Nobody knows Exactly what is going on or going to happen in the crypto space... What I've noticed even the experts Willy woo, Udi, Tone or Peter etc..... They learned over time and can only predict or understand what is going on through your/their own Due Diligence in the crypto space...After a while ( 4th-6th year) you get your own flow of understanding it and make the best educated guess you feel comfortable with... Everyone will be wrong eventually, but most times it ends positive in one way or another, besides Hacks and huge loses, even then we learn..... Anything these guys do or say should only be takin as education that YOU and only YOU decides what to do with your investments through experience. The space is moving so fast even the 10 year veteran will be challenged with most of their decisions.
Actually not true. Udi did a podcast with Do and raised skeptical issues. He said he hoped it would work, but made the point it was very risky and wouldn't buy it
I admit I love 'bitcoin maxi' podcasts, but What Bitcoin Did, Peter and Danny are relatable and feel 'real' world. Never miss a show. Great work guys, please keep it up!!
Once again, this proves that Twitter isn't the right place for some conversations. Udi was more reasonable in the Pod, than he is on Twitter. Rather than trolls, approaches like this could help on Twitter. Thanks Peter for having an open mind and letting Udi on. Would love similar conversation with non-bitcoin maxis.
He seems much more reasonable on Podcast, compared to Twitter. His takes on Twitter are not helping anyone, he is just engagement farming.. I enjoyed this session.
Hats up to you Peter - This episode demonstrates so much more growth and maturity. You've come a long way from the screaming fits with the historical posts on Twitter e.g., with Elon
Look how easy it is for Udi to say “Yes if the protocol gets hacked then people will lose money”. Hate these people who know the risks and know that people might loose money and still choose to advocate shit coins. Not everyone has 100s of hours to understand the importance of Bitcoin. It all comes down to how many(sane) people are talking about Bitcoin and it’s benefits.
@@jdg9999 The best way to find that balance between saving and living is by investing, This way you get to have your saving intact and then live comfortably off the revenue coming in from your investments. Financial freedom is possible, you just need to know what to do and when to do it. I am a living testimony.
I usually don’t comment but what you said about getting people criticising you for being open minded reminded me of the old “silent majority…” adage, so here I go: Great conversation, appreciate the balanced, reflective and truth-seeking thoughts! Keep up the good work!
The fact that the other coins get a crapload of adoption can easily be explained away by the huge venture capital behind them, the economic incentive to build a new coin, and the massive advertising campaigns these shitcoiners have. Bitcoin is moving at a normal, sane pace because it doesn’t have any of this shit
Thank you for the show Peter! I’m learning a lot from the podcast and you have a great set of guests that are personally helping me understand Bitcoin. I got in the space last year so catching up on what’s happened over the last 13 years. This was a great episode!
I don't know if this guy is trying to confuse others with his loose definitions and ideas (implying we can't form consensus) or if he's confusing himself.
Peter you should be uploading short clips of the interviews. So much messages maximalist need to listen… and in general helps to spread the message. And pomp does it, bastard! 😂
Udi says maximalism is ok but it doesnt work. How does he know that? He then says hes not talking about market caps or price. ok, so he immediately describes a subjective point of view that in his perception it doesnt work. fair enough. Tell me why massive percentages of fresh "crypto/nft" inflows ride the roller coaster life cycle only to eventually be absorbed into BTC market cap? It appears to me that people who realize gains would prefer to store them in bitcoin or those who have been burned and maybe even loathed certain old head bitcoiners would take their lumps and realize the fundamental differences of btc and "everything else"... I don't think u can officially be a maximalist without also prescribing to the "everything else" narrative which is why i align more so with Peter in that I allow certain openness to things like stable coins or even privacy coins and I simply prefer to opt out of any other chain because I believe it's all a bit too risky for me to speculate on the certain few winners in the crypto tech company sphere (which is what 99.9 percent of these things are)
@3:25 BTC: the religion. Yes, precisely; religion is a most proper use-case for BTC. Just as proper as science, or mathematics. Ultimately, BTC asks for humanity to have faith in itself, collectively (for BTC to continue). In other terms, if you think humanity has any value, then BTC is a statistical scoreboard of humanity's cooperative value.
