Had to shut off this video and downvote it about 24+ minutes in when you blamed the collapse of Argentina on Keynesian Economics. You completely ignore the role of rich people in the USA and other countries causing economic and military "mischief" in countries like Argentina because the original socialist government of Argentina would not bow down to their demands. South and Central America have an entire history of the USA and other countries interfering on the behalf of billionaires who want to own the entire infrastructure of said countries. Venezuela is another perfect recent example. They wanted to socialize some of their oil production to provide for their people and the oil industry went ballistic. Same with all the land. This video is totally disingenuous and comes across as propaganda. And you will probably have this post censored.
There is a simple answer to all the questions about bitcoin, Central bank have the power to print all the dollars and buy into bitcoin if they want to take control, them it will not be decentralized, and it is traceable. In reality has no function other than speculation and hope the price going up.
Not quite. A discussion of "risk appetite" and getting spending "under control" means there actually IS disposable income to be found. So there's a touch of crackhead logic as presented. Here's what wipeout looks like: pay basic bills, cut insurance to the bone [as in drop life coverage and health in order to afford car insurance], fill your gas tank and whatever is leftover is your menu choice at home - zero eating out, and good steaks are a thing of the past. Beer is a memory. We're not talking Suze Orman silliness here [like giving up lattes or whatever], but any little hiccup forcing a choice between paying water or electric bill and if the car breaks down you ought not pay to tow it [if you want to fix it this quarter] - parts alone will mean food off the table, so its a friend with a tow strap [you hope] or start walking.
I took ALLL my money out my bank… I have gold, silver, A goood amount of bitcoin, etheruem, XRP and some meme coins and CASH …. I put $1000 in my bank every month just to pay for my certain transactions that come out my account every month. Now I’m just waiting to see this game play out these next two years … because I do believe the future of crypto will play out for our ecosystem these next two years.
The problem we have is because Most people always taught that " you only need a good job to become rich. These billionaires are operating on a whole other playbook that many don't even know exists.
The only way to become rich/wealthy, is either to be the CEO of a major corporation, start a business that is very successful, or invest. But most think that saving is the way, because they either don’t understand how stocks work or they’re scared of losing money, and that will never make someone rich. Maybe after 10-20 years, they’ve saved a good amount. But they missed out on at least doubling if not tripling that money by not investing. Not even accounting for inflation and the loss of purchasing power.
Uy Ring up your credit cards, make a few payments and stop paying. Lol. Remember, your NOT spending someone's saved money, you are spending brand new credit into the system that was Created out or Thin Air by Law !!
SInce 1980, the U.S. middle-class has had HALF of their real wealth redistributed into the top 10%, and mostly the top 1%, and mostly again the top 0.1%.
Biggest redistribution of wealth in history happened during Covid. And it was wealth going from the middle class to the big corporations like Blackrock.... 💀
Yet nobody in the video mentioned the massive detrimental effects of Regan's revolution on the country. Bet this post gets censored. Anytime you mention Regan negatively censors kick in. But you can easily google all the stuff he did that led to the crisis we are in now.
Founder of bitmex. The first big derivative exchange in crypto. Everyone who has been in crypto for a while knows him. Bitmex has the best legendary crypto chat there is
Arthur is by far the most interesting guest of all time. I click on his face every time it pops up without fail because I know it’s going to be good. Knowledgeable and based af.
Black white purple who cares, it makes no difference, he's cool. Soon he will be talking about Kaspa. KAS is KING. If you don't know look it up. Its the future of peer-to-peer money.
Going through this and reporting all spammers as my good deed for today. 1/3 of the way through the video, Arthur is the real deal, as always great work Tom!
It’s an oversimplification. Taking on risk is not the same as gambling. Gambling is driven by immediate gratification, the complete opposite of informed decisions based on analysis and long term planning
@@violinsheetmusicblog- I hear what you’re saying, and agree that that’s a way to define “taking on risks,” however, I disagree with your oversimplification of gambling, or perhaps we’re playing with semantics now. “If you're not sure what you're doing, it's a gamble. If you know what you're doing, then it isn't a gamble, it's a calculated risk.” - Dave Trott (Campaign) Who can say whether or not someone knows what they’re doing in any given situation? Are they following someone else’s orders, or making sound decisions based on intuition? I’d say more often than not people gamble in their day-to-day lifestyle choices from how they eat, get to work, make purchases, etc., but that’s just what I think. 🤟😊
This is one of the first guys I’ve seen online, it’s not that I agree with a on everything he said, it’s that everything he said, had a rational and plausible explanation behind it. You don’t see this much anymore.
Very good point that we've lost the knowledge and experience of those who went through WW2. I remember how my grandparents used to talk about the importance of privacy and how we must make sure we never live in a 'papers please' society for example. It's for this reason that there was a huge debate here in NZ about even putting photos on drivers licenses, back in the day. Can you imagine that? These days it seems you need to supply multiple forms of photo ID for every single little thing or you can't even transact. And we let it happen because few seemed to care, because we'd lost that knowledge, we didn't understand the dangers. We've already lost our essential freedoms, but like Wylie E. Coyote after he's run off the cliff, most are totally oblivious to this fact right now, and will be, until suddenly gravity reasserts itself in the form of being demonetized and thereby depersoned. As happened to the truckers and their supporters in Canada not so long ago for example. Think it couldn't happen to you? Good luck with that! This is why we need Bitcoin & crypto. Not as a 'get rich quick' scheme, but to take back our essential freedom as individuals.
No institutional memory of how war is??? Bud - Korea, Vietnam, Iran/Contra/Columbia, Gulf Wars, Bosnia, Afghanistan - there are plenty of people in the US who have institutional knowledge of war.
You misinterpret the concept of institutional war he is referencing. This topic has been talked about from various perspectives. If you are interested in an informative read, you might like the book: NATO's Lessons in Crisis: Institutional Memory in International Organizations' Author: Seth Johnston
I agree that iykyk but if he's referring to the US as an institution, many in USA do not remember or ever felt actual effects of war, nevermind actual measures of austerity. From my understanding of institutional knowledge loss I think that's what he means. Really only NYC in 2001 experienced real effects everything else was overseas and out of collective minds unless directly/tangentially involved.
He’s actually referring more to the people as a whole. The Vietnam conflict as well as Afghanistan are not the same as WW1 or 2 in the effects they had on society at home. This isn’t just an American issue. The world has seen longer sustained peace than it ever has and the population is woefully unprepared for what is to come.
