Absolutely fantastic video and storytelling. Thanks a lot for this great take and the valuable lessons learned.

Damn, I watched the fist hour+, had to stop, and now the player won’t let me watch the remainder... It appears we have to restart from the beginning.

Anyone, interested in the idea that this is libertarianism and socialism crossed over? ((socialism isn't a bad word(before you start)) As a very left leaning person, this is very exciting for me... an aim for best of both worlds without reliance on a central government being too slow and/or corrupt. After years of being very cynical about technology, i feel de-centralisation is the way out. Obvs, most people's primary concern is security/profiting for their theirselves, family, friends and community but maybe this is bigger than that?

re: the Strike app they're talking about at ~1:19:00, can anybody help explain to me why does Bitcoin (or digital currency for that matter) have to be involved at all when making a USD->USD transfer? In other words, how is USD->BTC->USD faster than USD->USD? In the former case, you still need to sell the BTC for USD and send it to the recipient's bank account. How is that faster than just directly sending USD to the recipient's bank account?

The biggest moron around...

Enjoyed this conversation ! Pomp is much smarter than I imagined from his tweets :)

Interesting how he didn't understand or dodged the derivatives question. Great question by Raoul - surely it must be a matter of time until derivatives begin to dominate the space, right? Human nature does not change, regardless of the technology.

Networks are not pure technology, they are also the collective, shared, and overlapping beliefs of the human beings who use them (without which they have no monetary value), as fostered by both the network incentive structures as designed, and by the context of the world in which they exist. In the collective minds of human beings, Bitcoin has become a hard asset, albeit an intangible one. The real power and value of Bitcoin resides in the minds of the collective. Narrative cuts to the core of value. Raoul is dead right. Bitcoin reductionists (there is no need to use the "m" word due to its negative connotations), are eventually going to be disappointed philosophically (although they'll at least be rich) after the legacy financial system fully adopts and accepts Bitcoin as high-quality collateral and proceeds to re-hypothecate and leverage it in thousands of ways in thousands of products with risk spread across the globe. This is literally 'what they do' and 'why they exist'. This is "adapting their business model." It won't feel like such an idealistic Austrian Economics / libertarian hard currency anymore. And reductionists will have missed all the other incredible innovation across DeFi and the crypto universe. It will have been a philosophical error.

Great interview. Amazing actually. The media player is trash. I can’t skip ahead without it failing. I am stuck watching it all at once at the same time on the same device. I can’t come back the next day and finish the interview on a different device.

I enjoyed the interview. POMP is the reason I finally bought bitcoin last year. I was looking at other cryptos but decided to purchase a little every week and call it a day. I don't have 35k in bitcoin but I can say I have fractions of it. lol

We are gonna make it.

Always appreciate RV's topics. Especially like Raoul's interviews but this one was hard to stomach. My cursor magically kept drifting towards the pause button (minute 27). It's good to see strong conviction around an investment thesis but Pomp presents himself as a zealot. It's as if crypto and blockchain are the second coming of Christ. I am running for the hills when I hear that type of fanatical ideology. The Kool-aid might look tasty but wondering if the folks at Jonestown had the same thought.

Great to get Pomps views how he sees the future.

Fantastic interview, the strategic long term view and pathway to crypto adoption is way ahead of current thinking. Loved the 'hotdog' analogy and the realisation that for anyone living in Europe, the test run of a new currency adoption has been done already with the shift to Euros and maybe NOT as daunting as first imagined :)

You advertised that this conversation was incredibly interesting, and it does not disappoint. I'll be telling people that it was a "feast for thought".