The thing about word salad, is it kind of has to sound esoteric enough to trick you for just long enough for the soundbite to be over, like AOC can do it quite well, but Kamala just sounds retarded from the get go. Would IMHO be the dumbest person the deep state has put in that high a position in the US Govt. Just unbelievably stupid.
Bitcoin Maxis save me from loosing everything i have been accumulating for almost 2 years. If it wasn't for those Maxis, i would've left my coins in Celsius. I owe Bitcoin Maxis a lifetime of gratitude. One of your worst guest Peter. He either doesn't know what is talking about or clearly dishonest and a promoter of scams.
He makes statements without any data or reasoning. "Bitcoin isn't growing in popularity as fast as other coins". Thats it, no explanation or data bo backup his claim.
I appreciate that Udi is advocating for the Dan held approach. That form of maximizing BTC is very helpful. basically, You catch more bees with honey than vinegar
can you have someone on from the Trail of Bits team that released the report "Are Blockchains Decentralized". You had a nice conversation about maximalism, and i would really enjoy the same kind of open dialogue with one of their researchers.
I’m so with Peter, 100% into bitcoin but I’m interested in Monero because of its privacy I also like that bitcoin is not private so I can see a world where bitcoin and monero are the global currency…
Appreciate hearing a self-critical conversation from within the Bitcoin ecosystem - the two extremes of dogmatic anti-Bitcoin criticism or weird in-group ideology (aka toxic maxis) are normally all that's available. There can be alternate and more open Bitcoin cultures/subcultures, and if sound money is to onboard the other 98% of humanity it needs to be done without that baggage. Time to start building those cultures.
Did he ask him about pumping Luna right up to the last day of the ponzi? Or how he makes his money? Why he happens to promote so many tokens on Twitter? If not the podcast isn't doing its job today. Udi's view is meaningless without addressing the fact that he probably makes his living promoting bitcoins
Hey, renBTC is significantly better than wBTC, in my opinion. rBTC is more decentralized not controlled by a small federation. Plus, renBTC could be useful for acquiring BTC without KYC. As a one time maxi, I looked into it recently and I found it a very interesting protocol and pathway.
How the hell would OpenSea accept lightning? You need the auction and NFT contracts deployed on the chains for the currencies you want to accept. If you send lightning BTC to OpenSea the NFT contract needs to update the contract to list the owning address which in this case would be a Lightning address? Doesn't even make sense.
Udi, we collect rare pepes, fake rares, dank rares, and all sorts of other XCP (counterparty) assets using Bitcoin. There is a decent amount of volume in Bitcoin.
Maximalist comes from revolutionary Russia, where there was a broad range of approaches, from reform to total revolution. The maximalists like the Bolsheviks didn't care if the lives of the workers got worse - they wanted revolution or nothing. Thus, they repeatedly sabotaged any movement towards gradual change, or change that wouldn't result in a total overthrow of the economic system. In general, maximalism does not compromise, and seeks total victory for its side. While maximalism has a dark history in politics, it can be applied reasonably outside of political power. If one believes that in the long run Bitcoin will be they only successful crypto asset for logical, justifiable reasons, then why not say so? It has nothing to do with having a bad attitude - it's simply certainty. Nothing wrong with arguing your case to the best of your ability. The slavery abolitionists were maximalists. Good. The alcohol abolitionists were maximalists. Bad.
It's not that people don't want to be associated with scams, but that people don't want to promote things that they believe are scams.... So I didn't walk away from Bitcoin because OTHERS thought it was a scam, I do walk away from NFTs because I believe it is a scam. Udi is just impatient. He also doesn't seem to understand tradeoffs and he doesn't care. "Most things probably are a scam, but there are things there that are real and we shouldn't ignore them"... You are telling people to enter a field of scams and not giving any more guidance that "some of them are not scams, go ahead, buy something". Why not talk about what ISN'T a scam, how you evaluate it? -- Because you know that if you were wrong, you will be quoted and you don't want that. That also means you don't know what you are saying is true with any certainty. That means you are pushing people to do things so that YOU can see how it evolves... You are treating people like guinea pigs.
Nice to see slightly different points of views on the same subject with common sense. No one is right always and you should remember it, there were countless companies that people believed will never fail, they did. We had countless means of exchange and they all failed, bitcoin may serve us well for a long time but taking it as the only saviour is probably not the best approach.