@@jackiekevinsunny Institutional memory is often defined as "the stored knowledge within the organization. Within any organization, tools and techniques will need to be adapted to meet that organization's needs. These adaptations are developed over time and taught to new group members, keeping them from encountering the same problems and having to develop a solution that already exists. In this way, organizations save time and resources that might otherwise be wasted. For a long time, almost all Western Countries have not prioritized the Institution of the Military as these countries once did. Should there be a major world conflict to ramp up the Institution for Defense should the need arise.
The US and European citizen perceive war as something on TV now far from their lives. The societal threat of everyone you know dying is almost gone. The cold war was the last time anyone in the US felt the effects of war.
Tom is one of the BEST interviewers… he asks great questions and knows how to extract knowledge from his guests. And I appreciate his honesty in saying when he doesn’t understand something. However, I do have to say that I’ve always thought gold revaluation was part of the plan and was surprised that he couldn’t wrap his head around it. Go Tom… Go Author!
Thank you for this interview! I've been working on improving my financial literacy the past few weeks. I'm only 20 minutes in and it's finally making sense in a way that all the other resources haven't yet!
Got mad respect for you, Tom; however, I would like to offer a suggestion regarding your approach to addressing hangovers. Perhaps we could explore alternative methods that prioritize holistic health and well-being rather than relying on probiotic drinks as remedies.
So grateful for your content…I was wondering who this guy was then ended up doing a quick look into his credentials 🤦🏽♀️🤭🙏🏽🙌🏽WOOOW!!! Amazing:) I have so many emotions related to what happened to him I swear digital is global and these governments need to evolve and support innovation instead of trying to keep us all poor IJS! clearly he’s been a talented and well respected financial forethinker beyond his years
The point about the loss of institutional memory as to how bad war is - is incredibly salient. We have lost the generation that said "lest we forget" and have, as a result, forgotten.
NEVER keep your money in the BANK. As an X Banker and Finance and Thrift manager I know the wicked history of Banking. My parents in 1939 at the start of the GREAT Depression when 9,000 Banks shut their doors and did not reopen until 10 years later robbed my Father and Mother of their savings then the Internal Revenue Goons came in and brook off the locks of every customer's safe deposit box and took my parent's Gold, Silver and Moms Jewels then their Bonds. We moved into a shack on the beach, and I was raised on Goat milk. My father was a doctor and had to join the navy so he could send money home to mom to feed me, my brother and two sisters.
The entire Canadian parliament forgot who defeated the NAZIS -- and they support the Nazis now, and even cheer one of the NAZIS who killed and tortured the WEST and Russia in WW2. Yes, we have forgotten and need to learn the lesson again.
How did they pay for the lockdowns? Answer, we are now with inflation. The QEs of last decade didn't flow into the REAL economy instead into the FINANCIAL economy. Velocity in the inflation equation had changed, so SUPPLY of money did not give inflation because it didn't chase goods and services. It' took 30 yrs to build the supply chain & 2 yrs to intentionally break it to create a BULLWHIP inflation effect. NEGATIVE RATES means the holder of the bond has to pay to hold it( NIRP). DEFLATION is the one thing the central banks fear the most. The great sag, the great depression, last decade - all deflationary. Last decade post-GFC, NIRP was an unusual way to counter it. Q: what value of a negative rate bond as collateral does it have? Sept-2019. 7:27
In Argentina, Milei is honoring 100% of debt commitments even though he received crazy levels of debt and maturity profile. Balanced budget, stopped printing increased debt value from 20cts to 55cts to the dollar. Activity went down by 5%. That is the pain to gain back the value of trust on local currency. All in 100 days.
@@mtrest4 Goldman advices tens of governments in the word on their debt issues and restructuring. And that obviously has nothing to do with being or not CIA plant.
The final test of bitcoin is when lots of people start to actually use it as money, not just a trading vehicle. If millions of people start to reject government currencies, that's when governments will really respond. Governments have soldiers and the ability to shut off the power grid, let alone the internet
@@al-moonyThe L1 can’t be at large scale. It will have to take place at L2s or another protocol can handle the medium of exchange issue. Digital property is perfect. It’s buying an apartment in Manhattan.
Yeah, right… Maybe you’re forgetting that the government runs on the power grid as well? Don’t be stupid. You obviously don’t understand how Bit Coin works. The shit is out of the goose and it can’t be put back in- world governments acting in concert may have been able to stomp it down in 2010 or 2011 if they all worked together, but there is literally no possible way that it can happen now, even if all the worlds governments united together to try to kill it… There doesn’t exist enough money on the planet to end bitcoin
@@dbanks128 it's a commodity like gold, oil, etc. You can build a layer 2 to use it as a currency, in fact that later 2 is already in development and in use for gold and Bitcoin (ie. Lightning network)
Arthur is one intelligent & well studied man. He is dumbing down his explanation so an eighth grader can follow the concept. He can't imagine that people do not comprehend the difference between a World War's devastation and a regional war.😮😂❤
Don't get me wrong, both the other guests do a good job , but when they explain Bitcoin & the definition of money, they explain it by going all the way to the moon & back when it can be explained soooooo simple like this Man explains things❤😂
I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Kimberly Smith.
Wow. I'm a bit perplexed seeing her been mentioned here also Didn’t know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been super.
when someone is straight forward and good at what she does best. People will always speak for them. For me I can would say give Kimberly Smith of finance education a try and you be happy you did
People forget or never learned that Blackrock and the crypto brokers bought up all the supply around 10-12K. The house always wins. Even if people from every country bought in, the liquidity pool is only relative to the value of a local currency, inflation and the commodity being purchased.
On one hand, it’s hard to imagine BlackRock not rug pulling bitcoin before the next major ascent. On the other, though, they have to watch out for Michael Saylor. He is always waiting, like a piranha, ready to scoop up more bitcoin once it drops by more than a certain percentage. He’s got the cash, credit, patience, and platform of attention to turn their lights out on bitcoin. And I hope he does. 😂
True Blackrock and brokers bought in the teens number for BTC. But they didn't buy all the supplies, it's still in the hands of the retailer. All they are doing is making money off the last 5% of Bitcoin's supply. You possibly could never rug BTC to zero again. 😂
What do you lose ? This is an interview, a conversation, not a lecture . . At least you're not shallow enough to get caught up in the size of his ears not being on par with your liking . . I happen to think he sets the table well . . And even backtracks here and there for a greater understanding . .
tom! i must say you have the most perfect questions, and arthur, i must admit you and tom are on a different intelectual level from the rest of the population! perfect questions and surprisingly perfect answers!! ❤
wasnt this episode from months ago? i dont say that hatefully, im just wondering if this is the same one i watched before or if its another episode with him. i feel like i remember this exact episode. its a great time to replay it, thats for sure.
