any truth to the rumour that 4 percent of addresses hold 90 percent of bitcoin? As a massive fan of BTC, I find that somewhat concerning

Always enjoy listening to Simon, whether you agree with him or not. He thinks 10+ years ahead of everyone else!

I've been following Simon for the past few months. He has eloquently summarised his beliefs and vision of the future in this interview. Thank you Simon Dixon and Real Vision

Great interview. Ash excellent questions. Loved Simon’s view on speculation, bang on the money.

I found Simon's final summation compelling. It is exactly why I started watching RV.

Great job Ash. And with a great guest. My two favorite interviewees are Mr. Dixon and Mr. Richard Werner. Gentlemen, scholars, and you can tell - solid men.

I own some bitcoin, but I see it as an insurance policy. For now, bitcoin is a collectible. If it becomes money (writ large) or pristine collateral as Raoul often says, it will be the first time in human history that something with no intrinsic value did so. Note: I don't count fiat because it's only money because people with armies and nuclear weapons force it upon us. Bitcoin doesn't have a nuclear armed sponsor. Commodities and metals have filled the money role throughout history mainly because they have intrinsic value that can be realized at a later time. Sure, it could happen with bitcoin and it has undeniable scarcity benefits over commodities. That's why I hold the bitcoin insurance as a hedge, but I think it's a low probability long shot. My allocation is less than 1%. If it goes to $0 I won't be hurt. I wish RV would be more balanced with their viewers about the bitcoin risks. It will be tragic if RV members lose a huge chunk of their savings in the event that bitcoin goes bust, especially since most came here for democratized financial information.

Great! interview Ash and Simon. I think the quality of the interview is reflected in the comments - very thoughtful and intelligent. People want to interact with the discussion with Simon and Ash. I was really impressed the first time I heard Simon on RV earlier in the year, and he has backed it up here. Thanks lads.

I learnt so much from this interview. I find that Simon presents a balanced, pragmatic view of the new crypto world with respect to the conventional global economy. Ash Bennington, as always, has been a great interviewer. This is easily one of the best sessions for me. Well done guys!

Great interview by Ash Bennington. He asks all the right questions to one of the most knowledgeable people in the space.

This interview was awesome. I respect that he is a pragmatist of the current situation we are all in. Learned lots!

Interesting how Simon Dixon conflates the idea of socialism with democracy at about 15 minutes in.

Even though this comment would gather a record number of down votes, I would like to take an issue with the title of this video, along with a couple of other things. Bitcoin is not hard money. (Neither is gold.) There's only one thing in this world where I agree with Ben Bernanke. He was right when he said, that gold is not money, but an asset. In theory, you can use gold as money, but in practice you won't. The same very probably applies to Bitcoin. I personally like to hold assets and use money. I can't do both with the same instrument. To irritate the die-hard bitcoin maximalists even further, I might add, that Bitcoin is not a decentralized network. A proper network is one, where new nodes either increase its capacity or its functionality. Bitcoin does neither. Adding nodes only increases the redundancy of the network, both in terms of data storage and transaction processing. For this reason, Bitcoin "network" can not have any network effect, not at least in the traditional meaning of the word. Instead, Bitcoin it is a massively redundant central asset creation platform, where the asset creation process is decentralized between the copies of the database of the platform. The trust on the platform is based on math. There's absolutely nothing wrong with this. You just need to understand, where this kind of platform and the asset that it manages, has its place in the big picture. Because it is not a network capable of inherent decentralization of trust, assets and logic, it cannot function as a foundational layer of any decentralized value management network. Instead, it can be a component, that can be plugged into such network, that IS properly decentralized in terms of trust, assets and logic. The following is my last point, that probably irritates some folks :-) I have the impression, that most members of the current crypto community don't really think in terms of full decentralization. They don't have a proper mental framework for that. To wit, Bitcoin is often referred as the math-based replacement of a central bank. None of us is old enough to remember times, when there were no central banks. It is a historical fact, that such times have existed and that there was a functioning economy even at those times. If you want to imagine a fully decentralized economy, you need to remove all those mental models from your head, that have any aspect of centralization. It is much harder than you might imagine. Sometimes you need to go back 100+ years to find the right mental model. What do I mean with the above in practice? It is a very useful mental exercise to think of the most decentralized way of creating money possible. Here's how I see it: Alice and Bob know each other well enough, that Alice can buy a good or service from Bob by promising the payment in a month using an unit of account that both agree. To reduce the risk of the transaction, Carl is invited into the transaction as a guarantor. Carl knows Alice well enough to be able to price the risk. Carl also has some collateral to back his guarantee. Now we have essentially created a money-good instrument. If we make it transferable and divisible, we have created money for a month, in the most decentralized manner imaginable. All the technology needed for doing all this already exists. The last piece, that has been invented (thanks to the core innovations of Bitcoin), is the mechanism for establishing digital trust between Alice, Bob and Carl. What's the role of Bitcoin in this thought experiment? It is one possible candidate for the collateral that Carl holds. Not certainly the only possible one, but actually very conveniently usable as collateral, as its existence can be verified from a very public ledger. Just my 2 sats...

defi pulse(DPI) is a token ether which is and index of top defi coins. easy way to play the space https://www.indexcoop.com/dpi

Great interview, Simon is lucid, intelligent and thinking a long way down the road. Look forward to seeing him back. Like how Ash guides the conversation and clearly knows his onions himself. Would like to fung shui Ash's office, although perhaps we're spoilt from seeing Raoul's gaff.

Great interview, Simon is always very analytical, calm and thoughtful in his approach. In every market, especially one with high vol like the crypto market, discipline is key. Avoiding FOMO, asking fundamental questions, and having a somewhat skeptically oriented intellectual base can save you. Simon has navigated troublesome sees for quite some years, there are few I would recommend to "follow" more then him in this space. His view on DeFi as currently being to risky to invest in for the vast vast majority I wholeheartedly share.

His early thoughts about banking echo Dr. Werner's. See the iw of Richard Werner and Hugh Hendry on RV and a few of his books.

Simon Dixon was an investment banker, I was once a white rabbit. I can't that this dude seriously.

Finally someone who speaks openly about the risks of so-called DeFi, which is a welcome contrast to some of the previous guests who only speak about the benefits. Also, nice to see Simon enivison a world where fiat currencies/CBDC and Bitcoin can coexist, rather than being mutually exclusive.

Two very clever cookies. Ash could find a needle in a haystack. Straight to the point.

Really good - thank you.

Very happy to see Simon back on. He's incredibly insightful and balanced.

This was really good. Thank you so much!

Excellent interview. Simon's commentary always captures my attention.

Excellent interview. Simon appears to have a very balanced view on all the outcomes. A lot of commentators are split into extreme inflation and deflation camps, but I think Simon rightly points out that in a stable political environment politicians and central bankers still have the tools to engineer the outcomes. Ultimately they are more afraid of a disorderly debt deflation or hyperinflation, so will try to engineer a soft default on the debt by allowing moderate inflation while keeping interests rates artificially low as explained by Russel Napier (boiling the frogs slowly so to speak) over decades. Too keep the political situation stable will require global coordination. Otherwise the risk of extreme financial dislocations become very real.

Simon really knows his stuff, especially interesting on DeFi and Ethereum! buyer beware, if you are not a sophisticated investor who understands the technicalities of some of these products stick to bitcoin.

Legend

So much value!

Chromecast not working for me :(

Great interview, thanks.