@Craig Here is how ETH compares to BTC as sound money and how much of ETH's current price I think is attributed to its value as sound money vs the protocol's capabilities. It is a little long, but even if you strongly disagree with the points made here it will help you understand the bull case for Ethereum. There is a general understanding among ETH investors that the enhancements from ETH 2.0, EIP-1559 and L2 solutions will result in a sustainable monetary policy with near 0% issuance and the potential to for Ether to become a deflationary asset. What is even more interesting is that the net return of ETH as a SoV becomes superior to BTC the moment that issuance is lower than the staking yield. In other words, even if BTC had already ceased issuance, it offers no mechanism to provide yield to long term holders with a negligible risk exposure as ETH does. There is an execution risk that Ethereum will not deliver on what is currently planed, but if it does then what I have explained will become a reality. You cannot separate BTC/ETH payment railroad from their respective monetary policies. As you are aware, issuance is just a subsidy, and without it the network will need to operate as a profitable business with a cash-flow that is entirely dependent on network fees. This is why I originally mentioned that the utility of the Bitcoin network is being degraded. What I meant by that is that the incentive for users to transact directly on the network is being diminished because of the tokenization into ETH and by the introduction of custodians (like Paypal) and traditional banking services who will soon be entering this space. If this trends continue, I suspect that the only activity that will end-up happening on-chain will be done by wales sporadically transacting to hodle and the occasional settlement from institutions. Bitcoin seems fast and frictionless, but that is because you are comparing it to something in the physical world. In digital terms Bitcoin emulates the friction of operation that is found with gold: it is difficult and expensive to move it, securing it yourself is not trivial, and it does not make for a great medium of exchange. I don't think this will be a good dynamic to generate enough transaction fees. That is of course my subjective interpretation of it, but regarding this particular situation it is nearly impossible to make objective assertions at this point. It is possible to assert that, in the digital world, the expectation of frictionless money would entail near instant transactions with negligible cost and without the relative risk/paranoia of dealing with nuclear waste and having a hacker watching your every move waiting for you to make a mistake to snatch it away. Ethereum is steaming ahead on all ends. Ethereum is fostering a digital economy (this is a very important part of understanding the value of Ethereum, but I will not be exploring it in this post) with DeFi at its center. It is currently generating about three times as much trx fee revenue as Bitcoin. L2 solutions are going live as we speak, and it appears that they will be much more practical and provide better UX when compared to the Lightning Network. This will help to amplify L1 block space value and push revenue even higher. That will be followed by EIP-1559, which will burn transaction fees. Mining is currently excessively profitable and hash rate cannot keep up. This means the financial incentive can be reduced and by burning the fees we achieve the equivalent of an issuance reduction, while stabilizing mining revenue. Eventually the transition to PoS will dramatically cut the operational cost of the network. That means that Ethereum as a business will become more profitable and less reliant on the issuance subsidy. Finally, we will see the introduction of shading which will scale L1 by up to 1,000 times, compounding the effect of L2 solutions and making it feasible for the network to operate as a platform for new use cases. A solution to the hacker/nuclear waste security situation is being explored via social recovery wallets. This is still in the early stages of research and design, but it is important to realize that the Ethereum community recognizes it as a problem and working on a solution. There is a lot more that can be said about the BTC vs ETH debate and I am working on a full write up that explores each individual element in more detail. Regardless, it is important to pay attention to this trend: the smartest people in this space are shifting their point of view and realizing Ethereum's potential. Raoul Pal is a seasoned investor, extremely bright and open minded. He started with Bitcoin, but it did not take him long to understand the value proposition of Ethereum. Lyn Alden is a brilliant investor and mental powerhouse who initially did not think investing in Ethereum could be justified, but she is also starting to shift her view and now understands that it has a justifiable risk/reward ratio to be included in a portfolio. She has just published a report with her analysis about Ethereum: https://www.lynalden.com/ethereum-analysis/ The crypto space has a have a few analogies that have been used to describe a technical/economic mechanisms that are a somewhat tricky to understand: mining, Ethereum's gas, and the analogy to ether being oil. If you put to much weight on these simplified analogies, you will not understand the economic actuality behind them. This is a source confusion in the crypto space, and it is used to support false narratives. From an economic perspective, ether is money. Once you understand this, you will know that the narrative that BTC and ETH are not competing because they are different things is analogous to saying fax machines do not compete with the internet.

Great interview. I don't understand how Bitcoin proponents can totally write off gold. It's just too early. Shut off the on and off ramps to Bitcoin and things stop. Lose your keys and lose your Bitcoin. Gold as a store of value is still the safest bet. Own both. Don't get me wrong, blockchain will disrupt: Lending Transfers Retail and commercial banks Investment banks Securities brokerages Insurance companies Trustees/Escrow agents Collectibles All assets will be tokenized on the blockchain Wagering Legal contracts Voting Etc.

Pomp is impressive. Excellent story teller too.

@Andrew, @William Here is an expanded version of the bull case for Ethereum and how it relates to Bitcoin. There is plenty of room for intelligent debate in the crypto space and it is worth taking a minute to read and understand the point of view of Ethereum investors. https://www.reddit.com/r/CryptoCurrency/comments/kzkdw4/a_break_down_of_the_bull_case_for_ethereum_and/

Great interview, One thing that worries me about behavioral economics is the unintended consequences. This could turn into some Orwellian nightmare.

