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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You are basically buying it because of what people think about it.

So it is completely sentiment driven.

That becomes a momentum driven market.

It is similar to the money that we all grew up with and that we're used to in that you can use it as a medium of exchange.

You can use it to buy and sell things.

You can use it for trading.

You can use it as a place to sort of park your wealth as a so-called store of value.

There are two main differences.

The first main difference is that this is not government-backed money.

That's very simply what it is.

What we are used to is money that is backed by the government.

It's printed by the government.

It is supported by the government.

It is maintained by the government.

This is it's beyond private money.

It's basically a software project is what this really is.

And that's kind of the second difference is that Bitcoin is not physical money.

Bitcoin basically exists on a network that is a piece of software that runs on a connected network of computers.

That's what it is, the Bitcoin network, the Bitcoin protocol.

So you have this computerized network that runs 24-7 that is used for maintaining and transacting in this digital money called Bitcoin.

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