I find it strange that Udi can’t define maximalism very well while having people identify him as a maxi. He could make an argument that the alt-coin space is a casino space which is fine if people are aware that it is, no moral judgement needed. I guess Bitcoin is risky as well but not as risky as most. Keep the lines clear and the message clear, don’t put sunglasses on your laser eyes! Ha!
No smart money would invest in one thing. I think you should have a good Risk Management Portfolio. I think you should be diverisifed across (Stocks, Bonds, Index Funds, Metals, ETF's, Crypto, Cash, Real Estate, Business) But a Bitcoin Maxi would say get rid of it all and your chairs for bitcoin.
Crypto, save Bitcoin, has a Ruler(s) that can change its charter by decree! Good, Bad or Indifferent… as does the currencies of all countries. Fiat anyone? Difference? Am I missing something?
This episode was terrible. The introduction was very meandering and esoteric. Felt more like a wagon-circling semantics debate than digging into anything substantive. This pod was better when it did less episodes versus trying to rapid fire upload as many episodes as possible, despite the quality of the content.
So bizarre that many people's framework is based around "not discriminating", who proudly say "my only standard is that I will not tolerate people who have standards" What a totally debased moral framework. Not real personal moral virtue like honesty, temperance, loyalty, bravery etc, no you just have to treat everything as if it's the same, even when it isn't.
Why we need to care about other peoples financial choices? Let everybody do whatever they want, if theyre stupid they will lose and learn, id they are too risk averse they wont gain much, rinse and repeat
Udi encouraged investments in LUNA right before the rug pull.
Enough said.
Oh, really!
Show receipts - Link me the tweet or video where he shilled LUNA.
Nobody knows Exactly what is going on or going to happen in the crypto space... What I've noticed even the experts Willy woo, Udi, Tone or Peter etc..... They learned over time and can only predict or understand what is going on through your/their own Due Diligence in the crypto space...After a while ( 4th-6th year) you get your own flow of understanding it and make the best educated guess you feel comfortable with... Everyone will be wrong eventually, but most times it ends positive in one way or another, besides Hacks and huge loses, even then we learn..... Anything these guys do or say should only be takin as education that YOU and only YOU decides what to do with your investments through experience. The space is moving so fast even the 10 year veteran will be challenged with most of their decisions.
Actually not true. Udi did a podcast with Do and raised skeptical issues. He said he hoped it would work, but made the point it was very risky and wouldn't buy it
I admit I love 'bitcoin maxi' podcasts, but What Bitcoin Did, Peter and Danny are relatable and feel 'real' world. Never miss a show. Great work guys, please keep it up!!
Once again, this proves that Twitter isn't the right place for some conversations. Udi was more reasonable in the Pod, than he is on Twitter. Rather than trolls, approaches like this could help on Twitter.
Thanks Peter for having an open mind and letting Udi on. Would love similar conversation with non-bitcoin maxis.
Yes. Max Keiser spent a lot of time saying that Luna was bad and that Celsius was bad. And he was right.
It’s hard to take someone seriously when they wear sunglasses inside lol
Could be security influenced and uses his retinas/face as 2FA?
Totes agree. It’s so stupid.
Misinformation under the disguise of shit posting deserves no respect. Just riling people up for engagement farming, zero respect for such people
Exactly. Ironically, this is the second recent interview where the guest seems to have the same nefarious goals - both wearing shades lol
He seems much more reasonable on Podcast, compared to Twitter. His takes on Twitter are not helping anyone, he is just engagement farming..
I enjoyed this session.
Agreed. Wish he would portray this image more.
Twitter morphs people in to actors.
Thanks for reminding me why I blocked Udi on Twitter. 👍👍
Not sure why people are hating on Udi, I don't disagree with anything that was said here. I enjoyed the discussion.
Hats up to you Peter - This episode demonstrates so much more growth and maturity. You've come a long way from the screaming fits with the historical posts on Twitter e.g., with Elon
Remember bear markets create bitcoiners.
Look how easy it is for Udi to say “Yes if the protocol gets hacked then people will lose money”.
Hate these people who know the risks and know that people might loose money and still choose to advocate shit coins.
Not everyone has 100s of hours to understand the importance of Bitcoin.
It all comes down to how many(sane) people are talking about Bitcoin and it’s benefits.