Fun conversation, learned a bit about how VC investing works. I believe Pomp is wrong about one thing - BTC will never be the world reserve currency for many reasons, including the same reasons that gold will never be the world reserve currency. That's not how global economics works. Different countries need different monetary policies at different times, can't do that with hard money. Global geopolitical reasons would also prevent it. Countries are never going to give up the right to play beggar thy neighbor currency wars. But I do expect BTC to continue to be increasingly accepted as a new form of digital store of value, on a global macro scale. There will also be many other blockchains transmitting different types of value for different applications.

Awesome interview skills Raoul

I know the Bitcoin narrative states that because there are only ever going to be 21m coins but what if someone comes up with an alt that only has 20,999,999 coins? Surely it will be even more scarce. Or, dare I say it 20,999,998 coins. Even more scarce!

Sadly have to say Pomp seems like an archetypical tech alpha male to me. Worked in tech for almost all of my career and you encounter these people who speak with full conviction but the feeling is that when you scratch the surface their understanding is poor. Love when Raoul explains how remittance companies make money on the bid-ask spread. Don't get me wrong own bitcoin but in terms of what crypto is going to be the base of the application layer I would look at where the talented engineers are going (clearly Ethereum > Bitcoin) rather than take Pomp's point-of-view very seriously at all.

On Pomp's multi-currency world and the user experience that he described, I think he forgot/skipped the part about currency funding and treasury operations, which is a cost to the liquidity provider which will need to be squared of (ie: paid for) by someone

Love these macro convos. Fascinating how Pompliano plunged into so many unknown areas during his life, learning by doing. Terrific back and forth.

Pomp lost me at minute 41. It's obvious that he bets heavily on layer 2 solutions for Bitcoin and missed the Ethereum innovations. Look where his money is and you'll understand.

Ether is not like oil or gas. Ether is, among other things, money. I promise I will eat my own dick if I can't change your mind with this explanation: Let’s say I have a car with a 14-gallon fuel tank and I want to take it on a road trip. The car is not aware of the price of gasoline, and it would not travel any farther if the price of gas would double the next day. That’s because the intrinsic utility of oil has nothing to do with its monetary value. The car needs gas because of its particular physical properties and how the ICE is designed to utilize it. If I want to drive from point A to point B and it takes a full tank to get there, it will take that full tank no matter what happens to the monetary properties of gas/oil. This is fundamentally different from how Ethereum uses ether. Ethereum (the network) is not trying to be money, but it utilizes ether exclusively for its monetary properties and not because it can be magically burned by an imaginary engine of sorts. It costs money to participate in the network as a miner, and their engagement is financially incentivized with ether. Block space is a scarce resource, therefore participants who wish to transact use ether to bid for it. These interactions are utilizing ether as a monetary medium of exchange. When the price of ether goes up, the ether denomination of gas prices go down. That happens because no one is using ether as gas/oil, and it is actually being used as money.

Great Conversation...One of your best Raoul...

I'm a law student and plan to focus on this personalized account monetary policy issue for my upper class research writing project (hope to get it published). I don't think it will fly legally, especially if they apply any negative rates; there will be a tax issue, whereby central banks will be overstepping Congress' jurisdiction.

Great interview- I think there are several smart contract platforms , like Theta//tfuel that are far better than ETH, Nothing but resect for VB being first to market..... but 3-6-9 dollars for gas is crazy....too slow and too pricey

I would be very interested to know if Pomps views on Eth and the fact that defi will eventually move to bitcoin has changed the view Raoul thinks about eth?

Great stuff!

This is sooo fascinating! Many thanks going out to the RealVision Team. This is so nourishing for the mind. Cutting edge information at its core.

I can't see Central Banks creating personalised monetary policy. CBDC's in theory will likely allow technology potential to do this but I don't see elected officials allowing anyone else to pick winners and losers in society from policy than themselves. Elected officials, where CB mandates come from see this as their role. I also doubt CB's (i.e. nearly all career economists) want this role. It seems we are generating technology which will no longer be the constraining factor of policy implementation but governance and mandates will be.

I love how Pomp stumbled on to what is Raoul's Crypto Investment thesis - "I didn't want to know how it could go bad (XRP, ETH), I just wanted to know how it could go well." Explains a lot about RV crypto commenters, too - they're more of the "great interview, awesome" category instead of seeing fundamental flaws and playing devil's advocate to drill down on an idea. Pomp is a good example of "Survivorship Bias", in the sense that he stumbled into good things over and over. Hey, people have won the lottery twice, so there is that. Just interesting to see a live example of such.

