Paul Vigna is a Wall Street Journal journalist and co-author of 'The Age of Cryptocurrency'. He is explaining how the timing of Bitcoin's release amid the 2008 financial crisis accelerated its early trajectory.
“It helped it because I think that that's part of the reason why it's grown so much faster than other technologies would have.”
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More from Paul Vigna
Insight
Vigna: Bitcoin diffuses centralized financial power across broader society
“What I think Bitcoin can do is take that power of the currency and diffuse it. A decentralized system where people really can be their own bank if you want to, or you can use a certain, you know, it takes that concentrated power and it diffuses it among the br…”
Paul VignaJan 2, 2019▶ 15:27a16z Podcast | The Five Stages of Bitcoin -- Disdain, Dismissal, Curiosity, Oh F**k!, and Acceptance
Insight
Vigna outlines the five psychological stages of Bitcoin adoption
“The stages, it's, you know, it's dismissal, it's disdain. Your first one is disdain. Disdain, dismissal, curiosity. The fourth one is actually the key. The fourth one is the aha moment, the eureka moment, and we played around with, I wanted to call it the oh f…”
Paul VignaJan 2, 2019▶ 1:28a16z Podcast | The Five Stages of Bitcoin -- Disdain, Dismissal, Curiosity, Oh F**k!, and Acceptance
PredictionNot checkable as stated
Vigna: Mainstream Bitcoin trust requires time to prove stability
“Until Bitcoin proves itself over time to be a stable, reliable store of value, a platform, a good platform, people won't trust it. I mean, it just, it literally is just a time element of this thing proving itself.”
Paul VignaJan 2, 2019▶ 9:27a16z Podcast | The Five Stages of Bitcoin -- Disdain, Dismissal, Curiosity, Oh F**k!, and Acceptance
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