Comments
Transcript
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DJUS constitution should be amended for Bitcoin! I really laughed at that one.
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DJIf you listen to these guys, Bitcoin literally solves all problems. It can even stop wars!!
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SvGreat interview!
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CHFor what it's worth: Pierre's views are not representative of all Bitcoiners. My own "maximalist" standpoint comes from a technological point of view. Not an ideological one. So even though I really appreciate the ethos behind Bitcoin, I don't agree with everything Pierre is putting forth from an ideological standpoint. Just pointing this out as it can be good to keep this in mind when listening to evangelists who don't make clear distinctions between "Bitcoin the technology" and "Bitcoin the movement".
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AHHave a drink any time they say "right" or "like". Is like, too much, right?
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CCThe proliferation of guns in private hands led to the reduction of foreign invasions????
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WTFrom an interview standpoint, this was a little annoying to listen to. The interviewer followed this pattern: 1) ask a question, 2) try to guess the answer the guest might give, and 3) then ask the guest if he agrees with the interviewer’s opinion. It would be much easier to listen to if the interviewer asked a question and then stopped talking to give the guest a chance to answer. My two satoshis, fwiw.
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SVInteresting view into the mind of Bitcoin maximalism, sound money theory, and anti-Keynesian economic theory from the Austrians. One thing I found odd was the "no one holds USD" comment. I think Mr. Rochard needs to have a good discussion with Mr. Brent Johnson about this proposition around the desire to hold the global reserve currency, particularly in time of monetary crisis. That would be worth watching. Regardless, I found this conversation extremely insightful into the process behind adherents of the protocol and I look forward to hearing more. Thank you Pierre and Sebastian, great interview!
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FRNice interview. But if someone could respond to the following questions I would highly appreciate: (1) How would a hard money system bail-out thousands of of small businesses after a natural calamity/pandemic etc. if new money can't be printed? Isn't it the case that the most painful economic depressions happened under gold-standard (hard money) system? (2) How would a hard crypto monetary system address extreme inequality when we know that bitcoin ownerships are not equitable? (3) In a deflationary system, nominal wages must decrease over time, how easy would be to make workers accept lower wages?
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DPgreat interview! you should make short clips of it for YouTube. very educative
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PAAsh should have interviewed Pierre, no offense to Sebastian, but he clearly still don't understand Bitcoin in a deep enough level
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LS'Champagne, yachts - that is wealth because you can use it'. For what though, really? When can wealth be an ecologically regenerated wasteland or not for profit e-waste recycling facility or something?
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JLI really liked the part about the upcoming developments. I absolutely didn't know the bitcoin protocol could be upgraded to surpass some other cryptocurrencies' features like chainlink (within limits of course).
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RWClever, interesting, arrogant
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FRListening to this while sitting on the floor because I sold all my chairs to buy BTC. I love listening to Pierre the auditor, he's just a great first principle thinker. It drives me nuts when people say that the only advantage of BTC is being the first crypto and the related network effects. The reason why BTC is first in class is because of the way it was conceived and distributed, and because of its monetary policy. Network effects are a by-product of the existence of a global protocol in which we can trade the hardest asset/commodity that humanity has ever seen. He's 100% right in saying that attributing the success of Bitcoin to network effects is tautological. Additionally, I would argue that in cyberspace, where borders are non-existent, you get a winner take all environment in a long-enough timeframe. Hence the whole discussion on altcoins having a space is futile imo. Think about it, if it was not for local laws and governments almost everyone would be trading in USD and T-bills. Dollarization of economies has happened and still happens without fail as soon as a monetary base hyperinflates. Only next time we will have a bitconization. Trade shitcoins, accumulate BTC!