Comments
Transcript
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OOListening to this at bitcoin price above 27,000....hmmm, what a genius!
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JTYou got a word for Brad Garlinghouse? #XRP
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TPOff topic, but is that Brighton?
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BBThis is the best summary of everything I've learned on RV during the last 12 months or so. - confirming that fiat money is private debt creation based, as Prof. Werner explained - that Bitcoin has already affected the traditional financial system, simply by existing as an alternative - that the motivational factors for introducing CBDC's are increasing and pose a significant disruption risk - make sure you have a multi-tier hedging strategy that removes the need for emotional commitment to a single asset class
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JAWho knew Ali G was so well versed in Economics? #booyakkasha
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TNSimon has lost credibility in my eyes by mentioning Max Keiser
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TMWell worth a listen. No hype just interesting facts and details
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AAOne of the best Realvision interviews. BTC is unstoppable.
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PTNeed to get just one or two country's to adopt BTC and opt out . Then the power shifts. Start at home by voting out incumbent politicians thieves !!!!!!!
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AWHe is promoting a $6M microcap altcoin. Does Real Vision have a lower threshold on market capitalization?
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KDGreat interview, thank you
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scI agree that it is the best interview you have done on Realvision this year! I can only assume that the dislike button has been pressed by the 'traditionalists' who do not like to embrace change and those who still do not understand the Crypto space. I do think it is time that Realvision changes strategy with more emphasis on 'Crypto' and maybe a little less on the traditional equities space. My personal portfolio has changed due to the COVID19 and is now zero % equities. Instead, I am holding 25% Crypto (Bitcoin, Eth, Ada) 25% USdollars, 25% precious metals (Gold, Silver) and 25% cash for 'other opportunities'.
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SBThat was the best analysis that i have ever heard as to what the reset might look like. What a good brain Simon has! One day we wake up and are told our US$ bank deposits have been converted to CBDC's. That is very similar to what happened in Argentina in 2000 (except they were converted to devalued pesos). Simon recognizes that CBDC's will be misused, however, but is OK with that provided we have the non - manipulated alternative of Bitcoin as a competitor to that system. Simon theorizes that if a Government seeks to block Bitcoin, another would seek a competitive advantage by adopting it. Maybe, but i fear Simon is overly optimistic. Surely, a CBDC would be global, organized either by the BIS (95% of global GDP) or the IMF, who would engage in an all out war against Bitcoin, banning exchanges etc. In such an all out war, it is hard to see Bitcoin prospering.
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MTI just can't escape the suspicion that Bitcoin is created by and a tool for the Russian intelligence agency, i.e. Putin.
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ABBitcoin is fiat. Bitcoin has no intrinsic value. Since it has no intrinsic value, I must trust that others will accept it as payment for me to accept it as payment. It is ironic that the Bitcoiners and Mr. Dixon do not understand this dynamic. Mr. Dixon went so far as to criticize the dollar and champion bitcoin in this interview. They are the same tool. The only difference is the bitcoin community has "promised" not expand the supply. And even if the promise is kept there will be Bitcoin 2, MitCoin, DitCoin, etc. The supply will be endless. For the financial revolution to occur Mr. Dixon and the Bitcoiners must understand that you need physical commodities tethered to the digital currency. Unfortunately Mr. Dixon does not give credence to this idea, because when asked, he seemed to poo poo Ethereum because it was too "complex". I am not saying Ethereum is the answer, but having digital currency backed by physical commodities is the answer. Also, the storing of gold argument is a complete farce. If you had $5M of gold (which would be a lot for 99% of the population) it would be 2,777 ounces or 173 lbs. It's like storing a few dumbbells in your home safe. Sure, you have to make prudent security efforts, but Bitcoiners act like a nefarious actor couldn't make them give up their bitcoin password if they were locked up in a warehouse where no one could hear them scream.
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ROGreat interview. Amazing content. Congrats! I think would be interesting to go deeper into digital nonfractional banking. How it works. Advantages and disadvantages compared with the current one. And how etherium and tokens could help to "expand" the money supply. And more discussions, including other people, about how to deal with and the consequences of a scenario where bitcoin becomes illegal. Possible unfoldings and unattended reflections of its complexity. Because the ability to keep the traditional monetary system, which will definitely turn digital and highly centralized, in check is the key factor of this revolution to create a better financial world for all. And, of course, central banks will certainly dislike that kind of regulation.
