Bitcoin, every mention
21 scenes (2021) · ← back to Bitcoin
tap a year for its mentions
every year 2021 anyone Sam Bankman-Fried 13David Rosenthal 12Brendan Eich 9Ben Gilbert 3Mitch Lasky 2Sarah Tavel 1Mario Gabriele 1Anu Hariharan 1
Verbatim, from the transcripts: the passages where Bitcoin comes up
FTX with Sam Bankman-Fried & Mario Gabriele (Extended Cut) · Acquired
- ▶ 7:14 Sam Bankman-Fried Um, I went to coinmarketcap.com, um, I clicked on Bitcoin,
- ▶ 7:31 Sam Bankman-Fried So, so if you do that today, right, it's going to show you a bunch of markets for a Bitcoin and just sort of looking across the prices here.
- ▶ 8:04 Sam Bankman-Fried Um, and so that's like a, you know, what a 10 basis point difference, I think, between sort of like the low end and high end of pricing of a Bitcoin across major cryptocurrency exchanges.
- ▶ 8:16 Sam Bankman-Fried You know, if you're thinking like, is there an arbitrage in Bitcoin?
- ▶ 11:59 David Rosenthal The, so that, that 200,000 dollar a day potential arbitrage opportunity in Bitcoin, how did that compare to the best trades you saw in traditional markets at Jane Street?
- ▶ 16:45 Mario Gabriele At the time that you looked at coin market cap, like how much knowledge did you have about Bitcoin in general?
- ▶ 17:07 Sam Bankman-Fried Like, if you ask me, what is a Bitcoin?
- ▶ 19:46 Sam Bankman-Fried Like I say, we don't pre-credit, but how many confirmations do we require for Bitcoin?
- ▶ 20:33 Sam Bankman-Fried So Korean bitcoins were trading 10 to 50% above American bitcoins, and lots of people said, well, why don't you buy American bitcoins and sell them in Korea?
- ▶ 20:48 Sam Bankman-Fried So you could buy, you know, a 10,000 dollar Bitcoin, sell it for 13,000 dollars in Korea of Korean won.
- ▶ 20:54 Sam Bankman-Fried Now you have Korean won on a Korean exchange and the only thing you do with it is buy a Bitcoin back for 13,000 dollars.
- ▶ 21:06 Sam Bankman-Fried Um, nearby though, uh, Japanese bitcoins are trading five to 20% higher.
- ▶ 21:13 Sam Bankman-Fried Then American bitcoins, still quite a bit, and the Japanese yen is, it's not a restricted currency.
- ▶ 21:19 Sam Bankman-Fried Um, in theory, you could buy an American bitcoin, send it to Japan, sell it 20% higher, turn the yen back into dollars, wire it back to America, and you've just made a bunch of percent.
- ▶ 38:49 Ben Gilbert I go to Coinbase, I buy some Bitcoin.
- ▶ 57:29 Sam Bankman-Fried Relatively clean, at least today, to get off the ground, um, is a spot Bitcoin USD, right?
Not Boring (with Packy McCormick) - Extended Cut · Acquired
- ▶ 1:50:19 David Rosenthal It's called Bitcoin.
- ▶ 1:50:21 David Rosenthal Nobody works for Bitcoin and it's a trillion dollar market cap.
Standard Oil Part II (Extended Cut) · Acquired
- ▶ 2:33:50 David Rosenthal Amazon is, uh, I don't know if it's my biggest holding compared to big, I think, I think I have more Bitcoin than Amazon, but anyway, it's one of my top three for sure.
Standard Oil Part I · Acquired
- ▶ 37:38 David Rosenthal This is, like, uh, this would be, like, in, uh, I don't know, 20 11, if somebody came to you and were, like, hey, there's this thing called bitcoin, and now don't just buy it, but, like, I know how to set up rigs to mine it, you know, and,…
- ▶ 42:59 David Rosenthal It's like the early days of Bitcoin.