17 Burst results for "Charlie Schramm"
"charlie schramm" Discussed on Planet Money
"A dream for a young entrepreneur by the time he was twenty two years old the company he had started in his parent's basement in Brooklyn hit the big time be hired dozens of new employees his company got a real office in Manhattan Cool High Tech Name Bit instant somebody even wrote a jingle to use in their ads do you remember the bit instant theme song it's Yes of course I can sing it word for word I would we would you yeah it's it's your money why wait bid instance got lois rates it's your money why wait get bitcoin the fastest way and then he's like so hopped online to place my order quick all those all those words as you might have guessed from the lyrics bit instance mission was to help people buy bitcoin this is back in two thousand twelve digital currencies like bitcoin were just starting to get hot it used to be to buy bitcoin you would have to arrange with somebody somewhere who knew somebody who was willing to sell us Assam or you'd have to wire money to a big exchange in Japan and wonder if you'd actually get the bitcoin bid instant made it as easy as getting a money order you could walk into it Walmart or pharmacy like Dwayne Reed give them cash and walk out with bitcoins and your digital wallet they even did BITCOIN transactions online Charlie says there was a lot of demand for his service we were processing over a million dollars a day one of the things that people liked about digital currencies like bitcoin was that unlike bank transfers or personal checks bitcoin that you buy things anonymously which was really attractive to a certain kind of person drug dealers also drug buyers took buyers to there was a website called Silk Road where people could buy and sell marijuana cocaine ketamine horseshoes equalizer share. We don't want any one time Hitman okay one hitman all those people using Silk Road they drove up the demand for bitcoin which Charlie says make sense when you think about it it's always going to be the people that need to use something the most are the first ones to use it one of the people who needed to use bitcoin was a man who went by the screening. mm-hmm BTC King Bitcoin King on Silk Road Btc king serve is a money changer for all the drug buyers and sellers who wanted to trade dollars for bitcoin and btc king he got his coins from Charlie Schramm's company bit instant it seems to me that you knew roughly what this guy was up to and and and yet you're sort of like let's go ahead and do this and just sort of curious like what you're thinking was in terms of like back in that moment I wasn't thinking that was the whole point and for a couple of years not thinking worked just fine for Charlie in fact it was really really profitable twenty two year old Charlie Schramm was a millionaire is there a moment that you remember when you kind of like oh no now I've gone way too far down this road yeah I do now is the moment they were placing the handcuffs on my hands.
"charlie schramm" Discussed on KGO 810
"Coast to coast. George Noory with you in Benham. Ms Rick is back with us. Ben has created his own genre of non fiction chronicling, the amazing stories of young geniuses making tons of money on the edge of impossibility ethics morality, as well writing career spanning twenty plus years, Ben has authored several books, including the very successful, bringing down the house. The inside story of six MIT, students who took Vegas for millions. That was turned into a movie, by the way and the accidental billionaires the founding Facebook in so many more tonight. Bitcoin billionaires Ben welcome back looking for to always chatting with you. Thank you so much. I'm happy to be here. That was the movie twenty one wasn't it that, that book was basically twenty one about the kids beating Vegas. And yeah, I think it was two thousand and seven or nine true story. Wasn't it to story about a group of college kids figure out a way to be Vegas and they won six million dollars playing? That's crazy story yet, but they got tossed to the I mean, even though what they do in wasn't a legal casinos, don't like you to do it. And so they were chased out of town and ended up some of them getting beaten up, things like that. But yet they, they eventually had to stop bitcoin billionaires. Tell me about that, bitcoin billionaires. It's the true story of the winkle Voss twins. We remember them from the social network, and they are now were billions and billions of dollars in bitcoin. And so it kind of follows the rise of bitcoin tells the story of the origins of bitcoin through these two identical twins who are now to incredibly wealthy people and sort of still caught in his battle with Mark Zuckerberg who they say, still Facebook from them. So it's kind of wild drama, kind of sequel to the social network. They got sixty five million in some kind of settlement with. Sixty five million in stock. So it ended up being worth five hundred million dollars after the IPO. The book starts. But what's crazy is. You know, they couldn't do anything with that money. They tried to go out come valley and become VC's and invest in companies. And no one would take their money because everyone's endgame in Philippine values to sell your company to Mark Zuckerberg, and since Mark Zuckerberg those guys so much, they couldn't become investors. So instead, they fell into bitcoin the movie social networking did not really shine the winkle wash twins as very favorable. Right. So I wrote that book, you know, to me, and to a lot of people to link of twins were these big, you know, alpha male jock. They represented the establishment. They were the bad guys in the story. And so the movie itself and afterwards, they were kind of ridiculed they were made fun of, and they were seen kind of this one note caricatures, but the reality is something much different. And so part of the reason I wrote, bitcoin billionaires to