Comments
Transcript
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AX.
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PSGreat overview of defi, I wish it went longer. It was nice to discover Mark, I enjoyed the way he phrases information. Alex is one of my favorite voices in crypto as always. Idk why Meltem is receiving so much dislike in the comment section? Some people don't like the way she talks? Have you hung out with Millennials or gen Z'rs? We literally talk in memes. I think the diversity she brings to this group is good. She brought up interesting overviews of ideas such as -Separating Money and the State. -Bitcoin as a social movement - The power behind the story of the "Dollar" in other countries To say she brought no value to the conversation is ludicrous. I'm a millennial male and though I prefer more technical and in depth analysis of crypto, that's not everyone's cup of tea. I think she appeals to the crowd through stories and ideas and even though these ideas might not appeal to you, they do appeal to others. I've talked with two of my friends about crypto and defi and the part that most appealed to them was the idea of a social movement. They could care less about all the technical aspects that I get excited about. Lastly, it's interesting that people noted that she cursed. I didn't even notice it. Maybe some people have kids or see it as "unprofessional" but I could care less.
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SRA certain 'high-level' committee formed by the Indian government just recommended a blanket ban on all non-state crypto. Seems like 70 years of analog socialism and the unimaginable poverty that engendered wasn't enough for the current dispensation that is allegedly 'pro-development'. That said, it is the same leadership that thought demonetisation was a great idea.
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JMMeltem just gets far too preachy in this for me, She takes it off topic and just oozes self pity. Not the best RV video
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RLYea Meltem is a bit annoying. She seems to take on this persona as someone that doesn't know anything when really she thinks she is the smartest in the room. She just seems to lack confidence but wants to be the center of attention. And worst, privileged. Relax.
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DCMeltem adds nothing and sometimes detracts from the quality of this discussion. Minus Meltem next time would be better
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MAI like the idea of Banks losing the advantage of their privilege over a more competitive open finance system. However Devils advocate.. while DeFi will be transparent because of the nature of the open blockchain, that doesn't mean the people writing the smart contracts are going to be any more equitable than the current banking system. And it certainly doesn't mean that the average consumer will magically start reading the terms of service fine print of smart contracts to defend themselves against inequitable smart contracts.
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EAGreat points made. Mostly the evolution from the state and religion point. After the conflicts and wars post-WW2, the governments lost the control and the greed in the street and the unfair taxation led to the financial inequality that we see it today. Even pre-pandemic the level was so unbalanced between boomer and millennials, there had to be some big things to do. I think the crypto is interesting, innovating and challenging. I support it, I get it. It touches the open source software and has a great network effect I get it. But it is not low energy, not natural at all. Assumes we have energy, electric, network fully functional at all times. It is just a software means of sharing and distribution of the value. We have had other solutions like metals. The gold/silver/platinum trio is well-tested, working just fine. Has its own challenges but far more battle tested and low energy with real anonymity as opposed to blockchain. Meltem had a point separately made on her stream about crypto being a proxy for energy. Perhaps later they will discuss this too, but I dont think it is a compelling argument.
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JPShe sounds dumber than she is with her constant cursing.
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MRGet this crew back for a 2021 update! Fantastic forum!
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LKMeltem seems like a very intelligent woman, but I just can’t listen to. 30 something woman (or a teenager for that matter) who sounds like that.
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JDThis recent podcast goes deeper into the topic https://www.whatbitcoindid.com/podcast/why-bitcoin-wins
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VPWhen was this interview recorded ?
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JWIf a government makes it illegal to transact using BTC in it's jurisdiction (think the temporary snafu with Ripple) and the law is enforced by jail time, and exchanges are not allowed to off-ramp to fiat, effectively the value of BTC in that country would be what exactly? Where is the value under those circumstances? Sure, all kinds of instruments/leverage/alpha in the short term, but when the king declares the new coin of the realm, and if it is not BTC...
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NDMeltem ... chill bro lol
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MSI think that the only way banks can really stop DeFi on its feet is by lobbying their respective governments to go back to the gold standard. DeFi is inferior to a digitalized gold standard with 100% fractional reserve. There is a reason why, over thousands of years, humans decided that the institution of money, which is a protocol to address the non-computable nature of the problem posed by indirect exchange, should be redeemable and fungible, among other things. However, the big banks of today belong to no one in particular, their management have no skin in the game and will not take the hard, long road of the gold standard.
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JBYou got the names in the right order in terms of air time. Wish I knew that before turning on.
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JPGreat interview.
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JPAlso. Does “learnings just mean” lessons? Why did we need a new word?
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BSThis one is a masterpiece. Really enjoyed it on Crypto gathering.