Interview: David Veksler and Tim Swanson discuss Bitcoin, Litecoin, cryptocurrency, cybersecurity in China

Last night I spoke with David Veksler (the founder of Crypt-A-Byte) about cryptocurrencies and cybersecurity.  Below are some of the notes from the podcast.  Let us know what kind of feedback you may have (yes, I did eat a snack midway too… faux pas #1). [Note the audio was originally hosted at Buzzsprout but have been republished at YT]

References and concepts mentioned in the show:

Price volatility from Ludwig von Mises in Human Action:

“If the memory of all prices of the past were to fade away, the pricing process would become more troublesome, but not impossible as far as the mutual exchange ratios between various commodities are concerned. It would be harder for the entrepreneurs to adjust production to the demand of the public, but it could be done nonetheless. It would be necessary for them to assemble anew all the data they need as the basis of their operations. They would not avoid mistakes which they now evade on account of experience at their disposal. Price fluctuations would be more violent at the beginning, factors of production would be wasted, want-satisfaction would be impaired. But finally, having paid dearly, people would again have acquired the experience needed for a smooth working of the market process.”

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