Summary: We’re not really known for being conspiracy theorists, but in Episode 575 of The Traders Podcast, your host Rob Booker and the producer Jason Pyles discuss the continued meteoric rise of bitcoin and whether it is the target of North Korean hackers. Thanks for listening to The Traders Podcast. We release new episodes every Tuesday and Thursday. Subscribe free in iTunes and join us! Links for this episode: Subscribe to Rob's YouTube channel here: <a href="https://youtube.com/robbooker" target="_blank" rel="noopener">https://youtube.com/robbooker</a> Rob on Twitter: <a href="https://twitter.com/robbooker" target="_blank" rel="noopener">@RobBooker</a> The Traders Podcast on Twitter: <a href="https://twitter.com/traderspodcast" target="_blank" rel="noopener">@TradersPodcast</a> <a href="http://tfl365.com/" target="_blank" rel="noopener">TFL365.com</a> <a href="http://www.traderinterviews.com/" target="_blank" rel="noopener">Trader Interviews.com</a> Jason’s movie podcasts: <a href="http://moviepodcastweekly.com/" target="_blank" rel="noopener">Movie Podcast Weekly</a> Jason’s comedic show where he and some friends review new movies in theaters. Movie Podcast Network Twitter: <a href="https://twitter.com/MovieCastNetwrk" target="_blank" rel="noopener">@MovieCastNetwrk</a> Full podcast transcript: Rob Booker: Mr Pyles. Jason Pyles: Hey Rob. Good morning. Rob Booker: I was wondering if you would like to travel to North Korea to teach the people there about bitcoin? Jason Pyles: Probably not. Rob Booker: Probably not, so that's a no? Jason Pyles: Well ... Rob Booker: That's a hard pass? Jason Pyles: Well, yeah, I'm not sure. I'm not sure. What kind of other vacationing opportunities do they have there? Rob Booker: Well, they have a ... Okay nothing. Jason Pyles: Okay. Rob Booker: Really nothing. Absolutely nothing. There's nothing going on. Did you know, according to Vice News, David Gilbert of Vice News reports that students at Pyongyang University, has been accused of training North Korea's state hackers. All right? Jason Pyles: Oh. Rob Booker: The university and the government invited Federico Tenga, who is the Italian founder of a bitcoin startup, they invited him to travel to the capital in North Korea and teach more than three dozen of the countries elite mathematical and programming students about bitcoin. Jason Pyles: Sounds comical for some reason. I don't know why. Rob Booker: Okay. Okay. Fair enough. It sounds comical. Here's the part that's frightening. This is the world's leader, I mean, next to Russia. This is the world's leader in hacking. Bitcoin has shown itself susceptible to hacking. Could you imagine now, a world in which, now that bitcoin is reaching 10,000 or so ... Could you imagine a world in which all these people, over 100,000 new bitcoin accounts were opened on Thanksgiving day at Coin Base. Just one wallet. Just one wallet provider. Just one place on one day, grew by 100,000 accounts. Could you imagine if bitcoin was, in some way, shape or form, at some wallet provider, hacked again. I know I'm gonna get a lot of comments from listeners, cause every time we talk about this, I get corrected and that's fine. I stand corrected on a number of issues regarding bitcoin. I'm not afraid to be wrong. It helps me learn. Could you imagine the potential to hack into bitcoin wallets. We're now talking, not about millions, but tens of millions, or hundreds of millions of money that could be stolen. This is the wild west, Jason. Jason Pyles: Wow. It sounds crazy. Rob Booker: Why would this guy travel to North Korea, and teach them about it? Jason Pyles: Hm. It must of- Rob Booker: What's wrong with this guy? Jason Pyles: It must have a pretty good paycheck, right? Rob Booker: Must have been. It must have been some kind of payday. I imagine they paid him in bitcoin. Jason Pyles: Right. Exactly. Rob Booker: I mean, I don't know.