rea- dress. Who the wink of twins are, and yeah, I learned a lot more about them and realized I had really gotten them wrong. Were they the ones in the movie who went to the Harvard board, the president of Harvard University, and complained that great scene where they're talking to Larry Summers and Larry Summers, basically throw them out of the office? He says, you know, two guys who walk in suits who wear suits, two classes are always going to be wrong. Yeah. So there's that famous scene where they, they went to Larry Summers, and they basically asked him to kick Mark Zuckerberg out of school because markets stolen their idea. And, and instead, they were just sort of laughed at the room, do they get along with soccer Berg at all anymore? There's this, you know, they dislike of organs dislikes them. There's this kind of what drives them pretty much every day is their hatred of Mark Zuckerberg? They believe that he's, you know, evil that he stole from them, and they'll never let that go. Their initial idea was called connect you. Right. Right. They had. A website called connect you which was a kind of a dating website. It was a social website. Was it four Harvard? It was for Harvard students. You had to have a Harvard dot EDU Email to go on it, and they were looking for someone to help them right the programming. And that's when they hired Mark Zuckerberg who is a year below them in college, the Mark ended up working for them during college. The Mark really didn't have an interest in them or their ideas. He liked hanging out with the cool kids on campus. So he was hanging out with them pretended to help them. But instead, actually launched Facebook without telling them they claim that some of their ideas from high reconnection dot com, including the fact that you had to have a Harvard dot EDU Email, when Facebook first launched you had to have a Harvard Email to join it? And so it was very exclusive. And then it moves from college to college, and you had to have a college Email you needed high school Email. And so the twins came up with that idea. And the other idea, the twins came up with these circles of friends. So I you had your family. Group than your friends group, and your colleagues, and it was these social circles that initially fed into Facebook, and that's how it worked in the beginning. So those were two idea that did come from them, but Mark kind of the worst things that Mark did with. He led them on. He pretended to work for them and all these instant messages came out later, and they're all in my book, because billionaires were basically he was doing this on purpose is he would leading them on. And then launched Facebook without telling them to try and catch them unaware. And then Facebook kind of exploded. Even think Facebook would be as big as it is today. Well, I mean, I can't imagine anybody thought it would be, you know, the monster it is today, followed my space, right? Space and friendster, if you remember that they were both around. But neither one of them, you know, had anywhere near the reach. Right. But when he launched eighth book, definitely wanted to dominate the world. I mean if you read his instant messages, he does talk about dominating. It wasn't really about making money. It was really about creating this kind of social online world guys like Mark Zuckerberg did well because he wasn't a social guy. He wasn't good at talking to girls. He wasn't. He wasn't a socialite and I do think he thought it would catch on. But nobody could have imagined it would be as big as it is today. No, I bet they didn't. And once it popped at popped in a big way Berg must have felt that he owed the twin something because he did give him sixty five million in stock as you say, well, I mean, he thought invited fought and the settlement went on for years. I mean, the mediation, so this suit happened, and they kept going back and forth forever. So I don't know that would've willingly given them anything his partners. One of these other guys out. Mark. You know, they're not the only people that sued Mark Zuckerberg, and the movie never goes, which was another person who is Mark's friend who helped found Facebook who Mark had said, would get thirty percent of the company, then had to go and sue for whatever it is. He got. So, you know, Mark has a tendency of sort of just moving on forgetting the guys who were there with him before. So once the twins got out, they eventually dabbled with other things. And then how did they end up with bitcoin? Well, you know, they were in Silicon Valley, nobody wanted their money and they were despondent about it. So they actually went to Beata say they were on the beach and be the party, and somebody walked up to them and said, have you guys heard about this thing called bitcoin, and this was two thousand twelve eleven because it started, and it was, it was moving, but it wasn't anything like you know what we've all heard of today? It was still in the dollars, you know, five dollars, bitcoin seven dollars bitcoin, and they didn't know any. Anything about it, and they looked into it, and they thought you know, either this is a joke, or this is the next big thing, and they did some research and decided to dive headlong into it. So it was really a chance meeting on a beach visa. How much did they invest in this? They ended up buying one percent of all bitcoin, so they bought everything that's out there. They own the percent of one hundred thousand bitcoin, and they bought it at around between five and seven dollars a coin so they ended up selling buying between eleven to fourteen million dollars with bitcoin at the time. And you know, it was a big investment, but compared to how much money they had it wasn't a huge thing. They wouldn't even have known it wouldn't have killed them or anything like that. They also made an investment in one of these early bitcoin companies, which is part of the story, it was a company called bit instant, which