Understanding Bitcoin with Trace Mayer

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Bitcoin, The ULTIMATE Interview – Trace Mayer talks with VisionVictory

 

In this interview we sat down with Trace Mayer of Run To Gold & How To Vanish and discussing the very interesting topic of the acceleratingly popular alternative currency known as Bitcoin.

QUOTES

5:27: Regarding the Bitcoin code, “It’s open source; so far there hasn’t been anyone that’s able to compromise the code”
6:13: “It allows for capital to be accumulated and be saved and stored in a much better way I think than necessarily gold or silver”
6:51: “Currently the bitcoin network is secured by processing power. Approximately 250 petaFLOPS. The department of Energy just built a supercomputer for $1.2 Billion that has 15 petaFLOPs”

 

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