This was a fun debate/discussion with Greg Foss & David Collum. We cover a lot of topics in finance and then get into a discussion about David's concerns around #Bitcoin. Give it a listen and let us know what you think. - Preston IMPORTANT: Please beware of cyber scams & phishing attacks. We have received reports of fake accounts claiming to be affiliated with The Investor's Podcast Network or posing as one of our hosts. Please help us report those suspicious accounts. We will never reach out to you for any business or investment opportunity. Stay vigilant!
Collum loses me when he says “hodlers don’t know financial history” It’s the history that brought many of us to bitcoin Great talk, good faith all around
Love this content! Debates. Totally agree that reading books helps so much in forming a better conviction. I try to read an hour or so per day most days of the week. I'm now reading the Harry Potter series 😜
1:23:00 we've had plenty of times in the past where this "Nervousness has happened" Like WTF? where has this guy been? Pay attention man!! look at BTC recent history!! like man!! wtf?????
Greg suggested to David that he was taking a short position on Bitcoin by not allocating a portion of his portfolio to Bitcoin. Then David compared buying Bitcoin to buying an Insurance Policy. I'm not sure David really understands trading if he thinks taking a long position is the same as an insurance policy, and that he doesn't understand Greg's analogy of not taking a long position as similar to shorting Bitcoin. In other words, not doing anything, is actually doing something in Greg's thesis of Bitcoin, which David did not refute. So, David's position is really just to bury his head in the sand, presumably looking for oil truffles.
As smart as this guy may be, the idea of betting with the “evil” forces over the technological forces that have historically overcome them, makes him seem dinosaur like. His blatant disregard for the historical migration to the hardest money makes me believe that’s he’s just another boomer stuck in the only world he’s ever know, without the ability to use his experience to look beyond what’s his known. He lacks the visionary element that is required at the turn of every major change to be a part of the next era. Maybe in wrong but that was my take.
Dave’s comments about the huge money people leaving Bitcoin is based upon BTC being an investment. There may be evidence that it’s not investment, but where when other investments are sold, where the profits go. It’s a store of value. That’s why Bitcoin will not fail. When the next depression comes ALL asset values will tank because cash is king. It’s still the least dirty shirt in the hamper.
I thought this episode was pretty funny. Listening to two younger smart guys try and convince an old dog silver and gold bug to learn a new trick. Professor Collum is certainly convinced of his own intelligence. Really impressed with Greg Foss.
The point that's emerging again and again in so many talks and discussions about "converting" to Bitcoin and people are remaining to sit on the fence or remaining contrarian is that they are of the opinion that Bitcoin should be 99.9% the same as existing investing. I realize I'm disappointing people but that that doesn't cover it. To me Bitcoin is the ongoing development of an instrument for facilitating the realization of the birth right of (improvement of) our self-sovereignty. Bitcoin is the hard starting point for power to the people, not to governing institutions.
It's like talking to my 75 year old father who became an adult at the tail end of the era where everyone was just relying on a pension from their employer.
IMO it should not be called "Game Theory" this is Bitcoin it should be called "Bitcoin Theory" "Game Theory" confuses people in the video game industry they think you are talking about games and not Crypto theory anyway just a thought....
This was a fun debate/discussion with Greg Foss & David Collum. We cover a lot of topics in finance and then get into a discussion about David's concerns around #Bitcoin. Give it a listen and let us know what you think. - Preston
IMPORTANT: Please beware of cyber scams & phishing attacks. We have received reports of fake accounts claiming to be affiliated with The Investor's Podcast Network or posing as one of our hosts. Please help us report those suspicious accounts. We will never reach out to you for any business or investment opportunity. Stay vigilant!
One of your best shows yet! 👌
Gregg, smart, articulate and humble.
Thanks Preston
How refreshing in this divided world to hear discussion, rather than fights!
This 2-on-1 interview with you guys was SO GREAT. The most intelligent and thoughtful of FUD throw-downs.
What a great session. I really appreciate the intellectual debate and the genuine visionary enthusiasm conveyed
Collum loses me when he says “hodlers don’t know financial history”
It’s the history that brought many of us to bitcoin
Great talk, good faith all around
Great conversation. Thanks guys!
Why no video?
Love this content! Debates. Totally agree that reading books helps so much in forming a better conviction. I try to read an hour or so per day most days of the week. I'm now reading the Harry Potter series 😜
1:23:00 we've had plenty of times in the past where this "Nervousness has happened" Like WTF? where has this guy been? Pay attention man!! look at BTC recent history!! like man!! wtf?????
Isn’t Saylor buying over the counter though where purchases have less of an affect on the market?
Yep exactly they should have mentioned that new people would be confused by that if they didn’t know about otc buying
Greg suggested to David that he was taking a short position on Bitcoin by not allocating a portion of his portfolio to Bitcoin. Then David compared buying Bitcoin to buying an Insurance Policy. I'm not sure David really understands trading if he thinks taking a long position is the same as an insurance policy, and that he doesn't understand Greg's analogy of not taking a long position as similar to shorting Bitcoin. In other words, not doing anything, is actually doing something in Greg's thesis of Bitcoin, which David did not refute. So, David's position is really just to bury his head in the sand, presumably looking for oil truffles.
David does not get Bitcoin yet, but he is willing to learn.
Brilliant
Huh has David heard of AWS? Don't think Sears had a cloud computing business
As smart as this guy may be, the idea of betting with the “evil” forces over the technological forces that have historically overcome them, makes him seem dinosaur like. His blatant disregard for the historical migration to the hardest money makes me believe that’s he’s just another boomer stuck in the only world he’s ever know, without the ability to use his experience to look beyond what’s his known. He lacks the visionary element that is required at the turn of every major change to be a part of the next era. Maybe in wrong but that was my take.
Collum has always been a big collector of yellow boomer rocks.
Dave’s comments about the huge money people leaving Bitcoin is based upon BTC being an investment. There may be evidence that it’s not investment, but where when other investments are sold, where the profits go. It’s a store of value. That’s why Bitcoin will not fail. When the next depression comes ALL asset values will tank because cash is king. It’s still the least dirty shirt in the hamper.
At least David understands the problem.
I thought this episode was pretty funny. Listening to two younger smart guys try and convince an old dog silver and gold bug to learn a new trick. Professor Collum is certainly convinced of his own intelligence. Really impressed with Greg Foss.
The point that's emerging again and again in so many talks and discussions about "converting" to Bitcoin and people are remaining to sit on the fence or remaining contrarian is that they are of the opinion that Bitcoin should be 99.9% the same as existing investing. I realize I'm disappointing people but that that doesn't cover it.
To me Bitcoin is the ongoing development of an instrument for facilitating the realization of the birth right of (improvement of) our self-sovereignty. Bitcoin is the hard starting point for power to the people, not to governing institutions.
You're not disappointing me. There is only 1 truth. To me bitcoin is truth
This guy is a dinosaur. Why are they even trying so hard to convince him?
It's like talking to my 75 year old father who became an adult at the tail end of the era where everyone was just relying on a pension from their employer.
Haha, silver
Greg can sell sand in a desert. The man is a born salesman.
I heard one real-world practical use of bitcoin: transferring dollars. Everything else I heard in its favor was based on libertarian pipe dreams.
IMO it should not be called "Game Theory" this is Bitcoin it should be called "Bitcoin Theory" "Game Theory" confuses people in the video game industry they think you are talking about games and not Crypto theory anyway just a thought....
No Game Theory is a well known concept for decades, and only dummies think it's related to video games
Doge will dominate as a currency over btc.
Lol yeah probably
Doge is done.