was founded by this nineteen year old kid who was living in his mother's basement in Brooklyn got nailed for fraud. Didn't he ended up going to jail? He was one of the first people to go to. Jail for bitcoin game Charlie Schramm brilliant, young kid who you know, fell into bitcoin on the internet. Most people got into bitcoin early. We're kind of hackers libertarians people who are buying drugs online, from a place called silk road, which was this online, underground website, which, you know, at the time was the only place you could use bitcoin, and was was only bitcoin. So that was where a lot of initial people and Charlie created a company that helped people, buy bitcoin. Unfortunately, some of those people use that bitcoin by drugs. And when the federal government shutdown silk road, they caught some of these guys and traced it back to Charlie. I am not into bitcoin Ben at all. I just think it's so risky. I keep seeing it going up and up and up, but I gonna have you after the break. Explain to us just one. Bitcoin is all about. And where you think it's headed but are the brothers still in? Bitcoin multibillionaires in bitcoin they own. They still own the majority of their two hundred thousand coins so, yeah, they're in full. And they run an exchange now called Gemini, which is a big, basically a stock exchange for, for crypto currencies. So they're in fully. This is what they do now. The thirty seven years old, the peace thirty identical twin x Olympic rowers who are both worth billions of dollars. Isn't that amazing? It's, it's spectacular when you see them, it's like something out of Greek mythology. Look like normal movie behind bitcoin. Billionaires big movie with bitcoin during an air. We're gonna go back to Armie hammer, hopefully, who played them in the movie, the social network. So the goal is to do it. You know the next year. Yeah, that would be exciting. It would be unbelievable. And I, it's, it's a really crazy story, not just about how bitcoin happened, but also about what really happened at the end of the Facebook story. So it's a lot of really interesting stuff. All right. We'll stay with us Ben. We're gonna come back in a moment. We'll. Talk about bitcoin, how it was created from this secret individual who's out there somewhere that people keep guessing who he may be. And then we'll get into some other stuff. This is our first emerging artists by the way, Billy Claude from Pennsylvania, Florida with a song didn't the time fly for the first couple hours. We'll have these emerging artists for you right here on coast to coast AM. Find out more about tonight's guest. Log on to coast to coast, AM dot com. Message and data rates may apply. Earning your degree from one.
"charlie schramm" Discussed on Heartland Newsfeed Radio Network
"The liberty reminding you spread liberty with a smile. Manatee is a solitary creature drifting, along in the warm, peaceful shallows. They are not usually held in a small glass inclusion with three other male manatees. Hell, bent till the violent forced sex is for real soul. My own is while alone one night, SeaWorld, San Diego, a distant relative that the elephant, the manatee has a prehensile upper lip, which it uses together food. It also has a lodge penis classified as endangered human boaters often caused serious wounds to Manet's flippers rendering difficult, this one, little risky Minniti to escape alive. Male manatee in ten on wanted eight into cost one needed not to look in that little manatee victims cold. Soul-sapping is to know this was not the first time this had happened. Would it be the loss? This is the onion news network. Welcome to free talk live. You're invited to take control of the airwaves here. If you want you may do that. The number is eight fifty five four fifty free like freedom, eight five five four five zero three seven three three. We have the discord on air. Call in line rooms, they're opening valuable to you and they should be working fine. Now over at discord, L, R, N dot FM. We had a couple rough days there, where some sound equipment wasn't working quite right here in the studio. But hopefully I have remedied that problem with tonight, by the way, it's Ian, and nobody formerly known as Rich Paul. Nobody you are doing double duty today for listeners who are just with us on the radio here on free talk live. They may not know you just got off another three hour show called a freedom. Nobody's at a busy day. You have indeed. You have been very busy, and I'll get some bitcoin related stories here tonight. I heard you guys talking about the Craig right situation and. You know, I generally don't like to to at least I like to try to avoid covering the same story. You just covered five minutes ago. Right. The other show, however that other show is not on our radio affiliates. So most of our audience out there hasn't heard the discussion, so it's not bad to pull back some of our best of I think those are some of these stories are pretty important. Yeah, this is pretty important, although there are some other stuff we're talking about. I so we've got the fact that bitcoin just had a what I would call a feature piece on sixty minutes. Really this now? How did that relate to the bitcoin spike in time afterwards after? Interesting. Just aired on the nineteenth. So that would have been Sunday night. So Anderson Cooper, who many no used to be a reporter with CNN. Apparently, he's now working for us to be reporter with the theaa to. That's right. That's great. So he's now working on sixty minutes and they did what is about a thirteen and a half minute news package on what they called bitcoins, wild ride, and the interviewed Charlie Schramm. Who happens to be a former sponsor here on free talk live. We really. Yeah. We used to be sponsored by bit instant, which was the company that Charlie Schrimm founded like in twenty eleven or something like that. What did they do? They helped people buy bitcoin. Okay..
