@@davidschell3120 Yeah 100% hangs out on twitter way to much being spoon fed reinforcing posts. You can track these things over time. Farage is not going to be at the head of the UK, such a weird statement
Great interview, Luke is awesome to listen to. I agree however with the other comment on this; Erik clearly has more homework to do on bitcoin, he clearly doesn’t understand it given the comment about proof-of-work. Erik…go and read Broken Money by Lyn Alden, theres a whole section in her book on why proof-of-stake fails if used as a basis for apolitical, neutral money for the world. It’s not that complicated, please put in the time to research more on that.
The context of the gold vs bitcoin "debate"/decision should be -- first, personally, you DIVERSIFY, as in all investment scenarios. Then, you discuss honestly how each has its advantages and each has its vulnerabilities. And you should be able to delineate and evaluate together what these are, and under what scenarios you will be glad to have diversified and made best guess allocations. Beyond that, Luke is the best for peering into a cloudy future and giving us more context to such scenarios. He does not seem to be talking his book, except as he has already diversified over several such scenarios that we tend to agree upon, including those Swans of a darker color.
100- it shows either a massive blind spot or just a lack of intellectual curiosity. He’s clearly not been watching the terminal decline of all proof of stake networks against BTC
A completely private cryptocurrency can work but will always remain a niche- it can never be embraced and can never be big enough to serve as a world reserve asset
@ you make a fair point. a fully transparent ledger may be ideal for governments. But for individuals and companies the risk of inadvertently receiving “tainted” coins or being extorted is real. Worth understanding the risks.
Can you please already have a video to along with this? It's not that hard with making AI make a cartoon version of the speakers with charts also generated by AI if needed. Final amount of added work will probably be like 1 hour of 1 human per ep on average
Anyone who allows commentary risks giving the noticers a voice. Sooner or later, probably sooner, some noticer or group of noticers will call out the communist jue criminal traitors destroying America and the world. The go...y im know.
It’s probably because the USD did crash but it didn’t crash as fast as other currencies . The U.S. dollar is only strong vs other currencies , vs everything else it’s going down ! Hence you see record high sp500, gold, bitcoin ,etc even with almost 5% on 30years ! It’s unheard of …. It’s a crack up boom . It’s a currency crash . And it’s a big one . Luke is 100% right .
@@MegaBoolaBoola Depends which year you take in the last 4 and what a dxy down means to you . 90 in 2021 . Range of 100 to 115 the last 3 years shrug . Today it’s an upside at 110 🤷🏻.
I keep a healthy amount of short ETFs in my portfolio at all times. Not so much I'm loosing money overall when markets rally. However, when market falls these shoot up and cover all my losses. In August, shorts covered all my losses and I sold. and used proceeds to buy longs which shot up afterwards.
By allowing merchant pricing to be stated in both legal tender and in auction-based cryptocurrencies, such as BTC, KAS, and the like, expands business activity, disciplines the legal tender, and offers the possibility of separating the domestic legal tender currency and the faux currency, whereby the legal tender currency operates more in the international realm and the faux currency becomes the default "common domestic currency." Domestic taxes, such as an excise, can be built into any transaction, whether retail or peer-to-peer.
Isn't DOGE supposed to recommendations to the administration by July 4, 2026? Or did they change that? Because if they didn't, DOGE will have no impact on the first 2 years of policy.
so judging on how we're all so mum on the fact they're probably leveraging fort knox ... the extent this seems to be covered up... it would make it seem 10x a bit .. paltry . anyone do actual calculations? because mine say... over 50k/Oz. .. so.... ????
@johndoe1.196 all his failed businesses suggest otherwise. His only saving grace for all his criminal behavior is he's too incompetent to actually do any of the things he's accused of - like collude with Russia. They certainly tried. How did he do with draining the swamp and fixing the budget his first term? Don't kid yourself. Three marriages. Two impeachments. I guess a lot of assh0les like him though - if you think that's a big win
Your take on PoW is HORRIBLY misguided. The energy usage component is directly responsible for the SECURITY of the network. Cheering for Ethereum over BTC for a neutral reserve asset is beyond ignorant.
Gromen has become such an arrogant stuffed shirt! It’s time to start fixing the deficit and fixing the Government. His answer is to destroy the working and middle class and pump his investments.
Of course he does, if we returned to sound money all of these fools would be out of a job. They have no skill set, their entire industry was created by currency’s and their counter party risk.
I'm not a crypto guy but W Street/ Phenta Gone clearly hyjhakked it, but if BC couldn't withstand that, then better to know now so it's not adopted by humanity.
Yep. Monero is actually private and fungible. BTC maxis are leaving a public trail for surveillance of all their financial transactions *forever*... but whatever. People will figure this out eventually. 😅 ua-cam.com/video/wq6w03E2DS4/v-deo.html
Doesn’t sound scammy to me but what he is saying about bitcoin might sounds conspiratorial if you haven’t been following the development closely - but as Erik said it could be a complete game changer. To me he sounds like someone who is thinking deeply out loud and allowing us to hear his thoughts. He was laying out different scenarios that could happen.