Yes it's easy to say because it's true. He's making a point, did you miss it?
lol, "someone might lose money" is not a reason not to invest or else there would literally never have been any investment in anything.
Idiotic.
@@jdg9999 The best way to find that balance between saving and living is by investing, This way you get to have your saving intact and then live comfortably off the revenue coming in from your investments. Financial freedom is possible, you just need to know what to do and when to do it. I am a living testimony.
Thanks for the broader content lately. It helps me try to be grounded and a better human. Echo chambers, at some point become defining.
I usually don’t comment but what you said about getting people criticising you for being open minded reminded me of the old “silent majority…” adage, so here I go:
Great conversation, appreciate the balanced, reflective and truth-seeking thoughts!
Keep up the good work!
Whilst I'm in favour of discussing different perspectives and 'non-maxi' guests, I didn't feel Udi added much of value here.
The fact that the other coins get a crapload of adoption can easily be explained away by the huge venture capital behind them, the economic incentive to build a new coin, and the massive advertising campaigns these shitcoiners have.
Bitcoin is moving at a normal, sane pace because it doesn’t have any of this shit
Thank you for the show Peter!
I’m learning a lot from the podcast and you have a great set of guests that are personally helping me understand Bitcoin. I got in the space last year so catching up on what’s happened over the last 13 years. This was a great episode!
I consider Bitcoin as money and crypto as investments; I don't know why this is not widely accepted
One/First reason, because BTC has Halvenings and all other Cryptos just follow.
Good for you. Have fun staying poor with the shitcoin casino.
Udi understands and explains the nuance I this subject really well. Good pod.
no he doesnt, he says basic generalizations to support his narrative
Nice one guys... Holding the line on logic and common sense ✌
I enjoyed this conversation.
Thanks guys, made me feel like a missionary in two worlds. The old and new maybe even "Number go up!' world!
I like Peters analogy about Bitcoin being a landline phone and eth/sol being mobile.
Again with the shades Smdh. Admission: I stopped watching this interview on UA-cam and went to Spotify because of it lol
Udi blocked me. What was my big crime? I muted him 🤷♂️
I don't know if this guy is trying to confuse others with his loose definitions and ideas (implying we can't form consensus) or if he's confusing himself.
How has his Luna shilling and calling Luna critics idiots played out?
"nothing can be described without describing its context" - Alan Watts
Why is Peter Schiff's face on the lower right hand corner of the TV in the background?
Peter you should be uploading short clips of the interviews. So much messages maximalist need to listen… and in general helps to spread the message. And pomp does it, bastard! 😂
Avoid inviting clowns on your show please
Udi says maximalism is ok but it doesnt work. How does he know that? He then says hes not talking about market caps or price. ok, so he immediately describes a subjective point of view that in his perception it doesnt work. fair enough. Tell me why massive percentages of fresh "crypto/nft" inflows ride the roller coaster life cycle only to eventually be absorbed into BTC market cap? It appears to me that people who realize gains would prefer to store them in bitcoin or those who have been burned and maybe even loathed certain old head bitcoiners would take their lumps and realize the fundamental differences of btc and "everything else"... I don't think u can officially be a maximalist without also prescribing to the "everything else" narrative which is why i align more so with Peter in that I allow certain openness to things like stable coins or even privacy coins and I simply prefer to opt out of any other chain because I believe it's all a bit too risky for me to speculate on the certain few winners in the crypto tech company sphere (which is what 99.9 percent of these things are)
Good one, Thanks 😊
🔥
@3:25 BTC: the religion. Yes, precisely; religion is a most proper use-case for BTC. Just as proper as science, or mathematics. Ultimately, BTC asks for humanity to have faith in itself, collectively (for BTC to continue). In other terms, if you think humanity has any value, then BTC is a statistical scoreboard of humanity's cooperative value.
I’ve been binging Bitcoin education since 2018. THAT is what it takes to be successful.
This dude made not one single conclusive point and just talked in circles. Kamala Harris like word salad.
