Comments
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CBPretty vapid and rather negative interviewee here. Fits with his general reputation on crypto twitter.
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EvWow, never let engineerings invent shiny things? Nice paradox, this is exactly how bitcoin was created!
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BSReally good interview from Dan! Bullish on Bitcoin
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MDA genuine question - btw great discussion, thanks. I won't debate the content, but an idea I had (which I might patent....?) Could BTC be brought down by making it ultra-transparent? A little bit like the on-chain analysis. Could I publicly post ownership details from the decentralised blockchain? Would that turn everyone off using it. I might post this on the exchange if no one reads these comments...
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SvI just can not shake the view that this is "the Big Con"! Everyone is told to "believein it" or to "have faith" in the value of Bit coin and that it can not be crashed or hacked. Yet, it has no value, and any modern government can take it down at any point in time. No modern nation is going to give up control of its currency. With currency we have faith in our government system, in bit coin we have faith in the perfection of an unknown computer programer. I am amazed that these guys all say the same thing, " I don't know how this works, you just have to have faith." I think i'll stick with gold for now.
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MRTerrific Interview! Crisp points, and the Bitcoin thesis was well articulated by Dan. Bullish.
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JTDan Held was an undergrad studying finance during the GFC, same time I was an MBA studying finance. Interesting how we both became gold bugs initially, both distrusted the system. I really thought of Bitcoin as a scam for the first bunch of years though. My views only changed this year and now align with his 100% in that Bitcoin really holds the unique value proposition, and that the returns over the next 2 years will be fantastic. I'm still accumulating, at 6% of portfolio but aiming for at least 10%.
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MBThe "engineering shiny thing" was a great analogy to the crypto space outside Bitcoin proper. A great interview.
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CSAs a software developer, I appreciated the time spent on product development. Thanks!
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scI think it's too early, way too early, for anyone to make definitive statements about when BTC will fulfill its use as currency. Look to the numerous countries where the people are turning to BTC because they have lost faith in their own currency, ie. Venezuela, Turkey, Iran, China (and Hong Kong), African nations, Colombia, Argentina, etc. To think this evolution has taken place in such a short time, without a single government backing; indeed, rather a lot of government animosity, it is near miraculous what BTC has achieved so far. A final word for the naysayers: A) If you don't believe in BTC, simply don't invest in it. B) If you are worried it might work out, put a small percentage to work in it. C) If having researched it fully as best as possible, you believe in it's long term viability, invest more than just a little in it. As for me, my stock positions are up over 55% this year, my gold, silver, and miners have yielded 69%, and my BTC has increased 157%, YTD. Just my two cents. :)
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RPI found the extended history fascinating and it was very useful when sharing it with some younger members of my family to better understand the culture of the crypto space. It’s clear that the millennials have an emotional attachment to what crypto is all about- something that the older crowd here may not understand.
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TTI understand the concept of the 21,000,000 BTC limit and scarcity. The issue with Bitcoin (and crypto) for me is disruption. What if another cryptocurrency emerges with superior transactional speeds and/or other edges that disrupts bitcoin? For me, that is the ultimate problem for Bitcoin....disruption destroying value via the willingness of the current holders to sell and move on to the next disruptive crypto asset. I just don't get why crazed bitcoin bulls which saw bitcoin disrupt other 'currency' types fail to conceive of the fact that bitcoin itself can have it's value destroyed through disruption. I think that's part of the reason we haven't seen bitcoin move even higher. During it's parabolic run we saw so many additional crypto currencies come to market with 'supply' and many of these had superior technology.
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AMAsh, Great interview but what a superb question to ask at 45 minutes into the conversation. I literally said "WOW. " Loved this episode. Thank you for sharing the immense knowledge you and your guests have in this space.
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MSI am interested in all things crypto but this is the first time writing something like this. I am not interested in watching a vid talking about the history of bitcoin culture thats 54 min long. A topic like that should be 10 min max. If there were other topics in this video outside of this, the title should have captured that because I ended up deciding not to watch this.
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DXtypical bitcoin maximalist with extreme reality distortion ignores early evolution of BTC from "peer to peer digital cash" to today sound money disrupting central banks sound money was clearly built in to the design of bitcoin but so was an intentional to be usable cash, which bitcoin today is not meanwhile numerous other blockchains or crypto projects are explicitly building with a product first mindset, ETH being the most obvious and successful example, which added programmability onto a blockchain but that is lost here the intellectual myopia of bitcoin maximalists is depressing
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RPPlease post the transcript