@@nathapolw ok but that word salad that he is throwing out is very sales Manish. Specially dragging out the end of words is like he is making up things along the way.
Luke is the best.
Eric has drunk the coolaid, but Luke did not bite. Luke is my hero.
Yep, I am finding harder and harder to listen to Eric. Guy going down a dark hole.
@@davidschell3120 Yeah 100% hangs out on twitter way to much being spoon fed reinforcing posts. You can track these things over time. Farage is not going to be at the head of the UK, such a weird statement
What do you mean?
Great to hear an interview with Luke Growmen where his ideas, and unusual rhetorical style, is challenged by great questions. Many thanks. Jason 🇦🇺
Luke starts at 4:00
Thank you, Erik. Luke is a great guest.
where can I find more geniuses like Luke Gromen . srsly I need to know
I see Luke and I click.
Great interview, Luke is awesome to listen to. I agree however with the other comment on this; Erik clearly has more homework to do on bitcoin, he clearly doesn’t understand it given the comment about proof-of-work. Erik…go and read Broken Money by Lyn Alden, theres a whole section in her book on why proof-of-stake fails if used as a basis for apolitical, neutral money for the world. It’s not that complicated, please put in the time to research more on that.
He probably has read her book
Gold is also proof of work Eric
Some people can't grasp the importance of physical reality.
Bitcoin uses more energy for 1/10th the market share
Very good, thanks guys
The context of the gold vs bitcoin "debate"/decision should be -- first, personally, you DIVERSIFY, as in all investment scenarios. Then, you discuss honestly how each has its advantages and each has its vulnerabilities. And you should be able to delineate and evaluate together what these are, and under what scenarios you will be glad to have diversified and made best guess allocations.
Beyond that, Luke is the best for peering into a cloudy future and giving us more context to such scenarios. He does not seem to be talking his book, except as he has already diversified over several such scenarios that we tend to agree upon, including those Swans of a darker color.
Hahahaha Erik questioning proof of work in favor of Ethereum tells you everything you need to know.
Does it really matter? Cryptos ultimately have zero value until the world hegemon decides to make one their only currency.
100- it shows either a massive blind spot or just a lack of intellectual curiosity. He’s clearly not been watching the terminal decline of all proof of stake networks against BTC
@@jacquesreilly1850yes it does
Eth ran off 90% of their user base switching to proof of stake
Incredible how big of an idiot he is on BTC
Luke!
Love Luke. I wish he was aware of the financial surveillance risks inherent to Bitcoin. ua-cam.com/video/wq6w03E2DS4/v-deo.html
A completely private cryptocurrency can work but will always remain a niche- it can never be embraced and can never be big enough to serve as a world reserve asset
@ you make a fair point. a fully transparent ledger may be ideal for governments. But for individuals and companies the risk of inadvertently receiving “tainted” coins or being extorted is real. Worth understanding the risks.
@@GreatestAudioBooks true, one has to be vigilant about not getting doxxed
You are lost as Eric
@@GreatestAudioBooksYou're right.
L2 and L3 are much more private.
Privacy on L1 is not desirable because it has to be auditable.
Eric. When you talk about proof of work and eth is better. It made me want to drive into oncoming traffic. Missing the boat. Great episode though
Forever wars, unregulated immigration and hyperinflation paired with crushing debt are the existential threat.
It’s called Fiscal Dominance
Great stuff, thanks again!
Let's go Bitcoin, to infinity and beyond 😅
Internet numbers, YAY!
Can you please already have a video to along with this? It's not that hard with making AI make a cartoon version of the speakers with charts also generated by AI if needed. Final amount of added work will probably be like 1 hour of 1 human per ep on average
Starts at 3:30 - you're welcome
Luke, please allow comments on your you tube channel. Why not?
Anyone who allows commentary risks giving the noticers a voice. Sooner or later, probably sooner, some noticer or group of noticers will call out the communist jue criminal traitors destroying America and the world. The go...y im know.
See what I mean.
Great question at 37 mins.
To be fair, every year for the last four years, Luke has predicted a USD crash. The DXY is up 20% over that period; a big move for a currency.
It’s probably because the USD did crash but it didn’t crash as fast as other currencies .
The U.S. dollar is only strong vs other currencies , vs everything else it’s going down !
Hence you see record high sp500, gold, bitcoin ,etc even with almost 5% on 30years !
It’s unheard of ….
It’s a crack up boom .
It’s a currency crash .
And it’s a big one .
Luke is 100% right .
@@sivi9741 When Luke says, "Dixie down," that means the DXY. Still think he has been right?
@@MegaBoolaBoola
Depends which year you take in the last 4 and what a dxy down means to you .
90 in 2021 .
Range of 100 to 115 the last 3 years shrug .
Today it’s an upside at 110 🤷🏻.
@@sivi9741 My point is that if you started shorting DXY when Luke started saying this, you have lost money, about -18%.
Luke didn't even mention ETH.
He should have educated Erik on that.
