There are many good frameworks through which to view the emerging digital asset world. To build on Vitalik's comment (that the 'Ethereum ecosystem is like a national economy') from the other video, one might see how in this digital world other 'national economies' will optimize around the key Ricardian idea of "comparative advantage", just as in the real world. Optimizing for 'transaction speed and throughput' is different from optimizing for 'highly secure store of value' is different from optimizing for 'highly complex contracts', etc. The law of comparative advantage would indicate that the global digital economy would be far more productive if each nation specializes according to its comparative advantage and works together, not separately. Tribalism, like nationalism, leads to a suboptimal game theoretic outcome.

In a digital world, there is no reason to own just one asset. When all the world's assets can be traded through an app, and we have algorithmically rebalancing portfolios, it would be ironic if after hundreds of years of technological and financial innovation we end up with just Bitcoin. That being said, Bitcoin has great potential and upside, but the maximalist/hyperbitcoinization view seems flawed. People will always want to invest in the latest hot tech company, which is why Tesla is up more than Bitcoin this year. People bought Bitcoin in 2017 because it kept going up, and they stopped buying after it stopped going up, They will likely buy it again when it goes parabolic, but not because they believe in Austrian economics.

Thank you ...

Technological Problems Bitcoin Must Face Soon https://cointelegraph.com/news/how-has-the-covid-19-pandemic-affected-the-crypto-space-experts-answer

Stephan is a pleasant person, but as one of the 1000s of bitcoin podcasters didn't bring anything new to my plate. Only show with Raoul that I stopped watching before the end. IMO, Stephan isn't on the same level as a Simon Dixon, Max Keiser, Santiago Velez...

Stephan is great. Thank you RV.

Raoul doesn´t know what the difference between POS and POW is. I don´t know if that has changed by now but just keep that in mind when judging his crypto content. I LOVE Raoul but in that particular aspect I don´t listen to him.

Good discussion. I would like Mr. Livera to state what he means and an example of an Austrian School synthetic a priori truth. Could they be instead be assumptions to play the money game? DLS

Question: In the age of big data, how relevant are these debates between schools of thoughts? Market free of govt.intervention was magical as long as govt. knew much less about our wants/dreams than we did. But now the newly married couple (surveillance capitalism and surveillance govt.) knows more about us than we do, + it is seeing the macro picture better than many of us, + inequality can't be addressed by free market. May be we need to dig for some viable middle ground.

Thanks Raoul and Stephan. For me personally, having these philosophical discussions give context and therefore meaning to the crypto space. The thing that I think about - not too indepth at the moment but someone might have an answer - is that when it first came out BTC wasn't backed by anything. It just was - a means of exchange. We remember the pizza or people getting paid in BTC to write articles. Now... what's backing it (rhetorical question)? Or what is it backing...? There may have been a subtle shift and these discussions are good to clarify or identify the correct narrative. Thanks.

I recently learned of the scandal involving Tether manipulation of bitcoin during the 2017 bull run. I would appreciate real vision experts and members input into this matter and what it means for cryptocurrencies.

Bitcoin Maxis are sounding as weird, stubborn and radical as Gold Bucks. The only difference is, that the Gold Bucks are stucking in a narrative of 5000 years and the BTC Maxi’s in 2017. Raoul is much more knowledgable than the guest. BTC Maxis have to be educated and helped to see the digitalisation of finance. BTC as digital gold is one asset and one aspect of the new monetary world.

Rick, There are different categories of crypto currencies that achieve different purposes. Bitcoin is in a category of its own, it's proven out its use case as digital gold, magic gold, gold 2.0. It has the ability to develop further use cases with upgrades and software stack development. There's stablecoins which are a token that acts like a digital fiat currency (USD) or gold in a vault. The rest are called Altcoins or shitcoins. The best Altcoins are experimental in nature and highly speculative, high risk investments that have computer science challenges yet to be conquered at scale. The majority however (99.99%) are a smorgasbord of things from scams, Ponzi's and casino trading games. They are often backed by VC's or whales who provide money for large marketing budgets and even some software to mislead investors into buying what effectively money they printed out of thin air. Governance token's are new, they are probably all shitcoins. Some open source software projects mostly built to be used with ethereum have seen considerable use this year, surprising many (the DeFi by bubble) including myself. In order to cash in on their efforts developing the software they created governance tokens. Basically it's a crypto token that acts like a share in a company, only it just gives you voting rights. The idea is that people can buy these and vote themselves a dividend or something thereby giving them value. The reality is much different however, they are mostly just used to trading games of Ponzi chicken amongst whales and act as another vessel for printing money allowing VC's to exit and whales to take money for newbies. Stephan is a bitcoiner extremely well versed in the it's monetary and technical properties, and is well placed to shoot down the attempts of shitcoins projects to mislead investors.

I dont buy the point that bitcoin is better than gold because of decentralization and cold storage. The US goverment took people's gold, if they really want they will do the same with Bitcoin. Right now it seems they have no such ambitions. Otherwise a solid interview.

Why is this video not available to watch? I have the Essential tier but thought Real Vision Crypto was free?

Dangerous to let Stephan Livera on here. He might stop people from seeing the glory behind maker, aave, yam, sushi, and all those DeFi "gems". Governance tokens make penny stocks look like Swiss treasury notes.

eye bags are caused by liverproblems. intresting his name is livera. most on topic cheers

Is there a way to listen on 2x speed here like there is on YouTube?