Patrick Murck Executive Director, Bitcoin Foundation on CNN Talks About Bitstamp Hack

Patrick Murck Executive Director, Bitcoin Foundation on CNN Talks About Bitstamp Hack

Patrick Murck joined Quest Means Business to discuss the security concerns over bitcoin from on Vimeo. Patrick Murck discusses on CNN the Bitstamp hot wallet hack and how exchanges are doing better despite the hack in protecting customer funds. He also illustrates that this is not a MtGox type situation as well as how far we have come in digital security.

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If not for political reasons, why am I interested in Bitcoin? Like a lot of people, I was disturbed by the aftermath of the 2008 financial crisis. I thought the government did what it had to do at the peak of the crisis but missed an important opportunity afterwards to reform the financial system. It seemed to me that there were two ways to improve the system: from above through regulation (which I support), or from below through competition.

Chris Dixon, Entrepreneur and investor, co-founder and former CEO of Hunch