How lucky are we to have such an esteemed panel discussing this. It was fascinating and very educational. I am so grateful to all of you who work in this space, with the goal of providing global and fair financial access. Hats off to you all.
I say - Bitcoin is the Power Grid for Peace, for the Earth, and The People’s Money? This was an awesome explanation of the benefits of bitcoin use, beyond just the value proposition of money, which obviously, is a huge feature. Thanks much all, excellent video!
I’m an american living in argentina. You missed the use case where inflation forces the search for a new system. Argentina, as you know, leads the world in inflation ant well over 100% annually. Crypto penetration here is estimated at about 20%, probably representing a leadership in crypto.
Listening back to Preston after COVID, he is still good, best in the episode. Nonetheless, this episode shows me how disconnected the Bitcoin-only camp is from the 'reality' or crypto development in the space. Bitcoin will become/is one of the most important distruptive technologies, but most of what have been imagined in this podcast are highly likely not going to happen.
Bit use for resolution will increase as more wallets are linked to debit cards allowing more people an ability to avoid the fiat banking system. Also, it is critical for someone to develop an exchange point, ‘in the street’ for ‘depositing fiat’, digitizing fiat, to allow purchase of crypto. Many fiat banks will not allow their debit cards to be used on crypto platforms. In the usa, I am only aware of usbank allowing crypto transactions. I have had 2 other banks inform me it is not allowed.
As an example, I just checked, stripe in not available in Argentina (where it’s needed most). Why not? Honest answers,only please - is it the government corruption? Banking system? Other?
Bitcoin and other cryptocurrencies have so many problems. 1. The money is not evenly distributed. Most of Bitcoin is owned by relatively few Bitcoin-billionaires who got there just by getting in early. 2. A Bitcoin transaction uses over 1000 kWh of electricity, only half of which is from renewables. That's more electricity than the average American household uses in one month. So buy a coffee using Bitcoin and you have used more electricity than your house uses in one month. 3. If you lose your password you have lost your Bitcoin and it can never be retrieved. 4. There might be a limit to the number of Bitcoins that can ever exist but there is no limit to the number of cryptocurrencies that can be created as competition to each other, this is a type of inflation of unlimited proportions.
Jack Mallers is right "Collaborative advantage" trumps "Competitive advantage" Economy of Scope NOT Scale this is a new economy with very different rules hard wired to the thing running the money/Value in the Network.
Will you be using these learnings to turn around the ARK collection of EFTs to return all the lost value of poor investment choices? I'm down 57% on my investments with you all over 3 years.
question: If we use btc as a P2P payment system "over the web" or whatever.. wouldn't one have to pay 20% cap gains to even use it as a currency?? if true.. why would someone do ANYTHING other than HODL?? seems like a conundrum in my mind a mental block. I get that it's "digital" but most US Dollars are mostly digital.. so i don't see what makes it special in terms of it being digital. this language used like "laws of thermodynamics" or "cut it in half and you have MORE" "digital property" -- these words hit me more and more of just hyperbole ... I WANT to believe ! I'm just having a hard time. again.. I understand HODL bc number go up! but beyond that.. i'm struggling guys.. people who live under dictatorships or have NO BANK can manage a smart phone.. a cold wallet and seed phrases??? yikes man... people here talking about north koreans using btc!!! WHAAAT!!??? omg
I had to skip the awkward/weird hyperbole at the beginning. Just be straight with people. It’s enough to say that Bitcoin is the most secure, most distributed, requiring the least trust between all participants when compared to all other alternatives. Is there a mathematical proof that Bitcoin is the only solution for trustless exchange?
Can you do a video on a scenario when Homeland Security decides to release the information and reveal to the public who the 4 Satoshi are? Without this clarity addressed I don’t see mainstream adoption.
Alot of common sense, but some wild claims also - Kathy, could you bring a Bitcoin non-believer expert for the sake of impartiality and to have a different view.
Didn’t Kathie, Jack and Elon do this a few years back? Same idealistic tone ? How about concrete steps for the listener? Can’t you study the demographics of the people who listen to this pod cast, hint we don’t look like Kathie. What should we do?
more bitcoin cope. 🤦🏾♂ if only they could get their heads out of the sand and reason from first principles… at least obi seems to when he pointed out what the btc luddites are blind to
How lucky are we to have such an esteemed panel discussing this. It was fascinating and very educational. I am so grateful to all
of you who work in this space, with the goal of providing global and fair financial access. Hats off to you all.
I say - Bitcoin is the Power Grid for Peace, for the Earth, and The People’s Money? This was an awesome explanation of the benefits of bitcoin use, beyond just the value proposition of money, which obviously, is a huge feature. Thanks much all, excellent video!
I’m an american living in argentina. You missed the use case where inflation forces the search for a new system. Argentina, as you know, leads the world in inflation ant well over 100% annually. Crypto penetration here is estimated at about 20%, probably representing a leadership in crypto.
Crazy to think it’s only 20% adoption with that type of in your face inflation
yet Milei plans to go to the U.S. DOLLAR! NOT BTC or any other crypto. he speaks of austerity. not a change to btc
This is an important tool. Doing it monthly... 👏🏽Thank you all.