The thing about word salad, is it kind of has to sound esoteric enough to trick you for just long enough for the soundbite to be over, like AOC can do it quite well, but Kamala just sounds retarded from the get go. Would IMHO be the dumbest person the deep state has put in that high a position in the US Govt. Just unbelievably stupid.
i mean bitcoin was supposed to be anonymus right? that was the ogs cypherpunks vision like satoshi
Bitcoin Maxis save me from loosing everything i have been accumulating for almost 2 years. If it wasn't for those Maxis, i would've left my coins in Celsius. I owe Bitcoin Maxis a lifetime of gratitude. One of your worst guest Peter. He either doesn't know what is talking about or clearly dishonest and a promoter of scams.
We need more labels. May I suggest maxi-lite, maxi-max, maxi-min and maxi-pad?
Udi screams insecure.
You scream "hurt"
What??! When and where?? Udi screams pure credibility imo.
That's critical thinking right there
@@theguy9067 I don't have a dog in the fight so nothing to get hurt over. Udi exhibits classic traits of personal insecurity. Period.
He makes statements without any data or reasoning. "Bitcoin isn't growing in popularity as fast as other coins". Thats it, no explanation or data bo backup his claim.
omg thank you, you can tell this guy spends a lot of time having these conversations with himself.
I appreciate that Udi is advocating for the Dan held approach. That form of maximizing BTC is very helpful. basically, You catch more bees with honey than vinegar
Don't through all NFTs under the bus. The jpeg NFTs ok, there is an argument that they are a scam, but you can do many more things with NFTs.
can you have someone on from the Trail of Bits team that released the report "Are Blockchains Decentralized". You had a nice conversation about maximalism, and i would really enjoy the same kind of open dialogue with one of their researchers.
I’m so with Peter, 100% into bitcoin but I’m interested in Monero because of its privacy I also like that bitcoin is not private so I can see a world where bitcoin and monero are the global currency…
Appreciate hearing a self-critical conversation from within the Bitcoin ecosystem - the two extremes of dogmatic anti-Bitcoin criticism or weird in-group ideology (aka toxic maxis) are normally all that's available.
There can be alternate and more open Bitcoin cultures/subcultures, and if sound money is to onboard the other 98% of humanity it needs to be done without that baggage. Time to start building those cultures.
So now Peter have started interviewing tolls? Disappointed
Did he ask him about pumping Luna right up to the last day of the ponzi? Or how he makes his money? Why he happens to promote so many tokens on Twitter? If not the podcast isn't doing its job today. Udi's view is meaningless without addressing the fact that he probably makes his living promoting bitcoins
Hey, renBTC is significantly better than wBTC, in my opinion. rBTC is more decentralized not controlled by a small federation. Plus, renBTC could be useful for acquiring BTC without KYC. As a one time maxi, I looked into it recently and I found it a very interesting protocol and pathway.
you can tell this gentleman Udi is not a bitcoiner simply by his muddy thinking.
If he made a point, I sure as hell missed it!
How the hell would OpenSea accept lightning? You need the auction and NFT contracts deployed on the chains for the currencies you want to accept. If you send lightning BTC to OpenSea the NFT contract needs to update the contract to list the owning address which in this case would be a Lightning address? Doesn't even make sense.
Udi, we collect rare pepes, fake rares, dank rares, and all sorts of other XCP (counterparty) assets using Bitcoin. There is a decent amount of volume in Bitcoin.
TY
Peter- Simon Dixon interview please.
Maximalist comes from revolutionary Russia, where there was a broad range of approaches, from reform to total revolution. The maximalists like the Bolsheviks didn't care if the lives of the workers got worse - they wanted revolution or nothing. Thus, they repeatedly sabotaged any movement towards gradual change, or change that wouldn't result in a total overthrow of the economic system. In general, maximalism does not compromise, and seeks total victory for its side. While maximalism has a dark history in politics, it can be applied reasonably outside of political power. If one believes that in the long run Bitcoin will be they only successful crypto asset for logical, justifiable reasons, then why not say so? It has nothing to do with having a bad attitude - it's simply certainty. Nothing wrong with arguing your case to the best of your ability. The slavery abolitionists were maximalists. Good. The alcohol abolitionists were maximalists. Bad.
A hat and sun glasses indoors :)))
Lol dude is a straight up snake/scammer. Hard to have an honest discussion with a dishonest person
Pomp not allowing to use Bitcoin for Bitcoin Pizza was extremely contradictory to his whole ethos and a slap in the face to BTC being a currency.
Let's see... Udi is sending people down the wrong path these days.
