“The Banksy of money”: Is CRYPTOCURRENCY out of control?

<p><strong>Cryptocurrencies like Bitcoin</strong> were supposed to overturn the tyranny of the banks and give consumers new power over their money. This financial Wild West is still plagued with fraud, scams, pyramid schemes and doomed start-ups. But as entrepreneur, investor and follower of the crypto/blockchain market <a href="https://twitter.com/phillipnunnuk" rel="noopener noreferrer" target="_blank"><strong>PHILLIP NUNN</strong></a> explains, the “Internet of Money” is coming whether governments like it or not. Can it become a force for good in the economic revival?</p><p><br></p><ul><li>“When people say if Pablo Escobar were around now he’d be using Bitcoin, that’s just not true.”</li><li>“At first crypto was kids in their bedrooms just trying stuff. Now it’s got <strong>billions and billions</strong> of market cap.”</li><li>“To hack one chain of Bitcoin you’d need <strong>30 times the power</strong> of Google’s servers.”</li></ul><p><br></p><p><em>Presented and produced by Andrew Harrison. Assistant producer Jacob Archbold. Music by Kenny Dickinson. Audio production by Alex Rees. </em><strong><em>THE BUNKER is a Podmasters Production</em></strong></p> &#10;&nbsp;<br /><hr><p style='color: grey; font - size: 0.75em; '>See <a style='color: grey; ' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for privacy and opt-out information.</p>