Monday, February 5, 2018

buying bitcoins

It might be the biggest bubble in history, but one thing is for sure, it is hard to avoid talk about cryptocurrency at the moment.

How to buy the magic coins? Pneumatic tube!

This is an except from one of my favourite podcasts, Gimlet's Reply All (dubbed by The Guardian as “‘A podcast about the internet’ that is actually an unfailingly original exploration of modern life and how to survive it.), from the most recent episode no. 115 called The Bitcoin Hunter, where the hosts of the show attempt to track down Jia's lost bitcoins.
LEX: So, can you explain to me, to the best of your memory, like exactly the process of buying the bitcoin and then buying the drugs?
JIA: Yes, OK. Uh, there are gonna be big holes here. (laughs)
ALEX: (laughs)
JIA: OK. So I downloaded Tor…
And then I looked at the Silk Road, and I said, “OK, I’m gonna try and get some bitcoin and make an account and do this.”
And then I remember taking my boyfriend’s car to the Bank of America drive through, putting like, you know, what I think might have been $80, in a little pneumatic tube, it getting sucked up the pneumatic tube—
ALEX: Wait a minute, you deposited money–
JIA: Yeah.
ALEX: Cash, American, US dollars.
JIA: Absolutely, absolutely.
ALEX: Via pneumatic tube–
JIA: Yeah, yeah I did.
ALEX: At a normal bank–
JIA: Yeah, is that? I think that’s what I was supposed to do.  
ALEX: I think that was actually just her putting money in her bank account. Either way, she goes home, gets on the internet, just like, the regular internet, not the dark web, and she goes to this thing called a bitcoin exchange, think of it as a bank.
Head to the link above to listen to the rest of the podcasts, it is truly fascinating stuff ...

Bank drive thru pneumatic tube image from Derek Dysar's Flickr account, used under the Creative Commons lisence.

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