Jersey Shore meets Global Macro Investor

interesting interview. I haven't heard of him before, which probably isn't something I should write based on the comments below. A quote that popped into my head repeatedly throughout the interview was "It Ain’t What You Don’t Know That Gets You Into Trouble. It’s What You Know for Sure That Just Ain’t So". He is beyond convinced that absolutely all roads leads to BTC, and that all other projects will and must default to going back to using BTC as collateral or as the base layer at some point. I can't even pretend to have an opinion on that, but it strikes me as a rather big assumption to make. or, at least something you don't want to get wrong. hedging the risk of getting that wrong by investing only in BTC projects and layer 2 BTC seems a bit odd. another terrific job by Raoul. Loved the part when they discussed the consumer application of sending money. There seemed to be some levels of complexity of that product that Pomp hadn't fully considered. The logic of "we have done some work which you have yet to do and therefore we are better" is probably true for now, but if the incumbent disrupts itself, the current customer base is not very likely to change.

Anthony, gold does not have to prove its scarcity to the last ounce, because it has redeemability, which is a feature that bitcoin lacks. Hence, the value that you think should be attached to perfect scarcity in gold is not there. It is not necessary. Valuation is always on a relative basis. Bitcoin, on the contrary, is by definition an unredeemable asset that, to be used as a medium of exchange, requires that scarcity be proved to the last bit, to avoid counterfeiting. Gold also has other features that decentralized crypto lacks: fungibility and low volatility. I know fungibility is currently being addressed via layer 2 developments, in crypto but that only goes to show precisely an inferiority, in that particular aspect. I think that the error here is to think of gold or bitcoin as assets or objects in themselves. Humans do not need assets to exchange indirectly. They need money, which is an institution, that is, a protocol to address the non-computable (in the Turing sense) problem that indirect exchange poses.

Outstanding interview! I really admire both of you for the work you do for our blockchain ecosystem.

Bitcoin maximalism contradicts what Bitcoin stands for, freedom. I never understood what makes people think that there can only be one because in a free market, this is impossible. You don't need defi on Bitcoin. Bitcoin is fine the way it is.

At what time in the video does pomp give out his price prediction on btc?

Interesting interview -- thanks Raoul & Pomp! Once DeFi / DEX technology has been fully developed / implemented, I'm not sure there will be a need for a "reserve currency." Agree, investors will always seek out "store of value" investment assets, but I don't buy into the BTC reserve currency narrative. In time, there will be tokenized versions of traditional commodities, as well as multiple options for digital "store of value" assets ... IMO, he's a bit over-sold on the BTC narrative.

All i hear is "Ahh" after every word and honestly nothing of substances .. am i the only one ? .. honestly seems like Pomp just got lucky right place right time .. no technical experience , no novel ideas, little subject matter experience .. Am i the only one that thinks he got lucky .. i mean best of luck to him .. but he bashed XRP after SEC announcement .. and the fact he just bashed without looking intot he coin or the allegations with the added leverage of his follower counts .. does he not seem like a bad person to give this much power via influence tooo.. RP was so much better in the interview iwth AP then the other way around .. I just realized ive only seen AP's stuff where he is interviewing and has time to prep ... now i see him being asked the question and see how slow his brain works with the amount of "Ahh"..

The whole point of Bitcoin is exactly that you don't have to trust anyone because the network is trustless. This the Byzantine problem. This is the majesty of the software of Bitcoin. It solves the Byzantine fault and the receiver doesn't have to trust the sender or vice versa because that is handled by the software. You don't need to trust that someone will send you 1 Bitcoin when you expect that because the software removes the possibility of any fraud.

BTC Maxis are just to confident in their opinion, that there will never be a better invention like BTC. BTC is great now, but it doesn't mean that all the other developments have no chance. e.g. Etherium2.0 will burn Ether at the final stage of the development cycle. If the developers can pull this off, stock2flow model of ETH will dwarf BTCs. In this case, there is no need to rebuild DeFi on BTC chain. ETH will be the collateral of DeFi. It is a long way to go and I am not saying that ETH is better than BTC. I am just saying that BTC Maxis have a narrowed view and that is in general never positive.

OUTSTANDING...thank you very much...great program

Best 1.5 hour interview ....Thanks ...

