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Original Post Date: 11-20-13
 
Overview:
Bitcoin is an innovative payment network and a new kind of money.
 
Analysis:
If you're involved in Bitcoin, you may want to reconsider.
 
 

Brackets [ ] indicate where the reversal occurs. Click on the reversal to hear the audio.

 

Business Insider interview:

 

Interviewer: Describe Bitcoin to a person on the street.

Tyler Winklevoss: [tsu, it's got cryptology], peer to peer networking, um heavy level C plus plus programming, and it's a decentralized public ledger.

His lie, profess use.

 

(Jeremy Liew, partner of Lightspeed Venture Partners then attempts to use the analogy of Bitcoin to voice over IP. Lightspeed has made several investments in Bitcoin companies.)

Jeremy Liew: Now with voice over IP we fully expect to be able to take phone calls wherever we are. We fully expect to be able to, um, you know, to you know to voice mail, the transcription of voicemail into text and having that [emailed to me with an attachment].

The fact that I am slimy.

 

Jeremy Liew: And I think that's a very good a[nalogy for what] Bitcoin, and more broadly um math based currencies can allow for money.

Our wolf is lying.

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Bitcoin