Tom has had a few guests come back regularly - Eric Weinstein, Konstantin Kosin, Donald Hoffman, Robert Greene, etc. Most likely this is another guest he brings on multiple times
I disagree with living grass as an example of entropy. It is using energy of the sun to organize molecules. Turn off the sun or sprinklers then the grass will display entropy.
I think if you let it go to nature it would go wild as nature, sun and rain are in nature. Markets could go with nature but we use tools to keep it with certain boundaries. I thi k it’s a perfect analogy. Jungle vs manicured garden. Manicured garden needs to be tended to daily.
@@skyehennessey2857 nature has sunlight which provides the energy the plant uses to organize molecules. turning off the sun is not nature.and markets can still have sunlight without government interference
@@skyehennessey2857 Nature is not entropy, nature is using the energy of the sun to organize. Entropy is the disorganization that results from the input of energy. Stop making things up and study.
Basic long term benefit of real estate, you can borrow against it, it generally appreciates (against USD) and as its value increases you can borrow more fiat currency or other depreciating currency to transact. Also tax efficient in the US to borrow against asset to access liquidity (not taxed as income). The pro for btc vs real estate. Not nearly as expensive or time consuming to borrow against it or sell or buy. Stored value is still value. Doesnt have to be transacting. Having a valuable liquid scarce asset that you can borrow against or leverage is one use of stored value.
Preparing for the Impending Great Depression: Strategies for Thriving During The Great Reset. Wondering about the right timing for stock investments? Curious about the timeline for a complete economic recovery? Puzzled about how some individuals are generating over $450k in profits within months in the current market scenario? These questions have left me perplexed.
Yes, a good number of folks are raking in huge 6 figure gains in this downtrend, but such strategies are mostly successfully executed by folks with in depth market knowledge
A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
@@Karenowen-f9j How can I participate in this? I sincerely aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success?
I just looked her up on the internet and found her webpage with her credentials. I wrote her a outlining my financial objectives and planned a call with her
Multiple realities all co-existing at once. The reality you paint, you and you alone will perceive. As well as those on your same wave length and frequency. Wake up already.
bro thank you for your amazing comment. all i listen and think about all day is the quantum world we live in and create with our observation. double slit experiment.
@@eli_tha_runner Thank you for expressing that. It is extremely difficult for us to embrace such a reality. People can think about it on an academic level but to really sit with this at times can be terrifying but all so beautiful at the same time. I’m still in practice to remember and embrace such information on a realistic but peaceful level. As peaceful as I can. Once you understand what this truly means there is a big responsibility to carry and deliver such information but the sooner we all stop lying to ourselves the sooner we can all go through the withdrawal of ego attachments and allow love to guide our actions.
@@chi.chosen I don’t want to sound inappropriate or falsely reference anything. I will have to be honest and share that if you can simply open up and look at everything that is happening in the world, including those who are literally thriving when they’ve come from far less than favorable circumstances and whose experiences are completely opposite of what is being discussed here, some may say that is a “minority”. The funny thing is, we have all these clever justifications as to why not every single person shares these exact experiences. Including people who put their entire faith on “the numbers” which will forever constantly change. Has anyone ever wondered why that is? These are questions whose answers can only become revealed through what we call time. Which I might add is also another human construct and tool we use to measure the experiences that only exist in our memories. The only thing there ever was, is and will be, is called the now. I have dived very deep into mind utilizing all mediums, including psychedelics and although, yes people have written many books on these topics, it mainly comes to you as a feeling through experiences. Almost like learning a completely alien language but through these observations, we can realize that there are multiple realities all co-existing and helping to create this grand reality that we all share. So whenever I see videos online where people are concluding things as final and collapsing in on a specific narrative, although however clever and amazing this particular podcast may be as I do enjoy listening and hearing their experience as a small part of this grand reality, I also realize its danger to make such assumptions and lock people into certain kinds of expectations. There are many teachers and foundations including sciences that can help you to see deeper into what I speak of but I wouldn’t suggest it. I would only suggest enjoying your present moment, where you stand and observing any and all aspects of life around you. Even a flower has its own experience. Once you focus on the flower, your mind becomes the flower and it’s all you need to realize the limitless capacities of your imagination. As most of what people are quarreling over is literally just a figment of just that.
I lived in Argentina for 18 years or so after living in Germany, Barbados and Guatemala. I lived half my life in stable-ish countries and then I moved down south and holy shit... The incentives created by bad money and the destruction of morals, society and culture are on another scale. You can destroy a country by inflation in 2 decades or less if you wanted to. It's the worst form of warfare that the state perpetrates against the citizens. The state is a criminal organization that should never have control of the money supply. Bitcoin is my only hope for these dark times.
ETh, as the world computer, only works if it partners with and uses ICP, which is the only truly on-chain crypto, in my opinion if ETH doesn't get onboard ICP in a big way ICP will pass it up, But they would make a great partnership and have faster success together as ETh is the first and has the biggest community and ICP has the 3rd generation technology that Eth needs. Great questions for Arthur, two brilliant minds discussing the future.
It’s scarce because of its material properties. Golds price isn’t as high as it is because of utility but because of a high stock to flow and historical store of value. Golds intrinsic value being responsible for its current price is a silly argument others try to make.
@@derektomlinson6514 there isn't a single institution or government that owns even 1%. This could have been a life changing opportunity for you to get in before the institutions. I would be bitter too if I missed this boat. Sorry buddy.
Inflating the money system is not beneficial for asset owners. Let's say the asset increases exactly the percentage of the increase in money, then my asset had 0 real increase but I have to pay 25% taxes on the "gain". Of course it is still a lot better then holding cash in this scenario.
People with political connections can borrow against their assets, then will pay later with the devalued currency. They try to avoid selling their property to avoid those capital gains. But this creates it's own problems in the economy, because nobody wants to sell. Like real estate in New York, a lot of it isn't rented out, the owners just borrow against it's constantly increasing value.
Totally agree, he’s one of the few who I think understands the math plus blows me out of the water with the economics and world history , so always gets my undivided attention
I know how you feel. 😥 I speak English, but I want to learn Spanish, because I feel like I’ll miss out on a lot of information & social relationships if I don’t. - I will probably start learning Spanish later this year, after I reach 1-2 goals I’m working towards. - Maybe you do not understand what I say, sorry
You "want to learn English" yet you just wrote that sentence in English and are posting on a video podcast that's in English. Either you're a troll or a bot.
