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Detailed text transcripts for TV channel - DW - 20180926:04:40:00

says banks are liable for losses incurred through fraud and that in the world of crypto currency there s no safety net the most important usurps or so you were currencies are those who are also see it that we. treat for example laundering money is great. and so on and so forth. and carsten says that because there s no regulation of digital currencies crookery can flourish. you can do crooked things as easily with a crypto currency as with real money i see crypto currency as a tool you can use a hammer to repair the roof or build a kennel or to bash someone on the head kind of all human. one felling point of crypto currency has been the speed of transactions but payment times have slowed to about ten minutes because of the surging volume the computers involved need more time to process transfers i mean basically least an infrastructure of these

Ah cryptocurrencyLaundering moneySafety netFelling point

Detailed text transcripts for TV channel - DW - 20180926:12:34:00

a few profited from soaring prices and risk losing their shirt the exchange rate is extremely volatile. some claim cryptocurrency going to become widespread and direct means of payment. is a balance that aims to promote exactly that bringing together the realms of old school money and new fangled crypto currency with a partner banking just building an online bank account that lets you buy and sell big con and make and receive payments. we can t trust governments to control our monetary policy because they always do make a lot of mistakes. we consider ourselves. as a bridge between the old world and the new world so we don t believe in a world where your only have money or only have cryptocurrency money we believe in a world where you re going to have both of those but if we look at the current trends we know the trailing cryptocurrency is going to be everywhere i don t think

Ah cryptocurrencyExchange rateBurnt moneyPartner bankingBank accountBig con and makeOld schoolMonetary policyTrailing cryptocurrencyCryptocurrency money

Detailed text transcripts for TV channel - DW - 20180926:04:30:00

Detailed text transcripts for TV channel - DW - 20180926:04:30:00
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Ah cryptocurrency

Detailed text transcripts for TV channel - DW - 20180926:04:41:00

probably that by investors now for them to make money just from is necessary as there is just shown they can charge for your fees these really what these need it to have to cease to work doesn t conduct these are teething problems they re an issue to have to address and solve these problems i m not convinced cryptocurrency is are here to stay this technology is very new and i m sure that the problems we have today will soon be solved. the dollar and the euro eventually be replaced by crypto currency. i don t think that will replace a payment system should based on a core in c. really. or complies with the three elements of money which is to be sorely store of value. medium of exchange and to be.

Burnt moneyDoesn tAh cryptocurrencyPayment system

Detailed text transcripts for TV channel - DW - 20180926:04:37:00

a transfer of two hundred fifty euros twenty eight euros more expensive whereas crypto currency is transferred wallet to wallet and incurs almost no extra costs. there s no bank involved no state no central bank and no privacy concerns. crypto currency isn t logged in any central location every transaction is replicated on millions of computers and recorded in a block chain that can be accessed by all users but the transactions are anonymous that means kitty could be buying drugs or weapons without the police knowing that s been damaging to crypto currencies image their own security concerns in aug twenty sixth hackers stole fifty eight million euros worth of bitcoins causing the price to plunge twenty percent there are now almost two thousand crypto currencies and a growing number of coins are in circulation their market capitalization is currently about one hundred seventy billion euros.

Ah cryptocurrencyCentral bankPrivacy concernsTwenty eight eurosTwenty eightTwo hundred fiftyTwo hundred fifty eurosBlock chainCurrency isn tSecurity concernsFifty eight millionFifty eight million eurosMarket capitalizationOne hundred seventy billion eurosTwo thousandOne hundred seventy billion