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WTGreat interview! I'm glad to see Raoul is beginning to realize there is a crypto world far beyond BTC. Even more interesting are the comments here. It would be interesting to see the ages of the commenters. I'm relatively old at 75, but I see an an amazing amount of talent and brainpower at work on blockchain projects that will totally revolutionize finance, healthcare, supply chain, energy, automotive, etc. If some are thinking BTC is the only game in town, they have blinded themselves to the many use cases and investment opportunities for blockchain projects. Just as the Internet completely changed many businesses, blockchain promises to do the same. We're probably at the same early stage of development the Internet was in 1992, and I believe there are many opportunities ahead for those who do some open-minded research. Exciting times!
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MdBest line of the entire interview => “When someone asks ‘do you want to sell bitcoin’, I hear ‘do you want to buy dollars’”
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JBOne of the most interesting interviews on RV ever
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IN"Competing financial systems" keeping eachother in check. Profound. Never thought of this kind of duality. Can see benefits and perils. Also, excellent points on finance, privacy, behaviour, and policy.
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igThank you Simon and Raoul . To all the non crypto enthusiasts ! We are not here to convince you and bore you with facts, I can see you have already made up your mind ! But be sure of this - Gold, silver ,Fiat the old legacy banking system is like comparing the horse and cart to the latest Tesla ( Bitcoin, cryptocurrencies ,blockchain ,DEFI). Come down the rabbit hole, its scary at first but so illuminating .
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TPAs a fellow 2011-er myself, I have to say this Simon chap knows what he's talking about regarding crypto, which is refreshing. Bitcoin will eventually be held by sovereign nations (technically it is, by Belgium and the USA prior to some auctions) but this is the end-game. Exchanges, DeFi, all this noise is just phases before this occurs.
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DSExcellent interview. I enjoyed listening to Mr. Dixon very much. At 74 I will stick with gold and cash until a wheel falls off. For all of you who invested in Bitcoin I hope all goes well. I bought some and it doubled before the state put too many conditions on Coinbase to operate. The more Bitcoin is worth the greater the incentive for governments to use the ledger for their own purposes. In one article in CNBC they said the new IBM supercomputer might be able to break the Bitcoin encryption. What if North Korea buys a new IBM supercomputer? Even governments will have hard time keeping their own digital currencies safe. It is just a little too risky for an old man. DLS
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SPGreat discussion, especially Simon's view on central banks letting commercial banks go bust, then replacing customers' deposits with CBDCs. I'm going to check out his YouTube channel.
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AA"Crypto" is mostly scams. But Bitcoin (BTC) remains the safe bet that has proven solid for 11.6 years now. Can't go wrong with BTC. Pretty much anything else, avoid.
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AIExcellent! Time weighted I got much more out of this single interview than the Crypto Gathering (which was fantastic, just a bit too much). - Talking about Defi/altcoins and portfolio construction - I cannot get my head around this (and I'm not that risk averse): Let's say we have a $500k portfolio with 20% crypto allocation - $50K in BTC and $50K in alts We try to diversify (well..) the portfolio of alts: - 20 different ones - large cap? momentum (is there such thing?) worst historical performance? - equally weighted (because there is no way to know) - $2.5K each with the idea that some will moon and the rekt ones will be written off as loss 1, Let's say this overall 500k portfolio is required to return 15% average with controlled volatility. How much can alts be expected to contribute to this? 1-2% (annualized)? 2 goes 10x and the rest drops 80% -> 2% extra performance Is this realistic? Is that even worth the lost sleep (and opportunity cost) for the average investor? Obviously with lower crypto allocation it's even worse. (seems like around 5-6% is the current consensus for larger traditional portfolios based on Galaxy and others) 2: Correlations with BTC: - Is there a real diversification benefit for the total portfolio when alts strongly correlate to BTC (that seems to correlate at least short term with many things)? 3: Alt correlations: Seems like a lot of the alts have strong correlation with each-other and also BTC (https://cryptowat.ch/correlations) How does one attempt to build and uncorrelated bag of alts given they have almost no history? What's the best approach? Is anyone doing this? I don't mean gambling some helicopter money in alts.