@@bazimyanI dont speak english aswell. I need to listen some sentences 2 or 3 times if he writes something in english it doesnt mean he understund everything in this podcast.
@pedromonkeypedro Yep. We'd enter into a huge deflation cycle. It'll never happen. The wealth own all the assets, and they'd have to watch the value of their assets collapse.
Agreed. It will still increase in value via network adoption but won't rise as quickly because its fiat denominator isn't debasing as rapidly. @@iVETAnsolini
@1:02:00 my thesis is on bitcoin and agree with guest’s explanation of the difference . There are efforts to use satoshis and mathematically, especially post quantum cryptography , bitcoin has to change when the value of mining and transacting changes dramatically , but have not yet seen something that mathematically can’t be hacked
ETH and BTC both will tumble ..ETH sucks the gas fees are ridiculous…BTC will just be used as a storage asset plus it uses too much energy to mine constantly.
I love crypto. Here's my issue that I've yet to hear an answer. The fed/govt is never going to lose control over financial systems. So, while they can't shut it down, they have control of the on and off ramps. As well as taxing it in anyway they choose
When someone says a computer network is “decentralized” they mean amongst humans, other species don’t use computers. Similarly, with gold - do you see squirrels digging for gold and wearing it as jewelry?
WARNING: I will never ask for your contact info in the comments section, that is someone impersonating me!
www.justice.gov/usao-sdny/pr/founders-cryptocurrency-exchange-plead-guilty-bank-secrecy-act-violations
Had to shut off this video and downvote it about 24+ minutes in when you blamed the collapse of Argentina on Keynesian Economics.
You completely ignore the role of rich people in the USA and other countries causing economic and military "mischief" in countries like Argentina because the original socialist government of Argentina would not bow down to their demands. South and Central America have an entire history of the USA and other countries interfering on the behalf of billionaires who want to own the entire infrastructure of said countries. Venezuela is another perfect recent example. They wanted to socialize some of their oil production to provide for their people and the oil industry went ballistic. Same with all the land.
This video is totally disingenuous and comes across as propaganda. And you will probably have this post censored.
when are you getting Richard Heart on? BPD had him !
There is a simple answer to all the questions about bitcoin, Central bank have the power to print all the dollars and buy into bitcoin if they want to take control, them it will not be decentralized, and it is traceable. In reality has no function other than speculation and hope the price going up.
it is really boring to hear you hyping bitcoin, a type of crypto without any further function
*How to build wealth*
I made amazing decisions that changed my finances (over 1M in 2yrs) through my financiaI pIanner. Got my 3rd house Iast month and will retire soon.
ELIZABETH GREEN HUNTS
Get to her with her name..
Amazed by this, will partake on it surely.
This guy described EXACTLY why inflation is so bad. It is degrading to your time, energy and effort. He gets it.
Dudes an og. Of course he gets it.
only if you are paid by the hour and not for your contribution or talent
@geoms6263 if you're paid in fiat, it's irrelevant
Not quite. A discussion of "risk appetite" and getting spending "under control" means there actually IS disposable income to be found. So there's a touch of crackhead logic as presented. Here's what wipeout looks like: pay basic bills, cut insurance to the bone [as in drop life coverage and health in order to afford car insurance], fill your gas tank and whatever is leftover is your menu choice at home - zero eating out, and good steaks are a thing of the past. Beer is a memory. We're not talking Suze Orman silliness here [like giving up lattes or whatever], but any little hiccup forcing a choice between paying water or electric bill and if the car breaks down you ought not pay to tow it [if you want to fix it this quarter] - parts alone will mean food off the table, so its a friend with a tow strap [you hope] or start walking.
@@K_dyub i convert fiat for btc
I took ALLL my money out my bank… I have gold, silver, A goood amount of bitcoin, etheruem, XRP and some meme coins and CASH …. I put $1000 in my bank every month just to pay for my certain transactions that come out my account every month. Now I’m just waiting to see this game play out these next two years … because I do believe the future of crypto will play out for our ecosystem these next two years.
Same. ......😢xrp tho y.
Dude check out icp just do research on it trust me
Bitcoin is *King!*
Where did u purchase your gold from
@@jermainecampbell4701 lcs is best bet. Are you in the States?
The problem we have is because Most people always taught that " you only need a good job to become rich. These billionaires are operating on a whole other playbook that many don't even know exists.
Exactly
not only this, we were taught that you don't even need to be rich to have a good life. "money cant buy happiness" blah blah
The only way to become rich/wealthy, is either to be the CEO of a major corporation, start a business that is very successful, or invest.
But most think that saving is the way, because they either don’t understand how stocks work or they’re scared of losing money, and that will never make someone rich. Maybe after 10-20 years, they’ve saved a good amount. But they missed out on at least doubling if not tripling that money by not investing.
Not even accounting for inflation and the loss of purchasing power.
@@moneropeteexactly!! It’s a bs lie
"Don't keep cash in the bank!". Don't worry, I keep very little cash in the bank, It all goes to bills. 💀
Taxes, aka wasteful spending on fuking stoopid shyt!
Yea I cheat the system the same way
Fuck bills, just buy Bitcoin
Uy
Ring up your credit cards, make a few payments and stop paying. Lol. Remember, your NOT spending someone's saved money, you are spending brand new credit into the system that was Created out or Thin Air by Law !!
😂😂😂
I love listening to Arthur Hayes. He's so intelligent and so knowledgeable.
The br0tha is smooth.
💯💯
and let's put it up for tom also. impact theory is a fucking incredible channel/podcast! ❤
More impressed everytime I listen to him.
Name one time where Arthur predicted something that came to fruition?
I'll wait.
SInce 1980, the U.S. middle-class has had HALF of their real wealth redistributed into the top 10%, and mostly the top 1%, and mostly again the top 0.1%.
Biggest redistribution of wealth in history happened during Covid. And it was wealth going from the middle class to the big corporations like Blackrock.... 💀
Covid redistributed a lot of money to the wealthy with the lockdowns and forced vax
Yet nobody in the video mentioned the massive detrimental effects of Regan's revolution on the country. Bet this post gets censored. Anytime you mention Regan negatively censors kick in. But you can easily google all the stuff he did that led to the crisis we are in now.
More than half lol
The system is designed to depopulate and enslave the masses
What a speaker, never heard of him, but one of the best I have seen in a while.
CEO of Bitmex
@@tc8557 he don't look like no Mexican to me
This guy is Legend
Look him up. OG Legend
Founder of bitmex. The first big derivative exchange in crypto. Everyone who has been in crypto for a while knows him. Bitmex has the best legendary crypto chat there is
Most underrated guy in finance today. Always has the best and most articulate papers.