"charlie schramm" Discussed on Newsradio 950 WWJ
"Ten years ago. Mysterious computer programmer, invented a new type of money. The wasn't backed by any government or kept in any Bank. There were no coins or bills just long strings of letters and numbers stored inside a network of computers that, anybody could be a part of by downloading some free software over the internet today, that computerized currency, bitcoin is well known the little understood and bitcoin. Popularity has inspired the creation of thousands of other types of digital money known as crypto currency over the last decade. You could have made a five million percent profit by investing in crypto currency or you could have lost everything. It has been a while ride, and few people have experienced the highs and lows more than twenty nine year old named Charlie Schramm. Felt like I was riding a rocket ship that had no mission control. You were going up very quickly. But we were not thinking about what would happen when eventually we have to go back down and for me. I dealt with the ultimate client back down. You crashed hard crash really hard. Surely Schrimm was once described as the last kid who'd be picked for gala dodge ball. But he always felt comfortable around computers, he grew up at a Syrian Jewish community in Brooklyn, New York, and was a senior at Brooklyn college. When in two thousand eleven he started a business in his parents basement, he called it bit instant, because it enabled people to buy bitcoin quickly using dollars at a time when interest in the computerized currency was just starting when did you first notice the business, taking off almost instantly, the visits really that fast I had a thousand dollars that I've through into it that was my own money, and then within days, it was getting crazy. And I had my bar mitzvah money that I wanted to use. Within a year Tyler and Cameron winkle Voss of Facebook fame became major investors in Shirley's company by two thousand and thirteen. He was pronounced one of bitcoins. First millionaires. Estimates of his net worth range from a few million dollars to forty five million. I went from being a kid who had no self-confidence to the complete opposite with a crazy ego. And I was in a media interviews every day, and I was evangelize her of the industry, the bitcoin Moses, they would call me you go from being Velazquez picked dodgeball to, you know running the team, how did surely in other twentysomethings become kings of a new industry that deals in money, you can't deposit in the Bank to understand that you have to go back to a time when confidence in banks had plummeted? The Dow tumbled more than five hundred points shortly after the collapse of Lehman Brothers during the financial crisis of two thousand eight this paper started circulating on the internet. It proposed creating an electronic cash system that would allow people to pay one another online without going through a financial institution to this day. No one has the faintest idea, who the papers author, sitution Komodo is, but he or she or they created in genius software that anyone in the world could download onto their computer for free. The computers running the bitcoin software were then able to work together over the internet and perform functions. Normally handled by banks like keeping accurate records in guarding against fraud. The computers, maintain a constantly updated record of transactions involving bitcoin. The record is called the blockchain. And it's how the network keeps track of who owns what one of the most innovative features of the system. Is that every computer on the network? Can keep a copy of this record showing every transaction ever record it. The blockchain stored on thousands of computers around the world. The new rule is the director of the digital currency initiative at the MIT media lab behind the blockchain is that it's everywhere, and everyone can look at it, and verify it for themselves. And so what this means is that you get this sense of trust, you get the sense of security, because everyone's watching if you're wondering what there is to watch here. It is bit Gordon's, not much to look at just letters and numbers. Why would people have trust in something that is just numbers and letters? It doesn't have anything backing it up. I think to answer that question you really have to go back to sort of the roots of money, and what is money, the reason that the five dollar Bill in my wallet has value is because I know you'll take it from me for something I can buy sandwich from you. Would that five dollar Bill? So it has value because people believe in it. Exactly. And that's it. That's really it. Thurs bitcoin was just an interesting experiment. Conducted at home by computer programmers, like laws low. Honey, let's because his computer was one of the computer's, helping to maintain the bitcoin network, sit Toshinaga modo software rewarded on yachts, with some bitcoin, but there wasn't much he could do with it back in two thousand and ten so we went on an internet chat form and asked whether anyone would be willing to buy him some pizza in exchange for ten thousand bitcoin. And somebody said, hey, I'll, you know, I'll take you up on that offer here, you can see the original pizzas, and that's my daughter's hand. She was a year old that pizza obtained with bitcoin by laws, low honeypots and enjoyed by his daughter nine years ago is believed to be the first real world transaction involving crypto currency. Do you feel like after that, that, that change people's perception of it in a way, I think it made it real for some people, I mean, it certainly did for me in the years. That followed bitcoin caught on some merchants started. Accepting it. And it became possible to buy and sell bitcoin for dollars through businesses called exchanges. As the market price of one bitcoin rose from zero to a dollar to a hundred dollars. More.