Excited for this series!
The brightest minds in the Bitcoin space! 🎉
I heard so many incredible things from you all! Thank you and keep it up!
Brilliant brainstorm and looking forward to more in this evolving space. Thanks for making this happen
Yes!!! Thank you! Keep doing more episodes. 🧡🧡🧡
Can we have more videos with Tasha Keeney please... hehehe
Great discussion on value of lightning and global south. Thank you.
Obi Really gets this, what an inspiration to help others with my small amount of BTC - Awesome!¬
Great chat!
Great panel.
This is brilliant. Thank you for putting this up.
Great informative video. I appreciate it
Listening back to Preston after COVID, he is still good, best in the episode. Nonetheless, this episode shows me how disconnected the Bitcoin-only camp is from the 'reality' or crypto development in the space.
Bitcoin will become/is one of the most important distruptive technologies, but most of what have been imagined in this podcast are highly likely not going to happen.
I heard Cathie say 4 important words which one was the 5th?
First, Global, Digital, rules-based, monetary system.
Amazing!!
Bit use for resolution will increase as more wallets are linked to debit cards allowing more people an ability to avoid the fiat banking system. Also, it is critical for someone to develop an exchange point, ‘in the street’ for ‘depositing fiat’, digitizing fiat, to allow purchase of crypto. Many fiat banks will not allow their debit cards to be used on crypto platforms. In the usa, I am only aware of usbank allowing crypto transactions. I have had 2 other banks inform me it is not allowed.
As an example, I just checked, stripe in not available in Argentina (where it’s needed most). Why not? Honest answers,only please - is it the government corruption? Banking system? Other?
Bitcoin and other cryptocurrencies have so many problems.
1. The money is not evenly distributed. Most of Bitcoin is owned by relatively few Bitcoin-billionaires who got there just by getting in early.
2. A Bitcoin transaction uses over 1000 kWh of electricity, only half of which is from renewables. That's more electricity than the average American household uses in one month. So buy a coffee using Bitcoin and you have used more electricity than your house uses in one month.
3. If you lose your password you have lost your Bitcoin and it can never be retrieved.
4. There might be a limit to the number of Bitcoins that can ever exist but there is no limit to the number of cryptocurrencies that can be created as competition to each other, this is a type of inflation of unlimited proportions.
Conflating bitcoin and crypto shows how ignorant you are. NeverMind the rest of your moronic points.
Jack Mallers is right "Collaborative advantage" trumps "Competitive advantage" Economy of Scope NOT Scale this is a new economy with very different rules hard wired to the thing running the money/Value in the Network.
Will you be using these learnings to turn around the ARK collection of EFTs to return all the lost value of poor investment choices? I'm down 57% on my investments with you all over 3 years.
For the algo
What was “New?”
Hi, I'm from São Paulo!
My boy Yasin in Ibiza 😂
Fantastic - sans the Jack lol that dude is full of it
Then why is $SQ down 20% this week??
Obi, send me your address and I’ll buy you a mic! I love your story about the stranded energy but it was hard to make out
question:
If we use btc as a P2P payment system "over the web"
or whatever.. wouldn't one have to pay 20% cap gains to even use it as a currency?? if true.. why would someone do ANYTHING other than HODL??
seems like a conundrum in my mind a mental block.
I get that it's "digital" but most US Dollars are mostly digital.. so i don't see what makes it special in terms of it being digital.
this language used like "laws of thermodynamics" or "cut it in half and you have MORE" "digital property" -- these words hit me more and more of just hyperbole ... I WANT to believe ! I'm just having a hard time.
again.. I understand HODL bc number go up! but beyond that.. i'm struggling guys..
people who live under dictatorships or have NO BANK can manage a smart phone.. a cold wallet and seed phrases??? yikes man... people here talking about north koreans using btc!!! WHAAAT!!??? omg
I had to skip the awkward/weird hyperbole at the beginning. Just be straight with people.
It’s enough to say that Bitcoin is the most secure, most distributed, requiring the least trust between all participants when compared to all other alternatives.
Is there a mathematical proof that Bitcoin is the only solution for trustless exchange?
Also much of the global south has a major education and tech gap…
Can you do a video on a scenario when Homeland Security decides to release the information and reveal to the public who the 4 Satoshi are? Without this clarity addressed I don’t see mainstream adoption.
@18:00 that's pretty racist. The "so called" global South has world class engineers and everyone has a phone, most have a computer.
Alot of common sense, but some wild claims also - Kathy, could you bring a Bitcoin non-believer expert for the sake of impartiality and to have a different view.
I wish Obi did a better job explaining what FediMint actually is, rather than talking like a marketer.
$14B AUM...you need a real mic.
Didn’t Kathie, Jack and Elon do this a few years back? Same idealistic tone ? How about concrete steps for the listener? Can’t you study the demographics of the people who listen to this pod cast, hint we don’t look like Kathie. What should we do?
more bitcoin cope. 🤦🏾♂ if only they could get their heads out of the sand and reason from first principles… at least obi seems to when he pointed out what the btc luddites are blind to
Dees noobs
Obi's mic is 1990s grade