Dei him
Nonsense. There is no real content to what he says.
Arthur Hayes is one of the smartest people in finance I click on him every time. Super genius, pay attention.
@@Emilahpbut yet he chooses a crypto that is very centralized and with a transparent ledger. 🙄
@@imnguyen6658 he invests in many cryptos… from Bitcoin to GMX etc
Arthur is by far the most interesting guest of all time. I click on his face every time it pops up without fail because I know it’s going to be good. Knowledgeable and based af.
Let me gues... you re black.. dont ask me how did I know
@@HydskiTrislet me guess you’re white
Black white purple who cares, it makes no difference, he's cool. Soon he will be talking about Kaspa. KAS is KING. If you don't know look it up. Its the future of peer-to-peer money.
@@HydskiTris let me guess you’re white and you’re adept at accusing everyone of bias except yourself
Going through this and reporting all spammers as my good deed for today.
1/3 of the way through the video, Arthur is the real deal, as always great work Tom!
Thank you! Go Brandon!
Wish YT rewarded you for this…this would definitely help clean up this spam garbage and gamify it
I am on the same mission! Hahah it annoys me to an unprecedented degree so I spend my time reporting the bullshit 😂
Bro how do we make this a reality? Big d move for sure lol
Yeh I try to cut a few out as I am listening. Glad to help out
"We are gamblers. Everyone. All the time. Constantly." 100%!!! Finally someone admits this!
True
It’s an oversimplification. Taking on risk is not the same as gambling. Gambling is driven by immediate gratification, the complete opposite of informed decisions based on analysis and long term planning
@@violinsheetmusicblog- I hear what you’re saying, and agree that that’s a way to define “taking on risks,” however, I disagree with your oversimplification of gambling, or perhaps we’re playing with semantics now.
“If you're not sure what you're doing, it's a gamble. If you know what you're doing, then it isn't a gamble, it's a calculated risk.”
- Dave Trott (Campaign)
Who can say whether or not someone knows what they’re doing in any given situation? Are they following someone else’s orders, or making sound decisions based on intuition? I’d say more often than not people gamble in their day-to-day lifestyle choices from how they eat, get to work, make purchases, etc., but that’s just what I think. 🤟😊
You have to be willing to fail before you can succeed In life, that includes gambling away chances
Never can get enough of Arthur!
Arthur Hayes writes the best essays. Always eye opening. Thanks for the interview
Love Arthur Hayes!!! Thanks for this very enlightening conversation!!
This is one of the first guys I’ve seen online, it’s not that I agree with a on everything he said, it’s that everything he said, had a rational and plausible explanation behind it. You don’t see this much anymore.
Good interview and very informative.
Very good point that we've lost the knowledge and experience of those who went through WW2. I remember how my grandparents used to talk about the importance of privacy and how we must make sure we never live in a 'papers please' society for example. It's for this reason that there was a huge debate here in NZ about even putting photos on drivers licenses, back in the day. Can you imagine that? These days it seems you need to supply multiple forms of photo ID for every single little thing or you can't even transact. And we let it happen because few seemed to care, because we'd lost that knowledge, we didn't understand the dangers. We've already lost our essential freedoms, but like Wylie E. Coyote after he's run off the cliff, most are totally oblivious to this fact right now, and will be, until suddenly gravity reasserts itself in the form of being demonetized and thereby depersoned. As happened to the truckers and their supporters in Canada not so long ago for example. Think it couldn't happen to you? Good luck with that! This is why we need Bitcoin & crypto. Not as a 'get rich quick' scheme, but to take back our essential freedom as individuals.
No institutional memory of how war is??? Bud - Korea, Vietnam, Iran/Contra/Columbia, Gulf Wars, Bosnia, Afghanistan - there are plenty of people in the US who have institutional knowledge of war.
You misinterpret the concept of institutional war he is referencing.
This topic has been talked about from various perspectives.
If you are interested in an informative read, you might like the book:
NATO's Lessons in Crisis: Institutional Memory in International Organizations'
Author: Seth Johnston
I agree that iykyk but if he's referring to the US as an institution, many in USA do not remember or ever felt actual effects of war, nevermind actual measures of austerity. From my understanding of institutional knowledge loss I think that's what he means. Really only NYC in 2001 experienced real effects everything else was overseas and out of collective minds unless directly/tangentially involved.
He’s actually referring more to the people as a whole. The Vietnam conflict as well as Afghanistan are not the same as WW1 or 2 in the effects they had on society at home. This isn’t just an American issue. The world has seen longer sustained peace than it ever has and the population is woefully unprepared for what is to come.
@@jackiekevinsunny Institutional memory is often defined as "the stored knowledge within the organization.
Within any organization, tools and techniques will need to be adapted to meet that organization's needs.
These adaptations are developed over time and taught to new group members, keeping them from encountering the same problems and having to develop a solution that already exists. In this way, organizations save time and resources that might otherwise be wasted.
For a long time, almost all Western Countries have not prioritized the Institution of the Military as these countries once did.
Should there be a major world conflict to ramp up the Institution for Defense should the need arise.
The US and European citizen perceive war as something on TV now far from their lives. The societal threat of everyone you know dying is almost gone. The cold war was the last time anyone in the US felt the effects of war.
Best discussion on USD/CRYPTO that I’ve ever heard
When listening to Arthur. Tom on the other hand is painful.
Poor you.
Tom is one of the BEST interviewers… he asks great questions and knows how to extract knowledge from his guests. And I appreciate his honesty in saying when he doesn’t understand something. However, I do have to say that I’ve always thought gold revaluation was part of the plan and was surprised that he couldn’t wrap his head around it. Go Tom… Go Author!
Most people do not have any money to put in any bank
Most people couldn’t even get a bank account if they had money
@@martinlutherkingjr.5582most people cant even bank themselves if they were money
literally hand to mouth existence..........
Most people don’t have a stock market portfolio beyond the s&p500 either
Thank Joey B
Thank you for this interview! I've been working on improving my financial literacy the past few weeks. I'm only 20 minutes in and it's finally making sense in a way that all the other resources haven't yet!
It’s NOT JUST rich people and banks who own US treasuries… it’s in every pension and 401k in the country, too
If any of them tried to dump their T bills, you can guarantee a new bill in congress will swiftly pass to prevent it.
And most other countries in the world
They would already be in default an it would be too late. Don’t worry, we’ll get there. At Bidens rate of spending, it won’t be too long.
Way easier to blame someone than be responsible for something on your own
Got mad respect for you, Tom; however, I would like to offer a suggestion regarding your approach to addressing hangovers. Perhaps we could explore alternative methods that prioritize holistic health and well-being rather than relying on probiotic drinks as remedies.
