Waters Wavelength

Dan welcomes Paul Chou and Zach Dexter, CEO and CTO, respectively, of the bitcoin trading and clearing platform LedgerX, on the podcast to discuss the recent hack at Bitfinex that saw over $60 million worth of bitcoins stolen from the Hong Kong-based exchange. The guys review the overall hack (3:40), talk about multi-signature systems (5:50) and debate the merits of cold storage and hot wallets (9:45). They also look at how the breach could impact future regulations (12:40) and institutional firms' willingness to get involved in bitcoin going forward (18:50). They wrap things about with a discussion about why Paul and Zach can't enjoy watching shows like "Mr. Robot" and "Silicon Valley" (26:50).