I hope this isn't just bull excrement.
It's not that people don't want to be associated with scams, but that people don't want to promote things that they believe are scams.... So I didn't walk away from Bitcoin because OTHERS thought it was a scam, I do walk away from NFTs because I believe it is a scam.
Udi is just impatient. He also doesn't seem to understand tradeoffs and he doesn't care.
"Most things probably are a scam, but there are things there that are real and we shouldn't ignore them"... You are telling people to enter a field of scams and not giving any more guidance that "some of them are not scams, go ahead, buy something".
Why not talk about what ISN'T a scam, how you evaluate it? -- Because you know that if you were wrong, you will be quoted and you don't want that.
That also means you don't know what you are saying is true with any certainty. That means you are pushing people to do things so that YOU can see how it evolves... You are treating people like guinea pigs.
Don't give these people an audiance
Does Udi even like what he has become?
Nice to see slightly different points of views on the same subject with common sense. No one is right always and you should remember it, there were countless companies that people believed will never fail, they did. We had countless means of exchange and they all failed, bitcoin may serve us well for a long time but taking it as the only saviour is probably not the best approach.
I find it strange that Udi can’t define maximalism very well while having people identify him as a maxi. He could make an argument that the alt-coin space is a casino space which is fine if people are aware that it is, no moral judgement needed. I guess Bitcoin is risky as well but not as risky as most. Keep the lines clear and the message clear, don’t put sunglasses on your laser eyes! Ha!
Amazing Conversation.
Imagine giving this guy a platform
No smart money would invest in one thing. I think you should have a good Risk Management Portfolio. I think you should be diverisifed across (Stocks, Bonds, Index Funds, Metals, ETF's, Crypto, Cash, Real Estate, Business) But a Bitcoin Maxi would say get rid of it all and your chairs for bitcoin.
Why is he wearing sunglasses inside?🤣
Self censorship is censorship.
If you want to talk with Peter Todd, talk to him
Religion is certainly a hell of a drug for some people. It's important to always be learning, looking at new things, and come to your own conclusions.
Is Udi high all of the time? Never seen him without shades
I’d actually have more respect for him if that were the reason lmao. Just a stupid “branding” ploy
Crypto, save Bitcoin, has a Ruler(s) that can change its charter by decree! Good, Bad or Indifferent… as does the currencies of all countries. Fiat anyone? Difference? Am I missing something?
Bitcoin became to valuable to risk loosing on these protocols that are all susceptible to hacks.
Bitcoin became utterly useless *
Build on what Bram Cohen is building. Best of all worlds.
This episode was terrible. The introduction was very meandering and esoteric. Felt more like a wagon-circling semantics debate than digging into anything substantive. This pod was better when it did less episodes versus trying to rapid fire upload as many episodes as possible, despite the quality of the content.
4:22. Therein lies the problem with labels.
ps: ETH included
I don't understand people who are trying to trade… Cross Staking is much more profitable!
I think Udi thinks we are just princesess. But not us, we need to go for it!
So bizarre that many people's framework is based around "not discriminating", who proudly say "my only standard is that I will not tolerate people who have standards"
What a totally debased moral framework. Not real personal moral virtue like honesty, temperance, loyalty, bravery etc, no you just have to treat everything as if it's the same, even when it isn't.
The age of "equality" - Aristotle would laugh at the stupidity.
oh the classic "bitcoin is a store of value BUT..." nonsense
sunglasses indoors :/
Why we need to care about other peoples financial choices? Let everybody do whatever they want, if theyre stupid they will lose and learn, id they are too risk averse they wont gain much, rinse and repeat
Udi is a disingenuous narcisist of the worst kind.
Wtf he has hairs??? I though you went bold
😎
Definitely disagree with Udi.
Discussing Bitcoin Maximalism with a shitcoiner lol
Udi is not a bitcoiner anymore he’s poisoned the space
This is an apology tour for sh-tcoining. No signal here.
Hard to trust someone that hide behind sunglasses with the excuse that it’s cool.
This is embarassing and pathetic
This one was pretty boring.
Convince real Economies
Udi is a clown
Toxic extremism.
Sunglasses again. All I need to know. Insta-skip.
unsubscribed
meathead bitcoin fan boys. Geez
You can't build on Bitcoin.