So grateful for your content…I was wondering who this guy was then ended up doing a quick look into his credentials 🤦🏽♀️🤭🙏🏽🙌🏽WOOOW!!! Amazing:) I have so many emotions related to what happened to him
I swear digital is global and these governments need to evolve and support innovation instead of trying to keep us all poor IJS! clearly he’s been a talented and well respected financial forethinker beyond his years
Arthur is brilliant! Great pod!
The point about the loss of institutional memory as to how bad war is - is incredibly salient.
We have lost the generation that said "lest we forget" and have, as a result, forgotten.
We were told “Just go to school, work, etc. and get over your sensitive feelings” lmfao
Seriously one of my favourite YT episodes of all time..!!! EASY!!
NEVER keep your money in the BANK.
As an X Banker and Finance and Thrift manager I know the wicked history of Banking. My parents in 1939 at the start of the GREAT Depression when 9,000 Banks shut their doors and did not reopen until 10 years later robbed my Father and Mother of their savings then the Internal Revenue Goons came in and brook off the locks of every customer's safe deposit box and took my parent's Gold, Silver and Moms Jewels then their Bonds. We moved into a shack on the beach, and I was raised on Goat milk. My father was a doctor and had to join the navy so he could send money home to mom to feed me, my brother and two sisters.
not much different from what the Nazi did to the Jews then
1939 was the start of WWII....
Think your story might need a bit more work to seem believable...
But yeah, that totally happened.....
Lol
Love love love listening to Arthur Hayes !
The entire Canadian parliament forgot who defeated the NAZIS -- and they support the Nazis now, and even cheer one of the NAZIS who killed and tortured the WEST and Russia in WW2. Yes, we have forgotten and need to learn the lesson again.
The swatiska originates from African Ghanaian tribe incase you didn't know...all a game
the lesson will be learned... unfortunately most of us will not be around to learn it..
This is a great interview!
This episode was much more digestible than your last with Arthur. Thank you for your work! 👍
How did they pay for the lockdowns? Answer, we are now with inflation. The QEs of last decade didn't flow into the REAL economy instead into the FINANCIAL economy. Velocity in the inflation equation had changed, so SUPPLY of money did not give inflation because it didn't chase goods and services. It' took 30 yrs to build the supply chain & 2 yrs to intentionally break it to create a BULLWHIP inflation effect. NEGATIVE RATES means the holder of the bond has to pay to hold it( NIRP). DEFLATION is the one thing the central banks fear the most. The great sag, the great depression, last decade - all deflationary. Last decade post-GFC, NIRP was an unusual way to counter it. Q: what value of a negative rate bond as collateral does it have? Sept-2019. 7:27
Great conversation! Arthur explains things so well. I will look for more of his stuff. Thanks for bringing him on the show.
You spoke of owning guns to defend yourself against our government and Bitcoin. My two favorite subjects! You earned my SMASH of the LIKE button!😎
In Argentina, Milei is honoring 100% of debt commitments even though he received crazy levels of debt and maturity profile. Balanced budget, stopped printing increased debt value from 20cts to 55cts to the dollar. Activity went down by 5%. That is the pain to gain back the value of trust on local currency. All in 100 days.
The guy put Goldman sacks as a consultant.
Tell me he isn't a CIA plant.
@@mtrest4 Goldman advices tens of governments in the word on their debt issues and restructuring. And that obviously has nothing to do with being or not CIA plant.
Measure him by his output
Just have to root out bureaucracies that serve only themselves. Oh and get rid of the 1000 military bases we have in every country on the planet.
1:05:48 people going hungry and GDP plummeted
Amazing Interview I love his way of Thinking and explanation
I always click on the video when I see this guest… Great job with him
GREAT??????????? Arthur is one smart guy glad i have taken the time to listen to him!
The final test of bitcoin is when lots of people start to actually use it as money, not just a trading vehicle.
If millions of people start to reject government currencies, that's when governments will really respond.
Governments have soldiers and the ability to shut off the power grid, let alone the internet
Bitcoin is an asset, digital property. It doesn't need to be a currency ever
@@al-moonyThe L1 can’t be at large scale. It will have to take place at L2s or another protocol can handle the medium of exchange issue. Digital property is perfect. It’s buying an apartment in Manhattan.
Yeah, right… Maybe you’re forgetting that the government runs on the power grid as well? Don’t be stupid. You obviously don’t understand how Bit Coin works. The shit is out of the goose and it can’t be put back in- world governments acting in concert may have been able to stomp it down in 2010 or 2011 if they all worked together, but there is literally no possible way that it can happen now, even if all the worlds governments united together to try to kill it… There doesn’t exist enough money on the planet to end bitcoin
@@al-moony if it's not currency, what does it actually do?
It has to have a user case
@@dbanks128 it's a commodity like gold, oil, etc. You can build a layer 2 to use it as a currency, in fact that later 2 is already in development and in use for gold and Bitcoin (ie. Lightning network)
Never heard of your guest before, but he's awesome. Great interview.
Mr Hayes gets it on a level that only very few others are capable of getting it.
please invite Charles hoskinson on your show 🙏🙏
Arthur is one intelligent & well studied man. He is dumbing down his explanation so an eighth grader can follow the concept. He can't imagine that people do not comprehend the difference between a World War's devastation and a regional war.😮😂❤
Just fast forward when Tom speaks! You’re welcome!
Don't get me wrong, both the other guests do a good job , but when they explain Bitcoin & the definition of money, they explain it by going all the way to the moon & back when it can be explained soooooo simple like this Man explains things❤😂
This was an EXCELLENT interview. So many points. I'm going to have to rewatch this again, to get my head around everything. Well done.
I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Kimberly Smith.
Wow. I'm a bit perplexed seeing her been mentioned here also Didn’t know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been super.
You trade with Kimberly Smith too? Wow that woman has been a blessing to me and my family.
that's her telegramme with the user name.
Ksmith6 💯
when someone is straight forward and good at what she does best. People will always speak for them. For me I can would say give Kimberly Smith of finance education a try and you be happy you did
The way he describes fundamentals is refreshing...and useful.
People forget or never learned that Blackrock and the crypto brokers bought up all the supply around 10-12K. The house always wins. Even if people from every country bought in, the liquidity pool is only relative to the value of a local currency, inflation and the commodity being purchased.
