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I'm about 90% certain he actually said "shadow currency" and it's been transcribed wrong. He uses the term "shadow currency" elsewhere. Of course, that's stil
by waterlesscloud 14y ago
I'm about 90% certain he actually said "shadow currency" and it's been transcribed wrong.
He uses the term "shadow currency" elsewhere.
Of course, that's still intended to make it sound scary.
- chc 14y agoThis is both the least interesting and most likely explanation.
- drcode 14y agoThat's actually a very plausible hypothesis (I'm the guy who wrote the comment about the ugliness of the word "chattel") Can anyone find the audio for this quote? The version I heard of the CNBC interview didn't contain this sentence...
- jlgreco 14y agoConsidering the context: "a chattel currency that people use to purchase drugs and money with" And the what turns up if you start looking around at what there is out there for "shadow currency": "Shadow currency: how Bitcoin can finance terrorism" (from two days ago) And from "The US Regulatory Vice Closes On Bitcoin" (from one day ago): "Chilton's remit to regulate this "shadow currency" is predicated on it becoming a basis for derivative contracts as opposed to purely transactional (akin to the monitoring of physical oil transactions that can influence crude futures.)" ...I would say you are correct with almost without any doubt.