The need to transfer money from one location to another generates many costs As you know
He could tell if he believed in Bitcoin because many people It has been said that bitcoin is the answer to these problems Do you believe in bitcoin? Well bitcoin is quite interesting because it shows how cheap it can be Bitcoin is better than currency in case the person moving and receiving is not in the same place As in the case of dealing with large transactions, the currency is quite inconvenient The users we are talking to have no anonymity They will be ready to disclose information
Bitcoin technology is therefore key You can grow Based on that to create a similar technology that it has enough Features that people can feel comfortable using It will ensure that this technology has nothing to do with terrorism or money laundering What does Warren Buffet dislike? That would be Bitcoin Because it looks like a tulip bubble with him
It is not money I mean no need to argue, I would not be surprised if it disappeared in the next 10 to 20 years Why does it not meet a definition of currency? Because people say I would charge the price of bitcoin, but they change their prices every time bitcoin prices up and down in dollars They could say that I would change bitcoin for oil barrels but if Oil prices fluctuate, they will also change the amount of oil you pay Oil is not a currency either In technology, it's a good system (This interview with Julian Assange) It provides proof of publication at a specified time And it creates an intellectual property protection mechanism for the whole system And it can be applied to many other areas That is The widespread application that we can see in Bitcoin
All inference from this basic premise You can prove specific points, for a specific consensus, The specific contract takes place at a specific time around the globe and it asks (He talks too complicated) Confirming the authority of each person running the software Bitcoin I understand that He is talking about Bitcoin technology Application far exceeds the economic role of Bitcoin today And that technology can promote information in life in digital space It helped the information escape the censorship he had said as in Russia and elsewhere Exactly so For example, the technology behind that can be applied to publishers For example, in WikiLeaks we used Bitcoin
We have encrypted the information which we publish because we can prove we have published information at a certain time by applying Bitcoin and blockchain And if someone tries to access and edit the information that we have published or steal specific parts, they will be detected Do you think Bitcoin will hurt somehow? We are at a time when a currency may appear that the user will use and die banking system? (Ca Mau) I think Bitcoin is good too Its main purpose is to make things look good But it seems to be used primarily for illegal transactions But it's not entirely bad because Some things should or should not be illegal (stuttering) Is the combination of Silk Road and Bitcoin an example? Well, it (bitcoin) helps both legal and illegal transactions On the other hand, there is no way to determine whether a transaction is legal Because there is only a small line between legal and illegal I do not own any Bitcoin So people can book a tour Fly to the moon with Virgin Galatic by Bitcoin
I think the Winklevoss brothers They also said that they would do exactly the same Is this a currency? A real currency works? I think it works There are other currencies that may be better But the fact is there is a huge industry around Bitcoin You know that many people have Get rich from Bitcoin and also many people lose money with bitcoin "Fluctuations?"
Right It is very volatile but you know that in volatility people can make money What is the importance of him? Approve the bitcoin payment by telling them: yes You can pay for Bitcoin flights Because I do not have a fool I mean If people have lots of Bitcoins and they want to fly into space then I like They pay me that amount
It is another thing for me to keep or sell this bitcoin The problem is that they pay for Virgin Galatic flights You know that Elon Musk will also be sent to space one day by Elon's ship So we will take money immediately if it's on the table
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