Pied Piper's ICO Journey: An Inside Look with Bertram Gilfoyle

TLDRIn this Bloomberg Technology interview, Bertram Gilfoyle, chief systems architect at Pied Piper, discusses the company's recent ICO and his personal attraction to cryptocurrency. He explains his informed disdain for traditional fiat currency and highlights the fundamental anonymity and privacy of cryptocurrencies. Gilfoyle shares his insights on the decentralized internet and the future of ICOs.

Key insights

💰Bertram Gilfoyle highlights his informed disdain for traditional fiat currency and his attraction to the passage and ICO offers of venture capital.

🔒He emphasizes the fundamental anonymity of cryptocurrencies and how they shield private transactions from governmental oversight.

🌐Gilfoyle discusses the decentralized nature of the internet and its potential impact on traditional financial institutions.

⛏️He mentions his experience in mining coins since 2009, indicating his involvement in cryptocurrencies for a long time.

🚀Gilfoyle's attraction to ICOs stems from their potential to disrupt the traditional financial system and venture capital.

Q&A

What attracted Bertram Gilfoyle to cryptocurrency?

Gilfoyle was attracted to cryptocurrency due to his disdain for traditional fiat currency, the anonymity it provides, and its potential to disrupt traditional financial institutions.

What is Gilfoyle's experience with cryptocurrency?

Gilfoyle has been mining coins since 2009 and has a deep understanding of the crypto landscape.

What does Gilfoyle dislike about traditional fiat currency?

Gilfoyle dislikes the involvement of banks and mints in traditional fiat currency, which he sees as stained with greasy fingerprints.

What is the fundamental anonymity of cryptocurrencies?

The fundamental anonymity of cryptocurrencies refers to their ability to shield private transactions from governmental oversight, providing users with enhanced privacy and security.

Why does Gilfoyle believe ICOs have the potential to disrupt the traditional financial system?

Gilfoyle believes ICOs offer a new way for startups to raise capital and bypass traditional venture capital, challenging the existing financial system.

Timestamped Summary

00:02Emily Chang introduces Bertram Gilfoyle, chief systems architect at Pied Piper, and discusses the company's recent ICO.

00:17Gilfoyle talks about his past experience with cryptocurrency, mentioning that he has been mining coins since 2009.

00:28Chang asks Gilfoyle about his attraction to ICOs, and he explains his informed disdain for traditional fiat currency and his interest in the decentralized nature of cryptocurrencies.

01:05Gilfoyle discusses the fundamental anonymity of cryptocurrencies and how they protect private transactions from governmental oversight.

01:12Chang questions Gilfoyle's bleak view of financial institutions, and he challenges the notion that they have worked for centuries.