![]() But besides that, cash is getting phased out for digital money. ![]() We all just try to convince each other that cash does have value, but we know deep down it’s just a piece of paper. Bitcoin is digital currency, and before you start telling me that Bitcoin is a scam and has no value, the paper money you have in your wallet is just paper and has no real value, either. ![]() JACK: Little did we know what kind of revolution Bitcoin would be in 2011. In the spring of 2011, actually, is when I came across this – what seemed like this new Cypherpunk phenomenon, which was Bitcoin. This is, you know, like – the Cypherpunks were these radical libertarians, most of them, anyway, and that movement gave rise to everything from VPNs to Tor to WikiLeaks, and I was kind of obsessed with this group and writing a book about them back in 20. So, how did you get involved in this book or this story? What’s going on in there?ĪNDY: Yeah, well, more than a decade ago, actually, I was really interested in this group called the Cypherpunks that wanted to use encryption and anonymity tools enabled by encryption to take power away from governments and incorporations and give it to individuals. JACK: Whoa, that sounds like a cool title Tracers in the Dark. JACK: This is Andy’s third appearance on the show, but if you don’t remember, he’s the one who wrote the book Sandworm, which talks about Russia doing a cyber-attack on Ukraine using NotPetya and other things, and he’s also a senior writer at Wired.ĪNDY: I cover cyber security and hacking and surveillance and all of this stuff, and I’ve now written a new book, Tracers in the Dark: The Global Hunt for the Crime Lords of Cryptocurrency. JACK:ğor this episode, we’re talking once again with Andy Greenberg. (INTRO): These are true stories from the dark side of the internet. But I’m also well aware that there’s another side to Bitcoin, too, a dark side, which sometimes when you follow the money, can lead you to the darkest places on the internet. So, I do have a special fondness for Bitcoin, and now you know if it wasn’t for Bitcoin, maybe this show wouldn’t be here. Just when that money was starting to run low is when I got my first sponsor, barely making it through the dip. But I finally did sell it, and that gave me the freedom to quit my job and spend the next few months focusing exclusively on making Darknet Diaries. I had to spend weeks wrestling it out of an old wallet that I had that wasn’t very good, and get it over to an exchange. I looked and I still had my one Bitcoin from years ago, but the price now was $18,000. Well, fast-forward to 2017 I was just starting this podcast and I was feeling really burnt out at work and was ready to quit and just work on the show or something.īut the show wasn’t making any money. So, I turned off the bot and left it alone, still holding one Bitcoin. My bot would make some good trades, but with the fees and a few bad trades, it all went back to where I started. I thought with Bitcoin fluctuating wildly, maybe there was a way to spot some sort of indicator and jump in when it’s going up and jump out when it’s going down. The Bitcoin market is open 24/7, 365, unlike the stock market, and I made a little PHP script that would trade Bitcoin after certain indicators were seen, swapping it back and forth between US dollars and Bitcoin. I felt stupid spending that much money on it, but what fascinated me was the trading aspect. I saw them playing around with it and I wanted to learn about this, so I decided to buy one Bitcoin. JACK:ĝid I ever tell you the story about how Bitcoin sorta changed my life? Okay, it started in 2014. ![]()
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