I keep a healthy amount of short ETFs in my portfolio at all times. Not so much I'm loosing money overall when markets rally. However, when market falls these shoot up and cover all my losses. In August, shorts covered all my losses and I sold. and used proceeds to buy longs which shot up afterwards.
By allowing merchant pricing to be stated in both legal tender and in auction-based cryptocurrencies, such as BTC, KAS, and the like, expands business activity, disciplines the legal tender, and offers the possibility of separating the domestic legal tender currency and the faux currency, whereby the legal tender currency operates more in the international realm and the faux currency becomes the default "common domestic currency." Domestic taxes, such as an excise, can be built into any transaction, whether retail or peer-to-peer.
"16 cooks in the trump administration"😂😂😂😂😂😂😂😂😂😂😂😂😂😂
A reserve of internet numbers. Take that Russia & China!
Isn't DOGE supposed to recommendations to the administration by July 4, 2026? Or did they change that? Because if they didn't, DOGE will have no impact on the first 2 years of policy.
so judging on how we're all so mum on the fact they're probably leveraging fort knox ... the extent this seems to be covered up... it would make it seem 10x a bit .. paltry . anyone do actual calculations? because mine say... over 50k/Oz. .. so.... ????
But how does this relate to uranium, Mr Townsend??
All commodities suffer to some degree while the dollar is strong. They rally when it weakens
Doge doesn't have to mean gdp loss. You can offset bro spend on literally anything else
No one needs to sabotage Trump. That guy bankrupts casinos. It doesn't take a genius to do that.
As opposed to any other politician...
@johndoe1.196 so we agree he's incompetent
@@Erikpdx You don't stay wealthy & famous for decades and later become the president by being incompetent.
@@Erikpdx You might not like or agree with him, but he's not incompetent.
@johndoe1.196 all his failed businesses suggest otherwise. His only saving grace for all his criminal behavior is he's too incompetent to actually do any of the things he's accused of - like collude with Russia. They certainly tried. How did he do with draining the swamp and fixing the budget his first term? Don't kid yourself. Three marriages. Two impeachments. I guess a lot of assh0les like him though - if you think that's a big win
Luke barks a lot but lacks Eric’s huge balls to bite.
Your take on PoW is HORRIBLY misguided. The energy usage component is directly responsible for the SECURITY of the network.
Cheering for Ethereum over BTC for a neutral reserve asset is beyond ignorant.
Listening to Luke is like hearing a priest explain his strange religion. Bumped out.
It would seem strange if one is not following the development closely, I personally think he is connecting the dots.
He is just an idiot
Good convo but you clearly don’t understand proof of work 🤔
Ethereum makes more sense?!? Wtf
What could Democrats do to undermine Trump…..allow Trumps policies!!!
You are hilarious.
Gromen has become such an arrogant stuffed shirt! It’s time to start fixing the deficit and fixing the Government. His answer is to destroy the working and middle class and pump his investments.
Almost intolerable bitcoin bullshit here. Astonishing stupidity.
BTC new global RESERVE currency??! Holy crap, this guy has completely lost it if he thinks that's even a possibility. 😮
Luke wants the ponzi to continue.
Of course he does, if we returned to sound money all of these fools would be out of a job. They have no skill set, their entire industry was created by currency’s and their counter party risk.
Erik still a complete idiot about bitcoin, the years go by and he still thinks btc competes with the us dollar, btc will make the US dollar stronger😅
Every year bitcoiners try to justify a new reason to get others to use it. It's a solution without a problem.
Erik will buy btc at a million because he’s arrogant and stubborn.
Who is Satoshi Nakamoto? Read Hijacking Bitcoin by Roger Ver. #freeross
I'm not a crypto guy but W Street/ Phenta Gone clearly hyjhakked it, but if BC couldn't withstand that, then better to know now so it's not adopted by humanity.
Yep. Monero is actually private and fungible. BTC maxis are leaving a public trail for surveillance of all their financial transactions *forever*... but whatever. People will figure this out eventually. 😅 ua-cam.com/video/wq6w03E2DS4/v-deo.html
CIA ?
@ramrao668 not their field. NSA etc/Pentagon
You are lost, veer in jail
Why cant i listen to this guys sounds so scammy voice like some salesman that want to sell something. Am i the only one?
Doesn’t sound scammy to me but what he is saying about bitcoin might sounds conspiratorial if you haven’t been following the development closely - but as Erik said it could be a complete game changer.
To me he sounds like someone who is thinking deeply out loud and allowing us to hear his thoughts. He was laying out different scenarios that could happen.
@@nathapolw ok but that word salad that he is throwing out is very sales Manish. Specially dragging out the end of words is like he is making up things along the way.
So it’s just the sound you dislike but about the validity of the arguments itself ?
@@sivi9741 i don't know really it was hard to listen to and very unclear to me.
Gromen is wrong.
Amazing arguments .
More nonsense.
Japan is a classic case in point 😂🤣
They are all such cloistered BSers,have no basic clue how the economy works but they are great salesmen😂🤣selling BS w authenticity😂🤣