Goldman's Blankfein Says He's Not Worried About Cryptocurrencies in Systemic Way

The speaker addresses concerns about cryptocurrencies, comparing their adoption to past technologies like cell phones. They discuss the evolution of money from gold to fiat currency and consider the potential for consensus currencies. While personally not invested in Bitcoin, the speaker acknowledges the possibility of its success and emphasizes the importance of considering both sides of an argument.

What analogy does the speaker use to describe the initial skepticism towards cryptocurrencies?

• The introduction of the internet

• The launch of electric cars

• The emergence of cell phones

• The invention of the television

According to the speaker, what was the initial form of money?

• Paper currency

• Cryptocurrency

• Gold

• Silver

What does the speaker suggest about the nature of fiat currency?

• It is a form of digital currency

• It is based on government declaration

• It is backed by gold

• It is universally accepted

What is the speaker's personal involvement with Bitcoin?

• He does not own any

• He owns a small amount

• He actively invests in it

• He is a major advocate

How does the speaker view the potential success of cryptocurrencies?

• He thinks it is a guaranteed failure

• He acknowledges it could succeed despite being unfamiliar

• He is certain it will succeed

• He believes it is impossible