"charlie schramm" Discussed on The Crypto Street Podcast
"And michael goldstein who goes by bid stain on twitter and in real life actually uh and basically we were primarily interested in economics uh and so among libertarian service uh big strain of acknowledges caught austrian school of economics and we started a thing called the means the circle where we would read certain austrian economics literature and then get together and discuss it and one of the big debates in austrian economics is between fractional reserve banking and what's called a one hundred percent reserve banking so we were going back and forth on this debating it and the topic of bitcoin came up because bitcoin is essentially one hundred percent reserve banking if you look at bitcoin itself obviously you know i feel good docs it's fresheners irving but uh anyway that's when i first really started researching bitcoin and realized how well it aligned with my economic views of what sound money is and also my politics of having a private money rather than a government issued money so that was uh like december two thousand twelve and went on to um now went on to not bid samp i fear what it was called at the time it was charlie schramm's bit instant they need to come up with better names for these services it only like uh uh yeah bidding sin and i actually i recently searched my inbox to see to to see those old emails back from 2013 thirteen and yeah sure enough a bought in january two thousand thirteen a a s is very small amount because i was a broke college student but uh anyway yeah that's that's why i'm not a crypt or rich.
"charlie schramm" Discussed on CRYPTO 101
"In who are the week of us twins those two billionaire dudes they they've got eleven million dollars off a lawsuit from face broken turned it into billions with bitcoin that's exactly who they are in a the turned into billions of bitcoin by buying bitcoin is ten dollars and airbase said actually they they're going on a buying spree at people thought there there are crazy why you buying bitcoin and he bought a hundred in twenty thousand bitcoin when he was ten dollars apiece how much is a hand in twenty thousand bitcoin at nowadays i think it's about one point eight billion dollars so barely they there that's what the be so they one vets of that's a big win the killed they killed it so a little bit about the wing of us twins the winkle vase twins were born in new york they went to school in harvard as we know from the movie the social network who is in the movie jesse eisenberg okay right cool so they went to harvard they were in the whole facebook scandal thing as we just mentioned for their masters degree they did their mba from site ebusiness school in oxford at the beginning they were investors in bid instant this is one of the first companies to trade bitcoin's online been instance executives in fact had tutored them on the basics of bitcoin so they were learning about this whole bitcoin thing at the same time they were buying it up up to a hundred in twenty thousand bitcoin this is not including there a theory of holdings which people put at another hundred some thousand now there are investors in bit instant when the o charlie schramm was arrested in 2004 accused of helping supply bitcoin's to users for online drug markets the wink over us twins were never implicated in wrong doing but let's just say that it didn't look good for them they know what they did date opened a new exchange gem an eye german i is registered in new york it's a proper exchange just like other.
"charlie schramm" Discussed on Progressive Talk 1350 AM
"Quake cash and i still holds a will opposition in the coin core but i think the cash is the future um personally if but i had one other question i want to ask you about that time back in two thousand eleven because i have this right into remember some of these things from so long ago in there was a service to you all used to advertise on free thought glass around that time and this was pre coin days and this was a service that i used to buy all like the coin and it was something like uh they were people who were selling bitcoin there was a company that was doing this a not around anymore and their their business thing was you would go to a wells fargo bank deposit cash and then and you wait a few days and then it since you your bitcoin you're member with that was called uh god yahoos charlie shrimps thing i think i'm spacing on what the name was right now but if you were to go back on like look up charlie schramm and then then go back and see his kind of history the name of that of that business will come up at it's totally on losing it right now we went to their offices in manhattan uh and we actually broadcast from their offices at that point in time and uh yeah they're they're no longer and business that's because they went after charlie the federal government put him in prison for a couple of years because he was doing business with somebody who was on the silk road and who had informed him that he was on the silk road and so he knew that he was doing business with somebody who is a silk road dealer and uh then they found out about that somehow i forget the the details but ultimately he was how he had on encrypted emails in his g mail account so when the feds went into read his emails they were able to go in readers email so he hadn't taken the time to do pdp encryption on his emails had he done that they would have had a much more difficult time gathering evidence against him so always and what's that.
