Comments
Transcript
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PWExcellent summary. With the explosion of new vids, the summaries really help. Otherwise, I'd do nothing but watch RV videos all day. Wait, I have just described heaven after BTC $1,000,000.
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LOWorking for a large enterprise software company i can't wait to see how Ether Enterprise apps can be used in an integral way, will be huge. Great content, thank you for sharing
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SSThe bit about the gaming world. I watched the original Matrix in 1999 and thought it was entirely possible. We're nearly there.
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SSSeems like good content, but I couldn’t watch it, thanks to that unbearable and torturous sound. Why?? Please think of your earbud wearing listeners. Arrrghh...
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GMI get a shock every time from the harsh sound in between videos. You might look at changing this!
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JJWatched an hour of this by myself yesterday and then the final part today with headphones due to other activity going on. First, good video. Super informative. Saved the transcript and everything. Second, when you change between individuals, find some kind of sound effect that doesnt come through the headphones like someone blowing off 50 cal rounds in your ears. The first time that happened, it was unexpected and nearly ruined my evening. Thank you.
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RRHow does ether not eat itself? The more it is used, the higher it's gas price, the less used it becomes...? What do I miss?
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TMCan you provide the chapters, please?
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JCgreat doc!! this is a great crypto news aggregator for anyone interested: https://thedisrupt.org/
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TTIn a bull market, it's hard to escape "stock price bro" thinking. OK, Ethereum's price has risen and will continue, but hardly a reason why it makes life better. It would be great to know what projects make life more convenient for the average guy on the street, not crypto dudes storing/trading/loaning/staking tokens. 99% of people in the world don't care about it. I've asked every Ethereum bull, list 10 unicorns from the Ethereum platform that mainstream people can use today that disrupted an old system? It has to generate income/sales outside of shilling tokens or token clipping. Nobody had been able to name 1, let alone 10. All suggestions involved the shilling of pre-mined tokens by the founders to generate income. If the world of commerce is transitioning to profitless token-based business models, how will this be sustainable? It's a world worse than our current fiat system. It would have been cool if RV stuck to their values of NOT having a view and really investigated what is going on. How useful are most of these projects? Do they make our lives better? * Please don't answer with uniswap bro, more vol than coinbase. Swapping shitcoins for shitcoins doesn't count; it reinforces my argument above.
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GHFirst video seen on RealVision, love the transcript and ability to play without app on. Thank you for this creation!
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JLGreat documentary! Educational talking points to help spark change for generations to come!
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JHI can't get enough of these videos. Really enjoy learning as much I can about everything happening in the space. Thanks Guys!
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DMFed up with no one talking about XRP or XLM as they solve a lot of the issues that are being discussed.
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JAI actually grew up playing MMO's and always was involved in the financial ecosystem. From sitting in East Commons in Everquest doing barter bilaterally to fighting Chinese farmers who were trying to undercut me in World of Warcraft's auction house, there has been perceived value of rare items in these games since they were created. Most often, you can approximate their value based on the time and effort required to obtain the item verse the natural inflation of the game's currency. How this space grows is very uncertain. Mostly, because these economies (with maybe the exception of Eve Online) have always been artificial and centrally managed by the game operator. Modern MMO's sell virtual currency of their own creation which allows you to either buy skins, or in some cases "pay to win" upgrades that give you an edge. These developers can control the scarcity, effectiveness of the item, and even which sub-classes (thnk the profession of your character) can use that item. I am unsure how items created in a different world would interact with other games without some sort of agreement between these developers. Maybe a company like Steam would be in the best position to create an ecosystem that niche developers could sign up to that would need to support a common item framework. But I don't see it in the interest of Ubisoft, Blizzard, Cryptic, or Bioware to join a common framework and allow potentially "overpowered pay to win" items that their competitors made the sale on work inside of their game. Profit motives aside, it could also be a nightmare to balance. Maybe developers set the value of the stats of the item, in which case they are motivated to make their own items more powerful than these "foreign" based items. That would devalue being able to bring my Warcraft Flaming Sword of Doom into Star Wars online if it is just made into a weaker version of their Flaming Lightsaber of Doom (for example). It is an interesting idea, but I can see it concentrating pricing power more into the hands of the publishers and make developers have less access to revenue streams if they are not big enough to have their own publishing platform. To make a multiverse item retain its value outside of the game, some guarantee on its relative power verse a "replacement item" would need to be immutable.
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KTAmazing end note from Raoul Pal.
