Jon Matonis on Bitcoin and crypto-currencies

Andy James Duncan

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While trying to find out as much as I could about the BitCoin revolution, for this GoldMoney podcast I threw every conspiracy theory I could think of at Jon Matonis – of the BitCoin Foundation, and also a writer for Forbes magazine – and he came up smelling of digitally encrypted roses…

Episode 118: GoldMoney’s Andy Duncan talks to Jon Matonis of the Bitcoin Foundation who is also a contributor to Forbes Magazine. They discuss Bitcoin’s latest price spike and whether crypto-currencies are a credible alternative as a medium of exchange.

Though the price for Bitcoins has risen from $15 to $95 at the time of the podcast, Matonis does not think that it is a speculative bubble. With a fixed supply of Bitcoin and rising demand – in part due to fears related to Cyprus — surging prices are only logical. As there is no futures market…

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