"charlie schramm" Discussed on Liberty Talk FM
"Of my liquid at the end of the coin cash and i still holds a sizeable opposition in bitcoin core but i think the bitcoin caches the future um personally but i had one of their question i want to ask you about that time back in two thousand eleven because i've been striving to remember some of these things from so long ago it there was a service to you all used to advertise on free talk live around that time and this was pretty coin days and this was a service that i used to buy all my bitcoin and it was something like uh you they were people who were selling bitcoin there was a company it was doing this a not around any more in air their business thing with you would go to a wells fargo bank deposit cash and then you wait a few days and then it's since you your bitcoin do you remember what that was called uh god young's charlie slim's thing i think um on spacing on once the name was right now but if you were to go back on like look up charlie schramm an than than go back and see his kind of history the name of that uh that business will come up but it's totally i'm i'm losing it right now we went to their offices in manhattan uh and we actually broadcast from their offices at that point in time and uh yeah they're they're no longer in business that is because the when after charlie the federal government put him in prison for a couple of years because he was doing business with somebody who was on the silk road and who had informed him that he was on the silk road and so he knew that he was doing business with somebody who is the silk road dealer and then they found out about that somehow forget though the details but ultimately he was that he had on encrypted emails in his g mail account so when the feds went into read his emails they were able to go and read is email so he hadn't taken the time to do pgp encryption on his emails had he done that they would have had a much more difficult time gathering evidence against him so always and what's a.
"charlie schramm" Discussed on KQED Radio
"The electricity that goes to bitcoin mining you've probably heard that bitcoin has enemies in high places pay chinese government cracked down on domestic trading of the virtual currency bitcoin is starting to have an effect of you may have heard that alleged criminals like bitcoin the ceo of one of the world's leading a bitcoin exchanges bit instance has been arrested in new york the prosecution claims charlie schramm was involved in a drug money laundering scheme the silk road website definitely heard about the biggest heist in digital currency history it was only virtual money by it is gone the largest bitcoin exchange declared bankruptcy in japan today the mouth goss online exchange based in japan was hacked out of eight hundred fifty thousand coins with virtual currency earlier this week valued at near half a billion dollars this incident produced headlines declaring that the bitcoin revolution is over the sceptics say thank god what took so long while the boosters say you're kidding over bitcoin revolution hasn't even the gun to look at it has basically mount gac's has to fail offer bitcoin to be able to convince for him because mount gosh was never set up to be able to take the colombian stream which was was basically happening now thank you i just set your name in what you do and since you've done so much that so amazing feel free to brad dopey no super shy guy you know are from the midwest muscle regrowth do your best at least say were you say your name at least i w at a so my name is mark andrew jackson in a former life i was out adventure an entrepreneur and more recently i become a professional venture capitalist and reasons firm has invested in nearly a dozen companies in virtual currency business including quaint base a bitcoin exchange and transaction service that is a rival to the now defunct now guckes so andriessen has quite literally a vested interest in bitcoin there's a vested interest i say skin in the game since for money money where my mouth as revolt will ordered a bit another day so what get someone like andriessen so excited about bitcoin f the core of what bitcoin is is the.
"charlie schramm" Discussed on KQED Radio
"Exchanges bit instance has been arrested in new york the prosecution claims charlie schramm was involved in a drug money laundering scheme the silk road website and definitely heard about the biggest heist in digital currency history it was only virtual money by it is gone the largest bitcoin exchange declared bankruptcy in japan today the mount gac's online exchange based in japan was hacked out of eight hundred fifty thousand coins with virtual currency earlier this week valued at near a half a billion dollars this incident produced headlines declaring that the bitcoin revolution is over the sceptics say thank god what took so long while the boosters say you're kidding over for bitcoin revolution hasn't even the gun to look at it as basically mount cox has to fail offer bitcoin to be able to govern stream because mount goss was never sat up to be able to take the colombian stream which was basically happening now and i'm just set your name and what you do and since you've done so much that so amazing feel free to brad dopey now super shy guy you know are from the midwest muscle regrowth do your best at least say well you say your name at least i w so my name is mark andrew jackson in a former life i was on adventure an entrepreneur and more recently i become a professional venture capitalist and reasons firm is invested in nearly a dozen companies in virtual currency business including quaint base of bitcoin exchange and transaction service that is a rival to the now defunct mount guckes so in recent has quite literally a vested interest in bitcoin your service in interest i say skin in the game not since her money money where my mouth has ordered a bit another day so what get someone like andriessen so excited about bitcoin f the core of what bitcoin is is the solution to a fundamental problem a computer science that's been around for decades that had never been salbador now if you're not a fan of computer science this may get a little bit less interesting before it gets more interesting to hang in there the problem bitcoin solve says andriessen was known as byzantine generals problem the metaphor basically as you have a group of generals in the byzantine empire and they surrounded a huge city and there's these encampments with these generals have all the way around.
