The World Will Never Be The Same After Bitcoin
I want to ask about what's your opinion
on blockchain. I think blockchain is the technology right now that has the most potential to disrupt society i think people are grossly underestimating what it means
what it's doing blockchain is creating
infrastructure around trust and trust between all of us with each
other with nobody in between not central banks not leasing companies
not even governments i think that it
has the potential to create the global
next war because it's so big okay thank you you're welcome what do you think my personal opinion yeah go ahead my personal opinion i
really like it i i'm really bad at listening to myself
while i talk so i stop accidentally but i like it a lot i look into it i mean i think it's a really interesting
new
architecture i guess you could say yep
because it's
almost 100
i mean it's decentralized
so there's no
one
controlling it that's right and i mean it has a lot of power i just think i don't know how to explain it do you think that china and america and russia are going to let it
see its power i mean i don't think they
like it but since it's decentralized i don't think there's any way to stop it sure there is um can you give an example
sure they can start suppressing their
citizens yeah okay i don't have a counter answer
to that
okay i don't i don't either by the way
okay i don't i don't either by the way i'm just super i don't the reason i'm exchanging right now is i don't people are like bitcoin guys get educated on what's actually happening here like pay attention to the conversation we just hadminute ago this is a big deal i don't know i don't know either you've got something on it.
Blockchain is a protocol i guess it's an infrastructure i don't know what the what people are calling what is it a protocol it's essentially a big network which every piece of internet information is stored in blocks and it's probably viewable so everyone can see it and verify that everything is true and and there's mining technology that creates the people yeah that's the ecosystemthe ecosystem is arouminer which are machines it's it's basically you and i you will sell me your home in 11 years and ou transaction will happen on the blockchain nobody else which means all those fees in between you and me so you know i don't talk about it a lot because you could tell i don't even know every terminolo i've been paying attention i bought bitcoin four years ago i'm watching um but it's heady i it's you know i'm
laughing because everyone's like bitcoin i'm like do you know what ethereum is do you know
what blockchain is like this is
very intense what you know i think it's
youth naivete that says russia and china and america can't do
anything about it
it is literally literally literally the thing that can undermine them
yeah they're not that interested in that
are you invested into blockchain and
bitcoin so i bought bitcoin in 2014. So just i just need i just need all of you to eat that for a minute okay i love showing my coinbase to people. I put in 25k it's worth left
so marcus listen i i think blockchain's
way bigger than people realize a bitcoin level then let people a little smarter on the ethereum level
but when you understand what the
blockchain is my big thing with the blockchain is
it can it can literally overthrow
america and china and russia it's that powerful it's a platform of
trust and we can do everybody else is out
it's so heady man i haven't like i
understand it theoretically i haven't spent a lot of time in it
right um but i've been spending more lately you know there's a lot of that's starting to happen. I need all the dust thank you i need all
the dust to settle a little bit i'm
watching
you know my favorite time is when i'm like the cobra in the grass. I loved social media like 2006 seven eight because i was just like creeping i
was like in there i was watching it
like that time with blockchain right now
that's how i'm with ar it's how
with voice i'm a little louder because iwas in the grass two years ago with voice and
about what's been happening this year that's been really interesting because
i've been in bitcoin now since late 16. like i first heard about
in 13 but didn't really do anything withit but late 16 early 17 and i went
through the spike and the bear market which sucked but what's been really interesting this year what's really been happening is this cross section with the pandemic
uh so we've got this cross section with
the pandemic a lot of people on lockdowns a lot of companies closing
here in the uk as well in the us
and like rampant money printing by the government support furlough schemes and a massive
increase in the money supply has this relative risk
of we've seen a potential increase in inflation.
alexa skills and podcasts but now i'm
out i think it's super fascinating i think there's a lot of people that know a lot more than me which is why i don't spit on it a whole lot but it's big big yeah let me tell you
So this is company do you know micro strategy the data company okay so they're a data company there's a guy runs that michael sailor he came out of the woodwork this year
they had a billion dollars in their treasury and he put 450 million of that straight
into bitcoin
this year his thesis being that
the money the the dollars he's holding in his treasury is essentially a melting ice cube listen when when when paper
is printable in perpetuity and not
grounded to the gold standard or some
other aspect the thesis is not difficult to understand
i also think that people are bad at history there was a time when people traded rocks and and other things
you know money you know by governments is not a forever thing and so um people have come along and reinvented currency for a very very very long time i am not educated enough to stand on
a soapbox like i am in other things and go deep on this but as a common sense human being and that has been my north star and as one that believes that humans decide everything in collectives um i mean there was a reason listen i didn't have a lot of money when i bought
bitcoin
back then like i bought it for a reason back then like i bought it for a reason
i didn't follow it through i really at least from a financial standpoint would have benefited quite a bit from following it through but the macro
thesis of of blockchain is very right gary bitcoin or ethereum ethereum why because it's more of a platform than the
singular brand it's blockchain and it's ethereum then it's bitcoin so i don't think people understand right it's like it's like wordpress and netsca navigato yahoo.com bitcoin. when you talk if you truly understand the chess moves of decentralizing everything well then the whole damn world's on call government's included look the blockchain is game-changing
infrastructure cryptocurrencies like search engines there's gonna be a billion that go to xero and they'll be they'll be google and they'll be you know yahoo and bing still work by the way and so whether bitcoin is google or schmitt or like doge or you know litecoin or whatever whatever it may be i have no
idea uh but blockchain's an incredible technology.
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