Paul Vigna
speaker
1,291 appearances
13 recordings
1 series
first heard Jul 2017
last heard Apr 2022
Paul Vigna’s voice in public audio — every appearance, attributed to the second.
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Appearances
Is a lack of transparency the biggest problem with cryptocurrencies, or is it fraud?
Well, the two go hand in hand.
The reason there's so much fraud is because there's no transparency.
A lot of these exchanges operate overseas.
They operate offshore.
You don't know who's running them.
You don't know what kinds of security measures they have in place, if they have any security measures in place.
You don't know what they're doing to vet their customers, if they're doing anything to vet their customers.
You can basically...
I mean, think about it.
I'm using air quotes.
You can't see it, but I'm using them.
An exchange.
When we think of an exchange, we think of something like the New York Stock Exchange, right?
Which is a large company, which has a lot of, they would say, redundancies, a lot of backup systems, a lot of ways to know who is doing what at what time.
That doesn't exist in the cryptocurrency world.
You can put a lot of money into an exchange.
You can put almost no money into an exchange.
You can basically buy off-the-shelf software for...
Fire it up and call yourself an exchange and attract money from people.
Showing 821–840 of 1,291 · page 42 of 65
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