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GBcasting is still broken on this platform
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VDwatching this documentary is saddening because it misses all of the counterpoints...it is really a conversation that needs to take place between engineers not macro investors
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AKNothing against eth, wish all the people promoting it lots of love and success in life. My reason for eth not being a store of value: Supply has been altered 3 times in 5 years. For a digital asset to have any credibility as a scarce asset the decentralization level has to be high enough so that no one single entity can alter the supply issuance. Eth first had a soft cap of 100 million, this was removed, then it would be inflation based with miners determining issuance, miners increased issuance in order to give themselves higher rewards, now core founders have pushed for a complete change of the protocol and a new usage based issuance. Obviously if issuance has been altered this frequently what stops it from being altered again? Well nothing. Eth has unfortunately not shown enough decentralization to withstand powerful actors will to change issuance rates. This makes eth a primary technology play, and not a monetary play. While this is very interesting, it does in my humble opinion fade in comparison to what Bitcoin represents.
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LSBe great to see this broken down into a mini-series, go through those topics and concepts in more detail. Thanks for putting it together, worth a watch. Cheers
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SpNow that we've got the maxi Ethereum case, can we get some critique on these use cases aswell. This discussion brings up old FUD topics that have been long put to bed. Bring on Adam back to discuss why bitcoin doesn't do these things. I'v realised that Ethereum can't really do everything it purports to be able to do. It will do some things, but not all things. As far as I'm aware the Ethereum community still doesn't have a solution to prevent Proof of stake resulting in centralisation. (assuming Ethereum isn't already centralised which you can certainly argue the case for)
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AWThis was not an investigation. It was a commercial.
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RPTo everyone asking "does Hbar, Cardano, Stellar etc compete with Ethereum" It's important to know the network effects of these systems. It is not enough to simply have better technology. Ethereum has all the assets, users, and protocols to use these assets. Things like Compound for lending, Uniswap for trading. Ethereum has all the liquidity. So when you're a blockchain developer wanting to create a new application, where do you go? Do you go to Cardano that doesn't have any users, assets, tooling, and protocols? Or do you go to the platform that everyone else is using, with all the liquidity, and with all the protocols you can plug your app in to? It's just way less work, you don't have to do everything from scratch. This is why it will be very hard to unseat Ethereum as the leader. Every day that goes by, Ethereum just gets more and more useful which makes adopting other blockchains less and less likely.
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DL@49:54 All converging into 1 thing - Waiting for an investigation into Cardano now.
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SHTechnically, how is Ethereum different from Amazon Hyperledger Fabric or Microsoft Azure?
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WGLubin dissing Bitcoin is a mistake and arrogant attitude. Bitcoin is the first and the king of crypto. Bitcoin is finished and fully functional. Etherum has its place but its not on the same level as Bitcoin and its far from being completed.
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CKpast 10 years have taught investors "dont bet against computer nerds." definitely not going to bet against vitalik and the eth army.
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PREthereum 2 just went live. Will be faster as it's based on proof of stake. ;-) [https://beaconscan.com/slots?epoch=0] Polkadot seems to offer the ability to develop entire (side) chains rather than just smart contracts - trying to figure out how this would be used in business terms.
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SBGreat video...however a little over my head...it would be great if you could do a truly introductory video i.e...what is proof of work, proof of stake, etc... Also, maybe bring the conversation down to the "average" guy....how will/can I purchase a vehicle using ethereum? How can I pay my employees using bitcoin?
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HVIt would be great if RV also explored Polkadot and Cardano in the next 12 months as those platforms roll out features that Ethereum is still trying to achieve.
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JSReal vision keeps bringing up web 3.0 and decentralizing Google and Facebook. This is exactly what Hive does, it's an undervalued gem.
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LPJust joined, have been following RV and Saunders on youtube for a while now. Great content in the video and revealing interviews, but I had to stop at 15 minutes due to continual video lagging. I'm on fiber optic (500Mbps) so it must be from your end. I'll try back later, but totally support the new project. Ash is a great interviewer, and Raoul is one of the best speakers I've ever seen, so I look forward to watching things grow.
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TLGuys - great video that lays the path for new entrants into the space to begin their (long) journey of discovery. The challenge for me, having been in the space since 2015 (and being an ex-banker of 20 years) is the lack of true use cases to date. We have seen the era of the 4P's - Proof of Concept, Prototype, the Pilot and the Puffing up of Chests. There are very few of the 5th P - Production-ready applications. Yes, Defi has enormous potential to showcase what can be done, and yes it offers financially rewarding yield farming models etc - but it is all based around an existing echo-chamber containing a crypto-savvy audience (of which I am proudly part) . The DeFi models, however, are only at the very beginning of where we need to be. DeFi represents, in the main, the "pawnbroking model of finance". Give me your digital assets and I will lend you 50%- 75% and my downside is covered through smart contracts underpinning the collateral that has immediate, actual value on exchanges and very little downside risk. The value proposition is relatively straight forward, which means the smart contract mantra of code = law can happen, relatively easily. The real banking system is more complex and based on (albeit flawed) fractional reserve banking, blended together with Institutional Intelligence. Without this the whole banking system would collapse. This presents challenges for DeFi and their coders. Having given keynotes at numerous conferences around Asia I always ask the coders in the audience to detail the % of bugs in their code. Anecdotally this is around the 2.5% - 7.5%. More complex banking systems will have more points of failure. So how does DeFi scale effectively? Not to say we shouldn't pay attention to Defi - we should - but it is not the be all and end all that many believe. Defi is in danger of being an open source petri dish of ideas with existing early-adopting financial players choosing to adopt the ideas. It is the CBDC's that, without doubt, will begin the very challenging and long overdue re-shaping of the whole financial system - taking the best of the cryptocurrency and Defi ideas and embedding them in the financial revolution that is about to happen. Governments and Central Bankers will increasingly come together and the geopolitical battle for digital finance supremacy will begin in earnest. As for the traditional banks, they will struggle to maintain relevancy unless they change their DNA to essentially become tech companies. It will be a fascinating 5-10 years in the financial space and Real Vision are playing a major role in providing a guiding light. Happy to help in any way I can. Tim Lea Sydney, Australia
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OMThanks, great information.
