered
  • Factom is building a more honest and transparent world
  • Why price depression in the factom token does not affect research and development at Factom
  • China’s growing use of the blockchain to prove absolute existence and provenance of data across jurisdictional boundaries
  • How corporations and individuals can benefit from Factom
  • Factom token trading is separated from the act of writing data to keep the data pure

Recommended Links
Factom – Making the World’s Systems Honest
Fidelity Just Made It Easier for Hedge Funds and Other Pros to Invest in Cryptocurrencies
Factom Protocol Information
Factom University
Texas Bitcoin Conference 2018

Segment 3: The Final Word
Segment begins at 50:10

Jerry closes out today’s show with a word of wisdom from the ancients that defines the grim reality for holders of debt-based currency vs. debt-free currency in a world with more than $100 trillion combined outstanding debt.

Recommended Links
The Holy Bible – Proverb 22:7

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