"charlie schramm" Discussed on WNYC 93.9 FM
"A leisure being useful for something wonde of the modern motoring heads i think that's a great points jordan the key difference between bitcoin's scarcity and say gold scarcity has that bitcoin as you point out is highly divisible but there is a psychological power to holding a unit of this to hold me one bitcoin means something to people irrationally drive you find out your sort of getting people coming to you say i want to buy like a bitcoin deliver that is a common compensation era okay now the vicious and to charlie schramm whose early adopter which i guess makes him a lucky ma'am and although i do know feeds them bracing himself for a crash he has gotten zhang story about how he got into this and where let him so i asked him first of all how do you get into bitcoin's i added the bitcoin in two thousand ten when i was at university someone started telling me about it in ah internet chat room and i was really excited about it soon as i heard about it and so what did you do i just started paying attention and chatting with people and reading the internet forms you know back then there was no bitcoin community there was no support network or something where you can just do there were no companies that worked in a space there was nothing it was a bunch of kids on internet chat rooms that we're talking about it right and then you presumably we go sufficiently interested to try and buy some would that be rent loss iron realizing very difficult to fight the coin with were heart and i realized that if this was going to take off and people were going to get involved in it then i need to make it easier by insulted claimed so i started a company with my business partner at the time i see so you you says up basically a trading platform and i i i witness astonishing figure the early on you you have something like thirty percent of the bitcoin market going through your platform yeah basically it almost all of the processing that was going on of the bitcoin space was going through my company acoustical a big deal and then it.
"charlie schramm" Discussed on Death, Sex and Money
"And spent one hundred dollars and get 15 outfits i don't know how should've said how are you that's charlie schramm he's an executive with the technology company now and based on my time with him he's also regularly monitoring the value of bitcoin on his found charlie and courtney got married in september after relocating their wedding because of hurricane alma thanks to the team at the annenberg space for photography for hosting s in la leave recorded this conversation with charlie they are in conjunction with an exhibit called generation well that's a collection of photographer lord greenfields work could explores the changing ways that people across the globe are showing off their well it's really great you can see that exhibit in new york city at the international center a photographer feet until january seven debts sex and money is a listener supported production of wnyc studios in new york i'm based at the center for investigative reporting emeryville calif our team includes katie bishop annabel bacon emily biltine and andrew done the reverend john galore in st louis for it arcane music i'm on twitter in a sale the show is at debt sex money and don't forget to send us your stories about class and the moments when you've been most aware of your class status email your story or sinister voice men out to class at debt sex money dot org there may not have been actual money in prison but charlie says there was a system of currency based on packets of mackerel and things are denominated in a mackel like a haircut as to max.
"charlie schramm" Discussed on Death, Sex and Money
"Death sex and money is supported by mlive fleur which provides luxury clothing and personal styling to the busy professional woman who has better things to do than shop or who wishes she could shop the can't fit it in the audit quick online survey and receive a bento box of wardrobe staples and accessories handpicked just for you buy your dedicated in 'em stylist keep what you like send back what you don't it's free to try and it's not a subscription service said there's no commitment if you're ready to take the work out of dressing for work tribe bento by visiting mm bento dot com that's mmd ent out dot com death sex and money is supported by rocket mortgage by quicken loans chances are you're confident when it comes to your work your hobbies in your life rocket mortgage gets you that same level of confidence when it comes to buying a home or refinancing your existing home loan rocket is simple allowing you to fully understand all the details and be confident you're getting the right mortgage for you to get started go to rocket mortgage dot com slash dsm equal housing lender licensed in all fifty states nmlsconsumeraccessorg number thirty thirty this is death saxon money from wnyc i man a sale charlie schramm was arrested by federal agents at jfk airport in january 2014 when he was flying home into new york he was charged with money laundering and operating an unlicensed money transmitting business before he was arrested charlie told me worries about legal trouble had already prompted him to shut down his company bed instant my lawyers basically said well like.
"charlie schramm" Discussed on Death, Sex and Money
"Listener support it w in why c studios in prison the more of a celebrity you are the less respect you get your judged on who you are as a person and i liked being judge like that because i feel like i'm a i'm a pretty okay person people like me and i was judged on that not on the bitcoin stuff this is that sex and money died dory love the show from wnyc about the things we think about a lot sometimes i don't know i really or i have to love to talk about these people would very hard for them money any in a sale charlie schramm was a millionaire by the time he was twenty two years old within a few years he'd lost it all i recently talked to him live on stage in los angeles charlie was an early bitcoin entrepreneur he cofounded a company called bit instant which helped users convert dollars in bitcoin then someone started using that bitcoin todo illegal things on the internet and charlie knew about it he was arrested in served a little over a year in prison after pleading he'll now charlie is twenty seven and he's rebuilding not just his bank account he's left the orthodox jewish community he grew up in their lives in florida with his now life courtney she met him when he was flying high lynn visited him regularly in federal prison when charlie and i talked she sat in the front row with their wedding just a few weeks ago.