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MDCould Stellar compete with Ethereum ?
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TPI'm a dinosaur. I get bitcoin. The scarcity is its utility. With a small hop and a skip, I understand putting bitcoin onto the Ethereum network. Ethereum can solve some 'interesting' problems. It can solve problems that don't need to be solved. "A solution waiting for a problem" as is oft quipped. In time, I expect it to eventually stumble on a 'killer app'. However, for ETH to usefully solve problems that can't be solved elsewhere, it needs to be 'cheap'. If ETH is at USD 5,000, its solutions are priced out of the market of problem solving. ETH needs to be cheap, like the 1s and 0s that run in to and out of my ethernet port.
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MRWe always knew that Central Banks (Fed. Res.) and fiscal monetary policy (U.S. Gov.) were connected at the hip. The CCP virus has only confirmed it. I think RV is amazing but Raoul's final comment on Central Bank Digital Currency made me have to duct tape my head. Central Banks & Governments (No difference any more) will not let a Decentralized Monetary System exist. I don't think they can stop it but their counter in a Digital Fed. Currency will only serve their purpose in trying to monitor, control & manipulate their citizens. Thank You the content is amazing.
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SJWell done! Please do it again with all the new updates in this space in a year or so!
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ZYOne of the Best Summary on ETH, and all the expert that RV can pull in. I am totally love this format, please explore to different topic like, Gold, silver and bond. The best part is save me lots of time to revisit those video or some video that i haven’t watch yet.
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BHI am not thinking Klaus Schwab of the WEF "who is all things centralized" wants this technology available to humanity. Maybe this is why he and the rest of the DAVOS crowd are pushing their agenda relentlessly right now before their window of oppression closes. Very informative thank you.
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JJI have recently viewed BTC e al as similar to how Cloud Computing rolled out. First you had cloud storage - simple but elegant, and grew into a massive, global behemoth. That's Bitcoin. Then in 2013-15, we saw the true rollout and adoption of the a new breed of cloud storage beneficiaries, esp SAAS software providers that leveraged the cloud infrastructure to make current corporate systems better and more scalable, like we've seen w $NOW and $WDAY. This is Ethereum.
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()Any mention of OMG?
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PWGood coverage of Eth and current/future landscape.
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CWGreat to have innovation in finance but as a techy I can't help thinking Solidity is worse than COBOL.
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KMThe intro song to this was pretty deep, I went a did a cry. Check it out. https://www.youtube.com/watch?v=HJrBMh9bwmY
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CWThe big missing piece is still identity. The fact that online signatures are still a scan of your handwritten one or some rough approximation and KYC involves sending a photo of your passport is ludicrous when private keys are used throughout the internet. Governments could issue citizens their private keys and perhaps a device to sign messages so if they lose them they can renew it and no doubt have a backdoor access to some transactions. Or individuals can generate their own at their own risk and go full sovereign or Facebook and Google will battle to offer to be the provider. That will be a big battle and privacy may or may not be a casualty.
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DFThere are not sufficient arguments as to why ETH the token is a good investment at the current market cap of ~70B. If it is not a store of value, you only need to buy a small amount to pay for fees in a given application. If the fees grow too much, the network becomes almost unusable. If the fees go very low (which is the intention), there is an argument that the token price would also go lower since there is less of a need for it.
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MSAWESOME. I’m in.
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NJIs Swift working on their own swift 2.0 blockchain solution? Cant imagine their are lame duck waiting ti be killed.
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RDCould HBar compete with ETH?
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JHshould I stake ETH now or wait or never?
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WSProbably on the boards, but a suggestion: Since Crypto channel public suggest a "share" ability to fwd the video's to others in the contact list of viewers.
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WSYou guys nailed it again --- love this format focusing on points within prior interviews. This could be expanded to any of the various threads within RV.
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MRI liked the video a lot. Great way to start a new week. Thank you RV!! PS. I am sure some religious BTC Maxis won‘t like this video, as all projects in crypto outside of the BTC realm. 😉