Great session. Enjoyed and learned a lot. Thanks Raoul and RV.

Solid comment and 'thesis' regarding the adoption of BTC over the past decade (no financial incentive trying to shortcut adoption) and allowed for natural adoption vs. using short-cuts to get quick adoption (see chapter 6). Today, people want everything now (not willing to wait patiently for natural adoption) and this attracts people only for quick financial incentives which work for the short term but not the long term. Both BTC and ETH will work great together.

Hi all, Zap sounds interesting - Coinbase is yet to support. I'd like to learn more before deciding on a small investment or not. Any advice on where to begin?

Now you know what you should do, Raoul. Go your own way and call it « Pal’s rich pals » (call me if you want the rights to this one, though ;-)

Best Crypto Video I've seen here so far.

Pomp, even if you believe that gold's scarcity is a myth you have to agree that it is more scarce than FIAT currency, and that the vast majority of the world views it as a scarce monetized commodity. With that in mind, and taking into account your narrative that monetary value is primarily derived from scarcity, why are corporations sitting on piles of cash and how do you explain this: Gold market cap: ~$11 trillion Global money supply: ~$100 trillion

When I watch an interview like this I think- Don't confuse brains with a bull market. My view is if BTC rises which it will most likely in this cycle, all defi assets will increase. Rising tide.. But I'm way more interested in ADA Cardano, Ethereum, Link, Polkadot, as well as some much smaller defi protocols- dig around and look at how large the engineering community is and how many commits these projects are deploying on github as a measure of future adoption and growth within the engineering community. Always glad this content is here for us and thank RV and Raoul for creating this community. interesting rankings in terms of commits : https://www.cryptomiso.com/ Be well ladies and gents.

I have never seen a critique of Ethereum's issuance model address the fact that the developers are actually stake holders and a large amount of Ether is held by the dev fund. It is in their self interest to reduce issuance. They are not the recipients of newly minted tokens, and they are not benefiting from maintaining it a current levels. These critiques rarely ever recognize that issuance is nothing else other than a form of subsidy to the secure operation of the network. The ability for a cryptocurrency to survive without this issuance is entirely reliant on the revenue it can generate from transaction fees, and Ethereum is currently generating twice as much revenue than Bitcoin. In addition, there is an overwhelming consensus that ETH 2.0 + EIP-1559 will result in sub 1% (potentially deflationary) issuance with a 3% yield to long term holders. The result is a higher net store of wealth (when compared to a non-inflationary asset that does not provide yield) with negligible risk. The most important thing to remember is that bitcoin as a hard-asset cannot be separated from the technology and it's utility and capacity as a payment rail. We are witnessing a degradation of the utility as bitcoins are externalized via wrapped tokens and by the wave of new custodian services that are coming to this space (Paypal is just the beginning). Bitcoin skeptics keep hitting on this point, but I have not heard any meaningful answer to how this trend will be reversed. Remember, issuance is a form of subsidizing decentralization. If an argument can be made that the financial incentives to operators (miners/stakers) are excessive or insufficient then an argument can be for the implementation and execution of a dynamic monetary policy. How is an arbitrarily picked issuance schedule determined during the genesis of a new highly complex system is supposed to be efficient and effective through its lifecycle? Bitcoin's certainty of stability sacrifices the possibility of efficiency and it jeopardizes longevity.

Pomp is 100% spot on when he talks about the adoption curve of these networks. Ethereum and it's defi ecosystem is a solution looking for a problem. Important experimentation for sure, but it's not solving any real world issues today. Perhaps it's closer to doing this in 5-10 years, but by then the SDKs, APIs etc on Bitcoin will be orders of magnitudes better which will let people build these things on a sound protocol.

Raul, that interview wasn't just great - it was GREAT! Two of my favorite commentators keeping me spell bound for two hours is just the way I like to enjoy an evening. Thank you and thanks Anthony. mdl

thank! really enjoy listening and learning

This was the one that I wanted to see...Brilliant interveiw Raoul! Thx RVC!!

Love Pomp, but the maximalism is tough to watch. He talks about being open minded, yet seems to think there is only one future in this space...

Long Bitcoin , Short The Bankers!

almost cringey maximalism, everything going on to ETH...Raoul the man

Although I highly respect Anthony’s achievements, his level of bias would scare me if I was to trust him with my money. We can see multiple times during the video on Raoul’s face that Anthony seems to lack what the greatest investors all have in common: a truly unbiased opinion together with an « I know that I don’t know » mindset. It will be interesting to see if Anthony manages to find some other great investments outside of BTC but I am afraid that if he doesn’t change his mindset he might miss out on other (even better) opportunities.