"charlie schramm" Discussed on The Daily Peach
"It's hard to control and as people are sharing everything online people are more thirsty than ever for privacy and when you hear the government's spying for the government doing this or that and there's a lot of government overreach highlighted on the strike mentoring it makes you to start to wonder and they're really it opens up this world for a new need and it's the need of private privacy ends does that even exist i don't know and so that is something that is kim dotcoms next venture so it's basically mega video or mega upload version to which i'm actually going to talk about end tomorrow's podcasts and make sure to come back four of the daily peach but an interesting kind of parallel thing that happened in the bitcoin world that is talked about ally in the documentary being he on bitcoin is the bit instant ceo charlie schramm he got arrested two years of probation for a similar things a bit instant is a exchange platform for bitcoin so basically you use it to buy sell and trade cryptocurrency by it charlie dot arrested because someone was using his services to uh sell drugs and weapons and just crazy crap on this thing called the silk road anz somehow on the government figured out that charlie like new that this was happening and they basically arrested in a suit charlie because he knew um will not he knew but basically there are saying on because his services were used for the so he was caught for like monning it will money laundering an interesting.
"charlie schramm" Discussed on WLOB
"You tonight it's in denmark sir so bitcoin price has been pretty interesting over the last few weeks in fact just last few days it's been a record highs close to about five thousand us dollars just a a kissed thousand and then that it tumbled to wednesday's high which was like fortyfive hundred or something like that so it's on sale right now and you don't have to get a whole bitcoin by the way if you want to get into bitcoin you can get a fraction of bitcoin by five dollars worth of bitcoin for instance that the bitcoin vending machines here in new hampshire in all around the world there's these things one of the early piran pioneers of bitcoin charlie schramm recently said that any bitcoin you can buy for under one hundred thousand dollars is a deal meaning he suspects that at some point the price of one bitcoin is going to go higher than a hundred thousand dollars that's his prediction he also credited free live as creating the coin as it is today well that's awfully aas a gene obviously lifezette him he's a genius i don't know if i want to go that far but i appreciate all the very nice things that people have said about here's the quote bitcoin would not even exist if it wasn't for you guys charlie shroud on about that of either awfully i really like it could i appreciate that and is certainly we've been involved for a while and we were the first kind of meat lydia platform to embrace bitcoin but it's not too late for you to learn about this thing even though it sounds like it's really really expensive again if you you know ten years from now we're looking back and it's a hundred thousand dollars in bitcoin you're going to be feeling sorry you didn't get in at this point because them you know obviously don't want an invest anything you can't afford to lose if you can't afford to lose a little bit and good putin is them bitcoin hold onto it and watch what happens you can larimore theme advice by the way four stocks municipal bonds wherever you don't put anything in your you can't afford to lose but that.
"charlie schramm" Discussed on Liberty Talk FM
"Ridley report dot com checking out there and get a check how dare jays new video which i just start i started before the show but i didn't have enough time to to finish it up some tiffany and check out the rest of it a little bit later on tonight also at free keen dot com i just published a a very lengthy article about the bitcoin fees and we're not enough time to talk we're not going to have time to talk about it tonight but maybe maybe we can little bit later his it basically explains why it is that things are the way they are right now sort of gives a brief history of how things got to be the way they are in bitcoin and you know what's happening now wire the fees down than what they come as compared to what they were about a month ago what has happened there is some speculation in there as to what's going on in a pretty much has to be who's a really long peace took me basically all day to do this commute century the entirety of my ass afternoon to write this thing up in a and i did because i felt like nobody was talking about this affect the headline is bitcoin fees are way down what happened and why is virtually noone talking about it i mean there was this headline we talked to charlie schramm on sunday night about it yeah the headline came out four or five days ago was the thirtieth of june when they came out is now the fourth of july and the headline over coin telegraph was about how charlie schramm head just basically inadvertently pay a twenty five cent feed and bitcoin which is about a tenth of what bitcoin fees have been up until now because the big island fees have been going insane and i saw this headline and ahead and believe it i thought this must just been a fluke just he senate 25 sent thing and are set said fina it just happened to get included in a block must have been a fluke well on sunday at our bitcoin meet up we tested at we put it to to to trial we sense of transactions from the air bits wallet and they were recommending a ones effort darrell they recommended a.