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JSHow can bitcoin be global money if it can only process 7 transactions per second and costs .40 cents in transfer fees. How can 3rd world countries use this. Simon gave no good explanation why Tether can't provide an audit. Its a flat out fraud, allowing these guys to print USD's out of thin air and pump into crypto markets. Hence why the New York Attorney General is after them in court right now.
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dkDid they comment about how Bitcoin could be created through Bitcoin credit as well?
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APSo basically this guy bought a shit ton of BTC early on and is now a whale. A whale of an absolutely worthless ticker symbol that he is simply trying to promote. I lost him when he praised Max Keiser, wtf is wrong with you lol. For those new to the space please go down the rabbit hole and start your search with Gregory Maxwell and Craig Wright. Leave your biases at the start. IMO, BTC is a complete scam and absolute train wreck. All the so called crypto experts are simply promoting the bullshit because the exchanges are starving for FOMO liquidity that’s going to bail these guys out. They will then redirect those funds to the actual projects that are building the things that will change our lives for the better. And not the ones building the “lighting network” and the world computer that shards 2.0.
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MPGot alot out of this one! SD def has a bold vision in crypro. Some see clearly into the future...
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MPBrilliant!
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JKHow many fund managers are avoiding buying bitcoin in their funds because they’re not done building their personal holding before the price goes up?
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PMAs Simon been one of the initial investors in bitcoin. Would like to ask him one thing. Or may be if RV can help. What will happen if all the bitcoin been mined? How will miners survive then with such a high hash rate only on transaction fees? And if miners doesn’t survive how the network will? Doesn’t it cap the up side on bitcoin till last halving? Or is this a relevant question at all?
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CBInteresting interview guys. While I am no crypto lover , there were some interesting concepts. I did enjoy the idea of deposit replacement with digital sovereign currency while letting the banks/entities fail. It went off the wagon a bit when we got to Max Keiser and the rather curious response to the Bitfinex question concerning USDT/Tether. USDT is supposed to be 100% backed by US DOLLARS so it's a yes or no query. If it's not then Bitfinex via USDT/Tether is no better than the Fed with money printing.
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raBrilliant - binge further watching Raoul getting interviewed by Simon (a week back on YouTube)
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MDGreat interview Raoul. Thank Simon - great guest. Seems to know firsthand a lot of the tech and history about the space. Appreciate his insights. Some interesting thought-provoking comments. The concerning monetisation of people by governments is something I appreciate Raoul continually discussing - seriously dangerous. I will try to understand more his point on securitisation v tokenisation - probably something important for the future. BTW - Something's happened to my comment section - all off the page, can't even see the thumbs. One of the better "crypto" discussions so far in my opinion. Excellent RV content.
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HJI wish he mentioned that Japan hits you with a 55% tax rate
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PPSo let me see if I understand this ... Central Banks are going to "compete" with Bitcoin and the peeps will decide who wins .... WHEN PIGS FLY !
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arTerrific guest, and great interview all around!
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NAGreat interview, my only concern with bitcoin, once central banks issue a digital currency, and the government can see they have total control, there will be no opt-out of their system, sorry the government will ban any alternative system. Imho government is inherently evil. Only mass uprising crash and burn scenario, history shows the way, any thing else is wishful thinking.
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JASimon is a real OG in Bitcoin investing. Keeps a very low profile. Great choice by RV.
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DMHi guys, looking for some help, maybe one of the RV guys can help me; I'm new to the crypto world, and had previously signed up for The Crypto Gathering which I was SO excited to watch and learn from, however unfortunately from my office internet traffic is controlled and they only allow certain sites and I wasn't able to watch. Are those crypto gathering recordings kept anywhere or did I permanently miss out? Thanks in advance everybody.
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JLGreat interview... key takeaway, no matter how much you think the price is going up, risk management is more important
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PUExcellent discussion. Thank you.
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AGI have always thought the USD was a matter of national security and thus why would the existing world order allow anything to challenge that ? Very curious...
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BTIs there a good way to gain long exposure to hairdressers in Clacton-on-Sea? :o)
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VDbest interview of 2020 hands down
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PRIf after watching this you don't have 1% in BTC you really have to ask yourself why
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LCWow - this is a really interesting interview.