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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WSJ Your Money Briefing · What's Behind Bitcoin's Recent Tumble? · 14 Nov 2017 podcast

They were not taking much of an interest in it. voice-verified

Now they have. voice-verified

They put the clamps on their exchanges. voice-verified

They put their clamps on a new fundraising method that's related to Bitcoin called the initial coin offering. voice-verified

Companies are creating Bitcoin-like tokens and offering them up for sale. voice-verified

China cracked down on that. voice-verified

So China, which about a year ago represented north of 90% of all Bitcoin trading volume, now is... voice-verified

virtually, I don't know offhand what it is, but it's no more than fourth or fifth largest now. voice-verified

I mean, China has really put the clamps out. voice-verified

But all that is really done has driven that activity to other countries. voice-verified

Japan and South Korea especially have become huge markets for Bitcoin now. voice-verified

Sure. voice-verified

What's happening now in Bitcoin is that it has grown to the point where you have different people within the industry who have different visions of what Bitcoin should be. voice-verified

And they've been arguing for the past couple of years about that. voice-verified

What has happened is that it has become such a sort of personal fight between these groups that they're at the point where they really just cannot agree on a common vision of Bitcoin anymore. voice-verified

So, you had earlier this year a small, really like a splinter group of Bitcoin dissidents who took the software. voice-verified

Because, like we said, Bitcoin is open source software. voice-verified

Anybody can take that code wirelessly. voice-verified

reconfigure it to their own specifications, their own desires, and launch it as a separate program. voice-verified

So you had a group of Bitcoin dissidents, they did that. voice-verified

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