On one hand, it’s hard to imagine BlackRock not rug pulling bitcoin before the next major ascent. On the other, though, they have to watch out for Michael Saylor. He is always waiting, like a piranha, ready to scoop up more bitcoin once it drops by more than a certain percentage. He’s got the cash, credit, patience, and platform of attention to turn their lights out on bitcoin. And I hope he does. 😂
True Blackrock and brokers bought in the teens number for BTC. But they didn't buy all the supplies, it's still in the hands of the retailer. All they are doing is making money off the last 5% of Bitcoin's supply. You possibly could never rug BTC to zero again. 😂
Very deep discussion! “ Money is time and energy in an extractive form”
I listened in to hear Arthur. When Tom starts speaking I just fast forward thru it. 😅 Works for me!?🎉
Haha why didn’t I think of that already. Thank you friend
Fantastic interview Tom. Arthur is extremely intelligent
I literally lose it when Toms speaks, just let your guest speak please.
That…and I can’t stop looking at his ears!
What do you lose ?
This is an interview, a conversation, not a lecture . .
At least you're not shallow enough to get caught up in the size of his ears not being on par with your liking . .
I happen to think he sets the table well . .
And even backtracks here and there for a greater understanding . .
100% I can’t freaking stand this guy. Just shut up and let the guests talk FFS!
tom! i must say you have the most perfect questions, and arthur, i must admit you and tom are on a different intelectual level from the rest of the population! perfect questions and surprisingly perfect answers!! ❤
I really enjoyed this interview.
This was a great conversation!
wasnt this episode from months ago? i dont say that hatefully, im just wondering if this is the same one i watched before or if its another episode with him. i feel like i remember this exact episode. its a great time to replay it, thats for sure.
It’s a different one he didn’t have hair in the other vid
Tom has had a few guests come back regularly - Eric Weinstein, Konstantin Kosin, Donald Hoffman, Robert Greene, etc. Most likely this is another guest he brings on multiple times
I thought the same because he have same clothes and same place, but then i realized Arthur have hair now 😂
"It's not blocked or banned in most places yet"
There you have it.
I disagree with living grass as an example of entropy. It is using energy of the sun to organize molecules. Turn off the sun or sprinklers then the grass will display entropy.
I think if you let it go to nature it would go wild as nature, sun and rain are in nature. Markets could go with nature but we use tools to keep it with certain boundaries. I thi k it’s a perfect analogy. Jungle vs manicured garden. Manicured garden needs to be tended to daily.
@@skyehennessey2857 nature has sunlight which provides the energy the plant uses to organize molecules. turning off the sun is not nature.and markets can still have sunlight without government interference
Systems of systems. There is relative entropy between systems and sub-systems. Absolute entropy is purely theoretical.
@@skyehennessey2857 Nature is not entropy, nature is using the energy of the sun to organize. Entropy is the disorganization that results from the input of energy. Stop making things up and study.
@@truthmonster3290 thanks for the unsolicited advice. Not making anything up merely agreeing with his analogy.
Basic long term benefit of real estate, you can borrow against it, it generally appreciates (against USD) and as its value increases you can borrow more fiat currency or other depreciating currency to transact. Also tax efficient in the US to borrow against asset to access liquidity (not taxed as income). The pro for btc vs real estate. Not nearly as expensive or time consuming to borrow against it or sell or buy. Stored value is still value. Doesnt have to be transacting. Having a valuable liquid scarce asset that you can borrow against or leverage is one use of stored value.
I always liked Arthur. 5 star
Brilliant interview, thanks guys!!
Hitler didn't attack Russia in winter. Takaway should've been: do not try to attack Russia whatever the season is - you are going to loose
lose
He was an excellent guest, please bring him back on Tom.
Preparing for the Impending Great Depression: Strategies for Thriving During The Great Reset. Wondering about the right timing for stock investments? Curious about the timeline for a complete economic recovery? Puzzled about how some individuals are generating over $450k in profits within months in the current market scenario? These questions have left me perplexed.
Yes, a good number of folks are raking in huge 6 figure gains in this downtrend, but such strategies are mostly successfully executed by folks with in depth market knowledge
A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
@@Karenowen-f9j How can I participate in this? I sincerely aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success?
Her name is. ‘JENNIFER LEA JENSON’. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
I just looked her up on the internet and found her webpage with her credentials. I wrote her a outlining my financial objectives and planned a call with her
Economic systems regardless of what's used to trade MUST MOVE circulation is the key to an economy.
I don't; think the US would say gold is worth 10k an ounce or increase that much because CHINA HAS a lot more gold than USA
Truely amazing content. Thank you. I am certainly better informed after watching this.
Multiple realities all co-existing at once. The reality you paint, you and you alone will perceive. As well as those on your same wave length and frequency. Wake up already.
bro thank you for your amazing comment. all i listen and think about all day is the quantum world we live in and create with our observation. double slit experiment.
@@eli_tha_runner Thank you for expressing that. It is extremely difficult for us to embrace such a reality. People can think about it on an academic level but to really sit with this at times can be terrifying but all so beautiful at the same time. I’m still in practice to remember and embrace such information on a realistic but peaceful level. As peaceful as I can. Once you understand what this truly means there is a big responsibility to carry and deliver such information but the sooner we all stop lying to ourselves the sooner we can all go through the withdrawal of ego attachments and allow love to guide our actions.
Do you have any recommendations (ie books, youtube vids, other resources) that talk about this?
@@chi.chosen I don’t want to sound inappropriate or falsely reference anything. I will have to be honest and share that if you can simply open up and look at everything that is happening in the world, including those who are literally thriving when they’ve come from far less than favorable circumstances and whose experiences are completely opposite of what is being discussed here, some may say that is a “minority”. The funny thing is, we have all these clever justifications as to why not every single person shares these exact experiences. Including people who put their entire faith on “the numbers” which will forever constantly change. Has anyone ever wondered why that is? These are questions whose answers can only become revealed through what we call time. Which I might add is also another human construct and tool we use to measure the experiences that only exist in our memories. The only thing there ever was, is and will be, is called the now. I have dived very deep into mind utilizing all mediums, including psychedelics and although, yes people have written many books on these topics, it mainly comes to you as a feeling through experiences. Almost like learning a completely alien language but through these observations, we can realize that there are multiple realities all co-existing and helping to create this grand reality that we all share. So whenever I see videos online where people are concluding things as final and collapsing in on a specific narrative, although however clever and amazing this particular podcast may be as I do enjoy listening and hearing their experience as a small part of this grand reality, I also realize its danger to make such assumptions and lock people into certain kinds of expectations. There are many teachers and foundations including sciences that can help you to see deeper into what I speak of but I wouldn’t suggest it. I would only suggest enjoying your present moment, where you stand and observing any and all aspects of life around you. Even a flower has its own experience. Once you focus on the flower, your mind becomes the flower and it’s all you need to realize the limitless capacities of your imagination. As most of what people are quarreling over is literally just a figment of just that.
