The Times Tech Podcast

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 <a href="https://acast.com/privacy" rel="noopener noreferrer" style="color:grey;" target="_blank">acast.com/privacy</a> for more information.

As The Sunday Times’ West Coast Correspondent, Danny Fortson has witnessed the technological whirlwind coming from Silicon Valley first hand. The Times' Technology Business Editor Katie Prescott has reported on how digital technology is transforming businesses and society around the world. Now, 'Danny in the Valley' meets 'Katie in the City', with a podcast presented from San Francisco and London. Each week sees a fresh interview with pioneers in tech, from the brightest start-ups to the tech giants, as Katie and Danny chronicle the AI revolution. Hosted on Acast. See <a href="https://acast.com/privacy" rel="noopener noreferrer" style="color:grey;" target="_blank">acast.com/privacy</a> for more information.