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- 873936
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- 2013-4-1
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- 1970-1-1
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2’59’’
How bitcoin came into being: in the depths of Financial crisis in 2008, since then ppl no longer trust financial services industry
Traits of Bitcoin:eletronic, peer to peer, unregulated, uncontrolled --> to make ppl fear or be the last part of financial industry
2’30’’
How bitcoin flow: like IP address of Internet in a orderly & predicable way
Widely used & new uses being created daily
1’50’’
Although Traditional financial services are not trusted bcz (list 3 reasons), Bitcoin also has its own drawbacks: it could be used as drug dealing, porn or financial terrorism. But As they also happen with traditional currencies, those can not be the reason to forbid bitcoin. And it is not possible to shut it down.
U.S. Government is anti-bitcoin, but other countries are in favor of it because it helps create a economic world that does not depend on U.S. Dollar as reserve currency.
2’38’’
The outlook of bitcoin: Gold 2.0 --> Reserve currency
Attitude of the author: Bitcoin is already superior to Gold. He advises ppl to allocate 1% of their assets to bitcoin in case of XXX & hopes that bitcoin will change the current financial industry in hand of centralized authorities.
2’51’’
Skepticism abt. Investment on bitcoin
[ob]
6’07’’
Main idea: Inside trading is bad, but could not account for the Financial crisis in 2008 & the banking system collapse which lead to massive unemployment in U.S.
Structure:
Sentence of Raj: but the vast majority of his money made for his clients & himself is perfectly legal.
Twist: then why prosecutors, spending millions of dollars, want to charge him?
--> a white-collar crime could satisfy the public’s demand for Wall Street Scalps. |
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