Reality Transurfing by Vadim Zeland
Arthur Hayes is a geopolitical genius!
I like this guys take on things....
So so true! This guy is exceptionally swithced on!
Nobody wants to hear you talk this much bro, we’re here for your guests
😂😂😂😂😂
I thought the back and forth was quite balanced!
I'm here for the dialogue that Tom fosters. I can get the guests elsewhere too.
Arthur Hayes is a Genius!
Like Arthur's smile after he says something, waiting for your reaction ;-)
Ethereum gas fees are hell. Solana is soooo much cheaper.
I lived in Argentina for 18 years or so after living in Germany, Barbados and Guatemala. I lived half my life in stable-ish countries and then I moved down south and holy shit... The incentives created by bad money and the destruction of morals, society and culture are on another scale. You can destroy a country by inflation in 2 decades or less if you wanted to. It's the worst form of warfare that the state perpetrates against the citizens. The state is a criminal organization that should never have control of the money supply. Bitcoin is my only hope for these dark times.
ETh, as the world computer, only works if it partners with and uses ICP, which is the only truly on-chain crypto, in my opinion if ETH doesn't get onboard ICP in a big way ICP will pass it up, But they would make a great partnership and have faster success together as ETh is the first and has the biggest community and ICP has the 3rd generation technology that Eth needs. Great questions for Arthur, two brilliant minds discussing the future.
@45:00 gold has value because of its material/chemical properties , in addition to that it’s scarce
Gold and copper have a huge future as we enter the age of Ai followed by robotic manufacturing in conjunction with Ai
It’s scarce because of its material properties. Golds price isn’t as high as it is because of utility but because of a high stock to flow and historical store of value. Golds intrinsic value being responsible for its current price is a silly argument others try to make.
Everyone know this
What surprised me is how so many Bit Coin enthusiasts hailed the introduction Of ETFS which actually ends the freedom of Bitcoins real ideology.
Facts and now the control the market
Nothing changed about the fundamentals. You can still keep your crypto on a ledger.
@@bobmalooga335 If you cant see and understand the connection of big corporation and government there is nothing I can tell you.
@@derektomlinson6514 there isn't a single institution or government that owns even 1%. This could have been a life changing opportunity for you to get in before the institutions. I would be bitter too if I missed this boat. Sorry buddy.
Inflating the money system is not beneficial for asset owners. Let's say the asset increases exactly the percentage of the increase in money, then my asset had 0 real increase but I have to pay 25% taxes on the "gain". Of course it is still a lot better then holding cash in this scenario.
BTC is the exit 🎉😂
People with political connections can borrow against their assets, then will pay later with the devalued currency. They try to avoid selling their property to avoid those capital gains. But this creates it's own problems in the economy, because nobody wants to sell. Like real estate in New York, a lot of it isn't rented out, the owners just borrow against it's constantly increasing value.
This is a great episode. He clarified.at least 5 different things I didn't understand in the past.
Great guest... ❤
Totally agree, he’s one of the few who I think understands the math plus blows me out of the water with the economics and world history , so always gets my undivided attention
Say about him what you want but he’s a wizard in the markets 😄 up there with Peter Schiff
Eric Carson next please. That man takes Bitcoin philosophy to whole different level that it’s slightly unsettling
I think you’re referring to Erik Cason
So Tom… Thanks for inviting me to the show and I’ll just wait here while you go shower and get ready to do the podcast.
There are not any free markets...
Revux's billboard is everywhere! Had to check it out. Presale details look promising!
Endless negativity on Impact Theory
With no real solutions.
Amen to the cutting grass/biology analogy. Host and presenter both visionaries. Thanks for the content
I want to learn English 😭
I know how you feel. 😥 I speak English, but I want to learn Spanish, because I feel like I’ll miss out on a lot of information & social relationships if I don’t.
- I will probably start learning Spanish later this year, after I reach 1-2 goals I’m working towards.
- Maybe you do not understand what I say, sorry
@@EricBoston1992 Thank you very much, I hope you achieve all your goals 🙏🏼🤍
You "want to learn English" yet you just wrote that sentence in English and are posting on a video podcast that's in English. Either you're a troll or a bot.
@@bazimyan لقد استخدمت الترجمة+انا استمع الى البودكاست بالإنجليزية لأنني اريد ممارستها
@@bazimyanI dont speak english aswell. I need to listen some sentences 2 or 3 times if he writes something in english it doesnt mean he understund everything in this podcast.
If the money printing stops, all assets (housing, stocks, gold, etc) get hit, including Bitcoin.
If money printing stops, doesn’t money itself become an asset?
@pedromonkeypedro Yep. We'd enter into a huge deflation cycle. It'll never happen. The wealth own all the assets, and they'd have to watch the value of their assets collapse.
That was one of the points Arthur made. If we halt QE, we need to re evaluate the price of crypto.
Whale 15 only in the terms of fiat valuation
Agreed. It will still increase in value via network adoption but won't rise as quickly because its fiat denominator isn't debasing as rapidly. @@iVETAnsolini
@1:02:00 my thesis is on bitcoin and agree with guest’s explanation of the difference . There are efforts to use satoshis and mathematically, especially post quantum cryptography , bitcoin has to change when the value of mining and transacting changes dramatically , but have not yet seen something that mathematically can’t be hacked
Ethereum and all those fees. I'm with you on BTC but Solana is the way forward as a quasi "decentralized computer." Ethereum has had its run.
Agree...
ETH is garbage and BTC is totally flawed.
Guarantee you they both fall
ETH and BTC both will tumble ..ETH sucks the gas fees are ridiculous…BTC will just be used as a storage asset plus it uses too much energy to mine constantly.
Agree on ETH. I don’t think SOL is the replacement though. Cardano and ICP on the other hand.. 💭
I love crypto. Here's my issue that I've yet to hear an answer. The fed/govt is never going to lose control over financial systems. So, while they can't shut it down, they have control of the on and off ramps. As well as taxing it in anyway they choose
They can print unlimited money and buy all of it.
“Careful about what is added to the network”
So it is not decentralized at all if it can be changed by a human
When someone says a computer network is “decentralized” they mean amongst humans, other species don’t use computers. Similarly, with gold - do you see squirrels digging for gold and wearing it as jewelry?
Changes can only be made by a majority of nodes so yes it’s decentralized.
Thanks for sharing