Real vision - thank you so much for providing an alternative for thinking people to the hundreds of you tubers schilling the latest defi coin. Its refreshing, educational, interesting and exciting - especially for business or technology people who came to crypto with less understanding of macro economics.

That was really really interesting. Thanks.

I already gave up on Pomp, he's delusional. Trying in every way to put Bitcoin at the center of the narrative. He says that some individuals control Ethereum's monetary policy and that they may decide to increase ETH issuance, yes that is true. But nothing prevents someone from forking Bitcoin and adopting a monetary policy with more inflation. It all comes down to adoption, if some individuals decide to modify monetary policy on Ethereum or any other blockchains people can leave, they can fork the blockchain and adopt the fork that interests them. I'm already tired of hearing this bullsh*t that only Bitcoin is sound money, as if the definition of money was something black and white, when in fact it is full of nuances.

Thank you, for both your time. Seeing you both enjoy yourself during the interview is special.

Crypto is Tether. https://crypto-anonymous-2021.medium.com/the-bit-short-inside-cryptos-doomsday-machine-f8dcf78a64d3

Question.... (Im just learning) and was wondering) Bitcoin is only going to have so many coins 21Mil. The miners are paid to process transactions and are paid in new coin. When the halving stops How do the miners get paid? If they dont, who processes the transactions? I dont mean to be dumb but just wondering. .

I like the narrative of money... but i cannot agree with "Fact-based works". It IS all a belief system, a trust system. These systems are narrative based. This is presicely why joe next door would be more happy to get paid in Dollars than in Pesos and in GBP versis Ethereum/Bitcoin or XRP. For now. Belief system is changing. This changes narrative. With exactly that - Time, we can accept and regard the likes of bitcoin as "sound store of wealth".

The military is the biggest fraternity in the USA. Do your time and join the club for life.

How could Bitcoin become the world's reserve currency with such limited supply?

1

Pomp @ c.1 hr 37 min: <em>'So we're recording this in January 2021; I think by, uh, the end of January 2022, so basically two years, give or take.' Hmm . . .</em>

Pomp's thinking is shallow and with various biases here and there. I think his success is as he pointed to indirectly is that is seems good at building and maintaining a network and that is powerful. The bitcoin community historically has been against allowing tokens on its blockchain for respectable reasons but I can't imagine a bitcoin based DeFi product where one takes a bitcoin loan rather than a stablecoin loan to go on with one's business unless we get to this "bitcoin currency reserve system" dream which is a possibility but burdened with fights. I'm not saying it won't happen, I'm just saying that borrowing bitcoin rather than a stablecoin is a fool's game as I don't know if I'm going to return 20k or 400k next time when I have to honor my loan :)

Pomp's got some heavy btc bags.

Great interview. Can see why he's done well in the VC side of things i.e. back talent and get out of the way. Raoul has a great interviewing style, relaxed, conversational, and definitely not slow to push back here he disagrees. Great job

I work as a loan officer. Big fan of Pomp, but I have to disagree with what he said about getting a mortgage without interacting with someone. I'd be curious to know how these loans are closed without being notarized, or how title issues are resolved without clarification from a human. Most of the "digital" mortgages just have a flashy website for the initial application but behind the scenes it's still just people pushing paper and making phone calls. Also, I wonder if he's undermining the rest of the cryptocurrency space by thinking that BTC will be the end-all-be-all. Perhaps BTC provides collateral and a SOV, but it hasn't been engineered for defi and its simply not good for many other use cases (yet). You just can't underestimate the human capital that is involved in ETH. It dwarfs the number of developers for BTC and a large number of other projects combined. Also it's now possible for BTC to interact with the ETH blockchain through wrapped BTC, so I don't find it likely that we'll bring defi to BTC. More likely, we'll bring BTC to defi. The world is big enough for more than one blockchain. I was happy to learn more about Pomp during this interview, though I found myself disagreeing with his views more often than I thought I would. Thanks for having him on.

Pomp gets it

really enjoyed this. so many good funny points, genuine story. good stuff. not sure about only the two kinds of people. ;) But I do agree I look into the "Problem solving" personalities.

Outstanding. Learned alot! Thank you guys!

excellent video