Audio

Episode 20: The Flappy Birds of Mt. Gox

Millions of dollars go missing from a BitCoin “bank” while an unknown programmer in Vietnam decides that $50,000 a day from his game was ruining his life. Vertical monopoly returns with Comcast/Universal’s bid to buy Time Warner and Facebook increases it’s kingmaker status by creating more millionaires overnight. This week Jason and Stan talk about money and technology from several angles. Mt. Gox was the biggest exchange for a new form of currency called BitCoin which is based on algorithms and thousands of interconnected computers. But when it failed, the very human emotions of greed, theft, and revenge rose to the top. Meanwhile money wasn’t everything for the lone programmer of the most popular mobile phone game, Flappy Bird.

How has technology changed how you interact with your money?